Statistics of ZARForex votes

Broker ceased to exist

ZARForex_logo ZARForex 6/10 (votes 4718)

On-line since: 2014
Country of origin: UK
Regulation: FCA, ASIC, CySEC, CRFIN
Payment options: wire transfers, bank cards, ZARForex debit card, QIWI, WebMoney, OKPay, CashU
Minimum account size: $500
Minimum lot size: 0.01 lot
Leverage: up to 1:200
Spreads: average spread is 1.3; minimum spread is 1.1.

ZARForex is a brokerage company founded over four years ago by leading participants of the forex market. The broker can provide its clients with wider opportunities for trading.

ZARForex uses the cutting-edge methods of coding and executing orders through No Dealing Desk. The company is the only broker which developed a unique mobile app that makes quality support available to traders anytime. Thanks to this app, traders can ask questions online. The broker’s clients can trade 88 instruments including 65 currency pairs and 23 CFDs and indices. Besides, the company offers three types of trading accounts to suit clients’ needs.

Please bear in mind that at present ZARForex has halted admission of new clients. The question is still open whether it will admit new traders.

Making a decision in favor of a broker to your liking, make sure of its reliability. Your judgement will benefit from reviews of other market participants. If you have ever traded with ZARForex, feel free to share your comments that will simplify the choice of other traders.

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Comments about broker

Rosefx trader
review ZARForex
29-03-17

I am a client of ZARForex for 4 months with a live standard account. My first deposit was 800$. The transfer was made with Qiwi wallet and was instantly credited to my trading account. I applied for 100% bonus and was credited after 2 days to my account so I started to trade right away. The platform MT4 works with fast execution of trades and without re-quotes. I trade on major currency pairs EUR/USD, USD/CHF USD/JPY and GBP/EUR . The profit made in this 4 months is over 3000$. The withdraw process is easy and without hidden commissions. I withdraw as much as 700$ at once. The broker is honest and the support team is polite. I recommend the broker.

Yhab trader
review ZARForex
18-03-17

i traded with this broker for 6 months and at first they were okay because they had good support and fast processors. But unlike the other brokers they have huge slippage and most of the time my orders were executed too long for about 15 seconds. The platform freezes a lot for minutes and my orders got messed. However to be fair I've heard that they've recently cut their commissions in half. but I will not recommend this broker.

Kevinnyce trader
review ZARForex
07-03-17

I am interested in ZARForex because of bonuses offered quite surprised me. I made a deposit of $1200 and got 100% bonus on my deposit. I trade the EUR/JPY usually around 1.2 pips on the Standard commission-free account. Platform is so user friendly, easy to customize with fast execution. Opening and closing orders almost instantly. I trade with variable success but able to earn around $400 per month. Well done and keep up the good work.

Zado trader
review ZARForex
23-02-17

Good spreads, but the limited list of trading instruments is not to my taste. What I also dislike are the occassional requotes of 30-40 pips. I made several substantial losses and now I'm waiting for the withdrawal of the last $500 in my account, in order to close it once and for all.

Jose trader
review ZARForex
23-02-17

ZARForex is a thief, so don’t join this broker or you will lose your money like me. I was scammed by this broker – ZARForex, and now I am writing this review in hope I will help other traders. This is the first time I get ripped off by a broker. I have joined to forex market for many years, and I also use scalping, EAs, signals, etc. Therefore, I’m confident with my skill and I just trade with a broker that is regulated by a European entity. I got to ZARForex through my IB 2 years ago, and I also opened an account to trade. 3 months ago, I had losses – 700$, and I think it has been so hard for me to get profit since I traded with ZARForex. Hence, I decided to leave this broker by closing my account. However, this broker didn’t let me do this, and they told me that I only continued trading. Of course, I didn’t accept their reply, and I know this is a liar. Finally, I gave up the rest of amount in my account, and I moved to another broker. Generally, ZARForex is the worst broker I have ever traded, so stay away this broker.

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