ZFX Broker Review 2026

Top Brokers Overview — United States
How we tested ZFX

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.

ZFX Pros & Cons

  • Execution of trades without going through a dealing center and liquidity from major financial institutions.
  • Regulation by the FCA (UK) and the FSA (Seychelles).
  • Mini Trading Account with a minimum deal size of 0.1 lot and deposit from $50.
  • A humongous array of accounts for retail and professional clients.
  • Tighter spreads (from 0.2 pips) on ECN accounts.
  • Ability to trade over 100 assets, including Forex, stock indices, commodities (precious metals and crude oil), and stocks.
  • High leverage (up to 1:500) on standard and ECN accounts.
  • Lack of a web-based trading platform.
  • Hefty $1,000 deposit for retail traders on ECN accounts.
  • The maximum number of open positions in Standard and ECN accounts is limited and cannot exceed 200.

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 (768451) and Seychelles supervisory authority FSA (SD027). 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.

TU Expert Verdict

Editor at Cryptocurrency & Blockchain Department

ZFX demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.

ZFX offers Forex, stock, index, and commodity CFDs through MetaTrader 4, with Mini, Standard, ECN, and Professional accounts. The broker is regulated by the UK's FCA and the Seychelles FSA, and offers negative balance protection. Mini accounts start at $50, while ECN spreads start at 0.2 pips with a $2 per lot commission.

Notable drawbacks include no web platform, a $1,000 retail minimum for ECN accounts, a 200-position cap on Standard and ECN accounts, and a 100-asset selection without cryptocurrencies. Support responses can be slow, and retail accounts are serviced by the Seychelles entity. ZFX may suit traders who value FCA regulation and tight ECN spreads, but may be less suitable for those seeking broad market coverage, lower ECN entry costs, or responsive support.

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ZFX User Reviews

Score:
The administration of the website shall not be liable for the accuracy of the reviews and does not have the technical ability to check the reviews for accuracy, as well as establish whether the authors of the reviews are indeed the customers of a specific company. To learn more about how the User Satisfaction score is calculated and how we apply the Customer Satisfaction Score (CSAT) methodology, please read the assessment criteria.
4.6 /10
57 total
  • 5-star
    4%
  • 4-star
    12%
  • 3-star
    21%
  • 2-star
    35%
  • 1-star
    28%
mdbgumexear
1 year ago

What I like about ZFX Broker is that transactions are carried out without intermediaries in the form of a trading center, and that liquidity comes directly from major financial institutions. This guarantees rapid order execution and fairer market prices, which is particularly important for active traders. This approach makes trading more transparent and efficient, but the absence of an online trading platform is a little disappointing. A web terminal is a handy tool that lets you quickly enter the market from any device without having to install any software. Here, however, you only have to work with installed software, which isn't always practical. Overall, if speed of execution and quality of liquidity are more important to you, ZFX Broker is a good option, but the lack of a web-based platform is worth considering.

Ce que j'apprécie chez ZFX Broker, c'est que les transactions s'effectuent sans intermédiaire sous la forme d'un centre de trading, et que les liquidités proviennent directement des principales institutions financières. Cela garantit une exécution rapide des ordres et des prix de marché plus équitables, ce qui est particulièrement important pour les traders actifs. Cette approche rend la négociation plus transparente et plus efficace.
Toutefois, l'absence de plateforme de négociation en ligne est un peu décevante. Un terminal web est un outil pratique qui vous permet d'entrer rapidement sur le marché à partir de n'importe quel appareil sans avoir à installer de logiciel. Ici, cependant, vous ne devez travailler qu'avec un logiciel installé, ce qui n'est pas toujours pratique. Dans l'ensemble, si la vitesse d'exécution et la qualité de la liquidité sont plus importantes pour vous, ZFX Broker est une bonne option, mais l'absence d'une plateforme web mérite d'être prise en compte.

oduolmichaels
1 year ago

The ZFX brokerage inspires confidence thanks to its regulation by the FCA (UK) and the FSA (Seychelles). These are serious regulators who monitor compliance with security and transparency standards, which reinforces confidence in the broker. Trading with such a company is more serene, knowing that the activity is controlled at a high level. However, the $1,000 minimum deposit is a major obstacle for retail traders on ECN accounts. Not everyone is ready to start with such an amount, especially if it's just a matter of testing the platform or trying out new strategies. If the starting threshold were lower, ZFX Broker would be more accessible to a larger number of traders. Otherwise, the broker seems decent, especially for those looking for a regulated and reliable platform.

Le courtier ZFX inspire confiance grâce à sa régulation par la FCA (Royaume-Uni) et la FSA (Seychelles). Il s'agit de régulateurs sérieux qui contrôlent le respect des normes de sécurité et de transparence, ce qui renforce la confiance dans le courtier. Le trading avec une telle société est plus serein, sachant que l'activité est contrôlée à un haut niveau.
Cependant, le dépôt minimum de 1000 $ est un obstacle important pour les traders particuliers sur les comptes ECN. Tout le monde n'est pas prêt à commencer avec un tel montant, surtout s'il s'agit seulement de tester la plateforme ou d'essayer de nouvelles stratégies. Si le seuil de départ était plus bas, ZFX Broker serait plus accessible à un plus grand nombre de traders. Sinon, le courtier semble décent, surtout pour ceux qui recherchent une plateforme régulée et fiable.

marionette99
1 year ago

I chose a mini trading account with broker ZFX because it's perfect for a comfortable start. The minimum trade size of 0.1 lots and the deposit starting at $50 allow you to test the strategy without taking any major risks. It's a good option for those who don't want to invest large sums at once, but still want to work in the real market. However, there is one drawback - on Standard and ECN accounts, the maximum number of open positions is limited to 200 orders. This may be enough for most traders, but those using high-frequency strategies or actively hedging their trades may find this limitation troublesome. Otherwise, if you ignore this point, ZFX offers decent trading conditions.

J'ai choisi un mini compte de trading avec le courtier ZFX car il est parfait pour un démarrage confortable. La taille minimale des transactions de 0,1 lot et le dépôt à partir de 50 $ vous permettent de tester la stratégie sans prendre de risques importants. C'est une bonne option pour ceux qui ne veulent pas investir de grosses sommes en une seule fois, mais qui souhaitent tout de même travailler sur le marché réel.
Cependant, il y a un inconvénient - sur les comptes Standard et ECN, le nombre maximum de positions ouvertes est limité à 200 ordres. Cela peut suffire à la plupart des traders, mais ceux qui utilisent des stratégies à haute fréquence ou qui couvrent activement leurs transactions peuvent trouver cette limitation gênante. Sinon, si vous ne tenez pas compte de ce point, ZFX offre des conditions de trading décentes.

  • 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 criteria
    9 /10

    The trading and non-trading commissions of ZFX have been analyzed and rated as having Low fees, with a fees score of 9/10. 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 ZFX 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, ZFX’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.

    ZFX Standard spreads
    ZFX OANDA FOREX.com
    EUR/USD min, pips 0.8 0.1 0.7
    EUR/USD max, pips 1.5 0.5 1.2
    GPB/USD min, pips 0.9 0.1 0.9
    GPB/USD max, pips 1.6 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.

    ZFX RAW/ECN spreads
    ZFX 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). 2 3.5 5
    EUR/USD avg spread 0.2 0.15 0.2
    GBP/USD avg spread 0.2 0.2 0.4

    Non-Trading Fees

    We conducted a detailed analysis of the non-trading fees associated with ZFX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

    ZFX Non-Trading Fees
    ZFX 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 ZFX 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 criteria
    8.7 /10

    ZFX has a safety score of 8.7/10, which corresponds to a High 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.

    • Tier-1 regulated
    • Negative balance protection
    • Regulated in the UK
    • Track record of less than 8 years
    ZFX Regulators and Investor Protection
    FCA UKFCA UK Full Name Financial Conduct Authority Country of regulation United Kingdom Investor Protection Fund Up to £85,000 Regulation Level Tier-1
    FSA (Seychelles)FSA (Seychelles) Full Name Financial Services Authority of Seychelles Country of regulation Seychelles Investor Protection Fund No specific fund Regulation Level Tier-3
    ZFX Security Factors
    Foundation date 2019
    Negative balance protection
    Yes
    Verification (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.
    7 /10

    ZFX offers the following account options: Demo, Standard, ECN/Raw spread, Cent, Managed.

    ZFX covers the core account types, making it convenient for traders with different preferences and strategies.

    • Demo account
    • Low minimum deposit
    • Standard account with balanced trading conditions
    • No VIP account option
    • No Swap Free account
    ZFX account types vs top competitors
    ZFX Broker Plus500 OANDA
    Standard
    Yes
    Yes
    Yes
    ECN/Raw spread
    Yes
    No
    Yes
    Demo
    Yes
    Yes
    Yes
    Cent
    Yes
    No
    No
    Micro
    No
    No
    Yes
    Swap Free
    No
    No
    Yes
    VIP
    No
    No
    No
    Managed
    Yes
    No
    No

    ZFX accounts trading conditions

    This broker offers four types of accounts that differ in deposit size, maximum leverage, and spread. To trade on any of the accounts, the MetaTrader 4 terminal integrated with ZFX is used. Mini, Standard, and ECN accounts can be opened at the division regulated by the Financial Services Authority of Seychelles. Professional Accounts are handled by the UK branch, which operates under the supervision of the FCA.

    Account types:

    Account Type Description
    Mini Trading Account This is for novice traders. To open it you need to deposit not less than 50 USD. The trading leverage is 1:2,000. The excessive leverage allows a client with a small deposit to open a few positions with a big lot at the same time. The stop-out level is 20% and spreads are from 1.5 points.
    Standard STP Trading Account This is the most popular account and is suitable for more experienced clients. Maximum leverage is 1:500, spreads start from 1.3 pips, and stop-outs are 30%. The minimum deposit is 200 USD.
    ECN Trading Account This account uses an electronic communications network for trading and access to the Forex market is carried out without the participation of the broker. On this account, the spread starts from 0.2 pips, but additional commissions may be charged for the lot size. A requirement for the deposit is 1,000 USD. The stop-out level is 50%.
    Professional Account An ECN account for professional trading requires a minimum deposit of 10,000 USD. Spreads are floating and start from 0.2 pip. Leverage is up to 1:100 when trading currency pairs.

    Demo Accounts are available on both desktop and mobile terminals.

    ZFX is a broker that offers services to different types of clients. At the same time, accounts for retail traders are serviced by the division with offshore registration. Only the products regulated by the FCA division are available to professional clients.

  • 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 methodology
    6 /10

    ZFX received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

    ZFX provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

    • Minimum deposit below industry average
    • Bank card deposits and withdrawals
    • USDT (Tether) supported
    • Bitcoin (BTC) accepted
    • Wise not supported
    • Limited deposit and withdrawal flexibility, leading to higher costs
    • BTC not available as a base account currency

    What are ZFX deposit and withdrawal options?

    ZFX provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT.

    ZFX Deposit and Withdrawal Methods vs Competitors
    ZFX Plus500 OANDA
    Bank Wire
    Yes
    Yes
    Yes
    Bank card
    Yes
    Yes
    Yes
    PayPal
    No
    Yes
    Yes
    Wise
    No
    No
    No
    BTC
    Yes
    No
    Yes

    What are ZFX base account currencies?

    A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. ZFX supports the following base account currencies: USD.

    What are ZFX's minimum deposit and withdrawal amounts?

    The minimum deposit on ZFX is $50, 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 ZFX’s support team.

  • 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 criteria
    5.5 /10

    ZFX offers a limited selection of trading assets compared to the market average. The platform supports 100 assets in total, including 40 Forex pairs.

    • 40 supported currency pairs
    • Indices trading
    • Copy trading platform
    • Bonds not available
    • Crypto trading not available

    Supported markets vs top competitors

    We have compared the range of assets and markets supported by ZFX with its competitors, making it easier for you to find the perfect fit.

    ZFX Broker Plus500 OANDA
    Currency pairs 40 60 68
    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. 100 2800 129
    Stocks
    Yes
    Yes
    Yes
    Commodity futures
    Yes
    Yes
    Yes
    Crypto 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.
    No
    Yes
    Yes
    Stock indices
    Yes
    Yes
    Yes
    Options
    No
    Yes
    No

    Investment options

    We also explored the trading assets and products ZFX offers for beginner traders and investors who prefer not to engage in active trading.

    ZFX Broker Plus500 OANDA
    Bonds
    No
    No
    Yes
    ETFs
    No
    Yes
    No
    Copy trading
    Yes
    No
    Yes
    PAMM investing
    Yes
    No
    No
    Managed accounts
    Yes
    No
    No
  • Trading Account Opening

    Score:
    We evaluated Trading Account Opening at ZFX 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.
    8 /10

    We successfully registered an account with ZFX in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at ZFX is $50. This is one of the most accessible and hassle-free onboarding procedures on the market.

    • Fully online account opening process
    • Low minimum deposit requirement
    • Registration process may take longer than expected
    • Account approval may require extra time depending on the documentation.
    ZFX account opening
    ZFX Broker Plus500 OANDA
    Online Registration
    Yes
    Yes
    Yes
    Minimum deposit $50 $100 $0
    Mandatory KYC
    Yes
    Yes
    Yes
    Registration time (min) 20 10
    KYC time (days) 2 3 3

    Is ZFX 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

    There are several steps to register as a ZFX customer. Follow the instructions below: 

    • Visit the official ZFX website and at the top of any of its pages, click the “Open an account” button.

    • In the registration form that opens, enter your personal information, email address, phone code of your country of residence, and mobile number. Next, devise a strong password.

    • Then go to your personal account and click MyZFX and provide your email address and password.

    • The following functions are available to the owner of a ZFX personal account:

      • Account opening.
      • Depositing and withdrawing funds.

    These functions are all possible from the trader’s personal account:

    • Fund management such as payment operations and account management.
    • Trading such as balance inquiry, equity, and placing leverage on open accounts.
    • Request a different leverage level, and access to open live, and demo accounts.
    • Referred client data such as information on the number of attracted clients, their trading volumes, the amount of available and previously withdrawn bonuses.
    • Reports such as the history of all deposits and withdrawals, open and closed orders for a selected period, and changes in leverage.
    • Personal Information — edit personal data, details of your verification.
  • Customer Support

    Score:
    We evaluated Customer Support at ZFX 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 criteria
    4.2 /10

    The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.

    In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.

    Information

    The UK branch answers questions from Monday to Friday from 09:00 to 18:00 (UK time). Retail traders serviced by the Seychelles office have 24-hour support available any day of the week.

    • Retail traders are serviced 24/7
    • Online chat is available in 8 languages
    • Only professional clients can contact the broker by phone
    • Call-back orders are not possible

    The list of available channels of communication with broker representatives depends on the client's status and the selected unit. They are:

    • professional clients can use phone and email to contact them;
    • retail traders can use online chat, request by email directly or through the ready-made contact form in the Contact us section.

    Company representatives answer unregistered users' questions via chat, phone, email, as well as via the messenger services of Facebook, Instagram, Twitter, or LinkedIn.

    Contacts
    Foundation date 2019
    Registration address 4 Lombard Street, London, EC3V 9HD
    Regulation FCA, FSA
    Official site https://www.zfx.co.uk/
    Contacts support@zfx.co.uk

Best ZFX Alternatives

Plus500
Logo Plus500
Plus500
7.7 /10
Regulation Tier-1
EUR/USD 0.5 pips
OANDA
Logo OANDA
OANDA
7.2 /10
Regulation Tier-1
EUR/USD 0.1 pips
Trading.com USA
Logo Trading.com USA
Trading.com USA
6 /10
Regulation Tier-1
EUR/USD 0.9 pips
FOREX.com
Logo FOREX.com
FOREX.com
7.1 /10
Regulation Tier-1
EUR/USD 0.7 pips
IG Markets
Logo IG Markets
IG Markets
7 /10
Regulation Tier-1
EUR/USD 0.6 pips

FAQs

How do experts assess ZFX’s regulation and overall safety level?

ZFX has a safety score of 8.7/10, which corresponds to a high security level in the reviewed methodology. It is regulated by the FCA in the UK (Tier-1, with an investor protection fund up to £85,000) and by the FSA in Seychelles (Tier-3, with no specific investor protection fund), and it offers negative balance protection and KYC verification. The broker’s track record is under 8 years, as it was founded in 2019, which is noted as a relative disadvantage compared with longer-established firms.

What do reviews say about ZFX trading commissions and non-trading fees?

The review rates ZFX’s overall fee level as low, giving it a fees score of 9/10. Standard account spreads on EUR/USD typically range from 0.8 to 1.5 pips and on GBP/USD from 0.9 to 1.6 pips, while RAW/ECN accounts have an average 0.2-pip spread on both pairs plus a $2 per-lot commission. Non-trading fees are described as minimal, with no deposit, withdrawal, or inactivity fees specified for ZFX in the section.

What do user reviews and feedback indicate about overall satisfaction with ZFX?

The user satisfaction score for ZFX is 4.6/10 based on 57 reviews, with the majority of ratings being 2-star and 1-star. Only a small share of users left 4-star or 5-star ratings, so the overall tone of the feedback is mostly negative. According to user reviews, this distribution suggests that many clients report dissatisfaction in their experiences.

How are ZFX deposit and withdrawal methods and limits described in the review?

The review states that ZFX offers a basic but sufficient range of funding methods, including bank cards, bank wire, Skrill, Neteller, BTC, and USDT, with no withdrawal fee and a low minimum withdrawal requirement. The only base account currency mentioned is USD, and some options like Wise and BTC as a base currency are not available. The minimum deposit is reported as $50 and the minimum withdrawal as $10, though the review notes these may vary by account type and payment method.

What do reviews say about ZFX customer support availability and communication channels?

The review gives ZFX customer support a safety score of 4.2/10, noting delays in responses and limited depth of assistance, which may inconvenience traders who rely heavily on support. Retail traders are said to have 24/7 service via the Seychelles office and can use online chat, email, and a contact form, while only professional clients can contact the broker by phone. Company representatives also respond to unregistered users via chat, phone, email, and social media messengers, but call-back requests are not available.

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