2021 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Zimbabwe
This guide to the reputable brokers in Zimbabwe has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
This review contains the latest information about finding the most professional online broker in Zimbabwe.
If you are a new entrant into the realm of trading and broker, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive knowledge. You will acquire adept skills at all of the concepts of brokerage as you continue trading. For starters, you have to choose the ideal agent in Zimbabwe who will be clear with you constantly.
In this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment plan is key to your success.
We currently have 17 Online Brokers from our research that we believe are the Best Online Brokers in Zimbabwe
Who’s The Top Zimbabwe Online Brokers?
This guide has been provided to help you find a reputable Zimbabwe broker. When looking for a great, professional broker in Zimbabwe it can be a little confusing. Below we show what your trading options are in Zimbabwe and what Zimbabwe online trading platforms can provide you.
We currently have 17 Online Brokers in our database that we believe are the Reputable Online Brokers in Zimbabwe
|HDFC Securities||Hugos Way||Windsor Brokers||Zerodha||Valbury Capital||Directshares||City Credit Capital||Brightwin Securities And Finance||ForexTB||Degiro||Ayondo||Fidelity||Bell Potter Securities||Alfa Financials||FP Markets||ETX Capital||Ally invest|
|Find Out More|
|Headquarters||India||St. Vincent and the Grenadines||Cyprus||India||UK||Australia||UK||New Zealand||Cyprus||Netherlands||London||USA||Austrailia||UAE||Australia||UK||United States|
|Regulated By||Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange||None||Cyprus Securities and Exchange Commission (CySEC)||Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange||Financial Conduct Authority (FCA)||The Portuguese Securities Market Commission (CMVM)||Financial Conduct Authority (FCA)||Unregulated||Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15||Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB)||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC)||Australian Securities and Investment Commission (ASIC)||Financial Conduct Authority (FCA)||Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)||Financial Conduct Authority (FCA)||Cyprus Securities and Exchange Commission (CySEC)|
|Risk Warning||Your capital is at risk||Your capital is at risk||Losses can exceed deposits||Your capital is at risk||Your capital is at risk||Your capital is at risk||Losses can exceed deposits||Your capital is at risk||CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor||Your capital is at risk||Losses can exceed deposits||Your capital is at risk||Your capital is at risk||Your capital is at risk||Losses can exceed deposits||Losses can exceed deposits||Your capital is at risk|
|Accepts Credit Cards||No||No||Yes|
Online Share Trading In Zimbabwe
Trading Assets in Zimbabwe is highly controlled and considered very secure. But, conscious that any investment can go down as well as up, which means that your capital is in danger.
If you're just starting out with online trading then it's advised to have a demo account first with a controlled agent so that you can learn the systems without the danger of losing cash.
Live Forex Trading In Zimbabwe
Forex is the greatest liquid financial market in the world with a daily monetary exchange turnover of more than $5 trillion (BIS statistics April 2016).
Forex (Abbreviation of Foreign Exchange) is a currency exchange between two different countries and the following management of the resulting position in which one currency gains and the other loses.
It's easy to do Live Forex Trading in Zimbabwe with seasoned online brokers
Live CFD Trading In ZimbabweCFD trading is the selling and buying of contracts for difference via an online trading partner in Zimbabwe. When you trade CFDs you are agreeing to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.
Spread Betting In Zimbabwe
Spread Betting in Zimbabwe is possible using professional online brokers like eToro or IC Markets. It is a simple bet as to whether the price will go up or down. Usually, the Zimbabwe online brokers will show the prices you have.
If you are looking at how to do spread betting in Zimbabwe then it is a good idea to start with a demo account with either XM or Trading212 so that you can practice with virtual money before risking your own capital.
Trading Stocks in Zimbabwe
Internationally, Zimbabwe is considered safe to do online trading and has access to other global financial centers. In Zimbabwe, online brokers are highly regulated, experienced and customer centric.
However, it is always important to be as informed as possible so below are some of the most important things a trader should know:
The financial markets in Zimbabwe are mature and are seen are trustworthy due to regulation and compliance by the local Fiancial trade authority in Zimbabwe.
The online trading solutions used by brokers in Zimbabwe are well tested and highly rated.
Whichever Online Trading Solutions in Zimbabwe you decide to use, ensure they have all of the below:
- User friendly platform
- Availability of a risk management tool
- Good or fast execution speed
- High quality charts
- Capable of doing social trading
- Quick online help or support
Challenges Of Trading in Zimbabwe
The US Dollar is considered the base currency around the world so even a tiny change in the US financial markets can affect the financial markets in Zimbabwe. The EU is also a large market and changes there could affect the economic markets in Zimbabwe.
Like every country there are opportunities in Zimbabwe economic markets but overall the prospects are good. However, like in all global financial markets we recommend that any Online Trading Platforms in Zimbabwe you decide to use, make sure you do your due diligence first before risking any real money. We have collated thousands of datapoints and written this guide to help you find the Best Trading Platforms in Zimbabwe. We hope that by reading this guide you will find a reputable broker that matches your needs.
Frequently Asked Questions About Trading Forex In Zimbabwe
Is Forex Trading Legal In Zimbabwe?
There is a growing misconception that trading Forex in Zimbabwe is considered unsafe. This is not the situation, Forex Currency trading in Zimbabwe is very active, regulated and safe.
Trading in Forex is allowed in Zimbabwe as for any company to trade internationally, foreign currency must be exchanged. Any time you purchase something and it is shipped from overseas, there'll be multiple currency exchanges by multiple companies to get that item to you.
The important issue is that if trading Forex in Zimbabwe you pick one of the best online brokers.
Do Forex Traders Pay Tax In Zimbabwe?
After a dealer is successful and their gains reach a particular level then they may be taxed in Zimbabwe according to the standard taxation rules.
Tax returns should always be registered even if there's a reduction. You should seek advice with a documented accountant in Zimbabwe to ensure you are abiding by all present local laws as it is extremely determined by your personal circumstances.
Can You Trade Cryptocurrencies In Zimbabwe?
Cryptocurrency markets in Zimbabwe are rather new. As Cryptocurrencies work on decentralised assets in Zimbabwe things like interest rate fluctuations and political instability don't impact them as much as the money markets.
Cryptocurrencies are more popular with the younger generations and with growing income amounts and technology adoption, trading cryptocurrency in Zimbabwe is increasing day by day. It is still modest in comparison to the Forex markets but around $6 billion USD of Bitcoin is traded daily.
Can You Trade Commodities In Zimbabwe?
Commodity trading in Zimbabwe involves trading in things like precious metals, energies and agricultural commodities.
Some commodities like agricultural are seeing exponential growth inZimbabwe.
Fast growing economies like India have a big demand for many basic raw materials for their inhabitants. This means that countries like Zimbabwe can take advantage of the circumstance.