- MT5 and cTrader platforms available
- Crypto funding accepted
- Tested with live accounts
As a broker offering both the MT5 and cTrader platforms, zForex provides a notable choice for traders in 2025. This review offers a straightforward look at their services, focusing on their pricing structure, the platforms available, and the details of their regulatory status, all based on currently available information.
Live Spreads: Good Pricing for the ECN Account
A core expense in trading is the spread, which is the gap between the buy and sell quotes for an asset. zForex has different account options that affect this cost. Their Standard account is structured to have the trading cost built into the spread, while their ECN account is designed to offer tighter spreads, with a separate commission charged on each trade.
The table above shows live spread information for both of zForex's account types, sourced from real accounts and averaged over time. This lets you directly assess their costs against other popular brokers for major instruments like currency pairs and precious metals. It gives a clear picture of their pricing in live market conditions. You can use the orange 'Edit' button to compare different instruments or other brokers not currently displayed.
Regulation: Authorisation under Comoros MISA
| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
| Z Forex Capital Markets LLC |
|
|
|
|
1000 : 1 |
zForex, which operates under the name Z Forex Capital Markets LLC, holds its registration and regulation with the Mwali International Services Authority (MISA) in the Union of Comoros. It is useful for potential clients to recognise that Comoros is an offshore financial jurisdiction.
The regulatory requirements enforced by MISA differ from the standards applied by financial authorities in major centres like the UK, Australia, or the EU. These differences can relate to rules about the handling of client money, the enforcement of negative balance protection, and the availability of any government-backed compensation funds in the event a broker faces financial insolvency. Traders should be aware of these distinctions when selecting a broker.
Available Assets: Forex, Shares, Indices & Crypto
According to their website, zForex allows clients to trade across several key markets. Traders can go long and short on several foreign exchange pairs, popular stock market indices, a selection of top, individual company shares, bonds, and various digital currencies.
It's always recommended to confirm the complete list of tradable products directly with the broker. It is important to remember these instruments are generally offered as CFDs (Contracts for Difference), which means you are speculating on price changes using leverage, a method that involves financial risk.
Live Swap Rates: Swap-Free Accounts Available
When you hold a trading position open from one day to the next, your broker will typically apply a swap fee, also known as a rollover or financing cost. These are daily adjustments, which can be either charges or credits to your account, based on the instrument and whether you are buying or selling. zForex also makes a "Swap-Free" account option available, often used by traders whose strategies or beliefs do not align with paying or earning swap interest.
The table above displays zForex's live swap rates, enabling a comparison of their overnight costs against other brokers. As is typical, a triple swap adjustment is usually made mid-week (often on Wednesday) to cover financing over the weekend. You can also use the orange 'Edit' button to adjust the comparison for other symbols and brokers.
Trading Platforms: Access to MT5 and cTrader
| Software | Key Strengths | Things to Note |
|---|---|---|
| MetaTrader 5 (MT5) |
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| cTrader |
|
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| Mobile Apps (MT5 / cTrader) |
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|
A key advantage for zForex is that they provide clients with a choice of two well-respected trading platforms: MetaTrader 5 (MT5) and cTrader. Both are available as desktop applications and mobile apps, giving traders flexibility to choose based on their preferred style of analysis and execution.
Deposits/Withdrawals: Emphasis on Crypto & E-Wallets
| Funding Method | Processing Time | Stated zForex Fee | Common Base Currency |
|---|---|---|---|
| Credit Card | Instant | Not Specified | USD (or converted) |
| Cryptocurrencies (BTC, ETH, LTC, USDT) | Network Speed Dependent | Not Specified* | Crypto (converted to USD) |
| FasaPay E-Wallet | Instant | Not Specified | USD |
| SticPay E-Wallet | Instant | Not Specified | USD |
| Jeton Wallet | Instant | Not Specified | USD |
| Promptpay (Thai Payment System) | Instant | Not Specified | USD (from local currency) |
zForex appears well prepared for modern payment solutions. They list funding options that include credit cards, a variety of major cryptocurrencies like Bitcoin and Tether, several e-wallets such as FasaPay and SticPay, and also local payment systems like PromptPay for clients in Thailand.
While zForex themselves may not apply fees, it is important to remember that third-party providers often have their own charges. Your bank might charge a fee for a bank wire transfer, and sending crypto will incur a *cryptocurrency network fee. Or the e-wallet service you use may have transaction fees. It's always best practice to check all details on the official zForex website before funding your account.
Leverage: Up to 1:1000 Available
Operating under its Comoros MISA licence allows zForex to make high leverage available to its clients, up to a level of 1:1000. This enables traders to control larger positions with a smaller amount of initial capital. With that said, higher leverage also amplifies market exposure and requires careful risk management from the trader.
zForex Profile
| Company Name | Z Forex Capital Market LLC |
| Categories | Forex Brokers, Cryptocurrency Brokers, Forex Rebates, Cryptocurrency Rebates |
| Primary Category | Forex Brokers |
| Headquarters | Bulgaria |
| Office Locations | Bulgaria |
| Account Currency | USD |
| Support Languages | Arabic, Chinese, English, Hindi, Indonesian, Russian, Spanish, Persian |
| Funding Methods | Bitcoin, Credit Card, FasaPay, Litecoin, SticPay, Ethereum, Tether (USDT), Jeton Wallet, Promptpay |
| Financial Instruments | Forex, Shares, Indices, Bonds, Cryptocurrencies |
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread
The zForex profile on RebateKingFX contains the key operational details available. This includes their company name (Z Forex Capital Market LLC), their listed headquarters in Bulgaria, the main account currency (USD), the languages they support, and the different funding options that focus on crypto and e-wallets. You can also see the types of financial instruments they list for trading.
Promotions: Information on Bonus Offers
On their website, zForex mentions promotional offers like a 20% bonus and a 30% bonus. As is the case with any broker promotion, it is very important to read the complete terms and conditions. Ensure you fully understand the rules regarding required trading volume or any restrictions on withdrawing the bonus funds before you decide to opt in. For current details, check the promotions section on the official zForex website.
zForex User Rating
zForex reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.
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zForex Cashback rebates
| Standard | ECN | Swap Free | |
| Forex | $3.60 Per Lot | ||
| Oil / Energies | $1.00 Per Lot | $1.20 Per Lot | |
| Metals | $3.00 Per Lot | $3.60 Per Lot | |
| Shares / Equities | $0.50 Per Lot | $0.60 Per Lot | |
| Indices | $1.00 Per Lot | $1.20 Per Lot | |
| Cryptocurrencies | $2.50 Per Lot | $3.00 Per Lot | |
| Payment Options |
Monthly Cash Back
| ||
| Standard | |
| Forex | $3.60 Per Lot |
| Oil / Energies | $1.00 Per Lot |
| Metals | $3.00 Per Lot |
| Shares / Equities | $0.50 Per Lot |
| Indices | $1.00 Per Lot |
| Cryptocurrencies | $2.50 Per Lot |
| Payment Options |
Monthly Cash Back
|
| ECN | |
| Forex | $3.60 Per Lot |
| Oil / Energies | $1.20 Per Lot |
| Metals | $3.60 Per Lot |
| Shares / Equities | $0.60 Per Lot |
| Indices | $1.20 Per Lot |
| Cryptocurrencies | $3.00 Per Lot |
| Payment Options |
Monthly Cash Back
|
| Swap Free | |
| Forex | $3.60 Per Lot |
| Oil / Energies | $1.20 Per Lot |
| Metals | $3.60 Per Lot |
| Shares / Equities | $0.60 Per Lot |
| Indices | $1.20 Per Lot |
| Cryptocurrencies | $3.00 Per Lot |
| Payment Options |
Monthly Cash Back
|
What are zForex rebates?
How do zForex rebates work?
When a trader links their new or existing forex trading account to us, the broker pays us a volume based commission for every trade that's placed. We then pay most of this back to our clients. Unlike a few of our competitors your spreads will never increase as a result of using our service. Instead, you'll pay lower transaction costs and increase your win ratio. Ultimately, you get a better deal working with us than working only with the broker.How much zForex rebates can I earn?
Which zForex rebate program is the best?
Will my zForex spreads increase?
How can it be better to work through a 'middle-man' than just working directly with zForex?
zForex rebates are similar in nature to a credit card rewards program. Let’s take a Visa credit card for example. When a consumer purchases something using a credit card the vendor incurs a fee of between 1.5% – 3% which they pay to Visa. Many consumers are enrolled in a credit card rewards program and receive approximately 1% cashback reward on any credit card purchase they make. Is it free money? Yes and no. It’s money the consumer would not have received if they were not signed up with the rewards program, however it’s paid for out of fees charged to the vendor who will naturally build such fees into the cost of their products.
A forex rebate provider typically has a contractual relationship with a number of different forex brokers and earns a commission for each trade placed by a trader they refer to the forex broker. The marketing benefits afforded to forex brokers by such a system are substantial, from actual referred clients to branding, added search engine visibility, etc. The rebate provider then pays the client a cash rebate from the commission they earn from the forex broker.
Are zForex rebates worth the effort?
The biggest obstacle to any forex trader is the cost of the transaction. It may seem small, but in fact it’s the biggest factor that gives the trader less than a 50% chance of winning any particular trade. This seemingly small cost can be devastating when compounded, and in the long term if the trader relies on luck alone they are sure to continually lose on their investment. zForex rebates reduce the cost of the transaction and increases a trader’s probability of winning. Still, a trader must rely on their trading skill to close the remainder of the gap.
Why don't you offer more forex rebate brokers?
We have chosen to focus on the more reliable, competitive and trustworthy brokers. If we were to add every forex broker that approached us we would have at least several hundred. Currently we have a relationship with all of the most popular broker’s across the globe. As a customer-focused company our paramount concern is that we send clients to broker’s where they will be able to withdraw their funds easily when the time comes; and experience fair trading conditions and good customer service.
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