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In my experience as an independent forex trader, a broker’s regulatory standing is fundamental to the safety of client funds and the overall transparency of their operations. After reviewing Zora, I noticed a major concern: Zora currently has no valid regulatory information, which is explicitly flagged as high risk. This lack of regulation means there are no external authorities overseeing how Zora handles client money, manages risk, or resolves disputes. In regulated environments, brokers are typically required to follow strict protocols regarding fund segregation, capital adequacy, and compensation schemes, which offer at least some layer of protection for traders. Without that oversight, with Zora, I have no way of knowing if my funds are properly safeguarded or if the broker’s business practices meet any recognized legal or ethical standards. For me, the risk isn’t theoretical—real user feedback notes withdrawal issues and communication breakdowns. While no broker is risk-free, I rely heavily on regulatory frameworks to help mitigate potential fraud and operational malpractice. With Zora, the absence of legitimate oversight means I would have to accept full personal responsibility for any risks to my deposits and trading activities. For my own capital safety, I am extremely cautious with brokers lacking clear, verifiable regulation, as there is simply no regulatory body to turn to if problems arise.