As Zimbabwean forex traders, we are faced with a number of challenges. The first one is that some brokers do not accept Zimbabweans on their platforms. Thus it can be quite a challenge trying to get a reliable broker who accepts us. There are some shady brokers out there who can make it difficult for you to withdraw your profits.

 

It does not have to be that difficult for you though, I have compiled a list of recommended brokers that you can use below. These brokers have been in operation for a long time and are reliable. You can easily open an account with any of these brokers. I will advise you to open 2 accounts with 2 different brokers, 1 for short-term withdrawals and the other for long-term compounded growth.

 

  • Hotforex logo I have put Hotforex at the top because it is a broker that is quite popular with Zimbabweans and other traders the world over. For those in Zimbabwe, the broker offers Hotforex Mastercard For Zimbabweansa low deposit account of just $5.

You can also apply for a HotForex MasterCard which makes it easy to access your profits. You can simply withdraw to the MasterCard and swipe the card in shops or withdraw at an ATM. The account opening procedure is also simple.  Open Your Free HotForex Account Here

 

  • Insta Forex broker for forex trading
  • InstaForex
  • This another broker that accepts Zimbabwean traders and is also widely used by traders. Account opening and withdrawal procedure is also simple. You can also open an account with $1000 bonus to trade for free! Account opening and withdrawal procedure is also simple.

Minimum deposit is just $5. You can also get a 250% deposit bonus!  Open Your InstaForex Account Here

 

  • SimpleFXSimple Fx
  • This broker allows you to deposit, trade and withdraw in BitCoin. If you prefer cryptocurrencies you can open an account here.

You will also need to open digital wallet accounts to allow you to withdraw and deposit from your broker. You can open these accounts by clicking the links below.

 

For those who trade binary options, you can use the brokers below:

  • Binary.com is another popular broker. The most popular instruments on the broker platform are the volatility indices which can be traded like forex but have the advantage that they are available 24/7 all year round. So they offer much flexibility to those who may want to trade in a forex like manner during the weekends.

READ: HOW TO TRADE VOLATILITY INDICES LIKE FOREX

They call this the binary blast, which is a competition where you trade demo money for an hour and who ever has the highest balance after that one hour will win $100. You can read morethe binary blast

 

  • IQ OptionIq Options is a very popular binary options broker with a world-class interface. Open a demo account here and have a feel of their platform.
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