ZMarket claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
In addition, the broker claims to be located in Luxembourg. So we searched Commission de Surveillance du Secteur Financier of Luxembourg (CSSF) but found no matching results. That means the broker is not regulated by CSSF.
Moreover, the France Autorité des Marchés Financiers (AMF) issued a warning that ZMarket was not authorized to provide forex services in France.
The truth is that ZMarket is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
ZMarket claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. In addition, the broker claims to be located in Luxembourg. So we searched Commission de Surveillance du Secteur Financier of Luxembourg (CSSF) but found no matching results. That means the broker is not regulated by CSSF.Moreover, the France Autorité des Marchés Financiers (AMF) issued a warning that ZMarket was not authorized to provide forex services in France.The truth is that ZMarket is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.