Zylo Trade Review: Zylotrade.com Untrustworthy Company

Zylo Trade Review
  • Regulation
  • Trading Conditions
  • Customer Support
0.5

Summary

Zylo Trade has taken this into account. However, it is not as one may think. When we looked at their website, we saw names and photos of people who supposedly work there. However, these are just random photos they retrieved from the internet.

Have you ever invested in a company or product that felt too good to be true? Perhaps the investment promised high returns with little risk, or there wasn’t much information on how the company operates. If so, it’s probably because you recognize red flags and identify a Ponzi scheme when you see one. Zylo Trade is one of those dangerous ventures in the market. 

Zylo Trade Review, Zylo Trade Features

A Ponzi scheme is a fraudulent operation that appears to be a legitimate business enterprise. Its primary purpose is to take investor funds for the founders’ personal gain. They use money from new investors to pay the earlier ones rather than reinvesting it in company operations as advertised.

With this review, we want to give you an insight into the world of Ponzi schemes. We will also show you why we believe Zylo Trade is one of them. Hopefully, after reading it, you better understand what a Ponzi scheme is and how it relates to the shady firm.

About Zylotrade.com

From the company website zylotrade.com, we gathered a few things that the company claims about itself. It claims to be a global provider in Defi Protocols, Cryptocurrency Trading, Forex Trading, staking, and gold trading. The platform purportedly hoped it would help its users improve their financial situation and enjoy greater financial freedom.

They also claim to allow you to make daily profits without the typical pitfalls of beginning an online investment strategy. The company was supposedly founded in 2018 to become a leading trading and investment platform. They also aim to provide customers with the best services and affordable prices.

Founders and Team

Businesses that have integrity will always cherish their history. Many people who have achieved great success like sharing their life experiences, especially their struggles. After attaining success, they brag to anybody who will listen to their humble beginnings.

Zylotrade.com Review, Zylotrade.com Broker

They also include a roster of the company’s founders and key personnel. Zylo Trade has taken this into account. However, it is not as one may think. When we looked at their website, we saw names and photos of people who supposedly work there. However, these are just random photos they retrieved from the internet.

The company has a YouTube channel with a video of a man named Johns Duncans Alexander. This is supposedly the company’s CEO. However, on the company website, his photo does not appear anywhere. If he were the CEO, he would be there.

The man is probably a hired actor. Strangely also, in the YouTube video, comments are disabled. It shows there is something they are trying to hide. They don’t want you to have a point of contact within the corporation if you suffer a financial loss.

Zylo Trade Products

Any given company must deal with a specific range of products. However, the company appears to be an outlier. It does not provide anything that customers could purchase. The only product that the company can sell as an affiliate membership. Customers invest money in the company waiting for the promised returns. The company offers three ways to make money:

Investment Packages

1st – invest between $20 and $4999 and get 1% daily for 200 days.

2nd– invest between $5000 and $19,999 and get 1.5% daily for 180 days.

3rd – invest between $20,000 and $49,999 and get 2% daily for 160 days

4th – invest between $50,000 and $99,999 and get 2.5% daily for 140 days

5th – invest between $100,000 and $149,999 and get 4% daily for 120 days

Fixed Packages

1st – invest between $20 and $4999 and get 2% daily for 250 daily.

2nd– invest between $5000 and $19,999 and get 3% daily for 250 days

3rd– invest between $20,000 and $49,999 and get 4% daily for 250 days

4th– invest between $50,000 and $99,999 and get 5% a daily for 250 days

5 th-invest between $100,000 and $149,999 and get 8% a day for 250 days

Sharia Plan

1st– invest between $20 and $4999 and get up to 1% daily for 200 days

2nd – invest between $5000 and $19,999 and get up to 1.5% daily for 180 days

3rd– invest between $20,000 and $49,999 and get up to 2% daily for 160 days

4th – invest between $50,000 and $99,999 and get up to 2.5% daily for 140 days

5th – invest between $100,000 and $149,999 and get up to 4% daily for 120 days

When an affiliate refers an investor, they earn a commission. Referral commission rates will depend on the package tier an affiliate invests in.

Zylo Trade Regulation and Registration Status

The company is neither regulated nor registered in the UK, where it claims to be headquartered. This country has some of the most stringent measures regarding financial market investment companies. There are some financial obligations it has to meet before it can get a license from the regulatory authorities.

This company falls short of these requirements. There is also something else that proves they are not regulated. On their webpage, they indicated that the company was established in 2018. However, when we checked their website on whois.com, we found this: The website was created on 2022-08-14 and updated on 2022-09-05.

Thus, there is no way such a ‘big’ company would have started without a registered website since most of their activities have to go through there. The government would not have given them a license without a functional website.

Why You Should Avoid Zylo Trade

The company has nothing to prove its assertion. Furthermore, the company appears to be unaffiliated with any securities authority, even though its platform offers securities. The company alleges that it can generate 8% of profits daily. However, this isn’t easy given the economic conditions in the world today.

There is also no guarantee that investors will get their daily returns as alleged. If the company makes that much money, they do not need to invite people to invest. They’d most likely keep it as a closely guarded secret.

Is Zylo Trade Legit or Not?

The business is a sham. There are too many red flags to ignore. The company is trying to hire as many individuals as possible to pay back the initial investors. The corporation has not paid anyone, and there is no proof. For this reason, its legitimacy is questionable.

There are no straightforward ways to leave the investment. An exit plan is essential for each investment opportunity worth considering. If the investment opportunity you’re considering has no obvious or improbable exit route, you should proceed with care.

To prevent falling prey to a Ponzi scheme, one must ask oneself a few basic questions. Why should I put my money into this company? Are you getting the impression that everything is too good to be true? If so, use caution and keep an eye out for red flags.

You should always assume the worst when navigating the internet. Repeated failures of Ponzi schemes often lead to new iterations with slight modifications. Self-defense methods in the modern world include keeping oneself educated, maintaining a healthy dose of skepticism, and trusting one’s intuition.  

Final Verdict

Zylo Trade is a Ponzi scheme that preys on naive investors. To put it simply, the company is reinvesting customers’ profits. Numerous reliable cryptocurrency and foreign exchange investment firms are now open to the public.

For companies like these, meeting customer requirements is paramount. Traders can feel at ease knowing that their money is completely safeguarded. But before you put money into them, make sure you can trust them.

 

 

 

 

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