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<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>
MetaTrader 5 is the most recent version of the MetaTrader Forex trading platform and the first to have native multi-asset functionality for stocks, futures, and crypto. Traders will also be looking to use the expanded set of indicators and run improved MQL5 scripts to enable automated trading. The previous version of MetaTrader (MetaTrader 4) is being gradually phased out, so it’s a good time to try out this new, more advanced trading platform.
Many traders are drawn to MetaTrader 5 because of the wide range of CFDs to trade, but to find the best MetaTrader 5 brokers, we also compared trading costs, execution speed and the number of Forex pairs available. For many beginners, MetaTrader 5 will be their first trading platform, so we also tested the quality of the brokers’ technical customer support and the quality of their education. Last but not least, we made sure that all brokers on this list were fully regulated to ensure trader safety.
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For over a decade, we’ve set the standard in forex broker reviews—collecting thousands of data points yearly to deliver unbiased, expert-backed insights.
Skip the trial and error! Below, you’ll find the best forex brokers for Zambian traders for 2025—thoroughly tested, verified, and ranked, so you can trade with confidence.
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Broker | Official Site | Regulated By | Website Language: English | Support Language: English | Compare | |||||
|---|---|---|---|---|---|---|---|---|---|---|
 | USD 0 | 30:1 |        | 1597 | 90 | No | No | |||
 | USD 5 | 30:1 |  | 1554 | 57 | No | No | |||
 | USD 3 | 0:1 |      | 221 | 100 | No | No | |||
 | USD 0 | 2000:1 | | 1230 | 53 | No | No | |||
 | USD 100 | 30:1 |     | 930 | 63 | No | No | |||
 | USD 100 | 30:1 | | 2241 | 70 | No | No | |||
 | USD 5 | 3000:1 | | 573 | 72 | No | No | |||
 | USD 200 | 30:1 | | 1744 | 64 | No | No | |||
 | AUD 100 | 30:1 | | 10162 | 70 | No | No | |||
 | USD 10 | 1000:1 | | 2193 | 49 | No | No |
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Find Your Ideal Forex Broker
0 pips
CMA, BaFin, SCB, DFSA, ASIC, FCA, CySEC
USD 0
Pepperstone Platform, TradingView, cTrader, MT5, MT4
30:1
Pepperstone offers institutional-grade spreads from 0.0 pips with Razor accounts and a commission of $3.50 per lot, ideal for cost-sensitive scalpers.
Direct access to deep liquidity pools results in ultra-fast execution with minimal slippage—especially beneficial in volatile markets like news trading.
Pepperstone enhances MT5 with free Smart Trader Tools, providing expert advisors, sentiment indicators, and advanced trade terminals not typically bundled.
Highly regulated, including ASIC, FCA, and CMA (Kenya)—reassuring for African clients wary of offshore-only brokers.
No Lusaka office or local deposit methods like Airtel Money or MTN MoMo may inconvenience Zambian traders preferring local solutions.
Pepperstone | Best For: Experienced Zambian traders seeking tight spreads and raw pricing on MetaTrader 5
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0.6 pips
DFSA, FSC, ASIC, CySEC
USD 5
MT5, MT4
30:1
XM hosts regular webinars, video tutorials, and multilingual content tailored for African traders—ideal for self-learners in Zambia.
Start trading MT5 from just $5—great for Zambians testing the market with low capital risk.
XM’s MT5 platform comes VPS-ready for automated trading, and frequent traders can access free VPS hosting.
XM absorbs all fees for most payment methods, helping Zambian traders retain more profits.
Standard and Micro accounts can have variable spreads, which are wider than ECN-style brokers under normal conditions.
No RAW spread accounts; all accounts come with built-in spread markup.
XM | Best For: Zambian beginners and intermediate traders wanting a low-cost, educational MT5 broker
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0.1 pips
JSC, CMA, FSA-Seychelles, FSC, B.V.I FSC, FSCA
USD 3
Exness Terminal, MT5, MT4
Unlimited:1
Exness offers unlimited leverage for eligible accounts—ideal for small capital traders with advanced risk management.
Exness supports automated withdrawals 24/7—even on weekends—through crypto and localised gateways.
MT5 servers are highly reliable and optimised for high-frequency traders and EA users who require continuous uptime.
Exness publicly reports trading volumes, client stats, and execution data, offering rare broker transparency.
Exness acts as a counterparty to trades—less ideal for traders wary of conflict-of-interest risks.
Leverage may be reduced on major economic releases, affecting strategies like news scalping.
Exness | Best For: High-volume Zambian traders and algo users looking for unlimited leverage and instant withdrawals
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0.0 pips
CMA, FSA-Seychelles, FSC, DFSA, FSCA, FCA
USD 0
HFM Trading App, MT5, MT4
2000:1
Among the highest leverage options available—great for small capital Zambian traders seeking large exposure.
Localised in the African region, HFM has regional staff, deposit methods, and bonus offers tailored to traders from Zambia and neighbouring countries.
Includes powerful Autochartist tool integration and optional VPS hosting for advanced MT5 users.
Traders can open an account with as little as $0 on the Cent account—ideal for practice and risk-averse users.
Promotions can include terms limiting fund access, so Zambian traders must read the fine print carefully.
All accounts have spread markups—there is no RAW account option for scalpers.
HFM | Best For: Zambian traders seeking high leverage, bonus offers, and a fully featured MT5 trading experience
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0.9 pips
ISA, FRSA, CBI, FSA-Japan, FSCA, ASIC, CySEC
USD 100
AvaOptions, Avatrade Social, MT5, MT4
30:1
Unlike most brokers, AvaTrade offers fixed spreads on MT5, giving Zambian traders cost predictability during volatile conditions.
FSCA (South Africa) and EU licenses offer both regional and international security layers.
Trade FX, stocks, indices, crypto, and ETFs—all within a single MT5 account.
Fixed spreads often sit above raw spread brokers during calm markets—less ideal for scalpers.
Some Zambian users report document resubmissions and verification delays of up to 48 hours.
AvaTrade | Best For: Zambian traders seeking a regulated, fixed-spread broker on MT5 with extensive risk management tools
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MT5 (MetaTrader 5) is a trading platform that allows traders to access the Forex market via a broker. Released in 2010, it is more powerful than MetaTrader 4 (MT4) and provides access to stocks and futures. It also has extra trading tools and charts and has more advanced back-testing.
Much like MT4, MT5 allows traders to access the Forex market via a broker, but it also provides additional access to CFDs, stocks and futures. This also means that it is a more valuable asset for brokers as it allows them to reach a broader base of clientele – this has resulted in a noticeable uptick in the number of brokers supporting MT5, sometimes replacing their support for MT4 altogether.
MT5 comes with a new script-writing language, MQL5, which is much more efficient than MQL4, but harder to learn for beginners.
Though the interface is similar to MT4, MT5 has more advanced charting tools, including 12 more timeframes and more built-in technical indicators.
MT5 also allows for an unlimited amount of charts to be used, shows Depth of Market and has a built-in Economic Calendar. It also has a larger number of pending order types than MT4 and features an embedded chat system.
Regulation: Regulation is always the first thing we look at when reviewing a broker. Regulation is needed to ensure your trading funds are safe and that the broker’s trading desk is not manipulating your trades. Although multiple regulators can regulate a broker, you should always know which regulator oversees your account. Only one regulator will be responsible for your trading account.
Assets available: One of MT5’s main attractions is the large number of tradable assets. We researched each broker to see who has the most tradable assets and in what classes. Having a wide range of assets means a wide range of trading opportunities. If you plan on mainly trading FX, always check the number of FX pairs your broker has available.
Trading costs: Trading costs, which include spread and commission fees, will vary with each broker. The lower the total trading cost, the more profit a client can make from each trade, so we always recommend brokers with lower trading costs.. Be aware that different trading accounts at the same broker can have different trading costs.
Fee structure: Most well-regulated brokers charge a few additional fees, and there are some common ones that we always look for. These fees are usually inactivity fees, withdrawal fees, or charges connected with special account types like Islamic accounts.
Customer service: The quality of customer service varies widely in the trading industry. It’s important that customer support is available via phone 24/5, but we also ensure that the customer support staff are prompt, competent, and knowledgeable.
The answer to this question depends on what you want from your platform and your previous trading experience.
If you are a beginner trader and want to trade a range of assets, as well as Forex, but want a standalone client, MT5 is a good choice. If you only want to trade Forex on a simpler platform, you can start with MT4, but be aware that you are using a system that will eventually be replaced.
If you already have some experience with MT4 and are thinking of switching, it really depends on your reasons why. The only significant reason for switching to MT5 is if you want to trade other markets. The significant reason for not switching is that programmes written for MT4 will not run in MT5, so you will lose all your EAs, indicators and automated scripts in the transition.
The big question is how much longer the big brokers will support MT4. It is no longer as popular as it used to be, and recent upgrades to the MQL5 language have made it almost as easy as MQL4 for traders to create automated trading scripts.
That said, more brokers are offering MT5 all the time, and some have chosen to only support MT5 from now on. If you are new to trading, there is something to be said for getting used to MT5 before it starts overtaking its older sibling, which has already started happening.
MT5 has grown in popularity recently in response to higher demand for multi-asset trading and is now supported by many better brokers.
Answers to common questions about the MetaTrader 5 platform.
MT5 isnota broker — it is atrading platform. Think of it as a tool or software traders use to access financial markets via a broker. A Forex broker integrates MT5 into its infrastructure, allowing clients to place trades, run Expert Advisors (EAs), conduct technical analysis, and manage portfolios from a single interface.
In Zambia, well-regulated brokers like Exness, Pepperstone, or XM offer the MT5 platform to local clients. These brokers handle account management, deposits, withdrawals, and trade execution, while MT5 provides the interface and functionality for trading.
The primary difference between MT4 and MT5 lies in their architecture, functionality, and supported asset types. Here’s a breakdown:
| Feature | MT4 | MT5 |
|---|---|---|
| Asset Classes | Forex only | Forex, CFDs, Stocks, Futures |
| Timeframes | 9 | 21 |
| Strategy Tester | Single-threaded | Multi-threaded & Real Ticks |
| Economic Calendar | No | Yes |
| Depth of Market | No | Yes |
| Pending Orders | 4 types | 6 types |
| Programming Language | MQL4 | MQL5 |
Due to its simplicity, MT4 remains popular with Zambian traders for Forex-only strategies. However, MT5 is increasingly preferred by advanced traders looking to diversify assets or use enhanced analytical tools.
Yes — MetaTrader 5 (MT5) is an excellent choice for Forex trading in Zambia. It offers a powerful combination of advanced trading tools, lightning-fast execution, and support for automated strategies (Expert Advisors). Many internationally regulated brokers offer MT5 accounts to Zambian clients, making it accessible to both beginners and experienced traders who want a modern, feature-rich trading platform.
Zambian traders benefit from MT5’s:
Integrated Economic Calendar, which helps monitor global macroeconomic events that may affect currency prices — essential for staying ahead of market-moving news.
38 built-in technical indicators and 44 analytical tools, supporting detailed chart analysis and better-informed decisions.
Multi-threaded Strategy Tester, useful for backtesting trading robots (EAs) and optimising performance in automated trading.
Advanced order types, including stop limit and fill-or-kill, for more precise trade management.
Hedging capabilities, allowing traders to open multiple positions in the same instrument — particularly helpful in volatile markets.
Look for brokers that offer:
Tight spreads and low trading costs, so you get better value on every trade — especially important when starting out with a smaller budget.
Support for ZMW-friendly deposit and withdrawal methods, such as:
Mobile money services (e.g. Airtel Money or MTN Mobile Money, where integrated through regional platforms),
Visa/Mastercard for fast card-based funding,
E-wallets like Skrill, Neteller, Flutterwave, or Paystack,
Local or regional bank transfers, if the broker partners with Zambian or Southern African banks.
Fast and reliable withdrawal processing, with no hidden fees or unnecessary delays — critical for beginner traders managing tight margins.
Responsive customer support, ideally with experience serving African clients and an understanding of common issues faced by Zambian traders, such as payment accessibility and internet reliability.
No, MetaTrader 5 is free for individual retail traders. The MT5 desktop, mobile, and web platforms can be downloaded at no cost. However, to trade live markets, you need to open an account with a broker that offers MT5. The cost structure depends on your broker, not on MT5 itself.
Brokers may charge:
Some brokers offer commission-free MT5 accounts with slightly wider spreads, while others offer raw spread accounts with fixed commissions.
Yes — MT5 fully supports automated trading using built-in or custom Expert Advisors (EAs). In fact, MT5’s algorithmic trading environment is more advanced than MT4:
This makes MT5 especially suitable for algo traders, scalpers, and those using machine-learning or rules-based systems in the Zambian market.
Explore more resources that fellow traders find helpful! Check out these other guides to enhance your forex trading knowledge and skills. Whether you’re searching for the best brokers, educational material, or something more specific, we’ve got you covered.
Discover the top Forex brokers in Zambia. Compare top platforms, fees and features to make an informed trading choice.
Compare the best Forex trading platforms for 2025, including MT4, MT5, cTrader, and TradingView. Find the right tools to enhance your trading experience.
What is Forex trading and how does it work? An easy-to-read guide including how to trade, and how to choose a reliable broker.
60-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.
Partner Manager and Financial Writer
Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education.
With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users.
He also co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.
Head of Content
Alison joined the team as a writer in 2021. She is the Head of Content for FxScouts. She has a medical degree with a focus on physiotherapy and a bachelor's in psychology. However, her interest in Forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, "Let's Talk Forex", alongside Chris and has produced over 100 Forex educational videos for the FxScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 120 Forex brokers.
Financial Writer
Ida is a financial writer with a degree in Digital Marketing and a strong background in content writing and SEO. Her expertise extends beyond marketing and writing, with a keen interest in cryptocurrencies and blockchain networks. Ida's passion for crypto trading sparked a deeper fascination with Forex technical analysis and price movement. She is continually expanding her knowledge in Forex trading, staying informed about the latest trends and identifying the best trading environments for new traders.
Financial Writer
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