Can I Trade Forex Without Leverage?

Can I trade forex without leverage? Probably not. But ZFX is one of the best options if you are looking to trade without leverage. This is because the company provides a range of services for its customers, including an Introducing Broker program, which allows brokers to work under the ZFX brand. You can contact the ZFX customer support team via phone, email, social media, online support forms, and physical offices. Just remember that the ZFX services are not intended or directed at individuals living outside the UK. In addition, traders from certain countries may not be able to access the company s products or services due to legal restrictions.

Although trading without leverage is possible, it s unlikely you ll make a profit of more than 1% per month without using any leverage. It s not ideal for retail traders, but many larger financial institutions can trade without it. If you want to avoid using leverage, look for a broker that lets you change your leverage to 1:1. You ll have more control over your commissions if you trade without leverage, but you ll be limited to just one or two percent per month.

While ZFX does not charge a fixed brokerage commission, it does charge a spread on the currency pairs you trade. This spread varies by account type and currency pair, but it s generally low. For example, GBP/JPY spreads are low and WTI oil spreads are high. However, spreads vary depending on the current market situation, so you ll need to weigh them carefully when making trading decisions. ZFX offers three types of accounts - Mini Trading Account, Standard STP Trading Account, and ECN Trading Account - with all three having minimal spreads, but charged $7 per lot commission.

Author: My Forex Rebate
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