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Zara FX

Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.zara-fx.com

Website

Rating Index

Contact

+971 547024401
support@zara-fx.com
https://www.zara-fx.com
Suite 305 Kingstown Griffith corporate centre st Vincent and Grenadines

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

Contact number

English

+971 547024401

Broker Information

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Company Name

Zara FX

Company Abbreviation

Zara FX

Platform registered country and region

Saint Vincent and the Grenadines

Company website
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Instagram
YouTube

Pyramid scheme complaint

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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 current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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Zara FX · Company Summary

Registered in St. Vincent and the Grenadines
Regulated by FINTRAC
Year(s) of establishment 2-5 years
trading instruments Currency pairs, indices, commodities, metals, energy, cryptocurrencies
minimum initial deposit Information not available
Maximum Leverage 1:500
minimum spread 0.0 pips onwards for initial accounts
business platform MT4, MT5
Deposit and withdrawal method payeer, neteller, bitcoin, perfect money, VISA and MasterCard
Customer service Email/phone number/address
Exposure of fraud complaints Not for now

general information and regulations Zara FX

Zara FXis supposedly a St. Vincent and the Grenadines-based forex broker that provides its clients with flexible leverage of up to 1:500, floating spreads as low as 0.8 pips, as well as a choice of three different account types.

In the following article we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you're interested, read on.

At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the features of the broker at a glance.

General information

market instruments

currency pairs, indices, raw materials, metals, energy, cryptocurrencies... Zara FX allows clients to access a wide range of trading markets. therefore both novice and experienced traders can find what they want to trade Zara FX . stock trading is currently not available.

market instruments

spreads and commissions for trading with Zara FX

Spreads and commissions are available in the trading account types section, where we can see that for the starter account, the minimum spreads are 3.0 pips, and the commission is zero for forex, metals and commodities.

account types for Zara FX

demo account: Zara FX provides a demo account that allows you to test the financial markets without the risk of losing money.

live account: Zara FX offers a total of 4 account types: starter, vip, business and professional. the minimum deposit to open an account is not clear, and we can see that the main differences between them consist in the costs and trading conditions.

account types

trading platforms offered by Zara FX

When it comes to trading platforms, clients can choose between the market leaders MetaTrader4 and MetaTrader5, which can be accessed on many devices.

However, have you ever wondered or are you wondering which platform you should be using? Our team has the corresponding article for your reference. The article details the similarities and differences between the two and gives specific advice.

https://www.wikifx.com/es/wikishow/202207208464173722.html

trading platform

leverage offered by Zara FX

Zara FXoffers a maximum leverage of up to 1:500, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can increase your profits, it can also result in a loss of capital, especially for inexperienced traders. therefore, traders must choose the correct amount according to their risk tolerance.

Deposit and withdrawal methods and fees

Zara FXoffers deposits and withdrawals 24/7 for its clients. possible payment methods are payeer, neteller, bitcoin, perfect money, visa and mastercard.

deposit and withdrawal

Educational resources

A number of educational resources are available at Zara FX , such as glossary, videos, news.

educational resources

customer service of Zara FX

Below are the details about customer service.

English language

Service hours: 24/7

Email: support@zara-fx.com

Telephone number: +971 588876865

Address: Kemp House, 160 City Road, London, EC IV 2NX (United Kingdom)

Social networks: Facebook, Instagram, Youtube

customer support

Exposures of the users in WikiFX

We have not received any reports of fraudulent activity at this time. However, this does not necessarily mean that this broker is safe and you should remain vigilant to avoid getting scammed.

advantages and disadvantages of Zara FX

advantages:

well regulated

High level

MT4, MT5

Enough information

Educational resources

many instruments available

demo account

business copy

Disadvantages:

We have not noticed very serious disadvantages.

frequently asked questions about Zara FX

Is this broker well regulated?

Yes, it is currently effectively regulated by FINTRAC.

How much leverage does this broker offer?

the maximum leverage of Zara FX is 1:500. Please note that this leverage may only be available for some accounts and products. Please refer to our articles or dealer website for specific information.

What trading platforms does this broker offer?

the platform it offers Zara FX it is mt4 and mt5.

News

Zara FX Won The “ Fastest Growing Broker” Award In FIN Expo Egypt 2022

NewsZara FX Won The “ Fastest Growing Broker” Award In FIN Expo Egypt 2022

2022-10-13 12:07

Zara FX has risen to new heights, winning the prize for “Fastest growing Forex Broker” at the Egypt 2022 Forex Expo, and strives to lead the way forward through the use of cutting-edge technology, creative systems solutions, low-cost commissions, and unmatched customer care

WikiFX
2022-10-13 12:07
News
Zara FX Won The “ Fastest Growing Broker” Award In FIN Expo Egypt 2022

User Reviews

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User comment

10

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FX1637538389
more than one year
I'm disappointed by the lack of response from their support team. Despite attempting to reach out through various channels such as chat, email, and even phone calls, I haven't received any reply. This lack of communication is concerning and makes it difficult to trust the reliability of their service.
2024-03-08 12:08
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0
0
Alex6522
0-3months
I would like to report ZaraFX Ltd. (also known by the brand names ZaraFX and ArazFX) for stealing my funds. Currently I'm having a balance of $222,239.21 that I can't withdraw because they are simply not processing the withdrawal requests. I believe there are many more victims of these fake brokers, so I want you to know that ZaraFX are even illegal in UAE as they don't have a proper license and office in UAE. My withdrawal requests for all remaining balance are pending since 31/01/2024. I've personally spoken to their CEO and Relationship Manager many times but they are simply not giving my funds and trying to delay everything. Currently I've reported ZaraFX with SCA UAE and their offshore (FSC Mauritius, FSA SVG and Mwali International Services Authority) regulators and in the process with others. Beware them.
2024-03-06 21:07
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0
0
sudhi1557
6-12months
Customer service is worst . Bank account details should be uploaded in recent update. I uploaded the bank account details, but it was not verified and so I couldnot withdraw money. I informed the customer care about this issue, but the person was on customer service misled me, and I had to contact an outside person to make it clear. Very irresponsible people are sitting in Customer Service, I don't know whether it is a bot. Whatever it is, withdrawal is difficult. I have been trying for a week to withdraw a small amount. No use. Their agents, I think, are same as them.
2024-01-06 00:53
Reply
0
0
sudhi1557
6-12months
Customer service is worst . Bank account details should be uploaded in recent update. I uploaded the bank account details, but it was not verified and so I couldnot withdraw money. I informed the customer care about this issue, but the person was on customer service misled me, and I had to contact an outside person to make it clear. Very irresponsible people are sitting in Customer Service, I don't know whether it is a bot. Whatever it is, withdrawal is difficult. Their agents, I think, are same as them. Thank you.
2024-01-06 00:27
Reply
1
0
FX1524779398
more than one year
Zara FX’s platform speed was the first thing that grabbed my attention. Amidst the wild and whirling EUR/GBP rate, that was bouncing like a ping pong ball, their platform hardly ever slipped, no more than 0.1%. Easy navigation through the dashboard was another huge plus. Once, I encountered an issue with an order execution — but that's when Zara FX's customer service swooped in like superheroes. My issue was resolved in just under 10 minutes, a commendable feat during such tumultuous times.
2023-12-01 18:29
Reply
0
0
FX1524216419
more than one year
My ZaraFX trading journey has been largely a walk down a high-fashion runway. Their chic platform, competitive spreads, spot-on trading signals, and excellent customer service team have me anticipating the next collection. A faster withdrawal process would be the perfect accessory to finalize their ensemble. If you’re planning your Forex trading wardrobe, ZaraFX is a piece worth acquiring. 👍👍👍
2023-11-30 18:23
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0
0
Faisal2545
6-12months
I had a very bad experience with this team. As they recommended, I started copy trading with Capsgain with 30% percent profit share. My investment was 10,000$, but I lost everything due to a wrong position taken by the copy trading team. My repeated warnings to this team have led to your copy trading becoming a failure. That position got to an enormous loss, and I have lost everything. I had a bad time with my relationship managers, Abhirind and Suhail.
2023-06-20 16:09
Reply
0
0
烟花易冷,人事易分。
more than one year
Great support and education. Receive frequent updates on the market. Very helpful for newbie traders like myself to gain knowledge and learn how to trade.
2023-02-27 17:45
Reply
0
0
FX1072434089
more than one year
One of the worst broker I have ever experienced, customer support is so terrible, and the only thing that could arise their interest is your deposits… so speechless. Trust me guys, this is definitely the last broker you want to trade with.
2022-12-02 15:31
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0
0
执著42409
more than one year
Very bad experience! The customer service response speed is too slow. I'll admit that sometimes they do respond quickly, but most of the time it's very slow. It's on and off. It's not 24 hours at all. I'm tired of waiting for them, always.
2022-12-02 14:51
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0
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