ZenithMarketExchange Global is a trading platform established on August 26, 2024. The platform offers a variety of trading options, including forex, indices, commodities, cryptocurrencies, stocks, futures, and bond CFDs. Its mission is to provide retail and institutional clients with a superior trading experience, dedicated to offering traders exceptional spreads, execution, and customer service.
Trading Platforms and Tools
ZenithMarketExchange Global provides several popular trading platforms, supporting MetaTrader 4, MetaTrader 5, cTrader, and TradingView. These platforms are available for PC, iOS, and Android devices, although some links may be inaccessible.
Account Types
The platform offers three main account types:
cTrader Account
- Trading platforms: cTrader, TradingView
- Commission (per lot): $3.0 (round turn $6.0)
- Spreads: from 0.0
- Starting deposit: $200
- Leverage: 1:500
Raw Spread Account
- Trading platforms: MetaTrader
- Commission (per lot): $3.5 (round turn $7.0)
- Spreads: from 0.0
- Starting deposit: $200
- Leverage: 1:500
Standard Account
- Trading platforms: MetaTrader
- Commission (per lot): $0
- Spreads: from 0.8
- Starting deposit: $200
- Leverage: 1:500
Deposits and Withdrawals
ZenithMarketExchange Global supports a variety of deposit and withdrawal methods, including NETELLER, Skrill, VISA, and bank transfer. Withdrawal requests must be submitted by 12:00 AEST/AEDT, and they are processed on the same or next business day, depending on the withdrawal method. The platform does not charge additional fees for deposits and withdrawals, although some banks may impose extra charges. Withdrawals via credit and debit cards typically take 3-5 business days to be processed after approval.
Notably, the platform prohibits payments to third parties, and all withdrawals must be transferred to a bank account or source registered in the same name as the trading account.
Regulation and Security
In an official statement, ZenithMarketExchange Global claims to be regulated by the Financial Services Authority of Seychelles (FSA) and operates under the trading name ICMarkets, holding the securities dealer license number SD018. However, investigation reveals that the company does not possess valid regulatory certification. The company listed as Raw Trading Ltd on the FSA website is not affiliated with them. There is no record of their registration with the UK's Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC). This broker is misappropriating other companies' information, attempting to deceive consumers, thus investors should be extremely cautious.
Customer Support and Contact Information
The platform offers 24/7 online customer support through email ([email protected]). There is no contact phone number available on their official website, so customers must rely on email or online support for assistance.
Educational Resources and Other Services
ZenithMarketExchange Global does not provide dedicated investor education resources or learning sections, making it less suitable for traders seeking in-depth learning. Additionally, there is no Introducing Broker (IB) policy, meaning there is no formal partner network to promote their services.
Website Traffic and Brand Exposure
According to data from reputed website Semrush, the platform's website averages less than 100 visits per month, suggesting minimal user engagement. Additionally, there is almost no brand exposure or related news available online regarding ZenithMarketExchange Global, indicating very low market visibility.
Conclusion
ZenithMarketExchange Global is a relatively new trading platform that, while offering a diverse range of trading options and flexible account types, carries certain risks in terms of regulation, security, and brand visibility. Investors should exercise caution when choosing this platform, especially given the lack of transparency and regulatory support. If you have any concerns, it is advised to first test the platform's functionalities and services through a demo account or consider seeking a market-established platform.
