ZitaPlus Review

Unique Selling Points

Very High Leverage and Zero-Spread Accounts

 The 1:1000 leverage on ZitaPlus is a great option to explore for experienced traders to earn high returns. Zero-spreads on trading accounts further lower trading costs, allowing traders to get more out of their trades. These two features are not common among most brokers. 

Multiple Trading Assets

Many forex brokers offer a limited variety of tradable options. ZitaPlus offers you a wide range of trading options with forex, stocks, commodities, crypto and indices. This wider range allows traders to diversify their trading portfolios opening them to more opportunities. 

MT5 Trading Platform with Advanced Trading Tools 

ZitaPlus offers an MT5 trading platform equipped with many advanced features and tools to help you trade. You can utilize features like advanced charting and algorithmic trading. Another amazing feature of this platform is the multi-device compatibility. 

Multilingual Support 

Customer support, especially when you need it, makes it one of the most valuable offerings a broker can offer. The usual customer support offerings from most brokers include limited hours of customer support in English. ZitaPlus takes a step ahead by offering a multilingual customer service with {placeholder} languages and 24/5 service. You can access the customer support via chat support, email, and phone on all days when major markets are open. 

Active Social Media Presence

The broker is also utilizing social media channels like Facebook, X (formerly Twitter), TikTok, and YouTube to inform and educate the community. They have explained different trading concepts on YouTube and are very active in sharing informative content on X and Facebook. Following ZitaPlus on these channels can help you stay on top of market analysis and promotions from the broker.

Long Review: 

ZitaPlus is a relatively new broker. Yet, the company is offering many amazing trading conditions to its customers like very high leverage of 1:1000, zero spreads, and low set commissions. To experience these perks on your trades, you have access to stocks, forex, commodities, indices, and even crypto. With all these tradable assets, you can trade on any weekday or a weekend (in case of crypto). 

This broker has multilingual support to answer your queries 24/5 over phone, email, and live chat. The broker is also a regulated broker. The regulation however being in the British Virgin Islands is not as reliable as that of tier-1 regulations. Yet trading a regulated broker adds some level of reliability for customers.

Restricted Countries

When researching a broker, it is highly important to check if that broker offers services in your country. For different reasons, like countries being on FATF lists, local regulations, etc., brokers are usually not available in all jurisdictions. 

The same applies to ZitaPlus. However, the list of restricted countries by ZitaPlus is quite extensive. The following are the countries where this broker does not offers its services: 

• Democratic People's Republic of Korea
• Iran
• Iraq
• Syria
• Democratic Republic of Congo
• Yemen
• Venezuela
• Myanmar
• Turkey
• Japan
• Ukraine
• Belarus
• Cuba
• Russian Federation
• United States of America
• Canada
• New Zealand
• Afghanistan
• State of Palestine
• Israel
• Somalia
• Sudan

Average Customer Ratings

While researching a broker, you should always take into account the experience of other users with the broker. The best way to check this is to look up their customer reviews. You can check the reviews on TrustPilot or on TopBrokers customer reviews section.

Based on 247 reviews (at the time of writing this article), the broker has a solid 4.8-star rating. ZitaPlus also actively responds to negative comments. Both these are signals of good quality of service from the broker. 

Trading Platform

ZitaPlus offers MT5 trading platform which is a successor of MT4 but with more advanced charting tools, auto trading, and other advanced features. A major benefit of trading with this platform is the flexibility. You can trade from your desktop, laptop, and even your phone. You can also trade with your browser if you do not have MT5 installed on your device.

Tradable Instruments

The range of tradable instruments from ZitaPlus is truly impressive. The company offers 100+ tradable instruments such as forex, metals, commodities, shares, indices, and cryptocurrencies. Also, weekend crypto trading is available. In other words, you get plenty of options to expand your portfolio and trade on any given day of the week. 

Customer Service

ZitaPlus goes beyond the standard offerings most brokers usually offer. Generally, the support is only limited to English language and limited hours. But ZitaPlus has multilingual support over three channels throughout the day. The active community on social media is also a great source of getting the latest updates and learning from others. 

For those who prefer finding answers on their own, the blogs on the website can be really helpful for those starting out in trading. You can explore their different blog categories like “for brokerage”, “for trading”, and “for investing”.

Deposits and Withdrawal Methods

Some brokers have very complex methods of depositing or withdrawing money. The complex ones are difficult to get by. Generally, getting more options makes it more convenient for traders. Deposit options on ZitaPlus include credit cards, debit cards, and Duit Now. 

Company Details

ZitaPlus has headquarters located in the H Hotel Office Tower, One Sheikh Zayed Road, Trade Center First,18th floor, Office No:1803, Dubai, United Arab Emirates. The company also has an office in the British Virgin Islands, where the company is registered (under registration no. 2111986) and regulated (license no. SIBA/L/23/1162). 

Final Thoughts

Despite being a new broker that just started operations in 2022, ZitaPlus has many amazing offerings including a very high leverage, low spreads, and specialized account types. On top of these, the broker also has a very flexible trading platform and risk mitigation features like stop loss and margin calls. 

But on the flipside, ZitaPlus does not have a strong regulation. You don’t get investor protection features like guarantees of segregated accounts and investor insurance. It is important to keep these things in mind as well. 

All things considered, ZitaPlus can be a good option for seasoned traders who can take risks with leverage and bigger lot sizes. It may be better for a beginner trader to explore other options with less minimum deposits and a more secure trading environment.