The broker featured in today’s review, Zinzenova, can hardly be considered top-tier. Yet, it boldly calls itself a “catalyst for trader progress” and claims to be operated by an industry leader. However, the platform’s owners seem to have done everything possible to make it clear that the project was created by scammers. Any money deposited into trading accounts here is unlikely to ever return. Still in doubt? Then the materials below are for you.
Key Features
- Company Name: Zinzenova
- Website: zinzenova.com
- Available Contacts: [email protected], [email protected]
- Foundation: 2024
- Services: Forex/CFD trading
- License: No
- Initial Deposit: $10,000
From Sign-Up to Payout
It appears the developers of Zinzenova’s official website assumed that success only required copying the template used by the well-known broker IC Markets. Unfortunately, the result looks cheap and riddled with problems, including:
- The “Terms & Conditions” document lacks even basic mentions of user rights, obligations, or trading processes. Meanwhile, the “Jurisdiction Policy” resembles a list of marketing slogans rather than an official document.
- Each market description spans just a couple of sentences, with no contract specifications in sight. This makes the entire section practically useless.
- Registering and accessing the personal dashboard is straightforward, but surprises await. For example, deposits are handled via third-party systems, where recipient details are shady. In the MasterPay system, payments are directed to an individual with the alias Grafika_T — hardly a professional setup for a broker.
- The trading conditions provided on the website are inconsistent, which we’ll delve into later.
These are just a few examples. You can uncover more inconsistencies simply by browsing the Zinzenova’s website. It seems this so-called “Next-gen Forex Brokerage” offers little hope for legitimate traders. Or perhaps this is just another typical scam project (which seems more likely).
Our Trading Experience With Zinzenova
The Zinzenova team didn’t put much effort into detailing their trading software. Instead, they provide access to a demo platform with limited functionality. We tested this software using an active account, and while it’s based on TradingView, it leaves much to be desired.
Using an active account, we were able to test all the functions of the program. Despite being built on the TradingView widget, it’s hard to agree that the platform can meet all traders’ needs. The main issue is that this terminal has far more drawbacks than advantages:
- Looking at the Bid/Ask prices in the market overview, users might genuinely believe in zero spreads. However, this is nothing more than a trick by the broker. It allows opening long and short positions at the same price, but the spread specified in the contract parameters, which is clearly not zero, is charged without fail. It only raises the question: what does the company understand by the term “spread,” since their interpretation seems far from the classic definition?
- The software does not support multi-chart mode. Imagine the time lost for a client managing a portfolio of assets when they must select each one individually in a fast-paced market. We believe further explanation of how this could affect trading isn’t necessary.
- There’s no one-click trading mode in the terminal settings. This means that opening or closing positions takes more time. Naturally, in a highly dynamic market or when employing certain strategies (e.g., scalping), such delays can lead to missed profits or actual losses.
- The use of TradingView charts might mislead traders wishing to apply custom tools. The platform does not allow for the integration of indicators or trading robots.
Even this incomplete list gives a clear picture of how far Zinzenova’s terminal falls short compared to platforms like MetaTrader or cTrader. However, it seems the broker is forced to use this platform because better trading software is unavailable to them. The only logical explanation is that the company lacks official registration and cannot purchase software from leading developers.
We also paid attention to the company’s trading conditions. While the broker avoids disclosing all the details, some information is still available on their official website, primarily in the account types table.
Zinzenova offers traders four account types:
- Standard with a minimum deposit of $10,000, leverage up to 1:100, and spreads starting from 2 pips.
- Silver with a minimum deposit of $25,000, leverage up to 1:150, and spreads starting from 1.5 pips.
- Gold with a minimum deposit of $50,000, leverage up to 1:200, and spreads starting from 1 pip.
- VIP, for which the broker does not publish conditions, instead suggesting clients contact the company’s representatives.
We previously mentioned numerous contradictions in the firm’s trading conditions. Indeed, banners claim traders can start with a minimum deposit of $250, spreads from 0, and leverage up to 1:1000. Judging by the account types table, this is nothing more than a marketing trick.
Most beginners do not thoroughly review the official website and thus overlook these account details. Moreover, no choice of account type is offered during registration. This indicates that the broker deliberately misleads potential clients. Do you think they’ll act honestly in other aspects?
The Reality Check
The owners of Zinzenova provide minimal information about the company and its legal foundation for operations on their official website. However, the authors of the aforementioned Jurisdiction Policy document stepped in to assist traders. According to it, the company, headquartered in the UK, has been operating in the market for over 10 years. Such a statement is hard to ignore, so we verified whether the firm is listed in the Companies House database.
It turned out that the company has no UK registration. The text also lists several other countries where the broker allegedly has offices, and the contact section even includes a dedicated email address for Canadian clients. The accuracy of these claims can be easily verified using the Open Corporates service, which contains information on over 222 million companies worldwide.
Unfortunately, this search also yielded no results. Moreover, Zinzenova is not listed among the brokers registered with the Financial Commission, whose logo the company prominently displays in the footer of its website. The Financial Commission’s website features a warning stating that the company is using their logo unlawfully and is, in fact, a fraudulent project. This means that any claims about compensation funds from this self-regulatory organization are also fake.
What do these facts indicate?
- The broker is not officially registered anywhere. It provides services exclusively online, using its website as a platform.
- It does not hold any licenses for providing brokerage or dealer services. A virtual company without official registration simply cannot obtain them.
- The pseudo-firm is unable to open corporate bank accounts or cards. As a result, payments are accepted by unknown entities, leaving no guarantee of safe client fund storage.
- The source of the quotes received and transmitted by the platform is unknown. It is certainly not an official provider, as such entities do not work with virtual companies like websites.
- The sole liquidity provider is the broker itself. Naturally, there is no real trading involved — what they offer is merely simulated transactions.
This also reinforces our earlier point about Zinzenova’s inability to access quality trading platforms. Software developers only sign contracts with companies that have official registration.
How Long Has Zinzenova Been in the Game?
The project owners also refrain from publishing details about the company’s registration date. However, we do remember the claim of “10 years” mentioned in the Jurisdiction Policy. This is modestly supported by the copyright date in the footer, which is marked as 2014. To verify this information, we used the Whois service, specifically checking the domain registration date.
The service revealed that the operational domain, zinzenova.com, was registered on November 20, 2024. This means the broker has existed online for just two months. That’s quite a bit shorter than 10 years, and the claim of such a long-standing company history turned out to be a blatant fake.
Extra Fraud Indicators
Two months is not a long time for a broker to exist, but the company hasn’t wasted any time. They’ve already commissioned over 40 Zinzenova reviews on the website reviews.io and a number of articles in online media. Both types of publications were clearly written by authors who faithfully executed the instructions of the project’s owners, attempting to create an overly positive image. Unfortunately, most of these writers didn’t take the time to thoroughly research the subject, and some merely copied earlier posts and comments.
Trading and investment-related portals, however, were more objective. Authors on these resources didn’t overlook the key facts: operating without registration or a license, false information on the website, and contradictory trading conditions. Unsurprisingly, their assessments were highly critical, labeling the broker as a scam and advising against working with it.
Is Zinzenova the Right Fit?
Based on the materials gathered for the review, we can confidently assert that this broker is unregistered and operates without a license. Other evidence of fraudulent activity includes false claims about the company’s age, lack of payment credentials, and fake trading conditions. Additionally, the company relies on paid publications to create a false reputation online. Considering all these factors, we conclude with 100% certainty that Zinzenova is a scam, and we strongly advise against registering or depositing funds with them.
Stay away from these scammers, they will steal all your money!! Zinzenova deliberately sets up losing trades, with unknown quote sources and an unclear trading terminal. Scammers excel at gaining trust, and you won’t even notice how you end up handing over large sums. I fell for their tricks and lost $30,000. It’s unlikely I’ll recover it. I’m warning you – don’t believe these liars!
The reviews about Zinzenova are confusing, but here’s the truth… Don’t trust positive reviews or articles praising these scammers. They’re all written by the fake broker’s staff or purchased from authors who don’t care if someone loses money. I trusted them and lost $10,000 because nothing they say is true. These scammers never pay out under any circumstances, it’s a complete scam.