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ZERO MARKETS -

Score

6.09 /10
Average

ZERO MARKETS

Saint Vincent and the Grenadines

5-10 years

Regulated in New Zealand

Market Making(MM)

MT5 Full License

Suspicious Overrun

High potential risk

https://www.zeromarkets.com

Influence

B

Add brokers

Comparison

Quantity 7

Exposure

Open Account
Website

Score

Regulatory Index6.83

Business Index7.04

Risk Management Index0.00

Software Index8.34

License Index6.54

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
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Danger

MY SCM
2021-01-01
INVESTOR ALERT LIST
ZERO MARKETS

Broker Information

More

Company Name

ZERO MARKETS

Company Abbreviation

ZERO MARKETS

Platform registered country and region

Saint Vincent and the Grenadines

Company website

X

Facebook

Instagram

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 3
Previous Detection : 2024-12-31
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

ZERO MARKETS

Australia

WikiFX Verification

Exposure

7 pieces of exposure in total
Pyramid scheme complaint
Expose
    Sources
    Data Source WikiFX Data provide
    Updated: 2024-12-31
    ZERO MARKETS · Company summary

    Note: ZERO MARKETS' official website: https://www.zeromarkets.com/ is currently inaccessible normally.

    ZERO MARKETS Review Summary
    Founded2016
    Registered Country/RegionSaint Vincent and the Grenadines
    RegulationRegulated by FMA
    Market InstrumentsForex, share CFDs, indices, commodities, metals, cryptos
    Demo Account✅
    LeverageUp to 1:500
    EUR/USD SpreadAverage 1.3 pips (Standard account)
    Trading PlatformMT4, MT5
    Social Trading✅
    Min Deposit$100 AUD
    Customer SupportLive chat
    Tel: +61 (0)2 7908 3133 / +44 800 917 4388
    Email: support@zeromarkets.com
    Twitter, Facebook, Instagram, Linkedin
    Address: First St Vincent Bank Ltd Building, James Street, Kingstown, Saint Vincents and the Grenadines
    Regional RestrictionsThe United States, Japan or New Zealand

    Zero Markets is a broker offering access to global markets. It is a group of companies which include Zero Financial Pty Ltd and Zero Markets LLC. Zero Financial Pty Ltd (ZERO Markets, ABN 72 623 051 641) is an Authorized Representative (No. 001273819) of First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFSL 286354). Zero Markets LLC is a registered company of St. Vincent and the Grenadines, Limited Liability Number 503 LLC 2020.

    Zero Markets' homepage

    Pros and Cons

    Pros Cons
    Regulated by FMAUnavailable website
    Diverse range of tradable assetsASIC (Exceeded)
    Demo accountsCommissions charged
    Multiple account typesWithdrawal fee charged
    MT4 and MT5 availableRegional restrictions
    Acceptable minimum requirement
    Multiple payment options
    No deposit fees
    Social media presence

    Is ZERO MARKETS Legit?

    Yes, ZERO MARKETS is regulated by the Financial markets Authority (FMA), holding Market Making (MM) license with No. 569807.

    Regulatory Status Regulated
    Regulated by Financial Markets Authority (FMA)
    Licensed Institution ZERO MARKETS (NZ) LIMITED
    Licensed TypeMarket Making (MM)
    Licensed Number569807
    Regulated by FMA

    What Can I Trade on ZERO MARKETS?

    Tradable Instruments Supported
    Forex✔
    Share CFDs✔
    Indices✔
    Commodities✔
    Metals✔
    Cryptocurrencies✔
    Bonds❌
    Options❌
    ETFs❌
    What Can I Trade on ZERO MARKETS?

    Account Type

    ZERO MARKETS offers Islamic raw account, Islamic standard account, Standard account and Super Zero account with the minimum deposit of $100 AUD.

    Standard account

    Super Zero account

    Islamic account

    Leverage

    ZERO MARKETS offers the maximum leverage of 1:500 for Islamic raw account and Islamic standard account. This high leverage setup allows traders to trade larger positions with smaller capital, leading to high returns. However, high leverage also entails high risk.

    ZERO MARKETS Fees

    ZERO MARKETS offers a range of spread and commission options to accommodate different trading preferences. The Standard account provides a commission-free trading environment, where traders can execute trades without incurring additional fees. The spreads for this account start from 1.0 pips.

    For traders seeking even tighter spreads, ZERO MARKETS offers the Super Zero account, which features spreads as low as 0 pips. However, it's important to note that the Super Zero account carries a commission charge starting from $2.50 per side. This commission fee is applied to cover the cost of trade execution.

    Account TypeSpreadCommission
    Standard From 1.0 pips❌
    Islamic Standard From 1.0 pips❌
    Super ZeroFrom 0.0 pips$2.5 per side
    Islamic Raw From 0.0 pips$2.5 per 100,000 Volume
    Typical forex spreads

    Trading Platform

    ZERO MARKETS provides traders with a versatile and comprehensive trading platform. Traders have the option to choose between two popular platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available for Windows, iOS, macOS, Android, and also have a web-based version.

    Trading PlatformSupported Available Devices Suitable for
    MT4✔Windows, iOS, macOS, Android, WebBeginners
    MT5✔Windows, iOS, macOS, Android, WebExperienced traders
    MT4 and MT5

    Deposit and Withdrawal

    Deposit Options

    Deposit OptionAccepted CurrenciesDeposit FeeDeposit Time
    NetellerUSD, EUR, GBP, AUD, CAD, KRW, IDR, MYR, THB, VND, Main LATAM currencies❌Instant
    Skrill❌Instant
    Online BankingMYR, IDR, thb, vnd, php❌Instant
    FinraxBTC, ETH, LTC, XRP, BAT, BNT, CVC, ENJ, FUN, LINK, MITH, MTL, OMG, REP, XXLM, BCH, USDT❌Instant
    InteracCAD❌Instant
    SticpayUSD, EUR, GBP, AUD, KRW, BRL❌Instant
    CryptoPay Plus (USDT)USDT (TRC 20, ERC 20)❌24 hours (weekend exclusive)
    Skrill LATAMUSD, EUR, GBP, AUD, CAD, Main LATAM currencies❌Instant
    Deposit 1

    Deposit 2
    Deposit 3

    Withdrawal Options

    Withdrawal OptionAccepted CurrenciesWithdrawal FeeWithdrawal Time
    NetellerAUD, EUR, GBP, USD1% (min USD) + 1% country fee1 business day
    Skrill1% + 1% country fee (if applicable)1 business day
    EBUYUSDFee may apply1 business day
    Online Banking VND, IDR, THB, MYR, PHP1.5%-2%1 business day
    finraxBTC, ETH, LTC, XRP, BAT, BNT, CVC, ENJ, FUN, LINK, MITH, MTL, OMG, REP, XXLM, BCH, USDTexchange rate1 business day
    SticpayAUD, EUR, GBP, USD2.5% + $0.31 business day
    InteracCADFlat fee CAD 7.8736 hours
    EPayAUD, EUR, GBP, USDNo fees to EPay wallet/USD 4+ 0.38% TAX1 business day
    TetherAUD, EUR, GBP, USDFlat fee USDT1 business day
    pix BRL2.38% (2% WDL + 0.38% VAT fee) + BRL 31 business day
    Withdrawal 1

    Withdrawal 2
    Withdrawal 3

    News

    NewsStock markets sustain year-end rally with low liquidity

    The last week of the year reveals ups and downs, with stock markets sustaining a year-end rally while liquidity remains low. We will explore the optimism driven by record highs on Wall Street, the US interest rate outlook for 2024 and the opportunities and challenges in assets such as Gold and the Euro/USD pair.

    WikiFX
    2023-12-29 15:08
    Stock markets sustain year-end rally with low liquidity

    NewsCopy Trading: beginner’s entry-point into Forex and CFD

    In essence, Copy Trading entails duplicating the actions of successful traders. By leveraging the expertise of others, particularly for novice traders, this approach provides a sense of security and enables confident trading. Copy trading expedites market participation by mirroring trades in real-time made by top traders.

    WikiFX
    2023-10-31 11:02
    Copy Trading: beginner’s entry-point into Forex and CFD

    NewsFirst half of 2023 ends with a positive outlook

    First half of 2023 ended with a positive outlook in the global economy, despite the high interest rates and discouraging speeches from the central banks of the US and Europe. In this article, we will see how various risk assets have performed above expectations, how Bitcoin has been behaving, and also how Apple recently reached historic stock prices.

    WikiFX
    2023-07-17 13:56
    First half of 2023 ends with a positive outlook

    NewsIs Artificial Intelligence a Bubble?

    As advanced technologies continue to emerge, coupled with the increasing impact of Artificial Intelligence (AI), a pertinent question arises: could a financial bubble be looming? Through this article, we'll delve into the phenomenon of speculative bubbles and investigate the plausibility of an AI-related bubble.

    WikiFX
    2023-06-26 18:02
    Is Artificial Intelligence a Bubble?
    About More

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    User comment

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    FX1875436440
    6-12months
    사용자UI가 깔끔하고 이용안내가 자세히 설명되어있으며 다양한 이벤트를 진행합니다 거래환경도 좋은 편이라 주력으로 사용합니다
    사용자UI가 깔끔하고 이용안내가 자세히 설명되어있으며 다양한 이벤트를 진행합니다 거래환경도 좋은 편이라 주력으로 사용합니다
    Translate to English
    2024-06-07 10:36
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    Truth031
    6-12months
    정말 조심해야할 업체입니다.!!! 비 추천 스프레드 정말 불안정하고.. 출금수수료 2%받음!!
    정말 조심해야할 업체입니다.!!! 비 추천 스프레드 정말 불안정하고.. 출금수수료 2%받음!!
    Translate to English
    2024-03-06 09:00
    Reply
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    7