Z.com Bullion Review 2024
Website: www.bullion.z.com
Min. Deposit: US$ 0
Leverage: 1:100 | 1:200
Trading Platforms: MT4
Regulation: FCA, SFC, JFSA, FFAJ
Headquarters: UK, Japan
Founded: 2006
Regulatory Licenses:
- GMO-Z.com Trade UK Limited - authorized by FCA (UK) registration no. 622897
- GMO CLICK Securities, Inc. - authorized by JFSA (Japan) Kanto Financial Bureau (Kin-sho) no.77
- GMO-Z.com Forex HK Limited - authorized by SFC (Hong Kong)
- FX PRIME by GMO Corporation - authorized by JFSA (Japan) and FFAJ (Japan)
- GMO-Z.com Trade UK Limited - authorized by FCA (UK) registration no. 622897
Updated on January 24, 2024
Quick Links
Z.com Bullion specializes in offering online trading services for gold bullion and silver with high leverage, thereby enabling traders across Asia to diversify their investment portfolios. It boasts of robust support teams based in Hong Kong and Malaysia, ensuring that traders receive assistance tailored to the regional nuances of the Asian market.
Pros
Z.com Bullion is considered a lowrisk broker for trading gold bullion and silver due to its adherence to stringent regulations.
The broker provides advanced trading software and technology.
Offers improved pricing stability through both fixed and floating spreads on the MT4 trading platform.
Cons
Lack of 24/7 customer support.
Limited trading instruments available within this subsidiary of GMO Financial Holdings.
Z.com Bullion Review Summary in 12 Points ▲
Headquartered in the UK and Japan, Z.com Bullion operates under the regulation of several top-tier authorities including the FCA, SFC, JFSA, and FFAJ. The broker provides access to gold bullion and silver trading via the MT4 platform. It boasts competitive spreads, with GOLD_STD/Silver_Min Spread at 0.4 pips/0.028 pips respectively. A demo account is available for those looking to practice trading strategies without financial risk. There is no minimum deposit requirement, offering flexibility for traders of all levels. Several base currencies are supported, allowing for a more personalized trading experience. Additionally, Z.com Bullion offers a range of educational materials, research, and analytical resources to support traders in making informed decisions. Customer support is available 24/5 to assist with any queries.
Overall Z.com Bullion Ranking ▲
Z.com Bullion is recognized as a reputable broker that provides safe and favorable trading conditions with a high degree of transparency. It delivers comprehensive and top-quality trading services suitable for traders at every experience level, from novices to seasoned professionals, on a global scale. The Overall Ranking of Z.com Bullion stands at 8.9 out of 5, based on our meticulous testing process and comparison against over 1000 brokers.
Is Z.com Bullion Safe or a Scam? ▲
Z.com Bullion is unequivocally not a scam. It is a trustworthy broker, bolstered by top-tier FCA regulation and the implementation of robust safety measures, facilitating low-risk trading activities.
Is Z.com Bullion Legit?
Indeed, Z.com Bullion is a legitimate and regulated broker across various jurisdictions. Its parent company, GMO-Z.com Trade UK Limited, is authorized and regulated by the Financial Conduct Authority, ensuring the broker adheres to strict regulatory requirements and practices transparency. Moreover, other entities of the broker located in Japan and Hong Kong are also authorized by their respective local authorities. Our ranked Z.com Bullion Trust Score is 4.5 out of 5, attributable to its reputable service and reliable top-tier license over the years. However, it's noteworthy that regulatory standards and protections offered may vary depending on the entity.
How Are You Protected?
Z.com Bullion ensures that clients' funds are kept in segregated bank accounts in strict accordance with Client Assets rules, separate from the company’s own funds. Based on our comprehensive research, Z.com Bullion participates in the Financial Services Compensation Scheme (FSCS), which offers protection for eligible claimants up to £50,000. While regulatory requirements may slightly differ among entities, all are stringently regulated.
Leverage is a crucial feature in forex trading, allowing traders to amplify their trading position beyond their actual investment. It's a double-edged sword, providing the potential for higher profits but also increased risks. Therefore, choosing a forex broker with flexible leverage options that suit your trading style and risk tolerance is essential.
The traders have the option to select from three distinct account types to best fit their trading needs and preferences. The choices extend to either the MT4 platform or a level designed for professional traders. These accounts support multiple currencies, including USD, EUR, and GBP, and operate through STP NDD execution. Furthermore, beginners have the opportunity to start with a risk-free demo account offered by Z.com Bullion, allowing them to practice trading without financial risk.
Opening a live trading account with Z.com Bullion is straightforward. Interested individuals should navigate to the account opening or sign-in page and follow the steps provided:
Select and click on the "Open Account" page
Fill in the necessary personal details (Name, email, phone number, etc.)
Submit the required documents for verification (proof of residence, ID, etc.)
Complete an electronic quiz to confirm trading experience
After the account is verified and activated, the next step is to deposit funds.
Z.com Bullion specializes in providing online trading services for gold bullion and silver. The Z.com Bullion Markets Range Score is rated 4.3 out of 5 for its selection of trading instruments within the precious metals domain. The technological prowess of its parent company, renowned for offering advanced internet solutions, plays a significant role in Z.com Bullion’s achievements. Its high-grade technological infrastructure ensures a Straight to Process ECN environment for professionals, facilitated by systems hosted in Equinix LD4 London. This setup provides access to deep liquidity and extremely competitive pricing.
Z.com Bullion presents traders with the option to choose between fixed and floating spreads for trading costs. The broker does not charge account opening fees, nor are there any external handling fees associated with trading activities. Traders incur costs solely from the bid-ask spread and overnight position interest. It's important to note, however, that gold trading accounts inactive for six months or more will incur a monthly charge of $10. In comparison to over 1000 brokers, Z.com Bullion’s fees are considered low, with an overall rating of 4.5 out of 5.
Z.com Bullion caters to precious metal traders by offering both fixed and floating spreads. The broker's access to deep liquidity pools facilitates the provision of the tightest spreads across its product range. For gold trading, fixed spreads range from 0.1 to 20 lots, and for floating spreads, gold trading ranges from 0.01 to 1 lot, with silver trading from 0.05 to 1 lot. When assessed against a comprehensive comparison with over 1000 brokers, Z.com Bullion's spreads are considered low to average, achieving a score of 4.5 out of 5.
The client portal area of Z.com Bullion presents a wide array of payment methods, encompassing both local and international options for depositing and withdrawing funds securely from trading accounts. Predominant payment methods include Debit and Credit card payments, along with Bank transfers. In evaluating Z.com Bullion's funding methods, we awarded a score of 4.3 out of 5. The broker's minimum deposit stands at an average level within the industry, with minimal to no fees, and benefits from various account-based currencies. However, available deposit options may differ based on the entity's regulatory jurisdiction.
Pros
A diverse range of payment methods
Minimal to no deposit fees
Cons
Deposit options may vary by regulatory entity
Deposits Options
Z.com Bullion provides a selection of funding methods, a significant advantage, though the availability of these methods is subject to the broker's regulatory compliance. These include:
Credit/Debit cards
Bank wire
UnionPay, among others
Z.com Bullion Minimum Deposit
Z.com Bullion distinguishes itself by not enforcing a minimum deposit requirement, allowing traders to open accounts with any amount they deem suitable. Nonetheless, the minimum transaction amount for deposits is set at $50, contrasting with the industry's common minimum deposit requirement of $500.
Z.com Bullion Withdrawals
Withdrawals at Z.com Bullion incur a fee of USD 10 per transaction. Additionally, traders are responsible for any bank transaction fees, including potential intermediary bank charges, which will be deducted from the withdrawal amount. The minimum withdrawal amount is set at $100, except for instances where all remaining funds are withdrawn from an account.
How to Withdraw Money from Z.com Bullion Step by Step:
1. Log in to your account
2. Select 'Withdraw Funds' from the menu tab
3. Enter the withdrawal amount
4. Choose the withdrawal method
5. Complete the electronic request with necessary details
6. Confirm withdrawal information and submit
7. Monitor the current status of your withdrawal through your Dashboard
Z.com Bullion employs the industry-proven MetaTrader4 platform as its primary trading platform, facilitating trading across almost any device with convenience. The platform supports the use of Expert Advisors (EAs) that automate trading based on predefined rules. Compared to over 1000 other brokers, Z.com Bullion's platform is ranked highly, with a score of 4.5 out of 5, due to its provision of the popular MT4 professional trading platform.
In conclusion, Z.com Bullion emerges as an attractive option for traders due to its advanced technology, reliability, customer service, and competitive pricing. As part of a well-established internet solutions company listed on the Tokyo Exchange, Z.com Bullion assures traders of its credibility. The broker's use of NDD and STP practices ensures real-time execution of trades without intervention, mitigating conflicts between the trader and the company. Furthermore, the absence of a minimum deposit requirement facilitates easy entry for new traders. Z.com Bullion is particularly suitable for:
Beginners
Advanced traders
Professional trading
Precious metal trading
Investing
STP/NDD execution
Traders who prefer the MT4 platform
Low Spread Trading
Algorithmic and EA trading
Supportive customer service
Comprehensive research materials
