ZFX (brokerage)

ZFX is a brokerage brand offering trading in financial instruments, including foreign exchange, commodities, indices, shares, and cryptocurrencies. It operates under Zeal Group, a financial technology company headquartered in London, United Kingdom. ZFX supports trading on MetaTrader 4, MetaTrader 5, and a proprietary mobile application.

History and operations

ZFX was established in 2017 as part of Zeal Group. The company provides trading services through regulated entities, including Zeal Capital Market (UK) Limited, authorised by the Financial Conduct Authority (FCA), and Zeal Capital Market (Seychelles) Limited, licensed by the Financial Services Authority (Seychelles).

ZFX serves professional and institutional users in the UK, and retail traders in other regions through its sister company, Traze.

Regulation and compliance

Regulators in several jurisdictions have scrutinized ZFX’s operations. In 2023, the Brazilian Securities and Exchange Commission (CVM) warned that ZFX, through Zeal Capital Market (Seychelles) Limited, operated without authorisation in Brazil and ordered the suspension of any public offering of brokerage services.