ANSWER ZMarket is not a licensed or regulated broker even though it states offers that look good to be true. 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 a regulated broker in Luxembourg.Moreover, the France Autorité des Marchés Financiers (AMF) issued a warning that ZMarket was not authorized to provide forex services in France. You can check the full warning from here.The truth is, ZMarket is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like ZMarket and trade with licensed brokers.
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