ZMarket Global Detailed Review – Is ZMarket Global A Brazen Forex Scam?
Broker status | Unregulated |
Regulated by | Unlicensed brokerage |
Scammers Websites | zmarket.global |
Blacklisted as a Scam by | AMF |
Owned by | N/A |
Headquarters Country | Luxemburg |
Foundation year | N/A |
Supported Platforms | MetaTrader 5, Web |
Minimum Deposit | $200 |
Cryptocurrencies | Forex, Commodities, Indices, Cryptocurrencies, Stocks |
Types of Assets | Yes |
Maximum Leverage | 1:200 |
Free Demo Account | No |
As of May 2023, the broker (zmarket.global) has ceased operations. But you can read the article to avoid falling for similar scammers.
What about ZMarket Global Regulation
The official website of the broker doesn’t contain any information regarding licensing or regulations. We are also not provided with any information about the owners of the company or the organization responsible for managing all processes.Customers are allowed to find out that the main office of the company is in Luxembourg. Does this mean that the broker is regulated by a credible financial authority? We did our own investigation and found no licensing, auditing or regulatory data for ZMarket Global. This indicates that we are dealing illegitimately with a broker.
ZMarket Global Warnings from Financial Regulators
A lack of a company name on the Commission de Surveillance du Secteur Financier databases is the first sign that a broker is unlicensed anonymous. It is responsible for overseeing brokers in Luxembourg. A second significant evidence against the broker was the fact that AMF, a reliable French regulator, blacklisted it on January 10, 2022 due to the lack of a license.
Withdrawing Bonuses and Issues
Can I withdraw funds from a ZMarket broker account? Statistics gathered from customer reviews sites show that only 1/5 customers are satisfied with ZMarket’s services. It is worth taking the chance to work with an unknown foreign organisation. No. Another sign of dishonesty in the company is that they offer bonuses and excessive leverage. The EU laws prohibit any kind of bonus system, and the maximum permissible leverage is 1:30. ZMarket Global likes to ignore laws. There are often promises of bonuses within their terms and conditions. However, the levagere can go up to 1:200.
ZMarket Global Web and Mobile Trading
There are two options for trading platforms available: MetaTrader5 or WebTrader. It is possible to open positions and access all advanced virtual instruments via the mobile and desktop versions. But, if you are looking for the best software, it can be a trick to get you in a trap.
Most Victims are located in France and the UK.
AMF’s interest is directly tied to the number of French victims who are deceived. The majority of clients who have had bad experiences with the broker are French and British citizens. Financial authorities can’t save all victims of scammers. However, they can help prevent new cases. This is why it is important to verify the information of any broker you are interested.
ZMarket Global Scam: Traders
Unfortunately, we didn’t receive enough feedback from traders regarding this dubious organisation. Both positive and negative. Expert sources have also rated this broker as a fraudster.
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Zmarket Global: Video
Below you will find a short video about Zmarket Global. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Zmarket Global!
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FAQ
- 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.
- 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.
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