Z.Com Trade Broker Review

Z.com Trade provides deep liquidity, ‘ultra-tight’ spreads from zero pips and maximum leverage of 1:200 across three live trading account types. The company uses secure, high-grade technology for rapid trade execution in 80 tradeable products comprising 57 currency pairs, 16 indices and 7 commodities. We saw that trades are executed by Z.com Trade using the Straight Through Processing concept without any human intervention or dealing desk (STP NDD). Notably, powerful electronic systems are hosted in London in the Equinix LD4 data centre, creating a quality trading environment for Z.com clients. Moreover, traders at Z.com Trade can access the website in English, Russian and Chinese on Windows, MAC OS as well as through Android and iOS mobile devices.

Account Types

There are three types of live trading account offered by Z.com Trade. The Classic, ECN and ECN Pro account. Notably, registered clients can have multiple accounts and manage their accounts through the online Client Portal incorporated into all three live trading accounts. Not only is the Client Portal totally secure, but allows customers to deposit/withdraw funds and move money between trading accounts. Importantly, within the Client Portal is the ‘gateway’ to the education and analytical portal. This gives all traders immediate free access to the analysis team, live updates, analysis tools and content, signals, trading strategies and video reviews.

Z.com Classic Account

It takes a deposit of just £€$50 to set up the Classic account at Z.com Trade. Classic account holders have access to a limited number of products with 22 Forex currency pairs, 13 indices and 5 commodities with INSTANT order execution. Notably, with the Classic account, floating spreads are offered for all products except for major Forex currency pairs. A key feature of the Classic account is that traders do not pay commissions but cover trading costs through spreads starting at 2 pips. Leverage is capped at 1:200 and the minimum trade size permitted is 1 lot where the Forex lot size is 100,000 units of currency and the maximum order size is 20 lots. Significantly, the minimum account balance required to operate a Classic account is zero.

Z.com ECN Account

Experienced traders may prefer the ECN account featuring floating spreads from 0 pips and a maximum order size of 50 lots. Notably, traders are given access to all the products offered by Z.com Trade with maximum leverage of 1:200. Whilst it costs just £€$50 to set up the ECN account and there is no commission on commodities or indices, commission is charged on FX products at the rate of $4 for 1 lot (100,000 units of currency). Perhaps the most significant feature of the ECN account is the market execution process rather than instant execution feature in the Classic account.

Z.com ECN Pro Account

Traders who operate at a professional level may wish to open an ECN Pro account at Z.com. However, to do so, traders must begin by setting up an ECN account and have an account balance of at least £€$10,000. Only then should they contact Z.Com Trade to request an upgrade to the Pro ECN account. The account features remain the same as the ECN account BUT the commission for FX products is reduced to $2.50 per 100,000 units of currency traded (1 lot).