Today we will talk about your reliable partner in the world of trading - this is how the ZotaMarket broker positions itself, which offers access to more than 250 trading instruments, an adaptive platform for any device, transparent and honest relations. This is exactly what we will find out at the end of our review.
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ZotaMarket. General information
Broker's main website:
The ZotaMarket website has a nice color scheme with gradients, but, in fact, it is a resource built on the most typical template, from those that can be downloaded for free from the Internet, or created on your own in a couple of hours in any constructor.
The site menu includes the following sections:
- trading account (types of accounts, bonus program, trading conditions;
- an overview of trading platforms that can be used in a browser, on a PC or mobile device;
- an overview of the assets that can be traded with ZotaMarket (indices, stocks, forex, etc.);
- analytics tools, training (articles, economic calendar, webinars);
- “about us” (company history, contacts, documents);
- client-user agreement.
Nearby is a login/registration button and a drop-down list for selecting the page display language.
The header of the main page contains the very phrase that ZotaMarket is your reliable partner in the world of trading. Under the inscription there are buttons for the target action - "trade" and "open an account". It's funny, but when you click on these buttons, nothing happens at all. For some reason, the developers did not bother to attach links to any pages to these buttons. Thus, you can register on the platform only using the menu sections.
Under the header is an overview of the desktop and mobile versions of the trading terminal. Next is an inscription about transparent relations, as well as a phrase that ZotaMarket aims to provide its clients with the best technologies for trading, with a wide range of tools and professional support. There is also another inactive "open an account" button.
Below is a small presentation of trading instruments and their description. After this block, there is a section-acquaintance with the team, where the broker tells that the staff of ZotaMarket includes more than 80 people who are very serious about the security of your accounts and carry out the KYK procedure in accordance with international standards. There are also incomprehensible icons of a plastic card, arrows, etc., which do not carry any semantic load, as well as another inactive button, which at the end of scrolling the page is already quite annoying.
Below is an overview of the deposits that can be opened by cooperating with a broker. When you hover over the picture with the name of the account, its detailed description is revealed, under which the “open account” button is located ... of course, not working.
Next, traders are invited to download a mobile application for trading from anywhere.
The footer contains several documents on the regulation of non-trading operations, the anti-money laundering policy, etc. There are also icons of international payment systems and two familiar to us, infuriating buttons “trading” and “open an account”.
Below we are talking about the fact that ZotaMarket (Zota Capital LTD) is included in the International Financial Commission (we have yet to verify this). Below - a warning about the risks and a recommendation to contact a professional consultant. It is with this paragraph that the office is trying to relieve itself of responsibility for the safety of your accounts. But this will be discussed a little later.
Expertise of legal information, ZotaMarket licenses
As mentioned above, ZotaMarket proudly declares that it is a member of the International Financial Commission, is able to issue compensation to users up to 20 thousand dollars, and even shows its certificate. In the register of the Commission, we found that the broker was registered there less than a month ago.
In addition, experienced traders perceive the Commission itself ambiguously. Because there are no real cases on the network confirming compensation payments. In addition, there are a huge number of traders who speak negatively about brokers who are members of this organization.
Here, for example, reviews of ForexTime, which is included in the base of certified brokers of the Commission
So even such eminent companies are far from a panacea for deception and poor-quality services.
Let's go further. In the "About us" section, ZotaMarket positions itself as a company consisting of professional traders, analysts, marketers and lawyers. All these people are ready to provide the company's customers with comprehensive assistance and support. After all, the office has a whole network of branches around the world. At the same time, in the "contacts" section, the broker indicates only one address - this is the capital of the Marshall Islands, Majuro. But the office published two phone numbers - British and Russian. Moreover, the latter begins with the numbers 495, which often include the phone numbers of various crooks. Such a set of numbers was chosen by scammers so as not to arouse suspicion in people. After all, 495 and 499 are the codes of Moscow and the Moscow region, which are used by adequate and official organizations.
The second number aroused even more curiosity. Having hammered it into the search line, we found out that just a year ago, such a number was published on the website of the ZotaTrade project.
ZotaTrade is a clone project that was launched in 2020 and, having managed to collect a huge amount of negative feedback and reviews very quickly, was rehabilitated under a new name.
At the same time, due to the presence of a referral program, many promoted the office in their blogs. However, this did little to help. The first project has long collapsed. And the creators of his clone, which appeared at the end of last month (see the first screen), are not even going to work on the bugs. Having stolen money from newbies in the financial markets, ZotaMarket will disappear after its older twin brother.
And now we seem to have solved the riddle of broken buttons. Most likely, someone was just too lazy to change all links from the first site to new ones, and they were simply disabled.
Features of the work of ZotaMarket. Tools and conditions for traders
ZotaMarket is modestly silent about its advantages on the main page, unlike other brokers who publish all sorts of “splashes” in almost every block and section. From what we managed to isolate on the main page and in the "about us" section, these are:
- access to 250+ trading instruments, which are collected in one interface;
- modern platform adapted to any device;
- various assets;
- insurance (about how reliable it is, we learned above);
- bonus program and huge leverage;
- training, author's special courses, awarded;
- customer multilingual online support 24/5;
- referral program for those who want to earn money without investments;
- competitive spreads, fast order execution;
- convenient and reliable ways to deposit / withdraw money;
- the opportunity to start earning with any level of skills and income.
To start trading, you need to fill out an application for registration and fund your trading account. The broker offers as many as 8 service packages to choose from, with a face value of 500-100,000 USD. Depending on the amount of investment, the number of available services also varies. However, judging by the information we received during the analysis of official data, we would not make even a minimum deposit. The reviews we found speak of this.
Real customer reviews ZotaMarket
Since the age of the project is small, there are not so many reviews about it. However, proceeding already from the fact that we have an exact copy of an earlier version of the scam project, we can be sure at 200% that cooperation with ZotaMarket will end in the same failure. We found several reviews that confirm our idea.
If you have become victims of ZotaMarket scams, leave comments under this article. Perhaps it is your review that will save someone from losing money.
ZotaMarket User Fraud Scheme
So, we found out that ZotaMarket is the same kitchen as ZotaTrade, which deceives honest traders, pulling out huge sums and driving them into debt. Judging by the reviews, the divorce scheme here is simple and brutal. Newcomers to the financial markets are found through spam calls, chatting on forums or social networks. Then, through psychological manipulation, they are forced to deposit money into a deposit account. And after that, they systematically drain the client's budget into their pocket. The cooperation ends with the blocking of the account and the complete disappearance of the office “from the radar”.
On the ZotaMarket website, we found the following signs of fraud:
- uninformative, standard site;
- lack of licenses from regulators, including the Central Bank of Russia;
- the presence of false information about the work of the project, misleading users;
- the project site is an exact copy of a fraudulent resource.
This is the curtain. Take care of yourself and your money. Do not trade with just anyone, and carefully check those to whom you give your hard-earned money.
If you have become a victim of ZotaMarket or other black brokers and want to get your investment back, leave your mail in the form at the beginning of the article. We will send you a step-by-step, illustrated plan of action to take.