Brokers / ZERO Markets
ZERO Markets Review 2026: Costs, Safety, Platforms and Who It Suits
The 60-Second Decision
ZERO Markets is most relevant to active traders who want a choice between spread-only pricing and raw spreads with a per-side commission, alongside MetaTrader automation. Its main pricing trade-off is clear: the Standard account has no forex commission, while Super Zero starts from 0.0 pips and adds commission.
The legal entity serving you determines your protections and available leverage. Before funding, compare the full cost of your account, including commission, overnight financing and payment-provider charges.
Decision Snapshot
| Question | Answer |
|---|---|
| Best suited to | Active traders, scalpers and algorithmic users who want floating spreads and MetaTrader tools. |
| Less suitable for | Traders who require a uniform regulatory framework or investor-compensation scheme across jurisdictions. |
| Main advantage | Two main forex pricing models: commission-free Standard and raw-spread Super Zero. |
| Main limitation | Entity-specific protections and leverage mean conditions can differ by location. |
| Minimum deposit | $100 USD or equivalent for Standard, Super Zero and Islamic accounts. |
| Main platforms | MetaTrader 4, MetaTrader 5 and WebTrader. |
| Biggest fee to watch | Super Zero commission, plus overnight swap charges when positions are held beyond the trading day. |
What We Liked
-
Standard and Super Zero offer a choice between spread-inclusive forex pricing and raw spreads with commission.
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MT4 and MT5 are available on desktop, web and mobile; Expert Advisors run on desktop or VPS environments.
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Islamic swap-free account options are available on Standard and Super Zero.
What We Didn't
-
The $100 minimum deposit applies to all three listed account types.
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Regulatory protections and leverage depend on entity and client jurisdiction.
-
Payment-provider or bank charges can still apply even when ZERO Markets does not charge an internal fee.
Key Specifications
|
Deposit: |
100 |
|---|---|
|
Spread: |
Floating |
|
Maximum Leverage: |
500 |
|
Regulation: |
ASIC FMA FSC SVG FSA |
|
Broker Type: |
ECN |
|
Best For: |
Active traders, scalpers, and algorithmic users who want tight commission-based spreads and fast MetaTrader or TradingView execution. |
|
Platforms: |
MetaTrader 4 MetaTrader 5 WebTrader |
|
Instruments: |
Forex Stocks Indices Commodities Cryptocurrencies |
|
Deposit Methods: |
Airtm Apple Pay Bitcoin Bitcoin Cash Epay Ethereum Finrax Google Pay Interac Litecoin Mastercard Neteller POLi Ripple SEPA Skrill Sticpay Tether USD Coin Visa Wire Transfer |
|
Withdrawal Methods: |
Airtm Apple Pay Bitcoin Bitcoin Cash Epay Ethereum Finrax Google Pay Interac Litecoin Mastercard Neteller POLi Ripple SEPA Skrill Sticpay Tether USD Coin Visa Wire Transfer |
|
Offices: |
Australia Mauritius Saint Vincent And Grenadines |
In This Article...
01
Broker Profile
| Dimension | Profile |
|---|---|
| Main business model | ECN broker offering leveraged trading in forex and CFDs. |
| Product focus | Forex, stocks, indices, commodities and cryptocurrencies, mainly through derivatives. |
| Pricing model | Hybrid: Standard uses spread-inclusive pricing with no commission on core forex; Super Zero uses raw spreads from 0.0 pips plus $2.50 per side. Share and ETF CFD commissions differ. |
| Automation support | MT4 and MT5 Expert Advisors, VPS hosting subject to trading-volume criteria, and copy and social trading. |
| Typical customer | Active traders and users of scalping or automated strategies who are comfortable with floating spreads and account-specific pricing. |
| Regulation structure | Multi-entity, with Australian, Mauritius and SVG regulatory jurisdictions; New Zealand clients have a separate entity and registration framework. |
| Trading complexity | High: account pricing, leverage and client protections vary by product, jurisdiction and legal entity. |
What materially distinguishes it?
- Two forex pricing models
- Standard includes core forex costs in the spread, while Super Zero pairs raw spreads from 0.0 pips with a per-side commission. Traders can compare the structure that better fits their trade size and frequency.
- Entity-dependent client conditions
- The regulatory entity affects leverage and applicable protections, so a client's location can change the practical terms of the same broker relationship.
02
What We Tested — and What We Didn't
Tested directly
- Verification: In our experience, verification remained pending for about 20 days. T.T described waiting around two months without being verified.
- Withdrawal: The withdrawals we experienced were fast.
- Email support: We sought a clear response about the extended verification wait, but the reply did not resolve the issue.
Verified from primary sources
We checked the entity and regulatory details against the cited ASIC, New Zealand FMA and Mauritius FSC register pages. These records relate to specific jurisdictions and entities; they do not establish that every client receives the same protections.
Not independently verified
We did not independently measure average execution speed, slippage frequency or liquidity quality. ZERO Markets describes its model as ECN and its execution as fast; these remain broker claims rather than independently established performance results.
03
What Does It Actually Cost?
Account Pricing
| Account | Minimum Spread | Commission | Minimum Deposit |
|---|---|---|---|
| Standard | From 1.0 pip on EUR/USD (current detailed spread table) | $0 on core forex; costs are included in the spread. | $100 USD or equivalent |
| Super Zero | From 0.0 pips | $2.50 per side; share and ETF CFD commissions differ. | $100 USD or equivalent |
| Islamic | From 1.0 pip on Islamic Standard; raw/super-zero variant follows raw pricing | Depends on the Standard or Super Zero pricing model. | $100 USD or equivalent |
Spreads are floating. A minimum spread is not the same as an average spread: Standard starts from 1.0 pip, while Super Zero starts from 0.0 pips and adds commission. Compare the complete cost for your trade size and instrument rather than treating the minimum spread as the expected trading cost.
What the headline number doesn't tell you
Advertised spread: Super Zero spreads start from 0.0 pips.
What that doesn't tell you:
The Super Zero rate is paired with a $2.50-per-side commission. The total also depends on the spread available when you trade and any financing or conversion costs that apply.
Non-Trading Costs
| Fee | Amount | Conditions |
|---|---|---|
| Deposit | ZERO Markets states deposit fees are waived except bank-wire EUR SEPA, while electronic merchant fees can remain the client's responsibility. | Generally waived; exceptions include the stated EUR SEPA route and applicable merchant fees. |
| Withdrawal | ZERO Markets states the client incurs the withdrawal fee, with the amount depending on the selected funding/payment method. | Applies according to the withdrawal/payment method shown in the current funding table. |
| Inactivity | - | - |
| Currency conversion | A currency-conversion cost or markup can apply when the deposit, withdrawal, instrument, profit/loss, or settlement currency differs from the account base currency. The exact rate usually depends on entity, product and conversion route. | Applies when a deposit, withdrawal, instrument, P/L or settlement currency differs from the account base currency; rate varies by entity, product and conversion route. |
Overnight swap is charged or credited on positions held past the trading day. ZERO Markets says a triple swap is normally applied on Wednesday for weekend settlement. Islamic accounts do not accrue traditional swap interest, but a flat administration fee may apply to overnight positions.
Cost most worth watching
For Super Zero, include the $2.50-per-side commission in every round trip, then factor in floating spreads. For positions held overnight, check the applicable swap or Islamic-account administration fee. Payment and conversion charges can add to the cost of funding or withdrawing.
04
Is ZERO Markets Regulated and Safe?
ZERO Markets operates through different entities and regulatory arrangements. The contracting entity matters: it determines which local rules and protections apply. The regulatory details below distinguish Australian clients, New Zealand clients and clients using the Mauritius entity.
Legal Entity Map
| Regulator | License Number | Jurisdiction | Main Protections |
|---|---|---|---|
| ASIC | AR 001301717 (under AFSL 244040) | Australian clients via authorised-representative structure | ZERO Financial Pty Ltd acts as authorised representative 001301717 of Zero Securities Pty Ltd (AFSL 244040). The authorised representative is not itself the AFSL holder. |
| FMA (New Zealand) | FSP569807 | New Zealand | New Zealand entity/rules apply. Check whether the firm is licensed or only registered for a specific service; product and dispute-resolution arrangements differ from other entities. |
| FSC (Mauritius) | GB21026308 | International / Mauritius entity (subject to exclusions) | Local/offshore FSC (Mauritius) framework applies. UK/EU/Australian retail protections and compensation schemes do not automatically apply; leverage, products and dispute routes may differ. |
Why the entity matters
Leverage is jurisdiction-dependent. ZERO Markets offers up to 1:500 for major forex pairs on offshore and eligible professional or wholesale accounts, while Australian ASIC retail accounts are capped at 1:30 for major forex pairs. The stated retail limits also vary by asset class.
The New Zealand registration and dispute arrangements differ from those under other entities. The Mauritius framework does not automatically provide Australian, UK or EU retail protections or an investor-compensation scheme. ZERO Markets lists no investor compensation scheme.
Client Protection
ZERO Markets says client funds are held in segregated accounts. Negative balance protection depends on jurisdiction and account type: it is explicitly listed for eligible MT4 and MT5 Pro Trader account holders, while standard retail terms do not guarantee it for every account. Neither regulation nor these protections remove market, counterparty or trading risk.
05
What Can You Actually Trade?
| Asset Class | Available | Approx. Number | Maximum Retail Leverage |
|---|---|---|---|
| Forex | Yes | 60 | 1:30 |
| Crypto | Yes | 11 | 1:2 |
| Stocks | Yes | 813 | 1:5 |
| Indices | Yes | 14 | 1:20 |
| Commodities | Yes | 15 | 1:20 |
| ETFs | Yes | Offered — count not published | 1:5 |
| Options | No | Not Offered | - |
| Bonds | Yes | 2 | N/A |
Where the range is strongest
Equity exposure is the largest listed category, with 813 stock CFDs, alongside ETF CFDs on MT5. These are derivatives, not direct share or ETF ownership, and CFD holders have no voting rights.
Where it is limited
The product count is smaller in bonds and crypto, and retail leverage is lower for shares and crypto than for forex. Crypto exposure is through leveraged derivatives rather than wallet ownership, and availability can be restricted by jurisdiction.
06
Platforms and Mobile Experience
Available Platforms
| Platform | Web | Desktop | Mobile | Best Use Case |
|---|---|---|---|---|
| MetaTrader 4 | Yes — MetaTrader 4 WebTrader | Yes — desktop terminal | Yes — iOS/Android | Automated FX/CFD trading with MQL4 Expert Advisors and custom indicators. |
| MetaTrader 5 | Yes — MetaTrader 5 WebTerminal | Yes — desktop terminal | Yes — iOS/Android | Multi-asset algorithmic trading, backtesting and MQL5 Expert Advisors. |
| WebTrader | Yes — MT4/MT5 browser interface | No native install — browser | Mobile browser access is possible, but dedicated MetaTrader mobile apps are separate | Browser-based manual trading without installing a desktop terminal. |
Core Experience
MT4 and MT5 provide charting and desktop trading environments. MetaTrader desktop terminals support Expert Advisors; MT5 also supports its Strategy Tester and MQL5 automation tools. WebTrader is suited to browser-based manual trading, while the browser and mobile versions do not run EAs.
Advanced Features
ZERO Markets supports copy and social trading through MT4 integrations. Copying can use fixed-volume or ratio scaling, with the option to copy a provider's existing positions or begin with new trades. VPS hosting is offered for automated strategies, subject to trading-volume criteria. The broker does not offer a standalone direct API; automation is through MetaTrader's native tools.
Mobile Experience
MT4 and MT5 mobile apps are available for iOS and Android. They provide mobile access to the MetaTrader trading accounts, while EA development and full automation remain desktop- or VPS-centric.
Main Platform Trade-Off
Best aspect: MT4 and MT5 offer web and mobile access, plus desktop Expert Advisor support.
Main friction point: Full automation and custom-code development require a desktop or VPS; WebTrader does not run EAs.
07
Opening, Funding and Withdrawing From the Account
Account Opening
ZERO Markets requires KYC and AML checks during onboarding. Clients need a valid government-issued photo ID, such as a passport or driver's licence, and proof of address, such as a recent utility bill or bank statement, usually dated within the previous three to six months. A demo account is also available.
Standard, Super Zero and Islamic accounts each require a $100 USD minimum deposit or equivalent. Base currencies are AUD, USD, EUR and GBP.
Deposits and Withdrawals
| Method | Deposit Time | Withdrawal Time | Deposit Fee | Withdrawal Fee |
|---|---|---|---|---|
| Bank transfer | Instant / 1–3 business days | Varies by method: Usually within 1–2 business days / Domestic bank about 1 business day | No broker deposit fee / No ZERO broker fee, SEPA bank charges borne by client / No ZERO broker fee, bank/intermediary fees may apply | Varies by method: No broker processing fee, merchant/provider charges may apply / No broker processing fee |
| Cards | Instant | About 3–5 business days | No broker deposit fee | No broker processing fee, merchant/provider charges may apply |
| E-wallets | Instant | Varies by method: Usually within 1 business day / Method-specific | No broker deposit fee | No broker processing fee, merchant/provider charges may apply |
| Cryptos | Instant | Varies by method: Usually within 1 business day plus blockchain confirmation / Method-specific | No broker deposit fee | No broker processing fee, merchant/provider charges may apply |
Deposit and withdrawal options include Mastercard, Visa, Apple Pay, Google Pay, wire transfer, Skrill, Neteller, Interac, Airtm, SEPA, Epay, Sticpay, Finrax, POLi and several cryptocurrencies, including Bitcoin, Ethereum, Tether, Litecoin, Ripple, Bitcoin Cash and USD Coin. Availability depends on the payment method and location. ZERO Markets' minimum deposit is $100 USD or the equivalent in another supported account currency.
Processing estimates vary by method. A bank or payment provider may add its own transfer, processing or currency-conversion charges, so distinguish those costs from any broker fee before choosing a funding route.
08
Execution and Trading Conditions
ZERO Markets is described as an ECN broker. The broker says it supports scalping, hedging and news trading and does not restrict trading during high-impact economic releases. These strategies remain subject to market conditions: spreads can widen and slippage can occur during volatile events.
Slippage can be positive or negative, and the broker's trading conditions list no requotes. These statements do not establish typical execution speed or slippage frequency. The broker's ECN/STP and fast-execution descriptions should be treated as claims, not as a guarantee of a particular fill.
Margin call is listed at 100% and stop-out at 50%. Hedging and scalping are allowed. MetaTrader automation is supported through Expert Advisors, and ZERO Markets says it does not penalize programmatic strategies. Maximum leverage varies by jurisdiction, client type and product: offshore major forex pairs can reach 1:500, while Australian ASIC retail major forex is capped at 1:30.
09
Research, Education and Support
Research and Tools
Research tools include market analysis, an economic calendar, price charts, market sentiment and news. Educational resources include articles, guides, videos, tutorials and platform guides.
Customer Services
| Channel | Average Response Time | Availability | Multilingual |
|---|---|---|---|
| Live chat | 1 minute | 24/5 | Yes |
| Phone | 1-3 minutes | 24/5 | Yes |
| 4-12 hours | 24/5 | Yes |
Support channels are live chat, email and phone. Listed support languages include English, Korean, Vietnamese, Thai, Malaysian, Indonesian and Chinese. Customer feedback describes agents as generally professional and practical, but some withdrawal cases have needed repeated follow-up, and some users report unclear communication.
10
ZERO Markets vs Relevant Alternatives
- Overall Rating
- 4.0/5
- Platforms
-
- Fees
-
- Best For
- Moderate to advanced traders, ECN scalpers, and high-volume automated traders (EAs) looking for competitive, low-spread trading environments.
- Overall Rating
- 4.1/5
- Platforms
-
- Fees
-
- Best For
- Active forex and CFD traders seeking multi-platform access, copy trading, and fast execution
- Overall Rating
- 4.2/5
- Platforms
-
- Fees
-
- Best For
- Scalpers, day traders and platform-focused CFD traders
- Overall Rating
- 4.2/5
- Platforms
-
- Fees
-
- Best For
- Cost-conscious forex and CFD traders seeking low commissions and fast execution
12
Before You Open an Account
Check these three things first
- Your legal entity: Confirm which ZERO Markets entity will contract with you and which local regulatory and dispute arrangements apply.
- Your likely trading cost: Compare the spread and commission for your account, then include overnight swap or Islamic-account administration charges and any payment-provider costs.
- Your product/account requirements: Check that the account type, instruments, leverage and funding methods available in your jurisdiction fit your plan.
Bottom line
ZERO Markets is primarily suited to active traders who want a choice of spread-only or raw-spread forex pricing and MetaTrader automation. Entity-specific protections and the full cost of commission, financing and payment charges are the main details to check before opening an account.
012 — FAQs
Frequently Asked Questions About
Is ZERO Markets regulated?
ZERO Markets serves clients through entities and arrangements that vary by location. These include ASIC for Australian clients through an authorised-representative structure, the New Zealand FMA framework for New Zealand clients, and the Mauritius FSC framework for the international/Mauritius entity, subject to exclusions. Confirm the contracting entity and local rules before opening an account.
Is ZERO Markets safe?
ZERO Markets says it holds client funds in segregated accounts. Negative balance protection depends on jurisdiction and account type; it is explicitly listed for eligible MT4 and MT5 Pro Trader account holders, but is not guaranteed for every standard retail account. ZERO Markets lists no investor compensation scheme, and regulation does not remove trading or counterparty risk.
What is the minimum deposit?
The minimum deposit is $100 USD or equivalent for Standard, Super Zero and Islamic accounts. Base account currencies include AUD, USD, EUR and GBP. Check the account and funding options available to your legal entity before transferring funds.
Does ZERO Markets charge commission?
Commission varies by account and product. Standard charges no commission on core forex trades, with costs included in spreads starting from 1.0 pip. Super Zero has raw spreads from 0.0 pips and a $2.50-per-side commission; share and ETF CFD commissions differ.
Does it offer MT4 or MT5?
Yes. ZERO Markets offers MetaTrader 4 and MetaTrader 5 on desktop, web and iOS/Android. Both desktop platforms support Expert Advisors; full EA and custom-code functionality is desktop- or VPS-based.
How long do withdrawals take?
Timing depends on method. Card withdrawals take about 3–5 business days. E-wallet and crypto withdrawals usually take within 1 business day; crypto also requires blockchain confirmation. Bank withdrawals usually take 1–2 business days, with domestic transfers taking about 1 business day and international transfers up to about 5 business days. Bank or payment-provider settlement can affect final timing.
Elena Vargas
Elena Vargas is a forex reviewer and financial writer dedicated to analyzing brokers, trading platforms, and market trends. She creates research-driven content designed to help traders make informed decisions in the global forex market.
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