Zend Trade Review: zendtrade.com claims to be a forex and CFD broker that uses the MetaTrade4 platform. They are supposedly located at 405 East 12450 South, Draper, UT 84020.
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Trading Platform
Zendtrade claims it uses the Metatrader4 platform which is known to be convenient for experienced and newbie traders. However the website of Zend Trade does not offer a downloadable MT4.
What You Should Know About ZendTrade Broker
- Zend Trade is unregulated. It was also blacklisted by FMA- Financial Markets Authority. According to this regulatory body, Zend Trade has the characteristics of a scam broker.
- Undisclosed Trading Conditions. This a red flag that shouldn’t be overlooked. ZendTrade does not specify its target spreads or the leverage it provides.
- Unproven Platform. We are convinced that what this broker uses is not MT4 platform as it claims. The platform looks like a cardboard cutout with quotes from some major brokers like FXCM and charting powered by TradingView.
Our Conclusion
We are not convinced with this broker. Our major concern is that they are unregulated. Unregulated brokers are often scammers.
OUR RECOMMENDATION >> FORTRADE
They are the best brokers in the industry and they offer trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. They also accept clients worldwide. We can vouch for them as they are regulated and licensed by the FCA(Financial Conduct Authority) in the UK which makes client funds safe.visit their official website
They are scammers and I wish somone could shut them down