Z.com Trade group includes 2 related companies.
Z.com Trade UK - located in the United Kingdom, regulated by the Financial Conduct Authority (FCA).
Z.com Trade HK - located in Hong Kong, regulated by the Securities & Futures Commission (SFC).
Be aware, UK company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
Z.com Trade accepts clients from all over the world, excluding USA, Canada, Iran and some third-world countries.
Forex broker offers the following underlying assets for trading.
|55+ Currency Pairs
|Based on major and minor world currencies.
|5 Crypto Pairs
|Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple.
|10 Indice CFDs
|Based on baskets of different blue-chip stocks.
|4 Metal CFDs
|Based on Gold, Silver, Platinum and Palladium.
|3 Energy CFDs
|Based on Crude Oil (WTI, Brent) and Natural Gas.
Founded in 2011, Z.com Trade is an online forex & CFD broker located in both the United Kingdom as well as Hong Kong. It is regulated in both locations – the Financial Conduct Authority (FCA) in the UK, and the Hong Kong Securities and Futures Commission (SFC) in Hong Kong. Having operated under such comprehensive regulations since 2011 certainly adds to its credibility as a reliable and serious broker that traders can trust.
Z.com Trade is owned by its parent company GMO Financial Holdings Inc. The broker also has an affiliated company called GMO Click Securities Ltd. GMO Financial Group has been ranked number one by global retail forex trading volume, and has also won awards such as ‘The Outstanding Brand Awards’ by Economic Digest for 6 consecutive years.
In the UK, Z.com trade UK offers forex and CFDs based on indices and commodities. There are 55 FX pairs, 7 commodities and 10 indices to choose from.
Under the Hong Kong registered entity, however, Z.com only offers FX pairs for its clients, and no commodity and stock CFDs. In a sense this makes them a more specialized broker, but with limited services. Overall, 16 currency pairs are offered – mainly popular currencies such as EUR/USD and EUR/GBP. The broker does not charge commissions om trading, and instead relies on spreads to generate revenue.
Timing of market operations are also stated clearly, with the trading platform being open for order submissions 24 hours a day, 365 days a year, while trading hours follow the regular Monday to Friday FX trading schedule. There is also a scheduled maintenance period every Saturday when order submissions are not available.
Z.com Trade Hong Kong offers its very own unique trading platform, called Z.com Trader Web. It is available in in 3 different versions – web, iOS and Android – to cater to mobile trading on the go for increased convenience. What’s special about this platform is its one-click order with instantaneous execution. There is also an all-in-one trading screen where everything can be viewed neatly in a dashboard.
For UK-based traders, Z.com Trade UK offers the standard MetaTrader 4 (MT4) trading platform. Further, the types of trading accounts available are as follows:
– Classic Account
– ECN Account
– ECN Plus Account
– Professional Account
Classic accounts have a minimum deposit of EUR/GBP/USD 50. Maximum leverage is 30:1, with floating spreads as low as 0.1pips. This is targeted at traders who wish to trade without commission.
ECN accounts are essentially the same as classic accounts, just that the floating spreads are even lower – starting from zero pips and trading is commission-based.
For the ECN Plus Account option, the minimum account balance has to be at least EUR/GBP/USD 10,000. This is a more personalized trading account for expert traders with larger trading accounts.
Minimum deposit requirements vary by the country the trader is based in, and with the UK-based entity this is set to GBP 50, or the equivalent in another currency. Due to EU regulations, the maximum leverage here is only 1:30, although it can go as high as 1:200 for traders who qualify as a “Professional client.”
Deposits can be made through a variety of payment methods, with no deposit fee. Withdrawal fees apply based on the method of payment and can be as high as 4.95% of the amount withdrawn. If paying by bank transfer, the bank charges apply and external charges will also be applied based on the currency exchange.
Z.com Trade also provides its clients with regularly updated news about their products and services. For example, they will post advance notices about market hours changing in the upcoming week or month to allow clients enough time to adjust to these changes.
Clients can contact the customer service staff of Z.com Trade by live chat or phone during office hours. There is also a phone number provided for urgent assistance outside of regular office hours, for added convenience.