Zero Markets OverviewTrading PlatformsAssetsSpreads & CommissionLeverageMobile AppPayment MethodsDemo AccountDeals & PromotionsRegulation & LicensingAdditional FeaturesAccount TypesBenefitsDrawbacksTrading HoursCustomer SupportTrading SecurityZero Markets VerdictAccepted CountriesAlternatives to Zero MarketsFAQ
Zero Markets is an online broker offering 10,000+ tradeable products, including forex, CFDs, cryptocurrency and commodities. This review covers the MT4 trading app, how to login to the client portal, welcome bonuses and withdrawals. Find out whether Zero Markets is the right broker for you.
Zero Markets Overview
Zero Markets is an Australian broker regulated by the Australian Securities and Investments Commission (ASIC) since 2016. The global company is owned by ZERO Financial Pty Ltd and is an authorised representative of First Prudential Pty Markets Ltd.
Trading Platforms
Zero Markets offers the MT4 and MT5 trading platforms in addition to the IRESS platform and a web-based alternative.
MetaTrader 4
The MetaTrader 4 (MT4) platform, touted as the world’s most popular trading platform, offers fast execution, one-click trading, advanced charting and live pricing streams. Users can also fully customise the interface and access support in several languages.
The MT4 platform can be downloaded directly from the Zero Markets website and is a great option for forex trading. Alternatively, the web trader platform can be accessed from an internet browser.
Zero Markets trading platform
MetaTrader 5
Alternatively, clients can trade on the MetaTrader 5 (MT5) platform. This is a multi-asset platform that offers tools for comprehensive analysis, EA trading and copy trading. The MT5 platform offers 80+ indicators, graphical objects and multiple order types. The platform was built to facilitate the trade of CFDs, stocks and futures.
MT5 is also available through an internet browser, with no download required.
IRESS ViewPoint
Zero Markets offers access to the IRESS ViewPoint platform. This platform is designed to be compatible with a wide range of internet browsers. IRESS ViewPoint offers automatic data syncing, 50+ drawing tools, 59 technical indicators and access to exchange pricing and market depth analysis.
Assets
You can trade over 10,000 products at Zero Markets:
Forex – Trade 70+ major, minor and exotic currency pairs from around the world
CFDs – Trade 2,000 equity CFDs utilising high leverage rates to maximise returns
Indices – Trade on world-leading indices including the NASDAQ, JPN225 and the FTSE
Commodities – Enjoy deep liquidity while trading on energies and precious metals
Cryptocurrency – Trade top crypto pairs, including Bitcoin, Ripple and Ethereum
ETF trading is also available.
Spreads & Commission
Zero Markets promises tight spreads. On the EUR/GBP and GBP/USD pairs, spreads start from 0.1 and 0.2 pips respectively, and average around 1.67 and 1.85 pips. Spreads on the XAU/USD start from 0.16. Commission is payable at $3.5 per lot.
Unfortunately, the broker could be more transparent about additional fees. It’s unclear whether there are account inactivity charges and the extent of swap fees.
Leverage
Leverage is available from 1:1 up to a maximum of 1:500. Although high leverage can facilitate larger returns, it can also significantly increase risk.
Users can make a request to change leverage rates from the client portal in the MetaTrader platforms. To switch between a leveraged or non-leveraged account on the IRESS platform, email accounts@zeromarkets.com.
Mobile App
Zero Markets offers an option to trade on-the-go with their mobile app. MT4, MT5 and IRESS trading platforms are supported on the mobile platform. To download, search for MT4 or MT5 in the App Store or Google Play store. The app offers customisable trading layouts, access to charts, one-click trading and a user-friendly interface.
Zero Markets mobile trading
Payment Methods
Payment methods accepted by Zero Markets include credit/debit cards, bank wire transfer, Neteller, Paypal, Skrill, Paytrust, Poli and Bpay. The minimum deposit requirement is $200. Payments by credit/debit cards provide instant funding and there are no fees.
Withdrawals take 3-5 business days to be processed. Payment by bank wire will take one business day to be credited and international fees may apply. Paypal, Neteller and Skrill withdrawals must be made from the same account from which the funds were sent.
Demo Account
Traders can sign up for a free demo account with Zero Markets. Users can trial both the MT4 and MT5 platforms and choose between a raw, standard or leveraged account. Demo accounts are loaded with virtual funds, are suitable for novice and experienced traders alike, and offer a great opportunity to practice trading.
Deals & Promotions
Zero Markets routinely runs promotional offers. Clients can refer a friend for a chance to earn a cash bonus of $100. The broker also offers a VPS reimbursement bonus. For details, contact support@zeromarkets.com. It’s worth checking the broker’s website when you open an account for the latest no deposit welcome bonus offers.
Regulation & Licensing
Zero Markets is regulated by the Australian Securities and Investments Commission (ASIC) under license number 286354. ASIC is one of the most reputable regulatory bodies, along with the UK FCA and the CySEC. Regulatory oversight ensures clients have a complaints channel should the broker refuse to pay out profits, for example. An ASIC license is also a promising sign that the broker is trustworthy and not a scam.
Additional Features
Clients can access an economic calendar, plus a sentiment trader and market information from the MT4 trader toolbox, however, clients will have to deposit A$1,000 to receive this function. There is also a glossary and a list of e-book recommendations.
Zero Markets economic calendar
Unfortunately, some of the broker’s resources appear to be outdated, including the Market News tab. Overall, compared to the useful extras provided by other brokers, Zero Markets’ offering is basic.
Account Types
Zero Markets offers the Standard account and the Super Zero account.
The Standard account is suitable for novice and experienced traders. Standard accounts have a minimum deposit of A$200 and spreads begin at 1 pip. The maximum leverage available is 1:500 and clients enjoy commission-free trading.
The Super Zero account is suitable for more experienced traders. The minimum deposit required is A$1,000 and the commission payable is $3.5 per lot. Spreads begin at zero pips.
Both the MT4 and MT5 platforms are available with either account type. Traders can access the client portal via the login tab found to the top right of the homepage.
Zero Markets also offers Multi Account Manager (MAM) and a Percentage Allocation Management Module (PAMM).
Benefits
Benefits of trading with Zero Markets include:
MT4 & MT5 trading platforms
Good customer reviews
Leverage up to 1:500
Zero pip spreads
ASIC regulated
Drawbacks
Downsides of trading with Zero Markets include:
Limited additional resources
Lack of transparency around account fees
Trading Hours
Trading hours are specific to the instrument and market. Detailed information for each instrument can be found under the ‘trading hours’ tab on the Zero Markets website. Any changes to the standard trading hours are also communicated to clients.
Customer Support
Zero Markets offers customer support 24/5. Clients can get in contact via live chat or they can request a call back via the customer support tab on the website. Alternatively, support can be accessed by email at support@zeromarkets.com.
Unfortunately, wait times for the online chat channel can be several hours, which falls way below the industry average. Beginners, in particular, will be disappointed by the lack of reliable customer support available.
Trading Security
Client funds are held in segregated accounts opened with the Commonwealth Bank of Australia. All payments are handled in accordance with the Australian Client Money rules under the Corporations Act. The MetaTrader platforms are also secured with encryption and dual-factor authentication.
Zero Markets Verdict
Zero Markets offers a good range of tradeable assets, varied account options and both the MT4 and MT5 trading platforms. And with generous leverage and zero pip spreads, the broker is a strong contender. To improve its offering further, we’d like to see a more reliable customer support service and learning resources kept up to date.
Accepted Countries
Zero Markets only accepts traders from Australia, Austria, Denmark, Finland, France, Germany, Greece, Indonesia, Ireland, Italy, Korea, Malaysia, Netherlands, Norway, Philippines, Portugal, Spain, Switzerland, Thailand, Taiwan, United Kingdom, Viet Nam.
Alternatives to Zero Markets
If you are looking for alternatives to Zero Markets we have compiled a list of the top 5 brokers that are similar to Zero Markets below. This list of brokers like Zero Markets is in order of similarity and only includes companies that accept traders from your location.
FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms.
GO Markets – GO Markets is an ASIC-regulated FX & CFD broker.
RoboForex – RoboForex is a multi-asset online broker offering powerful trading aides.
ThinkMarkets – ThinkMarkets is a multi-regulated forex and CFD broker
FBS – FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.
FAQ
Is Zero Markets a trustworthy broker?
Zero Markets is licensed and regulated by the Australian Securities & Investments Commission (ASIC). The broker also receives positive customer reviews online.
What trading platforms does Zero Markets offer?
Zero Markets offers the popular MT4 and MT5 trading platforms, in addition to IRESS and a WebTrader interface.
Does Zero Markets offer a swap-free account?
No, Zero Markets does not offer a swap-free account. As a RAW broker, they do not have control over financing fees.
What is the maximum leverage available with Zero Markets?
Leverage is flexible and available from 1:1 up to 1:500. Leverage rates are negotiable with Zero Markets. Speak to the customer support team for details.
Can I manage multiple accounts with Zero Markets?
Yes, Zero Markets offer MAM and PAMM account options. For more information, head to the accounts tab on the Zero Markets website.