Zara FX: Wise or Unwise Choice?

WikiFX | 2024-06-12 13:47

Abstract：Zara FX is a supposedly Comoros-based forex broker that provides its clients with flexible leverage of up to 1:500, floating spreads as low as 0.8 pips, and a choice of three different account types. In this article we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information.

Zara FX is a supposedly Comoros-based forex broker that provides its clients with flexible leverage of up to 1:500, floating spreads as low as 0.8 pips, and a choice of three different account types. In this article we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information.

Regulation

Zara FX is regulated in Comoros by the Mwali International Services Authority (MISA) under license no. T2023293.

Market Instruments

Zara FX allows clients to access various trading instruments such as currency pairs, indices, raw materials, metals, energy, and cryptocurrencies. Therefore both novice and experienced traders can trade with Zara FX.

Account Types

Zara FX offers four account types: starter, VIP, business, and professional. The minimum deposit to open an account is not clear.

Trading Platform

Zara FX provides MetaTrader5 to its customers, which can be accessed on many devices.

Leverage

Zara FX offers maximum leverage of up to 1:500, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can increase your profits, it can also result in a loss of capital, especially for inexperienced traders. therefore, traders must choose the correct amount according to their risk tolerance.

Deposit & Withdrawal

Zara FX offers deposits and withdrawals 24/7 for its clients. possible payment methods are PayPal, Neteller, Bitcoin, Perfect Money, Visa and MasterCard.

Customer Service