Trading Experience
Trading Conditions
Account Types
Trading Platforms
Regulators

These are the best Forex Brokers in Tanzania for 2020

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Trading Experience
Trading Conditions
Account Types
Trading Platforms
Regulators
  • Minimum Deposit
    USD 100
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • ETFs
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    ASIC ASIC
    FSCA FSCA
    B.V.I FSC B.V.I FSC
    FSA FSA
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • POLi
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Paypal
    • Bank Transfer
    Trading Conditions
    • Max. Leverage : 400:1
    • Min. Spread : 0.9 pips
    • Currency Pairs : 50+
    AccountSpread FromCommissionExecutionMin. Deposit
    Professional1.3 pipsNoneInstantUSD 100 Account Details
    Retail1.3 pipsNoneInstantUSD 100 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • ETFs
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • POLi
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Paypal
    • Bank Transfer
    Trading Conditions
    • Max. Leverage : 400:1
    • Min. Spread : 0.9 pips
    • Currency Pairs : 50+
  • Minimum Deposit
    USD 50
    TRADING INSTRUMENTS
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    TYPE OF BROKER

    ECN/STP

    REGULATED BY
    CySEC CySEC
    TRADING PLATFORMS
    • MT4
    • MT5
    • cTrader
    DEPOSIT METHODS
    • Visa
    • Skrill
    • Neteller
    • Bitcoin
    • Fasapay
    • Bank Transfer
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 28
    AccountSpread FromCommissionExecutionMin. Deposit
    cTrader ECN0.0 pips$3.00MarketUSD 100 Account Details
    MT4 Micro0.4 pipsNoneMarketUSD 100 Account Details
    MT5 Pro0.2 pipsNoneMarketUSD 500 Account Details
    TRADING INSTRUMENTS
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    TRADING PLATFORMS
    • MT4
    • MT5
    • cTrader
    DEPOSIT METHODS
    • Visa
    • Skrill
    • Neteller
    • Bitcoin
    • Fasapay
    • Bank Transfer
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 28
  • Minimum Deposit
    USD 5
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • Energies
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    CySEC CySEC
    FCA FCA
    ASIC ASIC
    IFSC IFSC
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Sofort Banking
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Bitcoin
    • Unionpay
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.1 pips
    • Currency Pairs : 57
    AccountSpread FromCommissionExecutionMin. Deposit
    Micro1.0 pipsNoneInstantUSD 5 Account Details
    Standard1.0 pipsNoneInstantUSD 5 Account Details
    XM Ultra Low0.6 pipsNoneInstantUSD 50 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • Energies
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Sofort Banking
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Bitcoin
    • Unionpay
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.1 pips
    • Currency Pairs : 57
  • Minimum Deposit
    USD 5
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • Energies
    • Bonds
    TYPE OF BROKER

    ECN/STP

    REGULATED BY
    CySEC CySEC
    FCA FCA
    FSCA FSCA
    DFSA DFSA
    FSC FSC
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Bitcoin
    • Unionpay
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 51
    AccountSpread FromCommissionExecutionMin. Deposit
    Micro1.0 pipsNoneMarketUSD 5 Account Details
    Auto1.0 pipsNoneMarketUSD 200 Account Details
    Zero0.0 pips$3.00MarketUSD 200 Account Details
    HFCopy1.0 pipsNoneMarketUSD 300 Account Details
    Premium Pro1.0 pipsNoneMarketUSD 5000 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • Energies
    • Bonds
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Bitcoin
    • Unionpay
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 51
  • Minimum Deposit
    ZAR 2000
    TRADING INSTRUMENTS
    • Commodities
    • Forex
    TYPE OF BROKER

    Pure STP

    REGULATED BY
    FSCA FSCA
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    Trading Conditions
    • Max. Leverage : 200:1
    • Min. Spread : 0.6 pips
    • Currency Pairs : 32
    AccountSpread FromCommissionExecutionMin. Deposit
    BasicNormal pipsNoneSTPZAR 2000 Account Details
    StandardCompetative pipsNoneSTPZAR 15000 Account Details
    PremierTight pipsNoneSTPUSD 30000 Account Details
    VIPInstitutional pipsNoneSTPZAR 50000 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Forex
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    Trading Conditions
    • Max. Leverage : 200:1
    • Min. Spread : 0.6 pips
    • Currency Pairs : 32
  • Minimum Deposit
    USD 250
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    FSCA FSCA
    TRADING PLATFORMS
    • MT4
    • Sirix
    DEPOSIT METHODS
    • Bank Transfer
    • Neteller
    • Visa
    • Mastercard
    • Fasapay
    Trading Conditions
    • Max. Leverage : 200:1
    • Min. Spread : 1.5 pips
    • Currency Pairs : 47
    AccountSpread FromCommissionExecutionMin. Deposit
    Bronze1.5 pipsNoneInstantUSD 250 Account Details
    SilverNot Published pipsNoneInstantUSD 1000 Account Details
    GoldNot Published pipsNoneInstantUSD 10000 Account Details
    PremiumNot Published pipsNoneInstantUSD 25000 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    TRADING PLATFORMS
    • MT4
    • Sirix
    DEPOSIT METHODS
    • Bank Transfer
    • Neteller
    • Visa
    • Mastercard
    • Fasapay
    Trading Conditions
    • Max. Leverage : 200:1
    • Min. Spread : 1.5 pips
    • Currency Pairs : 47
  • Minimum Deposit
    ZAR 1500
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • Vanilla Options
    • ETFs
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    CySEC CySEC
    ASIC ASIC
    FSCA FSCA
    MAS MAS
    FMA FMA
    TRADING PLATFORMS
    • Plus500
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Paypal
    Trading Conditions
    • Max. Leverage : 300:1
    • Min. Spread : Not Disclosed pips
    • Currency Pairs : 70+
    AccountSpread FromCommissionExecutionMin. Deposit
    Standard0.0 pipsNoneInstantUSD 100 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • Vanilla Options
    • ETFs
    TRADING PLATFORMS
    • Plus500
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Paypal
    Trading Conditions
    • Max. Leverage : 300:1
    • Min. Spread : Not Disclosed pips
    • Currency Pairs : 70+
  • Minimum Deposit
    USD 100
    TRADING INSTRUMENTS
    • Forex
    • Indicies
    • Metals
    • Equities
    • Energies
    • Futures
    TYPE OF BROKER

    NDD Intervention Market Maker

    REGULATED BY
    FCA FCA
    CySEC CySEC
    FSCA FSCA
    DFSA DFSA
    SCB SCB
    TRADING PLATFORMS
    • MT4
    • MT5
    • cTrader
    • FxProEdge
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Unionpay
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.6 pips
    • Currency Pairs : 70+
    AccountSpread FromCommissionExecutionMin. Deposit
    FxPro cTrader0.45 pips$4.50MarketUSD 100 Account Details
    FxPro MT41.2 pipsNoneMarketUSD 100 Account Details
    FxPro MT51.52 pipsNoneMarketUSD 100 Account Details
    TRADING INSTRUMENTS
    • Forex
    • Indicies
    • Metals
    • Equities
    • Energies
    • Futures
    TRADING PLATFORMS
    • MT4
    • MT5
    • cTrader
    • FxProEdge
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Unionpay
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.6 pips
    • Currency Pairs : 70+
  • Minimum Deposit
    USD 250
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Equities
    • Bonds
    • Interest Rates
    • Digital 100s
    • IPOs
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    FCA FCA
    ASIC ASIC
    FSCA FSCA
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Paypal
    Trading Conditions
    • Max. Leverage : 200:1
    • Min. Spread : 0.6 pips
    • Currency Pairs : 93
    AccountSpread FromCommissionExecutionMin. Deposit
    Live Account0.6 pipsNoneInstantUSD 250 Account Details
    Spread Betting0.6 pipsNoneInstantUSD 250 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Equities
    • Bonds
    • Interest Rates
    • Digital 100s
    • IPOs
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Paypal
    Trading Conditions
    • Max. Leverage : 200:1
    • Min. Spread : 0.6 pips
    • Currency Pairs : 93
  • Minimum Deposit
    USD 200
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    CySEC CySEC
    FCA FCA
    ASIC ASIC
    TRADING PLATFORMS
    • etoro
    DEPOSIT METHODS
    • Visa
    • Mastercard
    • Neteller
    • Unionpay
    • Skrill
    • Paypal
    Trading Conditions
    • Max. Leverage : 400:1
    • Min. Spread : 2.0 pips
    • Currency Pairs : 47
    AccountSpread FromCommissionExecutionMin. Deposit
    Standard1.0 pipsNoneMarketUSD 200 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    TRADING PLATFORMS
    • etoro
    DEPOSIT METHODS
    • Visa
    • Mastercard
    • Neteller
    • Unionpay
    • Skrill
    • Paypal
    Trading Conditions
    • Max. Leverage : 400:1
    • Min. Spread : 2.0 pips
    • Currency Pairs : 47
  • Minimum Deposit
    USD 100
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    TYPE OF BROKER

    ECN/DMA

    REGULATED BY
    ASIC ASIC
    CySEC CySEC
    TRADING PLATFORMS
    • MT4
    • MT5
    • IRESS
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Paypal
    • Skrill
    • Neteller
    • Fasapay
    • BPay
    • paytrust88
    • POLi
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 50+
    AccountSpread FromCommissionExecutionMin. Deposit
    RAW0.0 pips$3.50STPUSD 100 Account Details
    Standard1.0 pipsNoneSTPUSD 100 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    TRADING PLATFORMS
    • MT4
    • MT5
    • IRESS
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Paypal
    • Skrill
    • Neteller
    • Fasapay
    • BPay
    • paytrust88
    • POLi
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 50+
  • Minimum Deposit
    USD 200
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • Bonds
    • Futures
    TYPE OF BROKER

    ECN

    REGULATED BY
    CySEC CySEC
    ASIC ASIC
    TRADING PLATFORMS
    • MT4
    • MT5
    • cTrader
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Paypal
    • Unionpay
    Trading Conditions
    • Max. Leverage : 30:1
    • Min. Spread : 0.1 pips
    • Currency Pairs : 60
  • Minimum Deposit
    USD 50
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Bonds
    • Interest Rates
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    FCA FCA
    ASIC ASIC
    MAS MAS
    TRADING PLATFORMS
    • MT4
    • ATPro
    DEPOSIT METHODS
    • PayID
    • Bank Transfer
    • Visa
    • Mastercard
    • BPay
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.7 pips
    • Currency Pairs : 84+
    AccountSpread FromCommissionExecutionMin. Deposit
    Professional0.5 pipsNoneInstantUSD 500000+ Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Bonds
    • Interest Rates
    TRADING PLATFORMS
    • MT4
    • ATPro
    DEPOSIT METHODS
    • PayID
    • Bank Transfer
    • Visa
    • Mastercard
    • BPay
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.7 pips
    • Currency Pairs : 84+
  • Minimum Deposit
    USD 200
    TRADING INSTRUMENTS
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • Bonds
    • WTIs
    TYPE OF BROKER

    ECN/STP

    REGULATED BY
    ASIC ASIC
    CySEC CySEC
    FCA FCA
    TRADING PLATFORMS
    • MT4
    • MT5
    • MT Supreme
    DEPOSIT METHODS
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • POLi
    • Bitcoin
    • Bank Transfer
    Trading Conditions
    • Max. Leverage : 30:1
    • Min. Spread : 0.1 pips
    • Currency Pairs : 40+
  • Minimum Deposit
    USD 50
    TRADING INSTRUMENTS
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • Bonds
    • WTIs
    TYPE OF BROKER

    Market Maker/STP

    REGULATED BY
    FCA FCA
    ASIC ASIC
    FSCA FSCA
    TRADING PLATFORMS
    • MT4
    • NinjaTrader
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    Trading Conditions
    • Max. Leverage : 400:1
    • Min. Spread : Variable pips
    • Currency Pairs : 39
    AccountSpread FromCommissionExecutionMin. Deposit
    Standard1.3 pipsNoneSTPUSD 50 Account Details
    Active TraderNot Published pipsYesSTPUSD 25000 Account Details
    TRADING INSTRUMENTS
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • Bonds
    • WTIs
    TRADING PLATFORMS
    • MT4
    • NinjaTrader
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    Trading Conditions
    • Max. Leverage : 400:1
    • Min. Spread : Variable pips
    • Currency Pairs : 39
  • Minimum Deposit
    USD 5
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • WTIs
    TYPE OF BROKER

    ECN

    REGULATED BY
    FCA FCA
    ASIC ASIC
    DFSA DFSA
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Bank Transfer
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.1 pips
    • Currency Pairs : 80+
    AccountSpread FromCommissionExecutionMin. Deposit
    MT4 Pro Account0.1 pips$7MarketUSD 5 Account Details
    MT4 Standard Account1.0 pipsNoneMarketUSD 5 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • WTIs
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Bank Transfer
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.1 pips
    • Currency Pairs : 80+
  • Minimum Deposit
    USD 10
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • ETFs
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    CySEC CySEC
    TRADING PLATFORMS
    • IQ option
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Bitcoin
    Trading Conditions
    • Max. Leverage : 1000:1
    • Min. Spread : 1.1 pips
    • Currency Pairs : 57
    AccountSpread FromCommissionExecutionMin. Deposit
    Live AccountUnpublished pipsNoneInstantUSD 5 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • ETFs
    TRADING PLATFORMS
    • IQ option
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Bitcoin
    Trading Conditions
    • Max. Leverage : 1000:1
    • Min. Spread : 1.1 pips
    • Currency Pairs : 57
  • Minimum Deposit
    USD 100
    TRADING INSTRUMENTS
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • Bonds
    • WTIs
    TYPE OF BROKER

    STP

    REGULATED BY
    CySEC CySEC
    FCA FCA
    FSA-Seychelles FSA-Seychelles
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • SticPay
    • Unionpay
    • Fasapay
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 60+
    AccountSpread FromCommissionExecutionMin. Deposit
    Classic1.6 pipsNoneMarketUSD 100 Account Details
    Pro0.0 pipsVariableMarketUSD 100 Account Details
    VIP0.0 pipsVariableMarketUSD 50000 Account Details
    TRADING INSTRUMENTS
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • Bonds
    • WTIs
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • SticPay
    • Unionpay
    • Fasapay
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 60+
  • Minimum Deposit
    USD 1000
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Equities
    • Bonds
    • Futures
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    FCA FCA
    TRADING PLATFORMS
    • MT4
    • MT5
    • AdvancedTrader
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Unionpay
    Trading Conditions
    • Max. Leverage : 400:1
    • Min. Spread : 1.7 pips
    • Currency Pairs : 78
    AccountSpread FromCommissionExecutionMin. Deposit
    ProfessionalCustom pipsNoneInstant Volume Based Account Details
    Standard1.7 pipsNoneInstantUSD 1000 Account Details
    Premium1.4 pipsNoneInstantUSD 10000 Account Details
    Prime1.1 pipsNoneInstantUSD 50000 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Equities
    • Bonds
    • Futures
    TRADING PLATFORMS
    • MT4
    • MT5
    • AdvancedTrader
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Unionpay
    Trading Conditions
    • Max. Leverage : 400:1
    • Min. Spread : 1.7 pips
    • Currency Pairs : 78
  • Minimum Deposit
    USD 5
    TRADING INSTRUMENTS
    • Commodities
    • Forex
    • Indicies
    • Metals
    TYPE OF BROKER

    NDD Intervention Market Maker

    REGULATED BY
    CySEC CySEC
    FCA FCA
    IFSC IFSC
    TRADING PLATFORMS
    • MT4
    • xStation5
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Paypal
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.1 pips
    • Currency Pairs : 49
    AccountSpread FromCommissionExecutionMin. Deposit
    Islamic0.28 pips$10.00InstantUSD 5 Account Details
    Pro0.28 pips$3.50InstantUSD 5 Account Details
    Standard0.35 pipsNoneInstantUSD 5 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Forex
    • Indicies
    • Metals
    TRADING PLATFORMS
    • MT4
    • xStation5
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Paypal
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.1 pips
    • Currency Pairs : 49
  • Minimum Deposit
    USD 500
    TRADING INSTRUMENTS
    • Commodities
    • Forex
    • Indicies
    • Equities
    TYPE OF BROKER

    ECN/STP

    REGULATED BY
    CySEC CySEC
    TRADING PLATFORMS
    • MT4
    • Sirix
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    Trading Conditions
    • Max. Leverage : 300:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 60+
    AccountSpread FromCommissionExecutionMin. Deposit
    InstitutionalNot Published pipsNot PublishedMarket Volume Based Account Details
    Basic2.4 pipsNoneMarketUSD 500 Account Details
    Standard1.4 pipsNoneMarketUSD 5000 Account Details
    Advanced Mark-Up1.1 pipsNoneMarketUSD 10000 Account Details
    Advanced RAW0.0 pips$5.50MarketUSD 10000 Account Details
    Premium Mark-up0.8 pipsNoneMarketUSD 50000 Account Details
    Premium RAW0.0 pips$4.00MarketUSD 50000 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Forex
    • Indicies
    • Equities
    TRADING PLATFORMS
    • MT4
    • Sirix
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    Trading Conditions
    • Max. Leverage : 300:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 60+
  • Minimum Deposit
    USD 100
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Vanilla Options
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    CySEC CySEC
    ASIC ASIC
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Sofort Banking
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Astropay
    Trading Conditions
    • Max. Leverage : 400:1
    • Min. Spread : 0.9 pips
    • Currency Pairs : 103
    AccountSpread FromCommissionExecutionMin. Deposit
    Standard1.9 pipsNoneInstantUSD 100 Account Details
    Premium1.4 pipsNoneInstantUSD 2000 Account Details
    VIP0.9 pipsNoneInstantUSD 10000 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Vanilla Options
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Sofort Banking
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Astropay
    Trading Conditions
    • Max. Leverage : 400:1
    • Min. Spread : 0.9 pips
    • Currency Pairs : 103
  • Minimum Deposit
    GBP 100
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • ETFs
    TYPE OF BROKER

    ECN/STP

    REGULATED BY
    FCA FCA
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 68
    AccountSpread FromCommissionExecutionMin. Deposit
    Advanced Account1.4 pipsNoneSTPUSD 100 Account Details
    Copy Trading1.4 pipsNoneSTPUSD 500 Account Details
    Pro Account1.0 pipsNoneSTPUSD 5000 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • ETFs
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 68
  • Minimum Deposit
    USD 100
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    CySEC CySEC
    FSC FSC
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Sofort Banking
    • Visa
    • Mastercard
    • Skrill
    Trading Conditions
    • Max. Leverage : 400:1
    • Min. Spread : 1.0 pips
    • Currency Pairs : 50+
    AccountSpread FromCommissionExecutionMin. Deposit
    Basic1.5 pipsNoneInstantUSD 100 Account Details
    RAW Spread0.0 pipsNoneInstantUSD 200 Account Details
    Black1.1 pipsNoneInstantUSD 10000 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Sofort Banking
    • Visa
    • Mastercard
    • Skrill
    Trading Conditions
    • Max. Leverage : 400:1
    • Min. Spread : 1.0 pips
    • Currency Pairs : 50+
  • Minimum Deposit
    USD 100
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • Futures
    TYPE OF BROKER

    Market Maker/ECN

    REGULATED BY
    CySEC CySEC
    FCA FCA
    ASIC ASIC
    FSCA FSCA
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Unionpay
    • Fasapay
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 1.0 pips
    • Currency Pairs : 85
    AccountSpread FromCommissionExecutionMin. Deposit
    Live Fixed Spread2.2 pipsNoneInstantUSD 100 Account Details
    Live Floating Spread1.1 pipsNoneInstantUSD 100 Account Details
    Live Zero Spread0.0 pips$18InstantUSD 500 Account Details
    STP/ECN No Commission1.7 pipsNoneECN/STPUSD 500 Account Details
    STP/ECN Zero Spread0.0 pips$7.50ECN/STPUSD 500 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • Futures
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Unionpay
    • Fasapay
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 1.0 pips
    • Currency Pairs : 85
  • Minimum Deposit
    USD 250
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    FSCA FSCA
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • PayFast
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.7 pips
    • Currency Pairs : 49
    AccountSpread FromCommissionExecutionMin. Deposit
    Gold1.3 pipsNoneInstant Not Disclosed Account Details
    Platinum0.7 pipsNoneInstant Not Disclosed Account Details
    Silver2.2 pipsNoneInstant Not Disclosed Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • PayFast
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.7 pips
    • Currency Pairs : 49
  • Minimum Deposit
    ZAR 2500
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Metals
    • Equities
    • Energies
    • ETFs
    • Bonds
    • Blends
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    CySEC CySEC
    ASIC ASIC
    FSCA FSCA
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Paypal
    Trading Conditions
    • Max. Leverage : 300:1
    • Min. Spread : 0.9 pips
    • Currency Pairs : 50+
    AccountSpread FromCommissionExecutionMin. Deposit
    LIve0.9 pipsNoneMarketZAR 1000 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Metals
    • Equities
    • Energies
    • ETFs
    • Bonds
    • Blends
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Paypal
    Trading Conditions
    • Max. Leverage : 300:1
    • Min. Spread : 0.9 pips
    • Currency Pairs : 50+
  • Minimum Deposit
    USD 10
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    TYPE OF BROKER

    Market Maker/ECN

    REGULATED BY
    CySEC CySEC
    FCA FCA
    FSCA FSCA
    FSC FSC
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Bitcoin
    • Unionpay
    Trading Conditions
    • Max. Leverage : Flexible
    • Min. Spread : 0.1 pips
    • Currency Pairs : 59
    AccountSpread FromCommissionExecutionMin. Deposit
    Cent Account1.5 pipsNoneInstantUSD 10 Account Details
    Standard Account1.3 pipsNoneInstantUSD 100 Account Details
    ECN Zero Account1.5 pipsNoneMarketUSD 200 Account Details
    ECN Account0.1 pips$2.00MarketUSD 500 Account Details
    FXTM Pro Account0.0 pipsNoneMarketUSD 25000 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Bitcoin
    • Unionpay
    Trading Conditions
    • Max. Leverage : Flexible
    • Min. Spread : 0.1 pips
    • Currency Pairs : 59

Forex Trading in Tanzania

Forex trading in Tanzania is increasingly popular, as in many East African nations. Unfortunately, the Bank of Tanzania (BOT) has still not regulated the local industry and the Tanzanian Forex market has more than its fair share of unscrupulous brokers. That said, there are signs that the BOT is considering regulating the Forex market.

While there are some local brokers who treat their clients with respect, until such time as there is adequate regulation in place it is much safer to work with internationally regulated brokers who accept Tanzanian customers.

All brokers in the list above are rated highly and have top-quality regulatory oversight – essential for traders concerned about the security of their funds. In addition, they all have great trading conditions, customer support and comprehensive resources for beginner traders.

Foreign Exchange Controls in Tanzania

Tanzania has a relatively developed financial market, and the Bank of Tanzania applies strict regulatory oversight for most commercial activities in the country. 

Recently the Bank of Tanzania (BOT) and the Tanzania Revenue Authority (TRA) launched a sweeping crackdown on physical foreign exchange bureaus in the country; this was a result of a lengthy investigation which proved that many of the bureaux were covering operations for money laundering and fraud. This crackdown was followed later this year by a tightening of regulations on foreign currency exchange. The new rules make it harder for small exchange bureaus to operate, likely resulting in business moving to the commercial banks.

Apart from raising the minimum capital for Forex bureaus three-fold, the new regulations require all senior management to pass a “fit and proper person test” from the central bank. Bureaus are also required to ensure procedures are in place to identify suspicious transactions, in an effort to prevent money laundering. In addition, all customers are required to provide the source and purpose of the foreign currency to be exchanged.

The Bank of Tanzania and online Forex trading

But what does this have to do with online Forex trading? It does show that the Tanzanian government can move swiftly and decisively once it believes that there is a need. 

While no move as yet has been made to regulate the online Forex CFD market, there are signs that the BOT has started investigations and will be moving forward with some form of regulation shortly.

In August 2019 the Bank of Tanzania issued a circular informing the local CFD industry that they have launched a survey to asses whether the market needs to be regulated (see below). 

As this survey has continued, the BOT recently held a public forum for stakeholders in the local CFD industry (specifically the Forex and Crypto markets) to “gather more information about the business in Tanzania”.

We are confident that once the BOT and the other relevant authorities have completed this assessment phase, we will see a roll-out of regulation and licensing for both local brokers and international brokers who wish to open offices in Tanzania. As we have seen in other countries across the region, local regulation will benefit Tanzania Forex traders by providing security, enforcement of rules and the removal of bad actors from the local market.

But, to reiterate, until the BOT does have a regulatory regime in place you should trade with a reputable international Forex broker, such as those on the list above.

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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