zForex 

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Rated 5 out of 5 stars

Delayed as it may be, I've failed three prop firm challenges, leading me to conclude that Z FX's periodic demo contests outshine them. It's cost-free, with no drawdown or risk management constraints.... See more

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Rated 5 out of 5 stars

The trading conditions looks a bit better among other brokers that are 'more regulated'. After the registration a no one contacts you. After the KYC a few bonuses will be offered if you would like... See more

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Rated 1 out of 5 stars

junk and waste of time, i dont put any money in this idiots, - they claim dynamic leverage across all instruments but indices have max 50:1 as surprise comunications and pretending to be professiona... See more

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Rated 5 out of 5 stars

I've got commend ZFX for their fast order execution- it's on another level! Whether it's ECN or STP, not entirely sure but there's been zero slippage during my trading stint here. Everything runs smoo... See more

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Company details

  1. Currency Exchange Service

Written by the company

Zforex is registered as Z Forex Capital Market LLC with the number 2145 LLC 2022 in Saint Vincent and the Grenadines in 2022.


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(185)

13 reviews in the last 12 months

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Rated 5 out of 5 stars

Simple

I'm not into complicated trading calculations. I make one trade a day, and that suits me just fine. So, I don't really worry about commissions. But think about it - an extra $3 in commission might not sound like much, but it can add up.

-Ten lots a day, that's 200 lots a month, which means $600 in commissions.
Is it practical to go for ECN in my case?

For me, the higher minimum deposit of the STD account is worth it. It offers simplicity and fewer fees, aligning with my straightforward trading approach

October 26, 2023
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Reply from zForex

Hello dear trader

Thank you for your valuable review! Your feedback is greatly appreciated.

Best Regards,
zForex Team

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Rated 5 out of 5 stars

Position Trading- swap free

I find the "SWAP FREE" account to be the most appealing option for position trading for, several reasons.

-Low 0.5 pip spread, minimizing position-holding costs.
-No commission fees, allowing for maximum profit retention.
-Competitive 1:1000 leverage, offering strategy flexibility.
-A 30% stop-out level, reducing the risk of early position closures.
-The "Swap Free" option is beneficial for extended holding periods.

However, it's important to consider these potential disadvantages:
-The "Swap Free" account may still have minimal swap costs.
-While the stop-out level is higher than some, it's not the most generous, possibly leading to premature closures during extreme market conditions.

October 24, 2023
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Reply from zForex

Hello dear trader

Thank you for your valuable review! Your feedback is greatly appreciated.

Best Regards,
zForex Team

Rated 5 out of 5 stars

One Account Rule -Competion

I have some reservations about the "One-Account Rule" in the ZForex competition. Typically, I prefer to trade with two accounts, even in live trading. However, this rule restricts my approach during the competition. As a trader, I believe in the importance of having the flexibility to implement my hedging strategy, especially when there's an opportunity to win prizes. I believe ZForex should consider amending this rule to accommodate a broader range of trading strategies. It would be a welcome change, and I hope they address it soon

October 20, 2023
Unprompted review
Rated 5 out of 5 stars

long run thinking

It may seem like the unpopular choice, but I opted for the STD account because I value avoiding commissions. Some traders prefer not to pay fees for each trade. If you're actively trading or have a high frequency strategy, steering clear of commissions can add up to signification savings over time. As the say, 'If it makes money, it makes cents.' For me, the STD account aligns with my trading style and wallet.

October 19, 2023
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Reply from zForex

Hello dear trader

Thank you for your valuable review! Your feedback is greatly appreciated.

Best Regards,
zForex Team

Rated 5 out of 5 stars

the costs of the std n swap free accounts....out of this world

I couldn't help but chuckle when I looked at the requirements and trading conditions for both the STD and Swap Free accounts. It's a head-scratcher how someone can trade under those conditions with high minimum deposits and steeper trading fees. The spread on the STD account is 0.5 pip, while the Swap Free account offers a slightly wider spread at 0.7 pip.

What's more, the Stop Out level on the STD account is set at 30%, and it's a whopping 50% on the Swap Free account. It almost feels like zForex is nudging traders toward the ECN account, and I have to admit, they succeeded with me. I'm happily trading on the ECN account, and I don't even want to consider the other options anymore.

For me, the ECN account just makes more sense

October 17, 2023
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Reply from zForex

Hello dear trader,

Thank you for your valuable review! Your feedback is greatly appreciated.

Best Regards,
zForex Team

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Rated 5 out of 5 stars

ECN better for small scale traders

I believe I made a practical choice with zForex's ECN option. With a modest budget, the $65 it suited me well.

What stood out were the trading conditions. The ECN account offers a low 20% stop-out level and a high 1:1000 leverage, giving me room to actually potentially grow my account.

Though it has a commission ($10 for Forex), the ECN account's 0 pip spread helps offset the cost. Comparing it to the STD (Standard) Account with a $1,000 minimum deposit, the ECN option seemed tailored to my budget and trading style.

In my experience, it's about finding the right fit. The ECN account at zForex checked all the boxes for a trader like me

October 13, 2023
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Reply from zForex

Hello dear trader,

Thank you for your valuable review! Your feedback is greatly appreciated.

Best Regards,
zForex Team

Rated 5 out of 5 stars

Transparent Trading

zForex's transparency is a significant plus. in a world where hidden fees are common, it's nice to see that they put in everything out in the open. they event specify a 50% stop-out level on their swap-free account, which, while EXTREMELY high, leaves no room for confusion.

Personally, i prefer their ECN account; it offers a more appealing option

October 4, 2023
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Reply from zForex

Hello dear Fahrul,

Thank you for your valuable review! Your feedback is greatly appreciated.

Best Regards,
zForex Team

Rated 5 out of 5 stars

xau pairs at zforex

Honestly, trading those XAU pairs with z forex seems a bit nerve-wracking. There's a lot on the line. The smallest contract I can use is 0.10, but I was planning on going with 0.05. Plus, the spread they've got going on is a bit wider. So, I think I'll just stick with trading EURUSD. It's not only cheaper but also seems to move in sync with XAU, which gives me some hope that I can make something here.

September 26, 2023
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Reply from zForex

Hello dear trader,

Thank you for your valuable review! Your feedback is greatly appreciated.

Best Regards,
zForex Team

Rated 5 out of 5 stars

Balanced Approach

Balanced Approach

I've tried out all the different account types at z forex, and I've come to the conclusion that the
standard account suits me best. Here's why:
**No Commission, Slightly Higher Spread: The standard account doesn't charge any
commission, which is a big advantage for me. Although the spread is a bit wider at 0.7 pips,
I'm okay with that trade-off in exchange for avoiding commission fees.
**Lower Stop Out Level: What I really like about the standard account is its lower stop out
level of 30%. This means my positions won't be closed out too quickly even if the market goes
against me. It gives me more flexibility and reduces the chance of sudden losses.
**Balanced Features: The standard account feels like a middle ground between the other
options. It doesn't have the higher commission of the ECN account or the higher spread of the
swap-free account. This balance is important because it aligns well with how I manage my
trades.
In the end, my priority is to have a lower stop out level and avoid commission charges, even if
it means dealing with slightly wider spreads. The standard account seems like the best fit for
my trading style and the level of risk I'm comfortable with. While all the accounts have their
pros and cons, the standard one feels just right for me, offering a good mix of features that
suit my needs.

September 17, 2023
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Reply from zForex

Hello dear trader,

Thank you for your valuable review! Your feedback is greatly appreciated.

Best Regards,
zForex Team

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Rated 5 out of 5 stars

ECN ACCOUNT IS BETTER THAN FREE SWAP

I chose not to go for the swap-free account at Z forex because it was a bit pricier. The 0.7 Pips spread on Eurusd Seems okay, but they charge $10 per lot in commission just like the ECN Account makes more sense for me, It's cheaper overall and works better for my style of trading.

September 13, 2023
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Reply from zForex

Hello dear trader,

Thank you for your valuable review! Your feedback is greatly appreciated.

Best Regards,
zForex Team

Rated 5 out of 5 stars

low spreads on major

use 2 ea here and also set my vps to mt5, so the speed is now really great, can recommend to trade here
no problem so fast, fast withdrawal

September 10, 2023
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Reply from zForex

Hello dear trader,

Thank you for your valuable review! Your feedback is greatly appreciated.

Best Regards,
zForex Team

Rated 5 out of 5 stars

Interesting system with coins

Trading here about 5 months, no problem for now. There is inner system with coins which can be earned if you participate in competitions and for trading. Quite useful but I would like to get those coins and use as money =)

Site is quite complicated, there isn't live chat and not so much information about coins, trading conditions

September 4, 2023
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Reply from zForex

Hello dear trader,

Thank you for your valuable review! Your feedback is greatly appreciated.

Best Regards,
zForex Team

Rated 5 out of 5 stars

No monkey business

Kyc needed, it's a big con for me, nowadays there are many brokers with no kyc requirements. Here I need to upload documents.
There are also some pros like tight spreads and it's good for news trading (trading are signals on forexpeacearmy, recommend)

So overall it's a good one, recommend

August 30, 2023
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Reply from zForex

Hello dear trader,

Thank you for your valuable review! Your feedback is greatly appreciated.

Best Regards,
zForex Team

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Rated 5 out of 5 stars

Very good experience good broker…

Very good experience good broker statisfied

December 6, 2022
Unprompted review
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Reply from zForex

Hello dear Ahmed Malik,

Thank you for your valuable review! Your feedback is greatly appreciated.

Best Regards,
zForex Team

Rated 5 out of 5 stars

They are honest in their dealings

They are honest in their dealings, they are considerate and they respond to all your queries in time

I enjoy trading with ZForex due to their transparency, tight spreads, quick executions, fast withdrawals and consideration.

November 25, 2022
Unprompted review
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Reply from zForex

Hello dear Bhekani Masondo,

Thank you for your valuable review! Your feedback is greatly appreciated.

Best Regards,
zForex Team

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Rated 5 out of 5 stars

Good broker,

good broker,
they give you a withdrawable bonus promo to test your trading analysis skills
😆😆

November 16, 2022
Unprompted review
zForex logo

Reply from zForex

Hello dear Meka bloem,

Thank you for your valuable review! Your feedback is greatly appreciated.

Best Regards,
zForex Team

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