The forex world is crazy. We know that at least since the era of fraudulent binary options. The boundaries between legal and illegal offers are blurred. For example, many CySEC-regulated brokers also have offshore entities through which they conduct their illegal activities. These are illegal if they violate existing laws and regulatory requirements. The FCA has issued a warning against ZoomGlobalFX (https://zoomglobalfx.com) which is allegedly part of the CySEC-regulated IC Markets group.
The ZoomGlobalFX website claims that the operator is Raw Trading Ltd, registered in Seychelles and belonging to the IC Markets Group. In addition, the license information of the companies of the IC Markets group is given, however, the names of the companies have been changed and are not correct. IC Markets Ltd becomes Zoom Global FX Ltd, IC Markets (EU) Ltd becomes Zoom Global FX (EU) Ltd.
The links behind the footer menu items such as Terms & Conditions, Privacy Policy etc. all redirect to websites of IC Markets.
Since the FCA warnings and the Fintelegram reports about IC Markets, it seems that it is no longer possible to register and log in to ZoomGlobalFX. It seems like the website will be gone soon.
