The Official Website Of The Zfxtrade.com Cannot Be Accessed Normally At Present. The Company Seems To Have Closed Down. Therefore We Can Only Collect Some Relevant Information For Reference Only.
2022-07-25 UK FCA Warns The Public That Zfxtrade.com Is A Clone Company
On July 25, 2022, The UK Financial Conduct Authority (UK FCA) Issued A Warning Saying That Zfxtrade.com Is A Clone Company. It Also Pointed Out That Zenfinex.com Are Using The Details Of The Company Authorized By The UK FCA To Try To Convince People That They Work For A Real Authorized Company. You Can Visit The Following Website For Details: Https://www.fca.org.uk/news/warnings/zenfinex-clone-fca-authorised-firm
2022-07-26 We Have Reviewed And Confirmed That Zfxtrade.com Is An Unregulated Foreign Exchange Dealer
Zfxtrade.com Claims To Be Registered With The Saint Vincent And The Grenadines Financial Services Authority (SVG FSA) And The UK Department Of Commerce And Industry (CH) With Registration Numbers 138 LLC 2019 And 11077380 Respectively. We Found Results Matching The Registration Numbers In Both The SVG FSA And CH. But Because Neither Agency Shows The Company Website Or Address To Verify The Correctness Of The Registration. In Addition, Neither The SVG FSA Nor The CH Regulates Foreign Exchange Activities Nor Issues Foreign Exchange Business Licenses. In Other Words, Having A Registration Does Not Imply An Authorization To Provide Foreign Exchange Services.
Zfxtrade.com Also Claims To Be A Licensed Dealer Under The Dual Supervision Of The UK Financial Conduct Authority (FCA) And The Seychelles Financial Services Authority (Seychelles FSA), With Regulatory Numbers 816055 And SD092 Respectively. We First Did Not Find A Matching Result For This Broker In The Seychelles FSA. This Means That Zfxtrade.com Provide Financial Services In Seychelles Without Authorization.
Second, We Also Found A Corresponding Result For The Regulatory Number In The FCA. However, The Approved Company-operated Website In The UK FCA Is "http://www.zenfinex.co.uk/". Not "https://zfxtrade.com". This Means Zfxtrade.com May Be Stealing Regulatory Information From A Licensed Company.
Additionally, The UK FCA Has Issued A Warning That Zfxtrade.com Is A Clone Company. And Noted That Zfxtrade.com Are Using Details Of UK FCA Authorised Companies To Try To Convince People That They Work For A Genuine Authorised Company.
The Fact Is Zfxtrade.com Is Not Regulated By Any Regulator. It Is Not Safe To Let This Dealer Hold Or Control Investor Funds And Investors Cannot Be Protected By Any Law. It Is A Fake Trader.
Since It Is Not Possible To Access The Broker's Website At This Time, We Are Also Unable To Obtain More And More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That Zfxtrade.com Currently Do Not Have Any Valid Licenses.
But Most Brokers That Are Not Compliant Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: Zfxtrade.com As A, Unregulated Broker, This Means That The Client's Investment May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold The Company Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, They Are Likely To Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Brokers As Much As Possible When Choosing A Broker.
