The analysis is spot on.
What in particular concerns me is the lack of any type of registration seemingly anywhere. I don't mind if a privacy focused VPN said they don't register at all in any country and stated the reasons as to why, but this company seems to have lied.
"The Seychelles kind of belong to the 'non-aligned' group of countries, and maintains decent relations with Russia, India, China and so on. They also advocate for a diminished US presence in the Indian Ocean. On the other hand, they're a member of the british Commonwealth and only got independence in 1976."
Seychelles is a great place to register for a privacy focused service but I agree with you that being a member state of the British commonwealth is concerning. Could you possibly recommend any place that would be better to register such as service?
"Trust.Zone sure looks fishy but I can't tell from this whether they are surveillance for the UK, traffic to hide in for russian authorities and cyber crime groups or something else entirely. I'd avoid them unless I was already into grey or directly criminal activities and already had layers of protection and indirection in place."
It gives the worst vibes possible for a supposed security service.
Trust.Zone offers a free trial which I signed up for to test with a disposable VM. This is where I learned how they keep user credentials and other major privacy issues, such as the logging I mentioned in my last comment. The support also sent a very questionable reply to a ticket where they wanted to do screen sharing and run an arbitrary script on my server to "diagnose" the issue.