Zetano – Regulated broker review Review
Zetano Review: Being a trader is not as easy a thing as it may seem at first glance. A trader is a person who is willing to analyze a huge amount of data, follow the information agenda, and also understands the economy. Most stock market participants are engaged in investing, which is a slow, deliberate and thoughtful process that has little to do with trading.
Among the large mass of new trading platforms and brokers, it is very difficult to navigate. At first glance, it is difficult to understand whether a given broker is reliable or not. In our review today, we will look at the relatively new broker Zetano and try to conduct an independent analysis of its activities. We will explore all the trading options that this broker offers and at the same time try to uncover possible pitfalls that users may encounter. We will also assess Zetano’s level of reliability.
Zetano – Basic information
Broker Status: | Regulated broker |
Regulated: | CySEC |
Website: | zetano.com |
Owned by: | Wonderinterest Trading Ltd |
Country of residence: | Cyprus |
Year of foundation: | 2016 |
Asset types: | S |
FD Forex: | AUD/CAD, GBP/USD, USD/ZAR |
CFD komodity: | gold, grain, sugar |
CFD indexy: | NASDAQ, FTSE100, DAX30 |
Stock CFDs: | Amazon, Alphabet A, Bank of America |
Regulation of the broker Zetano
Zetano is a brand of Wonderinterest Trading Ltd, which is registered in Cyprus. The owner has been active since 2016, when he obtained the CySEC license number 307/16. This license applies to two brands – Zetano and Investago.
The CySEC licence means that the company must have working capital of EUR 730 000 at any given time. In addition, it must participate in the ICF Compensation Fund by EUR 20 000 per customer. All in all, your funds are safe if you reside in the EEA zone.
Zetano Trading Platform
Successful transactions on the stock exchange require not only the correct selection of financial instruments, but also preparation from the technical point of view of the process. Investors and traders need to be able to quickly and easily find the desired asset, get information about it and make transactions without unnecessary clicking.
It is also important to be able to easily monitor your own investment portfolio. The information shall be easy to read and understand. Brokers offer all of the above services in various forms. However, there are special trading platforms for active traders and investors.
The fact that Zetano has its own developed trading platform – the XOH Trader platform – is very professional. You can download it from Google Play or the App Store.
Language offer
Very easy to use, no extra buttons, convenient layout of charts on the screen.
Another advantage of the Zetano broker platform is its multilingualism, it is adapted to more than 20 languages. This is really convenient because Zetano is available in many countries and merchants do not have to use online translators, which are not always reliable.
Zetano mobile app
The convenience and freedom from being tied to a specific place makes mobile trading very popular among traders. The platform is also accessible from mobile devices. Both Android and iOS users have their links even on the broker’s website. After downloading it, you will find that the platform includes the same features as the desktop version.
Some tips for mobile trading:
- Operating system used. Currently, the most popular operating systems are Android and iOS, just for them the developers create platforms, so you need to choose smartphones with these operating systems if you want to do business over the phone.
- Screen size. This is an important criterion in terms of both technical analysis and easy display of the necessary information.
Registration process
In the upper right corner you have the option to log in or register. After clicking on “Register”, a small digital form will be loaded. You need to fill in your first name, last name and email twice. Enter your phone number, tick their terms and click “Submit”. Really nothing complicated and it is completely impossible to make a mistake when registering.
Contact details are provided right next to the registration field. If you need to check with the support team before signing up, you don’t have to go to another page to look for contacts. A really small, but very useful and impressive feature. You will receive two emails immediately. The first will be a kind of confirmation of registration with your login details. The second email is the activation email. The whole registration takes a few minutes. Everything is fast and functional, straightforward and hassle-free.
However, after registering a trading account, you will still need to undergo identity verification. Detailed information on which documents you can submit to verify your identity can be found in the “Documents” section.
Account types
The broker has 4 trading accounts and 3 of them give the opportunity to become a VIP client, differing only in amount.
The higher the amount, the better conditions this or that trading account offers. We positively evaluate the fact that each type of account is free. You won’t find any account maintenance fees here. This is quite an interesting finding for us, since some brokers charge fees for higher types of accounts, for example, for the Diamond Account.
However, if your account is inactive for 1 month or more, you will have to pay €100 for inactivity while trading.
Zetano demo account
Using a demo account means you don’t have to worry about losing money, you can learn and gain skills before you start trading for real. It is a good educational tool for beginners. In other words, demo accounts are an invaluable tool for new traders. On the main page of Zetano you have a small mention of their demo account. You can register for free and learn without risk.
But the demo account option is not so easy to find on the Zetano website. Here is a short navigation: the main page – scroll almost to the footer – the inscription “you need help with registration” – and finally the option of a demo account.
A very good idea that a demo account offers is to “hide the button”, because so when capturing this button, the trader checks the entire page and finds a lot of useful information. The broker in this case can only be praised for good marketing.
The Zetano demo account will be allowed for the first 30 days. After this time, clients will need to open a real account.
VIP služba Zetano
Another friendly service of Zetano is the opportunity to become a VIP client. You can become a VIP client right after the first registration.
The VIP program is a unique offer for Zetano customers that responds to the four basic needs of sophisticated investors: it provides competitive financial conditions, personal care of experienced advisors, allows access to expertise and participation in special VIP events.
What do you get with the Zetano VIP program?
Individual expert support
As part of the VIP program, you will receive contact details for an individual advisor – a licensed broker who will support you in your daily investment decisions. In addition, the broker will invite you to a series of individual trainings that will cover all your topics related to financial investments.
Up-to-date market knowledge
Clients participating in the VIP Program have full access to Zetano’s professional knowledge of the CFD markets. Zetano offers: daily webinars with an overview of financial markets, quick access to market news and full access to individual support 24/5.
Financial benefits
Participating in the VIP program will allow you to get real financial benefits. You can individually negotiate trading conditions, e.g. required leverage and spreads. You will also get an attractive interest rate on your available funds in Zetano accounts.
Zetano instrument offer
This broker offers a relatively modest variety of trading instruments, we can say narrowly profiled – only CFD products, namely CFDs on stocks, CFDs on Forex, CFDs on commodities and CFDs on indices. If you are a fan of crypto or futures, this broker will not be interesting and profitable for you.
But let’s remember what CFDs are in general. CFD stands for “Contracts for Difference”.
A CFD is a popular type of derivative financial instrument or derivative that is used to trade on an exchange. Derivatives are time-limited contracts that are a “derivative” of an underlying asset and are fully aligned to its value in real time.
The main characteristics of CFDs are:
- is a derivative financial instrument, i.e. you do not own the underlying asset;
- it is an agreement between the client and the intermediary;
- monitors the change in the price of the asset;
- the contract is usually concluded for a short period of time.
We realize that our review will be read not only by experienced traders, but also by newcomers to the trading market. Therefore, it is our duty to describe in more detail each product of the Zetano broker.
Let’s start with CFD Forex – it is a leveraged financial instrument that allows you to trade the price movements of the following instruments: indices, commodities, stocks and bonds, their derivatives or valuations.
The next item is commodity CFDs. CFDs allow investors to trade commodities in a short period of time. This is one of the main reasons why they are popular among retail investors.
A very interesting area or invention in the trading market is CFD stocks. Trading CFDs on shares allows customers to gain exposure to the price movement of different stocks without owning the underlying asset. CFDs are, by definition, a contract between two parties (i.e. the provider and you) to pay the difference between the entry and exit prices. It is classified as a financial derivative instrument because its price is derived from the price of the underlying asset.
Another trading option of the Zetano broker is cfd index. Index CFDs provide a fast and convenient way to trade in the overall stock market. They are a popular alternative to buying individual stocks.
With CFDs, a trader can trade stock indices without owning stocks in the index.
But for those traders who specialize in the CFD field, it will be good to have an account and close some trades from time to time. Leverage starts from 1:5 and spreads usually start from 0.01. There are traders who specialize in CFDs, so the broker Zetano really deserves their attention.
Overview of fees
Trading fees can be associated with various types of investments, including stocks, mutual funds, exchange-traded funds or options. These fees can vary greatly depending on the type of product being traded and the broker. Some brokers may offer discounted trading fees if you trade large volumes of stocks.
Zetano Fees
The Zetano broker made a pleasant impression on us in terms of its fees. On the home page, for example, you won’t find a list of charges in the table. All information about fees can be found very nicely written in the “Documents” section. Brokerage fees are subject to change and change, there may be additional fees that are not mentioned in this review. Zetano does not charge fees for deposits or withdrawals and this is a huge advantage as many brokers take high fees for these services. All fees for third-party payments and transfers are held by the client and the Company will deduct the relevant amount from the account.
Minimum deposit and withdrawal
As for the minimum deposit, we were quite surprised. In the Payment Methods section, it is stated that customers need at least $250 to start trading. On the other hand, it is not such a high amount.
As for withdrawals, the minimum amount is $0. Withdrawals must be made using the same payment method used to deposit funds.
Zetano payment methods
When it comes to payment methods, the Zetano broker sticks to the classics. Payment by card or bank transfer is available on the website. Although many brokers provide the ability to use electronic wallets, the Zetano broker does not have such an option. However, this is understandable. The broker specializes only in SFD and it is much safer to have a limited option of payment systems. Thus, there are no problems with the withdrawal and receipt of money as in the case of electronic wallets.
O pákovém efektu a spreadech
Leverage is up to 1:100. However, according to CySEC standards, it is 1:30 for retail traders. If the investor is experienced and can prove his level of expertise, he can get up to 1:100.
Zetano website
The broker’s website is its business card. And website design is not an area in which a broker should have tried to save money on marketing. The website is available in English with the possibility of translation into Czech, Slovak, Greek and Slovenian. This means fairly solid language support, but there is still room for other language mutations, such as Spanish or Italian.
The website is yellow and white and very easy to use. Nothing is too much, the text does not clump together, which makes it easier to read and understand. At the top you will find the main page, where you can choose exactly what you need to know first:
- Products
- Trading
- Academy
- Novinky
No pop-ups. Information on the regulatory authority and the licence can be easily found on the website. On the website you will also find a list of organizations that ensure the security of clients’ funds. This means that this information is open and there is no need to ask for it.
Each option refers to other options for your right decision. In the “Trading” section, documents, company information and payment options are available. In the “Academy” you will find videos, tutorials, webinars and articles for everyone. It does not matter if you are a beginner or a professional.
In addition, in the “Academy” section you will find a glossary of the most common business terms. Very useful for newbies, right?
In the Blog section you will find interesting articles from the world of trading and current news. This broker has all the prerequisites for further development and it can be concluded that over time there will be more information on the site.
Technical support
As we mentioned above, the broker has a technical support function. Interaction with brokers is often accompanied by certain difficulties. In case of questions, the user can contact the technical support of the brokerage company in several ways. The Zetano broker accepts requests for technical support service:
- Via e-mail (address – support@zetano.com );
- By telephone
In addition, answers to the most frequently asked questions can be found on the broker’s website in the “FAQ” section divided by topics.
Support operators communicate in several languages, which is very encouraging. Multilingual support and interaction with customers is an important part of the success of any broker, as it opens up cooperation with a large number of clients. Not all traders and investors speak, for example, English or German, and many questions require knowledge of specific words and expressions. For this reason, most brokers try to provide multilingual support, and the Zetano broker shows great interest in customer comfort.
We tested the helpdesk service by writing an email with a specific problem during registration. In 30 minutes we received an informative and professional response. So the support works without problems.
Compare your offer with the competition
ZETANO | XTB | eToro | |
Krypto | – | – | Year |
Licence | Year | Year | Year |
Demo account | Year | Year | Year |
CFD | Year | Year | Year |
VIP služba | Year | Year | – |
Social networks Zetano
In the age of Instagram and Facebook, it is very difficult to trust a broker who does not have an account on social networks. This, too, is marketing and therefore requires a special approach to clients. Zetano is very active on social networks. It publishes both educational contributions and posts focused on current events in the world. The graphics are very engaging and match the website. You can find Zetano on Instagram, Facebook, Linkedin and even Twitter.
Zetano – Advantages and disadvantages of the broker
Overall, Zetano is evaluated positively. We like their website and educational support. Their graphics and short and striking text should also be highlighted. All clicks worked well and we found almost all the information intuitively. They offer 4 types of accounts as well as a demo account. Their platform is called xStation and it should work fine. At the same time, they have quite a lot of positive feedback on the Internet, especially on Trustpilot, which is Pioneer in terms of feedback. Zetano offers active accounts on social networks, and the information there is updated almost every day.
Advantages
Let’s look at the list of advantages that the Broker Zetano offers:
- active license
- 4 types of accounts
- demo account
- support service
- secure payment systems
- multilingualism of the site
- active accounts on social networks
- developed trading platform
Disadvantages
Only the one who does nothing has no faults. The Zetano broker is active and we found several places that the broker should pay more attention to:
- small selection of payment systems
- the demo account is only active for 30 days
- payment of 100 euros in case of inactivity of the trading account.
Have a look at a competitive broker Wonderinterest.
How to choose the right broker?
At the end of our review, we would like to give you some tips on how to protect yourself from a fake broker.
- Check your broker’s regulatory information
The first, most reliable and important thing to focus on is regulation. A regulated broker is registered and regulated by an international or regional regulatory authority. There is no single regulatory authority for all forex trades worldwide. Instead, governments and regional groups come together in these bodies to protect the interests of traders.
- Control of the database and quality of the regulator’s website
Another indicator of suspicious behavior is dubious websites. No illegal broker can afford a quality site with all the necessary information. There should also be high-quality, well-written and reasonably long articles on the site. They should also have other content articles, not just a landing page. A legitimate broker has its address and contact details listed on its website. It is not common for this data to be missing.
- Broker guarantees high immediate returns
The first sign of fraud is when the broker guarantees you immediate high returns. Trading is not getting rich quick, even for professionals. No broker in the world can ever guarantee you such returns.
- The broker does not respond to queries
Never excuse a bad response to inquiries with slow customer service, it is often a sign of a fraudulent broker. Every authentic broker always has a responsive customer service team. Many of them often go the extra mile and use artificial intelligence robots to respond to queries as quickly as possible. They also have an efficient infoline.
Scammers do not want to invest in customer service, as many of them disappear within a few days, or try to keep their illegal activities as secret as possible. They don’t need people asking them questions.
- Read client reviews
As with other companies, one of the best ways to assess quality is to go through customer reviews. However, do not rely on reviews that you can find on the websites of brokers. Instead, look for reviews from respected forex forums and websites. You can find legitimate reviews about registered companies and even blacklists of well-known scammers.
Our review of zetano broker
Based on the above points, we can confidently say that the Zetano broker is definitely a reliable broker and deserves the attention of traders. The broker is developing and keeping up with the times and we believe that new trading opportunities will soon appear at Zetano.