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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.
The risk management tool lets traders protect trades for a fee, which is very helpful for risk-conscious traders during uncertain markets.
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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MetaTrader 5 (MT5) is a trading platform that allows traders to access the Forex market via a broker.
Regulation: 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, a trader should always know which regulator is overseeing your account, as only one regulator will be responsible for your trading account.
Assets available: One of the main attractions of MT5 is the expanded amount of tradable assets. Research 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. Each trading account can also have different trading conditions, so research trading costs on the MT5 accounts are part of your comparison.
Fee structure: While most of the best-regulated brokers will have very few additional fees, additional fees will occasionally emerge. These fees are usually inactivity fees, withdrawal fees, or charges connected with special account types like Islamic accounts.
Trade execution: Trading venue and execution speed are important components of any MT5 trading experience. The trading venue will conclude if your broker is acting as counter-party to your trade or if your broker has found you a counter-party through its network. The trade execution speed will indicate how much slippage you should expect between when you open your position and when it is opened on the market.
Hedging: MetaTrader 5 does not allow for hedging as standard, so check with your broker to see if they can enable it.
Customer service: A simple check, but check the opening hours for customer service. It is good to know when customer service is available to take your call and resolve issues promptly.
MetaTrader 5 has a lot more features than MetaTrader 4, including an Economic Calendar, Depth of Market indicator, embedded chat function, and unlimited chart windows. It also has 80 built-in indicators and 12 more time-frames than MetaTrader 4.
MetaTrader 5 has grown in popularity recently in response to higher demand for multi-asset trading and is now supported by a number of the better brokers.
Answers to common questions about the MetaTrader 5 platform.
The answer to this question depends on what you want from your platform and your previous trading experience.
If you want to trade other CFDs and Forex but want to have a standalone client, then MetaTrader 5 is a good choice. If you only want to trade Forex on a simpler platform, it’s a good idea to start with MetaTrader 4.
If you already have some experience with MT4 and are thinking of switching, it depends on your reasons. The only significant reason I can think of 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 unquestionably the industry standard at present, and recent upgrades to the MQL4 language have made creating automated trading scripts almost as easy and efficient as MQL5.
That said, more brokers are offering MT5 all the time, and some have chosen to only support MT5 from now on. If you are starting out trading, there is something to be said for getting used to MT5 before it starts overtaking its older sibling, which has already started happening.
Yes, MT5 does support automated trading. In addition to copytrading through the MT5 signal service, traders can automate their trading via Expert Advisors (EAs) and technical indicators.
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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