ZeMarket Review: Is This A Legit Forex Broker?

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ZeMarket Review
  • Fund Safety
  • Regulation
  • Customer
0.5

Summary

Moreover, it is impossible to tell whether this company has the right set up to protect your funds. Regulatory bodies ensure that companies have segregated accounts in Tier-1 banks before licensing them. Unregulated entities do not have to meet these requirements. 

ZeMarket is a company that tries so hard to put on a professional look. A quick look at the website and you may think it is one of the best forex brokers in the market. However, we can assure you that this is far from the truth. The people behind this platform have no interest in serving your investment needs. You better avoid this company like the plague.

The forex market is now full of companies like ZeMarket. They know that this space is full of eager investors. It takes so little to convince novice traders to invest their money. That is why you need to do enough research before investing. You need to look at the various aspects of the company to see whether it is a trustworthy entity.

ZeMarket Review, ZeMarket Company

Luckily, there are also a lot of legitimate forex brokers in the market. For your peace of mind, invest in the top legitimate forex brokers. Only such companies can help you safeguard and protect your funds.

Zmarket.global Review

ZeMarket tries to attract customers by offering a variety of assets. Here, you can trade forex, stocks, indices, cryptocurrency, and commodities. Having a variety of assets at your disposal is always a good thing. It means that you can spread your risk of investment across various assets.

Additionally, the company promises clients the best trading platform in the market. The company stays true to its word by providing an MT5 trading platform. This is one of the most popular trading platforms among seasoned traders. It is very powerful and makes trading much easier. Additionally, it allows for instant execution.

However, these good features do not mean much when you are investing with scammers. Always ensure that your money is in safe hands before looking at the perks that a company promises to you.

ZeMarket Scam Review, ZeMarket Features

Further, you can tell that this company targets mostly residents of the EU. The website supports English, Russian, Dutch, Spanish, and even Arabic. While this may be helpful, we can assure you that this company provides financial services without clearance. The people behind this platform are running an illegal business, and they know it.

On a good note, though, the company provides various channels to reach customer support. You can reach the support team by giving them a call on +442039663733. Additionally, you can email them at compliance@zmarket.global. However, their live chat option is disappointing. When you click on the chat icon, the company directs you to leave them a message. Moreover, there is no guarantee that the company will respond to any of your queries.

ZeMarket Account Types

There are not a lot of options when it comes to investment plans on Zmarket.global. There are only three account types to choose from. These include the Elementary, Standard, and Premium accounts. These accounts differ depending on the initial deposit required.

The smallest account is the Elementary account. This requires a minimum deposit of $250 to activate. This account gives you spreads starting from as low as 0. Additionally, the account comes with negative balance protection. Interestingly, the company does not reveal the leverage for this account.

The next account is the Standard account. This one accepts an initial deposit of $1,000. This account also has spread from as low as 0. Additionally, clients get negative balance protection. Further, the stop-out level is at 20%. The leverage for this account also remains a secret.

The final account is the Premium account. This accepts an initial deposit of $5,000. It gives clients spreads starting from 0 and leverage of 1:30. Additionally, account holders receive an account manager to help manage their investment.

ZeMarket Founders and Physical Address

Zmarket.global does not introduce us to any of the founders or tea members. The people behind this platform are operating under total anonymity. This is not a surprise. It is common for fraudulent operations to conceal the identities of the people behind the operations. They do this to ensure they do not face the law.

Consequently, we highly advise against investing in mysterious people on the internet. That is always a recipe for disaster. You may end up investing in people with shady backgrounds. Most scammers do not stop after their company gets shut down. They just start a new one while hiding their identities. Stay away from companies that do not operate with full transparency.

In terms of physical location, the company is open about its address. The website gives the address for their headquarters as 1 Rue Hildegard Von Bingen, 1882 Luxembourg. While this is good, we cannot confirm that this is true. Moreover, we have to ask ourselves whether they are in this location legally.

Many companies are offering financial services without a license from a regulatory body. Let’s look at the regulatory status of this company.

Regulation and Fund Safety

As mentioned, ZeMarket operates from Luxembourg. Luckily, Luxembourg has a reliable forex broker to oversee company activities. The body in charge of forex regulations in Luxembourg is Commission de Surveillance du Secteur Financier. Even better, you can query any company on the website to check its registration and regulatory status.

Unsurprisingly, we did not find any results matching ZeMarket. This means that this company is operating in this jurisdiction without a license and regulations. This makes ZeMarket an illegal operation. You do not want to invest in such a company. You may end up losing your funds when the law shuts them down.

Moreover, it is impossible to tell whether this company has the right set up to protect your funds. Regulatory bodies ensure that companies have segregated accounts in Tier-1 banks before licensing them. Unregulated entities do not have to meet these requirements. 

Consequently, this company cannot assure you of your funds’ safety. Moreover, there is no evidence of systems protection. The company does not say the software or hardware they use to protect their systems. This means that hackers can easily access and steal your funds and data. There are just too many ways to lose your money here.

Domain Insight

The official domain for this company is zmarket.global. The registration date for this domain is  2nd October 2020. Therefore, this company has not been in the market that long. It is always better to wait out new companies before investing your cash.

Additionally, the expiry date for this domain is 2nd October 2021. As you can see, the company only took out a one-year registration. This is common in illegal operations. They take out one-year registrations because they do not plan to stick around for long. They disappear as soon as the registration expires.

Final Verdict

We cannot, in our right minds, recommend this company to you. This is not a legal operation. The people behind this operation did not care enough to go through the right channels. They are offering investment services without regulations.

Additionally, the level of transparency on this website is abysmal. We have no idea who is running this operation or what their trading experience looks like. It is much wiser to avoid this company at all costs.

If you are looking for a safe place to invest your money, this is not it. You are better off sticking with the top legitimate forex brokers in the market. Such companies will give you the best services without compromising on your funds’ safety.

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