ZeithCoin Detailed Review

Once we’ve seen that ZeithCoin provides binary options trading, we were confident it’s not a legitimate broker. As of 2018, this type of trading was banned in the UK and most EU countries due to safety reasons. So, who is ZeithCoin, and why do they still exist, read in our detailed review.

What About ZeithCoin Regulation?

ZeithCoin claims to be an ASIC and FCA-regulated trading firm on the main page. Their disclaimer says the company holds an Australian AFSL license and CySEC regulations. Just for fact, the Australian regulator is ASIC, not AFSL, while CySEC regulation number 3624/188 doesn’t exist. However, we did find another broker using the exact same details in the disclaimer – TrustMarketFX. It led us to believe that these two companies are related and scamming clients together. 

Stay away from both, or you’re risking becoming the next online trading scam victim.

ZeithCoin Trading Instruments

ZeithCoin broker chose quite an interesting range of trading instruments. Clients have access to:

• Currency pairs
• Indices
• Cryptocurrencies
• Binary options trading

With binary options being illegal in the UK and most of the EU since 2018, in Israel and Canada since 2017, we don’t see how ZeithCoin expects anyone to believe that they have an FCA license or provide any sort of a legitimate business. In addition, the leverage goes up to 1:1000, which the ASIC, FCA, and CySEC strictly forbid.

Fund Withdrawal Issues With ZeithCoin Broker

Since we’ve proven that ZeithCoin is not what it presents to be, no wonder clients are experiencing withdrawal issues. Imagine getting defrauded and seeking help from a regulator just to find out that they have never heard of ZeithCoin and cannot assist you. Many traders have come to this situation, and knowing that its license is fake and has not provided official headquarters, ZeithCoin’s employees don’t bother too hard to do their job and help clients get their money back.

Areas Of ZeithCoin Scam

Whenever you receive an offer from ZeithCoin, we advise you to be careful and not fall for the story, regardless of how tempting it may sound. As anticipated from its false regulatory claims, the broker is mainly present in Australia and the UK. However, no places are safe, and the company has no restrictions.

In addition to the above, we strongly advise you not to invest in UnionsMarket, EverProTrader and OrbiTrade fraudulent brokers.

Traders About ZeithCoin Scam

Traders have experienced severe withdrawal issues, and that’s the main subject of all ZeithCoin reviews. However, trading binary options never go smoothly, so we’ve seen many complaints on that account. As you may know, binary options are more of gambling, and you need to predict whether the asset will increase or decrease in price within minutes. Since this is almost impossible, many have lost their money but won’t be refunded.

 How Does Online Trading Scam Work?

Each broker comes up with its own online trading scheme. In the case of ZeithCoin, it’s offering binary options trading in the countries where it’s illegal and offering Forex and CFD trading without a proper license. Once you fall for the scam and invest the minimum of $100, you will be prompted to invest more and more until all your life savings is gone. Only then will the broker freeze your trading account, and you will understand that you have been a scam victim.

Also remember the names of the Super1Investments, RaxTrade and interactive-trading trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Scammed by ZeithCoin? – Tell Us Your Story

If you were scammed by ZeithCoin, let us know. Our chargeback specialists are here to hear your story and may help you with the refund process.

But What Is A Chargeback?

That’s a way for your bank to retrieve the funds from the merchant. For more information about your particular case, contact us via online chat to book a free consultation. Instead of letting scammers run with your hard-earned money, take a step towards getting it back now!