my.zentrade.com could be a scam, we found several indicators.
Based on the data we can find on the internet about the site, the system automatically gives a rating, such as whether an SSL certificate is used, in which country the site is hosted and whether the site is listed on spam and phishing lists. Even though we have a fairly low rating for the site, that doesn’t mean the site is a scam or fake. Because the review is done automatically, scores may be low or high. We recommend that you manually check each website yourself before purchasing.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Zen Trade is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.