ZFX (Shanhai Securities) is a forex brokerage firm established in Seychelles in 2020, with its headquarters located on Mahe Island, Seychelles. This broker primarily provides users with trading services for financial derivatives such as forex, stocks, commodities, indices, and cryptocurrencies. The company headquarters is on Mahe Island, Seychelles, and is regulated by the Seychelles Financial Services Authority (FSA).
Corporate Background
ZFX is a brokerage firm offering forex trading services, registered as Zeal Capital Market (Seychelles) Limited, with headquarters on Mahe Island, Seychelles. The company was established on July 6, 2020, with information from Whois showing that the ZFX official website domain was registered on December 21, 2021.
ZFX has a branch in the UK, registered as Zeal Capital Market (UK) Limited, with its registered address at No. 1 Royal Exchange, London, EC3V 3DG, United Kingdom, with the company registration number 8422618-1.
Regulatory Information
ZFX is a regulated forex broker, overseen by the Seychelles Financial Services Authority (FSA) and holds a regulatory license, with the license number SD027. The services provided by ZFX, including forex, stocks, commodities, indices, and cryptocurrencies, are strictly regulated by the Seychelles Financial Services Authority (FSA).
Zeal Capital Market (UK) Limited is regulated by the UK Financial Conduct Authority (FCA) and holds a regulatory license, with the license number 768451. Authorized to conduct certain financial services and product types, including agent investment transactions, delegated investment transactions, arrangement, and promotion of investment transactions, it is strictly regulated by the UK Financial Conduct Authority (FCA).
Trading Products
ZFX offers a variety of trading products, including forex, stocks, commodities, indices, and cryptocurrencies.
- Forex trading: ZFX allows investors to participate in the forex market, offering opportunities to trade various currency pairs. Investors can trade based on the price fluctuations of one currency against another. Currency pairs include but are not limited to EUR/USD, GBP/USD, and USD/JPY.
- Stock trading: ZFX enables users to trade a wide range of global stocks.
- Commodities trading: Contracts for Difference (CFDs) on commodities allow investors to potentially profit from price fluctuations of raw materials and resources. Commodities include raw materials such as crude oil, copper, and iron ore. CFDs on commodities allow investors to participate in various commodity markets without owning the physical goods.
- Indices trading: ZFX allows investors to trade based on the price trends of specific financial indices. These indices include stock indices, commodity indices, bond indices, etc., enabling investors to engage in the market through trading these indices.
- Cryptocurrency trading: ZFX offers trading opportunities in the cryptocurrency market, supporting the exchange and buying and selling of cryptocurrencies.
Trading Software
ZFX provides investors with two trading platforms: the ZFX platform and Metatrader 4.
- ZFX platform: Offers the ZFX mobile application and MAM multi-account management service. The ZFX mobile application allows investors to trade anytime, anywhere, with versions for IOS and ANDROID. The MAM multi-account management service is suitable for fund managers, compatible with all MT4 order types, does not limit the number of customer accounts per order, and trading volume starting from 0.01 lots can begin allocation.
- Metatrader 4: A trading platform specifically designed for forex and futures trading, offering MT4 desktop version, MT4 Mac version MT4 mobile version, and Shanhai Securities online trading platform.
Account Registration
The ZFX official website offers two types of account registration: real and demo accounts.
- Real account registration: First, open the ZFX official website, click “ACCOUNTS”.
Click “Open a Live Trading Account”.
After filling in the information step by step, the account registration can be completed.
- Demo account registration: First, open the ZFX official website, click “ACCOUNTS”.
Click "Open a Demo Trading Account".
After filling in the information step by step, the account registration can be completed.
Account Types
ZFX offers users four different types of trading accounts: Mini Trading Account, Standard STP Trading Account, ECN Trading Account.
Common features: These three accounts all use the US dollar as the base currency, the maximum number of open positions per trading account is 200 lots, and the trading platform for all is MT4.
Differences:
- Mini Trading Account has a minimum deposit of $50, minimum forex spread of 1.5, contract unit of 10,000 USD, stop out level of 20%, minimum trading volume of 0.1 lots, and a maximum single order quantity of 100 lots.
- Standard STP Trading Account has a minimum deposit of $200, minimum forex spread of 1.3, contract unit of 100,000 USD, stop out level of 30%, minimum trading volume of 0.01 lots, and a maximum single order quantity of 30 lots.
- ECN Trading Account has a minimum deposit of $1,000, spreads starting from 0.2, contract unit of 100,000 USD, stop out level of 50%, minimum trading volume of 0.01 lots, and a maximum single order quantity of 50 lots.
Spreads and Leverage
ZFX offers a maximum leverage ratio of 1:2000. As the net value of the trading account increases, the applicable maximum leverage ratio will automatically be lowered.
- 0-3000 USD maximum leverage ratio is 1:2000;
- More than 3000-10000 USD maximum leverage ratio is 1:1000;
- More than 10000-20000 USD maximum leverage ratio is 1:888;
- More than 20000-50000 USD maximum leverage ratio is 1:600;
- More than 50000-100000 USD maximum leverage ratio is 1:400;
- More than 100000 maximum leverage ratio is 1:200;
MAM and Copy Trading accounts will apply a fixed leverage; ECN and STP accounts have a constant leverage of 1:500; Mini and Cent accounts have a constant leverage of 1:2000;
Deposit and Withdrawal Methods
ZFX offers a variety of deposit and withdrawal options, but does not accept credit card deposits. The amount for a single deposit must be over $50, and the minimum withdrawal amount is $80. Deposits are generally credited within 20 minutes, and withdrawals can only be requested on business days, with the funds arriving within 24 hours.
Customer Support
This brokerage provides 24/5 multilingual support, available through multiple channels, including telephone support, email support, and online chat. Traders can contact the customer support team via the telephone number 488-8424-611 for direct and immediate assistance. Investors can also send their questions or requests to cs@zfx.com. Additionally, the online chat feature on the ZFX website enables quick communication with the broker.
Conclusion
ZFX is registered in Mahe Island, Seychelles, and is regulated by the Seychelles Financial Services Authority (FSA). ZFX offers a variety of trading products, including forex, stocks, commodities, indices, and cryptocurrencies. Investors are reminded to be fully educated about the market mechanisms before engaging in high-leverage trading and to carefully consider their investment objectives and risk tolerance.
Currently, ZFX is marked as "Active" on TraderKnows.
