Z.com Trade spread does not reflect what they say on their site. On my account their spread 400 to 500 for GBP/JPY and USD/JPY. I have an evidence. I'm not sure if they are true ECN broker. someone has to answer. I'm not sure new traders know that.
We tested their trading platform and API for managing investors accounts. Unfortunately, it is complicated process to eliminate impact of transactions cost on overall performance. Broker charges fees and provides execution prices based on its own commercial interest. It means that they have verity of prices from liquidity providers; However, they give you the worst price for execution. Comparing our performance to other brokers like Interactive, we can definitely say that it causes losses. I don't think is due to trading platform but because of back office suspicious activity.
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Z.com Trade is the global brand of the Tokyo-headquartered GMO CLICK Group – the world’s largest retail forex provider by volume since 2011, as reported by Finance Magnates. At the foundation of Z.com Trade’s philosophy is a commitment to providing the best possible trading...
Regulation: FCA, SFC, JFSAZ.com Trade trading information