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Zion Forex Broker provides real users with * positive reviews, * neutral reviews and 5 exposure review!

Zion Broker Review

1.47

WikiFX monitor

Business

Influence E

License

No license

Zion Review 5

Latest All(5) Exposure(5)
Exposure
Rough manipulation of the forex market

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.

vladimir delgadillo jesus
2022-06-29
Exposure
Zion scammed all users and we lost everything

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.

Geraldine Angeles Romero
2022-06-29
Exposure
sign with bad intention and liquidating accounts

Brazen robbery with malicious signal manipulation

2022-06-29
Exposure
Unable to Withdraw Funds

I submitted a withdrawal request in September, 2021. I have not received any response from the company nor have I received any funds. The amount of the withdrawal was $500. The following pictures demonstrate that I have an account with the company, that I have the available funds in the account and that I have processed a withdrawal on the date described. l seek a resolution as soon as possible. Thank you!

FX1999484011
2022-04-04
Exposure
scam realtionship

was contacted on facebook. we build a friendship after a few weeks i mentioned my crypto investments. she introduced me to forex and we started working together. i made profit and requested small withdrawal and it was granted but it was onyl through her. i have no way to contact customer service directly. i asked for full withdrawal of account and she said i betrayed her. waiting to see if i will recive my funds. i have been scammed

FX2353882634
2021-06-03

  

Zion 2025 Review: Everything You Need to Know

  Summary: The Zion broker, operating under Zion Global Limited, has garnered mixed reviews in the trading community. While some users appreciate the variety of trading instruments and the use of the popular MetaTrader 4 platform, the absence of regulatory oversight raises significant concerns about safety and trustworthiness. Reports of withdrawal issues and negative user experiences further complicate its reputation.

  Note: It's important to recognize that the Zion broker operates across different regions, which can influence its regulatory status and user experiences. This review synthesizes information from various sources to provide a balanced perspective.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 4
Tools and Resources 5
Customer Service and Support 3
Trading Setup (Experience) 4
Trustworthiness 2
User Experience 3
(Optional) Additional Rating 4

  How We Rate Brokers: Our ratings are based on a comprehensive analysis of user feedback, expert opinions, and factual data regarding the broker's offerings and regulatory status.

  

Broker Overview

  Zion, established approximately 2-5 years ago, operates as an offshore broker under the name Zion Global Limited, with its registered address in Weston-super-Mare, Somerset, United Kingdom. The broker provides access to various financial instruments, including forex, commodities, and indices, primarily through the widely-used MetaTrader 4 (MT4) platform. However, it is crucial to note that Zion lacks proper regulatory oversight, which significantly impacts its credibility.

  

Detailed Breakdown

  •   Regulated Regions: Zion is registered in the UK but operates without any valid regulatory licenses, raising flags about its legitimacy. According to multiple sources, including WikiFX, the broker is unregulated, which poses a higher risk for traders.

  •   Deposit/Withdrawal Currencies: Information regarding specific deposit and withdrawal currencies is limited, but it is suggested that major currencies like USD and EUR may be accepted. However, users have reported difficulties in processing withdrawals, which is a major concern.

  •   Minimum Deposit: The minimum deposit requirement is not explicitly stated across sources, which could indicate a lack of transparency.

  •   Bonuses/Promotions: There is little to no information available regarding bonuses or promotional offers, which is common among unregulated brokers.

  •   Tradeable Asset Classes: Zion offers a range of asset classes, including forex pairs, commodities, and indices. However, the exact number of instruments available remains unclear.

  •   Costs (Spreads, Fees, Commissions): Zion reportedly offers competitive spreads starting from 0 pips for certain instruments, but there is a lack of clarity regarding additional commission fees. This lack of transparency can lead to unexpected costs for traders.

  •   Leverage: The leverage options provided by Zion are not well-defined, which could deter traders looking for specific leverage ratios.

  •   Allowed Trading Platforms: The primary trading platform available is MetaTrader 4 (MT4), which is favored by many traders for its user-friendly interface and comprehensive tools.

  •   Restricted Regions: Zion does not clearly outline any regions where its services are restricted, but the lack of regulation suggests that traders from jurisdictions requiring brokers to be licensed should exercise caution.

  •   Available Customer Service Languages: Customer support appears limited, with English being the primary language. Users have reported difficulties in reaching customer service, which is a significant drawback.

      

  

Ratings Recap

Category Rating (out of 10)
Account Conditions 4
Tools and Resources 5
Customer Service and Support 3
Trading Setup (Experience) 4
Trustworthiness 2
User Experience 3
(Optional) Additional Rating 4

  

Detailed Analysis

  •   Account Conditions (Rating: 4/10): Users have expressed dissatisfaction with the account conditions, particularly regarding the lack of transparency in minimum deposit requirements and withdrawal processes. The absence of varied account types further limits user options.

  •   Tools and Resources (Rating: 5/10): While Zion offers the MetaTrader 4 platform, which is known for its robust trading features, the broker lacks additional tools that could enhance the trading experience, such as advanced charting options and educational resources.

  •   Customer Service and Support (Rating: 3/10): Customer service has been a point of contention, with reports indicating slow response times and limited support channels. The absence of live chat and 24/7 support is a significant drawback for traders needing immediate assistance.

  •   Trading Setup (Experience) (Rating: 4/10): The trading setup, while functional, lacks the sophistication that active traders may seek. The platform's performance has been described as sluggish, which can hinder trading efficiency.

  •   Trustworthiness (Rating: 2/10): The lack of regulation and numerous negative reports regarding withdrawal issues severely impact Zion's trustworthiness. Many experts and users caution against trading with unregulated brokers due to the heightened risks involved.

  •   User Experience (Rating: 3/10): Overall user experience has been marred by reports of withdrawal difficulties and a lack of transparency. Many users have expressed frustration with the broker's operations, leading to a generally negative perception.

  •   In conclusion, while Zion offers a range of trading instruments and utilizes a popular platform, the significant concerns regarding its regulatory status and user experiences suggest that potential traders should proceed with caution. It is advisable to consider regulated alternatives that provide greater security and transparency in trading operations.