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Zero Markets Review 2024

By:
Plamen Stoyanov
Updated: Feb 23, 2024
Overall Rating
4.1
  • Trust
    3.7
  • Fees
    4.4
  • Platforms and Tools
    4.2
  • Tradable Instruments
    4.5
  • Customer Support
    4.1
  • Research
    4.2
  • Deposit and Withdrawal
    3.9
  • Account Types and Terms
    4.9
  • Education
    2.4
  • How Did We Test and Rate This Broker?
    When trading forex and CFDs, understanding a broker's strengths and weaknesses is essential. We developed a proprietary rating system, which is the result of extensive research and hands-on evaluation by our expert reviewers. With a rigorous approach, our reviewers manually assess each broker, investing more than 50 hours per review, checking and testing the broker while analyzing over 250 variables to simplify the broker selection process for you. The categories we evaluate include trustworthiness, trading platforms, customer support, regulatory oversight, spreads, fees, the variety of instruments offered, education, and research tools. This unique rating system is specifically developed to ensure that the assessment is based on firsthand knowledge and experience. By dedicating a significant amount of time to each review, our team of experts can provide in-depth insights and help you make well-informed decisions when choosing the broker that best suits your trading goals.
    Chart

    Our Take on Zero Markets

    Established in 2017, Zero Markets is an Australia-based forex and CFD broker offering access to over 680 instruments across various asset classes.

    The firm delivers faster order execution and competitive pricing, complemented by the MetaTrader 4 platform and an MT4 toolbox package for advanced charting.

    Zero Markets stands out with its superior research content and robust copy and automated trading features. This makes the broker a good choice for traders interested in social trading and for beginners looking to hone their skills.

    Recommended in 3 best broker guides: 
    Zero SpreadSocial Trading | Autochartist

    Zero Markets Pros and Cons

    Pros Cons
    • Low commissions
    • Competitive spreads
    • Copy and social trading 
    • Diverse instruments
    • Strong research
    • Inconsistent customer support
    • Limited educational content 

    Zero Markets Highlights for 2024

    • Overseas Regulation: Zero Markets operates under three entities: one is regulated in Australia by ASIC*, another in Belize by the FSC, and the third operates without regulatory oversight. All entities offer clients segregated funds and negative balance protection.
    • Competitive Prices: The broker offers a combination of low spreads and commissions.
    • Copy and Social Trading. Zero Markets has developed an excellent environment for copy and social trading.
    • Research from Autochartist: Zero Markets’ clients benefit from the professional-grade insights provided by Autochartist which offers extensive market analysis and valuable trading ideas, equipping traders with advanced tools.
    • Diverse Instruments Range. The broker provides over 680 trading products, including forex, commodities, share CFDs, Indices, ETFs, and cryptocurrencies.

    *As of the time of this review, the ASIC-regulated entity is not accepting new retail clients.

    What Sets Zero Markets Apart From Other Brokers?

    Zero Markets provides robust options for enthusiasts of copy and social trading. Strategy followers have access to a wide array of trading strategies, allowing them to select ones that align with their market goals, needs, and aspirations. Conversely, strategy providers have the opportunity to earn additional monthly income for each subscriber to their strategies.

    Who is Zero Markets for?

    In my estimation, Zero Markets is ideal for those interested in copy and social trading. The broker facilitates an environment where strategy followers and strategy providers can interact with and benefit from each other.

    I also find Zero Markets quite beginner-friendly thanks to its competitive trading fees, low minimum deposit requirements, and comprehensive research materials.

    I performed my tests on a Super Zero account using the desktop and mobile app versions of the MetaTrader 5 platform. The account was opened with the Zero Markets LLC entity of the broker. Some features and services may vary depending on where you reside and which entity you open an account with.

    Zero Markets Main Features

    ☑️ RegulationsFSCM (Mauritius)
    🗺 Supported Languages
    Korean, English, Indonesian, Portuguese, Thai, Chinese, Vietnamese, Malaysian
    💰 ProductsCurrencies, Stocks, ETFs, Crypto, Indices, Commodities, Futures
    💵 Min Deposit$100
    💹 Max Leverage1:3000 (FSCM)
    🖥 Trading Desk TypeECN, No dealing desk
    📊 Trading PlatformsMT5, MT4, WebTrader
    💳 Deposit OptionsBoleto, PayPal, Wire Transfer, Skrill, Neteller, Credit Card, Finrax, KRW Deposit, epay, ebuy, Pix, Ted, TRC20, ERC20
    💳 Withdrawal OptionsWire Transfer, Neteller, Skrill, Credit Card, Finrax, ebuy, epay, SticPay, Union Pay, Pix, TRC20, ERC20
    🤴 Demo AccountYes
    🗓 Foundation Year2017
    🌎 Headquarters CountryAustralia
    Risk DisclosureCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    Zero Markets Full Review

    Trust

    3.7
    How Did We Test the Broker's Trustworthiness?
    Assessing a broker's trustworthiness with your funds is vital. To help you make the right decision, we carefully checked each broker's regulatory license and examined how well they protect traders. Moreover, we looked at the broker's stability by studying their business history, corporate structure, and industry experience. Finally, we thoroughly reviewed all of the broker's legal documentation, including terms, conditions, and fees, and evaluated their transparency based on our analysis. Our hands-on approach ensures that even novice traders have the knowledge they need to make smart decisions.
    trust chart

    Zero Markets operates through three subsidiaries, two regulated by ASIC and FSC and one unregulated. Our review found that the Australian entity is not accepting new clients at this time. Overall, Zero Markets mostly meets safety standards, with a few exceptions. The broker maintains a praiseworthy level of transparency in its information and legal documentation.

    Zero Markets Regulations

    In our reviews, we examine the licenses and regulations of each entity operated by a broker. This allows us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.

    This is what I discovered about the entities operating under the Zero Markets trade name:

    • Zero Financial Pty Ltd is licensed and regulated by the Australian Securities and Investments Commission (ASIC) in Australia under AFSL number 001301717. We rate ASIC as a Tier-1 regulator.
    • Zero Financial Ltd is licensed and regulated by the Financial Services Commission (FSC) in Mauritius under license number GB21026308. We rate the FSC as a Tier-3 regulator.
    • Zero Markets LLC is a registered company of St. Vincent and the Grenadines with a Limited Liability Number 503 LLC. The entity is not regulated.
    Zero Financial Pty Ltd’s licensing information on asic.gov.au
    Zero Financial Pty Ltd’s licensing information on asic.gov.au

    We have summarized the most essential aspects of Zero Markets in terms of regulation and safety in the table below:

    Entity Features Zero Financial Pty Ltd Zero Financial Ltd Zero Markets LLC
    Country/Region Australia, Sydney  Mauritius, Ebene St. Vincent and the Grenadines
    Regulation ASIC FSC Unregulated
    Tier 1 3 NA
    Segregated Funds Yes Yes Yes
    Negative Balance Protection Yes Yes No
    Compensation Scheme No No Yes*
    Maximum Leverage 1:30 1:500 1:500

    *For full disclosure, please contact Zero Markets here: support@zeromarkets.com

    Why is it Important to Know Where Your Broker’s Subsidiaries are Regulated?

    Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand.

    Here is what you need to be looking for in a broker in terms of safety mechanisms:

    • Segregation of client funds. Keeping client funds in segregated bank accounts from the ones used for the broker’s corporate capital negates the risk of accounting errors. All Zero Markets entities ensure segregated client funds.
    • Negative balance protection. This safety mechanism removes the risk of trading losses exceeding the account balance. In other words, the losses you incur from trading are capped at the amount you have put in your trading account. This is especially important in volatile markets. Zero Financial Pty Ltd and Zero Financial Ltd ensure negative balance protection
    • Compensation scheme. A compensation scheme protects traders against the broker’s liabilities in the unlikely event that the company becomes insolvent. Zero Markets LLC has issued professional indemnity insurance.
    • Maximum leverage. Capping the maximum leverage restricts the extent of market exposure to retail traders. The higher the leverage, the higher the potential profits and potential losses. The maximum retail leverage with Zero Markets is 1:500.

    Is Zero Markets Safe to Trade With?

    I assessed that Zero Markets is generally safe to trade with, even though its offshore entity is not regulated. The broker adheres to the most essential safety requirements by ensuring segregated client funds and having issued indemnity insurance.

    While Zero Markets LLC does not provide negative balance protection or cap the maximum retail leverage, its margin call (at 100%) and stop-out (at 50%) policies offer traders certain safety nets against adverse market volatility.

    Stability and Transparency

    In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, how big the company is, and how transparent it is in terms of readily available information.

    In evaluating Zero Markets’ transparency, several aspects were particularly noteworthy. The broker implements a client categorization policy during account setup and maintains a ‘best execution policy’ to ensure traders receive the most favorable price quotes under current market conditions. Additionally, it undergoes regular audits by ‘BDO Australia,’ reinforcing its status as a reliable broker.

    Zero Markets’ Forex spreads
    Zero Markets’ Forex spreads

    The only minor issue I noted with Zero Markets is the absence of a live spread feed on their website. However, I found that the average spread rates listed for each instrument in the contracts specification section of the website were accurate.

    In summary, my research indicates that Zero Markets can be regarded as having a sufficient level of trust and stability due to the following factors:

    • Regulated by ASIC
    • Has issued private indemnity insurance
    • Has a client categorization policy
    • Operates on a ‘best execution’ basis

    Fees

    4.4
    How Did We Test the Broker's Fees and Commissions?
    Broker commissions and fees can be challenging to understand. To simplify this for you, we carefully examined all the broker's fee-related documentation and presented it in a clear, easy-to-understand format. Furthermore, we conducted hands-on tests on spreads and commissions for the most common instruments during both London and New York trading sessions. We then compared these real-time test results to the market benchmark we've established through our extensive experience evaluating the industry.
    fees chart

    Zero Markets has two pricing mechanisms. Its Standard account features commission-free trading and floating spreads starting from 1.0 pips, whereas its Super Zero account has a $5 round-turn commission per lot and raw spreads from 0.0 pips. I thus found the account type’s pricing suitable for high-frequency trading. The broker does not charge deposits or inactive accounts.

    Zero Markets’ Trading Fees

    Zero Markets’ Spreads

    I tested Zero Markets’ spreads during the most actively traded times – the London open at 8:00 a.m. GMT and just after the U.S. open at 2:45 p.m. GMT. The test was conducted on 3 December 2023. The results are shown in the table below:

    Instruments Live Spread AM Live Spread PM
    EURUSD 0.0 pips 0.0 pips
    GBPJPY 1.0 pips 1.4 pips
    Gold (XAUUSD) 11 pips 10 pips
    Crude Oil 0.04 pips 0.04 pips
    Apple NA 0.12 points 
    Tesla NA 0.22 points
    Dow Jones 30 2.8 basis points 2.5 basis points
    Germany 40 4.5 basis points 3.5 basis points
    Bitcoin $41 $40

    Broken down by asset class and compared to the broader industry, Zero Markets offers low spreads on FX pairs and share CFDs, low-to-average spreads on commodities, low-to-high spreads on indices, and high spreads on cryptocurrencies.

    Zero Markets’ Commissions

    For its Super Zero account, Zero Markets charges a $5 round-turn commission per traded lot (100,000 units). This rate falls below the industry average of $6. The commission is charged for trading FX pairs and metals. There is also a $0.02 per share commission for trading US stocks.

    Zero Markets’ Swaps

    A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.

    The values listed below are for one full contract (100,000 units) of the base currency.

    Instrument Swap Long Swap Short
    EURUSD Charge of $5 Credit of $3.4
    GBPJPY Credit of $2.19 Charge of $15.23

    My tests indicated that Zero Markets’ swap charges meet the industry average. I found them suitable for the implementation of longer-term trading strategies, such as day and position trading.

    Zero Markets’ Non-Trading Fees

    Dormant accounts with Zero Markets are not charged an inactivity fee. Additionally, any banking fees for deposits to Zero Markets accounts will be waived, except for EUR bank wires under SEPA. There are, however, withdrawal fees for most payment methods.

    Are Zero Markets’ Fees Competitive?

    I assessed Zero Markets’ fees to be quite competitive. The broker generally charges below-average spreads and commissions, though this varies depending on the instrument and asset class that are being traded.

    Zero Markets also offers swap-free trading via its Islamic accounts. Additionally, the broker has very few non-trading fees, mostly for withdrawals.

    However, thanks to the broad range of payment methods available at Zero Markets, clients can select an option that avoids third-party banking fees.

    Accounts Comparison

    To clarify the difference in trading fees between Zero Markets’ two account types, I’ve compiled the table below. It displays the spreads and commissions recorded for the EUR/USD pair for each account type, along with typical costs for ECN and STP accounts in the industry. The table demonstrates how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10 for each account.

    To calculate the cost of such a full-sized trade, I used this formula: Spread x pip value+commission

    Account Type* Spread Commission** Net Cost
    Standard 1.2 pips $0 $12
    Super Zero 0.0 pips $5 $5
    Typical STP 1.0 pips $0 $10
    Typical ECN 0.1 pips $6 $7

    *The numbers in this chart are only illustrative and subject to change over time

    **Round-turn commission

    My tests indicate that Zero Markets’ Standard account features above-average costs compared to a typical STP account. In comparison, its Super Zero account features a combination of raw spreads and fixed commission that falls way below the industry average for an ECN account.

    Platforms and Tools

    4.2
    How Did We Test the Broker's Trading Platforms?
    We understand that platforms play a crucial role in your trading experience. That's why we spent many hours testing the broker's web, desktop, and mobile trading platforms to gain a real understanding of their usability, functionality, and overall performance. From experimenting with different order types to testing execution speeds, charting, and other features, we thoroughly examined every aspect of these platforms based on our trading expertise, helping you make an informed choice.
    platforms chart

    Zero Markets incorporates the popular MetaTrader 4 and 5 platforms for retail trading and the Signal Start platform for social trading. The broker does not have a proprietary platform. Zero Markets offers free VPS hosting for automated trading and advanced charting tools for MT4 and MT5.

    MetaTrader 5 has many essential features, such as one-click trading, an alarm setting option, and a depth of markets tool. These accommodate fast order execution, which is essential for the implementation of high-frequency trading strategies like scalping and intraday trading.

    MetaTrader 5 has a rather rugged design that is outclassed by newer and sleeker platforms. I had a tough time scrutinizing price action because of the platform’s limited charting capabilities, making it exceedingly difficult to conduct probing technical analyses. Nevertheless, Zero Markets should be praised for including MetaTrader’s advanced charting toolbox.

    Those interested in algorithmic trading can make use of MetaTrader’s built-in Expert Advisors (EAs) feature. Additionally, Zero Markets provides free VPS (Virtual Private Server) hosting. This service is available to Standard accounts on which at least 10 lots are traded per month. For raw spread accounts, the rate is 20 lots.

    Zero Markets’ Desktop MetaTrader 5 Platform

    MetaTrader 5’s main panel
    MetaTrader 5’s main panel

    General Ease of Use

    MetaTrader 5 is easy to navigate because of its simplistic design. Account info is displayed at the bottom of the screen; charts occupy the middle portion of the window; a watch list of selected instruments and tools screen is positioned on the left side of the window; and a panel with various settings and configurations can be found at the top of the window.

    Charts

    I consider the chart screen a platform’s most important feature. It aids technical analysis by providing an overview of price action behavior and allows traders access to many analytical tools and chart configuration possibilities. In my view, a good chart should afford easy scaling up and down of price action.

    MetaTrader 5’s chart screen
    MetaTrader 5’s chart screen

    I have broken down the available analytical tools and chart configurations with MetaTrader 5 below:

    • 38 technical indicators. The platform supports trend-based, volume-based indicators, oscillators, and more. These can be applied to study price action behavior and determine the underlying market sentiment. In general, technical indicators are used to gauge where the market is likely to head next. The problem with MetaTrader 5, in my opinion, is that applying 2 or more indicators to the chart obscures price action rather than contextualizing it. This is due to the ruggedness of MT5.
    • 24 drawing tools. Drawing tools, such as Fibonacci retracement levels and Elliott waves, are used to study repeatable price patterns. Additionally, they can be applied to determine key support and resistance levels and potential breakout or breakdown levels. Despite the rather big collection of drawing tools, the ruggedness of MT5 makes it difficult to discern price action behavior.
    • 21 timeframes. MT5 allows multi-timeframe analysis of price action behavior. The greater the number of timeframes, the more intricate examinations that can be carried out across the short-term and long-term. The standout feature of MT5 is its wide range of timeframes, including ones with a period lower than 1 minute. These can be used for high-frequency trading like scalping.
    • 3 chart types. Price action can be represented as a line, bars, or candlesticks. This diversity makes it possible to examine potential trading opportunities from different angles.

    Orders

    Order placing window
    Order placing window

    I have broken down the available order types on the MetaTrader 5 platform below:

    • Market orders. Market orders are used for immediate entry at the best possible price. If triggered, they guarantee volume filling, though there could be a discrepancy between the requested price and the price where the order gets filled.
    • Limit orders. Unlike market orders, limit orders guarantee exact price execution. However, a limit order will not be filled if the price action does not reach the pre-determined execution price.
    • Stop orders. They are used to support open positions by limiting the maximum loss that can be incurred if the market turns in the opposite direction. A stop-loss order is placed at a fixed price below or above the spot price. If the market does indeed turn and triggers the stop-loss, it will transform into a market order and get filled at the best possible price.

    My Key Takeaways After Testing the MetaTrader 5 Platform

    I appreciated the possibility of fast and precise order execution, especially via MT5’s EAs feature, but I suppose chart artists will find MT5 insufficient for spotting intricate trading developments. Though noticeably more advanced than its predecessor, MetaTrader 5 still suffers from the same underlying issues. In my opinion, carrying out comprehensive technical analyses is obscured by MT5’s rugged design. This is partly offset by the incorporation of the advanced MT4&5 toolbox.

    Zero Markets’ MT5 Mobile App

    A watchlist of selected instruments (left), chart screen (middle), and order placing screen (right)
    A watchlist of selected instruments (left), chart screen (middle), and order placing screen (right)

    The mobile app version of MT5 affords quick and easy access to the market. It is very useful for making snap adjustments to any open trades, even on the go. The market is volatile and ever-changing, and staying on top of the latest developments is made easy with the mobile app version of MT5. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.

    My Key Takeaways After Testing MT5’s Mobile App

    MT5’s mobile app suffers from the same underlying problem inherent to other mobile apps. Analyzing price action behavior on low-resolution devices is extremely difficult. That is why I recommend using the mobile app only to monitor the development of any open positions and make changes if needed.

    Tradable Instruments

    4.5
    How Did We Test the Broker's Tradable Instruments?
    For this section, we examined the broker's market offering, assessing the variety and depth of instruments and asset classes available for trading. Through our proprietary database, we then compared the results with other brokers. This comprehensive analysis allows you to determine if the broker offers the specific instruments and trading options you're looking for.
    tradable_instruments chart

    Zero Markets offers over 680 instruments from different asset classes, most of which share CFDs. I appreciated the choice between lower-risk securities and higher-yield/risk assets. This variety affords Zero Markets clients access to markets with varying levels of risk and allows them to implement balanced trading systems.

    What Are CFDs?

    Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.

    What Can You Trade With Zero Markets?

    I have broken down the available instruments with Zero Markets below:

    • 72 Currency Pairs
      Major, Minor, and Exotic
    • 10 Commodities
      Metals and Energy
    • 543 Share CFDs
      US and China
    • 16 Indices
      Europe, Asia, and the US
    • 46 ETFs
      Currencies, Commodities and Shares
    • 12 Cryptocurrencies
      Major and Minor

    Compared to the broader industry, Zero Markets offers an average amount of FX pairs and cryptocurrencies, and a high number of commodities, share CFDs, indices, and ETFs.

    Forex Commodities 
    EURUSD | GBPJPY | GBPNZD | EURCHF | USDBRL | USDNOK Crude Oil | Gold | Silver | Brent Oil | Palladium | Platinum 
    Share CFDs Indices
    Apple | Tesla | Alcoa | Disney | Cisco | Alibaba | PayPal | Citigroup Dow Jones 30 | Germany 40 | Japan 225 | Australia 200 | France 40
    ETFs Cryptocurrencies
    iShares Core U.S. Aggregate Bond ETF | SPDR Gold Shares ETF | iShares Russell 1000 Value ETF Bitcoin | Ethereum | Ripple | Cardano | Solana | Doge Coin | Polkadot

    My Key Takeaways After Exploring Zero Markets’ Tradable Instruments

    My overall impression of Zero Markets’ instruments offering is a prevailingly positive one. I found it suitable for all kinds of traders, from highly risk-averse and conservative traders to speculative risk-takers. Zero Markets’ ETF offering caters to the needs of the former, whereas its wide range of cryptocurrencies, indices, and share CFDs is geared towards the latter.

    Customer Support

    4.1
    How Did We Test the Broker's Customer Support?
    Traders often underestimate the importance of customer support, yet it proves to be a critical aspect during times of crisis. We put the broker's customer support to the test ourselves using all possible channels, such as chat, phone, and others. Our evaluation focused on the accessibility of live agents, as well as the helpfulness and professionalism of their responses. This way, we provide you with comprehensive insights into whether a broker can deliver full support when you need it most.
    customer_support chart

    Zero Markets offers multilingual customer support over live chat, email, and phone. The support team can be reached 24/5 in English, Korean, Portuguese, Vietnamese, Thai, Malaysian, Indonesian, and Chinese. After testing Zero Markets’ customer support, I discovered that some of its agents struggle to answer some general questions.

    The easiest way to get in touch with Zero Markets is via the live chat option, which is available from the bottom-right corner of the main page. The website also has a dedicated FAQ section intended to help with more general queries about the broker’s services.

    Customer Support Test

    When we test a broker’s customer support team, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.

    I conducted my test on 4 January at around 12:34 CET via live chat. An agent connected almost instantaneously but seemed to struggle with my questions about Zero Markets’ average execution speed and professional indemnity insurance. I was mostly referred to different departments of the broker’s support team and did not receive any straight answers.

    My conversation with Zero Markets
    My conversation with Zero Markets

    Deposit and Withdrawal

    3.9
    How Did We Test the Broker's Deposit and Withdrawal Process?
    The deposit or withdrawal process can be tricky since you may encounter hidden fees or longer than expected processing time. To assess the broker's offerings, we examined their deposit and withdrawal options and conditions. Using our proprietary database, we then compared these results with those of other brokers.
    deposit chart

    Zero Markets offers an impressive assortment of payment methods. Deposits and withdrawals can be processed via credit or debit cards, bank wires, e-wallets, and crypto-wallets. Transaction times vary but are within the norm. Deposits are usually free of charge, but most withdrawal methods are liable for banking fees.

    Zero Markets’ Deposit Methods

    Payment Method Base Currencies Fee Processing Time
    Bank Wire EUR Varied Up to 1 day
    Online Banking IDR | MYR | PHP | THB | VND $0 Instant
    Neteller USD | AUD | CAD | CNY | EUR | IDR | JPY | KRW | MYR | PHP | THB | GBP | VND $0 Instant
    Skrill USD | AUD | CAD | CLP | CNY | EGP | EUR | IDR | JPY | KRW | MYR | PHP | QAR | SAR | THB | GBP | VND | MAD $0 Instant
    epay USD | CLP | GBP 0.3% – 0.8% (min. $2) + 0.38% VAT Instant
    Sticpay USD | AED | CLP | EGP | EUR | HKD | JPY | KRW | QAR | SAR | SGD | CHF | GBP | MAD $0 Instant
    Interac CAD $0 Instant
    ebuy KRW $0 Instant 
    Pix BRL $0 Instant
    Ted BRL BRL 1 Up to 4 hours
    BoletoFlash BRL BRL 1 Up to 3 days
    TRC20 USDT $0 Instant
    ERC20 USDT $0 Instant
    finrax BTC | ETH | XRP | LTC | BCH | XLM | USDC $0 Instant 

    Zero Markets’ Withdrawal Methods

    Payment Method Base Currencies Fee
    Bank Wire USD | EUR $10
    Bank Transfer BRL 2.38% + 3 BRL
    Online Banking IDR | MYR | THB | VND $0
    Credit Card KRW $0
    Neteller USD | EUR | KRW 1% processing fee + 1% country fee (if applicable)
    Skrill USD | EUR | KRW 1% processing fee + 1% country fee (if applicable)
    Sticpay EUR | KRW 2.5% + $0.3
    epay EUR $0
    ebuy USD | KRW 2% fee for profits 
    UnionPay CNY $0
    Pix BRL 2% + 0.5 BRL
    e-transfer CAD 7.87 CAD
    DsgPay KRW $3
    TRC20 USDT 2 USDT
    ERC20 EUR | USDT 2 USDT
    finrax EUR Blockchain fees

    Deposit fees are typically waived, except for EUR SEPA bank wires. Withdrawal fees vary depending on the country and selected payment method. It is possible to withdraw without having to pay third-party banking fees. Concerning waiting times, Zero Markets usually processes payment orders fairly quickly.

    Account Types and Terms

    4.9
    How Did We Test the Broker's Account Types and Terms?
    When it comes to achieving your trading goals, choosing the proper account is essential. We initiated our evaluation by personally opening an account with the broker, which allowed us to gain firsthand experience of the process and accurately asses, how fast and easy it is. In addition, we carried out an in-depth analysis of the account types and features offered by the broker, including spreads, maximum leverage, minimum deposits, and more. For a comprehensive comparison, we turned to our proprietary database and examined how this broker's account offerings and processes stacked up against other brokers.
    account chart

    Zero Markets provides two retail account types featuring ECN-pricing execution. The Standard account is tailored for longer-term trading, while the Super Zero account is designed for high-frequency trading. Islamic accounts are available for swap-free trading. For account managers, Zero Markets offers the MAM/PAMM account type. The broker supports four base currencies: EUR, USD, AUD, and GBP.

    Why is Choosing the Right Account Type Important?

    Your account should reflect your goals, needs, and ambitions on the market. You should take into consideration several factors, such as whether the account type has a minimum deposit requirement, its spreads and commissions, the execution method, and more.

    What Account Types Does Zero Markets Offer?

    I have broken down the features of Zero Markets’ account types below:

    Account Type Standard Account  Super Zero Account
    Spread From 1.0 pips 0.0 pipis
    Round-Turn Commission $0 $5
    Base Currency EUR, USD, AUD, GBP EUR, USD, AUD, GBP
    Minimum Deposit $100 $100
    Margin Call 100% 100%
    Stop Out 50% 50%
    Scalping Yes Yes
    Hedging Yes Yes
    Demo Account Yes Yes
    Islamic Account Yes Yes

    I assessed the conditions of the two retail account types and found them to generally support the implementation of most types of trading strategies – from scalping and intraday trading to day trading and position trading. And with a low minimum deposit requirement of $100, the two are available to most retail traders.

    I also appreciated Zero Markets for implementing a client categorization policy. During account setup, the broker requires information about your trading experience and personal wealth, enhancing the safety of its services for novice traders.

    What is CFD Leverage?

    The leverage determines a trader’s overall market exposure. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.

    Zero Markets’ Execution Model

    Zero Markets utilizes market execution. The broker operates on an Electronic-Communications-Networking (ECN) basis without a dealing desk. Order requests are transmitted to the interbank level, where Zero Markets’ liquidity providers fill them. As long as there is enough liquidity in the market, all order requests will be filled at varying speeds.

    Zero Markets’ Account Opening Process

    Zero Markets’ registration form
    Zero Markets’ registration form

    The account creation process with Zero Markets is straightforward and quick. You can go at your own pace, though realistically, you will be done with everything within an hour. I have summarized the step-by-step process below:

    • Step 1. Click ‘Open Account’ at the top-right corner of the main page.
    • Step 2. Fill in your name and email. Enter the verification code you are sent to the email address you have provided.
    • Step 3. Set up a password.
    • Step 4. Choose whether to set up a live or demo account.
    • Step 5. For live accounts, enter your details.
    • Step 6. Verify your account by uploading proof of ID and address.
    • Step 7. Complete a questionnaire as part of the trader categorization process.
    • Step 8. Select a trading platform and account type.
    • Step 9. Confirm your account.
    Zero Markets’ client categorization questionnaire
    Zero Markets’ client categorization questionnaire

    Why is a Demo Account Important?

    Zero Markets offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself alongside your live CFD account.

    Zero Markets’ Restricted Countries

    Zero Markets does not offer its services in the following countries: United States of America, Venezuela, Afghanistan, American Samoa, Belgium, Botswana, Cambodia, Central African Republic, Congo, the Democratic Republic of the Congo, Republic of the Côte d’Ivoire, Equatorial Guinea, Eritrea, Ghana, Guinea-Bissau, Heard Island and McDonald Islands, Vatican City, Iran (the Islamic Republic of), Iraq, Japan, Kazakhstan, Korea (Democratic People’s Republic of), Lebanon, Liberia, Libya, Mali, Myanmar, New Zealand, Pakistan, Palestine, State of, Puerto Rico, Russia, Somalia, South Sudan, Sudan, Syrian Arab Republic, Trinidad and Tobago, Ukraine, Uganda, United States Minor Outlying Islands, Vanuatu, Virgin Islands (U.S.), Yemen, Zimbabwe.

    Research

    4.2
    How Did We Test the Broker's Research Tools?
    Research options offered by brokers may not be seen as the most important feature for some traders, but they can provide a competitive advantage. To assess the broker's research offerings, we personally explored and tested both proprietary and third-party tools and content, such as Fundamental and Technical Analysis, Market News, educational videos, and webinars. After evaluating the availability and quality of the overall research offering, we compared the results with our benchmark to provide a comprehensive analysis of the broker's research capabilities.
    research chart

    Zero Markets’ research content effectively serves both beginners and experienced traders. The broker maintains a blog, updating it with 1-2 articles monthly. A highlight of its offerings is the integration of content from Autochartist, widely recognized as one of the industry’s most reliable sources for market analysis and trading ideas.

    Zero Markets’ economic calendar
    Zero Markets’ economic calendar

    Research Tools

    I have broken down the several types of research content below:

    • Economic calendar. The economic calendar is an essential tool in a trader’s arsenal. It informs traders of upcoming market events and releases that have the potential to stir price action, thereby creating viable trading opportunities.
    • Market and volatility analyses. Available to verified Zero Markets accounts, Autochartist’s market analyses present a nuanced and comprehensive picture of current market developments and their underlying causes.
    • News feed. Also incorporated from Autochartist, the market news feature helps traders stay on top of the latest market news.
    Zero Markets’ proprietary Forex calculator
    Zero Markets’ proprietary Forex calculator

    My Key Takeaways After Assessing Zero Markets’ Research Content

    Autochartist’s content is both sophisticated and practical, beneficial for Zero Markets clients seeking insights into global capital market drivers and potential trading opportunities. However, a slight drawback of Zero Markets is its absence of video content. Offering both written and video materials is crucial for accommodating the different learning preferences of traders.

    Education

    2.4
    How Did We Test the Broker's Education Offering?
    Gaining knowledge about trading in the financial markets can make the difference between success and failure. To assess the broker's educational offerings, we personally tested and evaluated the quality of the content provided, considering its relevance for both novice and experienced traders. We explored the range of materials available, such as articles, videos, webinars, and courses. After evaluating the content's volume, update frequency, and overall quality, we compared the results with our benchmark to provide a well-rounded analysis of the broker's education offerings.
    education chart

    Zero Markets’s educational content lacks both scope and nuance. There are several videos explaining practical things, such MetaTrader tutorial. However, no attention is paid to essential trading concepts, such as how to use technical and fundamental analysis.

    Zero Markets’ blog
    Zero Markets’ blog

    Zero Markets’ educational content is almost exclusively comprised of how-to videos on basic topics, such as how to incorporate content from Autochartist, how to use the MetaTrader platform, or how to use Autochartist’s VPS. However, there are no comprehensive materials related to the ABCs of trading; beginners cannot rely on the broker to learn about price action assessment, risk management, or fundamental analysis techniques.

    Zero Markets used to publish educational webinars before, but it no longer does. There is no glossary.

    Zero Markets’ educational videos
    Zero Markets’ educational videos

    The Bottom Line

    From my research of Zero Markets and its licensing documents, I assessed it as fairly reliable. It is regulated in a couple of jurisdictions (Australia and Belize) and serves traders globally. The broker offers access to over 680 tradable instruments, both lower-risk and higher yield/risk, at competitive prices. I found that its services are very well-calibrated, with some minor exceptions.

    One of Zero Markets’ significant strengths is its versatility, catering to various types of traders. Risk-averse and novice traders can take advantage of its ETF offerings and Autochartist integration. On the other hand, more speculative traders have access to advanced charting tools, a free VPS service, and cost-effective trading fees, ideal for high-frequency trading.

    However, there are some drawbacks to consider. Zero Markets lacks alternatives to the somewhat cumbersome MetaTrader 4 and 5 platforms. Additionally, I found their customer support to be unreliable, and their educational content was limited.

    FAQ

    Zero Markets is headquartered in Sydney, Australia. It also has offices in Belize and St. Vincent and the Grenadines.
    The company holds Tier-1 and Tier-3 licenses. It complies with most safety requirements, including negative balance protection and segregating clients' funds from its own. Therefore, Zero Markets can be considered reasonably safe for trading.
    Traders can use debit/credit cards, bank wire, Neteller, 4xPay, Skrill, ZotaPay, Broker to Broker, KRW Deposit, Online Banking, Finrax, and KONNECTIVITY to deposit funds into a Zero Markets account.
    The minimum deposit requirement with Zero Markets is $100.
    Withdrawals can be processed via wire transfer, credit/debit card, e-wallets, and crypto-wallets.
    Transaction times may vary between 3 to 8 business days.
    The maximum leverage for retail traders with Zero Markets is 1:500.
    The account can be opened from the main page of the website.
    Zero Markets incorporates the popular MetaTrader 4 and 5 platforms.
    Zero Markets fits beginners as it offers low trading costs, multiple supporting tools, and robust research content. However, the scope of its educational content is limited, and its customer support is not reliable.
    Yes, Zero Markets offers a demo account.
    Yes, Zero Markets is suitable for scalping mostly due to its low trading fees and VPS hosting.
    Yes, auto-trading is available via MetaTrader’s Expert Advisors (EAs) feature. The broker also offers free VPS hosting.
    Yes, hedging is permitted with Zero Markets.
    No. Spread betting is not available with Zero Markets.
    Yes, Zero Markets offers free VPS hosting.
    No, Zero Markets operates as an ECN broker without a dealing desk.
    No, Zero Markets does not operate a bank.

    See Zero Markets Full Information

    Headquarters CountryAustralia
    Foundation Year2017
    RegulationsFSCM (Mauritius)
    Publicly TradedNo
    Number Of Employees200
    Trading Desk TypeECN, No dealing desk
    Trading PlatformsMT5, MT4, WebTrader
    Restricted Countries
    Belgium, Congo, Costa Rica, Cote dIvoire, Equatorial Guinea, Eritrea, Ghana, Guinea-Bissau, Iran, Afghanistan, Botswana, United States, Ukraine, Venezuela, American Samoa, Central African Republic, Vatican City, Japan, Kazakhstan, North Korea, Lebanon, Liberia, Libya, Mali, Myanmar, New Zealand, Pakistan, Puerto Rico, Russian Federation, Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, Uganda, Vanuatu, Virgin Islands, British, Yemen, Zimbabwe, Iraq
    Supported Languages
    Korean, English, Indonesian, Portuguese, Thai, Chinese, Vietnamese, Malaysian
    Min Deposit$100
    Max Leverage1:3000 (FSCM)
    Deposit OptionsBoleto, PayPal, Wire Transfer, Skrill, Neteller, Credit Card, Finrax, KRW Deposit, epay, ebuy, Pix, Ted, TRC20, ERC20
    Withdrawal OptionsWire Transfer, Neteller, Skrill, Credit Card, Finrax, ebuy, epay, SticPay, Union Pay, Pix, TRC20, ERC20
    Time to Withdrawal2
    Time to Open an Account9
    Crypto
    Ethereum, Dogecoin, Bitcoin, Litecoin, Bitcoin Cash, Ripple, Cardano, Polkadot, EOS, Stellar, Chainlink, Solana
    Products
    Currencies, Stocks, ETFs, Crypto, Indices, Commodities, Futures
    Demo AccountYes
    OCO OrdersNo
    Offers HedgingYes
    Automated TradingYes
    API TradingNo
    Guaranteed Stop LossNo
    Guaranteed Limit OrdersNo
    Guaranteed Fills / LiquidityNo
    Economic calendarYes
    Trading From ChartYes
    One-Click TradingYes
    Expert AdvisorYes
    Social TradingYes
    AutochartistNo
    Trading SignalsNo
    Platform Languages
    Italian, Portuguese, Arabic, Hindi, Turkish, Thai, Korean, Vietnamese, English, French, Spanish, Russian, German, Malaysian, Polish, Indonesian
    24 Hours SupportYes
    Support During WeekendsNo
    Live ChatYes
    Daily Market CommentaryYes
    News (Top-Tier Sources)Yes
    WebinarsNo
    Deposit FeeNo
    Withdrawal FeeNo
    Inactivity FeeYes

    About the Author

    Plamen StoyanovBroker Analyst

    Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

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    Trade Responsibly: CFD derivative products are highly leveraged, carry a high level of risk and are not suitable for all investors. Zero Markets does not accept applications from residents of countries or jurisdictions where such distribution or use would be contrary to local laws or regulations.