zForex Review

As a broker offering both the MT5 and cTrader platforms, zForex provides a notable choice for traders in 2025. This review offers a straightforward look at their services, focusing on their pricing structure, the platforms available, and the details of their regulatory status, all based on currently available information.

Live Spreads: Good Pricing for the ECN Account

A core expense in trading is the spread, which is the gap between the buy and sell quotes for an asset. zForex has different account options that affect this cost. Their Standard account is structured to have the trading cost built into the spread, while their ECN account is designed to offer tighter spreads, with a separate commission charged on each trade.

The table above shows live spread information for both of zForex's account types, sourced from real accounts and averaged over time. This lets you directly assess their costs against other popular brokers for major instruments like currency pairs and precious metals. It gives a clear picture of their pricing in live market conditions. You can use the orange 'Edit' button to compare different instruments or other brokers not currently displayed.

Regulation: Authorisation under Comoros MISA

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
Z Forex Capital Markets LLC	Comoros - KM MISA					1000 : 1

zForex, which operates under the name Z Forex Capital Markets LLC, holds its registration and regulation with the Mwali International Services Authority (MISA) in the Union of Comoros. It is useful for potential clients to recognise that Comoros is an offshore financial jurisdiction.

The regulatory requirements enforced by MISA differ from the standards applied by financial authorities in major centres like the UK, Australia, or the EU. These differences can relate to rules about the handling of client money, the enforcement of negative balance protection, and the availability of any government-backed compensation funds in the event a broker faces financial insolvency. Traders should be aware of these distinctions when selecting a broker.

Available Assets: Forex, Shares, Indices & Crypto

According to their website, zForex allows clients to trade across several key markets. Traders can go long and short on several foreign exchange pairs, popular stock market indices, a selection of top, individual company shares, bonds, and various digital currencies.

It's always recommended to confirm the complete list of tradable products directly with the broker. It is important to remember these instruments are generally offered as CFDs (Contracts for Difference), which means you are speculating on price changes using leverage, a method that involves financial risk.

Live Swap Rates: Swap-Free Accounts Available

When you hold a trading position open from one day to the next, your broker will typically apply a swap fee, also known as a rollover or financing cost. These are daily adjustments, which can be either charges or credits to your account, based on the instrument and whether you are buying or selling. zForex also makes a "Swap-Free" account option available, often used by traders whose strategies or beliefs do not align with paying or earning swap interest.

The table above displays zForex's live swap rates, enabling a comparison of their overnight costs against other brokers. As is typical, a triple swap adjustment is usually made mid-week (often on Wednesday) to cover financing over the weekend. You can also use the orange 'Edit' button to adjust the comparison for other symbols and brokers.

Trading Platforms: Access to MT5 and cTrader

A key advantage for zForex is that they provide clients with a choice of two well-respected trading platforms: MetaTrader 5 (MT5) and cTrader. Both are available as desktop applications and mobile apps, giving traders flexibility to choose based on their preferred style of analysis and execution.

Deposits/Withdrawals: Emphasis on Crypto & E-Wallets

zForex appears well prepared for modern payment solutions. They list funding options that include credit cards, a variety of major cryptocurrencies like Bitcoin and Tether, several e-wallets such as FasaPay and SticPay, and also local payment systems like PromptPay for clients in Thailand.

While zForex themselves may not apply fees, it is important to remember that third-party providers often have their own charges. Your bank might charge a fee for a bank wire transfer, and sending crypto will incur a *cryptocurrency network fee. Or the e-wallet service you use may have transaction fees. It's always best practice to check all details on the official zForex website before funding your account.

Leverage: Up to 1:1000 Available

Operating under its Comoros MISA licence allows zForex to make high leverage available to its clients, up to a level of 1:1000. This enables traders to control larger positions with a smaller amount of initial capital. With that said, higher leverage also amplifies market exposure and requires careful risk management from the trader.

zForex Profile

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread

The zForex profile on RebateKingFX contains the key operational details available. This includes their company name (Z Forex Capital Market LLC), their listed headquarters in Bulgaria, the main account currency (USD), the languages they support, and the different funding options that focus on crypto and e-wallets. You can also see the types of financial instruments they list for trading.

Promotions: Information on Bonus Offers

On their website, zForex mentions promotional offers like a 20% bonus and a 30% bonus. As is the case with any broker promotion, it is very important to read the complete terms and conditions. Ensure you fully understand the rules regarding required trading volume or any restrictions on withdrawing the bonus funds before you decide to opt in. For current details, check the promotions section on the official zForex website.