Business and Technology

5 Best Forex Brokers in Zimbabwe

Overview

With the forex market being the largest, most liquid financial market in the world, there is no surprise that more forex traders are emerging to participate and work towards earning some additional income.

Zimbabwean traders have a choice between some of the best and most accommodating regulated brokers in the world.

Plus500

Features

Plus500 may have a minimum deposit which is higher than average, but the online broker offers Zimbabwean traders access to a wide range of tradable financial instruments, social trading opportunities, and a reliable proprietary trading platform available across devices.

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Pros and Cons

PROS CONS
Multi-regulated Fixed spreads are not offered
FSCS member Limited educational materials
Wide range of more than 2,000 financial instruments
Dedicated customer support

RoboForex

Features

RoboForex is a popular option for Zimbabwean traders, offering competitive trading conditions, social trading opportunities, dynamic account types with variable spreads, and a wide variety of trusted payment methods for deposits and withdrawals.

Pros and Cons

PROS CONS
Variety of accounts offered There may be restrictions on leverage
More than 9,400 financial instruments offered Fixed spreads are not offered
Negative balance protection offered for retail trading accounts
Suitable for beginner traders

AvaTrade

Features

AvaTrade is a popular name in the forex trading industry, with the regulation and authorization to offer its trading solutions to traders from around the world, including Zimbabwean traders.

AvaTrade is known for offering a wide variety of trading tools, a range of reliable trading software, both third-party and proprietary, and a range of trading activities that will help both beginner and advanced traders along their trading journey to success.

Despite the trading experience of the trader, there is a variety of instruments, educational tools, a swap-free account option, and low, transparent trading costs.

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Pros and Cons

PROS CONS
Well-regulated Variable spreads not offered
Negative balance protection offered Not the tightest spreads
Multi-award-winning broker
Reliable trade execution

FXTM

Features

FXTM is a reputable and well-regulated broker that is known for its comprehensive trading conditions, user-friendly custom trading platform, unique solutions for Islamic traders, and more, as part of its comprehensive offering.

With FXTM, Zimbabwean traders can rest assured that they will receive the best in the industry and that their funds are always safeguarded.

Pros and Cons

PROS CONS
More than 250 financial instruments offered The professional account offers the best trading conditions
Multiple account types offered
Low minimum deposit requirement

XM

Features

XM is a large, well-established, and reputable broker that serves 196 worldwide countries, including Zimbabwe. When trading with XM, traders are given access to tight spreads, low commissions, high leverage, a range of analytical tools, and more.

XM is known for its low trading costs, reliable mobile trading, excellent reputation, and range of educational materials that ensure that beginner traders are well prepared for a live trading account using real money.

Pros and Cons

PROS CONS
Strict regulation by multiple entities Fixed spreads not offered
Negative balance protection offered on retail trading accounts There may be some restrictions in leverage offered to Zimbabwean traders
Multi-award-winning online broker
Superior trading conditions offered

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