Opening an online trading account helps you make the most of your savings by choosing an account type that fits your trading goals, guiding you to make smart and strategic trades.
zForex offers access to a collection of educational resources designed to keep you up to date and help you develop effective strategies for your trading goals and continuously improve as an investor.
Opening an account with us is easy. Just enter your details on Create Account, upload one government photo ID (e.g. passport, driver's licence) and a recent proof of address (utility bill or bank statement) that matches your application, and you should be all set to be approved by our accounts team.
To verify your account, you will need to provide valid identity documents. Acceptable options include a national identity card with a photo, a valid passport, or a driving license. For identity verification, you can submit a selfie with your chosen ID document. As for address verification, acceptable documents include utility bills like electricity, gas, or telephone bills. These documents should clearly display your name and address. By providing these necessary documents, you can successfully complete the verification process for your account.
The minimum deposit amount is $10. However, the specific amount may vary depending on the payment method you choose. We offer three types of accounts: ECN Account: Minimum deposit of $10. STD Account: Minimum deposit of $1000. Swap-Free Account: Minimum deposit of $2500.
We are dedicated to delivering the best service to our clients, and to achieve that, we provide a variety of payment methods. Currently, we offer the following payment options, and we are continuously working to expand our services: STICPAY, Bitcoin, Tether, Ethereum, and Litecoin.
Provide your registration email address, and then click on 'Forgot Password'. An email containing a restoration link will be sent to you. Follow this link, enter a new password twice, and click the 'Submit' button. You can then use your email address and the new password to log in or get in touch with our support team for assistance.
The forex market operates 24 hours a day, starting from Sunday 5:00 PM EST and continuing until Friday 5:00 PM EST. The trading day begins in Sydney and then progresses around the globe as each financial center's business day starts, moving to Tokyo, London, and finally, New York. This continuous trading cycle allows investors to react to currency fluctuations caused by economic, social, and political events as they happen, regardless of the time, whether it is day or night. Unlike other financial markets, the forex market provides the flexibility for traders to engage in currency trading at any hour.
Spread rates can widen or narrow accordingly as market conditions fluctuate. At zForex, we aim to provide our clients with competitive spreads for a better trading experience.
Here are the spread rates for each account type:
ECN Account: Starting from 0 pips,
STD Account: Starting from 0.5 pips,
Swap-Free Account: Starting from 0.7 pips.
We offer a variety of account options that include ECN, Standard, and VIP, each designed to meet different trading needs. These account types are available for spot markets, which include commodities like gold and oil, currency pairs such as EURUSD and GBPUSD, and indices.
There are no restrictions on the maximum number of lots that can be held for a specific symbol.
Deposits are free of charge, allowing you to fund your account without incurring any additional costs. For withdrawals, there is a nominal fee of 1%, which is applicable to facilitate the smooth processing of your transaction.
We provide the MT5 trading platform for our traders.
Yes, you can engage in EA (Expert Advisor) trading on our platform.
Currently, our execution speed stands at approximately 250 milliseconds. This responsive execution time contributes to efficient trade execution, helping you make timely and informed decisions.