6 Best Forex Brokers in Zimbabwe
Forex trading in Zimbabwe is not only legal, but Zimbabwean traders, regardless of whether they are experts or beginners, have a variety of options where Forex brokers are concerned.
There are numerous well-regulated and popular Forex brokers who welcome Zimbabwean traders, and who offer some of the best trading conditions in the industry in addition to superb customer support, trading tools, education, and research sources.
As Forex trading in Africa continues to expand and become popular, more brokers will be open to welcoming traders from this continent.
1. XM
Established in 2009, XM is a strictly regulated ECN and STP online trading broker which offers Zimbabwean traders with competitive trading conditions.
For a minimum deposit of as little as $5 when registering a live account, Zimbabwean traders have access to numerous Forex pairs, spreads from 0.0 pips, low commissions, and access to leverage up to 1:888.
2. AvaTrade
Multi-regulated and an award-winning broker, AvaTrade offers Zimbabwean the opportunity to trade in over 250 financial instruments from as little as $100 when registering a live account.
AvaTrade’s competitive conditions include leverage up to 1:400, tight and fixed spreads from 0.9 pips, commission-free trading, and the use of advanced, user-friendly trading platforms.
3. HotForex
As a multi-regulated and multi-asset broker which is based in Cyprus, Zimbabwean traders can register a live trading account from as little as $5 to gain access to various Forex pairs when using HotForex to facilitate trades.
HotForex offers Zimbabwean traders with a choice between five dynamic accounts, leverage up to 1:1000, spreads from 0.0 pips, and low commissions from $3 on FX majors.
When trading Forex through HotForex, traders have a choice between using either MetaTrader 4 or MetaTrader 5 through which trades can be executed.
4. Plus500
Established in 2008, Plus500 is a popular and multi-regulated broker which offers competitive trading conditions from as little as $100.
Zimbabwean traders are offered with leverage up to 1:300, spreads from as little as 0.6 pips on EUR/USD, and zero commission charges when trading.
5. Exness
Exness has been operating since 2008 in providing traders from around the world with competitive trading conditions from as little as $1 when registering a live trading account.
When using Exness to facilitate the trade in Forex, traders can expect leverage up to 1:2000, spreads from 0.0 pips and low commissions from $3.5 per lot per side.
6. IC Markets
IC Markets is a well-regulated Australian and Seychelles-based ECN broker which offers the trade in numerous Forex pairs for a minimum deposit of $200 when registering a live account.
Zimbabwean traders have access to leverage up to 1:500, spreads from 0.0 pips and commissions that start from as little as $3 when using IC Markets to facilitate the trade of Forex.
Where Forex in Zimbabwe is concerned, Zimbabwean traders will find that there is no shortage in legit, reputable, and well-established Forex brokers who welcome Zimbabwean traders despite their level of skills, knowledge, and experience.
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