Score

1.45 /10
Danger

ZXG

Belize

2-5 years

Suspicious Regulatory License

High potential risk

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Comparison

Quantity 3

Exposure

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Website

Score

Regulatory Index0.00

Business Index6.57

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

ZADA XMAS GLOBE MARKETS LIMITED

Company Abbreviation

ZXG

Platform registered country and region

Belize

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-12
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Pyramid scheme complaint
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ZXG · Company summary

General Information & Regulation

ZADA XMAS GLOBE MARKETS LIMITED (ZXG, for short) is a private company, registered at Companies House under the number 13164819. ZADA XMAS GLOBE MARKETS LIMITED was incorporated on 28 January 2021 with a registered office address based in Belize. ZXG is not subject to any regulation, so investors should be careful to trade with this broker.

Market Instruments

ZXG provides traders with more than 55 forex currency pairs, and a series of CFDs on commodities, precious metals, energy and indices.

Account Types

There are two account options on offer on the ZXG platform, the Micro and the Standard account. however, the minimum deposit of both accounts is not fully undisclosed.

Leverage

The trading leverage offered by ZXG is up to 1:1000, which is super high. ZXG, as an unregulated brokers, provides such high leverage, so it largely can be a scam scheme. Investors should use leverage with caution, because leverage can increase profit as well as risk.

Spreads& Commission

The trading condition involving spreads and commissions is unknown. However, the benchmark EUR/USD spread provided by most brokers is between 1.1 pips and 1.5 pips and spreads above this level could increases traders transaction fees.

Trading Platform

ZXG provides the classic MetaTrader4 (MT4) for its traders. MT4 is preferred by most traders in the world, for it is in-built with a large number of technical indicators, 9 timeframes, an users-friendly interface, equipped with EA (expert advisor) for automated trading, suitable for both novices and seasoned traders.

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User comment

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Comments

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FX1102558214
more than one year
ZXG is a terrible platform, I see its website is dead and there are still some victims on wikifx. Hope they can recover the funds sooner.
ZXG is a terrible platform, I see its website is dead and there are still some victims on wikifx. Hope they can recover the funds sooner.
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2022-12-07 11:05
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