7 Best cTrader Brokers for Retail Traders in Tanzania
The 7 Best cTrader Forex Brokers in Tanzania revealed. We tested and verified the best cTrader forex brokers with fast entry and execution for Tanzanian Traders.
This is a complete list of cTrader forex brokers in Tanzania.
In this in-depth guide you’ll learn:
- What is cTrader?
- Who are the best cTrader brokers in Tanzania?
- How to choose a forex broker – Compare them side by side by fast entry, best scalping conditions, and best for fast execution.
- Which broker is the best for your trading styles?
- Which broker offers a sign-up bonus to first-time traders?
- What is the difference between cTrader and MetaTrader4?
And lots more…
So if you’re ready to go “all in” with the best-tested cTrader forex brokers for Tanzanians…
Let’s dive right in…
- Louis Schoeman
Best cTrader Brokers for Retail Traders in Tanzania – Comparison
| 🏛️ Broker | ✔️ cTrader Broker? | 💵 Minimum Deposit (TZS) | 💵 Tanzania Shilling-based Account? | 💰 TZS Deposits Allowed? | 👉 Open Account |
| 1. Pepperstone | Yes | 309351.48 TZS | Yes | Yes | 👉 Open Account |
| 2. IC Markets | Yes | 423001.20 TZS | No | No | 👉 Open Account |
| 3. RoboForex | Yes | 20895.24 TZS | Yes | No | 👉 Open Account |
| 4. OctaFX | Yes | 211500.60 TZS | No | No | 👉 Open Account |
| 5. FXPro | Yes | 21126106.92 TZS | No | Yes | 👉 Open Account |
| 6. FP Markets | Yes | 156969.12 TZS | Yes | No | 👉 Open Account |
| 7. Axiory | Yes | 21126106.92 TZS | No | Yes | 👉 Open Account |
What is a cTrader Forex Broker?
cTrader is a popular trading platform for Forex and CFDs (contracts for difference) that was developed by Spotware. A cTrader Forex broker is a brokerage firm that offers their clients the cTrader platform for trading in the Forex and CFD markets.
The cTrader platform is known for its advanced charting capabilities, order execution speed, and customizable interface. It also offers a wide range of technical indicators and drawing tools to help traders analyze the markets and make informed trading decisions.
Many traders prefer using cTrader because of its user-friendly interface, low latency, and transparency in pricing. Some of the key features of cTrader include one-click trading, market depth, and support for algorithmic trading strategies.
If you are considering using a cTrader Forex broker, it’s important to research and compare different brokers to find one that meets your specific trading needs and offers the best trading conditions.
10 Best Forex Brokers in Tanzania
Rank
Broker
Review
Regulators
Min Deposit
Official Site
7 Best cTrader Brokers for Retail Traders in Tanzania (2023)
- Pepperstone – Overall, Best cTrader Broker
- IC Markets – #1 Scalping Broker for Tanzania
- RoboForex – Top cTrader Copy Trading Broker
- OctaFX – Low Commission-Free Forex Broker in Tanzania
- FxPro – Fastest Execution Broker
- FP Markets – True ECN Forex Broker
- Axiory – Super Tight Spread Forex Broker for Tanzania
1. Pepperstone
Overall Rating
- 4.1/5
Min Deposit
USD 10 / 320,000 TZS or an equivalent to AU$200
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader and TradingView
Crypto
No
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128
Overview
Pepperstone is an online Forex and CFD broker that provides trading services to clients from around the world, including Tanzania. The company was founded in 2010 and is regulated by several financial authorities, including the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK.
Pepperstone offers its clients access to a range of financial markets, including Forex, cryptocurrencies, indices, commodities, and shares. The broker provides traders with two trading platforms: MetaTrader 4 (MT4) and cTrader. Both platforms are available on desktop, mobile, and web versions.
Pepperstone provides its clients with competitive pricing, fast execution speeds, and a range of trading tools and educational resources to help traders improve their trading skills. The broker also offers a range of account types to suit different trading styles and preferences, including a Standard account with no commissions, a Razor account with low spreads and commissions, and a Swap-free Islamic account for traders who follow Shariah law.
Tanzanian traders can fund their Pepperstone accounts using a variety of payment methods, including bank transfer, credit/debit card, and online payment systems. Pepperstone also provides customer support 24/5 in multiple languages, including English and Swahili, to assist Tanzanian traders with any questions or issues they may encounter.
Overall, Pepperstone is a well-regarded Forex and CFD broker with a strong reputation for providing reliable trading services and a range of trading tools to help traders succeed in the financial markets.
Unique Features
| Feature | Information |
| ⚖️ Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
| 📲 Social Media Platforms | • Facebook • YouTube |
| 🏛 CBN Regulation? | No |
| 💻 Trading Accounts | Standard account, Razor Account, Professional Account, |
| 📱 Trading Platform | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade |
| 💵 Minimum Deposit (TZS) | 309351.48 TZS |
| 💰 Trading Assets | • Forex • Cryptocurrencies • Shares • ETFs • Indices • Commodities • Currency Indices |
| 💸 Tanzania Shilling-based Account? | No |
| ✔️ TZS Deposits Allowed? | Yes |
| 💰 Bonuses for Tanzanian traders? | No |
| 📊 Minimum spread | from 0.0 pips |
| 💻 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Pepperstone ensures client fund security by keeping it in segregated accounts | Tanzania traders do not have a Shilling-denominated trading account |
| Pepperstone is both a multi-regulated and multi-award-winning broker | There are additional fees applied to the Islamic account |
| Pepperstone caters for all types of traders despite their trading experience or style | There are some leverage restrictions |
| Well-regulated by some of the top market regulatory entities | |
| Pepperstone accepts Tanzania traders and provides a plethora of educational material for beginners | |
| There is a demo account and Islamic account offered | |
| There are several funding options offered to traders | |
| Deposit fees and withdrawal fees are not charged |
2. IC Markets
Overall Rating
- 4.7/5
Min Deposit
USD 200
Regulators
ASIC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
IC Markets is an online Forex and CFD broker that provides trading services to clients worldwide, including Tanzania. The company was founded in 2007 and is regulated by the Australian Securities and Investments Commission (ASIC).
IC Markets offers its clients access to a range of financial markets, including Forex, cryptocurrencies, indices, commodities, and shares. The broker provides traders with two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both available on desktop, mobile, and web versions.
IC Markets provides its clients with competitive pricing, fast execution speeds, and a range of trading tools and educational resources to help traders improve their trading skills. The broker also offers a range of account types to suit different trading styles and preferences, including a Standard account with no commissions, a True ECN account with low spreads and commissions, and a Swap-free Islamic account for traders who follow Shariah law.
Tanzanian traders can fund their IC Markets accounts using a variety of payment methods, including bank transfer, credit/debit card, and online payment systems. IC Markets also provides customer support 24/7 in multiple languages, including English and Swahili, to assist Tanzanian traders with any questions or issues they may encounter.
Overall, IC Markets is a well-regarded Forex and CFD broker with a strong reputation for providing reliable trading services and a range of trading tools to help traders succeed in the financial markets.
Unique Features
| Feature | Information |
| ⚖️ Regulation | ASIC, CySEC, FSA in Seychelles, and SCB |
| 📲 Social Media Platforms | • Facebook • YouTube |
| 🏛 CBN Regulation? | No |
| 💻 Trading Accounts | Standard account, Razor Account, Professional Account, |
| 📱 Trading Platform | cTrader, MT4 and MT5 |
| 💵 Minimum Deposit (TZS) | 423001.20 TZS |
| 💰 Trading Assets | • Forex • Commodities • Indices • Bonds • Cryptocurrencies • Stocks • Futures |
| 💸 Tanzanian Shilling-based Account? | No |
| ✔️ TZS Deposits Allowed? | No |
| 💰 Bonuses for Tanzaniantraders? | No |
| 📊 Minimum spread | from 0.0 pips |
| 💻 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| IC Markets is reputable and well-regulated, offering a safe environment and investor protection | The initial deposit is higher than other brokers |
| The broker is compliant with regulatory requirements | There may be a conversion fee charged |
| IC Markets offers a wide range of tools, technical indicators, trading ideas, and comprehensive trading services. | United States traders, amongst some other regions, are not accepted |
| The broker accepts all trading strategies including automated trading strategies, scalping, hedging, and so on. | Fixed spread accounts are not provided |
| IC Markets is known for providing a safe, transparent trading experience through powerful desktop platforms, web terminals, and mobile trading platforms | IC Markets does not have any proprietary trading platforms |
| There are several educational articles offered to beginner traders | |
| Traders can expect deep liquidity and reliable trade execution | |
| There is a transparent fee structure with low trading costs and competitive spreads | |
| There is a wide range of tradable instruments offered |
3. RoboForex
Overall Rating
- 4.7/5
Min Deposit
USD 10
Regulators
IFSC
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
32
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
RoboForex is an online Forex and CFD broker that provides trading services to clients worldwide, including Tanzania. The company was founded in 2009 and is regulated by the International Financial Services Commission (IFSC) of Belize.
RoboForex offers its clients access to a range of financial markets, including Forex, cryptocurrencies, indices, commodities, and shares. The broker provides traders with two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both available on desktop, mobile, and web versions.
RoboForex provides its clients with competitive pricing, fast execution speeds, and a range of trading tools and educational resources to help traders improve their trading skills. The broker also offers a range of account types to suit different trading styles and preferences, including a Standard account with no commissions, a Pro account with low spreads and commissions, and an ECN account for traders who want direct market access.
Tanzanian traders can fund their RoboForex accounts using a variety of payment methods, including bank transfer, credit/debit card, and online payment systems. RoboForex also provides customer support 24/7 in multiple languages, including English and Swahili, to assist Tanzanian traders with any questions or issues they may encounter.
Overall, RoboForex is a reputable Forex and CFD broker with a strong reputation for providing reliable trading services and a range of trading tools to help traders succeed in the financial markets.
Unique Features
| Feature | Information |
| ⚖️ Regulation | International Financial Services Commission (IFSC) |
| 📲 Social Media Platforms | • Facebook • YouTube • Telegram |
| 🏛 CBN Regulation? | No |
| 💻 Trading Accounts | Prime Account, ECN Account, R Stockstrader Account, ProCent Account, Pro Account |
| 📱 Trading Platform | MetaTrader 4, MetaTrader 5, cTrader, R StocksTrader, RoboForex Terminals, CopyFX app |
| 💵 Minimum Deposit (TZS) | 20895.24 TZS |
| 💰 Trading Assets | Forex, Stocks, Indices, Cryptocurrencies |
| 💸 Tanzanian Shilling-based Account? | No |
| ✔️ TZS Deposits Allowed? | Yes |
| 💰 Bonuses for Tanzanian traders? | Yes |
| 📊 Minimum spread | from 0.0 pips |
| 💻 Demo Account | Yes |
| ☪️ Islamic Account | No |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Offers a massive range of tradable instruments across financial markets | United States clients, and some other regions, cannot register with RoboForex |
| Provides professional yet user-friendly trading platforms | There are no fixed spread accounts offered |
| Low initial deposit requirement on all account types | There is no FCA, CySEC, FSCA, or other regulation with popular market regulators |
| There are several flexible account types with competitive trading conditions and transparent trading costs | Offshore broker with offshore regulation |
| Offers a vast range of research tools to experienced traders | Market Maker forex broker that can benefit from the losses of clients |
| Award-winning broker that ensures client fund protection | Inactivity fee may apply to dormant accounts |
| Negative balance protection applied to all account types | Withdrawal fee charged on several payment options |
| RoboForex has obtained Verify My Trade, proving trade execution speeds | |
| Comprehensive social trading platforms offered |
4. OctaFX
Overall Rating
- 4.6/5
Min Deposit
USD 5 / 230,000 Tanzanian Shilling
Regulators
FCA UK
Trading Platform
MT5, MT4, OctaTrader
Crypto
Yes
Total Pairs
28
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
OctaFX is an online Forex and CFD broker that offers trading services to clients in Tanzania and worldwide. The company was established in 2011 and is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK.
OctaFX offers a variety of financial instruments, including Forex, cryptocurrencies, indices, commodities, and shares. The broker provides traders with two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both available on desktop, mobile, and web versions.
OctaFX provides its clients with competitive pricing, fast execution speeds, and a range of trading tools and educational resources to help traders improve their trading skills. The broker offers a range of account types to suit different trading styles and preferences, including a Micro account with low minimum deposits, a Pro account with tight spreads and commissions, and a Swap-free Islamic account.
Tanzanian traders can fund their OctaFX accounts using a variety of payment methods, including bank transfer, credit/debit card, and online payment systems. OctaFX also provides customer support 24/7 in multiple languages, including English and Swahili, to assist Tanzanian traders with any questions or issues they may encounter.
Overall, OctaFX is a well-regarded Forex and CFD broker with a strong reputation for providing reliable trading services and a range of trading tools to help traders succeed in the financial markets.
Unique Features
| Feature | Information |
| ⚖️ Regulation | Financial Services Authority in Saint Vincent and the Grenadines (SVG FSA), and Cyprus Securities and Exchange Commission (CySEC) |
| 📲 Social Media Platforms | • Facebook • YouTube • Telegram |
| 🏛 CBN Regulation? | No |
| 💻 Trading Accounts | MetaTrader 4 Habitual Trader Account, MetaTrader 5 Smart Trader Account |
| 📱 Trading Platform | MetaTrader 4, MetaTrader 5, cTrader |
| 💵 Minimum Deposit (TZS) | 211500.60 TZS |
| 💰 Trading Assets | Forex Currency Pairs, Index CFDs, Commodities, Cryptocurrencies |
| 💸 Tanzanian Shilling-based Account? | No |
| ✔️ TZS Deposits Allowed? | No |
| 💰 Bonuses for Tanzanian traders? | Yes |
| 📊 Minimum spread | from 0.6 pips |
| 💻 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| OctaFX offers reliable, instant deposits and withdrawals | Offshore broker with tier-2 regulation, which is not ideal |
| The broker offers copy trading accounts through its proprietary trading app | There is a limited selection of trading instruments offered |
| Offers social trading opportunities | There is a limited selection between retail accounts |
| OctaFX is a broker that accommodates all types of traders in a transparent and safe trading environment from beginner traders, active traders and professionals | Limited options for base currencies on accounts |
| The trading conditions that OctaFX offers Tanzanian traders are transparent and reasonable | |
| Commission-free trading is offered on all retail investor accounts along with tight spreads | |
| Offers an unlimited virtual trading account and an Islamic Account for Muslim traders | |
| There is a range of advanced trading tools offered | |
| OctaFX offers versatile and reliable payment methods for deposits and withdrawals |
5. FxPro
Overall Rating
- 4.6/5
Min Deposit
USD 100 / 233 400 TZS
Regulators
FCA, CySEC, FSCA, SCB
Trading Desk
MT4
Crypto
Yes
Total Pairs
70
Islamic Account
No
Trading Fees
High
Account Activation Time
24 Hours
Overview
FxPro is an online Forex and CFD broker that provides trading services to clients from around the world, including Tanzania. The company was established in 2006 and is regulated by the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC).
FxPro offers a range of financial instruments, including Forex, cryptocurrencies, indices, commodities, and shares. The broker provides traders with three trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, all available on desktop, mobile, and web versions.
FxPro provides its clients with competitive pricing, fast execution speeds, and a range of trading tools and educational resources to help traders improve their trading skills. The broker offers a range of account types to suit different trading styles and preferences, including a Standard account with no commissions, a Commission account with tight spreads and commissions, and an ECN account for traders who want direct market access.
Tanzanian traders can fund their FxPro accounts using a variety of payment methods, including bank transfer, credit/debit card, and online payment systems. FxPro also provides customer support 24/5 in multiple languages, including English and Swahili, to assist Tanzanian traders with any questions or issues they may encounter.
Overall, FxPro is a reputable Forex and CFD broker with a strong reputation for providing reliable trading services and a range of trading tools to help traders succeed in the financial markets.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FCA, CySEC, FSCA, DFSA, SCB |
| 📲 Social Media Platforms | • Facebook • YouTube • Telegram |
| 🏛 CBN Regulation? | No |
| 💻 Trading Accounts | MT4 Instant Account, MT4 Account (Market Execution), MT5 Account, cTrader Account, FxPro Edge Account |
| 📱 Trading Platform | MetaTrader 4, MetaTrader 5 and cTrader |
| 💵 Minimum Deposit (TZS) | 21126106.92 TZS |
| 💰 Trading Assets | Forex, cryptocurrencies, energies, stock CFDs, futures, indices, metals |
| 💸 Tanzanian Shilling-based Account? | No |
| ✔️ TZS Deposits Allowed? | Yes |
| 💰 Bonuses for Tanzanian traders? | No |
| 📊 Minimum spread | from 0.3 pips |
| 💻 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FxPro offers a broad range of tradable instruments. | Limited protection at offshore entity. |
| FxPro offers competitive spreads. | High recommended minimum deposit for Tanzanian traders |
| FxPro provides fast order execution. | FxPro Edge Platform is only available in the English language |
| With FxPro, Tanzanian traders have multiple platforms available. | Inactivity fee charged to Tanzanian traders whose accounts go dormant |
| Tanzanian traders have multiple account types available with FxPro | |
| Third party tools available to Tanzanian traders for more comprehensive analysis | |
| Fast deposits and withdrawals available to Tanzanian traders | |
| Fixed and variable spread accounts which allow for more flexibility in pricing |
6. FP Markets
Overall Rating
- 4.9/5
Min Deposit
USD 100 / 233 174 TZS
Regulators
ASIC, CySEC, FSCA, CMA
Trading Desk
MetaTrader 4, MetaTrader 5
Crypto
Yes
Total Pairs
63
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
FP Markets is an online Forex and CFD broker that provides trading services to clients from around the world, including Tanzania. The company was established in 2005 and is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).
FP Markets offers a range of financial instruments, including Forex, cryptocurrencies, indices, commodities, and shares. The broker provides traders with two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both available on desktop, mobile, and web versions.
FP Markets provides its clients with competitive pricing, fast execution speeds, and a range of trading tools and educational resources to help traders improve their trading skills. The broker offers a range of account types to suit different trading styles and preferences, including a Standard account with no commissions, a Raw account with low spreads and commissions, and an Islamic account.
Tanzanian traders can fund their FP Markets accounts using a variety of payment methods, including bank transfer, credit/debit card, and online payment systems. FP Markets also provides customer support 24/5 in multiple languages, including English and Swahili, to assist Tanzanian traders with any questions or issues they may encounter.
Overall, FP Markets is a reputable Forex and CFD broker with a strong reputation for providing reliable trading services and a range of trading tools to help traders succeed in the financial markets.
Unique Features
| Feature | Information |
| ⚖️ Regulation | ASIC, CySEC |
| 📲 Social Media Platforms | • Instagram • YouTube |
| 🏛 CBN Regulation? | No |
| 💻 Trading Accounts | MT4/5 Standard Account, MT4/5 Raw Account, MT4/5 Islamic Standard Account, MT4/5 Islamic Raw Account |
| 📱 Trading Platform | cTrader, MT4 and MT5 |
| 💵 Minimum Deposit (TZS) | 156969.12 TZS |
| 💰 Trading Assets | • Forex • Shares • Metals • Commodities • Indices • Cryptocurrencies • Bonds |
| 💸 Tanzanian Shilling-based Account? | No |
| ✔️ TZS Deposits Allowed? | Yes |
| 💰 Bonuses for Tanzanian traders? | No |
| 📊 Minimum spread | from 0.0 pips |
| 💻 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FP Markets is a well-regulated broker that has a high level of trustworthiness | There are no fixed spread accounts offered |
| There is a wide range of markets that can be traded across asset classes | There is no dedicated Shilling account offered to Tanzanian traders |
| There are powerful trading platforms supported across devices | There are withdrawal fees charged |
| Tanzanian traders receive an ECN pricing model with raw and tight spreads | There are administration fees charged on the Islamic Account |
| There is guaranteed fast trade execution through the Equinix servers | |
| Commission-free trading is provided | |
| There is a dedicated Islamic account option for Muslim traders | |
| There are no inactivity fees charged on dormant accounts | |
| Copy-trading and automatic trading is offered |
7. Axiory
Overall Rating
- 4.8/5
Min Deposit
23310 TZS / $10
Regulators
IFSC, MFSC and FSC
Trading Desk
MetaTrader4, MetaTrader5, CopyTrade and cTrader
Crypto
No
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
Axiory is an online Forex and CFD broker that provides trading services to clients from around the world, including Tanzania. The company was established in 2011 and is regulated by the International Financial Services Commission (IFSC) in Belize.
Axiory offers a range of financial instruments, including Forex, cryptocurrencies, indices, commodities, and shares. The broker provides traders with two trading platforms: MetaTrader 4 (MT4) and cTrader, both available on desktop, mobile, and web versions.
Axiory provides its clients with competitive pricing, fast execution speeds, and a range of trading tools and educational resources to help traders improve their trading skills. The broker offers a range of account types to suit different trading styles and preferences, including a Nano account with low minimum deposits, a Standard account with no commissions, and a Max account with low spreads and commissions.
Tanzanian traders can fund their Axiory accounts using a variety of payment methods, including bank transfer, credit/debit card, and online payment systems. Axiory also provides customer support 24/5 in multiple languages, including English and Swahili, to assist Tanzanian traders with any questions or issues they may encounter.
Overall, Axiory is a reputable Forex and CFD broker with a strong reputation for providing reliable trading services and a range of trading tools to help traders succeed in the financial markets.
Unique Features
| Feature | Information |
| ⚖️ Regulation | IFSC, FSC |
| 📲 Social Media Platforms | • Instagram • YouTube |
| 🏛 CBN Regulation? | No |
| 💻 Trading Accounts | NANO, Standard, MAX, Terra and Alpha |
| 📱 Trading Platform | MT4, MT5, cTrader, CopyTrade |
| 💵 Minimum Deposit (TZS) | 2112610.69 TZS |
| 💰 Trading Assets | Forex pairs, Stocks, ETFs, Metals, Energies, CFD indices and Stock CFDs |
| 💸 Tanzanian Shilling-based Account? | No |
| ✔️ TZS Deposits Allowed? | No |
| 💰 Bonuses for Tanzanian traders? | No |
| 📊 Minimum spread | from 0.0 pips |
| 💻 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Wide variety of trading platforms from which Tanzanian traders can choose | Demo account has limited functionality |
| Very tight spreads available | High commission is charged on certain instruments |
| Fast withdrawals with no additional charges |
Understanding cTrader
cTrader is a popular electronic trading platform used for trading Forex and CFDs (contracts for difference). It was developed by Spotware Systems Ltd and is known for its advanced charting capabilities, fast execution speeds, and user-friendly interface.
cTrader offers a wide range of features and tools that can help traders analyze the markets and execute trades with precision. Some of the platform’s notable features include:
Advanced charting: cTrader provides traders with a wide range of charting tools and indicators that can be customized to suit their trading strategies.
Level II pricing: cTrader offers Level II pricing, which allows traders to see the depth of the market and the available liquidity at different price levels.
Algorithmic trading: cTrader supports algorithmic trading through its cAlgo platform, which allows traders to create and backtest their own trading algorithms.
One-click trading: cTrader allows traders to execute trades quickly and easily with just one click.
Multiple asset classes: cTrader supports trading in a wide range of asset classes, including Forex, cryptocurrencies, indices, commodities, and shares.
Mobile and web trading: cTrader is available on desktop, web, and mobile versions, allowing traders to access their trading accounts from anywhere with an internet connection.
Overall, cTrader is a robust trading platform that can provide traders with the tools and features they need to make informed trading decisions and execute trades with precision.
How to Choose a Forex Broker
Choosing a forex broker is an important decision for any trader, as it can significantly impact their trading experience and profitability. Here are some factors to consider when choosing a forex broker:
Regulation
It’s important to choose a broker that is regulated by a reputable financial authority in their home country or the country where they operate. This provides a level of protection for traders, as regulated brokers must adhere to certain standards and rules.
Trading platforms
The broker’s trading platform should be user-friendly, and reliable, and offer a range of tools and features that suit the trader’s needs. Traders should consider whether the platform is available on desktop and mobile devices and whether it offers access to a range of financial instruments.
Spreads and fees
Traders should compare spreads and trading fees across different brokers to find the most competitive pricing. While low spreads can be beneficial, traders should also consider other fees such as commissions and swap rates.
Customer support
The broker should offer responsive and helpful customer support that is available through multiple channels, such as phone, email, and live chat.
Educational resources
The broker should provide educational resources such as webinars, tutorials, and market analysis to help traders improve their skills and knowledge.
Deposit and withdrawal options
Traders should consider the broker’s deposit and withdrawal options and ensure that they support their preferred payment methods.
Reputation
Traders should research the broker’s reputation online and look for reviews from other traders to get an idea of their experience with the broker.
By considering these factors, traders can choose a forex broker that meets their needs and helps them achieve their trading goals.
The Best Forex Brokers in Tanzania
The brokers featured on this list provide offer the cTrader platform to Tanzanian traders alongside some of the best trading conditions in the market. Of these brokers, we have further identified the forex brokers that offer additional services and solutions to Tanzanian traders.
Best TradingView Forex broker for Nigerian traders
Overall Rating
- 4.1/5
Min Deposit
USD 10 / 320,000 TZS or an equivalent to AU$200
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader and TradingView
Crypto
No
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128
Pepperstone offers TradingView as well as cTrader to Tanzanian traders, providing a comprehensive set of trading and analytical tools.
Best scalping Forex broker for Tanzanian traders
Overall Rating
- 4.7/5
Min Deposit
USD 200
Regulators
ASIC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
IC Markets is the best Forex broker that will support scalping traders from Tanzania alongside excellent and competitive pricing and conditions.
Best copy trading Forex broker for Tanzanian traders
Overall Rating
- 4.7/5
Min Deposit
USD 10
Regulators
IFSC
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
32
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
RoboForex offers excellent copy trading capabilities for automated Tanzanian traders through its CopyFX app.
Best commission-free Forex broker for Tanzanian traders
Overall Rating
- 4.6/5
Min Deposit
USD 5 / 230,000 Tanzanian Shilling
Regulators
FCA UK
Trading Platform
MT5, MT4, OctaTrader
Crypto
Yes
Total Pairs
28
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
OctaFX offers commission-free trading conditions for Tanzanian traders alongside a transparent trading environment.
Best Forex broker offering fast execution to Tanzanian traders
Overall Rating
- 4.6/5
Min Deposit
USD 100 / 233 400 TZS
Regulators
FCA, CySEC, FSCA, SCB
Trading Desk
MT4
Crypto
Yes
Total Pairs
70
Islamic Account
No
Trading Fees
High
Account Activation Time
24 Hours
FxPro offers ultra-fast order execution of 14 milliseconds to Tanzanian traders, making this list the best Forex broker for rapid order execution and enhanced trading capabilities.
Best ECN Forex broker for Tanzanian traders
Overall Rating
- 4.9/5
Min Deposit
USD 100 / 233 174 TZS
Regulators
ASIC, CySEC, FSCA, CMA
Trading Desk
MetaTrader 4, MetaTrader 5
Crypto
Yes
Total Pairs
63
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
FP Markets offers the best ECN capabilities on this list, allowing Tanzanian traders to benefit from direct market pricing.
Best tight spread Forex broker for Tanzanian traders
Overall Rating
- 4.8/5
Min Deposit
23310 TZS / $10
Regulators
IFSC, MFSC and FSC
Trading Desk
MetaTrader4, MetaTrader5, CopyTrade and cTrader
Crypto
No
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Axiory offers very tight spreads to Tanzanian traders along with no charges on either deposits or withdrawals for truly competitive pricing.
FAQ
Why should I choose a cTrader Forex broker?
There are several benefits to using a cTrader broker. For example, forex brokers who pick the cTrader platform, do so because of the rapid execution of trades and for charting purposes. Another key advantage of picking these brokers is the removal of dealing desk interference.
How to choose a cTrader broker?
cTrader brokers should be assessed from the perspective of their regulation, customer support, pricing structure, available trading features, account variety, and they types of assets which can be traded.
How is cTrader different?
cTrader, in contrast to MetaTrader and the majority of other broker-owned platforms, only serves as an ECN platform. A direct connection between traders and the global Forex market will imply that there will be no dealing desk interference, either automatic or otherwise.
This is due to the fact that Spotware manages all of the cTrader infrastructure and the interface you get from your broker is only an interface. Commissions and spreads can be adjusted by the broker, but not the price feed or market data.
Should I choose cTrader?
This cross-broker trading platform’s reputation for openness, rapidity of product development, and high-speed trade execution make it a welcome choice for traders.
When compared to MetaTrader 4, cTrader’s trading management and visual aesthetics are clearly superior to that of its rival.
Which brokers offer cTrader?
Not all brokers are off cTrader to Tanzanian traders, and we have compiled the list of best cTrader brokers in this comprehensive list.
