ZX Markets is part of the company Global Investment House Limited based in the Seychelles that is an offshore region. ZX Markets claims that it is controlled under the Financial Services Authority (FSA) of the country. The regulation is more or less symbolic , as offshore zones are known for their lack of control over companies, usually with full secrecy regarding the ownership of companies and the absence of taxation of corporations. This can make the offshore zone the most popular option for businesses with a bad reputation as well as those with something to hide.
Incredibly, Global Investment House Limited is the name of an Kuwaiti asset and investment management company which is operating in the Persian Gulf region.
In general, it is best to stay clear of brokers that have weak regulations like this one, and instead look for ones with stronger oversight such as the one offered by the the UK’s FCA as well as the Australian Securities and Investments Commission.
Platforms for trading
ZX Markets offers trading on the platform xWeb and xMobile. These are the mobile and web version of the trading platform that is proprietary to xStation that is operated by ZX Markets, the Poland that is regulated by FCA. European Forex broker XTB. It also offers its services to other brokers via an option for white label.
The xStation platform was named “Best Trading Platform 2016” by Online Personal Wealth Awards and provides quick execution, super rapid execution speeds, advanced charts and analysis tools, and numerous different options.
Unfortunately, ZX Markets does not provide the highly regarded MetaTrader 4. platform.
Payment methods
ZX Markets accepts client deposits via bank transfers credit or debit cards as well as Neteller, an electronic payment system. Neteller.
Conclusion
As with most offshore brokers there’s a hint of doubt about ZX Markets. It doesn’t necessarily mean that it’s an enigma, but it is recommended to be extra cautious when dealing with these brokers because their customers are generally left with their goodwill and trustworthiness.
Furthermore, it’s not like ZX Markets is offering outstanding trading conditions that could offset the risks of working with it rather than an appropriately regulated broker. Even more troubling, it’s not offering the well-known market-leading trading system MT4.
ZX Markets Summary | |
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ZX Markets Details | Information |
Regulators | |
Country | Seychelles |
Base Currencies | USD |
Type Of Brokers | ECN, STP |
Trading Platform | Desktop, Mobile, MT4 |
Established Year | 2017 |
Website Language | English |
US Clients |
ZX Markets Spreads | |
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Option | Information |
Minimum Spreads | 0.1 |
Commission | |
Fixed Spreads |
ZX Markets Payment & Withdrawal Option | |
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Option | Information |
Acc Funding Methods | Skrill |
Acc Withdrawal Methods | Skrill |
ZX Markets Suitable For | |
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Option | Information |
Publicly Traded | |
Beginners | |
Day Trading | |
Weekly Trading | |
Professionals | |
Swing Trading |
ZX Markets Trading Account Options | |
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Option | Information |
Maximum Leverage | 1:400 |
Mini Account | |
VIP Accounts | |
Segregated Accounts | |
Free Demo Accounts | |
Managed Accounts | |
Pro Account | |
Minimum Deposit | $200 |
Islamic Account |
ZX Markets Trading Services | |
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Option | Information |
Hedging | |
News Trading | |
Scalping | |
Automated Trading | |
Indices | |
Commodities | |
Forex instruments | |
CFDs | |
ETFs | |
Stocks | |
Bonds | |
Cryptocurrencey | |
Trading Signals | |
Educational Service | |
Copy Tradings |
ZX Markets Contact & Support | |
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Option | Information |
Telephone No | +442032899941 |
support@zxmarkets.com | |
24 Hours Support | |
Support During Weekends | |
Address | Global Investment House Limited. Kemp House, 160 City Road, London, EC1V 2NX. The United Kingdom. |