Evolution Zenith / evolution-zenith.com has been flagged by Swiss Financial Market Supervisory Authority for "Other". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The platform at Evolution Zenith / evolution-zenith.com is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for about ten months of dealing with this, I have had enough.
Pros: Intuitive for beginners|Fast deposits|Dedicated account manager
Cons: No dark mode on mobile
Tried to withdraw my funds from Evolution Zenith / evolution-zenith.com and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
The onboarding at Evolution Zenith / evolution-zenith.com was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Portfolio tracking tools|Customizable dashboard|Economic calendar
Cons: Inactivity fee applies after 12 months
After since last summer with Evolution Zenith / evolution-zenith.com I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Easy withdrawals|Real-time alerts|Social trading features
Cons: Charting tools need more indicators
I wanted to transfer my portfolio from another broker to Evolution Zenith / evolution-zenith.com. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Comprehensive tools|Portfolio tracking tools
Cons: Slow to add new assets
I was about to invest with Evolution Zenith / evolution-zenith.com but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Swiss Financial Market Supervisory Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Flagged by Swiss Financial Market Supervisory Authority|Cannot verify credentials