Trading Account Types
ZFX provides three types of trading accounts to meet the varying needs of forex and CFDs investors. You can start trading Forex, commodities, stock indices, and shares on our ZFX MT4 platform right after registering an account.
Take a look at the comparison table below and choose a forex account that best suits your risk appetite and available capital.
ZFX Trading Account FAQs
As a regulated CFD broker, ZFX offers 100+ assets including Forex, stock indices, commodities (precious metals & crude oils), and shares to our clients. You can immediately trade all the assets our online trading platforms right after opening an account and make a deposit.
Opening an account with ZFX is an easy process, which can be completed in minutes.
First, click the ‘Open a Live Trading Account’ button. This will take you to the registration page, where you can fill in your personal details (name, phone number, date of birth etc.).
Then you choose a password and enter your account for the first time.
Later, you will need to take some additional steps to verify your identity and withdraw funds – but for now, your new account is all set up!
It’s important for us to verify your identity when you open an account with us. So, we ask you to provide some personal details, including your name, mobile phone number, email address, gender, and date of birth. Putting this information into the system is easy, and takes only 3 minutes.
Then, once you’ve opened your account you will need to verify your identity and submit your bank information. To do this you will need a valid national ID card, driver’s license or passport. We’ll ask you to scan or photograph select pages of your ID and upload them to us just so we can check you’re the same person who opened the account.
Finally, we’ll need you to show us some proof that you own a bank account. This could be a photo of the first page of your bank book or a copy of your bank statement. The bank account you use to verify your identity must be the same as the bank account you submitted when you opened your trading account with ZFX.
Although the demo account and the live account use the same Metatrader 4 software, they do very different things.
The demo account is intended to be a training tool for new traders to experience the markets with virtual currencies in a controlled, risk-free environment. It doesn’t guarantee the same transaction results as the live account, and you should always take the real price data from a live account.
You can fund your account by making a deposit from Bank Wire and Credit Cards. The minimum deposit is $50 each time. We don’t charge any fees for making a deposit.
To withdraw your funds, log-in to the MyZFX User Center and click on ‘withdrawal’. Then follow the instructions on the web page to submit and confirm a withdrawal request. It’s important to make sure that you’ve already submitted the relevant identity verification documents (ID and proof of bank account) before you try to make a withdrawal.
We need to have this verification info before we can release any money to you. In addition, if it’s your first withdrawal, customer service will give you a call to verify your identity in person. The minimum withdrawal amount is around $15.
※ Quick reminder: The calculation of available withdrawal amount with the open position(s) is: cash for available withdrawal = Equality – credit – 2 x used margin.
At ZFX, we take cybersecurity very seriously, and you can rest assured that we’re taking rigorous steps to keep your funds safe.
Your money is completely separated from our ZFX business operations and deposited in a separate bank account from the company’s bank account. Money transfers must be approved by you and you only. No individual or organization can withdraw from your trading account and we guarantee the security of your funds.