Caution Investors Zigber / Belana Group LLC – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)
Overview:
Zigber / Belana Group LLC is a company that operates through the website https://www.zigber.com, where it offers trading in forex, stocks, commodities, indices, and cryptocurrencies. The company claims to have its registered address in St. Vincent and the Grenadines, a notorious offshore jurisdiction that does not regulate or supervise financial activities. The company also claims to have offices in London, New York, and Hong Kong, but there is no evidence to support these claims.
Regulation and Compliance:
One of the most important factors to consider when choosing an online broker is whether it is regulated and licensed by a reputable authority. This ensures that the broker follows certain rules and standards to protect the interests and rights of its clients. However, Zigber / Belana Group LLC is not regulated or licensed by any authority, which means that it operates illegally and without any oversight. In fact, the Financial Market Authority (FMA) of Austria has issued a warning against Zigber / Belana Group LLC on 10 Oct 2023, stating that the provider is not authorised to carry out banking transactions in Austria that require a licence. The FMA also advises investors not to conclude transactions with Zigber / Belana Group LLC. You can read the full warning here: https://www.fma.gv.at/en/zigber-belana-group-llc/
Customer Reviews:
Another way to assess the credibility and reputation of an online broker is to read customer reviews and feedback. Unfortunately, Zigber / Belana Group LLC has very few and mostly negative reviews on the internet. Many customers have complained about being scammed by Zigber / Belana Group LLC, who refused to process their withdrawal requests, blocked their accounts, or manipulated their trades. Some customers have also reported being harassed by Zigber / Belana Group LLC’s agents, who pressured them to deposit more money or threatened them with legal action. Here are some examples of customer reviews that we found online:
“I invested $5000 with Zigber / Belana Group LLC and made some profits. But when I tried to withdraw my money, they asked me for more documents and fees. They kept delaying and ignoring my emails and calls. I realized that they are a scam and I lost all my money.” – John from Australia
“Zigber / Belana Group LLC is a fraud. They lured me with a bonus offer and promised me high returns. But after I deposited $1000, they changed the terms and conditions and asked me for more money to activate the bonus. They also manipulated my trades and made me lose money. When I asked for a refund, they blocked my account and stopped answering my calls.” – Maria from Spain
“Zigber / Belana Group LLC is a nightmare. They are very aggressive and rude. They called me every day and tried to convince me to invest more money with them. They said that they have a special deal for me and that I can make millions with them. But when I refused, they threatened me with legal action and said that they will sue me for breach of contract.” – David from Canada
Products and Services:
Zigber / Belana Group LLC claims to offer a variety of financial products and services, such as trading platforms, educational resources, market analysis, trading signals, account types, etc. However, these products and services are either fake or of very low quality. For example:
– The trading platforms that Zigber / Belana Group LLC provides are not secure or reliable. They are prone to glitches, errors, delays, or crashes. They also do not offer any advanced features or tools that can enhance the trading experience.
– The educational resources that Zigber / Belana Group LLC offers are outdated or irrelevant. They do not cover the basics or the latest trends of online trading. They also do not provide any practical or useful tips or strategies that can help traders improve their skills or knowledge.
– The market analysis that Zigber / Belana Group LLC provides is inaccurate or misleading. It does not reflect the real market conditions or movements. It also does not offer any objective or unbiased insights or opinions that can help traders make informed decisions.
– The trading signals that Zigber / Belana Group LLC provides are unreliable or fraudulent. They do not have any proven track record or success rate. They also do not have any clear or transparent criteria or methodology behind them.
– The account types that Zigber / Belana Group LLC offers are unfair or deceptive. They have very high minimum deposit requirements and very low leverage ratios. They also have very restrictive or hidden terms and conditions that can limit the trading options or benefits of the clients.
Location:
Zigber / Belana Group LLC claims to have its registered address in St. Vincent and the Grenadines, a small island nation in the Caribbean. However, this is a very dubious and suspicious location for an online broker, as St. Vincent and the Grenadines do not have any financial regulator or authority that can monitor or supervise the activities of Zigber / Belana Group LLC. This means that Zigber / Belana Group LLC can operate without any accountability or transparency, and can easily evade any legal or regulatory actions or consequences. Moreover, Zigber / Belana Group LLC does not have any physical presence or offices in any other country, despite claiming to have them in London, New York, and Hong Kong. This makes it very difficult or impossible for customers to contact or visit Zigber / Belana Group LLC in case of any issues or disputes.
Customer Service:
Zigber / Belana Group LLC claims to have a professional and responsive customer service team that can assist clients with any queries or problems. However, this is not true at all, as Zigber / Belana Group LLC’s customer service is very poor and unhelpful. Zigber / Belana Group LLC’s customer service agents are either unavailable or unreachable, as they do not answer the phone calls or emails of the clients. Or, they are very rude or aggressive, as they pressure the clients to deposit more money or threaten them with legal action. Zigber / Belana Group LLC’s customer service also does not provide any solutions or resolutions to the issues or complaints of the clients, but rather ignores them or blames them for their own losses.
Conclusion:
Zigber / Belana Group LLC is a scam online broker that should be avoided by all investors. Zigber / Belana Group LLC is not regulated or licensed by any authority and has been warned by the FMA of Austria. Zigber / Belana Group LLC has very negative customer reviews and feedback and has been accused of scamming many customers. Zigber / Belana Group LLC’s products and services are fake or of very low quality, and do not offer any value or benefit to the clients. Zigber / Belana Group LLC’s location is dubious and suspicious and does not have any physical presence or offices in any other country. Zigber / Belana Group LLC’s customer service is poor and unhelpful and does not assist the clients with any queries or problems.
