Overall Rating: ★★★☆☆ (3.2/5.0)

ZForex is a globally active forex and CFD broker offering access to a broad range of asset classes including currencies, stocks, commodities, indices, and cryptocurrencies. Regulated by the Mwali International Services Authority (MISA) and registered in Saint Vincent and the Grenadines, ZForex targets traders worldwide with flexible account types, high leverage, and a choice of leading platforms such as MetaTrader 5 and cTrader. This ZForex review evaluates the broker’s key features, trading conditions, and regulatory setup to help you assess whether it’s a suitable choice for your trading needs.

Broker Overview

ZForex positions itself as a broker combining tailored financial solutions with advanced technology. While it holds offshore regulatory status with MISA and operates from Saint Vincent and the Grenadines, it is not regulated by Tier-1 bodies like the FCA (UK) or ASIC (Australia). Nevertheless, ZForex offers real-time trade execution, multilingual support, and a wide array of trading instruments, making it accessible to beginner and intermediate traders alike.

The broker serves clients in over nine languages and offers customer service five days a week, focusing on accessibility, ease of entry, and modern trading infrastructure.

Key Features of ZForex

• Regulated by Mwali International Services Authority (MISA)
• Registered in Saint Vincent and the Grenadines
• Leverage up to 1:1000
• Platforms: MetaTrader 5, cTrader, and WebTrader
• Copy trading functionality via cTrader
• Multilingual support in 9+ languages
• Instant deposits and 24-hour withdrawals
• Market coverage across forex, stocks, indices, commodities, and crypto
• Educational tools and daily/weekly market insights
• Bonus programmes for new and existing clients

Account Types Offered by ZForex

ZForex offers three distinct account types to accommodate a range of trading preferences and religious requirements:

Standard Trading Account

• Minimum Deposit: $10
• Spread: From 1.2 pips
• Commission: $0
• Maximum Leverage: 1:1000
• Swap-Free: No

ECN Trading Account

• Minimum Deposit: $10
• Spread: As low as 0.0 pips
• Commission: $10 (Forex), $15 (Metals)
• Maximum Leverage: 1:1000
• Swap-Free: No

Swap-Free Trading Account

• Minimum Deposit: $2,500
• Spread: From 0.7 pips
• Commission: $10 (Forex), $15 (Metals)
• Maximum Leverage: 1:1000
• Swap-Free: Yes (Islamic account option)

These accounts support a minimum trade size of 0.01 lots and enforce margin call/stop-out levels at 100% and 30%–50%, depending on the account type.

Trading Platforms and Tools

ZForex supports two industry-standard trading platforms:

• MetaTrader 5 (MT5)
• cTrader

Both platforms are accessible via desktop, mobile apps, and WebTrader interfaces, offering:

• Advanced charting with over 80 indicators
• One-click trading
• Algorithmic trading via Expert Advisors (MT5)
• Copy trading functionality (cTrader)
• Real-time economic calendar and news feeds

Traders can also receive market notifications and trade alerts, making the platform suite suitable for discretionary, algorithmic, and copy traders.

Regulation and Security

ZForex is regulated by the Mwali International Services Authority (MISA) and registered in Saint Vincent and the Grenadines. While MISA offers basic regulatory oversight, it is not considered a top-tier financial regulator. This means the broker may not offer the same level of client protection as brokers licensed in the UK, EU, or Australia.

Despite its offshore status, ZForex provides:

• Segregated client funds
• Secure SSL-encrypted transactions
• Fast withdrawals within 24 hours

However, it does not participate in investor compensation schemes such as the FSCS or ICF.

Fees and Spreads

ZForex’s pricing structure depends on the account type:

• Standard Account: No commission, spreads from 1.2 pips
• ECN Account: Spreads from 0.0 pips + commission
• Swap-Free Account: Spreads from 0.7 pips + commission

Other fees:

• No deposit or withdrawal charges
• No hidden fees or inactivity fees advertised
• Overnight swap fees apply (unless using the swap-free account)

Compared to regulated brokers like Intertrader or AvaTrade, ZForex remains competitive in terms of raw spread pricing but lacks transparency in terms of execution model and liquidity providers.

Deposit and Withdrawal Options

ZForex supports a wide range of deposit and withdrawal methods:

Accepted Payment Methods:

• Credit/Debit Cards: Visa, Mastercard
• Bank Transfers: Help2Pay, Transact365
• E-wallets: SticPay, Jeton, FasaPay, MOMO, Duitnow
• Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Tether (TRC20/ ERC20), USD Coin

Conditions:

• Minimum transaction: $10
• Processing time: Instant to 24 hours
• Internal fees: None

This diversity makes funding accounts accessible for traders across Asia, Africa, and the Middle East.

Customer Support

ZForex provides multilingual support via:

• Email
• Live Chat
• Phone support

Support is available 24/5, and the team offers assistance in over 9 languages including English, Arabic, French, Chinese, Hindi, Spanish, Russian, Indonesian, and Persian.

Educational Resources

ZForex offers a well-rounded suite of educational content and trading support tools:

• Daily Technical Analysis
• Weekly Market Outlooks
• Real-Time Market News
• Trade Ideas and Alerts
• Beginner learning materials

While the content is largely text-based, it provides meaningful insight into market trends and trading strategies for both beginners and intermediate traders.

Pros and Cons of ZForex

Pros:

• Supports MT5 and cTrader platforms
• High leverage up to 1:1000
• Wide range of deposit options including crypto
• Copy trading functionality
• Multilingual customer support

Cons:

• Regulated offshore (MISA), not Tier-1
• No investor compensation scheme
• Higher deposit required for swap-free accounts
• No MetaTrader 4 support

Who Should Choose ZForex?

ZForex may suit beginner to intermediate traders looking for:

• Access to multiple markets
• Flexible leverage
• Crypto deposit options
• Popular trading platforms like MT5 and cTrader

However, serious or institutional traders seeking Tier-1 regulation and deeper liquidity may prefer more established brokers like Intertrader, AvaTrade, or Vantage.

Conclusion

ZForex is a competitive offshore broker offering global traders access to a wide variety of instruments, modern trading platforms, and generous leverage. Its flexible account types, copy trading options, and cryptocurrency funding make it attractive for high-risk retail traders. That said, the lack of top-tier regulatory oversight and absence of compensation schemes warrant careful risk management. For those prioritising tools and affordability over regulatory protection, ZForex may offer a compelling proposition.