Best Forex Brokers In Zimbabwe 2024

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Michael MacKenzie
Michael is a writer and editor with over a decade in journalism and publishing. His niche lies in editing and fact-checking content in the financial services sector, with a focus on online brokers and trading platforms. Michael previously reported on politics and economics in the Middle East and edits books for established publishers.
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James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
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Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
Updated

To trade forex in Zimbabwe you will need to open an account with a broker. Although the Reserve Bank of Zimbabwe (RBZ) oversees forex trading domestically and is responsible for currency reforms that are combating the high inflation impacting the Zimbabwean Dollar, many residents turn to international brokers for their excellent platforms, fees and range of currency pairs.

Explore our pick of the best forex brokers in Zimbabwe. Every forex platform accepts traders from Zimbabwe and supports convenient deposit options like PayPal.

10 Top Forex Brokers In Zimbabwe

We have tested and analyzed hundreds of forex trading platforms and these 5 emerged as the best for traders in Zimbabwe:

Click a broker for details
  1. 1
    Vantage
    50% Welcome Deposit Bonus, earn redeemable rewards in the Vantage Rewards scheme

    Ratings
    4.6 / 5
    4.5 / 5
    4.5 / 5
    4.4 / 5
    4.3 / 5
    4.4 / 5
    4 / 5
    4 / 5
    3.6 / 5
    3.9 / 5

    $50
    0.01 Lots
    1:500
    FCA, ASIC, FSCA, VFSC
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds
    ProTrader, MT4, MT5, TradingView, DupliTrade
    Skrill, BPAY, JCB Card, AstroPay, Visa, Swift, Neteller, Wire Transfer, Credit Card, Debit Card, UnionPay, FasaPay
    USD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD, PLN
  2. 2
    XM
    $30 No Deposit Bonus When You Register A Real Account

    Ratings
    4.3 / 5
    4.5 / 5
    4.3 / 5
    4.3 / 5
    4 / 5
    4.5 / 5
    4.5 / 5
    4.5 / 5
    4.7 / 5
    3.9 / 5

    $5
    0.01 Lots
    1:1000
    ASIC, CySEC, DFSA, FSC, FSCA, CNMV, AMF
    Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
    MT4, MT5
    Credit Card, Debit Card, Skrill, Neteller, Wire Transfer, Perfect Money, Apple Pay, Google Wallet, TransferWise, Visa, M-Pesa
    USD, EUR, GBP, AUD, JPY, ZAR, CHF, SGD, PLN, HUF
  3. 3
    PrimeXBT
    $100 Deposit Bonus

    $0
    0.01 Lots
    1:1000
    CFDs, Cryptos, Forex, Indices, Commodities, Futures
    Own
    Bitcoin Payments, Ethereum Payments, Credit Card, Debit Card
    USD, EUR, GBP
  4. 4
    IQ Option
    RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

    $10
    0.001 Lots
    1:500
    CFD, Forex, Crypto, Stocks, Digital Options
    Own
    Skrill, Yandex Money, QIWI, Wire Transfer, Alipay, Perfect Money, MoneyGram, Credit Card, Vietcombank Transfer, Volet, Maestro, Sofort, GlobePay, Boleto
    USD, EUR, GBP, ZAR
  5. 5
    IG
    Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

    Ratings
    4.9 / 5
    4 / 5
    4.5 / 5
    3.5 / 5
    4.8 / 5
    4.5 / 5
    4.9 / 5
    5 / 5
    4.6 / 5
    4 / 5

    $0
    0.01 Lots
    1:30 (Retail), 1:250 (Pro)
    FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
    Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
    PayPal, Wire Transfer, Mastercard, Credit Card, Visa, Debit Card
    USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD
  6. 6
    FXCC
    100% First Deposit Bonus Up To $2000

    Ratings
    3.3 / 5
    3.5 / 5
    3 / 5
    4 / 5
    3.3 / 5
    4.3 / 5
    2 / 5
    2.5 / 5
    4.8 / 5
    4.4 / 5

    $0
    0.01 Lots
    1:500
    CySEC
    CFDs, Forex, Indices, Commodities, Crypto
    MT4
    Skrill, Neteller, Rapid Transfer, Sofort, Paysafecard, Visa, Bitcoin Payments, Credit Card, Debit Card, Mastercard, Wire Transfer, UnionPay, Ethereum Payments, Netbanx Asia, Boleto
    USD, EUR, GBP
  7. 7
    XTB
    78% of retail accounts lose money.

    Ratings
    4.5 / 5
    4 / 5
    4 / 5
    4.3 / 5
    4 / 5
    4.3 / 5
    4.1 / 5
    3.8 / 5
    4.7 / 5
    4.1 / 5

    $0
    0.01 Lots
    1:30 (EU) 1:500 (Global)
    FCA, CySEC, KNF, CNMV, DFSA, FSC
    CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs
    xStation
    PayPal, Visa, Mastercard, Wire Transfer, Paysafecard, Skrill, Credit Card, Debit Card, Maestro, Neteller
    USD, EUR, GBP, HUF
  8. 8
    Markets.com
    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    Ratings
    4.3 / 5
    3.8 / 5
    3.9 / 5
    3.8 / 5
    4 / 5
    3.8 / 5
    3.3 / 5
    3.8 / 5
    3.2 / 5
    4.5 / 5

    $100
    0.01 Lots
    1:30
    FCA, CySEC, ASIC, FSCA, FSC
    CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds, Spread Betting (UK Only)
    Markets.com Web/App Platform, MT4, MT5
    PayPal, Skrill, Neteller, Credit Card, Wire Transfer, Debit Card, iDeal, Sofort
    USD, EUR, GBP, ZAR, SEK, NOK, DKK, PLN, CZK, AED
  9. 9
    Axi
    81.6% of retail investor accounts lose money when trading CFDs with this provider

    $0
    0.01 Lots
    1:400
    FCA, ASIC, DFSA, FMA
    Forex, CFDs, indices, shares, commodities, cryptocurrencies
    MT4, AutoChartist
    Neteller, Skrill, Credit Card, Debit Card, Visa, Mastercard, JCB Card, Wire Transfer, FasaPay, PIX Payment, Maestro, Boleto, Giropay, Sofort, POLi, BPAY, iDeal, Alipay
    USD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD
  10. 10
    BDSwiss

    $10
    0.01 Lots
    1:30
    FSC, FSA
    CFDs, Forex, Stocks, Indices, Commodities, Crypto
    BDSwiss Webtrader, MT4, MT5
    Sofort, Mastercard, Credit Card, Bitcoin Payments, Wire Transfer, M-Pesa, PIX Payment, Debit Card, Skrill, Neteller
    USD, EUR, GBP, SEK, PLN

Here is a short overview of each broker's pros and cons

  1. Vantage - Vantage offers 55+ currency pairs - above the industry average, so experienced traders can explore plenty of opportunities. Vantage's deep liquidity pool provides forex spreads from 0.0 pips in the ECN account, lower than many alternatives. There are also no commissions, deposit fees or hidden charges.
  2. XM - XM offers ultra low spreads across a wide range of forex assets with no re-quotes or hidden charges. Over 50 currency pairs are available, which is above the market average and is in line with one of our top award-winners, AvaTrade.
  3. PrimeXBT - PrimeXBT offers 50 forex pairs, which is above the industry average and covers a good range of majors, minors and exotics. Traders can enjoy trading via margin with zero commissions. Additionally, the broker’s copy trading service allows you to explore various currency trading strategies.
  4. IQ Option - IQ Option offers CFD trading on 24 forex assets, including major pairs and some minors. EU traders can access a maximum of 1:30 leverage in line with local regulations. The broker offers commission-free trades but spreads are on the high side so the brand does not excel in this area.
  5. IG - IG offers an above-average suite of 80+ currency pairs on its proprietary web platform, mobile app or MetaTrader 4, with more advanced charts and forex analysis tools available on the ProRealTime software. Forex spreads are competitive based on tests, starting from 0.1 pips on majors like the EUR/USD.
  6. FXCC - FXCC's key selling point is its forex trading conditions. ECN spreads come in as low as 0.0 pips during peak trading hours, while it supports a wider range of currency pairs than the majority of rivals with over 70 forex assets. Additionally, you have access to MT4, which was built specifically for forex trading and excels for its charting tools.
  7. XTB - XTB provides access to 70+ currency pairs with low spreads averaging around 1 pip on majors. The xStation platform offers an intuitive environment for forex traders with an excellent charting package encompassing 30+ indicators, plus a range of order types, catering to various strategies and risk management techniques.
  8. Markets.com - Markets.com offers 43 major, minor and exotic currency pairs. The range is around the industry average, though spreads are fairly competitive, starting from 0.6 pips for EUR/USD. There’s also an excellent range of tools and education, including forex calculators and trading videos.
  9. Axi - Axi continues to offer a strong selection of 70+ currency pairs - more than many top brokers including award-winner AvaTrade, with only 50+. There are no restrictions on trading strategies including algo trading and scalping, which will serve both short-term and long-term traders.
  10. BDSwiss - BDSwiss continues to offer an above-average selection of 50+ currency pairs with leverage up to 1:400 on major pairs. Typical spreads for EURUSD come in at a competitive 0.3 pips plus a $6 commission which is in line with our award-winner, Pepperstone.

Best Forex Brokers In Zimbabwe 2024 Comparison

Best Forex Brokers In Zimbabwe 2024 Comparison
Broker Forex Assets EUR/USD Spread Forex App Rating Minimum Deposit Regulator
Vantage logo
55+ 0.0 4 / 5 $50 FCA, ASIC, FSCA, VFSC
XM logo
55+ 1.6 4.7 / 5 $5 ASIC, CySEC, DFSA, FSC, FSCA, CNMV, AMF
PrimeXBT logo
45+ Variable 3 / 5 $0 -
IQ Option logo
60+ 14 pips 4.5 / 5 $10 -
IG logo
80+ 0.8 4.9 / 5 $0 FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB
FXCC logo
70+ 0.2 3.4 / 5 $0 CySEC
XTB logo
70+ 1.0 4.8 / 5 $0 FCA, CySEC, KNF, CNMV, DFSA, FSC
Markets.com logo
67 0.70 pips (var) 3.9 / 5 $100 FCA, CySEC, ASIC, FSCA, FSC
Axi logo
70+ from 0.2 pips (floating) 3.3 / 5 $0 FCA, ASIC, DFSA, FMA
BDSwiss logo
50+ 1.2 4 / 5 $10 FSC, FSA

Vantage

"Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly."

Jemma Grist, Reviewer

Vantage Quick Facts

Bonus Offer50% Welcome Deposit Bonus, earn redeemable rewards in the Vantage Rewards scheme
GBPUSD Spread0.5
EURUSD Spread0.0
EURGBP Spread0.5
Total Assets55+
Leverage1:500
PlatformsProTrader, MT4, MT5, TradingView, DupliTrade
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD, PLN

Pros

  • The ECN accounts are very competitive with spreads from 0.0 pips and a $1.50 commission per side
  • There’s an excellent suite of day trading software, including the award-winning platforms MT4 and MT5
  • The low minimum deposit of $50 and zero funding fees make this broker a great choice for new traders

Cons

  • A steep $10,000 deposit is needed for the best trading conditions, which include the $1.50 commission per side
  • It's a shame that some clients will need to register with the offshore entity, which offers less regulatory protection
  • The average execution speeds of 100ms to 250ms are slower than alternatives based on tests

XM

"XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading."

William Berg, Reviewer

XM Quick Facts

Bonus Offer$30 No Deposit Bonus When You Register A Real Account
GBPUSD Spread1.9
EURUSD Spread1.6
EURGBP Spread1.8
Total Assets55+
Leverage1:1000
PlatformsMT4, MT5
Account CurrenciesUSD, EUR, GBP, AUD, JPY, ZAR, CHF, SGD, PLN, HUF

Pros

  • 1000+ instruments are available, including recently added thematic indices, providing exposure to emerging industries
  • XM continues to deliver diverse and multilingual educational materials and offers a useful live education schedule for its webinars and insights
  • Powerful MT4 and MT5 platforms are available with 60+ and 80+ technical charting tools

Cons

  • PayPal deposits are not supported
  • There is weak regulatory oversight through the global entity
  • There's $5 inactivity fee after only 3 months, though this won't affect active traders

PrimeXBT

"PrimeXBT is good for beginners looking to trade crypto derivatives among traditional assets like forex and indices. There's also a proprietary copy trading solution for novices looking to learn from more experienced investors. With that said, the lack of regulation means traders will receive limited safeguards."

William Berg, Reviewer

PrimeXBT Quick Facts

Bonus Offer$100 Deposit Bonus
GBPUSD SpreadVariable
EURUSD SpreadVariable
EURGBP SpreadVariable
Total Assets45+
Leverage1:1000
PlatformsOwn
Account CurrenciesUSD, EUR, GBP

Pros

  • The broker’s platform and app offer advanced charting features, including 50+ technical indicators, a customizable layout and multiple order types including OCO
  • PrimeXBT offers low maker and taker fees coming in at 0.01% and 0.02%, respectively, for crypto futures contracts
  • The broker offers 24/7 customer support via live chat, as well as an extensive help centre

Cons

  • It’s a shame that there are no popular third-party platforms on offer such as MT4
  • The lack of reputable regulatory oversight is a security concern, though this is common in the crypto trading industry
  • The total selection of 110+ assets is far fewer than top competitors, including OKX with 400+

IQ Option

"IQ Option is a good broker for beginners with a slick platform and low minimum investment. New users can also open an account in three easy steps."

William Berg, Reviewer

IQ Option Quick Facts

GBPUSD Spread5 pips
EURUSD Spread14 pips
EURGBP Spread15 pips
Total Assets60+
Leverage1:500
PlatformsOwn
Account CurrenciesUSD, EUR, GBP, ZAR

Pros

  • High payouts on binary options
  • iOS & Android compatible app
  • Access to IQ Option community

Cons

  • No MetaTrader 4 integration
  • €10 inactivity fee after 90 days

IG

"IG continues to provide a comprehensive package with an intuitive web platform and best-in-class education for beginners, plus advanced charting tools, real-time data, and fast execution speeds for experienced day traders."

Christian Harris, Reviewer

IG Quick Facts

GBPUSD Spread0.9
EURUSD Spread0.8
EURGBP Spread0.9
Total Assets80+
Leverage1:30 (Retail), 1:250 (Pro)
PlatformsWeb, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD

Pros

  • IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis
  • The proprietary web-based platform continues to caters to traders of all levels, with advanced charting tools and real-time market data useful for day trading
  • IG is amongst the best in terms of its range of instruments, which includes stocks, forex, indices, commodities, and cryptocurrencies, providing ample diversification opportunities

Cons

  • Stock and CFD spreads still trail the cheapest brokers like CMC Markets based on tests
  • IG applies an inactivity fee of $12 per month after 2 years, deterring casual investors
  • IG has discontinued its swap-free account, reducing its appeal to Islamic traders

FXCC

"FXCC continues to prove itself an excellent option for forex day traders with an extensive range of 70+ currency pairs, ultra-tight spreads from 0.0 pips during testing, and high leverage up to 1:500 in the ECN XL account. "

Jemma Grist, Reviewer

FXCC Quick Facts

Bonus Offer100% First Deposit Bonus Up To $2000
GBPUSD Spread1.0
EURUSD Spread0.2
EURGBP Spread0.5
Total Assets70+
Leverage1:500
PlatformsMT4
Account CurrenciesUSD, EUR, GBP

Pros

  • The free education section, including the 'Traders Corner' blog, offers a large selection of materials that will serve all experience levels
  • Competitive and transparent ECN spreads from 0.0 pips with zero commissions, making FXCC one of the cheapest forex brokers
  • There are no deposit fees except industry-standard mining charges on cryptos, which is advantageous for active traders

Cons

  • There is a threadbare selection of research tools like Trading Central and Autochartist, value-add features available at category leaders like IG
  • While the range of currency pairs exceeds most alternatives, the selection of additional assets is narrow, and notably, there are no stocks
  • FXCC’s single platform offering is a major drawback compared to many alternatives, notably AvaTrade which provides 5 platforms to suit different trader preferences

XTB

"XTB stands out as a top choice for new day traders with the terrific xStation platform, commission-free pricing, no minimum deposit, and excellent educational tools, many of which are seamlessly integrated into the platform. "

Christian Harris, Reviewer

XTB Quick Facts

GBPUSD Spread1.4
EURUSD Spread1.0
EURGBP Spread1.4
Total Assets70+
Leverage1:30 (EU) 1:500 (Global)
PlatformsxStation
Account CurrenciesUSD, EUR, GBP, HUF

Pros

  • The xStation platform continues to impress with its user-friendly interface and intuitive features, including customizable news feeds, sentiment heatmaps, and trader calculator, reducing the learning curve for newer traders.
  • First-class 24/5 customer support is available, including a friendly live chat with response times of under two minutes during testing.
  • XTB offers fast withdrawals with same-day payments if requested before 1 pm, ensuring day traders have quick access to their funds.

Cons

  • XTB discontinued support for MT4, limiting traders to its proprietary platform, xStation, potentially deterring advanced day traders familiar with the MetaTrader suite.
  • XTB does not offer a raw spread account, which is becoming increasingly common among competitors like Pepperstone, and may disappoint day traders looking for the tightest spreads.
  • Trading fees are competitive with average spreads of around 1 pip on the EUR/USD but still trail the cheapest brokers like IC Markets, plus there's an inactivity fee after 12 months.

Markets.com

"Markets.com is best for active traders looking for a regulated broker with low fees and fast execution speeds of 82ms. Beginners will also enjoy the in-house platform with its user-friendly interface, clear navigation and dynamic charts."

Jemma Grist, Reviewer

Markets.com Quick Facts

GBPUSD Spread1.3 pips (var)
EURUSD Spread0.70 pips (var)
EURGBP Spread1.0 pip (var)
Total Assets67
Leverage1:30
PlatformsMarkets.com Web/App Platform, MT4, MT5
Account CurrenciesUSD, EUR, GBP, ZAR, SEK, NOK, DKK, PLN, CZK, AED

Pros

  • The $10 inactivity fee is only charged after 12 months of no trading activity (many competitors start charging after only 3 months)
  • There are no deposit/withdrawal charges, account registration or order admin costs
  • Comprehensive educational content is on offer, especially for beginners, including podcasts, webinars and financial market videos

Cons

  • The single retail account option doesn't offer traders any choice of trading conditions, or any additional perks for active trading
  • There are no auto or copy trading terminals outside of the MetaTrader platforms, such as DupliTrade
  • Unlike some top competitors like XM, customer support is not available on the weekend

Axi

"Axi maintains its position as a top forex and CFD broker for seasoned traders, with more than 70 currency pairs, raw spreads and additional benefits for high-volume trading. Beginners will also appreciate the user-friendly copy trading service and free forex eBooks."

William Berg, Reviewer

Axi Quick Facts

GBPUSD Spreadfrom 0.6 pips (floating)
EURUSD Spreadfrom 0.2 pips (floating)
EURGBP Spreadfrom 0.5 pips (floating)
Total Assets70+
Leverage1:400
PlatformsMT4, AutoChartist
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD

Pros

  • Traders can choose between 10 base account currencies plus a wide range of free deposit methods, including cryptos
  • Experienced traders can benefit from the Axi Select funded trader programme, offering funding up to $1 million and up to 90% profit share
  • The broker’s free trading resources are geared towards short-term traders, including various market calendars and dividend forecast schedules

Cons

  • The demo account expires after only 30 days - many alternative brokers that we test allow you to practice for 60 days or more
  • There's a limited choice of third-party charting platforms compared to other brands, with only MT4 available alongside the proprietary app
  • The tightest round-trip commission fees of $3.50 are only available to those who can deposit $25,000

BDSwiss

"BDSwiss will suit active day traders looking for raw pricing, fast execution and powerful trading software with a range of pre-included analysis tools. That said, the range of 250+ assets is smaller than most top competitors."

William Berg, Reviewer

BDSwiss Quick Facts

GBPUSD Spread1.7
EURUSD Spread1.2
EURGBP Spread1.3
Total Assets50+
Leverage1:30
PlatformsBDSwiss Webtrader, MT4, MT5
Account CurrenciesUSD, EUR, GBP, SEK, PLN

Pros

  • BDSwiss is a globally recognised brand with a 10+ year history transparent trading conditions
  • BDSwiss maintains its position as a fast execution broker, with speeds averaging 0.06 seconds plus 78.3% zero/positive slippage at the time of writing
  • There are several account types to suit different traders and budgets, with just a $10 minimum deposit and dynamic leverage up to 1:2000

Cons

  • There's a $30 inactivity fee after 90 days which is higher than several top competitors, including XM which only charges $5
  • VPS plans start from €30 per month, which is not the cheapest
  • The lack of a top-tier regulator like the CySEC or ASIC brings down the trust score a little

How We Choose Forex Brokers In Zimbabwe

To find the best forex trading platforms in Zimbabwe, there are several factors we, and you, should consider:

Trust

When you trade currencies through an online broker you need to be confident your money is secure.

This is especially important given Zimbabwean news reports of forex Ponzi schemes and managed account fraud. The country’s Reserve Bank has also warned that criminals are conducting illegal forex exchange operations via social media.

That’s why we only recommend forex brokers we trust – a judgement we make by weighing the strength of their regulatory credentials, years in the industry, reputation, and the observations of our hands-on testers.

  • Pepperstone continues to demonstrate it’s a highly trusted broker with licenses from top-tier watchdogs, including the FCA in the UK, the CySEC in Europe, and the ASIC in Australia. Also reassuring is its global client base of over 400,000 traders and long track record since 2010.

Currency Pairs

Having access to a wide range of forex assets can help you discover opportunities.

Our analysis shows that not many brokerages offer trading on the Zimbabwean Dollar, which has faced hyperinflation and even been taken out of circulation for periods. However, our top picks offer a wide choice of majors, minors and exotics, providing investors with diverse trading opportunities.

💡
Currencies like the South African Rand (ZAR) may provide a good alternative for traders in Zimbabwe, providing exposure to regional market fluctuations.
  • Forex.com shines with its above-average selection of 80+ forex assets, including the ZAR paired with the USD, GBP, EUR and JPY.

Forex Platforms

If you’re making short-term forex trades, access to a fast, stable and intuitive charting platform is important.

MetaTrader 4 (MT4) continues to dominate the forex scene and is the most widely supported third-party platform by online brokers in Zimbabwe. It’s best for intermediate to advanced traders looking for rich technical analysis features and algo trading.

However, our years in the industry have shown us that the proprietary software provided by some brokers is increasingly strong, often sporting a more modern interface that makes for an attractive entry point for newer traders.

That’s why we favor forex brokers with platforms and apps that will serve forex traders of all levels and strategies, an assessment we make by personally testing software where practical.

Vantage's ProTrader available to forex traders in ZimbabweVantage – ProTrader

We also look for tools that offer frequent updates on the most significant global market movements as well as specialized data on regions like Southern Africa.

  • Vantage provides Zimbabwean forex traders with a first-rate toolkit that includes a slick bespoke platform and mobile app, plus MT4, MT5, and powerful third-party tools like ZuluTrade’s copy trader and Myfxbook’s automated solution.

Deposit Options

If you plan to make frequent deposits and withdrawals, choosing a forex broker with straightforward and low-cost payment methods is important.

This is especially important for traders in Zimbabwe where cash shortages have been reported and where mobile money and e-wallets are quickly becoming many people’s favored payment methods.

Our highest-rated forex trading platforms support classic card and wire transfers as well as fast and convenient alternatives, such as PayPal and EcoCash via PayNow, allowing you to fund your account with ease from Zimbabwe.

  • Pepperstone remains one of the best forex brokers that accepts traders from Zimbabwe with no minimum deposit and convenient funding options like PayPal.

Methodology

We leveraged our extensive database of forex brokers to focus on those accommodating traders in Zimbabwe, ranking them based on an aggregate score derived from critical factors, including:DayTrading.com broker testing methodology overview

  • Regulation by trusted authorities, if not Zimbabwe’s RBZ then respected watchdogs elsewhere.
  • A wide selection of currency pairs, featuring currencies of interest to traders in Zimbabwe, such as ZAR/USD.
  • An easy-to-use process for funding accounts, considering popular local methods such as PayPal and EcoCash.
  • Advanced yet user-friendly charting tools for capitalizing on forex market opportunities.

FAQ

Forex trading is legal in Zimbabwe. Day traders can sign up with online brokers, either onshore or offshore, to speculate on the price of currency pairs. Make sure to check the latest regulations and tax obligations in Zimbabwe.

Who Regulates Forex Trading In Zimbabwe?

Zimbabwe’s financial regulator is the Reserve Bank of Zimbabwe (RBZ), which oversees all foreign exchange activities in the country.

Because of the Zimbabwean Dollar’s instability in recent years, it’s a good idea to follow the RBZ’s latest announcements to stay updated about any changes to rules and regulations. For example, capital controls have been imposed in efforts to prevent the Zimbabwean Dollar’s slide.

How Much Money Do I Need To Start Forex Trading In Zimbabwe?

The amount of capital you need to begin forex trading in Zimbabwe depends on the broker’s minimum deposit. Although some require US$250 – around Z$80,000 – or more for an initial deposit, others like Pepperstone don’t have any minimum deposit, appealing to beginners.

Article Sources

The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com