[LickieSticky]

I write here today to ask about a brokerage called Z.com Forex?? Do any day traders exist here that have traded with Z.com Forex and can tell me if thy are good an reliable?? They have a HKD$10K deal for new traders at the moment so I aim to move fast.

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[James Barra]

Hi LickieSticky,

We have not fully evaluated Z.com Forex, however I’ve done some digging into the broker following your message.

GMO-Z.com Forex HK Limited (Z.com Forex) is regulated by the Hong Kong Securities and Futures Commission, registration number AZE792. You can see from my research below, that they are authorized to provide ‘Leveraged Foreign Exchange Trading’.

The Hong Kong Securities and Futures Commission (SFC) is considered a ‘green tier’ regulator in DayTrading.com’s Regulation & Trust Rating.

Personally I’d be wary about choosing a broker because of a promotion. There are more important considerations when selecting a firm to trade with.

Using a demo account can be a good way to try a brokerage before depositing funds. It looks like Z.com Forex offer a 30 day demo account.

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[LickieSticky]

Thank you mr James for your effort.

How is it that you knew the name GMO-Z.com Forex HK Limited to look on our Hong Kong’s checker?

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[James Barra]

Hi LickieSticky,

I scrolled to the bottom of their website footer, as you can see below. This is where you’ll often find details of the broker’s regulatory credentials and company structure.

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