This Z.com review conducted by expert’s traders at Fxstay to know all about the broker beforehand open trading account with this. Z.com Trade is the London-based secondary of GMO CLICK Group. The GMO Click is a Numerous-award winning broker with more than 400,000 forex customers internationally.
The GMO Click Group was founded in 2003 and is nowadays one of the biggest worldwide forex providers. It is made up of GMO CLICK Securities Inc. (regulated by the Japan’s Financial Services Agency), London-based GMO-Z.com Trade UK Limited, Hong Kong-based GMO-Z.com Forex HK Limited, and FX PRIME by GMO Corporation and GMO-Z.com Bullion HK Limited. GMO click Holdings, Inc., parental company of the group, is registered on Tokyo Stock Exchange (TYO: 7177) and is head office in Japan.
GMO-Z.com Trade UK Limited, deed business as Z.com Trade, was set up in 2012 and provides trading in indices, forex, commodities and energies through Metatrader4 platform. It functions on a Straight through Processing (STP) model, and joins to worldwide liquidity providers and topmost tier financial organizations.
Customers of Z.com Trade are provided a single live account type, excluding the demo one a commission-free STP account with a leverage equal to 1:200 and fixed spreads.
There are not micro lots presented for trade, (which are generally used by inexpert traders), nor are there swap-free (Islamic) accounts for Muslim customers, who are disinclined to earn interest for spiritual reasons.
When trading with Z.com Trade, you will be provided the prevalent MetaTrader 4 (MT4), available as mobile and desktop versions.
Metatrader4 is chosen by most expert traders, because it is well-found with an advanced charting tools, more than fifty built-in indicators, an extensive range of Expert Advisors (EAs) and widespread back-testing environment for them. What is more, MT4 provides completely customizable interface and is presented in more than 30 languages. To know more about Z.com broker trading platforms visit “ForexSQ.com” Z.com review page.
Z.com Trade is presently developing an in-house trading platform, so-called Z.com Trader.
Security of Funds
GMO-Z.com Trade UK Ltd., doing business as Z.com Trade, is regulated and authorized by the FCA or Financial Conduct Authority.
All UK-based companies are essential to observe the severe rules and processes set by the UK financial watchdog: they must keep all customer money separated from the company`s individual funds into separated accounts; they must on a regular basis report to FCA; they are grateful to hold net touchable assets amounting to as a minimum €730 000 in order to prove their financial constancy.
Besides, what is possibly most significant with respect to security of funds invested in FCA-regulated companies is the FSCS or Financial Services Compensation Scheme coverage. In the occurrence of a loss, FSCS is capable to cover your investment loss equal to a maximum of £50,000.
Minimum Initial Deposit
There is no minimum deposit for maintaining or opening a trading account with Z.com Trade, which is fairly attractive, as most brokers necessitate some original amount to start with. In contrast, Fxpro necessitates 100 dollars, and Forex.com 250 dollars.
Average spreads & Commissions
Z.com Trade provides fixed spreads, amounting to 2 pips on EUR/USD, which is a moderately high value. Customers, however, take benefit of commission-free trading, as the broker gets its payment through the spread.
In contrast, Trading212 (also FCA-regulated) offers fixed spreads of 1.9 pips on EUR/USD and charges not any commission fees. For more information, you might look up real-time spreads of 15 foremost brokers might be viewed here.
The extreme leverage rates at Z.com Trade are equal to 1:200. Such leverage is measured standard, though many other FCA-regulated brokers provides higher leverage rates: HYCM provides leverage up to 1:300 and Plus500 up to 1:500. You can check out more forex brokers providing leverage equal to or more than 1:500.
Greater leverage ratios might lead to heavy losses, surpassing initial investments. That is why limits on leverage rates are set in some authorities, and we direct traders to exercise caution while using greater leverage levels.
Deposits and Withdrawals
Z.com Trade receives deposits through major debit and credit cards, bank wire transfer or Skrill, and does not charge any extra service fees. Withdrawal requests are treated quickly, and a charge is only made for worldwide bank wire transfers. There is also not any minimum deposit requirement, permitting you start with an amount you feel comfy with.
Customer Support services
Customer service services have been skilfully trained to help you with any enquiry that you might have. They can be accessed through telephone, email or live chat. For experienced and beginners traders alike, support materials comprise platform leaders, information on technical and fundamental analysis, advanced charting tools, pricing streams, an economic calendar and news of important events.
For login to Z.com broker you can visit the broker website, After sign up you can check your email and do Z.com login.
Z.com review Conclusion
For more information about the Z.com broker visit “Topforexbrokers.com”, The opening of Z.com Trade is one extra step by the GMO click Group of companies to coagulate its dominance in the international forex trading field. According to the words of its CEO, We are eager to proclaim the full launch of Z.com Trade and with the sturdy foundation of the internal technology and skill that we have developed in our home marketplace of Japan, we look onward to joining with even more traders around the world over our Forex and CFD trading facility. With respect to this group, “Big” is well. The profits are plentiful – innovative services, tight spreads, and regulatory peace of mind. Z.com Trade is certainly worthy of your thought. You can download GMO click group Android app or iTunes IOS application for mobile trading.
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