TradGrip positions itself as a highly reliable broker, but in reality, it’s an offshore site with serious security flaws. TradGrip.com is operated by Zenith Markets PLC, which is not registered with the UK Companies Registry. You won’t find any owners, a real team, reports, or documents, and you won’t receive any assistance if your deposit is stolen. Negative reviews and independent investigations confirm the high risk of this project.
TradGrip Exposed: Offshore Scam, Fake License & Stolen Deposits — Investigative Review
Tradgrip claims to be a licensed broker with transparent commissions, thousands of clients, and millions in turnover on its website.
Firstly, the project has the weakest of the available licenses – an offshore Mwali license, acquired with money. Furthermore, the license was obtained by Zenith Markets PLC, a company that doesn’t exist. It has the prefix PLC and a name similar to other companies, but there are no specific entries for “Zenith Markets PLC” in UK registries. The company’s name and activities are fictitious, and there are no documents regarding its reports or activities. This is a serious red flag for fraud. Remember that even a single letter in a company’s name distinguishes it from other firms, and be wary of similar names or outdated brands.
The screenshot shows that Zenith Markets PLC is not registered with the UK Register of Official Companies. Simply put, many people confuse Zenith Markets PLC and Zenith Markets LTD. However, Zenith Markets LTD is not a brokerage company and was closed. Moreover, they undoubtedly have different names, which was done intentionally. Someone decided to exploit this trick and mislead inexperienced investors by playing with names. Zenith Markets PLC is an illegal offshore shell company that does not appear on the UK public register, while Zenith Markets LTD is a private company that closed many years ago. Tradgrip is engaged in fraud and the dissemination of false information, and, judging by the facts, it has no official representative.
Secondly, the platform has only existed since late 2024, with no prior mentions, and its thousands of clients and millions of dollars in turnover are fictitious. It’s a little-known offshore crypto brokerage scam operating primarily in India.
And finally, the third important fact: Tradgrip doesn’t disclose information about its owner, team, or officials. There’s no one to answer clients’ questions and inquiries—anonymity is absolute, which is how only fake platforms operate. Independent analytical reviews of Tradgrip claim the broker is a complete trap for client deposits, and the owner runs a whole line of similar licensed scams.
The myth surrounding their claim of transparent account opening fees: the project only allows you to open an account in cryptocurrency, after which the wallet is blocked, and the exact fees are not listed on the website. So, the broker claims we’re different from others by offering very transparent fees, but the difference is that while others list fees, here, on the contrary, there’s no information about them. A check of TradGrip’s address reveals that there’s no broker there and that it’s a shell company.
TradGrip Review: Fake Client Numbers, Purchased Reviews and Manufactured Trust
We’ll conduct an expert, demonstrative, and revealing interview with Tradgrip. Since there’s no information about the project in any legal registries other than MISA (Comoros), we’ll search for legal information on the website itself, tradgrip.com.
Although the broker claims to be legitimate, the information disclosed in the website’s footer is incomplete—the disclaimer is misspelled, and the management company is listed as Zenith Markets PLC. Apart from a single entry in an offshore registry, nothing useful can be found about this company.
We’ll open the legal section on the broker’s website to find the names of owners or contact information, office addresses, liquidity providers, or anything else typical of legitimate brokers.
Website and Legal Inspection
Here we see the same information about the offshore company and the ghost company. We try opening other pages, but the “Terms & Conditions” section doesn’t open, either because of an error or because it wasn’t created. After analyzing the Risk Disclosure Policy page, we see many red flags typical of a scam.
Below is a detailed breakdown explaining why engaging with this company is extremely dangerous.
1. Fake Status (Manipulation of the “PLC” Title)
The company styles itself as Zenith Markets PLC. The abbreviation PLC (Public Limited Company) is primarily used in the United Kingdom and Ireland to denote public companies listed on a stock exchange. This designation implies the strictest levels of auditing, transparency, and capitalization.
However, the document states the company is registered in the Union of Comoros. Using “PLC” in the name of an offshore entity is a cheap trick designed to create an illusion of reliability and scale. It is most likely a shell company.
2. A “Tick-Box” License (Mwali / Comoros)
The document (Clause 1.1) claims regulation by the MWALI International Services Authority (MISA), license number BFX2024031.
- What this means: The Island of Mwali (part of the Comoros) is a popular offshore zone where a brokerage license can be purchased remotely for a few thousand dollars without real background checks.
- Risks: This regulator does not protect your money. There is no compensation fund (unlike in Europe or the US). If TradGrip disappears with your funds, the Mwali regulator will offer no assistance. This is a “paper” license.
3. A “Mass Registration” Office
Registered Address: Bonovo Road- Fomboni Island of Mohéli- Comoros Union.
- This is a mass registration address. Hundreds, if not thousands, of dubious crypto projects and “kitchen” forex brokers are “located” at this address. There is no physical office or staff there.
4. Document Analysis (The Contract Absolves Them of All Liability)
While the document looks like a standard risk disclosure, in the context of an offshore registration, certain clauses sound like a sentence for the client:
- Clause 2.6 (Insolvency):“The Company’s insolvency or default may lead to your positions being liquidated or closed out without your prior consent.” Translation: If they decide to shut down (pull an “exit scam”), they will simply close your accounts, and you will have no recourse.
- Clause 6 (OTC / Over-the-Counter): They explicitly state that trading is Over-the-Counter (OTC). What this means: You are not trading on a real exchange. You are trading against the casino (the broker). They draw the charts, and they provide the quotes. If you win, they lose money. Offshore, they have carte blanche to manipulate prices (“stop hunting” or “spiking”) to drain your deposit.
- Clauses 5.4 and 5.6: The Company disclaims responsibility for any recommendations, news, or tools from third parties. Even if their manager gives you advice that loses you money, they will say: “We are not responsible, you clicked the button yourself.”
- Clause 9.3: Mentions the client’s right to cancel a trade “for a period of at least 2 seconds”. Detail: This is very strange wording, uncharacteristic of serious CFD brokers. It looks more like a remnant from binary options platforms or text simply copy-pasted from another template site.
5. Signs of a Scam (Summary)
| Indicator | Assessment |
| Regulation | Critical. Offshore (Comoros), no licenses from Tier-1 regulators (FCA, CySEC, ASIC, etc.). |
| Name | False. Pretends to be a Public Limited Company (PLC) while being an offshore shell (IBC). |
| Address | Fake. Virtual address on an island in the Indian Ocean. |
| Fund Protection | None. No segregated accounts, no insurance. |
Expert Verdict:
TradGrip (Zenith Markets PLC) is 99.9% likely a fraudulent project (scam).
They have created an appearance of legality through cheap offshore registration to accept deposits from inexperienced traders.
- Do not transfer money to them.
- If “analysts” call you from there promising guaranteed profits, it is a scam.
- If you have already transferred money, they likely will not let you withdraw it voluntarily (they will demand payment of “taxes,” “insurance,” etc., to extract even more money from you).
What Are The Reviews of “TradGrip”?
Unsurprisingly, TradGrip has a plethora of positive, generic reviews and testimonials—all of them paid. It’s impossible to read about millions of clients using mobile apps and services that don’t exist. A simple app store check and a test account reveal it’s a scam with no software and an old web terminal for cryptocurrencies—at the level of typical fly-by-night companies with a large marketing budget. The rare reviews: TradGrip Reviews 2026: Real User Opinions – show the real picture. Incidentally, the positive reviews are also fabricated; most real clients haven’t withdrawn a cent from the platform; the money simply disappears—social media and forums are blaring the rumours.
Comparison: TradGrip vs. Regulated Broker
| Feature | Regulated Broker (FCA/ASIC) | TradGrip (Scam) |
|---|---|---|
| License | Strict oversight, audits | Fake / Bought Offshore (Mwali) |
| Fund Safety | Segregated Accounts + Insurance | None (Money goes to owner’s pocket) |
| Withdrawals | Processed within 24h | Blocked / Ignored |
| Transparency | Public CEO & Office | 100% Anonymous |
FAQ: Legal & Technical Facts About TradGrip
The term PLC (Public Limited Company) is legally reserved for major public companies in the UK/Ireland with strict reporting standards. TradGrip uses this acronym while being registered in the Comoros (Offshore). This is a deliberate “Status Hijacking” tactic to make a shell company look like a global financial institution.
Our analysis of TradGrip’s Risk Disclosure Policy revealed Clause 2.6, which states that the company can close all your positions without your consent if they declare “default.” In simple terms: they have legally absolved themselves of responsibility if they decide to disappear with your money (Exit Scam).
Absolutely not. Legitimate brokers deduct fees automatically from the withdrawal amount. Asking for a separate transfer (e.g., “15% Insurance Fee” or “Blockchain Tax”) is a classic Advance-Fee Scam. Do not pay it — you will not get your money back, and you will lose the extra payment too.
No. The Mwali International Services Authority is a Tier-3 offshore registry that sells licenses for a fee but does not enforce segregated accounts or offer an Investor Compensation Fund. Unlike the FCA (UK) or CySEC (EU), MISA cannot help you recover stolen funds.
Yes, tradgrip turned out to be a scam. My unlucky sister was trading there in the black, which was strange considering she’s not a trader and always has bad luck. But a month ago, she cried because the broker tradgrip stole her money and cheated her out of additional commissions. She said that the police told her that such a company doesn’t exist in the UK and it’s an offshore scam.