High Risk
Reported as a scam / unregulated
SF-704623registry entry
Why ZorroTrade is on the register
ZorroTrade claims it is registered in the Bermuda with registration number 51491. However, we did not find any matching result from Bermuda Montary Authority (BMA). That means ZorroTrade is not a regulated forex broker. Letting this broker hold or control customers’ money is unsafe and the money cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.