ZARsource Review: What Traders Need to Know

The dealer asserts that it has been in business since 2015 and has a presence in the European financial market. These assertions are not valid. The public image of ZARsource is also marred by extremely negative user reviews, but most significantly, it has no traceable regulatory authorisation. This absence of regulation is a significant red flag, indicating that the platform might be trading illicitly and could potentially be at risk of speculation with investors’ funds. We wonder whether the company is a reliable financial partner or another addition to the long list of scam-brokering companies in the CFD trading sector?

ZARsource Snapshot

Legitimacy Check

First and foremost, any broker should be regulated by an established financial regulator. For the European scene, these consist of institutions such as the UK’s Financial Conduct Authority (FCA), Germany’s BaFin, France’s AMF, and Luxembourg’s CSSF. ZARsource possesses none of such accreditation. The company is also not regulated by the Belize authority, as falsely stated in clause 5.4 of the Client Agreement. This total lack of regulation results in the firm being outside financial law limits, placing its customers in a vulnerable position.

No reference to regulation is made on the company’s website. Rather, it is accompanied by weak assertions of “trustworthiness” and displays a claimed legal address. But a quick search on Google Maps reveals that this address does not exist — randomly selected and having no connection to any real financial activity. We would like to note that this alone should cause serious concern.

Meanwhile, the site boastfully says that ZARsource was established in 2015 and expanded overseas in 2017. It says that it has over 110,000 active accounts and a turnover volume of over $8.4 million.

When inspected using a domain analysis tool like WHOIS, it is evident that the site was opened in mid-2024. These exaggerated numbers are purely fictional. The assertion of a ten-year operating history is clearly false.

Zarsource.com Content Quality

The official website of the dealer is anything but professional. It has a number of serious flaws, such as low content clarity and the absence of credible documentation. The design is templated, a feature common to most scam brokers that aims to create a false impression of legitimacy. Most of the platform’s visual and functional aspects are replicas of well-known scam sites.

In general, the broker’s official website is a single-page layout. Moreover, only an English-language interface is available, which is uncharacteristic of licensed firms with a high level of trust. For example, IG offers numerous regional branches with support for various interface languages and customer service options.

Also, the broker lacks an official affiliate or referral programme. Although the registration form supports the entry of a promo code, it is an apparent placeholder and not part of any reward scheme.

Key Trading Features

ZARsource offers three levels of trading accounts: Newbie, Experienced, and Pro. The minimum starting deposit is $250, while accessing a premium account requires an investment of at least $50,000. Such a high deposit level suggests an attempt by ‌managers to attract funds and immediately block the account. For instance, many top brokers often set the deposit requirement at just $10.

The advertised level of leverage is in the range of 1:20 and 1:50, which would qualify as European standard if it were genuine. The FCA, for instance, caps leverage for retail traders at 1:30. However, in our experience, there are cases where managers of such projects routinely push customers to trade with a much greater level of leverage — reportedly up to 1:500. This increased exposure dramatically increases the likelihood of account clean-outs in a matter of several trading sessions.

ZARsource also lacks transparency into the costs of trading, spreads, and inactivity charges. Standard legal documents listed on the platform fail to elucidate any functional details. This is all just further warning and completely impossible for us to calculate what it’s going to cost to trade at this firm. Apart from a general FAQ, there is no educational content, no trading guides, and no webinars or expert advice.

The dealer boasts access to a broad selection of instruments, namely forex pairs, indices, commodities, stocks, and cryptocurrencies. No detail is given on the number of instruments available for each account type. Most significantly, the broker only has CFDs to offer — a highly speculative instrument with no underlying ownership and effectively no liquidity on this site.

ZARsource Custom Utilities Insight

The dealer utilises a proprietary web-based terminal, which we believe is some form of TradingView. There is no desktop or mobile download link available for trading applications, which is highly unusual. The platform provides only the essentials bare — price charts, order books, and transaction history.

Promised features such as advanced indicators, portfolio insurance. Furthermore, real-time quotes are provided by an unknown data source. This destroys any possibility of making a profit and instead places clients in the queue for guaranteed financial losses.

Customer Service Overview

Customer support at ZARsource is essentially non-existent. The broker allegedly operates on weekdays from 9:00 to 21:00 GMT+1, with customer support available during the same hours. Furthermore, the firm lacks an established social media or messaging presence. There is no live chat, and the support email address, when searched through professional validators, was marked as potentially unsafe.

This level of secrecy suggests deliberate intent to avoid client contact and limit openness — a hallmark of scam schemes. Clients may even be in danger of having their personal email addresses hijacked for spam or phishing.

Our Verdict

After thorough evaluation, we highly recommend against any form of collaboration with ZARsource. The broker lacks proper licensing, no regulatory oversight, and employs a managed, elusive trading platform. Professional support guarantees and profitable trades are unfounded. The firm operates on reduced transparency and fails to meet even the lowest standards of a credible financial services provider. All the information at hand leads to a nicely organised scam operation.

About the author

Josh Middleton

Technical specialist

Josh Middleton is a technology enthusiast and software developer with a deep interest in financial markets. Josh has worked on developing trading platforms and algorithms for various brokers and fintech companies. His articles and reviews highlight brokers that offer innovative and user-friendly trading software, helping traders find the best technological solutions.