WikiFX

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As an experienced trader, I focus first and foremost on the regulatory status and client protection when assessing any broker. With Zora, the fact that they currently hold no valid regulatory license stands out as a major red flag. This lack of recognized oversight means there's no assurance that industry-standard safeguards for client funds, dispute resolution, or operational transparency are in place. From my perspective, dealing with an unregulated firm introduces layers of uncertainty and exposes me to risks that I find unacceptable, especially given the high importance of trust in financial transactions. Additionally, Zora’s WikiFX score is extremely low, and its risk management is rated at zero. These metrics suggest the broker does not prioritize robust, transparent risk controls. I also noted user complaints about difficulties in withdrawing funds and allegations of questionable inducements. Whenever I see patterns like delayed or failed withdrawals combined with poor or absent customer support, I treat these as warning signals—such situations can leave traders without recourse if issues arise. Ultimately, while Zora has operated for several years, the absence of regulation, credible oversight, and substantiated client concerns make it, for me, an option to approach with the utmost caution. For my own trading, I would only consider brokers with strong regulatory credentials and a proven track record of honoring client withdrawals and upholding fair business practices.