In our Zarvista Capital Markets review, you will get acquainted with a broker that offers traders attractive trading conditions, copy trading, PAMM and MAMM accounts, etc. It also promises other benefits: regulatory oversight, hundreds of assets, and a modern trading terminal. Sounds promising, but users want to know: how real is the company’s information, and is there a risk of falling victim to another scam? Everything you need to know about this project can be found in our materials.
Key Features
- Company Name: Zarvista Capital Markets Ltd, Zarvista Capital Markets (MU) Ltd
- Website: https://zarvistacm.com/
- Available Contacts: [email protected], [email protected]; +357 25770075, +971 45770910
- Foundation: 2023
- Services: Forex/CFD trading
- License: T2023293 from MISA (Mwali International Services Authority), GB23202450 from FSC (Mauritius Financial Services Commission)
- Initial Deposit: $50
From Sign-Up to Payout
The official website of Zarvista Capital Markets almost impressed us. We appreciated the optimized template, fast page loading, harmonious color scheme, and well-chosen thematic images.
This so-called regulated broker also put effort into its content, and we have no major complaints about the page’s materials. There is plenty of information available, making it useful for both market beginners and experienced traders. However, some issues are present on this web resource:
- There is a lot of information about trading conditions, but it is spread across multiple pages. Users will have to put in extra effort to get the full picture.
- The site’s navigation is not very convenient. The large number of pages complicates the menu, and some links are placed in unintuitive locations. Finding the necessary information is possible, but the extra steps can be frustrating.
- The contact page lists addresses in Mauritius, Cyprus, and the UAE, but no other office locations are published. What should a trader from, say, Germany do if they need an in-person consultation at the company’s office?
The registration process is also unclear. It is organized in accordance with what is expected from a regulated broker: the registration form collects all necessary personal data, email confirmation is required, and there is even a questionnaire in the personal account.
However, one key question remains unanswered: in which company is a new client’s account actually opened? The broker claims to operate under two firms with FSA Mauritius and MISA licenses, yet their requirements and restrictions differ significantly. Under which regulations does the platform actually provide brokerage services? We could not find an answer.
A major issue also arose with deposits. The company’s “Deposits & Withdrawals” page lists various available payment methods, along with minimum transfer amounts, deposit and withdrawal fees, and processing times. But when a trader tries to fund their account in the personal dashboard, they see an empty list of payment methods and a suggestion to contact customer support.
All of this resembles a well-orchestrated scam. The client is not informed which company their account is registered with, and payment details are only provided by the company’s representatives. On top of that, the payment agent is yet another company — registered in Cyprus — using the same name, Zarvista Capital Markets. Doesn’t this seem like an attempt to hide transactions from regulatory and tax authorities while also making chargebacks nearly impossible for traders in case of issues?
Our Trading Experience With Zarvista Capital Markets
One thing we are certain about is the official registration of the company. Otherwise, it would not be able to offer clients access to one of the best modern trading terminals — MetaTrader 5.
We won’t go into detail about the features, strengths, and weaknesses of this platform. Most traders are already familiar with this software. However, a comprehensive guide to MetaTrader 5 can always be found on the official MetaQuotes website: mql5.com.
What does deserve more attention, however, are the trading conditions offered by this platform. Let’s start with the account types:
- Starter — Minimum deposit: $50, zero commissions, spreads from 1.5 pips.
- Professional — Minimum deposit: $250, zero commissions, spreads from 1.0 pip.
- VIP — Minimum deposit: $500, zero spreads, trading commission of $5 per standard lot.
For all accounts, the following conditions apply:
- Maximum leverage: 1:500 (for currency pairs).
- StopOut level: 20%.
The leverage sizes for other assets, as well as swap rates, can be found in the tables on the Commissions & Swaps page. These tables are highly detailed and include a full list of available trading instruments. It should be noted that any account type can be opened as an Islamic (swap-free) account. In this case, the interest charge for carrying positions overnight will be replaced with a fixed commission.
The broker also provides more detailed information about spreads. This data is available on the pages within the Markets section. As a result, traders have sufficient information to assess the potential profitability of trading with the broker, transaction costs, and risk levels. However, we would not choose to trade on this platform.
The leverage offered by the broker is extremely high. Even with the strictest capital and risk management strategies in place, there is still a significant risk of substantial losses.
There are no bonus fund management features in the personal account. This essentially means that bonuses are credited automatically. Additionally, the bonus policy prevents withdrawals while a bonus is active. This artificial restriction on client rights is unacceptable to us.
Zarvista Capital Markets applies negative swaps (and quite high ones) for both long and short positions on the trading instruments we reviewed. This level of trading costs significantly reduces the appeal of working with this broker.
The Reality Check
In the footer of the broker’s website, it provides details about the companies operating under its management:
- Zarvista Capital Markets Ltd. is registered in Mwali (Moheli), Comoros Union, under registration number HY00623401. It provides brokerage services under Mwali International Services Authority (MISA) license No. T2023293.
- Zarvista Capital Markets (MU) Ltd. is registered as an Investment Dealer in Mauritius under registration number C204242. It operates under Financial Services Commission (FSC) license No. GB23202450.
We have already stated that we do not doubt the official registration. However, verifying these details wouldn’t hurt.
The Mauritius registration and FSC license can be confirmed through the relevant registries. The company obtained its license on January 19, 2024. Similarly, a database check with MISA confirms both the company’s registration and the issuance of its license in June 2023, which was renewed until June 2025.
However, we are once again left wondering which entity actually holds a trader’s account upon registration. The account types list leverage up to 1:500, but Mauritius regulators impose a 1:100 leverage limit for retail clients. So why does the trading terminal allow leverage that is five times higher?
This suggests that traders are actually subject to the MISA regulations, rather than the FSC rules of Mauritius. However, the international credibility of an MISA license is close to zero. Even the Banque Centrale des Comores — the financial regulator of the Comoros Union — states that MISA is a self-proclaimed entity with no authority to license or regulate financial services.
There are at least two different MISA websites — one in the .com domain and another in the .org domain. The .org version contains a so-called official statement from the Mwali (Moheli) government, claiming that the .com website is fake. So how can traders trust a regulator that doesn’t even have a verifiable official website?
At this point, we have serious doubts that Zarvista Capital Markets operates within a legitimate legal framework. Why is the broker ignoring the restrictions set by the more reputable Mauritius regulator? This significantly increases the risks for traders. After all, the broker stands to gain from traders’ losses — so what really sets it apart from a scam project?
How Long Has Zarvista Capital Markets Been in the Game?
Official data shows that the companies managing this broker received their licenses in June 2023 and January 2024. But when did the actual trading platform appear online?
According to WHOIS records, the broker’s primary domain, zarvistacm.com, was registered on May 10, 2024. This means that after obtaining the licenses, the project owners waited almost a year (or six months in the case of the Mauritius license) before launching the brokerage service.
We find this hard to believe. It is more likely that the companies operated under a different trade name before the rebranding. However, we have found no direct evidence to confirm this theory.
As a result, based on our findings, Zarvista Capital Markets has only been active for 10 months at the time of writing this review.
Extra Fraud Indicators
In 10 months, there could have been more Zarvista Capital Markets reviews online. Yet, we only see 64 comments on Trustpilot. While this isn’t a small number, it’s notable that over 70% of reviewers speak positively about the company.
After analyzing these posts, we concluded that the project owners are more interested in creating a good image through publications rather than through honest and transparent work. Nearly 80% of all reviews were posted within a two-month window. It’s hard to believe that these reviewers remained silent for eight months and then suddenly felt compelled to share their opinions. More likely, the broker was struggling, and they decided to attract attention through a review campaign.
However, there’s something traders should focus on — the 27% negative reviews from former and current clients. The main complaint? The company’s greed — they refuse to return not just profits but even deposited funds.
Interestingly, industry experts also have a poor opinion of Zarvista Capital Markets. On WikiFX, the company is rated just 2.7 out of 10. The biggest issue? The broker’s licenses, which no one trusts.
Is Zarvista Capital Markets the Right Fit?
Our Zarvista Capital Markets review revealed that the broker has been active for only 10 months. While it operates under licenses, these documents fail to inspire trust. Moreover, trading conditions, such as leverage up to 1:500, expose clients to unacceptable risks. Combine that with non-transparent financial operations, fake positive reviews, and numerous complaints from former and current clients, and you get a broker whose integrity is questionable. We strongly advise against depositing funds with this broker.
I had big plans to trade with Zarvista Capital Markets – they made a good first impression… However, after digging deeper, I realized they are typical scammers preying on beginners. You won’t earn anything with them, and you won’t get your money back. If you try to negotiate, they’ll start threatening and insulting you.
I didn’t believe the negative reviews about Zarvista Capital Markets until I experienced it myself. I deposited $15,000 and, thanks to their ‘support,’ lost nearly half. When I raised concerns, they accused me of violating the agreement and blocked my account. Now, they ignore my messages and refuse to return my money. Only scammers behave this way!
My first impression of the platform was positive, but it’s too early to draw final conclusions. When I registered with Zarvista Capital Markets, I was a beginner and hoped for support. While they do provide guidance, responses are slow – sometimes taking a full day!! I still need to test the broker’s reliability when it comes to withdrawals.