Zero Markets Broker Review

Author Author:  Jeffrey Cammack Published: May 25, 2020
Editor Editor:  Chris Cammack Updated: May 9, 2023

Last Updated On May 9, 2023

Jeffrey Cammack
Broker Score
3.52 3.52 / 5
Rated #59 of 70 Recommended Brokers
🏦  Min. DepositAUD 100
🛡️  Regulated By
💵  Trading Cost 
USD 10
⚖️  Max. Leverage30:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
AlertAccepts clients from Australia. Average spread on the EUR/USD is 1.00 pips on trading account with the lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 and MT5 platforms supported. Zero Markets is regulated by ASIC, FSC, and SVG FSA.

Last Updated On May 9, 2023

Jeffrey Cammack

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Our verdict on Zero Markets

Founded in 2017, Zero Markets is a growing Australian CFD broker that offers a low-cost trading environment on a wide range of tradable assets on the MT4 and MT5 platforms. 

Zero Markets offers two live CFD accounts both with a minimum deposit requirement of only 100 AUD, making them accessible to most traders. Spreads start at 1.00 pips (EUR/USD) on its Standard account, which is average compared to other brokers, and no commissions are charged for Forex trading. Spreads tighten to 0 pips (EUR/USD) on its Super Zero Account in exchange for a commission of only 5 USD per lot traded. Zero Markets also stands out for the number of financial assets on offer, including over 800 share CFDs, 45 Forex pairs, commodities, indices, and a small range of cryptocurrencies.

Some drawbacks for traders considering Zero Markets are that its educational and market analysis materials are sorely lacking, and it offers no trading tools to assist with technical and fundamental analysis.

Overall, Zero Markets will appeal to traders who value a low-cost trading environment and a broad range of tradable assets.

🏦  Min. DepositAUD 100
🛡️  Regulated By
💵  Trading Cost 
USD 10
⚖️  Max. Leverage30:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Overall Summary

Trust Rating
111104/ 5
Trading Conditions
111104/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
100001/ 5
Education & Research
10.50001.5/ 5
Assets Available
111104/ 5
Customer Service
111104/ 5
Beginner Friendly
Standard
Welcome Bonus

Account Information

Base Currencies
AUD, USD, EUR, GPB, SGD
Number of FX Pairs
60
Crypto Pairs
11
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Account Name
Super Zero
Trading Desk
Commission
5 USD / lot
EUR/USD
1.20 pips
GBP/USD
1.85 pips
USD/JPY
1.20 pips
Negative Balance Protection

Company Details

Company Name
ZERO FINANCIAL PTY LTD
Founded
2017
Website Language
English
Support Language
English
Office Locations
Australia, Saint Vincent & the Grenadines, Mauritius

Pros

  • Regulated by reputable authorities
  • including ASIC
  • Offers various withdrawal methods
  • Competitive spreads especially on the Super Zero Account
  • Low trading costs
  • A broad range of over 800 share CFDs
  • 45 Forex pairs
  • and other assets

Cons

  • Increased risk with leverage up to 500:1
  • High non-trading fees
  • A noticeable gap in educational and analytical resources for traders
  • No Negative Balance Protection

Is Zero Markets Safe?

Yes, according to our findings, Zero Markets is a safe broker for traders to trade with. Australian traders will be trading under top-tier authority, ASIC, which segregates client funds and offers traders negative balance protection. 

Founded in 2017, Zero Markets is regulated by the Australian Securities and Investments Commission (ASIC), the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA), and the Financial Services Commission of Mauritius (FSC). Australian traders will be trading under Zero Markets’ Australian-based entity, regulated by ASIC, considered one of the world’s best regulators. It also ensures that Zero Markets segregates its client funds from company funds in top-tier Australian banks and that it provides Australians with negative balance protection. Click here for more details on ZeroMarkets’ regulatory oversight. 

Zero Markets ASIC Regulation

Trading Fees

ZeroMarkets’ trading fees are lower than average on its Super Zero Account and average on its Standard Account.

Our review found that, unlike other brokers that offer a range of account types with lower spreads linked to higher minimum deposits, Zero Markets only offers two accounts. Both account types are available on both MT4 and MT5. For more on Zero Markets’ trading platforms, click here.

The main difference between the two accounts is that the Standard Account has the trading costs included in the spread, while the Raw Account offers tighter spreads and a small commission per trade. We also found that spreads are variable at Zero Markets, which means that they widen or tighten depending on trading volume and market volatility. For more on Zero Markets’ account types, click here.

In order to assess ZeroMarkets’ accounts and compare its costs to those of other brokers, we opened and tested both accounts. We evaluated the costs based on the trading fees on one lot (100 000 USD) on the EUR/USD, including the spread and commission:

Spread x Trade Size + Commission = Total Trading Cost (USD):

Scroll for more detailsPreviousNext
Trading account
Min. Deposit
Min. Spread EUR/USD
Commission
Trading Cost (USD)
Standard
AUD 100
1.20
Spread Only
12
Super Zero
AUD 100
0.20
5 USD/lot
7

We found that the trading costs on the Standard Account are built into the spread and are higher than the costs on the Super Zero Account, which has a round turn commission of 5 USD. Additionally, both accounts have a minimum deposit requirement of only 100 AUD. On this basis, we recommend opening a Super Zero Spread account because it is priced so competitively. 

Swap Fees

The other main trading cost we took into consideration was the overnight swap fee. It is determined by the overnight interest rate differential between the two currencies involved in the pair and whether the position is a buy ‘long’ or sell ‘short’.

Swap is calculated as: (pip value for 1 lot x No of lots x swap rate x number of nights)/ 10. 

Please note the answer will be in the quote (second) currency of the pair you are trading.

For the most up-to-date Forex swap rates, please refer to the Market Watch panel in the MetaTrader 4 (MT4) platform.  Simply follow the steps outlined below:

  1. Locate the product in the ‘Market Watch’ window. Right-click, and select ‘Symbols’.
  2. Select the product to view from the list. Select ‘Specifications’.
  3. Here you can view the Forex swap rates for both long and short positions.

ZeroMarkets Swaps Highlighted (2)

As you can see, the swap fees are highlighted in the box above, including the long and short swap.

Overall, although Zero Markets only offers two trading accounts, the trading costs on its Standard Account are around the industry average but are lower than average on its Super Zero Account.  In addition, we were pleased to note that both accounts have a low minimum deposit requirement of 100 AUD, making them a good choice for both beginner and experienced traders. 

Zero Markets’ Non-trading Fees

Zero Markets’ non-trading fees are higher than other similar brokers.  

Some of the most overlooked trading costs are the non-trading fees that are charged by brokers. These fees can significantly affect your profitability and so should be carefully scrutinised.

Our review noted that although Zero Markets does not charge fees for deposits and on inactive accounts, Zero Markets charges withdrawal fees on most payment methods. For example, when we tested withdrawals via Skrill, a fee of 1% plus currency conversion fees were charged. Additionally, accounts that remain inactive for longer than three months will be archived.

Overall these fees are higher than other similar brokers.

Opening an Account at Zero Markets

According to our findings, the account opening process at Zero Markets is fully digital, fast, and hassle-free compared to other brokers. 

We tested the account opening process, which took approximately 15 minutes to complete, and once our documentation had been submitted, our accounts were ready for trading within 24 hours. 

As an Australian trader, you are eligible to open an account at Zero Markets as long as you meet the minimum deposit requirement of 100 AUD.  

Creating an account is straightforward, the process is fully digital, and accounts are usually ready within 24 hours, which is faster than other brokers.  Zero Markets offers joint and individual accounts, but we will focus on opening an individual account:

How to open a live account at Zero Markets:

  1. In order to start the account-opening process, we clicked on the “Open Account” button at the top of the page. We were then directed to register an account with our name, email address, country of residence, preferred language, and telephone number.

    Zero Markets Register an Account  

  2. The second step required us to fill in our personal details (including name, country of residence, residential address, gender, email address, mobile number, ID number, employment status, and occupation).

  3. Next, we were asked to complete a short form to help Zero Markets assess the state of our finances and trading knowledge. While most brokers don’t include this step in the account-opening process, it is a responsible move in an industry that is often accused of an irresponsible approach to consumer protection.

  4. We then acknowledged that we had read and understood Zero Markets’ various policy documents.

  5. The next step required selecting our preferred account type (Standard or Super Zero), trading platform (MT4 or MT5), and chosen base currency (click here for more on Zero Markets’ base currencies).

    Zero Markets Base Currencies

  6. Lastly, Zero Markets needed at least two documents to accept us as an individual client:

  • Proof of Identification – current (not expired) coloured scanned copy (in PDF or JPG format) of your passport. If no valid passport is available, a similar identification document bearing your photo such as an ID card or driving licence will work.

  • Proof of Address – a Bank Statement or Utility Bill. Please ensure, however, that the documents provided are not older than 6 months and that your name and physical address are clearly displayed.

Our application was approved within 24 hours.

Compared to other similar brokers, Zero Markets’ account opening process is fast, generally hassle-free, and fully digital, and accounts are ready for trading in one day.  

Trading Accounts

Zero Markets offers two account types, which is average when compared to other ECN/STP brokers, and both account types are suitable for beginners and more experienced traders.

Zero Markets offers two simple account options, the Standard Account, which is commission-free, and the Super Zero Account, which has tighter spreads but carries a commission charge. Both accounts are suitable for beginners and more experienced traders.

We define beginner traders as inexperienced traders who have never traded before or have been trading for less than a year. Beginners often do not want to risk trading large sums of money, and will generally not be able to trade full-time during the workweek. Zero Markets’ accounts have a reasonable minimum deposit requirement of 100 AUD (1100 ZAR), making them accessible to beginner traders.

In general, experienced traders tend to prefer accounts with higher minimum deposits and tighter spreads. Zero Markets’ Raw Account offers tight spreads of 0.1 pips on the EUR/USD in exchange for a reasonable commission per lot traded, which should satisfy most experienced traders.  

We were pleased to note that Zero Markets offers market execution accounts, with pricing sourced from 6 leading financial institutions, including Goldman Sachs, Barclays, and Citibank, among others. This means that there is no dealing desk intervention on the accounts and that traders will receive the best pricing possible.

Zero Markets Liquidity Providers

Additionally, because Zero Markets servers are located in the NY4 Equinix Data Centre in New York, it provides its clients with the fastest possible execution. 

Zero Markets offers trading on a good range of assets, including Forex, shares, metals, commodities, cryptocurrencies, and indices (click here for more on Zero Markets’ financial instruments). We were offered leverage of up to 30:1 on currency pairs, restricted because of the ASIC regulation. 

We were pleased to note that both accounts have access to Expert Advisors (EAs) and VPS hosting and that Zero Markets allows all trading strategies, including hedging, scalping, and copy trading.

Account Types

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Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Standard
AUD 100
30:1
1.20
Spread Only
Account Details
Super Zero
AUD 100
30:1
0.20
5 USD/lot
Account Details

We opened both a Standard and a Super Zero Account, see below for more details:

Standard Account

The Standard Account is the best option if you are looking for commission-free trading. Spreads are wider than on the Super Zero Account, usually starting at 1.00 pip, although they can come down to 0 pips with high trade volumes, however, we noted that spreads were usually around 1.2 – 1.3 pips (EUR/USD).

The minimum deposit is 100 AUD, and 45+ Forex pairs, metals, commodities, and indices are available for trading. As is customary, you will see that equities are only available on the MT5 trading platform.

Zero Markets Standard Account

Super Zero Account

This account has tighter spreads – 0.1 pips on the EUR/USD- although we found spreads were usually around 0,2 – 0.4 pips (see the screenshot below). In addition, a commission of 5 USD round turn per standard lot is charged for Forex trading, one of the lowest commissions in the industry. 

The minimum deposit is also set at is 100 AUD, so the only real difference between this account and the Standard Account is whether the broker’s fee is charged on the commission or in the spread, although the costs on the Super Zero Account are substantially lower.  Super Zero accounts are generally more suited to scalpers and day traders.

Zero Markets Spreads Platform

Pro Account

Zero Markets also offers a Pro Account, which affords traders from Australia higher leverage – of up to 500:1 on forex pairs. Traders will have to fulfill certain eligibility criteria in order to be accepted as a Pro trader.

Islamic Swap-free Accounts

Also known as swap-free accounts, Islamic accounts are ideally suited to Muslim clients, and in line with Islamic law, they incur no swaps or interest charges on overnight positions. Instead, the account holder is charged an administration fee that is deducted from the account’s balance. Islamic Accounts are available on both the Standard and Super Zero Account options:

Zero Markets Islamic Accs

How to open an Islamic swap-free account at Zero Markets:

  1. Open a MetaTrader 4 or MetaTrader 5 account.

  2. Send a request to customer service to convert your account to an Islamic swap-free option.

  3. Include an official document showing confirmation of your faith (e.g., a Proof of Faith document from your local mosque) if the evidence is not already included in your ID document.

An admin fee of 5 USD per lot on major currency pairs is charged per night.  However, fees are not charged for the first ten nights of trading, and will only be applicable from the eleventh night.

Demo Account

We opened a demo account at Zero Markets and found that it comes loaded with 100,000 in virtual funds.  Demo accounts simulate the conditions one would find on a live account, and you can choose between both the Standard and the Super Zero Accounts on MT4 and MT5.  We highly recommend opening a demo account, as they are a great way to practice trading before risking real money.  We liked the fact that Zero Markets’ demo accounts are unlimited and won’t expire unless they remain inactive for over 30 days. 

Overall, Zero Markets offers a limited number of accounts compared to most other brokers, but its trading costs are reasonable and accounts are suited to both beginners and more experienced traders.

Deposits and Withdrawals

Zero Markets charges low deposit fees, but withdrawal fees are higher than most other brokers.  

In line with Anti-Money Laundering policies, Zero Markets does not accept payments from third parties and only accepts funds received directly from the named trading account holder. All funds deposited into your trading account must be under the same name as your Zero Markets trading account. Zero Markets does not accept deposits from joint bank accounts or cards; however, clients can deposit from individual bank accounts to a joint trading account.

We found that while Zero Markets does not charge fees for deposits, its withdrawal fees on some payment methods are high.  On a positive note, we like the fact that funds can be deposited using a wide range of the most popular payment methods, including credit card and debit cards, payment wallets including Neteller and Skrill, online banking, broker to broker, and bank wire transfers.  

Once your account has been verified by customer service, you can deposit and withdraw funds through the client portal:

Zero Markets Client Portal Deposits

We tested deposits via credit card and found that our payments were processed instantly and that our withdrawal was processed within one day. See below for more details:

Scroll for more detailsPreviousNext
Funding Method
Base Currency
Deposit Fees
Withdrawal Fees
Processing Time
Bank Transfer
AUD, USD, EUR, GBP, SGD
Zero will cover international fees up to 50 USD for deposits greater than 10,000 USD
10 AUD for international wires. There are no fees for domestic (AUD) wires.
Local Bank Transfer within 24 hours, International Bank Transfers up to 5 days.
Bitcoin
BTC, ETH, LTC, XRP, BAT, BNT, CVC, ENJ, FUN, LINK, MITH, MTL, OMG, REP, XLM, BCH, USDT
Blockchain fees applicable
Blockchain fees applicable
Deposits are instant, withdrawals are processed within 24 hours.
Broker to Broker
AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
International: Zero will cover your international fees up to 50 USD for deposits over 10,000 USD
No withdrawals
Deposits are instant, withdrawals N/A.
Maestro
AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
No fees
No fees
Deposits are instant, withdrawals are processed within 24 hours.
Mastercard
AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
No fees
No fees
Deposits are instant, withdrawals are processed within 24 hours.
Neteller
AUD, CAD, CHF, EUR, GBP, JPY, NZD, PLN, SGD, USD
No fees
2% max. 30 USD per 45,000 USD transaction
Deposits are instant, withdrawals are processed within 24 hours.
Skrill
USD
No fees
1% + country fees (if applicable)
Deposits are instant, withdrawals are processed within 24 hours.
Visa
AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
No fees
No fees
Deposits are instant, withdrawals are processed within 24 hours.

How do you withdraw money from Zero Markets? Just follow these steps:

  • Log in to the Client Portal.
  • Select ‘Withdraw Funds’.
  • Choose the withdrawal method.
  • Add your bank account details, including IBAN and Swift code (if you haven’t done it before).
  • Enter the amount you wish to withdraw.
  • Initiate the withdrawal.
  • The first time you make a withdrawal, you must complete a downloadable form and return it with a photographic ID. 

Overall, Zero Markets offers a wide range of funding methods, and while it does not charge any fees for deposits, its withdrawal fees are high for some methods.  

Base Currencies

Zero Markets offers a limited range of base currencies compared to what is available at other brokers, but it offers accounts denominated in AUD.  

When we opened our account, we noticed that the Zero Markets client portal allows traders to deposit funds in four base currencies, including AUD, USD, EUR, GBP.

Because we were depositing funds from an Australian bank account based in AUD into an AUD-based account, we were not charged a currency conversion fee on either our deposit or our withdrawal. 

However, we still recommend that high-volume traders (who trade more than 10 lots a month) consider opening an account denominated in USD. This is because a conversion fee will be charged for every trade made on a USD-quoted currency pair (EUR/USD etc.).  This can be done by opening a multi-currency bank account at a digital bank.  

Overall, Zero Markets offers a limited number of trading account currencies compared to other brokers but offers accounts denominated in AUD.

Zero Markets’ Trading Platforms

Zero Markets offers two trading platforms, which is average compared to other similar brokers.

Our review noted that Zero Markets offers both MT4, the most popular trading platform in the world, and MT5,  the latest development by Metaquotes. As well as the desktop applications, Zero Markets also offers MT4 and MT5 WebTrader, which are the browser-based (online) versions of the platforms, along with mobile and tablet versions of both iterations.

While MT4 and MT5 are both excellent trading platforms, many other CFD brokers also offer their own web-based platforms, which tend to be easier to use for beginner traders. On the other hand, the benefit of Zero Markets offering third-party platforms such as MT4 and MT5 is that traders can take their own customised version of the platform with them should they choose to migrate to another broker.  Additionally, there are thousands of plugins and tools available for the MetaTrader platforms. 

We rigorously tested the MT4 trading platform. See below for more details:

MetaTrader 4

We found that like many other brokers, Zero Markets’ MT4 platform is the standard out-of-the box version that does not have any extra bells or whistles. However, it does feature 50+ indicators, which is more than other similar brokers. We still recommend that more serious traders purchase third-party plugins for MT4 to unlock its full potential. 

As you can see below, while MT4 has good customisability (you can easily move and change the size of the tabs) the platform looks outdated, and some of the features may be hard to find:

Zero Markets MT4 Outdated

Additionally, it does not have great search functionality – you cannot manually type in the name of an asset:

Zero Markets Search

In addition, only the basic orders are available, including Market, Limit, Stop, and Trailing Stop. 

Traders should also be aware that alerts and notifications can only be set on the desktop version of the platform and not on the webtrader.  Lastly, MT4 is available on Windows 7 or higher and it is not available on Mac:

Zero Markets MT4 and MT5 for download

MetaTrader 5

MT5, the newer version of its predecessor, MT4, is also available at Zero Markets. We recommend using MT5 if you are looking for a more powerful and faster trading platform when it comes to back-testing functionality for automated trading algorithms.  Additionally, we enjoy MT5 for its depth of market display, additional technical indicators, and analytical tools. 

Scroll for more detailsPreviousNext
Broker
Platform Choice
Copy Trading
Platforms
Zero Markets
11110.54.5/ 5
Admiral Markets
11110.54.5/ 5
MT Supreme
IC Markets
111115/ 5
TradingView

Mobile Trading

Zero Markets mobile trading platforms are average when compared to other brokers. Zero Markets offers mobile versions of MT4 and MT5, available on both Android and iOS.

We downloaded both the MT4 and MT5 mobile trading apps for Android and iOS. We found that there was some loss in functionality when compared to the desktop trading platforms, including reduced time frames and fewer charting options, but we were able to close and modify existing orders, calculate profit and loss, and trade on the charts.  

However, unlike the desktop version of the platform, the design is clean and it is easy to use. Additionally, the search functionality is far superior – you can search for products easily by typing the name of the product or by navigating the category folders.

Research and Trading Tools

Zero Markets’ range of trading tools and research are limited compared to other brokers

We were disappointed at the lack of research materials and analysis tools available at Zero Markets. Zero Markets offers research in the form of a daily blog, and a markets daily review, which contains a brief summary of the market movements of the day, however, these have not been updated in many months:

Zero Markets Market Analysis

Additionally, it is clear that Zero Markets has not invested in any analysis tools to help traders make trading decisions. Zero Markets trading tools are limited to an Economic Calendar, a VPS service, a copy trading service, and PAMM/MAM Investor.   See below for more details on the various tools:

  • Economic Calendar: Zero Markets offers an economic calendar highlighting various events that will impact market movements. An economic calendar is also available through MT4. However, we found that there is no filter function and that it is difficult to search for specific currencies.

  • VPS: Zero Markets’ VPS service ensures that trades are never affected by power cuts (such as load-shedding) and provides a secure low latency connection that is always stable.  VPS servers are located in major financial cities around the world and connect seamlessly with the MT4 platform.  To qualify for the free VPS users will need to trade more than 20 lots on the Standard Account or 40 lots on the Super Zero Account. The minimum account balance must also be $2,000. We thought this offering was expensive compared to other similar brokers.

  • PAMM/MAM Investor Accounts: Zero Markets offers an account management service to its clients which allows account managers to trade on their behalf.  In order to perform this service, bespoke technology or software is required, also known as MAM/PAMM.

    MAM stands for Multi-Account Manager which permits a range of customisable ways to sub-allocate trades.  PAMM stands for Percentage Allocation Module Manager which means investors can be part of a set of sub-accounts that are traded together by a money manager or trader who has permission from clients to trade on their accounts.  Account Managers take a portion of the profits generated by the trades. 

Managed accounts are great for beginner traders who have limited experience with trading.  

Zero Markets PAMM Acount

  • Copy trading: We really liked the Zero Markets copy trading platform. It is available on both the MT4 and MT5 trading platforms. Followers can find and follow the most successful traders, based on their rankings. It includes their full trading history and past performance. The Zero Markets Social trading platform offers multiple copy trading modes and there is no limit on the number of Providers you can copy. Copy trading is useful for traders who are interested in the financial markets but lack experience and knowledge.

Overall, Zero Markets offers a disappointing research section that seems like it has not been updated in many months. Additionally, it offers no analytical tools, and while it offers a VPS service, this comes at an extra cost to the trader. Traders will have to supplement this data by performing their own research using the materials provided on other larger broker sites or using independent third-party tools.  

However, we can recommend that beginner traders make use of the copy trading services, especially if they lack trading knowledge or experience.

Scroll for more detailsPreviousNext
Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS
Zero Markets
Admiral Markets
IC Markets

 

Zero Markets Education

Like the research section, education at Zero Markets is limited in scope compared to other brokers. 

Our review noted that Zero Markets only offers a selection of written materials divided into fundamental and technical analysis and a forex glossary.  We found that while these materials were well-written, they are neither in-depth nor comprehensive. They are also unstructured, making it difficult to find what you are looking for.  On a positive note, Zero Markets offers an unlimited demo account that is available for all account types on both the MT4 and MT5 trading platforms.  See below for more details:

  • Fundamental Analysis: These materials are presented in a daily blog. The materials are brief, unstructured, and lack depth, and they have not been updated in some time:

Zero Markets Education

  • Technical Analysis: Like the fundamental analysis, the technical analysis is presented in a daily blog. The materials are brief and unstructured, and they have also not been updated in months.

  • Forex Glossary: Zero Markets offers a basic trading glossary covering all trading terms.

  • Demo Account: Unlike many other brokers, Zero Markets’ demo account is unlimited, which means it will never expire. The demo account is available for all account types on the MT4 and MT5 platforms and we recommend it as a great way for traders to practice trading without risking real money.

Overall, we feel that the education section could be improved with a greater variety of materials in addition to providing sections for beginner and more experienced traders.  Beginner traders would also benefit greatly from being able to attend webinars on CFD trading basics and risk management. 

Scroll for more detailsPreviousNext
Broker
Beginner Course
Advanced Course
Well Structured Education
Education Quality
Webinars
Zero Markets
Low
Admiral Markets
High
IC Markets
High

Financial Instruments

Zero Markets offers an average range of tradable assets compared to other large international brokers, but its share CFD offering is decent.

In our review of Zero Markets, we found that it offers a reasonable range of Forex pairs and cryptocurrencies, a large range of share CFDs, but a small range of commodities and metals. 

We also detailed the leverage for each asset class. See below for more details: 

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Financial Instrument
Number of Assets
Leverage
Bonds
2
1:2
Commodities
9
20:1
Cryptocurrencies
11
2:1
Stock CFDs
813
5:1
ETFs
46
1:5
Forex
60
30:1
Indices
14
20:1
Metals
6
20:1
  • Forex: Zero Markets has 45 currency pairs available for trading which is an average range compared to what is offered at other CFD brokers, including majors (EUR/USD, GBP/USD, and USD/JPY) and minors (NZD/CAD, EUR/JPY, and USD/ZAR), and exotics.

  • Share CFDs: Zero Markets offers 813 share CFDs, which is a wider range than most other brokerages, but this is only on the MT5 platform. The selection available includes some of the major US, UK, and European Exchanges.

  • Indices: Limited compared to other brokerages, there are only 14 indices available for trading at Zero Markets. The most popular indices are those that combine the shares of some of the largest and globally acknowledged companies. 

  • Commodities: Zero Markets offers trading on 9 commodities, which is average compared to other brokers.  Commodities include energies such as natural gas and oil and softs such as cotton and wheat. 

  • Metals: Zero Markets offers trading on five metals, which is average compared to other similar brokers. These include gold and silver crossed with the Dollar, Australian Dollar, and Euro.

  • Cryptocurrencies: Zero Markets offers 11 cryptocurrencies for trading, including Bitcoin, Ethereum, Litecoin, and Ripple, an average range compared to other brokers.

Overall, Zero Markets offers a well-rounded range of financial instruments, including all the most popular asset classes.

Customer Service

Zero Markets customer support is average compared to other similar brokers.

ZeroMarkets offers multilingual (English, Korean, Vietnamese, Thai, Malaysian, Indonesian, Chinese, Arabic, and Portuguese) 24/5 customer support via email, phone and live chat. There is also a FAQ section that covers Account Opening, Company Information, Funding and Withdrawals, Trading, and Partners.

For the purposes of the review, we tested the live chat service and email. Our email was answered within a couple of hours and the answer was relevant and to the point. We found the live chat agents were polite, but they seemed to revert to other agents if they could not answer our questions. However, they were highly responsive. After logging into the live chat we were connected to an agent who replied to our message within 1 minute, as shown below:

Zero Markets customer Service

Safety and Regulation

We consider Zero Markets is a safe broker for Australians to trade with. Australians will be trading with ASIC, a top regulator, which ensures that Zero Markets segregates client funds and provides all traders with negative balance protection.  

Founded in 2017 and headquartered in Australia, Zero Markets has continuously expanded in the CFD trading sector. Zero Markets is authorised and regulated by the Australian Securities and Investment Commission (ASIC), the Financial Services Commission of Mauritius (FSC), and is registered in St. Vincent and the Grenadines. See below for details on Zero Markets registered companies:

  • Zero Financial Pty Ltd (ZERO Markets, ABN 72 623 051 641), is an Authorised Representative (No. 001273819) of First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFSL 286354), regulated by ASIC.
  • Zero Financial Limited is regulated by the Financial Services Commission of Mauritius.
  • Zero Markets LLC is a registered company of St. Vincent and the Grenadines, Limited Liability Number 503 LLC 2020.

On signing up, we noted that Zero Markets clients in Australia will be trading with Zero Financial Pty Ltd, regulated and authorised by the Australian Securities and Investments Commission.

In early 2021, ASIC tightened its restrictions on CFD trading to better protect traders. As a result, Zero Markets clients in Australia will have a leverage limit of 30:1 for Forex trading and will be provided negative balance protection, meaning that traders can never lose more money than they have in their trading accounts. In addition, ASIC regulations ensure that Zero Markets keeps its operational funds segregated from client accounts, but also prevent Zero Markets from offering promotions or bonuses. 

While the additional protection offered by ASIC regulation is welcome, some Australian traders may find the low leverage levels and lack of bonuses restrictive. The only way around these restrictions is to trade with a broker which does not have ASIC regulation, which of course then means less protection.

Additionally, Zero Markets offers its clients account statements that are regularly audited by external audit firms. 

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Group Regulators
Trading Desk
Website
Year Founded
Office Locations
Inactivity Fee
ASIC
FSA-St-Vincent
FSC
ECN/STP
2017
Australia, Saint Vincent & the Grenadines, Mauritius
Withdrawal fees

Overall, because of its long history of responsible behaviour, ASIC regulation, and strict auditing processes, we consider Zero Markets a trustworthy broker.

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the Zero Markets offer. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Zero Markets Risk Statement

According to regulation, brokers are required to be transparent with Forex traders about the complexity of financial products and also disclose the extent to which traders can lose their money.  Zero Markets wants you to know: Contracts for Difference (CFDs) are derivatives and can be risky; losses can exceed your initial payment and you must be able to meet all margin calls as soon as they are made. When trading CFDs you do not own or have any rights to the CFDs underlying assets.

Overview

A well-regulated STP/ECN broker, Zero Markets offers two simple account options and a VPS service for traders who deposit over 2,000 USD. Support is offered for MT4 and MT5, and trading costs are around the industry average on its commission-free account and lower than average on its Super Zero Account.  Although Zero Markets allows all trading strategies, its education and market analysis materials are severely limited, but it offers an unlimited demo account available for both trading platforms.  

Editorial Team

 

Chris Cammack
Head of Content

Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.

 

Alison Heyerdahl
Senior Financial Writer

Alison joined the team as a writer in 2021. She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers, and she now has over eight years experience in research and content development. She has tested and reviewed 100+ brokers and has a great understanding of the Forex trading world.

 

Ida Hermansen
Financial Writer

Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.

 

Vanessa Marcos
Financial Writer

Vanessa joined the team in 2023. Born and raised in southern Portugal, she has a BA in Journalism and a Master’s in Literary Theory, both from Lisbon University. Since 2011, she has worked in social media, copywriting, content management, ghost-writing, and SEO. Vanessa loves to write, and although she is a generalist in digital marketing, she always draws on her creativity in her work. She is constantly researching new subjects and finds the analytical depth of Forex trading fascinating.

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AlertAccepts clients from Australia. Average spread on the EUR/USD is 1.00 pips on trading account with the lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 and MT5 platforms supported. Zero Markets is regulated by ASIC, FSC, and SVG FSA.
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Rated #59 of 70 Recommended Brokers
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