The broker claims to be headquartered in the UK and has 15 years of experience. In addition, the firm invites clients to “join over 100,000 loyal users” of the platform. However, the company’s official website does not mention the FCA license.
Will the intermediary provide a “transparent and secure trading environment” as it promises potential clients? We will reveal the pros and cons of this broker in our Zachs Invest review. Read on and you will find out how reliable this project is.
How to Trade
The broker offers traders to trade CFDs on stocks, currencies, commodities, indices, or cryptocurrencies. The broker provides the following details about the company’s performance:
- More than 300 different assets.
- Minimum deposit 250 USD/GBP/EUR.
- Leverage up to 1:400.
- Average return on investment per month – 21.6%.
- Average investment amount per account – $78,624.
You can choose an account from 5 standard and 3 premium options. The amount of commissions, spreads, and fees are not fully disclosed.
Zachs Invest’s bonus policy provides incentives. The asset index and glossary are available on the website. The support team is available from 10:00 to 18:00 Eastern European time.
Zachs Invest Vital Info
The company does not disclose the names of its team or the date of its founding. Despite the alleged 15 years of experience, there are strikingly few reviews online, as if it were a brand new platform. Moreover, the website’s domain was registered only in September 2024. So, the project has been operating for less than half a year, and statements about 100 thousand satisfied customers look completely implausible.
Being legally registered in the UK, the organization had to obtain a license from the Financial Conduct Authority, which regulates brokers in that jurisdiction. However, our searches did not reveal Zachs Invest in the FCA register. That is, the hero of our review has not received a British license. Most likely, this project works only in the Internet space and has neither a registered company nor an office.
The services offered here are for experienced and pros only. This brokerage organization is not suitable for beginners. There are no tutorials, no demo account, no manager assistance here.
My withdrawal request has been pending for 3 weeks! I have never seen anything like this before. I don't even know if I should wait or accept the loss of 637 euros!
Withdrawal does not work here... they are scammers who promised that I would become a profitable trader if I deposited at least $10,000... and they also made arguments that they were supposedly interested in me making money because I pay commissions and this is supposedly their income... they offered me favourable trading conditions... they even showed me the stories of some successful traders... Later I realised that these were made-up stories... and in fact there are no profitable traders on this platform who successfully earn millions on trading and investments... in fact, Zachslnvest turned out to be another fake broker... i invested $14,000... and now I can't withdraw a cent... at first I had access to my personal account... and then they blocked it and now I can't even log in... my story started with the scammers when I agreed to trade on this terminal and made a minimum deposit of $250, and the fraudsters charmed me so much that I ended up depositing $14,000, although I didn't want to transfer more than $500... By the way, they also stated that transfers are only available using cryptocurrencies... they came up with several tricks to lure more money out of me... I started trading on their signals, and at first I had only profit, but when I refused to top up my account, 9 out of 10 trades became unprofitable.... I lost more than 50% of my deposit, and I couldn't stand it - I requested a withdrawal... and that's when the site started to freeze... the scammers started to ignore my requests.... as a result, they stopped contacting me at all... I ended up losing $14,000... I can't do anything about it, the transactions were encrypted in crypto, I was transferring digital money to a crypto wallet address of an unknown person, it's not even a legal entity, just a website... it's unclear where Zachslnvest is registered and where these anonymous scammers are...
I understand that many people want to know the truth about this intermediary. I am writing my review because I suffered from the company, I was scammed by these crooks and lost 12 thousand XRP. I found out that trading is fake on this platform, there is no sign of withdrawing trades to the exchange, trading happens exclusively inside the terminal. Also, withdrawing money is a feature that does not work on zachsinvest.com. These are the main reasons why you don't need to work with this company.
I have received several emails from this broker asking me to register with zachsinvest.com. They offered some individual conditions, the possibility to receive personalized support. However, I had to write back to them via email or chat on the website. The phone listed on the website does not answer. When I looked at ZACHS INVEST's rates, I started laughing. I have to give too much money to an unknown person. The conditions are there very weak, at any other broker you will get just great trading conditions, bonuses and customized offers for so much money. I searched for reviews online about ZACHS INVEST, but there are no objective comments. Except for those that are apparently written by the company itself, because there are only raptures and applause. Unfortunately, it smells like a fraud, and I can not work on such a dubious site.
I am looking for a trading site and found zachsinvest.com. However, there are few specifics on this site, but a lot of promises and praise for the company itself. Basically, I didn't learn anything about this project, I didn't find out who founded the company and its management team is not mentioned anywhere. On the other hand, they have security, fund protection, over 300 assets, years of experience and over 100,000 clients. But I found it strange that if you check the domain information, you will find that the company was incorporated in 2024. So Zachs Invest doesn't have years of experience! I haven't worked with them, I didn't open an account, so I can't say anything specifically about the work of this intermediary. However, it looks like the registration will not end well. My advice is to avoid such companies, it will cost you less.
I almost made a big mistake and transferred a large sum of money to ZACHS INVEST deposit account. Fortunately, I had enough sense to check information about this company and find out that behind this attractive resource are scammers. Since I have already been in an unpleasant situation with scammers, now I always check information about brokers.
I have been working with this broker for a few months now! It's a pretty well known company, they have years of experience. The broker is perfect for CFD trading. You can trade on the news, and even the news release doesn't cause that horrible slippage. Execution is very fast :) scalping and arbitrage is allowed! In any case, I advise you to take a closer look at the functionality of Zachs invest and read reviews about the project. You will see that the broker provides favorable conditions. Basically, the rates here are high, except for the starting one, but this screens out inexperienced beginners. I see that Zachs invest is mainly focused on intermediate level traders and professionals. It is not a place for those who don't know how to trade. Even if you look at the additional services offered by the broker, you will realize that they are designed for people with good experience and capital. For example, there is an offer from the company about investments with accrual from 20% per month, but I have not used it yet, although I read in the reviews that users praise the investment service for high returns and good offers on portfolio allocation. I work on Cash Flow tariff. I am completely satisfied with the level of income :) and I do not plan to move to a more expensive tariff.
All the classic signs of a fraudulent broker are on this platform, you need to be wary of co-operation with this firm. The red flags are: minimum deposit of $250, personal manager, leverage of 1:400, bonuses, lack of information about legal address, regulation and founding date. So, a lot of suspicious aspects exist in this service that you should not forget about. I think they are definitely scammers, of which there are many online. I recommend you to stay as far away from this scam broker as possible.
I lost my money in this dump, more than 880 euros, at first everything went well, then I was asked to deposit more money, and I started trading without profit and without much loss, then I realized that they are crooks and they cheat me, and I decided to close the account, and for some reason I went straight into the red, I can not return the money, I lost them all through the fault of this scam…
Qubek
I opened a 2nd Income trading account and started leveraged trading hoping I would make a fortune, but it didn't happen. At first the company seemed to help me with everything, but I realized not right away that, in fact, they were scammers who were pulling money out of me. When the manager offered me to invest in an investment portfolio made by professionals, I readily agreed. The profit was supposed to be huge, according to Zachs Invest's calculations, and they actually credited the money to my account. However, I had to pay a $12k insurance premium in cash in order to withdraw three months’ profit totaling $63k. And after I paid the insurance premium, my account was frozen and my cooperation with Zachs Invest simply stopped. Any attempts to contact the broker are pointless, no one responds to inquiries. THIS IS A SCAM!!!
I tried to work with Zachs invest and I was very unlucky, so I do not advise anyone to repeat my experience, because it is a direct way to lose money! I registered with them and made a minimum deposit. I started working and after two weeks my account was blocked. There was no explanation from the broker! I tried to call them, but the phone is silent. Apparently, they had given a non-working phone number. I tried calling from different numbers, from my mobile, from home, but there was silence everywhere. I really regret losing my money, I really wanted to earn, I took the courses and felt confident when I used to trade on the simulator. The minimum deposit here is quite big, but Zachs invest offers good conditions. Of course, all their offers are rubbish. They can write whatever they want, but in fact this firm does not fulfil its promises.