Zuitex (Zuitex.com) is a harsh CFDs, Crypto Currency, and Forex scam broker. After checking out the statistics, its they are committing fraud. With so many negative comments floating around the web, something is amiss. What kind of a broker uses fake website? Cloning a brokerage website is cause for alarm. After receiving numerous email complaints from members, we had to act. Read this exclusive ZUITEX review for more details.
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After getting some few complaints from investors, we want to state the obvious. Zuitex is planning to steal funds from anyone who signs up. Once you sign up and deposit funds, it’s the last you hear from them. Why would a broker offer empty claims and promises? Simply compel users to sign up with their lousy platform. Anyone who signs up with this broker is bound to make losses. Why do newbie investors fall for rogue brokers? A couple of notable reasons should be known.
Most newbie investors sign up with a broker without conducting a proper research. What should newbie investors do? By reading reviews, users get a sense of what to expect with any broker. Choosing brokers who have been tested and trusted are always a safe bet. What Zuitex is doing is tarnishing the good trading name. How can investors stay away? Make sure to get the full expose of this rogue broker. Get to know scam tactics used by this scam broker to steal funds.
Landing on their homepage, we can see why most users fall for this platform. What we found odd is lack of proper information regarding ownership. Who are the founding members of this platform? Can we get the names of people running this website? Anonymity is a dangerous partner to associate with.
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Another interesting fact with this platform is sending wrong information. It all boils down to where this platform is actually located. Details are sketchy to say the least, they use different locations. First, they claim to be located in Switzerland, and later claim to be regulated in the U.K. Where are they actually located?
After checking with a few regulatory bodies, its clear Zuitex is not licensed. What we did to confirm this was a fraud was contacting leading regulatory bodies. Why is Zuitex not recognized by regulatory bodies such as CySEC, FCA, NFA, and ASIC? None of these bodies has had any affiliations with this broker. What does this mean? Users are investing funds to an unknown third party. Stay clear of this broker unless you want to lose funds. Make sure to check licensing details.
Professional scam artists think no one will check on their licensing. A true broker will post details of their licensing for all to see. Why hasn’t this broker posted any copies of their licensing certificates? Dealing with a broker who is hiding their credentials is proof they are a scam. Stay away from brokers who share the same characteristics. Stay clear of this broker or else become their next victim.
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What these scammers have done is ensure funding accounts is easy. Depositing funds is fast and quick as expected. Scammers want to get your funds as quickly as possible. Depository channels involve Maestro, Neteller, Skrill, and Visa. Professional scam artists want to have your funds as soon as possible. A huge problem is lack of proper security when making deposits. If you check properly, their website is not SSL Encrypted which is a huge problem.
Withdrawing funds with Zuitex is also another huge problem. Most members have not been able to withdraw funds with this broker. Go for brokers who allow members to make withdrawals. When members ask to withdraw, they are greeted with an alarming message. Zuitex is sending an excuse as to why they can’t make deposits. Brokers should ensure to stay away from any broker who refuses to make withdrawals. In most cases, this is a professional scam outfit based offshore.
They are furnishing members with four different account types. Account types mentioned include Bronze, Silver, Gold, and Professional. What this broker does is entice users into believing they offer educational material. Stay clear of this platform as it’s a certified scam.
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How can funds be safe from a broker who fails to have a known operating base? Hackers can easily gain access to their MT4 platform and steal personal data. Worse still, they can steal your credit card information and buy goods with it. Did you know members are funding the personal account of this broker? Now you know who you are dealing with!
Another perturbing issue we found with this broker is in regards to segregation of accounts. Zuitex does not segregate accounts which is a real problem. Losing funds is easy with this broker since they are pooling assets together. Bankruptcy can occur at any time leading to lose of assets. Stay away from brokers who don’t follow set industry rules. Compensation is also out of the picture.
After checking all the data, it’s clear we are dealing with a rogue broker. Zuitex is a scam which must be exposed by all parties. Signing up with this broker will lead to more misery. Make sure to warn your family and friends from signing up with this platform.
We will be adding Zuitex to our scam blacklist. By doing this, we will be protecting our readers from falling victim to this platform. Mark all their emails as spam to avoid being harassed.
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Wishing you a safe trading experience!
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