Is ZoraFX safe and legit？ Full review
ZoraFX is a United Kingdom broker established in 2018 and regulated by the Financial Crimes Enforcement Network (FinCEN). It holds a full license for the MT4/5 trading platform and operates on the MT5 software. Customer service supports English and is reachable via email, though response times may be lengthy. Its influence rating is C. Notable advantages include FinCEN regulation, a full MT4/5 license, and a long operating history, while disadvantages include multiple disclosures, the absence of biometric login options such as fingerprint or Face ID, and expected slow customer support responses.
Regulatory Compliance and Security
ZoraFX is regulated by the Financial Crimes Enforcement Network (FinCEN), with Zora Capital Group limited as the regulated entity. The regulatory status is Regulated (States: 600), with a safety level of Level 1.
Trading software
ZoraFX uses the MT5 trading platform and holds a Full License for MT4/5. The platform is highly customizable, available in multiple languages, and offers clear expense reports, though it lacks two-step login and biometric authentication. The software experience is rated as Perfect.
MT4/5 Server Distribution:
- ZoraCapital-Server (Germany)
- ZoraCapital-Server (Finland)
Customer Service
ZoraFX's customer service supports 1 language (English). Customers can contact them via email for answers to most inquiries; however, response times may be lengthy.
⚠️ Note: Most inquiries can be answered via email, but response times may be lengthy.
Influence
ZoraFX has an influence rating of C. Its influence is mainly distributed in Turkey and the United States, with an average influence index of 5.04.
5-10 years
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