Zagros Broker Scam Warning: Unlicensed Forex Platform

Savun Law & Consultancy · Updated 15 November 2026

Named after the mountain range between Iran and Iraq, Zagros Broker is a platform that says it offers forex, commodity, index and crypto CFD trading through MetaTrader 5. In investor warnings abroad, the platform has been flagged as a high-risk operation that rests on no licence.

In short: Zagros Broker is not authorised in Türkiye by the Capital Markets Board (SPK) and holds no financial supervisory licence; the only record it relies on is a company registration in Saint Lucia. Clients are gathered through high leverage and a network of representatives. Claiming back money sent to platforms of this kind is legally possible.

What this article covers

Findings about zagrosbroker.com
Why a Saint Lucia registration is not a licence
Other platforms with the same structure
The refund process
Questions and answers

🔍 Findings About zagrosbroker.com

The domain was registered on 7 February 2026 and runs on an off-the-shelf shared hosting service.
Standard, ECN and "Low-Risk" account types are offered with leverage from 1:1 up to 1:300.
The site has "IB Programme" and "Regional Representative" sections; in other words, commission is paid to intermediaries who bring in clients.
The only contact address shown is [email protected].

⚖️ Why a Saint Lucia Registration Is Not a Licence

The platform says only that it is registered as an international business company in Saint Lucia. This registration is not a financial services licence; the island's authorities do not supervise forex brokerage. In Türkiye, leveraged trading intermediation may be carried out only with SPK permission, and SPK Decision No. 8/297 classifies directing people to overseas platforms as unauthorised activity.

🔗 Other Platforms with the Same Structure

We have previously covered other platforms that present a Saint Lucia registration as if it were a licence:

🧭 The Refund Process

In leveraged trading lossesTR, the payment is traced first; a criminal investigation and a restitution claimTR can then be pursued together. For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Questions and Answers

Does Zagros Broker have a regulatory licence?

No. The platform rests only on a company registration and is not authorised by the Capital Markets Board of Türkiye (SPK).

A "regional representative" referred me to Zagros Broker. Is this normal?

The IB and representative programmes on the site show that commission is paid to whoever brings in clients; it should be remembered that these people are not independent advisers.

Is a "Low-Risk" account safe?

The name of an account does not remove risk; on an unlicensed platform there is no protection for the money, whatever the account type.

I cannot withdraw my money from Zagros Broker. What should I do?

For detailed information and legal support, you can contact Savun Law & Consultancy.

3 attorneys registered with the Istanbul Bar Association · verifyGoogle 4.8 ★ · 127+ reviews · seeOffice in Istanbul · English-speaking team · about us

Questions & answers · Istanbul Bar Association 75235

Lost money to this platform? Ask our lawyer.

Write your question and Attorney Veli Savun will answer it on this page. You do not need to give your name.

Example questions — tap one and adapt it to your situation:

Answers are general information only; they do not create a lawyer–client relationship and are not legal advice on your specific case. All questions & answers →

This page is an English adaptation of our Turkish article Zagros Broker (zagrosbroker.com) Forex Dolandırıcılığı.

More from Forex & CFD Broker Scams

All articles in this section →