Overview
Zimbabwe has seen significant evolution in forex trading over the past number of years as more forex traders have emerged and as trading technology has improved significantly.
Traders who are looking for the best regulated forex brokers in the industry who accept and accommodate Zimbabwean forex traders need not look further than the list below.
FXTM
Features
FXTM is a reputable and trusted STP and ECN broker which was founded in 2011 and operates offices spread across the United Kingdom, South Africa, Cyprus, and Mauritius.
FXTM accommodates Zimbabwean traders with more than 250 tradable financial instruments and competitive trading conditions. FXTM’s offer includes the perfect solutions for beginner traders as well as professionals.
Pros and Cons
| PROS | CONS |
| Well-regulated by strict entities | There may be restrictions on leverage for Zimbabwean traders |
| A choice between different retail trading accounts | |
| Low minimum deposit requirement |
FP Markets
Features
Established in 2005, FP Markets is a popular DMA, STP, and ECN broker based in Australia that is known for offering a wide range of instruments to both beginner and advanced traders from Zimbabwe, and the rest of the world.
While offering negative balance protection on retail accounts, FP Markets is also well-known for supporting a wide variety of trading strategies, and offering flexible funding methods such as bank wire, debit cards, credit cards, and a range of electronic payments.
Pros and Cons
| PROS | CONS |
| ECN Pricing model used | There may be leverage restrictions |
| Commission-free account offered | Fixed spreads are not offered |
| Negative balance protection |
XTB
Features
XTB was established in 2002 and it is an ECN, STP, and DMA broker which is headquartered in Belize, the UK, Germany, Spain, Poland, and France. XTB is not only a large and popular online broker, but it is also one of few listed on a stock exchange.
XTB has millions of traders who manage their trading activities through a powerful proprietary trading platform. XTB offers a competitive minimum deposit, negative balance protection, and trading solutions that cater to the trading needs of Zimbabwean traders.
Pros and Cons
| PROS | CONS |
| Well-regulated by reputable entities | There may be restrictions on leverage |
| Negative balance protection on retail accounts | There are no fixed spread accounts offered |
AvaTrade
Features
AvaTrade is one of the most popular options in online brokers as a trusted Market Maker and STP broker with multiple regulations and authorization in several regions and jurisdictions.
AvaTrade offers unique and tailor-made Zimbabwean traders whether they are novices, intermediate, or active traders.
Pros and Cons
| PROS | CONS |
| Fast and reliable trade execution speeds | Variable spreads are not offered |
| Multi-award-winning broker | There is only one retail account and one for professional traders |
XM
Features
XM was established in 2009 and is regulated by the Financial Conduct Authority, and several other reputable entities to offer its services in 196 worldwide countries to millions of traders, including Zimbabwean traders, regardless of their trading level and experience.
XM is known for its ultra-low minimum deposit, dedicated customer service, powerful online trading platforms between MetaTrader 4 and MetaTrader 5, along with a flexible mobile trading platform offered by the MetaTrader suite.
Pros and Cons
| PROS | CONS |
| Competitive trading conditions | Fixed spreads are not offered |
| Accepts any trading style |
eToro
Features
eToro is not only a well-regulated online broker but also the leading social trading platform in the industry, offering its proprietary trading platform across several devices, helping both beginner and experienced individual traders meet their trading needs and objectives.
Experienced traders can use the wide range of trading tools offered by eToro while beginners can benefit from the variety of educational materials that are offered on the website and through the trading software.
Pros and Cons
| PROS | CONS |
| Strict regulation | Fixed spreads not offered |
| Client fund security | Limited leverage for retail traders |
Exness
Features
Exness is another popular name in many forex trading circles in Zimbabwe. Known for its competitive trading conditions, Exness provides global clients with tailored financial services alongside investment solutions and many trading opportunities.
Pros and Cons
| PROS | CONS |
| Demo account offered | Accounts are not multi-currency |
| Global broker with strict regulation | Limited tradable instruments |
| Adequate leverage offered | |
| MetaTrader suite offered |
