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Z Forex -

No Regulation

Score

1.42 /10

Danger

Z Forex

Item: Z Forex
Rating: 1.42

Bulgaria

2-5 years

Suspicious Regulatory License

High potential risk

https://zforex.com

Influence

Add brokers

Comparison

Quantity 3

Exposure

Open Account

Website

Score

Regulatory Index0.00

Business Index6.30

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account

Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

open now

Broker Information

Company Name

Z Forex Capital Market LLC

Company Abbreviation

Z Forex

Platform registered country and region

Bulgaria

Company website

https://x.com/zforexglobal

Instagram

https://www.instagram.com/zforexglobal/

YouTube

https://www.youtube.com/channel/UCLhPyVLDjO_nOvX3mjbeSMA

447853208706

Company summary

Pyramid scheme complaint

Expose

Z Forex · Company summary

Z Forex Review Summary
Founded	2006
Registered Country/Region	Bulgaria
Regulation	Unregulated
Market Instruments	Forex, Stocks, Indiices, Commodities, Metals,
Demo Account	✅
Islamic Account	✅
Leverage	Up to 1:1000
Spread	From 0 pips
Trading Platform	cTrader, MT5
Minimum Deposit	$10
Customer Support	Live Chat, Contact Form
	Phone: +44 744 147 7121,
	Email: info@zforex.com
	Company Address: Sofia, Olimpiyska str., SiteGround, Sofia Park, fl. 4, No: 2, post code: 1756, Bulgaria
	Social Media: Telegram, Twitter, YouTube, WhatsApp, Instagram
Regional Restriction	Democratic People's Republic of Korea, Iran, Myanmar, United States of America, Turkey

Z Forex Information

Registered in 2006, Z Forex is an unregulated online broker based in Bulgaria, offering trading in market instruments such as forex, metals, indices, commodities, and stocks. With a minimum deposit of $10, Z Forex offers one demo account and three types of live accounts. The leverage is up to 1:1000 on this platform. Z Forex does not accept clients from the Democratic People's Republic of Korea, Iran, Myanmar, the United States of America, or Turkey.

Pros and Cons

Pros	Cons
Three account types	Commission charged
MT5 supported	No regulation
Multiple contact channels	Regional Restrictions
Low minimum deposit requirement
Demo accounts available
Various payment methods

Is Z Forex Legit?

Z Forex has not been regulated, which means activities on this platform are operated without regulatory oversight.

What Can I Trade on Z Forex?

Traders on Z Forex get access to tradable instruments, including forex, stocks, indices, commodities, and metals.

Trading Asset	Available
forex	✔
metals	✔
commodities	✔
indices	✔
stocks	✔
cryptocurrencies	❌
bonds	❌
options	❌
funds	❌
ETFs	❌

Account Type

Z Forex offers a demo account for traders to test this platform without risking real money.

Apart from the demo account, ZForex offers three types of live accounts: Standard, ECN, and Swap Free (Islamic).

Trading Platform	Standard	ECN	Swap Free
Minimum Deposit	$10	$10	$2,500
Maximum Leverage	1:1000		1:500
Commission	$0	$7 Forex, $15 Metals	$10 Forex, $15 Metals
Spread	1.2 pips	from 0 pips	0.7 pips
Minimum Trade	0.01 lot
Margin Call	100%
Stop Out	30%

Leverage

This platform offers leverage up to 1:1000. However, higher leverage significantly increases risk exposure. Traders should exercise caution.

ZForex also offers dynamic leverage, which is a feature that automatically adjusts traders' maximum leverage based on their account equity. zForex claims to employ transparent equity tiers to set your maximum leverage. The table below outlines how leverage adjusts automatically based on traders' account equity:

Account Equity	Maximum Leverage
$0 – 999	1:1000
$1,000 – 2,499	1:800
$1,500 – 7,999	1:500
$8,000 – 19,000	1:400
$20,000 – 39,999	1:300
$40,000 – 74 999	1:200
$75,000 and above	1:100

Z Forex Fees

Z Forex provides distinct spreads for each account: For the Standard account, the spread is 1.2 pips; for the ECN account, the spread can be as low as 0 pips; when it comes to the Swap Free account, it's 0.7 pips.

In terms of commission, Z Forex charges 0 commission for Standard accounts. However, when it comes to ECN account users, Z Forex does charge $7 for forex trading and $15 for metals trading. For Swap Free account users, the commission is $10 for forex trading, $15 for metal trading.

Trading Platform	Standard	ECN	Swap Free
Maximum Leverage	1:1000		1:500
Commission	$0	$7 Forex, $15 Metals	$10 Forex, $15 Metals

Trading Platform

Z Forex provides access to two popular trading platforms for traders to choose from: cTrader and MT5.

cTrader: A popular multi-asset trading platform developed by Spotware, designed primarily for forex and CFD trading.
MT5: The successor to MT4, developed by MetaQuotes, is a widely used platform for trading forex, stocks, commodities, indices, and cryptocurrencies.

Trading Platform	Supported	Available Devices	Suitable for
cTrader	✔	Desktop, Mobile, Web	/
MT5	✔	Desktop, Mobile, Web	Experienced traders
MT4	❌	Desktop, Mobile, Web	Beginners

Deposit and Withdrawal

Credit Card, Wire Transfer, e-Wallets, and Crypto are available payment types on Z Forex, each has distinct methods and conditions.

Payment Types	Methods
Credit Card	Visa, MasterCard
Wire Transfer	Help2Pay, Payment Asia, Transact 365
e-Wallets	SticPay, Jeton, Fasapay, MOMO, Promptpay, True Money, Duitnow
Crypto	Bitcoin, Ethereum, Litecoin, Tether (TRC20), Tether (ERC20), USD Coin

Deposit Options

Deposit Options	Minimum Deposit	Deposit Fees	Deposit Time
Credit Card	$10	0	Instant
Wire Transfer			Same Day
e-Wallets			Within 1 working day
Cryptos			Within 1 working day

Withdrawal Options:

Withdrawal Options	Minimum Withdrawal	Withdrawal Fees	Withdrawal Time
Credit Card	$10	4.2+$1	Instant
Wire Transfer		1.5%	Same Day
e-Wallets		1.5%	Within 1 working day
		SticPay: 2.5+$0.3
		Jeton: $1+0.5
		Fasapay: 0.5%
Cryptos		Network Fee

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Warning: Low score, please stay away! 2

Previous Detection : 2025-09-25

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Benchmark	--
Maximum Leverage	1:1000
Minimum Deposit	$10
Minimum spread	--
Products	--

Currency	--
Minimum position	0.01
Supported EA
Depositing Method	--
Withdrawal Method	--
Commission	$7 Forex, $15 Metals

Exposure

3 pieces of exposure in total

Pyramid scheme complaint

Expose

Unable to Withdraw

They deducted all my withdrawals, totaling $3200.

They deducted all my withdrawals, a total of $3200, this is a black platform

FX3092516162

2025-06-16 18:26

Scam

They removed my deposit and bonus to liquidate

This is new form of scam, i am writing that they removed my deposit and bonus to liquidate my positions, they are worst scammers

MuhammadSadiq

2024-08-27 12:15

Unable to Withdraw

withdrawal on hold

My withdrawal has been on hold by ZForex since October 23, 2024, without any given reason. Previously, ZForex accused me of abuse, but they provided no proof. This is just an excuse not to pay out the profits. Be careful, this broker is a scam.

hansamuhito

2024-11-09 10:43

Z Forex · Company summary

Z Forex Review Summary
Founded	2006
Registered Country/Region	Bulgaria
Regulation	Unregulated
Market Instruments	Forex, Stocks, Indiices, Commodities, Metals,
Demo Account	✅
Islamic Account	✅
Leverage	Up to 1:1000
Spread	From 0 pips
Trading Platform	cTrader, MT5
Minimum Deposit	$10
Customer Support	Live Chat, Contact Form
	Phone: +44 744 147 7121,
	Email: info@zforex.com
	Company Address: Sofia, Olimpiyska str., SiteGround, Sofia Park, fl. 4, No: 2, post code: 1756, Bulgaria
	Social Media: Telegram, Twitter, YouTube, WhatsApp, Instagram
Regional Restriction	Democratic People's Republic of Korea, Iran, Myanmar, United States of America, Turkey

Z Forex Information

Pros and Cons

Pros	Cons
Three account types	Commission charged
MT5 supported	No regulation
Multiple contact channels	Regional Restrictions
Low minimum deposit requirement
Demo accounts available
Various payment methods

Is Z Forex Legit?

Z Forex has not been regulated, which means activities on this platform are operated without regulatory oversight.

What Can I Trade on Z Forex?

Traders on Z Forex get access to tradable instruments, including forex, stocks, indices, commodities, and metals.

Trading Asset	Available
forex	✔
metals	✔
commodities	✔
indices	✔
stocks	✔
cryptocurrencies	❌
bonds	❌
options	❌
funds	❌
ETFs	❌

Account Type

Z Forex offers a demo account for traders to test this platform without risking real money.

Apart from the demo account, ZForex offers three types of live accounts: Standard, ECN, and Swap Free (Islamic).

Trading Platform	Standard	ECN	Swap Free
Minimum Deposit	$10	$10	$2,500
Maximum Leverage	1:1000		1:500
Commission	$0	$7 Forex, $15 Metals	$10 Forex, $15 Metals
Spread	1.2 pips	from 0 pips	0.7 pips
Minimum Trade	0.01 lot
Margin Call	100%
Stop Out	30%

Leverage

This platform offers leverage up to 1:1000. However, higher leverage significantly increases risk exposure. Traders should exercise caution.

Account Equity	Maximum Leverage
$0 – 999	1:1000
$1,000 – 2,499	1:800
$1,500 – 7,999	1:500
$8,000 – 19,000	1:400
$20,000 – 39,999	1:300
$40,000 – 74 999	1:200
$75,000 and above	1:100

Z Forex Fees

Trading Platform	Standard	ECN	Swap Free
Maximum Leverage	1:1000		1:500
Commission	$0	$7 Forex, $15 Metals	$10 Forex, $15 Metals

Trading Platform

Z Forex provides access to two popular trading platforms for traders to choose from: cTrader and MT5.

cTrader: A popular multi-asset trading platform developed by Spotware, designed primarily for forex and CFD trading.
MT5: The successor to MT4, developed by MetaQuotes, is a widely used platform for trading forex, stocks, commodities, indices, and cryptocurrencies.

Trading Platform	Supported	Available Devices	Suitable for
cTrader	✔	Desktop, Mobile, Web	/
MT5	✔	Desktop, Mobile, Web	Experienced traders
MT4	❌	Desktop, Mobile, Web	Beginners

Deposit and Withdrawal

Credit Card, Wire Transfer, e-Wallets, and Crypto are available payment types on Z Forex, each has distinct methods and conditions.

Payment Types	Methods
Credit Card	Visa, MasterCard
Wire Transfer	Help2Pay, Payment Asia, Transact 365
e-Wallets	SticPay, Jeton, Fasapay, MOMO, Promptpay, True Money, Duitnow
Crypto	Bitcoin, Ethereum, Litecoin, Tether (TRC20), Tether (ERC20), USD Coin

Deposit Options

Deposit Options	Minimum Deposit	Deposit Fees	Deposit Time
Credit Card	$10	0	Instant
Wire Transfer			Same Day
e-Wallets			Within 1 working day
Cryptos			Within 1 working day

Withdrawal Options:

Withdrawal Options	Minimum Withdrawal	Withdrawal Fees	Withdrawal Time
Credit Card	$10	4.2+$1	Instant
Wire Transfer		1.5%	Same Day
e-Wallets		1.5%	Within 1 working day
		SticPay: 2.5+$0.3
		Jeton: $1+0.5
		Fasapay: 0.5%
Cryptos		Network Fee

News

ExposureZForex Review Alert: 5 Red Flags About Its Regulation, Leverage & Withdrawal

ZForex Capital Market LLC (zforex.com) claims to be regulated by the Mwali International Services Authority (MISA), holding Brokerage License number T2023321. However, this level of regulation is not considered as reliable or secure as that provided by top-tier regulatory bodies such as the FCA (UK), ASIC (Australia), or SEBI (India). Therefore, traders are advised to exercise caution due to the weaker regulatory oversight.

WikiFX

2025-09-25 17:32

ZForex Review Alert: 5 Red Flags About Its Regulation, Leverage & Withdrawal

ExposureWikiFX Review: Is it okay to invest in Z Forex

This article is about to give you a comprehensive understanding of a broker called Z Forex. We analyze this broker based on various aspects, and you should not miss it.

WikiFX

2023-10-23 17:37

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