Zen Trade Review – Is Zen Trade Legit or a Scam?
Website – https://zentrade.com/
Contact Information – support@zen-trade.org
Address –
- Liivikas OU/Nurme 16, UNITED KINGDOM, 11621 Tallinn
- Erebus Drive, London, UNITED KINGDOM, SE28 0GH
Regulatory Warning – Financial Conduct Authority (United Kingdom)
Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
Website Inaccessibility Raises Alarms
Based in the Marshall Islands, ZenTrade’s brokerage operations have recently turned very disturbing to several traders. The official website, zentrade.com, now seems to be completely inoperative, giving rise to some unique doubts in people’s minds about the broker. Therefore, this situation adds more to the already present fear factor in a lot of people’s minds regarding the legitimacy of the broker.
Regulatory Issues and Transparency Deficiency
The most serious of the red flags in the whole process is that ZenTrade is not under any applied financial regulation. Without regulations, traders risk any deposit, as there is no authority watching over the broker’s conduct to protect the user’s money. Moreover, the Financial Conduct Authority (FCA) has decided to issue a warning against the firm, rightfully casting shadows over its legitimacy.
Negative Reviews and Limited Payment Options
Several traders have shared negative experiences with ZenTrade, such as difficulties with withdrawals, bad customer service, and deceptive conditions. The company also only provides minimal payment options, which makes transactions inconvenient and calls into question the security of client funds.
Final Verdict
Based on the absence of regulatory intervention, adverse client comments, and the unavailability of the website, ZenTrade does not seem to be a trustworthy option for traders. Anyone considering using this broker needs to be very cautious or find a more trusted alternative.
How Online Scams Work?
- Scammers often use fake celebrity endorsements to make their offers seem real.
- Unrealistic profits are promised, such as making hundreds of dollars within just a few days.
- Urgency is another trick, where you feel that you have to do it immediately or else miss the opportunity.
- They frequently make it difficult to get your money back by making excuses or delays all the time.
- Usually, there is no accurate data provided about the business or its location.
- Fake testimonials are used, sometimes with pictures that aren’t even real customers.
Steps to Follow After Being Scammed:
If you fall victim to scams, then you must act fast. The steps to follow are as follows:
Contact Your Bank: If you used a credit card to make the purchase, request a chargeback.
Collect Evidence: Save emails, receipts, and chat logs related to the scam.
Report the Scam:
- U.S. residents: Report to IC3 or FTC.
- International: Report to your national financial authority and law enforcement.
Seek Expert Help: Cyber professionals are able to locate stolen money and assist in its recovery. Lycan Retrieve is one of those professionals who can assist you.
Take Action Today
Don’t wait if you’ve been deceived by Zentrade.com. To discuss your options and begin your recovery process, contact us for a free consultation. Your financial security is important, and being proactive can help protect it.
At Lycan Retrieve, we work to restore your losses and deliver results. Contact us now to regain management of your finances.
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