ZenithMarkets In-Depth Risk Investigation | Financial Black Holes and Regulatory Illusions Beneath the Halo of Peak Performance

1. Introduction: The gap between advertising and reality

By the end of 2024, ZenithMarkets' ads covered almost all popular traffic platforms:

• In TikTok short videos, it shows young people withdrawing money to their accounts in seconds through their mobile phones;

• In a YouTube ad, a “trading mentor” emphasizes the platform’s “zero fees + top-tier liquidity”;

• Facebook and Instagram have been pushing a large number of promotional images of the "world's five major regulatory certifications."

Under this high-profile publicity, many retail investors quickly deposited funds. However, once they entered the real trading environment, the situation was completely different: withdrawal requests were delayed, profitable accounts were frozen by the system due to "risk control violations," and some users were even required to pay additional "liquidation fees" to retrieve their funds.

ZenithMarkets' "peak halo" is being shattered by one complaint after another.

2. Platform Background and Packaging

1. Official external publicity

• Founded : 2020

• Place of registration : Saint Vincent and the Grenadines;

• Trading products : foreign exchange, indices, energy, precious metals, cryptocurrencies;

• Trading platforms : MT5 and proprietary Zenith Trader;

• Leverage : up to 1:1000;

• Claimed regulation : FCA (UK), ASIC (Australia), MAS (Singapore).

2. Survey Results

• St. Vincent : Local officials publicly confirmed that they do not regulate foreign exchange;

• FCA and ASIC : There is no company information about ZenithMarkets in the database;

• MAS (Singapore) : No such company was found either;

• Certificate issue : The PDF format "license" displayed on the official website has been verified to belong to another company;

• Custody Arrangements : No disclosure of segregated funds or third-party custody.

📌 Compared to a true FCA regulated platform, ZenithMarkets has almost zero compliance guarantees .

III. Investor Complaints and Real Cases

1. Complaint data

• FX110 Exposure Center : Complaints exceeded 210 in three months, involving more than US$5 million ;

• WikiFX : The rating dropped from 6.9 to 1.6 , with risk labels pointing directly to "withdrawal failures and disappearance of customer service."

• Social media rights protection groups : Victims’ spontaneously organized groups on Telegram and Reddit have more than 800 members.

2. Investor Case Details

• Case 1 (Indian investor AK)
  I deposited $4,000 and earned $1,500. In May 2025, I applied for a withdrawal, but the backend displayed "compliance review" and no results were found for three months. During this time, I contacted customer service multiple times, but no one answered. I was eventually kicked off the official Telegram group.

• Case 2 (Malaysian investor LY)
  I deposited $3,000. The backend froze my account, citing "suspected abnormal trading," and all funds were unavailable for withdrawal. I provided transaction records as evidence, but the platform refused to unblock me.

• Case 3 (Spanish investor MG)
  I deposited €10,000 and requested a withdrawal after generating a profit. The platform's customer service representative demanded a 30% "international settlement fee." When I refused to pay, my account was permanently closed.

• Case 4 (Nigerian Investor TO)
  After depositing $500 and earning $200 in profit, the withdrawal request status showed "Blockchain transfer processing." However, an on-chain query revealed no relevant transfer records.

These cases show a pattern: profits = freezing, withdrawals = delays or bans .

4. Third-party data tracking

• WikiFX : The rating plummeted to 1.6 in a short period of time, and the comments section was filled with "Withdrawal pending" and "Fake license".

• FX110 : The cumulative exposure amount exceeds 5 million US dollars, and the success rate of rights protection is less than 2%.

• BrokerHiveX Internal Monitoring :

• The domain name has been registered for less than two years;

• The server IP is the same as the aborted platform "ZenMarketsPro";

• The website's backend framework code is extremely similar to CryptoTradePlus, which ran away in 2022.

5. Capital Chain and Operation Model

ZenithMarkets' operating logic reveals its funding crisis:

1. Delayed withdrawals

• Common background prompts: "Compliance review in progress", "Blockchain confirmation in progress", "System upgrade in progress".

• Investors waited for weeks in vain.

2. Account freeze

• Profitable accounts are accused of "illegal operations" or "abnormal transactions" and are directly frozen.

3. Customer service disconnected

• Emails bounced, phone numbers were no longer in service, and Telegram's official customer service was closed.

4. High leverage trap

• By using 1:1000 leverage, novices are induced to quickly liquidate their positions, reducing the pressure of withdrawing funds from the source.

📌 This model is essentially a Ponzi cycle in which new funds cover old funds .

VI. Regulatory Fraud and Legal Loopholes

• ZenithMarkets is not listed in the FCA/ASIC/MAS databases;

• St. Vincent is only a company registration and lacks regulatory effectiveness;

• Investors have little chance of recovering their losses through legal proceedings.

Compliance Comparison

• FCA regulated platform : Withdrawals are completed within 48 hours, client funds are kept separately, and compensation of up to £85,000 is available.

• ZenithMarkets : No isolation, no compensation, no legal protection.

VII. Historical Case Comparison

ZenithMarkets' model is not an isolated case:

• ZenMarketsPro (aborted in 2021) : pretended to have multiple licenses and disappeared with the funds;

• AtlasMarkets (closed in 2022) : Falsified ASIC regulation and had funds frozen;

• CryptoTradePlus (ran away in 2023) : took advantage of the irreversible nature of cryptocurrencies to trap investors.

These cases almost repeat ZenithMarkets' current path.

8. Expert and Industry Comments

• Financial analyst D. Chen : “When a platform claims to be a ‘top liquidity provider,’ be careful. Real liquidity providers don’t directly face the retail market.”

• Compliance Consultant M. Torres : "Investors must learn to verify each certificate individually on the official regulatory website, rather than blindly trusting PDF certificates."

• Human rights lawyer J. Liu said : "On platforms registered in St. Vincent, it is almost impossible to protect your rights. The only thing victims can do is to stop the losses as soon as possible and expose the issue."

• Blockchain analyst R. Patel : "There is no withdrawal record on the chain, which is the most direct evidence of fraud."

IX. Investor Rights Protection and Avoidance Suggestions

1. Stop depositing funds immediately to avoid further losses;

2. Save all evidence (transfer receipts, backend screenshots, on-chain query records);

3. Exposure to FX110, WikiFX, BrokerHiveX;

4. Complain to the regulator of your country. Even if you cannot recover the money, you can still build a risk file;

5. Join a rights protection group on Telegram or WhatsApp and take collective action;

6. In the future, we will only choose compliant platforms that can be verified on the official websites of FCA, ASIC, and NFA.

10. Conclusion

ZenithMarkets' "peak" veneer is crumbling:

• Withdrawal barriers and fund freezes have become the norm;

• Regulatory frauds were exposed one by one;

• Customer service channels are completely disconnected;

• The amount of complaints continues to rise.

BrokerHiveX has included it on the risk blacklist and reminded investors: no matter how famous a platform is, it cannot replace the protection of real supervision.