Reply To: Z.com Forex – legit or scam?
Hi LickieSticky,
We have not fully evaluated Z.com Forex, however I’ve done some digging into the broker following your message.
GMO-Z.com Forex HK Limited (Z.com Forex) is regulated by the Hong Kong Securities and Futures Commission, registration number AZE792. You can see from my research below, that they are authorized to provide ‘Leveraged Foreign Exchange Trading’.
The Hong Kong Securities and Futures Commission (SFC) is considered a ‘green tier’ regulator in DayTrading.com’s Regulation & Trust Rating.
Personally I’d be wary about choosing a broker because of a promotion. There are more important considerations when selecting a firm to trade with.
Using a demo account can be a good way to try a brokerage before depositing funds. It looks like Z.com Forex offer a 30 day demo account.