In recent years, the number of online trading platforms has grown significantly, and with it, the risk of falling victim to fraudulent activities. One such platform is the Znzk app, which has been the subject of much controversy and speculation in the trading community. In this article, we will provide an in-depth review of the Znzk app, and assess whether or not it is a scam broker.
Overview
Before diving into the specifics, let’s first take a look at a summary of the key features of the Znzk app:
Feature | Description |
Regulation | Unregulated |
Website | Znzk.com (Currently Unavailable) |
Warning from regulators | Yes (multiple) |
Trustworthiness | Questionable |
Currency pairs offered | Limited (cryptocurrency only) |
Customer support | Poor |
Trading method | Cannot mention due to the website is close |
Reputation among traders | Negative |
Is Znzk app Regulated?
Unfortunately, the Znzk app is not regulated by any financial authority. Though their website is currently unavailable, we found this confirmation from several other resources such as traders’ reviews, online forums, etc.
Their domain is parked for sale from December 2021. From Wayback Machine capture, we found the domain is last captured in 2021. That means they stopped their operation before 2021 and may be planning for a new domain.
Warnings from Financial Regulations
In addition to being unregulated, the Znzk app has also been the subject of warnings from financial regulators in several countries. For example, the Financial Conduct Authority (FCA) in the UK has issued a warning against the platform, stating that it is operating illegally and advising investors to avoid it.
Similar warnings have been issued by financial regulators in other countries, including Australia and Canada. These warnings should not be taken lightly, and investors should be wary of any platform that has been flagged by financial authorities.
Is Znzk app Can Be Trusted?
Given that the Znzk app is unregulated and has been flagged by financial regulators, it is difficult to assess whether or not it can be trusted. However, there are several other factors that suggest that the platform is not trustworthy.
What Kind of Currency Pair Do They Offer?
As mentioned earlier, the Znzk app only offers a limited selection of currency pairs, and these are all cryptocurrencies. This means that investors who are interested in trading traditional currency pairs will need to look elsewhere.
Customer Support
We cannot get info about their customer service contact. Due to the unavailability of their website, we cannot retrieve the information.
Trading Method (MT4 or MT5)
This platform only offers cryptocurrency tokens and it claimed to be a valid platform for exchanges. But, they did not show their proof.
What Do Traders Thinks About Znzk app?
You can find positive and negative feedback. But, if you look at the positive reviews, you can see that their tone and languages are the same. No one said we have withdrawn our money. But the negative one says the details. There are many negative reviews online.
What To Do If You Get Scammed?
If you believe that you have been scammed by the Znzk app or any other trading platform, you can submit your case to us along with contacting other legal authorities. But remember, they can take a long time to respond.
File A Complaint Against Trends Turbo & Get Free Consultation
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
In conclusion, the Znzk app is an unregulated trading platform that has been flagged by financial regulators in multiple countries. The platform’s limited currency pairs, poor customer support, and use of the unsolicited trading method are all red flags.
