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Abstract:In-depth analysis of INZO broker's regulatory status and safety measures. Find out if INZO is a legit and regulated broker you can trust with your funds.
INZO is a relatively new broker founded in 2021 and registered in Saint Vincent and the Grenadines. It offers a wide range of market instruments, including forex, stocks, cryptos, and metals. However, being offshore regulated by the Seychelles Financial Services Authority (FSA) introduces inherent risks for traders. The FSA regulation provides limited oversight, which might concern traders looking for more robust regulatory protections. Despite this, INZO has built a solid reputation for offering multiple account types and a range of trading platforms, including MT5 and cTrader, appealing to both beginners and experienced traders. Still, it is essential to weigh the risks of trading with an offshore-regulated broker carefully.
INZO is regulated by the Seychelles Financial Services Authority (FSA), a regulatory body that oversees financial services in Seychelles. The company operates under a retail forex license, and while this gives some oversight, the offshore nature of the regulation may mean fewer consumer protections compared to brokers regulated in more stringent jurisdictions. Below is a summary of INZO's regulatory details:
Regulated by | Country | Licensed Entity | Regulatory Level | License Type | License No. |
FSA | Seychelles | INZO GROUP LTD | Offshore Regulated | Retail Forex License | SD163 |
While INZO is offshore regulated, it offers basic protection under the Seychelles FSA. However, the lack of strong regulation could expose traders to higher risks.
Due to the offshore regulation, traders might not be covered by the same compensation schemes available with more strictly regulated brokers.
INZO uses industry-standard security protocols like encryption to protect client data, though there is no specific mention of additional measures like segregation of client funds.
Yes, INZO offers 24/6 customer support through live chat, email, and social media. Their team is generally responsive, providing support for both account and trading-related inquiries.
Yes, INZO provides demo accounts for traders who want to practice trading without risking real funds. This is a valuable feature for beginners.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.