Best Forex Brokers In Zimbabwe 2024
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 10 emerged as the best for traders in Zimbabwe:
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1
Vantage50% Welcome Deposit Bonus, earn redeemable rewards in the Vantage Rewards scheme
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$500.01 Lots1:500FCA, ASIC, FSCA, VFSCCFDs, Forex, Stocks, Indices, Commodities, ETFs, BondsProTrader, MT4, MT5, TradingView, DupliTradeSkrill, BPAY, JCB Card, AstroPay, Visa, Swift, Neteller, Wire Transfer, Credit Card, Debit Card, UnionPay, FasaPayUSD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD, PLN -
2
XM$30 No Deposit Bonus When You Register A Real Account
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$50.01 Lots1:1000ASIC, CySEC, DFSA, FSC, FSCA, CNMV, AMF, KNFForex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, FuturesMT4, MT5Credit Card, Debit Card, Skrill, Neteller, Wire Transfer, Perfect Money, Apple Pay, Google Wallet, TransferWise, Visa, M-PesaUSD, EUR, GBP, AUD, JPY, ZAR, CHF, SGD, PLN, HUF -
3
PrimeXBT$100 Deposit Bonus
$00.01 Lots1:1000CFDs, Cryptos, Forex, Indices, Commodities, FuturesOwnBitcoin Payments, Ethereum Payments, Credit Card, Debit CardUSD, EUR, GBP -
4
IQ OptionRISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
$100.001 Lots1:500CFD, Forex, Crypto, Stocks, Digital OptionsOwnSkrill, Yandex Money, QIWI, Wire Transfer, Alipay, Perfect Money, MoneyGram, Credit Card, Vietcombank Transfer, Volet, Maestro, Sofort, GlobePay, BoletoUSD, EUR, GBP, ZAR -
5
IGSpread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$00.01 Lots1:30 (Retail), 1:250 (Pro)FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFMCFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread BettingWeb, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentralPayPal, Wire Transfer, Mastercard, Credit Card, Visa, Debit CardUSD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD -
6
FXCC100% First Deposit Bonus Up To $2000
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$00.01 Lots1:500CySECCFDs, Forex, Indices, Commodities, CryptoMT4Skrill, Neteller, Rapid Transfer, Sofort, Paysafecard, Visa, Bitcoin Payments, Credit Card, Debit Card, Mastercard, Wire Transfer, UnionPay, Ethereum Payments, Netbanx Asia, BoletoUSD, EUR, GBP -
7
XTBCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% -83% 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/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$00.01 Lots1:30 (EU) 1:500 (Global)FCA, CySEC, KNF, DFSA, FSCCFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFsxStationPayPal, Visa, Mastercard, Wire Transfer, Paysafecard, Skrill, Credit Card, Debit Card, Maestro, NetellerUSD, EUR, PLN -
8
Axi81.6% of retail investor accounts lose money when trading CFDs with this provider
$00.01 Lots1:400FCA, ASIC, DFSA, FMAForex, CFDs, indices, shares, commodities, cryptocurrenciesMT4, AutoChartistNeteller, Skrill, Credit Card, Debit Card, Visa, Mastercard, JCB Card, Wire Transfer, FasaPay, PIX Payment, Maestro, Boleto, Giropay, Sofort, POLi, BPAY, iDeal, Alipay, AirtelUSD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD -
9
BDSwiss
$100.01 Lots1:30FSC, FSACFDs, Forex, Stocks, Indices, Commodities, CryptoBDSwiss Webtrader, MT4, MT5Sofort, Mastercard, Credit Card, Bitcoin Payments, Wire Transfer, M-Pesa, PIX Payment, Debit Card, Skrill, NetellerUSD, EUR, GBP, SEK, PLN -
10
Binary.com
$5$11:1000MGA, SCCFDs, Forex, Stocks, CryptosMT5Skrill, Yandex Money, QIWI, Wire Transfer, FasaPay, Perfect Money, Paysafecard, Bitcoin PaymentsUSD
Here is a short summary of why we think each broker belongs in this top list:
- 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.
- 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.
- PrimeXBT - PrimeXBT offers forex trading on over 50 majors, minors and exotics with margin opportunities and zero commissions. The forex platform is fast, reliable and feature-rich based on our latest tests with 3 charts, 10 timeframes, and 91 technical studies - ideal for active trading strategies.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- Binary.com - Deriv traders can speculate on 38 major and minor pairs via CFDs on MT4 or 14 majors with the broker's 'multiplier' derivatives via the proprietary trading terminal. This is a decent range of currencies compared to many alternatives.
Best Forex Brokers In Zimbabwe 2024 Comparison
| Broker | Forex Assets | EUR/USD Spread | Forex App Rating | Minimum Deposit | Regulator |
|---|---|---|---|---|---|
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55+ | 0.0 | / 5 | $50 | FCA, ASIC, FSCA, VFSC |
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55+ | 1.6 | / 5 | $5 | ASIC, CySEC, DFSA, FSC, FSCA, CNMV, AMF, KNF |
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45+ | 0.1 | / 5 | $0 | - |
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60+ | 14 pips | / 5 | $10 | - |
|
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80+ | 0.8 | / 5 | $0 | FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM |
|
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70+ | 0.2 | / 5 | $0 | CySEC |
|
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70+ | 1.0 | / 5 | $0 | FCA, CySEC, KNF, DFSA, FSC |
|
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70+ | from 0.2 pips (floating) | / 5 | $0 | FCA, ASIC, DFSA, FMA |
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50+ | 1.2 | / 5 | $10 | FSC, FSA |
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45+ | 0.5 pip var | - | $5 | MGA, SC |
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."
Vantage Quick Facts
| Bonus Offer | 50% Welcome Deposit Bonus, earn redeemable rewards in the Vantage Rewards scheme |
|---|---|
| GBPUSD Spread | 0.5 |
| EURUSD Spread | 0.0 |
| EURGBP Spread | 0.5 |
| Total Assets | 55+ |
| Leverage | 1:500 |
| Platforms | ProTrader, MT4, MT5, TradingView, DupliTrade |
| Account Currencies | USD, 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
- Vantage maintains its high trust score thanks to its strong reputation and top-tier regulation from the FCA and ASIC
- The broker has recently made efforts to expand its suite of CFDs providing further trading opportunities
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
- Unfortunately, cryptos are only available for Australian clients
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 Spread | 1.9 |
| EURUSD Spread | 1.6 |
| EURGBP Spread | 1.8 |
| Total Assets | 55+ |
| Leverage | 1:1000 |
| Platforms | MT4, MT5 |
| Account Currencies | USD, EUR, GBP, AUD, JPY, ZAR, CHF, SGD, PLN, HUF |
Pros
- Transparent and low fees with spreads from 0.0 pips that will help protect day trading profit margins
- XM continues to deliver diverse and multilingual educational materials and offers a useful live education schedule for its webinars and insights
- Accessible trading accounts with a $5 minimum deposit and fast account opening
Cons
- There's $5 inactivity fee after only 3 months, though this won't affect active traders
- PayPal deposits are not supported
- There is weak regulatory oversight through the global entity
PrimeXBT
"PrimeXBT is perfect for aspiring traders looking for crypto derivatives alongside traditional markets like forex and indices, all tradable on an intuitive, web-based platform. The copy trading solution is also ideal for hands-off traders with 5-star ratings and performance graphs to help you find the right trader."
PrimeXBT Quick Facts
| Bonus Offer | $100 Deposit Bonus |
|---|---|
| GBPUSD Spread | Variable |
| EURUSD Spread | 0.1 |
| EURGBP Spread | Variable |
| Total Assets | 45+ |
| Leverage | 1:1000 |
| Platforms | Own |
| Account Currencies | USD, EUR, GBP |
Pros
- The web platform and app were built for technical traders with advanced charting features, a customizable layout and multiple order types including one-cancels-the-other (OCO).
- Maker and taker fees of at 0.01% and 0.02%, respectively, for crypto futures contracts are highly competitive within the industry.
- 24/7 customer support, available via live chat, proved excellent during testing, while the extensive help centre is perfect for self-help.
Cons
- The lack of integration with established platforms like MT4 will be limiting for traders familiar with the world’s most popular forex trading software.
- While common in the crypto industry, PrimeXBT lacks authorization from a trusted regulator, seriously elevating the risk for retail traders.
- Despite improvements, the selection of around 100+ instruments still seriously trails competitors, notably OKX with its 400+ assets.
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."
IQ Option Quick Facts
| GBPUSD Spread | 5 pips |
|---|---|
| EURUSD Spread | 14 pips |
| EURGBP Spread | 15 pips |
| Total Assets | 60+ |
| Leverage | 1:500 |
| Platforms | Own |
| Account Currencies | USD, EUR, GBP, ZAR |
Pros
- User-friendly platform for beginners
- Reliable 24/7 multilingual support
- 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 Spread | 0.9 |
|---|---|
| EURUSD Spread | 0.8 |
| EURGBP Spread | 0.9 |
| Total Assets | 80+ |
| Leverage | 1:30 (Retail), 1:250 (Pro) |
| Platforms | Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral |
| Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD |
Pros
- 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
- The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met
- IG is amongst the best in terms of its range of instruments, which includes stocks, forex, indices, commodities, and cryptocurrencies, plus recently added US-listed futures and options, providing ample diversification opportunities
Cons
- While there is negative balance protection in the UK and EU, there is no account protection or guaranteed stop losses for US clients
- Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges
- Stock and CFD spreads still trail the cheapest brokers like CMC Markets based on tests
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. "
FXCC Quick Facts
| Bonus Offer | 100% First Deposit Bonus Up To $2000 |
|---|---|
| GBPUSD Spread | 1.0 |
| EURUSD Spread | 0.2 |
| EURGBP Spread | 0.5 |
| Total Assets | 70+ |
| Leverage | 1:500 |
| Platforms | MT4 |
| Account Currencies | USD, EUR, GBP |
Pros
- As an MT4 broker, FXCC offers advanced charting tools and excellent support for algo traders, especially when combined with the free VPS
- There are no restrictions on short-term trading strategies like day trading and scalping
- The free education section, including the 'Traders Corner' blog, offers a large selection of materials that will serve all experience levels
Cons
- There is a threadbare selection of research tools like Trading Central and Autochartist, value-add features available at category leaders like IG
- High withdrawal fees may catch out unsuspecting traders, including a significant $45 charge for bank wire payments
- 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. "
XTB Quick Facts
| GBPUSD Spread | 1.4 |
|---|---|
| EURUSD Spread | 1.0 |
| EURGBP Spread | 1.4 |
| Total Assets | 70+ |
| Leverage | 1:30 (EU) 1:500 (Global) |
| Platforms | xStation |
| Account Currencies | USD, EUR, PLN |
Pros
- Opening an XTB account is a hassle-free, entirely online process that takes just a few minutes, making the entry into day trading smooth for new traders.
- Investment Plans, XTB caters to both short-term traders and longer-term investors.
- With an excellent range of educational materials, including training videos and articles integrated into the platform, XTB supports traders at all levels.
Cons
- 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.
- The research tools at XTB are good but could be great if they went beyond in-house features with access to leading third-party tools such as Autochartist, Trading Central and TipRanks.
- The demo account expires after just four weeks, a serious limitation for traders who wish to thoroughly test the xStation platform and practice short-term strategies before committing real funds.
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."
Axi Quick Facts
| GBPUSD Spread | from 0.6 pips (floating) |
|---|---|
| EURUSD Spread | from 0.2 pips (floating) |
| EURGBP Spread | from 0.5 pips (floating) |
| Total Assets | 70+ |
| Leverage | 1:400 |
| Platforms | MT4, AutoChartist |
| Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD |
Pros
- Among other educational resources, there’s an excellent selection of free eBooks for newly registered beginners
- Traders can choose between 10 base account currencies plus a wide range of free deposit methods, including cryptos
- The $0 minimum deposit, zero-commission pricing structure, and user-friendly copy trading service will appeal to beginners
Cons
- The Axi Select program requires a $500 minimum deposit to enter the first Seed stage
- 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."
BDSwiss Quick Facts
| GBPUSD Spread | 1.7 |
|---|---|
| EURUSD Spread | 1.2 |
| EURGBP Spread | 1.3 |
| Total Assets | 50+ |
| Leverage | 1:30 |
| Platforms | BDSwiss Webtrader, MT4, MT5 |
| Account Currencies | USD, EUR, GBP, SEK, PLN |
Pros
- The knowledgeable support team is available 24/5 in 20 languages and the live chat service is responsive based on tests
- The broker continues to offer superb market research with daily expert insights, the Autochartist market scanning tool, and a forex heatmap
- 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
- The lack of a top-tier regulator like the CySEC or ASIC brings down the trust score
- The range of 250+ assets is mediocre compared to most leading brokers which typically offer 1000+
Binary.com
"Binary.com (now Deriv) is a great pick for beginners and advanced traders interested in short-term trading with multipliers and leveraged CFDs. The broker is also a leader in synthetic indices which simulate real market movements and are available around the clock."
Tobias Robinson, Reviewer
Binary.com Quick Facts
| GBPUSD Spread | 1 pip var |
|---|---|
| EURUSD Spread | 0.5 pip var |
| EURGBP Spread | 1 pip var |
| Total Assets | 45+ |
| Leverage | 1:1000 |
| Platforms | MT5 |
| Account Currencies | USD |
Pros
- Beginners can practise strategies in the demo account with unlimited virtual funds
- Sign up for a CFD or Multiplier account in minutes
- Variety of risk management tools including trading limits and self-exclusion protocols
Cons
- Limited regulatory oversight
- DTrader platform only available via web browser
- Narrow range of instruments vs other brokers
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.
- 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 – 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:
- 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
Is Forex Trading Legal In Zimbabwe?
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.
Recommended Reading
Article Sources
- Reserve Bank of Zimbabwe (RBZ)
- Quartz - Zimbabwe Cracks Down On Currency Dealers
- PaymentsJournal - Cash Is Scarce in Zimbabwe, As Inflation Spirals
- The Evolution of Mobile Money in Zimbabwe
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