Best forex brokers in Tanzania 2020

Many brokers appear very similar at first, but there are subtle differences, which make each broker uniquely suitable for a different type of trader.

Best forex brokers in Tanzania list is very vital.

All of the following brokers are regulated and all of them offer demo accounts. These are the first prerequisites in narrowing the list down to the broker that is best for you.

Risk Warning: Trading Forex and CFD is Risky; Your Capital is at Risk.

Always remember that Forex trading is a risky business and you might win money or even lose all your money.

Top forex brokers in Tanzania

1. ForexTime (FXTM)

(This is our recommended broker)

ForexTime (FXTM) is a highly popular broker among Tanzanians as they are registered with our local FSCA regulator, so you can rest assured that your money is safe.

ForexTime is one of the best forex brokers in Tanzania.

Also what’s great is that if you don’t have the usual $250 minimum deposit required by most brokers, FXTM has an account known as the cent account with a minimum deposit of only $5.

Cent Account – Minimum Deposit $5 (+/- R80), Spreads from 1.5
Standard Account – Minimum Deposit $100 (+/- R1,400), Spreads from 1.3

To wrap it up they pretty much have all the bells & whistles as any other broker on this list, including Copy Trader a feature that allows traders to automatically copy professional traders.

FXTM can truly be counted among the best forex brokers in Tanzania.

Here are the features of FXTM at a glance:

Deposit Methods by one of the best forex brokers in Tanzania

• Bank Transfer
• Visa
• Mastercard
• Maestro
• Skrill
• Neteller
• Bitcoin
• Unionpay

2. Avatrade 

AvaTrade is well into its second decade of operation, boasting adherence to the regulatory requirements of more than 6 global regions – from North America through Europe and South Africa to Asia, including the hard-to-crack Chinese market.

It is obviously one of the best forex brokers in Tanzania.

Their track record as one of the best forex brokers in Tanzania is one no other online broker can attest to; each AvaTrade review speaks for itself, thanks to a corporate vision that emphasizes client satisfaction and a constant effort to answer each new need as it arises.

Avatrade will always feature among the top forex brokers in Tanzania. They are definitely one of the best forex brokers in Tanzania.

Here are the features of Avatrade at a glance:

Deposit Methods from one of the best forex brokers in Tanzania

• Bank Transfer
• Visa
• Mastercard
• POLI
• Skrill
• Neteller
• Paypal

3.ForexMart

As your trusted Forex trading partner, ForexMart is highly committed to offering high-class trading software, giving exceptional trading experience, protecting your account against any fraudulent activity, and equipping you with comprehensive knowledge needed for successful trading.

Among the best forex trading brokers in Tanzania, meet ForexMart.

They are definitely one of the best forex brokers in Tanzania.

Deposit Methods from one of the best forex brokers in Tanzania

• Bank Transfer
• Visa
• Mastercard
• Skrill
• Neteller
• Sofort

4. IQ Option 

How can we compile a list of the best forex brokers in Tanzania, without IQ Option?

IQ Option is one of the fastest growing online trading brands in the world. Voted the best mobile trading platform, they have now expanded their offerings to include CFDs on stocks and ETFs, Forex trading, and the exclusive IQOption product called Digital Options.

First founded in 2013, IQ Option has grown massively, and now has over 40 million members and counting! The platform itself has also undergone some changes since 2013, and they are constantly working to ensure it is fast, accurate and easy to use.

Although they do not have the Metatrader feature, IQ Options is also one of the best forex brokers in Tanzania.

Deposit Methods from one of the best forex brokers in Tanzania

• Bank Transfer
• Visa
• Mastercard
• Skrill
• Neteller
• WebMoney WMZ
• AstroPay
• Advcash
• Perfect Money

5. FxPro

As a strong proponent of transparency, FxPro establish the highest standards of safety for our clients’ funds. For this reason, client funds are kept in major international banks and are fully segregated from the company’s own funds.

Ever since their establishment, FxPro has successfully expanded to serve retail and institutional clients in more than 170 countries – and are still growing. That is why FxPro is on of the best forex brokers in Tanzania.

Deposit Methods from one of the best forex brokers in Tanzania

• Bank Transfer
• Visa
• Mastercard
• Skrill
• Neteller
• UnionPay

6. FBS

FBS is an international broker with more than 190 countries of presence. 14 000 000 traders and 370 000 partners have already chosen FBS as their preferred Forex company.

To provide the best customer experience FBS organizes seminars and special events, providing its clients with training materials, cutting-edge trading technologies and the latest strategies on the Forex market. Both newbie and professional traders will find these sessions useful.

Without a doubt, FBS is one of the best forex brokers in Tanzania.

Deposit Methods from one of the best forex brokers in Tanzania

• Visa
• Neteller
• Sticpay
• Skrill
• Perfect Money
• Bitwallet
• Local exchangers

7. AxiTrader

AxiTrader was founded in 2007 on a simple idea: be the broker we’d want to trade with. Since then, we’ve grown from a two-person startup into a global business servicing tens of thousands of traders in more than 100 countries.

AxiTrader can be counted among the best forex brokers in Tanzania.

Deposit Methods from one of the best forex brokers in Tanzania

• Visa
• Mastercard
• Neteller
• Skrill
• Bank Transfer
• BPay
• China Union Pay
• WeChat
• Bank Wire
• POLI

8. XM Broker

With over 2,500,000 clients since it was founded in 2009, XM has grown to a large and well established international investment firm and has become a true industry leader.

XM is currently built of more than 450 professionals with long-year experience in the financial industry.

Their extensive experience combined with support for well over 30 languages, makes XM the broker of choice for traders of all levels, anywhere.

XM Broker is among the best forex brokers in Tanzania.

Deposit Methods from one of the best forex brokers in Tanzania

• Bank Transfer
• Sofort Banking
• Visa
• Mastercard
• Maestro
• Skrill
• Neteller
• Bitcoin
• Unionpay

9. FXGiants

FXGiants is an international online trading broker, giving access to retail and institutional investors, to over 200 tradable instruments from 6 asset classes.

The company operates successfully around the globe and places great emphasis on providing professional and reliable services to all our clients.

FXGiants is committed to provide the highest standard of services with full transparency to clients and become a one-stop destination for online trading.

FXGiants are among the best forex brokers in Tanzania.

Deposit Methods from one of the best forex brokers in Tanzania

• Visa
• Mastercard
• Bank Wire
• Skrill
• Neteller
• Dotpay
• Unionpay

Click here to go to FXGiants

Factors In Choosing a Forex Broker – best forex brokers in Tanzania

Why compile a list of the best forex brokers in Tanzania?

To avoid Tanzanians falling for unscrupulous forex brokers that scam people of their hard-earned cash.

Are the above top forex brokers in Tanzania legit?

Most definitely. We only compile a list of regulated forex brokers that have been tried and tested for years.

The best forex brokers in Tanzania are listed above, try them out.