Zend Trade Review (2023)
About Zend Trade
| 🗺️ Registered in | No Registration |
| 🗺️ Type of License | No License |
| 🛡️ Is Zend Trade safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
Zend Trade is a Forex broker owned and operated by Zend Trade, Inc. The company claims to be located in the USA. The website offers various forex services across the world. The company doesn’t provide any information about its regulation and it doesn’t seem to be licensed in the USA or any other country.
Moreover, New Zealand’s regulator Financial Markets Authority (FMA) has issued a warning against Zend Trade:
“We are concerned Zend Trade has the characteristics of a scam, including offering unrealistic returns and withholding client funds. We recommend exercising caution before dealing with Zend Trade or associated entities.”
Conclusion
We strongly advise traders to avoid such unregulated brokers, especially when there are warnings against them. It is always safer to deal with companies licensed by reputable financial watchdogs such as UK’s FCA or Australia’s ASIC. For example, the license from UK’s Financial Conduct Authority requires EUR 125,000 of capital (aside from client deposits) for the STP license. The regulator also protects customers when authorized financial services firms fail. Traders should trade with well-regulated brokers such as UK brokersor brokers in Australia and reliable brokers such as FBS and BlackBull Markets.