Profile
ZTrade is a multi-asset broker offering forex and CFD trading via MetaTrader platforms, with a focus on high-leverage accounts and user-friendly onboarding. Operating under an offshore regulatory framework, ZTrade targets retail traders seeking access to global markets with minimal entry barriers. This ZTrade review examines its regulation, execution model, trading conditions, platform support, and client protections.
Regulation and Security
ZTrade is operated by ZTrade International Ltd, a company incorporated in Saint Vincent and the Grenadines. It is registered under the Business Companies Act but is not regulated by any recognised financial authority. As such, ZTrade does not provide investor compensation schemes or regulatory client protections such as:
- FSCS (UK) or ICF (Cyprus) coverage
- Regulated segregation of funds
- Mandatory negative balance protection
While ZTrade claims to segregate client funds and apply internal risk controls, these safeguards are not enforced by an external regulator.
Execution Model
ZTrade uses a hybrid STP (Straight Through Processing) model, routing client trades to liquidity providers without a dealing desk. Execution is aggregated via bridge technology, and slippage or requotes may occur during volatility. While not explicitly ECN, the broker offers raw spread accounts with commission-based pricing, indicating access to external liquidity pools.
Trading Platforms
ZTrade supports the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Key features include:
- Custom indicators and Expert Advisor (EA) automation
- Multiple order types with advanced execution logic
- Mobile trading for iOS and Android
- Web-based terminal access with full account management
Both platforms support algorithmic trading, hedging, and third-party plugin integration. There is no proprietary platform or social trading module.
Supported Markets
ZTrade offers CFD trading across several asset classes:
- Forex – 60+ pairs including majors, minors, and exotics
- Indices – Major indices including S&P 500, FTSE, DAX, Nikkei
- Commodities – Gold, silver, crude oil, and agricultural futures
- Stocks – US, UK, and EU-listed company CFDs
- Cryptocurrencies – BTC, ETH, XRP, LTC and more (via CFD only)
All instruments are traded as leveraged CFDs with floating spreads and variable margin requirements.
Account Types and Trading Conditions
ZTrade offers multiple account types to accommodate different trading styles:
- Standard Account – No commission, spreads from 1.5 pips
- ECN Account – Raw spreads from 0.1 pips + $6 per lot round turn
- Islamic Account – Swap-free, available on request
Trading conditions across all accounts include:
- Minimum deposit: $100
- Leverage: Up to 1:500 (varies by asset class)
- Margin call: 100%; Stop out: 50%
- Execution: Market execution only
Retail and Institutional Features
ZTrade primarily targets retail clients, though basic support for institutional features exists:
- MT5 platform for multi-asset support
- Scalping and hedging allowed on all accounts
- Customisable rebate programs for partners
- Limited FIX API access (on request)
There is no access to tiered liquidity, prime brokerage services, or dedicated institutional desks.
Client Protection and Transparency
As an unregulated broker, ZTrade does not fall under any formal financial supervisory framework. Internal safeguards include:
- Segregated accounts at partner banks
- Manual withdrawal verification
- Daily reconciliation of client vs broker funds
However, there is no third-party oversight, and dispute resolution is limited to internal procedures.
Base Currencies, Order Types, and API Access
Supported base currencies include USD, EUR, GBP, and AUD. Available order types on MT4/MT5 include:
- Market, limit, stop, and trailing stops
- OCO (One Cancels the Other) and multi-leg order setups via EA
API access is limited but may be granted to high-volume or white-label partners through custom arrangements.
Pros and Cons
- Pros:
- MT4 and MT5 support for automated and manual trading
- High leverage up to 1:500
- Flexible account types including ECN and swap-free
- Crypto, stock, and forex CFDs all available
- Cons:
- No regulatory licence from a major financial authority
- No compensation scheme or investor protection
- Limited transparency on execution quality and slippage
- No proprietary platform or advanced tools for institutions
Frequently Asked Questions
Is ZTrade a regulated broker?
No. ZTrade is registered in Saint Vincent and the Grenadines and operates without oversight from a recognised financial regulator.
What trading platforms does ZTrade support?
ZTrade supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) across desktop, mobile, and web.
What leverage does ZTrade offer?
Leverage is available up to 1:500, depending on the asset class and account type.
Can I use automated trading strategies?
Yes. Both MT4 and MT5 accounts support Expert Advisors (EAs) and algorithmic trading.
Does ZTrade offer negative balance protection?
ZTrade offers negative balance protection on a discretionary basis, but it is not guaranteed or regulator-enforced.
