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Zank Capital

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Operating status: SCAM

Website: https://www.zankcapital.com/

Broker violations and abnormal records
  • 2022-03-17 BrokersView has reviewed that Zank Capital is an unregulated forex broker

    Zank Capital shows it won some awards in 2019 and 2020 as an industry leader. However, domain check results showed it was newly created in 2020. How it can win awards in 2019 before its foundation?  Thus, there is the highest possible level of caution for you when dealing with Zank Capital.

    The scam says to be based in the UK in its “Financial Service” but doesn't mention its regulatory status. In any case, there is a clear indication that something is not quite right as its headquarters is in the UK but without any license information.

    To verify the doubts, we did check whether the broker is present in the registry of the UK regultor- FCA, and no results relating to Zank Capital appeared there. Meanwhile, there is an investment and wealth management company named ZANK CAPITAL LTD (Zank & Co), which is licensed in Australia, but they have nothing in common with the fraud we are currently talking. Moreover, the ASIC-licensed reliable broker doesn’t provide currency investment service. That is to say: Zank Capital is currently not regulated or not overseen by any financial regulator. Therefore, we can conclude that Zank Capital is a scam.

    Zank Capital shows it won some awards in 2019 and 2020 as an industry leader. However, domain check results showed it was newly created in 2020. How it can win awards in 2019 before its foundation? Thus, there is the highest possible level of caution for you when dealing with Zank Capital.The scam says to be based in the UK in its “Financial Service” but doesn't mention its regulatory status. In any case, there is a clear indication that something is not quite right as its headquarters is in the UK but without any license information.To verify the doubts, we did check whether the broker is present in the registry of the UK regultor- FCA, and no results relating to Zank Capital appeared there. Meanwhile, there is an investment and wealth management company named ZANK CAPITAL LTD (Zank & Co), which is licensed in Australia, but they have nothing in common with the fraud we are currently talking. Moreover, the ASIC-licensed reliable broker doesn’t provide currency investment service. That is to say: Zank Capital is currently not regulated or not overseen by any financial regulator. Therefore, we can conclude that Zank Capital is a scam.

Related Complaints

Q&A

Could you plz check Zank Capital's license for me?

Chris A Zacharia
Singapore
2022-07-01
ANSWER Zank Capital is not a licensed or regulated broker even though it states offers that look good to be true. Zank Capital claims to be owned and operated by Zank International LTD, a company locates in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results to Zank Capital in FCA.The truth is, Zank Capital is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Zank Capital and trade with licensed brokers.
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21 comments

Lauren
I'm very disappointed with CMTrading. to me it is not legit because nothing coming out when it's time for withdrawal after 3 days. lot's of dramatic.
2024-11-21
Reply
Marc
I would never ever again recommend CM trading. They are not transparent. Get the account manager to put you under pressure to transfer your funds. Give you bad advise to stay in a losing trade and don't reveal the high cost of withdrawals. Do not go there.
2024-11-15
Reply
Evgeniya
I was about investing but for your reviews especially the difficulty/delay in withdrawal.
2024-11-08
Reply
Patrik Novak
When my account was doing well, was tricked into depositing more money into the account, with the promise of more returns. As we speak now, I have lost all my money; more than $60,000. When I tried to ask them to refund me my money; I was given an arrogant attitude. I don't want what happened to me to happen to another person, please run away from CM Trading and their fake bonuses.
2024-11-01
Reply
Laura Van Demo
CMTrading is a scam. Anyone trading with this company be aware you will loose all your money and do not say you were never warned. I initially lost USD 20,000 while using copykat and started trading manually and have just lost USD 98,500.00 - gone all of it! The company persuades you to take a bonus to enable you earn more. Then the instructors make sure you make a profit initially and then pressurize you to deposit more money each time to gain more. When you gain more, the company increases charges on spreads and swaps (overnight trades) and then the instructors literally push you to buy bigger lot sizes and when the trades go against you your account gets blown up and they take your money. Run away very fast from CM Trading if you value your money. I have learnt the hard way losing my hard earned money.
2024-10-31
Reply
Archie
I invested 250$ with then then started trading. Lost money via copy trading. Deposited 250$ again and made a loss. When I was at around 20$. I traded until I reached 300$. I tried to make withdrawal of 100USD but the withdraw buttons were grayed out. I could not withdraw.
2024-10-11
Reply
Ladvire
As mentioned by another person, they pressure you to enter high risk large lot sizes so as to make sure you loose everything. Lodge a complaint they ignore you, not recommended.
2024-10-09
Reply
Alec
Do not work with CM Trading under any circumstances! You will never withdraw the invested money, and they will simply write off the earned money from your account out of the blue. And in the case of me, the employees of the financial department themselves will drive you into debt and threaten you. I'm giving it a 0. Don't be fooled by the friendly votes and the "opportunity" to raise millions, these are all gimmicks to get you to give them money. I was led by two employees of this company: *** and a certain *** (completely inadequate), she then got me into debt twice. The first time she said that if I deposited an amount of $ 1000, she would remove the debt and give $ 3000 on top, promising of course she did, but after that from 4000 the amount dropped to 2500 and when asked where - she said that it was my fault and did not fulfill the terms of trade, although I fulfilled the conditions. And then, under her tune, I wanted to withdraw the balance and she brought me into a minus, but not at $ 2,000 as it was the first time, but at minus $ 7,000.
2024-09-29
Reply
Vijay Boda
I deposited $100 because I was having doubt about them considering the calls they make to lure you, when I tried to withdraw they kept requesting for unnecessary documents and kept frustrating me, I think we should report cm trading is a fraud lets unite retrieve our money and shut them down, please anyone with suggestions is welcome.
2024-09-27
Reply
Ethan Marchetti
I lost 65000 usd, and I want to report the matter to commercial crime unit of SAPS, problem is I don’t have their account number, because we made payments using card details. Anyone who has their account number, banks are difficult to give it.
2024-09-24
Reply

1-10 of 21 comments

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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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