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6 Best Forex Brokers in Zimbabwe

Zimbabwe

 

The 6 Best Forex Brokers in Zimbabwe – Rated and Reviewed. We have listed the Best Forex Brokers who accept traders from Zimbabwe.

 

In this in-depth guide you will learn:

 

  • The Best Forex Brokers in Zimbabwe – a List
  • Is Online Forex Trading Legal in Zimbabwe?
  • What is the Best Broker to Use for Zimbabweans?
  • The Best Forex Trading App in Zimbabwe
  • The Best Forex Brokers in ZI for Beginners and Foreigners
  • Who are the Successful Forex Traders in Zimbabwe?
  • Can I use Exness in Zimbabwe?

 

and much, MUCH more!

 

6 Best Forex Brokers in Zimbabwe

 

6 Best Forex Brokers in Zimbabwe – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Traders in Zimbabwe💷 Min. Deposit
🥇 Exness👉 Click Here✅Yes10 USD
🥈 AvaTrade👉 Click Here✅Yes100 USD
🥉 XTB👉 Click Here✅YesNone
🏅 FBS👉 Click Here✅Yes5 USD
🎖️ FP Markets👉 Click Here✅YesAU$ 100
🥇 CMC Markets👉 Click Here✅YesNone

 

6 Best Forex Brokers in Zimbabwe (2024)

 

  1. ☑️ Exness – Overall, the Best Forex Broker in Zimbabwe
  2. ☑️ AvaTrade – Best Overall Trading Experience
  3. ☑️ XTB – Best Mobile Trading Experience
  4. ☑️ FBS – Low USD Minimum Deposit
  5. ☑️ FP Markets – High User Trust Score
  6. ☑️ CMC Markets – Best Online Trading Experience

 

Exness Review

 

Exness

Exness is a highly trusted and well-established Forex, CFD, and, Financial Services Provider. Regulations include FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, and, the CMA. Exness has an ease of use rating of 5 out of 5. Account Types include Standard, Standard Cent, Raw Spread, Zero, and, Pro.

In addition Islamic, Swap-Free, and Demo Accounts are available. Exness supports MetaTrader 4, MetaTrader 5, Exness Terminal, and, anExness App.

 

🔎 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 access to powerful trading platforms and impressive customer support.

 

AvaTrade Review New

 

AvaTrade

AvaTrade is a licensed and established Forex and CFD Broker. It provides a full trading experience across various platforms and products. Regulations include ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, and JFSA. AvaTrade has an ease of use rating of 4 out of 5.

Accounts available are Retail and Promotional. Moreover, Islamic, Swap-Free, and Demo Options are available. AvaTrade supports AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, and, ZuluTrade

 

🔎 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 excellent educational resources and trusted customer support.

 

XTB Review

 

XTB

XTB is a popular and highly trusted Forex and CFD services provider that provides commission-free trading on genuine stocks and ETFs. Regulations include FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, and, the IFSC. XTB has an ease-of-use rating of 5 out of 5.

Accounts available are Standard and Islamic, Swap-Free. Moreover, a Demo Account is available. XTB supports xStation 5 and xStation Mobile.

 

🔍 Broker🥇 XTB
💵 Minimum Deposit0 USD
5️⃣ Ease of use Rating5/5
🎁 Bonuses✅ Yes
⏰ Support Hours24/5
🚀 Open an Account👉 Click Here

 

XTB

 

Pros and Cons

 

✅ Pros❌ Cons
Islamic AccountInactivity fee
Free Deposit and WithdrawalHigh conversion fee

 

Our Insights

The benefits of trading with XTB include access to in-depth market research, news updates, and various technical indicators.

 

FBS Review

 

FBS

FBS is a well-regulated and popular Forex and CFD Provider with a global reach. Regulations include IFSC, CySEC, ASIC, and, the FSCA. FBS has an ease-of-use rating of 4 out of 5. Accounts offered are Retail, Demo, and, Islami, Swap-Free.

FBS supports MetaTrader 4 and MetaTrader 5. Moreover, a Proprietary trading platform and Mobile App is available.

 

🔎 Broker🥇 FBS
💴 Minimum Deposit5 USD
💵 Inactivity FeeNone
🤝 Affiliate Program✅Yes
4️⃣ Ease of Use Rating4/5
📐 Trading InstrumentsForex, Precious Metals, Indices, Energies, Stocks, Crypto CFDs
🚀 Open an Account
👉 Click Here

 

FBS Review

 

Pros and Cons

 

✅Pros❌Cons
Minimum deposit - $5High leverage may be daunting
Leverage of up to 1:3000High leverage carries an increased risk of loss
Commission-free tradingLack of fixed spread options

 

Our Insights

The benefits of trading with FBS include 24/7 Dedicated and multilingual customer support.

 

FP Markets

 

FP Markets

FP Markets is a highly regulated services provider governed by top-tier agencies such as the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC).

Accounts available include Standard, Raw, Islamic Standard, and, Islamic Raw. In addition, a Demo Account is available. FP Markets support MetaTrader 4, MetaTrader 5, IRESS, and, cTrader. In addition, a Proprietary Mobile App is available.

 

🔎 Broker🥇 FP Markets
💴 Minimum DepositAU$100
💵 Inactivity FeeNone
📈 SpreadsFrom 0.0 pips
📉 Leverage1:500
💶 Currency PairsMajor, Minor, Exotic
📌 RegulationsASIC, CySEC, FSCA, FSA, FSC
5️⃣ Ease of Use Rating4/5
🎁 BonusesNone
⏰ Support Hours24/7
🚀 Open an Account👉 Click Here

 

FP Markets

 

Pros and Cons

 

✅ Pros❌ Cons
FP Markets is regulated in several regionsThere are limited instruments offered
MetaTrader, cTrader, and IRESS are availableresearch tools are not extensive
Tight SpreadsWithdrawal fees apply
There are low forex feesNo sign-up or no-deposit bonus

 

Our Insights

The benefits of trading with FP Markets include instructional tools, demo accounts, and user-friendly platforms.

 

CMC Markets Review

 

CMC Markets

CMC Markets is a well-established Forex and CFD Broker with a robust regulatory framework. Regulations include BaFin, FCA, ASIC, MAS, FMA, IIROC, and, the DFSA. CMC Markets has an ease-of-use-rating of 5 out of 5.

Accounts available include CFD, Spread Betting, and, Corporate. Moreover, a Demo Account is available. CMC Markets supports MT4 and Next Generation. In addition, a Proprietary Mobile App is available.

 

🔎 Broker🥇 CMC Markets
💴 Minimum Deposit0 USD
5️⃣ Ease of Use Rating5/5
🎁 BonusesYes
⏰ Support Hours24/5
🚀 Open an Account👉 Click Here

 

CMC Markets

 

Pros and Cons

 

✅ Pros❌ Cons
Next Generation platformHigh Fees

 

Our Insights

The benefits of trading with CMC Markets include Occasional Bonus Offers and Promotions.

 

Forex in Zimbabwe

 

Is Forex Trading Legal in Zimbabwe?

Forex Trading in Zimbabwe is legal and well-regulated by the Securities and Exchange Commission (SEC) in Zimbabwe.

 

Is Forex Trading Legal in Zimbabwe?

 

The Securities and Exchange Commission (SEC) in Zimbabwe

The SEC or The Securities and Exchange Commission of Zimbabwe is tasked with overseeing:

 

  • Securities exchanges,
  • Securities brokers and Dealers,
  • Investment advisors, and,
  • Mutual funds

 

in Zimbabwe.

 

The Securities and Exchange Commission (SEC) in Zimbabwe

 

The Most Successful Forex Traders in Zimbabwe

The Richest and most successful Forex Traders in Zimbabwe include Simz D’ Mandla, Ref Wayne, Jabulani Ngcobo, and, Tawanda Munyuki.

 

The Most Successful Forex Traders in Zimbabwe

 

In Conclusion

Forex Trading in Zimbabwe is extremely popular amongst young professionals. Moreover, it is well-licensed and regulated by Zimbabwe’s Securities and Exchange Commission (SEC). In addition, several international brokers accept local traders.

 

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 Insights

While reviewing the Best Forex Brokers that accept Zimbabwean Traders, we found 6 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 Zimbabwe is legal and well-regulated by the Securities and Exchange Commission (SEC) in Zimbabwe.

The Securities and Exchange Commission (SEC) in Zimbabwe.

The United States dollar is the official currency of the United States and several other countries, including  Zimbabwe.

Exness is available in Zimbabwe without restriction.

Forex, cryptocurrencies, indices, shares, and commodities.

AvaTrade provides platforms such as ZuluTrade and DupliTrade.

XTB provides a Demo Account with Virtual Funds.

FBS offers leverage according to the selected account type and regulations.

FP Markets is based in Sydney, Australia.

CMC Markets support MetaTrader 4.

The Richest and most successful Forex Traders in Zimbabwe include Simz D’ Mandla, Ref Wayne, Jabulani Ngcobo, and, Tawanda Munyuki.