ZFX operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.

Moderate risk

Scam Risk Scoremonitored · 2026-07-28

Lower riskHigher risk

Authorised by Tier-1 regulator(s): FCA, FSA
Registered in Seychelles (offshore, light oversight)
Withdrawal complaints in ~38% of recent reviews

How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

Factor	Score	Weight
Regulation & licensing	8	35%
Company age	22	15%
Clone / impersonation	0	12%
Withdrawal & exposure complaints	100	12%
Offshore registration	80	8%
Transparency (site/info/social)	0	10%
Real-user sentiment	50	8%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company

Legal nameZeal Capital Market (Seychelles) Limited

Headquarters🇸🇨 Seychelles

Founded2018-03-29

Years operating5-10 years

Employees0

Official websitezfx.com

Trading conditions

Avg execution speed704.3 ms D

Avg slippage1 B

Swap ratingAA

Trading cost ratingA

Monitored traders3,222

Monitored orders31,441

Funding & instruments

Deposit methods · --

Withdrawal methods · --

Instruments--

Registered address

Room B11, First Floor, Providence Complex, Providence, Mahe, Seychelles

Regulation & licenses · 2

Regulator	License type	License No.	Region	Status
FCA	Inst Forex Execution (STP)	768451	United Kingdom	Regulated
FSA	Derivatives Trading License (EP)	SD027	Seychelles	Offshore Regulation

Account types · 3

Account	Max leverage	Min. deposit	Min. spread	Commission	EA
ECN	1 : 2000	≥ $ 1000	From 0.2	--	✓
Standard STP	1 : 2000	≥ $200	1.3	--	✓
Mini	1 : 2000	≥ $ 50	1.5	--	✓

Full reviewIn-depth editorial analysis Scam or safe?Risk score & red flags AccountsTypes · min deposit · how to open Deposit & withdrawalMethods · payout reliability

Review analysis AI

User reviews present a sharply divided picture. Many praise ZFX for fast deposits, withdrawals, and execution, while a substantial number report severe withdrawal delays, extra fees, account disabling when in profit, and unresponsive support. The scam risk is elevated by 6 identified clone sites and numerous complaints, resulting in a guarded overall assessment.

Best for

Traders seeking fast execution and low spreads
Users who can tolerate extra KYC steps
Traders with high risk tolerance

Not for

Traders who prioritize reliable withdrawals
Those seeking responsive customer support
New traders needing guidance

Period:

What users complain about

What users praise

Where reviewers are from

🇻🇳 VN11

🇮🇩 ID10

🇹🇭 TH5

🇬🇧 GB3

🇺🇸 US2

🇦🇪 AE2

Positive vs negative · last 12 months Pos Neg

Nov

Feb

Oct

Aug

Sep

Jul

Jan

Feb

Mar

Nov

Dec

Mar

Real user reviews

Where ZFX operates

Active across 26 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇹🇭 Thailand

🇱🇺 Luxembourg

🇸🇬 Singapore

🇮🇩 Indonesia

🇻🇳 Vietnam

🇹🇼 Taiwan

🇺🇸 United States

🇮🇳 India

🇲🇾 Malaysia

🇸🇦 Saudi Arabia

🇪🇸 Spain

🇫🇷 France

🇯🇵 Japan

🇨🇦 Canada

🇭🇰 Hong Kong

🇦🇹 Austria

🇦🇪 United Arab Emirates

🇹🇷 Turkey

🇬🇧 United Kingdom Licensed

🇸🇨 Seychelles Licensed

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What ZFX says about itself as stated by the broker · not independently verified by FXCanary

Global Fintech Conglomerate

ZFX is part of the Zeal Group of Companies, a conglomerate of fintech corporations and regulated financial institutions that provides liquidity solutions for various asset classes in regulated markets. The group operates globally, indicating a considerable presence in several major financial centers.

Dual Regulation

The broker states that it is regulated by both the UK Financial Conduct Authority (FCA, license 768451) and the Seychelles Financial Services Authority (FSA, license SD027), offering a tiered regulatory structure for client protection.

High Leverage and Diverse Account Types

ZFX advertises three account tiers: Mini (min deposit $50, max leverage 1:2000, spreads from 1.5), Standard STP (min deposit $200, max leverage 1:2000, spreads from 1.3), and ECN (min deposit $1000, max leverage 1:2000, spreads from 0.2). They claim this caters to both novice and professional traders.

Proprietary Technology

The company emphasizes that it is backed by exclusive technology, ensuring efficient order execution and stable trading conditions across its platform.

About ZFX

ZFX is the trading name of Zeal Capital Market (Seychelles) Limited, a company founded on March 29, 2018, and registered in Seychelles. It operates as part of the Zeal Group of Companies, a fintech conglomerate providing liquidity solutions in regulated markets. The broker offers forex and CFD trading to retail and institutional clients globally, with a strong online presence.

Regulation

ZFX holds two regulatory licenses: one from the UK Financial Conduct Authority (FCA, license 768451) for Inst Forex Execution (STP), and another from the Seychelles Financial Services Authority (FSA, license SD027) as an offshore derivatives trading license. The FCA is considered a top-tier regulator, while FSA is an offshore regulator. Clients should note that the FCA license applies to the UK entity, while the Seychelles entity serves most international clients.

Account Types

ZFX offers three account types to accommodate different trading styles and capital levels. The Mini account has a minimum deposit of $50 and spreads from 1.5 pips. The Standard STP account requires $200 minimum deposit and spreads from 1.3 pips. The ECN account requires a $1,000 minimum deposit and offers spreads from 0.2 pips. All accounts feature the same maximum leverage of 1:2000.

Platforms and Instruments

The broker provides the MetaTrader 4 (MT4) platform for trading, which is widely used for charting and automated trading. Tradable instruments include forex, indices, commodities, and cryptocurrencies, though specific instrument lists are not fully disclosed. The platform offers fast execution and a user-friendly interface.

Deposits and Withdrawals

ZFX supports several funding methods, though specific options are not listed in the provided data. Deposits are reported by users as fast, while withdrawals can be processed via bank transfer or other methods. The broker does not charge deposit fees, but withdrawal fees may apply depending on the method. Users should verify available options with the broker.

Target Audience

ZFX targets both novice and experienced traders, with account types ranging from low-minimum Mini accounts to high-volume ECN accounts. The high leverage of up to 1:2000 may appeal to aggressive traders, but the offshore regulation and mixed user reviews suggest it is best suited for traders who can navigate potential risks.

Overview compiled by FXCanary from regulatory records and public data. full ZFX review

ZFX

Regulation & licenses · 2

Account types · 3

Review analysis AI

Real user reviews clear filter ✕

Where ZFX operates

Similar brokers

Global Fintech Conglomerate

Dual Regulation

High Leverage and Diverse Account Types

Proprietary Technology

About ZFX

About ZFX

Regulation

Account Types

Platforms and Instruments

Deposits and Withdrawals

Target Audience

Real user reviews