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.
TU Expert Verdict
ZForex carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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ZForex User Reviews
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5-star
25%
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4-star
0%
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3-star
0%
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2-star
0%
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1-star
75%
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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
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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
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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.3.3 /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.
- Low minimum deposit
- Demo account
- Swap Free (Islamic) account
- Micro lots are not available
- No Cent account
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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.
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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.
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Trading Account Opening
We 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.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 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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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 criteria2.3 /10
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FAQs
What trading commissions and non-trading fees does ZForex charge?
The review notes that ZForex has generally low fees, with tight EUR/USD spreads on Standard accounts (around 0.1–0.4 pips) and a $3 per lot commission on ECN/RAW accounts, where average EUR/USD and GBP/USD spreads are 0.1 and 0.15 pips respectively. Non-trading fees are described as favorable, with no deposit, withdrawal, or inactivity fees specified for ZForex in the section.
What types of trading accounts does ZForex offer and what are their key conditions?
According to the review, ZForex provides Demo, Standard, ECN/Raw spread, and Swap Free (Islamic) accounts, but does not offer Cent, Micro, VIP, or managed accounts. Both Standard and ECN accounts have a $10 minimum deposit and maximum leverage of 1:1000, with spreads from 1 pip, no extra commission on Standard, and a $3 per lot fee on ECN accounts.
What do user reviews say about ZForex overall?
Based on available user reviews, ZForex has a user satisfaction score of 4/10 from 4 reviews, with 25% being 5-star and 75% being 1-star ratings. The overall tone of the feedback in this section is mostly negative.
How does the ZForex trading account opening process work and how fast is it?
The review states that opening an account with ZForex is fully online, took 8 minutes for registration, and KYC verification was completed within 1 business day, with a minimum deposit of $10. The process involves creating an account on the website, confirming via email, providing address details, and sending identification and proof-of-address documents, though it also notes that the setup may feel less convenient for beginners.
What feedback is available on ZForex customer support and contact methods?
The customer support section describes ZForex support reliability as low, noting that responses can be slow or incomplete, particularly via email, although immediate contact and prompt resolution are listed as advantages in some cases. Support is available 24/7 through telephone, email, feedback form, call back, and live chat, with offline support only at the central office.
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