ZFX at a glance
Founded in 2017, ZFX is an international multi-asset CFD and forex brokerage operating under the Zeal Group umbrella. The brand operates via UK Financial Conduct Authority-regulated Zeal Capital Market (UK) Limited (FRN: 768451) for institutional services and Seychelles Financial Services Authority-regulated Zeal Capital Market (Seychelles) Limited (Licence No. SD027) for global retail trading, offering execution across forex, shares, indices, commodities, and cryptos via MetaTrader 4 (MT4), MetaTrader 5 (MT5), and mobile apps.
ZFX reports a founding year of 2017 and a head office in Victoria, Mahé, Seychelles (UK Corporate Office: London, United Kingdom). It lists 2 regulators and 6 trading platforms.
BrokerBazaar verdict
ZFX (Zeal Capital Market / Zeal Group) is an international retail CFD and forex brokerage established in 2017. While backed by an institutional entity regulated by the UK FCA (FRN: 768451), retail operations are routed offshore through the Seychelles FSA (Licence No. SD027). Offering high leverage up to 1:2000, full MT4/MT5 support, and Equinix data cross-connectivity, it represents a flexible platform carrying moderate offshore counterparty risk.
Legal entities, regulation and licences
ZFX operates through 2 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by no regulator we could map to a public register.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
ZFX states that it accepts clients from International retail onboarding across Asia, the Middle East, Africa, and Latin America (Excluding United States, Canada, European Union retail, Japan, North Korea, Iran, and sanctioned jurisdictions). Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: Forex CFDs, Share CFDs (US & European equities), Index CFDs, Precious Metals (Gold, Silver, Platinum), Energy Commodities (Crude Oil, Natural Gas), Cryptocurrency CFDs. Platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), MT4 WebTrader, ZFX Mobile App (iOS / Android), MT4, MT5. Account types: Mini Trading Account, Standard Trading Account, ECN Trading Account, Islamic Swap-Free Account, Demo Account.
Best-for tags assigned by our team: High Leverage, Forex Trading, CFD Trading, Copy Trading, MetaTrader 4, MetaTrader 5, Equinix LD4 Latency, ECN Accounts.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is $50. Spreads start from From 0.2 pips and commission is None (standard) · $0 (raw). Maximum leverage is 1:2000, subject to the cap of the entity that holds your account.
Swap-free / Islamic account: not specified. Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Credit Card, Debit Card (Visa / Mastercard), Bank Wire Transfer, Local Bank Transfer, Cryptocurrencies (USDT, BTC), Perfect Money. Withdrawal methods: Bank Wire Transfer, Local Bank Transfer, Cryptocurrencies, Credit / Debit Card.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Not specified. Scalping allowed: Not specified. Algorithmic trading allowed: Not specified. News trading allowed: Not specified. Hedging: not specified.
Client-money rules follow the regulator of the entity that holds your account. Check that regulator's rules on its register.
Complaints and dispute process
Formal complaints: complaints@zfx.co.uk. Phone: +44 207 157 9968. Customer complaints are processed by the Compliance and Legal Department of Zeal Capital Market. For retail clients registered under the offshore Seychelles entity (Zeal Capital Market (Seychelles) Limited), unresolved disputes may be escalated to the Financial Services Authority (FSA) of Seychelles. Retail client funds are maintained in segregated trust accounts separated from corporate operational capital. In the UK, Zeal Capital Market (UK) Limited is authorized and regulated by the Financial Conduct Authority (FCA FRN: 768451); eligible UK clients have access to the Financial Ombudsman Service (FOS) and the Financial Services Compensation Scheme (FSCS) up to £85,000 in the event of default. International retail clients contracted under the Seychelles entity do not qualify for UK FSCS statutory compensation.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: Zeal Group maintains a Tier-1 regulatory presence via FCA-authorized Zeal Capital Market (UK) Limited
- Strength: High flexible leverage up to 1:2000 available for global retail traders on Mini and Standard accounts
- Strength: Full platform support across both MetaTrader 4 and MetaTrader 5 desktop, web, and mobile configurations
- Strength: Low entry threshold with a $50 minimum deposit on the Mini Trading Account
- Strength: Integrated social copy-trading environment allowing automated portfolio copying of top traders
- Limitation: Global retail clients are contracted under the offshore Seychelles FSA entity without statutory compensation
- Limitation: UK FCA entity operates primarily for institutional and professional business rather than retail accounts
- Limitation: ECN account requires a higher initial capital commitment of $1,000 minimum deposit
- Limitation: Does not offer real physical equities or physical deliverable cryptocurrencies
- Limitation: Services are strictly prohibited to residents of the United States, Canada, and the European Union
Who this broker suits, and who it does not
ZFX is most relevant to traders looking for: High Leverage, Forex Trading, CFD Trading, Copy Trading, MetaTrader 4, MetaTrader 5, Equinix LD4 Latency, ECN Accounts.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
ZFX change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for ZFX yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about ZFX
Data sources. Broker submission, the regulator registers linked above, ZFX website and regulation help page, web-archive and domain records, and third-party traffic data. Last register check 2026-10-10. External ratings: Trustpilot 2.9/5; Forex Peace Army 3.15/5; WikiFX 5.56/10; TraderVerified (Composite Assessment) 62.3/100.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We may receive a referral fee if you open an account with ZFX through our links; this never affects scores or verification. How we make money. Trading leveraged products carries a high risk of loss.