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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