General Information
Penzo Limited is a newly established forex broker, offering its clients access to a series of trading instruments including Foreign Exchange, Premium Metals, Energy and Major Indices.
Market Instruments
Individual and institutional traders who use this broker will have access to an extensive popular and mainstream financial markets regardless of where they are. Different asset classes covering foreign exchange, precious metals, energy and major global indices are all available through the brokerage platform.
Forex Exchange: offering mainstream currency pairs including EUR/USD, USD/CAD. GBP/USD,etc.
Precious Metals: providing a variety of metals spot trading: gold, silver;
Crude Oil: US crude oil;
Indices: HK50, GER30, US500;
Cryptocurrency: dozens of mainstream digital currency pairs including Bitcoin, Ether, Rippple;
Account
Creating an account is easy and fast. Click on “Create an account” button, fill out the form and you will receive the login information in your email box immediately after completion. You cannot change the base currency of your account, as all bids are settled in USD transaction.
Leverage
Concerning leverage, traders with Penzo are given the flexible choices between 1:100 to 1:200. Leverage improve potential returns by allowing you to double or even quadruple your account amount, but it can also cause to fund losses, especially to inexperienced traders.
Spreads
Penzo offers its clients variable spreads as low as 0.1 pips, no requote. Since many brokers today calculates all trading costs into spreads, brokers offering competitive spreads therefore gain large popularity.
Trading Platform Available
When it comes to trading platform available, Penzo offers its clients access to the leading MT5 trading platform that can be accessed from any device. MT5 enables them to operate trading bots such as EA, study financial markets, and engage in advanced trading operations. Whats more, traders can even duplicate the strategies of other investors without difficulty. Additionally, Penzo MT5 trading platform also offers demo account options (up to $100,000 virtual funds) for its clients to test trading environment without risking their real money.
Additional Tools
Penzo also offers some latest News and Economic Calendar for its clients to know more about the financial market and prepare themselves for forex trading.
Customer Support
Excellent customer service is an integrated part to making a reliable and trustworthy forex broker. It seems that Penzo does not do well in this respect, as they can be only contacted via email: support@penzolead.com.
