Broker ceased to exist

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.

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.

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.

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.

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.