ZFX Malaysia Review 2026 - TU expert opinion
Is the Forex market legit in Malaysia?
Forex trading is legal in Malaysia. Anybody can be a trader. However, there are certain rules in the country that everybody has to follow. Traders in Malaysia can trade only with brokers that are regulated by the local authority. Bank NEGARA is the country’s financial regulator. The bank is responsible for issuing licenses and overseeing that companies fulfill their obligations to traders.
Malaysia is mostly a Muslim country. Therefore, availability of an Islamic account is one of the important requirements to brokers operating in this country. It is a swap-free account that complies with the Sharia Law. In this jurisdiction, traders can freely work with various trading instruments, including currency pairs, precious metals, energies. CFD trading is not allowed.
How to Trade Forex in Malaysia
In order to start trading in the Forex market in Malaysia, you need to register with a broker. The registration form differs depending on the broker. Verification is mandatory for traders from Malaysia – proof of identity and proof of address. After that you need to fund your account. Licensed brokers in Malaysia must accept the ringgit, the local currency. After that, traders can start trading.
Our Evaluation of ZFX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
ZFX is a reliable broker with the TU Overall Score of 7.19 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by ZFX clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company.
The ZFX broker offers tight spreads only to owners of ECN accounts. However, the minimum deposit size is $1,000 on accounts of this type. For this reason, beginners and investors without a capital reserve have to trade from standard accounts with high spreads, which does not make ZFX the best choice for beginner traders.
Detailed Review of ZFX in Malaysia
ZFX is a good choice for traders from Malaysia. The broker complies with all the requirements of the local regulator and offers attractive trading conditions for the clients.
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 ZFX broker by the numbers:
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Has provided online FX and CFD trading services for over 5 years.
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Has 8 offices worldwide.
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Offers more than 100 financial instruments for trading.
Advantages of ZFX for trading in Malaysia
Traders Union analysts conducted a detailed analysis of ZFX for traders from Malaysia. The experts outlined the key benefits of the company for the clients from this country. The advantages of the broker are as follows:
Low margin rates for hedged positions.
Broker does not charge fees for deposits or withdrawals.
Only on its Mini Account and Standard STP Account are commissions charged against the spreads.
Retail traders can trade with leverage up to 1:2,000.
The company provides a powerful trading platform that processes an average of 50,000 orders per second.
The minimum deposit to start trading is $50.
All ZFX accounts are traded at the best bid and ask prices obtained from institutional liquidity providers.
Analysis of the Main Features of ZFX in Malaysia
Traders Union analysts analyzed the key features of ZFX for traders from Malaysia. TU uses its own evaluation method, assessing each block separately. Based on the results of the assessment, an overall score is given.
Trading conditions for ZFX traders from Malaysia
It is important to assess trading conditions before you decide to work with a specific company. Traders Union analysts have prepared a comparison of ZFX trading conditions for traders from Malaysia. The experts analyzed minimum deposit, trading platforms, leverage and other important information that could impact a trader's choice of a broker.
| 💻 Trading platform: |
Zeal MT4 Desktop, Zeal MT4 Mobile (iOS and Android)
|
|---|---|
| 📊 Accounts: |
Demo, Mini Trading Account, Standard STP Trading Account, ECN Trading Account, and Professional Account
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| 💰 Account currency: |
USD
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| 💵 Deposit / Withdrawal: |
Credit and debit cards, bank transfer, electronic payment systems such as Neteller, Perfect Money, and Skrill
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| 🚀 Minimum deposit: |
From $50 for retail clients, from $10,000 for professional clients
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| ⚖️ Leverage: |
Up to 1:100 for professional clients, up to 1:2000 for retail traders
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| 💼 Copy Trading: |
Yes
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| 📈️ Min Order: |
0.01
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| 💱 Spread: |
From 0.2 pips
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| 🔧 Instruments: |
Currency pairs, CFDs on stocks, indices, commodities (oil, gold, silver, copper)
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| 💹 Margin Call / Stop Out: |
Stop out: 20%/30%/50%
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| 🏛 Liquidity provider: |
Not indicated
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| 📱 Mobile trading: |
Yes
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| ➕ Affiliate program: |
Yes
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| 📋 Order execution: |
Market, buy limit, buy stop, sell limit, sell stop, trailing stop
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| ⭐ Trading features: |
ECN accounts for currency pairs may incur additional commissions per trade
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| 🎁 Contests and bonuses: |
Yes
|
ZFX Commissions and Fees
Traders Union analysts analyzed commissions and fees charged by ZFX for traders from Malaysia. Within the framework of the analysis, all types of trading and non-trading fees traders are charged with were evaluated.
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.
| Account type | Spread (minimum value) | Withdrawal commission |
| Mini Trading Account | From $15 | No |
| Standard STP Trading Account | From $13 | No |
| ECN Trading Account | From $2 | No |
| Professional Account | From $2 | No |
There are swaps commissions (fees for transferring a position to the next day).
Below is a comparative table that shows the average commission for trading ZFX, RoboForex, and FxPro, and also the level of charges of each broker compared to its competitors.
FAQs
Is ZFX legal in Malaysia?
Yes. ZFX operates legally in Malaysia. The broker holds the necessary licenses.
Can you learn trading with ZFX? Does the broker offer courses for traders from Malaysia?
Yes, ZFX offers good trading courses and a lot of educational information for clients from Malaysia.
Can ZFX be trusted? Has the broker been operating in Malaysia long?
ZFX has been operating in Malaysia quite long and has a good reputation. Therefore, traders can work with ZFX.
Is ZFX suitable for novice traders from Malaysia?
Yes. ZFX offers optimal trading conditions and good education for beginners from Malaysia.
How efficient is ZFX customer support in Malaysia?
ZFX offers a sufficient number of ways to contact customer support in Malaysia, and also provides support in the state language.
Has ZFX had any incidents involving theft of funds of clients from Malaysia?
No. ZFX provides reliable security of funds of clients from Malaysia.
Will I be able to file a lawsuit in Malaysia if ZFX violates my rights?
Yes. If ZFX violates your rights, you can file a complaint with the regulator of Malaysia, and then with a court.
Can ZFX clients from Malaysia use the broker’s mobile app?
Yes. The mobile app of ZFX is available for the clients from Malaysia.
Does ZFX provide Malaysia market analysis?
Analysis of Malaysia is featured in the information provided by ZFX.
How can I withdraw funds from my account at ZFX in Malaysia?
ZFX supports bank transfers and debit/credit cards of the banks operating in Malaysia.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
