“You’re in Good Hands” — this is what the brokerage company Zachs Invest tells potential clients, but we know that trusting such platforms is a foolish idea. First, it’s crucial to figure out whether this is a scam; otherwise, you could easily lose your money. Despite all the bold claims made by the firm, there are surprisingly few reviews about it, and it certainly doesn’t look like a reliable or safe broker.
Table of Contents
Highlights
🏛️ Country | United Kingdom |
⚠️ Regulation | – |
🖥️ Website | https://zachsinvest.com/ |
🎲 Demo Account | No |
⏳ Start Time | 2024 |
💲 Minimum Deposit | $100 |
⚖️ Minimum and Maximum Leverage | 1:30 |
⚙️ Trading Platform | WebTrader |
support@zachsinvest.email | |
📞 Phone | +1 289 246 1790 |
First Impression of Zachsinvest.com
Let’s start with the official website of Zachs Invest, as this is the first thing a trader encounters. And it’s all bad — from the color scheme to the technical execution. The color combination, to put it mildly, looks strange: a dark background overloaded with white and orange elements.
At the top of the page, you’ll find a standard menu: trading platform, account types, VIP section, company information, educational resources, FAQ, and contact details. Zachs Invest reveals very little about itself, as we couldn’t find critical details about the platform’s operations — such as how long it has been in business or whether it holds any licenses. Even the legal address is only partially provided: HQ in London, United Kingdom.
The use of over-the-top and flashy imagery is immediately noticeable — expensive watches, people in suits, and skyscrapers. This is typical of scam companies. Adding to the suspicion are meaningless slogans such as “Trading Could Become Your Superpower”, “Change Your Trading Habits”, and “Don’t Make Compromises. Choose the Best”. It’s just a collection of empty words from Zachs Invest. Such tactics are commonly used by dishonest and fraudulent firms, which strongly suggests the true nature of this company.
Overall, the Zachs Invest website is a textbook example of how not to design a professional brokerage platform. It’s generic, filled with flashy images, lacks concrete details, and overflows with empty promises. All of this raises serious doubts about whether this is a trustworthy broker or just another short-lived project that will disappear with clients’ money.
Partnership and Bonuses
Bonuses at Zachs Invest are a whole different story, filled with “pleasant” surprises. At first glance, it seems like the broker is handing out generous rewards, but here’s the catch — it’s almost impossible to actually withdraw them. According to the company’s terms, in order to cash out bonus funds, a trader must achieve a trading volume of 50,000 times the bonus amount. No big deal, right? If you receive a $100 bonus, you’ll need to trade for $5,000,000 before you can access it. And even then, it’s up to the broker to decide whether your trades are considered valid.
Try withdrawing even a small portion of your deposit, and you’ll face an unpleasant surprise. If the withdrawal amount exceeds 20% of your deposit, the bonus is automatically canceled along with any profits made. And if you happen to leave only the bonus funds in your account without trading for 90 days, Zachs Invest will simply confiscate all the funds without the possibility of recovery. Thanks for nothing, right?
The funniest part? There’s absolute silence about an affiliate program on their website. No tempting offers to “invite a friend,” no referral links, nothing at all.
Account Opening on Zachsinvest.com
Next, let’s examine the registration process and personal account setup, but don’t expect anything extraordinary. Zachs Invest follows a standard registration procedure, requiring users to provide their name, contact details, and country, and agree to the terms and conditions.
However, after entering the required information, the trading platform opens up immediately. It seems that the personal account is integrated directly into their terminal, which is highly inconvenient and unsafe. Serious brokers always separate the trading platform from the client area — but not Zachs Invest. It looks like they’ve opted for a cheap, low-quality solution for both the personal account and the trading platform.
Users can modify personal information, set up notifications and alerts, change their password, and — oddly enough — add a Bitcoin address, presumably for funding their account. Strangely, the Zachs Invest personal account lacks an identity verification section, and there is no option to open a demo account either.
Verification
Verification at Zachs Invest is a mandatory step without which withdrawing money is simply impossible. The company requires a standard set of documents: a passport, proof of address, and card details, but they may also demand notarized copies — at your expense. Moreover, the broker reserves the right to reject submitted documents without explanation, turning the process into a real quest with an unpredictable outcome. As for verification timelines, that’s a whole other story — you could be waiting for weeks without ever receiving a response.
The main problem here is the lack of transparency. The broker can endlessly “review” documents, block access to the account, and delay withdrawals under the pretext of data inconsistencies. Any minor discrepancy becomes a reason to freeze your account, and if verification is denied, your funds remain trapped on the platform with no way to retrieve them. Simply put, verification at Zachs Invest isn’t about security; it’s just another hurdle for clients that can be insurmountable.
- KYC is mandatory.
- It’s inconvenient to upload documents.
- Zachs Invest can come up with any reason to freeze an account.
- No timeframe for processing documents is specified.
Trading Software
The trading platform at Zachs Invest is a web terminal with no mobile or desktop versions, which already presents a host of issues. You’re tied to your browser, meaning connection stability is always questionable. Any internet disruption can freeze your trade — and with it, your money. Order execution speed is poor, with requotes and delays happening frequently, especially during volatile market conditions.
The platform’s functionality is extremely weak. The charts look primitive, offering only a minimal set of indicators and analysis tools, clearly not designed for serious trading. Customizing the workspace to fit your needs? Forget about it. The platform is cluttered with unnecessary elements, and the interface feels outdated and cumbersome. Information on balance, profits, and losses is minimal, and what is displayed appears chaotic, with no clear organization.
Security at Zachs Invest is another major concern. Since the platform operates exclusively via a web browser, there are no additional security measures. There’s no two-factor authentication, which makes accounts vulnerable, especially when accessed from public networks. The risk of account hacking is high, and reliability is practically nonexistent. Trading on such a platform is both risky and inconvenient.
Features | Zachs Invest | MCJInvest | Virgobanc |
---|---|---|---|
Demo Account | ❌ | ❌ | ❌ |
Mobile App | ❌ | ❌ | ❌ |
Own Development | ❌ | ❌ | ❌ |
How Can I Trade With Zachs Invest?
Alright, let’s take a look at what the company offers and assess whether it’s actually beneficial. We’ll also try to identify the drawbacks and weaknesses in their trading conditions.
All Info About Accounts
The account plans at Zachs Invest look like a classic money grab. This approach is identical to what most other unregulated brokers use. They all have one thing in common — a desire to steal as much money from traders as possible. That’s why you’ll see the same pattern: the company offers multiple account types, where each subsequent plan requires a larger deposit but promises better trading conditions.
The minimum entry threshold at Zachs Invest is only $100, but for this amount, you get practically nothing — leverage of just 1:5, no personal manager, slow withdrawals, and a complete lack of basic risk management tools. It’s clearly a trap to lure in beginners, who will later be pressured into “upgrading their conditions” by making larger deposits.
The so-called “interesting” conditions only start with deposits of $10,000 and above. The more money you deposit, the more promises the broker makes — but these promises look highly questionable. For instance, with a $50,000 deposit, you’re offered leverage of 1:20, which already indicates a high level of risk and hints at the possible lack of real regulation. Spreads on the basic accounts start at 1.5 pips, but you only get the promise of 0.0 pips spread if you deposit a whopping $250,000. Doesn’t it seem suspicious that Zachs Invest is openly suggesting that if you want decent conditions, you have to pay exorbitant amounts?
Another major red flag of Zаchs Іnvеst is the lack of transparency regarding fees and withdrawals. The account plans are nicely presented, but there is no mention of real withdrawal conditions, hidden fees, or potential restrictions.
- $100 is a low starting deposit.
- Commissions are not specified.
- All additional options are available only with a huge investment.
Market Analysis and Education With Zachsinvest.com
Everything the company offers is tied to its account types, and we’ve already established that accessing these additional services requires hefty investments. However, does Zachs Invest offer anything for free to all users? Well, barely. They provide an asset index and a glossary. These tools, however, are practically useless — they could disappear, and no one would even notice. New traders can easily find financial market terminology on Google without any effort.
Deposit, Withdrawal, and Fees
Judging by the personal account interface, Zachs Invest accepts only cryptocurrency for deposits. And this is a very serious red flag. Cryptocurrency does not allow victims to initiate a procedure known as a “chargeback”. If the transfer was made via a bank card, then yes, the client could submit a chargeback request to the issuing bank. However, with digital currency, this is not possible.
Additionally, the transfer of funds is made to an anonymous crypto address. This means that the trader does not even know where and to whom they are sending the money. In the case of a bank transfer, there are account details, but with crypto, only an address is available. Zachs Invest clearly wants to operate anonymously, which is why they eliminate all avenues for revealing their identities.
Features | Zachs Invest | FxPro | Market Haven |
---|---|---|---|
Debit/Credit Cards | ❌ | ✔️ | ✔️ |
Electronic Payments | ❌ | ✔️ | ✔️ |
Crypto Transfers | ✔️ | ❌ | ✔️ |
Deposit Fee | ❌ | ❌ | ❌ |
Withdrawal Fee | ❌ | ❌ | ✔️ |
How Can I Contact It?
The contact section lists two email addresses and a phone number. Surprisingly, they are not entirely fake. Although the phone number could be fake, the provided email addresses do exist. Zachs Invest also offers an online chat to promptly address traders’ issues and questions. However, response times are very slow, and sometimes questions remain unanswered.
- Basic methods of contact are available.
- Long answers in online chat.
Is Zachs Invest Dangerous?
Too many downsides and almost no advantages — this is the conclusion that can be drawn at this point in our review. To summarize, we need to consider more important aspects of Zachs Invest’s operations, such as its operating period, licenses, and legal address.
How Long Does The Broker Work?
The first step is to determine when the platform was launched. Honest and reputable companies always disclose their founding date, but since we are dealing with scammers, this aspect is entirely omitted. However, it can easily be identified by the domain registration date. Zachs Invest did not start operating earlier than September 2024, meaning it is a very recent venture.
How Is Zachs Invest Regulated?
The next issue is regulation. It is no secret that every forex broker must hold a license as proof of its reliability. However, our review subject does not have any license. It is not even mentioned on the official website, which makes the operation appear illegal. Zachs Invest is not listed in the FCA register, the financial regulator of the United Kingdom.
Why hasn’t the broker obtained FCA authorization? The reason is that the office address listed in the UK is fake. The stated address, “HQ in London, United Kingdom”, is fraudulent. The scammers did not even provide a complete address. A search in the registry yielded no results. Zachs Invest is not registered in the UK.
Features | Zachs Invest | ModMount Ltd | StockHome |
---|---|---|---|
European Zone | ❌ | ❌ | ❌ |
Asian Zone | ❌ | ❌ | ❌ |
American Zone | ❌ | ❌ | ❌ |
African Zone | ❌ | ❌ | ❌ |
Offshore | ❌ | ✔️ | ❌ |
How to Trade With Zachs Invest?
Is Zachs Invest Legit?
How Risky Is It?
Even just by looking at the overall appearance of the official website and considering the fact that the company accepts only cryptocurrency, it becomes evident that Zachs Invest is fraudulent. The scammers use the same tactics as other illegal platforms. They do not want to be exposed and certainly do not want their clients to have any chance of recovering their stolen funds. The best course of action is to avoid trading here and instead find a legitimate and secure brokerage firm with a long operating history and multiple licenses from reputable financial authorities.
Zachs Invest rating
3 reviews about Zachs Invest
All negative reviews about Zachs Invest are true. I personally fell victim to these scammers. They deceived me and fraudulently took my $5,000 deposit. At this point, there is nothing I can do – the money is gone, and there are no ways to recover it. The only thing I can do is write this warning review to help others avoid falling into the same sad and terrible situation. Protect your deposits and do not give them to outright scammers like this fake platform.
I created an account with Zachs Invest in December 2024. Everyone I interacted with was professional and courteous. When it came time to withdraw funds, my account manager assisted me every step of the way and ensured the money appeared on my bank statement. To date, I’ve invested $3,000 and haven’t encountered any issues.
Initially, I was concerned it might be a scam, but my account manager reassured me by showing how easy it is to withdraw funds. Despite my modest $1,000 investment, Zachs Invest has delivered solid results so far. I’m optimistic that February will bring even better outcomes!