ZBX Exchanges has been flagged by Malta Financial Services Authority for "Unregistered/Unlicensed entity offering financial products or services". The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware of an entity by the name of ZBX Exchanges which has an internet presence at https://zbx-exchanges.com. This website is using the details of an MFSA licensed company Zillion Bits Ltd (C 88757). Fraudsters a... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I signed up with ZBX Exchanges through a forum discussion and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Quick verification|Wide product range|Fast support response
Cons: None so far|Slow to add new assets
After seeing ads for ZBX Exchanges online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Malta Financial Services Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Pros: Website looks legitimate on the surface
Cons: Unauthorized firm|Found in IOSCO warnings database
After doing some research AFTER the fact (I know, I should have done this first), I discovered that ZBX Exchanges is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Professional looking website
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
Do not use ZBX Exchanges for anything serious. I used them for roughly four months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Clear documentation|Portfolio tracking tools|Helpful community forum
Cons: Nothing significant|Search feature is basic
After for nearly two years with ZBX Exchanges 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: Responsive team|Good analytical tools|Market news feed
Cons: Minor UI glitches occasionally|No integrated tax optimization
The onboarding at ZBX Exchanges 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: Educational resources|Intuitive for beginners|Detailed reporting|Fast deposits
Cons: Some tools only available on higher tiers|Website design could be more modern
ZBX Exchanges offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Stable platform|Multi-device support|Tax reports included
Cons: Wait times can be long during peak hours|Wish they had more educational resources
My withdrawal from ZBX Exchanges was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for close to eighteen months of being strung along.
Pros: Dividend tracking|Helpful community forum
Cons: Spreads widen during volatile periods