Is ZES Forex a scam? Based on its regulatory footprint, withdrawal behaviour and corporate transparency, our verdict is clear — and concerning. Here is the full review.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is ZES Forex?
On the surface, ZES Forex looks like an ordinary forex and crypto broker. Its public site is presented at https://zesforex.com/. But surface impressions are exactly what these operations rely on — the substance behind ZES Forex is where the problems begin.
Is ZES Forex regulated?
We could find no evidence that ZES Forex holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.
Red flags we identified
- Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
- Account dashboards that show “gains” with no real market exposure
- No verifiable licence from a recognised financial regulator
- Aggressive “account managers” coaching clients to deposit
- No credible physical address or verifiable corporate record
Our analysis
ZES Forex is not a reliable broker for traders even though it states offers that look good to be true. ZES Forex claims it is licensed and regulated by IFCOMM and maintains segregated client accounts with IFCOMM. However, please be informed that IFCOMM is not a regulatory body that issues licenses for forex trading or regulates entities engaging in forex services. Besides, ZES Forex shows its office address is in the United Kingdom. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results to ZES Forex in FCA. That means ZES Forex is not under valid regulation to do forex by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
Can you recover money lost to ZES Forex?
If you have deposited with ZES Forex, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by ZES Forex?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.