MetaTrader 4
MetaTrader 4 (MT4) is a popular trading platform for Forex and CFDs, offering advanced charting, automated trading via Expert Advisors, and fast, reliable execution.
Runs on
- Web Trader
Details
Is ZenTrade a scam?
Wikilix independent safety report
66%Scam risk
High risk (unverified)Confidence: MEDIUM
2.5/5Safety rating 2.5 out of 5
ZenTrade (zentrade.com) is a high-risk, unregulated offshore broker that has now gone dark, and we could not confirm it is safe to use. It held no financial licence on any regulator register, and its…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Regulation9/10 · CriticalIdentity & transparency7/10 · HighWithdrawals & conduct5/10 · ModerateReputation5/10 · ModerateWebsite claims5/10 · ModerateOperational history6/10 · High
Editorial review
Broker Summary
What Wikilix has recorded about ZenTrade: its history, the licences it holds, its trading conditions and its fees.
Introduction and Overview
The name ZenTrade is also found in the trading broker environment, as cited in various third-party listings in relation to online trading brokers. Being a financial services broker, ZenTrade seems to provide various trading experiences in terms of various asset classes for retail or perhaps institutional clients or customers. Nonetheless, despite being in this market, obtaining more details in relation to ZenTrade has been difficult given that their website, at , is inaccessible for search purposes.
Background and History
As a direct consequence of the unavailability of information from the official ZenTrade website, it is impossible to determine information regarding the establishment and management of the organization. This information is, however, available on third-party review platforms, including FxVerify, with an establishment date of 2006, but it cannot be considered genuine information within the set constraints.
Because of a lack of official information or statements from ZenTrade, details like company headquarters, mission, and history are not known. All of these create a lack of transparency for any prospective customer what-so-ever wishing to investigate a company history or reputation prior to considering a service.
Key Features and Offerings
Generally, trading brokers offer their clients numerous features. These include account options, trading platforms, as well as financial instrument exposure. However, in relation to ZenTrade, there is no official information available from .
Note that according to third-party sources, ZenTrade could provide trading facilities, yet these sources cannot be linked to verification on the website. Thus, there is no way to go into specifics about the technological platform, trade types, and possible account types offered by the broker.
Regulatory Compliance and Licensing
Being regulated is an important aspect when trusting any financial services provider. However, the regulation of ZenTrade cannot be established from its official website since it is inaccessible.
Reviewing sites designed for self-employed brokers have reported that ZenTrade operates without authorization from the premier financial regulatory bodies around the world. The lack of proven regulatory licenses is a warning signal for traders interested in ZenTrade.
Name REGULATOR
Unavailable Unavailable Unverified / Not regulated by top-tier authorities
Trading Conditions and Technology Platform
Trading conditions like spreads, leverage, minimal deposit, and commissions play a crucial role in analyzing how competitive a broker is. However, unfortunately, all of these factors cannot be found on the official website of ZenTrade.
In the same manner, information related to the supported trading platforms, such as the proprietary software, MetaTrader, or mobile trading, of ZenTrade cannot be obtained from the official source. Moreover, some third-party sources provide information about the login portals on other domains, but these are not related to the official domains.
Leverage Not Available Official site
Minimum Deposit Not available Official site inaccessible
Trading Platforms Not available Official website is not
Fee Structure
The
Information regarding fees such as deposit/withdrawal fees, commissions, and inactivity fees is essential for a trader to grasp regarding the cost of using a particular broker. Unfortunately, there is no information regarding the fees associated with using ZenTrade from its official website.
There are no credible reports of fee information provided by third-party sites that would enable a fee comparison or breakdown to be offered.
Withdrawal Fees Not available Official site un
Commission No data available Unauthorized access
Inactivity Fees Not available Official website not
UX and Market Reputation
Trustworthy reviews from users, as well as reputation on the financial markets, can be considered crucial signs of the quality of the provided services, as well as the reliability of the broker. In the case of the broker ZenTrade, reviews from independent sources, as well as aggregator reviews, are cautious about the broker due to the unregulated environment.
Due to the fact that the official website is nonfunctional, it is impossible to find a direct way of acquiring testimonials and official comments on issues such as customer service quality, usability, and trading conditions. This affects the overall market perception, making it quite passive.
Recent Developments
As of the date of writing in 2024, no verified updates/developments related to ZenTrade have been made public through its official portal. There is no information on recent developments related to ZenTrade through any external source.
Lack of formal communication channels,diminishes any chance of monitoring ZenTrade's developments or overall strategy in the dynamically changing financial service sector as well.
Conclusion
Therefore, the summary of the information concerning ZenTrade broker is that it is still a broker that lacks information due to the unavailability of their official site, which is . This lack of information occurs in all the important fields such as the background information, regulatory requirements, trading requirements, fees, among others.
Regulation check
Regulatory Licenses
We have not confirmed any regulation for ZenTrade. Money deposited with an unregulated broker is protected only by the company itself.
No regulation
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for ZenTrade. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Deposits & withdrawals
Funding Methods
6 ways to fund an account.
6 methods
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
| VisaCredit Card1 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Up to 3 days |
| MastercardCredit Card1 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Up to 3 days |
| JCBCredit Card1 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Up to 3 days |
| Bank TransferBank TransferRegional/local bank support varies; AML compliance applies. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Up to 3 days |
Bitcoin (BTC)CryptocurrencyMinimum withdrawal reported as BTC $100; processing times typically within hours. | Not recorded | Not recorded | Not recorded | USD 100Not recorded | Not recorded |
Tether (USDT)CryptocurrencyMinimum withdrawal reported as USDT $10; processing times typically within hours. | Not recorded | Not recorded | Not recorded | USD 10Not recorded | Not recorded |
Broker's notes on these methods
- Standard AML compliance applies; refunds must be returned to the same card before other withdrawal methods can be used. · applies to 3 methods
Trading software
Trading Platforms
One trading platform on record: MetaTrader 4.
1 platform
Legal entities
Corporate Network
One legal entity behind the ZenTrade brand.
1 entity
- ZenTradeActiveMarshall Islands
Company registry check
Company Registration
ZenTrade names Zen Trade Premier (Marshall Island) Ltd as the operating company. We could not confirm that registration on the registry.
Not confirmed on registry
- Legal entity
- Zen Trade Premier (Marshall Island) Ltd
- Jurisdiction
- Marshall Islands
- Registered address
- Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960
Peer comparison
Brokers worth comparing
2 other brokers on the record share what ZenTrade offers — its country, regulator, account types or platforms — set beside it on the same measures.
2 peers
ZenTrade
This recordMarshall Islands · since 2006Wikilix score 32.0RegulationNo RegulationMax leverage1:500Platforms1LicencesNot recordedBridge Markets
Marshall Islands · since 2014· BridgeMarkets LTDWikilix score 34.0RegulationExceededFSCMax leverageNot recordedPlatforms1Licences1USK MARKETS
British Virgin Islands· USK Markets Group LtdWikilix score 32.0RegulationOffshoreMISAMax leverage1:200Platforms1Licences1
Frequently Asked Questions
Frequently Asked Questions
Common questions about ZenTrade
Most Popular Questions
ZenTrade offers customer support via live chat during business hours and email at info@zentrade.com. Support is provided in English, and the broker is based in the Marshall Islands.
Withdrawal processing times vary by method. Credit card and bank transfer withdrawals typically take up to 3 days, while cryptocurrency withdrawals like Bitcoin and Tether are usually completed within a few hours.
ZenTrade requires a minimum deposit of 100 USD. Deposits can be made using various methods including credit cards and cryptocurrencies.
ZenTrade provides access to the MetaTrader 4 platform, which is available as a desktop and web trader.
ZenTrade is not regulated and does not hold any licenses. It is registered in the Marshall Islands but operates without formal regulatory oversight.
Comments
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