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zForex
zForex is an internationally licensed broker regulated by the Mwali International Services Authority (MISA) and registered in Saint Vincent and the Grenadines. Our operations are supported by advanced technology and security protocols to ensure the safety of your funds, with a mission to cultivate a community of informed investors who can make confident decisions in the global markets.
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zForex
Overall
I typically steer clear of trading competitions offered by brokers, but I decided to give the ZForex competition a try. What stood out for me was the fact that it was risk-free as I was trading on a demo account. Moreover, it didn't pit me against trading algorithms (EAs), which can sometimes create an uneven playing field. The competition's encouragement for participants to seek trades with a profit or loss exceeding three times the spread (at least 3 pips) adds a fair and competitive dimension, making it an engaging and strategic experience.
Overall
I consider myself a swing trader, and I've been trading with a decent capital. What stands out to me about this broker is their swap rates. When I conducted a market comparison, I found that their swap fees are lower than those of most other brokers. However, what I found interesting is that the positive swap rates don't seem to match or fully reflect the interest rate differentials.
Overall
Good broker
Overall
I trade ETH, XRP, and BTC with zforex. It's nice that the same swap points apply to all these crypto assets for overnight trades. It makes it easier for me to figure out costs and gains when I hold positions overnight.
However, I know that these crypto assets can behave differently in terms of how their prices change and how easy they are to trade. So, even though the swap points are the same for all of them at -20 points, it might not always match exactly what's happening in the market.
It's important for me to think about this when making my trading choices.
