ZXSAE-exchange (zxsae.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.zxsae.com.
The only good thing about ZXSAE-exchange (zxsae.com) is that they remind you why regulation matters. I found them after reading several online reviews. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Economic calendar|Multi-currency support|Excellent charting
Cons: Spreads widen during volatile periods|Minimum deposit could be lower
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. ZXSAE-exchange (zxsae.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Two-factor authentication|Stable platform|No hidden fees|Instant funding
Cons: No dark mode on mobile|No crypto staking
ZXSAE-exchange (zxsae.com) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Segregated accounts|Detailed reporting
Cons: Alert system is basic
Do not use ZXSAE-exchange (zxsae.com) for anything serious. I used them for a couple of months now for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Competitive fees|Multi-device support|Regular updates
Cons: Currency conversion fee exists
If you are reading this considering ZXSAE-exchange (zxsae.com) - run. I wish I had read more negative reviews after a trusted YouTuber reviewed them. I thought the positive ones were real. Maybe some are. My experience over since last summer has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Real-time alerts|Clean UI|Tax reports included|Good mobile app
Cons: Limited social trading features|No live chat on mobile
I wanted to transfer my portfolio from another broker to ZXSAE-exchange (zxsae.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Economic calendar|Wide product range
Cons: No fractional shares|No live chat on mobile
ZXSAE-exchange (zxsae.com) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Good analytical tools|Customizable dashboard|Risk management tools
Cons: Inactivity fee applies after 12 months
I lost a significant amount because ZXSAE-exchange (zxsae.com) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Demo account available|Risk management tools
Cons: Cannot customize dashboard fully
I trusted ZXSAE-exchange (zxsae.com) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Excellent charting|Educational resources|Low minimum deposit|Competitive fees
Cons: Limited social trading features
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. ZXSAE-exchange (zxsae.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Clear documentation|Intuitive for beginners|Competitive fees
Cons: Minimum deposit could be lower