ZB Forex Ulasan

On-line since: 2014
Country of origin: Belize
Regulation: IFSC
Payment options: bank wire transfer, bank cards, BILDPAY, Neteller
Minimum account size: $100
Minimum lot size: 0.01 lot
Leverage: up to 1:500
Spreads: floating, from 0.2 pip

About the company:

ZBFOREX offers over 200 instruments for trading: currency pairs, spot metals, stocks, and futures.

ZBFOREX provides services to retail and institutional traders from 180 countries of Europe, Asia, Middle East, Africa and South America.

The broker is regulated by the International Financial Services Commission of Belize (Licence No: FSC/60/351/FX/15).

The company has offices in Belize, the United States (New York, Colorado, and Los Angeles), New Zealand, South Korea, China, and in the Philippines.

The IFSC applies rather loyal requirements to brokers. The companies, licensed by this commission, should have at least USD 100,000 on an account at a local bank. The registration costs a bit more than USD 13,000. There has not been a single occasion when a broker was fined for breaking the IFSC rules. Probably, it is connected to a relatively small number of licensed companies in this offshore zone.

Despite rather mild regulation, the broker assures its clients that their funds are kept on segregated accounts.

However, traders should weigh all pros and cons before investing a hefty sum into this broker. Probably, it will be better to find a company which is regulated more strictly and which participates in the Investor Compensation Scheme. It ensures that clients’ funds will be returned in case of a broker’s bankruptcy.

Trading conditions

The broker offers only one account type. Besides, there is a demo account for newbies.

The liquidity providers of the broker are major global banks such as UBS, BOA, Citibank, and others.

Leverage

The available leverage in the company is up to 1:500. It is a rather high level, but some brokers offer a leverage of up to 1:1,000. At the same time, there are companies that provide a leverage of just 1:50.

Minimum deposit

After registering an account with ZBFOREX, traders are required to deposit at least $100. It is a rather high entry threshold. For example, the minimum deposit at InstaForex is as low as $1. Still, the deposit requirement at ZBFOREX is relatively low.

Spreads

ZBFOREX promises its clients to provide the best spreads with the instant order execution and without requotes and interventions.

Spreads are floating and start from 0.3 pip.

Trading platforms

Trading at ZBFOREX is conducted through the MetaTrader 4 platform. It is the leading trading software that provides its users with all necessary tools for effective work in the financial markets. MT4 enables traders to analyze the price movements, open and manage deals, and use the automated trading systems.

Bonuses

Clients of ZBFOREX can take advantage of the bonus that equals the minimum deposit – USD 100. The bonus is available for trading only and cannot be withdrawn.

Customer support service

Managers of the customer support service can be contacted by phone, email and via feedback forms. Besides, a toll-free number is available for clients from Belize, South Korea, New Zealand, Philippines, and China.

The customer support service works 24/7.

Besides, the website contains the FAQ section.

Payment methods

Traders can top up their accounts with ZBFOREX via bank wire transfers, bank cards, and some electronic payment systems such as BILDPAY and Neteller. The choice is rather narrow which is quite disappointing.

The currency of deposit is USD.

Pros:

• the broker’s activity is regulated;
• MT4 is available for trading.

Cons:

• the broker is registered in the offshore zone;
• the website provides insufficient information about trading conditions.