The recipe for an online scam is quite simple: a professional-looking website, “competent” documents, attractive promises, modern trading platforms… But what is this cocktail lacking to form a reliable investment firm? Let’s find out!
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||AMF|
|Supported Platforms:||MetaTrader 5, Web|
|Types of Assets:||Forex, Commodities, Indices, Cryptocurrencies, Stocks|
|Free Demo Account:||No|
|Accepts US clients:||N/A|
What About ZMarket Global Regulation?
The broker’s official website doesn’t provide any information about the license or regulation. Moreover, we are not offered any data about the company’s owners or the organization that operates all the processes. All customers are allowed to know that the company’s main office is located in Luxembourg. Well, does this mean that a reliable financial authority regulates the broker? We have done our own investigation but have found no licensing, auditing, or regulatory data of ZMarket Global, which indicates that we are dealing with an illegitimate broker.
ZMarket Global Warnings From Financial Regulators?
The first red flag indicating that the broker is an unlicensed anonymous organization is the lack of a company name in Commission de Surveillance du Secteur Financier (CSSF) databases. It is a local institution responsible for the supervision of brokers within Luxembourg. The second important evidence against the broker was that on January 10, 2022, AMF, the reliable French regulator, blacklisted the organization due to the absence of a license.
Withdrawing Issues and Bonuses
Is it possible to withdraw funds from an account opened with a ZMarket broker? According to statistics collected from reviews websites, only 1/5 of customers are satisfied with the company’s services. Is it worth the risk and getting involved in cooperation with an anonymous foreign organization? Absolutely not. In addition, here is another proof of the company’s dishonesty: they offer bonuses and too high leverage. As you know, the laws of the EU prohibit the bonus system in any form, while the maximum allowed leverage is 1:30. ZMarket Global prefers to break laws. You can find promises of bonuses in their terms and conditions, while the levagere goes up to 1:200.
ZMarket Global Web and Mobile Trading
The broker offers two trading platforms to choose from: MetaTrader5 and WebTrader. You can open positions and use all the advanced virtual instruments using the desktop and mobile versions, which is really convenient. However, offering top software can be another tricky technique to lure you into a trap of deception.
Most Of The Victims Live in France and UK
AMF’s interest in the actions of a broker directly depends on the number of deceived victims living in France. Most clients who have had negative experiences with the fraudulent broker are citizens of the United Kingdom and France. Unfortunately, most of the actions of financial authorities cannot save those who have already suffered from scammers, but they can help avoid new cases. That is why you should always check the details of the broker you are interested in.
Traders About ZMarket Global Scam
We didn’t find enough feedback from traders about this dubious organization. Neither positive nor negative. However, there are several honest reviews from expert sources who are also convinced that this broker is a scammer.
How to Avoid a Sophisticated Scam Scheme
Knowledge is power. And also a way to avoid scammers. Any fraudulent scheme can be revealed through meticulous research. Check the regulation data, look for feedback from investors, inspect the compliance of the broker’s proposals and laws. No one is immune to scams, so it’s best always to choose brokers with a 5-star rating.
Scammed by ZMarket Global? — Tell Us Your Story
If you have any broker complaints or withdrawal issues, please contact our managers via Online Chat to apply for free assistance. Our experts never remain indifferent to people’s personal stories and are always here to help you get your money back and faith in honest trading.
But What is a Chargeback?
Each recovery funds company performs dozens of chargebacks every month to help scam victims get their money back quickly and effortlessly. We will help you collect strong evidence and file a claim against a broker. Chargeback is a modern way of dealing with thieves that allows you to avoid initiating a lawsuit.
What Is ZMarket Global?
This is a fraudulent organization that should be avoided when starting a trading activity.
Is ZMarket Global A Scam Broker?
Yes. In addition to negative feedback from disappointed customers, the reliable French regulator regarded the company as a 100% fraud.
Is ZMarket Global Regulated?
No, we have not found any trace of organization in the databases of reliable regulators.