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Risk·77–82% of retail CFD accounts lose money. Trade only with capital you can afford to lose.
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Stockbrokers2026

Brokers by Country · ZM

Stock Brokers in Zambia, 2026

Tracked byUpdated

Zambia has no domestic retail forex/CFD framework — the SEC Zambia supervises the Lusaka Stock Exchange and broker-dealers, while the Bank of Zambia handles banking and the kwacha (ZMW). The ZMW has experienced sustained depreciation against the USD with periodic FX scarcity. Most retail FX activity routes through offshore brokers; mobile money dominates local funding alongside USD wires and stablecoins.

4 / 4 brokers accept Zambia

stock

  1. Editorial top pick

    01Deriv

    BVIMFSA
    Open account at Deriv →
    Avg spread
    0.70pip
    editorial estimate
    Cost / lot
    $7.00
    no commission
    Min deposit
    $5
    Max leverage
    1:1000
    EU retail (MFSA Malta): 1:30 · Labuan / Vanuatu / BVI entities: up to 1:1000

    $5 minimum + 25 years of operating history (since 1999 as Binary.com, rebranded Deriv in 2020) · Forex is secondary to synthetic indices (their proprietary product) — CFD instrument breadth is narrower than ECN-focused brokers like Tickmill

    Fits ifYou trade synthetic indices (Volatility, Crash, Boom) — Deriv invented this product category
    PlatformsMetaTrader 5, Deriv X

    Founded in 1999 · Verified Jun 1, 2026

    Full Deriv details →

  2. 02XM Group

    ASICCySECIFSC
    Open account at XM Group →
    Avg spread
    1.30pip
    midpoint of broker range
    Cost / lot
    $13.00
    no commission
    Min deposit
    $5
    Max leverage
    1:1000
    EU/AU retail: 1:30 · XM Global (offshore entity): up to 1:1000

    $5 minimum makes starting cheap · Standard account EUR/USD spread 1.0–1.6 pip (broker-published range) + $0 commission ≈ $13/lot — one of the highest costs in our list

    Fits ifYou want the lowest-friction entry in our list — $5 minimum deposit
    PlatformsMetaTrader 4, MetaTrader 5, Web Trader

    Founded in 2009 · Verified Jun 1, 2026

    Full XM Group details →

  3. 03Libertex

    SVG FSA
    Open account at Libertex →
    Avg spread
    0.50pip
    midpoint of broker range
    Cost / lot
    $5.00
    no commission
    Min deposit
    $10
    Max leverage
    1:999
    Libertex International (St. Vincent & the Grenadines). EU/EEA residents are served by the separate CySEC-regulated entity at 1:30.

    $10 minimum + Forex Club heritage (founded 1997) — long operating history · Offshore SVG (St. Vincent & the Grenadines) registration only — no tier-1 (FCA/ASIC) or EU (CySEC) oversight

    Fits ifYou have $10 to start — one of the lowest entry minimums in our list
    PlatformsMetaTrader 4, MetaTrader 5, Libertex Platform

    Founded in 1997 · Verified Jun 1, 2026

    Full Libertex details →

  4. 04RoboForex

    IFSC
    Open account at RoboForex →
    Avg spread
    0.20pip
    broker-published typical
    Cost / lot
    $6.00
    incl. $4 commission
    Min deposit
    $10
    Max leverage
    1:500
    IFSC Belize offshore only — ECN tier; separate Pro account reaches 1:2000

    ECN account: 0.2 typical + $4 round-turn ≈ $6/lot — among cheapest commission tiers in our list · IFSC Belize only — no tier-1 regulator, no FSCS-equivalent protection

    Fits ifYou're in a non-restricted, non-EU-focused jurisdiction and want ECN-style $6/lot pricing at a $10 entry minimum
    PlatformsMetaTrader 4, MetaTrader 5, R Stocks Trader

    Founded in 2009 · Verified Jun 1, 2026

    Full RoboForex details →

Country context

Regulator
SEC Zambia · Securities and Exchange Commission Zambia — supervises Lusaka Stock Exchange and broker-dealers; the Bank of Zambia handles banking and currency
Currency
ZMW
Payment methods
MTN Mobile Money ZambiaAirtel MoneyWire transfer (USD)USDT
Tax

Personal income tax is progressive up to 37.5%. Capital gains on financial instruments are taxed under the property transfer tax framework at varying rates. Foreign brokers do not withhold; income is self-declared via the ZRA (Zambia Revenue Authority) annual return.

Retail trading rules

There are no statutory leverage caps for offshore-served residents; brokers apply their own limits. SEC Zambia and Bank of Zambia periodically publish warnings against unauthorised forex schemes — pyramid-style schemes have been a recurring consumer-protection concern in Southern Africa. Bank of Zambia exchange-control rules require declaration of larger outbound USD transfers.

Frequently asked

Which brokers accept residents of Zambia?+

4 of 4 brokers in our ranking accept Zambia: Deriv, XM Group, Libertex, RoboForex.

Who regulates brokers for Zambia?+

Primary regulator: SEC Zambia — Securities and Exchange Commission Zambia — supervises Lusaka Stock Exchange and broker-dealers; the Bank of Zambia handles banking and currency.

What payment methods are available?+

Common methods: MTN Mobile Money Zambia, Airtel Money, Wire transfer (USD), USDT.

What are the tax rules for trading in Zambia?+

Personal income tax is progressive up to 37.5%. Capital gains on financial instruments are taxed under the property transfer tax framework at varying rates. Foreign brokers do not withhold; income is self-declared via the ZRA (Zambia Revenue Authority) annual return.

Scope of coverage

Brokers tracked
14
Regulators indexed
55
Regulator actions logged
2
Latest pricing verification
Jun 1, 2026

Pricing and licensing status refresh weekly; the ranking is reviewed quarterly.