ZIVEST
Pros and Cons
Pros
- User-friendly trading platform (MetaTrader 5)
- Competitive spreads starting from 1.2 pips
- Variety of trading instruments including forex, commodities, and indices
- Responsive customer support available via email and phone
- No commissions on deposits
Cons
- Not regulated by any recognized financial authorities
- Lack of comprehensive educational resources
- Limited research tools for market analysis
- Potentially high spreads despite competitive claims
- Withdrawal process may involve delays
Basic Information
User Reviews
ZIVEST Overview
ZIVEST, established in South Africa, operates under the name Zivest (Pty) Ltd and has been functioning for a period of 2-5 years. This broker offers a range of trading options in the forex market, yet it is important to note that ZIVEST is not regulated by any reputable financial authorities. The absence of regulatory oversight may raise concerns for potential traders regarding the safety and security of their investments.
ZIVEST provides access to various trading instruments, including forex, commodities, and indices, utilizing the well-regarded MetaTrader 5 (MT5) platform for trade execution. This platform is known for its user-friendly interface and advanced trading tools, making it suitable for both novice and experienced traders. Additionally, ZIVEST offers competitive spreads starting from 1.2 pips and responsive customer support through multiple channels, ensuring that traders can receive assistance whenever needed. However, the lack of comprehensive educational resources may limit traders’ ability to enhance their trading skills effectively.
Is ZIVEST Safe? Regulation Analysis
Regulatory Information
ZIVEST operates without regulatory oversight from any recognized financial authority. This lack of regulation raises significant concerns regarding the safety of client funds and the overall trustworthiness of the broker. Traders engaging with ZIVEST may face increased risks due to the absence of investor protections typically provided by regulatory bodies, such as compensation schemes and fund segregation. Caution is advised when considering trading with unregulated brokers like ZIVEST, as the potential for financial loss may be heightened.
Trading Products and Services
What trading instruments does ZIVEST offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs (e.g. EUR/USD, GBP/JPY) | Many |
| Commodities | Gold, Oil, Coffee, Sugar | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100 | Varies |
| Stocks | Global Stocks (e.g. Apple, BP) | Varies |
| Cryptocurrencies | BTC, ETH, XRP | Varies |
ZIVEST offers a diverse range of trading instruments across various asset categories, including forex, commodities, indices, stocks, and cryptocurrencies. This variety allows traders to engage in different markets and develop flexible trading strategies tailored to their individual preferences and risk appetites. With competitive spreads starting from 1.2 pips and the user-friendly MetaTrader 5 platform, ZIVEST caters to both novice and experienced traders. The availability of multiple asset types promotes portfolio diversification, enabling users to mitigate risks and seize opportunities across different sectors. Whether you are a technical trader or a long-term investor, ZIVEST’s wide selection of products supports an adaptable trading approach.
Account Types and Trading Conditions
What Account Types and Fees Does ZIVEST Offer?
| Account Type | Target User Group | Key Characteristics | Applicability Notes |
|---|---|---|---|
| Mini Account | Novice traders | Low minimum deposit, high leverage | Suitable for small-capital practice |
| Standard Account | Experienced traders | Competitive spreads, flexible trading conditions | Requires a minimum deposit of $100 |
| Managed Account | Traders seeking professional management | Managed by professionals, similar spreads | Minimum deposit of $100, professional oversight |
Account Opening Process
To open an account with ZIVEST, follow these steps: 1. Registration: Visit the ZIVEST website and click the “Open an Account” button. Fill in the required personal information, including name, email, phone number, and address. 2. Account Verification: After registration, verify your identity by uploading documents such as an ID and proof of address. 3. Deposit Funds: Once your account is verified, you can deposit funds using various methods. Ensure you meet the minimum deposit requirement for your chosen account type. 4. Start Trading: After funding your account, download the trading platform, log in, and start trading. You can upgrade to a professional account later if desired.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | From 1.2 | $0 | Competitive spreads for major pairs |
| CFDs (Indices) | From 1.2 | $0 | Similar spreads across asset classes |
| Cryptos | From 1.2 | $0 | Variable spreads depending on market conditions |
Other Fees
In addition to trading fees, ZIVEST may have the following costs: – Deposit/Withdrawal Fees: No commissions on deposits. – Inactivity Fees: Applicable after a certain period of inactivity (details not specified). – Platform Usage Fees: Not applicable. – Overnight Interest (Swap Rates): Applicable to positions held overnight. – Currency Conversion Fees: May apply when trading in currencies different from the account currency.
Trading Platforms and Apps
What Trading Platforms and Apps Does ZIVEST Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | Login security (encryption), multiple order types, technical indicators, economic calendar | Demo accounts, VPS |
| MetaTrader 5 Webtrader | Any device with a web browser | Login security (encryption), symbol lookup, price alerts | None |
| MetaTrader 5 Mobile App | iOS, Android | Login security (biometrics), push notifications, one-click trading | None |
ZIVEST primarily utilizes the MetaTrader 5 (MT5) platform, which is well-suited for both desktop and mobile traders. The desktop version offers advanced trading tools and a comprehensive trading experience, while the mobile app allows for convenient trading on the go. The web-based MT5 Webtrader provides flexibility, enabling traders to access their accounts from any device without installation. Each platform ensures secure logins and features such as real-time alerts and efficient market search tools. Overall, ZIVEST supports a range of trading environments that accommodate various trader preferences.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 2–5 business days | No platform fee | Min $100, Max $10,000/day | USD, ZAR |
| Credit/Debit Card | Instant | No platform fee | Min $50, Max $5,000/day | USD, ZAR |
| E-wallet (e.g. PayPal) | Instant | No platform fee, 1.5% charge | Min $50, Max $5,000/day | USD, ZAR |
Minimum Deposit
ZIVEST requires a minimum deposit of $100 for the Standard and Managed Account types, while the Mini Account allows for a lower minimum deposit. The minimum deposit may vary depending on the selected account type but is generally consistent across payment methods.
How to Withdraw
- Log into your ZIVEST account.
- Navigate to the ‘Withdrawal’ section.
- Select your preferred withdrawal method.
- Enter the amount you wish to withdraw.
- Submit your request and wait for confirmation.
Customer Support
ZIVEST Customer Support Overview
Support Channels
ZIVEST provides customer support through several accessible channels to assist traders effectively. Customers can reach out via:
- Email: Traders can contact the support team at info@zivestfx.com for inquiries or assistance.
- Telephone: Support is available by calling +27 615144588, allowing for direct communication with the support team.
Service Availability
The customer support services are available during business hours, although specific operational times are not detailed. Multilingual support is not explicitly mentioned, so it is advisable to inquire directly for language options.
Frequently Asked Questions
No, ZIVEST operates without regulatory oversight from any recognized financial authority, raising concerns about client fund safety.
ZIVEST primarily utilizes the MetaTrader 5 (MT5) platform, which is available for desktop, mobile, and web access, providing a user-friendly trading experience.
The minimum deposit is $1 for the Mini account, and $100 for both the Standard and Managed account types.
ZIVEST offers three account types: Mini Account, Standard Account, and Managed Account, each tailored to different trader needs and experience levels.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.