ZoraFX is a trading platform that offers both proprietary trading (prop trading) and brokerage services. It is the new international brand of LastProp, an Iranian prop trading firm, aimed at providing a unified and professional platform for traders worldwide. ZoraFX emphasizes top-tier security, full transparency, near-instant withdrawals, and 24/7 expert support in multiple languages, including Persian. The platform caters to traders of all levels, from beginners to institutional traders, with flexible account types and advanced trading tools. Given that ZoraFX is a relatively new brand, limited user feedback is available. This article provides a detailed review of ZoraFX’s prop trading plans, rules, conditions, and support resources to help traders make informed decisions about engaging with the company.
What is Prop Trading?
Proprietary trading, or prop trading, involves trading financial instruments using a firm’s capital rather than the trader’s own funds. Traders who pass the firm’s evaluation process gain access to capital for trading in markets such as forex, stocks, commodities, and cryptocurrencies. In return, they share a portion of their profits with the firm. This model allows traders to access larger capital and potentially earn higher profits without risking personal funds, but it requires adherence to strict rules, such as risk management and drawdown limits.
ZoraFX Profile
ZoraFX operates under Zora Capital Limited and is introduced as the new brand of LastProp. The company claims to have over 80,000 users, 170+ VIP users, and partnerships with over 10 major companies, with a 98% customer satisfaction rate. ZoraFX focuses on creating a global trading community driven by technology, transparency, and trust. Key features include:
- Security: Advanced security protocols and segregated client funds.
- Fast Withdrawals: Near-instant profit withdrawals.
- Support: 24/7 expert support in multiple languages, including Persian.
- Trading Tools: Real-time analytics, powerful charting tools, and MetaTrader 5 platform.
- Payment Methods: Support for bank transfers, credit/debit cards, e-wallets, and cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
However, due to the brand’s recent launch, limited information is available about regulatory licenses or extensive user reviews, which may raise concerns for some traders.
ZoraFX Prop Trading Plans
Based on information from LastProp, ZoraFX likely offers four prop trading plans: Two-Stage Challenge, Single-Stage Challenge, Fast Prop, and Pro Real. Each plan is designed for different trading styles and experience levels. Below is a detailed breakdown of each plan.
1. Two-Stage Challenge
This plan requires traders to pass two evaluation stages to qualify for a funded account.
| Feature | Details |
|---|---|
| Stages | 2 |
| Profit Target | 8% (Stage 1), 4% (Stage 2) |
| Daily Drawdown | 5% |
| Total Drawdown | 12% |
| Drawdown Model | Based on initial balance |
| Leverage | 1:100 |
| Profit Split | 80% to 90% |
| Minimum Trading Days | 1 to 5 days |
| Withdrawal Details | 1st: 1 month after first trade, 2nd: 7 trading days after 1st |
Analysis: This plan suits traders who prefer a structured evaluation process. The profit targets (8% and 4%) are reasonable, and the high leverage (1:100) is attractive, but the drawdown limits (5% daily, 12% total) require careful risk management. Weekend trading on Sundays is a unique advantage.
2. Single-Stage Challenge
This plan involves a single evaluation stage with a higher profit target.
| Feature | Details |
|---|---|
| Stages | 1 |
| Profit Target | 10% |
| Daily Drawdown | 3% |
| Total Drawdown | 6% |
| Drawdown Model | Based on initial balance |
| Leverage | 1:100 |
| Profit Split | 30% to 100% |
| Minimum Trading Days | 2 days |
| Withdrawal Details | Flexible (1, 7, 14, or 30 days) |
Analysis: Ideal for experienced traders seeking a faster evaluation, this plan has stricter drawdown limits (3% daily, 6% total). The variable profit split (up to 100%) is highly appealing, but achieving the 10% profit target requires strong performance. Flexible withdrawal options add convenience.
3. Fast Prop
The Fast Prop plan offers direct funding without traditional evaluation stages, subject to specific conditions.
| Feature | Details |
|---|---|
| Profit Target | 10% (for cap) |
| Daily Drawdown | 5% |
| Drawdown Model | Based on initial balance |
| Leverage | 1:50 |
| Profit Split | 50% |
| Minimum Trading Days | 5 days |
| Withdrawal Details | 1st and 2nd: After 5 trading days |
Analysis: This plan is suitable for traders wanting quick access to capital. The lower leverage (1:50) and 50% profit split may be limiting, but the absence of evaluation stages is a significant advantage.
4. Pro Real
The Pro Real plan is another direct funding option with different conditions.
| Feature | Details |
|---|---|
| Daily Drawdown | 5% |
| Drawdown Model | Based on initial balance |
| Leverage | 1:50 |
| Profit Split | 60% |
| Withdrawal Details | 1st: 1 month after first trade, 2nd: 1 month after first withdrawal |
Analysis: With a higher profit split (60%) than Fast Prop, this plan appeals to traders seeking better returns, but the longer withdrawal timeline (1 month) may be a drawback.
General Rules and Conditions
ZoraFX applies specific rules across all plans:
- Allowed Strategies: Copy trading and automated trading (robots) are permitted only between personal accounts. News trading is allowed in all plans.
- Weekend Trading: Allowed only in the Two-Stage plan on Sundays.
- Prohibited Practices: Arbitrage, high-frequency trading (HFT), manipulative trading, insider trading, and abusive strategies are banned, with violations leading to account suspension or closure.
- Drawdown Model: Drawdowns are calculated based on the initial balance.
- Challenge Fee Refund: A 20% refund option is available for Two-Stage and Single-Stage plans.
Trading Platform
ZoraFX uses MetaTrader 5 (MT5), a widely recognized platform known for its advanced features and flexibility. It supports trading in various assets, including forex, cryptocurrencies, commodities, stocks, and indices.
Support and Resources
ZoraFX offers 24/7 expert support in multiple languages, including Persian, accessible via channels like Telegram (ZoraFX Telegram), online chat, and email. The platform provides educational resources, including articles, tutorials, webinars, and market analysis (technical, fundamental, risk management, and trading psychology), to help traders enhance their skills.
User Feedback
As a new brand, ZoraFX has limited user reviews available. Some feedback exists for LastProp (LastProp Reviews), but specific reviews for ZoraFX are scarce. Traders are encouraged to explore the company’s social media channels, including Instagram (LastProp Instagram), Telegram (ZoraFX Telegram), YouTube (LastProp YouTube), and LinkedIn (LastProp LinkedIn), for updates and community feedback. Direct contact with customer support is also recommended.
Conclusion
ZoraFX offers a diverse range of prop trading plans, from evaluation-based challenges to direct funding options, catering to various trader preferences. Its focus on security, transparency, and robust support makes it an attractive platform. However, the lack of extensive user feedback and regulatory clarity warrants caution. Traders should thoroughly review plan conditions and align them with their trading style and risk tolerance.