Zooe Forex Review

Read our full Zooe review to get exact details about their safety, accounts, spreads, platforms, assets, support, and many more. Our unbiased Zooe opinion allows our readers to decide whether Zooe is a reliable broker.

Zooe Forex Broker History

Zooe is a young FX broker, but it has already managed to get a license and become a regulated broker, which is a major achievement. The Zooe Global Ltd is behind the website and operates the trading name and web page of the broker. Currently, Zooe only offers one live trading account, where it provides commission-free trading, and there is a free demo account as well. The broker also provides live chat and other support options. Since the broker is new, it has not adopted advanced platforms like MT4 and 5 yet.

Overall, Zooe seems a promising broker with flexible trading conditions coupled with fast withdrawals.

Zooe broker safety

Zooe is a regulated broker. The entity behind the website is Zooe Global Ltd, and it is overseen by the Financial Services Commission (BVI FSC) in the British Virgin Islands. The broker follows the regulator’s guidelines and keeps traders’ funds in segregated bank accounts, ensuring their money stays separate from its own operational funds, which is a critical part of safety. The negative balance protection is also provided, meaning traders are protected from losing more than their initial investment, which is advantageous.

The website of Zooe is responsive, and all critical details are transparently disclosed, which is also crucial for the broker’s reliability.

Zooe Broker Review of Accounts

Zooe lacks account diversity. The broker offers only a single trading account, which is a standard STP account, where traders have spreads but no commissions are charged. However, the minimum deposit is a bit high at 100 USD, which makes the broker not very competitive in its sector. The maximum leverage is up to 1:1000 on major pairs, which is plenty to control large trading positions. Spreads are very competitive and float around 0.8 pips, which is on par with industry leaders. The minimum lot size is also small, from 0.01 lots, enabling traders to have full flexibility with their position sizing. There is also a demo account, which is free.

Zooe instruments

Zooe trading instruments are diverse, and traders can access Forex pairs, commodities, indices, and stocks. Most of these assets are CFDs, which enable faster trade execution, and both buy and sell trades are supported on stocks. The leverage is high and spreads are low, which makes the broker very competitive. The 0 USD commissions are favorable for swing and trend traders.

Zooe Reviews of Trading Platforms

Lack of advanced trading platforms is one of the main downsides of Zooe FX brokers. There is only one trading app offered, which is a Zooe mobile trading app, and there is no desktop trading software with advanced features. As a result, traders can not use custom indicators or Expert Advisors (EAs), which is a serious downside.

Zooe Forex Review of Extra Features

Zooe lacks many different extra features. However, the broker offers some features like copy trading, market news, forecast data, economic calendar, risk management, sentiment index, and trading analysis. These tools are designed to help traders increase their accuracy and make better trading decisions. Using the economic calendar, traders can monitor major macroeconomic news and await important shifts in financial markets.

There are educational resources offered as well, using the academy, where traders can find the learning trading section and the Zooe guide section. Here, traders can learn about core financial trading concepts and improve their skills. There is also a demo account to test skills or develop and backtest trading strategies.

Zooe Reviews of Customer Support

Customer support is offered via several channels at Zooe, like live chat and email. There is no phone support offered yet, which is a drawback. However, the broker offers its address transparently on the website, which is a positive sign. The live chat is a plugin that is directly available on the website and enables quick contact with the broker support personnel. Both the support and the website of Zooe are available in a plethora of languages, which makes the broker a multilingual FX broker.

Zooe Deposit and Withdrawal

Deposits and withdrawals are possible using a diverse set of payment methods, including wire transfers, bank cards, web wallets, and cryptocurrencies. Traders can use Visa, MasterCard, Tether, Neteller, Skrill, and some more options to transact funds on and from their accounts. Deposits are instant, and withdrawals are processed the same day. The broker does not charge commissions.

Zooe Review Conclusion – Can you trust Zooe?

Zooe is a recently established and regulated broker offering solid trading conditions, including 0.8 pips spreads, high leverage of 1:1000, and zero trading commissions. It supports multiple asset classes and offers mobile trading apps, but lacks advanced platforms like MT4 and 5 or desktop software. While the broker is suitable for beginners thanks to its negative balance protection policy and multilingual support, the limited account variety is a serious drawback, coupled with a lack of advanced platforms.

Overall, there are still some areas where Zooe needs improvement, and it will be a very competitive broker in the sector.

FAQs on Zooe

Is Zooe a scam?

Zooe scam is very unlikely as the broker is regulated despite being young, and there are no negative trader complaints about this broker.

What is the Zooe minimum deposit?

The minimum deposit at Zooe starts from 100 USD, which is high when compared to the competition.

Is Zooe a cheap broker?

Yes, Zooe offers tight spreads from 0.8 pips, no trading commissions, and fee-free deposits and withdrawals, making it very affordable.