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The WikiFX Score of this broker is reduced because of too many complaints!

YUM

United Kingdom|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

https://zoro-forex.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
YumGroupGlobal-Demo MT4
Server Location Japan

Contact

support@yum-forex.com
https://zoro-forex.com/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Broker Information

More

Company Name

YUM Group Global Limited

Company Abbreviation

YUM

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Others

The well-known US MSB regulatory unit-allows the fraud platform to continue to deceive, no withdrawal, no supervision

ZORO Global Limited was a fraud platform uses the US MSB regulatory unit to gain trust from the victim and commit fraud. It is conceivable that the US MSB regulation cannot supervise or dispose of ZORO Global Limited. It was said that this fraud platform used money to buy the US MSB regulatory agency to prove that it is free from fraud in other places and does not give money. Very terrible fraud platform. It is impossible to imagine how the ZORO Global Limited applied for the certificate of US MSB supervision. Could it be brought? oh my god!

2021-11-17 16:59
Scam

Beware. ZORO Global Limited was a fraud platform. Take care

I was cheated: I infer that many fraud platforms operate like this. After strangers added you on line, they will maintain good interaction with you (greetings in the morning and evening). After gaining trust, they will tell you that there is a highly profitable foreign exchange margin investment method to induce them to join foreign exchange investment (Zoro forex) and provide profit information (MT4). (1) When I expressed that I wanted to deposit, the personnel of the Zoro Global Limited platform would provide a personal account of a bank in Taiwan, which was not the special account of the platform. That was to say, I was cheated and transferred the money from my account to someone else's account. At that time, I raised my doubts. The exchange said that such transfer was relatively fast. If I went to the special account, it would take several days. I accidentally believed this statement. Later, I was surprised that there was no special account at all. (2) When it was indicated that the fund was to be released, the platform used other people's accounts to transfer it to my account. After I confirmed that the fund could be released, I unknowingly invested about 80000 ~ 90000 US dollars. This process was guided to place an order for BTC several times, and the position was closed in a few seconds. The fund was immediately empty. About a month later, the nightmare began, and my bank account was listed as a warning account. The bank said that this was a fraud. I am surprised that my account has become a head account, allowing the fraud group to take advantage of the profit, resulting in being listed. Up to now, all my bank accounts have been listed and can not be used. Please pay more attention to your good friends and don't join the fraud platform. (3) It is conceivable that the Zoro Global Limited exchange was established to defraud the pig market, and may use investment profits and other means to attract members. Fraud and money laundering in Hong Kong, Taiwan or other places, mutual transfer between platform members and head accounts, and many breakpoints are set up. As a result, they can not be traced smoothly. When they find themselves cheated, they are powerless. They are the victims, but they become the perpetrators because of the money. Zoro global claims to have applied for a US MSB license(https://www.fincen.gov/), it means that there is no real supervision of MSB in the United States. There is only mailbox on Zoro Global's official website, but there is no other contact information, which shows that it does not deal with the problems of any members. I believe that this group must have set up many fraud platforms, domain name: zoro-forex.com, web host IP address: 106.3.84.146.

2021-11-13 08:04

    YUM · Company Summary

    We could not get relevant information due to failing to visit the official website, besides, the information is not available on other websites as well, thus, clients only take a poorly-conceived browse. In addition, if clients would like to know something detailed, please try to visit the official website, although it is likely that it does not work. Besides, the official website is as follows: https://zoro-forex.com/

    General Information & Regulation

    ZORO Global, owned by ZORO Global Limited, is an emerging corporation registered in the United Kingdom with 2 years in business, other than that, we could not find any valuable information about it on the other websites in addition to the registered address.

    Market Instruments

    ZORO Global offers more than 100 tradable trading financial assets, however, we do not know the specific trading assets.

    Accounts & Leverage

    ZORO Global offers a Standard Account with the minimum deposit of unknown amount, concerning the leverage, the leverage is capped at 1:500.

    Spreads

    The spread is variable, and the EUR/USD spread delivered by the platform is 2.2 pips.

    Trading Platform

    ZORO Global is MetaTrader4 (MT4) White Label provider, which is an industry-recognized platform available for free download to PC desktops (Windows/macOS) and mobile devices (Android/iOS).

    Risk Warning

    Trading in leveraged financial instruments carries a high level of risk, including the risk of losing your entire invested capital, and may not be suitable for all investors. The high leverage and volatility of such instruments can work against you as well as for you. Before you decide to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Wherever in doubt, you should consult and receive advice from independent experts, including legal, tax, and financial advisers.

    User Reviews

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    Comments

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    品味人生
    more than one year
    The website fails to provide effective regulatory information, nor clear information about its trading conditions and customer support, which means it is unreliable. Please note that you should exercise extreme caution when choosing a brokerage firm and carefully review client reviews, regulatory information, and other reliable sources to ensure that your funds and information are protected.
    2023-03-27 17:31
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    0
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    FX1287517378
    more than one year
    YUM’S trading platform is too complicated and useless. I do advise that they should develop a more user-friendly and powerful trading software, or buy third-party software.
    2023-02-24 15:38
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