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5 Top Regulated Forex Brokers in Zimbabwe

Overview

Because of advancements in trading technology and with more regulated brokers infiltrating the African forex market, more Zimbabwean traders can participate in forex trading.

For the best forex brokers in Zimbabwe, please see the in-depth review of each below.

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GO Markets

Features

GO Markets is a familiar name in the trading industry, with more than 15 years of experience in facilitating the trade of more than 250 financial instruments.

GO Markets offers competitive trading conditions to both beginner traders as well as professionals. This consists of a low minimum deposit, low and transparent trading costs, tight and variable spreads, and a choice in trading accounts.

Pros and Cons

PROS CONS
Well- and regulated No fixed spreads
Commission-free trading offered  
MetaTrader 4 and MetaTrader 5 offered  

 

easyMarkets

Features

easyMarkets is one of the best online brokers that offers trading opportunities to Zimbabwean traders, regardless of their trading strategies, trading style, or skill level. easyMarkets offers a wide range of educational tools, tight spreads, and a wide variety of flexible payment methods.

Pros and Cons

PROS CONS
Commission-free trading offered Forex spreads start from 1 pip
Fixed spread accounts offered Variable spreads not offered
Free guaranteed stops  
Negative balance protection offered  

 

Markets.com

Features

Markets.com is a reputable broker with offices in South Africa, Australia, and Cyprus with respective regulations in each jurisdiction. Markets.com offers Zimbabwean traders a wide range of financial markets, a low minimum deposit, and a reliable trading platform through which trades can be executed seamlessly.

Markets.com offers a wide range of trading tools and supports several trading strategies and trading styles.

Pros and Cons

PROS CONS
Strict regulation No regulation by FCA
Wide variety of financial instruments No US Clients
Commission-free accounts offered Best trading conditions requires a professional account

 

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FXPrimus

Features

FXPrimus is known as one of the best online brokers for both novice and active traders who want the best trading conditions, a safe trading environment, and comprehensive, commission-free trading options.

With FXPrimus, Zimbabwean traders can expect negative balance protection on retail investor accounts, tight and variable spreads, and competitive trading conditions that are suited for all experience levels.

With a competitive minimum deposit, access to powerful trading software, forex trading as well as trade in several other asset classes, FXPrimus is one of the best options for beginner, intermediate, and advanced traders.

Pros and Cons

PROS CONS
Well-regulated No regulation with the Financial Conduct Authority
Negative balance protection offered There may be restrictions on leverage
Commission-free trading on some accounts  

 

Read more: How to spot a forex scam in Zimbabwe

HotForex

Features

HotForex is one of the most popular online brokers that offer a choice in retail investor accounts, tight spreads, low commissions, and a low minimum deposit requirement.

With HotForex, Zimbabwean traders, regardless of their trading experience or background, can expect some of the best trading conditions and award-winning service. HotForex offers updated live market data and analysis, real-time exchange rates, and a choice in trading platforms.

Pros and Cons

PROS CONS
Strictly and well-regulated None noted
Strong international presence  
Competitive trading conditions offered  

 

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