WikiFX

Reply

Based on my thorough review of the broker Zora using the available information, I could not find any mention or clear evidence that Zora offers a swap-free (Islamic) account option for its traders. As someone who always considers regulatory standing and overall transparency crucial before opening an account, I take the absence of this information very seriously, especially since swap-free accounts are an important requirement for a sizeable segment of traders needing to comply with Sharia law. Furthermore, my experience in the industry has taught me to approach brokers without valid regulatory licenses and those flagged for high potential risk—including warnings about unavailable withdrawals or issues with customer service—with heightened caution. Zora currently holds no recognized regulatory license, and there are already public user reports of difficulties with withdrawals and poor response from support. In such a scenario, even if a swap-free option were quietly offered, I would find it difficult to trust its reliability or safety due to the lack of transparency. For me, the absence of confirmed, accessible information about swap-free options—combined with regulatory concerns and user complaints—means I would not proceed with Zora, especially if swap-free trading is a non-negotiable for my trading strategy or faith-based requirements. It’s always safer, in my practice, to choose brokers with clear, regulated, and well-communicated account options.