Is ZenFXLtd a Legitimate or a Scam Broker?
ZenFXLtd has a peaceful-sounding name. However, customers who lose their money to a fake broker are unlikely to feel very calm or Zen. Although Zen and FX seems like an odd pairing, this broker adopted this name hoping to attract customers. Actually, this broker is nothing but a fake, according to the regulator. ZenFXLtd has been flagged by the FCA of the UK and CONSOB of Italy.
We Have Found Problems with ZenFXLtd
Both financial regulators have called out ZenFXLtd as a potential scam. They have no license or oversight. Without a license, there isn’t a way to give customers protection if a broker turns out to be problematic. ZenFXLtd also allegedly engages in manipulative practices or makes misleading statements. This is not something we have come up with–the regulators are issuing warnings about ZenFXLtd.
These Classic Red Flags Indicate ZenFXLtd May Be a Broker Scam
- No license
- No transparency
- Misleading claims
- Flagged by FCA and CONSOB
- Negative reviews
What You Should Do If You Have an Account with ZenFXLtd
If you currently hold an account with ZenFXLtd, close it and demand an immediate withdrawal of all of your funds. If you do not receive a withdrawal from this broker contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!