Zxmarkets.com — Fraud

yes friend, its true

i am also loosed my money
how to punish them? please advice

Thanks

whats the solution?

We need a solution.

i am also loosed INR 300000...now no response and even login window not appeared.

Even I lost my hard earned money. Now help me to catch hold these cheater.

hi guys,
i my self trading with them for last 3 months, but till now i never faced any issues is withdrawing funds with them, also i've made a withdrawal of 100, 000Rs to my axis account. even i never faced any problem in my bank as well. i don't know about others but personally i'm very much happy with them and as per my knowledge they are best. if any one want contact me on my email i'll be available all days. (g.[protected]@gmail.com)

Hello everyone even I have lost my money 20000 every time other people called up to open a big deals, started with hassan, amer', Mary, zihab.. They forced me to invest again n again n promised me to make profits. I started trading and making profits with d deals. But could never withdraw single penny n lost all my money, now. I keep on merging them . No body responds n. I want to get my money back . Please people tell me, help me how can I get my money back... Can get in touch with me at [protected]@yahoo.co.in

Hi... everyone...

ZX markets is the No.1 Fraud Trading company in the world...

If any body in the world want to loose money?????

Start a trading account with ZX markets... They are experts for loosing money...

You will not get any single penny from this...

Beware don't do trading with zx markets...

Hi all

We want to do something for this cheating trading company., first we should be unite for this and do our level best, this will not be happen to any other traders...

you can reach me @ : [protected]@gmail.com

Yes they are fraud. Kindly tell some to get money back or where to complaint about this.
This is not loosing money in market. They themselves take money as I didnot close to any deal.

since the money is transferred to and indian company we have some solutions. please checkup with expert opinion and verify about the site they are giving is it a dummy account or original
after verifying the trading account then we can do some remedial measure against the money collected by the indian company

Hello Everyone,

Believe me. ZX Markets is a very fraudulent company. They claim to be in India. However, the people who work for them and do contact clients are based in Sri Lanka. The initial call comes from India and once you enroll, you are given to a relationship manager in Sri Lanka and you never get to hear from the initial contacts from India. The company behind them is Evolve Technologies which is a registered IT company in India. The people behind Evolve Technologies are R.M Harinarayanan, V.P.M Tilakan and P.V Rajesh. ZX Markets is not on the list of FX Brokers in either Sri Lanka or India and so is an unregistered and unauthorized FX broker. This is the way they operate:

They call you and suggests to you how you could make $10 dollars alone by investing $200.00 and how you can easily withdraw. Surely, the first 2 days, they do get you that profit. This is intended to win your trust that it works. Afterwards, they ask you to invest more so that you make more. Don’t do it. Once you invest, they make profit for you in the first 2 or 3 days. Afterwards, the relationship manager intentionally takes a bad trade and tells you the market did not get into their way based on their analysis. They then ask you to take another trade using the same currency pair in the opposite direction. Anyone who understands trading knows that counter-trading is bad. Yet that is what they do and play on your ignorance.

After that they call to tell you your margin is low and that if you don't pump in extra money, you can lose all your profits. Instead of they making you money as promised, you rather pump in money and lose them. From this point onwards, it is about you pumping in money and not they making you the profit. Everyday that they call, they ask you to pump money into the account to protect your investment instead of trading to make money. The truth is, they have made your account grown into profit by closing the profitable trade within the counter trade and re-entering in the same direction thereby locking you in a long trade forever but you can’t withdraw because of the counter-trade they have done. In reality, no profits have been made for you but your capital has reduced and they have reduced your ability to make new trades because you money is reduced. If you decide to withdraw the money, you lose everything and that is why they ask you to put in more money.
As you put in money, they continue to take bad trades to lock you in the same counter trade they have taken, without taking new trades to enable you recover and always asking you to take the profit in one direction and re-entering the same pair without making any new trades. This keeps you in the counter trade till a point where you can no more send them money. When they realise you can't send any more money, they ask you to close the existing trades and you lose all your money. In fact they ask you to provide more money as if you are a Bank. The question is, how do they rob you of your money?

The truth is the trading software they use is fake / a dummy trading platform. Your money is received by Evolve Technologies into their own account and behind the scenes, they enter the deposit in the dummy software and pretend to be trading for you. The aim is to put you in a counter trade by taking the wrong direction and intentionally wait till almost all your money is gone. And then they call you to take the counter trade to prevent the loss, with a promise that they will help you recover the loss. They then call you to put in more money to recover the trade and when you are unable to do so, they ask you to close your position, thereby losing all your money including the so-called profits made. In this way, it appears like the market had taken your money and not them. However, the real money has been taken into Evolve Technology's account for the company to profit from. In contrast, international trading platforms updates themselves immediately you make deposits or withdraw. You do not send the money to another company for your account to be debited. According to Lorraine, one of the most deceptive relationship manager, Evolve Technologies is their parent company. The fake platform therefore is just a medium used to make one believe the money was lost to the financial market.

Apart from that, they ask you to let them connect to your computer while they help you know how to deposit and use their platform. Through that, they are able to know details on your debit/credit card and they use these details to steal your money. Never allow them to connect to your computer through 'Anydesk'. If you make a report to the compliance department, they pretend to do something about it, but you never hear from them. Why? Because they are fraudulent.

They promise at their first contact to train you on how to trade free of charge without letting you know they will trade for you. You only get to know it only after the have started trading for you and taking you through their deceptive processes. In fact they promise one thing and do the opposite throughout their dealings with you.

They have a fake compliance department who will take your complains and never return to you. Sometimes, they ask you to provide them with your bank statement or details of cards and other identification document. Don’t provide them. They want to use the details to commit fraud on you once they know the amount on your bank statement and other details such as credit / debit cards. They never will communicate with you through video Skype and are very deceitful from the beginning of the contact till they finish siphoning all your money from you. Why? Because they don’t want you to see their faces as every fraudster syndicates do. Their staff are well trained in the act of deception, pretending and present themselves to be genuine. They pretend to be offering good advice and services in order to mislead you to part with money.

Some of their staff include one Lorraine who never uses her surname and is very intelligent and deceptive, very well trained to lie and mislead people, Nadira Bakir, the compliance manager who never acts on complaints received and Azath Zarook a self-acclaimed trading specialist. These people are fraudsters and criminals.

For those who claim to have invested and received returns, either it is true or not. I suspect the fraudsters themselves are appearing to send such messages in order to neutralize the accusation being made against them and for people to believe in them, because Lorraine is very much aware that people are accusing them of being fake.

So please let the public be aware and stop dealing with them. I am also calling on the Indian authorities to investigate Evolve Technologies in order to arrest these fraudsters who are defrauding people from their hard earned monies. I will do my best to escalate these findings to the international financial intelligence agencies in Europe and the US anti-money laundering agencies to take up this investigation and close up on these criminals.

Hi All,

ZX Market is a fraudulent company. It is not registered as an fx brokerage firm in India or Sri Lanka. They are criminals who will deceive you to invest with them. Once your money goes to them it will never come back. People like Amar poses as a Business Development Manager but is a fake. Don't allow them to link up to your computer or give details of your credit card to them. Their fake compliance manager Nadira will call you for documents, dont give it to her. The have criminals like Azath, Lorraine and Amar. They are linked to Evolve Technology who claim to be into production of electronic products. They are the people behind ZX Market. When you pay money to them, it goes to Evolve Technology's accounts and then they enter your details into a dummy fx trading platform. The strategy is to mislead you to lose your money and they tell you, you lost your money to the fx market. when you ask for your money back they wont give it to you. They will give excuses why your money has not been sent and assure you the will send the money, but it is a lie

Hi people,

Don come to a wrong perception jus because yo lost all your money, if you donot know how to do currency trading.don go for it. Those who all have mentioned this brokers as fraud are basically so greedy in nature and apparently lost all the money you have earned. if you are greedy, not having patience, lust over money, fear.. Please don go for currency trading. If you still want to pursue this trading with all the above mentioned qualities, yo ll end up complaining not only zxmarkets but also all the other brokers.

FYI to all who called zxmarkets as frauds. : I even lost money during initial days and earning now. WITHDRAWN MONEY FROM ZXMARKETS

Hi guys,
Thanks for your valuable information. I had also call from Zx market and tell the same thing which you described above. I will never invest in this company.
One man who also make a heavy loss from this market, send E-mail to company and told them that he will file FIR in cybercrime Department if they did not send the money. Then they send the money with in 20 minutes. Hope you can also follow above method.

yes, it's fraud

I trade with them and have always got withdrawals on time and Love their platform I think most of the people here do not realise that Forex trading is risky if you do not trade with a plan and ZXMarkets can't do anything if you lose they cannot control the market since it is too big with very high volumes, their service is good and they update about market trends well but you have to do a lil research and monitor the currency before opening the trades don't do it blindly since market is fast moving. Learn & understand Forex trading it will be profitable.

ZX markets is very much fraud company. Who ever has given positive comments here, just try to withdraw your amount lying with them. Interact with them and say that you want to close the account and withdraw your amount what ever lying in the account, then you will come to know, what will be their reaction. They will never allow you to close the account and withdraw your entire money. You may get a call from +3444. If you receive that call, You are gone. They will do their work to swallow your money. Beware. From everyone they are taking the minimum transfer of Rs. 6900/- only what ever the dollar price may be. Then they will convert the same into dollars and the differential amount is their profit. I also transferred Rs. 6900/-. I did only one trade and I came to an understanding that they are trying to execute an order in the opposite direction and lost 7 $ out of 100 $. Then I decided to withdraw my money following it up with them from past 18 months and till now I have not got my money. And today they have completely swallowed my money and saying that there is zero balance. So please be careful. please do not invest in their company. They are number one fraudster company.

The ACE is himself a thief/a fraudster. He is part of them. That is why he is giving positive profile of ZX Markets. The company behind ZXMarkets is Evolve Technologies. They allow them to use their VISA platform for fraud. Evolve Technology, India should be investigated.

what is their address in mumbai ? vashi ?