Zetano is a CySEC-regulated trading firm operating in the EEA zone. Additionally, it complies with the trading laws of the UAE.
We’ve decided to check this business and present you with their offer. Read our thorough Zetano review and learn everything. Then, you can make an educated decision about whether to invest with the firm or not.
On top of that, we seriously recommend you not to invest in the fake brokersAllfina Group, PilotGain, andOlympus Brokers.Do not trade with these unlicensed brokers if you want to save your money!
|Broker status:||Regulated Broker|
|Blacklisted as a Scam by:||N/A|
|Owned by:||Wonderinterest Trading Ltd|
|Supported Platforms:||XOH Trader, WebTrader|
|Minimum Deposit:||250 USD|
|Types of Assets:||Forex, commodities, shares, indices|
|Free Demo Account:||Available for 30 days|
|Accepts US clients:||No|
Zetano Is A Licensed Broker?
Zetano is a brand of Wonderinterest Trading Ltd, a firm registered in Cyprus. The owner has been active since 2016 when it obtained a CySEC license number 307/16. This license covers two brands – Zetano and Investago. The company has another office in the Czech Republic, registered as Wonderinterest Trading s.r.o.
According to CySEC, Zetano is on the UK’s temporary regime, meaning that it hasn’t obtained an FCA license and cannot provide its services fully to UK residents.
CySEC license means the firm needs to have operational capital of 730,000 EUR at any moment. Moreover, it has to participate in the ICF compensation fund with 20,000 EUR per customer. All in all, your funds are safe if you reside in the EEA zone.
Reasons Not to Trust an Unlicensed Broker
Unlike Zetano, scam brokers respond to nobody. They have no obligations whatsoever and don’t need to keep your funds in reputable banks or segregated accounts. They can simply vanish, and tracking them down can be quite a hassle.
Instead of trying your luck with such, find a legit firm with a Tier1 license.
Is Zetano to Be Trusted?
Zetano is a CySEC-regulated trading firm. The broker belongs to Wonderinterest Trading Ltd, which has been in business since 2016. It operates under two trading names – Zetano and Investago.
What Do Traders Think Of Zetano?
Zetano reviews are pretty mixed. The broker has a solid rating of 4 stars on Trustpilot, with customers being generally satisfied. Of course, there is always the other side and those who have lost their funds for one reason or another.
Overall, Zetano has been rated positively. What concerns us is that the company that has been in the business since 2016 has such a low number of reviews. Zetano domain has been active since 2018 and, in 4 years, earned only 4 Trustpilot reviews.
What Platform Does Zetano Offer to Trade On?
Zetano offers XOH Trader, a platform that really does have some advanced features. Clients can feel the market, apply some advanced strategies and earn profits.
The benefit of the software is that it’s available as a WebTrader too, meaning it’s easy to access and navigate through. This can be a perfect fit if you’re not a fan of desktop apps.
Zetano Mobile App
The platform is accessible from mobile devices as well. Both Android and iOS users have their links on the broker’s website. Once downloaded, the platform will contain the same features as the desktop version.
While XOH Trader is a solid software, it can’t compete with industry standards – MT4 and MT5.
Can I Use the Demo Account?
Zetano Demo account will be enabled for the first 30 days. After the expiration, clients will need to open a real account. While we understand the need to let customers decide if they wish to trade or not, blocking access after 30 days is not so favorable. Sometimes, having both a Demo and a Live account can help you practice strategies before actually applying them with real funds.
Zetano Broker – Countries Of Service
According to reviews, Zetano broker is mainly active in:
With their CySEC license, the company is only entitled to operate in the EEA zone.
Zetano Range of Trading Markets
Zetano customers can trade on four major markets, those being:
- Forex – AUD/CAD, GBP/USD, USD/ZAR
- Commodities – gold, corn, sugar
- Indices – NASDAQ, FTSE100, DAX30
- Shares – Amazon, Alphabet A, Bank of America
We’ve expected to see crypto with one eminent broker, but sadly, it’s missing.
What Is Known About Zetano’s Trading Conditions?
As a legit broker, Zetano elaborated on its trading conditions thoroughly. The leverage and spread has been disclosed in the About Us section, along with other fees.
Besides spreads, the firm charges swaps and other commissions one should know about before investing. It’s quite a pricey broker from everything we’ve learned.
About Leverage and Spreads
The leverage goes up to 1:100. However, the default is 1:30 for retail traders, according to CySEC standards. If an investor is experienced and able to prove their level of proficiency, they can get up to 1:100.
The spread starts at 3 pips for the EUR/USD benchmark, which is disappointing. We expect a regulated broker to offer favorable trading conditions.
Zetano Minimum Deposit and Withdrawal Terms
When it came to the minimum deposit, we were quite confused. The Payment Methods section indicates that customers need at least $1,000 to start trading. On the other hand, the About Us section says that it’s enough to deposit $250.
Whatever the truth, we’re disappointed once again. Legitimate firms usually offer Micro accounts starting with as low as $10.
As per withdrawals, the minimum amount is $0. The withdrawal needs to be processed using the same payment method as used for depositing funds.
The broker accepts two payment methods:
- Debit/credit card
- Wire transfer
The maximum deposit amount for cards is limited to $10,000, while there’s no maximum for bank transfers.
What Should I Do If I Lost Money With Zetano Broker?
If you lose your funds due to any illicit activities by the broker or an employee, you can request a chargeback. Your bank may recover funds from the merchant if you can prove that you haven’t received the proper service.
Contact us via online chat to book a free consultation and we may be able to assist with the refund. Our experts will be happy to assist.