Regulated

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/10

ZFX

United Kingdom

|

5-10 years

Investment Advisory License

https://zfx.co.uk/

Website

Rating Index
Contact
ZFX
+44(0)207157 9968
support@zfx.co.uk
https://zfx.co.uk/
Influence
E

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FCA

FCARegulated

Investment Advisory License

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Company Name
ZFX
Regulatory Status
Regulated
Company Abbreviation
ZFX
Platform registered country and region
United Kingdom
Phone of the company
+44(0)207157 9968

User Reviews

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2 ratings

Participate in evaluation
Nguyen Khang
The ZFX interface is too complicated, it takes a lot of time to understand! The transaction fees are also not cheap. I am truly dissatisfied!
2024-02-04 11:20
10
Krick Say
ZFX tokens offer solid liquidity but their volatile prices can sure keep your hands full! Definitely not for the faint-hearted!
2024-03-20 20:32
8
Exchange NameZFX
Registered Country/AreaUnited Kingdom
Founded Year2018
Regulatory AuthorityFinancial Conduct Authority(FCA)
Cryptocurrencies AvailableN/A
FeesNo Commissions for MINI Account and STANDARD Account and $7 per lot for ECN Account
Payment MethodsBank Transfer and Credit/Debit Card
Customer SupportPhone at 44(0)207 157 9968, Email at support@zfx.co.uk or Professional Client Support

Overview of ZFX

ZFX, operated by Zeal Capital Market (UK) Limited, is a multi-asset trading platform founded in 2018. It is regulated by the Financial Conduct Authority (FCA) in the UK, which provides a degree of credibility and oversight.

The platform offers trading in Forex, commodities, and indices via MetaTrader 4, and supports a range of accounts tailored to different trading needs, from beginner to advanced. Key features include competitive spreads, various leverage options, and advanced trading tools like the MT4 web trader and mobile apps. ZFX also provides educational resources through its Z Academy to help traders improve their skills.

Overview of ZFX

Pros and Cons

ProsCons
Under RegulationLimited Crypto Selection
Diverse Asset ClassesSwap Fees Charged
Competitive Trading Conditions
Comprehensive Educational Resources
No Deposit & Withdrawal Fees

Pros

  • Under Regulation: ZFX is regulated by the Financial Conduct Authority (FCA) in the UK, which ensures a high level of oversight and client protection.
  • Diverse Asset Classes: Offers trading in Forex, commodities, indices, and metals, providing a range of investment opportunities.
  • Competitive Trading Conditions: Features tight spreads, particularly in the ECN account, and offers leverage up to 1:500, which can be beneficial for experienced traders.
  • ComprehensiveEducational Resources: Provides educational content through the Z Academy, including guides and articles to support traders at all levels.
  • No Deposit/Withdrawal Fees: Does not charge for deposits and withdrawals, making it cost-effective for fund transfers, although third-party fees may still apply.
  • Cons:

    • Limited Crypto Selection: The platform does not focus heavily on cryptocurrencies, which might not appeal to traders interested in a broad range of digital assets.
    • Swap Fees: Like many brokers, ZFX charges swap fees for holding positions overnight, which can add to the cost of trading, especially for long-term traders.
    • Regulatory Authority

      ZFX is regulated by the Financial Conduct Authority (FCA) in the UK and the Financial Services Authority (FSA) in Seychelles. This dual regulation provides a framework of compliance and trust, as both regulators impose rigorous standards on financial operations.

      Regulatory Authority

      Security

      ZFX adopts various security methods, including:

      1.Strictly regulated: Compliance with financial regulations and standards helps ensure that ZFX implements adequate security measures to protect against fraud and other risks.

      2.FSCS Protection: Each client is automatically protected up to £85,000 of his/her investment funds should the Company be in default.

      3.Corporate Governance and Company Financials: Effective internal procedures and stringent financial management go hand in hand to create excellent corporate governance. All procedures at Zeal are vetted by specialists and financials subject to statutory audit.

      Trading Market

      ZFX provides access to a diverse range of financial instruments, primarily focusing on Forex, commodities, and indices. The platform supports trading via the MetaTrader 4, which is well-regarded for its analytical tools and user-friendly interface.

      Trading Market

      Fees

      ZFX offers competitive spreads that vary by account type. For example, ECN accounts can have spreads starting from 0.2 pips, while Standard STP accounts start from 1.3 pips. The platform does not generally charge deposit or withdrawal fees, although there may be third-party charges depending on the payment method used.

      How to Buy Cryptos?

      Below is a detailed, step-by-step guide on how to purchase cryptocurrencies on ZFX:

      • Create an Account:
        • Visit the ZFX website and click on the “Open Account” or “Register” button.
        • Fill in the required information including your name, email, phone number, and create a password.
        • Submit the registration form and verify your email address.
        • Complete Verification:
          • Log into your account and go to the verification section.
          • Provide the necessary documents for KYC (Know Your Customer) verification, such as a government-issued ID (passport, drivers license) and a proof of address (utility bill, bank statement).
          • Wait for the verification process to be completed, which usually takes a few hours to a couple of days.
          • Deposit Funds:
            • Once your account is verified, log in and go to the deposit section.
            • Select your preferred deposit method (bank transfer, credit/debit card, e-wallets like Skrill or Neteller).
            • Follow the instructions to transfer funds into your ZFX account.
            • Access the Trading Platform:
              • Download the MetaTrader 4 (MT4) platform, which ZFX supports for trading.
              • Install MT4 on your computer or mobile device and log in with the credentials provided by ZFX.
              • Buy Cryptocurrencies:
                • Open MT4 and navigate to the “Market Watch” section to view available trading instruments.
                • Find the cryptocurrency pair you want to trade (e.g., BTC/USD).
                • Right-click on the desired pair and select “New Order” or use the “One-Click Trading” feature for quicker transactions.
                • Enter the amount you want to buy and specify other trade details like stop loss and take profit levels.
                • Click on “Buy” to execute the trade.
                • Monitor Your Trades:
                  • After purchasing, you can monitor your positions through the MT4 platform.
                  • Use the various analytical tools and indicators available on MT4 to manage your trades effectively.
                  • Withdraw Funds:
                    • When you decide to cash out, go to the withdrawal section on your ZFX account.
                    • Select your preferred withdrawal method and follow the instructions to transfer funds from your ZFX account to your bank account or e-wallet.
                    • Trading Platform

                      ZFX supports various trading instruments and leverages through the MetaTrader 4 platform, enhancing trading capabilities and user experience.

                      Trading Platform

                      Is ZFX a Good Exchange for You?

                      ZFX is a solid choice for traders looking for a regulated platform with a strong focus on Forex and CFD trading. Its comprehensive tools and educational resources make it suitable for both beginners and experienced traders. However, if your primary interest is in trading a wide range of cryptocurrencies, ZFX might not be the best fit due to its limited cryptocurrency offerings.

                      Customer Support

                      ZFX offers customer support through email, phone, and live chat. Their support services are available in English, and they strive to assist with various trading issues and inquiries promptly.

                      Email: support@zfx.co.uk

                      Phone: +44(0) 207 157 9968

                      Professional Client Support

                      Customer Support

                      FAQ

                      • Q:What is the minimum deposit for ZFX?
                        • A:The minimum deposit for opening an account with ZFX is $0, making it accessible for all traders.

                          • Q:Is ZFX regulated?
                            • A:Yes, ZFX is regulated by the Financial Conduct Authority (FCA) in the UK.

                              • Q:What trading platforms does ZFX offer?
                                • A:ZFX offers MetaTrader 4 (MT4) for web, desktop, and mobile trading.

                                  • Q:What types of accounts does ZFX offer?
                                  • A:ZFX offers several account types, including Mini, Standard, and ECN accounts, catering to different

                                    trading needs and experience levels.

                                    • Q:Does ZFX provide educational resources?
                                    • A:Yes, ZFX provides educational resources through its Z Academy, offering guides and articles for traders at all levels.

                                      • Q:How can I contact ZFX customer support?
                                        • A:ZFX customer support can be reached via email, phone, and live chat.

                                          Risk Warning

                                          Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.