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Do you want to know which is the better broker between BINANCE JEX and ZFX ?
In the table below, you can compare the features of BINANCE JEX , ZFX side by side to determine the best fit for your needs.
EURUSD: 0.2
XAUUSD: 1.4
Long: -6.31
Short: 2.27
Long: -27.82
Short: 14.47
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of binance-jex, zfx lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Aspect | Information |
Registered Country/Area | China |
Founded Year | 2-5 years |
Company Name | BINANCE JEX |
Regulation | No Regulation |
Minimum Deposit | N/A |
Maximum Leverage | N/A |
Spreads | N/A |
Trading Platforms | App (iOS and Android), Desktop Client, API integration |
Tradable Assets | Cryptocurrencies, Spot, Options, Futures |
Account Types | N/A |
Customer Support | 24/7 Chat Support, Email Support, Twitter, Facebook |
Payment Methods | P2P Trading, Credit/Debit Card, Bank Transfer, Third-Party Payment Channels |
Trading Tools | Binance Convert, Conversion History, Futures Grid, Trading Bots, Spot Grid, Binance OTC |
General Information
Binance JEX is an unregulated cryptocurrency exchange that operates without valid regulatory licenses. As a result, it lacks the oversight and regulatory protection usually provided by authorized entities. This absence of regulation increases the potential risk for users, as there may be a higher likelihood of market manipulation and fraudulent activities. It is important for users to exercise caution and be aware of the associated risks when trading on an unregulated platform like Binance JEX.
The platform offers a range of market instruments for trading, with fees varying depending on the type of trading instrument and discounts available for JEX token holders. Binance JEX supports multiple payment methods, including P2P trading, credit/debit card payments, bank transfers, and third-party payment channels. However, users should be aware of the risks and exercise due diligence when engaging in financial transactions on the platform.
Binance JEX provides trading platforms for both mobile and desktop devices, allowing users to trade on the go and stay informed about market updates. The exchange also offers API integration for third-party trading applications. To enhance security, Binance JEX provides the Binance Authenticator for 2-Step verification.
The platform offers various trading tools such as Binance Convert, Futures Grid, Trading Bots, Spot Grid, and an OTC trading service. These tools aim to enhance the trading experience and provide users with options to automate their trades and benefit from market fluctuations.
Customer support is available through 24/7 chat support, email communication, Twitter, and Facebook. Users can reach out to Binance JEX for assistance or inquiries regarding the platform.
While Binance JEX offers trading opportunities and a range of tools, users should be cautious due to the lack of regulatory oversight, the reported complaints, and the potential risks associated with unregulated exchanges.
Binance JEX, as a cryptocurrency exchange, has both advantages and disadvantages. In terms of pros, it offers a wide range of market instruments, including over 500 cryptocurrencies, options, ETFs, and futures. Traders may engage with buy and sell offers from other users, and the fee structure is relatively low. Additionally, the integration of JEX has expanded the platform's offerings. However, there are notable cons to consider. Binance JEX operates without regulatory oversight, which poses potential risks such as market manipulation and fraudulent activities. Limited information on less-known cryptocurrencies and the lack of customer protection and legal recourse options are also concerning. To make informed decisions, users should carefully weigh these pros and cons before engaging in trading activities on Binance JEX.
Pros | Cons |
Wide range of market instruments | Lack of regulatory oversight |
Access to over 500 cryptocurrencies | Potential for market manipulation and fraudulent activities |
Options, ETFs, and futures availability | Limited information on lesser-known cryptocurrencies |
Ability to engage with buy/sell offers | Relatively low fee structure |
Integration of JEX for expanded offerings | Limited customer protection and legal recourse options |
Binance JEX Exchange is currently not regulated by any valid regulatory authority. This means that the platform does not operate under the oversight and regulations that are typically in place to protect investors and ensure fair trading practices.
It's important to note that trading on an unregulated exchange carries inherent risks. Without regulatory oversight, there is a higher likelihood of fraudulent activities, market manipulation, and inadequate security measures. Additionally, in the event of any disputes or issues with the exchange, there may be limited avenues for legal recourse or protection of investors' rights.
Furthermore, it is worth mentioning that there have been complaints received by WikiFX regarding Binance JEX Exchange. Specifically, eight complaints have been reported within the past three months. These complaints and reports should serve as a warning and raise caution about the potential risks and possible fraudulent activities associated with the platform.
Binance JEX provides access to a range of market instruments, primarily focusing on cryptocurrency pairs. Traders can choose from over 500 cryptocurrencies, including popular options like BTC, ETH, and XRP, as well as lesser-known cryptos such as NEO, IOTA, and NavCoin.
The platform offers options for trading crypto coins like ETH/BTC, LTC/BTC, JEX/BTC, DASH/BTC, and others. Additionally, traders have access to options, ETFs, and futures. Binance JEX expanded its offerings through the acquisition of JEX, which is now integrated and rebranded as Binance Jex.
To facilitate trading, Binance JEX allows users to view and engage with buy and sell offers from other traders or create their own trade offers. A fee is charged for each trade, although the specific fee structure is relatively low.
Traders interested in utilizing Binance JEX's services are required to register on the platform before engaging in any trading activities.
Pros | Cons |
Wide range of over 500 cryptocurrencies | Lack of regulation and oversight |
Availability of popular cryptocurrencies | Potential for market manipulation |
Access to options, ETFs, and futures | Limited information on less-known cryptocurrencies |
Ability to view and engage with buy/sell offers | Relatively low fee structure |
Integration of JEX for expanded offerings | Risk of fraudulent activities |
User registration required for trading | Limited customer protection and legal recourse options |
Binance JEX has a pricing schedule for transaction fees, which can be found on its website. The fees vary depending on the type of trading instrument.
For crypto coin pairs like ETH/BTC, the maker fee is 0.10% and the taker fee is 0.10%. Users who hold JEX tokens receive a 50% discount on these fees.
When it comes to option trading, both makers and takers are charged a fee of 0.20%. Again, JEX token holders enjoy a 50% discount on these fees. The fees for ETF trading are the same as for options.
For futures trading, the fees differ based on the trading pairs. For BTCUSDT, the maker fee is 0.00% and the taker fee is 0.04%. For ETHUSDT, the maker fee is 0.01% and the taker fee is 0.06%.
Pros | Cons |
Pricing schedule for transaction fees | Fees vary depending on the type of trading instrument |
Clear fee structure available on the website | Non-JEX token holders do not receive fee discounts |
Discounted fees for JEX token holders | Higher fees for option trading compared to coin pairs |
Consistent fees for ETF trading and options | Different fee structure for different futures trading |
Zero maker fee for BTCUSDT futures trading | Potential for confusion due to varying fee percentages |
Binance JEX offers trading platforms that cater to the needs of traders on various devices. Users can trade on the go and stay informed about market updates with the Binance JEX app and desktop client.
The trading platforms are available for download on different operating systems. For mobile trading, the Binance JEX app can be downloaded from the App Store for iOS devices or from Google Play for Android devices. The app allows traders to access all the features and functionality of Binance JEX on their smartphones or tablets.
For desktop trading, Binance JEX provides a powerful crypto trading platform that is compatible with Windows, MacOS, and Linux. Traders who prefer to conduct their trading activities on a computer can download the desktop client to enjoy a tailored trading experience.
Binance JEX also offers API integration, helping traders to connect their own trading applications to the platform. The Binance API is designed to provide a way to integrate trading functionality into third-party applications.
To enhance account security, Binance JEX provides the Binance Authenticator. This app generates 2-Step verification codes, adding an extra layer of protection to user accounts. The Binance Authenticator can be downloaded for both iPhone and Android devices.
Pros | Cons |
Wide range of market instruments, including over 500 cryptocurrencies | The platform primarily focuses on cryptocurrency pairs, limiting options for traders interested in other asset classes |
Access to popular cryptocurrencies like BTC, ETH, and XRP, as well as lesser-known cryptos | Limited variety in trading options beyond cryptocurrencies |
Integration of JEX platform expands the offerings available on Binance JEX | The fee structure for trades is relatively low, but specific details are not provided |
Ability to view and engage with buy and sell offers from other traders | Registration on the platform is required before engaging in trading activities |
API integration allows traders to connect their own applications to the platform | The Binance Authenticator app adds an extra layer of security to user accounts |
Binance JEX offers a range of trading tools designed to enhance the trading experience and provide users with various strategies and options. Here are some of the trading tools available on Binance JEX:
1. Binance Convert: Binance Convert allows users to instantly convert one cryptocurrency into another within their Binance JEX account. This tool helps exchange cryptocurrencies without the need for placing separate buy and sell orders.
2. Conversion History: Binance JEX keeps a record of users' conversion history, allowing them to track their previous cryptocurrency conversions. This feature provides a reference for users to review their conversion transactions.
3. Futures Grid: Binance JEX offers Grid Trading applied to COIN-M and USD-M contracts in the futures market. Grid Trading enables users to amplify their purchasing power by deploying long/short strategies and taking advantage of sideways markets. This tool helps users automate their futures trading and potentially benefit from market fluctuations.
4. Trading Bots: Binance JEX provides automation tools for trading cryptocurrencies. Users can deploy trading bots to execute trades based on predefined strategies. These bots help users identify and replicate trending strategies and take advantage of the liquidity available on Binance JEX. By using trading bots, users can trade crypto like professional traders.
5. Spot Grid: Spot Grid is a tool that allows users to place buying and selling orders at set intervals across a configured price range. By automating trades using Spot Grid, users can take advantage of volatile markets and potentially optimize their trading outcomes.
6. Binance OTC: Binance JEX offers an over-the-counter (OTC) trading service. OTC trading allows users to trade large volumes of cryptocurrencies directly with Binance, without going through the traditional order book. The OTC trading service provides a more personalized way to execute large trades.
7. OTC Trading History: Binance JEX keeps a record of users' OTC trading history, allowing them to track their previous OTC transactions and review the details of their trades.
Pros | Cons |
Binance Convert allows instant cryptocurrency conversion within the account | Lack of information on the effectiveness of trading tools |
Conversion History enables users to track previous cryptocurrency conversions | Limited information on the success rate of Grid Trading |
Futures Grid helps automate futures trading and potentially benefit from market fluctuations | Limited transparency on the performance of trading bots |
Trading Bots assist in identifying and replicating trending strategies | Lack of detailed information on the effectiveness of Spot Grid |
Spot Grid enables automated trading based on configured price ranges | Limited information on the success rate of OTC trading |
Binance OTC offers personalized trading for large volumes | Lack of transparency regarding the OTC trading process |
OTC Trading History allows users to track and review previous OTC transactions | Limited insight into the historical performance of OTC trades |
Binance JEX offers several payment methods for users to facilitate trading and transactions. These methods include:
1.P2P Trading: Binance JEX provides a peer-to-peer (P2P) trading platform where users can buy and sell cryptocurrencies directly with other users. P2P trading allows for the use of various payment methods, such as bank transfers, mobile payment apps, and online payment systems, depending on the preferences of the trading parties.
2. Credit/Debit Card: Binance JEX supports credit and debit card payments, allowing users to purchase cryptocurrencies using their cards. By linking their cards to their Binance JEX accounts, users can make instant purchases and quickly access the cryptocurrencies they desire.
3. Bank Transfer: Users can also make deposits and withdrawals on Binance JEX via bank transfers. This payment method enables users to transfer funds from their bank accounts to their Binance JEX accounts or vice versa.
4. Third-Party Payment Channels: Binance JEX may collaborate with third-party payment channels to provide additional payment options to its users. These channels can include various online payment systems, e-wallets, and mobile payment apps. By integrating with trusted third-party platforms, Binance JEX aims to offer users a wider range of payment choices and enhance the accessibility of cryptocurrency trading.
Binance JEX offers an advanced technology called GSLB, featuring Distributed server cluster, distributed storage high-speed memory trading engine with alternation of several machines, cold e-wallet, hot e-wallet with the offline private key.
Customer Support
Binance JEX provides customer support through multiple channels to assist users with their inquiries and concerns. Here are the customer support options available:
24/7 Chat Support: Binance JEX offers 24/7 chat support to provide real-time assistance to users. Users can access the chat support feature on the Binance JEX website or platform, allowing them to interact with support representatives and receive prompt responses to their queries.
Email Support: Users can also reach out to Binance JEX customer support by sending an email to service@email.jex.com. This email address serves as a direct communication channel for users to raise their concerns, ask questions, or seek assistance.
Twitter: Binance JEX maintains an official Twitter account where users can find the latest updates, announcements, and news related to the platform. Users can also reach out to Binance JEX through Twitter by mentioning or direct messaging their queries to the official Binance JEX Twitter handle: https://twitter.com/BinanceJEX/.
Facebook: Binance JEX has a Facebook page where users can find information about the platform and engage with the community. Users can visit the Binance JEX Facebook page to access updates, announcements, and relevant content. The Facebook page also serves as a platform for users to communicate with Binance JEX: https://www.facebook.com/JEX-1915721362076725/?modal=admin_todo_tour.
In conclusion, Binance JEX is an unregulated cryptocurrency exchange that offers a range of trading tools and platforms for users to trade and invest in cryptocurrencies. The advantages of using Binance JEX include pricing listed in tables, availability of mobile and desktop trading platforms, and various trading tools such as Binance Convert and Futures Grid. However, the platform's lack of regulation raises concerns about investor protection, potential fraudulent activities, and limited legal recourse in case of disputes. Additionally, the presence of complaints reported to WikiFX further highlights potential risks associated with Binance JEX. It is crucial for users to carefully consider these disadvantages and exercise caution when using the platform.
Q: Is Binance JEX a regulated exchange?
A: No, Binance JEX is currently not regulated by any valid regulatory authority. Trading on an unregulated exchange carries inherent risks.
Q: What are the pros and cons of using Binance JEX?
A: The pros of using Binance JEX include availability of trading platforms for different devices, and a range of trading tools. However, the cons include the lack of regulation and the presence of complaints reported to WikiFX.
Q: What fees does Binance JEX charge?
A: Binance JEX has a pricing schedule for transaction fees. The fees vary depending on the type of trading instrument, such as crypto coin pairs, options, ETFs, and futures.
Q: How does deposit and withdrawal work on Binance JEX?
A: Binance JEX does not charge any deposit fees, but users are required to pay a flat fee for each withdrawal to cover transaction costs. The withdrawal fees vary depending on the blockchain network and can change due to factors like network congestion.
Q: What trading platforms does Binance JEX offer?
A: Binance JEX offers a mobile app for iOS and Android devices, a desktop client for Windows, MacOS, and Linux, and API integration for connecting third-party trading applications.
Q: What trading tools are available on Binance JEX?
A: Binance JEX offers tools such as Binance Convert for instant cryptocurrency conversion, Conversion History for tracking previous conversions, Futures Grid for automated futures trading, Trading Bots for executing predefined strategies, Spot Grid for automated trading in volatile markets, and Binance OTC for personalized large-volume trades.
Q: What payment methods are accepted on Binance JEX?
A: Binance JEX supports P2P trading, credit/debit card payments, bank transfers, and may collaborate with third-party payment channels to offer additional options.
Q: How can I contact customer support for Binance JEX?
A: You can reach Binance JEX customer support through 24/7 chat support on their website, via email at service@email.jex.com, or through their official Twitter and Facebook accounts.
ZFX | Basic Information |
Registered Country/Region | London, UK |
Founded in | 2010 |
Regulation | FCA, FSA (Offshore) |
Tradable Assets | 33 forex, 10 indices, 8 commodities, 2 bullion, 35 shares |
Demo Account | Available |
Leverage | Up to 1:2000 |
Spread | From 1.3 pips (Standard account) |
Trading Platforms | MT4, ZFX Mobile App |
Minimum Deposit | $50 |
Payment Methods | Credit/debit cards, bank transfer, e-wallets |
Education | A to Z Academy, Help Center, Glossary |
Customer Support | 24/7 live chat, online messaging, email: CS@ZFX.COM |
Zeal Group of Companies, often referred to collectively as the Zeal Group, is a conglomerate of fintech corporations and regulated financial institutions that trade under the name ZFX. The group specializes in providing liquidity solutions for various types of assets in regulated markets and is backed by exclusive technology. Furthermore, the Zeal Group operates globally, indicating a considerable presence in several major global locations. This global reach, combined with their multi-asset specializations and regulatory frameworks, solidifies their position as a competitive player in the financial industry.
ZFX is a broker that offers several advantages and disadvantages to traders.
Pros | Cons |
• Regulated by the FCA | • Limited range of trading instruments |
• Multiple account types available | • No cryptocurrency trading |
• Demo accounts available | • No MT5 platform available |
• Low minimum deposit requirement for the Mini Trading Account | • Limited market analysis and insights |
• Wide range of funding options | • No Islamic account option for Muslim traders |
• MT4 and proprietary trading platform supported | |
• Copy trading available | |
• 24/7 multi-channel support |
On the positive side, ZFX is a regulated broker, providing traders with demo accounts option, which is beneficial for beginner traders who want to practice their trading strategies before trading with real money. In addition, ZFX offers competitive trading conditions and low minimum deposit requirement through the popular MetaTrader4 trading platform.
On the negative side, the available trading instruments is limited, and no MT5 platform, as well as no Islamic account option for Muslim traders.
ZFX is a regulated broker. Its company name is Zeal Capital Market (UK) Limited, and it is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under the registration No. 768451. The FCA is one of the most reputable regulatory bodies in the world, and its strict regulations ensure that ZFX adheres to high standards of transparency and fairness.
ZFX's other entity, Zeal Capital Market (Seychelles) Limited, is authorized and offshore regulated by the Seychelles Financial Services Authority (FSA) under regulatory license number: SD027.
Additionally, ZFX ensures the safety of its clients' funds by keeping them fully segregated in a designated client bank account. This means that the clients' funds are kept separate from ZFX's operating funds. In the event that the company faces financial difficulties or becomes insolvent, the funds in these client accounts cannot be used to meet the liabilities of the company. This measure provides an added layer of security for ZFX clients, ensuring their capital cannot be used for any other purposes aside from their trading activities.
ZFX is a forex and CFD broker that offers a wide range of trading instruments to its clients. The broker offers 100+ tradable assets, including 33 forex, 10 indices, 8 commodities, 2 bullion, and 35 shares. While the broker does not offer cryptocurrencies, it does provide a substantial number of instruments in other categories, which traders can take advantage of.
ZFX's platform allows traders to trade the most popular and liquid assets in the market, including popular forex pairs like EUR/USD and USD/JPY, as well as commodities such as gold and oil. This allows traders to take advantage of different market conditions and adjust their trading strategies to suit the market environment.
Apart from demo accounts, ZFX offers three types of trading accounts, namely Mini Trading, Standard Trading, and ECN Trading accounts. Each account has its own unique features and advantages, catering to different levels of traders with varying trading styles and preferences.
Mini Trading Account: The Mini Trading account is designed for beginner traders who are new to the forex market. It requires a minimum deposit of $50 and offers the minimum FX spreads starting from 1.5 pips. The leverage is up to 1:2000, and the minimum trading size is 0.1 lots.
Standard Trading Account: The Standard Trading account is designed for experienced traders who require a more comprehensive trading environment. It requires a minimum deposit of $200 and offers floating spreads starting from 1.3 pips. The leverage is up to 1:500, and the minimum trading size is 0.01 lots.
ECN Trading Account: The ECN Trading account is designed for professional traders who require direct access to liquidity providers. It requires a minimum deposit of $1,000 and offers spreads starting from 0.2 pips (commission may apply). The leverage is up to 1:500, and the minimum trading size is 0.01 lots.
Pros | Cons |
• Variety of account types to choose from | • Limited features in the Mini account |
• Low minimum deposit requirement for the Mini account | • High minimum deposit requirement for the ECN account |
• Access to high leverage for all account types | • No Islamic account option available |
Opening an account with ZFX is a simple and straightforward process that can be completed in just a few steps.
First, navigate to the ZFX website and click on the “Open Account” button.
You will then be prompted to fill out a registration form with your personal information, including your name, email address, phone number, and country of residence.
Next, you will need to choose the account type that best suits your needs, whether it be a Mini Trading, Standard Trading, or ECN Trading account. Each account type has its own minimum deposit requirement, so be sure to check the details carefully before making your selection.
Once you have completed the registration form and selected your account type, you will need to provide some additional documentation to verify your identity and address. This typically includes a copy of your passport or national ID card, as well as a recent utility bill or bank statement. Once your account has been approved, you will be able to fund it and start trading in the financial markets.
The maximum leverage offered by ZFX is up to 1:2000 and the leverage amount may vary depending on the account type and trading instrument. Additionally, ZFX operates on a tiered margin system, where the leverage is determined based on account equity. For accounts with equity between $0 and $3,000, the maximum leverage is 1:2000. For equity between $3,001 and $10,000, the maximum leverage is 1:1000.
Please note that high leverage carries a high level of risk, as it amplifies both potential profits and losses. Traders should carefully consider their risk tolerance and financial situation before utilizing high leverage ratios. ZFX also provides negative balance protection to help mitigate the risk of account balances falling below zero.
ZFX says it offers competitive spreads and commissions on its trading instruments, which vary depending on the account type and market conditions. The broker operates on a variable spread model, meaning that the spread can widen or narrow based on the volatility of the markets.
Account Type | Spreads | Commissions |
Mini Trading | From 1.5 pips | N/A |
Standard Trading | From 1.3 pips | |
ECN Trading | From 0.2 pips |
For the Mini Trading account, the minimum spread for forex pairs is 1.5 pips. The Standard Trading account has a minimum spread of 1.3 pips for forex pairs. The ECN Trading account has a minimum spread of 0.2 pips for forex pairs. However, no specific info on commissions is revealed openly.
ZFX offers the popular trading platform MetaTrader 4 (MT4), which is widely recognized in the forex industry for its user-friendly interface and advanced trading tools. MT4 provides access to various order types, technical analysis tools, and customization options, making it suitable for both novice and experienced traders. In addition, ZFX offers mobile versions of the MT4 platform for both iOS and Android devices, enabling traders to access the markets from anywhere, at any time.
ZFX also provides a mobile application for its clients, ensuring they can trade on the go. This ZFX Mobile App offers access to all the major features of the trading platform and enables clients to manage their portfolio, place trades, and monitor the markets from their mobile device.
The mobile app can be a valuable tool for traders who need the flexibility to trade anywhere and anytime, while still having access to key functionalities of the platform. Before using the app, make sure it is downloaded from an official source like the App Store or Google Play to ensure security and authenticity.
ZFX offers a Copy Trade feature, which is great news for both beginner and busy traders. Copy trading, also known as social trading, allows traders to automatically copy the trades of experienced and successful traders. This can help beginners to learn trading strategies from experienced traders, and help busy traders to automate their trading. By using the Copy Trade feature, you can potentially increase your chances of making profitable trades.
Remember, however, that while copy trading can increase potential profits, it also carries all the usual risks of trading, including potential losses. So, it's important to select a reliable trader to follow and to monitor your trades.
ZFX offers a variety of deposit and withdrawal options to their clients. Deposits can be made using bank transfers, credit/debit cards, and e-wallets such as Skrill, Neteller, and Perfect Money. The minimum deposit amount is $50 for Mini and Standard Trading accounts, and $500 for ECN Trading accounts.
Withdrawals can be made using the same methods used for deposits, with the exception of credit cards. ZFX does not allow withdrawals to credit cards due to the limitations imposed by card issuers. The minimum withdrawal amount is $10 for e-wallets and $100 for bank transfers. Withdrawals are typically processed within 24 hours, but the time it takes for the funds to reach the client's account may vary depending on the withdrawal method and the client's bank.
ZFX does not charge any fees for deposits and withdrawals, but third-party fees such as bank wire transfer fees may apply.
Pros | Cons |
• Supports multiple deposit and withdrawal methods | • Limited number of supported currencies for deposits and withdrawals |
• Fast and efficient withdrawal processing time | • Deposit and withdrawal processing times may vary depending on the chosen method and location of the trader |
• No deposit/withdrawal fees | |
• User-friendly deposit and withdrawal interface through the ZFX client portal |
ZFX is committed to providing its clients with comprehensive educational resources to better equip them for the trading journey. ZFX also provides demo accounts for new traders to practice trading without risking real money.
The broker's A to Z Academy offers a wide range of educational content designed to cater to traders of all skill levels. This includes everything from basic introductory materials for beginners to more advanced topics for seasoned traders.
Besides, ZFX's Help Center serves as a knowledge hub, addressing common queries and offering technical assistance on a variety of trading-related aspects.
Moreover, ZFXs Glossary helps traders get acquainted with key trading terms and jargon, ensuring they can confidently navigate the lingo-filled world of financial markets.
These educational resources signify ZFX's commitment to supporting its clients' continual learning and progress in the trading domain.
Pros | Cons |
• Comprehensive educational resources | • No live trading sessions or mentorship |
• Demo account for practice | |
• Suitable for traders of different levels |
ZFX offers customer support through several channels, including live chat, online messaging, and email: CS@ZFX.COM. The support team is available 24/7 to assist traders with any issues they may encounter.
In addition, the broker provides an extensive FAQ section on their website, which covers a range of topics, including account opening, funding, and trading.
ZFX 's customer support is available in multiple languages, including English, Chinese, Thai, Vietnamese, Indonesian, and more. This is particularly useful for traders who are not fluent in English and prefer to communicate in their native language.
Pros | Cons |
• 24/7 customer support | • No physical office in some countries, which may make it difficult for some traders to reach the company |
• Multiple channels for support | |
• Multilingual support | |
• An FAQ section on the website |
Overall, ZFX is a reputable option for traders looking to access the financial markets. The broker's maximum trading leverage of 1:2000, based on account equity, is one of the highest in the industry and can provide traders with significant opportunities for profit. Additionally, competitive spreads, and free deposits and withdrawals, and a choice of popular MT4 trading platforms further strengthen ZFX's position as a reliable broker.
Question 1: | Is ZFX regulated? |
Answer 1: | Yes. It is regulated by FCA and FSA (Offshore). |
Question 2: | At ZFX, are there any regional restrictions for traders? |
Answer 2: | Yes. It does not provide services for residents of certain countries such as the United States of America, Canada, Egypt, Iran and North Korea (Democratic People's Republic of Korea)。 |
Question 3: | Does ZFX demo accounts? |
Answer 3: | Yes. |
Question 4: | Does ZFX offer industry leading MT4 & MT5? |
Answer 4: | Yes. It supports MT4 and ZFX Mobile App. |
Question 5: | What is the minimum deposit for ZFX? |
Answer 5: | $50 for the Mini Trading account, while higher for other account types. |
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive binance-jex and zfx are, we first considered common fees for standard accounts. On binance-jex, the average spread for the EUR/USD currency pair is -- pips, while on zfx the spread is From 0.2.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
binance-jex is regulated by --. zfx is regulated by FCA,FSA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
binance-jex provides trading platform including -- and trading variety including --. zfx provides trading platform including ECN,Standard STP,Mini and trading variety including --.