Zambia Forex Brokers

Zambia is located at the crossroads of Central, East, and Southern Africa. Being located in African region the accessibility of online trading platforms is rather limited, yet many Brokers increasing availability of educational resources have contributed to the growth of forex trading in Zambia.

Zambia Forex Trading Platforms

Forex trading is legal and fully regulated in Zambia. To start trading, Zambian traders should choose forex platforms that provide online access to the forex market, allowing individuals to trade currencies and access various trading tools and resources.

  • Platforms and brokers operating in Zambia are required to be regulated by the Securities and Exchange Commission in order to legally offer forex trading services.
  • Traders from Zambia often use international brokers for their trading activities due to the small number of local brokers. It is common for traders to access global financial markets through international forex branches while chosing to trade with popular large companies regulated by other reputable authorities like FCA or ASIC. Yet, some international brokers may have implemented restrictions to accept clients from some countries, such as Zambia. So another option might be choosing brokers regulated by South Africa since South Africa accepts traders form all around Africa. 
  • However, We highly recommend choosing only international branches with Top-tier licenses and avoiding offshore brokers to minimize the risk of potential loss. 

For more information read about forex market on Wikipedia.

Zambia Trading ProsZambia Trading Cons
Regulated marketLimited Local Brokers
Accessibility to global market Economic Instability
Growing Financial SectorInfrastructure limitations
Variety of Commodity AssetsCurrency Volatility

Forex Regulation in Zambia

In the country forex trading is legal and regulated by The Bank of Zambia, in joint cooperation with the Zambia Securities and Exchange Commission (SEC), that controls country’s financial sector.

For the most up-to-date information, we recommend checking the official website of Bank of Zambia — www.boz.zm you can also follow them on Twitter to keep yourself updated on regulatory news.

Read some of important finds about Forex regulation and Forex Trading in Zambia :

  • The Bank of Zambia formulates and implements monetary policy and price stability while the SEC supervises and develops the capital markets, registers and licenses financial intermediaries, etc. Read more on the SEC website.
  • In fact, Zambia Forex Maarket is rather growing there is no attractive proposals for international companies to open branches in Zambia, for this reason there almost none good companies in Zambia itself, but mainly International companies may accept Zambia traders  or elsewhere Africa regulated Brokers serving Zambia traders alike
  • In any case, deep research is crucial about Trading and Brokers overall, local or international — before choosing to trade. Consider numerous factors finding the best strategy like short selling or pattern trading for you to follow also check well Brokers regulatory status, the services they offer, fees and commissions, trading platform, and customer service reputation.
  • There is no specific regulation on the use of leverage in forex trading in Zambia. The use of leverage is typically offering proposed by the Broker also aligned with the regulation, imstrument and policies, while trader can choose leverage levels you wish to use alike.

SEC Zambia

Top 5 Best Forex Brokers in Zambia

Our list of Zambian brokers comprises regulated brokers that mainly has international branches so able to accept Zambia traders, also ensuring investments are secure. Each broker on our Top list of Brokers has been carefully analyzed to be ranked as best:

  • HFM– Best Overall Broker in Zambia 2024
  • BlackBull Markets – Lowest Spread Broker in Zambia 2024
  • FP Markets – Best Broker for Beginners in Zambia 2024
  • Eightcap – Best MT4 Broker in Zambia 2024
  • BDSwiss – Best Zambia Broker for Scalping 2024

How to Trade Forex for Beginners Zambia?

There are not so many brokers in Zambia to choose from, this is why mainly international branches will accept Zambia traders, we have made a specific list for beginning traders with essential criterias like low deposit requirement, good education, easy platform and support are in place.

What is leverage in Forex Zambia?

Leverage in Forex is borrowed capital that a trader may use as a tool provided by the broker to increase trading size, yet it works in both directions so may also increase the possibility of losses. Generally, the brokers accepting Zambian traders allow 1:30 leverage, while Professional traders can place higher leverages.

List of Forex Brokers for Trading Zambia

This is the list of mainly international forex brokers that accept traders from Zambia. Each broker in this selection is evaluated and recommended by our team of financial experts as safe choice:

Broker Detail
HFM Logo HFM
Min. Deposit: 0 US$
Max. Leverage: 1:2000
Trading Platforms: MT4, MT5, HFM Trading App
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
1
HFM Review
BlackBull Markets logo BlackBull Markets
Min. Deposit: 0 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, cTrader, BlackBull Trade, Trading View
Regulation: FMA, FSA
2
BlackBull Markets Review
FPM logo FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5, cTrader
Regulation: ASIC, CySEC, St. Vincent and the Grenadines, FSP, CMA
3
FP Markets Review
Eightcap
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, TradingView
Regulation: ASIC, SCB, CySEC, FCA
4
Eightcap Review
BDSwiss Review BDSwiss
Min. Deposit: 10 US$
Max. Leverage: 1:400 | 1:2000
Trading Platforms: MT4, MT5, BDSwiss Webtrader, and BDSwiss Mobile App
Regulation: FSC, FSA, FSCA, MISA
5
BDSwiss Review
GO Markets
Min. Deposit: 0 US$
Max. Leverage: 1:30, 1:500
Trading Platforms: MT4, MT5, cTrader, WebTrader
Regulation: ASIC, CySEC, FSC, FSA
GO Markets Review
Errante Review Logo Errante
Min. Deposit: $€50
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader
Regulation: CySEC, FSA
Errante Review
Pepperstone Review Pepperstone
Min. Deposit: 200 US$
Max. Leverage: 1:30 to 1:400
Trading Platforms: MT4, MT5, cTrader, TradingView
Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
Pepperstone Review
KCM Trade Review KCM Trade
Min. Deposit: 500 US$
Max. Leverage: 1:400
Trading Platforms: MT4, MT5, KCM Trade WebTrader
Regulation: ASIC, FSA
KCM Trade Review
FXCC Review FXCC
Min. Deposit: No minimum deposit
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, SVG FSA
FXCC Review