Every trader is searching for a reliable and trustworthy broker to start trading in the financial market. It is significant to know whether the broker is legitimate or a scam before going ahead to invest your hard-earned money with them. znzkltd is a trading broker that has recently aroused interest in the trading community through its unique offers. However, the big question is, is znzkltd a genuine broker or a scam?
Overview
znzkltd is a trading brokerage company that provides traders with the opportunity to trade in various financial instruments, such as stocks, currencies, commodities, and indices, through the MetaTrader 4 (MT4) platform. The broker offers various account types to trade and also provides an Islamic account for Muslim traders.
From the information on their website, znzkltd markets itself as a retail foreign exchange brokerage that is dedicated to providing trading services to both new and experienced traders.
Is znzkltd Regulated?
The most important aspect to consider when choosing a broker is whether or not they are regulated. Upon investigation, it was found that there is no information available on their website that suggests they are regulated. We tried to find this information through their customer service, but they are also not responsive. It is clear that they are not regulated.
Warnings From Financial Regulators
In reviewing the management team of znzkltd, no information can be found related to their previous experience in the finance industry or any other related business. As information can’t be found in their regulation, it suggested that the broker operates without a valid license.
The Financial Conduct Authority (FCA) has previously issued warnings related to this platform. znzkltd has been included in the list of companies that hoax people impersonating FCA-regulated and authorized individuals.
What Currency Pairs Do They Offer?
znzkltd provides traders with the ability to trade 33 forex currency pairs, commodities, indices, and stocks. This offering means there is a significant range of trading opportunities on offer.
Customer Support
To determine the quality of customer support, znzkltd has a contact page on its website that provides various contact methods, including email, phone, and a live chat feature.
However, it is important to note that there are no clear details concerning the company’s physical location available on the website. In addition, the live chat feature does not work, which raises further concerns.
Trading Method (MT4/MT5/Other Method)
znzkltd provides traders with the MetaTrader4 (MT4) trading platform, one of the most popular trading platforms in the industry. MT4 is known for its reliability and user-friendly interface, making it a favourite of traders globally.
What Do Traders Think About znzkltd?
Traders review and provide feedback about the quality of the service and the trading experience from a broker. In reviewing znzkltd’s registered trader’s reviews, the general consensus shows that the broker is a scam. The experience of most traders is that it is difficult to withdraw funds from the platform, and customer support is not professional or helpful in resolving issues.
What To Do If You Get Scammed?
If you get scammed by znzkltd or any other broker, it is essential to take swift action to recover lost funds. The first step would be to report any fraudulent activities to the relevant regulatory bodies.
Additionally, you should contact us. We will provide you with a free consultation and service recommendations to help you in recovering the lost fund.
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We will contact you quickly and will provide you with a free consultation and service recommendation. It will help you to get your money back.
Final Thoughts
Due to znzkltd’s lack of regulation, warnings from financial regulators, and negative reviews from traders, it can be concluded that znzkltd is a scam. It is advisable not to invest your funds with an unregulated broker, as it exposes you to significant risks. We strongly recommend you avoid trading with znzkltd and rather select a regulated broker with a proven track record of providing excellent customer service and a transparent trading environment.
