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ZFX Broker Review 2023
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ZFX Broker Review 2023
The ZFX is an NDD, STP, and ECN broker headquartered in London. It has been providing online FX and CFD trading services since 2016. It is regulated by the British FCA and Seychelles supervisory authority FSA. Traders from Europe, Asia, and Africa can trade currency pairs, indices, stocks, and commodities on the ZFX platform. The broker is part of the Zeal Group of fintech companies specializing in liquidity solutions for regulated markets in major regions of the world.To get more news about zfx review, you can visit wikifx.com official website.
The ZFX broker is part of the Zeal Group and is only five years old with its headquarters in London. During that time, the brokerage has opened a representative office in Seychelles and several offices in Europe and Asia. However, its management limits the sphere of activity of each subdivision. The broker is regulated by FCA as well as FSA Seychelles.
The ZFX brokerage strives to meet the needs of traders of all experience and asset levels. Cent accounts from $50 and up are available to beginners and traders wishing to test the broker's terms and services. More experienced traders can make transactions on Standard accounts after depositing $200. The broker also offers ECN accounts to both retail traders and professionals.
The ZFX broker offers favorable conditions for active trading and passive investing. Its MT4 terminal allows traders to work with PAMM and MAM accounts. Thus beginners without experience can earn passive income by trusting their capital to competent and professional managers.Any ZFX client interested in investing profits can sign an agreement with the chosen asset manager in which the performance fee is agreed upon in advance. The MAM account includes performance, management, and trading fees. In this case, the broker himself does not participate in the MAM, but only acts as a custodian of the funds and a guarantor that the manager and the investor receive the agreed percentage. The investor can fully control his account.
To determine what trading fees ZFX charges its clients, the broker's trading conditions were analyzed by experts at the Traders Union. There is no fixed brokerage commission at ZFX, and the spread depends on the account type and currency pair. The tightest spreads (from 0.2 pips) are on ECN and Professional accounts. On the Standard STP trading account, spreads start from 1.3 pips, and on the Mini Trading Account, they start from 1.5 pips. Additional commissions may be charged for transactions on ECN accounts. Depositing and withdrawing funds are free of charge, but a commission may be charged by payment systems or the receiving bank.
The ZFX brokerage is an STP and ECN intermediary which offers non-dealer executions, competitive spreads, and the full range of classic MetaTrader 4 features. The company is headquartered in London but has offices worldwide such as in Moscow, Abu Dhabi, Hong Kong, Bangkok, Taipei, Ho Chi Minh City, and Jakarta. ZFX has a relentless focus on finding the best prices in the institutional markets by using cutting-edge technology and guaranteeing clients transparent pricing.
The company seeks to provide favorable trading conditions for beginners and professionals, private and institutional clients, and active traders and passive investors. Its clients can trade currency pairs (major, minor, and exotic) and CFDs on shares and indices. Transactions with CFDs on commodities, including oil and precious metals, are also available. The terminal provided by the ZFX broker supports not only market orders, but also trailing stop, buy limit, buy-stop, sell limit, and sell-stop indicators.
ZFX offers MetaTrader 4 desktop and mobile platforms that support a wide range of technical indicators, including charting, and one-click trading. Automated trading managed by expert advisors is also available. The broker does not provide web terminals, so its clients must download and install MT4 on a PC, laptop, or mobile device to start trading.