AGX ZEN Review – Legal By No Standards!

Market insight and trading knowledge, promising software and lowest costs are mentioned as some of the most notable advantages of trading with this firm. What the shallow and incomplete website fails to mention is everything else of importance. 

For instance, there’s no way to determine where the company operates from, and how they are licensed. We fear that the firm in question is a completely illegal entity and the purpose of this AGX ZEN review is investigating that issue.

Unknown to Authorities

In order to present itself as a globally renowned brokerage conglomerate, the fraudsters have posted several addresses on their website. This one firm supposedly has offices in South Africa, UK, Switzerland, Cyprus and other countries. 

Unfortunately, they do not fool our experienced investigators that have looked through several databases of regulators in charge of supervising the markets in the mentioned nations. Neither one of them, including FCA, FINMA, FSCA and CySEC have no data on this anonymous firm. 

If you’re still pondering on whether to invest here or not, we can tell you immediately to consider other options. With this faux financial services provider you cannot expect data safety, segregation of funds and any compensation plan. This domain is no different than malicious, blacklisted entities like ViaChains, for instance.

Where the Victims Live

It’s no secret that illegally operating trading platforms tend to easily try and reach as many potential investors as possible with the help of boiler room campaigns. The scam agents are quick to locate their targets on social networks, and particular focus is placed on less experienced Forex traders. 

So far, the majority of the victims reporting to be defrauded by the AGX ZEN scam originate from these countries:

It doesn’t take a rocket scientist to acknowledge the fact that the schemers behind this domain are not new at scamming decent investors. Although the website dates from September 2023, they already seem very experienced, skilled and knowledgeable of efficient scam strategies.

Prices and Claims You Can’t Trust

Everything is at your disposal, a variety of services exist to help you become rich overnight and they’re all completely free! How great is that?! It maybe would be, if it was true. Any reasonable human being would immediately know such statements have no relation with reality. 

So all the claims about the free services and commission-free trading and funding are most probably fake. Being just a part of the promotional campaign these affirmations serve to attract victims. The fraudsters aren’t even honest about the trading conditions. In the account types, the maximum leverage is 1:10, while the FAQ says that ratio is 1:400!

What Trading Features to Expect

Out of everything we had a chance to see and test on the website, there’s nothing that stands out. Since no registration is possible at the moment, we couldn’t access the majority of the features, including the platform. On the other hand, there’s some other options for several account types, but all seem just unreasonably overpriced. 

Terminal With Questionable Existence

The comprehensive, intuitive, rich with features and user-friendly AGX ZEN platform is advertised as if it was a true technological wonder. The first red flag is the fact that no download links are provided. 

The software allegedly has versions that support web and mobile trading but neither options could be accessed. Without an account, you can try and get to the platform but you will repeatedly be returned to the login page. 

If the broker dealer had nothing to hide, they’d be glad to provide viewers with the chance to marvel at their technological achievement. However, access to this platform is locked.

Several Asset Groups

There’s no guarantee that these tradable asset groups are anyhow available except as a promise on the website. Since there’s no platform to confirm their availability, we could only rely on what the site itself claims. Even in that case, the enabled products are very few in numbers, divided into these groups:

• Forex (EUR/USD, EUR/GBP, USD/JPY)
• Commodities (Sugar, Coffee, Cotton)
• Indices (S&P 500, DAX, CAC)

Accounts Promise Much

Account creating option is not functional at the moment, for whatever reason. All of these packages allegedly feature negative balance insurance, low leverage of 1:10 and personal account manager.

Are they affordable, though? No, not at all. Do they really provide what they’re selling? Of course not. Not even the minimum deposit requirement is the same as FAQs claim. Take a look at the prices and everything will become crystal clear:

• Mini – 2,500$
• Green – 5,000$
• Premium – 25,000$+

Are Payouts Possible?

At first, the way the fraudsters assure their victims, the withdrawals seem swift, quick and hustle-free. However, we doubt that is really the case. There can’t be safe and guaranteed profit withdrawing when there’s no license, platform and not even basic fund protection protocols. Several deposit options are listed:

• Credit/debit cards
• Bank Wire
• Crypto

Without access to the user area, there’s no way to confirm this info. It is most probable that the cyber criminals will force you to invest in crypto so they can quickly snatch your funds and make it impossible for you to reverse the payment. 

Support Office Closed

Every customer is supposed to be able to rely on 24/5 support via various communication channels. When we attempted to explore the issue of account opening and learn more about it, there was no one to turn to. 

Although there’s an automated chat bot, you will never get an answer unless you provide a phone. We were unwilling to share our phone number and get spammed with unsolicited phone calls. 

Key Points To Remember

False brokerage companies seem insatiable these days – they do not mind the length they have to go in order to acquire new victims. TriumphFX is another case of that. So please be extremely careful when shady phone agents propose highly lucrative deals that do not bring anything but financial disaster to you as an investor. 

We’d also like to remind you that there’s always ways to get back your investment in case of a scam. You are free to contact us via the online chat and book your free consultation with our recovery experts!

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