Global Broker Regulation Inquiry App
WikiFX
No Regulation
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/10
Z Forex
Bulgaria
|
2-5 years
|
ECN Account
Suspicious Regulatory License
|
White label MT5
|
High potential risk
https://zforex.com/
Website
Rating Index
MT4/5 Identification
MT4/5
White Label
ZForexcapitalmarket-Server
Netherlands
5
Influence
B
Influence index NO.1
United States 3.33MT4/5 Identification
MT4/5 Identification
White Label
5
Server Name
ZForexcapitalmarket-Server MT5
Server Location Netherlands
NetherlandsInfluence
Influence
B
Influence index NO.1
United States 3.33Surpassed 19.60% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+44 744 147 7121
info@zforex.com
https://zforex.com/
Sofia, Olimpiyska str., SiteGround, Sofia Park, fl. 4, No: 2, post code: 1756, Bulgaria
Licenses
No valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
2025-10-29
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic Information
Registered Region Bulgaria
BulgariaOperating Period
2-5 years
Company Name
Z Forex Capital Market LLC
Customer Service Email Address
info@zforex.com
Contact Number
+447441477121
Company Website
58
Account
Related Software
Biz Area
Website
Genealogy
Relevant Enterprises
Company Summary
News
Wiki Q&A
Comment
Account
Environment
--
Currency
--
Maximum Leverage
1:1000
SupportedEA
Minimum Deposit
$10
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum Position
0.01
Commission
$7 Forex, $15 Metals
Products
--
Updated：
2025-10-29
MT4/5
White Label MT5
0
MT4 Servers
1
MT5 Servers
155.20
Average execution speed/ms
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
Meta Trader 5
Perfect
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Official website
Website
zglobaltrade.com104.21.89.108
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Genealogy
VIP is not activated.Open Now
Relevant Enterprises
Z Forex Capital Market LLC
Active
Saint Vincent and the Grenadines
Registration No. 2145
Established 2022-04-28
Related sources Website Announcement
Company Summary
| Z Forex Review Summary | |
| Founded | 2006 |
| Registered Country/Region | Bulgaria |
| Regulation | Unregulated |
| Market Instruments | Forex, Stocks, Indiices, Commodities, Metals, |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0 pips |
| Trading Platform | cTrader, MT5 |
| Minimum Deposit | $10 |
| Customer Support | Live Chat, Contact Form |
| Phone: +44 744 147 7121, | |
| Email: info@zforex.com | |
| Company Address: Sofia, Olimpiyska str., SiteGround, Sofia Park, fl. 4, No: 2, post code: 1756, Bulgaria | |
| Social Media: Telegram, Twitter, YouTube, WhatsApp, Instagram | |
| Regional Restriction | Democratic People's Republic of Korea, Iran, Myanmar, United States of America, Turkey |
Z Forex Information
Registered in 2006, Z Forex is an unregulated online broker based in Bulgaria, offering trading in market instruments such as forex, metals, indices, commodities, and stocks. With a minimum deposit of $10, Z Forex offers one demo account and three types of live accounts. The leverage is up to 1:1000 on this platform. Z Forex does not accept clients from the Democratic People's Republic of Korea, Iran, Myanmar, the United States of America, or Turkey.
Pros and Cons
| Pros | Cons |
| Three account types | Commission charged |
| MT5 supported | No regulation |
| Multiple contact channels | Regional Restrictions |
| Low minimum deposit requirement | |
| Demo accounts available | |
| Various payment methods |
Is Z Forex Legit?
Z Forex has not been regulated, which means activities on this platform are operated without regulatory oversight.
What Can I Trade on Z Forex?
Traders on Z Forex get access to tradable instruments, including forex, stocks, indices, commodities, and metals.
| Trading Asset | Available |
| forex | ✔ |
| metals | ✔ |
| commodities | ✔ |
| indices | ✔ |
| stocks | ✔ |
| cryptocurrencies | ❌ |
| bonds | ❌ |
| options | ❌ |
| funds | ❌ |
| ETFs | ❌ |
Account Type
Z Forex offers a demo account for traders to test this platform without risking real money.
Apart from the demo account, ZForex offers three types of live accounts: Standard, ECN, and Swap Free (Islamic).
| Trading Platform | Standard | ECN | Swap Free |
| Minimum Deposit | $10 | $10 | $2,500 |
| Maximum Leverage | 1:1000 | 1:500 | |
| Commission | $0 | $7 Forex, $15 Metals | $10 Forex, $15 Metals |
| Spread | 1.2 pips | from 0 pips | 0.7 pips |
| Minimum Trade | 0.01 lot | ||
| Margin Call | 100% | ||
| Stop Out | 30% | ||
Leverage
This platform offers leverage up to 1:1000. However, higher leverage significantly increases risk exposure. Traders should exercise caution.
ZForex also offers dynamic leverage, which is a feature that automatically adjusts traders' maximum leverage based on their account equity. zForex claims to employ transparent equity tiers to set your maximum leverage. The table below outlines how leverage adjusts automatically based on traders' account equity:
| Account Equity | Maximum Leverage |
| $0 – 999 | 1:1000 |
| $1,000 – 2,499 | 1:800 |
| $1,500 – 7,999 | 1:500 |
| $8,000 – 19,000 | 1:400 |
| $20,000 – 39,999 | 1:300 |
| $40,000 – 74 999 | 1:200 |
| $75,000 and above | 1:100 |
Z Forex Fees
Z Forex provides distinct spreads for each account: For the Standard account, the spread is 1.2 pips; for the ECN account, the spread can be as low as 0 pips; when it comes to the Swap Free account, it's 0.7 pips.
In terms of commission, Z Forex charges 0 commission for Standard accounts. However, when it comes to ECN account users, Z Forex does charge $7 for forex trading and $15 for metals trading. For Swap Free account users, the commission is $10 for forex trading, $15 for metal trading.
| Trading Platform | Standard | ECN | Swap Free |
| Maximum Leverage | 1:1000 | 1:500 | |
| Commission | $0 | $7 Forex, $15 Metals | $10 Forex, $15 Metals |
Trading Platform
Z Forex provides access to two popular trading platforms for traders to choose from: cTrader and MT5.
- cTrader: A popular multi-asset trading platform developed by Spotware, designed primarily for forex and CFD trading.
- MT5: The successor to MT4, developed by MetaQuotes, is a widely used platform for trading forex, stocks, commodities, indices, and cryptocurrencies.
| Trading Platform | Supported | Available Devices | Suitable for |
| cTrader | ✔ | Desktop, Mobile, Web | / |
| MT5 | ✔ | Desktop, Mobile, Web | Experienced traders |
| MT4 | ❌ | Desktop, Mobile, Web | Beginners |
Deposit and Withdrawal
Credit Card, Wire Transfer, e-Wallets, and Crypto are available payment types on Z Forex, each has distinct methods and conditions.
| Payment Types | Methods |
| Credit Card | Visa, MasterCard |
| Wire Transfer | Help2Pay, Payment Asia, Transact 365 |
| e-Wallets | SticPay, Jeton, Fasapay, MOMO, Promptpay, True Money, Duitnow |
| Crypto | Bitcoin, Ethereum, Litecoin, Tether (TRC20), Tether (ERC20), USD Coin |
Deposit Options
| Deposit Options | Minimum Deposit | Deposit Fees | Deposit Time |
| Credit Card | $10 | 0 | Instant |
| Wire Transfer | Same Day | ||
| e-Wallets | Within 1 working day | ||
| Cryptos |
Withdrawal Options:
| Withdrawal Options | Minimum Withdrawal | Withdrawal Fees | Withdrawal Time |
| Credit Card | $10 | 4.2+$1 | Instant |
| Wire Transfer | 1.5% | Same Day | |
| e-Wallets | 1.5% | Within 1 working day | |
| SticPay: 2.5+$0.3 | |||
| Jeton: $1+0.5 | |||
| Fasapay: 0.5% | |||
| Cryptos | Network Fee |
Keywords
- 2-5 years
- Suspicious Regulatory License
- White label MT5
- High potential risk
News
Exposure ZForex Review Alert: 5 Red Flags About Its Regulation, Leverage & Withdrawal
ZForex Capital Market LLC (zforex.com) claims to be regulated by the Mwali International Services Authority (MISA), holding Brokerage License number T2023321. However, this level of regulation is not considered as reliable or secure as that provided by top-tier regulatory bodies such as the FCA (UK), ASIC (Australia), or SEBI (India). Therefore, traders are advised to exercise caution due to the weaker regulatory oversight.
2025-09-25 17:32
Exposure WikiFX Review: Is it okay to invest in Z Forex
This article is about to give you a comprehensive understanding of a broker called Z Forex. We analyze this broker based on various aspects, and you should not miss it.
2023-10-23 17:37
Wiki Q&A
WoodCrusher 
1-2 years
What trading platforms can I use on Z Forex?
Z Forex offers cTrader and MT5, both of which are well-known platforms. I prefer MT5 for its advanced charting and analysis tools, and it suits my trading style well. cTrader, on the other hand, is ideal for forex and CFD traders who need a streamlined interface. I’m happy to have both options available.
Broker Issues
Platform
Leverage
Account
Instruments
08-13
United States
WoodCrusher
1-2 years
What’s my take on Z Forex’s fees?
Z Forex offers competitive fees depending on the account type. The Standard account has no commissions, but the spread is a bit higher at 1.2 pips. The ECN account, on the other hand, has a spread from 0 pips but charges commissions for both forex and metals trades. I think for traders like me, it’s about finding the right balance between the spread and commission that suits my trading style.
Broker Issues
Fees and Spreads
08-10
United States
qirhost
1-2 years
How do I feel about Z Forex’s regulation?
Z Forex is unregulated, which honestly gives me some concerns. As a trader, I prioritize security, and when there’s no official oversight, I feel more exposed to risk. Sure, Z Forex has been around since 2006, but I would rather trade with a broker that has a strong regulatory framework backing it.
Broker Issues
Regulation
07-25
United States
Sergey5
1-2 years
How does the unregulated status affect my view of Z Forex?
The unregulated status is a big deal for me. While the platform provides access to decent trading instruments, I’d feel more comfortable with a regulated broker where my funds are better protected. It’s a gamble, in my opinion. I’d make sure to carefully read through a Z Forex review before taking any action.
Broker Issues
Regulation
07-12
United States
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User Reviews 58
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FX3092516162
Hong Kong
They deducted all my withdrawals, a total of $3200, this is a black platform
Exposure
06-16
hansamuhito
Indonesia
My withdrawal has been on hold by ZForex since October 23, 2024, without any given reason. Previously, ZForex accused me of abuse, but they provided no proof. This is just an excuse not to pay out the profits. Be careful, this broker is a scam.
Exposure
2024-11-09
MuhammadSadiq
Pakistan
This is new form of scam, i am writing that they removed my deposit and bonus to liquidate my positions, they are worst scammers
Exposure
2024-08-27
Secondo
Germany
good so far. fast withdrawals. no complaints for now. idk if i could hold here more than 5k..
Positive
08-24
RupertFX
Italy
I've traded indices like the NASDAQ with zForex reliable broker
Positive
01-26
JimAdams
Malaysia
If I were to summarize my overall positive experience: great trading conditions. the leverage up to 1:1000 low minimum deposit the mt5 platform is easy to navigate
Positive
01-25
Benedikt
Italy
I focus on EUR/USD, and gold. I can say that spreads on zForex are generally low. Floating but never too high
Positive
01-23
Elwin7143
Italy
Withdrawals are processed quickly. I tried 3 or 4 withdrawals, I don't remember how much in each but they processed all within few hours, doesn't matter small or bigger amount
Positive
2024-12-28
Alex Maier
Germany
supports crypto and debit card payments Honestly I didn’t have any higher expectations, but I can say it completely meets my needs... I’ll update my experiences
Neutral
2024-12-15
Leonardo34
United Kingdom
$10 needed to get started MT5 available tight spreads swap free account! -What more could I ask for
Positive
2024-12-01
ChristopheS
Norway
my withdrawal experience with zForex has been positive—funds are processed quickly, which is important for maintaining confidence in a broker.
Positive
2024-11-26
Theodore-Roger
United Kingdom
ECN account has low fees. recommend that broker.
Positive
2024-11-21
Friedrich
Spain
If you're comfortable with high leverage and understand the associated risks zFx provides the tools you need
Positive
2024-11-13
Silvano
Spain
Great platform, fast withdrawals, reliable support thx
Positive
2024-10-04
Klemens884
Norway
Customer service at ZForex has been quick to respond to my inquiries. The platform is stable, and I’ve had no major issues. The spreads are competitive, making it a reliable choice.
Positive
2024-09-24
julesguillon
United Kingdom
Depositing funds into my ZForex account was instant, which was a plus. I used USDT and everything went smoothly. The withdrawal took about 1 day which is really fast. The platform itself is fantastic and the spreads are competitive. Had a minor issue with the bonus, but support helped me sort it out quickly ;))
Positive
2024-09-22
Malachi
Spain
Good customer service. The 30% bonus was a nice addition, but there are some conditions required
Positive
2024-09-20
WarrenP
Spain
good broker with tight spreads and fast execution. I had a minor issue with the bonus system but support was helpful and quickly resolved the issue. It was better than I expected, thank you
Positive
2024-09-08
Kristofer
United Kingdom
Customer support was very helpful when I needed help, I want to thank them for it.
Positive
2024-08-16
Denis Lagarde
Spain
The market analysis offered in the zForex website is really helpful. I can keep track of the certain assets thanks to this section.
Positive
2024-08-11