About ZFX
Overview
ZFX is an online forex and CFD broker that is part of the Zeal Group, a conglomerate of fintech corporations and regulated financial institutions. The brand was established in 2018 and is registered in Seychelles, with additional operations in the United Kingdom. ZFX positions itself as a multi-asset broker offering leveraged trading on forex, commodities, indices, shares, and cryptocurrencies.
The broker operates with a dual regulatory structure: its UK entity, Zeal Capital Market (UK) Limited, is authorized by the Financial Conduct Authority (FCA), while its Seychelles entity, Zeal Capital Market (Seychelles) Limited, is regulated by the Seychelles Financial Services Authority (FSA). This structure allows ZFX to serve clients in different jurisdictions with varying levels of regulatory protection.
Regulation and Licensing
ZFX holds two regulatory licences. The UK entity is fully regulated by the FCA with firm reference number 768451, providing clients with strong investor protections, including access to the Financial Ombudsman Service and the Financial Services Compensation Scheme (FSCS) for eligible clients. The Seychelles entity is licensed under an offshore regulation framework, which offers a more flexible environment but with fewer investor safeguards.
Our cross-check of the FCA register confirms the active status of Zeal Capital Market (UK) Limited. The Seychelles FSA licence is also listed in aggregated industry databases as active. Traders should be aware that the level of regulatory oversight varies between the two entities.
Account Types and Features
ZFX offers three live trading account types: Mini, Standard STP, and ECN. The Mini account requires a minimum deposit of $50 and is aimed at beginner traders. The Standard STP account requires $200 and offers straight-through processing. The ECN account, with a $1,000 minimum deposit, provides direct market access and tighter spreads.
All accounts are available on the MetaTrader 4 (MT4) platform and offer maximum leverage up to 1:2000, though leverage is automatically adjusted based on account equity. The broker also provides a demo account for practice.
Trading Platforms and Instruments
ZFX exclusively uses the MT4 platform, a widely recognized trading platform known for its advanced charting tools, automated trading capabilities, and user-friendly interface. The platform is available for desktop, web, and mobile devices.
The broker offers a range of CFDs on forex pairs, commodities (including gold and oil), stock indices, individual shares, and cryptocurrencies. The full list of instruments is available in ZFX's product guide, though the broker does not publicly disclose the exact number of symbols.
Funding and Customer Support
ZFX supports multiple deposit methods, including bank wires, credit/debit cards (Visa, Mastercard), and e-wallets such as Neteller, Skrill, and Perfect Money. Withdrawals are processed through the same methods, and the broker aims to process requests within one business day.
Customer support is available via live chat, email, and phone, with support in multiple languages. The broker also maintains a presence on social media platforms including Facebook, Instagram, LinkedIn, and YouTube.
Target Audience
ZFX caters to both retail and institutional traders, with account tiers designed to accommodate different experience levels and capital sizes. The low minimum deposit of $50 makes the Mini account accessible to beginners, while the ECN account appeals to experienced traders seeking competitive spreads.
The broker's global reach and multi-entity structure allow it to serve clients from various regions, though it does not accept clients from certain restricted jurisdictions, including the United States and some other countries.
Overview compiled by FXCanary from regulatory records and public data. full ZFX review