ZFX is a trading platform owned by the Zeal Company, which is a holding company with a business portfolio including many regulated financial institutions and fintech businesses. ZFX allows traders from seventy-five different countries and was founded by experienced, veteran traders who wanted to deliver “next level” trading services to both “retail and institutional investors.” The company does not actively assume market risk, and it instead sources neutral prices to give traders a fair chance while trading.

ZFX Pros & Cons

Pros:

• A-to-Z Trading Academy provides educational resources for traders.
• Availability of MetaTrader 4, a popular trading platform.
• Comprehensive website with informative content.
• Low initial deposit requirement for account opening.

Cons:

• Limited product range compared to some other brokers.
• Limited country range as the broker is not available in some countries.

Who Is ZFX Recommended For?

ZFX may be recommended for traders who are looking for a comprehensive trading academy with a focus on education and training. It may also be suitable for traders who prefer the MetaTrader 4 platform for trading. However, it’s important to note that ZFX has a limited product and country range, so it may not be the best fit for traders looking for a wide range of trading options or who are based in countries not supported by the platform.

Top ZFX Features

• Secure Funds: ZFX ensures that the funds deposited by traders are kept in a special bank account that is separate from the company’s accounts. This adds an extra layer of security to traders’ funds.
• Market-Neutral Prices: ZFX provides market-neutral prices to traders, which means that the prices are sourced from neutral parties, ensuring that there is no bias or conflict of interest.
• Regulation: ZFX is regulated by the FCA in the UK and the FSA in the Seychelles, providing traders with assurance that the broker is adhering to strict regulatory standards.
• A-to-Z Trading Academy: ZFX offers an A-to-Z Trading Academy that provides educational resources to traders of all levels. This includes video tutorials, webinars, and e-books.
• MetaTrader 4: ZFX offers MetaTrader 4, which is a popular trading platform among traders due to its user-friendly interface and advanced charting capabilities.
• IB Program: ZFX offers an IB partnership program that allows traders to earn rebates and commissions by referring new clients to the broker. This can be a great way to earn additional income for those interested in promoting ZFX.

ZFX Overview

• Type of Broker: Market Maker
• Regulation & Licensing: The Financial Conduct Authority (United Kingdom), Financial Services Authority (Seychelles)
• Clients Accepted from 75 Countries
• Assets Offered: Available FX Pairs – 64, Available Commodities – 10, Available Stocks – 34, Available Indices – 15, Available Cryptocurrencies – 3
• Platforms Available: Download, Mobile
• Mobile Compatibility: iOS, Android
• Payment Types Accepted: Credit/Debit Card, Bank Wire Transfer, Skrill, Neteller, Local Bank Transfer, Perfect Money

ZFX Account Types

ZFX offers three types of trading accounts to cater to different trading needs and styles. The three account types are the Mini Trading Account, the Standard STP Trading Account, and the ECN Trading Account. Below is detailed information about each account type:

1. Mini Trading Account: This account type is suitable for beginners who want to start trading with a low initial deposit. It offers a 20% stop-out level and the lowest initial deposit requirement of $50. The account provides access to the ZFX MT4 trading platform, with up to 5 decimal pricing, and a range of trading instruments, including 64 forex pairs, 10 commodities, 34 stocks, 15 indices, and 3 cryptocurrencies. The minimum lot size per trade is 0.01, and there is no commission per trade.
2. Standard STP Trading Account: This account type is ideal for experienced traders who need full trading access to all trading instruments. It offers a 30% stop-out level, and the initial deposit requirement is $200. The account provides access to the ZFX MT4 trading platform, with up to 5 decimal pricing. The account offers the same trading instruments as the Mini Trading Account and has a minimum lot size per trade of 0.01. There is no commission per trade.
3. ECN Trading Account: This account type is suitable for traders who need low spreads and fast execution. It offers a starting spread of 0.2 and may apply commissions per trade. The initial deposit requirement for this account is $1,000, and the account provides access to the ZFX MT4 trading platform, with up to 5 decimal pricing. The account offers the same trading instruments as the Mini Trading Account and the Standard STP Trading Account, with a minimum lot size per trade of 0.01 and a maximum lot size per trade of 50.

All three account types come with a demo account and swap/rollover fees. However, there is no copy trading support available.

Compliance and Regulation

ZFX is a regulated broker, and its operations are overseen by two regulatory bodies: the Financial Conduct Authority (FCA) in the United Kingdom and the Financial Services Authority (FSA) in the Seychelles. The FCA is one of the most respected regulatory bodies in the world, known for its stringent regulatory requirements and robust oversight of financial markets. The FSA is the regulatory authority responsible for regulating the financial services industry in Seychelles. By being regulated by these authorities, ZFX is required to adhere to certain standards of conduct and maintain transparency in its operations to ensure that its clients’ funds are kept secure.

Reliability and Security

In addition to offering the industry-standard MetaTrader 4 platform, ZFX also prioritizes security and reliability. The company uses SSL encryption to protect clients’ personal and financial information, and it keeps clients’ funds in segregated accounts to protect them in case of insolvency. ZFX also has a negative balance protection policy, which ensures that clients cannot lose more than their account balance. Overall, these measures help ensure that ZFX provides a secure and reliable trading environment for its clients.

Conclusion on ZFX

ZFX appears to be a reliable and regulated online broker, offering MetaTrader 4 trading platform and a variety of account types to choose from. The broker’s emphasis on providing market-neutral prices and secure fund management adds to its appeal, along with the comprehensive A-to-Z trading academy. However, ZFX’s limited product range and country range may not suit all traders’ needs. Overall, while there are not many user reviews available at this time, ZFX’s regulatory compliance and emphasis on security and education make it worth considering for those looking for a reputable broker.