ANSWER ZtronFX is not a regulated or licensed broker for traders even though it states offers that look good to be true.ZtronFX claims to be a licensed broker under regulation of the Investment Industry Regulatory Organization of Canada (IIROC), Australian Securities & Investment Commission (ASIC), and the Financial Services Conduct Authority (FSCA) of South Africa. However, we did not find any results that matched this broker in ASIC or FSCA. Moreover, when we searched in IIROC, we only found a warning against ZtronFX for not being a Canadian IIROC-regulated firm. You can check the full warning from here.The truth is, ZtronFX is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like ZtronFX and trade with licensed brokers.
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