Abstract: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 | Basic Information |
Registered Country/Region | London, UK |
Founded in | 2010 |
Regulations | FCA, FSA (Offshore) |
Tradable Assets | 33 forex, 10 indices, 8 commodities, 2 bullion, 35 shares |
Demo Account | Available |
Leverage | Up to 1:2000 |
Spreads | From 1.3 pips (Std) |
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.
Pros | Cons |
• Wide range of trading instruments including forex, metals, indices, and commodities | • No cryptocurrency trading options |
• Availability of MT4 trading platform | • Limited number of trading instruments compared to some other brokers |
• Access to multiple liquidity providers | |
• Commission-free trading on most instruments |
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 $1000 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.
Q 1: | Is ZFX regulated? |
A 1: | Yes. It is regulated by FCA and FSA (Offshore). |
Q 2: | At ZFX, are there any regional restrictions for traders? |
A 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)。 |
Q 3: | Does ZFX demo accounts? |
A 3: | Yes. |
Q 4: | Does ZFX offer industry leading MT4 & MT5? |
A 4: | Yes. It supports MT4 and ZFX Mobile App. |
Q 5: | What is the minimum deposit for ZFX? |
A 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.