FOREX.com vs Z.com Trade Comparison

FOREX.com vs Z.com Trade Comparison

FOREX.com vs Z.com Trade
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$50MT4, Advanced Platform, Web Trader300+FCA, ASIC, CFTC, IIROC, SFC, CIMA, FSA
$50MT475+FCA

FOREX.com and Z.com Trade Comparison

FOREX.com and Z.com Trade have a number of differences, however each offers MT4 and have the same relatively low minimum deposit. Z.com Trade is an ECN broker, which charges commissions for Forex (and offers lows spreads) except on its Classic account, where it offers trading without a commission charge. FOREX.com provides a range of platform, suited to discretionary trading, as well as MT4. Each support automated trading.

Both brokers are regulated by the FCA in the United Kingdom. FOREX.com is additionally regulated by the ASIC in Australia, the CFTC in the United States, the IIROC in Canada, the SFC in Hong Kong, the CIMA in the Cayman Islands and the FSA in Japan.

Quick comparison

FOREX.com offers trading on a range of platforms including MT4. Z.com Trade offers ECN trading on MT4.

Minimum deposit and account types

The minimum deposit for FOREX.com is $/€/£50. The minimum deposit for Z.com Trade is $/€/£50.

  • FOREX.com offers Forex and CFD trading. The minimum trade size is 0.01 lots. It has an Economic Calendar, Market Research and a news feed on its platforms and a Trader Education course on its website.
  • Z.com Trade offers three account types for retail traders, Classic, ECN and ECN Plus. The minimum trade size is 0.01 lots. 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.
  • 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

  • On The Advanced Platform, FOREX.com offers Forex, Indices, Energy, Cryptocurrencies, Metals, Soft Commodities and Stocks, with 300+ available.
  • On MT4, FOREX.com offers Forex, Indices, Energy, Metals and Soft Commodities, with 110+ available.
  • On MT4, Z.com Trade offers Forex, Indices, Energy, Cryptocurrencies and Precious Metals, with 75+ available.

Cryptocurrency CFDs

  • FOREX.com offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.
  • Z.com Trade offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

  • Spreads at FOREX.com are variable or fixed depending on the market, with variable spreads from 1.4 for EUR/USD, a fixed spread of 1 for UK100, a typical variable spread of 0.61 for Gold and 0.04 for US Crude Oil.
  • On Z.com Trade's Classic account, spreads are variable from 1.0 for EUR/USD. On Z.com Trade's ECN accounts, spreads are variable, with a typical spread of 0.1 for EUR/USD, 1.5 for UK100, 0.09 for Gold and 0.03 for US Crude Oil.

The maximum leverage for FOREX.com is . The maximum leverage for Z.com Trade is .

Commissions

  • FOREX.com does not charge commissions, except for Shares CFDs.
  • Z.com Trade does not charge commissions on its Classic account for Forex, or for Indices or Commodities. For Forex on its ECN account it charges commission of $4 per lot per side, and $2.5 per lot per side on its ECN Plus account.

Platforms

FOREX.com offers the Advanced Platform, a web trader, MT4, an MT4 web trader and apps. Z.com Trade offers MT4.

Comparison summary

  • Both brokers provide MT4 and support automated trading
  • FOREX.com has two other platforms for discretionary trading
  • Z.com Trade offers low Forex spreads plus a commission charge on its ECN accounts
  • Z.com Trade offers variable spreads without a commission charge on its Classic account
  • FOREX.com provides variable Forex spreads, without a commission charge
  • Both have a similar number of markets on MT4, but FOREX.com has more on its other platforms
  • Both are FCA regulated in the United Kingdom

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