Zolacor (zolacor.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: +12042021784, +27210055210, +442837180815
Addresses: 225 6 Ave SW Calgary AB T2P 3S9 Canada; The Marine Unit 1902 19 Floor 22 Dorothy Nyembe St Durban 4001 South Africa; 161 Marsh Wall London E14 9SJ The United Kingdom This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: zolacor.com.
My withdrawal request from Zolacor (zolacor.com) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Good analytical tools|Regular updates|Demo account available|Personal attention
Cons: Limited cryptocurrency options|No live chat on mobile
The so-called education at Zolacor (zolacor.com) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for close to eighteen months thinking they would help me learn.
Pros: Dedicated account manager|High security standards|Multi-currency support|Wide product range
Cons: Mobile app could be improved
I had a dispute with Zolacor (zolacor.com) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Multi-currency support|API access|High security standards|Regular platform improvements
Cons: Mobile app could be improved
Opened my account with Zolacor (zolacor.com) after my brother mentioned them and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: High security standards|Low minimum deposit|Regular platform improvements
Cons: Charting tools need more indicators|Search feature is basic
Zolacor (zolacor.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Smooth onboarding|No hidden fees
Cons: None so far|Live chat only during business hours
The spread at Zolacor (zolacor.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through a financial advisor and initially thought the platform was good - until I started trading seriously.
Pros: Fast deposits|Full transparency
Cons: Limited ETF selection
Do not believe the bonus offer from Zolacor (zolacor.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after attending a webinar they hosted and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Copy trading available|Great customer service|Social trading features|Professional team
Cons: Some tools only available on higher tiers|Search feature is basic
What really bothers me about Zolacor (zolacor.com) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them while looking for alternatives to my previous provider and I fell for the polished exterior. Never again.
Pros: Comprehensive tools|Automated trading options|No hidden fees
Cons: Some tools only available on higher tiers|No dark mode on mobile
The mobile app from Zolacor (zolacor.com) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: API access|Dividend tracking|Personal attention
Cons: Research section could be deeper|Search feature is basic