Today, in our Zachs Invest review, we have a CFD broker who is generous with slogans and promises. Which trader wouldn’t want to believe that with the help of the company, trading can become a superpower? Who would refuse to cooperate with a firm that offers not to make compromises but to choose only the best? Is it possible to resist starting on a platform whose creators claim that you’re in good hands? In short, a service provider like this is something one can only dream of. Don’t believe the slogans? Neither do we. Moreover, we believe that we are dealing with scammers, and we are going to prove it.
Key Features
- Company Name: Zachs Іnvestment Group
- Website: https://zachsinvest.com/
- Available Contacts: [email protected], [email protected]; +1 289 246 1790
- Foundation: 2024
- Services: Forex/CFD trading
- License: No
- Initial Deposit: $250
From Sign-Up to Payout
We believe that things are not entirely right with the official website of Zachs Invest. This is not about the design, which was carefully worked on by web designers and resulted in a rather decent outcome. However, the content ruins the overall impression. It seems that if, for example, you leave only the header and footer on the main page, it wouldn’t lose any informational value and might even improve. The broker’s owners should really consider whether it’s worth paying for such a result from content managers:
- We have already quoted some of the slogans placed on the homepage. Take a look for yourself, and you’ll see that the texts accompanying them provide no useful information. It’s interesting whether the developers are truly convinced that such an overtly promotional presentation is appropriate here?
- More important and sought-after data, such as contract specifications, were deemed unnecessary to be placed on the website. However, space was made for a glossary and an Assets Index, which 99.9% of traders will never look at.
- There are no issues with self-registration. However, the personal account lacks functionality for submitting documents for verification. Maybe this is a new trend in the Forex/CFD broker industry that we’re not yet aware of? Or perhaps Zachs Invest deliberately ignores KYC and is willing to accept even anonymous users or those who provide fake details during registration?
- The available payment methods only highlight what we’ve mentioned above. You can only deposit and withdraw funds through cryptocurrency transfers. The words “security” and “transparency of operations and financial transactions” apparently mean nothing on this platform.
In short, there’s more than enough here to understand that Zachs Invest and a regulated broker are two very different things. To convince our readers of this, we need a bit more evidence. Gathering it won’t be a problem.
Our Trading Experience With Zachs Invest
The broker didn’t spare any words when describing their trading platform, dedicating a full two sentences. In one, they claim that the terminal will elevate a trader’s capabilities to a new level. In the second, they highlight one of the main advantages of the software — real-time quote transmission to the user. We are certainly curious to know where the creators of Zachs Invest have seen trading software that doesn’t operate in such a mode. It seems that the “specialists” of the broker couldn’t find any other reason to speak highly of the software.
In reality, we are quite familiar with this platform. To be clear, its novelty and undeniable advantages only exist in the fantasy world created by the company’s employees. As far as we recall, it hasn’t undergone any changes in the last 3-4 years and continues to be used only for creating scam platforms.
There are plenty of drawbacks with this terminal:
- Only one quote chart can be displayed in the working area.
- The terminal’s settings, charts, and analysis tools can be adjusted, but they are not saved. Every time the page is reloaded, the configuration process has to be repeated.
- The terminal cannot maintain a stable connection. Even on an active page, the connection to the server drops at regular intervals (approximately once every 10 minutes). After that, the page reloads, and the settings must be re-applied.
- There is no one-click trading mode.
- The market overview cannot be customized to show only the assets that the trader is working with.
- It is impossible to add custom indicators and trading scripts.
Needless to say, such software is a godsend for the broker and a nightmare for the trader. Loading a new chart, reapplying settings, and losing the connection result in wasted time when opening and closing positions. The outcome — at the very least, missed profits, but more often, direct losses for the participant. However, it’s quite likely that the creators of this project aim for exactly that, as the losses of the client become the provider’s profits, serving as the counterparty to the transactions.
The broker offers traders the option to choose from 5 types of trading accounts:
- Starter.
- Cash Flow.
- 2nd Income.
- Early Retirement.
- Legacy.
The creators of the firm felt that it was unnecessary to list all the trading conditions for each of the plans. Instead, they provided clients with information about the minimum deposit, leverage, and, in some cases, spreads.
- To start trading on the Starter account, a deposit of at least $250 is required. This allows for trades with leverage up to 1:100.
- For the Cash Flow account, a deposit of $10,000 is required, enabling leverage of up to 1:200. The minimum spread is 1.5 pips.
- Account holders of the Legacy account, with a balance of at least $250k, will receive leverage from 1:100 to 1:400, with spreads from 0 pips.
The list of options increases for each subsequent account type. However, here too, the webmasters missed something, and it turns out that on the Legacy plan, the trader is promised leverage ranging from 1:100 to 1:400. Which one is actually working has to be figured out in the terminal.
By the way, the trading conditions provide easy confirmation that the project is created by scammers. It’s enough to notice that as the minimum deposit increases, the leverage also increases. Of course, the idea is to make wealthy clients take on more risk, so they lose money faster. The size of the leverage itself, as well as the possibility of receiving bonuses, also suggests that the platform operates without regulatory oversight.
Of course, there are also options such as access to webinars and e-books, special venture offers, and even premium deals (though no one explains what these are). Experienced traders are unlikely to be interested in this, and it’s clearly targeted at beginners who lack their own knowledge and confidence for profitable trading. This scam broker is aimed at this audience, which is easily deceived and persuaded to invest significant sums in dubious projects.
The Reality Check
In the footer of the website, the broker claims that its headquarters are located in the United Kingdom. We assumed that the company had British origins and checked its registration in the Companies House database. However, the search yielded no results, as there is no company with the name starting with Zachs Invest in the British registry.
In the Terms & Conditions, in the section “Governing Law,” there are a few lines where the laws of the country the broker operates under and where disputes with clients are settled should be specified. However, when the document was published, the country’s name was removed, and they forgot to fill in the new one.
We hoped that the registration location could be determined by the support service phone code. It belongs to the Canadian province of Ontario. However, even here, the search in the registry returned no results.
Everything mentioned above shows that the broker operates without official company registration and exists only online. As a result, the platform cannot obtain licenses from any regulator, not even offshore ones, nor sign agreements with liquidity providers or quote providers. This means it cannot act as a trading organizer, so everything the trader sees in their terminal is just an imitation.
A virtual company also cannot open corporate bank accounts or cards. The only payment method used for depositing funds and withdrawals is BTC transfers. Of course, clients will have to forget about the storage of their funds in segregated bank accounts.
Overall, we see all the signs of a scam project operating illegally, without registration or regulation. We would never trust this pseudo-company with our money.
How Long Has Zachs Invest Been in the Game?
There are no direct indications of the broker’s registration date or how long it has been in operation on the website. However, in the footer of Zachs Invest, there is a copyright notice from 2022, and on the homepage, they offer to join a community of 100,000 traders. Obviously, such an audience cannot be gathered in just a couple of months.
However, the company is not registered anywhere and is only represented by the website. Accordingly, it has been operating as long as the domain has existed. We can find the domain registration date through the whois service.
We see that the domain zachsinvest.com was registered on September 16, 2024. However, there is a high probability that the platform began its operations later — in late October, after the last significant change date. In any case, the company’s age is 2-3 months. There is no way that the website was created in 2022, nor that there are 100,000 registered clients.
Why would the company publish misleading information? The answer is simple: they know that users trust projects with “experience” online. Unfortunately, their assumption that no one would check the published details has not been confirmed.
Extra Fraud Indicators
We didn’t expect to find a significant number of Zachs Invest reviews online. But as it turns out, there are none at all, which only confirms our opinion that the broker is just starting out. However, the search was not in vain.
It turns out that on some platforms, people know this company and praise it highly. Guess how much objectivity is present in the “works” of the authors writing about the platform. For example, one comment talks about working in strict accordance with the regulator’s requirements. Yet, no one mentions that the company has no licenses at all. In another review, they try to tell us how safe it is to deposit into accounts opened with this project, forgetting that the company only accepts Bitcoin transfers.
We’ll certainly be happy for the copywriters who got paid by Zachs Invest. Of course, we’d like to see more objectivity, but that’s definitely not found in paid posts and videos.
However, there are objective publications about the broker available. They are posted on a couple of specialized trading portals. Here, experts openly say that the company is fraudulent and only after clients’ money.
Is Zachs Invest the Right Fit?
We hope we’ve convinced everyone who read the Zachs Invest review that the company is a scam. Indeed, the broker operates without registration and license and publishes misleading information on the website. Furthermore, it doesn’t show traders any information about itself or its financial situation. Moreover, even commissions, payment methods, and trading conditions are hidden. In fact, clients cannot form an objective picture of the company, which is exactly what the owners aim for. We believe that the risks of losing everything here are 100%, so we recommend avoiding any cooperation with this platform.
If you are just starting out in trading, absolutely don’t fall for the offers from Zachs Invest. To start earning, they will tell you to deposit at least $10,000, or you’ll face high commissions that could lead to losses. The terminal often works unstably, quotes are delayed, and the administration pays no proper attention to this problem. So why all the advertising? No one wants to deal with a company that looks inexperienced and unsuccessful, so the owners are trying to attract attention from beginners with cheap ads. But once you send your money here, you will inevitably lose it, either through account blocking or losing your deposit to scammers.
I opened an account with Zachs Invest back in December 2024. After 2 weeks, I decided to invest another $2000 and see what happens. I must say, my account manager urged me not to start with more than $1500, but I wanted the extra equity. So far, all is going well, and my account has grow by more than $300, which I am more than happy with. Everyone I interacted with from Zachs Invest was professional and welcoming. No complaints so far.
The platform is a bit slow to load, but other than that I would say that I am pretty satisfied so far. After 2 months, and 2 successful withdrawals, I can say that I have confidence in Zachs Invest to do their job professionally and responsibly. A solid platform overall.
I opened an account with Zachs Invest in December 2024. Everyone I interacted with was professional and friendly. When it came to withdrawing funds, my account manager guided me through the process and ensured the money appeared on my bank statement. So far, I’ve invested $3,000 and I have no complaints. I will keep you posted if anything changes.
May be, this is only little amount.. now they have your trust. Exactly same happened with me but when it come to to bigger amount, you won’t get anything back. Never share your wallet 12 digit passcode. They asked me to open my Atomic wallet 12 digit passcode through any desk then they transferred my $25,633 to their account.
So be careful. Initially they will do the trick to gain the trust.