This cryptocurrency platform offers numerous opportunities for its clients. However, before rushing into investments, it’s essential to assess the reliability and legitimacy of Zenit World. Despite the presence of positive reviews online, this project isn’t well-known and could turn out to be a typical scam.
Highlights
| Official Website | https://zenit.world/en |
| Company Name | Zenit World Ltd |
| License Status | MISA |
| Demo Account | None |
| Assets Offered | Crypto, forex, metals, indices, stocks |
| Leverage | 1:100 |
| Trading Platform | WebTrader |
| Deposit Methods | Debit/credit card, crypto |
| Withdrawal Time | Undisclosed |
| Affiliate Program | Available |
Key Trading Features
At first glance, Zenit World appears to be a cryptocurrency exchange, but in reality, it’s a standard CFD broker primarily focused on the crypto market. Unlike traditional brokerage setups, it doesn’t have a tiered account structure. Instead, it offers a single account for all operations.
There’s no set minimum deposit — it depends on the cryptocurrency. The deposit section provides information on the minimum amount for each supported asset. The same applies to withdrawals.
Overview of Available Trading Instruments
The broker primarily focuses on cryptocurrencies, covering key sectors such as Layer1, NFT, AI, GameFi, POS, POW, and others. However, there’s skepticism about whether this is genuine spot trading. The platform may have mislead users into thinking it offers spot trading when it doesn’t.
Additionally, clients can trade derivatives — a term synonymous with CFD contracts. Zenit World tries to present itself as a cryptocurrency exchange rather than a CFD broker, but experienced traders will immediately recognize the difference. Beyond cryptocurrencies, derivatives trading includes forex, metals, indices, commodities, and stocks.
Trading Platform Analysis
The platform is currently limited to a basic WebTrader. While the company plans to launch mobile and desktop versions of its terminal in the future, this hasn’t materialized yet.
There’s little to commend here, as the WebTrader is rudimentary and resembles those of other cryptocurrency platforms. The interface comes in two versions: standard and TradingView. It supports technical and chart analysis, trade history, limit orders, indicators, and an order book.
Additional Services
Zenit World offers various additional features for its clients, including:
- Copy Trading. A private service with no public access.
- Staking. Supported cryptocurrencies and yields are unspecified.
- Launchpad. No active projects are available for investment.
- Referral Program. Terms are undisclosed.
- Loyalty Program. Clients earn ZenitPoints for actions like registration and verification. These points can only reduce commissions and cannot be withdrawn.
Fee Structure
The platform has relatively high fees. Zenit World charges 0.15% for both makers and takers, which is steep, though it can be reduced using ZenitPoints. Withdrawal fees are also significant. For example, withdrawing BTC incurs a fee of 0.002 BTC — nearly $200 at current prices. This is excessively expensive.
Legitimacy of Zenit World
Should you be enticed by all these supposed advantages and rush to deposit funds? We have our doubts, and here’s why. The company is officially registered in the Comoros Islands and holds a license from MISA. However, don’t be quick to celebrate or assume this means safety.
Let’s take a closer look. Comoros is an offshore jurisdiction. In simpler terms, these are countries where virtually anyone can register a company. Their laws are designed to avoid closely scrutinizing a company’s activities or requiring strict accountability. Zenit World’s license from MISA is not recognized as credible or authoritative. Obtaining such a license is extremely easy, and there’s no stringent oversight of the company’s operations.
Company History
The company has a short operational history. There are few reviews about Zenit World, indicating it lacks popularity and experience. The legal entity was registered only in 2024, but the domain zenit.world was created in 2022. WebArchive snapshots confirm that the platform was active as early as 2022. So why was the legal entity registered only in 2024? And where was the broker legally based before then?
Conclusion
Zenit World is a typical example of an offshore broker with a questionable license, no reputation, and high fees. The lack of transparency, registration in a jurisdiction with minimal regulation, and attempts to masquerade as a cryptocurrency exchange all point to a high risk of fraud. Entrusting your money to such a platform is extremely dangerous.
Weighing the Pros and Cons
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Many additional services.
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The legal entity is actually registered with MISA.
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A small period of work.
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The broker is not popular.
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Huge commissions.
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High risk of losing money.
Common Questions
Can a loyalty program be trusted?
ZenPoints seems more like a customer retention tactic rather than offering any real benefit. You cannot withdraw these bonuses or use them outside the platform. Essentially, their use is restricted. If these bonuses come with complex conditions for earning or spending them, it’s likely just a marketing gimmick.
What should I do if Zenit World refuses to withdraw my funds?
If a company delays or outright denies withdrawals, this is one of the most significant signs of fraud. Start by documenting all your attempts to contact customer support. If the company continues to ignore you, contact your bank to initiate a chargeback if the deposit was made via card. If the payment was in cryptocurrency, use blockchain trackers to trace the transaction and consider hiring specialists to assist with fund recovery.
I only realized later how exorbitant the fees are here. You pay a 0.15% fee per trade, and then withdrawals also incur a massive fee. I don’t see how it’s possible to trade profitably on this platform – it’s simply unfeasible. Zenit World has created conditions that make it nearly impossible to earn anything. I can’t recommend this platform to anyone. Look for another company.
Scammers disguise themselves as a cryptocurrency exchange. They claim their reserves are backed 1:1 but fail to provide wallet addresses to verify this. They have no license, and this is an offshore organization with a 100% risk factor. You will lose your money — there’s no doubt about it.