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Zixfx

Saint Vincent and the Grenadines|2-5 years|
Suspicious Scope of Business|High potential risk|

https://zixfx.com/

Website

Rating Index

Contact

support@zixfx.com
https://zixfx.com/
First Floor St. Vincent Bank Ltd Building James Street Kingstown St. Vincent and the Grenadines

Licenses

No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away!
Previous Detection : 2024-12-04
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Zixfx · WikiFX Survey

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Zixfx · Company Summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

Zixfx Review Summary in 10 Points
Founded 2022
Registered Country/Region Saint Vincent and the Grenadines
Regulation No regulation
Market Instruments Forex, commodities and cryptocurrencies
Demo Account Available
Leverage 1:1000 (Classic account)1:1000 (Standard account)1:200 (VIP account)
EUR/ USD Spreads 1.2 pips (Classic account)0.3 pips (Standard account)0.1 pips (VIP account)
Trading Platforms MT4
Minimum Deposit $100 (Classic account)$100 (Standard account)$10,000 (VIP account)
Customer Support Phone, email

What is Zixfx?

Zixfx is a online brokerage that offers a range of trading services to its clients. The brokerage offers a variety of financial instruments, primarily focusing on forex trading. Traders at Zixfx can benefit from competitive spreads, allowing for potentially lower trading costs. Also, it offers multiple account types to suit different trading preferences and experience levels, providing flexibility to traders. However, it has no regulation.

Zixfx's home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
• Convenient deposit and withdrawal methods • Not regulated
• Real-time commission tracking • Limited educational resources
• MT4 supported
• Multiple account options

Zixfx Alternative Brokers

There are many alternative brokers to Zixfx depending on the specific needs and preferences of the trader. Some popular options include:

  • Interstellar FX - A trading platform that provides a wide range of financial instruments, leveraging advanced technology to offer a seamless trading experience to its clients.

  • TeraFX - A reputable forex broker that offers a diverse range of trading solutions, backed by advanced trading tools and exceptional customer support.

  • LIGHT FX - An innovative online brokerage that prides itself on offering competitive trading conditions, cutting-edge technology, and a user-friendly interface to empower traders of all levels.

Is ZixfxSafe or Scam?

Zixfx has no valid regulation, which means that there is no government or financial authority oversighting their operations. It makes investing with them risky.

If you are considering investing with Zixfx, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.

Market Instruments

Zixfx offers a variety of trading instruments across different asset classes, including forex, commodities and cryptocurrencies.

- Forex: Zixfx offers a comprehensive range of Forex pairs for traders to invest in, including major, minor, and exotic currency pairs. Foreign exchange, or Forex refers to the trading of currencies. Countries, businesses and individuals all participate in this market, making it the most heavily traded market. Forex trading holds low entry barriers due to the fact that it is accessible to clients without requiring significant amounts of capital by trading on margin. The continuously fluctuating exchange rate enables market participants to make profits by executing successful trades.

- Commodities: Zixfx provides traders with access to a range of other commodities, including metals, agricultural products, and energy products like oil. Commodities are traded on the futures markets, and their values can be impacted by a variety of factors, such as supply and demand, geopolitical events, and weather patterns.

- Cryptocurrencies: Cryptocurrencies are an online medium of exchange that uses cryptographic functions to transact. The platform offers traders access to major cryptocurrencies such as Bitcoin, Ethereum, and Ripple. Cryptocurrencies present the opportunity to trade 24/7. Cryptocurrencies are not affected by central bank policies and are regarded as a highly accessible instrument. Zixfx facilitates your access to a wide selection of cryptocurrency instruments combined with excellent trading conditions and low margin requirements.

Market Instruments

Accounts

Zixfx offers three live account types including VIP account, Classic account and Standard account with the minimum deposit requirement of $10,000, $100 and $100 respectively.

  • VIP Account:

The VIP account is designed for experienced traders and individuals with a higher level of trading expertise. As a VIP account holder, you can expect exclusive features and benefits such as personalized customer support, lower spreads, and access to advanced trading tools. The VIP account also offers a maximum leverage of 1:200, enabling traders to potentially increase their trading positions. This account type aims to cater to the needs of seasoned traders who require enhanced trading capabilities and services.

  • Classic Account:

The Classic account is suitable for traders of all levels, including beginners. It offers a diverse range of trading opportunities and competitive features. With the Classic account, you'll have access to standard trading services such as customer support, market analysis, and an intuitive trading platform.

  • Standard Account:

The Standard account is an accessible option for traders looking to get started in the financial markets. The minimum deposit makes it suitable for those with a limited initial investment. The Standard account offers essential trading features, including customer support, access to the trading platform, and educational resources to aid in skill development.

It's important to note that these descriptions provide a general overview of the account types offered by Zixfx. For specific details and any recent updates related to these accounts, it's recommended to visit Zixfx's official website or get in touch with their customer support for accurate and up-to-date information.

Account Types

Leverage

Leverage is a tool that allows traders to open larger positions than their initial investment by borrowing funds from their broker. It can amplify both potential profits and losses in trading.

For the Classic and Standard accounts, Zixfx offers a maximum leverage of 1:1000. This means that for every dollar of the trader's own capital, they can potentially trade with up to 1000 dollars. With such high leverage, traders can have the opportunity to control larger trading positions with a smaller initial investment. It can be beneficial for those who want to maximize their trading exposure. However, it's important to note that higher leverage also increases the risk of potential losses.

On the other hand, the VIP account at Zixfx offers a maximum leverage of 1:200. While this leverage option is lower than the Classic and Standard accounts, it still allows traders to amplify their trading positions by a factor of 200.

When using leverage, it's crucial for traders to have a solid understanding of its implications and how it can impact their trading strategy. Risk management and caution are vital to ensure that leverage is used responsibly. It's recommended to consult with Zixfx or seek professional advice to determine the most appropriate leverage level based on individual trading goals and risk tolerance.

Spreads & Commissions

Zixfx provides competitive spreads for its different account types.

For the Classic account, Zixfx offers a spread starting from 1.2 pips. The spread represents the difference between the buying and selling prices of a trading instrument. A higher spread implies a wider gap between these prices. In the case of the Classic account, traders should expect a relatively wider spread compared to the other account types offered by Zixfx.

The Standard account at Zixfx provides traders with a tighter spread starting from 0.3 pips. A tighter spread indicates a smaller difference between the buying and selling prices of a trading instrument. With a spread as low as 0.3 pips, traders with a Standard account can benefit from potentially reduced trading costs.

Zixfx offers the tightest spread for its VIP account, starting from as low as 0.1 pips. This provides traders with highly competitive pricing and potentially lower transaction costs. The tighter spreads offered in this account type can be particularly advantageous for traders who frequently engage in high-volume trading strategies.

Besides, Zixfx offers the potential for high commissions, with amounts of up to $13 per trade. This indicates that traders using the platform have the opportunity to earn substantial commissions based on their trading activities. Their commissions are recorded and calculated to traders in real time.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commission
Zixfx 0.3 pips (Std) up to $13 (Std)
Interstellar FX 1.6 pips None
TeraFX 0.6 pips None
LIGHT FX 0.2 pips None

Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.

Trading Platforms

Zixfxoffers MT4 trading platform for its clients. MT4, short for MetaTrader 4, is a widely-used trading platform in the financial industry. It is renowned for its comprehensive features and user-friendly interface, making it a preferred choice for traders of all levels of experience. MT4 provides a flexible and customizable environment for trading various financial instruments, including currencies, commodities, stocks, and indices. Traders can access an extensive library of technical analysis tools, indicators, and customizable chart templates to conduct in-depth market analysis. The platform supports multiple timeframes and provides real-time price quotes, allowing traders to monitor market movements and identify potential trading opportunities.

MT4 is renowned for its reliability, advanced capabilities, and ease of use. It has become a popular choice among traders worldwide and continues to be a leading trading platform in the industry.

MT4

Overall, Zixfx's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Broker Trading Platform
Zixfx MT4
LIGHT FX MT4
Interstellar FX MT4
TeraFX Trading software

Deposits & Withdrawals

Zixfx accepts deposits and withdrawals via MetaQuotes, VISA, MasterCard, UOB, krungsri, SCB and KASIKORNBANK.

MetaQuotes:

Zixfx accepts deposits through the popular MetaQuotes platform. With MetaQuotes, clients can securely transfer funds directly into their trading accounts using a reliable and user-friendly interface.

VISA and MasterCard:

Zixfx allows deposits through VISA and MasterCard, two widely recognized and accepted payment methods. Clients can easily transfer funds from their credit or debit cards, providing a quick and convenient way to fund their trading accounts.

UOB:

Zixfx accepts deposits from United Overseas Bank (UOB), one of the leading financial institutions. By linking their UOB accounts, clients can initiate deposits directly into their Zixfx trading accounts seamlessly.

Krungsri, SCB, and KASIKORNBANK:

Zixfx also provides the option to deposit funds through Krungsri, Siam Commercial Bank (SCB), and KASIKORNBANK, three prominent Thai banks. Clients can transfer funds from their bank accounts, making deposits secure and straightforward.

As for the deposit options themselves you may choose between the most common ones, also request support team to advise what is the best option for you according to your residence. Please keep in mind that Zixfx prioritizes the security and safety of transactions, and additional verification steps may be required to ensure the integrity of the withdrawal process.

Zixfxminimum deposit vs other brokers

Zixfx Most other
Minimum Deposit $100 $100

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +17844856124

Email: support@zixfx.com

www.zixfx.com

Address: First Floor St. Vincent Bank Ltd Building James Street Kingstown St. Vincent and the Grenadines

Customer Service

Overall, Zixfxs customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Pros Cons
  • Phone and email support available
  • No 24/7 customer support
  • No live chat support
  • Limited communication channels

Note: These pros and cons are subjective and may vary depending on the individual's experience with Zixfx's customer service.

Conclusion

In conclusion, Zixfx is a trading platform that offers a range of services to its clients. The platform provides access to various financial markets, allowing traders to diversify their portfolios and capitalize on different trading opportunities. With its user-friendly interface and advanced charting tools, Zixfx's trading platform, MT4, caters to the needs of both beginner and advanced traders.

However, Zixfx doesnt have regulation. Therefore, traders should verify the regulatory status of Zixfx or any broker they choose to work with to ensure compliance with industry standards and regulatory requirements.

Frequently Asked Questions (FAQs)

Q 1: Is Zixfx regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at Zixfx?
A 2: You can contact via phone, +17844856124 and email, support@zixfx.com and www.zixfx.com.
Q 3: Does Zixfx offer demo accounts?
A 3: Yes.
Q 4: Does Zixfx offer the industry leading MT4 & MT5?
A 4: Yes. It supports MT4.
Q 5: What is the minimum deposit for Zixfx?
A 5: The minimum initial deposit to open an account is $100.
Q 6: Is Zixfxa good broker for beginners?
A 6: No. It is not a good choice for beginners because of its unregulated condition.

Broker Information

Company Name

Zixfx Limited

Abbreviation

Zixfx

Regulatory Status

No Regulation

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Phone of the company

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Facebook

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Instagram

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YouTube

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Company address
  • First Floor St. Vincent Bank Ltd Building James Street Kingstown St. Vincent and the Grenadines

Linkedin

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WhatsApp

--

QQ

--

WeChat

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Customer Service Email Address
  • support@zixfx.com

Company Summary

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