Search

For more information about Zion Forex Broker company profile, come to WikiBit!

Rating Index

WikiFX Detection

Business

Influence E

License

No license

Zion Company

  

Zion Company: Comprehensive Overview

  

1. Company Overview

  

Founding Date and Background

  Zion Company, also known as Zion Global Limited, is a forex brokerage firm that has been operational for approximately 2 to 5 years. The exact founding date is not publicly disclosed, but it is recognized as an offshore financial services provider.

  

Parent Company/Ownership Structure

  Zion operates as an independent entity without any publicly disclosed parent company. Its ownership structure remains opaque, which is common among many unregulated brokers.

  

Headquarters Location

  The company's headquarters is located at 4D Salisbury Road, Weston-super-Mare, Somerset, United Kingdom, BS22 8EW. However, it is essential to note that the official website of Zion is currently non-functional, limiting direct access to company information.

  

Global Business Scope

  Zion offers trading services in various financial instruments including forex, commodities, futures, energy, precious metals, indexes, and stocks. The company primarily targets retail traders globally but lacks a well-defined geographical focus due to its unregulated status.

  

Main Regulatory Bodies

  Zion is not regulated by any major financial authority. It has been noted that it is unauthorized by the National Futures Association (NFA) in the United States, raising concerns about its legitimacy and operational practices.

  

2. Company History and Development

  

Key Milestones

  While specific milestones in Zion's history are not well-documented, its establishment as a trading platform in the competitive forex market reflects a growing trend of unregulated brokers catering to retail traders.

  

Business Expansion Journey

  Zion's business model appears to focus on providing access to a diverse range of financial instruments. However, its lack of regulation and transparency may hinder its ability to expand effectively in regulated markets.

  

Customer Base Growth

  The company's customer base is primarily composed of retail traders, but there are reports of difficulties with withdrawals and potential scams, which could adversely affect customer retention and growth.

  

Platform Development History

  Zion offers trading through the MetaTrader 4 (MT4) platform, a widely used trading software in the forex industry. However, there is no information available regarding the development of proprietary platforms or additional trading tools.

  

Important Awards or Recognitions Received

  As of now, there are no known awards or recognitions that Zion has received, which is not uncommon for unregulated brokers.

  

3. Trading Services Offered

  

Forex Trading Options

  Zion provides access to a variety of forex currency pairs, although the exact number of pairs offered is not specified. The platform claims to have competitive spreads, starting from 0 pips for certain pairs.

  

Stock Trading Options

  The company allows trading in individual stocks, although specific details regarding the number of stocks available or the markets covered are not provided.

  

CFD Trading Products

  Zion offers Contracts for Difference (CFDs) on various instruments, enabling traders to speculate on price movements without owning the underlying assets.

  

Other Financial Instruments

  In addition to forex and stocks, Zion offers trading in commodities (such as oil and gold), futures contracts, precious metals, and stock market indexes. The inclusion of cryptocurrencies is not explicitly mentioned, indicating limited offerings in this area.

  

Special Services or Unique Advantages

  Zion claims to provide a user-friendly trading experience through the MT4 platform, which is known for its advanced charting tools and trading features. However, the lack of regulation and transparency raises concerns about the security of client funds.

  

  

Detailed Regulatory Information

  Zion operates without valid regulatory oversight. The NFA has not authorized Zion, and the company does not appear to be registered with any other major regulatory bodies, which poses significant risks for traders.

  

  Zion is registered in the United Kingdom but operates in an unregulated capacity. Its legal entity structure is not transparent, which complicates accountability and oversight.

  

Client Fund Protection Measures

  There are no known client fund protection measures in place for Zion's customers. This lack of protection is a critical concern, especially in the event of insolvency or fraudulent activities.

  

Countries/Regions Served

  Zion claims to serve a global clientele, but its unregulated status may limit its ability to operate in certain jurisdictions where regulatory compliance is mandatory.

  

Compliance History

  Zion has been flagged for potential fraudulent activities by regulatory bodies, including the UK Financial Conduct Authority (FCA). Such warnings contribute to a negative compliance history and raise red flags for potential investors.

  

5. Competitive Landscape

  

3-5 Main Competitors

  • Axi: A regulated broker offering a wide range of trading instruments and competitive trading conditions.
  • IronFX: A globally recognized broker with a diverse product offering, though it has faced past regulatory issues.
  • ThinkMarkets: A reputable broker known for its strong track record and variety of trading instruments.
  •   

    Positioning in the Industry

      Zion positions itself as an offshore broker targeting retail traders. However, its lack of regulation and reports of withdrawal issues place it at a disadvantage compared to competitors that prioritize regulatory compliance and client protection.

      

    Market Differentiation Factors

      Zion's primary differentiation factor is its offering of a wide range of financial instruments and the use of the popular MT4 trading platform. However, the absence of regulation and transparency significantly undermines its competitive edge.

      

    Conclusion

      Zion Company presents itself as a provider of various trading services in an unregulated environment. While it offers access to diverse financial instruments and the widely used MT4 platform, the lack of regulatory oversight, transparency, and reports of withdrawal issues raise significant concerns for potential traders. Individuals considering trading with Zion are strongly advised to conduct thorough research and consider the risks associated with unregulated brokers.

      For more information on trading safely and securely, please visit [learn more].

      [Back to top]

Zion Similar Companies Brokers

Explore broker companies: forex/fx trading, investment, and global limited. Check company details.