WikiFX Review: Why did the WikiFX score of Zeus Capital Markets reduce?

If you want to know whether Zeus Capital Markets is a reliable forex broker or not, please continue to read.

In this article

WikiFX provides inquiry services in the forex field.

WikiFX evaluates the reliability of Zeus Capital Markets based on the facts.

What is WikiFX？

To explore whether is a scammer or not, we evaluated this broker from different aspects, such as regulatory status, exposure, etc.

Table of Contents

1. Evaluate the reliability of Zeus Capital Markets based on its general information and regulatory status.

A. General Information of Zeus Capital Markets

B. Regulatory Status

2. Exposure related to Zeus Capital Markets on WikiFX

3. Special survey about Zeus Capital Markets from WikiFX

A. Scoring Criteria

B. WikiFX Alert

4. Conclusion

1. Evaluate the reliability of Zeus Capital Markets based on its general information and regulatory status

To understand Zeus Capital Markets better, we explore this broker by analyzing three main perspectives:

A. General Info of Zeus Capital Markets

B. Regulatory Status

C. Fund Security

A. General Info of Zeus Capital Markets

Zeus Capital Markets general info has been shown below:

(source: WikiFX)

About Zeus Capital Markets

Founded in 2021, Zeus Capital Markets is a South African-based online forex broker that offers clients more than 60 trading products, including forex, precious metals, global indexes, and oil. The physical address of this broker is 28 VAALCROFT PLACE PHOENIX, DURBAN 4068 South Africa.

Leverage

On Zeus Capital Markets‘ website, it mentions the leverage, but it didn’t offer the details of the leverage.

Trading Platform

As we know so far, there is no information on its website about the trading platform Zeus Capital Markets uses. Please be aware of the potential risks.

Deposit& Withdrawal

When it comes to the deposit and withdrawal of this broker, Zeus Capital Markets only support deposit via bank transfer. And we cannot find the information about the methods of withdrawal. Traders who are planning to invest in this broker need to be aware of the potential risks.

Accounts Types& Minimum Deposit

It seems that Zeus Capital Markets only provides one type of account: the Standard Account. The minimum deposit is $500.

(source: Zeus Capital Markets）

B. Regulatory Status

What is a Legitimate License？

• The legitimate license is the business license issued by the financial regulatory institution of each country/region.

• Holding a license means that the broker is recognized and regulated by the regulatory authority, therefore your money is under the protection to some extent.

• Whether a forex brokerage firm holds a legitimate license or not is one of the important factors to evaluate the reliability of forex brokers.

• The content of the regulation and the difficulty of obtaining a license vary with the country and agency issuing the license.

Is Zeus Capital Markets legit？

Yes, Zeus Capital Markets is a regulated broker. It was regulated by FSCA with license number: 51598.

(source: WikiFX）

2. Exposure related to Zeus Capital Markets on WikiFX

On WikiFX, the Exposure consists of feedback from traders. A bad track record of brokers can be checked via Exposure. WikiFXs Exposure function helps you get feedback from other traders and remind you of the risks before it starts.

As of July 12, 2022, WikiFX has received 15 complaints against this broker within 3 months. Below are some cases that we want to show you.

This trader who comes from the United States claimed that he cannot withdraw money from this broker. Zeus Capital Markets has delayed his withdrawal request. And the support team of this broker barely responds to this trader. In addition, Zeus Capital Markets claimed that they dont offer the MT4 trading platform.

This trader from Germany also cannot withdraw his money. The support team of this broker inform him that because he had a deposit from a Third-party, his account was suspended. Zeus Capital Markets accused this trader of broker the law against anti-theft and tax evasion.

This trader from Thailand told WikiFX that he lost about $32,000 after he investing in Zeus Capital Markets

3. Special survey about Zeus Capital Markets from WikiFX

A. Scoring Criteria

WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Zeus Capital Markets has been given by WikiFX a rating of 4.53/10.

(Note: Because different regions or countries have different levels of regulatory strictness, the score of the same broker might be slightly varied in other regions or countries. For details, please consult WikiFX customer service.)

(source: WikiFX)

Risk management includes the measurement, assessment, and contingency strategy of risk. This broker seems not to have enough capital and good strategies to secure clients assets when an emergency occurs.

B.WikiFX Alert

4. Conclusion:

Due to too many recent complaints, the WikiFX score of Zeus Capital Markets has been significantly reduced. The biggest problem when traders conduct business with Zeus Capital Markets lies in the withdrawal refusal. Besides, the poor customer service of this broker also made the situation even worse. Therefore, although Zeus Capital Markets is a regulated broker, we advise you to do more research before you decide to put your money on this broker. WikiFX contains details of more than 36,000 global forex brokers, which gives you a huge advantage while seeking the best forex brokers. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP for free through this link below (https://www.wikifx.com/en/download.html). Running well in both the Android system and the IOS system, the WikiFX APP offers you the easiest and most convenient way to seek the brokers you are curious about.

Click on Zeus Capital Markets' WikiFX page for details