Is ZFX safe and legit？ Full review
ZFX is a Seychelles-based broker established in 2017, regulated by the UK's Financial Conduct Authority (FCA) and the Seychelles Financial Services Authority (FSA). It holds an overall A rating for its trading environment, with outstanding performance in slippage and disconnection, though speed is rated C. The broker offers three account types — ECN, Standard STP, and Mini — with a minimum deposit starting at $50 and maximum leverage up to 1:2000, all supporting hedging, scalping, and EA trading. Trading software includes self-developed, MT4, and MT5 platforms with full authorization, plus mobile apps for Android and iOS. Customer service supports 23 languages across multiple channels, though response times may be lengthy. The broker has multiple regulatory disclosures and a high number of user complaints.
Regulatory Compliance and Security
ZFX is subject to dual supervision, with a safety level of 1.
The FCA registration is fully regulated, while the Seychelles FSA operates as offshore regulation. There are 4 regulatory disclosures associated with this broker, including warnings from Indonesia's BAPPEBTI and Malaysia's Securities Commission.
Account Type
Trading Environment
ZFX has a trading environment rating of A.
Speed Details:
- Fastest speed: 75.0 ms (opening 179.0 / closing 75.0)
- Slowest speed: 1984.0 ms (opening 1515.0 / closing 1984.0)
Cost Details:
- Gold (XAU): Average Cost 15.41 USD/Lot
- Crude Oil (WH): Average Cost 9.59 USD/Lot
Swap Details:
- Crude Oil Long: -5.59 USD/Lot / Short: 2.1 USD/Lot
- Gold Long: -66.43 USD/Lot / Short: 27.56 USD/Lot
Test Data: 3,237 users participated in the test, with a total of 33,383 transactions and occupied margin of $22,743,405 USD. It ranks 55th among 109 brokers in the comprehensive ranking.
Trading software
ZFX supports the MT4 and MT5 platforms (both with full authorization), as well as its self-developed software. The software experience is rated as Fair.
MT4/5 Server Distribution:
- MT5 Servers: ZealCapitalMarketSC-Live (China, Singapore, Vietnam, United Kingdom, Hong Kong, Thailand, India), ZealCapitalMarketSC-Demo (India, Singapore, China, Vietnam, United Kingdom, Hong Kong, Thailand)
- MT4 Servers: ZealCapitalMarketUK-Live, ZealCapitalMarketUK-Demo, ZealCapitalMarketSC-Live, ZealCapitalMarketSC-Demo, ZealCapitalMarketSC-Live02, ZealCapitalMarketSC-Live04, ZealCapitalMarket-Demo02, ZealCapitalMarket-Live03 (distributed across China, Hong Kong, Singapore, India, United Kingdom, Vietnam, Taiwan, Thailand, United Arab Emirates, South Africa)
Mobile Support:
- iOS: Zeal Trader
- Android: ZFX Trader
Customer Service
ZFX customer service supports 23 languages. You can contact them via Phone number, Email, and IM App for answers to most inquiries.
⚠️ Page prompt: "Please note that response times may be lengthy."
Influence
ZFX has an influence rating of B, with main distribution regions including the United Arab Emirates, Brazil, Canada, Germany, France, United Kingdom, Hong Kong, Indonesia, India, and Japan. The average influence index is 6.28.
5-10 years
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