General Information & Regulation
INZO, a trading name of INZO L.L.C, is allegedly incorporated by the financial services authority ( SVG ) as a limited liability Company with registration number 967 LLC 2021 and registered in Saint Vincent and the Grenadines. The broker claims to provide its clients with over 350 tradable financial instruments with flexible leverage up to 1:500 and variable spreads from 0.0 pips on the worlds most trusted and popular MetaTrader5 trading platform, as well as a choice of four different account types and 24/6 customer support service.
Market Instruments
INZO advertises that it offers more than 350 tradable financial instruments, including forex, CFDs, indices, stocks, precious metals, energy and cryptocurrencies.
Account Types
Apart from demo accounts, INZO also says to offer four types of live accounts suitable for different trading environments, namely Standard, Stocks, Zero and INZO VIP. Opening a Standard account requires the minimum initial deposit amount of $200, while the other three account types have much higher minimum initial capital requirements of $1,000, $5,000 and $50,000 respectively.
Leverage
Traders holding different account types can enjoy different maximum leverage ratios. Clients on the INZO account can enjoy the maximum leverage of 1:500; the Zero account has a leverage of 1:200; the Stocks account has a leverage of 1:20 and the INZO VIP has a leverage of 1:50. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.
Spreads & Commissions
INZO claims different account types can enjoy quite different spreads. In particular, the spread for the Standard account starts from 0.9 pips, while the Stocks account has spread from 5 pips and the other account types can enjoy raw spreads from 0.0 pips. As for commissions, there is a commission of $8 per lot on the Zero account and $4 per lot on the INZO VIP account, while the Standard and Stocks accounts with commission-free.
Trading Platform Available
The platform available for trading at INZO is the industry-standard MetaTrader5 trading platform, available for Windows, Android and iOS. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
From the logos shown at the foot of the home page on INZOs official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Perfect Money, Payeer, Western Union, Transfer by Exchange, Tether, etc. The minimum deposit requirement is $200.
Bonuses
INZO claims that if you open a real account, and then get a $30 Welcome Bonus. Also, depositing money into your account can make you get a 30% bonus on your deposit. However, we cannot be sure if these bonuses can be withdrawn without any condition.
Customer Support
INZOs customer support can be reached by telephone: 80080070, +964 783 340 4823, WhatsApp: 07730379580, email: support@inzo.co or live chat. Besides, you can also follow this broker on some social media platforms such as Twitter, Facebook, Instagram and YouTube. Registered address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and Grenadines.
