broker

Zero Markets Review 2022

Updated:
4.0
Trust
3.1
Fees
4.2
Platforms and Tools
4.8
Customer Support
4.6
Tradable Instruments
4.7
Account Types and Terms
4.6
Deposit and Withdrawal
5.0
Research
0.3
Education
1.1

Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from ZERO Financial Pty Ltd. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Derivatives can be risky; losses can exceed your initial payment and you must be able to meet all margin calls as soon as they are made. When trading Contract for Difference (CFD) you do not own or have any rights to the CFDs underlying assets. ZERO recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from ZERO can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. *Highest overall client satisfaction winner – FP Markets team. Investment trends 2016 Australia CFD Report. The information in this site is current at the date of publication but may be subject to change.

While we adhere to strict editorial integrity, this page may refer to our partners' products. Here's how we make money.Learn how we make money and our review methodology.

Please Note: The Zero Markets review is based on a Standard Account, using the MT5 trading platform and MT5 mobile platform, opened with the entity Zero Markets LLC (www.zeromarkets.com).

The Big Picture

Headquartered in Australia, Zero Markets was founded in 2017. The broker offers trading in forex, indices, commodities, stocks, bonds, and cryptocurrencies. Zero Markets provides services via three entities: Zero Financial Pty Ltd (Australia), Zero Financial Ltd (Mauritius), and Zero Markets LLC (St. Vincent & the Grenadines). Traders should note that Zero Markets LLC is unregulated.

The broker offers the highly popular MetaTrader 4 and MetaTrader 5. There are two main accounts to choose from – Super Zero Account, which offers tight spreads but has commissions, and a commission-free Standard Account. Zero Markets also has an Islamic Account and offers MAM/PAMM accounts.

Zero Markets offers a high number of commodities, stocks, and indices to trade.The broker provides many options to deposit and withdraw money from the account, and there is no withdrawal fee. At the same time, Zero Markets offers little research and educational support.

8 Zero Markets Key Takeaways For 2022

  • We evaluated Zero Markets across 9 categories (Trust and Stability, Fees, Tradable Instruments, Account Types, Deposit and Withdrawal, Research, Customer Support, Education, and Platform and Tools).
  • Based on our research, we gave a high score to Zero Markets in the Tradable Instruments category. It offers a wide range of financial instruments, including bonds and share CFDs from various markets.
  • Zero Markets provides a wide range of deposit and withdrawal options, which led to a high score in this category.
  • Clients can choose between the popular MetaTrader 4 and MetaTrader 5, so many traders will have the opportunity to work with a familiar platform.
  • Zero Markets offers almost no research and education support, which has led to an extremely low score in these categories and negatively impacted the overall score.
  • The company’s Trust score was low as Zero Markets LLC is unregulated, so traders do not benefit from the oversight of any regulator. However, traders should note that other entities of Zero Markets are regulated. Zero Financial Pty is regulated by ASIC, while Zero Financial Ltd is regulated by FSC.
  • Zero Markets could attract advanced traders due to a wide range of available instruments and MAM/PAMM accounts.
  • Beginner traders may face a steep learning curve as research and educational support is not Zero Markets’ strength.

Who is Zero Markets For?

Zero Markets is for traders who need a wide range of instruments and do not require material education and research support. Such traders actively search for opportunities in various markets and easily move between instruments in search of volatility. Pro-level traders will have the opportunity to use MAM/PAMM accounts.

Zero Markets Pros and Cons

Pros Cons
  • A wide range of available instruments.
  • Many deposit and withdrawal options.
  • An Islamic Account.
  • MAM/PAMM accounts.
  • No inactivity fees
  • Low investor protection under the unregulated St. Vincent & Grenadines entity.
  • No research and education support.

 

broker

Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from ZERO Financial Pty Ltd. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Derivatives can be risky; losses can exceed your initial payment and you must be able to meet all margin calls as soon as they are made. When trading Contract for Difference (CFD) you do not own or have any rights to the CFDs underlying assets. ZERO recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from ZERO can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. *Highest overall client satisfaction winner – FP Markets team. Investment trends 2016 Australia CFD Report. The information in this site is current at the date of publication but may be subject to change.

 

About the Author

Vladimir Zernov
Vladimir has more than 10 years of experience in the financial markets. His career as a day-trader at a proprietary trading firm goes back to 2007.
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How Do We Rate?

When trading forex and CFDs, it is crucial to know a broker's strengths and weaknesses. That is why FX Empire developed its proprietary rating system. We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated.
How Do We Rate Chart
Visit our methodology page to learn more about our review and rating process.
Zero Markets Main Features
☑️
Regulations
ASIC (Australia), FSC (Mauritius), SVGFSA (Saint Vincent and the Grenadines)
🗺
Supported Languages
English, Spanish, German, French, Arabic, Portuguese, Hindi, Chinese, Polish, Korean, Indonesian, Thai, Turkish, Italian, Vietnamese, Malaysian
💰
Products (CFD)
Currencies, Commodities, Indices, Stocks, Bonds, Futures, Crypto
💵
Min Deposit
$100
💹
Max Leverage
1:30 (ASIC), 1:30 (FSC), 1:500 (SVGFSA)
🖥
Trading Desk Type
DMA, ECN, No dealing desk, STP
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Check if...
unknownZero Markets accepts clients from your country:
Choose your country:

Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from ZERO Financial Pty Ltd. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Derivatives can be risky; losses can exceed your initial payment and you must be able to meet all margin calls as soon as they are made. When trading Contract for Difference (CFD) you do not own or have any rights to the CFDs underlying assets. ZERO recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from ZERO can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. *Highest overall client satisfaction winner – FP Markets team. Investment trends 2016 Australia CFD Report. The information in this site is current at the date of publication but may be subject to change.

Zero Markets Full Review

Trust

3.1
How Do We Test A Broker's Trust?
When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker's regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe.

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Zero Markets has entities that are regulated by ASIC (Australia) and FSC (Mauritius). However, most global clients will work with Zero Markets LLC, which is registered in St. Vincent & the Grenadines and is unregulated. As unregulated entities do not offer the same level of protection as regulated entities, Zero Markets received a below-average score in the Trust section of our rating.

Zero Markets Regulations

Zero Markets operates under three entities:

Zero Financial Ltd on the FSC register

Why is It Important to Know Where Your Broker Subsidiary (Entity) is Regulated?

Each regulator has its requirements for brokers, which may differ materially. Traders need to understand these differences to evaluate whether the broker suits their needs.

For example, Zero Financial Pty Ltd. clients will benefit from the oversight of a Tier 1 regulator ASIC (Australia).

However, most global clients will likely work with the unregulated Zero Markets LLC, which means that they will not receive the protection offered by regulators.

On the positive side, all entities segregate the clients’ funds from the firm’s funds, which is important if a broker has financial problems.

All entities also offer negative balance protection. When a broker offers negative balance protection, its clients will not lose more money than they have in their accounts.

We have summarized key aspects of the broker’s entities in terms of regulation and safety in the table below:

Zero Financial Pty Ltd Zero Financial Ltd Zero Markets LLC
Country/Region ASIC (Australia) FSC (Mauritius) St. Vincent & the Grenadines
Regulation Tier 1 Tier 3 Unregulated
Segregated Funds Yes Yes Yes
Negative Balance Protection Yes Yes Yes
Compensation Scheme Yes No No
Standard Leverage Up to 1:30 Up to 1:30 Up to 1:500

Is Zero Markets Safe to Trade With?

The key thing to consider for most global clients in the Zero Markets case is whether they are comfortable working with an unregulated entity. Zero Markets LLC provides negative balance protection and holds the clients’ funds separately, but there is no regulatory oversight.

Stability and Transparency

In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focused on how long the broker has been in business, the size of the company, and how transparent they are in terms of information being readily available.

The broker’s website provides sufficient information about regulations and the composition of Zero Markets Group. The company’s clients also have easy access to legal documentation, including a Client Agreement, Conflicts of Interest Policy, Best Interest and Order Execution Policy, and Privacy Policy.

The important information regarding spreads and swap rates is also readily available on Zero Markets website.

In summary, our findings indicate that Zero Markets can be regarded as having a medium level of trust and stability due to the following factors:

  • Zero Markets LLC (zeromarkets.com) is unregulated.
  • ASIC- regulated entity and FSC-regulated entity
  • More than 5 years of business.
  • Good transparency on fees and regulations on the company’s website.

Fees

4.2
How Do We Test A Broker's Fees?
Broker fees can be difficult to understand. We test the broker's platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money.

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Zero Markets offers competitive spreads in its Standard Account. Swap fees are also low. However, it should be noted that share CFD commissions are high, which is unusual in most standard accounts . Traders should note that Zero Markets does not have deposit, withdrawal, or inactivity fees.

Zero Markets Trading Fees

For this review, we tested Zero Markets Standard Account. In this trading account, Zero Markets charges spreads, swap/rollover fees, and commissions (for share CFDs). Spreads are variable and depend on the liquidity situation at any time. Swap fees can be found on the company’s website. Commissions are $0.03 per share for U.S. markets, but if the entry fee is less than $10, Zero Markets will charge $10. For other markets, the commission structure is similar and could be found on the dedicated page on the Zero Markets website.

Zero Markets Spreads

We tested the spread on the Zero Markets Standard Account during the London open at 8am UK time and just after the US open at 2.45pm UK time. These are the most actively traded times.

Instrument Live spread AM Live spread PM
EURUSD 1.3 pips 1.2 pips
GBPJPY 1.7 pips 1.8 pips
Gold (XAUUSD) 27 pips 24 pips
WTI Oil 0.2 0.18
DAX 30 1 1
Dow Jones 30 2.1 1.6
Apple n/a 0.02
Tesla n/a 0.73

In general, Zero Markets offers attractive spreads for most instruments. For example, spreads for GBP/JPY, Gold, Apple, and Dow are low. However, traders focused on oil should note that oil spreads are high.

For stocks, the main problem is the size of the commission. As noted above, a trader would pay $0.03 per share or $10 per entry, whichever is greater. Thus, traders will be charged $10 for all entries below 333 shares. Such commission structures are favorable for big order sizes, typically not used by retail traders.

Swap Fees

Instrument Swap Long Swap Short
EUR/USD -4.95 1.16
GBP/JPY 0.78 -6.34

Zero Marketsoffers competitive swap fees. It received a high score on the overnight financing rates in our rating.

Are Zero Markets Trading Fees Good?

Zero Markets received a relatively high score on the fees side in our rating. Spreads for most instruments that we have analyzed are either low or medium, except oil. However, traders should note that commissions charged for share CFDs are significant.

Non-Trading Fees

Zero Markets does not have deposit or withdrawal fees. Please note that your payment provider could charge such fees, however. Also, there are no inactivity fees, which could be applied when a client does not trade for several months.

Platforms and Tools

4.8
How Do We Test A Broker's Platforms and Tools?
Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker's desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other 'need to know' features.

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Zero Markets offers two trading platforms: MetaTrader 4 and MetaTrader 5. Both platforms are available for Windows, Mac, iOS, Android, and in web versions. As MT4 and MT5 are very reputable trading platforms, Zero Markets received a high score for Platforms and Tools in our rating.

Zero Markets Desktop and Web Platforms

In this review, we focused on the MT5 platform as it provides the ability to work with all the offered stock CFDs.

MetaTrader 5 Desktop

General Ease of Use

MT5 is a sophisticated trading platform that could be tailored to traders’ needs. The interface is rather intuitive, although some traders may want to search for tutorials in order to take a deep dive into MT5 capabilities. In general, advanced traders will have no problems with MT5, while beginners will have to spend some time learning the basics of this platform.

Charts

MT5 offers 97 indicators and 21 timeframes, which is more than enough to customize your charts and tailor them to your needs.

Trend indicators, oscillators, volumes, Bill Williams, and custom indicators will help you design the chart you need.

Available timeframes range from 1 minute to 1 month, so they provide the trader with an opportunity to take a look at short-term developments and significant, multi-month trends.

MT5 also supports objects, including Lines, Channels, Gann Tools, Fibonacci Tools, Elliott Tools, and Shapes. Many traders use these popular tools to make decisions, so their presence is a must for any reputable trading platform.

Each chart could be displayed as a bar chart, a candlesticks chart, and a line chart. While candlesticks are generally more popular among traders as there is an abundance of various candlesticks patterns that are used to make trading decisions, other types of charts also have their fans.

MT5 charts are easy to configure even for novice traders, but they also offer enough options for expert traders.

Orders

MT5 offers all main order types, which include:

  • Market order. This order is used to buy or sell the instrument at the current market price. It is used when the trader needs to establish a position in the fastest possible way. The main downside of the market order is the necessity to pay a spread, which is a difference between the bid price and the ask price.
  • Limit orders. This order is used to buy or sell the instrument at a pre-set price or better. A limit order is used when the trader wants to get a specific entry point and is unwilling to pay the current market prices.
  • Stop-loss orders. Stop-loss orders are used to get you out of the position when the price is moving in the wrong way. The order is triggered when the price reaches a specified point.
  • Stop limit orders. This is a stop-loss order which puts a limit order instead of a market order when it is triggered. This is a dangerous way to get out of the position and should be used only by experienced traders.
  • Trailing stop orders. This order allows you to set a stop order that will move if your open position trends in the right direction. This order is used to protect your profits in case the market direction reverses.
  • Different expiration types are available for all pending orders, including GTC (good-till-cancel), Today, Specified, and Specified Day.

Zero Markets Mobile App

Zero Markets offers the MT5 versions for Android and iOS. In this review, we used Zero Markets Mobile App for Android

General Ease of Use

The MT5 mobile app for Android is rather easy to use. It provides charts, quotes, account balance info, economic calendar, news, and other tools to provide traders with an opportunity to make informed trading decisions.

Charts

MT5 mobile app offers:

  • 30 technical indicators
  • 24 drawing tools
  • 9 timeframes
  • 3 chart types

This selection of options is more than sufficient enough for mobile-based trading. Typically, the mobile app is used when the trader does not have access to the desktop platform but needs to monitor the market and open positions. While the app is helpful in certain circumstances, it cannot beat the speed of work that could be achieved using the desktop platform, which is the primary solution for active trading.

Orders

In an MT5 mobile app, you can set market orders, limit orders, and stop orders. Trailing stops are not available on mobile trading terminals.

Tradable Instruments

4.7
How Do We Test A Broker's Tradable Instruments?
In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you're looking for and what you can trade.

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Zero Markets received a high score for Tradable Instruments in our rating as it provides access to multiple asset classes. The offering is especially rich in commodities, stocks, and indices.

Zero Markets provides access to 62 forex pairs, 17 commodities, 813 stocks, 13 indices, 2 bonds, and 11 cryptocurrencies. The number of available forex pairs is average for the industry. Meanwhile, Zero Markets offers a high number of commodities, stocks, and indices. Interestingly, Zero Markets has a rich offering in the gold & silver section, as these precious metals can be traded against U.S. dollar, Australian dollar, and euro. The selection of cryptocurrencies is limited, but Zero Markets offers some big names, like Bitcoin, Ethereum, Cardano, Polkadot, and Ripple. The presence of two bonds, UK Long Gilt Futures, and US 10-yr T-Note Futures, is somewhat exotic.

What are CFDs?

CFDs (Contracts for Differences) are financial instruments that allow traders to bet on securities without owning the underlying securities. The key advantage of CFDs is the access to significant leverage, which is typically not available when trading other instruments. In this light, CFDs are very popular in short-term trading.

What Can You Trade with Zero Markets?

  • 62 forex pairs. The list includes traditional names like EUR/USD and GBP/USD, as well as more exotic options like GBP/SEK (British pound/Swedish krona) or AUD/SGD (Australian dollar/Singapore dollar).
  • 17 commodities. Traders can work with WTI oil, Brent crude oil, WTI oil futures, Natural Gas, U.S. Coffee futures, Corn, Cocoa, Soybean, Wheat, Palladium, Platinum, Gold, and Silver. Please note that gold and silver can be traded against U.S. dollar, Australian dollar, and euro.
  • 813 stocks. Zero Markets offers an interesting selection of stock CFDs, including stocks from Amsterdam, Frankfurt, Hong Kong, London, Madrid, NASDAQ, NYSE, Paris, and ASX exchanges.
  • 13 indices. Zero Markets provides access to CFDs on major indices like S&P 500 or Nikkei 225.
  • 2 bonds. Traders can bet on UK Long Gilt Futures and U.S. 10yr T-Note Futures.
  • 11 cryptocurrencies. The list includes CFDs on notable names like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Cardano, Dogecoin, Polkadot, EOS, Chainlink, Stellar, and Ripple.
Typical forex spreads at Zero Markets
Forex Shares
EUR/USD | GBP/USD | USD/JPY Tesla | Daimler AG | Sinopec
Indices Cryptocurrencies
S&P 500 | FTSE 100 |CAC 40 Bitcoin | Ethereum | Dogecoin
Commodities
Gold | WTI Oil | Wheat

Zero Markets has a strong selection of various assets, so traders will have plenty of instruments to choose from.

While the number of available forex pairs is fairly average, other segments deserve more attention. The stock CFD section is especially interesting as traders can work with stocks from various exchanges. While Zero Markets offers just 2 bonds, the presence of this market segment is rather unusual, so it may be interesting for the traders who are willing to expand their trading expertise.

The cryptocurrency list lacks several popular coins like BNB, Solana, Avalanche, Tron, or Shiba Inu, but the number of available coins should be sufficient enough to get exposure to the crypto segment. In the commodity segment, the most interesting feature is the ability to trade gold and silver against the Australian dollar and euro. Usually, gold and silver are available for trading against the U.S. dollar in pairs XAU/USD and XAG/USD.

Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from ZERO Financial Pty Ltd. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Derivatives can be risky; losses can exceed your initial payment and you must be able to meet all margin calls as soon as they are made. When trading Contract for Difference (CFD) you do not own or have any rights to the CFDs underlying assets. ZERO recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from ZERO can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. *Highest overall client satisfaction winner – FP Markets team. Investment trends 2016 Australia CFD Report. The information in this site is current at the date of publication but may be subject to change.

Customer Support

4.6
How Do We Test A Broker's Customer Support?
Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it.

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Zero Markets provides 24/5 support. To get support, clients can use live chat, phone support, or email. In our rating, Zero Markets received a high score for Customer Support due to swift and professional responses from the support agents.

Customer support is an important part of doing business with the broker. Clients often need timely answers to their questions, so quick and correct answers from the support agents are very important. Zero Markets provides support via live chat, phone, and email. We have contacted Zero Markets support several times, and it left a favorable impression.

Zero Markets Customer Support Test

In our rating, we tested Zero Markets chat support. Support agents have quickly responded to our questions. Their responses were timely and professional. As a result, Zero Markets received a high score for its Support services in our rating.

Chat support at Zero Markets

Deposit and Withdrawal

5.0
How Do We Test A Broker's Deposit and Withdrawal?
The deposit or withdrawal process can be a tricky one. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated. We check these factors and others so you know what to expect when trading with this broker.

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Zero Markets’ clients can deposit and withdraw money from their accounts via debit/credit cards, e-wallets, wire transfers, and even a crypto payment system. In most cases, traders will be able to deposit/withdraw money without fees. The multitude of deposit and withdrawal options has led to a high score in this segment in our rating.

Zero Markets received a perfect score for deposits and withdrawals in our rating as it provides a multitude of deposit/withdrawal options. These options include popular methods like credit/debit cards, bank wire, e-wallets, as well as some local payment systems. There are many base currencies to choose from for both deposits and withdrawals.

The minimum opening balance for the Standard Account and the Super Zero Account is $100 AUD or equivalent. There are no charges on deposits from Zero Markets, although additional fees may be applied by payment providers.

Zero Markets does not charge for processing withdrawals, but such charges could be incurred depending on the withdrawal method used by the trader.

Zero Markets Deposits

Deposit Method Base Currencies Fees Processing Time
Credit/Debit Card AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD No fees for MT4/5 only Instant funding
Bank Wire AUD, USD, EUR, GBP, SGD No charges from Zero Markets. For deposits over $10k, fees of up to 50 USD will be covered by the broker 1 business day
Neteller USD, EUR, GBP, AUD, CAD, CHF, JPY, PLN, SGD No fees for MT4/5 only Instant funding
4xPay VND, MYR, CNY, USDT No fees Instant funding
Skrill USD No fees Instant funding
ZotaPay VND, THB, MYR, IDR No fees Not specified
Broker to Broker AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD No fees in AUD. For international deposits over $10k, fees of up to 50 USD will be covered 1 business day
KRW Deposit KRW No fees Instant funding
Online Banking MYR, IDR, THB, VND No fees Instant funding
Finrax BTC, ETH, LTC, XRP, BAT, BNT, CVC, ENJ, FUN, LINK, MITH, MTL, OMG, REP, XLM, BCH, USDT Blockchain fees applicable Up to one hour
KONNECTIVITY KRW No fees Instant funding

There are many ways to deposit funds into a Zero Markets account, so traders from various parts of the world should be able to find something suitable for them. The ability to use cryptocurrencies and the wide range of choices could be especially interesting for some traders.

Zero Markets Withdrawals

Withdrawal Method Base Currencies Fees Processing Time
Credit/Debit Card CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD No fees 1 business day
Domestic bank wire AUD No fees 1 business day once all the correct documents are received
International bank wire Other than AUD 10 AUD 1 business day once all the correct documents are received
Neteller AUD, CAD, CHF, EUR, GBP, JPY, PLN, SGD, USD 1%, min fee of 1 USD and max fee of 30 USD per 45,000 USD transaction 1 business day
Skrill USD, GBP, EUR 1% + country fees (if applicable) 1 business day
Paytrust 88 (Local Bank Transfer) MYR, IDR, THB, VND 1.5% 1 business day
NganLuong.vn VND 1000 VND + 1% 1 business day
4xpay CNY, VND, MYR, USDT No Fees MT4/5
No Fees IRESS (Integrated Real-time Equity System)
1 business day
KRW Withdrawal KRW No Fees MT4/5 1 business day
Online Banking VND, IDR, THB No fees 1 business day
Finrax BTC, ETH, LTC, XRP, BAT, BNT, CVC, ENJ, FUN, LINK, MITH, MTL, OMG, REP, XLM, BCH, USDT Blockchain fees applicable Up to one hour
KONNECTIVITY KRW 3% 1 business day

There is a sufficient number of options to choose from on the withdrawal side. Please note that while Zero Markets does not charge for the processing of withdrawals, fees could be incurred depending on the method you choose.

Headquartered in Australia, IRESS provides comprehensive financial solutions including market data, order routing and a financial transactions network. This method could be interesting to traders in the Asia-Pacific region.

Account Types and Terms

4.6
How Do We Test A Broker's Account Types and Terms?
In order to achieve your trading goals, you need to choose the right account. We evaluate each broker's account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account.

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Zero Markets received a high score for the Account Types and Terms category. clients could choose between four account types: Super Zero Account, Standard Account, Islamic Account, and MAM/PAMM Account . An Islamic Account is opened by converting Super Zero Account or Standard Account. MAM/PAMM Accounts are for professionals and are also based on the Super Zero Account and Standard Account.

Traders can choose between several types of accounts, including an Islamic Account and MAM/PAMM accounts (multi-account manager/percent allocation management module) for advanced traders. The base currencies are USD, AUD, GBP, and EUR. Novice traders can start with the demo accounts, which provide an opportunity to test the broker without putting real money at risk.

Zero Markets account opening

Why is Choosing the Right Account Type Important?

The account that you choose must meet your needs. Typically, the trader should focus on base currency options, contract size, commission, fees, the number of pending orders/positions, and the minimum deposit size.

For example, a Super Zero Account provides tight spreads but has commissions. Such setups are good for traders who make bigger trades, as the commission is fixed per side (in or out).For smaller accounts, a Standard Account with bigger spreads but no fixed commissions makes more sense.

What Account Types does Zero Markets Offer?

Super Zero Account Standard Account

Commission

(excluding equities)

$2.5 $0
Spread From 0.0 pips From 1.0 pips
Minimum Deposit $100 AUD or equivalent $100 AUD or equivalent
Leverage 1:500 1:500
Islamic Account Yes Yes
Demo Account Yes Yes

There are two main types of accounts in Zero Markets. Super Zero Account offers tight spreads but includes a commission of $2.5 per side. Traders using the Standard Account will only pay spreads without commissions. It should be noted that commissions will be applied in both accounts when trading share CFDs. The size of these commissions for various markets could be found on a dedicated page of Zero Markets website.

Traders using the Islamic Account incur no swaps or interest charges on overnight positions. Instead, they are charged an administration fee on their positions. To open an Islamic Account, traders should open an MT4 or MT5 account and send a request to convert it into an Islamic Account.

MAM (multi-account manager) and PAMM (percent allocation management module) accounts are designed for advanced traders, which could use Super Zero Account or Standard Account. The minimum opening balance for MAM/PAMM accounts is $20,000 AUD or equivalent.

What is CFD leverage?

CFD Leverage allows you to avoid paying the full value of the position. Instead, you pay a deposit, which is called margin, while the remaining funds are borrowed. Zero Markets offers leverage of up to 1:500, which means that for each $1 of deposit you can get a position worth $500.

Zero Markets Account Opening Process

The account opening process is straightforward:

  • Step 1: Click on the “open an account” on the website’s main page.
  • Step 2: Provide your full name and email.
  • Step 3: Receive your email verification code.
  • Step 4: Provide your personal details and answer several questions to open a live account.
  • Step 5: Upload documents to verify your identity.

What is a demo account?

A demo account is an account that allows you to test the broker’s services and your trading skills without risking your money.

Please note that your trading experience will differ when you use a demo account compared to a real-money account due to human psychology, as traders find themselves under pressure when the real money is at stake.

It’s a good idea to use the demo account for practising and learning the trading platform, but we recommend not spending too much time on the demo.

Zero Markets supported countries

Zero Markets LLC does not accept clients from the U.S., Australia, Japan, North Korea, Iran, Iraq, and Belgium.

Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from ZERO Financial Pty Ltd. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Derivatives can be risky; losses can exceed your initial payment and you must be able to meet all margin calls as soon as they are made. When trading Contract for Difference (CFD) you do not own or have any rights to the CFDs underlying assets. ZERO recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from ZERO can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. *Highest overall client satisfaction winner – FP Markets team. Investment trends 2016 Australia CFD Report. The information in this site is current at the date of publication but may be subject to change.

Research

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How Do We Test A Broker's Research?
Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service.

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Zero Markets’ research support on its website is limited to Economic Calendar. The company used to provide a “Markets Daily” brief, but it was stopped in mid-2021. As a result, Zero Markets received a very low score on Research on our rating as research support is non-existent.

On the Zero Markets website, traders can take a look at the Economic Calendar, which is a standard feature for all brokers. There are no other useful tools that could have helped traders with their research.

Economic Calendar at Zero Markets

*According to the broker, a new research and educational blog is under construction (as of June 16).

Education

1.1
How Do We Test A Broker's Education?
Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders.

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Zero Markets has an Education section on its website, which includes several articles on fundamental and technical analysis. Due to the limited volume of the material, Zero Markets score is low.

The Education section on the broker’s website contains a few articles that were not designed to be a guide for beginner traders and do not contain useful information for advanced traders. In this light, Zero Markets received a low score on Education in our rating.

*According to the broker, a new research and educational blog is under construction (as of June 16).

The Bottom Line

Zero Markets is a broker that offers popular trading platforms, a wide range of financial instruments, and a sufficient number of deposit and withdrawal options.

Traders can open an account with three entities: Zero Financial Pty Ltd (ASIC, Australia), Zero Financial Ltd (FSC, Mauritius), and Zero Markets LLC (unregulated, St. Vincent & the Grenadines).

The broker’s trading fees are fairly standard, although experienced traders can find a few good deals in certain instruments, like GBP/JPY, gold, or Apple stock.

Available instruments include forex pairs, commodities, stocks, indices, bonds, and cryptocurrencies, which has led to a high score in this category. It should be noted that Zero Markets offers stocks from various markets, which may be of certain interest for some traders.

Pro-level traders may use MAM/PAMM accounts, which start at an initial balance of $20,000 USD.

On the downside, Zero Markets offers no material research or educational support, so novice traders will have to search elsewhere for a course on trading.

The main factor for Zero Markets is that most global clients will trade with an unregulated entity. In this case, traders should determine whether they are comfortable with this.

FAQ

Where is Zero Markets based?
Zero Markets provides services via three entities: Zero Financial Pty (Australia), Zero Financial Ltd (Mauritius), and Zero Markets LLC (St. Vincent &

Is Zero Markets safe?
Clients of Zero Financial Pty will benefit from the oversight of ASIC, a Tier 1 regulator. Clients of Zero Financial Ltd will be under the regulatory oversight of FSC, a Tier 3 regulator. Zero Markets LLC is unregulated and, therefore, riskier.

How does Zero Markets make money?
Zero Market makes money from the spreads and commissions that it charges traders.

How do I deposit funds in an Zero Markets account?
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.

What is the minimum deposit for Zero Markets?
The minimum deposit for Zero Markets is $100 AUD or equivalent.

How do I withdraw money from Zero Markets?
Traders can use debit/credit cards, bank wire, Neteller, Skrill, Paytrust88, NganLuong.vn, 4xPay, KRW Withdrawal, Online Banking, Finrax, and KONNECTIVITY to withdraw money from their account.

How long does it take to withdraw money from an account at Zero Markets?
Typically, withdrawals should be processed within 1 business day.

How much is the maximum leverage at Zero Markets?
The maximum leverage in Zero Markets is 1:500.

How can I open an account with Zero Markets?
To open an account with Zero Markets, visit the company’s website and create an account from the front page.

What platforms does Zero Markets offer?
Zero Markets offer MT4 and MT5 platforms.

Is Zero Markets suitable for beginners?
Zero Markets may not be the best choice for beginners as it provides no research and education support.

Does Zero Markets offer a demo account?
Yes, Zero Markets offers a demo account.

broker

Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from ZERO Financial Pty Ltd. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Derivatives can be risky; losses can exceed your initial payment and you must be able to meet all margin calls as soon as they are made. When trading Contract for Difference (CFD) you do not own or have any rights to the CFDs underlying assets. ZERO recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from ZERO can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. *Highest overall client satisfaction winner – FP Markets team. Investment trends 2016 Australia CFD Report. The information in this site is current at the date of publication but may be subject to change.

See Zero Markets Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Australia
Foundation Year
2017
Regulations
ASIC (Australia), FSC (Mauritius), SVGFSA (Saint Vincent and the Grenadines)
Publicly Traded
No
Number Of Employees
150
Trading Desk Type
DMA, ECN, No dealing desk, STP
Trading platforms
MT4, MT5, WebTrader
Restricted Countries
Belgium, Egypt, Algeria, Armenia, Bahamas, Barbados, Belarus, Belize, Benin, Bhutan, Bolivia, Bosnia and Herzegovina, Burkina Faso, Burundi, Cameroon, Canada, Cape Verde, Chad, Colombia, Congo, Costa Rica, Cote d'Ivoire, Cuba, Djibouti, Dominica, Ecuador, Equatorial Guinea, Eritrea, Gabon, Georgia, Ghana, Guinea-Bissau, Guyana, India, Gibraltar, Iran, Grenada, Guatemala, Afghanistan, Curacao, Guam, Bermuda, Albania, Angola, Cook Islands, Antigua and Barbuda, Andorra, Argentina, Azerbaijan, Bangladesh, Greenland, Botswana, French Polynesia, Cambodia, Chile, Comoros, Dominican Republic, Aruba, Ethiopia, Fiji, Gambia, Guernsey, Haiti, Hong Kong, Honduras, Faroe Islands
Supported Languages
English, Spanish, German, French, Arabic, Portuguese, Hindi, Chinese, Polish, Korean, Indonesian, Thai, Turkish, Italian, Vietnamese, Malaysian
Min Deposit
$100
Max Leverage
1:30 (ASIC), 1:30 (FSC), 1:500 (SVGFSA)
Deposit Options
Wire Transfer, Credit Card, PayPal, Skrill, Neteller, help2pay, finrax, Bpay, KRW Deposit, Broker to Broker, zotapay
Withdrawal Options
Wire Transfer, Credit Card, PayPal, Skrill, Neteller, zotapay, help2pay, finrax, krw-withdrawal
Cryptocurrencies
Bitcoin Cash, Bitcoin, Dogecoin, Litecoin, Ripple, Ethereum
Products (CFD)
Currencies, Commodities, Indices, Stocks, Bonds, Futures, Crypto
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
Yes
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