ZFX

ZFX broker is the trading name of Zeal Capital Market, a broker that offers forex, indices, metals, commodities, stocks and cryptocurrencies for trading and holds both a UK FCA license and an offshore Seychelles license. In this overview, the Teagle editorial team reviews ZFX's licenses, accounts, payment methods, ratings and, most importantly, its service status for Iranian users based on recorded data.

What kind of broker is ZFX?

ZFX is a brand that, according to the company itself, was founded by experienced traders. Teagle's data lists Seychelles as the broker's country of registration, and its founding year is not recorded. ZFX's range of instruments includes forex currency pairs, stock indices, precious metals, commodities, stocks and cryptocurrencies. In terms of trading style, its feature list includes expert advisors, hedging positions, news trading, phone trading and an Islamic account.

ZFX broker licenses and credibility

According to Teagle's latest review, ZFX holds two active licenses:

• UK FCA: number 768451, status active; one of the most reputable regulators in the world.
• Seychelles FSA: number SD027, status active; an offshore license with weak protection.

Holding an FCA license is an important strength, but keep in mind that international clients are not always under the same regulator whose name appears on the website. Before opening an account, check the client agreement to see which entity your account will be opened under. If you are not familiar with the difference between these two levels of regulation, read the article the difference between offshore and onshore brokers .

Does ZFX serve Iranians?

No. According to the broker's rules and the review by Teagle's experts, Iran is on ZFX's list of restricted regions, and residents of Iran cannot complete legal identity verification. The ZFX website has no Persian language option, support does not respond in Persian, and accessing the site from Iran requires changing your IP. Teagle's expert stresses that bypassing this restriction with IP-changing tools is very risky; if detected, the account is blocked immediately, positions are voided and trading profits are confiscated. A list of brokers with such restrictions can be found in the article Brokers banned for Iranians and how to choose a safe broker .

ZFX trading accounts

ZFX has two main accounts on MetaTrader 4, both of which have an Islamic (swap-free) version and floating spreads:

• Premier Trading account: minimum deposit $30, no commission, spreads from 1.3 pips and a 30% stop-out.
• PRO Trading account: minimum deposit $30, commission charged (amount not recorded), spreads from 0.2 pips and a 50% stop-out.

Maximum leverage on both accounts is 1:2000, a level of leverage that greatly magnifies both profits and losses. Before using it, review the guide to leverage and leveraged trading . With its low spreads, the PRO account is similar to ECN accounts, but since its commission amount is not recorded in Teagle's data, you will need to ask the broker yourself about its total cost. The list of drawbacks also mentions a ban on scalping, which matters for short-term traders.

ZFX platforms and services

The only trading platform recorded for ZFX is MetaTrader 4, available for Windows, Mac, Android and iOS. The broker's additional services include bonuses, rebates, education, copy trading, support for expert advisors and trading bots, and an economic calendar. If you are interested in copying other traders, before activating it read the copy trading guide .

Deposits and withdrawals at ZFX

ZFX's payment methods include bank wire, SEPA transfer, e-wallets and bank cards, and according to Teagle's data none of them charge deposit or withdrawal fees. Withdrawals take up to 5 business days with all methods. The key point is that with SEPA, e-wallets and cards, the withdrawal limit is capped at the amount of the initial deposit, and only bank wire has an unlimited cap; in other words, profits are usually withdrawn via bank wire. No local payment methods are recorded for Iranian users.

ZFX rating and risk on Teagle

ZFX's final rating on Teagle is 3.17 out of 5, derived from three sources: WikiFX 3.63, Forex Peace Army 2.99 and Trustpilot 2.9. No user has submitted a review for this broker on Teagle yet. The Teagle Eye risk score for ZFX is 34 out of 100, in the "low to medium risk" category; its two active licenses keep this number low, but average reputation scores, the lack of user reviews and the unrecorded founding year are its unclear points.

Pros and cons of ZFX broker

• Pro: active UK FCA license alongside the Seychelles license
• Pro: low minimum deposit and high leverage
• Pro: copy trading and Islamic account
• Con: no service for residents of Iran and risk of account blocking
• Con: weak support and no Persian language
• Con: scalping ban and limited withdrawal cap for some methods

Who is ZFX suitable for?

According to Teagle's expert, ZFX suits those looking for copy trading and high leverage who legally live outside Iran. It is not suitable for residents of Iran or those interested in scalping. If you are in Iran, it is better to look at options that officially accept Iranians; for example, see how ZFX stacks up in the ZFX vs FxPro comparison against another broker with top-tier regulation.

Conclusion

ZFX is in acceptable shape in terms of licensing, but its official ban on Iran effectively rules it out for users inside the country. If you are outside Iran and plan to use it, start with a small amount, check which entity issues your account, make a test withdrawal, and follow the latest warnings on the investment risk warning page .