Read our Zeno Sync review to understand why we strongly advise against trading with this broker. To clarify, this is a review of zenosync.com.
Is Zeno Sync a Scam or Legit?
After examining their website, it is clear that they are not regulated by any official financial authority, which is a MAJOR RED FLAG! This alone is reason enough to avoid investing with them. Furthermore, they collaborate with websites offering “Automated trading software,” which is notorious for being linked to scams.
Zeno Sync: An Unregulated Broker
Zeno Sync is yet another unregulated forex broker, meaning customers are left unprotected, making it highly likely that they will abscond with your hard-earned money without any regulatory body to hold them accountable.
How Does the Scam Operate?
Typically, unregulated forex brokers operate by first calling potential victims to persuade them to make an initial deposit. They often promise deals that sound too good to be true, like doubling your initial deposit or making hundreds of dollars per day effortlessly. Don’t be fooled—it’s a SCAM! After you make the initial deposit, they will transfer you to a more experienced scammer, known as a retention agent, whose goal is to extract even more money from you. Also, be wary of any positive Zeno Sync reviews you may come across online; they often pay for fake reviews to improve their reputation.
Withdrawing Funds from Zeno Sync
If you’ve deposited funds with Zeno Sync, you should immediately request a withdrawal, as your money is never safe with an unregulated broker. However, this is where things get complicated. Whether or not you’ve made any profits, they will likely delay the withdrawal process for months. If they manage to delay it for six months, you won’t be able to file a chargeback, and your money will be gone for good. Even if you constantly remind them or insist on withdrawing your funds, you will NOT get your money back. If you signed the Managed Account Agreement (MAA), which gives them full control over your account, they will likely lose all your funds, leaving you with nothing to request.
Recovering Your Money from Zeno Sync
If you’ve already deposited money with Zeno Sync and they refuse to return it, which is likely, there might still be some ways to recover your funds. First, make sure to keep all emails as evidence that you’ve been requesting a refund, but they are either not responding or intentionally delaying the process.
The first step you should take is to initiate a chargeback as soon as possible! Contact your bank or credit card provider and explain how you were deceived into depositing money with an unregulated trading company. Also, mention that they are refusing to return your funds. This is the most straightforward way to get your money back and it also hits them where it hurts—if enough chargebacks are filed, it could ruin their relationship with payment service providers. If you’re unsure how to proceed or how to present your case, we can help you prepare your chargeback request. Just contact us at info@thefxreview.com, but do not inform your broker that you’ve read this article or that you are contacting us.
What About Wire Transfers?
If you sent money via wire transfer, unfortunately, you cannot perform a chargeback on a wire transfer. In this case, you need to escalate the matter. Inform them that you will take the issue to the authorities and file a complaint against them. This might make them reconsider refunding your money. Another step you can take is to prepare a letter or email to the regulatory agencies. Depending on your location, search online to find the relevant regulatory agency for forex brokers in your country. After drafting the letter or email detailing how they deceived you, show it to Zeno Sync and inform them that you will send it to the regulatory agency if they do not refund your money. If you’re unsure where to start, reach out to us at info@thefxreview.com, and we’ll guide you through this process.
Leave Reviews of Zeno Sync on Other Sites
Another way to fight back and prevent others from falling victim is by leaving reviews on other websites. Check if other sites have posted reviews about Zeno Sync and share your experience. If you’ve been scammed, please leave a review and a comment on this site in the comments section. Also, if Zeno Sync rebrands and contacts you from a new website, mention it in the comments or let us know. If you receive calls from other companies, please share their names in the comments or send them to us directly, and we will expose them as well.
Zeno Sync Review Summary
Writing this Zeno Sync review has been our effort to protect as many people as possible from losing their hard-earned money. Always thoroughly research any forex broker or any other financial service before engaging in any transactions. We hope this Zeno Sync review has been helpful. If you have any questions or need advice on the withdrawal process, feel free to contact us at info@thefxreview.com. If you’re interested in trading, please do so with a trustworthy, regulated broker by selecting one from the list below.
