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 address | seczim@seczim.co.zw |
🖱️ SEC Official Website | https://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.
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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
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
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.
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