24Option vs Z.com Trade - Online Brokerage Comparison

24Option vs Z.com Trade | Trading Brokers Comparison

24Option vs Z.com Trade Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$250MT4, Web Trader & Apps130+CySEC, IFSC
$50MT475+FCA

24Option vs Z.com Trade Comparison

Z.com Trade is an ECN STP broker offering trading on MetaTrader 4 (MT4). ECN STP means that the broker matches orders via their ECN (versus providing direct market access). Z.com Trade lets the trader trade a core group of markets via an infrastructure dedicated to no dealing desk intervention high speed order execution. To facilitate low latency order processing, Z.com Trade places its trading servers in the London LD4 Equinix data center. This actually locates the servers in physical proximity with other market participants. In tandem with optical fibre cabling and other technology, this helps orders to be routed via STP through Z.com Trade's ECN more efficiently and thus with reduced delay (latency).

These features can be important to all traders, but particularly traders who trade using automated trading strategies. Automated trading strategies have a potential advantage over human traders of speed and accuracy, and an ECN environment allied with Equinix infrastructure can help leverage this advantage, to provide accuracy and speed for robots.

24Option also offers MT4 and lets the trader use its automated trading features, but its core platform is its web trader and apps. This is a user friendly platform which is designed with the human trader in mind. Why would a human trader want a platform like this ? The requirements of robots and humans are different. The robots needs data and connections to work with that data. A human trader also needs this, but importantly they need to be able to understand the data. This brings an important distinction: that the human trader can have advantages over the robots, in terms of the capacity to use their discretion. A user friendly trading platform can potentially help make the trading process a more straightforward one, freeing the trader up to analyse, consider, execute and manage trades. 24Option is regulated by the CySEC in Cyprus and the IFSC in Belize. Z.com Trade is regulated by the FCA in the United Kingdom.

Quick comparison

Both brokers offer MT4. Z.com Trade is an ECN broker and has a lower minimum deposit.

Minimum deposit and key account features

The minimum deposit for 24Option is $/€/£250. The minimum deposit for Z.com Trade is $/€/£50.

  • 24Option offers an Economic Calendar, Market Reports, Analysis and Videos on its website and Trading Central.
  • Z.com Trade offers three account types for retail traders, Classic, ECN and ECN Plus. The minimum deposit for the Classic and ECN accounts is $/€/£50. The minimum deposit for the ECN Plus account is $/€/£10,000. The ECN Plus account has lower commission charges. The Classic account does not have a commission charge. Z.com Trade allows scalping, hedging and EAs. Z.com Trade uses Equinix's LD4 Data Centre. All account types have a minimum trade size of 0.01 lots.
  • Z.com Trade offers an 'Educational and Analytical Portal' which provides trading strategies and signals, educational courses, the capacity to chat with an analyst, a technical and fundamental analysis feed, market analysis and news updates.

Markets

  • 24Option offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks and Soft Commodities, with 130+ available.
  • Z.com Trade offers Forex, Indices, Energy, Cryptocurrencies and Precious Metals, with 75+ available.

Cryptocurrency CFDs

  • 24Option offers Bitcoin, Ethereum, Litecoin, Ripple and DASH.
  • Z.com Trade offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Leverage

Maximum leverage for 24Option (CySEC regulated) is . Maximum leverage for Z.com Trade (FCA regulated) is .

Online trading platforms

Both offer MT4. 24Option provides a web trader and apps.

Why 24Option or Z.com Trade ?

Traders who wish to use MT4 can find this platform at either broker. However automated traders may appreciate Z.com Trade's ECN STP trading environment. 24Option though offers a user friendly web trader, which traders who make their own trading decisions may find of interest.

Comparison summary

  • Both provide CFD trading
  • Each offers MT4
  • 24Option has a user friendly web trader and apps
  • Z.com Trade is an ECN STP broker

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