All Share (J203) = 89 898
Rand / Dollar = 18.26
Rand / Pound = 23.63
Rand / Euro = 19.68
Gold (usd/oz) = 3 073.36
Platinum (usd/oz) = 984.41
Brent (usd/barrel) = 73.24
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

27 Best Forex Brokers in Zimbabwe

Best Trading Platforms and Brokers in Zimbabwe

 

Best Forex Brokers in Zimbabwe as reviewed in South Africa, One of the African countries that have seen a significant increase in traders in the forex market, is Zimbabwe. More traders are discovering the trading opportunities that the forex market offers in addition to the profits that can be made.

 

🇿🇼 Government Financial Regulatory Body.The Securities and Exchange Commission (SEC)
📍 SEC Physical Address Block C, Ground Floor,Smatsatsa Office Park, Borrowdale Road, Harare
📞 SEC Official Telephone Number+263242870042-46
📧 SEC direct email addressseczim@seczim.co.zw
🖱️ SEC Official Websitehttps://seczim.co.zw/
⚖️ Is Forex and CFD Trading Legal in Zimbabwe?Yes, Forex and CFD trading is legal in Zimbabwe according to The Securities and Exchange Commission (SEC) in Zimbabwe.
💰 Do you get taxed in Zimbabwe on your forex trading profits?Yes, one will pay normal income tax as a Zimbabwean on profits according to Zimra ( Zimbabwe Revenue Authority )
💲 How much money do you need to successfully start trading forex in Zimbabwe?According to most successful traders, one needs at least $100 or equivalent to 30,619 ZWD to start trading.
👥 Amount of Active traders in Zimbabwe.Below 15 000 traders according to our latest survey and research ( 2025 )
🕒 Best time to trade in Zimbabwe.According to active traders in Zimbabwe, the best time to trade is between 9 am - 12 pm CAT.
🖥️ Most used trading platform in Zimbabwe.Metatrader 4 (MT4) is the most popular trading software in Zimbabwe.
📊 Most Traded Forex Currency in Zimbabwe.GBP / USD
🚫 Minimum Age to Trade in Zimbabwe.18 years old
🛡️ Trust Score 63%

Best Zimbabwean Forex Brokers

 

In this review, we will talk about the 27 best brokers in Zimbabwe and the pros and cons of each broker.

 

10 Best Forex Brokers in Zimbabwe

 

  • ✔️Hotforex
  • ✔️Go Markets
  • ✔️easyMarkets
  • Markets.com
  • Trading 212
  • Capital.com
  • FXPrimus
  • NSFX
  • Thinkmarkets
  • GlobeX360

 

Traders are flocking to reap the benefits of the comprehensive trading solutions and services that popular forex brokers, such as those on this list, offer to both new and existing traders.

 

You might also like: BEST FOREX BROKERS IN ZAMBIA

 

 

HotForex

 

Min Deposit

USD 0 / ZAR 0

Regulators

FSCA, DFSA, FSC, CMA. FCA

Trading Platform

MT4, MT5, HFM Platform

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

No Trading Fees

Account Activation

24 Hours

 

Overview

HotForex is a popular choice in the online trading industry due to the unique services that the broker offers. HotForex is a socially responsible broker that has obtained various awards and offers traders with tight spreads, competitive commissions, and a variety of trading accounts to choose from.

 

Traders are offered a range of dynamic account types, competitive trading conditions, a range of bonuses and offers, and access to powerful trading platforms through which trades can be executed seamlessly.

 

Pros and Cons

PROS CONS
Strictly and well-regulated US Clients not allowed
Strong international presence
Competitive trading conditions offered
Vast variety of account types offered

 

Features

Feature Information
Regulation CySEC, FCA, DFSA, FSCA
Minimum deposit from $5
Average spread from 0.0 pips
Commissions from $3
Deposit/Withdrawal Fees None
Maximum Leverage 1:1000
Bonuses Yes
Customer Support 24/5

 

GO Markets

 

 

Overview

Established in 2006, GO Markets is yet another popular name in the trading industry, offering traders access to more than 250 financial instruments.

 

GO Markets is an ECN and STP broker that ensures that traders are provided with transparent pricing and superior trade execution speeds.

 

Pros and Cons

PROS CONS
Well- and regulated US clients not allowed
Commission-free trading offered No fixed spreads
MetaTrader 4 and MetaTrader 5 offered
Demo account offered
Islamic Account option provided

 

Features

Feature Information
Regulation ASIC
Minimum deposit from AU$200
Average spread from 0.0 pips
Commissions from $3 per single side
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses Yes
Customer Support 24/5

 

easyMarkets

 

Min Deposit

USD 25

Regulators

CySEC, ASIC, BVI, FSA, FSCA

Trading Platform

MT4, Proprietary Platform, MT5 and TradingView

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overview

easyMarkets a reputable and well-established Market Maker broker headquartered in Cyprus with regulation and authorization through ASIC, CySEC, and FSA in offering the trade of more than 200 financial instruments to traders from around the world.

 

Traders can expect access to flexible and advanced trading platforms, innovative and unique technology, and award-winning trading solutions.

 

Pros and Cons

PROS CONS
Commission-free trading offered Forex spreads start from 1 pip
Fixed spread accounts offered Variable spread accounts not offered
Free guaranteed stops US Clients not allowed
Negative balance protection
Well-regulated

 

Features

Feature Information
Regulation ASIC, CySEC
Minimum deposit from $100
Average spread from 0.9 pips
Commissions from $0
Deposit/Withdrawal Fees None
Maximum Leverage 1:2000
Bonuses Yes
Customer Support 24/5

 

Markets.com

 

Min Deposit

USD 100

Regulators

CySEC, FSCA, ASIC, FCA, FSC

Trading Platform

MT4, MT5, Proprietary Platform

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overview

Markets.com is an STP broker which has offices in South Africa, Australia, and Cyprus, with corresponding and strict regulation through reputable entities in each.

 

Markets.com offers Zimbabwean traders with the option for commission-free trading, a wide variety of tradable financial instruments and a dynamic trading environment.

 

Pros and Cons

PROS CONS
Strict regulation No regulation by FCA
Wide variety of financial instruments No US Clients
Commission-free accounts offered Best trading conditions requires a professional account

 

Features

Feature Information
Regulation ASIC, CySEC, FSCA
Minimum deposit from $100
Average spread from 0.6 on EUR/USD
Commissions from $0
Deposit/Withdrawal Fees None
Maximum Leverage 1:300
Bonuses Yes
Customer Support 24/5

 

Trading 212

 

Min Deposit

USD 1

Regulators

FCA, FSC, CySEC

Trading Platform

Proprietary Platform

Crypto

Yes

Total Pairs

30

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Overview

Trading 212, as a United Kingdom-based fin-tech broker, offers traders an impressive range of financial instruments, the use of the best trading platforms available, competitive trading conditions, and low minimum deposits when registering an account.

 

Pros and Cons

PROS CONS
Strict regulation US clients not allowed
Member of FSCS Limited leverage for non-professional traders
Commission-free trading MetaTrader not offered
Intuitive and user-friendly trading platform
Low minimum deposit

 

Features

Feature Information
Regulation FCA, FSC
Minimum deposit from $1
Average spread from Not indicated
Commissions from $0
Deposit/Withdrawal Fees Some fees may apply
Maximum Leverage 1:300
Bonuses None
Customer Support 24/7

 

Capital.com

 

82.67% of retail investor accounts lose money

Overall Rating

Min Deposit

$20 by card

Regulators

FCA, CySEC, ASIC, SCB

Trading Platform

Proprietary Web-Based Platform

Crypto

CFD

Total Pairs

120+

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Overview

Capital.com is a reputable, well-regulated broker that has been offering its services for the past five years, aiming to expand its existing customer base of 360,000 registered traders.

 

When trading with Capital.com, Zimbabwean traders can trade more than 2,000 financial instruments through powerful trading platforms.

 

Pros and Cons

PROS CONS
Well-regulated US clients not allowed
Investmate offered Restricted leverage for non-professionals
Adequate education offered MetaTrader not offered
Variety of financial instruments
Advanced proprietary trading platform offered

 

Features

Feature Information
Regulation FCA, CySEC, NBRB
Minimum deposit from $20
Average spread from 0.6 pips EUR/USD
Commissions from None
Deposit/Withdrawal Fees None
Maximum Leverage 1:30
Bonuses Yes
Customer Support 24/5

 

FXPRIMUS

 

Min Deposit

USD 15

Regulators

CySEC, VFSC, FSCA

Trading Platform

MT4, MT5, cTrader

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overview

FXPRIMUS is a reputable ECN and STP broker that facilitates the trades of numerous traders worldwide, despite their trading skill, experience, knowledge, or style of trading.

Traders can expect commission-free trading options, negative balance protection for retail clients, and access to VPS when trading with FXPRIMUS.

 

Pros and Cons

PROS CONS
Well-regulated No US Clients
Negative balance protection offered No FCA Regulation or authorization
Commission-free trading on some accounts Restricted leverage of 1:30 for EU-clients
ECN Accounts offered VIP Account necessary to gain access to the best trading conditions
VPS Service offered Fixed spread accounts not offered

 

Features

Feature Information
Regulation CySEC, FSCA, VFSC
Minimum deposit from $500
Average spread from 0.0 pips
Commissions from £10 per lot
Deposit/Withdrawal Fees None
Maximum Leverage 1:1000
Bonuses Yes
Customer Support 24/5

 

NSFX

 

Min Deposit

USD 300

Regulators

MFSA

Trading Platform

MT4, JForex

Crypto

No

Total Pairs

27

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Overview

Established in 2010, NSFX is an ECN and STP broker which is regulated by MFSA. NFSX offers traders from around the world the trade in a variety of financial instruments.

 

NSFX employs an ECN model and the broker also offers competitive trading conditions, and the use of powerful trading platforms through which trades can be executed.

 

Pros and Cons

PROS CONS
Both MetaTrader and JForex offered US Clients not accepted
Variety of accounts High minimum deposit
Competitive trading conditions Spread list not transparent
Trading academy provided
Trading tools provided

 

Features

Feature Information
Regulation MFSA
Minimum deposit from $300
Average spread from Variable and fixed spreads
Commissions from $8 per lot round turn
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:50
Bonuses None
Customer Support 24/5

 

ThinkMarkets

 

Min Deposit

USD 0

Regulators

FCA, FSCA, ASIC, CySEC, JFSA

Trading Platform

MT4, MT5, ThinkTrader

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Derivative products are leveraged products and can result in losses that exceed initial deposits.

 

Overview

ThinkMarkets has been in operation since 2010 and is a popular STP broker that offers traders top of the range online technologies, a range of trading tools and resources, flexible trading platforms, access to Trading Central and AutoChartist, and VPS service.

 

Pros and Cons

PROS CONS
Strict regulation No US Clients
Commission-free trading account Leverage restricted for EU clients
VPS service Fixed spread accounts not offered
Islamic Account option and demo account provided
Competitive trading conditions

 

Features

Feature Information
Regulation ASIC, FCA
Minimum deposit from $250
Average spread from 0.1 pips
Commissions from $3.5 per side
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses None
Customer Support 24/6

 

Globex360

 

Min Deposit

USD 100

Regulators

FSCA

Trading Platform

MT4

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overview

Established in 2017, Globex360, even as a young broker and a new player in the forex trading industry, has started making a name for itself in the industry through its comprehensive trading solutions.

 

Traders are provided with access to a variety of financial instruments, competitive trading conditions, and access to MetaTrader 4 through which trades can be executed seamlessly.

 

Pros and Cons

PROS CONS
Regulated broker Clients from US, Belgium and Canada not allowed
Copy trading platform offered Limited trading instruments
Islamic accounts provided Not the lowest spreads or commissions
MetaTrader 4 offered Limited payment methods supported
FIX API offered No Live Chat function or support

 

Features

Feature Information
Regulation FSCA
Minimum deposit from $100
Average spread from 1.2 pips
Commissions from $8
Deposit/Withdrawal Fees Some fees may apply
Maximum Leverage 1:500
Bonuses None
Customer Support 24/5

 

City Index

 

Min Deposit

USD 0

Regulators

FCA

Trading Platform

MT4, WebTrader

Crypto

Yes

Total Pairs

84

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Overview

City Index is an Australia, UK, UAE, and Singapore-based STP and ECN broker that has been in operation since 1983, offering its services to more than 150,000 traders the trade-in over 12,000 financial instruments.

 

Through the years in operation, since its inception, City Index has earned the trust of its traders and this is further established by the reliable trade execution speeds, award-winning platforms, and innovative technology offered.

 

Pros and Cons

PROS CONS
Advanced platforms and tools Fixed spreads not offered
Negative balance protection offered US Clients not allowed
Strictly regulated Limited payment methods supported
Tight spreads, low fees, and superior execution speeds
Trading signals provided

 

Features

Feature Information
Regulation ASIC, FCA, MAS
Minimum deposit from $100
Average spread from 0.5 pips
Commissions from $0
Deposit/Withdrawal Fees Some fees may apply
Maximum Leverage 1:500
Bonuses None
Customer Support 24/5

 

Olymp Trade

 

Min Deposit

USD 10

Regulators

IFC

Trading Platform

Proprietary Platform

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Overview

Olymp Trade has been operating since 2014 and is an STP broker based in Saint Vincent and the Grenadines, offering traders from around the world the trade in a range of financial instruments.

 

In addition, Zimbabwean traders can also expect a range of educational resources and materials, trading signals, and analysis, and access to dedicated 24/7 multilingual customer support.

 

Pros and Cons

PROS CONS
Low minimum deposit requirement No MetaTrader
Market news as well as analysis No regulation
Multilingual customer support available 24/7 Social trading not offered

 

Features

Feature Information
Regulation None
Minimum deposit from $10
Average spread from None charged
Commissions from 0.00400%
Deposit/Withdrawal Fees Some fees may apply
Maximum Leverage 1:500
Bonuses No
Customer Support 24/7

 

Land-FX

 

Min Deposit

USD 10

Regulators

FCA

Trading Platform

MT4, MT5, WebTrader

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overview

Land-FX was founded in 2008 and is a UK-based ECN and STP broker founded by a group of financial experts. The aim behind Land-FX’s offering is to cater for all traders across differing levels of trading experience, skills, knowledge, and styles.

 

In addition, there is a lot of focus placed on ensuring that the broker grows at a steady pace and that it remains technology and innovation-driven with the aim to become an industry leader.

 

Pros and Cons

PROS CONS
Well-regulated US Clients not allowed
PAMM Accounts offered Limited trading instruments
Social trading supported through ZuluTrade Individual stock trading and cryptocurrencies not offered
Multiple payment options Lack of education

 

Features

Feature Information
Regulation FCA, SVGFSA, FMA
Minimum deposit from $300
Average spread from 0.0 pips on EUR/USD
Commissions from $0 – $6
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses Yes
Customer Support 24/5

 

Grand Capital

 

Min Deposit

USD 10

Regulators

FinCom

Trading Platform

MT4, MT5, WebTrader

Crypto

Yes

Total Pairs

50

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overview

Grand Capital has been in operation since 2006 and is a Russian-based Market Maker and ECN broker that is regulated by FinaCom.

 

With Grand Capital, Zimbabwean traders can expect access to more than 330 financial instruments which can be traded, access to a variety of account options including managed accounts, and multilingual customer support.

 

Pros and Cons

PROS CONS
Powerful and intuitive trading platforms offered USA and Japan clients not accepted
Variety of funding methods supported Lack of regulation
RAMM and LAMM Accounts offered Lack of education
Multilingual customer support Incomprehensive market analysis

 

Features

Feature Information
Regulation FinaCom
Minimum deposit from $10
Average spread from 0.4 pips on ECN Prime
Commissions from $5
Deposit/Withdrawal Fees Some fees may apply
Maximum Leverage 1:500
Bonuses Yes
Customer Support 24/5

 

AM Broker

 

Min Deposit

USD 1000

Regulators

SVGFSA

Trading Platform

MT5

Crypto

Yes

Total Pairs

100+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overview

AM Broker is headquartered in Saint Vincent and the Grenadines and has been in operation since 2018, offering traders from around the world with the trade in forex, commodities, indices, shares, and funds.

 

Pros and Cons

PROS CONS
Three account types to choose from Limited account funding options
Competitive trading conditions offered EU and US clients are not accepted
Trading tools offered Only one type of retail account offered
Education provided

 

Features

Feature Information
Regulation FSA SVG
Minimum deposit from $100
Average spread from 0.0 pips
Commissions from 0.01 USD
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses Yes
Customer Support 24/7

 

Axi

 

Min Deposit

USD 0

Regulators

ASIC, FCA, DFSA

Trading Platform

MT4

Crypto

Yes

Total Pairs

140+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overview

Axi is a reputable and popular ECN and STP broker that is based in Australia and the United Kingdom, with respective regulation and authorisation to provide trading solutions and services to traders from around the world.

Axi was established by traders with the purpose of offering others with the best trading solutions possible, and to help others achieve their trading goals and objectives.

 

Pros and Cons

PROS CONS
Strict regulation US clients not allowed
Accounts are commission-free Fixed spreads not offered
MetaTrader 4 NextGen provided EU-clients restricted on leverage offered
Access provided to AutoChartist and PsyQuation

 

Features

Feature Information
Regulation ASIC, FCA
Minimum deposit from $0
Average spread from 0.0 pips
Commissions from $7 per round turn
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses None
Customer Support 24/5

 

SuperForex

 

Min Deposit

USD 1

Regulators

IFSC

Trading Platform

MT4

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overview

SuperForex was founded in 2013 and is an ECN and STP broker based in Belize and is regulated as well as authorized with the IFSC. SuperForex works with the goal to exceed the expectation of its customers by providing both quality and innovative online trading services and solutions.

 

There are more than 200,000 traders from 150 countries who have registered an account with SuperForex, making use of its competitive trading conditions that consist of competitive spreads, high leverage, and a low minimum deposit requirement.

 

Pros and Cons

PROS CONS
MetaTrader 4 offered Offshore regulation
Social trading supported US clients not welcome
Managed accounts offered Only one trading platform offered
Multiple trading tools offered Spreads are not the tightest
Variety of account types offered

 

Features

Feature Information
Regulation IFSC
Minimum deposit from $1
Average spread from Variable
Commissions from None
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:1000
Bonuses Yes
Customer Support 24/5

 

Pepperstone

 

Min Deposit

USD 0

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Platform

MT4, MT5, cTrader, TradingView

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overview

Pepperstone has been in operation since 2010 and it is one of the largest STP and ECN brokers in the trading industry, offering traders from around the world with a safe and dynamic trading environment, the trade of a variety of financial instruments spread across several asset classes, and use of powerful trading platforms.

 

As a well-established broker, Pepperstone offers traders some of the best trading conditions, award-winning customer support, and numerous social trading opportunities.

 

Pros and Cons

PROS CONS
Well-regulated No US clients
Award-winning customer support No fixed spread accounts
Competitive trading conditions
Social trading offered
Hedging and scalping allowed

 

Features

Feature Information
Regulation ASIC, FCA, DFSA
Minimum deposit from $200
Average spread from 1 pip
Commissions from AU$3.5
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses Yes
Customer Support 24/5

 

Trader’s Way

 

Min Deposit

USD 10

Regulators

Not Regulated

Trading Platform

MT4, MT5, cTrader

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overview

As an ECN and STP broker, Trader’s Way offers traders with a variety of financial instruments which can be traded through MetaTrader 4, MetaTrader 5, or cTrader.

 

With Trader’s Way, traders are also offered with commission-free options, free VPS access, and an array of trading tools that can be used to refine trades and hone trading skills.

 

Pros and Cons

PROS CONS
Fixed spread accounts offered Broker not regulated
Commission-free accounts offered US clients not allowed
ECN broker UK clients not allowed
Free VPS access Limited non-Forex instruments offered

 

Features

Feature Information
Regulation None
Minimum deposit from $5
Average spread from 0 pips
Commissions from $0 – $3
Deposit/Withdrawal Fees Some fees may apply
Maximum Leverage 1:1000
Bonuses Yes
Customer Support 24/5

 

Tickmill

 

 

Overview

Tickmill is a reputable and well-regulated ECN and STP broker which is based in the UK, Cyprus, and Seychelles, offering traders from around the world comprehensive trading solutions.

 

Zimbabwean traders can also expect competitive trading conditions, a range of tradable instruments, and powerful trading platforms through which these trades can be executed.

 

Pros and Cons

PROS CONS
Strictly regulated by multiple regulatory entities US Clients not allowed
Commission-free trading offered Fixed spreads not offered
Variety of trading tools offered Cryptocurrency trading not supported
Variety of financial instruments
Powerful trading platforms supported

 

Features

Feature Information
Regulation FCA, CySEC, FSA
Minimum deposit from $100
Average spread from 0.0 pips
Commissions from From $1
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses Yes
Customer Support 24/5

 

XTB

 

Min Deposit

USD 0

Regulators

FCA, CySEC, IFSC, KNF

Trading Platform

MT4, xStation

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overview

XTB is a large, multi-regulated, and reputable STP, ECN, and DMA broker along with being one of few brokers listed on a stock exchange.

 

With XTB, traders can expect the trade of a variety of forex and CFD instruments. XTB is also dedicated to helping its traders every step of the way in achieving their trading goals and objectives.

 

Pros and Cons

PROS CONS
Strict regulation US clients not allowed
Competitive trading conditions offered EU clients restricted to leverage of 1:30
Negative balance protection offered Fixed spreads not offered
Variety of financial instruments
Islamic Account provided as a standalone account

 

Features

Feature Information
Regulation ACPR, BaFin, CNMV, FCA, IFSC, KNF
Minimum deposit from $250
Average spread from 0.1 pips
Commissions from $3.50
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses None
Customer Support 24/5

 

AvaTrade

 

 

Overview

AvaTrade is one of the most popular, multi-award-winning, and multi-regulated brokers in the industry. Its popularity is attributed to its comprehensive trading solutions and services offered to traders from around the world.

 

With AvaTrade, Zimbabwean traders are offered with competitive trading conditions, more than 250 financial instruments which can be traded, and competitive and fixed spreads.

 

Traders can also expect a plethora of trading opportunities with AvaTrade including social trading opportunities. AvaTrade also supports the use of user-friendly, flexible trading platforms through which trades can be executed.

 

Pros and Cons

PROS CONS
Multi-regulated through reputable regulatory entities No US clients
Award-winning broker Variable spread accounts not offered
Fixed and tight spreads from 0.9 pips Only one account type is offered for retail and professional traders
Zero-commission trading
Variety of trading platforms and social trading through ZuluTrade

 

Features

Feature Information
Regulation ASIC, BVI, CBI, FFAJ, FSA, FSCA
Minimum deposit from $100
Average spread from 0.9 pips
Commissions from $0
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses Yes
Customer Support 24/5

 

Blackbull Markets

 

Min Deposit

USD 0

Regulators

FMA, FSA

Trading Platform

MT4, MT5, WebTrader, FIX, API

Crypto

Yes

Total Pairs

64+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overview

Blackbull Markets has been in operation since 2014 and is an award-winning online broker headquartered in New Zealand, offering the trade in a variety of CFD and forex instruments.

 

Traders are also offered a variety of trading instruments spread across forex, commodities, indices, energies, and CFDs.

 

Pros and Cons

PROS CONS
Strictly regulated US clients not allowed
Commission-free trading offered Fixed spread accounts not provided
Access to Prime liquidity providers Limited trading tools offered
Cryptocurrency trading not offered

 

Features

Feature Information
Regulation FSPR
Minimum deposit from $200
Average spread from 0.1 pips
Commissions from From $6
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:500
Bonuses None
Customer Support 24/5

 

Exness

 

Min Deposit

USD 10

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

Trading Platform

MT4, MT5, WebTerminal, Exness Terminal

Crypto

Yes

Total Pairs

97

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overview

Exness has been in operation since 2008 and is a reputable broker that is well-regulated by reputable entities in facilitating the trade of a variety of financial instruments.

Traders can expect a variety of financial instruments which are spread across several asset classes. Traders are also offered with competitive trading conditions, a range of tools, and dedicated customer support.

 

Pros and Cons

PROS CONS
Strictly regulated US Clients not allowed
High maximum leverage offered Accounts are not multi-currency
Variety of financial instruments
Powerful trading platforms supported

 

Features

Feature Information
Regulation CySEC, FCA, SFSA
Minimum deposit from $1
Average spread from 0.0 pips
Commissions from From $3.5 per lot per side
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:2000
Bonuses None
Customer Support 24/5

 

NordFX

 

Min Deposit

USD 10

Regulators

Saint Lucia

Trading Platform

MT4, MT5, MetaTrader Multiterminal

Crypto

Yes

Total Pairs

30+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overview

Established in 2008, NordFX is a VFSC and CySEC-regulated STP, ECN, and NDD broker that offers traders from around the world with competitive trading fees, fast trade execution speeds, flexible trading accounts, and the use of powerful trading platforms through which trades can be executed.

 

Pros and Cons

PROS CONS
Strictly regulated Limited financial instruments
High leverage up to 1:1000 Lack of daily market analysis
Low minimum deposit requirements Social trading not offered
PAMM Accounts offered US clients not allowed
Discounted VPS access offered

 

Features

Feature Information
Regulation VFSC, CySEC
Minimum deposit from $10
Average spread from 0.0 pips
Commissions from 0.0035%
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:1000
Bonuses None
Customer Support 24/5

 

Vantage FX

 

Min Deposit

USD 50

Regulators

CIMA, SIBL, ASIC

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

38

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overview

Vantage FX is an ECN and STP broker with strict regulation and authorization through CIMA, SIBL, FCA, and ASIC in facilitating trade in a variety of global financial markets.

 

Zimbabwean traders are provided with a choice in flexible, dynamic account types, commission-free trading options, and an array of social trading opportunities.

 

Pros and Cons

PROS CONS
Well-regulated No US Clients
Over 300 financial instruments No fixed spread accounts
Commission-free trading offered

 

Features

Feature Information
Regulation FCA, ASIC, CIMA, SIBL
Minimum deposit from $200
Average spread from 0.0 pips
Commissions from $2
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses Yes
Customer Support 24/5

 

You might also like: BEST FOREX BROKERS IN MOROCCO

 

Frequently asked questions

 

What is forex trading?

Forex trading involves the buying/selling of currencies on the foreign exchange, or forex, market.

 

Which forex brokers are the best?

The brokers on the list provided are some of the best, reputable brokers in the industry offering their services to Zimbabwean traders.

 

Can beginners trade in forex?

Yes, anyone can start trading in forex. Beginners are, however, urged to ensure that they familiarise themselves with educational material materials, resources, and tools available before they start trading.

 

Do these forex brokers offer demo accounts?

Yes. These brokers offer traders with demo accounts.

 

Is forex trading legal in Zimbabwe?

Yes. However, there is no regulatory framework for forex trading and thus, traders must ensure that they only make use of regulated and reputable forex brokers.

 

4.9/5 - (25 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

May 6, 2024

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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