Z.com Trade Review 2018

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Z.com TradeReview

Z.com Trade Review

Z.com Trade is a UK-based Forex and CFD broker. The Z.com Trade brand is part of the GMO Financial Holdings group of companies, which is headquartered in Japan. Founded in 2006, the parent company of the group was rebranded as GMO Financial Holdings Inc., in 2017 to signal the expansion of the group’s business into new products and services, and the company is known as “Z.com Trade” outside of Japan. Through its connection with its parent company, Z.com Trade is able to offer its clients some of the tightest spreads in the industry. Traders at Z.com Trade can take advantage of spreads as low as zero pips with their ECN and Professional Accounts.

Z.com Video Review

Regulations

As a financial services provider that is based in the UK, Z.com Trade comes under the regulatory purview of the UK’s Financial Conduct Authority (FCA).  It currently operates under the registration number FRN 622897. As an FCA regulatory entity, Z.com Trade offers security and transparency. Funds deposited by traders are kept in segregated accounts in tier one banks in accordance with FCA regulatory requirements. As such in the event Z.com Trade becomes insolvent, the broker’s creditors will not be able to treat these funds held by the broker as a recoverable asset.

Reliability

In terms of Z.com reliability, the broker operates in accordance with the regulatory requirements imposed by the FCA with regards to the handling of the broker’s clients’ funds. As a further protection, traders at Z.com Trade are covered under the Financial Services Compensation Scheme (FSCS). In the event the broker is unable to meet its financial obligations, you are protected by up to £50,000 under the FSCS.

Trading Platforms

For trading access to the financial markets, Z.com Trade offers the popular MT4 trading platform. This platform is adopted by the majority of the brokers in the industry as it is a proven trading platform. It supports advanced charts, numerous technical indicators, supports multiple order types and automated trading. The platform is also highly customizable allowing users to change the language of the user interface to their personal preference. The MT4 also comes integrated with its own programming language called the MetaQuotes Language (MQL). With it, tech-savvy traders can use the MQL language to create their own technical indicators as well as program automated trading robots.

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Z.com Trade Mobile Trading

For traders that need to be able to trade wherever they are, Z.com has provided them with the mobile-optimized version of the MT4 trading platform. The mobile trading app can be downloaded for free at either Google Play Store or Apple App Store.

Trade Types/Instruments

For trade types, Z.com Trade offers trading access to the spot markets as well as the CFD market. With Z.com Trade, traders can trade in different types of financial assets such as currency pairs, commodities, cryptocurrencies and market indices. The full range of available financial instruments includes 55 currency pairs, 7 types of commodities, 5 types of cryptocurrencies and 10 market indices.

Account Types 

For trading accounts, you can select from 4 different types of trading accounts, Classic Account, ECN Account, ECN Plus Account and Professional Account.

Classic Account

  • Account Currencies: USD, EUR, GBP
  • Commission: None
  • Execution Type: Market Execution
  • Margin Closeout: 50%
  • Max Leverage: 30:1
  • Min Deposit: $€£50
  • Min Lot Size: 0.01
  • Spreads: Floating from 1.0 pips
  • Tradable Products: 77

ECN Account

  • Account Currencies: USD, EUR, GBP
  • Commission: $4 per 100,000 traded
  • Execution Type: Market Execution
  • Margin Closeout: 50%
  • Max Leverage: 30:1
  • Min Deposit: $€£50
  • Min Lot Size: 0.01
  • Spreads: Floating from 0.0 pips
  • Tradable Products: 77

ECN Plus Account

  • Account Currencies: USD, EUR, GBP
  • Commission: $2.5 per 100,000 traded
  • Execution Type: Market Execution
  • Margin Closeout: 50%
  • Max Leverage: 30:1
  • Min Account Balance: $€£10k or 100M vol. p/m
  • Min Lot Size: 0.01
  • Spreads: Floating from 0.0 pips
  • Tradable Products: 77

Professional Account

  • Account Currencies: USD, EUR, GBP
  • Commission: $2.5 per 100,000 traded
  • Execution Type: Market Execution
  • Margin Closeout: 50%
  • Max Leverage: 200:1
  • Min Account Balance: $€£10k or 100M vol. p/m
  • Min Lot Size: 0.01
  • Spreads: Floating from 0.0 pips
  • Tradable Products: 77

* To open a Professional Account, please first open an ECN Account, make your funds deposit and follow the steps outlined in our Change of Client Categorisation Request Form.

Commissions & Spreads

Z.com Trade operates on a Non-Dealing Desk (NDD) business model. This means it is able to offer its traders extra competitive spreads as well as not having any conflict of interest with how they handle their traders’ trades. The following table below shows the typical spreads which you will enjoy trading with Z.com Trade ECN trading account.

Instrument Spreads (in pips)
EUR/USD 0.1
USD/JPY 0.2
GBP/USD 0.6
USD/CHF 0.7
EUR/CHF 1.0
XAU/USD 0.09
XAG/USD 0.004
BTC/USD 48.5
EUR/GBP 0.6
USD/CAD 0.6

Deposits & Withdrawals Options

For the convenience of its traders, Z.com Trade offers several methods of fund transfers. They include major credit cards such as Visa and Mastercard, Web wallets such as Skrill, Paypal, Neteller, and WebMoney. You can also deposit funds into your trading account through bank wire transfer.

Bonus & Promotions

As an FCA regulated broker, Z.com Trade does not offer its traders any kind of deposit bonuses or trading promotion.

Customer Support

Customer support at Z.com Trade is only available from 9 am to 5 pm (UK time). You can reach out to the support team through email, live chat, the telephone or by post.

Pros and Cons

Pros

  • Multiple types of trading accounts
  • Regulated Broker
  • Reputable Broker
  • Low minimum deposit requirement

Cons

  • Customer support limited to office hours (UK time)
  • A limited number of assets

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Z.com Trade Q&A

  • Is Z.com Trade regulated?

Yes, Z.com Trade is regulated by the UK’s Financial Conduct Authority (FCA).

  • Where is Z.com Trade based?

Z.com Trade is based in the UK. Its registered office is located at GMO-Z.com Trade UK Limited,

Becket House, 36 Old Jewry, London, United Kingdom, EC2R 8DD

  • How does Z.com Trade make money?

Z.com Trade makes its money by charging its clients’ small spreads on the trades that they made through its trading platform.

  • How do I deposit in Z.com Trade account?

You can fund your trading account at Z.com Trade through Credit Card, Debit Card, Bank Wire, Skrill, Neteller, Paypal, Boleto, Giropay, IDEAL, Moneta, POLi, QIWI, Sofort, Trustly, Webmoney, YandexMoney.

  • How do I withdraw money from Z.com Trade?

Withdrawal of funds from a Z.com Trade’s trading account can be initiated through Credit Card, Debit Card, Bank Wire, Skrill, Neteller, Paypal, Moneta, QIWI, Webmoney.

  • How do I open an account with Z.com Trade?

To open an account with Z.com Trade, you need to fill up the registration form and submit it with all the required verification documents.

  • Is Z.com Trade reliable?

Yes, Z.com Trade is a reliable broker as the broker is part of the international GMO Financial Holdings group of companies.

  • Does Z.com Trade use MetaTrader?

Yes, Z.com Trade uses the MetaTrader 4 platform.

  • What is Z.com Trade leverage?

The typical leverage offered by Z.com Trade is 1:30. But if you are classified as a professional client, the leverage offered can go to as high as 1:200.

  • Is Z.com Trade a scam? 

No, Z.com Trade is not a scam. The broker’s parent company has been operational since 2005.

  • How safe is Z.com Trade?

Z.com Trade is a safe broker as the broker operates with transparency and under strict FCA regulatory requirements.

Conclusion

Despite being a newly established broker in the UK, Z.com Trade can offer its traders numerous benefits over other brokers in the industry. For starters, the spreads offered by the broker is ultra competitive. With its regulated status, you also have the benefit of trading in a safe and secure trading environment. These are just some of the benefits that you will get to enjoy when you sign up for with Z.com Trade.

Z.com TradeOverview

Company Information

Broker DetailsInfo
Regulated byFCA, FSA(JP), SFC
Headquarters CountryJapan
Foundation Year2005
Publicly TradedNo
Number Of Employees400

Deposit Options

Boleto, Credit Card, Giropay, iDeal, Moneta, Moneybookers, Neteller, PayPal, Poli, QIWI, Skrill, Sofort, Webmoney, Wire Transfer, Yandex.Money

Withdrawal Options

Boleto, Credit Card, Giropay, iDeal, Moneta, Moneybookers, Neteller, PayPal, Poli, QIWI, Skrill, Sofort, Webmoney, Wire Transfer, Yandex.Money

Trading Account Options

Account TypeInfo
Min. Deposit$50
Max. Leverage1:200
Mini AccountNo
Demo AccountYes
Premium AccountYes
Islamic AccountNo
Managed AccountNo

Z.com Trade Trading Features

Suitable For

Trader LevelYes/No
BeginnersYes
ProfessionalsYes
ScalpingYes
Day TradingYes
Weekly TradingYes
Swing TradingYes

Customer Service

TimeYes/No
24 Hours SupportNo
Support During WeekendsNo

Customer Support Languages

English, German, Japanese, Polish, Russian, Ukrainian

Trading Services

ServiceInfo
Supported Trading PlatformsMT4
Commission On TradesYes
Educational ServiceYes
SignalYes
Email AlertsYes
Automated TradingYes
API TradingYes
Cryptocurrency CoinsYes

Supported Instruments

Instrument TypeYes/No
CurrenciesYes
CommoditiesYes
CFDsYes
IndicesYes
ETFsNo
StocksNo
BondsNo
CryptocurrenciesYes

Z.com TradeUser Reviews

Rate this broker
  • 4.0
    Added Protection under the Financial Services Compensation Scheme
    Christopher
  • 4.0
    FCA Regulated
    Ronald
  • 5.0
    Liquidity
    Neil
  • 4.0
    Algo Trading
    T
  • 4.0
    Reputable broker
    Karen
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