ZitaPlus review and ratings

Established 2024
Location British Virgin Islands
Regulation BVIFSC
Offices Road Town, Dubai
Broker type STP | ECN
Leverage up to 1:1000
Deposit from 100 USD
Spreads mid  mid
Platforms Web MetaTrader 5
Instruments Currencies Indices Metals Energies Stocks
Funding methods Wire Transfer Bitcoin Ethereum Liteсoin Tether

Company information

ZitaPlus is a forex broker located in the British Virgin Islands, regulated by the BVI Financial Services Commission (BVIFSC).

Availability

ZitaPlus accepts clients from all over the world, excluding USA, Canada, Ukraine, Belarus, Russia, Turkey, Japan, New Zealand, Israel, Iran, Iraq, Syria, Congo, Yemen, Afghanistan, Somalia, Sudan, Myanmar, North Korea, Cuba.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

45+ Currency Pairs Based on major and minor world currencies.
12 Indice CFDs Based on baskets of different blue-chip stocks.
4 Metal CFDs Based on Gold, Silver, Platinum, Palladium.
3 Energy CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.
50+ Stock CFDs Based on shares of top-rated US companies.

Comprehensive review

ZitaPlus is a forex and CFD broker that was launched in 2024. The broker is officially registered in the British Virgin Islands, while its physical office is located in Dubai. It is regulated by the BVI Financial Services Commission (BVIFSC), offering a degree of legal oversight while still maintaining the flexibility in trading conditions that is often associated with offshore jurisdictions.

A unique thing to note about ZitaPlus is that crypto is the main method for depositing and withdrawing funds, with the cryptocurrencies Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT) and USD Coin (USDC) being among those supported. This is unlike many other forex brokers we have reviewed, which often prefer deposits made via bank transfer or traditional payment cards. With ZitaPlus, these traditional methods are not even an option, although Asian online money transfer services like Ubank, DuitNow and Pompay are supported in their respective regions.

The minimum funding amount with ZitaPlus is just $10, making this broker accessible for almost everyone. The broker does not charge any fees for processing deposits, but a 1.5% to 2.5% fee applies to Ubank, DuitNow and Pompay withdrawals.

Besides its embrace of crypto, another standout feature of ZitaPlus is its high-quality market analysis publications – a useful resource for traders who rely on both technical and fundamental insights to make trading decisions. This section of the website is updated more or less every trading day, with special coverage whenever major market-moving news breaks.

In terms of trading leverage, ZitaPlus takes a hands-off approach and allows clients to set it as high as 1:1,000 on the most liquid trading pairs. There is, in other words, no doubt that ZitaPlus caters to both professional and retail traders looking to maximize their buying power in the market, even if they have relatively little capital available. That said, traders should remain cautious with such high leverage, as it significantly increases the risk of large losses.

With ZitaPlus, traders can choose from four different account types, each with its own pros and cons depending on one's trading style:
– Standard Trading Account, with a minimum deposit of $250, spreads from 1.2 pips, and commission-free trading.
– Raw Trading Account, with a minimum deposit of $100, spreads from 0 pips, and fixed commissions of $8 on forex and $12 on metals.
– Swap-Free Trading Account, with a minimum deposit of $5,000, spreads from 0.7 pips, and fixed commissions of $8 on forex and $12 on metals.
– PRO Trading Account, with a minimum deposit of $10,000, spreads from 0.6 pips, and commission-free trading.

Like many brokers today, ZitaPlus supports trading on the MetaTrader 5 (MT5) platform, known as one of the most popular platforms in the world among retail forex traders. As usual, MT5 is available via web browser as well as downloadable desktop and mobile versions, giving traders access to the platform from basically anywhere. The platform supports both manual and algorithmic trading, making it a useful and reliable choice for many types of traders.

ZitaPlus offers a decent range of tradable instruments across multiple asset classes. Traders can choose from more than 45 forex pairs, 12 stock indices, including popular benchmarks like the S&P 500, FTSE 100, and Germany's DAX. In addition, the broker offers a small selection of commodity CFDs, as well as CFDs that track around 50 popular stocks listed in the US.

In summary, ZitaPlus is a promising offshore broker that offers flexible trading conditions, a modern and popular trading platform, and a strong focus on education and research. With its regulated status in the British Virgin Islands and support for crypto deposits, we believe it is well-positioned to appeal to a broad range of traders from around the world in the coming years.

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