Zero Markets is an online broker with over 10,000 trading options, including forex, CFDs, cryptocurrencies, and commodities, among others. This research looks at the MT4 trading software, how to log in to the client portal, welcome bonuses, and withdrawals.
Zero Markets Overview
The Australian Securities and Investments Commission has been overseeing Zero Markets since 2016. (ASIC). The global firm is owned by ZERO Financial Pty Ltd, which is an authorised representative of First Prudential Pty Markets Ltd.
Zero Markets offers the MT4 and MT5 trading platforms, as well as the IRESS platform and a web-based option.
MetaTrader 4 is a trading platform that enables you to trade stocks, commodities, and currencies.
The MetaTrader 4 (MT4) platform, widely regarded as the world's most popular trading platform, offers quick execution, one-click trading, advanced charting, and live pricing streams. Users can also fully configure the user interface and receive assistance in a number of languages.
The MT4 platform, which can be downloaded directly from the Zero Markets website, is a great tool for forex trading. To navigate the web trader website, you can also use an internet browser.
Point of View of IRESS
Zero Markets provides access to the IRESS ViewPoint website. This framework was designed to work with a wide range of web browsers. IRESS ViewPoint includes automatic data syncing, 50+ drawing tools, 59 technical indicators, and access to exchange pricing and market depth analysis.
You can trade over 10,000 goods at Zero Markets:
- Forex – Trade 70+ big, minor, and exotic currency pairs from around the world
- CFDs – Trade 2,000 equity CFDs with high leverage rates to optimize returns
- Indices – Trade world-leading indices such as the NASDAQ, JPN225, and FTSE
- Commodities – Trade oil and precious metals with deep liquidity
Spreads & Commissions
The spreads at Zero Markets are said to be tight. Spreads on the EUR/GBP and GBP/USD pairs start at 0.1 and 0.2 pips, respectively, and average 1.67 and 1.85 pips. The spread between XAU and USD starts at 0.16. The commission rate per lot is $3.5.
Regrettably, the broker should be more forthcoming about extra charges. It’s unclear if account inactivity fees apply, as well as the scope of swap fees.
Utilization of leverage
Leverage is available in increments of 1:1 up to 1:500. Although high leverage can help you get bigger returns, it also means you’re taking on a lot of risk.
The client portal in the MetaTrader platforms allows users to request changes to leverage prices.
App for mobile devices
With their mobile app, Zero Markets allows you to trade when on the go. The mobile app supports the MT4, MT5, and IRESS trading platforms. To get started, go to the App Store or Google Play store and check for MT4 or MT5.
Customizable trading templates, chart access, one-click trading, and a user-friendly interface are all included in the app.
Methods of Payment
Zero Markets accepts credit/debit cards, bank wire transfers, Neteller, Paypal, Skrill, Paytrust, Poli, and Bpay as payment methods. The required minimum deposit is $200. Credit/debit card payments offer immediate financing with no fees.
Withdrawals are processed within 3-5 business days. Payments made by bank wire will be credited within one business day, and foreign fees can apply. Withdrawals from Paypal, Neteller, and Skrill must be made from the same account that the funds were sent from.
Traders can sign up for a free Zero Markets demo account. Users can try out both the MT4 and MT5 platforms, as well as a raw, normal, or leveraged account. Demo accounts are virtual accounts with virtual funds that are ideal for both beginner and seasoned traders and provide a perfect way to practice trading.
Special Offers & Promotions
Zero Markets runs promotions on a regular basis. Customers can win a $100 cash bonus by referring a mate. A VPS reimbursement bonus is also available from the broker. When you open an account, make sure to search the broker’s website for the most up-to-date no-deposit welcome bonus deals.
Licensing and Regulation
Along with the UK FCA and the CySEC, ASIC is one of the most reputable regulatory bodies. Clients have a complaint mechanism if the broker refuses to pay out profits, for example, thanks to regulatory oversight. An ASIC license is also a good indication that the broker is legit and not a con artist.
Features Not Included
Clients may use the MT4 trader toolbox to access an economic calendar, a sentiment trader, and market data; however, they must deposit A$1,000 to use this feature. A glossary and a list of e-book tips are also included.
Unfortunately, some of the broker's tools, such as the Market News tab, tend to be out of date. Overall, Zero Markets' pricing is simple as compared to the valuable extras offered by other brokers.
Types of Account
The Standard and Super Zero accounts are available at Zero Markets.
The Standard account is appropriate for both new and seasoned traders. Spreads start at 1 pip on standard accounts, which require a minimum deposit of A$200. The overall leverage available is 1:500, and clients can trade without paying a fee.
For more seasoned traders, the Super Zero account is a good option. The minimum deposit is A$1,000, with a commission of $3.5 per lot payable. Spreads start at 0 pips.
For any account sort, you can use the MT4 or MT5 platforms. Traders can log in to the client portal by clicking the login button in the top right corner of the homepage.
Multi Account Manager (MAM) and a Percentage Allocation Management Module are also available from Zero Markets (PAMM).
The following are some of the advantages of dealing with Zero Markets:
- MT4 and MT5 trading platforms
- Positive customer feedback
- Leverage up to 1:500
- Zero pip spreads
- ASIC controlled
The following are some of the disadvantages of trading with Zero Markets:
- Limited additional capital
- Lack of clarity about account fees
Hours of Trading
The instrument and business have their own trading hours. On the Zero Markets website, under the ‘trading hours' tab, you can find detailed information for each instrument. Clients are also informed of any changes to the daily trading hours.
Buying and selling protection
All payments are processed in compliance with the Corporations Act’s Australian Client Money laws. Encryption and dual-factor authentication are both used to protect the MetaTrader platforms.
The Opinion of Zero Markets
Zero Markets provides a wide range of tradeable securities, a variety of account options, and trading platforms for both MT4 and MT5. The broker is a solid candidate, with generous leverage and nil pip spreads. We’d like to see a more dependable customer support program and up-to-date learning opportunities to help it develop its product even more.
Countries That Are Accepted
Only traders from Australia, Austria, Denmark, Finland, France, Germany, Greece, Indonesia, Ireland, Italy, Korea, Malaysia, the Netherlands, Norway, the Philippines, Portugal, Spain, Switzerland, Thailand, Taiwan, the United Kingdom, and Vietnam are accepted at Zero Markets.
Alternatives to Zero-Rate Auctions
If you’re searching for Zero Markets alternatives, we’ve put together a list of the top 5 brokers that are closest to Zero Markets. This list of brokers similar to Zero Markets is sorted by similarity and only includes firms that allow traders from your region.
- GO Markets – GO Markets is an FX and CFD broker supervised by the Australian Securities and Investments Commission (ASIC).
- Moneta Markets – Moneta Markets is a controlled forex and CFD broker with its own web site.
- FP Markets – FP Markets is a multi-asset broker with many trading sites to choose from.
- ********* Investments Limited – ********* Investments Limited is a controlled Forex and CFD broker that uses the MetaTrader 4 and MetaTrader 5 trading platforms.
- ****** – ****** is a well-regulated FX and CFD broker with a variety of trading platforms.
Frequently Asked Questions
Is Zero Markets a reputable brokerage?
The Australian Securities and Investments Commission regulates and licenses Zero Markets (ASIC). Customer feedback is also favorable on the broker’s website.
Zero Markets provides which trading platforms?
In addition to the prominent MT4 and MT5 trading platforms, Zero Markets also offers IRESS and a WebTrader interface.
Is there a swap-free account at Zero Markets?
No, a swap-free account is not available at Zero Markets. They have no leverage over lending fees as a RAW broker.
What is the maximum leverage that Zero Markets offers?
Leverage is adjustable and ranges from 1:1 to 1:500. With Zero Markets, leverage prices can be negotiated. For more details, contact the customer service department.
Can I use Zero Markets to handle multiple accounts?
Yes, MAM and PAMM accounts are available at Zero Markets. Go to the Zero Markets website’s accounts tab for more details.
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