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5 Best Forex Brokers in Zambia

Best Forex Brokers in Zambia

 

The 5 Best Forex Brokers in Zambia – Rated and Reviewed. We have listed the Best Forex Brokers that accept Traders in Zambia.

 

In this in-depth guide, you will learn:

 

  • The Best Forex Brokers in Zambia – a List
  • Is Forex Trading Legal in Zambia?
  • How to Trade Forex in Zambia
  • Forex Brokers that Accept Mobile Money in Zambia
  • The Richest Forex Traders in Zambia
  • The Best Forex Trading App in Zambia
  • The Best Forex Broker for Beginners and Foreigners

 

and much, MUCH more!

 

5 Best Forex Brokers in Zambia

 

5 Best Forex Brokers in Zambia – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Traders in Zambia💷 Min. Deposit (ZMW)
🥇 AvaTrade👉 Click Here✅Yes2654,87
🥈 Exness👉 Click Here✅Yes265,49
🥉 HF Markets👉 Click Here✅YesNone
🏅 Pepperstone👉 Click Here✅Yes3498,58
🎖️ IC Markets👉 Click Here✅Yes5309,73

 

5 Best Forex Brokers in Zambia (2024)

 

  1. AvaTrade – Overall, the Best Forex Broker in Zambia
  2. Exness – Best Overall User Experience
  3. HF Markets – Best MetaTrader Forex Broker
  4. Pepperstone – Best Online Trading Experience
  5. IC Markets – Best Mobile Trading Experience

 

AvaTrade Review New

 

AvaTrade

AvaTrade is among the highest regulated and trusted Forex Brokers in Southern Africa. Regulations include ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, and, the JFSA. Accounts include Retail, Islamic, and, Professional. In addition, a Demo Account is available. In addition, notable Benefits, Factors, and Features to consider include:

 

  • Occasional Bonus Offers and Promotions
  • Multiple Base Currencies including ZAR, USD, GBP, and, AUD
  • Spreads from 0.6 Pips
  • Leverage of up to 1:400
  • Access to over 50 Currency Pairs, including Major, Minor, and Exotic
  • 24/5 Customer Support
  • 100 USD Minimum deposit
  • Zero Commissions are Charged
  • Social Trading via AvaSocial, DupliTrade, and, ZuluTrade

 

Trading Instruments include Forex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Precious Metals, and, the CFDs. AvaTrade supports AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, and, MetaTrader 5.

 

🔎 Broker🥇 AvaTrade
💴 Minimum Deposit100 USD
🖱️ Account TypesRetail, Islamic, Professional
🪙 Base CurrenciesZAR, USD, GBP, AUD
5️⃣ Ease of Use Rating4/5
🎁 Bonuses✅ Yes, referral bonus
⏰ Support Hours24/5
💵 Currency Pairs51; Major, Minor, Exotic Pairs
🤝 Affiliate Program✅ Yes
🚀 Open an Account
👉 Click Here

 

AvaTrade Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Over 1,260 instrumentsInactivity fees on dormant accounts
Fixed spreads from 0.6 pips on the Pro AccountThe demo account is available for 21 days
Islamic AccountDeposit and withdrawal options are limited
There is a free demo account availableLeverage is capped at 1:30 for retail accounts

 

Our Insights

The Benefits of trading with AvaTrade include access to AvaSocial, a proprietary social Trading community.

 

Exness Review

 

Exness

Exness is a well-regulated and highly trusted Forex and Financial Services Provider. Regulations include FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, and, the CMA. Accounts available are Standard, Standard Cent, Raw Spread, Zero, and, Pro. Moreover, Islamic, Swap-Free, and Demo Options are available. In addition, notable Benefits, Factors, and Features to consider include:

 

  • Spreads from 0.0 Pips
  • Unlimited Leverage
  • Over 100 Currency Pairs
  • An inactivity Fee is Charged
  • A Commission Fee is charged
  • No inactivity fee is charged

 

Trading Instruments include Forex, Commodities, Stocks, Indices, and, Cryptocurrencies. Exness supports MetaTrader 4 and MetaTrader 5. In addition, a Proprietary Mobile App is available.

 

🔎 Broker🥇 Exness
💴 Minimum Deposit10 USD
📈 SpreadsFrom 0.0 pips EUR
📉 LeverageUnlimited
🪙 Currency Pairs100+
🤝 Affiliate Program✅Yes
🚀 Open an Account
👉 Click Here

 

Exness Review

 

Pros and Cons

 

✅ Pros❌ Cons
Flexible trading accountsDemo account is only valid for 21 days
Well-regulated + Comprehensive fund protectionLimited product portfolio
Powerful trading platformsCountry Restrictions

 

Our Insights

The benefits of trading with Exness include multiple security measures, including two-factor authentication.

 

HFM Review

 

HF Markets

HF Markets is a trustworthy and highly regulated Forex and CFD Broker. Regulations include the FSCA, CySEC, DFSA, FSA, FCA, FSC, and, CMA. Accounts available include Cent, Zero, Pro, and, Premium. In addition, a Demo and Islamic, Swap-Free Account is available. In addition, notable Benefits, Factors, and Features to consider include:

 

  • Multiple Bonus Offers and Promotions
  • Several base currencies, including USD, EUR, NGN, and JPY
  • Leverage of up to 1:2000
  • Spreads from 0.0 Pips
  • Access to over 50 Currency Pairs
  • Multilingual Customer Support

 

Trading Instruments include Forex, Precious Metals, Energies, Indices, Shares, Commodities, Crypto CFDs, Bonds, and, ETFs. HFM supports MetaTrader 4 and MetaTrader 5. In addition, a proprietary mobile app is available.

 

🔎 Broker🥇 HFM
💴 Minimum Deposit$0
📌 Regulation and LicensesFSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
5️⃣ Ease of Use Rating5/5
🎁 Bonuses✅Yes
⏰ Support Hours24/5
⚙️ Trading PlatformsMT4, MT5, HFM Trading App
🚀 Open an Account
👉 Click Here

 

HFM

 

Pros and Cons

 

✅ Pros❌ Cons
Top-tier RegulationRegional constraints
Segregated Accounts for Client FundsInactivity fees

 

Our Insights

The benefits of trading with HF Markets include access to Powerful Encryption Technology and the segregation of client funds.

 

Pepperstone

 

Pepperstone

Pepperstone is a trustworthy and highly regulated Forex Broker that provides competitive spreads on Contracts for Difference (CFDs). Regulations include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and SCB. Accounts available are Standard and Razor. Moreover, a Demo Account is available. In addition, notable Benefits, Factors, and Features to consider include:

 

  • TradingView integration
  • USD and GBP Base Currencies
  • Spreads from 0.0 Pips
  • AU$200 Minimum Deposit
  • A Commission Fee is Charged
  • Access to an Affiliate Program
  • Scalping and Hedging are offered.

 

Trading Instruments include Forex, commodities, indices, currency indices, cryptocurrencies, shares, and, ETFs. Pepperstone supports MetaTrader 4 and MetaTrader 5, cTrader, and, Capitalise.ai.

 

🔎 Broker🥇 Pepperstone
📈 Established Year2010
📉 Regulation and LicensesASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
5️⃣ Ease of Use Rating5/5
🎁 Bonuses✅Yes
⏰ Support Hours24/7
📊 Trading PlatformsTradingView, MetaTrader 4, MetaTrader 5, cTrader, Capitalise.ai
📌 Account TypesStandard Account, Razor Account
🪙 Base CurrenciesUSD, GBP
📍 SpreadsFrom 0.0 pips EUR/USD on the Razor Account
💹 Leverage1:500 (Pro), 1:200 (Retail)
💴 Currency Pairs70, minor, major, and exotic pairs
💵 Minimum DepositAU$200
💶 Inactivity FeeNone
🥰 Website LanguagesEnglish, Spanish, Russian, Chinese, Vietnamese, Arabic, Indonesian, Italian, French, Laotian, German, Polish
💷 Fees and CommissionsSpreads from 0.0 pips, commissions from AU$7
🤝 Affiliate Program✅Yes
❌ Banned CountriesUnited States, Canada, Iran, Japan, Iraq, Zimbabwe, Yemen, and others
📈 Scalping✅Yes
📉 Hedging✅Yes
📐 Trading InstrumentsForex, commodities, indices, currency indices, cryptocurrencies, shares, ETFs
🚀 Open an Account
👉 Click Here

 

Pepperstone

 

Pros and Cons

 

✅ Pros❌ Cons
Fully digital account openingMostly CFDs offered
Great customer serviceBasic Trading Platforms

 

Our Insights

The benefits of trading with Pepperstone include access to a referral bonus and an active trader program.

 

IC Markets Review

 

IC Markets

IC Markets is a trusted Forex and CFD Services provider with a global reach. Regulations include ASIC, CySEC, FSA, and, the SCB. Accounts available are cTrader, Raw Spread, and, Standard. The minimum deposit is 200 USD. In addition, notable Benefits, Factors, and Features to consider include:

 

  • 24/7 Dedicated Customer Support
  • Multiple Base Currencies, including AUD, USD, and, NZD
  • Spreads from 0.0 Pips
  • Leverage of up to 1:500
  • Access to Over 60 Currency Pairs

 

Trading Instruments include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures. IC Markets support MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade.

 

IC Markets Overview

 

Pros and Cons

 

✅Pros❌Cons
Affordable forex and CFD trading costsHigh minimum deposit requirement
Comprehensive education and researchNo investor protection for non-EU customers

 

Our Insight

The benefits of trading with IC Markets include access to Social and Copy Trading.

 

Forex Trading in Zambia

 

Is Forex Trading Legal in Zambia?

Forex Trading in Zambia is legal and regulated by the Bank of Zambia.

 

Is Forex Trading Legal in Zambia?

 

In Conclusion

Forex Trading in Zambia has seen a notable rise in popularity. Moreover, it is legal and regulated by the Bank of Zambia.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewCySEC, MISA, FSCAUSD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>

 

Our Insight

While reviewing the Best Forex Brokers that accept Zambian Traders, we found 5 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.

 

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FAQs

Forex Trading in Zambia is legal and regulated by the Bank of Zambia.

The Bank of Zambia.

The Zambian Kwacha.

An Islamic, Swap-Free Account is available.

Regulations include ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, and, the JFSA.

Unlimited leverage is offered.

Regulations include FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, and, CMA.

HFM support MetaTrader 4 and MetaTrader 5.

A proprietary HFM Mobile App is available.

Over 70 Currency Pairs, including major, minor, and, exotic pairs.

The United States Dollar and the Great British Pound.

The IC Markets Minimum Deposit is 200 USD.

IC Markets provides 24/7 Customer Support.