List Of Brokers That Accept Ecocash & Zipit ✔

Brokers that accept ecocash


The Best Forex Brokers For You

Here you will find a list of all the brokers that accept Ecocash and other local payment methods like Zipit.

Due to the difficulties in funding forex and binary trading accounts from Zimbabwe, a lot of local traders are looking for a way to do this. This article will show you how you can trade forex using EcoCash.

Why Are Zimbabwean Forex Traders Looking For Brokers That Accept EcoCash?

Some of the most common funding methods accepted by brokers including Neteller, Skrill, MasterCard, BitCoin etc are not readily available to most Zimbabwean online traders.

For example, Skrill and Neteller closed their accounts for Zimbabweans in April 2021 leaving a lot of traders stranded. Other traders may also have physical cash and obviously, this cannot be used online.

Such challenges leave traders desperate for brokers that accept EcoCash and other local funding methods like Mukuru, InnBucks, Zipit and OneMoney.

Deriv

How To Fund Your Forex Trading Account Using Ecocash & Zipit

Some proactive forex brokers have realised this challenge and have come up with an innovative solution. They have introduced local payment agents who can fund other traders' accounts in return for local payment methods.

These payment agents fund their accounts either from profits from trading or have access to the accepted deposit options. They then use their position of privilege to help others for a small commission.

So to fund your forex trading account using EcoCash, Cash or Zipit you can simply get in touch with one such agent and arrange for them to fund your account. You then pay the agent via your chosen local method and you can start trading.

This has also reduced the likelihood of losing your money in scams.

Please note that these brokers do not accept EcoCash and other local payment methods directly on their platforms. They simply allow you to use the local payment methods to pay your local payment agent. The agent will then deposit using the accepted deposit methods on the broker's website.

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List Of The Best Forex Brokers That Accept EcoCash & Other Local Deposit Methods

The following top brokers accept Ecocash & local payment methods via local payment agents.

  1. Deriv
  2. JustForex
  3. Superforex

Let's look at how you can fund your forex trading account using EcoCash on each of these brokers.

There are two ways that you can use to fund your trading account on Deriv using EcoCash. You can do that via payment agents or via Dp2p.

Deriv was the first broker to introduce payment agents in Zimbabwe and as such, it has the most local payment agents. As a result of this Deriv is also the most popular broker amongst Zimbabweans. On top of forex currencies, Deriv also exclusively offers synthetic indices like V75, Boom, Crash and Step indices. These synthetic indices are highly favoured by Zimbabwean online forex traders.

The Deriv payment agents allow you to fund your forex trading account using EcoCash, Zipit, Mukuru, InnBucks and cash in exchange for Deriv credits. You can see the Deriv payment agent list here.

Additionally, you can also start trading and withdraw before you verify your account.

Deriv is the only broker that allows you to do this. All other brokers will ask you to verify your account before you can withdraw. On top of that, it is quite easy to verify your Deriv trading account.

Funding your Deriv account using EcoCash via the Dp2p platform on Deriv is quite straightforward. You simply find a local trader who wants to withdraw from their account using EcoCash or other local payment methods. You will send them the funds and then they will fund your account.

This article shows how Dp2p works.

 

Opening a Deriv account is free and easy and you can get instructions here.

If you want you can even apply to be a Deriv payment agent here and also earn commission through processing deposits and withdrawals for clients. Additionally, you can even register as a Deriv affiliate partner and earn a lifetime commission from your referred traders. You can apply to be a Deriv affiliate partner here.

 

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JustForex is another broker that is getting more popular amongst Zimbabwean online forex traders. The broker has fewer payment agents but it is slowly getting momentum. The broker has low trading fees and this is very attractive for local traders.

JustForex payment agents also allow you to fund your forex trading account using EcoCash, Zipit, Mukuru and Cash. To enjoy the payment agent services on JustForex you can open your account here and you will automatically be linked with a local payment agent

If you already have a JustForex account you can send the following email to [email protected]

Subject: Application to be under IB 420102474
I wish to be under IB# 420102474 going forward.
Looking forward to a favourable reply.
Regards
You will then be assigned to a local payment agent who will help you fund your forex trading account using EcoCash & local payment methods.

Superforex is also another broker offering local payment agent services. You can open a SuperForex account here.

Conclusion On Brokers That Accept Ecocash & Zipit

Unfortunately, there are not too many brokers that have the local payment agent feature. However, with these three brokers above you should be able to trade using EcoCash with relative ease.

Have you tried to fund your forex trading account using Ecocash? How did it go? Share your thoughts in the comments below.

FAQ's On Forex Brokers That Accept EcoCash

How do I trade with Ecocash?

To trade forex with EcoCash simply open a forex trading account with Deriv here. Then look for a Deriv payment agent or log on to Dp2p and transact.

Which one is the best broker that accepts Ecocash?

Deriv is the best broker that accepts EcoCash for deposits and withdrawals

Can I trade forex using Ecocash?

Yes you can do so through a broker called Deriv


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