ZoraFX Review · 2026

What is ZoraFX?

ZoraFX is a Saint Lucia-registered prop firm and offshore broker operated by Zora Capital Limited. The parent entity sits at Rodney Bay, Saint Lucia under International Business Company registration 31000319811706. The brand was launched in 2023 and rebranded from the earlier LastProp name during 2024.

The firm runs a hybrid model that mixes funded-account prop challenges (paid evaluations that grant access to a simulated capital allocation) and a separate retail brokerage track. Account variants include LastProp, Two-Phase, Two-Phase Pro, Fastprop, Crypto Prop, and a standalone Broker tier.

Marketing is concentrated on a Persian-speaking retail audience through a dedicated Telegram channel, a YouTube channel under the handle Zorafx_fa, and a LinkedIn presence under Zora Capital. Service is restricted in the United States, Turkey, the United Arab Emirates, and Saint Lucia itself per the broker's published terms.

Is ZoraFX regulated? Verification check

The broker is unregulated in the financial-services sense. Zora Capital Limited holds a Saint Lucia IBC certificate (a corporate registration, not a financial license) numbered 31000319811706, issued by the Saint Lucia Registrar of Companies.

No Tier-1 authority oversees the firm. There is no record of registration with the FCA (UK Financial Conduct Authority), CySEC (Cyprus Securities and Exchange Commission), ASIC (Australian Securities and Investments Commission), or FSCA (South Africa Financial Sector Conduct Authority). Saint Lucia has no specialized forex or CFD (Contract for Difference) regulator that would license retail derivatives activity.

Because the entity sits outside any major compensation scheme (FSCS up to £85,000 for FCA clients, ICF up to €20,000 for CySEC clients, SIPC up to 500,000 USD for SEC), client funds carry no statutory protection ceiling. Segregated-funds policy is not disclosed on the official site.

Red flags and warning signs

Several documented patterns earn attention before any deposit. The brand traces back to LastProp, a prop-firm operator that froze payouts during the 2024 MetaQuotes prop-firm crackdown, when MetaQuotes Software Corp withdrew MT4/MT5 access from a wave of unlicensed challenge providers.

The corporate filing lists an offshore registration with no financial-services authorization attached. Public review aggregates show repeated complaint patterns covering withdrawal blocks, repeated KYC (Know Your Customer identity verification) requests, and account-status changes following profitable evaluations.

The official site does not publish a segregated-funds disclosure, an external audit, or a compensation-scheme membership statement. Three signals stack together: rebrand from a payout-frozen predecessor, offshore-only registration, and undisclosed fund segregation.

Trading platforms

Three trading environments are advertised: MT5 (MetaTrader 5), cTrader, and Match Trader. The MT5 connection routes to a server labelled ZoraFX-Server hosted in Saint Lucia, with the broker's MetaQuotes license status returning Not Available on a public-record check on the date of this review.

cTrader and Match Trader are typically white-label deployments licensed from Spotware and Match-Trade Technologies. Independent verification of those white-label agreements is not disclosed on the official site. A VPS (Virtual Private Server, used for low-latency algorithmic execution) is not offered or publicly disclosed.

Minimum deposit

The entry fee starts at 59 USD for a low-tier prop challenge. Industry-standard prop-firm challenge fees sit in the 50-500 USD band depending on the simulated capital allocation; the 59 USD figure aligns with the lower end of that band.

The 59 USD payment is a challenge fee, not a tradable deposit. Retail Broker-account funding requirements are not disclosed with a specific minimum on the public site. Two payment rails are listed: card payments and cryptocurrency transfers.

Account types and bonus terms

Six account variants are advertised across the prop-firm and brokerage tracks. LastProp and Fastprop sit on the entry tier, Two-Phase and Two-Phase Pro carry the standard prop-evaluation format, Crypto Prop runs against cryptocurrency instruments, and the Broker tier is the live-funds retail track.

Each prop variant carries its own profit target, drawdown rule, and consistency requirement (a clause that caps single-day profit as a share of total profit, used to disqualify lottery-style trades). Specific drawdown percentages, payout splits, and consistency thresholds vary by tier and are not standardized on a single public schedule.

Bonus and promotion terms are advertised on Telegram rather than in a permanent on-site disclosure. Maximum advertised leverage is 1:100.

Regulator warning list check

A public-records scan against the FCA Warning List, ASIC banned/disqualified register, CySEC Investor Alerts, and IOSCO (International Organization of Securities Commissions) cross-border alerts produced no direct named entry for Zora Capital Limited on the date of this review. Absence from a warning list is not a license; it is the absence of a complaint that reached a regulator.

The predecessor brand operated under the same ownership before the 2024 rebrand. National consumer-protection authorities in the Persian-speaking markets the firm targets do not maintain a public English-language warning list that is searchable from outside their jurisdictions.

User complaint signals

Public user-aggregate signals indicate a recurring pattern of complaints about delayed payouts, denied withdrawals after evaluation success, and repeated identity-document requests during the cashout stage. Individual review quality varies and is not reproduced here; the aggregate signal is consistent across the predecessor and current brand.

Comparable funded-account complaints surged across the prop-firm sector during the 2024 MetaQuotes crackdown, when several offshore challenge providers paused or restructured payouts. The pattern is sector-wide, but specifically documented against the LastProp predecessor entity.

Withdrawal problems and KYC patterns

Reported withdrawal friction clusters around three steps: a KYC re-verification request after a payout claim, a rule-review of past trades against the consistency clause, and a delay between approval and crypto/card settlement. Each step is documented in user-aggregate complaints rather than in a regulator filing, because no regulator supervises the entity.

Card refunds run through standard issuer chargeback windows (typically 120 days from the original transaction date under Visa and Mastercard rules). Crypto withdrawals are technically irreversible once broadcast, leaving the user with no chargeback path on that rail.

How to verify the broker for yourself

The verification flow uses primary sources only. Step 1: open the Saint Lucia Registrar of Companies portal and search registration 31000319811706 to confirm corporate existence and current status. Step 2: cross-check the FCA Register, CySEC public register, ASIC Professional Register, and FSCA register for any matching entity name; expect no result for Zora Capital Limited.

Step 3: query the MetaQuotes Software Corp broker-license lookup to confirm whether the MT5 server is operated under a current MetaQuotes license. Step 4: search the FCA Warning List, CySEC Investor Alerts, and IOSCO alert portal for the brand and parent-entity names. Step 5: review the broker's own Terms of Service for jurisdictional restrictions and dispute-resolution clauses.

Where is the company actually based?

Rodney Bay, Saint Lucia is the registered office in the corporate filing. Saint Lucia is a small island state in the eastern Caribbean; its IBC framework supports offshore corporate registrations but does not include a dedicated forex or CFD regulator.

Operational staff distribution is not disclosed on the official site. The Persian-language marketing focus, combined with the Telegram-led customer-acquisition channel, indicates an operational footprint oriented toward Iranian and broader MENA-region retail traders rather than toward a Saint Lucia client base.

Recovery options if you've already deposited

Three recovery rails exist, all informational. Card-funded users can open a chargeback case with the issuing bank, citing the merchant code and the date of the original transaction; major card networks accept disputes for up to 120 days from settlement. Crypto-funded users have no chargeback rail and depend on direct negotiation or law-enforcement reports for any reversal attempt.

National consumer-protection authorities in the user's country of residence accept complaints against unlicensed foreign providers, though enforcement reach against a Saint Lucia IBC is limited. Saint Lucia's Financial Intelligence Unit accepts reports of suspected fraud against Saint Lucia-registered entities; the registration number to cite is 31000319811706.

Should you avoid ZoraFX?

The risk profile is concentrated. The operating entity holds an offshore corporate registration only, with no Tier-1 financial license, no compensation-scheme membership, and no published segregated-funds policy. The brand inherits a predecessor (LastProp) whose payouts froze during the 2024 MetaQuotes prop-firm crackdown.

Operational positives sit on the platform side: three trading environments (MT5, cTrader, Match Trader), a low 59 USD entry fee for the prop track, and a published retail-CFD risk warning at the industry-standard 75% loss-rate disclosure. Those reduce friction for evaluating the offering; they do not substitute for regulatory oversight on the custody side.

Withdrawal friction, KYC repetition, and an irreversible crypto rail combine into the main capital risk for users who clear a prop evaluation. The decision tradeoff lands on a user willing to absorb a 59 USD evaluation fee as a sunk cost versus a user expecting recoverable funded-account payouts.

Forex and derivative products carry high leverage; some or all invested capital may be lost. This content is for information only, not investment advice. Verify the broker's current regulation status with the relevant authority's official site before any investment decision.