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8 Best Forex Brokers in Zambia ( Why you should consider forex trading) – Zambian Watchdog

The Forex Market is the largest and most accessible markets of them all, and it experiences substantially high volumes on a daily basis with transaction to the value of more than $5 trillion being executed within a 24 hour time period.

Overview of Forex Trading in Zambia

The Forex Market is the largest and most accessible markets of them all, and it experiences substantially high volumes on a daily basis with transaction to the value of more than $5 trillion being executed within a 24 hour time period.

There has been an influx in traders taking to the Forex Market for various reasons, one being the attempt to secure an alternative income due to economic duress as result of the Covid-19 pandemic.

There has been an influx in Forex trading especially in various African countries recently, due to more brokers welcoming traders from numerous African countries, providing them with an opportunity to partake in the largest financial market in the world.

Beginner Zambian traders will need to ensure that they gain sufficient Forex trading knowledge by making use of various guidelines and tutorials before they attempt to start trading to avoid substantial loss of capital due to novice errors.

Various brokers offer educational tools and resources that aid beginners in starting their Forex trading journey, and in addition, they offer the use of demo accounts which act as practice accounts.

These demo accounts offer beginner Zambian traders with the opportunity to build up their trading skill and experience with the added advantage that it is a risk-free trading environment that mirrors that of a live trading environment.

There are numerous brokers that accept Zambian traders, and when comparing between them, it will depend on the Zambian trader’s trading needs and objectives in deciding which broker is better suited.

Before registering a live account with a Forex broker, it is imperative for Zambian traders to verify the exchange rate along with the deposit, withdrawal and account base currencies supported.

All currency conversions performed in this article have been done between the US Dollar and the Zambian kwacha at the current exchange rate on the day and at the time that this article was written.

Best Forex Brokers recommended for Zambian traders

ThinkMarkets is an Australian-based ECN and STP broker with regulation through ASIC, and FCA. As a well-regulated, global online broker, ThinkMarkets facilitates the trade of Forex, commodities, cryptocurrency, stocks, and many more financial instruments.

Should Zambian traders wish to make use of this broker, there is a minimum deposit of 4, 540.06 ZMW which allows traders access to leverage of 1:500, variable and tight spreads, and relatively low and competitive commissions on trades.

ThinkMarkets supports the use of MetaTrader 4 and Trade Inceptor and supports a variety of payment methods through which deposits and withdrawals can be made.

eToro is a Cyprus-based broker with multiple regulations through ASIC, FCA, and CySEC in providing online trading facilitation of multiple financial instruments including Forex, commodities, cryptocurrency, indices, and several others.

In opening an account with eToro, Zambian traders will be expected to deposit a minimum of 3,632.05 ZMW when opening an account, providing them with tight and variable spreads, leverage up to 1:400, and commission free trading.

eToro provides its own proprietary platform through which trades can be executed along with an array of payment methods which are supported for deposits and withdrawals.

Trading 212 is a STP broker headquartered in Bulgaria and the U.K with regulation through both the FCA and FSC, respectively. Trading 212 facilitates the trade of Forex, commodities, cryptocurrency, stocks, shares, and many other financial instruments.

Zambian traders who open an account with this broker will be liable to pay a minimum deposit from as little as 18.16 ZMW which provides them access to leverage up to 1:300, variable spreads, and commission free trading.

Trading 212 provides its own proprietary trading platform through which trades can be executed either on web or mobile devices and Zambian traders can make use of an array of payment methods when making deposits or withdrawing funds.

Pepperstone is an Australian-based ECN and STP broker which is authorized and regulated by ASIC, FCA, and DFSA in facilitating trading of Forex, commodities, cryptocurrency, stocks, shares, and numerous other financial instruments.

When opening an account, Zambian traders can expect minimum deposit requirements of 3,632.05 ZMW, leverage of up to 1:500, variable and tight spreads, and ultra-low commissions charged on trades.

Zambian traders can make use of either MetaTrader 4, MetaTrader 5, or cTrader through which trades can be executed and various payment methods which are supported through which deposits and withdrawals can be made.

FXPrimus is a Cyprus-based ECN and STP online broker which is regulated by CySEC, FSCA, and VFSC, and facilitates the trading of Forex, commodities, cryptocurrency, stocks, shares, metals, CFDs, and other financial instruments.

The minimum deposit required when opening an account with FXPrimus is 1,816.03 ZMW and Zambian traders can expect leverage up to 1:1000, variable spreads and low commissions which are charged on trades.

When trading, Zambian traders can make use of MetaTrader 4 either on desktop PC, web browsers, or mobile devices. FXPrimus supports the use of various payment methods through which deposits and withdrawals can be made.

HYCM is an ECN and STP online broker with offices in the U.K, Cyprus, UAE, and the Cayman Island with respective regulation through CIMA, CySEC, DFSA, and the FCA. HYCM facilitates the trade in Forex, commodities, stocks, and more.

When opening an account with HYCM, Zambian traders can expect a minimum deposit requirement of 1,816.03 ZMW, leverage of up to 1:200, fixed and variable spreads and relatively low commission charges on trades.

Zambian traders have a choice between using either MetaTrader 4 or Metatrader 5 when trading. HYCM supports a variety of payment methods through which deposits and withdrawals can be made.

Forex.com is based in the United States, U.K, and Japan with multi-regulation and authorization through ASIC, CFTC, FCA, FSA, IIROC, JFSA, and NFA in facilitating the online trading of Forex, commodities, stocks, indices, CFDs, and numerous other instruments.

Should Zambian traders open an account with Forex.com, there is a required minimum deposit of 908.01 ZMW which provides traders with access to leverage of 1:50, variable spreads and average commission charges.

Forex.com supports the use of MetaTrader 4 but also offers its own proprietary trading platform as well and deposits and withdrawals can only be done through Bank Wire Transfer or Credit/Debit Cards.

NordFX is a STP, ECN, and NDD online broker based in Vanuatu and Cyprus with respective regulation and authorization through VFSC and CySEC in providing trading facilities for Forex, commodities, cryptocurrency, stocks, and other financial instruments.

The minimum deposit required when opening an account is 181.60 ZMW and NordFX offers leverage of up to 1:1000, fixed and variable spreads, and extraordinarily low commissions charged on trades.

Zambians can trade by making use of MetaTrader 4 which can be used either on desktop PCs, web browsers or mobile devices. NordFX supports an array of payment methods which can be used to make deposits as well as withdrawals.

Final Thoughts

With more brokers accommodating traders from African countries, including Zambia, Zambian traders have more access to an array of options where brokers are concerned.

When choosing a broker, Zambians will need a clear understanding of their trading and financial objectives along with their trading needs and what they expect from their broker.

Zambian traders can make use of demo accounts provided by these brokers to gain a more in-depth view of the brokers’ trading conditions in a risk-free environment by using virtual funds instead of the trader’s own capital.

Open a Free Trading Account Now.

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Online Trading platform SIRIX

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SIRIX|  Online Trading platform SIRIX Review

[yasr_overall_rating]

Everyone that has been trading for some time has most likely traded on the metatrader 4 trading platform of metaquotes. This has been the standard in the industry for the last couple of years.

 

But more and more brokers Like CMSTrader and UBCFX are offering alternatives that might suite certain traders even better then the MT4 as they have a lower learning curve and are designed more intuitive.
One of these platforms is the Sirix Trading Platform.
The Sirix Trading platform is

Sirix, a fully packed trading software with numerous with numerous options and special indicators that are designed by the software company to present you with a personalized trading experience.

Positive features and benefits of the Sirix Trading Platform

Ease of Use: if you are a trader you will be able to access your Sirix trading platform and see all your trades and other information at any place and time. The Web-trader is a fully function trading platform that does not require you to do any download. This has more or less become the norm of the industry and if you for example take the Sirix Trading platform of LegacyFX you will be able to have a download desktop version, a web version and a mobile version.
these in general all have the same functionalities but of course is the mobile version a bit more limited due to the smaller screen real estate.

Indicators and Options: this platform provides build I more than 50 Indicators which for most traders is over kill but it does allow most traders to find the right indications to match their trading behavior and trading strategies.

The Charting Package that Sirix provides is easy enough to understand and gives you as a trader all the information you need, there are different time frames that in combination with the ability to display lines and annotations make this platform feel like it is designed for you.

Social Trading: Sirix has a full feature social trading module that allows you to watch the trades of others which might give you new insights and trading ideas. If you come a across a trader that is particular successful you are able to copy that traders’ trades and create a full automated copy trader,
You as the trader are still in charge and you have the option to trade with lesser or higher amount then the trader you are copying.
In order to use the social trading, you have to open an account with their social trading community.

This can only be done by using a nickname an order to protect you identity. When you are part of the community then you are part of all the brokers that offer this feature to their traders. Meaning you are able to follow a trader that is trading with 12trader while you are trading with account from UBCFX or any other broker that has Sirix.

Now I have to mention that if you look to only trade social then the Etoro Platform is still a better solution s this system is built only for social trading and they have pretty much defined the concept.

 


Sirix Crypto Trading Platform

this is the latest platform that was launched by Leverate.

it focuses , just like the name says more n the trading of cryptocurrencies.

as this company understands that this is the direction where the market is going and more and more traders are asking for trading in Bitcoin or ripple trading to just name a few they have added this feature to the Sirix Platform , this means that every broker that has the sirix trading platform is in theory able to offer trading in cryptocurrencies.

in addition they have launched also a platform that is only trading cryptocurrencies but that will be another review as i have yet to see and play with this system


Conclusion
The Software company Leverate has created a very user friendly platform with inbuilt social trading and news functionality. When they launched this platform in 2012 it was already a good platform but today it rivals the best of them easily.

The Intuitive aspect of this platform is one of the key features and makes the threshold of trading lower for newbies. There is also a fastn amount of Sirix Tutorials out there that will help even the total beginners with the Sirix Platform

Now of the traders that need bots and more indicators then there sis still nothing that beats the metatrader 4 trading platform but for many traders Sirix offers more then enough and makes the trading experience easier then with MT4.
More and more brokers are offering this alongside their other trading platform so you as a trader will come across more and more brokers that have the Sirix Trading platform in their arsenal.

These are some of the Best Broker for trading on Sirix

UBCFX
LegacyFX
12Trader
CMStrader

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Who Will Speak at Blockchain & Bitcoin Conference Stockholm?

Who Will Speak at Blockchain & Bitcoin Conference Stockholm?

Bringing DLT Specialists Together:

 

 On September 11, Sweden will host Blockchain & Bitcoin Conference Stockholm organized by Smile-Expo – international coordinator of business events.

The conference will introduce various topics regarding blockchain and will drive attention to the most topical problems of the cryptocurrency market today.

Key speakers:[yasr_overall_rating]

One of the invited experts is the Member of Swedish Parliament Mathias Sundin who is involved in the Tax Committee and the Finance Committee. The specialist has co-founded a revolutionary technological organization Warp Institute and joined financial company Goobit. At the event, the speaker will analyse the power of decentralized systems, evaluating its long-term strenghts.

Head of Digital and Innovation at Landshypotek Bank Merete Salmeling will deliver the presentation, too. She will explain how DLT can be integrated into the real estate, and what advantages it brings.

President of Blockchain Alliance Europe Tanja Bivic Plankar will join the conference as well. Being an initial coin offerings expert, she will share knowledge about ICOs, describe recent innovations in the token sale sphere and talk about the regulatory framework.

Meet the speakers at the Blockchain & Bitcoin Conference Stockholm

Regulatory and legal challenges coming with innovations will also be discussed by Dr. Guenther Dobrauz-Saldapenna – Partner & Leader PwC Legal Switzerland. The speaker is a lawyer, VC investor, and banking specialist. He provides business consultations and has already written 10 books discovering innovative processes, money and technology.

See the full list of Key speakers here

Blockchain & Bitcoin Conference Stockholm is the second crypto event in Sweden carried out by Smile-Expo. The company has already held 40 successful crypto conferences in 25 countries.

Use an opportunity to meet leading DLT specialists, ask questions and learn new topical information about the blockchain industry at first hand at the conference!

Blockchain & Bitcoin Conference Stockholm

Details of the event and registration are available on the official website of Blockchain & Bitcoin Conference Stockholm.

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Go Visit the Blockchain & Bitcoin Conference Stockholm

Go Visit the Blockchain & Bitcoin Conference Stockholm

The Blockchain & Bitcoin Conference Stockholm is a highly anticipated crypto event in Sweden.  and is being held for the second time.

after the success of the first one they look to make this event a annual one.  since the crypto industry is going more and more out of the shadows and becomes more mainstream you will find that the quality of people involved also grows.

this is clearly displayed in the extensive list of speakers at this event.

Event goals:

bringing together the international business community in order to share their experience of integrating blockchain and cryptocurrencies; discussing blockchain industry issues and finding ways to solve them; encouraging a balanced growth of the cryptocurrency market.

Conference topics: 

  • blockchain in various sectors: energy industry, real property, newsmaking etc.
  • Legal regulation of the blockchain sector
  • token models and their application
  • ICO regulation.

Speakers:

the list of world-renowned blockchain experts, including government officials, foreign investors, entrepreneurs, lawyers, and developers is impressive and should get this event the notice it deserves.

Meet the speakers at the Blockchain & Bitcoin Conference Stockholm

who should not miss this Event :

investors, business people, lawyers, startup founders, and those aiming to launch a token sale.

why should not miss this Event :

:to receive full information with case studies about the blockchain application, to discover how to comply with the legal norms in the blockchain industry, to find business partners, and to enhance your brand awareness.

Prices of the Event

Standard ticket  – 240 EUR

  • Full access to all conference sessions
  • Access to demo area
  • Сoffee breaks
  • Speed networking

Student ticket – 121 EUR

  • Full access to all conference sessions
  • Access to demo area
  • Сoffee breaks
  • Speed networking

A valid student ID should be presented at check-in. No refunds on the day of the event.

Buy Your ticket Now


Blockchain & Bitcoin Conference Stockholm is a part of the series of Blockchain World Events held in 25 countries. The organizer is Smile-Expo International Company.

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