The Forex Market is one of the largest markets globally and it is growing as more traders start trading Forex. Due to this, more brokers worldwide are welcoming traders from various countries.
Zimbabwean traders who want to start trading Forex have more access to the Forex Market through such brokers, who cater for a variety of traders despite their level of skill, knowledge, and experience through the provision of competitive trading conditions.
Which Forex Brokers are highly recommended for Zimbabwean Traders?
1. IC Markets
IC Markets is regulated by the ASIC and provides access to trade over 230 financial instruments.
The minimum deposit to register an account is $200 with IC Markets offering variable spreads, commissions between $0 to $3.5, leverage up to 1:500, and the use of MetaTrader 4.
2. RoboForex
RoboForex is regulated by IFSC and offers the trade in over 9,400 financial instruments.
The minimum deposit to register an account is $10 with RoboForex offering variable spreads, commissions from $0 to $20, leverage up to 1:1000 and the use of MetaTrader 4 and MetaTrader 5, R Trader, and cTrader.
3. AvATrade
AvATrade holds multiple regulations with ASIC, BVI, CBI, FFAJ, FSA, and FSCA in offering the trade of over 250 trading instruments.
The minimum deposit to open an account is $100 with AvATrade offering fixed spreads, commission-free trading, leverage up to 1:400, and the use of MetaTrader 4, AvATradeGo, AvAOptions, DupliTrade, and ZuluTrade.
4. XM
XM is regulated through ASIC, CySEC, and IFSC and offers the trade of numerous financial instruments including Forex, commodities, cryptocurrency, stocks, shares, and more.
The minimum deposit to open an account is $5 with XM offering variable spreads, commissions from $0 to $3.5, leverage up to 1:888, and the use of both MetaTrader 4 and MetaTrader 5.
5. Admiral Markets
Admiral Markets is regulated by ASIC, FCA, EFSA, and CySEC, and offers the trade of Forex, commodities, cryptocurrency, CFDs, indices, and more.
The minimum deposit to open an account is $200 with Admiral Markets offering variable spreads, commissions from $0 to $3, leverage up to 1:500, and the use of MetaTrader 4, Metatrader 5, and MetaTrader Supreme Edition.
6. FXTM
FXTM is regulated by CySEC, FCA, FSC, and FSCA in offering the trade in more than 250 trading instruments.
The minimum deposit to open an account is $10 with FXTM offering variable spreads, commissions from $0 to $2, leverage up to 1:300, and use of MetaTrader 4, MetaTrader 5, and FXTM Trader.
7. Plus500
Pluss500 is regulated through FCA, ASIC, CySEC, MAS, FMA, and FSCA in offering over 2,000 Forex and CFD instruments.
The minimum deposit in opening an account is $100 with Plus500 offering variable spreads, commission-free trading, leverage of up to 1:300, and use of the Plus500 proprietary trading platform.
Final Thoughts
Despite the trading needs and objectives of Zimbabwean traders, these brokers cater extensively for various traders by providing competitive and favourable trading conditions along with an array of tradable financial instruments.
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