Z.com Trade is the global brand of GMO CLICK, which is the world’s largest retail forex provider by volume, serving over 500,000 clients worldwide. The company has offices in London, Tokyo, and Hong Kong, and offers online FX and CFD trading services. Z.com Trade is regulated by the Financial Conduct Authority (FCA) in the UK and the Hong Kong Securities and Futures Commission (SFC), providing clients with a secure and stable trading environment. The company offers a range of trading instruments including forex, indices, commodities, and cryptocurrencies, with low spreads and high leverage available. Z.com Trade also provides clients with access to trading platforms such as MetaTrader 4 and its own proprietary platform, Z.com Trader.
Z.com Trade Pros & Cons
Pros:
- Wide range of trading instruments including forex, commodities, and indices
- Competitive spreads and fast execution speeds
- Regulated by top-tier authorities such as the FCA and ASIC, providing a high level of security and protection for traders’ funds
- User-friendly and customizable trading platforms, including MetaTrader 4 and the proprietary Z.com Trade WebTrader
- Multilingual customer support available 24/5 to assist clients with any queries or issues.
Cons:
- Limited education and research materials compared to other brokers
- No support for social trading or copy trading
- Limited availability for certain countries, including the United States.
Account Options
- Broker Type: No Dealing Desk
- Minimum Deposit: $50
- Forex Majors Spread: EUR/USD: 0.1, GBP/USD: 0.6, USD/JPY: 0.2
- Maximum Forex Leverage: 200:1
- Minimum Trade Size: 1000
- Scalping: Yes
- Hedging: Yes
- Free Demo Account: Yes
Trading and Investment Tools
- One-click trading: allows for quick and efficient trade execution with just one click.
- Trade off charts: enables trading directly from the chart, providing a visual representation of price movements and technical analysis indicators.
- Email alerts: allows users to receive alerts via email for various trading events and activities, such as price levels or order execution.
- Mobile alerts: enables users to receive notifications via mobile device for trading activities and events.
- Stop order: an order that is executed when the market price reaches a specified level, used to limit potential losses.
- Market order: an order to buy or sell a security at the current market price.
- Trailing stop order: a stop order that moves in the direction of the market price, used to protect profits or limit losses.
- OCO orders: an order that combines a stop order and a limit order. If one order is executed, the other is automatically canceled.
- Limit order: an order to buy or sell a security at a specified price or better.
- 24-hour trading: enables trading 24/7, without restrictions based on time zones.
- Charting package: it is not specified whether Z.com Trade offers a charting package or not.
- Streaming news feed: it is not specified whether Z.com Trade offers a streaming news feed or not.
Regulation and Security
Z.com Trade is regulated by the Financial Conduct Authority (FCA) in the UK, which is one of the most respected financial regulatory bodies in the world. As an FCA-regulated broker, Z.com Trade is required to follow strict rules and regulations designed to protect traders and their funds.
In terms of security, Z.com Trade uses advanced encryption technology to protect its clients’ data and funds. Client funds are also held in segregated accounts with top-tier banks, which means that in the unlikely event of the company’s insolvency, client funds would be protected and separate from the company’s own funds.
Z.com Trade also offers a negative balance protection policy, which ensures that clients’ account balances cannot go below zero, even in highly volatile market conditions. Overall, Z.com Trade’s regulatory and security measures provide traders with a high level of confidence in the safety of their funds and trading activities.
Conclusion on Z.com Trade
Z.com Trade appears to be a reliable and well-regulated online forex and CFD broker with a strong reputation in the industry. Its no dealing desk execution model, competitive spreads, and range of trading and investment tools make it an attractive option for traders of all levels. However, the lack of a charting package and streaming news feed may be a downside for some traders. Overall, those looking for a secure and trusted broker with a solid track record may find Z.com Trade to be a good choice.
A trustworthy and reliable broker. I personally like it.