8 Best Forex Brokers with a Minimum 1 USD Deposit in Tanzania
The 8 Best Forex Brokers with a Minimum 1 USD Deposit in Tanzania revealed. We tested and verified the best minimum of 1 Dollar (415 NGN) forex brokers for Tanzanian Traders.
This is a complete list of a minimum of One Dollar deposit forex brokers in Tanzania.
In this in-depth guide you’ll learn:
- What is a minimum $1 deposit broker?
- Who are the best $1 minimum deposit forex brokers for Tanzanians?
- Which NASDAQ Forex brokers offer a low minimum deposit?
- How to choose a forex broker – Compare them side by side by starting capital, best scalping conditions, and best mobile apps.
- Which brokers offer no minimum deposit?
- Which brokers offer a signup bonus on their one-dollar deposit?
And lots more…
So if you’re ready to go “all in” with the best-tested minimum $1 deposit forex brokers for Tanzanians…
Let’s dive right in
10 Best Forex Brokers in Tanzania
Rank
Broker
Review
Regulators
Min Deposit
Official Site
- Lesche Duvenage
Best Tanzanian Forex Brokers with a Minimum 1 USD Deposit – Comparison
| 🏛️ Broker | 💰 Minimum Deposit | 💵 Tanzanian Deposits Allowed? | ✔️ Offers a Tanzanian Account? | 📞 Tanzanian Customer Support? | 👉 Open Account |
| 1. Admirals | $1 (2036.82 TZS) | Yes | No | No | 👉 Open Account |
| 2. InstaForex | $1 (2036.82 TZS) | Yes | No | No | 👉 Open Account |
| 3. FBS | $1 (2036.82 TZS) | Yes | No | No | 👉 Open Account |
| 5. SuperForex | $1 (2036.82 TZS) | Yes | Yes | No | 👉 Open Account |
| 6. Kwakol Marekts | $1 (2036.82 TZS) | No | Yes | Yes | 👉 Open Account |
| 7. TD Ameritrade | $1 (2036.82 TZS) | No | No | No | 👉 Open Account |
| 8. Fidelity Investments | $1 (2036.82 TZS) | No | No | No | 👉 Open Account |
8 Best Tanzanian Forex Brokers with a Minimum 1 USD Deposit (2023)
- Admirals – Overall, the Best Minimum 1 USD Deposit Education for Tanzanians
- InstaForex – Best Micro Trader Account
- SuperForex – Best Islamic Account for Muslim Traders
- Kwakol Markets – Best VIP Account for Professional Tanzanian Traders
- TD Ameritrade – Best Proprietary Mobile Trading App in Tanzania
- JustMarkets – Best MT4 and MT5 Trading Account
- Fidelity Investments – Best Investment Broker for Tanzanian Traders
1. Admirals
Overall Rating
Min Deposit
USD 1 / 2 334 TZS
Regulators
FCA, ASIC, CySEC, EFSA, JSC
Trading Desk
• MetaTrader 4
• MetaTrader 5
• Admirals Mobile App
Crypto
Yes
Total Pairs
35 Forex Currency Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
- 4.1/5
Overview
Admiral Markets stands as an established and esteemed online brokerage firm that presents Tanzanian traders with an extensive trading platform. Renowned worldwide, Admiral Markets furnishes a diverse array of financial instruments, including Forex, commodities, indices, and cryptocurrencies. Such a broad selection empowers traders in Tanzania to diversify their investment portfolios effectively. The company boasts a user-friendly interface and advanced trading tools, ensuring a seamless trading experience for traders of all proficiency levels.
One notable advantage that Admiral Markets brings to Tanzanian traders is its competitive pricing and low transaction costs. The brokerage offers tight spreads and nominal commissions, allowing traders to execute trades at favorable rates and maximize potential profits. Moreover, Admiral Markets provides access to an extensive range of trading accounts, including standard and ECN accounts, tailored to the specific needs and preferences of individual traders.
Admiral Markets places paramount importance on the safety and security of its client’s funds. To ensure this, the brokerage employs robust security measures and adheres to regulatory compliance. It is duly regulated by esteemed financial authorities, such as the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). These stringent regulations provide reassurance to Tanzanian traders, as they can engage in trading activities with confidence, knowing that their funds are safeguarded and that the company adheres to rigorous financial standards.
Overall, Admiral Markets presents Tanzanian traders with a reliable and feature-rich trading platform, competitive pricing, and an unwavering commitment to customer safety. With its global presence and reputable standing in the industry, Admiral Markets emerges as a trustworthy choice for traders in Tanzania seeking to participate in diverse financial markets and elevate their trading experience.
Features
| Feature | Value |
| 💰 Minimum Deposit | 2036.82 Shilling, or an equivalent to $1 |
| 💸 Maximum Deposit | None |
| 📱 Account Base Currencies | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON |
| 📊 Max Leverage Ratio | • Retail up to 1:30 • Professional up to 1:500 |
| 💵 Shilling Deposits Allowed? | Yes |
| ✔️ Offers a Shilling Account? | No |
| 📞 Shilling Customer Support? | No |
| 📲 Account Types | Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5, Trade.MT4, Zero.MT4 |
| 💸 Trading Assets | ESG Trading Instruments, Forex, Cryptocurrency CFDs, Commodities, Indices, Stocks, ETFs, Bonds, Spread Betting |
| 💻 Negative Balance Protection? | Yes, on Retail Accounts |
| 📞 Margin Call | 100% |
| 🛑 Stop-Out | 50% |
| 💰 Minimum Trade Size | 0.01 lots |
Pros and Cons
| ✔️ PROS | ❌ CONS |
| Admirals is an award-winning and well-regulated forex and CFD broker | There are no fixed spreads |
| Shilling deposits are allowed | An inactivity fee is charged on dormant accounts |
| There is negative balance protection on retail accounts | Deposit and withdrawal fees apply to payment methods |
| All types of traders are welcome with Admirals | Admin fees are applied to the Islamic Account |
| There are a plethora of advanced trading tools offered |
2. InstaForex
Overall Rating
- 4.8/5
Min Deposit
USD 1
Regulators
CySEC, FSC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
4
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
InstaForex has been in operation since 2007 and it is one of the most trusted, versatile forex and CFD trading providers in the world. Direct access to the market for traders and investors of all levels is provided by InstaForex’s usage of a system designed by world-renowned developers.
InstaForex offers a plethora of trading solutions and Tanzanian traders can start trading with the broker from as low as 1 USD, or an equivalent in Tanzania Shilling.
Features
| Feature | Value |
| 💰 Minimum Deposit | 2036.82 Shilling or an equivalent to $1 |
| 💸 Maximum Deposit | None |
| 📱 Account Base Currencies | EUR and USD |
| 📊 Max Leverage Ratio | 1:1000 |
| 💵 Shilling Deposits Allowed? | Yes |
| ✔️ Offers a Shilling Account? | No |
| 📞 Tanzanian Customer Support? | No |
| 📲 Account Types | Insta.Standard Trading Account, Insta.Eurica Trading Account, Cent.Standard Trading Account, Cent.Eurica Trading Account |
| 💸 Trading Assets | Forex, Stocks, Indices, Precious Metals, Energies, Commodity Futures, Cryptocurrencies |
| 💻 Negative Balance Protection? | Yes |
| 📞 Margin Call | 25% |
| 🛑 Stop-Out | 10% |
| 💰 Minimum Trade Size | 0.01 lots |
Pros and Cons
| ✔️ PROS | ❌ CONS |
| There is a low minimum deposit requirement on most accounts | There is no Shilling-denominated account |
| Tanzanian can choose between different account types that suit their trading needs and objectives | There is a limited selection of base account currencies |
| There are local deposit and withdrawal methods supported | |
| Traders can choose between powerful trading platforms | |
| InstaForex offers competitive trading conditions |
3. FBS
Overall Rating
- 4.7/5
Min Deposit
USD 1
Regulators
IFSC, FSCA (South africa), ASIC, CySEC
Trading Desk
MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform.
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Welcome Bonus
$140 (326 410 TZS)
Account Activation Time
24 Hours
Overview
FBS was established in 2009 and it has grown to become a large, reputable international forex and CFD broker. FBS offers competitive trading conditions, a range of accounts, advanced trading tools, and several other advantages to Uganda traders, including low minimum deposit requirements.
Features
| Feature | Value |
| 💰 Minimum Deposit | 2036.82 Shilling, or equivalent to 1 USD |
| 💸 Maximum Deposit | None |
| 📱 Account Base Currencies | EUR and USD |
| 📊 Max Leverage Ratio | 1:3000 |
| 💵 Shilling Deposits Allowed? | Yes |
| ✔️ Offers a Shilling Account? | No |
| 📞 Tanzanian Customer Support? | No |
| 📲 Account Types | FBS Cent Account, FBS Micro Account, FBS Standard Account, FBS Zero Account, FBS ECN Account, FBS Crypto Account |
| 💸 Trading Assets | Forex, Precious Metals, Indices, Energies, Stocks, Exotic Forex, Cryptocurrencies |
| 💻 Negative Balance Protection? | Yes |
| 📞 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 💰 Minimum Trade Size | 0.01 lots |
Pros and Cons
| ✔️ PROS | ❌ CONS |
| There is a range of FBS trading accounts to choose from | Inactivity fees apply |
| FBS is well-regulated and offers competitive trading conditions | The demo account is only available for 40 days |
| There is a demo and an Islamic account offered | There are withdrawal and deposit fees applied |
| FBS offers customer support 24/7 | FBS only supports a few methods for deposits and withdrawals |
| FBS offers a range of bonuses and promotions to new and existing clients |
4. SuperForex
Overall Rating
- 4.5/5
Min Deposit
USD 1
Regulators
IFSC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
300
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
SuperForex is a global forex broker that provides online trading services to traders in Tanzania and around the world. The company was founded in 2013 and is known for its commitment to providing a high level of customer service and support.
SuperForex offers traders access to various financial instruments, including currency pairs, commodities, indices, and cryptocurrencies. The broker also offers competitive spreads and low trading fees, making it an attractive option for traders of all levels.
One of the standout features of SuperForex is its dedication to education and training for traders. The broker offers a range of educational resources, including webinars, tutorials, and market analysis, to help traders improve their skills and stay up-to-date with the latest market trends.
SuperForex is also known for its promotions and bonuses, which can provide traders with additional trading capital and other benefits.
SuperForex is fully regulated by the International Financial Services Commission (IFSC) in Belize, ensuring that traders can trade with confidence.
Overall, SuperForex is a reputable and reliable broker that offers a wide range of trading instruments, competitive fees, excellent customer service and educational resources, and attractive promotions and bonuses, making it a great choice for traders in Tanzania.
Features
| Feature | Value |
| 💰 Minimum Deposit | 2036.82 Shilling or an equivalent to $1 |
| 💸 Maximum Deposit | Unlimited |
| 📱 Account Base Currencies | USD, EUR, GBP, RUB, ZAR, NGN, CNY, BDT, INR, THB |
| 📊 Max Leverage Ratio | 1:2000 |
| 💵 Shilling Deposits Allowed? | Yes |
| ✔️ Offers a Shilling Account? | Yes |
| 📞 Tanzanian Customer Support? | No |
| 📲 Account Types | Standard Account, Swap-Free Account, No Spread Account, Micro Cent Account, Profi STP Account, Crypto Account, ECN Standard Account, ECN Standard Mini Account, ECN Swap-Free Account, ECN Swap-Free Mini Account, ECN Crypto Account |
| 💸 Trading Assets | Forex, Precious Metals, Stocks, Indices, Cryptocurrencies, Commodities, Energies, ETFs, Futures, CFDs |
| 💻 Negative Balance Protection? | Yes |
| 📞 Margin Call | 80% |
| 🛑 Stop-Out | 40% |
| 💰 Minimum Trade Size | 0.01 lots |
Pros and Cons
| ✔️ PROS | ❌ CONS |
| SuperForex offers the largest range of trading accounts | MetaTrader 5 is not available |
| There is an ultra-low minimum deposit requirement on trading accounts | There are only a few trading tools offered |
| Tanzanian traders can register a Shilling-denominated account | |
| There are dedicated Islamic accounts for Muslim traders | |
| Managed accounts can be opened through the proprietary SuperForex Bank |
5. Kwakol Markets
Overview
Kwakol Markets is a well-regulated broker with offices around the world, including in Tanzania. While Kwakol offers a choice between retail trading accounts, the broker does not offer a Shilling-denominated account.
However, regardless, Tanzania traders can start trading with the broker with a minimum deposit of 1 USD, or equivalent in UGX.
Features
| Feature | Value |
| 💰 Minimum Deposit | 2036.82 Shilling or an equivalent to $1 |
| 💸 Maximum Deposit | Unlimited |
| 📱 Account Base Currencies | USD |
| 📊 Max Leverage Ratio | 1:1000 |
| 💵 Shilling Deposits Allowed? | No |
| ✔️ Offers a Shilling Account? | No |
| 📞 Tanzanian Customer Support? | Yes |
| 📲 Account Types | Standard Account, ECN Account, Professional Account, Cent Account, No-Swap(Islamic) Account, VIP Account |
| 💸 Trading Assets | Forex, CFDs, Stocks, Commodities, Indices, Cryptocurrencies |
| 💻 Negative Balance Protection? | Yes |
| 📞 Margin Call | 100% |
| 🛑 Stop-Out | Unknown |
| 💰 Minimum Trade Size | 0.01 lots |
Pros and Cons
| ✔️ PROS | ❌ CONS |
| Kwakol Markets is well-regulated by ASIC and FINTRAC | There is only one base account currency |
| There is a dynamic selection of trading accounts | There is a currency conversion fee charged on Shilling deposits |
| Traders have the option to deposit and withdraw in crypto | |
| The broker offers a comprehensive affiliate program | |
| There is a demo account and an Islamic account offered |
6. TD Ameritrade
Overall Rating
- 4.7/5
Min Deposit
$0
Regulators
SEC, FINRA, CFTC, MAS
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
In addition to comprehensive investment options, advanced traders may find everything they need at TD Ameritrade, including third-party research, broker assistance, ETF transactions, and a large selection of financial products and trading tools.
TD Ameritrade offers Tanzania traders the option to start investing from as little as 1 USD, or an equivalent in UGX, opening a world of investment and trading possibilities.
Features
| Feature | Value |
| 💰 Minimum Deposit | 2036.82 Shilling (equivalent to $1) |
| 💸 Maximum Deposit | None |
| 📱 Account Base Currencies | USD |
| 📊 Max Leverage Ratio | 1:2 |
| 💵 Shilling Deposits Allowed? | No |
| ✔️ Offers a Shilling Account? | No |
| 📞 Tanzanian Customer Support? | No |
| 📲 Account Types | Standard Account, Retirement Account, Education Account, Speciality Account, Managed Profiles, Margin Trading Accounts |
| 💸 Trading Assets | Stocks, Options, ETFs, Mutual Funds, Futures, Forex, Bonds, Fixed Income, Annuities, IPOs, CDs, Cryptocurrency Trading |
| 💻 Negative Balance Protection? | No |
| 📞 Margin Call | None |
| 🛑 Stop-Out | None |
| 💰 Minimum Trade Size | 1 lot |
Pros and Cons
| ✔️ PROS | ❌ CONS |
| TD Ameritrade has a high trust score and level of trustworthiness among all its clients | The margin fees are very high |
| There is an impressive selection of investment options | The account fees are much higher than competitors |
| There are several educational guides for beginners | There are no fractional shares offered |
| Tanzanian have access to the proprietary trading app thinkorswim | |
| There is a choice in investor accounts, each with tailor-made trading conditions |
7. JustMarkets
Overall Rating
- 4.4/5
Min Deposit
USD1
Regulators
FSA, CySec
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
JustMarkets has been in operation since 2012 and Tanzanian traders who register an account with the broker are given a choice between several retail trading accounts with low deposit requirements, competitive trading conditions, and several other benefits.
Features
| Feature | Value |
| 💰 Minimum Deposit | 2036.82 Shilling (equivalent to $1) |
| 💸 Maximum Deposit | None |
| 📱 Account Base Currencies | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| 📊 Max Leverage Ratio | 1:3000 |
| 💵 Shilling Deposits Allowed? | Yes |
| ✔️ Offers a Shilling Account? | No |
| 📞 Tanzanian Customer Support? | No |
| 📲 Account Types | Standard Cent Account (MT4), Standard Account (MT4), Pro Account (MT4), Raw Spread Account (MT4), Standard Account (MT5), Pro Account (MT5), Raw Spread Account (MT5) |
| 💸 Trading Assets | Indices, Energies, Forex, Metals, Cryptocurrencies, Shares, Futures |
| 💻 Negative Balance Protection? | Yes |
| 📞 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 💰 Minimum Trade Size | 0.01 lots |
Pros and Cons
| ✔️ PROS | ❌ CONS |
| JustMarkets offers a wide variety of local deposit and withdrawal options for Tanzanian | There is a limited range of markets |
| There is a robust mobile trading platform offered to Tanzanian traders | There are inactivity fees that may apply |
| There is a demo and Islamic account option offered | |
| JustMarkets offers a selection of educational materials and advanced trading tools | |
| There are several account types offered across MT4 and 5 |
8. Fidelity Investments
Overview
Online stock, ETF, and options trading at Fidelity Investments are commission-free for traders throughout the globe, including residents of Tanzania and other African nations. Fidelity Investments is known for its range of investment opportunities, the scope of accounts, and the benefit that Tanzanians can register an account with a low minimum deposit of 1 USD.
Features
| Feature | Value |
| 💰 Minimum Deposit | $1 or an equivalent in 2036.82 Shilling |
| 💸 Maximum Deposit | None |
| 📱 Account Base Currencies | USD |
| 📊 Max Leverage Ratio | 1:1 |
| 💵 Shilling Deposits Allowed? | No |
| ✔️ Offers a Shilling Account? | No |
| 📞 Tanzanian Customer Support? | No |
| 📲 Account Types | Brokerage Account, Cash Management Account, Brokerage and Cash Management, The Fidelity Account for Businesses, Fidelity Go, Fidelity Personalized Planning and Advice, Portfolio Advisory Services Accounts, Fidelity Tax-Managed US Equity Index Strategy, Fidelity Equity-Income Strategy, Fidelity International Equity Strategy, Fidelity Tax-Managed International Equity Index Strategy, Fidelity US Large-Cap Equity Strategy, Fidelity Core Bond Strategy, Fidelity Intermediate Municipal Strategy, Breckinridge Intermediate Municipal Strategy |
| 💸 Trading Assets | Shares, Commodities, Exchange-Traded Funds (ETFs), Mutual Funds, Investment Funds, Options, Futures, Bonds, Annuities, Fractional Shares, CDs, Fixed Income, IRAs and Retirement, Initial Public Offerings (IPOs) |
| 💻 Negative Balance Protection? | No |
| 📞 Margin Call | None |
| 🛑 Stop-Out | None |
| 💰 Minimum Trade Size | 1 lot |
Pros and Cons
| ✔️ PROS | ❌ CONS |
| Fidelity Investments is a large and trusted broker that has been around for a very long time | There are no MetaTrader platforms |
| The broker offers a wide range of investment options | Forex, CFD, and crypto trading are not offered |
| There is powerful trading software offered | There are limited funding options |
| The broker offers competitive trading conditions | Management fees and contract fees are charged |
| There are several investor options, advanced research, and a few educational materials |
An introduction to Margin Trading
Margin trading is a fascinating practice within the realm of financial markets. It empowers investors to trade with borrowed funds, known as margin, in order to maximize their potential returns. This strategy involves buying or selling various financial instruments, such as stocks, bonds, currencies, or commodities, by utilizing money borrowed from a broker. By engaging in margin trading, individuals have the opportunity to leverage their investment capital, thereby potentially amplifying their profits. However, it’s crucial to acknowledge that this approach also heightens the risk of losses.
Let’s delve into some key aspects and terms associated with margin trading:
Margin Account: To partake in margin trading, investors must establish a distinct margin account with a brokerage firm. Unlike a regular cash account, this specialized account allows for the borrowing and lending of funds.
Margin: Margin refers to the funds borrowed from the broker. It constitutes a certain percentage of the total trade value, with investors required to contribute this amount while the remaining sum is provided as a loan by the broker. The margin requirement varies depending on the specific financial instrument and the policies set by the broker.
Leverage: Leverage represents the ratio between the borrowed funds and the investor’s own capital. For instance, if the leverage is 2:1, the investor can trade with double the amount of their capital. Higher leverage intensifies both potential profits and losses.
Initial Margin: The initial margin signifies the minimum capital that an investor must contribute to initiate a margin position. Typically expressed as a percentage of the total trade value, this requirement acts as a safeguard against potential losses.
Maintenance Margin: The maintenance margin denotes the minimum capital that an investor must uphold within their margin account to sustain an open position. If the account value falls below the maintenance margin, a margin call may be triggered.
Margin Call: A margin call arises when the account value dips below the maintenance margin level. In such instances, the broker will request additional funds or securities to restore the margin account to its initial margin requirement. Failure to meet a margin call may result in the forced liquidation of positions.
Margin Interest: Borrowed funds in a margin account typically accrue interest. Traders must consider the cost of borrowing when evaluating potential profits and losses.
Short Selling: Margin trading also facilitates short selling, which involves investors selling borrowed assets with the expectation of repurchasing them at a lower price in the future. Short selling enables traders to profit from a declining market.
Margin trading presents the potential for greater returns through increased buying power, but it’s crucial to recognize the significant risks involved. Market volatility can lead to substantial losses, necessitating close monitoring of positions, effective risk management, and a comprehensive understanding of the terms and conditions outlined by the brokerage firm.
Individuals contemplating margin trading must diligently educate themselves about the associated risks, comprehend the specific rules and regulations of their jurisdiction, and, if necessary, seek guidance from a financial advisor. By equipping themselves with the necessary knowledge, investors can make informed decisions in this dynamic landscape.
How to Choose a Forex Broker
Selecting a forex broker is a crucial decision that significantly influences a trader’s experience and profitability. To make an informed choice, it is important to consider several factors. Here are key aspects to contemplate when choosing a forex broker:
Regulation:
Opt for a broker regulated by a reputable financial authority in their home country or operating jurisdiction. Regulation ensures that brokers adhere to specific standards and rules, providing traders with a certain level of protection.
Trading Platforms:
Evaluate the broker’s trading platform for user-friendliness, reliability, and the availability of tools and features that align with your trading requirements. Consider whether the platform is accessible on both desktop and mobile devices and offers a diverse range of financial instruments.
Spreads and Fees:
Compare spreads and trading fees among different brokers to identify the most competitive pricing. While low spreads are advantageous, also take into account other fees such as commissions and swap rates.
Customer Support:
Prioritize brokers that offer responsive and helpful customer support accessible through various channels, including phone, email, and live chat. Efficient customer support can be crucial when encountering issues or seeking assistance.
Educational Resources:
Look for brokers that provide educational resources such as webinars, tutorials, and market analysis. These resources can aid in improving trading skills and knowledge, enhancing your overall trading performance.
Deposit and Withdrawal Options:
Consider the broker’s deposit and withdrawal options, ensuring they support your preferred payment methods. Smooth and convenient transactions are vital for efficient account funding and withdrawals.
Reputation:
Conduct online research to assess the broker’s reputation and seek reviews from other traders. Real-life experiences and feedback from fellow traders can offer valuable insights into the broker’s reliability and quality of service.
By carefully considering these factors, traders can select a forex broker that aligns with their needs, supports their trading goals, and provides a satisfactory trading experience.
Best Investment Broker for Tanzanian Stock Traders
Overall Rating
- 4.7/5
Min Deposit
$0
Regulators
SEC, FINRA
Trading Desk
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Fidelity Investments is a large, trusted investment broker and provider that caters to traders from around the world. Fidelity Investment is our choice as the best investment broker for Tanzanian stock traders based on its range of tradable products, account types, and unique solutions.
Best VIP Account for Professional Tanzanian traders
Kwakol Markets is a well-known broker that offers a choice between account types, each catering to different types of traders. Kwakol Markets is our choice for the best VIP Account for professional traders because of its plethora of benefits and features.
Best Crypto Trading App
Overall Rating
- 4.7/5
Min Deposit
USD 1
Regulators
IFSC, FSCA (South africa), ASIC, CySEC
Trading Desk
MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform.
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Welcome Bonus
$140 (326 410 TZS)
Account Activation Time
24 Hours
FBS is a trusted broker and our choice for offering a comprehensive crypto trading app to Tanzanian traders who rely on their mobile devices to gain access to financial markets.
Best Beginner Trader Education for Tanzanian Traders
Overall Rating
Min Deposit
USD 1 / 2 334 TZS
Regulators
FCA, ASIC, CySEC, EFSA, JSC
Trading Desk
• MetaTrader 4
• MetaTrader 5
• Admirals Mobile App
Crypto
Yes
Total Pairs
35 Forex Currency Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
- 4.1/5
We chose Admirals because of the range of educational materials and resources that are offered to beginner Tanzanian traders. Admirals offer webinars, a comprehensive glossary and FAQ, risk management guides, articles, tutorials, eBooks, videos, and more.
Best Proprietary Mobile Trading Platform
Overall Rating
- 4.7/5
Min Deposit
$0
Regulators
SEC, FINRA, CFTC, MAS
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
TD Ameritrade is our choice as the broker with the best proprietary mobile trading platform, thinkorswim. Tanzanian traders will find competitive trading conditions and a range of investment and trading options with TD Ameritrade.
Best Micro Cent Account for Tanzanian Beginner Traders
Overall Rating
- 4.8/5
Min Deposit
USD 1
Regulators
CySEC, FSC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
4
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
InstaForex is one of the best brokers that offer Tanzanian traders a comprehensive Micro Cent Account with competitive trading conditions. Traders also have access to a range of other benefits such as decent leverage up to 1:1000, a low minimum deposit, and more.
Best MetaTrader 4 and MetaTrader 5 Accounts for Tanzanian
Overall Rating
- 4.4/5
Min Deposit
USD1
Regulators
FSA, CySec
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
JustMarkets is the best MT4 and MT5 broker on this list because the trading accounts offered are linked directly to either one of these platforms. With this solution, Tanzanian traders are given access to different markets, allowing them to trade several financial instruments with the best trading conditions available.
Best Islamic Account for Muslim Tanzanian traders
Overall Rating
- 4.5/5
Min Deposit
USD 1
Regulators
IFSC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
300
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
We chose SuperForex based on the sheer range of account types that it offers. Included in its impressive suite of retail trading accounts Muslim traders will find a choice between three designated Islamic Accounts.
FAQ
What is the minimum deposit to start trading in Tanzania?
To start trading, you need a minimum deposit of at least 1 USD to register an account. To start trading, you need to meet the margin requirements of your forex broker, which could be more than your minimum deposit.
Which Tanzanian Forex Broker has the lowest deposit requirements?
The Forex Brokers we have indicated on this comprehensive list are the brokers in Tanzania with the lowest minimum deposit requirements.
What is a lot in Forex Trading?
A lot is a unit that measures the transaction amount in forex. When you execute an order through your trading platform, you place orders in sizes that are quoted in lots.
What is the minimum trading size that I can use in Forex Trading?
Most brokers offer position sizes from as little as 0.01 lots.
How can I start Trading with 1 USD?
You can register an account with a broker that accepts this amount as the bare minimum. However, you might not be able to trade with such a small amount, unless your broker offers bonuses that give you the necessary trading credit to cover the margin requirements, allowing you to use leverage to open larger positions.
What is the maximum leverage I can use when trading Forex in Tanzania?
This will depend on the Forex Broker in Tanzania that you use. Some brokers on our comprehensive list offer leverage up to 1:3000, which means that you can open positions 3000x your initial deposit of 1 USD.
Will 1 USD cover the margin requirements for my broker?
No, this is often not enough to cover the margin requirements and you might have to fund your account with more capital to cover the margin requirements unless your broker offers bonuses that give you trading credit that can cover the margin requirement.
