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Based on my research and personal evaluation of ZLK, I found no indication that ZLK offers ECN or raw spread accounts as commonly understood in the broader forex trading industry. From what I could gather, ZLK primarily provides brokerage services for equities and commodities, particularly on the Pakistan Stock Exchange. There is no access to forex, indices, or even stocks outside the Pakistan market, nor is there mention of ECN trading infrastructure or terminology used alongside established ECN brokers. The available platforms are proprietary web and mobile applications, not MetaTrader 4 or 5—which are usually integrated with ECN or raw spread accounts elsewhere. In terms of costs, ZLK does clearly apply commission fees, but these appear to vary depending on the traded instrument rather than a fixed per-lot structure typical of raw spread accounts in the forex world. For someone like me, who considers transparency and clear fee structures essential, I find the lack of detail about these commissions and the absence of any regulatory oversight quite concerning. I strongly recommend anyone considering ZLK to request explicit commission structures directly from their support, since information is not readily displayed and the firm is unregulated. In my view, this lack of clarity around fees, especially for traders seeking raw pricing models, warrants extra caution.