Question 1

Is Traze (ZFX) beginner-friendly?

FXScope Intelligence Lab · Accepted Answer

Traze offers some beginner-friendly features including a low minimum deposit of $50 for the Standard Trading Account, access to educational resources through Z Academy, and user-friendly platforms like MT4 and the Traze mobile app. However, the broker's high leverage up to 1:2000 can be risky for inexperienced traders. While they provide basic educational content, advanced trading materials are limited according to user feedback. The broker offers copy-trading functionality which can help beginners learn from experienced traders. The 24/5 customer support is also beneficial for new traders who may need assistance.

Question 2

What are Traze's regulatory credentials and how safe is my money?

FXScope Intelligence Lab · Accepted Answer

Traze operates under multiple regulatory jurisdictions providing layered protection for clients. The broker is regulated by the Financial Services Authority (FSA) in Seychelles under license number SD027, the Financial Conduct Authority (FCA) in the UK under FRN 768451, and the Financial Sector Conduct Authority (FSCA) in South Africa with FSP number 48248. The FCA regulation is particularly noteworthy as it follows rigorous UK standards. However, user reviews have raised concerns about withdrawal processes and account verification times, which potential clients should consider when evaluating the safety of their funds.

Question 3

What are the trading costs and account types available at Traze?

FXScope Intelligence Lab · Accepted Answer

Traze offers two main account types to suit different trader needs. The Standard Trading Account requires a minimum deposit of $50, offers leverage up to 1:2000, and features minimum FX spreads from 1.3 pips with no commission charges. The ECN Trading Account requires a $200 minimum deposit, also provides 1:2000 leverage, and offers tighter spreads from 0.2 pips, though commissions may apply. The broker claims to operate commission-free with variable spreads, making it attractive for cost-conscious traders. Both accounts give access to over 120 trading instruments across forex, indices, shares, commodities, cryptocurrency, and precious metals.

Question 4

What are the minimum deposit and withdrawal requirements at Traze?

FXScope Intelligence Lab · Accepted Answer

Traze's minimum deposit requirements start at $50 for the Standard Trading Account and $200 for the ECN Trading Account, making it accessible to traders with smaller capital. The broker supports multiple deposit methods including bank wire transfers, VISA, MasterCard, and Tether (USDT). For withdrawals, the same methods are available. However, user reviews have reported mixed experiences with withdrawal processing times, with some traders experiencing delays. The broker maintains a 24/5 customer service operation to assist with deposit and withdrawal queries, though response times may vary based on individual experiences.

Question 5

What trading platforms and tools does Traze provide?

FXScope Intelligence Lab · Accepted Answer

Traze provides access to the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms across Windows, Mac, and mobile devices. The broker also offers its proprietary Traze mobile app for trading on the go. Key trading tools include an economic calendar, CFD expiration date tracking, and a copy-trading platform that allows users to automatically replicate the performance of successful traders. The broker claims fast execution speeds under 1 millisecond. Additional features like trading calculators and market analysis tools are available to support traders' decision-making processes.

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