Zetano Forex Broker

Zetano Forex Broker - Complete Information Guide

1. Broker Overview

　　Zetano is a regulated online brokerage firm established in 2016. The company operates under the full name Wonderinterest Trading Ltd, with its headquarters located in Limassol, Cyprus. As a private entity, Zetano primarily serves retail clients interested in trading various financial instruments, including forex and CFDs (Contracts for Difference). Over the years, the broker has made significant strides in expanding its offerings and enhancing its trading platform, demonstrating a commitment to meeting the evolving needs of its customer base.

　　Since its inception, Zetano has achieved several important milestones, including acquiring a license from the Cyprus Securities and Exchange Commission (CySEC), which is one of the most respected regulatory bodies in the financial industry. This license is crucial for ensuring that the broker adheres to strict financial regulations and maintains high standards of operational integrity.

　　Zetano operates as a retail forex broker, providing traders with access to a range of financial markets. The company's business model is designed to facilitate efficient trading experiences for both novice and experienced traders, offering various account types and trading instruments.

2. Regulatory and Compliance Information

　　Zetano is regulated by the Cyprus Securities and Exchange Commission (CySEC), holding the license number 307/16. This regulatory oversight ensures that the broker complies with stringent financial standards, including maintaining a minimum capital requirement of €730,000 and participating in the Investor Compensation Fund (ICF), which provides up to €20,000 in coverage for clients in the event of insolvency.

　　The broker's compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is a fundamental aspect of its operations. These measures are in place to protect clients and ensure that all transactions are conducted transparently and securely.

　　Zetano also emphasizes the importance of client fund safety by implementing strict segregation policies, ensuring that customer deposits are kept separate from the company's operational funds. This practice is essential for maintaining the integrity and security of client investments.

3. Trading Products and Services

　　Zetano offers a diverse range of trading products, primarily focusing on forex and CFDs. The broker provides access to over 60 currency pairs, including major pairs such as EUR/USD, GBP/USD, and USD/JPY. Additionally, clients can trade various categories of CFDs, encompassing:

• CFD Indices: Access to major indices like the NASDAQ, FTSE 100, and DAX 30.
• CFD Commodities: Trading opportunities in commodities such as gold, silver, and agricultural products like sugar and grain.
• CFD Shares: A selection of popular stocks including Amazon, Alphabet, and Bank of America.

　　While Zetano does not currently offer cryptocurrencies, it continually evaluates market trends and may introduce new products in the future based on client demand.

　　The broker's retail trading services are tailored to individual traders, providing educational resources, market analysis, and a user-friendly trading platform. For institutional clients, Zetano offers bespoke services, although specific details about institutional offerings are not extensively covered in the available information.

4. Trading Platform and Technology

　　Zetano provides its clients with the XOH Trader platform, a proprietary trading solution designed for both desktop and mobile devices. This platform is accessible via web browsers and can be downloaded on iOS and Android devices, ensuring that traders can manage their accounts and execute trades from anywhere.

　　The XOH Trader platform is known for its intuitive interface, making it suitable for both beginners and experienced traders. It offers a range of features, including advanced charting tools, customizable layouts, and various order types. However, it does not support the widely used MetaTrader 4 or 5 platforms, which may be a consideration for traders accustomed to those environments.

　　Zetano employs a Straight Through Processing (STP) model, ensuring that trades are executed directly in the market without any dealer intervention. This model enhances transparency and can lead to better pricing for clients. The broker's technical infrastructure is designed to support efficient order execution, although specific details about server locations and API access for automated trading are not explicitly mentioned.

5. Account Types and Trading Conditions

　　Zetano offers four distinct account types, catering to various trading preferences and capital levels:

• Standard Account: Minimum deposit of $100, with competitive spreads.
• Premium Account: Higher minimum deposit requirements, offering enhanced trading conditions.
• Metal Account: Aimed at serious traders, requiring a larger initial investment.
• Diamond Account: The highest tier, designed for elite traders with substantial capital.

　　Each account type is free of maintenance fees, although a fee of €100 may apply for accounts that remain inactive for over a month. The leverage offered by Zetano varies, with a standard limit of 1:30 for retail clients, potentially increasing to 1:100 for experienced traders based on their account balance and trading history.

　　Zetano also provides a demo account for traders to practice their strategies without financial risk. This account is typically available for 30 days, allowing users to familiarize themselves with the trading platform before committing real funds.

6. Fund Management

　　Zetano supports several deposit methods, including:

• Bank Transfers: No maximum limit for deposits.
• Credit/Debit Cards: Minimum deposit of $250, with a maximum of $10,000.

　　The broker does not charge fees for deposits or withdrawals, which is a significant advantage compared to many competitors. However, clients should be aware of third-party fees that may apply.

　　Withdrawals can be made via bank transfer, with no minimum withdrawal amount imposed. The processing time for withdrawals is generally efficient, although specific timeframes are not detailed in the available information.

7. Customer Support and Educational Resources

　　Zetano offers various customer support channels, including:

• Email Support: Available at support@zetano.com.
• Phone Support: Clients can reach out via the number +357 25 123 501.
• Social Media: Active presence on platforms such as Facebook, LinkedIn, and Instagram.

　　The broker provides support in multiple languages, ensuring that clients from different regions can receive assistance in their preferred language. Educational resources include webinars, tutorials, and a glossary of trading terms, designed to enhance traders' knowledge and skills.

　　Market analysis services are also available, offering clients insights into current market trends and trading opportunities.

8. Regional Coverage and Restrictions

　　Zetano primarily serves clients within the European Economic Area (EEA), benefiting from its regulatory framework under CySEC. The broker has established a solid presence in Cyprus, and its services are available to clients in various countries.

　　However, there may be specific countries or regions where Zetano does not accept clients, although detailed information on such restrictions is not provided in the available resources. Clients are encouraged to verify their eligibility based on local regulations before opening an account.

　　In conclusion, Zetano broker presents a reliable option for traders seeking a regulated environment with a diverse range of trading products. While it has some limitations, such as the absence of cryptocurrency trading and reliance on its proprietary platform, it offers a solid foundation for both novice and experienced traders looking to navigate the financial markets.