By Areena Fx⚠️ Is ZForex a Scam? Absolutely—Here’s Why You Should Stay Away
ZForex is the latest addition to our scam broker list, and for good reason. Multiple traders have reported serious issues with this broker, including funds being stolen, ridiculous spreads, and a completely inactive trading environment.
If you’re considering trading with ZForex—don’t.
đź’¸ Stolen Client Funds: Withdrawals Blocked
Dozens of ZForex clients have reported that they were unable to withdraw their funds after depositing. Some saw their accounts blocked; others got ghosted by support. These are textbook signs of a forex scam. ZForex is clearly not a legitimate broker and is operating with the intention to steal from unsuspecting traders.
📉 Abusive Spreads & Hidden Charges
One of the biggest complaints is that ZForex operates with extremely high spreads — far above the industry norm. This makes it almost impossible for traders to earn profits, as most of the gains are eaten by the spread itself. It’s a common trick used by scam brokers to drain accounts slowly without raising immediate suspicion.
đź’¤ A Dead Trading Platform
Another alarming issue: ZForex’s trading environment is nearly non-functional. Users report delayed execution, frequent platform downtime, and a complete lack of real market activity. This points to either fake trading software or a broker that has shut down backend operations and is preparing an exit scam.
❌ ZForex Is NOT Regulated
ZForex is not licensed or regulated by any reputable financial authority. That means your funds have zero protection, and legal action against them will be extremely difficult. Always verify a broker’s regulation status before depositing any money.
âś… What You Should Do
- Avoid depositing any money with ZForex.
- Withdraw your funds immediately if you still have access.
- Report the scam to your country’s financial regulator or submit your case to forex scam recovery platforms.
- Warn others by sharing this article.
Stay Safe—Only Trade with Regulated Brokers
Always do your due diligence and only choose trusted, regulated forex brokers. Scam brokers like ZForex can disappear overnight—and when they do, your money goes with them.