ZCOM_TRADE

About company:

Z.com Trade is a London subsidiary of the GMO CLICK Group.

 

The GMO CLICK Group was established in 2005 and is currently one of the largest suppliers in the online trading industry worldwide. The group includes GMO CLICK Securities Inc., GMO-Z.com Forex HK Limited, GMO-Z.com Bullion HK Limited, FX PRIME from GMO Corporation and GMO-Z.com Trade UK Limited. GMO CLICK Holdings, Inc., the parent company of the group, is listed on the Tokyo Stock Exchange (TYO: 7177) and is headquartered in Japan.

 

GMO-Z.com Trade UK Limited, which provides online trading services under the Z.com Trade brand, was established in 2012 and offers Forex, Indices and Commodities trading through the MT4 platform. It operates on an STP model and connects to global liquidity providers and top tier financial institutions.

 

Fund security

GMO-Z.com Trade UK Ltd., doing business as Z.com Trade, is authorized and regulated by the FCA.

 

All UK companies are required to abide by strict rules and procedures set by the UK Comptroller: they must keep all client money separate from the company's own funds; must report regularly to the FCA; must have tangible assets of at least 730,000 euros to prove financial stability.

 

In addition, perhaps most important in terms of the safety of investments in FCA-regulated companies is the Financial Services Compensation Scheme (FSCS). In case of bankruptcy of the broker, the trader will be refunded up to £ 50,000.

 

Trading conditions

The broker offers three types of accounts (Classic, ECN, ECN Pro), which work using the straight-through processing method, execution STP NDD.

 

Classic is for those who are used to trading without commissions. Spreads on currency pairs based - from 2 pips.

 

ECN for experienced traders. The account allows direct access to the market, a wider range of instruments and spreads from 0 pips.

 

ECN Pro for professionals who trade in large volumes, at the same time with lower costs and personal service.

 

Initial deposit

The minimum deposit to open a trading account with Z.com Trade is $ 50. This is considered a small amount in the industry as some brokers require over $ 200 or $ 500. However, those brokers who have a minimum deposit starting from $ 1 also work. You can familiarize yourself with the trading conditions of these companies in our rating.

 

You can become the owner of an ECN Pro account by depositing $ 10,000.

 

Average spreads and commissions

Z.com Trade offers fixed spreads of 2 pips on EUR / USD, which is a relatively high cost. However, clients use interest-free trading as the broker is rewarded through the spread.

 

Leverage

The maximum leverage rates on Z.com Trade are up to 1: 200. Such leverage is considered standard, although many other brokers offer higher leverage values: up to 1: 500 and even up to 1: 1000.

 

Trading platforms

When trading with Z.com Trade, traders have access to the popular MetaTrader 4 (MT4) terminal. You can trade on it from both PC and mobile devices.

 

MT4 is the choice of most experienced traders as it comes equipped with advanced charting tools, over 50 built-in indicators, a wide range of Expert Advisors (EAs) and an extensive testing environment. What's more, MT4 offers a fully customizable interface and is available in over 30 languages.

 

Z.com Trade is currently developing an internal trading platform called Z.com Trader.

 

Ways of payment

Z.com Trade customers can deposit and withdraw funds via wire transfer, credit and debit cards, and e-wallets: Boleto, Giropay, iDEAL, Moneta, POLi, Przelewy24, QIWI, Skrill, Sofort, Trustly, Webmoney, YandexMoney.

 

An account can be opened in one of the following currencies: USD, EUR, GBP.

 

Pros:

 

regulated broker; STP execution.

 

Minuses:

 

does not offer micro-lots for trading; does not offer Islamic accounts.