When can you trade?
All Zenstox clients can access the global Forex markets whenever they are open – from 22:00 GMT on Sunday until 22:00 GMT on Friday. During the entire period, you can trade Online FX and Commodities, while the CFDs have their operating hours, depending on where the market is situated:
The US Market CFDs can be traded Monday to Friday between 2:30 pm and 9:00 pm GMT
The European & British Market CFDs can be traded Monday to Friday between 8:00 am and 4:30 pm GMT.
The Asian Market CFDs can be traded Monday to Friday between 0:00 am, and 2.00 am GMT and also between 3:30 pm and 6:00 pm GMT.
What are the market conditions?
Zenstox has several market conditions. There is a Rollover Fee charged at 0.02% of the overnight exposure on CFDs (including Currencies, Stocks, Indices, and Commodities) and a bigger fee of 0.50% on CFDs (Cryptocurrencies) due to their high volatility.
Zenstox’s policy of no slippage makes the execution of the spot orders possible at a price the client quotes during the regular global Forex market conditions.
Our traders receive consistent ask (buy) and bid (sell) prices with fixed spreads even during volatile global Forex market conditions. Spot orders can be executed at the quoted price from the client.
Leverage at Zenstox:
Foreign Exchange currency trading (Forex): 1:200
Commodities trading: 1:200
CFD on Indices: 1:100
CFD on Shares: 1:10
5 Protected Positions: 1:20
What happens if you have an inactive account?
If there is no activity whatsoever over at least three (3) months, the Company reserves the right to charge a fee of $500 and continue to do so for every inactive quarter. Suppose there is less than $500 in the Client’s account and it has been inactive over a period of three (3) months. In that case, the Company reserves the right to apply a lower amount for closing down the account and some administrative expenses.
When is the Credit-Out Rule activated?
Suppose there is no activity whatsoever over a period of at least forty-five (45) days. In that case, the Company reserves the right to activate the credit-out rule and take any existing trading credit out of the Client Account, given that (i) no open positions and/or entry orders exist on the Client Account; (b) no positions were opened and/or closed in the course of the last 45 days; and/or (c) no deposit transaction was made within the last 45 days.
Withdrawal and/or Inactivity commission does not count as an act of an active account.
How to deposit?
To open an account, Zenstox’s clients need only a $200 deposit before they start trading. The accounts at Zenstox are denominated in US Dollars, meaning that all trading deposits are being converted into the base currency of the client’s trading account (US Dollars).
What is margin liquidation?
When a client’s account reaches zero, the Margin liquidation rule activates closing all his positions automatically. With this, Zenstox intends to prevent the client’s trading account from reaching a negative balance as it protects him from being liable for an amount exceeding the deposit.