Comprehensive Zero Markets Review: Regulations, Trading Platforms, Instruments, and User Ratings

In this in-depth review, we'll delve into every facet of Zero Markets, an Australian brokerage firm that has been under the regulation of the Australian Securities and Investments Commission (ASIC) since 2016. Whether you're an experienced trader or just starting, we'll explore the trading platforms, assets, payment methods, and much more that Zero Markets has to offer. By the end of this article, you'll have a clearer picture of whether Zero Markets is the right brokerage for you.

Overview of Zero Markets

Zero Markets, an Australian brokerage firm, has been under the watchful eye of the Australian Securities and Investments Commission (ASIC) since 2016. The company is owned by ZERO Financial Pty Ltd and is an authorized representative of First Prudential Pty Markets Ltd.

Trading Platforms

Zero Markets provides a selection of trading platforms to cater to various trading preferences.

MetaTrader 4 (MT4)

The MetaTrader 4 (MT4) platform is renowned as one of the most popular trading platforms globally. It boasts swift execution, one-click trading, advanced charting capabilities, and live pricing streams. Moreover, the platform offers extensive customization options and multilingual support. Users can conveniently download MT4 from the Zero Markets website, making it an excellent choice for forex trading. Additionally, the web trader platform is accessible through a web browser.

MetaTrader 5 (MT5)

For those seeking a multi-asset platform with advanced analytical tools, EA trading, and copy trading features, the MetaTrader 5 (MT5) platform is an ideal choice. With over 80 indicators, graphical objects, and multiple order types, MT5 is tailored for trading CFDs, stocks, and futures. Like MT4, MT5 can be accessed via a web browser, eliminating the need for downloads.

IRESS ViewPoint

Zero Markets also provides access to the IRESS ViewPoint platform. Designed to work seamlessly with a variety of web browsers, IRESS ViewPoint offers automatic data syncing, over 50 drawing tools, 59 technical indicators, and access to exchange pricing and market depth analysis.

Trading Instrument

Zero Markets boasts a vast array of over 10,000 tradable products, ensuring diversity in your trading portfolio:

• Forex: Trade over 70 major, minor, and exotic currency pairs from around the world.
• CFDs: Take advantage of high leverage rates to maximize returns with 2,000 equity CFDs.
• Indices: Engage in trading world-leading indices, including the NASDAQ, JPN225, and the FTSE.
• Commodities: Enjoy deep liquidity while trading in energies and precious metals.
• Cryptocurrency: Trade top crypto pairs, including Bitcoin, Ripple, and Ethereum. ETF trading is also available.

Spreads, Commission, and Fees

Zero Markets commits to tight spreads. For instance, spreads on EUR/GBP and GBP/USD pairs start from as low as 0.1 and 0.2 pips, respectively, and average around 1.67 and 1.85 pips. Spreads for XAU/USD start from 0.16. The commission stands at $3.5 per lot. However, additional fees are not as transparent as one might desire, particularly concerning account inactivity charges and the extent of swap fees.

Leverage Options

Leverage is available from 1:1 up to an impressive maximum of 1:500. While high leverage can amplify returns, it also carries heightened risk. Users can conveniently adjust their leverage rates through the client portal in the MetaTrader platforms. On the IRESS platform, you can change between leveraged and non-leveraged accounts by contacting accounts@zeromarkets.com.

Mobile Trading

Zero Markets offers an intuitive mobile app that supports MT4, MT5, and IRESS trading platforms. Users can customize trading layouts, access charts, perform one-click trading, and enjoy a user-friendly interface. The app is easily downloadable from the App Store or Google Play store.

Payment Methods

Zero Markets accepts a variety of payment methods, including credit/debit cards, bank wire transfer, Neteller, Paypal, Skrill, Paytrust, Poli, and Bpay. The minimum deposit requirement is $200, with credit/debit card payments providing instant funding and no associated fees. Withdrawals are processed within 3-5 business days, with bank wire transfers taking one business day. International fees may apply to bank wire transfers, Paypal, Neteller, and Skrill withdrawals must be made from the same account from which the funds were sent.

Demo Account

Traders can hone their skills with a free demo account at Zero Markets. This enables users to trial both MT4 and MT5 platforms and choose between a raw, standard, or leveraged account. Demo accounts come preloaded with virtual funds, making them suitable for traders of all experience levels.

Deals & Promotions

Zero Markets frequently runs promotional offers, including a referral program where clients can earn a cash bonus of $100 by referring a friend. They also offer a VPS reimbursement bonus; for details, you can reach out to support@zeromarkets.com. Be sure to check the broker's website for the latest no deposit welcome bonus offers when opening an account.

Regulation & Licensing

Zero Markets operates under the regulation of the Australian Securities and Investments Commission (ASIC), boasting license number 286354. ASIC is a reputable regulatory authority, providing a valuable avenue for clients to address grievances in the event of profit payment disputes. An ASIC license also signals the broker's trustworthiness and credibility, minimizing the risk of fraudulent activities.

Additional Features

Clients can access an economic calendar, sentiment trader, and market information via the MT4 trader toolbox, provided they deposit A$1,000. The broker also offers a glossary and a list of e-book recommendations. However, some resources on the broker's platform may appear outdated compared to offerings from other brokers, and this is an area where Zero Markets could enhance its services.

Account Options

Zero Markets presents two primary account types:

Standard Account

The Standard account suits both novice and experienced traders. It requires a minimum deposit of A$200, offering spreads starting at 1 pip. The maximum available leverage is 1:500, and clients enjoy commission-free trading.

Super Zero Account

Designed for more experienced traders, the Super Zero account mandates a minimum deposit of A$1,000 and charges a commission of $3.5 per lot. Spreads commence at zero pips. Both MT4 and MT5 platforms are available for both account types.

Zero Markets also offers Multi Account Manager (MAM) and a Percentage Allocation Management Module (PAMM).

Trading Hours

Trading hours vary depending on the instrument and market. You can find detailed information for each instrument under the 'trading hours' tab on the Zero Markets website. Any deviations from the standard trading hours are communicated to clients.

Customer Support

Zero Markets provides customer support 24/5, allowing clients to reach out via live chat or request a call back through the customer support tab on the website. Alternatively, you can contact support@zeromarkets.com by email. It's worth noting that wait times for the online chat channel can be several hours, which may not meet the expectations of beginners or traders in need of immediate assistance.

Trading Security

Client funds are held in segregated accounts with the Commonwealth Bank of Australia, ensuring financial security. All payments adhere to the Australian Client Money rules under the Corporations Act. Furthermore, the MetaTrader platforms incorporate encryption and dual-factor authentication for enhanced security.

Zero Markets Verdict

Zero Markets distinguishes itself with a wide range of tradable assets, versatile account options, and the inclusion of both the MT4 and MT5 trading platforms. With generous leverage and competitive spreads, the broker holds a strong position in the market. However, areas where Zero Markets could improve include offering a more reliable customer support service and maintaining up-to-date learning resources.

Pros and Cons

Pros:

• Market-leading MT4 and MT5 platforms available via web browser, desktop, and mobile.
• Instant funding methods with no fees, and support for a range of Asian currencies.
• Social/copy trading features, plus MAM/PAMM accounts for those seeking a hands-off approach.
• Low commissions, with the Super Zero account offering zero commissions.
• Popular ETFs from Vanguard and BlackRock.
• VPS service and AI-powered trading tools.

Cons:

• Limited educational resources and tools compared to many brokers.
• Lack of transparency around account fees.
• Slow response times via live chat.

Zero Markets is a brokerage that caters to both beginner and experienced traders, with a strong offering in terms of platforms and tradable assets. While it has room for improvement in certain aspects, it remains a competitive choice in the market.

Zero Markets Broker Details

Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.