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Zetradex is a legally registered forex broker located in Mwali, regulated by the Mwali International Services Authority (MISA).
Zetradex accepts clients from all over the world, excluding USA and most OFAC sanctioned countries.
Forex broker offers the following underlying assets for trading.
| 40+ Currency Pairs | Based on major and minor world currencies. |
| 6 Crypto Pairs | Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Dash. |
| 10 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 2 Metal CFDs | Based on Gold and Silve. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 50+ Stock CFDs | Based on shares of well-known US companies. |
Zetradex is a forex broker registered in the offshore jurisdiction known as Mwali. The broker offers some of the highest leverage of any forex brokers we have reviewed (a whopping 1:3,000), and accepts clients from almost all countries in the world.
Partly thanks to its registration offshore where regulators take a more hands-off approach, Zetradex is able to accept account funding directly in crypto, without going through a third-party. Like all other payment methods Zetradex accepts, crypto deposits are credited to accounts instantly with no processing fees charged by the broker. At the time of writing, the accepted cryptocurrencies are Bitcoin (BTC), Litecoin (LTC), Dogecoin (DOGE), Peercoin (PPC), Dash (DASH), Reddcoin (RDD), Zcash (ZEC), BlackCoin (BLK), and the stablecoin Tether (USDT).
Other than crypto, Zetradex accepts account deposits made via international bank transfer, Visa, MasterCard, China UnionPay, Sticpay, Payeer and mobile transfers in Africa. Additionally, local bank transfers are accepted in South Africa, Nigeria, Indonesia, Malaysia, Thailand, Vietnam, India, Brazil, Chile, Argentina, Mexico, Peru, Colombia, and Bolivia.
A notable thing about Zetradex is the proprietary web-based trading platform the broker has developed. With advanced TradingView charts fully integrated into the platform, Zetradex's Webtrader should be able to cover most traders' needs in terms of chart drawing tools and technical indicators. Meanwhile, the platform also supports all kinds of order types, including market and pending (limit) orders. It also gives users the ability to switch between different accounts, which can be very useful for traders who manage money for others.
As has become the norm these days, the trading platform is available both in a desktop web version and as mobile apps for Apple, Android, and Huawei phones.
In terms of tradable instruments, Zetradex has something that should suit most traders. The selection includes more than 40 forex pairs, a handful of the most traded crypto pairs, major global stock indices, precious metals, oil and natural gas. Additionally, a selection of around 50 of the most popular US-listed stocks is available as well.
Like most brokers we have reviewed here on FX-List, the trading instruments on Zetradex are available as contracts-for-difference (CFDs). These are a type of derivative of the actual underlying asset, but they are traded in essentially the same way as the underlying would be traded. Among the benefits of trading for example a stock CFD instead of an actual stock is that much more leverage is available on CFDs, and that it is as easy to trade it short (profit from falling prices) as it is to go long (profit from rising prices).
To reach out to Zetradex's customer support, clients can use email or messaging apps like WhatsApp, Telegram, Lina, Zalo, and Facebook Messenger. The broker promises that its support team is available during most of the day on working days.
All in all, we see Zetradex as an offshore forex broker that offers a pretty good product, both in terms of the instruments that can be traded, and the web-based trading platform it supports. We also like the ability to use super-high trading leverage here, although it should be stressed that such high leverage can be a double-edged sword. However, for those who know how to manage risk, high leverage and a solid trading platform can be a good foundation for profitable trading.
