Is ZFX safe to trade?

About ZFX

Zeal Group of companies (collectively Zeal Group) is a business portfolio comprising regulated financial institutions (trading as ZFX) and fintech companies. Founded by a group of veteran traders with decades-long experience in the industry who not only share an appreciation for the complexity the world of financial trading itself may present but also have the expertise and commitment to change.

Is it Legit or Scam？

ZFX is regulated by the Financial Conduct Authority (FCA) under License No. 768451. The broker is also controlled by the Seychelles Financial Services Authority, with license number SD027.

Instruments

There are many different instruments available for trading with ZFX. It offers Forex, Commodities, Indices, Stocks, ETFs, and Bonds to clients.

Account Types

ZFX offers three types of accounts. Mini Trading Account, ZFX STP and ECN account. The Mini trading account is designed to help beginner traders start small and succeed big. Enter the market with a minimum deposit of just $50, and trade flexibly with small transactions.

The ZFX STP (Straight Through Processing account) offers all types of investors the very best trading price. STP accounts offer the most competitive market price, it also provide greater stability and fixability. You can open a Standard STP account with a minimum deposit of USD 200.

ECN account is the ideal choice for a short-term trader looking to capitalize on quick price fluctuations. Plus, the ECN account provides increased flexibility and an extended trading period compared with normal market hours.

Platform

ZFX offers the MT4 platform to users. As it supports a wide variety of order types, allows you to trade from charts, and enables one-click trading. ZFX MT4 integrates seamlessly with your existing trading infrastructure, and you can attach additional programs.

Leverage

The leverage is based on trading account equities. You can now leverage 1:2000 when you trade gold and FX. ZFX Trading Accounts (FX and precious metals) trading leverage is limited to a maximum of 1:500.

Deposit and Withdrawal

ZFX makes it simple to deposit and withdraw money. Many “payment methods” are accessible, including Skrill, Neteller, bank transfers, and credit cards.

Education

The broker guides beginner, intermediate, and advanced traders via its A-to-Z Academy. There you will find numerous articles related to the Forex Industry. there is a ZFX Academy glossary also to help people find clear and concise definitions of dozens of terms used by forex traders daily.

Customer Support

ZFX provides an official email at cs@zfx.com and a phone number of 400-842-611, which is available Monday through Friday for 24 hours. It also provides a form below to contact service representatives.

Conclusion

ZFX is a legitimate and trustworthy broker. Its attractive characteristics include some non-trading costs, no withdrawal fees, and a commission structure that allows for scalping and hedging. But still, you must be alert while investing your valuable money with the broker.