zForex Review

zForex processes over 10,000 transactions daily across global financial markets and provides personalized one-on-one customer support through live chat, email, phone, and an online query form. Additionally, they offer attractive bonuses, including a 30% first deposit bonus, a 20% re-deposit bonus, and opportunities for Introducing Brokers to earn rebates up to $12 and 100% cashback.

🛡️Regulated and trusted by the Mwali International Services Authority (MISA)
🛡️1503 new traders chose this broker in the last 90 days.
🛡️Available for global Traders.

Overview

zForex is an international forex broker regulated by the Mwali International Services Authority (MISA) and registered in Saint Vincent and the Grenadines.

The Broker focuses on transparency and security and provides trading services for a global client base, with specialized support for Asian markets in seven languages.

It operates with an equity size of over $50 million and serves more than 5,000 active traders who generate 10,000+ daily transactions. Traders can access forex, stocks, energy, crypto, and metals with three account options that feature spreads from 0.0 pips and leverage of up to 1:1000.

Built on fast trade execution and a commitment to client support, zForex offers personalized 1-to-1 assistance, advanced trading platforms, and flexible deposit bonuses.

Frequently Asked Questions

What is zForex?

zForex is an international forex broker regulated by the Mwali International Services Authority (MISA) and registered in Saint Vincent and the Grenadines. It provides a secure and transparent trading environment for clients worldwide, with a focus on the Asian market and multilingual support.

What types of assets can I trade with zForex?

With zForex, traders can access a variety of assets, including forex, stocks, energy, cryptocurrency, and metals, giving you a wide range of investment opportunities.

What are the account options and leverage available at zForex?

zForex offers three account options, all featuring spreads from as low as 0.0 pips. Traders can also benefit from leverage of up to 1:1000, making it possible to trade with greater flexibility.

How does zForex ensure security and support for its traders?

zForex prioritizes transparency and security, providing advanced trading platforms, fast trade execution, and personalized 1-to-1 client support. The broker is committed to delivering a reliable trading experience and offers flexible deposit bonuses to enhance trader engagement.

Our Insights

zForex is a well-regulated and secure forex broker that caters to a global client base with specialized support for Asian markets. With an equity size of over $50 million, it offers competitive spreads, high leverage, and a wide range of assets for trading. The focus on fast execution, personalized support, and a commitment to transparency makes it an attractive choice for both new and experienced traders.

Detailed Summary

Frequently Asked Questions

Is zForex a regulated broker?

Yes, zForex is regulated by the Mwali International Services Authority (MISA) and registered in Saint Vincent and the Grenadines, ensuring that it adheres to international financial regulations for safety and transparency.

How many active traders use zForex?

zForex currently serves over 5,000 active traders, who collectively generate more than 10,000 daily transactions, demonstrating its popularity and reliability within the trading community.

What languages does zForex support?

zForex provides customer support in seven languages, with specialized support for Asian markets, ensuring traders from various regions can access assistance in their preferred language.

What is the minimum deposit required to start trading with zForex?

The minimum deposit requirements may vary depending on the account type chosen. It’s best to check directly with zForex for the most accurate and up-to-date information.

Our Insights

zForex is a robust and secure forex broker with a global presence. Its high leverage, wide selection of trading assets, and transparent operations make it an appealing choice for traders. The broker’s commitment to providing personalized support and multilingual assistance enhances its reputation, while the low spreads and fast trade execution offer a competitive edge in the market.

Safety and Security

zForex is an international brokerage and clearing house with a Mwali International Services Authority (MISA) Brokerage License (T2023321). zForex:

• Adheres to financial compliance standards.
• Promotes transparency and fair trading practices.

MISA’s regulatory framework gives zForex the authority to provide foreign exchange, securities, and derivative trading services. It also ensures that risk management and investor protection measures are in place to protect all clients.

zForex follows Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures and features all relevant documents on the official website.

zForex’s compliance measures help to prevent fraud, unauthorized transactions, and financial misconduct.

When you register an account with zForex and deposit funds, your funds are held in segregated accounts and not kept in the same account as the broker’s operational funds.

Here’s a breakdown of all information on zForex’s regulations and safety of funds:

Bonus Offers and Promotions

zForex offers two trading bonuses: a 30% First Deposit Bonus and a 20% Re-Deposit Bonus. You can use both bonuses to increase your trading capital, but only if you meet the eligibility requirements and trading conditions. While you can withdraw the profits you make from these bonuses, there are some restrictions to keep in mind.

30% First Deposit Bonus

• Traders receive a 30% bonus on their first deposit, up to a maximum of $1,000.
• Minimum Deposit: $100
• Maximum Bonus Amount: $1,000
• Maximum Leverage: 1:1000
• Refundable: No

Eligibility Requirements

• Only available once per trader.
• Account verification must be completed before claiming the bonus.
• The bonus applies to all account types.

Trading Conditions

To qualify, traders must meet one of the following conditions:

• At least 70% of trades must not be one-sided (no netting allowed).
• Trades must include at least three symbols, each making up at least 20% of the total trading volume.

20% Re-Deposit Bonus

Each time traders make a new deposit, they can receive a 20% bonus, up to a maximum of $1,000.

• Minimum Deposit: $100
• Maximum Bonus Amount: $1,000
• Maximum Leverage: 1:1000
• Refundable: No

Eligibility Requirements

• Account verification must be completed before claiming the bonus.
• The bonus applies to all account types.

Trading Conditions

• To qualify, traders must meet one of the following conditions:
• At least 70% of trades must not be one-sided (no netting allowed).

Trades must include at least three symbols, each making up at least 20% of the total trading volume.

Frequently Asked Questions

What is the 30% First Deposit Bonus at zForex?

The 30% First Deposit Bonus offers traders a 30% bonus on their initial deposit, up to a maximum of $1,000. This bonus helps boost your trading capital and is available to all account types with a minimum deposit of $100.

Are there any conditions to qualify for the First Deposit Bonus?

Yes, to qualify for the 30% First Deposit Bonus, traders must complete account verification. Additionally, they need to meet the trading conditions, such as ensuring at least 70% of trades are not one-sided and involving at least three symbols, each representing at least 20% of the total trading volume.

How does the 20% Re-Deposit Bonus work?

The 20% Re-Deposit Bonus is available each time traders make a new deposit. Traders receive a 20% bonus on the deposit amount, up to a maximum of $1,000. The bonus is subject to the same minimum deposit of $100 and trading conditions as the First Deposit Bonus.

Can I withdraw the profits made from the bonuses?

Yes, the profits you make from both the 30% First Deposit Bonus and 20% Re-Deposit Bonus are withdrawable. However, the bonus amounts themselves are non-refundable, and you must meet the trading conditions to be eligible to withdraw the profits.

Our Insights

zForex offers enticing bonus options with its 30% First Deposit Bonus and 20% Re-Deposit Bonus, providing traders an opportunity to increase their trading capital. While both bonuses are subject to specific eligibility and trading conditions, including the requirement to engage in diversified trades, they provide valuable benefits.

With high leverage and competitive terms, these bonuses are ideal for traders looking to maximize their investment potential, provided they meet the outlined conditions.

Introducing Broker Program

zForex allows individuals and businesses to join a partnership program that rewards them according to referred client trading activity. IBs don’t earn based on the number of clients they onboard. Instead, they earn commissions according to the number of lots clients trade.

How the IB Program Works

Introducing Brokers refer new clients to zForex and earn commissions based on the volume these traders generate. However, IBs must bring in new clients who’ve never held an account to qualify.

Here are some key benefits of the zForex IB program:

• Rebates up to $12 per lot and cashback up to 100% on spreads.
• Real-time earnings tracking in the IB Portal.
• Make fast payments via multiple methods.
• Custom marketing materials for client acquisition.
• Special bonuses for IBs and referrals.

With these attractive benefits, the zForex IB program offers a rewarding opportunity for those looking to earn commissions while helping to expand the zForex trading community.

Commission Structure and Payouts

IBs receive commissions according to the trading volume referred clients generate. However, to qualify for payout withdrawal, the IB must have at least five active clients, and each client must have traded one standard lot.

In addition, commissions are not paid out if the referred clients use bonus funds to trade the qualifying number of lots.

Pay-out Details

Commissions are credited daily to the IB’s account, with a minimum requirement of five active referrals who trade at least one standard lot. The processing time for payments varies depending on internal approval and the chosen payment method.

Additionally, commission eligibility may be restricted if accounts are linked to the IB’s IP address or registration details, as such accounts could be disqualified from receiving commissions.

Frequently Asked Questions

How does the zForex Introducing Broker (IB) program work?

In the zForex IB program, brokers earn commissions based on the trading volume generated by clients they refer, not the number of clients they onboard. IBs must bring in new clients who have never held an account with zForex to qualify for commissions.

What are the benefits of joining the zForex IB program?

Key benefits of the zForex IB program include rebates up to $12 per lot traded, cashback up to 100% on spreads, real-time earnings tracking via the IB portal, fast payments through multiple methods, and custom marketing materials to help IBs acquire new clients. Additionally, there are special bonuses for IBs and their referrals.

How are commissions structured and paid out?

Commissions are based on the trading volume of the referred clients. To qualify for commission payouts, IBs must have at least five active clients who each trade a minimum of one standard lot. Commissions are credited daily, but payouts are subject to internal approval and payment method selection.

Are there any restrictions on commission payouts in the IB program?

Yes, commissions are not paid out if the referred clients use bonus funds to trade the required lots. Additionally, accounts linked to the IB’s IP address or registration details may be disqualified from receiving commissions.

Our Insights

The zForex IB program provides a lucrative opportunity for individuals and businesses to earn commissions based on the trading volume of referred clients. With competitive rebates, cashback offers, and fast payments, the program is designed to reward IBs who actively contribute to expanding the zForex community. However, to benefit from the program, IBs must ensure that referred clients meet the necessary trading requirements and avoid using bonus funds for trades.

Minimum Deposit and Account Types

You can choose between Standard, ECN, and Swap-Free accounts. Each account type is ideal for a different type of trader and features variable trading conditions according to the spreads, whether you pay commission fees, and the maximum leverage you can use.

Your account selection will depend on whether you’re looking for simple, commission-free trading, institutional-level pricing, or a swap-free option (specifically designed with Muslim traders in mind due to its lack of interest charged on overnight positions).

Standard Account – Straightforward and Commission-Free

The standard account is the go-to account for simplicity and straightforward trading fees. This account is renowned for its no-commission structure. The spreads start from 1.2 pips, meaning traders pay zForex’s fee to facilitate trades by paying the spread.

A $10 minimum deposit makes the account perfect for all types of traders, beginners, and anyone with lower capital. A maximum leverage ratio of up to 1:1000 allows for larger trade sizes.

The standard account is suitable for those who trade less frequently, don’t want to worry about commission fees, and prefer an easy-to-manage cost structure. The margin call at 100% and stop-out at 30% provide effective risk management, especially in more volatile financial markets.

ECN Account – Lower Spreads, Direct Market Access

The ECN account is for active traders. The ECN account offers tighter spreads and faster execution. Spreads start from 0.0 pips, providing active, fast-paced traders with low fees on trades and the ability to profit from the smallest market movements.

Instead of a markup on spreads, the ECN account charges a $10 commission per Forex lot and $15 per Metals lot. The ECN account has the same $10 minimum deposit and leverage up to 1:1000, which could boost flexibility in position sizing.

The zForex ECN account gives traders institutional-grade pricing and caters to anyone who values direct market access without dealing desk interference.

Swap-Free Account – Interest-Free Trading

The Swap-Free account is for traders who want to avoid overnight interest charges, whether for religious reasons or long-term holding strategies. Instead of swaps, traders pay a fixed commission of $10 per Forex lot and $15 per Metals lot.

zForex advertises a “no hidden fees” guarantee on this account. However, traders should still verify how long they can keep positions open without paying additional holding fees.

Due to its nature, the swap-free account requires a minimum deposit of $2,500. While much higher than the other accounts (and brokers), the swap-free nature of this account justifies the higher price tag.

The Swap-Free account charges spreads from 0.7 pips. While the leverage is still up to 1:1000, the stop-out level is slightly higher at 50%.

If you want to hold positions for several days while avoiding accumulating swap fees, the zForex swap-free account is a decent alternative.

Frequently Asked Questions

What are the differences between the Standard, ECN, and Swap-Free accounts?

The Standard account is commission-free, with spreads starting from 1.2 pips, and is ideal for beginners or those with lower capital. The ECN account offers lower spreads (starting from 0.0 pips), faster execution, and a $10 commission per Forex lot, which is suitable for active traders. The Swap-Free account is designed for traders who want to avoid overnight interest charges, with a fixed commission of $10 per Forex lot and is tailored for Muslim traders or those with long-term holding strategies.

What is the minimum deposit for each account type?

The Standard and ECN accounts require a minimum deposit of $10, making them accessible for traders with lower capital. However, the Swap-Free account requires a minimum deposit of $2,500 due to its specialized interest-free nature.

What are the leverage and spread options available for each account type?

The Standard and ECN accounts offer leverage of up to 1:1000. The Standard account has spreads from 1.2 pips, while the ECN account offers much tighter spreads starting from 0.0 pips. The Swap-Free account also offers leverage up to 1:1000, with spreads starting from 0.7 pips.

What is the commission structure for the ECN and Swap-Free accounts?

The ECN account charges a $10 commission per Forex lot and $15 per Metals lot. The Swap-Free account also charges a fixed commission of $10 per Forex lot and $15 per Metals lot, but instead of swap fees, it offers interest-free trading for overnight positions.

Our Insights

zForex offers a variety of account types tailored to different trading needs. Whether you’re a beginner looking for a simple, commission-free option, an active trader seeking direct market access and tighter spreads, or a trader who needs to avoid overnight interest charges, zForex has you covered.

Each account offers flexibility with leverage up to 1:1000, but the Swap-Free account comes with a higher minimum deposit, reflecting its specialized nature. Overall, zForex provides solid options to cater to both new and experienced traders.

How to Register a zForex Account

zForex’s sign-up is short and direct, and there’s an easy verification process that follows financial regulations. Here’s the entire process in a few steps:

1. Step 1: Sign Up

Visit the zForex website and click the “Open Account” button to begin the registration process.

2. Step 2: Enter Personal Information

Provide your details, including your name, surname, email, mobile number, and country of residence.

3. Step 3: Choose Your Account Type

Choose between the Standard, ECN, or Swap-Free account based on your trading preferences and needs.

4. Step 4: Verify Your Email

After selecting your account type, you’ll be redirected to the trader dashboard. Check your inbox for a verification email, and follow the instructions to verify your email address.

5. Step 5: Download/Log Into MetaTrader 5

You will receive your login details from zForex. Download and log in to MetaTrader 5 to start trading.

6. Step 6: Verify Your Identity

Complete the identity verification process by uploading a passport or government-issued ID and a proof of residence (utility bill or bank statement). This step ensures compliance with financial regulations.

7. Step 7: Approval and First Deposit

Once your verification is approved, you will be able to access the deposit methods. Choose your preferred method and make your first deposit: $10 for Standard and ECN accounts or $2,500 for the Swap-Free account. This will also activate any available zForex bonuses.

After completing these steps, you’ll be all set to start trading with zForex!

Trading Platforms and Tools

zForex supports MetaTrader 5 (MT5) and cTrader, two well-known platforms that offer traders advanced charting, automated strategies, and multiple execution options.

While zForex offers two platforms, only MetaTrader 5 can be selected during account setup.

MetaTrader 5 (MT5)

zForex, unlike other brokers, doesn’t support MetaTrader 4. However, this isn’t a loss for traders because MT5 expands on the features of MT4.

MetaTrader 5 is still as easy to navigate but offers additional indicators, faster execution, and multi-asset support. MetaTrader 5 lets you analyze up to 100 charts simultaneously, set custom alerts, and use Expert Advisors (EAs) for automated trading.

Other notable features include:

• Forex Matrix displays exchange rates across multiple currency pairs.
• Correlation Alarm lets you know when your assets show strong correlation shifts.
• Sentiment Trader offers real-time market sentiment data.
• VPS Support gives you access to continuous trading with zero disruptions.

MT5 is available on desktop, mobile, and WebTrader, and your account synchronizes across all devices.

cTrader

cTrader has a sleek, user-friendly, intuitive design, customizable interface, and rapid order execution. It features:

• Multiple layouts with advanced drawing tools.
• Comprehensive Order Management, such as Market depth and advanced order types (TWAP).
• Orders are processed in 1 millisecond using smart routing.

The platform supports manual, algorithmic, and copy trading. cTrader is one of the most versatile platform options, regardless of your trading style.

Frequently Asked Questions

Which trading platforms does zForex support?

zForex supports two popular trading platforms: MetaTrader 5 (MT5) and cTrader. Both platforms offer advanced charting, automated strategies, and multiple execution options for traders.

Can I choose between MetaTrader 4 and MetaTrader 5 when setting up my account?

No, zForex only offers MetaTrader 5 (MT5) during the account setup process. While MetaTrader 4 is not supported, MT5 provides enhanced features like faster execution, more indicators, and multi-asset support, making it a suitable alternative.

What are the key features of MetaTrader 5?

MetaTrader 5 offers a range of advanced features, including the ability to analyze up to 100 charts simultaneously, custom alerts, Expert Advisors (EAs) for automated trading, Forex Matrix for exchange rate analysis, Correlation Alarm for tracking asset correlation shifts, and Sentiment Trader for real-time market sentiment data. MT5 also supports VPS for uninterrupted trading across all devices.

What are the benefits of using cTrader?

cTrader is known for its sleek, user-friendly interface and rapid order execution. It offers customizable layouts, advanced drawing tools, and comprehensive order management with market depth and advanced order types. cTrader also supports manual, algorithmic, and copy trading, making it versatile for different trading styles.

Our Insights

zForex provides traders with two highly functional trading platforms—MetaTrader 5 and cTrader. While MetaTrader 5 is the default platform during account setup, it offers robust features such as multi-asset support, advanced charting, and automated trading options. For those seeking a more intuitive design and quick order execution, cTrader is an excellent alternative with its customizable interface and versatile trading capabilities.

Both platforms cater to various trading styles, providing powerful tools for both beginner and advanced traders.

Markets Available for Trade

When you evaluate a broker, you’ll want to see a range of instruments to diversify your portfolio and spread risks across markets.

zForex offers an extensive range of markets and instruments, which makes this possible. Available instruments include forex pairs, stock CFDs, indices, commodities, and cryptocurrencies.

Forex Pairs

With 80+ currency pairs, zForex provides opportunities across major, minor, and exotic pairs, each offering different levels of volatility and liquidity.

• Major Pairs: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/CAD, etc.
• Minor Pairs: EUR/GBP, EUR/AUD, GBP/JPY, EUR/JPY, NZD/USD, CAD/JPY, etc.
• Exotic Pairs: USD/TRY, USD/ZAR, EUR/NOK, USD/PLN, EUR/SGD, USD/MXN, etc.

Major forex pairs are extremely liquid and have tighter spreads because of how often they’re traded. Most traders use major pairs for fast-paced trading strategies because they translate into lower trading fees.

Minor and exotic pairs have a higher risk because prices fluctuate quickly, making these pairs more ideal for experienced traders than beginners.

Stock CFDs

zForex offers US and European stock CFDs. zForex’s shares feature tech, finance, and consumer companies. Traders can speculate on price movements and don’t have to worry about owning shares.

• Popular Stocks: Amazon, Apple, Tesla, Microsoft, Boeing, JPMorgan.
• European Stocks: BMW, Unilever, BP, Vodafone, L’Oréal, Barclays.

You can go long or short (buy or sell) shares, giving you the perfect opportunity to profit from rising and falling markets, depending on your trading strategy and investment/trading timeline.

Indices

Index CFDs expose you to global stock markets when you invest in instruments that track the performance of major indices. Here are a few options available from zForex:

• US Indices: US30 (Dow Jones), NAS100 (Nasdaq), SPX500 (S&P 500).
• European Indices: GER40 (DAX 40), FTSE100 (UK100).
• Asian Indices: JPN225 (Nikkei 225).

Index CFDs are less volatile than individual stocks and allow you to trade the overall market sentiment (how investors collectively “feel” about the market, which often impacts the market direction).

Commodities

zForex offers traditional commodities, including precious metals and energy products.

• Precious Metals: Gold (XAU), Silver (XAG), Platinum (XPT), Palladium (XPD).
• Energy Commodities: Brent Crude (BRENTSPOT), WTI Crude (USOIL), Natural Gas (NATGAS).

Most traders see metals as a “safe-haven asset” and go-to when there’s a lot of market volatility or uncertainty. Oil and gas markets are a viable trading opportunity, but keep in mind that prices fluctuate according to supply and demand shifts.

Cryptocurrencies

The platform offers a limited selection of cryptocurrencies, which are not linked to the main menu options. If you want to see the crypto trading options, you’ll need to navigate to zForex’s “Conditions” menu from the main navigation on the homepage. Here’s what zForex offers in terms of digital currencies:

• Available Cryptos: Dogecoin (DOGE), Cardano (ADA), Ripple (XRP), Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH).

Remember, cryptocurrency assets are extremely volatile, and pricing is susceptible to quick and drastic changes. While there’s high risk involved with digital assets, they’re suitable for short-term trading strategies.

Frequently Asked Questions

What markets and instruments are available for trading at zForex?

zForex offers a wide range of trading instruments, including forex pairs, stock CFDs, indices, commodities, and cryptocurrencies. This diversity provides traders with ample opportunities to diversify their portfolios and manage risk across various markets.

What types of forex pairs can I trade at zForex?

zForex offers over 80 currency pairs, including major pairs like EUR/USD, GBP/USD, USD/JPY, and AUD/USD; minor pairs such as EUR/GBP, EUR/AUD, and GBP/JPY; and exotic pairs like USD/TRY, USD/ZAR, and EUR/SGD. Major pairs are ideal for fast-paced trading, while minor and exotic pairs are better suited for experienced traders due to higher volatility.

Can I trade stocks through zForex?

Yes, zForex offers stock CFDs for both the US and European markets. You can trade popular stocks like Amazon, Apple, Tesla, Microsoft, and JPMorgan, as well as European stocks like BMW, Unilever, and BP. You can speculate on price movements without owning the actual shares, and you can go long or short based on your trading strategy.

What commodities are available to trade on zForex?

zForex provides access to precious metals like Gold (XAU), Silver (XAG), Platinum (XPT), and Palladium (XPD), as well as energy commodities such as Brent Crude (BRENTSPOT), WTI Crude (USOIL), and Natural Gas (NATGAS). Precious metals are considered safe-haven assets, while energy commodities are influenced by supply and demand shifts.

Our Insights

zForex offers a comprehensive selection of markets and instruments for traders of all levels. With over 80 forex pairs, stock CFDs, global indices, precious metals, energy commodities, and even a selection of cryptocurrencies, traders can easily diversify their portfolios and explore various trading opportunities.

While some instruments, like cryptocurrencies, carry higher volatility and risk, zForex provides options suitable for both short-term and long-term strategies. Whether you’re focused on forex or looking to venture into stocks and commodities, zForex has the tools to support your trading goals.

Fees, Spreads, and Commissions

Trading with zForex comes with both trading and non-trading costs. What you expect to pay depends on your account type, asset class, and payment method.

You must understand the pricing structure to calculate the capital you must keep in your account. Calculating trading and non-trading fees also gives you an idea of the final profits you can access and withdraw.

Spreads and Commissions

zForex offers two options in terms of trading fees: spread-based and commission-based. The Standard Account is the spread-based account where all broker fees are included in the spread. The commission-based account (ECN) charges lower spreads but includes set fees for forex and metals.

Here are the spreads per account type:

• Standard Account: Spreads start from 1.2 pips
• ECN Account: This account offers raw spreads from 0.0 pips but includes commission fees.
• Swap-Free Account: Features spreads from 0.7 pips with no overnight interest.

Spreads per Asset Class (Average)

Overnight Fees

zForex applies overnight swap charges when you keep a position open after the market has closed. Swaps only apply to the Standard and ECN accounts and are waived for Swap-Free accounts.

Here’s what you can expect from zForex (with the full list available on the official website under “Trading Conditions”):

• Forex (EUR/USD) – -6.765 Swap Long, 2.556 Swap Short.
• Metals (XAU/USD) – -45.881 Swap Long, 26.415 Swap Short.
• Stock CFDs – -9.141 Swap Long, 0 Swap Short.
• Indices – -8.5 Swap Long, 2 Swap Short.
• Crypto -20 Swap Long, -20 Swap Short.

Deposit and Withdrawal Fees

zForex doesn’t charge internal deposit fees. However, your payment provider or bank might apply charges you must verify before using them. While deposits are free, withdrawals are charged.

Frequently Asked Questions

What are the differences between spread-based and commission-based accounts at zForex?

zForex offers two types of accounts: the Standard Account, which is spread-based, and the ECN Account, which is commission-based. In the Standard Account, broker fees are included in the spread, while the ECN Account offers raw spreads with additional commission fees for forex and metals.

What are the spreads for each account type at zForex?

• Standard Account: Spreads start from 1.2 pips.
• ECN Account: Raw spreads start from 0.0 pips but with commission fees.
• Swap-Free Account: Spreads start from 0.7 pips, with no overnight interest charges.

Are there any overnight fees for holding positions?

Yes, zForex applies overnight swap charges for the Standard and ECN accounts when positions are kept open after the market closes. The Swap-Free account does not incur overnight swap charges. Specific swap rates vary depending on the asset class, such as forex, metals, stock CFDs, indices, and crypto.

Does zForex charge deposit or withdrawal fees?

Deposits to zForex are free of charge, though your payment provider or bank may impose their fees. Withdrawals, however, are subject to charges, so it’s important to check for any additional fees that may apply.

Our Verdict

zForex offers a transparent pricing structure with different options to suit various trading styles. Traders can choose between spread-based and commission-based accounts, each offering distinct benefits based on their preferred trading method. The Standard Account is ideal for those who prefer a simpler, commission-free structure, while the ECN Account caters to traders seeking raw spreads with the flexibility of commission-based fees.

Swap-free accounts offer an attractive option for those looking to avoid overnight fees. While deposits are free, it’s important to consider withdrawal fees and verify any charges applied by third-party payment providers.

Deposit and Withdrawal Options

zForex’s deposits and withdrawals are easy, quick, and reliable. Both deposits and withdrawals can be done using the same payment method. zForex is transparent about its deposit and withdrawal information, fees, timelines, and additional conditions.

Deposits

To deposit funds into a zForex account:

• Ensure that you’ve verified your identity and that your account is active.
• Log in to the zForex portal.
• Click on “Deposit” from the side menu.
• Choose a deposit method.
• Enter the payment details into the required fields.

Click “Make Deposit” and confirm your actions via email.

Note that:

• Internal deposit fees don’t apply to any payment methods, but banks and payment providers can apply their fees.
• The minimum deposit is $10 for all methods.
• Depending on internal bank processes, deposits via bank transfers can take a full business day.

Withdrawals

To withdraw funds from a zForex account:

• Complete identity verification and ensure you have enough free margin in your account.
• Click on the withdraw option from the side menu.
• Enter your available withdrawal amount.
• Confirm the withdrawal request.

Approve the transaction in the confirmation email.

Note that:

• While zForex aims to process withdrawals within one business day, the funds will take a few days to reach your account, depending on your withdrawal method.
• Withdrawal fees are charged across payment methods.
• Crypto withdrawal fees depend on blockchain congestion.
• If you request a withdrawal between 6 PM and 6 AM GMT+3, your request will be processed on the next available business day.
• CNY and INR withdrawals over $415 and $70 have a 6% commission.

Frequently Asked Questions

How do I deposit funds into my zForex account?

To deposit funds, log into the zForex portal, select “Deposit” from the side menu, and choose your preferred payment method. Enter the required payment details and confirm the deposit via email. The minimum deposit amount is $10 for all methods.

Are there any fees associated with deposits?

zForex does not charge internal deposit fees. However, banks and payment providers may apply their fees, so it’s important to verify these charges with them. Bank transfers may take up to one full business day due to internal processing.

How can I withdraw funds from my zForex account?

To withdraw funds, log into the zForex portal, select “Withdraw” from the side menu, and enter the withdrawal amount. Confirm the transaction via the confirmation email. Note that zForex processes withdrawals within one business day, but the funds may take longer depending on the withdrawal method.

Are there any withdrawal fees or conditions?

Withdrawal fees vary by payment method, and cryptocurrency withdrawals may incur additional fees depending on blockchain congestion. If you request a withdrawal between 6 PM and 6 AM GMT+3, it will be processed on the next business day. Also, CNY and INR withdrawals over certain amounts incur a 6% commission.

Our Insights

zForex offers a simple and transparent process for both deposits and withdrawals. The platform ensures that no internal fees are charged for deposits, although external payment providers may apply their charges. While zForex processes withdrawals quickly, it’s important to account for the timing of the request and the chosen payment method, as funds may take a few additional days to reach your account. Additionally, certain withdrawal methods, such as CNY and INR, come with commission fees for larger transactions, so it’s essential to be aware of these when planning withdrawals.

Educational Material

zForex offers a few educational resources that can teach you about trading and help you improve your market knowledge. zForex offers educational articles, trading guides, market analysis, and platform tutorials.

Here’s a quick look at what’s available:

Educational Articles and Trading Guides

zForex offers detailed articles on key trading concepts, including:

• How to Use a Demo Account
• Introduction to Trading Online
• What is Forex?
• What are Stock CFDs, Index CFDs, and Commodities?
• Fundamental & Technical Analysis

Forex & CFD E-Book

A structured guide for new traders covering:

• Forex basics and key terms
• Opening and managing a trading account
• Depositing and withdrawing funds
• Market research and strategy development
• Trade execution and position management

Technical & Fundamental Analysis Guides

These guides give traders essential strategies for analyzing price movements and market trends. Topics include:

• Common Technical Indicators and Chart Patterns
• Support and Resistance Levels
• Candlestick Patterns
• How to Use Moving Averages in Trading
• Fundamental Analysis of Market Trends
• Economic Indicators and Their Impact on Trading

MetaTrader 5 Tutorials

zForex offers step-by-step guides on how to use MT5 efficiently:

• Setting Up MT5
• Navigating the Platform & Placing Orders
• Using Indicators & Charting Tools
• Risk Management Features

zForex Blog

The blog provides ongoing market analysis and insights across various trading instruments, including forex, stocks, commodities, indices, and CFDs. Topics include:

• Trading Psychology & Strategy Development
• Copy Trading & Proprietary Trading
• Platform & Tools Overview
• Understanding Market Trends & Economic Factors

Where to Access These Materials

You can access the materials here:

• Website: Articles, technical guides, and blog posts are freely available.
• Account Panel: The e-book requires account registration.

Frequently Asked Questions

What types of educational materials does zForex offer?

zForex offers a range of educational materials, including articles, trading guides, market analysis, platform tutorials, and an e-book. Topics covered include forex trading, CFDs, technical and fundamental analysis, and the use of MetaTrader 5.

Is there a beginner-friendly guide for new traders?

Yes, zForex provides an e-book specifically designed for new traders. It covers the basics of forex trading, account management, market research, trade execution, and more, helping beginners get started with confidence.

Can I learn how to use MetaTrader 5 with zForex?

Yes, zForex offers step-by-step MetaTrader 5 tutorials that teach you how to set up the platform, place orders, use indicators and charting tools, and manage risk, helping you become proficient in using MT5 for trading.

Are there free educational resources available?

Yes, many of zForex’s educational materials, such as articles, technical guides, and blog posts, are freely accessible on their website. To access the e-book, you must have an active account with zForex.

Our Insights

zForex provides a solid foundation of educational resources for traders at all levels. Whether you’re a beginner looking for structured learning through their e-book or an experienced trader seeking detailed analysis and platform tutorials, zForex offers valuable content. Their comprehensive range of materials, including market insights, technical guides, and trading strategies, is easily accessible, making it an excellent resource for those aiming to improve their trading skills.

Research and Trading Tools

The markets continuously change, and this forces you to stay updated. zForex offers research and analysis tools to do just this. You can access daily and weekly market analyses, economic calendars, stock and commodity insights, and trading ideas.

Available Research and Trading Tools

How These Tools Benefit Traders

Daily Stock CFDs Analysis

When you analyze stock CFDs, you can easily spot price trends, earnings changes, and technical patterns. zForex mainly offers insights on major US stocks, with information derived from financial reports, news events, and historical price movements.

Commodity Market News and Analysis

Commodity traders track global supply-demand trends, interest rate policies, and geopolitical events. zForex has frequent updates on metals, oil, and agricultural commodities.

Trading Ideas

zForex shares ideas for short-term and long-term strategies. The trading ideas suggest favorable entry and exit points, trade duration, and risk-reward ratios. zForex’s ideas are based on fundamental and technical factors.

Economic Calendar (Weekly)

The weekly economic calendar highlights major financial events, including:

• Interest Rate Decisions from Central Banks (Fed, ECB, BoJ)
• GDP Growth Reports reflecting economic strength
• Inflation Data like CPI and PPI, which impact currency markets

Daily and Weekly Analysis

• Daily Analysis: Provides real-time market trends, price movements, and key daily levels.
• Weekly Analysis: Offers deeper insights into upcoming economic events, global market movements, and potential trading opportunities.

Market Notifications

Traders receive updates on global financial events, market closures, and trading condition adjustments. Examples include:

• Presidents’ Day Trading Adjustments
• Christmas and New Year Market Closures
• Major Economic Reports and Their Impact

Frequently Asked Questions

What types of research tools does zForex provide?

zForex offers a range of research and trading tools, including daily and weekly market analyses, economic calendars, stock and commodity insights, and trading ideas. These tools help traders stay updated with market trends and make informed decisions.

How can daily stock CFD analysis help me?

zForex’s daily stock CFD analysis provides insights into price trends, earnings changes, and technical patterns for major US stocks. It draws from financial reports, news events, and historical data to assist traders in making informed decisions.

What is the economic calendar, and how does it benefit traders?

The weekly economic calendar highlights important financial events like interest rate decisions, GDP growth reports, and inflation data. Traders can use this calendar to anticipate market-moving events and adjust their strategies accordingly.

How does zForex provide trading ideas?

zForex shares trading ideas based on both fundamental and technical analysis. These ideas suggest favorable entry and exit points, trade duration, and risk-reward ratios, helping traders craft short-term and long-term strategies.

Our Insights

zForex equips traders with a comprehensive set of research and trading tools that keep them informed about market movements. With real-time market analysis, an economic calendar, and trading ideas, zForex ensures that traders are well-prepared for opportunities and risks. These resources are particularly beneficial for those looking to stay ahead of market trends and refine their strategies.

Customer Support Options and Contact Details

ZForex’s customer support ensures you get the help you need quickly, regardless of your query type.

Customer service is available through live chat, email, phone, and an online query form. You also get personalized one-on-one support with account inquiries, platform navigation, and technical troubleshooting.

The support team is accessible in multiple languages, reflecting zForex’s focus on serving a global client base.

How to Contact zForex Support

• Live Chat – Available on the zForex website for real-time assistance.
• Email – Send inquiries to [email protected] for account and technical support.
• Phone – Contact +44 744 147 7121 for direct assistance.
• Online Query Form – Submit questions via the zForex Solution Center.

The Physical Office is Located at Olimpiyska str., SiteGround, Sofia Park, fl. 4, No: 2, 1756, Bulgaria.

Frequently Asked Questions

What customer support options are available at zForex?

zForex offers support via live chat, email, phone, and an online query form. They also provide one-on-one personalized assistance for account and technical inquiries.

How can I contact zForex customer support?

You can contact zForex support through live chat on their website, by emailing [email protected], calling +44 744 147 7121, or submitting an online query through their Solution Center.

Is customer support available in multiple languages?

Yes, zForex offers multilingual customer support to accommodate their global client base.

Where is zForex’s physical office located?

zForex’s physical office is at Olimpiyska str., SiteGround, Sofia Park, fl. 4, No: 2, 1756, Bulgaria.

Our Insights

zForex provides a variety of accessible customer support options, including live chat, email, phone, and an online query form, all supported in multiple languages. Their responsive support ensures quick assistance for traders across the globe.

zForex vs AvaTrade vs XM – a Comparison

Pros and Cons

In Conclusion

zForex offers competitive trading conditions with three account types that cater to various traders. The Swap-Free account is beneficial, though it requires a higher minimum deposit, and there are no hidden fees. While zForex doesn’t have a native platform, it supports MetaTrader 5 and cTrader. Leverage up to 1:1000 is available, with standard risk protection measures.

Deposits are instant, but withdrawals take longer and have fees, which are communicated. Support is responsive and multilingual. zForex also provides an IB rebate, cashback, and bonuses to enhance capital. While it covers the basics well, adding more advanced tools could further benefit experienced traders.

References:

• About Us
• Become an IB
• What is Forex?

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