Brief information ZoraFX
The company ZoraFX positions itself as a global broker and proprietary trading company that offers traders the opportunity to access funded accounts after successfully completing an evaluation program. Instead of investing personal capital, participants can demonstrate their trading skills and, if they meet the required objectives, qualify to trade with company-funded accounts.
The website states that Zora Capital Limited was incorporated on December 10, 2024, in Saint Lucia and is registered as an MSB with FinCEN.
The organization manages 2 domains:
zorafx.io,
panel.zorafx.io.
Contact details: info@zorafx.com, +44 7426 900913, Telegram: @zorafx_support_bot. Registered company number: 31000319811706, physical address: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros Islet, Saint Lucia. Registration No.: 31000319811706.
ZoraFX trading terms
The firm offers investors entry into various asset classes. Subject to the chosen evaluation or trading system, clients may trade:
FX major and minor pairs;
digital tokens;
equity benchmarks;
raw assets;
spot metals.
The broker claims that clients are provided with tight spreads, margin trading, and advanced software solutions. Every assessment stage incorporates set gain goals, peak daily equity drops, total risk boundaries, and required minimum active days. ZoraFX enables operations via MetaTrader 5, browser terminal, and smartphone software compatible with computers and portable hardware.
Trading accounts at ZoraFX
The company ZoraFX provides simulated funding evaluations featuring diverse capital amounts and testing structures. Terms vary based on allocation tier, gain goals, equity drops, risk policies, payout ratio, and entry cost. Profitable candidates qualify for a backed profile.
As stated on the main portal, investors can select either single-phase or dual-phase evaluation structures featuring customized capital amounts and gain goals. The brokerage firm additionally highlights adaptable operational terms, payout allocation programs, and entry into a specialized analytics cockpit. Furthermore, the firm delivers a risk-free simulator for practice, a training course, social trading, and PAMM modules.
There are 3 accounts for trading:
Standard: Tailored for newcomers, this option features zero brokerage fees, standard price gaps, leverage reaching 1:400, and a 30% liquidation threshold.
ECN: Engineered for experts demanding rapid order processing, this setup involves regular service fees, narrow spreads, leverage capping at 1:400, and a 30% margin cut-off, making it optimal for scalping.
PRO: Created for high-volume investors seeking a premium environment, this tier features minimal brokerage charges, tight spreads, leverage scaling to 1:400, and a 30% close-out level, perfectly suited for long-term setups.
Registration and personal account on zorafx.io
To join the platform, users must register by completing an online application with their personal information and email address. After confirming the registration, the identity verification may be requested before certain services or payouts become available.
Deposits and withdrawals with ZoraFX
Payments for evaluation programs can be completed using the payment methods supported on the website. After qualifying for a funded account, traders may request profit payouts according to the payout schedule and the conditions of their selected program.
The official website does not provide detailed information regarding processing times or transaction fees. Users are encouraged to review the applicable payment terms before purchasing a challenge or requesting a withdrawal.
Conclusion about ZoraFX
The broker is a company with prop trading features offering funded challenges across multiple asset classes. While the platform provides various evaluation programs and funding options, the website contains limited information about regulation and licensing. Before purchasing a challenge, traders are advised to review the platform's terms and independent reviews of ZoraFX.
