10 Best Forex Brokers in Zimbabwe

 

 

The Top 10 Best Forex Brokers in Zimbabwe revealed. We have rated and reviewed the best Forex Brokers accepting Zimbabwean Traders.

 

This is a complete listing of The 10 Best Forex Brokers in Zimbabwe. In this in-depth write-up you will learn:

 

• Who is the Best Suited Broker for Beginner Zimbabwean Traders?
• Pros and Cons of Forex in Zimbabwe.
• ZWL Accounts and how they work.
• Z$ Costs of Trading Forex

 

 

and much, much more!

 

 

Zimbabwe Dollar (ZWD) – A Definition

 

The Zimbabwe dollar (ZWD) was the official currency for the Republic of Zimbabwe from 1980 to 2009.  Since 2019, Zimbabwe has relied on several foreign currencies such as the U.S. dollar, Euro, and South African Rand

 

 

10 Best Forex Brokers in Zimbabwe in 2025 – A Comparison

 

🔎 Broker	🤝 Accepts Zimbabwean Traders	💰 Minimum Deposit (USD)	💰 Minimum Deposit (ZK)	🚀 Open an Account
🥈 Exness	☑️ Yes	$100 USD	ZK 1694	👉 Click Here
🥇 AvaTrade	✅ Yes	$100 USD	ZK 1694	👉 Click Here
🥉 HFM	✅ Yes	$5 USD	ZK 85	👉 Click Here
🏅 Khwezi Trade	☑️ Yes	$13 USD	ZK 220	👉 Click Here
📌 IG	✅ Yes	$140 USD	ZK 2370	👉 Click Here
📌 FXCM	☑️ Yes	$300 USD	ZK 5080	👉 Click Here
📌 Tickmill	✅ Yes	$100 USD	ZK 1694	👉 Click Here
📌 Trade Nation	☑️ Yes	$100 USD	ZK 1694	👉 Click Here
📌 FBS	✅ Yes	$1 USD	ZK 26.15	👉 Open Account
📌 FXTM	☑️ Yes	$10 USD	ZK 170	👉 Click Here

 

 

10 Best Forex Brokers in Zimbabwe (2025)

 

1. ☑️ Avatrade – Overall, the Best Broker in Zimbabwe
2. ☑️ Exness – Well-Regulated Forex Broker
3. ☑️ HFM – High Zimbabwean Trust Score
4. ☑️ Khwezi Trade – Best Online Trading Experience
5. IG – Low Z$ Minimum Deposit
6. FXCM – Excellent Technical Tools
7. Tickmill – Lowest Overall Costs in Zimbabwean Dollar
8. Trade Nation – Award-Winning Broker in Southeast Africa
9. FBS – Competitive Fees and Spreads
10. FXTM – Best Globally Regulated Broker

 

 

AvaTrade

 

Overall, Avatrade is considered a low-risk and can be summarised as a trustworthy forex broker. Regarding spread and security, Avatrade guarantees fast trading speeds and secure trading conditions. In terms of users, Avatrade has more than 500 000 registered clients globally.

 

AvaTrade Overview

 

🔎 Broker	🥇 AvaTrade
💰 Minimum Deposit	$100 USD
🚀Bonus	Open a trading account in 1 minute and receive up to $ 10.000 Bonus.
📱 MetaTrader 4 (MT4)	Yes
📱 MetaTrader 5 (MT5)	Yes
📊Trading Islamic Account	Yes
🎮 Demo account provided	Yes
🚀 Open an Account	👉 Click Here

 

 

AvaTrade Pros and Cons

 

✅ Pros	❌ Cons
Fee Free Deposit	Limit Offers
Low Trading Fees	Inactivity Fee
User Friendly	Administration Fee

 

 

 

Exness

 

Overall, Exness can be summarised as a trustworthy and worthwhile broker that is very competitive in terms of its trading fees (against major currency pairs). The spread is also very low and offers a sign-up bonus for 1st-time traders.

 

Exness Overview

 

🔎 Broker	🥇 Exness
💰 Minimum Deposit	$10 USD
📉 Regulation and Licenses	FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA
🎁 Bonuses	None
⏰ Support Hours	24/7
🖱️ Trading Platforms	MetaTrader 4, MetaTrader 5, Exness Terminal, Exness App
📌 Account Types	Standard, Standard Cent, Raw Spread, Zero, Pro, Demo, Islamic
📍 Spreads	From 0.0 pips EUR
💹 Leverage	Unlimited
🪙 Currency Pairs	100+
💵 Minimum Deposit	10 USD
💶 Inactivity Fee	None
💷 Fees and Commissions	Spreads from 0.0 pips, commissions from $0.1
🤝 Affiliate Program	✅Yes
🅰️ Scalping	✅Yes
🅱️ Hedging	✅Yes
📐 Trading Instruments	Forex, Commodities, Stocks, Indices, Cryptocurrencies
🚀 Open an Account	👉 Click Here

 

 

Exness Pros and Cons

 

✅Pros	❌Cons
Strictly regulated	No US Clients
Negative balance protection offered	Limited tradeable financial instruments
MT4 and MT5	Accounts are not multi-currency

 

 

 

 

 

HFM

 

HFM can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads on 100+ trading instruments. It is regulated by one tier-1 regulator (highest trust) and three tier-2 regulators.(medium trust) It has a trust score of 95% out of 100.

 

HFM Overview

 

🔎 Brokers Name	🥇 HFM
📌 Year Founded	2010
👤 Amount of Staff	200+
👥 Amount of Active Traders	1,000,000+
📍 Publicly Traded	None
🛡️ Regulation	FCA, CySEC, DFSA, FSA, FCA, CMA
🌎 Country of Regulation	Multiple countries
📈 Account Segregation	✅Yes
📉 Negative Balance Protection	✅Yes
📊 Investor Protection Schemes	✅Yes
🅰️ Institutional Accounts	✅Yes
🅱️ Managed Accounts	✅Yes
💴 Minor Account Currencies	USD, EUR, GBP, JPY
💶 Minimum Deposit	None
⚡ Average Deposit/Withdrawal Processing Time	1-3 business days
💵 Fund Withdrawal Fee	Varies
⚙️ Spreads From	0.0 pips
💷 Commissions	Variable
🔢 Number of Base Currencies	40+
🔃 Swap Fees	Varies
🔖 Leverage	Up to 1:1000
🏷️ Margin Requirements	Varies
☪️ Islamic Account	✅Yes
🆓 Demo Account	✅Yes
🖥️ Order Execution Time	Instant - few seconds
💻 VPS Hosting	✅Yes
📈 CFDs Total	150+
📉 CFD Stock Indices	✅Yes
📊 CFD Commodities	✅Yes
💹 CFD Shares	✅Yes
⏩ Deposit Options	Bank transfer, credit/debit, e-wallets, crypto
▶️ Withdrawal Options	Bank transfer, credit/debit, e-wallets, crypto
🖱️ Trading Platforms	MetaTrader 4, MetaTrader 5
📌 OS Compatibility	Windows, macOS, iOS, Android
📍 Forex Trading Tools	Charting tools, technical indicators, automated trading options
🥰 Live Chat	✅Yes
☎️ Support Contact Number	Varies by Region
💙 Social Media Platforms	Facebook, Twitter, Instagram, LinkedIn
🔊 Languages Supported	Multiple
✏️ Forex Course	✅Yes
📔 Webinars	✅Yes
📚 Educational Resources	Articles, eBooks, videos, webinars
🤝 Affiliate Program	✅Yes
🫶 Amount of Partners	Numerous
🫰🏻 IB Program	✅Yes
⭐ Notable Events or Teams	✅Yes
💰 Rebate Program	✅Yes
🚀Open an Account	👉 Click Here

 

 

HFM Pros and Cons

 

✅ Pros	❌ Cons
FSCA Regulated	Limited Deposit Options
ZAR Accounts	Lack of Education

 

 

 

 

Khwezi Trade

 

Khwezi Trade can be summarised as a trustworthy, proudly South African broker with a good reputation that provides user-friendly trading conditions to its clients. A Khwezi Trade Live trading account can be opened with a minimum deposit amount of R500 ZAR.

 

Khwezi Trade Overview

 

🔎 Broker	🥇 Khwezi Trade
💰 Min Deposit	R500 ZAR
📈 Max Leverage	1:400
💻 Broker Type	Market Marker
📝 Regulation	FSCA
🎉 Bonus	Up to 30%
🚀 Open an Account	👉 Click Here

 

 

Khwezi Trade Pros and Cons

 

✅ Pros	❌ Cons
FSCA Regulated	Limited Deposit Options
ZAR Accounts	Lack of Education

 

 

 

 

IG

 

IG Group can be summarised as a trustworthy broker that provides user-friendly trading conditions and quality educational material. It can be considered a low-risk option that is an excellent fit for pro traders.

 

IG Overview

 

🔎 Broker	🥇 IG Group
💰 Trading Fee Class	High
💵 Inactivity Fee	☑️ Yes
💳 Min. Deposit	$140 USD
📌 Base Currencies	6
🆓 Demo Account	☑️ Yes
⚙️ Products Offered	ETF/Forex/Options
🚀 Open an Account	👉 Click Here

 

 

IG Pros and Cons

 

✅ Pros	❌ Cons
Excellent Web-Trading Platform	High Fees
Educational Tools	Limited Product Portfolio
Great deposit and withdrawal options	Lacking Support

 

 

 

 

FXCM

 

Overall, FXCM is considered a low-risk and can be summarised as trustworthy and reliable. In terms of trading conditions, FXCM offers a user-friendly trading environment with low spreads and high leverage. The company has an overall trust score of 92 out of 99.

 

FXCM Overview

 

🔎 Broker	🥇 FXCM
📝 Regulation	FCA
💰 Min. Deposit	$50 USD
🔁 Spread from	1.4
📈 Tradeable Symbols	276
✅ Forex Pairs	42
📌 Crypto	❌ No
💻 Trading Platform	MT4
🚀 Open an Account	👉 Click Here

 

 

FXCM Pros and Cons

 

✅ Pros	❌ Cons
User Friendly	Limited Product Portfolio
Good Technical Tools	High Fees

 

 

 

Tickmill

 

Overall, Tickmill is very competitive in terms of its trading fees and spreads. Tickmill can be summarised as a safe and credible regulated broker with a trust score of 97 out of 99 (High Trust).

 

Tickmill Overview

 

🔎 Broker	🥇 Tickmill
Company Information
🗓Year Founded	2014
👥Amount of Staff	Over 150
🧑🏽‍🤝‍🧑🏽Amount of Active Traders	100,000+
📌Publicly Traded (Listed Company)	No
Regulation and Security
🛡️ Regulation	FCA, CySEC, FSA, FSCA
🏦Country of Regulation	UK, Cyprus, Seychelles, South Africa
💴Account Segregation	✅Yes
🔑Negative Balance Protection	✅Yes
📑Investor Protection Schemes	✅Yes, , up to €20,000 under CySEC
Account Types and Features
👤Institutional Accounts	✅Yes
📒Managed Accounts	No
📋Minor Account Currencies	✅Yes
🪙Minimum Deposit	$100
Trading Conditions
💷Average Deposit/Withdrawal Processing Time	Within 24 hours
💵Fund Withdrawal Fee	No fees on most methods
📉Spreads From	0.0 pips (for Pro Accounts)
📈Commissions	$2 per side per lot (Pro Accounts)
💹Number of Base Currencies Supported	10+
📊Swap Fees	✅Yes
↪️Leverage	Up to 1:500
📌Margin Requirements	✅Yes
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏰Order Execution Time	0.20 seconds
📲VPS Hosting	✅Yes
Trading Instruments
📍CFDs-Total Offered	80+
📍CFD Stock Indices	15+
📍CFD Commodities	8
📍CFD Shares	50+
Deposits and Withdrawals
💳Deposit Options	Bank Wire, Credit/Debit Card, Skrill, Neteller, FasaPay
🪙Withdrawal Options	Bank Wire, Credit/Debit Card, Skrill, Neteller, FasaPay
Trading Platforms and Tools
🖥️Trading Platforms	MetaTrader 4, MetaTrader 5
📱OS Compatibility	Windows, Mac, iOS, Android
⚙️Forex Trading Tools	Autochartist, VPS, Economic Calendar
Customer Support
🗣️Live Chat Availability	✅Yes
📧Customer Support Email Address	support@tickmill.com
📞Customer Support Contact Number	+44 203 995 2388
🖥Social Media Platforms	Facebook, Twitter, LinkedIn, YouTube
🔖Languages Supported on FBS Website	English, Spanish, French, Italian, German, Chinese, Russian, Arabic
Educational Resources and Support
📜Forex Course	✅Yes
🖥Webinars	✅Yes
📚Educational Resources	✅Yes, including tutorials and articles
Partnerships and Programs
🤝Affiliate Program	✅Yes
👥Amount of Partners	Over 500
🗂IB Program	✅Yes
❓Do They Sponsor Any Notable Events or Teams?	No
✅Rebate Program	✅Yes
🚀 Open an Account	Open Account

 

 

 

Tickmill Pros and Cons

 

✅ Pros	❌ Cons
Well-Regulated	Limited Platforms
Full MetaTrader Suite	Less Competitive Pricing on Classic account
Low Minimum Deposit	Commission on Raw Accounts
Competitive Spreads	Limited Educational Resources
No Commissions on Classic Account	Withdrawal Fees on Certain Methods
Flexible Account Options	No Managed Accounts
User-Friendly Platforms	Limited Research Tools

 

 

 

Trade Nation

 

Trade Nation is considered a low-to-medium risk broker with an overall trust score of 79 out of 99. Trade Nation can be summarised as trustworthy and reliable being regulated and licensed by the FCA, ASIC, FSCA, and SCB (high trust).

 

Trade Nation Overview

 

🔎 Broker	🥇 Trade Nation
💰 Min Deposit	None
📝 Regulation	FCA / FSCA
🆓 Demo Account	☑️ Yes
☪️ Islamic Account	❌ No
➕ Max Leverage	1:30
💻 Trading Platforms	MetaTrader4 / CoreTrader2
📈 Institutional Accounts	☑️ Yes
📉 Managed Accounts	☑️ Yes

 

 

Trade Nation Pros and Cons

 

✅ Pros	❌ Cons
Cash Back Rewards	High Forex Fees
Excellent Resources	No Account Tiers
Good Customer Support	Lacking Safety
No Min. Deposit	No Crypto trading

 

 

 

 

 

FBS

 

FBS is a leading, global Forex Broker that offers access to various financial instruments. FBS offers access to free real-time quotes, fast order execution, and Leverage of up to 3000:1.

 

🔎 Broker	🥇 FBS
💰 Min Deposit	$1 USD
💳 Demo Account	✅ Yes
🔁 Spreads	from 0.07 pips
📊 Leverage	3000:1
💱 Base Currencies	72+
💰 Withdrawal fee	Free, but may depend on payment method
💰Deposit Fee	Free, but may depend on payment method
🚀 Open an Account	👉 Open Account

 

 

FBS Pros and Cons

 

✅ Pros	❌ Cons
Low Minimum Deposit	Limited Investor Protection
High Leverage	Fees on Some Services
Multiple Trading Platforms	Variable Spread Costs
Demo Accounts	High Leverage Risks

 

 

FXTM

 

FXTM can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and trading facilities on shares, forex, commodities, cryptocurrencies, ETFs, options, and indices to a global market.

 

FXTM Overview

 

🔎 Broker	🥇 FXTM
📝 Regulation	FCA / FSCA
💰 Min. Deposit	$10 USD
☪️ Islamic Account	☑️ Yes
🆓 Demo Account	☑️ Yes
📈 Max Leverage	1:2000

 

 

FXTM Pros and Cons

 

✅ Pros	❌ Cons
Excellent Customer Service	High Stock CFD Fees
Great Educational Tools	Inactivity Fee
No Deposit Fee	No Price Alert

 

 

Conclusion

 

👉 Now it is your turn to participate:

 

➡️ Which Zimbabwean broker from this list do you intend to test out?

➡️ What was the determining factor in your decision to engage with a certain broker?

➡️ Was it because of the Z$ minimum deposit or the Pros and Cons?

 

👉 Regardless, please share your thoughts in the comments below.

 

 

You might also like:  AvaTrade Review

You might also like:  HFM Review

 

Disclaimer

 

Traders need to understand and remember that CFDs are leveraged, complex products that may be accompanied by the risk of incurring losses that may exceed the initial deposit of the trader.

Traders need to ensure that they understand their risk exposure and they need to determine whether the risk involved is suited to them before making trading decisions that could result in loss of capital.

 

 

Frequently Asked Questions

 

 

Is forex trading legal in Zimbabwe?

 

Yes, forex trading is legal in Zimbabwe. The Reserve Bank of Zimbabwe (RBZ) regulates the foreign exchange market in Zimbabwe, and individuals and businesses are allowed to trade in foreign currencies through authorized dealers, such as commercial banks and bureaux de change. However, it is important to note that there are certain restrictions and regulations that traders must comply with, such as the need to obtain a license from the RBZ to conduct foreign exchange trading activities. It is recommended that individuals consult with a licensed financial advisor or legal expert for further information on the regulations and requirements for forex trading in Zimbabwe.

 

What types of accounts are offered by forex brokers in Zimbabwe?

 

Here are some of the most common account types offered by forex brokers in Zimbabwe:  Demo and Standard accounts, ECN accounts, Islamic accounts and VIP accounts.

 

 

How many forex traders are currently active in Zimbabwe?

 

The rough estimate is approximately 10 000 active Zimbabwean traders per month.

 

Is forex trading popular in Zimbabwe?

 

The forex market in Zimbabwe has been growing in recent years, and there are many local and international forex brokers that offer trading services to traders in Zimbabwe. The increasing popularity of forex trading in Zimbabwe can be attributed to factors such as the ease of access to the internet, the availability of trading platforms, and the potential for profits in the volatile forex market.

 

Which trading platforms are supported by forex brokers in Zimbabwe?

 

Forex brokers in Zimbabwe supports a variety of trading platforms, including both proprietary and third-party platforms. Here are some of the most popular trading platforms used by forex brokers in Zimbabwe:

 

1. MetaTrader 4 (MT4): This is the most widely used trading platform in the forex industry, known for its user-friendly interface, advanced charting tools, and automated trading capabilities.
2. MetaTrader 5 (MT5): This is the successor to MT4, and offers advanced features such as more technical indicators, improved charting capabilities, and a multi-asset trading environment.
3. cTrader: This is a popular third-party platform known for its advanced charting tools, algorithmic trading capabilities, and social trading features.
4. WebTrader: This is a browser-based platform that allows traders to access their trading accounts from anywhere with an internet connection, without having to download or install any software.
5. Mobile trading apps: Many brokers in Zimbabwe also offer mobile trading apps for iOS and Android devices, allowing traders to access the markets on-the-go.