Is Zigber com a reliable and safe trading platform. No, despite boasting a polished website and comprehensive legal documentation. The main problem with this broker is the domain in which it operates – Saint Vincent and the Grenadines (SVG).
This domain is infamous for housing countless cyber scammers and fake brokers. Please read our entire Zigber com Review to find out the truth about this offshore trading scam.
Zigber com is not a regulated broker. The company running the brokerage, Belana Group LLC, is based in the offshore domain of SVG, which is a huge red flag. Any broker spawning from this domain is bad news.
SVG’s Financial Services Authority is not interested in regulating Forex trading, per the regulator’s website. Only the banking sector is regulated but the laws on that island are generally pretty lax. Not an environment you want for safe trading.
Scam!!!! Stay away. Do not try to get your money back.
I recently tried Zigber and was initially impressed with their negative balance protection policy. However, after using their platform for a few weeks, I have serious doubts about their reliability. The platform is slow and often crashes, which has resulted in me losing money due to missed trades. Overall, while their negative balance protection is a positive feature, I cannot recommend Zigber due to other defects.
Zigber com poses as a legitimate broker but in reality, this platform is unregulated and has no trading license, hence all the warnings we found. It seems that Zigber does not use any social media, only email.
Be careful if the scammer tries to invite you to a private WhatsApp chat or Telegram channel. Trading scams can be really cruel so If you need any help recovering your funds, we are at your disposal.
We remind you that the Spanish CNMV issued a warning against Zigber com. All of the other domains from the list fall under the jurisdiction of the European Securities and Markets Authority (ESMA), of which Spain is a part too. This means that if one regulator deems Zigber a scam, the rest will adopt the same stance.
Zigber com’s website claims that there are two different trading platforms available. The first is the world-famous MetaTrader 4, a renowned trading software with a wide array of cutting-edge tools.
Traders using MT4 have in their arsenal advanced features such as automated trading, live market reports, lightning-fast order execution, a customizable interface, improved charting, etc. However, even such a phenomenal trading platform cannot compensate for the fact that Zigber com is unlicensed.
The other platform is WebTrader. As the name suggests, this is a browser-based platform with limited features. There are none of the aforementioned advanced options, just basic charts and graphs.
Yes. Zigber com included a mobile trading app that can be downloaded on both Android and iOS systems. Mobile trading offers several advantages such as trading on the go but it will undoubtedly be in vain if you trade on a rigged platform. Therefore, you best avoid downloading this app and instead find a regulated broker.
Zigber promises the classic selection of the most popular trading instruments and markets:
In terms of trading accounts, Zigber com offers three live account tiers:
The base currencies for all three accounts are EUR & GBP, there is no USD. The shady thing is that Zigber com did not disclose the minimum deposit amounts or account prices. If the VIP account’s spread starts from 1.4 pips, which is pretty much the industry’s average, the other two accounts must offer wider spreads, which are not profitable.
Yes, Zigber.com included a risk-free demo account. However, even scammers sometimes include a demo account simply because they have patience and are willing to let the trader fall into the trap.
The demo account registration page has a Zigber com promo code option, which the broker presumably sends to traders to mark them as potential victims. If you are a victim, we can try to retrieve your funds. It’s better to open an account with a licensed broker.
We already covered that the spreads are not favorable for the Standard & Premium accounts. The former has commissions but Zigber com did not disclose how much they charge per trading lot. As for the leverage, the Standard account can be set at 1:30, which is in line with the regulatory cap for retail clients in Europe and Australia.
However, Zigber com claims on the Home page of the website that traders can trade with a leverage of 1:500. This level is extremely high and risky, especially considering Zigber’s unregulated status.
Highly unlikely. Zigber com did not even list the available payment methods. Deposit and withdrawal fees are unknown as well. Such lack of transparency is reason enough not to trade with Zigber com.
We assume that all payments with this broker go through crypto since it is a method that allows the scammer to remain anonymous, plus it’s extremely hard to trace.
To sum up, Zigber com is an unregulated offshore trading scam. This entity has been blacklisted by several European financial market authorities such as the Dutch AFM for trying to defraud traders from Germany, Spain, Sweden, and Switzerland.
We are strongly against such scammers, which is why we are here to offer you help in getting your money back. Book a free consultation with our team so we could go through your case together. Getting a chargeback is possible!
If this broker stole your money, contact us for help. Book your free consultation today!
Zigber.com is an offshore broker from SVG with no Forex trading license. Do not invest. If you already did, contact us to get your money back.
Zigber com did not disclose the minimum deposit amount requirements.
Yes, Zigber com included both crypto and CFD trading on its platform. Don’t trade with this broker.
Zigber.com is an offshore broker from SVG with no Forex trading license. Do not invest. If you already did, contact us to get your money back.
Zigber com did not disclose the minimum deposit amount requirements.
Yes, Zigber com included both crypto and CFD trading on its platform. Don’t trade with this broker.
The post Zigber com Review: You Cannot Trust This Fraudulent Broker appeared first on Global Fraud Protection.
