ANSWER Zeta Trade is an unlicensed broker we advise against trading with despite the seemingly attractive deals it offers.Zeta Trade claims to be operated by P24O td., a company regulated by the US Financial Services Authority (License Number IS/560000). However, there is no such a regulator in the United States. This broker fabricated a financial regulator in an attempt to appear legitimate and deceive unsuspecting investors. It also claimed that it is regulated by the MFSA in the US. However, in the financial sector, MFSA stands for the Malta Financial Services Authority (MFSA). This regulatory body is in Malta, responsible for regulating financial activities in that country, not in the US.Regarding your question, Zeta Trade is unequivocally a scam. Entrusting this broker with your funds is highly risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors avoid dealing with unlicensed brokers like Zeta Trade and opt for fully regulated ones instead.
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