6 Best Forex Brokers in 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 – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Traders in Zimbabwe | 💷 Min. Deposit |
| 🥇 Exness | 👉 Click Here | ✅Yes | 10 USD |
| 🥈 AvaTrade | 👉 Click Here | ✅Yes | 100 USD |
| 🥉 XTB | 👉 Click Here | ✅Yes | None |
| 🏅 FBS | 👉 Click Here | ✅Yes | 5 USD |
| 🎖️ FP Markets | 👉 Click Here | ✅Yes | AU$ 100 |
| 🥇 CMC Markets | 👉 Click Here | ✅Yes | None |
6 Best Forex Brokers in Zimbabwe (2024)
- ☑️ Exness – Overall, the Best Forex Broker in Zimbabwe
- ☑️ AvaTrade – Best Overall Trading Experience
- ☑️ XTB – Best Mobile Trading Experience
- ☑️ FBS – Low USD Minimum Deposit
- ☑️ FP Markets – High User Trust Score
- ☑️ CMC Markets – Best Online Trading Experience
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 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 access to powerful trading platforms and impressive customer support.
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 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 excellent educational resources and trusted customer support.
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 |
| 📌 Year Founded | 2002 |
| 👤 Amount of Staff | Approximately 2,000 |
| 👥 Amount of Active Traders | Over 500,000 |
| 📍 Publicly Traded | Warsaw Stock Exchange |
| 📈 Regulation | FCA, KNF, IFSC, CySEC |
| 🌎 Country of Regulation | UK (FCA), Poland (KNF) |
| 📉 Account Segregation | ✅Yes |
| 📊 Negative Balance Protection | ✅Yes |
| 💹 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💰 Minor Account Currencies | Major, Minor |
| 💴 Minimum Deposit | Varies by account type |
| ⚡ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💶 Fund Withdrawal Fee | None |
| 📐 Spreads From | From 0.1 pips |
| 💶 Commissions | Variable |
| 💵 Number of Base Currencies Supported | 30+ |
| 💷 Swap Fees | ✅Yes |
| 🔖 Leverage | Up to 1:500 |
| 🏷️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖇️ Order Execution Time Seconds | Milliseconds - |
| 🖥️ VPS Hosting | Select accounts |
| 📈 CFDs Total | Over 2,000 |
| 📉 CFD Stock Indices | Major global indices |
| 🍎 CFD Commodities | Oil, gold, etc. |
| 📊 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit, e-wallets, etc. |
| 💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets, etc. |
| 🖱️ Trading Platforms | xStation 5 |
| ⭐ OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex Trading Tools | Charting tools, technical analysis |
| 🥰 Live Chat Availability | ✅Yes |
| ☎️ Customer Support Contact Number | Varies by region |
| 💙 Social Media Platforms | Twitter, Facebook, LinkedIn, |
| 🚩 Languages Supported | Multiple languages |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Articles, tutorials, etc. |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 Amount of Partners | Numerous global partners |
| 🫰🏻 IB Program | ✅Yes |
| 🔖 Notable Events or Teams | ✅Yes |
| 🏷️ Rebate Program | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Islamic Account | Inactivity fee |
| Free Deposit and Withdrawal | High conversion fee |
Our Insights
The benefits of trading with XTB include access to in-depth market research, news updates, and various technical indicators.
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 Deposit | 5 USD |
| 💵 Inactivity Fee | None |
| 🤝 Affiliate Program | ✅Yes |
| 4️⃣ Ease of Use Rating | 4/5 |
| 📐 Trading Instruments | Forex, Precious Metals, Indices, Energies, Stocks, Crypto CFDs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Minimum deposit - $5 | High leverage may be daunting |
| Leverage of up to 1:3000 | High leverage carries an increased risk of loss |
| Commission-free trading | Lack of fixed spread options |
Our Insights
The benefits of trading with FBS include 24/7 Dedicated and multilingual customer support.
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 Deposit | AU$100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | Major, Minor, Exotic |
| 📌 Regulations | ASIC, CySEC, FSCA, FSA, FSC |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| FP Markets is regulated in several regions | There are limited instruments offered |
| MetaTrader, cTrader, and IRESS are available | research tools are not extensive |
| Tight Spreads | Withdrawal fees apply |
| There are low forex fees | No 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
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 Deposit | 0 USD |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | Yes |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Next Generation platform | High Fees |
Our Insights
The benefits of trading with CMC Markets include Occasional Bonus Offers and Promotions.
Is Forex Trading Legal in Zimbabwe?
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 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 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.
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.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FSCA, IFSC, ASIC, CySEC, DFSA, FCA | USD 5 | Visit Broker |
| 🥉 |  | Read Review | FCA, FSCA, FSC, CMA | USD 200 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | FSC, FSA, VFSC | USD 10 | 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 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.
You might also like:
Faq
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.
XTB provides a Demo Account with Virtual Funds.
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.
| Broker | Website | |
|---|---|---|
| 🥇 |  | Visit Broker |
| 🥈 | | Visit Broker |
| 🥉 | | Visit Broker |
| 4 | | Visit Broker |
| 5 | | Visit Broker |
| 6 | | Visit Broker |
| 7 | | Visit Broker |
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals
Top Broker