Z Forex Is A Forex And CFD Broker Incorporated In Saint Vincent And The Grenadines On April 28, 2022. It Mainly Provides Traders With Financial Trading Services Such As Forex, Commodities, CFDs, Etc. Z Forex Does Not Accept Clients From Turkey, The United States And Europe.
Corporate Background And Regulatory Status:
The Corporate Entity Of Z Forex Registered In Saint Vincent And The Grenadines Is Z Forex Capital Market LLC With A Registered Address Of Euro House Richmond Hill Road, PO Box 2897, Kingstown, VC0100 St. Vincent And The Grenadines. Corporate Registration Number Is 2145. However, The Saint Vincent And The Grenadines Financial Services Authority (SVGFSA) Only Regulates Business Activities Such As Banking, Insurance Or Mutual Funds. It Does Not Regulate Foreign Exchange Margin Trading Activities And Does Not Issue Foreign Exchange Licenses. Therefore, The Foreign Exchange Trading And Brokerage Business Operated By Z Forex Capital Market LLC Is In An Unregulated State. In Addition, Z Forex Capital Market LLC Is Authorized And Regulated By The MWALI International Services Authority. The Authorization Period Is July 7, 2023, And The License Number Is T2023321. The MWALI International Services Authority Has No Clear Regulatory Regulations And Standards, No Effective Complaint And Dispute Resolution Mechanism, And No Cooperation And Coordination Relationship With Financial Regulators In Other Countries Or Regions. Its Supervision Is Extremely Weak And There Is Little Supervision.
To Open An Account:
Z Forex Needs To Register An Account On Its Official Website And Log In. After Logging In, Fill In The Personal Information, And Then Send The Identity Verification Document: ID Card/driver's License/passport, And The Address Verification Document: Electricity/gas/phone Bill Or Bank Statement To The Email [email protected] For Account Activation.
Account Type:
Z Forex Offers Users Three Different Types Of Trading Accounts: ECN, STD, SWAP FREE. The Minimum Trading Volume Of These Three Accounts Is 0.01 Lots, And The Maximum Trading Leverage Is 1:1000.
The Difference Is:
- ECN Account Minimum Deposit Is $10, Forex Trading Is Charged $10 Commission Per Standard Lot, Metal Trading Is Charged $15 Commission Per Standard Lot, Spread From 0 Pips, Add Level Is 100%, Stop Loss Level Is 20%, No Swap.
- STD Account Minimum Deposit Is $1000, No Trading Commission Is Charged, Spread From 0.5 Pips, Add Level Is 100%, Stop Loss Level Is 30%, No Swap.
- The Minimum Deposit Amount Of SWAP FREE Account Is $2500. Forex Trading Is Charged $10 Commission Per Standard Lot. Metal Trading Is Charged $15 Commission Per Standard Lot. Spreads Start From 0.7 Points. The Addition Level Is 100%. The Stop Loss Level Is 50%. Swap-free.
Trading Platform:
Z Forex Provides Users With MT5 Trading Platform, Including Windows Version, Android Version, IOS And MAC Version.
Deposit And Withdrawal:
Z Forex Supports Bank Telegraphic Transfer, Credit Card, E-wallet, Local Bank, Blockchain And Other Deposit And Withdrawal Methods.
Customer Support:
Users Can Contact Z Forex By Phone + 44 7700 192430 And Email [email protected]. For Further Contact, Customer Support Services Can Also Be Obtained By Contacting Online In The "Contact Us" Section Of Its Official Website.
Summary:
Z Forex Is Under Extremely Weak Supervision, And It May Be Difficult To Obtain Timely And Fair Treatment And Protection In Case Of Any Problems Or Disputes.
