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Zank Capital

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Operating status: SCAM

Website: https://www.zankcapital.com/

Broker violations and abnormal records
  • 2022-03-17 BrokersView has reviewed that Zank Capital is an unregulated forex broker

    Zank Capital shows it won some awards in 2019 and 2020 as an industry leader. However, domain check results showed it was newly created in 2020. How it can win awards in 2019 before its foundation?  Thus, there is the highest possible level of caution for you when dealing with Zank Capital.

    The scam says to be based in the UK in its “Financial Service” but doesn't mention its regulatory status. In any case, there is a clear indication that something is not quite right as its headquarters is in the UK but without any license information.

    To verify the doubts, we did check whether the broker is present in the registry of the UK regultor- FCA, and no results relating to Zank Capital appeared there. Meanwhile, there is an investment and wealth management company named ZANK CAPITAL LTD (Zank & Co), which is licensed in Australia, but they have nothing in common with the fraud we are currently talking. Moreover, the ASIC-licensed reliable broker doesn’t provide currency investment service. That is to say: Zank Capital is currently not regulated or not overseen by any financial regulator. Therefore, we can conclude that Zank Capital is a scam.

    Zank Capital shows it won some awards in 2019 and 2020 as an industry leader. However, domain check results showed it was newly created in 2020. How it can win awards in 2019 before its foundation?  Thus, there is the highest possible level of caution for you when dealing with Zank Capital.The scam says to be based in the UK in its “Financial Service” but doesn't mention its regulatory status. In any case, there is a clear indication that something is not quite right as its headquarters is in the UK but without any license information.To verify the doubts, we did check whether the broker is present in the registry of the UK regultor- FCA, and no results relating to Zank Capital appeared there. Meanwhile, there is an investment and wealth management company named ZANK CAPITAL LTD (Zank & Co), which is licensed in Australia, but they have nothing in common with the fraud we are currently talking. Moreover, the ASIC-licensed reliable broker doesn’t provide currency investment service. That is to say: Zank Capital is currently not regulated or not overseen by any financial regulator. Therefore, we can conclude that Zank Capital is a scam.

Related Complaints

Q&A

Could you plz check Zank Capital's license for me?

Chris A Zacharia
Singapore
2022-07-01
ANSWER Zank Capital is not a licensed or regulated broker even though it states offers that look good to be true. Zank Capital claims to be owned and operated by Zank International LTD, a company locates in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results to Zank Capital in FCA.The truth is, Zank Capital is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Zank Capital and trade with licensed brokers.
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