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ZorroTrade

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Operating status: SCAM

Website: https://www.zorrotrade.com/en

Broker violations and abnormal records
  • 2022-06-07 Brokersview has Reviewed that ZorroTrade is an Unregulated Forex Broker

    ZorroTrade claims it is registered in the Bermuda with registration number 51491. However, we did not find any matching result from Bermuda Montary Authority (BMA). That means ZorroTrade is not a regulated forex broker. Letting this broker hold or control customers' money is unsafe and the money cannot be protected by any law. Therefore, it is a scam.

    ZorroTrade claims it is registered in the Bermuda with registration number 51491. However, we did not find any matching result from Bermuda Montary Authority (BMA). That means ZorroTrade is not a regulated forex broker. Letting this broker hold or control customers' money is unsafe and the money cannot be protected by any law. Therefore, it is a scam.

Related Complaints

Q&A

I've seen Zorro Trade before, but im not sure about its regulation. Could you please review it for me? Thx

ElizabetJamison
Malaysia
2022-07-06
ANSWER ZorroTrade is not a licensed or regulated broker even though it states offers that look good to be true. ZorroTrade claims it is a trade name of Notesco Limited, a company registered in Bermuda with registration number 51491. However, we did not find any match results to the company name or the registration number in the Bermuda Monetary Authority (BMA).The truth is, ZorroTrade is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like ZorroTrade and trade with licensed brokers.
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