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Do you want to know which is the better broker between Spreadex and ZFX ?
In the table below, you can compare the features of Spreadex , ZFX side by side to determine the best fit for your needs.
--
--
EURUSD:-0.2
EURUSD:-0.9
EURUSD:17.07
XAUUSD:34.57
EURUSD: -6.02 ~ 2.52
XAUUSD: -23.85 ~ 12.4
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of spreadex, zfx lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Spreadex Review Summary in 10 Points | |
Founded | 1999 |
Registered Country/Region | United Kingdom |
Regulation | FCA |
Market Instruments | indices, shares, forex, commodities, bonds, interest rates, exchange traded funds, options, cryptocurrencies, IPOs |
Demo Account | N/A |
Leverage | 1:30 |
EUR/USD Spread | 0.6 pips |
Trading Platforms | Online platform, Mobile trading, and TradingView |
Minimum Deposit | $1 |
Customer Support | Live chat, phone, email |
Spreadex is a UK-based brokerage firm, established back in 1999 and focused on a financial trading service providing, as well spread betting and sports betting, through its maintained office in London. Spreadex first moved into the online market in 2006 when it launched its website. Spreadex is regulated by the Financial Conduct Authority (FCA, registration number 190941) in relation to the spread betting services it offers.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros | Cons |
• FCA-regulated | • No MT4/5 trading platform |
• Offers various financial products, spread betting and trading services to retail and professional clients | • Limited deposit and withdrawal options compared to other brokers |
• Operates within regulatory restrictions for leverage levels | |
• Offers a range of educational resources | |
• Multi-channel customer support | |
• Many years experience in the indus | |
• Quick account opening and easy to use platform |
There are many alternative brokers to Spreadex depending on the specific needs and preferences of the trader. Some popular options include:
FP Markets - for traders seeking access to a wide range of trading platforms, advanced charting tools, and competitive pricing across various financial markets.
LiteForex - for traders looking for user-friendly MetaTrader platforms, a variety of analysis tools, and a range of trading instruments to choose from.
Global Prime - for traders who prioritize institutional-grade execution, access to multiple trading platforms, and a focus on transparent and reliable trading conditions.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Spreadex appears to be a legitimate broker for individuals interested in trading. The company is regulated by the United Kingdom Financial Conduct Authority (FCA, No. 190941), which adds a layer of safety and transparency for investors. Additionally, the fact that Spreadex offers clients segregated bank accounts can further enhance safety and security for their funds.Having many years of experience in the industry can also be seen as a positive sign, as it suggests that the company has a solid track record and established reputation.
However, it is always recommended for traders to do their own due diligence and research any potential broker before investing funds. Reviews and feedback from other traders can be helpful in determining the safety and legitimacy of a broker, as well as checking for any past incidents of fraud or other issues. Additionally, testing out the available trading platforms and customer support options can help to determine if a broker is a good fit for your individual trading needs and preferences.
Spreadex offers access to over 15,000 tradable assets, covering a wide variety of markets and instruments. This includes popular markets such as indices, shares, forex, commodities, and bonds, as well as interest rates, exchange traded funds, options, cryptocurrencies and IPOs .
Indices - Trade futures or daily contracts on a global selection of indices with tight spreads from 0.6 points. Access major markets worldwide.
Equities - Buy or sell shares of thousands of companies across the globe. Specialized capabilities in trading small-cap stocks.
Forex - Spot and futures forex pairs spanning hundreds of currencies. 24/5 trading from Sunday open to Friday close.
Commodities - Speculative opportunities across metals (gold, copper), energy (Brent crude, natural gas), and soft commodities (cotton, corn).
Fixed Income - Treasury products including UK Gilts, US T-Bonds, and interest rates like Short Sterling, Eurodollar.
ETFs - Gain index exposure efficiently by trading bundled equity ETFs without buying all constituent stocks.
Options - Limited online options suite complemented by broader phone trading capabilities.
Cryptocurrencies - Speculate on major crypto prices like Bitcoin and Ether through spread bets.
IPOs - Stay informed on upcoming and past initial public offerings for new trading prospects.
There seems only one single account available for all traders, which is the Standard account. To open a real account just with the minimum deposit of $1, which sounds a good opportunity for most traders to get started.
As a UK brokerage firm, Spreadex operates within regulatory restrictions for leverage levels. The maximum leverage offered to retail traders is 1:30 for major currency pairs and lower for other instruments. This limitation is in place to protect investors from significant losses and ensure responsible trading practices.
Professional traders, however, may have access to higher leverage ratios once their status is confirmed and specified conditions towards spread betting and trading services are met. This can provide experienced traders with the opportunity to increase their potential profits, but it should be noted that higher leverage also carries higher risk.
Overall, Spreadex's leverage offering is in line with regulatory restrictions and aims to promote responsible trading practices. Traders can still access a range of markets and instruments, but should be aware of the potential risks involved with higher leverages.
Spreadex offers variable spreads that can fluctuate throughout the day depending on market volatility. Major currency pairs such as EURUSD and GBPUSD have very low spreads of 0.6 and 0.9 pips respectively, which is competitive with other brokers in the industry. Spreads for minor and exotic currency pairs are comparable to most other brokers as well.
For all markets apart from shares, the fee is simply the spread between the buy and sell price. However, for shares, there is an interest rate charge applied to the total value of the stock. This fee typically amounts to 1.25%, but it can increase to 1.5% for smaller stocks and those with less liquidity.
There is no information available on any commissions charged by Spreadex. However, the competitive spreads and lack of hidden fees make Spreadex a potentially attractive option for traders looking to minimize their costs.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread (pips) | Commissions (per lot) |
Spreadex | 0.6 | No commissions |
FP Markets | 0.1 | $3 |
LiteForex | 1.5 | No commissions |
Global Prime | 0.0 | $7 |
Please note that this information may have changed since my last knowledge update, and it's always recommended to verify the latest details with the respective brokers directly.
Spreadex offers a range of trading platforms to cater to traders' different preferences and needs. The online platform is Spreadex's flagship trading platform, featuring a user-friendly interface and a range of tools and features. The platform allows traders to access all of Spreadex's tradable assets and markets, as well as providing access to a range of analysis tools and educational resources.
Mobile trading is available through Spreadex's mobile app, which is available for both iOS and Android devices. The app provides traders with a convenient and flexible way to access their accounts and trade on-the-go, with many of the same features and tools as the online platform.
Finally, Spreadex also offers integration with TradingView, a popular third-party charting software. This can allow traders to access advanced charting features and tools, as well as collaborate with other traders in the TradingView community.
Overall, Spreadex's range of trading platforms provides traders with a range of options to suit their individual needs and preferences, whether they prefer a desktop platform, mobile app, or third-party software integration.
See the trading platform comparison table below:
Broker | Trading Platforms |
Spreadex | Custom online platform, Mobile app |
FP Markets | MetaTrader 4, MetaTrader 5, IRESS |
LiteForex | MetaTrader 4, MetaTrader 5, WebTrader |
Global Prime | MetaTrader 4, WebTrader, FIX API |
Spreadex accepts deposits and withdrawals via Credit Card, Bank Transfer, Cheque, and Direct Debit. However, it does not currently accept deposits from E-Wallets such as Moneybookers, Paypal, Neteller, Ukash, etc. Deposits made by debit card under £50 are subject to a £1 fee. Spreadex does not accept any third-party payments.
Spreadex | Most other | |
Minimum Deposit | $500 | $100 |
International bank transfers and bank transfers in currencies other than sterling will be subject to additional charges. The minimum withdrawal amount is £50 cleared funds on your trading ledger that is not being used to support the margin/NTR on any open positions. If the available amount is less than £50, you will only be able to withdraw the full amount.
Spreadex offers card withdrawals which you'll receive within 2 hours of your withdrawal being approved. However, some card issuers may be unable to accept funds through this method, and in such circumstances, payments back to these cards will take 2-5 days to be received. Bank transfers should be in your account within 2 working days.
Overall, Spreadex's deposit and withdrawal options are limited compared to some other brokers, but the available options are low-fee and relatively quick processing times. It is recommended for traders to carefully review the available deposit and withdrawal options to ensure they meet their individual needs and preferences before investing funds.
Spreadex customer support channels available includes live chat, phone support, and email support. The financial desk can be reached at +44 (0)1727 895 151 while general inquiries can be directed to +44 (0)1727 895 000. The email address for customer service is info@spreadex.com.
Traders can also follow Spreadex on various social networks, including Twitter, Facebook, Instagram, YouTube, and LinkedIn. This can provide a convenient way to stay up-to-date on news and updates from the broker, as well as connecting with other traders and the Spreadex community.
Pros | Cons |
• Multi-channel support | • No 24/7 customer support available |
• Live chat support | • No information on multilingual support for non-English speakers |
• Social media presence on various platforms for easy communication and updates |
Note: These pros and cons are subjective and may vary depending on the individual's experience with Spreadex's customer service.
Spreadex offers a range of educational resources to support traders, including a video training center, account FAQs, charting FAQs, trading FAQs, and a financial spread betting glossary. These resources can provide traders with a solid foundation of knowledge and help them develop their skills and understanding of the trading markets and instruments.
The video training center offers a library of educational videos covering topics such as market analysis, technical analysis, and risk management. Traders can watch these videos at their own pace and access them at any time.
The account FAQs, charting FAQs, and trading FAQs provide answers to common questions and concerns that traders may have about using Spreadex's platform and services. These resources can provide guidance and clarity for traders who are new to the platform or may be experiencing technical issues.
Finally, the financial spread betting glossary provides definitions and explanations of key terms and concepts related to spread betting and trading. This can be a valuable resource for traders who are new to the industry or may be unfamiliar with some of the terminology and jargon used in trading.
Overall, Spreadex's educational resources can provide traders with a solid foundation of knowledge and help them develop their skills and understanding of the trading markets and instruments.
In conclusion, Spreadex is a regulated financial spread betting and CFD provider offering various trading instruments. With competitive spreads, a user-friendly online platform, and mobile trading capabilities, Spreadex aims to cater to traders' needs. As with any trading platform, it's essential to review the latest information, terms, and conditions to make an informed decision that suits your specific requirements.
Is Spreadex legit?
Yes. It is regulated by United Kingdom Financial Conduct Authority (FCA, No. 190941).
At Spreadex, are there any regional restrictions for traders?
Yes. The information on their website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any law or regulatory requirement.
Does Spreadex offer industry leading MT4 & MT5?
No. Instead, it offers Online platform, Mobile trading, and TradingView.
What is the minimum deposit for Spreadex?
The minimum initial deposit to open an account is $1.
Is Spreadex a good broker for beginners?
Yes. It is a good choice for beginners because it is regulated well and has many years experience in the industry, as well as offers various trading instruments with competitive trading conditions on multiple trading platforms.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Company Name | ZFX |
Registered Country/Region | London, UK |
Founded in | 2010 |
Regulation | FCA, FSA (Offshore) |
Tradable Assets | Forex, stocks, indices, commodities, cryptocurrencies |
Demo Account | Available |
Max. Leverage | 1:2000 |
Spread | From 1.3 pips (Standard account) |
Trading Platforms | ZFX mobile app, MT4 Web Trader, MT4 for Windows, Mac and Android & ios |
Minimum Deposit | $50 |
Customer Support | Mon - Fri: 24 hours, Sat - Sun: 07:30 AM to the next day 02:00 A |
Online chat, contact form | |
Phone: 400-8424-611 | |
Email: cs@zfx.com | |
Social media: Facebook, Instagram, LinkedIn, Twitter | |
Regional Restrictions | Residents of the United States of America, Brazil, Canada, Egypt, Iran, North Korea (Democratic People's Republic of Korea), and EU countries are not allowed. |
Zeal Group of Companies, often referred to collectively as the Zeal Group, is a conglomerate of fintech corporations and regulated financial institutions that trade under the name ZFX. The group specializes in providing liquidity solutions for various types of assets in regulated markets and is backed by exclusive technology. Furthermore, the Zeal Group operates globally, combining with their multi-asset specializations and regulatory frameworks, solidifies their position as a competitive player in the financial industry.
ZFX is a broker that offers several advantages and disadvantages to traders.
Pros | Cons |
• Regulated by the FCA | • No MT5 platform available |
• Multiple account types available | • No Islamic account option for Muslim traders |
• Demo accounts available | • Lack of info on deposits and withdrawals |
• Low minimum deposit requirement for the Mini Trading Account | • Regional restrictions |
• Wide range of funding options | |
• MT4 and proprietary trading platform supported | |
• Copy trading available | |
• Multi-channel support |
On the positive side, ZFX is a regulated broker, providing traders with demo accounts option, which is beneficial for beginner traders who want to practice their trading strategies before trading with real money. In addition, ZFX offers competitive trading conditions and low minimum deposit requirement through the popular MetaTrader4 trading platform.
On the negative side, no MT5 platform and no Islamic account option for Muslim traders. And ZFX doesn't reveal any info on deposits and withdrawals. Additionally, the broker does not provide services for residents of certain countries such as the United States of America, Brazil, Canada, Egypt, Iran, North Korea (Democratic People's Republic of Korea), and EU countries.
ZFX is a regulated broker. Its company name is Zeal Capital Market (UK) Limited, and it is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under the registration No. 768451. The FCA is one of the most reputable regulatory bodies in the world, and its strict regulations ensure that ZFX adheres to high standards of transparency and fairness.
ZFX's other entity, Zeal Capital Market (Seychelles) Limited, is authorized and offshore regulated by the Seychelles Financial Services Authority (FSA) under regulatory license number: SD027.
Additionally, ZFX ensures the safety of its clients' funds by keeping them fully segregated in a designated client bank account. This means that the clients' funds are kept separate from ZFX's operating funds. In the event that the company faces financial difficulties or becomes insolvent, the funds in these client accounts cannot be used to meet the liabilities of the company. This measure provides an added layer of security for ZFX clients, ensuring their capital cannot be used for any other purposes aside from their trading activities.
ZFX provides a comprehensive range of market instruments, catering to diverse trading preferences and strategies. This includes major asset classes such as forex, where traders can engage in currency trading across major, minor, and exotic pairs. For those interested in the stock market, ZFX offers the ability to trade stocks from leading global companies, allowing traders to tap into corporate performance and stock market trends.
Additionally, ZFX includes indices trading, which aggregates the performance of a number of stocks representing a segment of the stock market, providing a broader market exposure. Commodities are also available, offering opportunities to trade in essential goods such as oil and gold, which are often used as hedge investments against inflation or currency devaluation.
Furthermore, ZFX has embraced the growing interest in digital currencies by including cryptocurrencies in their offerings, thus allowing traders to speculate on the highly volatile crypto markets. Overall, ZFX's diverse selection of trading instruments ensures that traders have ample opportunities to diversify their portfolios and explore various market dynamics.
Apart from demo accounts, ZFX offers three types of trading accounts, namely Mini Trading, Standard Trading, and ECN Trading accounts. Each account has its own unique features and advantages, catering to different levels of traders with varying trading styles and preferences.
Account Type | Minimum Deposit |
Mini | $50 |
Standard STP | $200 |
ECN | $1000 |
Pros | Cons |
• Variety of account types to choose from | • Limited features in the Mini account |
• Low minimum deposit requirement for the Mini account | • High minimum deposit requirement for the ECN account |
• Access to high leverage for all account types | • No Islamic account option available |
Opening an account with ZFX is a simple and straightforward process that can be completed in just a few steps.
The maximum leverage offered by ZFX is up to 1:2000 and the leverage amount may vary depending on the account type and trading instrument. Additionally, ZFX operates on a tiered margin system, where the leverage is determined based on account equity. For accounts with equity between $0 and $3,000, the maximum leverage is 1:2000. For equity between $3,001 and $10,000, the maximum leverage is 1:1000. More detailed info on leverage can be found in the screenshot below:
Please note that high leverage carries a high level of risk, as it amplifies both potential profits and losses. Traders should carefully consider their risk tolerance and financial situation before utilizing high leverage ratios. ZFX also provides negative balance protection to help mitigate the risk of account balances falling below zero.
ZFX says it offers competitive spreads and commissions on its trading instruments.
Account Type | Spreads | Commissions |
Mini Trading | From 1.5 pips | N/A |
Standard Trading | From 1.3 pips | |
ECN Trading | From 0.2 pips |
For the Mini Trading account, the minimum spread for forex pairs is 1.5 pips. The Standard Trading account has a minimum spread of 1.3 pips for forex pairs. The ECN Trading account has a minimum spread of 0.2 pips for forex pairs. However, no specific info on commissions is revealed openly.
ZFX offers the popular trading platform MetaTrader 4 (MT4), which is widely recognized in the forex industry for its user-friendly interface and advanced trading tools. MT4 provides access to various order types, technical analysis tools, and customization options, making it suitable for both novice and experienced traders. In addition, ZFX offers mobile versions of the MT4 platform for both iOS and Android devices, enabling traders to access the markets from anywhere, at any time.
ZFX also provides a mobile application for its clients, ensuring they can trade on the go. This ZFX Mobile App offers access to all the major features of the trading platform and enables clients to manage their portfolio, place trades, and monitor the markets from their mobile device.
The mobile app can be a valuable tool for traders who need the flexibility to trade anywhere and anytime, while still having access to key functionalities of the platform. Before using the app, make sure it is downloaded from an official source like the App Store or Google Play to ensure security and authenticity.
ZFX offers a Copy Trade feature, which is great news for both beginner and busy traders. Copy trading, also known as social trading, allows traders to automatically copy the trades of experienced and successful traders. This can help beginners to learn trading strategies from experienced traders, and help busy traders to automate their trading. By using the Copy Trade feature, you can potentially increase your chances of making profitable trades.
ZFX is committed to providing an extensive educational framework to support both novice and experienced traders through their A-to-Z Academy, which offers comprehensive learning resources designed to master trading from the basics to advanced strategies. This initiative underscores ZFX's dedication to empowering its clients with the knowledge needed to navigate the financial markets confidently.
Additionally, ZFX enhances trader support with a 24/7 Help Center, serving as a constant trading support hub where traders can obtain assistance at any time.
The platform also features a detailed Glossary, which acts as a valuable dictionary for demystifying complex trading terminology, making the trading language more accessible to everyone.
Moreover, their FAQ section addresses common queries related to trading mechanics, account management, funding procedures, withdrawals, and specific product details.
Collectively, these educational resources equip ZFX traders with a solid foundation of knowledge and continuous support, facilitating a well-rounded and informed trading experience.
ZFX provides robust customer support with extensive availability and multiple communication channels to ensure that traders can receive assistance whenever needed. Operating hours extend throughout the week, with round-the-clock support from Monday to Friday and extended hours over the weekend from 07:30 AM to 02:00 AM the next day, accommodating traders across different time zones.
Traders can reach out via online chat for immediate responses, use the contact form for less urgent inquiries, or call directly through the phone number 400-8424-611 for personalized assistance. Additionally, ZFX can be contacted through email at cs@zfx.com for comprehensive support.
The broker also maintains a strong presence on several social media platforms including Facebook, Instagram, LinkedIn, and Twitter, allowing traders to stay connected and informed about the latest updates and offerings. This multi-faceted approach ensures that ZFX's clients receive timely and effective support, enhancing their trading experience.
Overall, ZFX is a reputable option for traders looking to access the financial markets. The broker's maximum trading leverage of 1:2000, based on account equity, is one of the highest in the industry and can provide traders with significant opportunities for profit. Additionally, competitive spreads and a choice of popular MT4 trading platforms further strengthen ZFX's position as a reliable broker.
Question 1: | Is ZFX regulated? |
Answer 1: | Yes. It is regulated by FCA and FSA (Offshore). |
Question2: | At ZFX, are there any regional restrictions for traders? |
Answer 2: | Yes. It does not provide services for residents of certain countries such as the United States of America, Canada, Egypt, Iran and North Korea (Democratic People's Republic of Korea). |
Question3: | Does ZFX demo accounts? |
Answer 3: | Yes. |
Question4: | Does ZFX offer industry leading MT4 & MT5? |
Answer 4: | Yes. It supports MT4 and ZFX Mobile App. |
Question5: | What is the minimum deposit for ZFX? |
Answer 5: | $50 for the Mini Trading account, while higher for other account types. |
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive spreadex and zfx are, we first considered common fees for standard accounts. On spreadex, the average spread for the EUR/USD currency pair is -- pips, while on zfx the spread is From 0.2.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
spreadex is regulated by FCA. zfx is regulated by FCA,FSA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
spreadex provides trading platform including -- and trading variety including --. zfx provides trading platform including ECN,Standard STP,Mini and trading variety including --.