zForex

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.

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

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

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).

ECN Account 

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 $7 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

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. 

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Customer Support 

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.