Warning: Is Zelorax a Scam?
Our experts warn you to avoid Zelorax (zelorax.com). The company details are opaque and suspicious.
Warning: Zelorax (zelorax.com) Analysis
Zelorax (zelorax.com) has been identified as a probable scam operation.
Zelorax claims to be a trading platform, but it appears currently illegal by any top-tier commission, like the ASIC or CySEC.
Victim of Zelorax?
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Can You Trust Zelorax?
Our check shows that Zelorax does not hold a valid license.
Trading with unregulated brokers is extremely risky. Legitimate firms are always licensed with bodies like the FINRA or FCA to ensure consumer safety.
Zelorax lacks this supervision. As a result, there is no protection if they keep your funds. Most online scams involve unregulated entities, and recovering money from them is hard without expert assistance.
For instance, in Europe, unauthorized firms are not covered by the Financial Ombudsman. In the US, they are not part of regulatory bodies, meaning your money is at risk.
How They Steal Money
Investment fraud is getting smarter. Criminals use psychological tricks to steal your savings. Here are typical tactics seen in sites similar to Zelorax (zelorax.com).
The "Romance" Trap
"Pig Butchering" is a brutal tactic where scammers build trust over months. They fake a relationship on social media. Once trust is built, they mention a secret crypto opportunity. It's a trap to get you onto a scam site .
Fake Trading Dashboards
Scammers create websites that mimic real trading apps. You see graphs and balances that increase. But it is a simulation. The scammer manipulates the prices to convince you to deposit more. When you try to withdraw, the "profits" disappear.
Red Flags
- Cold Calling: You get calls from "brokers" you don't know.
- No License: The company lacks legal registration.
- Guaranteed Profits: They promise 1% daily returns with no risk.
- Cannot Withdraw: They refuse withdrawals. They demand "tax fees" before releasing funds.
- Aggressive Sales: "Account managers" push you to invest bigger amounts.
Ignore positive ratings. Fraudulent brokers frequently write their own positive comments to appear real.
Final Thoughts
Zelorax is unsafe. It appears to be a scam. Save your funds and find a licensed broker. Avoid zelorax.com at all costs.
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