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Zentrader

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Operating status: SCAM

Website: https://zentrader.com/en/

Broker violations and abnormal records
  • 2022-05-29 BrokersView has reviewed that Zentrader is an unregulated forex broker

    Zentrader, owned and operated by ΖΤ Μαrkets Limited, claims to be registered with SVG FSA under registration number 25071IBC2018. However, we didn't find any results matching this broker from the registry of SVG FSA. So Zentrader is not overseen by any regulator. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    Zentrader, owned and operated by ΖΤ Μαrkets Limited, claims to be registered with SVG FSA under registration number 25071IBC2018. However, we didn't find any results matching this broker from the registry of SVG FSA. So Zentrader is not overseen by any regulator. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Related Complaints

Q&A

licensed?

Emil Atanasov
United Kingdom
2023-01-17
ANSWER Zentrader is not a licensed or regulated broker even though it states offers that look good to be true. Zentrader claims to be owned and operated by ΖΤ Μαrkets Limited, a company registered with the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number 25071IBC2018. However, we didn't find any results matching this broker from the registry of SVG FSA. Besides, SVG FSA does neither issue licenses for forex trading nor regulate entities engaging in forex services.The truth is, Zentrader is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Zentrader and trade with licensed brokers.
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