Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
zForex Pros & Cons
- High transaction speeds;
- Fast work of trading platforms;
- 24/7 technical support;
- MetaTrader 5 (MT5) platform;
- Automatic tracking system of clients’ risks;
- Official regulation of activity.
- Limited number of assets;
- Absence of its own trading platform;
- Clients from Turkey, the U.S.A, and Europe can not trade with the broker.
zForex is a retail brokerage company that has been providing online Forex trading services since 2022. The broker allows its clients to work with four assets, namely currency pairs, contracts for difference (CFDs), metals, and digital coins (cryptocurrencies). The representative office of the broker is located in Sofia, Bulgaria. Z Forex Capital Market LLC is authorized and regulated by the Saint Vincent and the Grenadines Commission under its reference number 2145 LLC 2022.
TU Expert Verdict
I can confidently recommend zForex — it is a highly trusted company that I have personally tested and verified. Its trading conditions and user feedback show that most traders are satisfied, and my own experience confirms its solid and consistently reliable performance.
Top-5 Brokers Traders Prefer
zForex User Reviews
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5-star
50%
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4-star
33%
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3-star
17%
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2-star
0%
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1-star
0%
They don't have an app yet like other brokers do
The best broker ever
When it comes to prizes on Demo Contest they're the best
When it comes to trading and withdrawals they excellent
Open broker with best leverage
Trading with them is an answered prayer 🙏
Thanks much zForex
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of zForex have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of zForex with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, zForex’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
zForex Standard spreads zForex OANDA FOREX.com EUR/USD min, pips 0.1 0.1 0.7 EUR/USD max, pips 0.4 0.5 1.2 GPB/USD min, pips 0.2 0.1 0.9 GPB/USD max, pips 0.6 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
zForex RAW/ECN spreads zForex OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 7 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.15 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with zForex. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
zForex Non-Trading Fees zForex OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is zForex Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria3.7 /10zForex has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
zForex Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level Abbreviation MISA (Mwali) Full Name Mwali International Services Authority Country of regulation The Comoros Investor Protection Fund No specific fund Regulation Level Tier-3 zForex Security Factors Foundation date 2022 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.9.7 /10zForex offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Demo account
- Standard account with balanced trading conditions
- Low minimum deposit
- No Cent account
- Micro lots are not available
zForex account types vs top competitors ZForex Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free YesNoNoVIP NoNoNoManaged NoNoNozForex accounts trading conditions
zForex offers 2 account types. The maximum leverage for both trading accounts is 1:1000. The minimum deposit is $10 for both Standard and ECN accounts.
Account types at zForex:
Account Type Description STD Spreads start from 1 pips. There are no additional trading fees. The execution type is market execution. Swaps are applied; ECN Spreads are from 1 pips. There is a fee of $7 per lot. Orders are executed by market execution. Swaps are applied. zForex makes services available to traders of various categories.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology4.3 /10zForex received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
zForex offers limited payment options and accessibility, which may impact its competitiveness.
- No withdrawal fee
- Low minimum withdrawal requirement
- Bank card deposits and withdrawals
- Minimum deposit below industry average
- PayPal not supported
- Only major base currencies available
- Wise not supported
What are zForex deposit and withdrawal options?
zForex offers a limited selection of deposit and withdrawal methods, including Bank Card, BTC, USDT, Ethereum. This limitation may restrict flexibility for users, making zForex less competitive for those seeking diverse payment options.
zForex Deposit and Withdrawal Methods vs Competitors zForex Trading.com Plus500 Bank Wire NoYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC YesNoNoWhat are zForex base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. zForex supports the following base account currencies: USD.
What are zForex's minimum deposit and withdrawal amounts?
The minimum deposit on zForex is $10, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact zForex’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria5.3 /10zForex offers a limited selection of trading assets compared to the market average. The platform supports 80 assets in total, including 50 Forex pairs.
- Copy trading platform
- 50 supported currency pairs
- Crypto trading
- Bonds not available
- Limited asset selection
Supported markets vs top competitors
We have compared the range of assets and markets supported by zForex with its competitors, making it easier for you to find the perfect fit.
ZForex Trading.com Plus500 Currency pairs 50 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 80 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices NoNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products zForex offers for beginner traders and investors who prefer not to engage in active trading.
ZForex Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading YesNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at zForex by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with zForex in 8 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at zForex is $10. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Quick KYC verification (1 business day or less)
- Low minimum deposit requirement
- Fast registration time (up to 15 minutes)
- Account setup process may feel less convenient for beginners
zForex account opening ZForex Trading.com Plus500 Online Registration YesYesYesMinimum deposit $10 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 8 20 KYC time (days) 1 2 3 Is zForex available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To start using trading instruments and assets, register a user account with zForex. To create a trading account with this brokerage company do the following:
Click the “Create Account” button on the broker's website. Next, the system will offer to create an account. To do this, select the required account and fill complete the registration form.
A message with a confirmation code will be sent to the specified email address. If you do not receive the letter, click the “Login” button on the main page of the website and reset your password.
In the user account, fill in your address, province name, district name, and postcode.
Images of documents must be sent to the email address specified in the user account. Documents such as ID cards, driving licenses, and passports, as well as telephone bills or bank statements are suitable for verification.
Services of zForex user account:
- Instruments for deposits and withdrawals of funds;
- Archive of trading and other transactions carried out for the entire existence of a trading account;
- Tools for customizing the design of the task board;
- Settings of the user account;
- Section where you can view the accounts assigned to your trading account;
- Tools to register as an Introducing Broker.
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Customer Support
Score:We evaluated Customer Support at zForex by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria6.3 /10Customer support at zForex is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. zForex provides basic support functionality but does not stand out in overall service performance.
InformationClient support managers of zForex are available 24/7. Offline support is available only at the central office. But instead, you can use the live chat.
- Immediate contact with the technical support team
- Prompt solving of relevant questions
- Slow responses of the technical support via email
zForex offers the following methods to contact client support managers:
- telephone;
- email;
- feedback form;
- call back;
- live chat.
Traders with any trading account, regardless of the activity on it, can get help from technical support.
Contacts Foundation date 2022 Registration address Sofia, Olimpiyska Str. "SiteGround", Sofra Park, fl.4, No.z, PO Box 1756, Sofia, Bulgaria. Official site https://zforex.com/ Contacts support@zforex.com +269 445 35 40
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FAQs
How secure is trading with zForex in terms of regulation and safety measures?
zForex has a safety score of 3.7/10, which corresponds to a low security level in this review. It is regulated by the Mwali International Services Authority (MISA) in The Comoros, a Tier-3 regulator, and offers negative balance protection and mandatory KYC, but it is not Tier-1 regulated and has a relatively short track record since 2022.
What fees, spreads, and commissions should traders expect at zForex?
According to this review, zForex is assessed as having low overall fees, with a fees score of 8/10 and no deposit, withdrawal, or inactivity fees. On Standard accounts, EUR/USD spreads typically range from 0.1 to 0.4 pips and GBP/USD from 0.2 to 0.6 pips, while RAW/ECN accounts have market-based spreads (e.g., 0.1 pips on EUR/USD) plus a $7 per lot commission.
What account types and trading conditions does zForex provide?
zForex offers Standard, ECN/Raw spread, Demo, and Swap Free accounts, but does not provide Cent, Micro, VIP, or managed accounts. Both live account types have a minimum deposit of $10, maximum leverage of 1:1000, and use market execution, with Standard accounts charging no extra commission and ECN accounts charging $7 per lot on top of spreads from 1 pip.
Which markets and tradable assets are available at zForex, according to reviews of its product range?
The review notes that zForex supports 80 tradable assets in total, including 50 currency pairs, along with stocks, commodity futures, and cryptocurrencies, but does not offer stock indices, options, bonds, ETFs, PAMM, or managed accounts. It also mentions the availability of a copy trading platform, while highlighting that the overall asset selection is limited compared to the market average.
What does user feedback say about opening a trading account with zForex?
The review describes the account opening process at zForex as fully online, with registration taking about 8 minutes and KYC verification typically completed within 1 business day. It highlights a low minimum deposit of $10 and notes that, while the process is generally accessible, some beginners may find the setup steps less convenient.
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