ZX Capital Markets Broker review — Safety, assets, support, and many more!
ZX Capital Markets, also known as ZXCM, is an offshore forex broker that offers multiple accounts, access to the MT5 app, and a diverse range of markets. Let’s briefly review it below to define whether you trust it.
The Safety and Security of ZX Capital Markets
ZX Capital Markets Ltd. is registered in Seychelles and regulated by the Financial Services Authority (FSA). While this license offers some basic oversight, it does not provide the same high-level protection as top-tier regulators like FCA or ASIC. Client funds are reportedly held in segregated bank accounts, which adds an important layer of safety. However, the broker does not provide a negative balance protection policy, meaning traders could lose more than their deposits in volatile markets.
Overall, ZXCM offers moderate safety and is not confirmed to be a scam broker, which is a good sign.
ZX Capital Markets Fees and Spreads
ZX Capital Markets’ pricing depends on the account type. For example, the pro account offers spreads from 1 pip with 0 commissions, making it an overall competitive account. The ECN account has lower spreads starting from 0.2 pips, but includes a $7 per lot trading commission, which makes it expensive. The Islamic account has slightly wider spreads, while the VIP account offers near-zero spreads, with commission being negotiable. There are no deposits and withdrawals hidden fees, which is flexible.
ZX Capital Markets Accounts, Deposits, and Withdrawals
Traders can choose between Pro, ECN, and VIP accounts. Minimum deposits range from $100 to $50,000, depending on the account type. Proi accounts are most competitive due to 1 pip spreads and $100 deposits, while Islamic and ECN are more expensive with higher deposit requirements of $500 and $2,000, respectively. The leverage is up to 1:500 on all trading accounts, and the minimum lot size starts from 0.01 lots, which is flexible.
ZX Capital Markets Deposits and Withdrawals
The broker supports payments through bank wire, Visa, Mastercard, Skrill, and USDT (TRC-20). Deposits are processed instantly, and withdrawals are completed within 243 hours, a strong advantage over many offshore competitors for sure. ZXCM does not charge internal fees for either deposits or withdrawals, but payment providers usually have fees. Blockchain transactions incur network fees.
ZX Capital Markets Trading Platforms, Assets, and Features
ZXCM offers access exclusively to the MetaTrader 5 (MT5) trading platform, known for its advanced charting tools, automation capabilities, and multiple timeframes and order types. The platform supports both EAs and custom indicators. Mobile apps are available for iOS and Android (MT5), which makes it easy to trade on the go. However, the lack of platform variety is a minor drawback. The website is mobile-friendly and responsive.
ZX Capital Markets Assets
ZXCM allows trading in forex currency pairs, commodities, indices, and futures. It does not currently offer cryptos or stocks, which limits trader choices. Trading conditions are best on the Pro and VIP accounts, while other accounts are more expensive.
ZX Capital Markets Extra Features
ZXCM’s offering is minimal beyond standard trading services. There are no trading bonuses, promotional events, or cashback programs, and no VPS hosting or advanced trading tools are provided. The broker does offer free demo accounts for practice and market news updates, but educational and analytical extras are missing.
ZX Capital Markets Customer Support Review
Customer support is available five days a week, 24 hours per day, via email and phone. The team is well-trained and responsive, but the absence of live chat support makes it less comfortable for modern traders needing instant and cost-effective assistance. The website supports English and French, which limits accessibility for non-speakers of these languages.
ZX Capital Markets Education
Educational materials are virtually non-existent at ZX Capital Markets. The broker does not provide webinars, video tutorials, or structured trading courses. The only available content is market news updates, which offer insights but are not enough for beginners to learn trading from zero. This lack of education makes ZXCM less suitable for beginner traders.
Should you consider ZX Capital Markets?
ZXCM offers a solid trading platform (MT5), fast profit withdrawals, and flexible account choices. However, it falls short when it comes to regulation strength, education, and support options (no live chat). While experienced traders might appreciate high leverage and a 1 pip spread on a pro account for $100 minimum deposit, beginners are not recommended to choose this broker due to its offshore status and limited safeguards.
FAQ on ZX Capital Markets
Is ZX Capital Markets a scam broker?
No verified scams have been reported, and the broker is overseen by the Seychelles FSA, which is an offshore regulator, making the broker riskier.
Is ZX Capital Markets a cheap broker?
Only the Pro account is a competitive offering with industry-standard 1 pip spreads, while all other accounts are expensive.
What is the ZX Capital Markets minimum deposit?
The minimum deposit starts at $100 for the Pro account and $50,000 for the VIP offerings.
