zForex Review
- Live accounts tested
- Offers MT5 and cTrader platforms
- Accepts deposits in crypto
For traders evaluating their options, zForex presents itself as a broker that provides a choice between the MT5 and cTrader platforms, a notable feature. This zForex 2025 review will cover what is known about their account offerings, fee structure, and the specifics of their regulatory position, using the information currently available.
Live Spreads: Competitive ECN Pricing
A primary expense for traders is the spread, which is the difference between the buying and selling price of an asset. zForex offers a couple of account choices that handle this cost differently: their Standard account, where costs are built into the spread, and an ECN account, which is designed with lower spreads but includes a commission on each trade.
The table above presents live spread information for both of zForex's account structures, sourced from real accounts and averaged over a period. This allows for a direct comparison of their costs against other popular brokers for major instruments like currency pairs and precious metals, giving a clear view of their pricing in live market scenarios. The orange 'Edit' button can be used if you wish to compare different instruments or brokers not currently listed.
Regulation: Operating with a Comoros MISA License
| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
| Z Forex Capital Markets LLC |
|
|
|
|
1000 : 1 |
zForex, which functions under the name Z Forex Capital Markets LLC, is registered and holds its regulation with the Mwali International Services Authority (MISA) in the Union of Comoros. It is useful for potential clients to be aware that Comoros is an offshore financial jurisdiction.
The regulatory standards upheld by MISA are different from those enforced by financial authorities in major global centres such as the UK (FCA), Australia (ASIC), or Cyprus (CySEC). These differences can pertain to regulations concerning the segregation of client funds, the mandatory provision of negative balance protection, and the existence of any state-backed compensation schemes should a broker face insolvency. Traders should take these distinctions into account when selecting a broker.
Available Assets: Access to Forex, Indices, Shares & Crypto
Based on their website, zForex provides clients with access to several key financial markets. This includes forex pairs, popular stock market indices, a selection of individual company shares, bonds, and a variety of cryptocurrencies.
It is always a good practice to confirm the complete list of available trading products directly with the broker. It's important to be aware that these instruments are generally offered as CFDs (Contracts for Difference), meaning you speculate on price movements with the use of leverage, a method which involves a degree of financial risk.
Live Swap Rates: Swap-Free Account Offered
When you maintain a trading position open from one day to the next, your broker typically applies a swap fee, also known as a rollover or financing charge. These are daily adjustments, which can be either debits or credits to your trading account, based on the instrument and whether you hold a long or short position. zForex provides a swap-free account option, which is often utilised by traders who adhere to Sharia principles.
The table above illustrates zForex's live swap rates, allowing a comparison of their overnight holding costs against other brokers. As is standard practice, a triple swap adjustment is usually made during the middle of the week (often on Wednesday) to account for the weekend. You can also use the orange 'Edit' button to modify the comparison for other symbols and other brokers.
Trading Platforms: Offering Both MT5 and cTrader
| Software | Main Advantages | Important Considerations |
|---|---|---|
| MetaTrader 5 (MT5) |
|
|
| cTrader |
|
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| Mobile Applications (MT5 / cTrader) |
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|
A significant benefit for zForex is their provision of two respected trading platforms: MetaTrader 5 (MT5) and cTrader. Both are available as desktop programs and mobile applications, which gives traders valuable flexibility to select the software that best suits their individual trading style and analytical preferences.
Deposits/Withdrawals: Focus on Crypto & E-Wallet Solutions
| Funding Option | Typical Deposit Speed | Fee Stated by zForex | Primary Base Currency |
|---|---|---|---|
| Credit & Debit Card | Instant | Not Specified | USD (or converted) |
| Digital Currencies (BTC, ETH, LTC, USDT) | Network Dependent | Not Specified* | Crypto (converted to USD) |
| FasaPay E-Wallet | Instant | Not Specified | USD |
| SticPay E-Wallet | Instant | Not Specified | USD |
| Jeton Wallet | Instant | Not Specified | USD |
| Promptpay (Thai Payment) | Instant | Not Specified | USD (from local currency) |
zForex appears to be well-suited for modern payment solutions. They list several funding methods, including credit cards, a variety of major cryptocurrencies such as Bitcoin and Tether, a range of e-wallets like FasaPay and SticPay, and also local payment systems such as PromptPay for clients in Thailand.
Although zForex may not apply its own fees, it's important to remember that third-party providers often have their own charges. Your credit card company, the *cryptocurrency network, or the e-wallet service itself might have its own transaction fees. It's always a good idea to check all the details on the official zForex website before you make a deposit.
Leverage: Up to 1:1000
By operating under its Comoros MISA licence, zForex can provide higher leverage options to its clients, with a maximum level of up to 1:1000. This ratio enables traders to manage larger market positions with a smaller amount of initial capital. That said, higher leverage also amplifies market exposure and requires that the trader employ careful risk management.
zForex Profile
| Company Name | Z Forex Capital Market LLC |
| Categories | Forex Brokers, Cryptocurrency Brokers, Forex Rebates, Cryptocurrency Rebates |
| Primary Category | Forex Brokers |
| Headquarters | Bulgaria |
| Office Locations | Bulgaria |
| Account Currency | USD |
| Support Languages | Arabic, Chinese, English, Hindi, Indonesian, Russian, Spanish, Persian |
| Funding Methods | Bitcoin, Credit Card, FasaPay, Litecoin, SticPay, Ethereum, Tether (USDT), Jeton Wallet, Promptpay |
| Financial Instruments | Forex, Shares, Indices, Bonds, Cryptocurrencies |
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 Cashbackforex.com lists the key available operational details. This includes their company name (Z Forex Capital Market LLC), their listed headquarters in Bulgaria, the primary account currency (USD), the languages they offer support in, and the different funding methods that emphasise crypto and e-wallets. You can also see the categories of financial instruments they offer.
Promotions: Details on Bonus Programmes
On its website, zForex notes the availability of promotional offers such as a 20% bonus and a 30% bonus. As with any broker incentive, it is very important to read all the associated rules. Make sure you understand the terms and conditions, for example, any required trading volume or rules about withdrawing bonus funds, before you choose to participate. For up-to-date details, check the promotions page on the official zForex website.
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