Zero Markets at a glance
Founded in 2017, ZERO Markets is an international multi-regulated retail and institutional forex and CFD brokerage. The group operates under oversight from the Australian Securities and Investments Commission (ASIC via Zero Securities Pty Ltd, AFSL 244040, and Authorized Representative Zero Financial Pty Ltd, CAR 001301717), the Financial Markets Authority of New Zealand (FMA via Zero Markets (NZ) Limited, FSP 569807), and the Financial Services Commission of Mauritius (FSC via Zero Financial Ltd, Licence GB21026308). ZERO Markets delivers electronic execution across 60+ forex pairs, 800+ share CFDs, index derivatives, commodities, ETFs, and cryptocurrencies via MetaTrader 4 (MT4), MetaTrader 5 (MT5), and mobile apps.
Zero Markets reports a founding year of 2017 and a head office in Sydney, New South Wales, Australia. It lists 5 regulators and 5 trading platforms.
BrokerBazaar verdict
ZERO Markets is an established Australian-origin retail forex and CFD broker founded in 2017. Regulated domestically by ASIC (AFSL 244040 / CAR 001301717) and internationally via the Mauritius FSC (GB21026308), it delivers institutional raw spreads from 0.0 pips paired with a below-average $5/lot round-turn commission on MT4 and MT5. With client funds segregated in Tier-1 Australian banks, counterparty default risk is evaluated as low-to-moderate.
Legal entities, regulation and licences
Zero Markets operates through 3 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by at least one strict-tier regulator.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
Zero Markets states that it accepts clients from Australia and international jurisdictions across Asia, Middle East, Africa, and Latin America (Strictly excluding the United States, Canada, Japan, North Korea, Iran, and sanctioned jurisdictions). Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: Forex Pairs (60+ pairs), Share CFDs (800+ global shares), Index CFDs, Precious Metals, Energy Commodities, Cryptocurrency CFDs, ETFs, Bonds. Platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), MT4 WebTrader, MT5 WebTrader, ZERO Markets Mobile App. Account types: Standard Account, Super Zero Account (Raw ECN), Islamic Swap-Free Account, Demo Account.
Best-for tags assigned by our team: Australian Traders, ASIC Regulated, Raw ECN Spreads, Low Commission ($5/lot), Share CFDs, MetaTrader 4, MetaTrader 5, Scalping, Expert Advisors.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is $100. Spreads start from 0.0 pips and commission is None (standard) · $0 (raw). Maximum leverage is up to 1:500 (dynamic), subject to the cap of the entity that holds your account.
Swap-free / Islamic account: available (conditional). Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Bank Wire Transfer, Credit / Debit Card (Visa / Mastercard), Neteller, Skrill, Cryptocurrencies (USDT, BTC), Local Bank Transfers. Withdrawal methods: Bank Wire Transfer, Credit / Debit Card, Neteller, Skrill, Cryptocurrencies.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: No. Scalping allowed: Yes. Algorithmic trading allowed: Yes. News trading allowed: Yes. Hedging: hedging. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account: ASIC: Held in segregated client trust accounts under the Corporations Act. Compensation: No central scheme; AFCA handles disputes.
Not covered: Zero Financial Ltd (FSC (Mauritius)). This licence covers a different activity (such as securities, wealth or payments), so its client-money rules do not apply to a forex or CFD account.
Complaints and dispute process
Formal complaints: compliance@zeromarkets.com. Phone: +61 2 7908 6100. Customer complaints are formally processed by the Legal and Compliance Department of Zero Financial Pty Ltd at Castlereagh Street, Sydney (or Zero Financial Ltd in Mauritius). For Australian retail clients, disputes that cannot be settled internally within statutory timeframes can be escalated directly to the Australian Financial Complaints Authority (AFCA), the independent financial ombudsman service. Client margin funds are held in segregated trust accounts with Tier-1 Australian banking institutions (including Commonwealth Bank of Australia and National Australia Bank), ring-fenced from operational capital. However, neither the Australian nor the Mauritian regulatory framework provides a statutory government investor compensation fund (such as the UK FSCS or Cyprus ICF) in the event of institutional default.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: Tier-1 regulatory oversight in Australia via ASIC (AFSL No. 244040 / CAR No. 001301717)
- Strength: Industry-competitive raw ECN pricing on Super Zero accounts with a low $5.00 round-turn commission per lot
- Strength: Extensive multi-asset library including over 800 single-stock equity CFDs alongside forex and indices
- Strength: Full platform support across the complete MetaTrader 4 (MT4) and MetaTrader 5 (MT5) ecosystem
- Strength: Client money held in segregated trust accounts with Tier-1 Australian banks (CBA / NAB)
- Limitation: International retail trading accounts are contracted offshore under Mauritius (FSC) or SVG entities
- Limitation: No statutory investor compensation fund (such as the UK FSCS or Cyprus ICF) under ASIC or FSC Mauritius
- Limitation: Standard account floating spreads (averaging 1.2 pips on EUR/USD) are wider than raw tier options
- Limitation: Negative balance protection is not contractually guaranteed across all offshore retail accounts
- Limitation: Retail services are strictly unavailable to residents of the United States, Canada, and Japan
Who this broker suits, and who it does not
Zero Markets is most relevant to traders looking for: Australian Traders, ASIC Regulated, Raw ECN Spreads, Low Commission ($5/lot), Share CFDs, MetaTrader 4, MetaTrader 5, Scalping, Expert Advisors.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence but would be onboarded by an offshore entity, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
Zero Markets change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for Zero Markets yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about Zero Markets
Data sources. Broker submission, the regulator registers linked above, FMA licensed providers register; zeromarkets.co.nz, web-archive and domain records, and third-party traffic data. Last register check 2026-10-12. External ratings: Trustpilot 4.1/5; FxScouts 4/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We may receive a referral fee if you open an account with Zero Markets through our links; this never affects scores or verification. How we make money. Trading leveraged products carries a high risk of loss.