Zeta Hedge Review – Only Seemingly Legitimate
New traders need to be particularly wary of this one. Zeta Hedge is a newly registered brokerage business, owned by UINVEX Limited. The company operates from SVG and is registered with SVGFSA. The date of incorporation is 2020, while the Zeta Hedge site exists only a little over two months at the time of writing this review.�
Offering top notch trading conditions with a promise of diligent problem solving through the dedicated support team, Zeta Hedge seems like a good choice. But let us tell you why their headquarters being SVG means a lot more and why they cannot be taken for a valid firm. Especially after their old and similar-sounding domains were banned and closed. Read all about it in this Zeta Hedge review.
|Blacklisted as a Scam by:
|OSC, CSA, FCA, CONSOB
|Saint Vincent and the Grenadines
|Web and Mobile
|Yes (Bitcoin, Litecoin, Ethereum, Ripple, Dash)
|Types of Assets:
|Forex, Crypto, Stock CFDs, Indices, Commodities
|Up to 1:100
|Free Demo Account:
|Accepts US clients:
Is Zeta Hedge a Scam Broker?
The critical aspect of every brokerage conduct is their license. And Zeta Hedge has none. While they claim to be registered in SVGFSA, the company they claim to be related to has their record with this regulator. However, the financial institution in SVG doesn’t regulate brokers. But then, neither did FCA, BaFin, CySEC, ASIC, FINMA, and CNMV regulate Zeta Hedge.
What’s more, several domains with a similar name were already whipped away by financial authorities because of their scam activities. By this we mean:
Apparently, the current domain is nothing more but a desperate attempt of the old fraud to resurface. Which was already blacklisted by the UK financial dog – FCA. More on this and the other warnings in the following part of this review.�
At the time being, we’d just like to remind you why it’s important for a broker to have a Tier 1 license. Operating under strict supervision forces the broker to run a legitimate business, based on a hefty amount of initial investment and engagement of a competitive team.��
The first step to securing the investors’ capital is by implementing segregated bank accounts. These allow the traders’ deposits to be safe from being misused by the broker. Other measures included are the leverage restriction to 1:30, negative balance protection and compensation fund. While bonuses are banned in all of the UK and EEA, US traders can enjoy the offer but are also severely overseen.�
Zeta Hedge doesn’t in truth abide by any regulatory framework. If they do not have an EU license, we can neither expect them to follow the MiFID directive issued by ESMA for strengthening the AML system. By all means, Zeta Hedge is a scam through and through. And the same behavior is detected at Place A Trade – another scam broker to beware of.
Warning Issued by Financial Authorities�
When a major financial institution blacklists a broker, it is the final verdict on their credibility. Because Zeta Hedge is newly registered and without a license, they’re already suspicious because of their domain name. As proven, it’s in direct correlation to the previously blacklisted and closed sites. The financial authorities that have warned the public about the Zeta Hedge shadiness are several:
The Opinions of Traders On About Zeta Hedge�
As we’ve already mentioned, Zeta Hedge is not new to the market. They’re already a known scammer with banned domains. During their activity, Zeta Hedge has managed to wrong quite a few traders. The victims have left their opinion on this broker and their services on several review websites, including TrustPilot. Here are the most recent experiences the traders are talking about:
Not been able to access any money. Ignored and told lie after lie. I’m extremely concerned Zeta Hedge Ltd is a scam and don’t want anyone else to lose their money they’ve got 10k of my own money that I cant get.[…]
Zeta Hedge are absolute scammers. They are so callous. They lure you in with the greatest promises of making a huge profit, but all the time they are scamming you into false atomic wallets with fake tokens which are absolutely worthless […]
Zeta Hedge is a company that strings you along, appearing to build up a healthy return with options thrown in to boost the returns further, without ever paying anything out.[…]
Zeta Hedge Platforms – A Software Comparison
At first, the client area at Zeta Hedge offered us two options for the trading software:
- Desktop Trader
We quickly discovered the link to downloading the desktop version was dead. So that left us with a single choice of trading on the basic and poorly designed web terminal. While being somewhat comprehensive and easy to handle, this terminal greatly lacks all the advanced functions. Alas, even that sloppy terminal is not responsive because it requires real cash margin.�
Trading takes more than just randomly placing trades and spending hard earned money. Successful price speculating requires a lucrative strategy that is built on thorough analysis and planning. Zeta Hedge web trader allows none of this. �
What Financial Instruments Does The Platform Include?
The range of available financial instruments at Zeta Hedge is neither big or great. We can only label it as basic, since it only includes several tradable asset groups commonly found at any website:
- Forex (EUR/USD, EUR/CHF, USD/GBP, EUR/JPY)
- CFDs on Shares (Bayer, Adidas, Alibaba, Commbank, Intel)
- Crypto (ADA, BCH, BTC, DASH, DOGE, LUNA)
- Indexes (DOW, DAX, FTSE, JPN225, NSDQ, SPY)
Zeta Hedge Victims – Countries of Origin
The aforementioned suggests Zeta Hedge has already practiced their scam tactics on various victims. They have particular zones they favor, and they seem to be primarily english-speaking areas, similar to Rockwell Trading. These are the countries with the biggest number of reported victims. If you reside in any of the following states, be cautious if you encounter a Zeta Hedge boiler room agent:
- United Kingdom
- United States
Account Options Offered by Zeta Hedge
Zeta Hedge is pretty detailed when it comes to presenting their account types. Every package supposedly carries some benefits. By this Zeta Hedge means deposit bonus, customized portfolio, account manager, trading lessons, protected trades and trading signals.�
Deposit bonus up to 35% is a trap that is all the more attractive, the more you deposit. The leverage is also adjustable, but it heavily depends on the amount of money you’re willing to spend.�
Here’s what Zeta Hedge offer of accounts looks like, along with the deposit requirements:
- Basic Account – €1,000
- Bronze Account – €5,000
- Silver Account – €10,000
- Gold Account – €25,000
- Platinum Account – €50,000
- Diamond Account – €100,000
- VIP Account – €250,000 +
Can a Trader Use a Demo Account?
With so much to hide, how could Zeta Hedge allow you to snoop around their trading environment and conditions? Of course there’s no Demo account options. If you’re in the mood to trade, you have to be ready to spend real cash to afford the access to such endeavors. This is not what we’d recommend in the least, though. Not a single penny is worth losing to a swindling dastardly scheme.�
AnyDesk and Teamviewer Trap
Zeta Hedge� isn’t the first or the last cyber thief that makes a living by tricking customers into granting the scammer access to their machine. Apps like AnyDesk and Teamviewer serve such purposes.�
The friendly agent will throw a bait, saying how they will help you set up the platform or open an account or resolve any other issue, or even trade instead of you. Then they’ll convince you the only way to achieve that is to install these apps and let them access your machine. Taking control of your device will let them shuffle through your private data, further allowing them to steal your sensitive information and even your identity.�
Zeta Hedge Affiliate Program
At the time of writing this review, Zeta Hedge didn’t promote any affiliate programs whatsoever. This isn’t a definite state of things and it’s just a matter of time before the con artist comes up with more ideas. These serve as a way to defraud victims and, at the same time, use them to drag in more traders. Scammers can easily instigate interest in unsuspecting targets by offering them a percentage of profit for each new client they refer or recruit. It wouldn’t be a surprise if Zeta Hedge started doing this too at some point.�
Terms of Service for Zeta Hedge�
As a document, TOS matters in regards to the broker’s real attitude and expectations they impose on their customers.�
For example, Zeta Hedge expects the customers to reach a trading volume requirement before being allowed to issue a withdrawal request. This document explains you need to make at least (deposit+bonus sum)x25 before you can ask for a payout.�
Similarly, Zeta Hedge also renounces any blame if the customers suddenly loses funds due to unforeseen market circumstances. Suspicious as it is, Zeta Hedge has the access to the clients’ funds and can deduct any amount from the account they wish to charge with fees.�
These are just some of the examples, but please pay attention to the ways Zeta Hedge reveals their true face. Better sooner than later and after you’ve accepted all the preconditions.�
Leverage, Spreads and Fees
Leverage at Zeta Hedge goes up to 1:100. But not so easily. The basic trading account you get after investing at least $1000 only unlocks leverage of 1:1. For higher leverage ratios you have to invest much bigger amounts. 1:100 is only available after opening the VIP account, which costs a remarkable $250 000+.
Nowhere does Zeta Hedge reveal the trading costs. The account types don’t come with the report on available spreads and if they’re fixed or floating. This leaves the swindler with just enough space to throw sudden fees under pretext of charging you the trading costs.�
Withdrawing Profits From Your Broker Account
The first line in Terms and Conditions which relates to withdrawals is that Zeta Hedge does not take any responsibility for any delays of withdrawals and blames this mishap on third parties, like banks and payment services.�
Furthermore, the broker demands all the relevant docs to be sent along with the withdrawal request, such as ID photo, bank credentials and credit card info.�
Moreover, the site also denies any responsibility in paying fees and pushes this obligation onto the clients. With, of course, the explicit promise to deduct all the justified amounts from the clients total balance.�
In the end, Zeta Hedge reserves the right to completely deny the withdrawal request for any reason they see as a reason enough for such a move.�
What can I do if I was scammed by Zeta Hedge?
Understanding the grave importance of timed response is the best way of fighting fraud. You will have your chances of restoring the lost funds significantly increased if you time your reaction well.�
The sooner you provide us with enough proof, the sooner we can help you start the chargeback process. We’re here for you any time you decide to contact us. Explain your problem to our agent active in the chat and you will get timely advice that can push your further steps in the right direction.�
Let this be a constant reminder. You don’t deserve to be robbed and neither does the lazy thief deserve to earn profit in such a malicious and damaging way.
What Is Zeta Hedge?
Zeta Hedge is a multiple times blacklisted brokerage without a valid license and with a history of scamming through several domains, all of which look familiar.
Is Zeta Hedge a Regulated Broker?
This is not a regulated broker at all. They lack any validity by the financial authorities and only recognition they’ve received is in the form of warnings.
Does Zeta Hedge Have a Referral Program?
At the present moment, the broker advertises no such program, but it certainly is a common way for scammers to attract more victims.
Does Zeta Hedge Offer a Demo Account?
Demo accounts aren’t available with this broker. If you want to become their customer you have to do so by investing at least $1,000.