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Pros

Claims to offer a variety of trading instruments, including forex, stocks, commodities, and cryptocurrencies.
Advertises low spreads and leverage options, which may attract traders looking for competitive trading conditions.
Uses the popular MetaTrader 4 platform, which is familiar to many traders and offers a range of trading tools.

Cons

Not regulated by any reputable financial authority, posing a significant risk to traders' funds.
Has been identified as a clone website and blacklisted as a scam by financial authorities, particularly in Japan.
Lacks transparency regarding minimum deposit requirements and withdrawal processes, raising concerns about the safety of funds.

ZAIX broker Accounts

ZAIX Account Type

ZAIX offers two types of accounts for traders: Demo Accounts and General Accounts.

  • Demo Account:
    • A free account that allows users to practice trading without using real money.
    • Ideal for beginners to learn about the platform and test different trading strategies in a risk-free environment.
    • Provides virtual funds to simulate real trading scenarios.
    • General Account:
      • A live trading account that allows users to trade with real money.
      • Users can access a wide range of financial products and services, including foreign exchange, commodity markets, stock indices, and cryptocurrencies.
      • General account holders can deposit and withdraw funds, engage in live trading, and utilize various trading tools and features provided by ZAIX.

      ZAIX Broker Account Opening Process

      To open a General Account with ZAIX, follow these steps:

      • Email Address Registration:
        • Register your email address, which can be a free address like Gmail or Yahoo.
        • Click on “Start with ZAIX Exchange” to receive a registration information notification email from ZAIX.
        • Login Information:
          • Use the login information provided in the registration email to log in to your General Account.
          • You can change the initial password after opening the account.
          • Enter Customer Information:
            • Upon logging in, you will be prompted to enter customer information.
            • Provide the requested identity verification ID (e.g., driver‘s license number, personal number card).
            • Submit Identity Verification Documents:
              • Submit acceptable personal identification documents (passport, driver’s license, etc.) and address certificates (utility bills, etc.) to complete the account opening process.
              • Completion of Registration Request:
                • After submitting the required documents, your registration request will be completed.
                • You will receive an email confirming that your request to open an account has been received.
                • Account approval may take a couple of days as personal information will be verified.

                For any further inquiries or support regarding opening an account, you can contact ZAIX Exchange customer support, which is available 24/7.

ZAIX accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
ZAIX Account