ZERO

Zero Markets is a forex and CFD broker that started operating in December 2019. The broker operates under two registered entities: Zero Markets LLC, incorporated in Saint Vincent and the Grenadines (Limited Liability Number 503 LLC 2020), and Zero Financial Pty Ltd, an Australian company (ABN 72 623 051 641) that acts as an authorised representative of another Australian firm.

Despite its young age, Zero Markets has attracted attention for its aggressive pricing and accessible entry-level, with a minimum deposit of just $100 AUD. The broker positions itself as a cost-effective gateway to global markets, though its small headcount and offshore registration raise questions about scale and operational resilience.

According to public registers, Zero Markets holds two regulatory licences. The first is a Market Making Licence (no. 569807) from the New Zealand Financial Markets Authority (FMA), which permits the broker to deal in derivatives. The second is an Australian Forex Execution Licence (no. 244040) issued by ASIC, though this is held through Zero Financial Pty Ltd’s authorised representative relationship with First Prudential Markets Pty Ltd.

While both regulators are respected, the structure is complex. The FMA licence covers the NZ entity, the ASIC licence is indirect, and the parent holding company in Saint Vincent and the Grenadines faces no meaningful financial oversight. Traders should understand that legal protections vary widely depending on which entity holds their account.

Zero Markets offers four trading accounts: Standard, Super Zero, Islamic Standard, and Islamic Raw. All accounts require a $100 AUD minimum deposit. The Super Zero and Islamic Raw accounts provide raw spreads starting from 0.0 pips, with a commission of $2.5 per side per 100,000 traded. In contrast, the Standard and Islamic Standard accounts have spreads from 1.0 pips and charge no commission.

The broker does not publicly disclose maximum leverage, which is a notable omission. The low cost structure is clearly aimed at scalpers, high-frequency traders, and cost-conscious retail investors, though the absence of leverage details makes risk assessment difficult.

Zero Markets supports the MetaTrader 4 (MT4) platform, which is the industry standard for retail forex trading. User reviews confirm that the platform is used to trade forex pairs, gold, and possibly CFDs, although the broker’s website does not provide a comprehensive list of tradable instruments.

The lack of instrument disclosure is a transparency issue. Prospective clients should inquire directly about what assets are available and whether they are suited to their trading strategies.

The broker accepts deposits and processes withdrawals through VISA, Mastercard, Neteller, and Skrill. While this covers major e-wallets and credit cards, there is no mention of bank wire transfers, which may inconvenience some traders.

User feedback on funding is mixed. Many reviewers praise easy deposits via local methods like PromptPay, but withdrawal reliability is a recurring concern. Multiple traders report blocked payouts, system errors, and prolonged KYC verification that stalls access to funds.

Zero Markets appears to target traders who prioritise low spreads and commissions above all else. Its Super Zero account is competitively priced for scalping and algorithmic strategies. The low $100 AUD minimum deposit also lowers the barrier for beginners.

However, the broker’s regulatory complexity, offshore entity, and severe withdrawal complaints make it unsuitable for anyone who values fund safety or needs reliable access to their money. More cautious traders should consider brokers with direct, top-tier regulation and a cleaner complaint record.