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ZFX Review
ZFX is a multi entity forex broker under Zeal Group. Its UK arm is FCA regulated, but the main site advertises leverage up to 1:2000, past UK limits.
Min Deposit
$50
Spreads From
0.2 pips on the ECN account, plus commission
Max Leverage
Up to 1:2000 advertised globally, capped at 1:30 for FCA regulated UK retail clients
Platforms
MT4, ZFX mobile app
Pros
- FCA regulated UK entity with reference number 768451 since 2017
- Separate Seychelles FSA licence reported for its offshore entity
- Wide instrument range including forex, metals, indices, and crypto CFDs
- Backed by a large in house technology team through its Cyprus office
Cons
- Main zfx.com site advertises leverage up to 1:2000, past UK retail limits
- Multi entity structure makes it unclear which regulator covers an account
- The FCA has warned about a separate ZFX Club clone site targeting people
- ECN accounts need a $1,000 deposit, high for a retail focused broker
ZFX is the trading name of Zeal Capital Market, a broker group with offices in London, Seychelles, and several parts of Asia. It offers forex, metals, indices, shares, and crypto CFDs through MT4, and says it is backed by a large team at its Cyprus technology arm.
The FCA register confirms Zeal Capital Market UK Limited holds reference number 768451, authorised since 2017, with its own site at zfx.co.uk. A separate entity, Zeal Capital Market Seychelles Limited, reportedly holds Seychelles FSA licence SD027. The main zfx.com site advertises leverage up to 1:2000 and mini accounts from $50, well past the 1:30 cap FCA rules set for UK retail clients.
The FCA also warns about ZFX Club, a separate clone site using the ZFX name to scam people, so readers should check they are on zfx.com, zfx.co.uk, or a confirmed Zeal Group address. Clients should confirm which entity, UK or Seychelles, actually holds their account.
Min. Deposit
USD 50
Max Leverage
Up to 1:2000 advertised globally, capped at 1:30 for FCA regulated UK retail clients
Spreads From
0.2 pips on the ECN account, plus commission
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
