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FP MarketsTraders in Zimbabwe face a number of challenges because of factors like hyperinflation, changes in currency, and a weak control over forex trading activities by regulatory bodies. To steer clear of a multitate trading challenges, it is highly advisable for traders from Zimbabwe to explore brokers with international regulations. The following are some of the best options you can explore:
Best Forex Brokers in Zimbabwe
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Investor Protection
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Specialized trading accounts
24/7 instant money withdrawal
Free VPS hosting
Pros
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Competitive Trading Conditions
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Wide Range of Tradable Instruments
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Advanced Trading Platforms
Cons
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Limited Regulatory Oversight for Some Entities
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Limited Educational Resources for Beginners
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Mixed User Reviews
Withdrawal fee
$0
Deposit fee
4.8
Max leverage
1:2000
Min deposit
$10
Top Regulators
FCA, CYSEC
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Specialized trading accounts
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24/7 instant money withdrawal
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Free VPS hosting
Pros
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Competitive Trading Conditions
-
Wide Range of Tradable Instruments
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Advanced Trading Platforms
Cons
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Limited Regulatory Oversight for Some Entities
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Limited Educational Resources for Beginners
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Mixed User Reviews
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:2000
Copy and Social Trading
Very Low Minimum Deposit
Multi Tier-1 Regulated Broker
Pros
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Very Low Minimum Deposit: Traders can get started with a deposit of $5.
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Negative Balance Protection: Traders cannot lose more funds than they have in their accounts with negative balance protection
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Extensive Tradable Instruments: Over 2,000 tradable instruments across forex, metals, oil, indices, shares, ETFs, and crypto.
Cons
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Promotions Not Universally Available: Some promotions are only available in selected regions.
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Neteller Payment Delays: Neteller withdrawals are subject to a 7-business-day waiting period after a deposit.
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Separate Site for EU Natives: EU residents are redirected to a separate, EU-regulated platform.
Withdrawal fee
$0
Deposit fee
4.8
Max leverage
1:1000
Min deposit
$5
Top Regulators
Yes
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Copy and Social Trading
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Very Low Minimum Deposit
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Multi Tier-1 Regulated Broker
Pros
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Very Low Minimum Deposit: Traders can get started with a deposit of $5.
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Negative Balance Protection: Traders cannot lose more funds than they have in their accounts with negative balance protection
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Extensive Tradable Instruments: Over 2,000 tradable instruments across forex, metals, oil, indices, shares, ETFs, and crypto.
Cons
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Promotions Not Universally Available: Some promotions are only available in selected regions.
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Neteller Payment Delays: Neteller withdrawals are subject to a 7-business-day waiting period after a deposit.
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Separate Site for EU Natives: EU residents are redirected to a separate, EU-regulated platform.
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:1000
Specialized trading accounts
Free VPS hosting
24/7 instant money withdrawal
Pros
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Multi-Regulated Broker: XM has multiple regulations including CySEC (Cyprus), FSC (Belize and Mauritius), FSA (Seychelles), and DFSA (Dubai).
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Variety of Bonuses: The broker offers an extensive range of bonuses including welcome, no-deposit, and seasonal offers that can boost capital and allow profit withdrawal.
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Consistent High Leverage and Low Spreads: The company offers consistently low spreads and a high leverage even during volatile market conditions.
Cons
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Not Available in the US: XM does not accept clients from the US. For traders based in restricted regions, it is best to look for other options.
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Offerings May Differ Based on Location: Payment methods, trading strategies, and bonuses may vary depending on your location.
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Inactivity Fees: XM charges a dormant fee when your account stays dormant for consecutive 90 days. You are charged an inactivity fee of $10 per month.
Withdrawal fee
$0
Deposit fee
4.8
Max leverage
1:1000
Min deposit
$5
Top Regulators
CySEC, FSCA, DFSA
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Specialized trading accounts
-
Free VPS hosting
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24/7 instant money withdrawal
Pros
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Multi-Regulated Broker: XM has multiple regulations including CySEC (Cyprus), FSC (Belize and Mauritius), FSA (Seychelles), and DFSA (Dubai).
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Variety of Bonuses: The broker offers an extensive range of bonuses including welcome, no-deposit, and seasonal offers that can boost capital and allow profit withdrawal.
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Consistent High Leverage and Low Spreads: The company offers consistently low spreads and a high leverage even during volatile market conditions.
Cons
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Not Available in the US: XM does not accept clients from the US. For traders based in restricted regions, it is best to look for other options.
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Offerings May Differ Based on Location: Payment methods, trading strategies, and bonuses may vary depending on your location.
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Inactivity Fees: XM charges a dormant fee when your account stays dormant for consecutive 90 days. You are charged an inactivity fee of $10 per month.
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:1000
4
Investor protection
Best For Reliable Trading
Not available in
Free VPS hosting
24/7 instant money withdrawal
Specialized trading accounts
Pros
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Extensive Range of Tradable Instruments
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Competitive Trading Conditions & Accounts
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Versatile Trading Platforms
Cons
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Regulated by an Offshore Regulator
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Limited Demo Account
Withdrawal fee
1%
Deposit fee
4.8
Max leverage
1:2000
Min deposit
$10
Top Regulators
No
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trusted
Not available in
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-
Free VPS hosting
-
24/7 instant money withdrawal
-
Specialized trading accounts
Pros
-
Extensive Range of Tradable Instruments
-
Competitive Trading Conditions & Accounts
-
Versatile Trading Platforms
Cons
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Regulated by an Offshore Regulator
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Limited Demo Account
- Withdrawal fee1%
- Deposit fee$0
- Max Leverage1:2000
Auto Trading
Copy Trading
Multiregulated Broker
Pros
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26,000+ Tradable Assets: BlackBull Markets provides access to more than 26,000 tradable instruments across 5 different asset classes.
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Multiple Trading Platforms: Traders can use MetaTrader 4, MetaTrader 5, TradingView, cTrader, and MetaTrader WebTrader. The broker also offers proprietary BlackBull Invest and BlackBull CopyTrader platforms.
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Extensive Variety of Tools and Third-Party Services: BlackBull offers access to VPS, ZuluTrade, Myfxbook, an Economic Calendar, and Trading Calculator.
Cons
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Flat Administrative Fee on Swap-Free Islamic Accounts: BlackBull Markets charges a flat administrative fee on swap-free trading accounts.
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$5 Withdrawal Fee: On every withdrawal, a withdrawal fee of $5 is applied to a trader’s account.
Withdrawal fee
$5
Deposit fee
4.8
Max leverage
1:500
Min deposit
$0
Top Regulators
Yes
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Auto Trading
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Copy Trading
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Multiregulated Broker
Pros
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26,000+ Tradable Assets: BlackBull Markets provides access to more than 26,000 tradable instruments across 5 different asset classes.
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Multiple Trading Platforms: Traders can use MetaTrader 4, MetaTrader 5, TradingView, cTrader, and MetaTrader WebTrader. The broker also offers proprietary BlackBull Invest and BlackBull CopyTrader platforms.
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Extensive Variety of Tools and Third-Party Services: BlackBull offers access to VPS, ZuluTrade, Myfxbook, an Economic Calendar, and Trading Calculator.
Cons
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Flat Administrative Fee on Swap-Free Islamic Accounts: BlackBull Markets charges a flat administrative fee on swap-free trading accounts.
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$5 Withdrawal Fee: On every withdrawal, a withdrawal fee of $5 is applied to a trader’s account.
- Withdrawal fee$5
- Deposit fee$0
- Max Leverage1:500
24/7 instant money withdrawal
Specialized trading accounts
Pros
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High Leverage Options
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Low Initial Deposit Requirements
Cons
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Lack of Proper Regulation
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Withdrawal Issues
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Poor Customer Support
Withdrawal fee
$0
Deposit fee
4.8
Max leverage
1:3000
Min deposit
$1
Top Regulators
No
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6
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24/7 instant money withdrawal
-
Specialized trading accounts
Pros
-
High Leverage Options
-
Low Initial Deposit Requirements
Cons
-
Lack of Proper Regulation
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Withdrawal Issues
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Poor Customer Support
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:3000
7
Investor protection
Doubly Insured Accounts
Not available in
Specialized trading accounts
Pros
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Trading Accounts for Different Types of Traders: VT Markets offers STP, ECN, Cent, and Swap Free trading accounts. The company also offers a demo account for 90 days.
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Multi Regulated Brokerage: VT Markets has multiple reputable regulations from South Africa, Dubai, and Mauritius.
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Investor Protection and Trader Insurance: The company is a part of The Financial Commission and Compensation Fund and has Lloyd’s Insurance with coverage of over €20,000 and $1M respectively for client funds.
Cons
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No Phone Support: VT Markets does not offer phone support.
Withdrawal fee
$0
Deposit fee
4.7
Max leverage
1:1000
Min deposit
$50
Top Regulators
Yes
Add to compare list
trusted
Not available in
Expand
-
Specialized trading accounts
Pros
-
Trading Accounts for Different Types of Traders: VT Markets offers STP, ECN, Cent, and Swap Free trading accounts. The company also offers a demo account for 90 days.
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Multi Regulated Brokerage: VT Markets has multiple reputable regulations from South Africa, Dubai, and Mauritius.
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Investor Protection and Trader Insurance: The company is a part of The Financial Commission and Compensation Fund and has Lloyd’s Insurance with coverage of over €20,000 and $1M respectively for client funds.
Cons
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No Phone Support: VT Markets does not offer phone support.
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:1000
24/7 instant money withdrawal
Specialized trading accounts
Free VPS hosting
High leverage
Pros
-
Regulated by Multiple Tier-1 Authorities
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Competitive Trading Conditions
-
Wide Range of Trading Platforms
Cons
-
Higher Commissions on Certain Platforms
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Limited Educational Resources Compared to Other Brokers
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Not Available Worldwide
Withdrawal fee
$0
Deposit fee
4.7
Max leverage
1:10000
Min deposit
$100
Top Regulators
FCA
Add to compare list
trusted
Not available in
8
Expand
-
24/7 instant money withdrawal
-
Specialized trading accounts
-
Free VPS hosting
-
High leverage
Pros
-
Regulated by Multiple Tier-1 Authorities
-
Competitive Trading Conditions
-
Wide Range of Trading Platforms
Cons
-
Higher Commissions on Certain Platforms
-
Limited Educational Resources Compared to Other Brokers
-
Not Available Worldwide
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:10000
Specialized trading accounts
Free VPS hosting
24/7 instant money withdrawal
Pros
-
Competitive Spreads
-
Comprehensive Educational Resources
-
Robust Customer Support
Cons
-
Limited Deposit and Withdrawal Options
-
Occasional Platform Glitches
-
Limited Regulatory Oversight in Certain Regions
Withdrawal fee
$0
Deposit fee
4.7
Max leverage
1:1000
Min deposit
$5
Top Regulators
No
Add to compare list
trusted
Not available in
9
Expand
-
Specialized trading accounts
-
Free VPS hosting
-
24/7 instant money withdrawal
Pros
-
Competitive Spreads
-
Comprehensive Educational Resources
-
Robust Customer Support
Cons
-
Limited Deposit and Withdrawal Options
-
Occasional Platform Glitches
-
Limited Regulatory Oversight in Certain Regions
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:1000
10
Investor protection
100% of Your Deposit Matched in Bonus Credit
Not available in
24/7 Multilingual Customer Service
Proprietary Copy Trading App
Pros
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Wide Range of Account Types: PU Prime provides a variety of account types designed to suit different trading styles and experience levels, from beginners to advanced traders.
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Great Leverage: Control larger positions using minimal capital, thanks to leverage of up to 1:1000. This allows you to maximize opportunities in the market but remember, while higher leverage can enhance potential gains, it also increases risk.
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24/7 Multi Channel Support: Round-the-clock assistance is provided by PU Prime through multiple channels, including live chat, email, and phone support. Services are offered in 18 languages, ensuring accessibility for a diverse range of traders.
Cons
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Slightly Higher Spreads: For no-commission accounts, spreads starting at 1.3 pips are slightly higher than the industry average.
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High Minimum Deposit: High minimum deposit for the low-spread and commission-based accounts
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No EU Regulations: Despite being regulated by 4 authorities, including top-tier ASIC, the broker does not offer dedicated EU regulation for European clients.
Withdrawal fee
$0
Deposit fee
4.6
Max leverage
1:1000
Min deposit
$20
Top Regulators
Yes
Add to compare list
trusted
Not available in
10
Expand
-
24/7 Multilingual Customer Service
-
Proprietary Copy Trading App
Pros
-
Wide Range of Account Types: PU Prime provides a variety of account types designed to suit different trading styles and experience levels, from beginners to advanced traders.
-
Great Leverage: Control larger positions using minimal capital, thanks to leverage of up to 1:1000. This allows you to maximize opportunities in the market but remember, while higher leverage can enhance potential gains, it also increases risk.
-
24/7 Multi Channel Support: Round-the-clock assistance is provided by PU Prime through multiple channels, including live chat, email, and phone support. Services are offered in 18 languages, ensuring accessibility for a diverse range of traders.
Cons
-
Slightly Higher Spreads: For no-commission accounts, spreads starting at 1.3 pips are slightly higher than the industry average.
-
High Minimum Deposit: High minimum deposit for the low-spread and commission-based accounts
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No EU Regulations: Despite being regulated by 4 authorities, including top-tier ASIC, the broker does not offer dedicated EU regulation for European clients.
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:1000