Zodiac Speck

Investigating Zodiac Speck: A Comprehensive Review

In this Zodiac Speck review, we will tell you about a unique Forex/CFD scam broker. They have created a completely useless and uninformative website, containing not a single byte of accurate information, yet actively luring in client funds. The scammers’ goal is clear — to take traders’ money. If you don’t want to fall victim to them, we recommend familiarizing yourself with the material we’ve provided.

Key Takeaways:

• The company lacks official registration, a license, and other attributes of a legitimate broker.
• Traders won’t find trading conditions or payment details on the official website.
• The minimum deposit of $10,000 is too high for most potential clients of the broker.

Is Zodiac Speck Trustworthy?

We weren’t exaggerating when we said the broker hasn’t provided a single byte of accurate information. On Zodiac Speck’s official website, there isn’t even information about their registration or the existence of a license. We fully understand that we’re dealing with a scam project whose creators didn’t even bother to make up a backstory. However, to be thorough, we’ll prove this with facts.

On the company’s contact page, there is an address in London and London-based phone numbers. It’s reasonable to assume that the company is registered in England and operates under a local regulator’s license. Let’s verify this by checking the Companies House database.

We find that the search in the registry yields no relevant results. However, the broker does not provide any other information regarding the location of their offices or registration. Likely, this means there simply isn’t any.

This allows us to draw an unequivocal conclusion: the company isn’t registered anywhere. The broker exists only online and provides services solely through the internet (it’s tempting to call them “virtual” services). They don’t have a license either, not from the British regulator or any offshore authority. Since offering brokerage services without a license is prohibited, the company’s activities are entirely illegal.

We’re not wrong to call these services “virtual.” Without official registration, it’s impossible to enter into a contract with providers of market data (quotes). This means that Zodiac Speck receives its data from dubious sources and executes client orders on its own. Do you still consider trading organized in this way to be legitimate?

We also mentioned the lack of a registration date. We can obtain this information ourselves by querying the Whois service, which provides the date of domain registration. Obviously, the broker cannot operate online without a domain.

We see that the domain zodiacspeck.com was registered only in May 2024. In reality, this virtual company has been operating for only five months. For a real broker, this is far too short a time to establish a good reputation. For a scam, however, this is a respectable age; the project could close down any day now.

The fact that Zodiac Speck is a scam can be seen just from its official website. Have you ever seen a legitimate broker’s site that:

• Has only 3 pages and 3 official documents.
• Doesn’t list the available markets, trading instruments, or contract specifications.
• Lacks trading conditions.
• Doesn’t provide the company’s payment details or available payment methods.
• Prevents registration unless you have a referral code, despite the broker not running an affiliate program.

Some might call this nonsense. In reality, many scam brokers operate this way. They hide all information from traders, confident that their primary audience — market newcomers — doesn’t need it and might even find it overwhelming. After all, what if someone evaluates the platform’s offerings correctly, refuses to trade, and starts writing negative reviews online?

Exploring Fees and Charges

For a trader, profit isn’t the only important factor. They are also concerned about the costs, which can significantly impact financial results. However, for those who have opened accounts with Zodiac Speck, this question remains unanswered.

It seems as though the broker has no idea what their clients want. Traders can’t calculate the costs of making and maintaining trades because they don’t know:

• Spreads on instruments.
• Swap fees (the cost of holding a position overnight).
• Trading commissions.

Can such a model work? We think not. Of course, you can determine all these parameters experimentally during real trading. But this approach risks unnecessary losses. However, the broker certainly won’t be upset about that — any loss the client suffers translates directly into a profit for the company. Is this the reason Zodiac Speck doesn’t offer a demo account, even though it’s promised on the homepage?

There’s also no information on fees for deposits and withdrawals. In fact, the broker doesn’t even disclose which payment services are used for non-trading operations. But we are 100% sure that any fees for incoming and outgoing transactions are passed on to the client.

How User-Friendly Is the Trading Platform?

We were disappointed that we couldn’t get acquainted with the Zodiac Speck trading terminal. We simply couldn’t register without a referral code, and the broker’s support team never responded to our request. So, we didn’t get a chance to explore the supposedly cutting-edge trading platform used by millions of traders worldwide.

However, we were unexpectedly helped by the developers of the broker’s official website. One of the links took us not to the personal account login page but directly to the trading platform. It turned out that the company uses a terminal from Easy Technologies, familiar to many experienced traders. Its main advantage is the support for multi-chart mode.

The drawbacks of this software, however, are far more numerous. The most notable include:

• Poorly organized market overview. The list of available instruments is user-adjusted, which significantly slows down the process of opening a price chart for the desired asset. The search system and adding assets to favorites don’t solve the problem.
• A limited number of graphical analysis tools — just 5 — which significantly restricts the implementation of many trading systems.
• No tools for developing trading robots or indicators. There’s also no way to connect such modules.

In conclusion, this terminal isn’t even in the same league as industry leaders like MetaTrader or TradingView.

So why does Zodiac Speck use this software? The answer is simple. According to client reviews, the server administrators can easily adjust the price data flow at their discretion. Of course, this isn’t honest trading. But it’s only a disadvantage from the trader’s perspective. From the broker’s point of view, it’s an undeniable advantage.

What Do Clients Say?

We expected that after five months of activity, there would be enough Zodiac Speck reviews available to get an objective picture of the broker. In some ways, we were right: the company is already well-known in the community. However, the objectivity of the opinions is not so straightforward.

Let’s start with the fact that most posts about the platform are found on the reviews.io portal. There are over a hundred of them, and the overwhelming majority of authors (nearly 80%) rate the broker highly, with most reviews being in Spanish. Many of these publications are similar in content: they thank the platform for something positive (support, manager assistance in trading, favorable conditions, etc.) and recommend opening an account. However, the remaining 20% (mostly recent comments) claim that the scammers at Zodiac Speck stole their money and promote various chargeback services. Neither of these groups gained our trust.

However, there are plenty of reviews of the company on niche sites across the internet. Here, the situation is much more straightforward. Experts publishing on these portals almost unanimously assert that the broker is a scam and warn users about the potential for fraud. Their arguments differ a little from those we have outlined above. Therefore, we hope traders will heed our warnings and make the right conclusions.

Final Thoughts: Can You Rely on Zodiac Speck?

In our Zodiac Speck review, we aimed to highlight the signs that the broker was created by scammers. These include illegal operations without registration or licensing, missing payment details, undisclosed trading conditions, and the inability to register independently. While these issues are plainly visible, we believe they are sufficient to understand that the company cannot be trusted. To avoid becoming victims of scammers, it is best to refrain from cooperating with them, and certainly not to send them any money.

Strengths and Weaknesses