Zorro Markets (zorromarkets.co) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.zorromarkets.co.
Zorro Markets (zorromarkets.co) seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Educational resources|Wide product range
Cons: Slow to add new assets|Desktop app not available on Linux
After for close to eighteen months with Zorro Markets (zorromarkets.co) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Wide product range|Two-factor authentication|Portfolio tracking tools
Cons: Minor UI glitches occasionally
The spread at Zorro Markets (zorromarkets.co) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through word of mouth in my investment club and initially thought the platform was good - until I started trading seriously.
Pros: Great customer service|Stable platform
Cons: Onboarding videos are outdated
My withdrawal request from Zorro Markets (zorromarkets.co) 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: Fast execution|Real-time alerts|Easy to use platform|Social trading features
Cons: Website design could be more modern|No live chat on mobile
The only good thing about Zorro Markets (zorromarkets.co) is that they remind you why regulation matters. I found them after a trusted YouTuber reviewed them. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Dedicated account manager|Fast execution
Cons: No dark mode on mobile
KYC with Zorro Markets (zorromarkets.co) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Responsive team|Automated trading options|Portfolio tracking tools
Cons: Could offer more webinars
I am in a dispute with Zorro Markets (zorromarkets.co) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: High security standards|Fast execution|Easy withdrawals|Low minimum deposit
Cons: No dark mode on mobile|Research section could be deeper
Zorro Markets (zorromarkets.co) locked my account without warning and demanded documents I had already submitted. since the beginning of the year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Two-factor authentication|Excellent charting|Portfolio tracking tools|Multi-device support
Cons: Limited demo account features|Desktop app not available on Linux
I had high hopes for Zorro Markets (zorromarkets.co) when my bank disappointed me and I searched for alternatives, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Great customer service|Competitive fees|Full transparency|Comprehensive tools
Cons: Currency conversion fee exists
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Zorro Markets (zorromarkets.co) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Great customer service|API access
Cons: None so far|Onboarding videos are outdated