ZODIA MARKETS (zodiamarkets.vip) is an online contract for difference (CFD) trading platform officially launched in August 2024. The platform offers investors CFD trading services in various assets such as forex, precious metals, crude oil, indices, and cryptocurrencies, but does not provide services in regions where it may violate local laws and regulations.
Overview of Platform Services
Trading Accounts
zodiamarkets.vip provides users with trading accounts with spreads starting from 0 pips. However, the platform does not disclose key trading details such as leverage, minimum deposit requirements, margin calls, and stop-loss margins, nor does it clarify whether trading commissions or fees are charged.
Trading Platform
Users can trade using ZODIA MARKETS' self-developed trading platform, which supports both desktop and mobile devices. The platform also offers advanced charting tools, over 50 built-in technical indicators, and provides intraday analysis features to help traders better grasp market dynamics.
However, when attempting to download the mobile application from the official website, the apps available on the App Store and Google Play are Proket and FX MAX, which do not match the broker's promoted platform. Additionally, the Google Store link provided on the broker's website has been rated as a dangerous link by Google, indicating potential risks.
Trading Product Information
The platform offers a variety of trading products, specifically including:
- Forex: Supports trading in major currency pairs such as EUR/USD, USD/CAD, GBP/USD, USD/JPY, etc.
- Precious Metals: Offers trading services for spot gold (XAUUSD) and silver (XAGUSD).
- Crude Oil: Allows trading in CFDs for US crude oil (UsOIL).
- Indices: Covers major global indices such as the Nikkei 225 (N225), DAX (GER30), S&P 500 (US500), etc.
- Cryptocurrencies: Provides trading in major cryptocurrency pairs like Bitcoin (BTC/USD), Ethereum (ETH/USD), Ripple (XRP/USD), etc.
Deposit and Withdrawal Methods
zodiamarkets.vip does not disclose the supported deposit and withdrawal methods on its website nor does it mention whether extra fees are incurred during fund transactions.
Contact Information and Social Media
The platform does not provide official communication channels on mainstream social media platforms such as Facebook, Instagram, or Twitter. Users can only contact the platform through the online contact form or email provided on the official website.
Company Background and Regulatory Information
According to information provided by zodiamarkets.vip, ZODIA MARKETS is headquartered in London, UK, and is operated by ZODIA MARKETS (UK) LIMITED, claiming registration with the UK Companies House and regulation by the US Financial Crimes Enforcement Network (FinCEN). However, the website provides no detailed information about company registration or regulatory license numbers.
Upon checking the UK Companies House website, it is found that ZODIA MARKETS (UK) LIMITED is registered under company number 13360649 and indeed has authorization and regulation from the UK Financial Conduct Authority (FCA) with license number 954558. However, the official website registered with the UK FCA is www.zodia-markets.com, not zodiamarkets.vip.
Additionally, the registration information for ZODIA MARKETS (UK) LIMITED can be found through the US Financial Crimes Enforcement Network (FinCEN) with MSB number 31000244063837.
Tips: The main duties of FinCEN include formulating and enforcing anti-money laundering (AML) and counter-terrorism financing (CTF) regulations; it does not directly regulate the trading of financial derivatives such as forex, precious metals, or cryptocurrencies.
Summary
zodiamarkets.vip is a newly launched CFD trading website in 2024, but it does not have a real company entity nor is it authorized and regulated by any official financial regulatory agency. The brand name used by this website and its mentioned regulatory information might mislead investors into mistaking it for the legitimate broker "ZODIA MARKETS."
Risk Warning: CFD trading involves high risk, with market volatility potentially leading to losses of investors' principal. Leverage operations amplify risks and potential returns. Before engaging in trading, investors are advised to fully understand market volatility and the trading mechanism of CFDs, assess their risk tolerance, and proceed with caution based on sufficient experience to avoid blind investment.
