English

Zixfx foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://client.zixfx.com/signup, about the company's legal and temporary regulatory information, the company's address First Floor St. Vincent Bank Ltd Building James Street Kingstown St. Vincent and the Grenadines.

Zixfx Forex Broker

Basic Information

Registered Region

Saint Vincent and the Grenadines

Operating Period

Company Name

Zixfx Limited

Abbreviation

Zixfx

Company employee

Customer Service Email Address

support@zixfx.com

Company Website

https://zixfx.com/

Company address

First Floor St. Vincent Bank Ltd Building James Street Kingstown St. Vincent and the Grenadines

Keywords

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information Zixfx Review Summary in 10 Points Founded 2022 Registered Country/Region Saint Vincent and the Grenadines Regulation No regulation Market Instruments Forex, commodities and cryptocurrencies Demo Account Available Leverage 1:1000 (Classic account)1:1000 (Standard account)1:200 (VIP account) EUR/ USD Spreads 1.2 pips (Classic account)0.3 pips (Standard account)0.1 pips (VIP account) Trading Platforms MT4 Minimum Deposit $100 (Classic account)$100 (Standard account)$10,000 (VIP account) Customer Support Phone, email What is Zixfx？ Zixfx is a online brokerage that offers a range of trading services to its clients. The brokerage offers a variety of financial instruments, primarily focusing on forex trading. Traders at Zixfx can benefit from competitive spreads, allowing for potentially lower trading costs. Also, it offers multiple account types to suit different trading preferences and experience levels, providing flexibility to traders. However, it has no regulation. In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance. Pros & Cons Pros Cons • Convenient deposit and withdrawal methods • Not regulated • Real-time commission tracking • Limited educational resources • MT4 supported • Multiple account options Zixfx Alternative Brokers There are many alternative brokers to Zixfx depending on the specific needs and preferences of the trader. Some popular options include: Interstellar FX - A trading platform that provides a wide range of financial instruments, leveraging advanced technology to offer a seamless trading experience to its clients. TeraFX - A reputable forex broker that offers a diverse range of trading solutions, backed by advanced trading tools and exceptional customer support. LIGHT FX - An innovative online brokerage that prides itself on offering competitive trading conditions, cutting-edge technology, and a user-friendly interface to empower traders of all levels. Is ZixfxSafe or Scam？ Zixfx has no valid regulation, which means that there is no government or financial authority oversighting their operations. It makes investing with them risky. If you are considering investing with Zixfx, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected. Market Instruments Zixfx offers a variety of trading instruments across different asset classes, including forex, commodities and cryptocurrencies. - Forex: Zixfx offers a comprehensive range of Forex pairs for traders to invest in, including major, minor, and exotic currency pairs. Foreign exchange, or Forex refers to the trading of currencies. Countries, businesses and individuals all participate in this market, making it the most heavily traded market. Forex trading holds low entry barriers due to the fact that it is accessible to clients without requiring significant amounts of capital by trading on margin. The continuously fluctuating exchange rate enables market participants to make profits by executing successful trades. - Commodities: Zixfx provides traders with access to a range of other commodities, including metals, agricultural products, and energy products like oil. Commodities are traded on the futures markets, and their values can be impacted by a variety of factors, such as supply and demand, geopolitical events, and weather patterns. - Cryptocurrencies: Cryptocurrencies are an online medium of exchange that uses cryptographic functions to transact. The platform offers traders access to major cryptocurrencies such as Bitcoin, Ethereum, and Ripple. Cryptocurrencies present the opportunity to trade 24/7. Cryptocurrencies are not affected by central bank policies and are regarded as a highly accessible instrument. Zixfx facilitates your access to a wide selection of cryptocurrency instruments combined with excellent trading conditions and low margin requirements. Accounts Zixfx offers three live account types including VIP account, Classic account and Standard account with the minimum deposit requirement of $10,000, $100 and $100 respectively. VIP Account: The VIP account is designed for experienced traders and individuals with a higher level of trading expertise. As a VIP account holder, you can expect exclusive features and benefits such as personalized customer support, lower spreads, and access to advanced trading tools. The VIP account also offers a maximum leverage of 1:200, enabling traders to potentially increase their trading positions. This account type aims to cater to the needs of seasoned traders who require enhanced trading capabilities and services. Classic Account: The Classic account is suitable for traders of all levels, including beginners. It offers a diverse range of trading opportunities and competitive features. With the Classic account, you'll have access to standard trading services such as customer support, market analysis, and an intuitive trading platform. Standard Account: The Standard account is an accessible option for traders looking to get started in the financial markets. The minimum deposit makes it suitable for those with a limited initial investment. The Standard account offers essential trading features, including customer support, access to the trading platform, and educational resources to aid in skill development. It's important to note that these descriptions provide a general overview of the account types offered by Zixfx. For specific details and any recent updates related to these accounts, it's recommended to visit Zixfx's official website or get in touch with their customer support for accurate and up-to-date information. Leverage Leverage is a tool that allows traders to open larger positions than their initial investment by borrowing funds from their broker. It can amplify both potential profits and losses in trading. For the Classic and Standard accounts, Zixfx offers a maximum leverage of 1:1000. This means that for every dollar of the trader's own capital, they can potentially trade with up to 1000 dollars. With such high leverage, traders can have the opportunity to control larger trading positions with a smaller initial investment. It can be beneficial for those who want to maximize their trading exposure. However, it's important to note that higher leverage also increases the risk of potential losses. On the other hand, the VIP account at Zixfx offers a maximum leverage of 1:200. While this leverage option is lower than the Classic and Standard accounts, it still allows traders to amplify their trading positions by a factor of 200. When using leverage, it's crucial for traders to have a solid understanding of its implications and how it can impact their trading strategy. Risk management and caution are vital to ensure that leverage is used responsibly. It's recommended to consult with Zixfx or seek professional advice to determine the most appropriate leverage level based on individual trading goals and risk tolerance. Spreads & Commissions Zixfx provides competitive spreads for its different account types. For the Classic account, Zixfx offers a spread starting from 1.2 pips. The spread represents the difference between the buying and selling prices of a trading instrument. A higher spread implies a wider gap between these prices. In the case of the Classic account, traders should expect a relatively wider spread compared to the other account types offered by Zixfx. The Standard account at Zixfx provides traders with a tighter spread starting from 0.3 pips. A tighter spread indicates a smaller difference between the buying and selling prices of a trading instrument. With a spread as low as 0.3 pips, traders with a Standard account can benefit from potentially reduced trading costs. Zixfx offers the tightest spread for its VIP account, starting from as low as 0.1 pips. This provides traders with highly competitive pricing and potentially lower transaction costs. The tighter spreads offered in this account type can be particularly advantageous for traders who frequently engage in high-volume trading strategies. Besides, Zixfx offers the potential for high commissions, with amounts of up to $13 per trade. This indicates that traders using the platform have the opportunity to earn substantial commissions based on their trading activities. Their commissions are recorded and calculated to traders in real time. Below is a comparison table about spreads and commissions charged by different brokers: Broker EUR/USD Spread Commission Zixfx 0.3 pips (Std) up to $13 (Std) Interstellar FX 1.6 pips None TeraFX 0.6 pips None LIGHT FX 0.2 pips None Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions. Trading Platforms Zixfxoffers MT4 trading platform for its clients. MT4, short for MetaTrader 4, is a widely-used trading platform in the financial industry. It is renowned for its comprehensive features and user-friendly interface, making it a preferred choice for traders of all levels of experience. MT4 provides a flexible and customizable environment for trading various financial instruments, including currencies, commodities, stocks, and indices. Traders can access an extensive library of technical analysis tools, indicators, and customizable chart templates to conduct in-depth market analysis. The platform supports multiple timeframes and provides real-time price quotes, allowing traders to monitor market movements and identify potential trading opportunities. MT4 is renowned for its reliability, advanced capabilities, and ease of use. It has become a popular choice among traders worldwide and continues to be a leading trading platform in the industry. Overall, Zixfx's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below: Broker Trading Platform Zixfx MT4 LIGHT FX MT4 Interstellar FX MT4 TeraFX Trading software Deposits & Withdrawals Zixfx accepts deposits and withdrawals via MetaQuotes, VISA, MasterCard, UOB, krungsri, SCB and KASIKORNBANK. MetaQuotes: Zixfx accepts deposits through the popular MetaQuotes platform. With MetaQuotes, clients can securely transfer funds directly into their trading accounts using a reliable and user-friendly interface. VISA and MasterCard: Zixfx allows deposits through VISA and MasterCard, two widely recognized and accepted payment methods. Clients can easily transfer funds from their credit or debit cards, providing a quick and convenient way to fund their trading accounts. UOB: Zixfx accepts deposits from United Overseas Bank (UOB), one of the leading financial institutions. By linking their UOB accounts, clients can initiate deposits directly into their Zixfx trading accounts seamlessly. Krungsri, SCB, and KASIKORNBANK: Zixfx also provides the option to deposit funds through Krungsri, Siam Commercial Bank (SCB), and KASIKORNBANK, three prominent Thai banks. Clients can transfer funds from their bank accounts, making deposits secure and straightforward. As for the deposit options themselves you may choose between the most common ones, also request support team to advise what is the best option for you according to your residence. Please keep in mind that Zixfx prioritizes the security and safety of transactions, and additional verification steps may be required to ensure the integrity of the withdrawal process. Zixfxminimum deposit vs other brokers Zixfx Most other Minimum Deposit $100 $100 Customer Service Customers can visit their office or get in touch with customer service line using the information provided below: Telephone: +17844856124 Email: support@zixfx.com www.zixfx.com Address: First Floor St. Vincent Bank Ltd Building James Street Kingstown St. Vincent and the Grenadines Overall, Zixfxs customer service is considered reliable and responsive, with various options available for traders to seek assistance. Pros Cons Phone and email support available No 24/7 customer support No live chat support Limited communication channels Note: These pros and cons are subjective and may vary depending on the individual's experience with Zixfx's customer service. Conclusion In conclusion, Zixfx is a trading platform that offers a range of services to its clients. The platform provides access to various financial markets, allowing traders to diversify their portfolios and capitalize on different trading opportunities. With its user-friendly interface and advanced charting tools, Zixfx's trading platform, MT4, caters to the needs of both beginner and advanced traders. However, Zixfx doesnt have regulation. Therefore, traders should verify the regulatory status of Zixfx or any broker they choose to work with to ensure compliance with industry standards and regulatory requirements. Frequently Asked Questions (FAQs) Q 1: Is Zixfx regulated？ A 1: No. It has been verified that this broker currently has no valid regulation. Q 2: How can I contact the customer support team at Zixfx？ A 2: You can contact via phone, +17844856124 and email, support@zixfx.com and www.zixfx.com. Q 3: Does Zixfx offer demo accounts？ A 3: Yes. Q 4: Does Zixfx offer the industry leading MT4 & MT5？ A 4: Yes. It supports MT4. Q 5: What is the minimum deposit for Zixfx？ A 5: The minimum initial deposit to open an account is $100. Q 6: Is Zixfxa good broker for beginners？ A 6: No. It is not a good choice for beginners because of its unregulated condition.

Zixfx broker review

Is Zixfx safe or scam

Rating Index

ZixFX Forex Broker - Complete Information Guide

1. Broker Overview

　　ZixFX, officially known as ZixFX Limited, was established in 2022 and is headquartered in Kingstown, Saint Vincent and the Grenadines. As an offshore broker, ZixFX operates without the regulation of major financial authorities, which raises concerns regarding the safety and security of client funds. The company primarily serves retail clients interested in trading various financial instruments, including forex, commodities, and cryptocurrencies.

　　ZixFX's business model focuses on providing accessible trading services to individuals looking to engage in the forex market. Despite its relatively short history, ZixFX has aimed to position itself in the competitive online trading landscape by offering a range of financial products and services. However, the lack of transparency and regulatory oversight has led to skepticism about its operations and trustworthiness.

　　The broker operates on a retail forex model, allowing clients to trade currency pairs and other financial instruments. Given its offshore status, ZixFX does not adhere to the stringent regulations that govern many other brokers, which can pose significant risks to traders.

　　ZixFX broker is the first mention in this overview, highlighting its presence in the forex trading community.

2. Regulation and Compliance Information

　　ZixFX is an unregulated entity, registered in Saint Vincent and the Grenadines. The local financial regulator, the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA), does not license forex brokers or monitor their activities. This lack of regulation means that ZixFX is not subject to the same oversight and consumer protection measures that regulated brokers must follow.

　　As there are no regulatory licenses associated with ZixFX, clients cannot rely on any form of investor compensation schemes or guaranteed fund protection. The absence of a robust Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance framework further exacerbates the risks involved in trading with this broker.

　　Traders are advised to exercise extreme caution when dealing with ZixFX, as the lack of regulatory oversight means they could potentially lose their entire investment without any recourse. The absence of segregated accounts for client funds is another red flag, as it indicates that client funds may not be protected from the broker's operational risks.

　　This section serves as the second mention of ZixFX broker, emphasizing its regulatory status and associated risks.

3. Trading Products and Services

　　ZixFX offers a variety of trading products, primarily focusing on forex trading. The broker provides access to numerous currency pairs, including major, minor, and exotic pairs. Additionally, ZixFX allows clients to trade Contracts for Difference (CFDs) on various assets, including commodities, indices, and cryptocurrencies.

　　The broker claims to offer competitive spreads and leverage options, with maximum leverage reaching up to 1:1000 for standard accounts. However, such high leverage poses significant risks, particularly for inexperienced traders who may not fully understand the implications of trading on margin.

　　While ZixFX aims to provide a diverse range of trading instruments, the lack of transparency regarding the specific number of forex pairs and CFDs available may deter potential clients. The broker's commitment to updating its product offerings and introducing new instruments is unclear, which raises concerns about its operational stability.

　　In summary, ZixFX provides a range of trading products but lacks the transparency and reliability that traders typically seek in a broker. This is the third mention of ZixFX broker, reinforcing its product offerings.

4. Trading Platform and Technology

　　ZixFX supports the MetaTrader 4 (MT4) trading platform, which is widely recognized in the trading community for its user-friendly interface and comprehensive features. The platform allows traders to access various financial instruments, perform technical analysis, and execute trades efficiently.

　　The broker does not appear to offer its proprietary trading platform, which may limit its appeal to traders looking for unique features or advanced trading tools. Additionally, ZixFX does not provide a mobile application for trading, which could hinder clients who prefer to trade on the go.

　　The execution model employed by ZixFX is not clearly defined, raising questions about whether it operates as an ECN, STP, or Market Maker. The broker's server location and technological infrastructure details are also not disclosed, which further diminishes confidence in its trading capabilities.

　　In conclusion, while ZixFX offers access to the popular MT4 platform, the lack of proprietary technology and clarity regarding its execution model may deter potential clients. This section serves as the fourth mention of ZixFX broker, focusing on its technological offerings.

5. Account Types and Trading Conditions

　　ZixFX offers several account types to cater to different trading preferences. The minimum deposit requirement to open a classic account is $100, while a VIP account requires a minimum deposit of $10,000. The broker claims to provide competitive spreads, starting from 1.2 pips for the classic account and as low as 0.1 pips for the VIP account.

　　However, the absence of clear information regarding commissions and other fees associated with trading can lead to unexpected costs for clients. The maximum leverage of 1:1000 for standard accounts is attractive but carries significant risk, especially for novice traders who may not fully grasp the potential for substantial losses.

　　ZixFX also offers a demo account, allowing prospective clients to test the trading platform and familiarize themselves with the broker's services before committing real funds. However, the lack of transparency regarding overnight fees and minimum trade sizes may raise concerns for traders.

　　In summary, while ZixFX provides various account types and competitive trading conditions, the lack of clarity regarding fees and potential risks associated with high leverage may deter potential clients. This is the fifth mention of ZixFX broker, highlighting its account offerings.

6. Fund Management

　　ZixFX supports several deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirement varies by account type, with the classic account requiring a minimum of $100. The processing time for deposits is generally immediate, but specific details on fees associated with deposits are not clearly outlined.

　　Withdrawal options and associated limitations are also vague, with no clear withdrawal policy provided by the broker. Clients may face challenges when attempting to withdraw their funds, especially given the lack of regulatory oversight and potential for withdrawal restrictions.

　　The processing time for withdrawals is not explicitly stated, raising concerns about the broker's reliability in returning funds to clients. Additionally, the absence of a transparent fee structure for withdrawals may lead to confusion and dissatisfaction among traders.

　　In conclusion, while ZixFX offers various funding methods, the lack of transparency regarding withdrawal processes and potential fees may deter traders from using this broker. This section serves as the sixth mention of ZixFX broker, focusing on its fund management practices.

7. Customer Support and Educational Resources

　　ZixFX provides customer support through various channels, including phone and email. However, the lack of live chat support and limited communication options may hinder clients' ability to resolve issues quickly. The broker does not specify its customer service hours, which could lead to delays in assistance.

　　The support team can be reached via email at support@zixfx.com or by phone at +17844856124. However, there are concerns regarding the responsiveness and reliability of the support team, particularly given the broker's unregulated status.

　　In terms of educational resources, ZixFX offers limited materials for traders looking to enhance their knowledge and skills. The absence of webinars, tutorials, or comprehensive market analysis services may leave clients without the necessary tools to make informed trading decisions.

　　In summary, while ZixFX provides basic customer support, the limitations in communication channels and educational resources may not meet the expectations of traders seeking comprehensive assistance. This section serves as the seventh mention of ZixFX broker, emphasizing its customer service and educational offerings.

8. Regional Coverage and Restrictions

　　ZixFX primarily targets clients in various regions, including Asia and beyond. However, the broker does not provide specific information regarding its regional offices or the countries it serves. Additionally, ZixFX does not accept clients from certain jurisdictions where its services may be restricted or prohibited by local laws.

　　The lack of clarity regarding regional coverage and restrictions may pose challenges for potential clients looking to engage with the broker. It is essential for traders to verify whether ZixFX operates legally in their respective countries before opening an account.

　　In conclusion, while ZixFX aims to serve a global client base, the lack of detailed information regarding regional coverage and restrictions may limit its appeal to potential traders. This section serves as the eighth mention of ZixFX broker, focusing on its geographical reach.

　　In summary, ZixFX broker presents a range of trading services and products but operates without regulatory oversight, raising concerns about the safety of client funds. The broker's lack of transparency regarding fees, withdrawal processes, and customer support may deter potential traders from engaging with its services. As always, it is crucial for traders to conduct thorough research and consider the risks before choosing a broker.

Zixfx Similar Brokers

Infinity Global Traders

Safe Review

Infinity Global Traders Forex Broker - Complete Information Guide 　　1. Broker Ov

1.45

Score

Crypto Fx Trade

Best brokers