Best Forex Brokers To Trade With in Zambia for 2020

Top Brokers

Forex Trading In Zambia

As with most countries in Africa, forex trading has seen a significant increase in popularity across Zambia over the past few years. Although forex trading is not illegal in Zambia, it is considered a grey area and local residents are advised to trade with a broker who is authorized by the Bank of Zambia – https://www.boz.zm/

If you want to learn more about forex trading and how it works , click here to visit our Beginners Guide to Forex.

Featured Forex Brokers

We decided to do all the hard work for you and guide you through the all the noise of the financial betting market. Our team of expert analysts, has created a unique collection of forex broker reviews, based on various criteria and data points for you to choose from.

Markets.com

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FPMarkets

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Veracity Markets

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CMTrading

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Forex Regulation in Zambia

The Central Bank of Zambia is the regulatory body for all financial services and activities in Zambia. It was established in 1938 and implements all reforms on the country’s monetary policy. Nevertheless, it is not required to get authorization from the Bank of Zambia, in order to offer financial services and forex trading to the residences of Zambia.

However, it is advised to choose a regulated broker with a Tier 1 license like Cysec, FCA, FSCA or ASIC to make sure your funds are protected.

Top Brokers

Best Forex Brokers In Zambia

Here is a breakdown of the best forex brokers to trade with in Zambia:

  • XMLow trading Cost, Good for Beginners
  • FP Markets – Best Execution , Great Platform
  • GlobeX360Excellent all round offering, Many Bonus Promotions
  • IQOptionBest Performance Overall
  • AvatradeGreat Trading Platform
  • Etoro – Best Copy Trading Platform
  • Octafx – Great Customer Support
  • OlympTrade – Best Mobile Trading App

Broker Comparison List In Zambia

Methodology

All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas. 

Our reviews are a combination of data research and working along side with the brokers. All information povided by the brokers are double checked to guarantee 100% accuracy and that we remain unbiased.

Read more about our methodology and how we do our tests and reviews here.