Zilton Capital Review – 5 things you should know ziltoncapital.com

Beware! Zilton Capital 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.

Zilton Capital says to be offering five different managed accounts or investment plans with expected monthly profits of between 50% – 80% – all of that trading crypto currencies and binary options. As good as all of this may sound, we have some very serious concerns about the legitimacy of the broker, so before investing any funds with them be sure to read the following review first.

Zilton Capital regulation & safety of funds

To start with, the Zilton Capital website is almost completely anonymous. It is true that they display contact addresses in New York and Singapore, but apart from that there is little information about the company that runs the whole operation. In their Trams of Service we find the name of InterCapital SM Limited, which as far as we understand partners with Zilton Capital, but we can not be sure what are their relations. Also Zilton Capital mentions Belize as a jurisdiction governing the legal agreement with their clients, but again, from that we can not conclude where they are based and who operates them.

What is worse Zilton Capital appears in the List of Unregistered Soliciting Entities of the US Securities and Exchange Commission (SEC). The regulator says Zilton Capital is not licensed and authorized to target U.S. citizens and that it has bee a subject of a number of investor complains. See for yourself:

So basically, we are talking about a unregulated, anonymous website, which most probably is involved in scam. And here we will repeat our general advise to avoid unregulated broker altogether and to trade only with properly licensed ones, authorized by an official institution such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or let say the Cyprus Securities and Exchange Commission (CySEC).

Zilton Capital deposit/withdrawal methods and fees

Although on its website Zilton Capital displays the logos of VISA , MasterCard and PayPal, when we proceeded with our registration it turned out the only payment methods available are Money Gram, Western Union, Perfect Money and bitcoins – all of which are pretty anonymous – you do not known to whom you send your money – and irreversible – unlike payments with VISA and MasterCard you can not file for a charge back, if you have a suspicion that you have been scammed.

Also, we are deeply concerned by the fact that Zilton Capital is offering managed accounts. Bear in mind that virtually all brokers, including legit ones, act as market makers, and if a market maker like Zilton Capital offers to manage your money, it will be in a conflict of interest – they will surely have the incentive to lose your money to themselves. That combined with the unrealistic promises of monthly returns of between 50% and 80% make us pretty sure that Zilton Capital are scammers.

On top of that in its Terms of Services Zilton Capital says they reserve the right “to refuse the withdrawal of money by the User from the Service” – see for yourself:

And the minimum deposit requirement is also absurdly high – 1000 USD, while with most broker you will be able to start trading with just 250 USD or even less.

How does the scam work?

You might be surprised by the number of people who get scammed every day, but that is not a surprise – scammers are pretty well organized and employ lots of resources in their clandestine activities. For example they use call centers, also known as boiler rooms, as well as specially designed internet portals like Bitcoin Profit and Brexit Trader, which we call robo scam websites, and which may lure you with some get – rich – fast offer, with guaranteed, risk free returns. Now if you get hooked and do register, by leaving your e-mail and phone, instantly you will be transferred to the web page of a unregulated, offshore, scam broker, where you will be offered a trading account with an initial deposit of about 250 USD.

And bear in mind that your initial trades will be amazingly successful and pretty soon the money in your account will seem to have doubled. That however will not be real. Scammers will be simply be manipulating your trading account with the sole intention to convince you to deposit as much as you can. And that is exactly what your “senior account manager” will be telling you on the phone – you will be getting regular phone calls by than – if you really want to make some big cash you will surely have to invest more – like at least 10 000 USD or so.

And most people do invest that kind of money without realizing they have been scammed until the day they decide to request a withdraw. And than out of the blue they are told they have no right to withdraw because of some minimum trade volume requirement, possibly linked to their trading bonus. Of course scammers may use a different excuse to cancel your withdraw request, but in the end it will all come to the same – you will not receive a single penny back.

What to do if scammed?

If you are a victim of a scam, but you have made your deposit with a credit card like VISA or MasterCard, you will still have a chance to get your money back by filling for charge back with your credit card company. And the good news here is that according to their new anti scam policies, both VISA and MasterCard now accept charge back requests within 540 days.

If by any chance scammers have tricked you to tell them your credit card number and online banking password, immediately change the password and block your credit card.

And do not trust the so called recovery agencies. They will not help you in any way, but simply will charge you some fees in advance, basically scamming you a second time.