ZFX regulation & licences
Licences on record 2
1 Tier 1 — top-tier regulation
4 Tier 4 — light / offshore
Licences are matched from public sources and regulator registers, and entities change over time. A licence held by one company in a group does not cover clients of another. Always confirm on the official register.
Regulatory profile
ZFX is a forex & CFD broker founded in 2017 and headquartered in Seychelles. It is part of Zeal Group.
In our database ZFX is matched to 2 licences from FCA and FSA (Seychelles). Most importantly, the FCA (United Kingdom) is among the regulators we classify as tier 1 — regulators that combine high capital requirements with meaningful retail protections.
Be aware that a single ZFX website can front several legal entities. Its FCA-regulated companies serve local residents, while international clients are frequently handled by entities supervised by FSA (Seychelles), which offer much weaker safeguards.
Depending on the entity, eligible clients may be covered by FSCS (FCA). Negative balance protection is mandatory for retail clients under FCA rules. Retail leverage caps apply at the FCA-regulated entities (for example 30:1 on major FX pairs at FCA).
ZFX offers MT4.
Regulatory strengths
- Licensed by 1 tier-1 regulator (FCA)
- Compensation scheme available at FCA entity
- Negative balance protection required at some entities
Points to check
- International clients may be onboarded to offshore entities (FSA (Seychelles))
Protection by entity
| Regulator | Compensation | Retail leverage | Negative balance protection | Disputes |
|---|---|---|---|---|
| 1 FCA | FSCS — up to £85,000 per eligible client per firm | 30:1 on major FX pairs for retail clients (20:1 minors, gold and major indices) | Required for retail clients | Financial Ombudsman Service (FOS) |
| 4 FSA (Seychelles) | No compensation scheme | No statutory cap | Not a regulatory requirement | FSA Seychelles |
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ZFX regulation FAQ
Is ZFX regulated?
Yes — in our database ZFX is matched to 2 licences: FCA (United Kingdom) and FSA (Seychelles) (Seychelles). Which of these protects you depends on the legal entity you open an account with. Always confirm the licence on the regulator's official register.
Is ZFX a tier-1 regulated broker?
ZFX holds 1 licence from regulators we classify as tier 1: FCA.
Does ZFX accept US clients?
ZFX is not matched to a CFTC/NFA registration in our database. Only CFTC-registered, NFA-member firms may offer retail forex to US residents, so ZFX generally cannot accept US retail forex clients.
Is my money protected with ZFX?
Clients of ZFX's FCA-regulated entity may be eligible for statutory compensation (FSCS — up to £85,000 per eligible client per firm). Clients of other entities rely on segregation of funds and the firm's financial strength.
How can I verify ZFX's licence?
Find the company name and licence number in ZFX's client agreement or website footer, then search it on the regulator's official register (linked from each licence on this page). Confirm that the website domain you use is listed on the register, and check the regulator's warning list for clones.