The Philippines does not license retail forex brokers, so no broker holds a local licence here. That is how this market is built, not a sign of fraud.
Zeal Capital Market (Seychelles) Limited
TRAZE
No local licensing here
TRAZE
Which company you actually sign with in the Philippines, and whose licence that is.
the company you looked up
Financial Services Authority (Seychelles)
Registers · last read
Check it yourselfhttps://fsaseychelles.sc/regulated-entities/capital-markets
From the registers
The entries behind this answer
Each block below is one claim with the register it came from and the day we read it. Where we hold nothing, it says so.
What to do now
Zeal Capital Market (Seychelles) Limited in the registers we read
Entries we hold about this company: 1. Registers they came from: 1 — Financial Services Authority (Seychelles). Most recent reading: 2026-10-26. Everything on this page comes from those entries and from nothing else.
What each register says about the licence
Every licence entry we hold for this company, as the register publishes it, with the day we read that register.
| Register | Status | Licence number | In force since | Registered as |
|---|---|---|---|---|
| Financial Services Authority (Seychelles) | Licensed | Securities Dealer |
Supervision and compensation
Where the licence was issued decides what stands behind it, and we print the regulator's class rather than a score. Financial Services Authority (Seychelles) — class: offshore registration. Supervision: Formal: the registration is real; supervision is limited. Compensation: None.
- Supervision
- What the register impliesFormal: the registration is real; supervision is limited.
- Compensation
- What the register impliesNone.
The brand and the company behind it
Legal name as the register holds it: Zeal Capital Market (Seychelles) Limited. Also advertised as: TRAZE, ZFX. A register knows the company, a website advertises the brand, and matching the two is the whole job of this page. Websites a register ties to it: zfx.com.
The warning lists we checked
Public warning lists we read: 3 — Polish Financial Supervision Authority, Agency for Regulation and Development of the Financial Market, Securities and Exchange Commission of Pakistan. Entries we hold from them: 1385. Last reading: 2026-10-26. This company is not named in any of them. That is not a clean bill of health: it means no supervisor we read has published a notice about it.
How to verify it at the source
Search the register yourself at fsaseychelles.sc for Zeal Capital Market (Seychelles) Limited — the legal name, not the brand. A register files the company; a website advertises the name. Where the two differ, this page prints both so you can find the entry we are quoting.