ZeegosFX Review – 5 things you should know about zeegos.online

ZeegosFX Review – 5 things you should know about zeegos.online

- in Forex brokers, Reviews

Beware! ZeegosFX is an offshore broker! Your investment may be at risk.



Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


ZeegosFX is a website that claims to be offering investment opportunities with Bitcoins. In their presentation they actually say they are offering an opportunity to “mine bitcoins” with three investment plans – classic, silver and gold – with guaranteed returns on investment of between
200% and 400%. And besides, they do not seem to offer a trading platform so we are not sure if we can define the web site as a broker.

However, we have some serious doubts about their regulatory status and legitimacy as a whole, so if you are considering investing with them be sure to read this review first.

ZeegosFX regulation & safety of funds

ZeegosFX is said to be owned and operated by ZeegosFX Ltd – a company supposedly based in the US and regulated in Belize. Unfortunately we were not able to find the name of the company neither in the registers of the International Financial Services Commission (IFSC) of Belize, nor in the list of the regulated members of the National Futures Association (NFA) – the US financial watchdog, where all companies offering financial services to US citizens should be licensed.

Also, you should be especially wary of any offers promising you unrealistic, guaranteed returns such as the investment plans described on the ZeegosFX website.

Keep in mind that you can feel safe about your investment only with brokers, regulated by respected financial authorities such as the NFA in the US, the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC).

All brokers, licensed by the above mentioned institutions are obliged to follow a strict set of rules, among which to keep all clients funds in a protected, segregated form their own, trust account, to maintain a certain minimum operational capital, to provide traders with a negative balance protection, to refrain form offering investment bonuses, to file regular reports, to allow external audits and in some cases even to insure traders funds.

Thus if you trade with a CySEC broker for example, your invested capital will be insured up to 20 000 EUR, while with FCA brokers the insurance will cover up to 50 000 GBP of your funds.

ZeegosFX deposit/withdrawal methods and fees

Except that they accept Bitcoins we are not told what other payment methods do ZeegosFX accept. Have in mind that most forex and CFD brokers work with major credit and debit cards like VISA and MasterCard and e-wallets like Neteller and Skrill.

The minimum deposit requirement vary between 500 USD and 5000 USD depending on the investment plan.

How does the scam work?

Scammers come with ingenious ways to get to your money. In the past months for instance, more and more people get scammed through the so called robo scam web sites like Crypto Revolt and Bitcoin Evolution, where investors are usually misled by unrealistic offers of guaranteed, fast and easy returns. The robo scam web sites are usually designed about a nicely cut promo video, telling you stories of how people got instantly rich by joining an innovative trading app or a platform. And you will be invited to join the platform as well – all you need to do is leave your e-mail and phone.

And if you do register, than you will be promptly transferred to the web page of a unregulated, scam broker, where you will have to deposit initially between 250 USD and 500 USD. In exchange you will be offered either some rather lucrative looking investment plan or the opportunity to trade. And take a note that initially your profits will look great and soon you will receive a phone call by a “senior account manager”, who will try to convince you to invest a more substantial amount – 10 000 USD or so.

Remember, however, no matter how successful your trades looks, you are dealing with a scam broker and nothing of this is real. Unfortunately most people realize they have been scammed only after they request to withdraw some of their funds. The withdraw will be simply refused, because of some minimum trade volume requirement, tied to a trading bonus, or if you are with an investment plan it could be something else. In any case scammers will not give you a single penny back.

What to do if scammed?

Be sure to immediately file for a charge back with your credit card provider – this is the only rational step you can take in case you are scammed. The good news here is that under the new anti scam policy, adopted by VISA and MasterCard, you will be able to file for a charge back within 540 days after you have made the deposit.

Also if for any reason scammers have tricked you to tell them your credit card number and online banking password, immediately change the password and cancel your credit card.

And finally do not accept the offers of the so called “recovery agencies” – they will just make you pay some money in advance without retrieving you a single penny back.

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1 Comment

  1. Hello, ZEEGOS FX IS A SCAM!!
    I got scammed by a Instagram User named Roberta Murphy who said that she was one of the Zeegos FX managers so she offered me to create an account to earn some money trought an investment.
    She was asking me to invest 200€ but I am a teenager so I cant afford that money; we reached an agreement of 50€ and she promised that after a week I would have 500€ return. Everyday during that week I logged in the account to see how my investment was and, the account showed a graphic and the theorethical profits you were having in that moment..a week passed and I ordered for my withdrawal..they instantantly asked me for a 200€ fee for an upgrade they made to my account…if you would have paid that they would have demanded me to pay other fees because I have other previous experiences like this…

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