5 Best Forex Brokers in Zambia
We’ve listed the 5 Best Forex Brokers in Zambia that provide safe and reliable access to global forex markets. Forex trading in Zambia is legal and operates under the oversight of the Bank of Zambia (BoZ) and the Securities and Exchange Commission (SEC Zambia) 🇿🇲. While local regulation is still developing, Zambian traders can trade through internationally regulated brokers that comply with top-tier authorities such as the FCA, ASIC, and CySEC. These brokers offer tight spreads, fast trade execution, and ZMW or USD-based accounts, along with multilingual customer support. Zambian traders can access forex, stocks, indices, commodities, and cryptocurrencies under secure and transparent trading conditions, supported by robust global regulatory standards.
5 Best Forex Brokers in Zambia (2026)
- FXTM – Overall, the Best Forex Broker in Zambia.
- AvaTrade – Unique “AvaProtect” feature allows traders to protect trades from losses.
- Pepperstone – Multiple account types suitable for both beginners and experienced traders.
- Eightcap – Access to over 800 CFDs across forex, indices, commodities, and cryptocurrencies.
- BlackBull Markets – Excellent client satisfaction and reputation for fast execution and reliability.
1. FXTM
FXTM operates as a globally regulated Forex broker under authorities such as 🇬🇧 FCA, 🇲🇺 FSC, 🇦🇪 SCA, and 🇰🇪 CMA. Although FXTM is not locally licensed in Zambia, it legally accepts Zambian traders through its international entities, offering secure access to global markets under reputable oversight.
| Feature | Summary |
| Regulation | 🇬🇧 FCA 🇲🇺 FSC 🇦🇪 SCA 🇰🇪 CMA |
| Zambian Access | Accepts Zambian traders via offshore entities |
| Platforms | MT4 MT5 WebTrader |
| Minimum Deposit | 200 USD |
| Leverage | Up to 1:3000 |
| Spreads | From 0.1 pips |
| Education | Strong local focus with webinars and training |
| Support | Multilingual, Africa focused assistance |
 | Minimum Deposit: $200 Regulated by: FCA, CMA, FSC, SCA Crypto: Yes |
Frequently Asked Questions
Is FXTM regulated for Zambian traders?
Yes. FXTM is regulated by 🇬🇧 FCA, 🇲🇺 FSC, 🇦🇪 SCA, and 🇰🇪 CMA. While not registered in Zambia, it operates under trusted international oversight, providing Zambian traders with a secure and compliant trading environment.
Can traders in Zambia open an account with FXTM?
Yes. FXTM openly accepts traders from Zambia. Clients can register online, fund their accounts through local or international methods, and start trading major instruments under globally recognized regulatory protection.
| Minimum Deposit: $200 Regulated by: FCA, CMA, FSC, SCA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strong global regulation | No local Zambian license |
| Low spreads and fast execution | Withdrawal fees vary |
| Local payment options available | Limited crypto selection |
| Excellent educational resources | Some bonuses limited by region |
| High leverage up to 1:3000 | Not ideal for high-frequency scalpers |
Our Insights
FXTM stands out as a globally trusted broker that welcomes Zambian traders under strong international regulation. It offers excellent trading conditions, flexible account options, and education tailored for African markets, making it one of the most accessible and reliable choices for traders in Zambia.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐☆☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐⭐ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
2. AvaTrade
The broker AvaTrade operates under multiple major regulatory licences globally. It holds approvals with 🇮🇪 CBI, 🇦🇺 ASIC, 🇿🇦 FSCA, and others. While it has no direct Zambian licence, it welcomes international clients, including traders in Zambia.
| Feature | Summary |
| Regulation | 🇮🇪 CBI 🇦🇺 ASIC 🇿🇦 FSCA 🇻🇬 BVI FSA |
| Zambia Access | Accepts Zambian traders via international entity |
| Instruments | Forex, CFDs on stocks, indices, commodities, crypto |
| Minimum Deposit | 100 USD |
| Account Protection | Segregated client funds, negative balance protection |
 | Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes |
Frequently Asked Questions
Is AvaTrade regulated for traders in Zambia?
Yes, AvaTrade holds licences with top-tier regulators such as the CBI, ASIC, and FSCA, ensuring strong oversight. Even though it lacks a Zambian-specific licence, its global regulation provides credible protection.
Can traders based in Zambia open an account with AvaTrade?
Yes, traders in Zambia can open an account with AvaTrade’s internationally regulated entity. They may trade forex and CFDs under global licence conditions, subject to terms for their region.
| Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strong global regulation | No local Zambian licence |
| Low minimum deposit | Some features vary by jurisdiction |
| Wide instrument choice | Fixed spreads sometimes higher than peers |
| Risk-management tools offered | Bonuses and promotions limited by region |
| Good educational resources | Withdrawals may have restrictions depending on method |
Our Insights
AvaTrade offers Zambian traders access to a well-regulated global broker with a broad market offering, manageable entry cost, and decent client protections. While the absence of a Zambian licence requires caution, its regulatory pedigree and service features make it a viable choice for many traders in Zambia.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
3. Pepperstone
Pepperstone holds licences from multiple leading regulators, including 🇬🇧 FCA, 🇦🇺 ASIC, 🇨🇾 CySEC, 🇩🇪 BaFin, and 🇰🇪 CMA. It does not hold a local licence in Zambia, but it accepts Zambian residents through its international entities, providing secure access to global markets.
| Feature | Summary |
| Regulation | 🇬🇧 FCA 🇦🇺 ASIC 🇨🇾 CySEC 🇩🇪 BaFin 🇰🇪 CMA |
| Zambia Access | No local licence; accepts international traders |
| Typical Features | Ultra‑tight spreads, multiple platforms (MT4, MT5, cTrader) |
| Leverage | Up to 1:500 (varies by entity) |
| Execution Model | ECN‑style with segregated funds |
 | Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes |
Frequently Asked Questions
Is Pepperstone properly regulated for traders in Zambia?
Yes. Pepperstone is regulated by several top authorities worldwide, including 🇬🇧 FCA, 🇦🇺 ASIC, 🇨🇾 CySEC, 🇩🇪 BaFin, and 🇰🇪 CMA. Although it lacks a Zambia‑specific licence, its global regulation applies to international clients.
Can a trader based in Zambia open an account with Pepperstone?
Yes. Zambian residents can register under Pepperstone’s international entities. Traders should verify which regulatory entity applies and review deposit and withdrawal options before opening an account.
| Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Top‑tier global regulation | No Zambian‑specific licence |
| Very low spreads possible | Account protection depends on entity |
| Multiple platforms including cTrader | Funding and withdrawals may require international transfers |
| Accepts several account types | Bonuses limited in many regions |
| Strong execution performance | Leverage varies by entity and region |
Our Insights
Pepperstone offers Zambian traders a strong choice with tight spreads, advanced platforms, and trusted global regulation. While it lacks a local licence, it provides secure international access. Traders should confirm the entity and funding options to ensure smooth operations.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐☆☆ |
Top 3 Forex Brokers in Zambia – Compared
| Broker |  |  |  |
| Minimum Deposit | 200 USD | 100 USD | AU$10 |
| Fund Withdrawal Fee | Varies by method and account type | None | None |
| Spreads From | 0.1 pips | 0.9 pips | 0.0 pips |
| Spread Type | Variable Floating | Fixed Variable | Variable |
| Commissions | Variable; often zero for Standard accounts | None | On Razor accounts |
| Swap Fees | Daily fees after a certain time period | Applicable | Yes |
| Leverage | Up to 1:3000 | Up to 1:400 | 1:500 (Pro) 1:200 (Retail) |
| Margin Requirements | Varies by instrument and account type | Varies by account type and instrument | Varies |
| Regulation | 🇬🇧 FCA 🇰🇪 CMA 🇲🇺 FSC 🇦🇪 SCA | 🇮🇪 CBI 🇻🇬 BVI 🇲🇺 FS 🇦🇺 ASIC 🇿🇦 FSCA 🇯🇵 JFSA 🇯🇵 FFAJ | 🇦🇺 ASIC 🇩🇪 BaFin 🇰🇪 CMA 🇨🇾 CySEC 🇦🇪 DFSA 🇬🇧 FCA 🇧🇸 SCB |
| Open an Account |  | | |
4. Eightcap
Eightcap operates under reputable global regulators, including 🇦🇺 ASIC, 🇬🇧 FCA, 🇨🇾 CySEC, and 🇧🇸 SCB. It lacks a Zambia‑specific licence but generally accepts international clients, which suggests Zambian traders can sign up under its global entities.
| Feature | Summary |
| Regulation | 🇦🇺 ASIC 🇬🇧 FCA 🇨🇾 CySEC 🇧🇸 SCB |
| Zambia Access | No local Zambian licence; global access likely |
| Trading Offer | 800+ instruments including Forex, CFDs, crypto |
| Minimum Deposit | Around 100 USD or equivalent |
| Platform | MT4, MT5, TradingView supported |
 | Minimum Deposit: $100 Regulated by: ASIC, FCA, CySEC, SCB Crypto: Yes |
Frequently Asked Questions
Is Eightcap properly regulated for traders in Zambia?
Yes. Eightcap holds licences with major regulators such as 🇦🇺 ASIC, 🇬🇧 FCA, 🇨🇾 CySEC, and 🇧🇸 SCB, which provide strong safeguards. Although it does not have a Zambian licence, these global regulations cover many international clients.
Can a trader based in Zambia open an account with Eightcap?
Likely yes. Eightcap accepts clients from numerous countries through its global entities. Zambian traders can open an account, but they should confirm the exact regulatory entity and check the deposit/withdrawal logistics relevant to Zambia.
| Minimum Deposit: $100 Regulated by: ASIC, FCA, CySEC, SCB Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Multi‑jurisdiction regulation | No Zambia‑specific regulatory approval |
| Access to many asset classes | Withdrawals and deposits may rely on international methods |
| Low minimum deposit | Leverage and protections vary by entity |
| Supports major trading platforms | Regional support and localization may be limited |
| Transparent conditions and competitive costs | No fixed spread or guaranteed bonus across accounts |
Our Insights
Eightcap offers Zambian traders a compelling option thanks to its strong global regulation, accessible entry conditions, and broad market access. While the absence of a Zambian licence calls for due diligence, the broker’s transparent structure and modern tools make it a viable choice for many traders in Zambia.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐☆☆ |
5. BlackBull Markets
BlackBull Markets holds regulation through 🇳🇿 FMA New Zealand and 🇸🇨 FSA Seychelles. The broker lacks a Zambian licence but operates internationally and generally accepts traders from Zambia under its global entity.
| Feature | Summary |
| Regulation | 🇳🇿 FMA New Zealand, 🇸🇨 FSA Seychelles |
| Zambia Access | No Zambian licence; global entity may accept |
| Trading Instruments | 26 000+ instruments including forex, stocks, CFDs |
| Account Conditions | Low standard deposit, high leverage available |
| Client Fund Protection | Segregated accounts with tier‑one banks |
 | Minimum Deposit: $0 Regulated by: FMA Crypto: Yes |
Frequently Asked Questions
Is BlackBull Markets regulated for traders in Zambia?
BlackBull Markets is regulated by 🇳🇿 FMA and 🇸🇨 FSA, but not by a Zambian authority. Its international regulation still provides safeguards for global clients, including Zambian traders.
Can a trader from Zambia open an account with BlackBull Markets?
Yes, Zambian traders can open an account through its global entity. They should verify the regulatory entity, funding and withdrawal options, and confirm that Zambia is allowed under the broker’s compliance policies.
| Minimum Deposit: $0 Regulated by: FMA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Large instrument range beyond forex | No dedicated Zambian regulatory licence |
| Competitive spreads and execution | Regional support and localization limited |
| High leverage available | Regulatory protection weaker than top‑tier |
| Modern trading platforms and tools | Deposit/withdrawal may require international transfers |
| Segregated funds and transparent infrastructure | Bonuses and promotions may be restricted by region |
Our Insights
BlackBull Markets offers Zambian traders wide market access and professional trading infrastructure under trusted international regulation. While it lacks a local licence, it accepts many global clients and provides a strong option for knowledgeable traders in Zambia who perform due diligence.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
5 Best Forex Brokers in Zambia – Head to Head
| Strong presence in Africa, offering localized support and payment options for Zambian traders. | |  |
| Wide range of tradable assets including forex, stocks, indices, commodities, and crypto. | | |
| Supports MT4, MT5, cTrader, and TradingView for versatile trading options. | | |
 | Offers cost-effective trading with no deposit or withdrawal fees in most cases. | | |
 | Excellent client satisfaction and reputation for fast execution and reliability. | | |
Forex Trading in Zambia – Quick Overview
Forex trading in Zambia is legal but largely unregulated at a domestic level. The Bank of Zambia (BoZ) and the Securities and Exchange Commission (SEC Zambia) oversee financial markets, but they do not fully regulate retail forex brokers.
Zambian traders often access global brokers regulated internationally. Forex trading offers opportunities in currencies, commodities, indices, and cryptocurrencies, with platforms supporting both beginners and professional traders. Traders must carefully choose regulated brokers and understand the risks involved.
Pros and Cons of Forex Trading in Zambia
| ✓ Pros | ✕ Cons |
| Legal and accessible | Limited local regulation |
| Access to global brokers | High leverage increases risk |
| Diverse instruments | Some brokers may be unregulated |
| Flexible trading platforms | Potential withdrawal challenges |
| Educational resources widely available | Market volatility can be high |
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In Conclusion
Zambian traders can access the global forex market safely through internationally regulated brokers. While local regulation is limited, the market offers diverse instruments, flexible trading platforms, and high growth potential. Caution and education are essential for managing risks and achieving long-term success.
Faq
Yes, forex trading is legal. Zambian traders can participate through international brokers, although no domestic retail forex licence exists.
The Bank of Zambia and SEC Zambia oversee financial activities, but most retail brokers rely on international regulation.
Yes. Many top-tier brokers accept Zambian clients under their international entities.
Traders can trade forex pairs, commodities, indices, stocks, and cryptocurrencies through international brokers.
Yes. Forex involves high risk due to leverage, market volatility, and unregulated local oversight. Proper risk management is essential.
