Let’s have a look at the broker that provides trading and investment services with a strong focus on (CFDs). Spoiler: we’re convinced that the analyzed Zachs Invest broker is a scam, and here’s why. A young domain registered at the end of 2024, agressive marketing with paid fake reviews, no financial regulation at all… Although it claims to offer a robust trading experience, there are significant concerns regarding the platform’s legitimacy and transparency. Let’s take a closer look to find other singns of fraud in the broker’s activity.
Broker Profile
| Official Website | https://zachsinvest.com |
| Company Name | Zachs Invest |
| License Status | None |
| Account Types | Starter, Cash Flow, 2nd Income, Early Retirement, Legacy |
| Demo Account | None |
| Assets Offered | Stocks, Currency Pairs, Commodities, Crypto |
| Leverage | Up to 1:400 |
| Trading Platform | WebTrader |
| Deposit Methods | Bank Transfer, Crypto, Debit Card |
| Withdrawal Time | Up to 10 business days |
| Affiliate Program | None |
Key Trading Features
Zachs Invest offers multiple types of trading tariffs designed to cater to traders with varying financial capacities. The platform provides access to accounts such as Starter, Cash Flow, 2nd Income, Early Retirement, and Legacy. With higher deposits, users are promised exclusive benefits and privileges, which include improved trading conditions and personal support.
To begin trading, clients must deposit a minimum of $250. Basic trading conditions include leverage up to 1:100 with the possibility of increasing it to 1:200 for larger accounts. Spreads range from 0.5 to 1.5 pips. Users who deposit $10,000 or more are promised personal account management by senior brokers, as well as custom business plans designed to optimize their trading strategies.
The company further markets risk management tools, special bonuses, and expedited withdrawal options. It also advertises the use of artificial intelligence (AI) technology to enhance the trading process. For higher-tier accounts, starting from 2nd Income and above, Zachs Invest clients can access advanced features such as:
- increased leverage up to 1:400,
- access to borrowed funds,
- and over 50 premium trades each month.
Fact cheking:
- UK (FCA)– Leverage capped at 1:50 for all retail clients, and limited to 1:25 for inexperienced clients (Source).
- EU (ESMA) – Leverage limited to 1:30 for major forex pairs (Source).
- Australia (ASIC) – Retail leverage restricted to 1:30 since 2021 (Source).
⚠️So, there’s another red flag about Zachs Invest: they don’t adhere to official regulations, making trading unnecessarily risky for the sake of larger profits.
Additionally, many of the so-called “exclusive privileges” are often unavailable to users.
Overview of Available Trading Instruments
Zachs Invest claims to provide access to a variety of financial instruments, including stocks, currency pairs, commodities, and cryptocurrencies. However, details about these instruments are poorly documented on the platform. While a general overview of supported assets is mentioned, account tables only briefly reference fixed assets without elaborating on available options.
As a CFD platform, the dealer subjects traders to significant risk. CFDs are inherently speculative and complex, with a high probability of financial loss. Industry statistics indicate that over 70% of CFD trades result in losses, making profitability highly unlikely for most traders using this platform.
Zachs Invest Trading Platform Analysis
It is a browser-based terminal, which significantly limits accessibility and functionality. Additionally, there are no options to download optimized versions of popular platforms such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5).
The browser terminal includes basic features such as asset charts, an order book, and trade history. However, critical tools such as indicators, oscillators, and advanced risk management systems are absent.
Additional Services
Zachs Invest promotes additional services such as educational content and a bonus system. While these offerings seem appealing on the surface, they are underwhelming in practice.
So, the educational materials consist of a low-quality glossary and a basic FAQ section that addresses only fundamental questions. There is no access to advanced resources such as in-depth literature, training webinars, or strategy workshops. The absence of high-quality educational tools makes it difficult for novice traders to develop their skills. Moreover, the competence of the company’s managers is questionable, further limiting the usefulness of their support.
Fee Structure
Zachs Invest discloses fee details in its “Terms & Conditions” and “Withdrawal Policy” documents.
Clients are subject to an inactivity fee of $99 if no trades are made for 30 consecutive days. This fee is charged repeatedly until the account balance is depleted, potentially leading to a full account suspension. Additionally, withdrawal fees range from 1% to $300 per transaction, depending on the amount and conditions.
Other charges include swap fees for overnight positions, which are tripled on Wednesday nights to account for weekend trading costs.
Legitimacy of Zachs Invest
The broker operates without proper licensing or regulation from any recognized financial authority. The dealer does not hold licenses from top-tier (1-tier) or even lower-tier (3-tier) regulators. Additionally, the company does not even possess offshore regulatory approval — a common loophole exploited by fraudulent brokers.
Zachsinvest.com History Review
The dealer claims to offer a secure trading environment and profitable conditions for its clients. The platform’s “About Us” section boasts 15 years of industry experience, significant achievements, and positive client reviews.
However, these claims are contradicted by verifiable data. A domain check reveals that the platform has been operational only since September 16, 2024. The company’s short history and fabricated claims undermine its credibility and reliability.
Conclusion
Let’s sum up our review of the Zachs Invest broker. The company offers highly unfavorable trading conditions and has been accused of engaging in fraudulent activities. The dealer operates without regulatory approval, provides limited functionality for traders, and fails to meet industry standards. Numerous negative reviews highlight concerns about unethical practices, including account manipulation and withdrawal issues.
Weighing the Pros and Cons of Zachs Invest
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Availability of “Terms & Conditions” and “Withdrawal Policy” documents.
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Illegal operations without regulatory oversight.
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Negative reputation and frequent complaints.
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High fees and unprofitable trading conditions.
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Limited and poorly optimized trading platform.
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Reports of fraudulent activities, including account blockages.
Common Questions
How can I download the trading app?
Zachs Invest only supports a browser-based platform, making mobile trading impossible.
How do I receive a bonus on zachsinvest.com?
Bonuses are issued at the discretion of the dealer's management team and come with strict turnover requirements.
I traded on this platform for a few months. The fees were extremely high, and the swap charges made it worse. In the end, I faced losses and had my account BLOCKED. I wish I never knew zachsinvest.com.
Always check for licenses before you invest. I learned this the hard way with the dealer. Avoid making the same mistake!
I signed up for an account with Zachs Invest in late November 2024 and started with the Starter Account to see what they are all about. I was skeptic at first, but my assigned account manager was very professional and introduced me to the basics quickly. After three days I could already see some interesting movements of my account. I was able to make 2% return on my money, for which it would have taken me a whole year in any of the banks. After the first week, I decided to give it a shot with another $2300, which was the highest amount that my account manager allowed me to invest as a newcomer. Last week, I asked for my first payout of $400, just to see if I can get money out, and I must say that it went smoothly. So far, zachsinvest.com seems to be a great place to get an extra income going. 5 start from me.