Zenith FinancialGroup Market (or Zenith FinancialGroup) is a contract for difference (CFD) broker with its domain zenithfinancialgroup.org registered on August 17, 2024. The platform claims to provide investors with CFD trading services across various financial markets, including forex, indices, precious metals, energy, commodities, and cryptocurrencies.
Corporate Services
Account Opening
The steps to open an account with Zenith FinancialGroup Market are as follows:
- Visit zenithfinancialgroup.org and click on the "START LIVE TRADING" or the "SIGNUP" button at the top right corner to enter the account application page.
- Fill out the application form with your name, email, and password. Once submitted, the account is successfully created.
- After logging in, users need to complete the KYC verification process to start trading.
Investment Plans
Zenith FinancialGroup Market offers four investment plans: Basic, Silver, Premium, and VIP, each with different investment amounts and expected returns (ROI):
Basic
- Investment Amount: $1,000 — $10,000
- Expected ROI: 15.2% within 24 hours
- Option to copy junior traders
Silver
- Investment Amount: $10,000 — $50,000
- Expected ROI: 18.5% within 24 hours
- Option to copy professional traders
Premium
- Investment Amount: $50,000 — $150,000
- Expected ROI: 25.5% within 24 hours
- Option to copy expert traders
VIP
- Investment Amount: $150,000 and above
- Expected ROI: 35.2% within 24 hours
- Option to copy expert traders
Tips: Traderknows reminds investors that excessively high short-term returns do not align with conventional financial market operations, as financial markets are often volatile and cannot guarantee stable high returns.
Trading Platform
Zenith FinancialGroup Market claims to offer users WebTrader, ZenithFinancialGroup’s own developed trading software, MetaTrader 4/5, and IXSocial trading platforms.
However, trading is actually only possible via the login page on their website, and the site does not provide download links for other trading software. Additionally, MT4/5 platforms do not list this broker.
Deposit and Withdrawal Methods
Zenith FinancialGroup Market supports deposits via cryptocurrencies. For withdrawals, users can choose electronic wallets/cryptocurrencies, credit/debit cards, or bank wire transfers.
Social Media and Contact Information
Although Zenith FinancialGroup Market displays icons for Facebook, Instagram, and Twitter, clicking them reveals they are just static images without any actual links.
Users can contact the broker for customer support through phone, email, WhatsApp, or the online form on their website.
Company Background and Regulation
Company Background
Zenith FinancialGroup Market claims to have been established in 2009, headquartered in the UK as an STP and ECN broker using the trading name Livo Fx, with authorization and regulation in multiple jurisdictions globally.
According to information disclosed on their website, the broker’s company registration entities and respective regulation in several jurisdictions are as follows:
- Livo Fx Trade (SC) Ltd.: Registered in Seychelles, registration number 8423606-1, regulated by the Seychelles Financial Services Authority (FSA), license number SD025.
- Livo Fx Trade B.V.: Registered in Curaçao, registration number 148698(0), regulated by the Central Bank of Curaçao and Sint Maarten (CBCS), license number 0003LSI.
- Livo Fx Trade (VG) Ltd.: Registered in the British Virgin Islands, regulated by the Financial Services Commission (FSC), registration number 2032226, investment business license number SIBA/L/20/1133.
- Livo Fx Trade ZA (PTY) Ltd.: Registered in South Africa, authorized by the Financial Sector Conduct Authority (FSCA), registration number 2020/234138/07, financial service provider number 51024.
Further, the broker also claims to have a corporate entity in Australia, registration number 2018AD947.
Regulation Verification
Upon verification, the Australian Business Register (ABR) does not list any company with registration number 2018AD947.
Further investigation reveals that all the regulatory information claimed by Zenith FinancialGroup Market pertains to two brokers—RaiseFX (50506) and INFINOX (SIA-F188, GB20025832)—who have no connection with Zenith FinancialGroup Market.
Moreover, the content and design of Zenith FinancialGroup Market’s website closely resemble several other broker sites, such as Altragate, First Binary Trade, and Meta Genesis.
Conclusion
Traderknows reminds investors that Zenith FinancialGroup Market neither has a legally registered corporate entity nor proper regulatory supervision, copying regulatory information from other legitimate brokers.
Investors should exercise caution when choosing trading platforms, prioritizing those that are legally regulated and transparent to avoid financial loss and reduce investment risk.
