Sushil Finance Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
Established reputation with over 40 years of experience in the financial services industry.
Offers a wide range of financial products and services, including equities, mutual funds, and NRI trading.
Provides comprehensive research and insights, along with multiple trading platforms for different user needs.
High brokerage fees compared to discount brokers, which may deter cost-sensitive traders.
Average-rated trading platforms that may not meet the expectations of advanced traders.
Customer support has been reported as lacking in personalization and efficiency, leading to potential delays in issue resolution.
Sushil Finance is a good platform to invest. The team of professionals here are very knowledgeable and have provided me with some very useful insights and advice. Their investment strategies have helped me achieve my financial goals and I would highly recommend Sushil Finance to anyone looking for sound investment advice.
In the swirling landscape of online trading platforms, Zevizo stands out not as a beacon of reliability, but as a potentially perilous choice, particularly for inexperienced traders seeking low-cost entry into the world of forex and CFD trading. Regulatory concerns loom large over this broker, with claims of licenses that are often unverifiable or outright questionable. Such ambiguity, coupled with multiple warnings issued by financial authorities about potential scams, raises significant red flags regarding the safety of funds held with this broker.
Due to its positioning as a clone broker, targeting less informed traders, Zevizo presents serious risks: from difficulties regarding withdrawal processes to fundamental issues surrounding fund safety. As a result, it is primarily recommended that novice traders approach Zevizo with extreme caution. Alternatively, seasoned investors who prioritize regulatory compliance and security should look elsewhere.
Before considering investing with Zevizo, it is essential to be informed about the potential risks involved. Here are important steps to self-verify and safeguard your investments:
How to Self-Verify:
| Dimension | Rating (out of 5) | Justification |
|---|---|---|
| Trustworthiness | 1 | Significant red flags related to regulatory concerns. |
| Trading Costs | 4 | Low commission rates, yet other fees are concerning. |
| Platforms & Tools | 3 | Offers standard trading platforms but lacks superior tools. |
| User Experience | 2 | Mixed feedback indicates possible withdrawal issues. |
| Customer Support | 1 | Poor feedback regarding unresponsive customer service. |
| Account Conditions | 2 | Potential issues with fund accessibility and withdrawal. |
Zevizo Limited, established roughly between 2012 and 2013, is headquartered in the United Kingdom and has rapidly gained a reputation, albeit a dubious one, as a clone broker. With claims of operating under several regulatory licenses, many of these have been proven unsubstantiated upon deeper investigation. Its clout arises chiefly from appealingly low-cost trading options, making it attractive to inexperienced traders who may overlook adequate research.
Zevizo's offerings primarily encompass forex and CFD trading, utilizing popular platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The broker claims to provide a diverse array of trading products, including futures and options, to appeal to its customer base. However, its regulatory status raises questions about the integrity and reliability of the service provided. The FCA has flagged Zevizo as a suspicious clone, contributing to an element of distrust among potential clients.
| Key Details | Information |
|---|---|
| Regulation | Suspended (Clone) |
| Minimum Deposit | €250 |
| Leverage | 1:500 |
| Major Fees | Withdrawal Fees: $30 (complaints) |
Analyzing Zevizo's reliability reveals significant concerns related to its regulatory status and industry credibility.
There are numerous contradictions in the broker's claimed regulatory information, especially given the FCA classifications labeling it as a clone broker. The absence of credible supporting documentation for its licenses greatly elevates the risk for traders who may mistakenly believe they are protected.
To further self-verify, users should:
“I tried to withdraw my funds and faced unexplainable hurdles, leading me to believe that they might be holding my money unjustly.” - Anonymous User
When analyzing the trading costs for Zevizo, there is an interesting contrast between their competitive commissions and other hidden fees that may lurk beneath the surface.
Advantages in Commissions: Many users have praised Zevizo for its low-cost commission structure that initially appears to be a significant benefit for new traders, making it alluring.
The "Traps" of Non-Trading Fees: However, complaints regarding withdrawal fees and charges have surfaced, particularly citing withdrawal fees as high as $30. Users have reported feeling blindsided by these additional costs after signing up.
“They advertised low trading fees but then said I needed to pay $30 for my first withdrawal. I wasnt expecting that at all!” - Anonymous User
Zevizo offers various platforms and tools, catering to both novice and experienced traders.
Platform Diversity: The broker provides access to MetaTrader 4 and MetaTrader 5, which are industry-standard platforms beloved by many traders due to their robust features.
Quality of Tools and Resources: However, reviews suggest a lack of sufficient analytical tools and inadequate educational resources for new traders trying to engage with more complex strategies.
User feedback indicates a contradiction between the ease of use of the platforms versus their capabilities for advanced features:
“It was easy to get started on MT4, but I felt limited when it came to advanced analytics.” - Anonymous User
The user experience tied to Zevizo tends to oscillate dangerously between seamless trading and frustrating limitations.
User Operations: Many users report that the trading platform operates smoothly; however, once it comes to withdrawals, the narrative flips.
Feedback Summary: The experiences reported paint a picture of uncertainty, from initial ease of use to problematic withdrawal processes.
"The platform works well until you ask to withdraw your funds. It's like a different world." - Anonymous User
Customer support for Zevizo demonstrates striking reliability issues, exacerbated by unresponsive communication.
Support Issues: Many users have articulated severe dissatisfaction with the support service, citing extended wait times or no responses to inquiries regarding their accounts.
Acknowledged shortcomings contribute to an overall perception of a lack of transparency and safety in trading with this broker.
“I tried contacting support three times, and only got a generic email reply once. No real help was offered.” - Anonymous User
Conditions tied to account management highlight potential pitfalls for traders utilizing Zevizo.
Accessibility Issues: Concerns surrounding fund accessibility and withdrawal requirements are prevalent. Users have reported encountering obstacles when attempting to withdraw their initial deposit or profits.
The review climate suggests that while opening an account may seem straightforward, operating within the account afterward can lead to complex challenges.
In conclusion, the evidence gathered about Zevizo depicts a banking variant tinged with mistrust and regulatory discontent. While the allure of low-cost trading is tangible, emerging warnings and negative user experiences suggest that engaging with this broker could pose significant risks for both inexperienced traders and seasoned investors alike. Without robust regulatory backing and with multiple red flags regarding user feedback, it's prudent for potential clients to exercise caution and explore more reputable alternatives before making a commitment to Zevizo.
FX Broker Capital Trading Markets Review
