In this review, we will describe why ZX Markets is a scam that you should avoid at all cost !
Is ZX Markets Legit?
Looking at ZX Markets website, it shows that they are owned by Global Investment House Limited. Global Investment House Limited is located in the Seychelles, a well-known offshore zone and a preferred location for shady brokerage. ZX Markets is an unregulated broker. Problem with unregulated brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why ZX Markets is a dangerous broker to deal with.
Are Funds Safe with ZX Markets ?
With such lack of information and ZX Markets being unregulated, funds are not safe. Security of funds is a huge problem with unregulated brokers. A red flag that we noticed is ZX Markets is withholding vital information to users.
ZX Markets could go bankrupt from one day to another since there are no banking information about this broker.