Zenithcapital is a forex broker that claims to offer a wide range of trading products and services. However, there are several red flags that suggest that Zenithcapital is a scam.
Company Overview
Zenithcapital is a company registered in Seychelles. However, it does not have any licenses from any reputable regulatory authority. This means that there is no oversight over its activities, and investors are not protected in the event of fraud.
Does Zenithcapital Have Any License?
No, Zenithcapital does not have any license from any reputable regulatory authority. This is a major red flag, as it means that there is no oversight over its activities and investors are not protected in the event of fraud.
Is Zenithcapital Regulated By Any Authority?
No, Zenithcapital is not regulated by any authority. This is another major red flag, as it means that there is no oversight over its activities and investors are not protected in the event of fraud.
Pros and Cons
Pros:
- Zenithcapital offers a wide range of trading products and services.
- The minimum deposit is relatively low.
- The trading platform is easy to use.
Cons:
- Zenithcapital is not regulated by any reputable authority.
- There have been reports of Zenithcapital engaging in fraudulent activities.
- Withdrawals can be difficult or impossible to process.
How Does Zenithcapital Reach To Their Prey?
Zenithcapital uses a variety of methods to reach their prey, including:
- Placing ads on websites and social media platforms.
- Offering free trading signals and webinars.
- Cold calling potential investors.
Technical Details
Minimum Deposit:
The minimum deposit for Zenithcapital is $250.
Trading Platform:
Zenithcapital uses the MetaTrader 4 (MT4) trading platform. MT4 is a popular and well-respected trading platform, but it is important to note that Zenithcapital does not have its own proprietary trading platform.
Spread:
The spread on Zenithcapital is variable, but it is typically around 1 pip.
Leverages:
Zenithcapital offers leverage up to 1:500. However, it is important to note that high leverage can magnify losses as well as profits.
Packages and Products They Offer
Zenithcapital offers a variety of trading packages, including:
- The Mini Package: This package is for beginners and offers a small number of trading features.
- The Premium Package: This package is for intermediate traders and offers a wider range of trading features.
- The ECN-Pro Package: This package is for experienced traders and offers the most advanced trading features.
- The ECN Pro+Commission
Withdrawal and Deposit Method
Zenithcapital offers a variety of withdrawal and deposit methods, including:
- Credit/debit cards
- Bank wire transfers
- E-wallets
What Do Their Previous Traders Say?
There are a number of negative reviews about Zenithcapital online. Some traders have complained about difficulty withdrawing funds, while others have alleged that Zenithcapital is a scam.
Summing Up- Why Should Not You Trust Zenithcapital
There are a number of reasons why you should not trust Zenithcapital. First, the company is not regulated by any reputable authority. Second, there have been reports of Zenithcapital engaging in fraudulent activities. Third, withdrawals can be difficult or impossible to process.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money to Zenithcapital, you may be able to recover your funds with the help of a financial recovery service. These services can help you to investigate the matter and file a complaint with the relevant authorities.
File A Complaint Against Scam Broker's
Final Thoughts
Zenithcapital is a scam broker that should be avoided. If you are considering trading with Zenithcapital, I urge you to reconsider. There are many legitimate forex brokers out there that you can choose from.
If you have any questions or concerns about Zenithcapital, please feel free to contact me. I am here to help you protect your investment.
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