Zaffex Broker Review

Zaffex is a forex broker registered in the United States. This broker recently caught our attention due to its numerous promotions on social media platforms. But is it reliable? Todays article will give you a comprehensive review of Zaffex.

Basic Information of Zaffex

Founded 2024

Registered Country/Region United States

Regulation No regulation

Market Instruments /

Demo Account /

Trading Platform Zaffex Platform

Minimum Deposit /

Customer Support 24/7 support

Regional Restrictions USA, Canada, Hong Kong, EEA countries, Israel, Russia

EA Available

Zaffex is a new broker founded in 2024. Although the official website is operational, there is virtually no information available about Market Instruments and fees.

Is Zaffex Legit?

No. Zaffex is not a regulated broker. WikiFX has given this broker a score. Be aware of the potential risk.

Trading Platform

This broker doesnt use MT4/MT5 as its main trading platform, which is another red flag.

“Pay the fee for each friend you invite”?

Recently, this broker has made a lot of advertisements and promotions on social media platforms. Zaffex claims,“ Do you want to earn extra money without investing?” “Pay the transaction fee for each friend you invite. They operated, and you won.”

Consider that this broker doesn‘t have a long history of trading. And it lacks regulation. We don’t think this brokers promotion project can be fully trusted. We advise traders to be aware of the potential risk, as this broker may get involved in a Ponzi scheme. It is a financial investment scam where the money gathered from the new investors is paid to the existing investors. The scammers can also pay their new investors with deposits from early investors. Therefore, many investors didn't know the truth at the time, and they felt reassured and decided to invest more. This is a pyramid scheme fraud, which is extremely concealed and deceptive. Many investors will eventually lose money after depositing their money, since they can no longer find these fraudsters.

Conclusion

We ask people to be aware of the risk of investing in this unregulated broker with a low WikiFX score. Protecting the legitimate rights and interests of forex traders is always the primary concern of WikiFX. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker! If you are losing money because of this broker, be sure to report your case to us so that we can help you out.