ZX Markets-Overview of Minimum Deposit, Leverage, Spreads

General Information & Regulation

ZX Markets is allegedly a part of the Reputed IBC Global Investment House Limited., incorporated and registered IBC with the Financial Services Authority (FSA) Seychelles. It is an STP forex broker registered in the UK that claims to provide its clients with various tradable assets with flexible leverage up to 1:400, variable spreads and commission-free on the X-Web and X-Mobile, as well as a choice of three different live account types.

Market Instruments

ZX Markets advertises that it offers a wide range of CFD trading in financial markets, including forex, metals, commodities, indices and shares.

Account Types

There are three live trading accounts offered by ZX Markets, namely X-Standard, X-Premium and X-Pro. Opening an X-Standard account requires the minimum initial deposit amount of $200, while the other two account types have much higher minimum initial capital requirements of $2,000 and $5,000 respectively. This broker also offers free demo a/c, experience time varies depending on account types. In particular, the X-Standard account can experience 2 weeks, while the X-Premium account has 1 month to experience and the X-Pro account can enjoy unlimited free demo a/c.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the X-Standard account can experience leverage of 1:200, while the X-Premium and X-Pro accounts can enjoy the maximum leverage of 1:400. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Spreads & Commissions

ZX Markets claims that different accounts can experience quite different spreads. For example, clients on the X-Standard account can experience Standard spreads, while the X-Premium account with Premium spreads and the X-Pro account with Pro spreads. All charging no commissions.

Trading Platform Available

Platforms available for trading at ZX Markets are X-Web and X-Mobile. The broker says that the X-web platform is easy to use and does not require any installation or download it can be accessed by clients through a PC or Laptop from anywhere in the world. While the X-mobile is available on iOS and Android devices and clients can download it for free on their phones or tablets and start trading on the go.

In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

ZX Markets work with three different payment methods, consisting of Bank transfers, credit/debit card such as Visa, and Neteller. The minimum initial deposit requirement is said to be $200. The broker also charges some withdrawal fees. Withdrawal via international bank transfers may incur bank transfer charges of about $20 (depending on the country). As for the processing time of deposit and withdrawal requests, the broker says it will try its best to process the deposits instantly but due to verification of deposit and high volumes of deposit, it could take a few hours to reflect in your trading account. Also, it promises to process the withdrawals in a maximum of 7 working days though in most cases clients receive the funds much earlier. This is also dependent on the country to country and method of withdrawal since international bank wire transfers may take longer than local transfers.

Customer Support

ZX Markets‘ customer support can be reached by telephone: +442032899941, email: support@zxmarkets.com or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms such as Twitter, Facebook and Skype. Head office: Kemp House, 160 City Road, London, EC1V 2NX. The United Kingdom. Address: Suite 3 Jivan’s Complex, Mont Fleuri Mahe, Seychelles.