ZES Forex broker Accounts

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

zes forex Account Types Explained

Zes Forex offers a variety of account types tailored to meet the diverse needs of traders. Below is a detailed overview of each account type:

1. Standard Account

• Minimum Deposit: $10
• Spread/Commission Structure: Commission-free trading with spreads starting from 1.2 pips.
• Leverage Options: Up to 1:1000.
• Key Features: Flexible trade sizes, ideal for beginners and casual traders.
• Target User Profile: Beginner to intermediate traders.
• Trading Instruments Available: Forex pairs, commodities, indices.

2. ECN Account

• Minimum Deposit: $10
• Spread/Commission Structure: Spreads as low as 0 pips with a commission of $7 for Forex and $15 for metals.
• Leverage Options: Up to 1:1000.
• Key Features: Direct market access, ideal for high-frequency trading.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex pairs, commodities, indices, metals.

3. Swap-Free Account (Islamic Account)

• Minimum Deposit: $2,500
• Spread/Commission Structure: Spreads starting from 0.7 pips with a commission of $10 for Forex and $15 for metals.
• Leverage Options: Up to 1:500.
• Key Features: Designed for traders who adhere to Islamic finance principles, no overnight swap fees.
• Target User Profile: Muslim traders seeking compliance with Sharia law.
• Trading Instruments Available: Forex pairs, commodities, indices, metals.

4. Demo Account

• Minimum Deposit: Virtual funds (not applicable).
• Spread/Commission Structure: Similar to the Standard Account.
• Leverage Options: Up to 1:1000.
• Key Features: Allows traders to practice without financial risk.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Detailed zes forex Account Features

Minimum Deposit

• Standard Account: $10
• ECN Account: $10
• Swap-Free Account: $2,500
• Demo Account: Not applicable

Maximum Leverage

• Standard Account: 1:1000
• ECN Account: 1:1000
• Swap-Free Account: 1:500
• Demo Account: 1:1000

Spreads (Typical/Minimum)

• Standard Account: 1.2 pips
• ECN Account: As low as 0 pips
• Swap-Free Account: 0.7 pips
• Demo Account: Similar to Standard Account

Commission Fees

• Standard Account: $0
• ECN Account: $7 Forex, $15 Metals
• Swap-Free Account: $10 Forex, $15 Metals
• Demo Account: N/A

Lot Size

• Standard Account: Minimum trade size of 0.01 lots.
• ECN Account: Minimum trade size of 0.01 lots.
• Swap-Free Account: Minimum trade size of 0.01 lots.
• Demo Account: Minimum trade size of 0.01 lots.

Available Trading Platforms

• Standard Account: MT4, MT5
• ECN Account: MT4, MT5
• Swap-Free Account: MT4, MT5
• Demo Account: MT4, MT5

Execution Type

• Standard Account: Market execution.
• ECN Account: ECN execution.
• Swap-Free Account: Market execution.
• Demo Account: Market execution.

Islamic Account Availability

• Standard Account: No
• ECN Account: No
• Swap-Free Account: Yes
• Demo Account: No

Swap-Free Options

• Standard Account: No
• ECN Account: No
• Swap-Free Account: Yes
• Demo Account: N/A

Advantages of Each Account Type

• Standard Account:
• Low minimum deposit.
• No commissions.
• Suitable for beginners.
• ECN Account:
• Tight spreads.
• Direct market access.
• Ideal for scalping.
• Swap-Free Account:
• Compliant with Islamic finance.
• No overnight fees.
• Suitable for Muslim traders.
• Demo Account:
• Risk-free trading environment.
• Practice strategies without financial risk.
• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads compared to ECN.
• Limited to commission-free trading.
• ECN Account:
• Requires higher trading volume to be cost-effective.
• Commission fees can add up.
• Swap-Free Account:
• Higher minimum deposit requirement.
• Limited leverage compared to other accounts.
• Demo Account:
• No real money involved.
• Limited to practice only.

zes forex Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Availability may vary by country; check the website for specific restrictions.
• Prohibited Countries: Specific countries may be restricted; refer to the broker's terms for details.

Identity Verification Documents Needed

• Government-issued ID (passport or national ID).
• Proof of residence (utility bill or bank statement).

Proof of Residence Requirements

• Recent utility bill or bank statement showing the trader's name and address.

Additional Documentation for Professional Accounts

• May include financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• Traders must complete identity verification (KYC) and comply with Anti-Money Laundering (AML) regulations.

Verification Time Frames

• Typically, account verification can take anywhere from a few hours to a couple of days, depending on the completeness of the submitted documents.

zes forex Account Opening Process

Step-by-Step zes forex Account Opening Guide

1. Visit Website: Go to the Zes Forex website.
2. Click Registration: Find and click the "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 (Standard, ECN, Swap-Free, or Demo).
5. Set Trading Preferences: Indicate trading preferences and settings.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for the broker to verify the submitted documents.
8. Fund Your Account: Deposit funds into your trading account.
9. Start Trading: Begin trading once your account is funded.

Desktop vs Mobile Registration Differences

• The registration process is generally similar on both desktop and mobile platforms, with minor differences in layout and navigation.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Account approval typically takes a few hours to a couple of days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• Traders can contact customer support to request an upgrade or downgrade of their account type.

zes forex Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to all trading instruments available in live accounts.

How to Open a Demo Account

• Follow the same registration process as for live accounts, selecting the demo option.

Demo Account Limitations

• Limited to virtual funds; cannot withdraw profits.
• May have a time limit for usage.

Virtual Balance Amount

• Typically, demo accounts are funded with a virtual balance of $10,000 or more.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Trading conditions may differ slightly in terms of execution speed and slippage.

Duration/Expiry of Demo Accounts

• Demo accounts may expire after a set period, often 30 days, but this can vary by broker.

zes forex Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, Zes Forex offers a Swap-Free account option for Muslim traders.

Eligibility Requirements

• Must adhere to Islamic finance principles.

Differences from Standard Accounts

• No overnight swap fees.
• Higher minimum deposit requirement.

How to Apply for Islamic Account

• Select the Swap-Free account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Must comply with Islamic finance regulations, which may limit certain trading strategies.

FAQs – zes forex Account Types & Opening

1. What account types does zes forex offer？

• Zes Forex offers Standard, ECN, Swap-Free (Islamic), and Demo accounts.

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

• Standard Account: $10, ECN Account: $10, Swap-Free Account: $2,500, Demo Account: Virtual funds.

1. How long does zes forex account verification take？

• Verification typically takes a few hours to a couple of days.

1. Does zes forex offer demo accounts？

• Yes, Zes Forex provides demo accounts for practice trading.

1. Can I have multiple account types with zes forex？

• Yes, traders can open multiple accounts with different types.

1. Does zes forex offer Islamic/swap-free accounts？

• Yes, Zes Forex offers a Swap-Free account option.

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

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

1. Can I change my account type after registration？

• Yes, you can request an upgrade or downgrade through customer support.