ZCS broker Accounts

zcs Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

zcs Account Types Explained

ZCS (Zimbra Collaboration Suite) offers various account types tailored to different user needs. Below is a detailed overview of the available account types, including their features, minimum deposit requirements, and target user profiles.

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Basic trading tools, access to major currency pairs, and educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads from 0.1 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, faster execution, and no requotes.
• Target User Profile: Intermediate to advanced traders.
• Trading Instruments Available: Forex, indices, commodities.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; lower commission rates.
• Leverage Options: Up to 1:100.
• Key Features: Advanced trading tools, priority customer support, and research resources.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts; no swap fees.
• Leverage Options: Up to 1:200.
• Key Features: Complies with Sharia law; no interest charges.
• Target User Profile: Muslim traders seeking compliance with Islamic finance principles.
• Trading Instruments Available: Forex, commodities.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Similar to Standard account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free environment to practice trading, access to all trading tools.
• Target User Profile: Beginners and traders wanting to test strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account.
• Intermediate Traders: ECN Account.
• Advanced Traders: Pro Account.
• Muslim Traders: Islamic Account.

Detailed zcs Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• Ideal for beginners.

• Access to educational resources.

• ECN Account:

• Tight spreads and fast execution.

• Direct market access.

• Suitable for scalping strategies.

• Pro Account:

• Advanced trading tools and resources.

• Lower commission rates for high-volume traders.

• Priority support.

• Islamic Account:

• Complies with Islamic finance principles.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Practice strategies without financial risk.

• Access to all trading tools.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees can add up for frequent traders.

• Pro Account:

• Requires a larger initial investment.

• May not be suitable for casual traders.

• Islamic Account:

• Limited availability for non-Muslim traders.

• May have restrictions on certain trading strategies.

• Demo Account:

• Virtual funds may not reflect real market conditions.

• Limited duration for practice.

zcs Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years.
• Geographic Restrictions: Available in most countries; check specific restrictions.
• Prohibited Countries: Countries under international sanctions may be restricted.
• Identity Verification Documents Needed:
• Government-issued ID (passport, national ID).
• Proof of address (utility bill, bank statement).
• Proof of Residence Requirements: Recent documents showing current address.
• Additional Documentation for Professional Accounts: Financial statements, proof of trading experience.

KYC/AML Compliance Procedures

• All users must complete Know Your Customer (KYC) verification to comply with Anti-Money Laundering (AML) regulations.
• This includes submitting identification and proof of residence documents.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

Step-by-Step zcs Account Opening Guide

Registration Process

1. Visit Website: Navigate to the ZCS official website.
2. Click Registration: Locate and click on the "Register" or "Open Account" button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type from the options available.
5. Set Trading Preferences: Indicate trading preferences, including leverage and trading instruments.
6. Document Upload: Upload required verification documents.
7. Account Verification: Wait for the account to be verified by the ZCS team.
8. Fund Your Account: Deposit funds into your account using the preferred payment method.
9. Start Trading: Once funded, access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with minor interface differences.
• Mobile users may need to download the trading app to complete the registration.

Common Registration Issues and Solutions

• Issue: Document upload failures.

• Solution: Ensure documents are clear and in the correct format (PDF, JPEG).

• Issue: Delays in verification.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Most accounts are approved within 1-3 business days, depending on the completeness of submitted documents.

How to Upgrade/Downgrade Account Types

• Log into your account and navigate to the account settings.
• Select the option to upgrade or downgrade your account type and follow the prompts.

zcs Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to all trading tools and features available in live accounts.
• Ideal for beginners to familiarize themselves with the trading platform.

How to Open a Demo Account

• Visit the ZCS website and select the demo account option.
• Fill in the required information and create an account.
• Start trading with virtual funds.

Demo Account Limitations

• Limited duration (typically 30-90 days).
• Virtual funds may not accurately reflect real market conditions.

Virtual Balance Amount

• Demo accounts usually come with a virtual balance of $10,000 or more.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Trading conditions may differ slightly between demo and live environments.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after a set period, usually 30-90 days, but can be extended upon request.

zcs Islamic Account Details

Swap-Free/Islamic Account Availability

• ZCS offers Islamic accounts that comply with Sharia law, meaning no swap fees are charged on overnight positions.

Eligibility Requirements

• Must be a practicing Muslim to qualify for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur interest charges, making them suitable for Muslim traders.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading restrictions, such as the prohibition of certain instruments.

FAQs – zcs Account Types & Opening

1. What account types does zcs offer？

• ZCS offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $500, Demo: Virtual funds.

1. How long does zcs account verification take？

• Verification typically takes 1-3 business days.

1. Does zcs offer demo accounts？

• Yes, ZCS offers demo accounts for practice trading.

1. Can I have multiple account types with zcs？

• Yes, users can hold multiple account types.

1. Does zcs offer Islamic/swap-free accounts？

• Yes, ZCS provides Islamic accounts that comply with Sharia law.

1. What documents do I need to open a zcs account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, account types can be upgraded or downgraded through account settings.