If you are considering entering the world of online trading and are looking for a broker that provides favorable conditions for both active and passive investing, a ZFX certified international trade and forex professional is the right choice. This program allows traders to work with PAMM or MAM accounts and earn passive income by entrusting their capital to an asset manager. An MAM account is also beneficial to beginners because it allows an investor to fully control his or her account. The broker will manage and allocate the percentage of profit and loss to the investor.
The website of ZFX offers three account types - standard, micro, and VIP. The company s Academy offers articles about the main instruments, a glossary of trading terms, and a FAQ section. Although these are not comprehensive guides, they offer information beginners can use to make informed trading decisions. The only downside of this program is that it does not accept US residents and citizens. Traders should be aware of transaction fees associated with their payment systems and banks.
The ZFX platform offers more than 60 different forex pairs, 10 commodities, 35 stocks, 15 indices, and three cryptocurrencies. With so many different assets to choose from, there is a good chance that you will find something that suits your investment style. You can also try copy trading to enhance your trading portfolio or follow the trading style of high earners. You can use up to 64 forex pairs and 10 commodities, 35 stocks, and 15 indices through ZFX.
ZFX is a legit broker. It has been regulated by the Financial Conduct Authority and allows only professional traders to use their services. As a bonus, they offer a comprehensive educational academy and a partnership program for both experienced and beginner traders. You can also get started trading on a demo account to learn about the industry. It s important to understand the risks associated with the currency markets and the benefits of a ZFX certified international trade and forex professional account.
When you sign up for a ZFX certified international trade and forex professional account, you will be provided with a trading platform called MetaTrader 4. This platform offers technical indicators, charting, and one-click trading. This trading platform is popular with both beginners and professional traders. It offers 51 technical indicators and 31 drawing tools and nine timeframes for your trading. It is also highly analysis-oriented and offers advanced trading features including scaling and automated trading.
While ZFX offers a comprehensive set of educational articles for beginners, it is important to understand the risks and fees involved in Forex trading. The company has a solid reputation and is regulated by the FCA and the FSA. Its website offers transparency on fees. However, it could be more helpful with information about its business development. There are three account types to choose from. The fees for each type of account are minimal: the Standard STP Trading Account 1.3 and the Mini Trading Account 1.3 pips. The ECN account requires a $7 commission per lot.