ZorroTrade is not a licensed or regulated broker even though it states offers that look good to be true. ZorroTrade claims it is a trade name of Notesco Limited, a company registered in Bermuda with registration number 51491. However, we did not find any match results to the company name or the registration number in the Bermuda Monetary Authority (BMA).
The truth is, ZorroTrade is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like ZorroTrade and trade with licensed brokers.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
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