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Z Forex

WikiFX | 2025-05-29 17:51

Abstract：　　Registered in 2006, Z Forex is an unregulated online broker based in Bulgaria, offering trading in market instruments such as forex, metals, indices, commodities, and stocks. With a minimum deposit of $10, Z Forex offers one demo account and three types of live accounts. The leverage is up to 1:1000 on this platform. Z Forex does not accept clients from the Democratic People's Republic of Korea, Iran, Myanmar, the United States of America, or Turkey.

Z Forex Review Summary
Founded	2006
Registered Country/Region	Bulgaria
Regulation	Unregulated
Market Instruments	Forex, Stocks, Indiices, Commodities, Metals,
Demo Account	✅
Islamic Account	✅
Leverage	Up to 1:1000
Spread	From 0 pips
Trading Platform	cTrader, MT5
Minimum Deposit	$10
Customer Support	Live Chat, Contact Form
	Phone: +44 744 147 7121,
	Email: info@zforex.com
	Company Address: Sofia, Olimpiyska str., SiteGround, Sofia Park, fl. 4, No: 2, post code: 1756, Bulgaria
	Social Media: Telegram, Twitter, YouTube, WhatsApp, Instagram
Regional Restriction	Democratic People's Republic of Korea, Iran, Myanmar, United States of America, Turkey

Z Forex Information

Registered in 2006, Z Forex is an unregulated online broker based in Bulgaria, offering trading in market instruments such as forex, metals, indices, commodities, and stocks. With a minimum deposit of $10, Z Forex offers one demo account and three types of live accounts. The leverage is up to 1:1000 on this platform. Z Forex does not accept clients from the Democratic People's Republic of Korea, Iran, Myanmar, the United States of America, or Turkey.

Pros and Cons

Pros	Cons
Three account types	Commission charged
MT5 supported	No regulation
Multiple contact channels	Regional Restrictions
Low minimum deposit requirement
Demo accounts available
Various payment methods

Is Z Forex Legit?

Z Forex has not been regulated, which means activities on this platform are operated without regulatory oversight.

What Can I Trade on Z Forex?

Traders on Z Forex get access to tradable instruments, including forex, stocks, indices, commodities, and metals.

Trading Asset	Available
forex	✔
metals	✔
commodities	✔
indices	✔
stocks	✔
cryptocurrencies	❌
bonds	❌
options	❌
funds	❌
ETFs	❌

Account Type

Z Forex offers a demo account for traders to test this platform without risking real money.

Apart from the demo account, ZForex offers three types of live accounts: Standard, ECN, and Swap Free (Islamic).

Trading Platform	Standard	ECN	Swap Free
Minimum Deposit	$10	$10	$2,500
Maximum Leverage	1:1000		1:500
Commission	$0	$7 Forex, $15 Metals	$10 Forex, $15 Metals
Spread	1.2 pips	from 0 pips	0.7 pips
Minimum Trade	0.01 lot
Margin Call	100%
Stop Out	30%

Leverage

This platform offers leverage up to 1:1000. However, higher leverage significantly increases risk exposure. Traders should exercise caution.

ZForex also offers dynamic leverage, which is a feature that automatically adjusts traders' maximum leverage based on their account equity. zForex claims to employ transparent equity tiers to set your maximum leverage. The table below outlines how leverage adjusts automatically based on traders' account equity:

Account Equity	Maximum Leverage
$0 – 999	1:1000
$1,000 – 2,499	1:800
$1,500 – 7,999	1:500
$8,000 – 19,000	1:400
$20,000 – 39,999	1:300
$40,000 – 74 999	1:200
$75,000 and above	1:100

Z Forex Fees

Z Forex provides distinct spreads for each account: For the Standard account, the spread is 1.2 pips; for the ECN account, the spread can be as low as 0 pips; when it comes to the Swap Free account, it's 0.7 pips.

In terms of commission, Z Forex charges 0 commission for Standard accounts. However, when it comes to ECN account users, Z Forex does charge $7 for forex trading and $15 for metals trading. For Swap Free account users, the commission is $10 for forex trading, $15 for metal trading.

Trading Platform	Standard	ECN	Swap Free
Maximum Leverage	1:1000		1:500
Commission	$0	$7 Forex, $15 Metals	$10 Forex, $15 Metals

Trading Platform

Z Forex provides access to two popular trading platforms for traders to choose from: cTrader and MT5.

cTrader: A popular multi-asset trading platform developed by Spotware, designed primarily for forex and CFD trading.
MT5: The successor to MT4, developed by MetaQuotes, is a widely used platform for trading forex, stocks, commodities, indices, and cryptocurrencies.

Trading Platform	Supported	Available Devices	Suitable for
cTrader	✔	Desktop, Mobile, Web	/
MT5	✔	Desktop, Mobile, Web	Experienced traders
MT4	❌	Desktop, Mobile, Web	Beginners

Deposit and Withdrawal

Credit Card, Wire Transfer, e-Wallets, and Crypto are available payment types on Z Forex, each has distinct methods and conditions.

Payment Types	Methods
Credit Card	Visa, MasterCard
Wire Transfer	Help2Pay, Payment Asia, Transact 365
e-Wallets	SticPay, Jeton, Fasapay, MOMO, Promptpay, True Money, Duitnow
Crypto	Bitcoin, Ethereum, Litecoin, Tether (TRC20), Tether (ERC20), USD Coin

Deposit Options

Deposit Options	Minimum Deposit	Deposit Fees	Deposit Time
Credit Card	$10	0	Instant
Wire Transfer			Same Day
e-Wallets			Within 1 working day
Cryptos			Within 1 working day

Withdrawal Options:

Withdrawal Options	Minimum Withdrawal	Withdrawal Fees	Withdrawal Time
Credit Card	$10	4.2+$1	Instant
Wire Transfer		1.5%	Same Day
e-Wallets		1.5%	Within 1 working day
		SticPay: 2.5+$0.3
		Jeton: $1+0.5
		Fasapay: 0.5%
Cryptos		Network Fee

Leverage Broker Currency Pair Dealer

Related broker

No Regulation

Z Forex

Company name：Z Forex Capital Market LLC

Score

1.96

Website：https://zforex.com/

2-5 years | Suspicious Regulatory License | White label MT5 | High potential risk

Score

1.96

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