Abstract:Zara FX is allegedly a forex broker based in Saint Vincent and the Grenadines that provides its clients with flexible leverage up to 1:500, floating spreads from 0.8 pips, as well as a choice of three different account types.
Registered in | St. Vincent and the Grenadines |
Regulated by | FINTRAC |
Year(s) of establishment | 2-5 years |
Trading instruments | Currency pairs, indices, commodities, metals, energy, cryptocurrencies |
Minimum Initial Deposit | Information not available |
Maximum Leverage | 1:500 |
Minimum spread | 0.0 pips onwards for starter accounts |
Trading platform | MT4, MT5 |
Deposit and withdrawal method | payeer, neteller, bitcoin, perfect money, VISA and MasterCard |
Customer Service | Email/phone number/address |
Fraud Complaints Exposure | No for now |
General information and regulations of Zara FX
Zara FX is allegedly a forex broker based in Saint Vincent and the Grenadines that provides its clients with flexible leverage up to 1:500, floating spreads from 0.8 pips, as well as a choice of three different account types.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.
At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Market instruments
Currency pairs, indices, commodities, metals, energy, cryptocurrencies.....Zara FX allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on Zara FX. Stocks trading is currently unavailable.
Spreads and commissions for trading with Zara FX
The spreads and commissions are available in the types of trading accounts section, where we can see that for starter account, the minimum spreads are 3.0 pips, and the commission is zero for forex, metals and commodities.
Account Types for Zara FX
Demo Account: Zara FX provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: Zara FX offers a total of 4 account types: starter, VIP, business and professional. The minimum deposit to open an account is not clear, and we can see that the major differences between them consist in the trading costs and conditions.
Trading platforms offered by Zara FX
As for trading platforms, clients can choose between the market leaders MetaTrader4 and MetaTrader5, which can be accessed from many devices.
However, have you ever wondered or are you wondering which platform you should use? Our team has the corresponding article for your reference. The article details the similarities and differences between the two and gives specific advice.
https://www.wikifx.com/es/wikishow/202207208464173722.html
Leverage offered by Zara FX
Zara FX offers a maximum leverage of up to 1:500, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.
Deposit and withdrawal methods and fees
Zara FX offers 24/7 deposits and withdrawals for its clients. The possible payment methods are payeer, neteller, bitcoin, perfect money, VISA and MasterCard.
Educational resources
A series of educational resources is available at Zara FX, such as glossary, videos, news.
Customer support of Zara FX
Below are the details about the customer service.
Language(s): English
Service Hours: 24/7
Email: support@zara-fx.com
Phone Number: +971 588876865
Address: Kemp House, 160 City Road, London, EC IV 2NX ( U.K )
Social media: Facebook, Instagram, YouTube
Users exposures on WikiFX
We have not received any reports of fraudulent activity at this time. However, this does not necessarily mean that this broker is safe and you should remain vigilant to prevent being scammed.
Advantages and disadvantages of Zara FX
Advantages:
Well regulated
High leverage
MT4, MT5
Sufficient information
Educational resources
Many instruments available
Demo account
Copy trading
Disadvantages:
We havent noticed very serious disadvantages.
Frequent asked questions about Zara FX
Is this broker well regulated?
Yes, it is currently effectively regulated by FINTRAC.
How much leverage does this broker offer?
The maximum leverage of Zara FX is 1:500. Please note that this leverage may only be available for some accounts and products. Please consult our articles or the dealer's website for specific information.
What trading platforms does this broker offer?
The platform offered by Zara FX is MT4 and MT5.