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  • Writer's pictureGizbert Ngalema

Meet the best 2022 international online brokers in Tanzania

Updated: Dec 6, 2022

The Broker Chooser firm has announced the best international online brokers in Tanzania for 2022 with a special focus on fees, safety, trading platforms, as well as deposit and withdrawal options. Service providers had proved their excellence in multiple areas to be considered among the best online brokers. Here’s Top 5 picks for best international online brokers in Tanzania Interactive Brokers is the best international online brokers in Tanzania in 2022. Low trading fees. Wide range of products. Many great research tools. XTB takes second place. Low forex CFD fees, commission-free stocks/ETFs for some. Free and fast deposit and withdrawal. Easy and fast account opening. Capital.com rounds out the top three. Low forex CFD fees and commission-free real stocks. Great account opening experience. Excellent email and chat support. Oanda is numero quattro. Great trading platforms. Outstanding research tools. Fast and user-friendly account opening. ActivTrades just made it to the list in fifth place. Low trading fees. Excellent account opening. Free deposit and withdrawal. What makes a good online broker? Surely, they need to provide great services in all areas, especially in terms of fair fees and safety. Depositing and withdrawing money should be either free or cheap and the process user-friendly. Great trading platforms, an easy account opening procedure and a wide range of products also weighed heavily in the scoring. These features are easy to list, but hard to figure out. We are testing brokers based on nearly 500 criteria with real accounts and real money. You can find all the ranking criteria in our methodology. XTB is a global CFD broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority (FCA). In addition, XTB is listed on the Warsaw Stock Exchange, and as such is required to regularly disclose its financials. XTB is considered safe because it has a long track record, is listed on a stock exchange and publishes its financial statements transparently. Capital.com Capital.com is a global CFD broker founded in 2016. It has offices located in the United Kingdom, Cyprus, Australia, Seychelles and Gibraltar, where each is authorized and regulated locally by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Financial Services Authority of Seychelles (FSA), respectively. Oanda Oanda is a US-based forex broker founded in 1996. It is a private company and therefore not listed on any stock exchange. Oanda operates via several entities worldwide and is regulated by top-tier authorities, such as the US Commodity Trading Futures Commission, the National Futures Association (CFTC) and the UK's Financial Conduct Authority (FCA). ActivTrades ActivTrades is a global forex broker founded in 2001. It is regulated by the UK's Financial Conduct Authority (FCA) and the Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg. ActivTrades is considered safe because it has a long track record and it is regulated by the FCA, a toptier financial authority. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The 5 most important criteria for best international online brokers in 2022 1. Fees Trading fees for a given stock trade can be 50 times higher at one online broker compared to another. The brokers listed here all have low fees. 2. Deposit and withdrawal At some online brokers, funding and withdrawing funds can take much longer and be much more expensive than at others. 3. Trading platform A user-friendly and wellequipped trading platform can significantly increase your trading comfort. 4. Account opening Some online brokers require a minimum deposit to start investing while others don't ask for a fix first-time deposit. Check these requirements before opening an account. 5. Markets and products Want to invest in Japanese stocks or trade Bitcoin? They are not be available at each broker. We selected brokers with a wide range of products so you can trade many asset types.

Ends



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