Overall Rating: 🚨 Highly Suspicious / Avoid at All Costs
Regulation: None verified
Withdrawals: Reportedly blocked or denied
Customer Support: Unresponsive after deposits
Verdict: Likely Scam Broker
Overview
Zestrend presents itself as an online trading platform that promises access to various financial markets, including forex, commodities, and cryptocurrency trading. The platform claims to offer competitive spreads, high leverage, and advanced trading tools. However, a growing number of complaints from users indicate that Zestrend may not be a legitimate broker. Instead, it is increasingly being identified as a scam broker, with traders facing significant difficulties accessing their funds after depositing, as well as receiving poor customer support.
User Complaints and Common Issues
Multiple traders who signed up and deposited funds with Zestrend describe a consistent sequence of issues:
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Initial outreach via social media, emails, or ads offering high-profit opportunities
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Pressure to deposit funds by promising minimal risks and high returns
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Account dashboards showing unrealistic profits that encourage users to deposit more
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Withdrawal requests being blocked, delayed, or ignored
The most alarming issue among victims is their inability to withdraw funds. Many users report being asked to pay additional charges—such as “verification fees” or “processing fees”—before their funds can be released. Despite fulfilling these requests, funds are reportedly never paid out. Communication from the platform reportedly slows and eventually stops once users demand their withdrawals.
Major Red Flags Identified
Several red flags suggest that Zestrend may be operating as a scam:
🚩 No Verifiable Regulation
There is no evidence that Zestrend is licensed or regulated by any official financial authority. Reputable brokers are typically registered with regulatory bodies such as the FCA, ASIC, or CySEC, and their credentials can be independently verified.
🚩 Unrealistic Profit Claims
Zestrend advertises high, consistent returns with little or no risk, a tactic frequently used by scam brokers to lure unsuspecting traders into depositing more funds.
🚩 Withdrawal Issues
Many users report blocked or delayed withdrawals, often accompanied by requests for additional fees that need to be paid before the funds can be processed. This is a classic sign of fraudulent behavior.
🚩 Lack of Transparency
The platform provides limited information about its ownership, regulatory status, or business operations, raising concerns about its accountability and trustworthiness.
57 Investigations Ltd and Recovery Efforts
In response to the increasing number of complaints about Zestrend, 57 Investigations Ltd has been assisting victims. The firm specializes in financial fraud investigations and recovery, helping traders initiate forceful reversals of their deposits.
57 Investigations Ltd works to trace transactions, identify fraudulent activity, and liaise with financial institutions and payment processors to help victims recover their funds. While recovery efforts are not guaranteed, early intervention by professional investigators can increase the chances of recovering at least some of the lost funds.
Is Zestrend Safe?
Based on the information gathered from user reports and complaints, Zestrend is not a safe platform. The following red flags indicate that it is likely a scam:
❌ No verified regulatory oversight
❌ Withdrawal requests blocked or delayed with additional fee demands
❌ Lack of transparency about company ownership and operations
❌ Unrealistic profit claims and high-pressure sales tactics
Investors are strongly advised not to deposit funds with Zestrend.
How to Protect Yourself
To protect yourself from falling victim to scams like Zestrend, consider the following:
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Verify a broker’s regulatory status with official authorities before making a deposit
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Be cautious of promises of guaranteed high returns with minimal risk
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Avoid paying additional fees to release or process withdrawals
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Do thorough research by reading independent reviews, checking scam reports, and seeking advice from experienced traders
Final Verdict
Zestrend exhibits numerous signs of a fraudulent broker. Traders who have already deposited funds should preserve all evidence and consider seeking professional assistance for potential recovery options.
This broker review is based on user complaints and reported experiences. Zestrend has not issued an official response to these allegations at the time of writing.