5 Best Forex Brokers in Zambia
Last Update: June 26th, 2024
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 – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Traders in Zambia | 💷 Min. Deposit (ZMW) |
| 🥇 AvaTrade | 👉 Click Here | ✅Yes | 2654,87 |
| 🥈 Exness | 👉 Click Here | ✅Yes | 265,49 |
| 🥉 HF Markets | 👉 Click Here | ✅Yes | None |
| 🏅 Pepperstone | 👉 Click Here | ✅Yes | 3498,58 |
| 🎖️ IC Markets | 👉 Click Here | ✅Yes | 5309,73 |
5 Best Forex Brokers in Zambia (2024)
- AvaTrade – Overall, the Best Forex Broker in Zambia
- Exness – Best Overall User Experience
- HF Markets – Best MetaTrader Forex Broker
- Pepperstone – Best Online Trading Experience
- IC Markets – Best Mobile Trading Experience
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 Deposit | 100 USD |
| 🖱️ Account Types | Retail, Islamic, Professional |
| 🪙 Base Currencies | ZAR, USD, GBP, AUD |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes, referral bonus |
| ⏰ Support Hours | 24/5 |
| 💵 Currency Pairs | 51; Major, Minor, Exotic Pairs |
| 🤝 Affiliate Program | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Over 1,260 instruments | Inactivity fees on dormant accounts |
| Fixed spreads from 0.6 pips on the Pro Account | The demo account is available for 21 days |
| Islamic Account | Deposit and withdrawal options are limited |
| There is a free demo account available | Leverage 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
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 Deposit | 10 USD |
| 📈 Spreads | From 0.0 pips EUR |
| 📉 Leverage | Unlimited |
| 🪙 Currency Pairs | 100+ |
| 🤝 Affiliate Program | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Flexible trading accounts | Demo account is only valid for 21 days |
| Well-regulated + Comprehensive fund protection | Limited product portfolio |
| Powerful trading platforms | Country Restrictions |
Our Insights
The benefits of trading with Exness include multiple security measures, including two-factor authentication.
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 Licenses | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | ✅Yes |
| ⏰ Support Hours | 24/5 |
| ⚙️ Trading Platforms | MT4, MT5, HFM Trading App |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Top-tier Regulation | Regional constraints |
| Segregated Accounts for Client Funds | Inactivity fees |
Our Insights
The benefits of trading with HF Markets include access to Powerful Encryption Technology and the segregation of client funds.
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 Year | 2010 |
| 📉 Regulation and Licenses | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | ✅Yes |
| ⏰ Support Hours | 24/7 |
| 📊 Trading Platforms | TradingView, MetaTrader 4, MetaTrader 5, cTrader, Capitalise.ai |
| 📌 Account Types | Standard Account, Razor Account |
| 🪙 Base Currencies | USD, GBP |
| 📍 Spreads | From 0.0 pips EUR/USD on the Razor Account |
| 💹 Leverage | 1:500 (Pro), 1:200 (Retail) |
| 💴 Currency Pairs | 70, minor, major, and exotic pairs |
| 💵 Minimum Deposit | AU$200 |
| 💶 Inactivity Fee | None |
| 🥰 Website Languages | English, Spanish, Russian, Chinese, Vietnamese, Arabic, Indonesian, Italian, French, Laotian, German, Polish |
| 💷 Fees and Commissions | Spreads from 0.0 pips, commissions from AU$7 |
| 🤝 Affiliate Program | ✅Yes |
| ❌ Banned Countries | United States, Canada, Iran, Japan, Iraq, Zimbabwe, Yemen, and others |
| 📈 Scalping | ✅Yes |
| 📉 Hedging | ✅Yes |
| 📐 Trading Instruments | Forex, commodities, indices, currency indices, cryptocurrencies, shares, ETFs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fully digital account opening | Mostly CFDs offered |
| Great customer service | Basic Trading Platforms |
Our Insights
The benefits of trading with Pepperstone include access to a referral bonus and an active trader program.
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.
Pros and Cons
| ✅Pros | ❌Cons |
| Affordable forex and CFD trading costs | High minimum deposit requirement |
| Comprehensive education and research | No investor protection for non-EU customers |
Our Insight
The benefits of trading with IC Markets include access to Social and Copy Trading.
Is Forex Trading Legal in Zambia?
Forex Trading in Zambia is legal and regulated by the Bank of 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.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker >> |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> |
| 6 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker >> |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker >> |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit 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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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.
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