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ZitaPlus review
By
6 mins read
Overview
Our 5-step process of verification and evaluation – How do we obtain information?
General inspection – 30%
Trading experience – 30%
Technical audit – 20%
Collective experience from collaborations with the broker – 10%
Interviews with real traders – 10%
See the entire process here.
Pros
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B2B Broker: ZitaPlus also operates as a B2B broker, providing liquidity to other forex and CFD brokers.
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Customized Services and Hedging: Customized services and excellent hedging conditions for high-volume traders. Hedging operational risks for institutional clients, including physical gold and oil merchants and companies worldwide.
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Islamic/Swap-Free Account: Swap-Free accounts on ZitaPlus help Muslim traders trade while ensuring they are following their religious guidelines by not charging interest for holding positions overnight.
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Low Spreads: Low spreads and zero-spread accounts allow traders to trade at lower trading overheads.
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Very High Leverage: ZitaPlus offers a very high leverage of up to 1:1000, enabling traders to control bigger positions against their investments.
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Extensive Variety of Tradable Instruments: You can trade forex, stocks, indices, cryptocurrencies, and commodities from the platform.
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Trade from Any Device: With MT5 trading platform, you can trade using your phone, laptop, desktop computer, and straight from your browsers.
Cons
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Offshore Regulation: Registered under the British Virgin Islands (BVI) Financial Services Commission (FSC), which does not offer top-tier investor protections unlike top-tier brokers.
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Limited Track Record: A relatively new broker with limited historical performance and client feedback.
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Limited Availability: ZitaPlus does not serve in many countries like the US, Japan, Turkey, Belarus, etc. Please check the availability status of the broker in your country.
General details
+971 42 871 454
Accounts
Types of Trading Accounts on ZitaPlus
ZitaPlus has Plus offers 4 different types of accounts for traders. You can trade with Standard Account, RAW Trading Account, Swap-Free Trading Account, and PRO Trading Account. The best part is that there are no inactivity fees from the broker. Overview of these account types are given below:
Standard Account
When trading with the commission-free standard account by ZitaPlus, you get maximum leverage up to 1:1000 with 1.2 pip spread, and a minimum lot size of 0.01 lot. You also get a 100% margin call with notifications when your capital hits critical levels. In addition, you can protect your capital by setting a 50% stop-out level to automatically close the positions and prevent losses. The minimum deposit is slightly on the higher side at $250.
RAW Trading Account
RAW trading accounts offer 0% spreads but you are charged fixed fees on tradable instruments. The commissions are $8 on forex and $12 on metals (like gold) per trade. You can trade with a RAW Trading Account with a much lower minimum deposit of $100. Leverage, stop loss, and margin call features are the same as the Standard account.
Swap-Free Trading Account
The Swap-Free account does not charge you overnight swap interest making it a great option for Muslim traders. The spreads and leverage on this account are lower (0.7 pips and 1:200). There are also applied commissions of $8 on forex, and $12 on metals. Stop out and margin calls are the same as other accounts. However, a big difference is the high minimum deposit of $5,000 which is on a much higher end.
PRO Trading Account
PRO trading accounts are for those who want to trade bigger volumes (maximum trade size set to 20 lots). The leverage and spreads on this account are 1:200 and 0.6 pips. Margin call and stop out are available to traders. But the minimum deposit for this account is $10,000.
Tradable instruments
ZitaPlus offers a diverse range of tradable instruments:
- Forex Pairs
- Commodities
- Metals
- Crypto
- Shares
- Bonds
- Indices
Frequently asked questions
ZitaPlus is a registered and regulated broker in the British Virgin Islands. It is a legitimate brokerage and not a scam.
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Forex.com Best Trading PlatformsStart trading76-77% of retail investor accounts lose money when trading CFDs with this provider.
ZitaPlus compared with alternative brokers
To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.
- Overall verdict
- Trading
- Minimum deposit
- Maximum leverage
- Fees
- Withdrawal fee
- Deposit fee
- Safety
- Top-tier regulators
- Investor protection
