Zeno Forex Trading is a service provider offering signals, education and managed accounts. With prices ranging from £49.99 to £99.99 per month, they feel that their assortment of options is the perfect “opportunity to follow.” They want to provide traders with access to a “mountain of Forex trading experience” to ensure each of their client’s accounts grow steadily. Today we will be providing a review of these services, and letting you know if they meet our expectations when it comes to an assortment of categories.
Launched in 2010, this service is owned by the Zeno Strategics Group. There doesn’t seem to be an address or general location for their head offices though. They also don’t introduce us to the different members of their team. On their about page they claim that their “CEO is well known in the industry and has many articles published,” but they don’t link us to any of the pieces. Furthermore, they do not introduce us to this CEO, so we can’t verify his reputation. We are not expecting much in this regard, but do like to see a bit more transparency in these areas.
Zeno Forex Trading Review
Unlike most services we review, the Zeno Forex Trading program offers multiple options. These options consist of managed accounts, live manual Forex trading and a daily live trading desk. They feel that in offering more than one service, that they can reach more clients and have an even greater impact on the Forex community.
There are four main reasons why they feel their service is leaps and bounds ahead of their competitors:
- Comprehensive communicaton that comes via a daily webinar.
- Hand picked regulated brokers that their services are compatible with.
- Low deposit requirements for their managed account services.
- Direct access to support.
Manual Trading Membership
The Zeno Forex Trading manual service provides Forex signals on every single weekday. The signals are sent from 08:00 to 22:00 UK time, and they can be followed directly from the webinar. Each alert comes with clear entries and exits, utilizing a “powerful profit making strategy.” The signals come with money management, and a specific explanation of the approach.
They don’t give us any information about the strategy and this is something we would like to see before signing up. Even if they could give us access to an old webinar, that would go a long way in understanding their approach and skill level.
In terms of trading results, there are two charts labeled “September Performance” and “October Performance.” This is clearly not a good sign, as we are in August, which means they haven’t updated these numbers since 2019. In addition, none of these results are verified which is a common issue in the signal market as you can see in our recent reviews of FX Hunter Wealth and DepyFX.
Traders can access the manual trading membership for £49.99 per month.
Auto Trading Membership
The Auto trading membership by the Zeno Forex Trading group is double the price of the manual membership, costing £99.99 per month. With the automated program, you are not dealing with Forex robots, but with a managed account service.
Basically, traders register for membership, link to their brokerage, and then link to the master account to start receiving trades automatically in MT4. They don’t give much detail about the service, but claim that they use an “Alpha Tradr Strategy” which is run by their regulated Forex trading team. This strategy is built to recognize market movements by taking advantage of “range positioning and the institutional currency index, which is streamed into” their servers. The strategy sounds unique, but it is a collection of buzz words without any proof to show us how it actually works.
Much like the manual trading program, the trading results are lacking for the managed account service. At this time, they provide a single graph, showing the “percentage change in bank.” There are no specific trades shown, no trading statements and no results verified by Myfxbook. It is very difficult to trust the type of results being provided, as they are in complete control of the vendor and don’t seem to align with where we are in the current calendar.
The Zeno Forex Trading service is showing promise, but there are quite a few elements we would like to see flushed out. At this point in time we can’t provide a recommendation because there is an overall lack of transparency. We want to see more proof on all levels before we decide to sign up.
If you have anything you would like to add, please leave your comments and questions below the article now.