Zeus Capital Markets Forex Broker
Basic Information
South Africa
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
Premium Account
Standard Account
Zeus Capital Markets Forex Broker - Complete Information Guide
1. Broker Overview
Zeus Capital Markets, founded in 2021, is a Forex and CFD broker based in Durban, South Africa. The company operates under the legal entity Zeus Capital Markets (Pty) Ltd, and it is a private entity, not publicly listed. This broker primarily serves retail clients, catering to traders looking for diverse financial instruments and trading opportunities.
Since its inception, Zeus Capital Markets has aimed to provide competitive trading conditions and a wide range of financial products. The company has made significant strides in establishing itself within the Forex trading community, although it has faced challenges regarding its regulatory standing and customer service. Zeus Capital Markets operates on a business model that focuses on retail Forex trading, offering clients access to various trading instruments, including currency pairs, commodities, and indices.
The broker positions itself as a provider of Forex rebates, claiming to return a portion of the trading costs back to clients, thus enhancing their trading profitability. This approach aims to attract traders who are looking for cost-effective trading solutions.
2. Regulation and Compliance Information
Zeus Capital Markets claims to be regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, holding the regulatory number 51598. However, the quality of this regulation has been questioned by various sources, indicating that it may not provide the same level of investor protection as stricter regulations found in other jurisdictions.
The broker's license is valid for conducting Forex trading and providing financial services within South Africa. However, it is essential for potential clients to be aware that the regulatory framework in South Africa may not be as robust as in other regions, leading to concerns about the safety of client funds.
Zeus Capital Markets asserts that it implements a client fund segregation policy, which is crucial for protecting clients' funds from operational risks. Additionally, the broker states that it adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures to ensure that its operations align with legal requirements.
3. Trading Products and Services
Zeus Capital Markets offers a diverse range of trading products, including over 60 Forex currency pairs, with major pairs such as EUR/USD, GBP/USD, and USD/JPY being prominently featured. In addition to Forex, the broker provides access to Contract for Difference (CFD) products across various categories, including:
- Indices: Major global indices such as the S&P 500, NASDAQ, and FTSE 100.
- Commodities: Precious metals like gold and silver, as well as energy products such as crude oil.
- Cryptocurrencies: Limited offerings in popular digital currencies, although specific details on this category were not extensively covered in the available information.
The broker claims to update its product offerings regularly, although the frequency and specifics of these updates are not clearly defined. Zeus Capital Markets also caters to retail traders, providing them with competitive trading conditions and various tools to enhance their trading experience.
4. Trading Platform and Technology
Zeus Capital Markets primarily supports the MetaTrader 4 (MT4) trading platform, which is widely recognized for its user-friendly interface and comprehensive trading features. The broker does not appear to have a proprietary trading platform, which may limit some advanced trading functionalities.
The MT4 platform is available for desktop, web, and mobile applications, ensuring that traders can access their accounts and execute trades from various devices. The broker supports both iOS and Android operating systems for mobile trading.
In terms of execution model, Zeus Capital Markets employs an ECN (Electronic Communication Network) approach, which allows for direct market access and potentially tighter spreads. The broker's server infrastructure is based in South Africa, which may affect latency for international traders.
Additionally, Zeus Capital Markets offers API access for automated trading, which can be beneficial for algorithmic traders looking to implement their strategies efficiently.
5. Account Types and Trading Conditions
Zeus Capital Markets provides a standard account with a minimum deposit requirement of $500. The trading conditions for this account type include:
- Spreads: Variable spreads are offered, although specific values were not detailed in the available information.
- Commissions: The broker states that there are no commissions on trades executed through the standard account.
- Leverage: The maximum leverage available is 1:30, which is in line with regulatory standards for retail Forex trading.
- Minimum Trade Volume: The broker allows a minimum trade volume of 0.01 lots.
- Overnight Fees: Details regarding overnight fees were not explicitly mentioned, indicating that traders should inquire directly with the broker for specific policies.
Zeus Capital Markets does not appear to offer advanced account types such as VIP or professional accounts, which may limit options for high-volume traders.
6. Fund Management
Zeus Capital Markets supports various deposit methods, including bank transfers, which are the primary means for clients to fund their trading accounts. The minimum deposit requirement varies based on the account type, with the standard account requiring $500.
The processing time for deposits typically ranges from 1 to 2 business days for domestic transfers and 3 to 5 business days for international transfers. However, specific fees associated with deposits were not disclosed, indicating that clients may need to check with their banks for any applicable charges.
Withdrawal methods are primarily through bank transfers, but detailed information regarding withdrawal limits and processing times was not provided. Clients have reported challenges with withdrawal requests, raising concerns about the broker's reliability in this area.
7. Customer Support and Educational Resources
Zeus Capital Markets offers customer support through various channels, including telephone, email, and online chat. The support team can be reached at +27 (0) 84 0620411 or via email at support@zeuscapitalmarkets.com. The broker operates primarily in English.
The service hours and time zone coverage were not explicitly mentioned, which may affect clients in different regions. The broker does not appear to offer extensive educational resources, such as webinars or tutorials, which could be beneficial for novice traders.
Market analysis services, including daily updates and research reports, were not highlighted, indicating a potential gap in providing valuable insights to its clients. Additionally, trading tools such as calculators and signal services were not detailed in the available information.
8. Regional Coverage and Restrictions
Zeus Capital Markets primarily serves clients in South Africa and potentially in other regions. However, the specific distribution of regional offices was not detailed in the available information. The broker does not accept clients from certain countries, although the exact list of restricted jurisdictions was not provided.
It is important for potential clients to verify their eligibility to trade with Zeus Capital Markets based on their local regulations, especially considering the broker's regulatory status in South Africa.
In conclusion, while Zeus Capital Markets offers a range of trading products and competitive conditions, potential clients should exercise caution due to concerns regarding regulatory quality, customer service, and withdrawal processes. It is advisable to conduct thorough research and consider all factors before engaging with the Zeus Capital Markets broker.
Zeus Capital Markets Similar Brokers
Latest Reviews
FX1727486592
United States
After I got no response from Zeus I knew I had been duped, I had $80,000 to withdraw which was going on for a long time, many months of trading and making profits with no license to withdraw however, the class action fintrack/ org aided gave in to the return of funds that would have been otherwise stuck on the platform's account Save yourself the trouble of investing only to be manipulated all the way.
Exposure
2022-07-06
FX3464800242
Germany
Even after paying tax, I am unable to withdraw my money. Customer care informed me that because I had a deposit of £55,600 from a third party, my trading account was suspended because they said i broke the law of against anti theft and tax evasion . I had to put deposit 15% of my investment into my account if I still wanted to withdraw which doesn’t make sense . I had to ask an Australian company called AssetsClaimback recovery service for a chargeback. Even after i made the 15% deposit this scammers called Zeus capital. still withhold my money
Exposure
2022-07-05
Fx3578064
Australia
However, once you enter the trade, the price changes and you will find yourself in a trade with improbable odds, especially if you are short-term trading, which is highly manipulated. The true price and graphs will show as the true "live" price. Any long-term trades are closed off if you are making a sizable profit, and stop losses will be executed if the asset reaches a certain distance from the goal, whether or not it hits the stop loss price. They held my money hostage until the class action lawsuit Assetsclaimback/com was approved and my investment was paid back. Ingoinvest is too shady; it's more like gambling. I won't use them once more.
Exposure
2022-07-12