WikiFX Scam Alert: FCA Warns Against ZINOXTRADING-FX!!!

To make things straight from the very beginning, on our next screenshot you may check the recent warning issued on December 8th against ZINOXTRADING-FX by the Financial Conduct Authority (FCA) in the UK. The FCA, one of the best financial regulatory bodies in the world, has found reasons to distrust this broker and has issued a warning on it – something that can definitely damage the reputation of even the best of brokers. Take a look (source: https://www.fca.org.uk/news/warnings/zinoxtrading-fx)

According to the FCA, ZINOXTRADING-FX is not authorized to offer financial services in the UK. In fact, the FCA has stated that this is not a licensed broker and therefore you would not be entitled to any protections. Such warnings prove with almost absolute certainty that a company is running some sort of scam – so refrain from choosing shady enterprises that have received the negative attention of reputable financial authorities like the FCA. The only way to be sure that your investment is in good hands and that you would be treated fairly and in accordance with all laws would be to turn to a licensed, legitimate broker.

WikiFX also made an attempt to visit the broker's official website to find out more information.

As with virtually all scam websites, your only payment option with ZINOXTRADING-FX turned out to be crypto coins – namely BTC And USDT. And that is quite understandable given the fact that a crypto transaction will remain more or less anonymous – you can never tell for sure to whom exactly the bitcoin wallet you are sending your cash actually belongs – but more importantly, it will remain 100% irreversible, which kind of explains why scammers like ZINOXTRADING-FX prefer that you pay that way. ZINOXTRADING-FX apparently limit customers options for chargebacks if things go wrong!

In conclusion, trusting a broker like ZINOXTRADING-FX is simply not worth it – you will certainly end up robbed. The so-called brokerage is nothing more than an outright scam, which is in the spotlight of a recent investigation by the British financial authorities, who have already blacklisted the website for targeting UK customers without proper authorization.

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!