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Best Forex Brokers In Zimbabwe 2025

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Written By
Michael MacKenzie
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Written By
Michael MacKenzie
Michael is a writer and editor with over a decade in journalism and publishing. His niche lies in editing and fact-checking content in the financial services sector, with a focus on online brokers and trading platforms. Michael previously reported on politics and economics in the Middle East and edits books for established publishers.
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Edited By
James Barra
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James Barra
James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.
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Fact Checked By
Jemma Grist
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Fact Checked By
Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
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Updated
Oct 9, 2024

To trade forex in Zimbabwe you will need to open an account with a broker. Although the Reserve Bank of Zimbabwe (RBZ) oversees forex trading domestically and is responsible for currency reforms that are combating the high inflation impacting the Zimbabwean Dollar, many residents turn to international brokers for their excellent platforms, fees and range of currency pairs.

Explore our pick of the best forex brokers in Zimbabwe. Every forex platform accepts traders from Zimbabwe and supports convenient deposit options like PayPal.

10 Top Forex Brokers In Zimbabwe

We have tested and analyzed hundreds of forex trading platforms and these 10 emerged as the best for traders in Zimbabwe:

Click a broker for details
  1. 1
    XM
    $30 No Deposit Bonus When You Register A Real Account
    Ratings
    3.8 / 5
    4.3 / 5
    4 / 5
    4 / 5
    3.8 / 5
    4.8 / 5
    4.3 / 5
    4.3 / 5
    4.7 / 5
    3.9 / 5
    $5
    0.01 Lots
    1:1000
    ASIC, CySEC, DFSA, IFSC
    CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies
    MT4, MT5, TradingCentral
    Credit Card, Debit Card, Skrill, Neteller, Wire Transfer, Perfect Money, Apple Pay, Google Wallet, TransferWise, Visa, M-Pesa
    USD, EUR, GBP, JPY
    Go To XM
  2. 2
    Vantage
    50% Welcome Deposit Bonus, earn redeemable rewards in the Vantage Rewards scheme
    Ratings
    4.6 / 5
    4.5 / 5
    4.5 / 5
    4.4 / 5
    4.3 / 5
    4.4 / 5
    4 / 5
    4 / 5
    3.6 / 5
    3.9 / 5
    $50
    0.01 Lots
    1:500
    FCA, ASIC, FSCA, VFSC
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds
    ProTrader, MT4, MT5, TradingView, DupliTrade
    Skrill, BPAY, JCB Card, AstroPay, Visa, Swift, Neteller, Wire Transfer, Credit Card, Debit Card, UnionPay, FasaPay, Sticpay, Bitwallet, Volet
    USD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD, PLN
    Go To Vantage
  3. 3
    PrimeXBT
    $100 Deposit Bonus
    Ratings
    2.8 / 5
    3.3 / 5
    4 / 5
    4 / 5
    3.8 / 5
    3.5 / 5
    3.5 / 5
    3.5 / 5
    0 / 5
    0 / 5
    $0
    0.01 Lots
    1:1000
    CFDs, Cryptos, Forex, Indices, Commodities, Futures
    Own
    Bitcoin Payments, Ethereum Payments, Credit Card, Debit Card
    USD, EUR, GBP
    Go To PrimeXBT
  4. 4
    IQ Option
    RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
    Ratings
    3 / 5
    3 / 5
    3.5 / 5
    3 / 5
    3.3 / 5
    3 / 5
    0.8 / 5
    2.5 / 5
    4.3 / 5
    4.2 / 5
    $10
    0.001 Lots
    1:500
    CFD, Forex, Crypto, Stocks, Digital Options
    Own
    Skrill, Yandex Money, QIWI, Wire Transfer, Alipay, Perfect Money, MoneyGram, Credit Card, Vietcombank Transfer, Volet, Maestro, Sofort, GlobePay, Boleto
    USD, EUR, GBP, ZAR
    Go To IQ Option
  5. 5
    FXCC
    100% First Deposit Bonus Up To $2000
    Ratings
    3.3 / 5
    3.5 / 5
    3 / 5
    4 / 5
    3.3 / 5
    4.3 / 5
    2 / 5
    2.5 / 5
    4.8 / 5
    4.4 / 5
    $0
    0.01 Lots
    1:500
    CySEC
    CFDs, Forex, Indices, Commodities, Crypto
    MT4
    Skrill, Neteller, Rapid Transfer, Sofort, Paysafecard, Visa, Bitcoin Payments, Credit Card, Debit Card, Mastercard, Wire Transfer, UnionPay, Ethereum Payments, Netbanx Asia, Boleto
    USD, EUR, GBP
    Go To FXCC
  6. 6
    XTB
    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
    Ratings
    4.6 / 5
    4 / 5
    4 / 5
    4.3 / 5
    4 / 5
    4.3 / 5
    4.1 / 5
    3.8 / 5
    4.7 / 5
    4.1 / 5
    $0
    0.01 Lots
    1:30 (EU) 1:500 (Global)
    FCA, CySEC, KNF, DFSA, FSC, SCA, Bappebti
    CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs
    xStation
    PayPal, Visa, Mastercard, Wire Transfer, Paysafecard, Skrill, Credit Card, Debit Card, Maestro, Neteller
    USD, EUR, PLN
    Go To XTB
  7. 7
    Axi
    72.4% of retail investor accounts lose money when trading CFDs with this provider
    Ratings
    3.8 / 5
    3.5 / 5
    3 / 5
    3.8 / 5
    3.5 / 5
    3.8 / 5
    3.5 / 5
    3.8 / 5
    3.6 / 5
    4.2 / 5
    $0
    0.01 Lots
    1:500
    FCA, ASIC, FMA, DFSA, SVGFSA
    CFDs, Forex, Stocks, Indices, Commodities, Crypto
    Axi Copy Trading, MT4, AutoChartist
    Neteller, Skrill, Credit Card, Debit Card, Visa, Mastercard, JCB Card, Wire Transfer, FasaPay, PIX Payment, Maestro, Boleto, Giropay, Sofort, POLi, BPAY, iDeal, Alipay, Airtel
    USD, EUR, GBP, CHF, PLN
    Go To Axi
  8. 8
    IG
    Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
    Ratings
    4.9 / 5
    4 / 5
    4.5 / 5
    3.5 / 5
    4.9 / 5
    4.5 / 5
    4.9 / 5
    5 / 5
    4.6 / 5
    4 / 5
    $0
    0.01 Lots
    1:30 (Retail), 1:250 (Pro)
    FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
    Web, ProRealTime, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral
    PayPal, Wire Transfer, Mastercard, Credit Card, Visa, Debit Card
    USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD
    Go To IG
  9. 9
    BDSwiss
    Ratings
    2.8 / 5
    3.5 / 5
    3.5 / 5
    3 / 5
    3.8 / 5
    3.9 / 5
    3.8 / 5
    3.8 / 5
    4.9 / 5
    2.8 / 5
    $10
    0.01 Lots
    1:2000
    FSC, FSA, SCA, MISA
    CFDs, Forex, Stocks, Indices, Commodities, Crypto
    BDSwiss WebTrader, MT4, MT5, AutoChartist, TradingCentral
    Sofort, Mastercard, Credit Card, Bitcoin Payments, Wire Transfer, M-Pesa, PIX Payment, Debit Card, Skrill, Neteller, AstroPay, Airtel, Visa
    USD, EUR, GBP
    Go To BDSwiss
  10. 10
    Videforex
    20% to 200% Deposit Bonus
    Ratings
    2.5 / 5
    3 / 5
    3.5 / 5
    3.3 / 5
    3.5 / 5
    4.5 / 5
    1.3 / 5
    1.3 / 5
    4.1 / 5
    4.4 / 5
    $250
    $0.01
    1:500
    Binary Options, CFDs, Forex, Indices, Commodities, Crypto
    TradingView
    Skrill, Perfect Money, Bitcoin Payments, Neteller, Credit Card, Visa, Mastercard, Ethereum Payments
    USD, EUR, GBP, AUD, RUB
    Go To Videforex

Here is a summary of why we recommend these brokers:

  1. XM - XM offers a strong selection of currency pairs with no re-quotes or hidden charges, while spreads have come down over the years, now starting from 0.8 pips on the EUR/USD in the commission-free account.
  2. Vantage - Vantage offers 55+ currency pairs - above the industry average, so experienced traders can explore plenty of opportunities. Vantage's deep liquidity pool provides forex spreads from 0.0 pips in the ECN account, lower than many alternatives. There are also no commissions, deposit fees or hidden charges.
  3. PrimeXBT - PrimeXBT offers forex trading on over 50 majors, minors and exotics with margin opportunities and zero commissions. The forex platform is fast, reliable and feature-rich based on our latest tests with 3 charts, 10 timeframes, and 91 technical studies - ideal for active trading strategies.
  4. IQ Option - IQ Option offers CFD trading on 24 forex assets, including major pairs and some minors. EU traders can access a maximum of 1:30 leverage in line with local regulations. The broker offers commission-free trades but spreads are on the high side so the brand does not excel in this area.
  5. FXCC - FXCC's key selling point is its forex trading conditions. ECN spreads come in as low as 0.0 pips during peak trading hours, while it supports a wider range of currency pairs than the majority of rivals with over 70 forex assets. Additionally, you have access to MT4, which was built specifically for forex trading and excels for its charting tools.
  6. XTB - XTB provides access to 70+ currency pairs with low spreads averaging around 1 pip on majors. The xStation platform offers an intuitive environment for forex traders with an excellent charting package encompassing 30+ indicators, plus a range of order types, catering to various strategies and risk management techniques.
  7. Axi - Axi’s 70+ currency pairs is its strongest market offering and beats out rivals like AvaTrade, which offers only 50+. Combine this with an elevated MT4 offering through the NextGen add-on, and Axi remains an excellent broker for forex traders.
  8. IG - IG offers an above-average suite of 80+ currency pairs on its proprietary web platform, mobile app or MetaTrader 4, with more advanced charts and forex analysis tools available on the ProRealTime software. Forex spreads are competitive based on tests, starting from 0.1 pips on majors like the EUR/USD.
  9. BDSwiss - BDSwiss sports over 50 currency pairs with the Raw account offering particularly attractive conditions for day traders, notably spreads from zero pips, execution speeds under 70 milliseconds, and dynamic leverage up to 1:2000 added in 2023.
  10. Videforex - Videforex offers trading on 35 currency pairs through leveraged CFDs with spreads from 0.1 pips. Alternatively, traders can use binaries to speculate on upward/downward price movements with payouts up to 98%. Integrated technical analysis, economic calendars, and market news, all available within the platform, help support FX trading decisions.

Best Forex Brokers In Zimbabwe 2025 Comparison

Best Forex Brokers In Zimbabwe 2025 Comparison
Broker Forex Assets EUR/USD Spread Forex App Rating Minimum Deposit Regulator
XM logo
55+ 0.8 4.7 / 5 $5 ASIC, CySEC, DFSA, IFSC
Vantage logo
55+ 0.0 4 / 5 $50 FCA, ASIC, FSCA, VFSC
PrimeXBT logo
45+ 0.1 3 / 5 $0 -
IQ Option logo
60+ 14 pips 4.5 / 5 $10 -
FXCC logo
70+ 0.2 3.4 / 5 $0 CySEC
XTB logo
70+ 1.0 4.8 / 5 $0 FCA, CySEC, KNF, DFSA, FSC, SCA, Bappebti
Axi logo
70+ 0.2 3.3 / 5 $0 FCA, ASIC, FMA, DFSA, SVGFSA
IG logo
80+ 0.8 4.9 / 5 $0 FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM
BDSwiss logo
50+ 0.3 4 / 5 $10 FSC, FSA, SCA, MISA
Videforex logo
35+ 0.1 2.5 / 5 $250 -

XM

"With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders, even earning our ‘Best MT4/MT5 Broker’ award in recent years."

Christian Harris, Reviewer

XM Quick Facts

Bonus Offer$30 No Deposit Bonus When You Register A Real Account
GBPUSD Spread0.8
EURUSD Spread0.8
EURGBP Spread1.5
Total Assets55+
Leverage1:1000
PlatformsMT4, MT5, TradingCentral
Account CurrenciesUSD, EUR, GBP, JPY

Pros

  • XM’s growing roster of 1,000+ instruments provides diverse short-term trading opportunities, with unique turbo stocks, fractional shares, and more recently thematic indices.
  • XM stands out for its commitment to trader education, with a wealth of well-presented resources, including webinars, tutorials, and even real-time trading sessions through XM Live.
  • XM’s Zero account is ideal for day trading with spreads from 0.0 pips, 99.35% of orders executed in <1 second, and no requotes or rejections.

Cons

  • Although trusted and generally well-regulated, the XM global entity is registered with the weak IFSC regulator and UK clients are no longer accepted, reducing its market reach.
  • While the XM app stands out for its usability and exclusive copy trading products, the selection of technical analysis tools needs to be improved to meet the needs of advanced traders.
  • XM is falling behind the curve by not offering cTrader and TradingView which are increasingly being favored over MetaTrader for their smoother user experience and superior charting packages.
Visit XM
XM Review

Vantage

"Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly."

Jemma Grist, Reviewer

Vantage Quick Facts

Bonus Offer50% Welcome Deposit Bonus, earn redeemable rewards in the Vantage Rewards scheme
GBPUSD Spread0.5
EURUSD Spread0.0
EURGBP Spread0.5
Total Assets55+
Leverage1:500
PlatformsProTrader, MT4, MT5, TradingView, DupliTrade
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD, PLN

Pros

  • Vantage has bolstered its algorithmic trading tools for advanced traders with AutoFibo EA identifying reversal opportunities
  • Vantage maintains its high trust score thanks to its strong reputation and top-tier regulation from the FCA and ASIC
  • The broker has recently made efforts to expand its suite of CFDs providing further trading opportunities

Cons

  • The average execution speeds of 100ms to 250ms are slower than alternatives based on tests
  • A steep $10,000 deposit is needed for the best trading conditions, which include the $1.50 commission per side
  • It's a shame that some clients will need to register with the offshore entity, which offers less regulatory protection
Visit Vantage
Vantage Review

PrimeXBT

"PrimeXBT is perfect for aspiring traders looking for crypto derivatives alongside traditional markets like forex and indices, all tradable on an intuitive, web-based platform. The copy trading solution is also ideal for hands-off traders with 5-star ratings and performance graphs to help you find the right trader."

William Berg, Reviewer

PrimeXBT Quick Facts

Bonus Offer$100 Deposit Bonus
GBPUSD SpreadVariable
EURUSD Spread0.1
EURGBP SpreadVariable
Total Assets45+
Leverage1:1000
PlatformsOwn
Account CurrenciesUSD, EUR, GBP

Pros

  • Maker and taker fees of at 0.01% and 0.02%, respectively, for crypto futures contracts are highly competitive within the industry.
  • Ultra-fast execution speeds, averaging 7.12ms, make PrimeXBT an excellent option for day traders looking to secure the best prices in volatile markets.
  • PrimeXBT has added fresh opportunities with new tokens for exchanging and funding, including 1Inch, Aave, and Injective.

Cons

  • While common in the crypto industry, PrimeXBT lacks authorization from a trusted regulator, seriously elevating the risk for retail traders.
  • The lack of integration with established platforms like MT4 will be limiting for traders familiar with the world’s most popular forex trading software.
  • Despite improvements, the selection of around 100+ instruments still seriously trails competitors, notably OKX with its 400+ assets.
Visit PrimeXBT
PrimeXBT Review

IQ Option

"IQ Option is a good broker for beginners with a slick platform and low minimum investment. New users can also open an account in three easy steps."

William Berg, Reviewer

IQ Option Quick Facts

GBPUSD Spread5 pips
EURUSD Spread14 pips
EURGBP Spread15 pips
Total Assets60+
Leverage1:500
PlatformsOwn
Account CurrenciesUSD, EUR, GBP, ZAR

Pros

  • Excellent range of payment methods
  • Reliable 24/7 multilingual support
  • User-friendly platform for beginners

Cons

  • €10 inactivity fee after 90 days
  • No MetaTrader 4 integration
Visit IQ Option
IQ Option Review

FXCC

"FXCC continues to prove itself an excellent option for forex day traders with an extensive range of 70+ currency pairs, ultra-tight spreads from 0.0 pips during testing, and high leverage up to 1:500 in the ECN XL account. "

Jemma Grist, Reviewer

FXCC Quick Facts

Bonus Offer100% First Deposit Bonus Up To $2000
GBPUSD Spread1.0
EURUSD Spread0.2
EURGBP Spread0.5
Total Assets70+
Leverage1:500
PlatformsMT4
Account CurrenciesUSD, EUR, GBP

Pros

  • Competitive and transparent ECN spreads from 0.0 pips with zero commissions, making FXCC one of the cheapest forex brokers
  • FXCC is trusted and licensed by the CySEC, a top-tier European regulator offering high standards of safeguarding
  • There are no deposit fees except industry-standard mining charges on cryptos, which is advantageous for active traders

Cons

  • There is a threadbare selection of research tools like Trading Central and Autochartist, value-add features available at category leaders like IG
  • While the range of currency pairs exceeds most alternatives, the selection of additional assets is narrow, and notably, there are no stocks
  • High withdrawal fees may catch out unsuspecting traders, including a significant $45 charge for bank wire payments
Visit FXCC
FXCC Review

XTB

"XTB stands out as a top choice for new day traders with the terrific xStation platform, commission-free pricing, no minimum deposit, and excellent educational tools, many of which are seamlessly integrated into the platform. "

Christian Harris, Reviewer

XTB Quick Facts

GBPUSD Spread1.4
EURUSD Spread1.0
EURGBP Spread1.4
Total Assets70+
Leverage1:30 (EU) 1:500 (Global)
PlatformsxStation
Account CurrenciesUSD, EUR, PLN

Pros

  • XTB has boosted its interest rate on uninvested balances (up to 4.75%) and added zero-fee ISAs for UK clients with 3,000 stocks and 700 ETFs for diverse opportunities.
  • With over 6,400 instruments across CFDs on shares, Indices, ETFs, Raw Materials, Forex, Crypto, Real shares, Real ETFs, share dealing and more recently Investment Plans, XTB caters to both short-term traders and longer-term investors.
  • XTB offers fast withdrawals with same-day payments if requested before 1 pm, ensuring day traders have quick access to their funds.

Cons

  • Not being able to adjust the default leverage level of XTB products is frustrating, as manual adjustment can significantly mitigate trade risk, especially in forex and CFD trading.
  • The research tools at XTB are good but could be great if they went beyond in-house features with access to leading third-party tools such as Autochartist, Trading Central and TipRanks.
  • XTB discontinued support for MT4, limiting traders to its proprietary platform, xStation, potentially deterring advanced day traders familiar with the MetaTrader suite.
Visit XTB
XTB Review

Axi

"Axi is a stand-out option if you want to day trade forex on the MetaTrader 4 platform thanks to the broker’s growing selection of 70+ currency pairs, the MT4 NextGen upgrade, and tight spreads from just 0.2 pips if you opt for the Pro account."

Christian Harris, Reviewer

Axi Quick Facts

GBPUSD Spread0.5
EURUSD Spread0.2
EURGBP Spread0.5
Total Assets70+
Leverage1:500
PlatformsAxi Copy Trading, MT4, AutoChartist
Account CurrenciesUSD, EUR, GBP, CHF, PLN

Pros

  • Axi's latest copy trading app is really intuitive based on our tests with useful filtering options to match strategies with individual risk preferences.
  • Advanced traders can now sign up for the Axi Select funded trader program through the broker’s offshore entity, providing funding up to $1 million with a 90% profit share.
  • Axi offers a terrific MT4 experience, enhanced with the NextGen plug-in for advanced order management and analytics, and complete with low execution latency of approximately 30ms.

Cons

  • Despite bolstering its stock CFDs in US, UK and EU markets, it’s still nowhere near as extensive as firms like BlackBull which offer thousands of equities for diverse opportunities.
  • Despite performing well whenever we use it, Axi's support is unavailable 24/7, which can be inconvenient for traders in different time zones or those needing assistance outside standard trading hours.
  • Axi still has our confidence but issues with the ASIC and FMA in recent years mean it needs to continue providing a secure environment while adhering to licensing conditions.
Visit Axi
Axi Review

IG

"IG continues to provide a comprehensive package with an intuitive web platform, best-in-class education for beginners, advanced charting tools bolstered by its recent TradingView integration, real-time data, and fast execution speeds for experienced day traders."

Christian Harris, Reviewer

IG Quick Facts

GBPUSD Spread0.9
EURUSD Spread0.8
EURGBP Spread0.9
Total Assets80+
Leverage1:30 (Retail), 1:250 (Pro)
PlatformsWeb, ProRealTime, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD

Pros

  • As a well-established broker, IG operates under strict regulatory guidelines in multiple jurisdictions, maintaining a high level of trust.
  • IG is amongst the best in terms of its range of instruments, which includes stocks, forex, indices, commodities, and cryptocurrencies, plus recently added US-listed futures and options, providing ample diversification opportunities.
  • The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met.

Cons

  • IG applies an inactivity fee of $12 per month after 2 years, deterring casual investors.
  • Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges.
  • IG has discontinued its swap-free account, reducing its appeal to Islamic traders.
Visit IG
IG Review

BDSwiss

"BDSwiss will suit day traders in search of fast execution, with 68.3ms median execution speeds, dynamic leverage up to 1:2000, and powerful charting tools. The catch is the dwindling regulatory oversight in recent years. "

Christian Harris, Reviewer

BDSwiss Quick Facts

GBPUSD Spread0.7
EURUSD Spread0.3
EURGBP Spread0.6
Total Assets50+
Leverage1:2000
PlatformsBDSwiss WebTrader, MT4, MT5, AutoChartist, TradingCentral
Account CurrenciesUSD, EUR, GBP

Pros

  • BDSwiss caters to a wide range of traders by offering Cent, Classic, VIP, and Raw accounts. Beginners can start with lower-risk Cent accounts, while experienced traders can benefit from VIP or Raw accounts that offer lower spreads and tighter spreads and commissions for high-volume trading.
  • BDSwiss offers fast and reliable execution, with median execution speeds of 68.3ms, no requotoes or rejections, and 74.8% zero or positive slippage during our latest evaluations.
  • BDSwiss had made strides to enhance its trading services, notably through its AI-enabled trend analysis tool added in 2021, plus a low spread account and dynamic leverage up to 1:2000 introduced in 2023.

Cons

  • After surrendering its CySEC (Cyprus) and FCA (UK) licenses, BDSwiss no longer accepts clients from the EU and UK. This limits its access to traders in highly regulated markets, reducing its appeal in those regions where stringent oversight might be a priority for users.
  • While the growing 900+ asset range is solid, specific categories, like cryptocurrencies and stocks, have fewer options than brokers offering thousands of shares or a more diverse crypto portfolio. Advanced traders looking for niche assets might feel constrained.
  • The BDSwiss WebTrader lacks customization, with no window resizing and no asset-specific filters for trading ideas, making for a limiting and frustrating user experience during testing.
Visit BDSwiss
BDSwiss Review

Videforex

"Videforex will serve traders looking for a no-frills, easy-to-use platform to speculate on the direction of popular financial markets through binaries. With a sign-up process that takes a matter of minutes and a web-accessible platform, getting started is a breeze. "

William Berg, Reviewer

Videforex Quick Facts

Bonus Offer20% to 200% Deposit Bonus
GBPUSD Spread0.1
EURUSD Spread0.1
EURGBP Spread0.1
Total Assets35+
Leverage1:500
PlatformsTradingView
Account CurrenciesUSD, EUR, GBP, AUD, RUB

Pros

  • Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, bringing it in line with competitors like IQCent.
  • Videforex is one of the few brokers with 24/7 multilingual video support, providing comprehensive assistance for active traders.
  • Videforex regularly runs trading contests, offering practice opportunities and cash prizes to beginners and experienced traders, with position sizes from just ¢0.01.

Cons

  • The client terminal needs improvements based on our latest tests, sporting sometimes slow and unresponsive widgets which could dampen the experience for day traders.
  • The absence of any educational tools is a serious drawback for newer traders who can find blogs, videos and live trading sessions at category leaders.
  • Videforex lacks authorization from a trusted regulator, meaning traders may receive little to zero safeguards like segregated client accounts.
Visit Videforex
Videforex Review

How We Choose Forex Brokers In Zimbabwe

To find the best forex trading platforms in Zimbabwe, there are several factors we, and you, should consider:

Trust

When you trade currencies through an online broker you need to be confident your money is secure.

This is especially important given Zimbabwean news reports of forex Ponzi schemes and managed account fraud. The country’s Reserve Bank has also warned that criminals are conducting illegal forex exchange operations via social media.

That’s why we only recommend forex brokers we trust – a judgement we make by weighing the strength of their regulatory credentials, years in the industry, reputation, and the observations of our hands-on testers.

  • Pepperstone continues to demonstrate it’s a highly trusted broker with licenses from top-tier watchdogs, including the FCA in the UK, the CySEC in Europe, and the ASIC in Australia. Also reassuring is its global client base of over 400,000 traders and long track record since 2010.

Currency Pairs

Having access to a wide range of forex assets can help you discover opportunities.

Our analysis shows that not many brokerages offer trading on the Zimbabwean Dollar, which has faced hyperinflation and even been taken out of circulation for periods. However, our top picks offer a wide choice of majors, minors and exotics, providing investors with diverse trading opportunities.

💡
Currencies like the South African Rand (ZAR) may provide a good alternative for traders in Zimbabwe, providing exposure to regional market fluctuations.
  • FOREX.com shines with its above-average selection of 80+ forex assets, including the ZAR paired with the USD, GBP, EUR and JPY.

Forex Platforms

If you’re making short-term forex trades, access to a fast, stable and intuitive charting platform is important.

MetaTrader 4 (MT4) continues to dominate the forex scene and is the most widely supported third-party platform by online brokers in Zimbabwe. It’s best for intermediate to advanced traders looking for rich technical analysis features and algo trading.

However, our years in the industry have shown us that the proprietary software provided by some brokers is increasingly strong, often sporting a more modern interface that makes for an attractive entry point for newer traders.

That’s why we favor forex brokers with platforms and apps that will serve forex traders of all levels and strategies, an assessment we make by personally testing software where practical.

Vantage's ProTrader available to forex traders in ZimbabweVantage – ProTrader

We also look for tools that offer frequent updates on the most significant global market movements as well as specialized data on regions like Southern Africa.

  • Vantage provides Zimbabwean forex traders with a first-rate toolkit that includes a slick bespoke platform and mobile app, plus MT4, MT5, and powerful third-party tools like ZuluTrade’s copy trader and Myfxbook’s automated solution.

Deposit Options

If you plan to make frequent deposits and withdrawals, choosing a forex broker with straightforward and low-cost payment methods is important.

This is especially important for traders in Zimbabwe where cash shortages have been reported and where mobile money and e-wallets are quickly becoming many people’s favored payment methods.

Our highest-rated forex trading platforms support classic card and wire transfers as well as fast and convenient alternatives, such as PayPal and EcoCash via PayNow, allowing you to fund your account with ease from Zimbabwe.

  • Pepperstone remains one of the best forex brokers that accepts traders from Zimbabwe with no minimum deposit and convenient funding options like PayPal.

Methodology

We leveraged our extensive database of forex brokers to focus on those accommodating traders in Zimbabwe, ranking them based on an aggregate score derived from critical factors, including:DayTrading.com broker testing methodology overview

  • Regulation by trusted authorities, if not Zimbabwe’s RBZ then respected watchdogs elsewhere.
  • A wide selection of currency pairs, featuring currencies of interest to traders in Zimbabwe, such as ZAR/USD.
  • An easy-to-use process for funding accounts, considering popular local methods such as PayPal and EcoCash.
  • Advanced yet user-friendly charting tools for capitalizing on forex market opportunities.

FAQ

Forex trading is legal in Zimbabwe. Day traders can sign up with online brokers, either onshore or offshore, to speculate on the price of currency pairs. Make sure to check the latest regulations and tax obligations in Zimbabwe.

Who Regulates Forex Trading In Zimbabwe?

Zimbabwe’s financial regulator is the Reserve Bank of Zimbabwe (RBZ), which oversees all foreign exchange activities in the country.

Because of the Zimbabwean Dollar’s instability in recent years, it’s a good idea to follow the RBZ’s latest announcements to stay updated about any changes to rules and regulations. For example, capital controls have been imposed in efforts to prevent the Zimbabwean Dollar’s slide.

How Much Money Do I Need To Start Forex Trading In Zimbabwe?

The amount of capital you need to begin forex trading in Zimbabwe depends on the broker’s minimum deposit. Although some require US$250 – around Z$80,000 – or more for an initial deposit, others like Pepperstone don’t have any minimum deposit, appealing to beginners.

Article Sources

The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com