Many scammers in the forex industry invent various ways to lure in victims with money. Most often, these pseudo-brokers list fake legal addresses, boast about reliability guarantees, and promise highly favorable conditions. ZenithWave is one such platform — and this review is dedicated to uncovering its red flags.
Brief Overview
- 🖥Official Website: https://zenithwavesolution.com
- ✈️Contact Address: 2626 Howell St, Dallas, TX 75204, 835271-35R
- 📞Customer Support: support@zenithwavesolution.com
- 🔐Licensing and Accreditation: –
- ⏳Track Record: 2024
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $250
- 💰Additional Services: education, personal manager, signals, webinars, swap-free, individual strategy, assistance, private portfolio
Zenithwavesolution.com Examination
As always, we begin by examining the official website. And right away, it’s clear this is a typical fake built on a template: grandiose phrases, generic stock images taken from the internet, meaningless charts, and a heap of empty buzzwords.
ZenithWave consistently uses vague and cliched slogans that offer no real value to the client. Phrases like “Take your trading to the next level”, “The best way to trade Forex”, and “Cutting-Edge Technology” are thrown around like magic spells, but they mean nothing. These fake advantages and motivational fluff are common among virtually every second scam broker.
The website’s structure is generic. At the top, there are only four sections containing basic information about trading conditions and broker operations. Next to them is a language switch button. Currently supported languages include English, Russian, Spanish, German, and Polish. There’s also a login button.
In the footer, the standard risk warning is missing — it’s been moved to a separate document. And there are only three documents in total: the user agreement, risk disclosure, and privacy policy. It’s obviously not a complete set. At the very least, there is no AML & KYC policy or refund policy.
Another major flaw of ZenithWave is the lack of verifiable information. If an address is listed, where’s the registration number and links to an official registry? Why is there no mention of regulation or a clear business model? How long has the platform even been operating? Nearly all critical information about the company is missing — and that’s a huge red flag.
Essentially, this is an empty website offering the bare minimum of necessary information. It was clearly built using a generic template, and nothing about it stands out as original. Should anyone take such a company seriously if it can’t even present a professional and trustworthy official website?
Company Contacts
The contact information is severely lacking. The broker boasts about having an office in the United States, but whether it’s real or not still needs to be verified. Additionally, the name of the alleged owner is listed — Douglas Bishop, but it’s just that: a name. Who is he? How can he be contacted? Is there a LinkedIn profile or any social media presence? This figure appears to be completely fictional. The only way users can attempt to reach ZenithWave’s representatives is through email. There’s no phone number, no live chat, and no support via messaging apps.
However, we can immediately warn that even attempting to contact them via email is pointless. The email is fake — it literally doesn’t exist.
Key Conditions
ZenithWave operates using a scheme popular among broker scams: extracting money through an aggressive account tier system. The company has created seven types of accounts, each one requiring a larger deposit than the last, while supposedly offering better features. Essentially, the broker manufactures artificial demand for expensive accounts by promising improved conditions. There is no proper segmentation into cent, micro, or ECN accounts. Nor is there any structure that allows traders to choose between higher spreads with no commission or low spreads with a fixed commission.
The minimum deposit is $250 — a textbook scammer’s move. There is no demo account, meaning if you want to test the trading terminal and conditions, you must risk at least $250. This is exactly what such suspicious firms are counting on — that people will invest real money right away.
ZenithWave promises a wide array of additional services, including trading signals, custom strategy development, educational materials, webinars, a personal manager, assistance, and more. However, none of these services are explained in any meaningful way. What is the purpose of a personal manager? What tasks do they perform? Are the signals profitable in the long term? What topics do the webinars cover? All of these essential questions remain unanswered — even though a proper official website should address them.
And most importantly — the key trading parameters are not disclosed. Commissions, as well as exact spread sizes, are completely hidden. ZenithWave does not list trading fees or withdrawal charges, and there is no contract specification section where one could view spreads in real time.
Exposing ZenithWave
It’s time to examine the most critical aspects of this broker — its legal data, licenses, operating history, and other essential business details. And at this point, there’s little doubt left: this is a fraudulent platform.
The website contains not a single mention of who regulates ZenithWave’s operations. There is not a single license — no SEC, no CFTC, no FINRA, and no NFA, absolutely nothing. And yet, the company claims to operate in the American Economic Zone and is supposedly registered in Texas. The problem? Operating in the United States without a license is illegal. There’s also no mention of oversight from any other major regulatory bodies such as the FCA, CySEC, or ASIC.
It’s important to understand that the U.S. has strict regulations on trading CFDs, forex, and cryptocurrencies. In order to legally serve American clients, a broker must be registered with the CFTC and be a member of the NFA. A quick search through these databases reveals nothing — ZenithWave does not exist in any registry. This fact alone automatically makes their operations illegal. Legitimate American brokers like TD Ameritrade, Charles Schwab, and Interactive Brokers disclose their licenses right on the homepage.
The company does not mention when it was founded. There’s no launch year, no background story, no team experience, but this is easy to verify. A check on the domain zenithwavesolution.com shows it was registered in August 2024. At the time of writing this review, the project is less than a year old. Yet they already claim to be “a platform with 95% client retention” and “$1 billion in daily turnover”. Seriously? After just a few months? That’s a blatant lie.
The website claims that ZenithWave is owned by someone named Douglas Bishop. Once again, there’s zero verification. No LinkedIn profile, no appearance in open business registries, and no mention within the financial industry. Just a name on a screen. This person could very well be fictional, just like the entire project.
What Reviews Do Users Leave?
As for reviews of ZenithWave:
- There are very few of them on the Internet. We managed to find literally less than 20 pieces.
- These are fake comments.
If you take a closer look at the reviews ZenithWave online, it becomes obvious they’re fake. Template-style phrases, text lengths of just one or two sentences, and an identical tone across all comments — these are clear signs of fabricated feedback.
“Their analytics group does a very good job”, “The site is easy to navigate and provides reliable methods for trading”, or “The lowest swaps and spreads” — all pure nonsense, lacking specifics or any proof that the firm operates honestly or processes withdrawals.
Conclusions
It’s not a wise decision to trust your money with a company that lists fake contact and legal information and lacks licenses from financial regulators. These are serious red flags of a scam. ZenithWave operates illegally, and for that reason, we do not recommend this platform for trading.
Pros/Cons
- None.
- All key terms and conditions are not stated.
- Few online reviews, with positive comments being fake.
- Contact and legal details are fake.
- Illegal activity, ZenithWave operates without licenses.
- The short operating period of less than a year.
Another fly-by-night operation! There’s nothing here – no license, no real legal data. And their claim of being based in the USA? Total nonsense. Who would believe that? Probably only beginners. And that’s exactly who the scammers at ZenithWave are targeting. Don’t fall for this fake! Don’t trust these fraudsters!