EasyEquities is a South African investment platform founded in 2014 and part of the Purple Group. It started as a low-cost stockbroker, democratizing access to the JSE for everyday investors, and has since expanded into forex and offshore markets. For Zimbabwe traders, this is an attractive option because it operates in USD, which is the preferred currency in Zimbabwe, and allows fractional investing, meaning you can start trading with as little as a few dollars.
The platform has grown significantly across Africa and now serves clients in several countries, including Zimbabwe. Its relevance for local traders lies in its affordability and simplicity. Rather than navigating the complex foreign exchange restrictions in Zimbabwe, traders can fund their accounts via Bank Transfer, Skrill, or USDT, all of which bypass the local RTGS system. EasyEquities also offers direct access to global stocks, ETFs, and, to a limited extent, forex pairs.
However, it is not a full-scale forex broker. Experienced Zimbabwean forex traders may find the platform's advanced trading tools lacking. Yet for those who want to dip into trading with small capital, or who prefer a long-term investing approach, EasyEquities is a solid and legitimate choice.
| Detail | Information |
|---|---|
| Founded | — |
| Headquarters | — |
| Regulated by | — |
| Min Deposit | $0 |
| Max Leverage | — |
| Platforms | — |
| Islamic Account | Not available |
| Copy Trading | Not available |
| Demo Account | Available |
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|---|---|---|---|
| EUR/USD | Check broker | Varies | Varies | Check broker |
| Feature | Available |
|---|---|
| Demo Account | Yes |
| ECN/Raw Account | No |
| Islamic (Swap-free) | No |
| Scalping Allowed | Yes |
| Hedging Allowed | Yes |
| Expert Advisors (EA) | Yes |
| Copy Trading | No |
EasyEquities does not offer a dedicated Islamic account. For Muslim traders in Zimbabwe who follow Sharia law, this is a limitation because any forex position held overnight incurs swap fees, which are essentially interest payments. However, EasyEquities' core share investing does not involve overnight swaps, so it may be acceptable for halal stock trading. For forex, you would need to close all positions before the daily rollover time to avoid swap charges.
This is not a practical solution for long-term trades. Some traders have contacted support requesting swap-free accounts and received case-by-case responses, but there is no official policy. Zimbabwean Muslim traders should consider whether the platform’s instruments fit their religious requirements. If forex trading is essential, you may need to look for a broker that offers genuine swap-free accounts.
| Feature | Details |
|---|---|
| Islamic Account Available | No |
| Swap Fees | May apply |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
| Asset Class | Examples | Available | Typical Spread |
|---|---|---|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | All available | Check broker |
| Gold (XAU/USD) | Spot Gold | Available | — |
| Silver (XAG/USD) | Spot Silver | Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | Available | 0.02% |
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|---|---|---|---|---|
| Easyequities (current) | $0 | Check broker | No | No | 4.5 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| IC Markets | $200 | 0.02 pips | Yes | No | 4.8 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
EasyEquities is a reliable and affordable platform for Zimbabwe traders but it is not a dedicated forex broker. If you are a beginner looking to invest in global stocks, ETFs, or occasionally trade major forex pairs with small capital, EasyEquities is an excellent starting point. The ability to fund in USD using Bank Transfer, Skrill, or USDT solves many local banking headaches, and the FSCA regulation gives it a level of trustworthiness that is rare among unregulated local brokers.
However, if you are an experienced forex trader who needs tight spreads, advanced charting tools, and fast execution, you will likely need to look elsewhere. The limited product range and lack of MetaTrader support make it unsuitable for scalping or algorithmic trading. Ultimately, EasyEquities is best suited for Zimbabwean retail investors who value simplicity, low fees, and long-term growth over short-term forex tactics.