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Operating status: SCAM
Website: https://www.zylotrade.com/

On April 27, 2023, the British Columbia Securities Commission (BCSC) issued a warning against Zylo Trade, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2023/zylo-trade-limited
Zylo Trade displayed a lot of certificates of incorporation across many countries to appear legitimate. However, it is important to note that a broker's legitimacy and reliability lie in the regulatory status. Having registration doesn't mean being regulated by recognized financial regulators to offer financial products or services legally. What's more, we noticed that this broker said in the FAQ section that they are registered in the UK. However, our search for it in the Financial Conduct Authority (FCA) didn't yield any results. In addition, the British Columbia Securities Commission (BCSC) has issued a warning against Zylo Trade, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC.
In essence, Zylo Trade is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
BrokersView found that the domain "https://www.zylotrade.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
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