ZFX Broker Reviews and Full Information

What is ZFX?

ZFX is a British forex broker and CFD broker that is approved and licensed through the regional Financial Conduct Authority (FCA). They have two types of accounts which are Standard and ECN and offer a range of CFDs and currency pairs on silver, gold copper, and oil, as well as 9 indices and a range of crypto currencies, such as Bitcoin, Litecoin and Ethereum and all this on the well-known MetaTrader4 platform with leverage as high as 1:100.

Type of account Min. deposit Max. leverage Spreads/ Payout
Standard Account n/a

1:100

1,5 Pips
ECN Account n/a 1:100 n/a

The website is aimed exclusively at Professional Clients as defined by the Markets in Financial Investment Directive (MiFID) and is implemented by the FCA which is why ZFX provides higher leverage in comparison to the leverage allowed to retail clients in the European market as a whole. In August of 2018, the European Securities and Markets Authority (ESMA) set the maximum leverage that could be used for transactions in retail forex at 11:30.

ZFX Broker Pros:

  • Execution of trades , without going through a deal center and liquidity from the major financial institutions.
  • Regulation by the FCA (UK) and the FSA (Seychelles).
  • Mini Trading Account, with an initial deal size of 0.1 lot and a minimum deposit of $50.
  • A vast array of accounts for retail as well as professional clients.
  • More tense spreads (from 0.2 pip) for ECN accounts.
  • Ability to trade more than 100 assets, which includes Forex Indexes of stocks commodities (precious metals and crude oil) and stocks.
  • The leverage is high (up up to 1:1500) on regular accounts as well as ECN accounts.

ZFX Broker Cros:

  • The absence of a trading platform.
  • A generous $1,000 deposit is available for retail traders using ECN accounts.
  • There is a maximum of positions open on Standard as well as ECN accounts is limited , and is not more than 200.

ZFX Broker Commissions & Fees

Information

To figure out what fees for trading ZFX charges its customers and their trading terms, ZFX's trading policies were scrutinized by experts at the Traders Union. There isn't a fixed brokerage fee at ZFX and the spread varies based on the account type and the currency pair. The tiniest spreads (from 0.2 pip) are found on ECN or Professional accounts. For accounts like the Standard STP trading account, spreads start at 1.3 per cent, and in the Mini-Trading Account beginning at 1.5 pip. Additional commissions could apply to transactions made on ECN accounts. The process of depositing and withdrawing funds is absolutely free of charge, however the commission could charge by the payment services or the bank that receives the funds.

Type of account Spread (minimum value) Commissions for withdrawing
Mini Trading Account From $15 No
Standard STP Trading Account From $13 No
ECN Trading Account From $2 No
Professional Account From $2 No

Swaps are commissions (fees to transfer an account to the following day).Below is a table that displays the commissions that are typical on trading ZFX, RoboForex, and FxPro as well as the cost of each broker in comparison to its counterparts.

Broker Average commission Level
ZFX Broker $8 Medium
FxPro $13.2 High
RoboForex $6.55 Low

ZFX Broker

$8

FxPro

$13.2

RoboForex

$6.55

ZFX Countries

The broker's services aren't targeted at people from any specific country other than those of the UK or are designed to be distributed to or use by any person in any jurisdiction or country in any jurisdiction where distribution or use is in violation of local laws or regulation.

Certain ZFX products and features mentioned in this ZFX review might not be accessible for traders in certain nations because of restrictions imposed by law.

ZFX Platforms

ZFX lets traders trade financial instruments using MetaTrader 4. MetaTrader 4 trading platform, which is a highly sophisticated trading platform created at the end of 2005 by the Russian software company, MetaQuotes. It was designed to accommodate traders with all levels of experience. It features a user-friendly interface, and it comes with advanced trading features, including one-click executions such as stop and limit orders and technical indicators, as well as live analytics as well as support for the automated trading of trades with Expert Advisors (EAs).

The MT4 platform is accessible as a desktop app for Windows as well as Mac computers. Additionally, there is a mobile app for trading that is available on Android as well as iOS devices. The web version which can be run directly on the most popular web browsers, such as Chrome, Safari, Firefox and Edge.

ZFX Trading Platform

ZFX Trading Platform

ZFX Trading Tools

The calculator is available for trading as well as an economic calendar available on the website of the broker. Its Economic Calendar is a useful tool to trade that displays the timing of market events as well as their predicted impact in the financial market.

ZFX Economic Calendar

ZFX Economic Calendar

ZFX Education

The following educational resources are accessible on the website of the broker Market announcements, news from corporate trade guides, announcements and a FAQ section which addresses some of the more common questions traders might be asked.

ZFX Instruments

ZFX offers commodities, forex indexes, cryptocurrency, and forex.

ZFX Support

Clients have access to an international customer service team that is available 24 hours a day and are accessible by email, phone social media, an online contact form for support, or by going to their offices in person.

ZFX Deposit & Withdrawal

Demands for account deposits and withdrawals are processed through the bank's wire, credit or debit cards, as well as online payment processors like Neteller as well as Skrill.

ZFX Account Opening

Account opening is simple and simple: simply click"Open Live Account tab in the upper-right section of the broker's website. Complete the registration form by providing your personal details as well as other details that are required.

ZFX Account Opening Page

ZFX Account Opening Page

It is essential to ensure that while making an application to a broker that you have read through all of the terms conditions, policies, and terms. Only apply if you completely comprehend and agree with these.

ZFX Summary

In the end, ZFX is an online financial services company with branches in United Kingdom and Seychelles. ZFX allows traders to purchase and sell a variety of financial instruments using their MT4 trading platform. They supply traders with helpful trading tools as well as educational resources. There is a multi-lingual customer service team that can assist customers. ZFX is licensed within Seychelles and the UK. UK as well as Seychelles through the FCA and the FSA respectively.

CFDs are complicated instruments that have a high chance of losing money quickly because of leverage. A majority of accounts with retail investors lose funds when trading CFDs through this company. It is important to know the way CFDs function and if you're able to bear the chance of losing your money.

Min $50 Deposit

Zeal Capital Market (ZFX) is an online retail broker for trading that provides traders with trading platforms that allow them to trade various financial markets, such as Forex, Commodities, Indices and Cryptocurrencies.

Trade!

Conclusion

The typical ZFX charge for all accounts is described as average for the market. The broker does however have very high spreads for the Mini Standard and Mini Standard accounts which are mainly utilized by novice traders due to the tiny deposit. This is why the terms offered by ZFX are not ideal for novice traders.

Summary
Properties Values
Name
ZFX
Minimum Diposit
$ $50
Leverage
2000:1
Regulation
FSA-S, FCA,,,,,,
Headquarters
UK
Established
2018
Address
Office 1, Unit 3, 1st Floor, Dekk Complex, Plaisance, Mahe, Seychelles
Platform
MT4,,,
Payment Method
Visa,Mastercard,Wire,Tether USDT,,,
Overview
Properties Values
Spreads
0.01
Min Position size
0.01
Broker Type
ECN, STP,,,,,,
Account Type
Cent account,Mini account,High Leverage,Islamic account,Standard,,,
Brokers by Country
UK Forex Brokers,,,
Techniques
Scalping Forex Brokers,Hedging Forex Brokers,Automated Trading Brokers,Mobile Trading Brokers,,,
Instruments
Forex Trading Brokers,Gold Trading Brokers,CFD Trading Brokers,Stock Trading Broke,Oil Trading Brokers,Commodity Forex Brokers,Metal Trading Brokers,Indexes Trading Brokers,,,
Account currency
USD,EUR,GBP,CAD,XAU,JPY,,USD,,USD,
Tools
Charting Software,,,
Website Languages
en,,,
Support languages
en,,,
Bonus
Yes
Reviews Rating
4.2
Withdrawal Fee
No
Trading Signals
Yes
Free Education
Yes
Daily News
Yes
Demo account
Available
Swapsr
Free
Pors
1. User-friendly MetaTrader 4 platform
2. Educational resources
3. Trading tools
4. Multilingual customer support
5. Several financial instruments
Cors
1. No MetaTrader 5 platform
2. No USA clients
3. Not the lowest spreads
Display Analysis
Yes
Serving country
SC,GB,,,
Not Serving country
CN,HK,,,
Contests
Yes
Market analysis
Yes
Copy Trading Brokers
No
Bitcoin Forex Brokers
No
Social trading
Yes
Web trading
Yes
Forex pairs
Yes
CFDs
Yes
Crypto
No
Hedging
Yes
PAMM
MAMM,Myfxbook Auto trade,Mql5 signals,,,
Mobile Trading
Yes
Scalping
No
Automated Trading
Yes
Partnership Programs
Yes
Free Phone
+44 (0) 207 157 9968
Customer Support
24/5
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