Score
Zara FX
Comoros|2-5 years| https://www.zara-fx.com
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
JapanContact
Licenses
Single Core
1G
40G
Contact number
+971 547024401
Other ways of contact
Broker Information
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ZaraFx Ltd
Zara FX
Comoros
Pyramid scheme complaint
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- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
- The Comoros MISA regulation with license number: T2023293 is an offshore regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!
WikiFX Verification
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| Minimum Spread | from 3.0 |
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Zara FX · Company Summary
| Aspect | Information |
| Company Name | Zara FX |
| Founded year | 2019 |
| Regulation | MISA |
| Market Instruments | CurrenciesMetalsIndiciesCommoditiesCryptocurrency |
| Account Types | STARTERBUSINESSPROFESSIONALVIP |
| Minimum Deposit | $50 |
| Maximum Leverage | Up to 1:500 |
| Spreads | From 0 pips |
| Trading Platforms | MetaTrader 5 |
| Customer Support | Live chat, email at support@zara-fx.com |
| Deposit & Withdrawal | BANK WIRE, bitcoin, ethereum, Skrill, NETELLER, ERC-20, USDT |
| Educational Resources | Glossary |
General Information of Zara FX
Zara FX, established in 2019, a Comoros-based forex broker, offers four account types with varying spreads and commissions, starting from 1.7 pips and no commissions for the Starter account to 0 pips and $5 per lot commission for the VIP account.
Regulatory Status
Zara FX is regulated in Comoros by the Mwali International Services Authority (MISA) under license no. T2023293.
Market Instruments
ZaraFX offers a wide range of trading products to suit the needs of all traders, including:
- Forex: Trade the world's most popular currency pairs with tight spreads and low commissions.
- Metals: Trade gold, silver, platinum, and palladium to hedge against inflation and diversify your portfolio.
- Indices: Trade major global stock indices, such as the FTSE 100, S&P 500, and Nikkei 225.
- Commodities: Trade energy products, such as oil and gas, as well as agricultural products, such as grains and soybeans.
- Cryptocurrencies: Trade Bitcoin, Ethereum, Litecoin, and other popular cryptocurrencies.
Account Types for Zara FX
ZaraFX offers four main account types to suit traders of different experience levels and risk appetites:
Starter Account: Designed for beginners, the Starter Account offers zero-commission trading, leverage up to 1:500, starting spreads as low as 1.7 pips, and no overnight swap fees.
VIP Account: An ideal choice for traders seeking a balance of value and performance, the VIP Account offers zero-commission trading, leverage up to 1:500, tighter spreads (from 1.2 pips), and no overnight swap fees.
Business Account: The best choice for experienced traders, the Business Account offers the tightest spreads (from 0.7 pips) but charges a $6 commission per trade, leverage up to 1:500, and no overnight swap fees.
Professional Account: A premium choice for high-volume traders, the Professional Account offers raw spreads (from 0 pips) but charges a $5 commission per trade, leverage up to 1:500, and no overnight swap fees.
In addition to the account types listed above, ZaraFX also offers a number of other features, including:
- A demo account to practice trading with virtual money
- A variety of trading platforms, including MetaTrader 5
- A wide range of educational resources
- 24/7 customer support
Spreads and Commissions for Trading with Zara FX
ZaraFX offers four account types with varying spreads and commissions:
- STARTER: Starting spreads of 1.7 pips and no commissions, suitable for beginners or low-volume traders.
- BUSINESS: Starting spreads of 1.2 pips and no commissions, suitable for traders with some experience.
- PROFESSIONAL: Starting spreads of 0.7 pips and $6 per lot commission, suitable for high-volume traders sensitive to spreads.
- VIP: Starting spreads of 0 pips and $5 per lot commission, suitable for professional traders or those with large trading needs.
Trading Platforms offered by Zara FX
ZaraFX offers MetaTrader 5 (MT5), a powerful and highly respected trading platform that is favored by successful traders worldwide. With its comprehensive suite of features and advanced tools, MT5 can help you elevate your trading skills and achieve success in the financial markets.
Key Advantages of MT5 on ZaraFX:
- Multi-asset trading: Trade forex, stocks, and futures all from one platform to meet your diversified trading needs.
- Robust analytical tools: Utilize MT5's extensive range of technical analysis indicators and charting tools to conduct in-depth market analysis and make informed trading decisions.
- Trading signals: Gain insights and potentially copy the strategies of successful traders by following their trading signals.
- Algorithmic trading: Automate your trading using MT5's MQL5 programming language to create personalized trading strategies (Expert Advisors), saving you time and effort.
- Real-time news updates: Stay on top of market movements and breaking news with live news feeds to seize trading opportunities and mitigate risks.
- Multi-platform support: Access MT5 on your PC, Mac, smartphone, or tablet, ensuring seamless trading wherever you are.
- User-friendly interface: MT5's intuitive interface makes it easy to navigate and use, even for beginners.
How MT5 Can Help You Succeed in Trading:
- Enhance trading efficiency: Leverage MT5's automated trading capabilities to free up your time and focus on other important matters.
- Reduce trading risks: Learn from the experience of successful traders by following their trading signals and strategies, adapting them to your own risk tolerance and trading style to minimize trading risks.
- Refine trading skills: MT5 provides a wealth of analytical tools and educational resources to help you continuously learn, improve your trading skills, and become a more proficient trader.
Deposit & Withdrawal Methods and Fees
ZaraFX puts you in control of your funds with their revolutionary payment system. Experience instant deposits and lightning-fast withdrawals 24/7, giving you more time to trade and less time waiting. They offer a wide range of secure and transparent payment options, including electronic methods, bank cards, bank transfers, and even Bitcoin, all with real-time tracking within your account.
Social Trading
ZaraFX offers social trading, a unique feature that allows you to leverage the expertise of successful traders and potentially replicate their strategies in your own account.
Here's how it works:
- Find Top Performers: ZaraFX's social trading platform gathers data from all signal providers (traders offering trade ideas) and ranks them based on their performance. This makes it easy to identify traders who are consistently profitable.
- Invest with Confidence: Choose a signal provider whose trading style aligns with your risk tolerance and investment goals. When you subscribe to a trader, their new trades are automatically mirrored in your account, allowing you to benefit from their expertise.
Account Options:
- PAMM Accounts: This account type allows you to allocate a portion of your funds to a money manager of your choice. Your profits and losses are directly proportional to your investment amount compared to the total pool managed by the money manager.
- MAM Accounts: Similar to PAMM, but MAM accounts offer the money manager more control over individual client accounts within the pool.
Additional Benefits of ZaraFX:
- Swap-Free Accounts: Ideal for Islamic traders, these accounts eliminate swap fees (interest charges) on overnight positions.
- Exceptional Trading Conditions: Enjoy competitive spreads, low commissions, and a variety of tradable instruments like forex, indices, shares, and commodities.
Bonus
ZaraFX is currently offering a 30% bonus on all new deposits. This means that if you deposit $100, you will receive an additional $30 in bonus funds. The bonus is withdrawable, but there are some terms and conditions that you will need to meet.
Educational Resources
Regarding trading resources, Zara FX provides a glossary of professional terms, where you can search for the meaning of related terms based on the first letter of the keyword. This can help you expand your investment knowledge and increase your chances of success.
Customer Service of Zara FX
ZaraFX offers two main methods for contacting them:
- Email: Their primary method of contact seems to be via email at support@zara-fx.com.
- Contact Form: They also have a contact form available on their website, although the specific details of this form are not mentioned.
- Physical Address (for reference only): Their headquarters address is listed as 1802, Arenco Tower, Dubai Media City. It's important to note that contacting them via mail may not be the most efficient method.
Frequently asked questions about Zara FX
- What account types does ZaraFX offer？
- ZaraFX offers four account types: Starter, Business, Professional, and VIP.
- What platforms does ZaraFX offer？
- ZaraFX offers the MetaTrader 5 platform for trading.
- What leverage does ZaraFX offer？
- ZaraFX offers leverage up to 1:500.
- What payment methods does ZaraFX accept？
- ZaraFX accepts electronic payments, bank cards, bank transfers, and Bitcoin.
News
NewsZara FX: Wise or Unwise Choice?
Zara FX is a supposedly Comoros-based forex broker that provides its clients with flexible leverage of up to 1:500, floating spreads as low as 0.8 pips, and a choice of three different account types. In this article we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information.
WikiFXNewsZara FX Won The “ Fastest Growing Broker” Award In FIN Expo Egypt 2022
Zara FX has risen to new heights, winning the prize for “Fastest growing Forex Broker” at the Egypt 2022 Forex Expo, and strives to lead the way forward through the use of cutting-edge technology, creative systems solutions, low-cost commissions, and unmatched customer care
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