Z.com Forex Review |
|
| 📅 Year founded |
2011 |
| 📈 Multiple top-tier regulation |
Yes |
| 📍 Headquarters |
Kowloon, Hong Kong |
| 🌍 Country of regulation |
United Kingdom / Hong Kong |
| ✅ Regulators |
FCA / SFC |
| 📈 Execution Type |
Market Execution |
| 💰 Minimum Deposit |
$50 USD |
| 🛡️ Negative Balance Protection |
Yes |
| 📉 Trading Platforms |
Z.com Trader |
| ☪ Islamic account |
None |
| 📉 Trading Instruments |
Forex / Indices / Commodities / Cryptocurrencies |
| 📱 Mobile trading |
iOS / Android / Windows |
| 💳 Payment Types Accepted |
Debit and Credit Card / Bank Wire Transfer / eWallets |
| 🎮 Demo Account |
Yes |
| ⓒ Copy Trading |
Yes |
| 🎁 Bonus Offer |
None |
| 💰 Account Currencies |
USD / HKD |
| 📈 Minimum Trade |
0.01 Lots |
| 📈 Account Types |
ECN / STP |
| 📈 Margin Trading |
Yes |
| 📈 Trading fees |
Low |
| 📈 Inactivity fee |
None |
| 💰 Withdrawal fee |
None |
| ☎ Customer Support |
24/5 |
| 💰 Max. Leverage |
20:1 |
| ✔️ Hedging Allowed |
Yes |
| ✔️ Scalping Allowed |
Yes |
| 💰 Commission |
None |
| 💰 Spreads |
From 0.1 pips |
| 💰 Leverage |
Flexible |
| 💰 Currency Pairs (Total Forex pairs) |
55 + |
| 🔢 Number of clients |
Unknown |
| 🥇 Instruments Offered |
75 + |
| 📙 Education |
Walk-in Appointments / Seminars |
WHAT IS Z.COM?
Z.com is a prominent online forex and CFD broker that forms part of the GMO CLICK Group, one of the largest retail forex groups in the world by trading volume. The brand represents the group’s global expansion efforts, with the name “Z.com” chosen for its recognition and simplicity, being one of only three single-letter domain names available.
Regulated by the Financial Conduct Authority (FCA) in the UK and the Securities and Futures Commission (SFC) in Hong Kong, Z.com is committed to upholding the highest standards of regulatory compliance.
This regulatory oversight assures traders of the integrity of their trading operations and the safety of their investments. The FCA and SFC are well-known for their strict regulatory environments, which include stringent capital requirements and compliance protocols.
These regulations ensure that the broker operates with transparency and reliability, providing financial services that adhere to the highest standards of security.
Operating globally, Z.com offers a wide array of trading instruments and leverages cutting-edge technology to provide a seamless trading experience. The broker’s strong regulatory backing and commitment to providing secure and competitive trading conditions make it a reputable choice for traders looking for a reliable trading partner in the forex market.
INTRODUCTION
Z.com was launched as part of the GMO CLICK Group’s strategy to extend its reach beyond the Asian markets, where it already held significant clout as one of the top forex trading providers. With a solid foundation laid down by years of experience in Japan, where the group originated, Z.com was envisioned as a global brand that would embody both accessibility and excellence in the forex industry.
The introduction of Z.com to the international market marked a pivotal step in GMO CLICK Group’s global expansion. The broker set out to democratise forex trading by offering user-friendly, technologically advanced platforms accessible to traders of all experience levels around the world.
From its inception, Z.com has placed a strong emphasis on adhering to regulatory standards and enhancing trader security, which has been pivotal in establishing its credibility in the highly competitive forex market.
The broker’s alignment with top-tier regulatory bodies like the FCA in the UK and the SFC in Hong Kong underscores its commitment to fair and transparent trading practices. This regulatory framework not only protects traders but also instils confidence among clients by ensuring that the broker operates under strict oversight and with a high degree of professionalism.
As Z.com continues to grow, it remains focused on its mission to provide reliable trading services that are backed by innovation in technology and a customer-centric approach. Its global operations have been tailored to cater to a broad audience, from seasoned traders looking for robust trading solutions to beginners needing a straightforward platform to start their trading journey.
PROS & CONS
PROS
- Low trading costs with no commissions being charged.
- Low minimum deposit ensures the broker is easily accessible to all clients.
- Strong regulatory framework.
CONS
- Limited educational resources for beginners.
- Limited range of trading instruments available.
TRADING INSTRUMENTS
Z.com offers a diversified portfolio of trading instruments, ensuring that traders have access to a wide range of markets from a single trading platform. This variety allows traders to engage with different asset classes based on their investment preferences, risk tolerance and market conditions.
Forex
As a core offering, Z.com provides a vast selection of currency pairs. Traders can engage in transactions across major pairs, minor pairs as well as more exotic currencies.
This extensive forex offering of over 55 pairs is designed to cater to both day traders looking for volatility and long-term traders seeking stability.
Indices
For those interested in a broader market exposure, Z.com offers trading in major global indices. These include benchmarks from the U.S., Europe, Asia and other regions, such as the S&P 500, FTSE 100 and Nikkei 225.
Index trading at Z.com allows clients to speculate on the overall movement of stock markets without having to analyse individual stocks.
Commodities
Commodity trading is another key aspect of Z.com’s offerings. Traders can participate in markets for precious metals and energies, ranging from gold and silver to oil and natural gas.
Commodities are often used by traders as a hedge against inflation or currency devaluation, making them a critical part of diversified trading strategies.
Cryptocurrencies
Recognising the burgeoning interest in digital assets, Z.com also provides its clients with the ability to trade in popular cryptocurrencies. This includes Bitcoin, Ethereum and other significant digital currencies.
Cryptocurrency trading at Z.com is supported by robust security measures to ensure the safety of client assets and data.
Each trading instrument at Z.com is supported by competitive pricing, advanced trading tools and comprehensive market analysis to enhance the trading experience. Additionally, Z.com’s broad range of instruments allows traders to take advantage of correlations between different markets and effectively manage risks by diversifying their investments.
This broad spectrum of available trading options is designed to cater to the dynamic needs of modern traders, providing them with ample opportunities to capitalize on global financial markets.
TRADING PLATFORMS
Z.com’s commitment to providing a superior trading experience is prominently reflected in its own proprietary platform, Z.com Trader. This platform is tailored to meet the needs of modern traders and is available in several forms: desktop, mobile app and web trader.
Each version is designed to offer seamless and efficient trading experiences, with an array of tools and features to cater to both novice and experienced traders.
Z.com Trader Desktop
The desktop version of Z.com Trader is engineered for performance and depth. It offers a robust set of trading tools including advanced charting capabilities, a suite of technical indicators and integrated risk management features.
The platform is designed for traders who require comprehensive analytical tools to help in decision making and strategy formulation. The interface is user-friendly yet powerful, catering to traders who need the full functionality of a comprehensive trading environment.
Z.com Trader Mobile App
Understanding the needs of traders on the go, Z.com provides a mobile version of its platform. This app allows traders to access their accounts and trade directly from their smartphones or tablets.
The mobile app is optimised for a smaller screen, ensuring that users have a streamlined experience that maintains the core functionality of the desktop version. Features such as real-time quotes, charting and account management tools are all accessible, enabling traders to react promptly to market movements no matter where they are.
Z.com Trader Web
For traders who prefer flexibility and convenience, the web version of Z.com Trader offers a powerful, no-download solution accessible from any web browser. This platform ensures that traders can access their accounts from various devices without the need to install any software.
It includes key trading functionalities like real-time data, one-click trading and a range of analytical tools, making it suitable for traders who need quick and easy access to the markets.
All versions of Z.com Trader are integrated with each other, allowing traders to switch seamlessly between them depending on their trading context and preferences. Each platform maintains a high level of security, ensuring that all trading activity is protected with the latest encryption technologies.
Additionally, Z.com Trader platforms are designed with user experience in mind, featuring customisable interfaces and intuitive navigation, which help to reduce the learning curve for new traders while providing powerful tools that seasoned traders expect. This focus on technological innovation and user-centric design is a testament to Z.com’s commitment to making forex trading accessible and profitable for traders of all levels.
ACCOUNT TYPES
Unlike many brokers that segment their services into various account types, Z.com takes a unified approach to its account offerings. This approach means that all traders, regardless of their investment size or trading experience, enjoy the same trading conditions under a single, streamlined account type.
This simplicity ensures that every trader accesses the full range of Z.com’s services and trading opportunities without the complexity of choosing between different account models.
Features of the Z.com Account:
- Minimum Deposit: The account can be opened with a minimum deposit of just $50 USD, making it accessible to a wide range of traders, from novices to more experienced individuals looking to explore Z.com’s trading environment without a significant initial commitment.
- Leverage: Z.com offers leverage up to 20:1. This level of leverage is designed to strike a balance between providing traders with the power to magnify their potential returns, while also limiting exposure to high-risk scenarios. It is particularly suitable for new traders who might not be accustomed to managing the risks associated with higher leverage.
- No Commission Charges: Traders benefit from no commission charges on trades, which simplifies cost calculations and enhances potential profitability. This feature is particularly attractive for high-frequency traders who execute a large number of transactions.
- Spreads:com offers floating spreads starting as low as 0.1 pips. Floating spreads can be particularly advantageous in a volatile market as they often tighten during periods of high liquidity, allowing traders to execute trades at near-optimal prices.
The simplicity of Z.com’s account structure is a significant advantage for users who prefer a straightforward trading experience without the hassle of comparing and contrasting different account types and conditions. This unified approach not only democratises access to the forex markets but also aligns with Z.com’s ethos of transparency and fairness.
All traders have equal access to all trading instruments and platforms, with the same competitive conditions, fostering a more inclusive trading environment.
Furthermore, Z.com’s account setup is designed to accommodate various strategies including scalping, swing trading and long-term investing, thanks to its versatile trading conditions. This flexibility ensures that traders can adapt their trading strategies as their experience and market understanding deepen, all within the same account type.
Overall, Z.com’s straightforward account offering is designed to meet the needs of a diverse clientele, providing a user-friendly platform that supports traders in navigating the forex markets effectively.
HOW TO OPEN AN ACCOUNT
Opening an account with Z.com is straightforward and can easily be done via the broker’s website. Firstly, trdaers are required to submit their personal information, as well as providing the documents required by the broker for verification.
Once these documents are verified, traders are able to select their account type, deposit funds and begin trading.
DEMO ACCOUNT
Z.com offers a demo account where traders can practice trading with virtual funds without any risk. This is an excellent way for beginners to get acquainted with forex trading and for experienced traders to test new strategies.
SOCIAL TRADING AND COPY TRADING
Z.com embraces the trend of social trading and offers features that allow users to follow and copy the trades of seasoned traders. This is beneficial for those who might lack the time or expertise to analyse markets themselves.
While the broker does not prohibit copy trading, it does not seem as if they offer their own proprietary software as many clients use the Zulu Trade platform with this broker.
COMMISSIONS AND FEES
Z.com is known for its low commission structure and tight spreads, making it a cost-effective option for traders. The broker offers floating spreads starting from 0.1 pips, while there are no commissions charged on trades.
Additionally, the broker does not charge any inactivity fees or fees on transactions.
LEVERAGE
The leverage offered by Z.com is fairly limited as the maximum leverage is only 20:1. This is adequate for most traders, but traders used to using leverage would be advised to rather seek brokers who offer higher leverage.
WITHDRAWALS AND DEPOSITS
Z.com supports multiple deposit and withdrawal methods including bank transfers, credit and debit cards and various eWallet payments. The processing times are competitive, ensuring traders can manage their funds efficiently.
Additionally, the broker does not charge any fees on withdrawals or deposits, although they do state that third-party service providers may charge such fees.
CUSTOMER SERVICE
Z.com’s customer service is available 24/5 and can be reached via email, phone or live chat. The support team is knowledgeable and responsive, addressing clients’ issues promptly.
Additionally, due to the broker’s global reach, the support team is available in multiple languages, ensuring that all their clients can access support.
SAFETY AND SECURITY
Z.com places a high premium on the safety and security of its clients’ funds and personal information. This commitment is reinforced by its adherence to regulations set forth by some of the most respected financial regulatory bodies in the world.
Financial Conduct Authority (FCA), UK
Z.com is regulated by the FCA, one of the leading financial regulatory bodies globally. The FCA is renowned for its strict oversight and rigorous standards regarding financial operations, ensuring that companies under its jurisdiction operate with the highest levels of integrity and transparency.
This includes ensuring that client funds are held in segregated accounts, separate from the company’s own funds, thus providing an additional layer of security.
Securities and Futures Commission (SFC), Hong Kong
Z.com is also regulated by the SFC, which oversees all securities and futures markets in Hong Kong. The SFC is known for its strict guidelines and enforcement, which helps protect investors by ensuring that all market participants adhere to the laws and regulations that promote a fair and transparent trading environment.
The SFC’s oversight includes regular audits, mandatory reporting and strict capital adequacy requirements.
In addition to regulatory compliance, Z.com employs a range of security measures to protect client data and ensure the integrity of trading activities, including the implementation of various encryption technologies, two-factor authentication, advanced risk management tools and conducting regular audits.
Z.com’s adherence to regulations by the FCA and SFC ensures that client funds are always handled with utmost care. Segregation of client funds is a key component of their operational structure, ensuring that client investments are kept separate from the company’s operational funds and are protected in the event of insolvency.
By integrating strict regulatory standards with robust security measures, Z.com establishes a secure trading environment that prioritises the safety of its clients’ assets and personal information. This comprehensive approach to security not only meets but often exceeds the expectations of regulatory bodies, providing clients with peace of mind when trading.
PROMOTIONS
It does not seem as if the broker offers any promotions or bonuses at the moment, but traders are encouraged to regularly visit the broker’s website in the event that this changes.
RESEARCH
Z.com offers comprehensive market research tools including economic calendars, expert analysis and real-time charts. These resources help traders make informed decisions and highlights the broker’s commitment to ensuring the success of their clients.
EDUCATION
While Z.com’s educational resources are somewhat limited, the available materials include seminars and walk-in appointment. The walk-in appointments are particularly interesting as this gives traders the opportunity to have in-person discussions around their trading strategies, something no other broker provides.
GLOBAL AWARDS
From our research, it does not seem as if Z.com has won any global awards to date, however, this does not mean that the broker has not won any awards or that they might not win awards in the future.
SAFE OR SCAM?
In the world of online trading, the legitimacy and reliability of a forex broker are paramount. Z.com, with its significant regulatory oversight and transparent business practices, stands out as a safe and trustworthy broker.
Z.com’s regulation by the Financial Conduct Authority (FCA) in the UK and the Securities and Futures Commission (SFC) in Hong Kong is a critical indicator of its legitimacy. These regulatory bodies are among the most stringent in the world, with strict requirements that ensure operational transparency, financial stability and fair treatment of clients.
Their oversight provides traders with a significant level of security, knowing that Z.com adheres to high standards and is regularly audited.
Transparency is another hallmark of Z.com’s operations, providing public access to its trading operations and market practices. This openness is a significant deterrent to fraudulent activities and helps build trust with clients and Z.com’s commitment to transparency ensures that all traders have the information they need to make informed decisions.
The mechanisms in place for protecting client funds, such as keeping client funds in segregated accounts, further reinforce the security of trading with Z.com. These measures guarantee that client assets are not used for any other purpose than the intended trading activities, protecting them even in the unlikely event of the broker facing financial difficulties.
Z.com’s implementation of advanced security measures, including encryption technologies and two-factor authentication, adds an additional layer of safety, protecting clients from unauthorised access and cyber threats.
Given these factors, it is clear that Z.com operates with a high degree of integrity and reliability. The broker’s adherence to strict regulatory guidelines and its robust security measures effectively dispel concerns over it being a scam, making Z.com a safe choice for traders looking for a secure trading environment.
CONCLUSION
Z.com stands out as a reliable forex broker that balances technological efficiency with user-friendly services. Its comprehensive range of instruments, competitive fees and strong regulatory standing make it a suitable choice for traders globally.
After conducting the above review into the broker, the team at Brokersuggest.com recommends Z.com as a solid choice when selecting a broking partner. Although the range of tradable instruments is limited, the broker makes up for it by being cost-effective and providing a high quality trading environment.
