Updated: 05/16/2024

Best Forex Brokers in Zimbabwe

Best Forex Brokers in Zimbabwe Forex Trading In Zimbabwe As with most countries in Africa, forex…

Table of Contents

Best Forex Brokers in Zimbabwe 2024

HFM

  • Multiple Account Types
  • High Leverage
  • Low Trading Costs
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Pepperstone

  • Competitive spreads
  • Fast trade execution
  • Many trading platforms
  • Limited education
  • No fixed spread
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BlackBull

  • Robust trading technology
  • Multiple account types
  • Best Client Security
  • Limited education
  • High minimum deposit
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Vantage

  • Competitive spreads
  • Many Instruments
  • Many trading platforms
  • Limited education
  • High Minimum deposit
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AvaTrade

  • Many instruments
  • Friendly platforms
  • Multi-Regulated broker
  • Inactivity fees may apply
  • Limited educational resources
  • Customer support response varies
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Forex Trading In Zimbabwe

As with most countries in Africa, forex trading has seen a significant increase in popularity across Zimbabwe over the past few years. Although forex trading is legal in Zimbabwe, it is considered a grey area, and local residents are advised to trade with a broker who is authorized and regulated by the Securities and Exchange Commission of Zimbabwe (SECZ) – http://www.seczim.co.zw/

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

Forex Regulation in Zimbabwe

The Securities and Exchange Commission of Zimbabwe (SECZ) is the regulatory body for all financial services and activities in Zimbabwe. It was established in 2008 with the sole purpose to monitor all security and derivatives exchanges in the country. Nevertheless, it is not required to get authorization from the SECZ in order to offer financial services and forex trading to the residents of Zimbabwe.

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.

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Chad Smith

Chad Smith is the Director of Research & Analysis here at ForexBrokerListing.com. Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it. Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time.

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