Overview
With an influx in forex traders across the African continent, Zambia is one of the countries that has seen an increased emergence of both beginner traders alongside professional traders.
For the best regulated forex brokers in Zambia, Zambian traders need not look further than the list provided below.
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Exness
Features
Exness is a reputable forex broker that has been in operation since 2008. Exness offers a wide range of financial instruments which can be traded through powerful trading platforms such as MetaTrader 4 and MetaTrader 5.
Exness offers Zambian traders competitive trading conditions, flexible trading solutions, and a plethora of trading opportunities.
Pros and Cons
| PROS | CONS |
| Strict regulations and authorization | Accounts are not multi-currency |
| Decent maximum leverage offered | |
| Powerful trading platforms supported | |
| Variety of financial instruments |
Globex360
Features
Globex360 is a regulated online broker that offers access to a range of financial markets including foreign exchange, the stock market, cryptocurrencies, and more.
Zambian traders can expect comprehensive trading conditions, transparent trading costs, reliable deposit and withdrawal methods, tight spreads, and a low minimum deposit.
Pros and Cons
| PROS | CONS |
| Social trading supported | Lack of live chat support |
| Well-regulated |
IFC Markets
Features
IFC Markets is another reputable broker that offers Zambian traders a wide range of currency pairs, stocks, indices, cryptocurrencies such as Bitcoin and Ethereum, and several financial instruments.
Apart from forex trading, IFC Markets is one of many online brokers that offers advanced technical analysis, and a wide range of trading strategies and trading styles that can be used on the popular MT4 forex trading platform.
Pros and Cons
| PROS | CONS |
| Strict EU Regulation | Social trading is not supported |
| Advanced proprietary trading platform |
HYCM
Features
HYCM is one of the largest online brokers that has been around for years. Zambian brokers who are looking for some of the best trading solutions can use HYCM to connect to global financial markets.
With HYCM, forex traders have fixed and variable spreads, low commissions, and reliable trade execution speeds.
Pros and Cons
| PROS | CONS |
| Well-regulated | Only two trading platforms offered |
| Commission-free trading offered |
FxPro
Features
FxPro is a multi-regulated NDD broker that offers Zambian traders a comprehensive, all-inclusive offer. FxPro supports the use of many trading strategies combined with different trading styles.
Pros and Cons
| PROS | CONS |
| Strict and multiple regulations | Managed accounts and social trading not supported |
| Multiple modern trading platforms |
Plus500
Features
Plus500 is well-known in Zambia as one of the best online brokers that offer proprietary trading software to both beginner traders as well as professionals.
With more than 2,000 tradable instruments, Zambian traders have a plethora of trading opportunities across several global financial markets.
Pros and Cons
| PROS | CONS |
| Multiple regulations | Only one retail investor account |
| Multilingual customer service | No desktop version of the trading platform |
| A large variety of tradeable financial instruments | High inactivity fee |
IronFX
Features
IronFX is an Australian-based forex trading broker that offers its services to retail and professional traders from around the world.
With IronFX, traders have a choice in dynamic retail investor accounts, commission-free trading, negative balance protection, and more.
Pros and Cons
| PROS | CONS |
| Well-regulated | Limited trading tools |
| Variable and fixed spread accounts offered |
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