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Ida Hermansen
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Ida Hermansen
Edited by
Ida Hermansen
Financial Writer
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Alison Heyerdahl
Head of Content
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Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Clients can lose more than they deposit. All trading involves risk.

Advertiser Disclosure

FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market analysis. Our partners compensate us through paid advertising. While partners may pay to provide offers or be featured, they cannot pay to alter our recommendations, advice, ratings, or any other content. Our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. For more detailed information click this link.

Best Forex Trading Bonuses in Zambia for 2025

Edited by
Author
Ida Hermansen
Edited by
Ida Hermansen
Financial Writer
Learn more about Ida Hermansen
Alison Heyerdahl
Author
Alison Heyerdahl
Head of Content
Learn more about Alison Heyerdahl

Forex brokers offer a range of bonuses to attract new traders and reward existing ones. Common bonuses include no-deposit bonuses, deposit bonuses, and trading rebates. While everyone likes the idea of free money, most bonuses come with strict terms and conditions which many traders are unaware of.

Our team has reviewed the top brokers that accept Zambian clients and compiled a list of those offering the most worthwhile bonus schemes. All brokers listed are well-regulated, and their bonuses are currently valid for Zambian traders. We also highlight the terms of each bonus, so that you understand the conditions attached to withdrawing your profits. 

Trusted. Transparent. Tested.

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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Best No Deposit Bonuses in Zambia for 2025

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Official Site
Bonuses
Min. Deposit
Beginner Friendly
Platforms
Compare
Visit Broker
69.21% of retail CFD accounts lose money
None
USD 5
3000:1
Excellent
MT4, MT5, FBS App
Visit Broker
75.18% of retail CFD accounts lose money
$30 No Deposit Bonus. Account Validation Required.
USD 5
30:1
Excellent
MT4, MT5
Visit Broker
74% of retail CFD accounts lose money
$30 Welcome Bonus. No Deposit Required
USD 100
30:1
Excellent
MT4, MT5, TradingView
Visit Broker
76% of retail CFD accounts lose money
20% Welome Bonus on Deposits over $200.
USD 100
30:1
Excellent
MT4, MT5, Avatrade Social, AvaOptions
Visit Broker
72.90% of retail CFD accounts lose money
No Deposit Bonus and 20% Top-Up Bonus
USD 0
2000:1
Excellent
MT4, MT5, HFM Trading App
FBS
4.3
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.

Bonuses
None
Min. Deposit
USD 5
Max. Leverage (Forex)
3000:1
Beginner Friendly
Excellent
Platforms
MT4, MT5, FBS App
XM
4.5
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.

Bonuses
$30 No Deposit Bonus. Account Validation Required.
Min. Deposit
USD 5
Max. Leverage (Forex)
30:1
Beginner Friendly
Excellent
Platforms
MT4, MT5
Tickmill
4.6
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.

Bonuses
$30 Welcome Bonus. No Deposit Required
Min. Deposit
USD 100
Max. Leverage (Forex)
30:1
Beginner Friendly
Excellent
Platforms
MT4, MT5, TradingView
AvaTrade
4.6
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.

Bonuses
20% Welome Bonus on Deposits over $200.
Min. Deposit
USD 100
Max. Leverage (Forex)
30:1
Beginner Friendly
Excellent
Platforms
AvaOptions, Avatrade Social, MT4, MT5
HFM
4.4
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.

Bonuses
No Deposit Bonus and 20% Top-Up Bonus
Min. Deposit
USD 0
Max. Leverage (Forex)
2000:1
Beginner Friendly
Excellent
Platforms
MT4, MT5, HFM Trading App
Find Your Ideal Forex Broker

Compare Forex Brokers

  • Compare Side-by-Side: Key broker details to pinpoint the
    best match for your trading needs.
  • Make Data-Driven Choices: Compare spreads, fees, platforms,
    and more to secure the most cost-effective and reliable broker.
  • Maximize Your Trading Potential: Discover brokers with the
    competitive edge in features, resources, and customer support
    you need to succeed in the forex market.

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

 

Learn how we set the standard for broker reviews. Explore our in-depth review process here.

FBS

Best for traders looking to start small with flexible bonuses

FBS
4.33
69.21% of retail CFD accounts lose money

Min. Spread

0.7 pips

Regulation

FSC, ASIC

Min. Deposit

USD 5

Platforms

FBS App, MT5, MT4

Max Leverage

3000:1

Why FBS Stands Out

  • 100% Deposit Bonus from $5
    FBS doubles your deposit starting from just $5, making it ideal for Zambians who want to start small.
  • Contests, Lot Challenges & Mobile Bonuses
    FBS frequently offers trading contests and in-app reward systems—great for traders looking for bonus opportunities beyond just deposits.
  • Bonus-Compatible Across All Platforms
    Most bonuses are valid on the FBS app, MT4, and MT5—helpful for traders using smartphones or slower internet connections in areas like Ndola or Kitwe.
  • Easy Verification with Zambian Documents
    You can sign up with a National Registration Card (NRC) or passport, and account approval is typically quick.
  • Redeemable Bonus Credit via Loyalty Program
    FBS offers a loyalty program where frequent traders can exchange accumulated points for rewards, gadgets, or even cash.

Why FBS Falls Short

  • High Volume Needed to Withdraw Profits
    You’ll need to trade a large number of lots before you can withdraw any profit made with bonus funds.
  • Some Bonuses Only Available on FBS App
    Some promotions, like the Quick Start Bonus, are exclusive to the FBS Trader app, which means MetaTrader app users may miss out.

FBS | Best for traders looking to start small with flexible bonuses

Final Verdict: Is FBS right for you?

Trade if:

  • You want to double a small deposit and get started with low risk
  • You enjoy mobile bonuses, app contests, and trading-based rewards
  • You’re trading on a smartphone or basic setup with limited internet

Consider Alternatives:

  • You’re unlikely to meet the trading volume needed to release bonus profits
  • You prefer using MetaTrader exclusively and want access to all bonus promotions
Visit Broker

XM

Best for traders seeking structured deposit bonuses and consistent loyalty rewards

XM
4.45
75.18% of retail CFD accounts lose money

Min. Spread

0.6 pips

Regulation

DFSA, FSC, FSCA, ASIC, CySEC

Min. Deposit

USD 5

Platforms

MT5, MT4

Max Leverage

30:1

Why XM Stands Out

  • 50% Deposit Bonus up to $500
    XM offers up to $500 bonus, giving Zambian traders more margin to work with, even on small accounts.
  • Earn Bonus Points as You Trade
    XM’s loyalty program (XMP) lets you earn points for every trade and convert them into bonus credit for future use.
  • Bonus Available Across All Platforms
    Whether you trade via the XM app, MT4, or MT5, your bonus applies equally—ideal for mobile traders in Zambia.
  • Quick Onboarding Using Zambian ID
    XM accepts NRCs and passports for account setup, with onboarding support available via live chat and email.
  • Bonuses Start from Just $5
    You can qualify for bonuses with a minimum deposit of just $5 (around ZMW 125)—excellent for cautious traders.

Why XM Falls Short

  • You Must Trade to Unlock Bonus Profits
    Profits earned with bonus credit require you to meet certain trading volume before they can be withdrawn.
  • Bonuses May Expire
    Bonus offers are often time-sensitive, so they must be claimed and used within specific periods.

XM | Best for traders seeking structured deposit bonuses and consistent loyalty rewards

Final Verdict: Is XM right for you?

Trade if:

  • You want to boost your deposit with as little as $5
  • You like earning bonus credit automatically as you trade
  • You need mobile access and smooth verification using Zambian documents

Consider Alternatives:

  • You won’t be trading enough to meet bonus profit withdrawal rules
  • You prefer bonuses that don’t expire or require activation
Visit Broker

Tickmill

Best for traders who value unrestricted trading with bonuses

Tickmill
4.58
74% of retail CFD accounts lose money

Min. Spread

0.0 pips

Regulation

FSA-Seychelles, DFSA, FSCA, FCA, CySEC

Min. Deposit

USD 100

Platforms

TradingView, MT5, MT4

Max Leverage

30:1

Why Tickmill Stands Out

  • Real Market Conditions Even With Bonus
    Tickmill provides real market conditions with bonus use,—bonus funds are added to real accounts, not demo-like environments.
  • Trade with Raw Spreads from 0.0 Pips
    Bonus trading still gives you access to top-tier spreads and low commission, ideal for scalping or day trading.
  • Simple ID Verification
    Accounts can be opened with an NRC or passport, and the support team is available to assist Zambian clients in English.
  • No Trading Strategy Restrictions
    Tickmill supports trading strategies like scalping and hedging—bonus use doesn’t restrict your trading approach.
  • Bonus Can Boost Margin Without Changing Leverage
    Tickmill’s bonus adds to usable margin, helping manage trades better without affecting your set leverage.

Why Tickmill Falls Short

  • No In-App Bonus Tracking
    Tickmill’s mobile app doesn’t show real-time bonus progress or redemption status.
  • No Zambian Kwacha Accounts
    All accounts are in USD or EUR, so conversion fees may apply when funding with ZMW.

Tickmill | Best for traders who value unrestricted trading with bonuses

Final Verdict: Is Tickmill right for you?

Trade if:

  • You want professional conditions with low costs and no bonus limitations
  • You trade using advanced strategies or EAs and need unrestricted access
  • You’re okay using USD accounts and verifying with Zambian ID or passport

Consider Alternatives:

  • You’re looking for a no-deposit bonus to try live trading risk-free
  • You want to fund and withdraw in ZMW to avoid conversion charges
Visit Broker

AvaTrade

Best for regulated cashback bonuses with transparent terms

AvaTrade
4.59
76% of retail CFD accounts lose money

Min. Spread

0.9 pips

Regulation

ISA, FRSA, CBI, FSA-Japan, FSCA, ASIC, CySEC

Min. Deposit

USD 100

Platforms

AvaOptions, Avatrade Social, MT5, MT4

Max Leverage

30:1

Why AvaTrade Stands Out

  • Mobile-Friendly Bonus Access
    Bonuses work on the AvaTradeGO app, which is ideal for Zambians trading from their smartphones—especially in areas with limited internet access.
  • Transparent & Regulated Bonus Terms
    Bonus conditions are clearly stated, with no hidden clauses, and all promotions are backed by trusted international regulation.
  • Accessible Minimum Deposit
    Zambian traders can qualify for many of AvaTrade’s bonuses with a deposit of just $100, making it attainable for most.
  • Tiered Bonus System
    AvaTrade often gives higher bonus rewards for larger deposits, making it suitable for Zambian traders who plan to scale up their accounts.
  • Local-Friendly Support & Verification
    AvaTrade accepts Zambian IDs and driver's licences, and account setup is smooth with responsive support during onboarding.

Why AvaTrade Falls Short

  • Bonuses Aren’t Always Available
    Bonuses are usually tied to specific campaigns and may not be offered at the time you open your account.
  • No In-App Bonus Tracker
    AvaTradeGO doesn’t provide a tracker for your bonus progress, so you’ll need to calculate your volume manually.

AvaTrade | Best for regulated cashback bonuses with transparent terms

Final Verdict: Is AvaTrade right for you?

Trade if:

  • You want a well-regulated broker offering clear, structured deposit bonuses.
  • You trade from your phone and want a bonus that works smoothly on mobile.
  • You’re starting with $100 or more and want your bonus to scale with your deposit.

Consider Alternatives:

  • You prefer brokers with permanent or always-on bonuses.
  • You want to track your bonus usage and redemption progress on mobile.
Visit Broker

HFM

Best for bonuses and monthly rebates for active Zambian traders

HFM
4.43
72.90% of retail CFD accounts lose money

Min. Spread

0.0 pips

Regulation

CMA, FSA-Seychelles, FSC, DFSA, FSCA, FCA

Min. Deposit

USD 0

Platforms

HFM Trading App, MT5, MT4

Max Leverage

2000:1

Why HFM Stands Out

  • Double Your Deposit Instantly
    HFM’s 100% deposit bonus gives Zambian traders a quick way to double their trading capital from the moment they fund their account.
  • Earn Real Cashback on Trades
    With the HFM rebate system, you receive real cash back every month based on the number of lots you trade—whether your trades win or lose.
  • Join Trading Contests for Extra Rewards
    Zambian traders can compete in international contests to win bonus funds, branded merchandise, or cash payouts.
  • Withdraw Profits from Bonus Trades
    Any profit made using bonus-backed positions can be withdrawn, as long as the volume conditions are met.
  • Fast Support & Easy Onboarding
    HFM accepts Zambian IDs and their support team helps ensure onboarding is quick and straightforward.

Why HFM Falls Short

  • Some Bonuses Must Be Activated Manually
    Not all bonuses are automatically applied—you may need to opt in after funding your account.
  • Bonus Guidance Is Only in English
    There’s currently no Swahili or local-language support for bonus-related FAQs or trading education.

Final Verdict: Is HFM right for you?

Trade if:

  • You want to double your deposit right away and get more trading power.
  • You value cashback that rewards your activity—even during non-profitable periods.
  • You enjoy global contests and want more ways to earn outside regular trading.

Consider Alternatives:

  • You prefer bonuses that apply automatically without extra steps.
  • You need bonus guides or support in Swahili or simpler English.
Visit Broker
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Types of Forex Bonuses

Forex bonuses vary in structure and purpose. Below are the main types of bonuses you may come across.

No Deposit Bonus

A no-deposit bonus is provided to new traders without the need to fund an account. It allows traders to experience live market conditions with real funds, but withdrawals are usually only possible after meeting specific trading requirements.

Deposit Bonus

This type of bonus is awarded when you fund your trading account. Some brokers offer a fixed bonus, while others match a percentage of your deposit. For example, “Deposit 15,000 ZMW and receive a 30% bonus.” While the bonus can increase your trading capital, you may not be able to withdraw it, and profits might only be released after meeting set conditions.

Trading Volume Bonus

Some brokers offer a cash rebate or reward based on your trading activity. These are typically aimed at high-volume traders. For example, if you trade over 100 million USD in a calendar month, you may receive a rebate of 10 USD per million traded.

Cashback or Rebate Programmes

These programs return part of the trading cost (such as commissions or spreads) to the trader’s account. Cashback is usually credited automatically and can either be withdrawn or used for further trading.

Referral Bonuses

Some brokers offer a reward for referring new clients. You may receive a fixed amount, or a percentage of your referral’s trading activity, once they meet certain trading milestones.

Loyalty and Reload Bonuses

Aimed at returning clients, these bonuses are often awarded when a trader makes subsequent deposits or reaches trading milestones. Some brokers also run point-based loyalty schemes that offer cash or non-cash rewards.

Common Terms and Conditions of Forex Bonuses

In order to accept your Forex bonus, you will also have to accept all the terms and conditions. Below is an exhaustive list of the terms and conditions that could apply to your no-deposit bonus. Not all of these may apply, so always read the small print before signing up:

  • Bonuses are usually only available to new clients.
  • Most bonuses have a time limit. For example, they may expire if the account isn’t verified within 30 days.
  • Withdrawing funds during the bonus period may lead to cancellation of the bonus.
  • Bonuses apply per client, so if clients hold multiple accounts, they are only eligible to receive the no-deposit bonus once in the first account registered during the promotional period.
  • There might be a limit on the number bonuses that can be granted to family members per household.
  • Brokers may restrict the use of the bonus to specific trading platforms or instruments.
  • There are usually conditions relating to withdrawals.
    • For example, you might have to complete a certain number of trades within a set time period or generate a specified amount of profit.
    • You may also have to trade 10,000 USD, or even up to 100,000 USD, for each 1 USD of the bonus. Such bonuses might be more suitable for regular traders who place dozens of trades a day or who place trades of a large size, rather than for beginners.
  • Identity verification is mandatory before a broker will credit any bonus or allow profit withdrawals.

Always read the full terms and conditions before accepting a bonus offer.

How to Choose the Best Forex Bonus

When evaluating whether to accept a forex trading bonus, consider the following:

  • Regulation: You need to check that the broker is legitimate and trustworthy. Is the broker regulated by a top-tier global authority such as ASIC, the FCA, and CySEC? Find the brokers regulatory licence number and then check with the regulator that the licence is valid. Read more about the importance of regulation here, and how to avoid scam brokers here.
  • Terms and conditions: Read the terms and conditions of the bonus carefully. Make sure you understand the conditions related to the withdrawal of your profits. The bonus funds are often frozen, either wholly or in part, until these conditions are met. 
  • Time limits: Bonuses often come with time limits. You may, for example, have 30 days to trade the bonus before it becomes invalid.
  • Eligible currency pairs: Brokers might limit the use of the bonus to certain currency pairs, again underlining the need to read the conditions carefully.
  • Bonus amount: If you’re looking specifically for a no-deposit bonus, it’s worth shopping around as brokers offer different no-deposit bonus amounts, generally ranging from 30 – 150 USD.

"Always read the full terms and conditions before accepting a bonus offer."

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Frequently Asked Questions

Below are some of the most common questions people have about Forex trading bonuses.

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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.

Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack

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.

Alison Heyerdahl

Head of Content

Alison Heyerdahl

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.

Ida Hermansen

Financial Writer

Ida Hermansen

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.

Stefan de Clerk

Financial Writer

Stefan de Clerk
The newest member of our team, Stefan has a degree in Marketing and more than a decade of experience writing quality content in both finance and tech. Stefan's deep fascination with how factors like geopolitical events, big data and market sentiment influence the financial markets drives his passion for Forex trading. He believes that if you want to feel the pulse of the world economy, trade Forex, and if you want to trade Forex, you need well-researched, unbiased and objective information.

                

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