Zes FX Information
Zes FX, founded in 2018, is an unregulated brokerage, registered in Ukraine. Zes FX offers traders the opportunity to trade instruments online, with advantages such as a 0.0 spread and no swap fees.
Pros and Cons
Is Zes FX Legit?
It is clear that Zes FX is currently unregulated. Traders may take risks, so choose carefully.
What Can I Trade on Zes FX?
Zes FX allows you to trade foreign currencies, including major and minor currencies, as well as popular currency pairs such as USD, EUR, CHF, GBP. You can also access and trade world stock indices from the platform, and Zes FX says there are over 250 pairs waiting for you to explore.
In addition, there are cryptocurrencies, shares and commodities that can be traded.
Account Types
Zes FX offers three types of accounts: STANDARD Account, ISLAMIC Account and ECN Account.
Unfortunately, it does not disclose Account details, and what traders can learn is very sketchy: Zes FX says that STANDARD Account offers low and competitive spreads, ISLAMIC Account is swap-free, and ECN Account has stable raw spreads with no mark-up.
Zes FX Fees
Zes FX Spreads
Zes FX says it offers low spreads to traders. The Forex spread provided by this broker, where the EUR/USD spread is 0.1 and the rest remains between 0.0 and 0.3.
Trading Platform
Deposit and Withdrawal
Zes FX offers the following payment methods, Bitcoin, Mastercard, VISA, PayPal, Skrill and NETELLER. However, it does not provide the minimum deposit content.
Customer Service
Zes FX supports 24/7 live chat service. Phone calls, emails, and social media all allow traders to quickly access customer service. In addition, the broker provides a physical address for traders to find easily.
The Bottom Line
Zes FX, which says it offers 250+ trading instruments, also provides traders a 100% first-deposit bonus. However, the brokerage's unregulated status, incomplete disclosure of key information, and non-support for MT4/5 have made it a major disadvantage.
FAQs
Is Zes FX safe?
No, it is not safe at all. Zes FX is unregulated and has no outside agency to guarantee its security.
Is Zes FX good for beginners?
No, beginners have to look elsewhere. The securities firm's public account information is incomplete, beginners can not fully grasp.
Is Zes FX good for day trading?
No, it is not suitable for day trading. Based on the following factors: lack of regulation, incomplete account information, lack of MT4/5 support.
