Zetano Company

Zetano Forex Broker - Complete Information Guide

1. Broker Overview

Zetano, officially known as Wonderinterest Trading Ltd, was established in 2016 and is headquartered in Limassol, Cyprus. This brokerage operates as a private investment firm and is regulated by the Cyprus Securities and Exchange Commission (CySEC). Zetano primarily serves retail clients, providing access to various financial markets, including Forex and CFDs (Contracts for Difference).

Since its inception, Zetano has experienced significant growth, positioning itself as a reliable broker in the competitive landscape of online trading. The firm has achieved various milestones, including obtaining its CySEC license (number 307/16), which signifies its compliance with strict regulatory standards. The company focuses on offering diverse trading instruments and has developed a user-friendly trading platform to cater to both novice and experienced traders.

Zetano operates under the umbrella of Wonderinterest Trading Ltd, which is dedicated to providing innovative trading solutions. The business model emphasizes retail Forex trading and CFD services, allowing clients to trade various asset classes, including stocks, indices, commodities, and currency pairs.

2. Regulation and Compliance Information

Zetano is regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring adherence to strict financial regulations. The regulatory number for Zetano is 307/16, confirming its legitimacy in the financial markets. The CySEC license is valid for all operations conducted by the broker, which includes the provision of trading services to clients across the European Economic Area (EEA).

As part of its regulatory obligations, Zetano maintains client funds in segregated accounts, ensuring that client deposits are protected from operational risks. Additionally, the broker participates in the Investor Compensation Fund (ICF), which provides coverage of up to €20,000 per client in the event of insolvency.

Zetano adheres to stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to enhance security and transparency. This includes verifying the identity of clients and monitoring transactions to prevent fraudulent activities. The broker's compliance with these regulations reinforces its commitment to maintaining a secure trading environment for its clients.

3. Trading Products and Services

Zetano offers a diverse range of trading products, primarily focusing on Forex and CFDs. Clients can trade over 60 currency pairs, including major pairs such as EUR/USD, GBP/USD, and USD/JPY. Additionally, the broker provides access to various CFD products, which encompass indices, commodities, and stocks.

The CFD offerings include popular indices like the NASDAQ, FTSE 100, and DAX 30, as well as commodities such as gold, oil, and agricultural products. Furthermore, clients can trade shares of major companies, either in physical form or as CFDs, allowing for greater flexibility in investment strategies.

Zetano continuously updates its product offerings to align with market trends and client demands. However, it currently does not provide access to cryptocurrencies or futures trading, which may limit options for some traders. The broker primarily targets retail clients but may also cater to institutional investors seeking tailored trading solutions.

4. Trading Platforms and Technology

Zetano utilizes its proprietary trading platform known as XOH Trader, which is designed to be intuitive and user-friendly. While it does not support the widely used MetaTrader 4 or MetaTrader 5 platforms, XOH Trader offers a robust set of features that facilitate effective trading. The platform is accessible via web browsers and is also available as a mobile application for both iOS and Android devices.

The mobile app allows traders to execute trades on the go, providing the same functionalities as the desktop version. This flexibility is particularly beneficial for active traders who require constant access to their trading accounts. The platform supports various order types, charting tools, and risk management features, ensuring that traders can manage their portfolios efficiently.

Zetano's execution model is primarily Market Making, which may influence the spreads offered to clients. The broker employs advanced technology and infrastructure to ensure reliable trade execution and minimize latency. API access for automated trading is also available, catering to traders who prefer algorithmic trading strategies.

5. Account Types and Trading Conditions

Zetano offers four distinct account types: Standard, Premium, Metal, and Diamond.

• Standard Account: Requires a minimum deposit of $100 and provides access to basic trading features.
• Premium Account: Requires a minimum deposit of $50,000 and offers lower spreads and enhanced trading conditions.
• Metal Account: Aimed at high-volume traders, this account requires a minimum deposit of $100,000 and provides even lower spreads.
• Diamond Account: This elite account type requires a minimum deposit of $500,000 and offers the most favorable trading conditions, including personalized services.

Zetano also provides a demo account option, allowing traders to practice trading strategies without financial risk. The demo account is available for 30 days, after which clients are encouraged to open a real account.

Leverage at Zetano varies, with retail clients typically receiving leverage up to 1:30, while experienced traders may access leverage up to 1:100 under specific conditions. The minimum trade size is 0.01 lots, and overnight fees are applicable, which traders should consider when managing their positions.

6. Fund Management

Zetano supports various deposit methods, including bank transfers and credit/debit cards. The minimum deposit requirement varies by account type, with the Standard Account requiring $100.

Deposits are processed promptly, with no fees charged by the broker for deposits or withdrawals. However, clients should be aware of potential fees imposed by third-party payment processors. Withdrawals can only be made via bank transfer, and there are no minimum withdrawal limits, allowing clients to access their funds as needed.

Withdrawal processing times may vary, but Zetano strives to ensure timely transactions. Clients should familiarize themselves with the withdrawal policies to avoid any delays.

7. Customer Support and Educational Resources

Zetano provides comprehensive customer support through multiple channels, including phone, email, and social media. Their support team is available during trading hours, ensuring that clients can receive assistance when needed. The broker offers support in several languages, enhancing accessibility for a diverse client base.

In terms of educational resources, Zetano features an Academy section on its website that includes tutorials, webinars, and a glossary of trading terms. This educational content is designed to assist both novice and experienced traders in understanding the intricacies of trading and market dynamics.

Additionally, the broker provides market analysis services, including daily updates and research reports, to keep clients informed about market trends and opportunities.

8. Regional Coverage and Restrictions

Zetano primarily serves clients in the European Economic Area (EEA), leveraging its regulatory framework to provide services across multiple countries. The broker has a physical presence in Limassol, Cyprus, which serves as its main office.

However, there are certain regions where Zetano does not accept clients, particularly in jurisdictions that impose strict regulations on foreign brokers. It is essential for potential clients to verify their eligibility to open an account with Zetano based on their country of residence.

In conclusion, the Zetano broker offers a comprehensive suite of trading products and services, backed by regulatory oversight and a commitment to client security. With a user-friendly platform and a variety of account options, it caters to both novice and experienced traders looking to navigate the financial markets effectively.