Z.COM REVIEW 2020 - PROS AND CONS REVEALED

Z.COM REVIEW 2020 - PROS AND CONS REVEALED

Z.com is the biggest forex and CFD broker in the world for the 8th consecutive years. The company is part of GMO – the biggest internet group in Japan. The forex broker is established in Japan in 2005 as GMO Click. In 2015, the global service was rebranded as Z.com.

Accounts:

There are four types of accounts – classic account, ECN account, ECN plus, and Professional Account. The first two accounts are the base type of accounts. The classic account is without commission with floating spread starting from 1.0 pips. ECN account is with floating spread starting from 0.0 and $4 per lot commission. ECN Pro account is for account bigger than 10 000 $/EUR/GBP with floating spread starting from 0.0 pips and commission 2.50 per lot. Professional Accounts are for clients that are classified as professionals according to ESMA rules.

Classic account :

  • Account Currencies: USD, EUR, GBP
  • Min. Deposit: $€£10,000
  • Min. Account Balance: None
  • Max Leverage: 30:1
  • Min. Lot Size: 0.01
  • Execution Type: Market Execution
  • Spreads: Floating from 1.0 pips
  • Commission: None
  • Lot Size 1 lot = 100,000 currency units
  • Max Order Size: 50 lots

ECN Account

  • Account Currencies: USD, EUR, GBP
  • Min. Deposit: $€£10,000
  • Min. Account Balance: None
  • Max Leverage: 30:1
  • Min. Lot Size: 0.01
  • Execution Type: Market Execution
  • Spreads: Floating from 0.0 pips
  • Commission: $4 per 100,000 traded for FX, Gold & Silver
  • Lot Size 1 lot = 100,000 currency units
  • Max Order Size: 50 lots

ECN Plus Account

  • Account Currencies: USD, EUR, GBP
  • Min. Account Balance: $€£10k or 100M vol. p/m
  • Max Leverage: 30:1
  • Min. Lot Size: 0.01
  • Execution Type: Market Execution
  • Spreads: Floating from 0.0 pips
  • Commission: $2.50 per 100,000 traded for FX, Gold & Silver
  • Lot Size 1 lot = 100,000 currency units
  • Max Order Size: 50 lots

Account Funding

Choose from a range of local and international payment options to securely deposit and
withdraw funds to and from your trading account.

Debit and Credit CardsCurrenciesDeposit FeeWithdrawal Fee
MasterCardUSD, EUR, GBPNone2.60%
VisaUSD, EUR, GBPNone2.60%
Visa & MasterCard co-branded cardsUSD, EUR, GBPNone2.60%
E-Wallets and Alternative Payment MethodsCurrenciesDeposit FeeWithdrawal Fee
NetellerUSD, EUR, GBP None2.00%
SkrillUSD, EUR, GBPNone1.00%
WebmoneyUSD, EUR None1.85%
2C2PUSD NoneNot available
Direct Bank Wire TransferCurrenciesDeposit FeeWithdrawal Fee
Bank Wire (BACS, SEPA, SWIFT)USD, EUR, GBPYour bank's charges
apply
0 GBP
20 EUR
25 USD

Traded instruments:

Z.com offers over 55 forex pairs, 5 cryptocurrencies the most of the world stock exchange indices and commodities. The company uses the STP NDD execution model that means there is no conflict of interest and the trader receives the best possible execution from the Liquidity providers of the company.

Forex

SymbolTrade sizeMin Order (lots)Max Order (lots)Required MarginLeverageTypical Spread
CADCHF100,0000.01503.33%30:10.7
CADJPY100,0000.01503.33%30:10.9
CHFJPY100,0000.01503.33%30:11.1
EURCAD100,0000.01503.33%30:11.1
EURCHF100,0000.01503.33%30:11.0
EURGBP100,0000.01503.33%30:10.6
EURJPY100,0000.01503.33%30:10.6
EURUSD100,0000.01503.33%30:10.1
GBPCAD100,0000.01503.33%30:11.6
GBPCHF100,0000.01503.33%30:11.1
GBPJPY100,0000.01503.33%30:11.0
GBPUSD100,0000.01503.33%30:10.6
USDCAD100,0000.01503.33%30:10.6
USDCHF100,0000.01503.33%30:10.7
USDJPY100,0000.01503.33%30:10.2

Commodities

SymbolTrade sizeMin Order (lots)Max Order (lots)Required MarginLeverageTypical Spread
XAGUSD5,000110010.00%10:10.004
XAUUSD10011005.00%20:10.09
XPTUSD5110010.00%10:11.0
XTIUSD10110010.00%10:10.03
XBRUSD10110010.00%10:10.03
XNGUSD1,000110010.00%10:10.003
ALUMINIUM1110010.00%10:16.3
COFFEE1110010.00%10:119.2
COPPER1110010.00%10:110.7
NICKEL1110010.00%10:131.4

Indicies

SymbolTrade sizeMin Order (lots)Max Order (lots)Required MarginLeverageTypical Spread
AUS200111005.00%20:14.5
DE30111005.00%20:11.6
FRANCE40111005.00%20:11.2
HK501110010.00%10:17.8
JP22510011005.00%20:18.6
SPAIN351110010.00%10:17.0
UK100111005.00%20:11.5
US30111005.00%20:12.8
US500111005.00%20:10.7
USTEC100111005.00%20:11.6

Cryptocurrencies

SymbolTrade sizeMin Order (lots)Max Order (lots)Required MarginLeverageTypical Spread
BCHUSD100.015050.00%2:11.23
BTCUSD10.015050.00%2:119.2
ETHUSD100.015050.00%2:10.6
LTCUSD1000.015050.00%2:10.2
XRPUSD10,0000.015050.00%2:10.0024

Platforms:

Z.com offers his trading services through the most popular trading platform in the world – Meta Trader 4. You could use desktop, web or mobile version of the platform (both iOS and Android). For more advanced traders the company offers industry-standard FIX 4.4 protocol.

Metatrader 4

The Metatrader platform is not just a simple platform that allows you to trade. It offers much more. The ability to create or import custom indicators and expert advisors gives almost unlimited possibilities. Even if the user is not good at programing he can take advantage of the huge social portals for Metatrader custom software. And not only that, this list continues with build-in VPS options for the algo traders. The build-in social trading can bring together the investors and traders using Metatrader.

The clients from the 3 (classic, ecn and ecn plus) account types get access also to the Education and Analytical Portal. There you can get quick access to all economic events, news, and all-important announcements that can affect the markets. There are other things like trading strategies, analysis and video courses that can help you to improve your trading performance.

Conclusion:

Z.com is a broker with tight spreads with a well-known platform. If you and your strategy generate big volumes, you could get even better trading conditions. With its STP NDD execution, you could be safe that the broker is on your side and there isn’t a conflict of interest. The negative part of Z.com is the low amount of trading instruments.

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