A site for unregulated investments, zenithbit investment.com is comparable to the one known as Ooki.com, which was investigated before. The problem with unregulated investing platforms is that they are unreliable and misuse the restrictions that are in place to protect investors. Be careful to avoid them at all costs due to the fact that they are anonymous and that they may vanish at any moment without prior warning. Companies that provide investment services online but lack the necessary license are unable to offer their customers any kind of security against potential losses.
Is ZenithBits a Licensed Broker?
The Zenithbit Company is an unlicensed financial services and investment firm. Investors face a significant threat as a result of this scenario since they will have no legal avenues to pursue compensation in the event that the firm goes out of business or a customer is defrauded.
The Financial Ombudsman Service is unable to step in, and the Financial Industry Regulatory Authority would not assist the victim in any way.
Consider it a warning sign as well, given that no respectable broker or investment business would ever operate without a current license in order to provide its services to customers.
Why Should Not You Trust an Unlicensed Broker?
The vast majority of fraudulent investment schemes are either not regulated at all or are governed by an offshore regulatory organization that cannot assist you in the event of a crisis. Bear in mind that if an investment business steals your money, you won’t be able to lodge a complaint about it unless the firm in question has a license issued by an authoritative regulating body.
Is ZenithBits Can Be Trusted?
We have already noticed that they are not regulated and they don’t have any specific contact information to verify them. Also, they have a warning from FCA which will be described in the next section. Should you trust this company?- No.
Warnings From Financial Regulators
The Financial Conduct Authority (FCA) issued a warning against ZenithBits on October 28th, 2022. In this caution, they made it quite apparent that the company in question is not one that they have approved or regulated. This company conducts its business in an unethical manner and mostly solicits customers from the United Kingdom.
What Do Traders Think Of ZenithBits?
It is advised that before investing money in a firm, you first check into what other people are saying about the business in question. This will help you from falling victim to a fraudulent investment scheme.
We did some research on social media platforms and investing forums, and what we discovered was that some people have had a negative experience with Zenithbit Company, and they have written evaluations that are both positive and negative about the company.
It would seem that Zenithbit Company is not a trustworthy investment company; thus, you need to take this into mind before making any investments.
Platform Offered by ZenithBits
ZenithBits does not offer any kind of demo account. So, we don’t have a chance to evaluate what platform they are using.
Country Serving by ZenithBits
ZenithBits is currently operating in the UK, USA, Canada, and Australia. Mostly we get complaints from the UK.
ZenithBits Range of Trading Markets
No specific information was found on the website about their range of markets. But, from a complaint we got, they are offering 1:1000 leverage and it is guaranteed. Remember, no trading company can guarantee that you will get these kinds of unreal leverage. If any company does, then they are just scams.
Minimum Deposit and Withdrawal Terms of ZenithBits
The minimum deposit amount is $500 and there is no withdrawal fee they mentioned. But whenever you try to withdraw the money. They will not let you to do this.
Ways to Make a Deposit
Currently, they are accepting credit/debit cards and mostly prefer bitcoin payment. Remember, bitcoin payments are untraceable and that is why scammers use this method for their transactions. If you see any company provoking you to pay through bitcoin, it surely is a scam. Because, when you will pay through a credit or debit card, there is an option for chargeback and scammers don’t want to get the chargeback or account freezing.
Victim of ZenithBits Scam? Report Your Story To Us.
If you are a victim of ZenithBits’s scam, you can submit a report to us. We will provide you with a free consultation to get your money back. We will provide you with the perfect recommendation of some good recovery companies.