In this review we warn against the ZenoxTrade investment scam that is made to lose money.
What is Zenox Trade
Zenox Trade Ltd. supposedly is a private investment company that is investing in cryptocurrency startups. This activity is allegedly very profitable and the company is willing to share its profits with the public.
There are four investment plans with daily returns from 10 to 30%. The minimum deposit is 30 USD.
You also can increase your earnings by referring new users to the system, there is a total of 9% to be earned on deposits made by your referral across three levels.
Is Zenox Trade legit?
The truth is that Zenox Trade is a scam. It is an illegal investment scheme that is stealing money from ordinary people. There is no real company behind it, there is no real investing going on, just fraud.
Zenox Trade gives an address in the UK, namely in Glasgow. When you make a search with the Companies House, you will find out that there is a company with this name registered in the UK.
But this company has nothing to do with the ZenoxTrade.ltd scam that we are reviewing here. Scammers are obviously just abusing the identity of somebody else.
What is important, is that Zenox Trade is not authorized in the UK by the Financial Conduct Authority to provide investment services. You will find a proof in our picture bellow.
This means that Zenox Trade is an illegal investment services that is breaking the laws. Investments with it are not protected in any way, money can and will disappear with this program.
In reality you don’t need a thorough investigation of ZenoxTrade to understand that it’s a scam. You just need to look at the numbers.
Because 10% or more per day is absolutely impossible to achieve in any legit business. You can be 100% sure that any program with returns this high is a scam, there just is no other possibility.
Unfortunately, there are thousands of scam investment programs like Zenox Trade and new ones are popping up every day. It is impossible to cover them all, so you need to be very careful.
How ZenoxTrade works
Zenox Trade probably started as a Ponzi scheme. It means that it was just taking money from newer members and giving it to older members. That’s how this illegal scheme works and it’s why it always collapses in the end. It is not generating real profits, it is just redistributing money.
But it seems that Zenox Trade is currently not paying at all, which means that it has already crashed. It remains active and fraudsters who run it are trying to steal money from people, so it is very dangerous.
That’s it, Zenox Trade is just a scam that is taking money from people, nothing more, nothing less.
If you have already invested money with this scam, it will be hard to get money back, because it seems that Zenox is transacting only with cryptocurrencies. The only option you probably have is to report the fraud to your local authorities.
Zenox Trade review – the conclusion
Zenox Trade is a scam, it was made to steal your money. It’s an illegal investment service and a dirty scheme. Stay away from it!
If you are interested in legit trading, try a free demo with a regulated company.
If you later decide to invest real money, please be sure to understand the risk and to have a strategy.