Zeyfex Review: Transparency and Regulatory Analysis
A short glance at the broker’s website told us all we need to know. We are dealing with a hard-core scam. And that’s why we decided to expose everything, so nobody will ever fall for the Zeyfex scam again.
Read our Zeyfex review and find it all out.
|Regulated by:||No regulation|
|Owned by:||Zeyfex Ltd|
|Cryptocurrencies:||Yes – BTC, ETH, XRP|
|Types of Assets:||FX, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
Zeyfex Regulation and Security
Zeyfex is a brand of Zeyfex Ltd, allegedly based in Seychelles. It was quite a drama for us to resolve where the broker is from. In Terms and Conditions, they stated the company operates under the laws of Seychelles and has another entity in Saint Vincent and the Grenadines.
However, the broker does not have a regulation despite sad attempts to present itself as a CySEC and ASIC regulated brand. In the FAQ section, we found claims the company has regulations and is owned by a financial group from Cyprus. Do not fall for this well-organized scheme.
Fund Withdrawal Issues
As expected, an offshore brokerage without basic information makes clients have severe withdrawal issues. Since Zeyfex minimum deposit is $0, we are not sure how they expect anyone to start with them. According to Zeyfex reviews we found, once a client gets a call from the company’s support, they’re being asked to deposit in accordance with their financial situation. That’s the reason this broker does not list an explicit minimum.
If you try to find what other traders think of Zeyfex broker, the answer is nothing good. Since the broker is ignoring clients and their withdrawal requests, they have to say that Zeyfex is a scam. We believe so. After reading how broker does not allow clients to get their money, block their phones and emails, as well as their trading account, what else is left to say.
Do not deal with this fraudulent operation.
How Does Online Trading Scam Work?
Zeyfex and many other offshore scams are operating the same way. Posting an ad showing you rich life, luxury, cars, travels, etc. Once you submit your application, the company’s employees are calling you for the initial deposit. As explained, Zeyfex initial deposit is not determined, but employees give you an amount after evaluating your financial situation.
If you want a withdrawal, the broker is suspending your account, and your communication will stop.
If you recognize yourself here, get in touch with us immediately.
Scammed by Zeyfex?
Suppose you were involved with Zeyfex, a high chance you’ve been scammed by this illicit brokerage. In that case, you need to report it as soon as possible and request a chargeback immediately.
But what is a chargeback? This is a way to refund your card in case you were scammed online. Do not hesitate to contact us via chat and tell us your story. Our company has years of experience dealing with fraud, and we would be glad to assist you.
What is Zeyfex?
Zeyfex is an online trading brokerage without a regulation based offshore.
Is Zeyfex a scam?
Zeyfex broker has no regulation and has terrible security problems, according to reviews.
Is Zeyfex regulated?
No, Zeyfex is not regulated by any authority body for providing financial services.