
A Quick Summary of Z Forex
We are excited to release zForex review 2025.
Founded in 2022, zForex is one of the newer forex brokers to make our recommendations list. Within a short time, this broker has established itself as a competitive choice for trading forex CFDs and a wide range of other types of CFDs.
zForex has earned our respect for its low entry barriers, low spreads, high leverage, rapid and secure executions, reliable support, flexible deposit and withdrawal options, and great educational materials and trading tools.
🕵 Broker Type | STP |
📌 Regulated | MISA (Comoros) |
💰 Min Deposit | $10 |
💹 EUR/USD Spread | 0.3 Pip |
📈 Demo Account | Yes |
💱 Base Currencies | USD |
📊 Platforms | MT5, Mobile, Web, cTrader |
💎 Assets | Commodities, Cryptos, Energies, Indices, Forex, Metals, Stock CFDs |
📉 Hedging Allowed | No |
Z Forex Broker Details
Broker Contacts
https://zforex.com/
info@zforex.com
+44 745 802 9958
https://zforex.com/support/
Company Profile
Z Forex Capital Market LLC
2022
Sofia, Bulgaria
MISA (Comoros)
Austria (AT), Belgium (BE), Bulgaria (BG), Croatia (HR), Cyprus (CY), Czech Republic (CZ), Denmark (DK), Estonia (EE), European Union (EU), Finland (FI), France (FR), Germany (DE), Greece (GR), Hungary (HU), Ireland (IE), Italy (IT), Latvia (LV), Lithuania (LT), Luxembourg (LU), Malta (MT), Netherlands (NL), Poland (PL), Portugal (PT), Romania (RO), Slovakia (Slovak Republic) (SK), Slovenia (SI), Spain (ES), Sweden (SE), Turkey (TR), United States (US)
Straight Through Processing (STP)
Trading Conditions
Commodities CFDs, Cryptocurrencies, Energies CFDs, Equity Indices CFDs, Forex Pairs CFDs, Precious Metals CFDs, Stock CFDs
Bank Wire, BitCoin (BTC), Cryptocurrency, DuitNow, Ethereum (ETH), FasaPay, Help2Pay, Jeton, Litecoin (LTC), Mastercard, MomoPay, Payment Asia, Perfect Money, PromptPay, SticPay, Tether, TrueMoney, USD Coin (USDC), VISA
MetaTrader 5 (MT5), Mobile Platform, Web Platform, cTrader
Forex Promotion
Press Release
License and Protection
The company that operates zForex is Z Forex Capital Market LLC. zForex is registered in Saint Vincent and the Grenadines and is regulated by the Mwali International Services Authority (MISA). The company’s license number is T2023321. You can download a copy of the zForex license here.
We also recommend that every time you sign up for an account with a new Forex broker, you first look up their license directly in the regulator’s database.
Reputation
zForex has a solid reputation in the forex community. On Trustpilot, the broker has 4.7 out of 5 stars, a very good rating. Customers appreciate the low entry barriers, the fast trade execution, and the trading tools and resources. They also like how responsive customer support is.
Only on one website do we see significant negative reviews for zForex. While some of these reviews may hold weight, we do find it suspicious that they are all concentrated on one site. It makes us question whether they are legitimate reviews or not.
Products
zForex is a broker that offers CFDs for forex pairs, commodities, and a variety of other assets.
Note that this company only provides broker services. It does not have a proprietary trading platform.
Spreads & Commissions
Here are the commissions for each type of account on zForex:
- Standard: No commission
- ECN: $10 Forex, $15 Metals
- Swap-Free: $10 Forex, $15 Metals
Here are the spreads for each type of account:
- Standard: 1.2 pips
- ECN: As low as zero pips
- Swap-Free: 0.7 pips
You can choose the type of account that best suits your budget and goals for trading.
Platform and Tools
When you choose zForex as your broker, you can either trade on MetaTrader 5 (MT5) or cTrader.
This broker does not offer any sort of proprietary trading platform. That may seem like a disadvantage, but most traders will do just fine with either of the popular platforms that zForex supports. Their charting capabilities are top-shelf, making it easy for you to conduct technical analysis and other strategies.
You will also be glad to know that you can use either of these platforms on a desktop, laptop, or mobile device. That means that you can trade at home or on the go.
Account Types
Here are the different types of accounts offered by zForex, along with their details.
Standard Account
- Minimum Deposit: $10
- Commission: $0
- Spread: 1.2 pip
- Minimum Trade: 0.01 Lot
- Max Leverage: 1:1000
- Margin Call: 100%
- Stop Out: 30%
- Swap Free: NO
The Standard Account is a great option for the majority of forex traders. There are no commissions.
ECN Trading Account
- Minimum Deposit: $10
- Commission: $10 Forex, $15 Metals
- Spread as low as 0 pip
- Minimum Trade: 0.01 Lot
- Max Leverage: 1:1000
- Margin Call: 100%
- Stop Out: 30%
- Swap Free: NO
The ECN account is ideal if you place a large number of trades, and need to tighten your spreads. Just be aware that you will pay commissions with this type of account.
Swap Free Trading Account
- Minimum Deposit: $2,500
- Commission: $10 Forex, $15 Metals
- Spread: 0.7 pip
- Minimum Trade: 0.01 Lot
- Max Leverage: 1:1000
- Margin Call: 100%
- Stop Out: 50%
- Swap Free: YES
If you require an Islamic account to stay halal, then you can opt for a swap-free account, thus complying with Shariah law.
Note that for all three account types, there is a low minimum deposit (very low for ECN and Standard accounts). The minimum trade sizes are also low.
That means that zForex keeps entry barriers to forex low. This is excellent news if you do not have a large amount of money to deposit into your account or trade with.
Demo Account
Along with these three types of real trading accounts, zForex also offers a demo trading account. You can register for this type of account for free, just by providing your basic information. You will receive a demo account with virtual funds which you can use to practice before you go live.
Traders will be glad to learn that they can use a demo account for as long as they wish with no restrictions. Not only that, but you also are allowed to create as many demo accounts as you want, which can be helpful if you are testing more than one strategy at a time.
Offers and Promotions
At the time of this writing, zForex offers a couple of bonuses and promotions to traders that can add value to the trading experience.
30% First Deposit Bonus
When you join zForex, you will be eligible for a 30% First Deposit Bonus up to $1,000. Make sure you remember to claim this when making your initial deposit, so you do not lose your chance.
The maximum leverage for this bonus is 1:1000. There are a couple of trading conditions. You only need to meet one or the other, as described by zForex below:
- At least 70% of trades must not be one-sided (netting).
- Trades must involve at least 3 different symbols, with each symbol constituting at least 20% of the total volume.
Become an IB
The other promotion available at zForex is becoming an Introducing Broker (IB). This is the company’s referral program. Benefits of becoming an IB for zForex include:
- Commission cash-back up to 100% of spreads
- Rebates of up to $12 per lot
While it takes strategy and work to be a successful IB, zForex offers support resources to help you get started.
Markets and Assets
zForex offers a wide range of assets to trade, including:
- Commodities
- CFDs
- Cryptocurrencies
- Energies CFDs
- Equity Indices CFDs
- Forex Pairs CFDs
- Precious Metals CFDs
- Stock CFDs
That means that you can not only do your forex trading here, but all of your trading in one place.
Forex pairs at zForex include major pairs, minor pairs, and exotic pairs.
Social Trading
zForex does support copy trading. You can access this feature by using cTrader as your platform. So, if you want to give yourself an edge by mirroring what other more experienced traders are doing in their accounts, you can when trading with this broker.
Funding & Withdrawals
zForex supports a variety of transfer methods, including:
- Bank Wire
- BitCoin (BTC)
- Cryptocurrency
- DuitNow
- Ethereum (ETH)
- FasaPay
- Help2Pay
- Jeton
- Litecoin (LTC)
- Mastercard
- MomoPay
- Payment Asia
- Perfect Money
- PromptPay
- SticPay
- Tether
- TrueMoney
- USD Coin (USDC)
- VISA
The minimum deposit amount is $10 for all transfer methods. Execution time is instant for many deposit methods. For deposits, there are no commissions.
zForex also has a $10 minimum for withdrawals, which is very flexible. Some methods are processed instantly, while the rest are within the same day or 1 working day. Commissions on withdrawals range from 0.5% up to 4.2% +$1, depending on the method. Some methods only charge the network fee.
On the whole, transfer options for zForex are quick, affordable, and reliable. You can expect timely withdrawals. And if you have any questions about a transfer, you will be able to receive a rapid response from customer service.
Education and Resources
One of the best things about zForex is that the broker provides customers with a wide selection of tools and resources that they can use to trade more profitably.
Academy
The resources below are all part of what zForex refers to as its Academy.
- Blog: In this blog, zForex’s expert team members cover topics related to forex, stocks, commodities, equity indices, ETFs, CFD trading, platforms and tools, fundamental analysis, technical analysis, trading psychology, copy trading, general trading, and their introducing broker program. Keep up with the blog to stay current on events and to learn tips, tricks and strategies to improve as a trader.
- Forex eBook: If you are a forex newbie, you should download the free eBook from zForex. This eBook will walk you through forex basics as well as explain how you can get started opening an account and trading.
- Learn trading for free: This is a section of the Academy that has links to a large number of blog posts that cover beginner topics. By guiding you through a series of educational articles, zForex makes it easy to learn the ropes.
- MT5 video tutorials: If you are new to MT5, it may seem confusing at first. But these video tutorials simplify the learning process, making it easier to get started trading forex.
Analysis and News
Along with the educational materials above, zForex also offers a number of tools that you can use to conduct trading analysis.
- Trading analysis
- Economic calendar
- Market notifications
- Market news
- Weekly analysis
- Daily analysis
If you have traded with other forex brokers in the past, you already likely have a pretty good idea what these resources entail. If you follow along with their updates in these sections, you can stay apprised of what is going on in the markets, which can help you plan your trade entries and exits, especially if you use fundamental analysis.
The site also sends out daily technical analysis overviews and a variety of trade ideas, ensuring that there is something for everyone.
Support and Customer Service
There are a number of different ways you can reach out to the support team at zForex if you need help. You can fill out a web form, send an email, call on the phone, or use the live chat on the website.
To test out customer service, we asked live chat some questions. Our experience was great. We were assigned second place in the queue, and an agent was available to speak to us within under a minute of initiating the chat.
The agent wasted no time in providing us with thorough, detailed answers to our questions. They were friendly, knowledgeable, fast and direct. We were happy both with the responses they gave us, and with the overall experience. We feel confident that if you need help when you are trading with zForex, you can expect the same excellent quality of customer service.
Something else you will appreciate about zForex is that the broker offers services to customers around the world in nine languages. These include English, Chinese, French, Russian, Spanish, Hindi, Indonesian, Arabic and Persian.
Final Overview of zForex
On the whole, zForex is a solid forex broker that has earned a great reputation over the few years it has had to establish itself thus far.
While zForex has no trading platform of its own, it offers competitive spreads and commissions, a wide range of assets to trade, and excellent resources and support to traders.