Zorro Markets Review – Key Disadvantages of This Anonymous Broker

When you look at the Zorro Markets website, you quickly notice a few irregularities. Primarily the ones that are major signs of an investment scam. But it’s important to recognize those on time before depositing the money.

That’s why this detailed Zorro Markets review keeps you safe. Not only can you stay safe from this, but also any other similar investment offers.

Broker status:	Unregulated broker
Regulated by:	No regulations
Operating Status:	Active FX and CFD trading scam
Known Websites:	https://zorromarkets.com/
Blacklisted by:	N/A
Owner:	N/A
Headquarters Country:	N/A
Foundation Year:	2023
Online Trading Platforms:	Web trader
Mobile Trading:	No, only via browser
Minimum Deposit:	$250
Deposit Bonus:	Available
CFD Trading Option:	Yes
Crypto Asset Trading:	Yes  – BTC, ETH, LTC
Available Trading Instruments:	Cryptos, commodities, stocks, forex, indices
Maximum Leverage:	1:200
Islamic Account:	Not available
Free Demo Account:	Not available
Accepts US clients:	US clients are accepted
Global Fraud Protection Experts’ Verdict:	After one domain shut down due to numerous negative reviews, it’s just a matter of time before the other one will be exposed. Anyway, not a good place for investment. But if you have money stuck with this broker, contact our refund team as soon as possible.

Is Zorro Markets Legit or a Scam?

One of the first signs this company is not genuine is the company’s domain change. Usually, those things happen when one domain is burned out. Thankfully, it happened due to Zorro Markets reviews. Nevertheless, if the new “brand” has regulation, that would be a different story. Therefore, we are checking the most trusted databases like FCA, CFTC, ASIC, and BaFin.

If you guessed there’s no information about the company’s license, you were right. Therefore, you have zero reason to trust anything this broker claims.

Traders Experience

As it seems, commenting on Trustpilot about the old domain is not possible anymore. Yet, there are almost 120 comments, and many of those are negative. With this in mind, can we truly trust Zorro Markets broker?

If you see every other trader having withdrawal problems, frozen accounts, or any other issue, there’s no reason to believe that you won’t have the same. But if you experience some of those with this or any other broker, feel free to contact us. Our refund team can advise you adequately on further steps.

How Does Zorro Markets Work?

We can see the Zorro Markets Forex broker is not regulated. Therefore, regulation is not one of their advantages. Instead, they will offer allegedly cutting-edge technology, low spreads, and trusted services. Yet, none of that matters if you can’t withdraw the funds.

Another sign this company is not genuine is the software they are using. But not trading one. They use remote controlling apps like TeamViewer and AnyDesk. If you need assistance through these for trading, you better don’t even start it.

After all, these are often used to access the clients’ bank accounts. If that’s your case, contact our team as soon as possible.

Who Are Zorro Markets Clients?

Surprisingly, this brokerage offers services to most secured traders in terms of regulatory policies without any funds protection feature. Mainly to ones coming from:

• United States
• Australia
• United Kingdom
• Germany
• Netherlands

Still, we encourage you to share your experience with this firm regardless of your country of residence. Or you can contact us directly and talk through your issue.

What Are Trading Platforms Available?

When people say cutting-edge technology in the trading world, they instantly think of cTrader or MetaTrader, since those are leaders. However, it looks like Zorro Markets is far away from such options. Instead, they opted for quite a poor web-based platform.

Even though it might appear reliable, the platform features are only basic ones any other platform has. But to see how that can impact your results, read our Intelex.io review.

Is the Zorro Markets Mobile Trading App Available?

The biggest downside of any web-based platform is the lack of trusted mobile apps. Consequently, iOS and Android users need to rely on browser speed, and fairly, nothing is convenient for use over the browser. Not even social media, not to mention trading software.

What Financial Instruments Does The Platform Include?

Generally speaking, an instrument offer goes into the second plan if you don’t have reliable services. It would have been a different story if the broker had been legitimate and licensed. Anyway, the offer consists of:

• Forex – GBP/USD, AUD/HKD
• Commodities – gold, silver
• Shares – Walt Disney, Netflix
• Indices – DAX30, NASDAQ
• Crypto – BTC, XRM

Account Types Offered by Zorro Markets

Overall, the Zorro Markets account types don’t reveal much information. Allegedly, traders get a bit lower spreads, and they are required to deposit more money. Yet, nothing significant is given in return.

Anyway, the offer is:

• Basic – 250 EUR
• Business – 2.500 EUR
• Premium – 50.000 EUR
• Dedicated – Invitation only

Can a Trader Use a Zorro Markets Demo Account?

Before you even think of depositing, you should use a demo account and explore the platform possibilities. Or the lack of such, if you like.

But exactly for that reason, with a lack of advanced features, the Zorro Markets broker doesn’t have a demo account option available.

Zorro Markets Fees, Leverage and Commission

As can be seen, the leverage offered by this broker goes up to 1:200. Yet, all EU-regulated brokers can provide a maximum of 1:30, while US-regulated brokers can offer up to 1:50. These standards are not set without a reason. Nevertheless, spreads starting from 0.4 pips are quite attractive. But rarely that low.

In any case, traders don’t have transparent details about fees or commissions, which is another warning sign to avoid this firm. But even if some of those are transparent, it doesn’t mean they are legit. To see that in practice, read our XKNN review.

Is Zorro Markets Welcome Bonus Available?

Of course, the bonuses are available with this broker. How else would they prevent traders from making a Zorro Markets withdrawal?

As can be seen from the T&Cs, traders are required to reach a minimum trading volume of 30 times the deposit amount plus bonus. But that’s just a trick to prolong the withdrawal processing time.

Is Zorro Markets Withdrawal Possible?

Besides the bonus policy, other things may prevent your withdrawal — primarily non-transparent fees. In addition to that, the company claims to process withdrawals within five business days.

But also, it takes another five days for money to reach your bank account. Meanwhile, so many things can happen, such as verification issues, AML and KYC law irregularities, and much more.

What Should I Do If I Have Zorro Markets Problem?

There shouldn’t be a doubt about the steps any trader should take when they experience a scam. Firstly, you should contact local regulators and familiarize them with your case. In case there are multiple reports against the same broker, they can publish a warning.

However, to get your funds back, the regulator can’t help you. Simply, scam brokers are usually not a part of any compensation scheme. Therefore, you have to use alternative methods, such as chargeback or tracking your lost crypto with Fusion Forensics Limited. In both cases, we suggest you book a free consultation with our refund specialists for detailed guidance.