Is AGX ZEN Legit or Scam?
AGX ZEN is a trading platform with all the hallmarks of a scam. While they advertise themselves as a globally renowned brokerage with a wide range of features, a closer look reveals a lack of transparency, unrealistic promises, and red flags that point towards an illegal operation.
This AGX ZEN review will delve into the details and expose the reasons why you should avoid this platform altogether.
Company Overview
Regulated by: | Unregulated Broker |
Is This Company Safe? | No, this company displays fraudulent signs so better stay away! |
Known Websites: | |
Have Warnings from: | N/A |
Registered in: | N/A |
Operating since: | September 2023 |
Trading Platforms: | N/A |
Maximum Leverage: | 1:400 |
Minimum Deposit: | $240 |
Deposit Bonus: | No |
Trading Assets: | Forex, Commodities, Indices |
Free Demo Account: | No |
How to Withdraw from This Company? | You will not be able to simply cash in profit. Better consult our legal professionals for help recovering lost funds. |
Services or Products
AGX ZEN advertises a variety of services, including:
- Forex trading
- Commodity trading
- Index trading
However, the functionality of these services is questionable due to the lack of a working platform and unverified tradable assets.
Trading Platform & Leverages
The website boasts a user-friendly trading platform, but there’s no way to access or verify its existence. Leverage information is also contradictory, with account descriptions mentioning 1:10 leverage while the FAQ section claims 1:400.
If you have lost money to companies like ToroTradePro, or GalaxyEX; please report it to us on our report a scam form.
Spreads and Cost of Trading
There is no clear information on spreads or other trading costs. This lack of transparency is a major red flag.
License and Regulations
A critical aspect of AGX ZEN is its complete lack of regulation. Financial regulators like the Financial Conduct Authority (FCA), The Swiss Financial Market Supervisory Authority (FINMA), the Financial Sector Conduct Authority( FSCA), and the Cyprus Securities and Exchange Commission (CySEC) have no record of this company. This absence of oversight poses a significant risk for any potential investor.
Deposit and Withdrawal Methods
AGX ZEN supposedly accepts deposits via credit/debit cards, bank wire, and crypto. However, with no access to the user area and the suspicious focus on crypto, there’s a high chance withdrawals are difficult or impossible.
AGX ZEN Pros and Cons
Pros | Cons |
None | Unregulated |
None | Unrealistic promises |
None | Lack of transparency |
None | Unverifiable features |
None | Potentially high fees |
None | Difficulty withdrawing funds |
None | Poor customer support |
Why Dealing With An Unlicensed Broker Is Risky
Unlicensed brokers like AGX ZEN pose a significant risk to your investment:
- No protection: Without regulation, there’s no guarantee of segregated funds, negative balance protection, or any form of investor protection.
- Scam likelihood: Unlicensed platforms are more likely to be scams designed to steal your money.
- Legal recourse: If scammed, you have little legal recourse against an unregulated entity.
Client Feedback
There are no genuine client reviews available for AGX ZEN. This further strengthens the suspicion of a fraudulent operation.
How Can “ReviewsAdvice” Help You If You Get Scammed
Unfortunately, recovering funds lost to a scam can be difficult. However, “ReviewsAdvice” can offer some guidance:
- Seek legal advice: Consult a lawyer specializing in financial fraud to explore your options.
- Report the scam: Report AGX ZEN to the relevant authorities to help prevent others from falling victim.
We will provide you recovery service recommendations, which will help you in recovering the lost funds or you can report to us today by the below form.
Get Your Money Back from Scammers.
Final Thought
AGX ZEN exhibits all the classic signs of a scam broker. Avoid this platform at all costs. Instead, choose a reputable and licensed broker to ensure a safe and secure trading experience. Remember, if something seems too good to be true, it probably is.
