Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
9/10 · CriticalNo licence on any register while offering forex, CFDs and crypto; based in a jurisdiction with no financial regulator.
Identity & transparency
7/10 · HighOffshore post-box entity, email-only contact, no verifiable registry record and reportedly overstated offices.
Withdrawals & conduct
5/10 · ModerateFund-integrity complaints (blocked or ignored withdrawals) reported across review sites but not confirmed at primary source.
Reputation
5/10 · ModerateMultiple review sites label it unregulated and unsafe, though coverage is secondary and there is no warning naming this exact domain.
Website claims
5/10 · ModerateReportedly claimed London and New York operations while registered only offshore; could not be re-checked because the site is down.
Operational history
6/10 · HighNow defunct; the domain is old but continuous broker activity is only evidenced from around 2020 and the firm has since folded.
Who they are
A quick desk file on the company behind the brand.
- Brand: ZenTrade
- Legal entity: Zen Trade Premier (Marshall Island) Ltd (named by third-party reviews; not independently confirmed on a registry)
- Registered: Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 (an offshore post-box address)
- Website: zentrade.com (now a parked GoDaddy page)
- Only licence: None. No regulator or licence number was found on any register.
- Offers: Forex, CFDs and cryptocurrency trading
- Contact: Email only (info@zentrade.com), per third-party reviews
- Age claim: The domain dates to 2006, but public reviews of the broker only appear from around 2020 to 2023
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
No licence claims on record.
Why we reached this verdict
How the evidence adds up.
We rate ZenTrade high risk, and we could not verify it is safe.
- No regulation anywhere. We found no licence for this broker on any register, and the Marshall Islands has no financial authority that oversees forex firms. An unregulated broker gives clients no protection if things go wrong.
- The broker has disappeared. The site now shows a domain-parking page. When a firm that once held client money simply vanishes, that is a serious warning sign.
- Reported withdrawal problems. Multiple review sites describe clients who could not get their funds back. We treat this as a real concern, but we could not open the underlying complaints at source, so we did not raise the verdict to a confirmed scam.
- Overstated presence. Reviews say the site claimed offices in London and New York while being registered only offshore, which does not add up.
- Why not a stronger verdict. There is no regulator warning naming this exact website, no cloned licence, and no complaint we could confirm first-hand. So the picture is high risk and unverified rather than a proven scam.
Note on operating history: the 20.6-year track record rests on domain registration alone. No company incorporation date could be established, so this is an upper bound rather than a confirmed age.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The domain zentrade.com was first registered on 21 January 2006, per the registry record.
ModerateVerisign RDAPE2The zentrade.com website now resolves to a GoDaddy domain-parking page, showing the broker is no longer operating.
Strongzentrade.comE3No financial licence for this broker was found on any regulator register, and the Marshall Islands has no financial regulator for forex firms.
StrongRegulator registers and multiple independent broker-review sitesE4Multiple independent review sites report clients unable to withdraw funds, with requests ignored or delayed.
ModerateMultiple independent broker-review sitesE5The site reportedly advertised operations in London and New York while being registered only as a Marshall Islands offshore company.
ModerateIndependent broker reviewsE6A UK FCA warning exists for a similarly named firm 'Zen Trade' at zen-trade.org (email support@zen-trade.org, Estonia and London addresses), a different website and operator from zentrade.com; it is recorded here only to show it was not imported as this broker's warning.
E7The operator is described as Zen Trade Premier (Marshall Island) Ltd at a Majuro post-box address, with only an email contact and no accessible corporate-registry record.
ModerateIndependent broker reviews
The other side
The strongest case in this broker’s favour.
In fairness to the broker, here is the case for caution before condemning it outright.
- Being based in the Marshall Islands is not by itself proof of fraud. Some offshore brokers operate for years without stealing from clients.
- The domain is genuinely old (2006), so this is not an obvious fly-by-night that appeared last month.
- The withdrawal complaints we found come from secondary review sites, not from complaint threads we could read in full, and competitor-planted reviews do exist in this industry.
- The UK FCA warning for 'Zen Trade' is about a different website, so it should not be held against zentrade.com.
- A firm going offline can mean a quiet wind-down rather than an exit scam, and we could not retrieve the archived site to tell the two apart.
What would change this
What we would need to see to revise the verdict.
Our view would move if any of the following came to light.
- Toward scam: a regulator warning naming zentrade.com specifically, or first-hand complaints with amounts, dates and ticket numbers showing funds were taken and not returned.
- Toward scam: archived pages proving the site advertised a fake licence or fake London and New York offices.
- Toward safer: evidence the operation wound down and returned client balances in full.
- Toward safer: a genuine, in-force licence on a recognised regulator register tied to this exact entity and website.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Frequently asked questions
Quick answers about this broker’s safety.
Is ZenTrade (zentrade.com) a scam?
We rate it high risk and cannot confirm it is safe. It is unregulated, it has gone offline, and several review sites report clients being unable to withdraw funds. We could not confirm those reports first-hand, so we call it high risk and unverified rather than a proven scam.
Is ZenTrade regulated?
No. We found no licence for this broker on any regulator register. Its stated base, the Marshall Islands, does not have a financial regulator that oversees forex brokers, so there is no meaningful oversight.
Can I still trade or withdraw money on zentrade.com?
The website now shows a domain-parking page, which means the broker appears to be shut down. If you have funds there, treat recovery as urgent and speak to your bank or card provider.
Is my money safe with ZenTrade?
No. With no regulation there is no compensation scheme and no ombudsman to help you. Reports of blocked withdrawals make the risk to deposits very high.
Who owns ZenTrade?
Third-party reviews name the operator as Zen Trade Premier (Marshall Island) Ltd at a post-box address in Majuro. We could not verify this on a public company registry because the Marshall Islands registry is not openly searchable.
How old is ZenTrade?
The domain zentrade.com was registered in 2006, but public reviews of the broker only start around 2020 to 2023. An old domain does not prove a long trading history, so treat the '2006' impression with caution.
Is ZenTrade the same as the 'Zen Trade' on the FCA warning list?
No. The FCA warning for 'Zen Trade' names a different website, zen-trade.org, with a different email and European addresses. That is a separate operation, so we did not count it against zentrade.com.
Is ZenTrade the same as Zentrader?
No. Zentrader (zentrader.com, operated by ZT Markets Limited) is a separate binary-options broker. Despite the similar name, it is a different company and its record is not this broker's.
Is ZenTrade a clone of a well-known broker?
We found no sign that it copies the name or licence of a major regulated firm. It is an unregulated offshore operation in its own right, not a clone.
What does a Marshall Islands registration mean for a broker?
It is a cheap offshore company registration, not a trading licence. It offers no client-fund protection and is not the same as being regulated by an authority such as the FCA, ASIC or CySEC.
What should I do if ZenTrade took my money?
Stop sending any further payments, including fees requested to 'unlock' a withdrawal. Save all records, ask your bank or card provider about a chargeback, and report it to your national financial regulator.
What should I check before depositing with any broker?
Confirm a real, in-force licence on the regulator's own register, check that the licensed entity and website match, read independent reviews for withdrawal complaints, and avoid brokers based only in offshore zones with no regulator.
What we recommend
The practical takeaway from everything above.
Treat ZenTrade as unsafe until proven otherwise.
- Do not deposit money with zentrade.com. The site is offline and the firm is unregulated.
- If you already have funds with them, stop sending more money, especially any 'fee' or 'tax' asked for to release a withdrawal.
- Gather your records (deposit receipts, emails, chat logs) and contact your bank or card provider about a chargeback.
- Report the matter to your national financial regulator and, if crypto was used, to the relevant crypto-scam reporting channels.
- Be wary of anyone who contacts you offering to recover your funds for an upfront fee, which is a common follow-up scam.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 16, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.