ZBFOREX

Read reviews

Advantages:

Not found

Disadvantages:

Not found

About company:

ZBFOREX is a broker offering trading in more than 200 instruments: currency, spot metals, stocks and futures.

ZBFOREX serves retail and institutional clients in over 180 countries in Europe, Asia, the Middle East, Africa and Latin America.

The broker is regulated by the International Financial Services Commission of Belize (No: IFSC / 60/351 / FX / 15)

The company has offices in Belize, USA (New York, Colorado, Los Angeles), New Zealand, South Korea, China, and the Philippines.

IFSC's requirements for regulated brokers are not stringent. Companies must have at least $ 100,000 in a local bank while the license is in effect. The entire registration procedure will cost the company a little over $ 13,000. So far, no case of penalties for brokers for breaking the rules is known. Perhaps this is due to the small number of licensed companies in this offshore zone.

Despite rather liberal control, the broker claims to keep clients' funds in segregated accounts.

We advise you to think carefully if you are going to invest a large amount of money. It may be worth finding a company with stricter regulation, which is part of the investor compensation program, this guarantees a refund in the event of a broker's insolvency.

Trading conditions

The broker offers only one type of account. A demo account is available for beginners.

The broker's liquidity providers are major world banks UBS, BOA, Citibank and others.

Leverage

The available leverage in the company reaches 1: 500. This is considered a high value, although many brokers offer leverage up to 1: 1000, but at the same time there are companies offering 1:50.

Minimum deposit

To open an account with the company, you need to deposit $ 100. This is not the best deal. For example, InstaForex offers trading from $ 1. However, this is considered a small initial deposit.

Spreads

ZBFOREX claims to offer its clients the best trading spreads: no slippage, no dealer intervention, instant order execution.

Spreads start at 0.3 pips.

Trading platforms

Trading is offered on the MetaTrader 4 platform. It is the industry leader in online trading and provides users with all the tools they need to work in the international financial markets. MT4 provides tools and resources that enable traders to analyze prices, place and manage trades, and use automated trading techniques.

Bonuses

ZBFOREX gives its traders the opportunity to receive a bonus commensurate with the minimum deposit - $ 100. The trading bonus is provided exclusively for trading with ZB Trading and is not available for withdrawal.

Support service

You can contact the support specialists by phone, e-mail and using the feedback form. Support phones are offered for the following countries: Belize, South Korea, New Zealand, Philippines, China.

The support service works 24/7.

In addition, the broker has posted answers to common questions from traders.

Ways of payment

Traders can choose from various payment methods: bank transfers, credit cards, electronic payment systems BILDPAY and Neteller. We were disappointed that so few e-wallets are available.

Trading is available in USD currency.

Pros:

regulated broker; MT4 is available.

Minuses:

offshore broker; not enough information about trading conditions is presented on the website.

FAQ - BROKER QUESTIONS ZBFOREX

Do trader reviews affect the rating of ZBFOREX?
Any review can raise or lower the company's rating. To read the reviews, go to the forex or binary brokers rating and select the broker you are interested in.
How to leave a review about ZBFOREX on the ita.promo website?
To leave a review about the broker, scroll down the page, enter a valid email and your review with an overall rating. Reviews are moderated and tracked by the number of comments left from one IP or email. The site's technical support may request real documents proving that the user was or is a client of the broker. This rule applies to both negative and positive reviews. We want our portal to be honest and independent.
Can the broker ZBFOREX be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. ZBFOREX received a rating of 1 out of 5 on our resource.