zForex Review 2026
zForex is an offshore broker whose Comoros license is called fake by the real Central Bank of Comoros, yet it still runs live deposit bonuses.
Min Deposit
$10
Spreads From
0.5 pips
Max Leverage
1:1000
Platforms
2
Pros
- zForex runs on MetaTrader 5 and cTrader instead of a closed proprietary app
- The minimum deposit is only $10, low for a retail forex account
- zForex supports many languages, including Arabic, Hindi, and Chinese
- Live deposit bonuses are offered, which many regulated brokers cannot give
- The ECN account can offer spreads close to 0.0 pips for active traders
Cons
- Its main Comoros license is called fake by the real Central Bank of Comoros
- Saint Vincent registration is only a company listing, not financial oversight
- Forex Peace Army shows a real complaint about a blocked withdrawal and a bonus
- There is no confirmed negative balance protection for retail clients
- No license from any top tier body such as the FCA, ASIC, or CySEC
- Leverage up to 1:1000 is far above limits set for UK or EU retail clients
- zForex accepts sign ups from EU countries despite holding no EU passported license
zForex is a young broker. Z Forex Capital Market LLC registered in Saint Vincent and the Grenadines in 2022. It says it holds a Comoros license from the Mwali International Services Authority. The real Central Bank of Comoros calls that authority fake and says it cannot issue any financial license.
zForex offers MetaTrader 5 and cTrader, so you are not locked into one closed app. The minimum deposit is just $10. Standard spreads start from 1.2 pips with no commission, and the ECN account can fall near 0.0 pips for a $7 per lot fee. Leverage can reach 1:1000 on small balances.
Trustpilot shows a score near 4.7 from about 408 reviews, though Trustpilot has removed fake reviews linked to the firm. Traders on Forex Peace Army report blocked withdrawals tied to bonus rules. zForex still runs deposit bonuses up to 30 percent, and it does not confirm negative balance protection for retail clients.
Min. Deposit
USD 10
Max Leverage
1:1000 on small balances, lower as account equity grows
Spreads From
0.0 pips on ECN plus a $7 per lot fee, 1.2 pips on Standard
Platforms
zForex is an online forex and CFD broker established in 2022, operated by Z Forex Capital Market LLC and registered in Saint Vincent and the Grenadines. The broker is regulated exclusively by the Mwali International Services Authority (MISA) in Comoros — an offshore, non-tier-1 regulator that provides limited client protections compared to authorities such as the FCA, ASIC, or CySEC.
The broker offers trading on forex, commodities (gold, silver, oil), global indices (S&P 500, DAX), and US and EU stocks through MetaTrader 5, one of the industry's most capable platforms. Three account types are available: Standard (commission-free, spreads from 0.5 pips), ECN (tight spreads near 0 pips with $7 commission per forex lot), and Swap-Free (Islamic accounts). Dynamic leverage scales from 1:1000 for small equity to 1:100 for accounts above $75,000.
zForex promotes same-day withdrawals and supports a broad range of payment methods including credit cards, e-wallets, and cryptocurrency. The broker offers copy trading functionality, a demo contest with a $2,500 prize pool, unlimited monthly cashback up to $2 per lot, and a market research hub with daily and weekly analysis. While some traders report positive experiences with platform stability and withdrawals, others have flagged customer support responsiveness issues. The absence of tier-1 regulation means clients have no access to investor compensation schemes or the protections afforded by major financial regulators.
Standard
- No commission
ECN
- Raw spreads
- cTrader
Swap-Free
- No swap charges
- Islamic account
50+ currency pairs available for trading
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
Regulators
Platforms
- MISA (Comoros)
