Alison Heyerdahl
Edited by
Author
Alison Heyerdahl
Edited by
Alison Heyerdahl
Head of Content
Learn more about Alison Heyerdahl
Author
Author
Chris Cammack
Partner Manager and Financial Writer

<p>Chris manages the relationships with our partners to provide our users with the best Forex trading experience possible. Chris has 15+ years of experience in research, editorial and design for political and financial publications. His background has given him a deep understanding of international financial markets and the geopolitics that affect them.</p>

Learn more about Chris Cammack
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Compare brokers to find the right fit

Trading with a reputable online broker is a crucial factor for success in the international markets. At FxScouts, we help you find the broker that suits your trading needs.

Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics.

Select broker to compare

How Brokers Are Scored

FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score.

  • Trust Rating: Assessment of broker reliability and reputation
  • Trading Costs: Spreads and fees for clear comparisons
  • Platforms: User-friendliness and features 
  • Asset Selection: Forex, stocks, and other available instruments
  • Deposit and Withdrawal: Simple and free deposits & withdrawals
  • Education: Support for beginners and developing traders
  • Customer Support: Accessibility, responsiveness, and expertise


To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. The radar chart to the left illustrates the weight of each category in our final scoring system.

Why Our Reviews Set the Standard

Every broker we recommend meets strict trust and safety criteria and is tested for reliability, transparency, and overall trading experience.

Most Compared Brokers in Zambia in September 2025

We’re revealing the most requested broker comparisons to simplify your search. These are the matchups constantly on the minds of Tanzanian investors, and with good reason. They excel in the areas that matter most to us:

  • Regulation: Safety and security are non-negotiable.
  • Transparent Fees: We want to keep our hard-earned profits!
  • Diverse Assets: Stocks, forex, crypto – these brokers offer the variety you’re looking for.
  • User-Friendly Platforms: Whether you’re a pro or starting out, finding the right platform is crucial.

Let’s cut through the noise! Compare these in-demand brokers and discover the best fit for your investment journey

Exness
AvaTrade
Yes
FSCA Regulated
Yes
Unlimited:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0.1 pips
Min. Spread
0.9 pips
USD 3
Min. Deposit
USD 100
Pepperstone
XM
No
FSCA Regulated
No
30:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0 pips
Min. Spread
0.6 pips
USD 0
Min. Deposit
USD 5
HFM
Pepperstone
Yes
FSCA Regulated
No
2000:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0.0 pips
Min. Spread
0 pips
USD 0
Min. Deposit
USD 0

Top Overall Brokers by Broker Score

Unbiased Expertise

Independent, in-depth reviews and comparisons of all FSCA-regulated Forex brokers, empowering you to make informed choices.

Educational Resources

Comprehensive guides for all levels, from the basics of Forex to advanced strategies tailored for your experien

Transparent Information

A focus on facts, accuracy, and up-to-date data to give you the insights you need to succeed in your Forex journey.

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Listen to Alison and Chris discuss what to look for in a Forex broker. They cover the importance of finding a well-regulated broker, a user-friendly platform, and keeping your trading costs low. They also recommend looking for a broker with good educational resources, a demo account, and good customer support.

Best Brokers Zambia 2025 (10)

To identify the best Forex brokers for Zambian traders, we compiled a comprehensive list of all top-tier regulated brokers. We then ranked them based on their overall score, considering key factors such as regulation, trading conditions, platform quality, and customer support.


Min. Deposit

USD 0
Exness
4.32
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Spread
0.10 pips
Min. Deposit
USD 3
Trading Cost
USD 7
Regulation
British Virgin Islands Financial Services CommissionCapital Markets AuthorityFinancial Services CommissionFinancial Sector Conduct Authority
Jordan Securities CommissionThe Seychelles Financial Services Authority
Platforms
MT4, MT5, Exness Terminal
Pepperstone
4.61
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Spread
0 pips
Min. Deposit
USD 0
Trading Cost
USD 10
Regulation
Australian Securities & Investment CommissionBundesanstalt fĂĽr FinanzdienstleistungsaufsichtCapital Markets AuthorityCyprus Securities and Exchange Commission
Dubai Financial Services AuthorityFinancial Conduct AuthoritySecurities Commission of the Bahamas
Platforms
MT4, MT5, cTrader, TradingView, Pepperstone Platform
HFM
4.43
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Spread
0 pips
Min. Deposit
USD 0
Trading Cost
USD 10
Regulation
Capital Markets AuthorityDubai Financial Services AuthorityFinancial Conduct AuthorityFinancial Services Commission
Financial Sector Conduct AuthorityThe Seychelles Financial Services Authority
Platforms
MT4, MT5, HFM Trading App
IG
4.69
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Spread
0.60 pips
Min. Deposit
USD 0
Trading Cost
USD 6
Regulation
Australian Securities & Investment CommissionBermuda Monetary AuthorityBundesanstalt fĂĽr FinanzdienstleistungsaufsichtCommodity Futures Trading Association
Dubai Financial Services AuthorityFinancial Conduct AuthorityFinancial Markets Authority of New ZealandFinancial Services AgencyFinancial Sector Conduct AuthorityMonetary Authority of SingaporeSwiss Financial Market Supervisory Authority
Platforms
MT4, L2 Dealer, TradingView
AvaTrade
4.59
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Spread
0.90 pips
Min. Deposit
USD 100
Trading Cost
USD 9
Regulation
Australian Securities & Investment CommissionCentral Bank of IrelandCyprus Securities and Exchange CommissionFinancial Regulatory Services Authority
Financial Services AgencyFinancial Sector Conduct AuthorityIsrael Securities Authority
Platforms
MT4, MT5, Avatrade Social, AvaOptions
FxPro
4.39
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Spread
0.40 pips
Min. Deposit
USD 100
Trading Cost
USD 14
Regulation
Cyprus Securities and Exchange CommissionDubai Financial Services AuthorityFinancial Conduct AuthorityFinancial Sector Conduct Authority
Securities Commission of the Bahamas
Platforms
MT4, MT5, cTrader, FxProEdge
FBS
4.33
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Spread
0.70 pips
Min. Deposit
USD 5
Trading Cost
USD 7
Regulation
Australian Securities & Investment CommissionBelize Financial Services Commission
Platforms
MT4, MT5, FBS App
XM
4.45
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Spread
0.60 pips
Min. Deposit
USD 5
Trading Cost
USD 6
Regulation
Australian Securities & Investment CommissionCyprus Securities and Exchange CommissionDubai Financial Services AuthorityBelize Financial Services Commission
Platforms
MT4, MT5
IC Markets
4.46
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Spread
0.10 pips
Min. Deposit
USD 200
Trading Cost
USD 8
Regulation
Capital Markets AuthorityCyprus Securities and Exchange CommissionSecurities Commission of the BahamasThe Seychelles Financial Services Authority
Platforms
MT4, MT5, cTrader, TradingView
NAGA
4.14
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Spread
0.70 pips
Min. Deposit
USD 10
Trading Cost
USD 17
Regulation
Cyprus Securities and Exchange CommissionFinancial Regulatory Services AuthorityThe Seychelles Financial Services Authority
Platforms
MT4, MT5, NAGA Web App
FxScouts Podcast

Let's Talk Forex with Alison & Chris

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Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.

The FxScouts podcast helps beginner Forex traders get the best start to their trading careers.