Zetradex

Overview

Zetradex, founded in 2023 and based in the United Kingdom, is a trading platform offering a diverse range of financial instruments including Forex, Stocks, Indices, Metals, Energy & Agro Futures, and Cryptocurrency. The company operates in an unregulated environment and provides multiple account types such as Standard, PRO, Ultra, and Demo, catering to various trading needs. Traders can access the platform through Webtrader or the Trading App, and benefit from competitive leverage of up to 1:3000 and flexible minimum deposit requirements. Zetradex offers fixed spreads for Standard accounts, while PRO accounts feature spreads from 0 pips and Ultra accounts offer close-to-zero spreads. With customer support available through multiple channels including WhatsApp, Line, Telegram, Zalo, Meta Messenger, Discord, and email, and diverse payment methods like Bank Wire Transfers, Credit/Debit Cards, and Wallets, Zetradex strives to provide a comprehensive trading experience for its clients. Additionally, the availability of a demo account allows traders to practice and familiarize themselves with the platform before engaging in live trading.

Regulation

Zetradex operates in an unregulated environment, meaning it is not subject to oversight by financial regulatory authorities. This lack of regulation can pose risks to investors, as there are no safeguards or guidelines in place to ensure transparency or protect against fraudulent activities. Investors should exercise caution and conduct thorough due diligence before engaging with Zetradex or any similarly unregulated entity.

Pros and Cons

In summary, while Zetradex offers diverse market instruments, flexible account types, high leverage, comprehensive customer support, and multiple deposit and withdrawal options, traders should be aware of the lack of regulation, potential high risk, and the need for clarity regarding commission structures.

Market Instruments

Zetradex provides a comprehensive selection of trading products across multiple markets:

1. Forex (Foreign Exchange): Traders can speculate on currency pairs, such as EUR/USD or GBP/JPY, taking advantage of fluctuations in exchange rates.

2. Stocks: Zetradex facilitates trading in equities, enabling investors to buy and sell shares of publicly traded companies listed on various stock exchanges.

3. Indices: Traders can access a range of market indices, such as the S&P 500 or the FTSE 100, allowing them to trade on the performance of broader market segments.

4. Metals: Zetradex offers trading opportunities in precious metals like gold, silver, platinum, and palladium, which are often sought after as safe-haven assets or for industrial purposes.

5. Energy & Agro Futures: Investors can participate in futures contracts for commodities such as crude oil, natural gas, wheat, corn, soybeans, and other agricultural products.

6. Cryptocurrency: Zetradex enables trading in digital assets such as Bitcoin, Ethereum, Litecoin, and other cryptocurrencies, allowing investors to capitalize on the rapidly evolving crypto markets.

By offering this diverse range of trading products, Zetradex caters to the varied investment preferences and strategies of its clients, while also providing opportunities for portfolio diversification and potential profit generation. Traders should conduct thorough research and risk assessment before engaging in any trading activity.

Account Types

Zetradex offers four distinct account types tailored to different trading needs and preferences:

1. Standard Account:

1. Compatible with various bonuses like Medal Bonus, Olympic Bonus, and Marathon Bonus.

2. Offers high leverage up to 1:3000, with fixed spreads and optional swaps.

3. Allows for a minimum deposit of $1, though a recommended deposit of $50 is suggested.

4. Ideal for both novice and experienced traders seeking profitability and versatility in their trading strategies.

2. PRO Account:

1. Offers leverage up to 1:3000, with spreads starting from 0 pips and optional swaps.

2. Provides access to unparalleled liquidity, specialized customer service, and low margin requirements.

3. Requires a minimum deposit of $1000, with a recommended deposit of $5000.

4. Geared towards traders with larger deposits and a preference for high-stake deals and substantial profits.

3. Ultra Account:

1. Provides high leverage up to 1:3000, with optional swaps and spreads starting from 1 pip per lot.

2. Features transparent commission fees, allowing traders to save up to 20% compared to standard spread accounts.

3. Requires a minimum deposit of $100, with a recommended deposit of $500.

4. Designed for active traders who execute 20 or more daily deals, offering close-to-zero spreads and reduced commission rates.

4. Demo Account:

1. Does not require a minimum deposit and is not compatible with bonuses or Forex Copy.

2. Offers a lot size of 100,000 USD, leverage up to 1:1000, fixed spreads, and compatibility with swaps.

3. Allows users to familiarize themselves with the trading terminal, test various strategies, and gain a better understanding of the Forex market without risking real money.

4. Suited for beginners looking to practice Forex trading in a risk-free environment.

Leverage

Zetradex offers a maximum trading leverage of up to 1:3000 across its various account types. This high leverage allows traders to control larger positions with a relatively smaller amount of capital, potentially amplifying both profits and losses. However, it's important for traders to understand the risks associated with high leverage and use it judiciously to manage their positions effectively.

Spreads and Commissions

Zetradex offers varying spreads and commissions depending on the trading account type selected:

1. Standard Account:

1. No explicit mention of commissions, suggesting that trading costs are likely included in the spread.

2. Features fixed spreads, ensuring consistency in trading costs.

2. PRO Account:

1. Commissions may apply, but specific details are not provided; however, given the competitive nature of spreads, commissions are likely transparent and based on trading volume.

2. Offers spreads starting from 0 pips, providing traders with potentially tighter pricing.

3. Ultra Account:

1. Offers reduced commission rates, allowing active traders to save up to 20% compared to standard spread accounts.

2. Boasts close-to-zero spreads on all trading instruments, minimizing trading costs.

In summary, while the Standard Account may include trading costs within its fixed spreads, the PRO and Ultra Accounts offer tighter spreads and transparent commission structures, catering to traders seeking lower trading costs and more advanced trading features.

Deposit & Withdrawal

Deposit Methods:

Bank Wire Transfers:

• Payment System: Bank Transfer

• Transfer Currencies: All currencies

• Commissions and Fees: No commission

• Processing Time: 2 - 4 business days

Credit/Debit Cards:

• Payment System: VISA, MasterCard, China UnionPay

• Transfer Currencies: All currencies, CNY

• Commissions and Fees: No commission

• Processing Time: Instant to 2 - 4 business days

Wallets:

• Payment System: Sticpay, Payeer, AstroPay, Crypto, Mobile Transfer (in Africa)

• Transfer Currencies: All currencies, BTC, LTC, DOGE, PPC, DASH, RDD, ZEC, BLK, USDT

• Commissions and Fees: No commission to 5.5%

• Processing Time: Instant to 2 - 4 business hours

Withdrawal Methods:

Bank Wire Transfers:

• Payment System: Bank Transfer

• Transfer Currencies: All currencies, ZAR, NGN, IDR, MYR, THB, VND, INR, BRL, MXN

• Commissions and Fees: 3% + $35 to 5%

• Processing Time: 1 - 4 business hours to 2 - 4 business days

Credit/Debit Cards:

• Payment System: VISA, MasterCard, China UnionPay

• Transfer Currencies: All currencies, CNY

• Commissions and Fees: 3% + $10 to 3%

• Processing Time: 1 - 4 working hours to 2 - 4 business days

Wallets:

• Payment System: Sticpay, Payeer, AstroPay, Crypto, Mobile Transfer (in Africa)

• Transfer Currencies: All currencies, BTC, LTC, DOGE, PPC, DASH, RDD, ZEC, BLK, USDT

• Commissions and Fees: 2 USD + 5% to 3% + 5%

• Processing Time: 1 - 4 working hours to 2 - 4 business days

This breakdown provides a clear overview of the available deposit and withdrawal methods, including transfer currencies, commissions, and processing times for each method offered by Zetradex.

Trading Platforms

Zetradex Webtrader:

• Description: An innovative trading platform suitable for all traders, offering fast and accurate brokerage services across FX, CFDs, Crypto, and Futures markets.

• Steps to Start: Follow Zetradex Webtrader page, login or create an account, and start trading!

• Key Features: Practice trading with a demo account, switch between accounts, access various trade orders, full trading history, 1-second order execution, wide range of trading tools, 39 graphic objects, real-time market prices.

Zetradex Trading App:

• Description: Ideal for traders on the move, this app provides fast and secure brokerage services across FX, CFDs, Crypto, and Futures markets.

• Steps to Start: Download Zetradex Trading App from Google PlayStore, login or create an account, and start trading!

• Key Features: Seamless trading across devices, access to 600+ trading instruments, full account management, practice trading with a demo account, switch between accounts, access various trade orders, full trading history, 1-second order execution, wide range of trading tools, 39 graphic objects, real-time market prices.

Customer Support

Zetradex provides comprehensive customer support to ensure an exceptional trading experience. Their dedicated team is available around the clock from 10am Europe time on Sundays to 10pm Europe time on Fridays. Customers can reach out via various channels including WhatsApp, Line, Telegram, Zalo, Meta Messenger, Discord, and email. Additionally, for partnership inquiries and opportunities, individuals can contact the Partnership Department via email to learn more about conditions and partner rewards.

Conclusion

Overall, Zetradex is a relatively young broker that operates under no regulation. While it provides various tradable instruments, allegedly competitive spreads, extra vigilance still should be taken when trading with this broker.

FAQs

Q1: Is Zetradex regulated？

A1: No, Zetradex operates in an unregulated environment, which may pose risks to investors due to lack of oversight.

Q2: What trading instruments does Zetradex offer？

A2: Zetradex provides a wide range of trading products including Forex, Stocks, Indices, Metals, Energy & Agro Futures, and Cryptocurrency.

Q3: What are the account types available on Zetradex？

A3: Zetradex offers Standard, PRO, Ultra, and Demo accounts tailored to different trading needs and preferences.

Q4: What is the maximum leverage offered by Zetradex？

A4: Zetradex offers a maximum trading leverage of up to 1:3000 across its various account types.

Q5: What are the deposit and withdrawal methods supported by Zetradex？

A5: Zetradex supports various deposit and withdrawal methods including Bank Wire Transfers, Credit/Debit Cards, and Wallets, each with different currencies, commissions, and processing times.

Risk Warning

Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.