Zion foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://crm.zion-g-ltd.com/public/register, about the company's legal and temporary regulatory information, the company's address 4D SALISBURY ROAD,WESTON-SUPER-MARE,SOMERSET, UNITEDKINGDOM,BS22 8EW.
Zion Forex Broker
Basic Information
United Kingdom
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
Zion Forex Broker - Complete Information Guide
1. Broker Overview
Zion Global Limited, commonly referred to as Zion broker, operates as an offshore financial services provider specializing in various trading instruments. Established approximately 2 to 5 years ago, the broker is registered in the United Kingdom, with its physical address located at 4D Salisbury Road, Weston-super-Mare, Somerset, United Kingdom, BS22 8EW. The company is privately owned and does not have any publicly traded shares.
Zion broker primarily serves retail and institutional clients, providing access to a wide range of financial markets, including forex, commodities, futures, and indices. The broker aims to cater to self-directed traders and those interested in diversified trading options. Despite its relatively short history, Zion broker has aimed to position itself as a key player in the online trading landscape.
The company has developed a reputation for offering a variety of trading products, although it has faced scrutiny regarding its regulatory status and overall transparency. Zion broker operates under a business model that focuses on retail forex trading, while also providing services that may appeal to institutional clients.
2. Regulatory and Compliance Information
Zion broker currently operates without valid regulation, which raises significant concerns regarding the safety and security of client funds. The broker claims to be associated with the National Futures Association (NFA), but according to various sources, including WikiFX, the regulatory status is marked as unauthorized, with a license number of 0538960. This lack of regulation implies that there is limited oversight and protection for traders engaging with this broker.
The company does not participate in any investor compensation schemes, which further heightens the risk for potential clients. Additionally, Zion broker has not provided detailed information about its Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, leaving potential clients with uncertainties regarding the safety of their investments.
Given these factors, it is crucial for traders to exercise caution when considering Zion broker for their trading activities, especially in light of the potential risks associated with dealing with an unregulated entity.
3. Trading Products and Services
Zion broker offers a diverse array of trading products, primarily focusing on the forex market. The broker provides access to numerous currency pairs, allowing traders to engage in both major and minor pairs. Additionally, the broker offers Contracts for Difference (CFDs) on various asset classes, including:
- Indices: Global stock market indices.
- Commodities: Precious metals such as gold and silver, as well as energy products.
- Cryptocurrencies: A selection of popular digital currencies.
- Stocks: Individual stocks from various markets.
Zion broker claims to frequently update its product offerings, although specific details about the frequency of updates and the introduction of new instruments remain unclear. The broker primarily caters to retail clients but may also have provisions for institutional services, although details on such offerings are not explicitly stated.
The absence of a white-label solution or asset management services indicates that Zion broker's focus is predominantly on retail trading, without extensive institutional capabilities.
4. Trading Platforms and Technology
Zion broker supports the widely recognized MetaTrader 4 (MT4) trading platform, which is available for both desktop and mobile devices. The MT4 platform is favored by many traders for its user-friendly interface, advanced charting capabilities, and extensive range of trading features. However, there is no mention of support for MetaTrader 5 (MT5), which limits the options for traders looking for newer functionalities.
The broker does not appear to offer a proprietary trading platform, and there are no details available regarding a web-based trading platform. Additionally, there is no information about mobile applications for iOS or Android, which could be a drawback for traders who prefer trading on-the-go.
Zion broker utilizes standard execution models, but specifics regarding whether it operates on an ECN, STP, or Market Making basis are not provided. The server location and technical infrastructure details are also not available, which could impact the overall trading experience for clients.
API access and support for automated trading are not mentioned, indicating that the broker may not cater to algorithmic traders or those looking for advanced trading solutions.
5. Account Types and Trading Conditions
Zion broker offers a standard trading account, although specific details regarding minimum deposit requirements, spreads, and commissions are not clearly outlined. The broker does not appear to provide advanced account types such as VIP or professional accounts, which may limit options for experienced traders.
There is no mention of specialized account types, such as Islamic accounts or corporate accounts, which could be important for certain traders. Additionally, information regarding demo accounts is not available, making it difficult for potential clients to test the platform before committing real funds.
Leverage options are not explicitly stated, and it is unclear whether the broker offers varying leverage across different products. The minimum trading lot size and overnight fees are also not detailed, which could affect trading strategies and costs for clients.
6. Fund Management
Zion broker supports various deposit methods, including bank transfers, credit cards, and electronic wallets. However, specific details regarding minimum deposit requirements for different account types are not provided. The broker's deposit processing times and any associated fees are also unclear, which could impact the overall trading experience.
Withdrawal methods and restrictions are not well-documented, leaving potential clients uncertain about how to access their funds. The processing times for withdrawals and any applicable fees are not specified, which is a critical consideration for traders.
Overall, the lack of transparency regarding fund management practices may deter potential clients from engaging with Zion broker.
7. Customer Support and Educational Resources
Zion broker provides customer support primarily through email, with no mention of a live chat option or phone support. This could limit accessibility for clients seeking immediate assistance. The support team's availability and time zone coverage are not specified, which may affect clients in different regions.
The broker reportedly supports multiple languages, although the specific languages offered are not detailed. This could be a limitation for non-English speaking clients.
In terms of educational resources, there is no information available about webinars, tutorials, or eBooks that could aid traders in enhancing their skills. Market analysis services, including daily updates, news, and research reports, are also not mentioned, which could impact traders' decision-making processes.
The absence of trading tools such as calculators, calendars, or signal services may further hinder the trading experience for clients.
8. Regional Coverage and Restrictions
Zion broker primarily targets clients in the United Kingdom and potentially other regions, although specific information regarding its market coverage is not provided. The broker's regional offices are not clearly outlined, which could affect its ability to serve clients in various locations.
There are reports indicating that Zion broker does not accept clients from certain countries, but the specific countries or regions are not disclosed. This could limit accessibility for potential traders.
Overall, the lack of clarity regarding regional coverage and restrictions may pose challenges for clients considering Zion broker for their trading needs.
In conclusion, while Zion broker offers a range of trading products and utilizes a popular trading platform, the lack of regulation, transparency, and comprehensive customer support may raise concerns for potential clients. It is advisable for traders to conduct thorough research and consider their options before engaging with this broker.
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Latest Reviews
Geraldine Angeles Romero
Ecuador
Everything was going well until they offered the opportunity of "Silver membership" which consisted of depositing $100 and more benefits. Since I was in need of financial growth, I took the opportunity. When they sent the signal to trade, we traded, but there was a total loss of money and no response from the brokers. In turn, many users complained about not being able to withdraw their earnings since Friday and now no one has been able to withdraw what was left. In my case, I lost all the money, around $141 and I don't know what to do. I leave the complaint, I don't know if they could help me, but I leave the complaint. Thank you very much.
Exposure
2022-06-29
Ecuador
Brazen robbery with malicious signal manipulation
Exposure
2022-06-29
Zion
News
News WikiFX Review: Something you need to know about Zion.
Zion is an online offshore forex broker currently attracting our eye. In this article, we will analyze the reliability of this broker from different aspects.
vladimir delgadillo jesus
Bolivia
The Zion global limited broker made welcome bonuses to all users. The bonus was an estimated amount of 50usd with which the new ones made purchases and sales with the signals granted by the company. The bonus was only available for a period of 5 days, in those 5 days it was possible to earn from 10 to 15 USD, which were withdrawable with the USDT cryptocurrency through the tron network. After using the bonus it was each person's decision to deposit more and earn more money with signals from the same broker since all signals are earned. This is how the broker tells us to put all the lottery in our account since it charges a commission of 30% to 50% per operation carried out. Thus, last week they began to open gold and silver accounts to convert old users to earn more with a simple deposit of 100 USD in the silver plan and 1000usd in the gold plan. When the broker performed such an action, it canceled the withdrawals of all the users and returned all the withdrawals to the users' balance in order to continue providing the signals for 2 days. On the second day, he sent us a buy signal at a certain point in the market with which all the users bought at the indicated point and minutes after having bought, the price began to move in the opposite direction, taking all the capital invested from all the users. It is with this that the manipulation took all the capital out of the broker's user. the broker sent all the operations of purchase and sale in the currency pair of the NZDUSD.
Exposure
2022-06-29