9 Best NASDAQ 100 Brokers in Tanzania
The 9 Best Nasdaq 100 index Forex Brokers in Tanzania revealed. We tested and verified the best Nas100 Brokers for Tanzania Traders.
This is a complete list of Nasdaq 100 forex brokers in Tanzania.
In this in-depth guide you’ll learn:
- What is Nasdaq 100?
- Why you should invest with a broker on the Nasdaq 100?
- Our recommended Nas100 brokers for Tanzania Beginner Traders.
- How to compare INDEXNASDAQ: NDX forex trading brokers against each other.
- How and can I trade on the Nas100?
- Which brokers offer a sign-up bonus on the NDX100 index?
- Which Nas100 brokers offer low minimum deposits?
And lots more…
So if you’re ready to go “all in” with the best-tested Nasdaq 100 forex brokers for Tanzania traders…
Let’s dive right in…
- Louis Schoeman
9 Best NASDAQ 100 Brokers in Tanzania
- ThinkMarkets – Overall, Best NASDAQ 100 Broker in Tanzania
- AvaTrade – Top Sign-Up Bonus Forex Broker
- FP Markets – Best CFD Forex Broker in Tanzania
- IG – Top NDD Forex Broker
- eToro – Best Lowest Spread Forex Broker
- XM – Top Tanzanian Shilling Account on the NASDAQ 100
- Pepperstone – Top Islamic Swap-Free Forex Broker
- FXTM – Best ECN Forex Broker
NASDAQ 100 Overview
👉 The NASDAQ index contains 3,000 of the leading technology and biotech companies. NASDAQ broke away from NASD in 2006 and has operated as a separate national securities exchange since.
👉 NASDAQ and OMX, a Nordic exchange, merged in 2007 to form the NASDAQ OMG Group, currently the largest exchange group and is responsible for ten of the world’s largest securities transactions.
👉 Technology industry heavyweights such as Microsoft, Apple, and Amazon.com are listed and have contributed to the NASDAQ 100 Index’s status as a proxy for the performance of technology companies.
👉 Since NASDAQ trading volumes are higher and more volatile than other major indexes, traders could speculate on daily price fluctuations. However, keep in mind that there is a relationship between volatility and the risk of financial loss.
👉 Investing and trading inherently involves risk, yet NASDAQ 100 traders work in a risk-free environment due to US regulation, surveillance, and federal exchange legislation.
1. ThinkMarkets
Overview
👉 ThinkMarkets was founded in 2010 as a multi-regulated STP online trading broker with offices in Australia, the United Kingdom, and Tanzania, each governed by the relevant regulatory body to offer competitive trading conditions.
👉 ThinkMarkets provides traders and investors with some of the best trading conditions in the industry, including the ability to trade on the stock market and multiple market indices, including the NASDAQ 100.
👉 ThinkMarkets is renowned for its use of novel trading technologies and powerful trading platforms that can be accessed from several devices, giving investors and traders a competitive advantage in trading.
Features
| Features | Information |
| ⚖️ Regulations | ASIC, FCA, FSCA, |
| 💻 Account Types | • Standard Account • ThinkZero Account |
| 📱 Trading Platforms Offered | • MetaTrader 4 • MetaTrader 5 • ThinkTrader |
| ✔️ Demo Account | Yes |
| 📊 Locally regulated in Tanzania? | No |
| 📈 NASDAQ 100 Average Spread | 0.7 pips |
| 💵 Commissions per trade | $3.5 per side on Forex and Metals |
| 💸 Leverage | 1:30 (Retail Traders) 1:500 (Professional Traders) |
| 💰 Minimum Deposit | 0 KES / 0 USD |
| 🥇 Trust Score | 86% |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| ThinkMarkets offers Tanzanians some of the most competitive trading conditions | There are some leverage restrictions |
| Muslim traders can register and use the Swap-Free account offered | ThinkMarkets does not offer a TZS-denominated account |
| Eligible clients receive free VPS | |
| Commission-free options are available |
2. AvaTrade
Overall Rating
- 4.9/5
Min Deposit
USD 100
Regulators
ASIC, FSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 AvaTrade, a multi-asset, multi-regulated, and multi-award-winning broker, is among the best options for NASDAQ 100 trading. AvaTrade was founded in 2006, and in addition to being an STP broker, it is one of the most dependable market makers.
👉 AvaTrade provides Tanzanian traders with innovative and adaptable trading solutions and a vast array of tradable marketplaces, including stock indexes, individual stocks, stock CFDs, currency pairings, cryptocurrencies, and options.
👉 AvaTrade provides various manual and automated financial products and trading platforms. In addition, the AvaTradeGo app automatically synchronizes a complete array of watchlists and features the AvaProtect volatility protection tool.
👉 Tanzanians can easily partially hedge an open trade with a Share CFD option via AvaProtect for an additional fee, minimizing the total transaction risk.
👉 While AvaTrade offers a plethora of materials for beginner traders to learn the ropes, the broker does not focus exclusively on beginners. Due to the platform’s comprehensiveness and unique features, even experienced traders will find something of value in AvaTrade.
Features
| Feature | Information |
| ⚖️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA |
| ✅ CBN Regulation? | No |
| 📊 Trading Accounts | Retail Investor Account, Professional Account Option |
| 💻 Trading Platform | AvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade |
| 💰 Minimum Deposit (TZS) | 233 400 Tanzanian Shilling ($100) |
| 💵 Trading Assets | Foreign currencies, Cryptocurrencies, Commodities, Treasuries, Bonds, Indices, Stocks, ETFs, Options, CFDs, Precious Metals |
| 🔎 Tanzanian Shilling -based Account? | No |
| 💳 TZS Deposits Allowed? | No |
| 💰 Bonuses for Tanzanian traders? | Yes |
| 📈 Minimum spread | 0.9 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✔️ Social Trading Offered | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| AvaTrade is multi-regulated and one of the most trusted online trading brokers in the world | Variable spreads are not offered |
| There is a wide range of financial instruments that can be traded across financial markets | There is a limited choice between account types |
| There are several technical indicators, economic indicators, and other solutions for advanced traders | Inactivity fees are applied |
| There are several trading platforms to choose from | Currency conversion fees may be applied |
| There is a decent selection of educational material that helps beginner traders navigate complex instruments and lower the degree of risk they are often exposed to | There is a limited number of base currency options offered on accounts |
| There is a multitude of social trading opportunities offered | |
| The broker accepts any trading strategy including automated trading, expert advisors, scalping, hedging, and others. |
3. 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, founded in 2005 and headquartered in Australia, is a reputed ECN, STP, and DMA forex trading broker. FP Markets provides over 10,000 tradable financial products across many financial markets, including cryptocurrencies, CFDs, equities, Forex, and more.
👉 FP Markets has an award-winning history as a trustworthy forex broker that caters to its customer requirements and provides them with the resources they need to get more expertise in the complicated, competitive financial markets.
👉 FP Markets provides 10,000 CFDs on shares, a greater selection than most other brokerages. For example, on MT4/MT5, there are over 1,000 share CFDs available. The offered options include some of the most prominent US, UK, and European Exchanges.
👉 Furthermore, the Standard Account is your best bet if you want to avoid paying trading fees. Spreads begin at 1.0 pips, more than those on a Raw Account, but they may go as low as 0 pips with heavy trading activity.
Features
| Account Feature | Value |
| 💰 Minimum Deposit | 160,000 TZS or an equivalent to AU$100 |
| 📈 Average spread | Floating, from 1 pip |
| 🔨 Instruments Available | • 60+ Forex pairs • Precious Metals • Indices • Commodities |
| 📊 Maximum Leverage Ratio | 1:500 |
| 💻 Execution Type | ECN |
| 💰 Commissions | None |
| ✔️ Expert Advisors Offered? | Yes |
| 📱 Mobile App Offered? | Yes |
| ✅ VPS Available? | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FP Markets is an Australian-based broker with Tier-1 regulation through ASIC and Tier-2 regulation through its CySEC | There are no fixed spread accounts available from FP Markets |
| FP Markets offers a massive range of markets that can be traded through powerful trading platforms and mobile apps | Withdrawal fees apply to several payment methods |
| Tanzanian traders can expect ECN trade execution, minimal slippage, and no requotes | There are additional administrative charges applied to the Islamic accounts to offset the absence of overnight fees |
| FP Markets accommodates and welcomes Muslim traders by offering dedicated Islamic accounts with competitive trading conditions | |
| FP Markets provides a range of useful trading tools | |
| There are several educational materials offered to beginner Tanzanian traders | |
| There is a comprehensive and attractive affiliate program offered |
4. IG
Overall Rating
- 4.8/5
Min Deposit
USD0
Regulators
IGRs
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 IG was founded in 1974 and is currently one of the world’s most regulated and reputable brokers. Their low trading fees, wide variety of available instruments, and high client satisfaction rate have made IG well-known in the industry.
👉 Additionally, IG is a real stock brokerage. New traders can use IG’s many trading tools and a trove of educational and market research materials. Trading instruments are plentiful at IG.
👉 IG offers one of the biggest selections of share trading platforms, with three different options. In addition, IG also offers specialized CFDs such as the Crypto Index, Sectors, and more.
👉 Trading on a variety of currency pairings over the weekend is possible with IG, including the British pound, the Japanese yen, and the Euro. Therefore, the EUR/USD spread tends to be 6 pips larger and more consistent on the weekends.
👉 South African 40, NASDAQ 100, FTSE100, DAX30, and Hang Seng are just some of the indexes that can be traded with IG, making it the best broker.
Features
| Features | Information |
| ⚖️ Regulations | FCA, BaFin CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA |
| 💻 Account Types | • CFD/DMA Trading Account • Limited Risk Trading Account • Options Trading Account • Turbo24 Trading Account • Share Dealing Account • Spread Betting Account • Swap-Free Trading Account |
| 📱 Trading Platforms Offered | • MetaTrader 4 • IG Platform • ProRealTime (PRT) • L2 Dealer • FIX API |
| ✔️ Demo Account | Yes |
| 📊 Locally regulated in Tanzania? | No |
| 📈 NASDAQ 100 Average Spread | From 0.0 DMA |
| 💵 Commissions per trade | 0.10% |
| 💸 Leverage | • 1:30 (Retail, EU, UK) • 1:222 (Professional) |
| 💰 Minimum Deposit | 580,000 TZS / 250 USD |
| 🥇 Trust Score | 99% |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| IG offers more than 19,000 tradable instruments and powerful trading software | The minimum deposit is much higher than what other brokers charge |
| Beginners can learn about trading using the IG Academy | Inactivity fees apply to dormant trading accounts |
| Traders can access FIX API DMA trading with IG | |
| Tanzanians can access free trading signals with IG |
5. eToro
Overall Rating
- 4.8/5
Min Deposit
USD 50
Regulators
CySec, FCA
Trading Desk
None
Crypto
Yes
Total Pairs
47
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.
Overview
👉 In addition to being the greatest online social trading platform, eToro is a highly regulated CFD and Forex trading broker.
👉 Moreover, one of the reasons eToro has become so popular in Tanzania is that it provides investors with access to a diverse selection of assets that can be managed from a single interface.
👉 The eToro platform allows Tanzanian traders to purchase CFDs on any US index. However, while CFDs on shares are eligible for eToro’s 0% commission trading policy, most other trading instruments are not.
👉 Using eToro’s CopyPortfolio feature, you can see the trades of successful traders and instantaneously copy their actions.
Features
| Feature | Information |
| ⚖️ Regulation | CySEC, FCA, ASIC, FinCEN, FINRA, SIPC, DNB, FSA |
| ⚖️ CBN Regulation? | No |
| 📊 Trading Accounts | Retail, Professional |
| 📊 Trading Platform | eToro trading app and web-based platform |
| 💰 Minimum Deposit (₦) | 83,000 NGN equivalent to $200 |
| 💰 Trading Assets | Forex pairs, Commodities, Exchange-Traded Funds (ETFs), Indices, Stocks, Crypto trading, Stocks |
| 🔎 Tanzanian Naira-based Account? | No |
| 💳 NGN Deposits Allowed? | No |
| 💰 Bonuses for Tanzanian traders? | Yes |
| 📈 Minimum spread | 1 pip EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| eToro has a strict and solid regulatory framework | There are limitations on leverage for retail traders |
| Client fund safety is guaranteed and there is consumer protection offered | There is a limited selection of retail investor accounts |
| eToro offers commission-free trading | Fixed spreads are not offered |
| There are over 2,000 complex instruments that can be traded | The spreads are not the tightest |
| The broker offers several trading opportunities and a social trading feature | There is a high minimum deposit on the Islamic Account |
| There is an award-winning proprietary platform offered | There is an inactivity fee charged on dormant accounts |
| eToro offers 24/6 dedicated customer services | |
| eToro offers a demo account and an Islamic Account | |
| Algorithmic trading and margin trading supported | |
| Real time quotes are offered alongside a wide range of benefits | |
| The mobile app is secure and features robust security such as two-factor authentication | |
| The app can be used as a wallet app for digital currencies | |
| Offers several resources that help traders make improved financial decisions with confidence | |
| Offers several helpful tools and services as a solid basis for investment decision along with investment advice | |
| Provides access to several popular cryptocurrencies that can be traded and crypto staking services | |
| There is a comprehensive portfolio management service and popular investor program offered |
6. XM
Overall Rating
- 4.5/5
Min Deposit
USD 10
Regulators
IFSC, CySec, ASIC
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
55
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 XM is another well-known trading brand that has been in existence since 2009. XM is also well-known for its promise of no requotes or rejections. As a result, Tanzanian traders have access to various stock trading choices on various stock exchanges.
👉 XM is particularly pleased that 99.9% of transactions are completed in less than one second, despite serving over 5 million consumers in over 25 languages throughout 190 countries.
👉 Margin trading enables traders with higher risk tolerance and more trading abilities to take on bigger positions with a lower starting outlay.
👉 As a result, both profits and losses from a transaction are magnified. However, XM’s negative balance protection and margin calls may help soften the impact. Furthermore, XM’s educational programs are unrivalled.
Features
| Feature | Information |
| ⚖️ Regulation | FSCA, IFSC |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Tanzanian Traders? | Yes |
| 💳 Minimum deposit (NGN) | 2,000 Tanzanian Naira ($5) |
| Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:888 |
| 👥 Customer Support | 24/5 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Negative balance protection is applied to retail investor accounts | US clients are restricted from accessing XM’s trading services |
| There are several secure payment methods to choose from | There are no fixed spread accounts offered |
| The broker is known for low spreads, low commissions, and reliable trade execution speeds | There is an inactivity fee applied to dormant accounts |
| Traders can use hedging, scalping, and expert advisor trading strategies | |
| The broker offers personal customer service to its clients |
7. HFM
Overall Rating
- 4.8/5
Min Deposit
USD 5
Regulators
CySEC, FSC, CFTC
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
No
Total Pairs
47
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 Since its establishment in 2010, HFM has been a well-regulated forex and CFD broker. HFM has received several awards and takes great pride in this accomplishment.
👉 With HFM, Tanzanians will find a wide range of items available for trading, more than enough for each investor. Furthermore, HFM’s trading conditions are both highly reasonable and quite competitive compared to other brokers on the market.
👉 Contracts for difference (CFDs) on currency pairs (including numerous majors, minors, and exotic pairings), precious metals like gold and silver, energy like crude oil and natural gas, commodities, and well-known cryptocurrencies are among the trading instruments offered by HFM.
👉 A range of instruments allows Tanzanians to diversify their trading portfolio and offers several avenues through which they can secure profits.
Features
| Feature | Information |
| ⚖️ Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions |
| 💻 CBN Regulation? | No |
| 📊 Trading Accounts | MT5/MT 4 Micro Account, Premium Account, HFcopy Account, Zero Spread Account, Auto Account |
| 💵 Trading Platform | MetaTrader 4, MetaTrader 5 |
| 💰 Minimum Deposit (TZS) | 11 670 Tanzanian Shillings ($5) |
| 📱 Trading Assets | Forex Currency Pairs, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs |
| 🔎 Tanzanian Naira-based Account? | No |
| 💳 TZS Deposits Allowed? | No |
| 💰 Bonuses for Tanzanian traders? | Yes |
| 📈 Minimum spread | 0.0 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated in several global regions | There are no variable spread accounts |
| Offers some of the lowest spreads in the forex market on major currency pairs | There is a limited selection of funding options and withdrawal methods. |
| There are several account types to choose from | |
| HotForex accommodates all types of traders despite their trading strategies | |
| Low minimum deposit requirement | |
| Beginner traders and professional investors are both welcome | |
| Educational tools, advanced trading tools, and several other comprehensive solutions are offered | |
| There is a comprehensive market analysis offered | |
| Technical analysis and fundamental analysis offered |
8. 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 a worldwide online broker that specializes in foreign currency (Forex), spread betting, and contract for difference (CFDs) (contracts for difference).
👉 Tanzanian traders who choose Pepperstone may trade CFDs on foreign exchange, stocks, indices, cryptocurrencies, commodities, and currency indices.
👉 Low fees and a wide range of copy trading platforms enhance Pepperstone’s great all-around service. Pepperstone is one of the leading online forex brokers, easily handling $12 billion in daily transactions.
👉 Customers get unrestricted access to the most competitive foreign currency rates since Pepperstone is a No Dealing Desk (NDD) broker.
Features
| Account Feature | Value |
| 💰 Minimum Deposit | 320,000 TZS or an equivalent to AU$200 |
| 💸 Minimum Trading Size | 0.01 lots |
| 📉 Maximum Trading Size | 100 lots in a single trade |
| 💰 Base Account Currency | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD |
| 💵 Trading Strategies Supported | All including scalping, hedging, and Expert Advisors (EAs) |
| 🗞 News Trading Offered? | Yes |
| ✔️ Trade Execution | No-Dealing Desk (NDD) |
| 📊 Average EUR/USD Spread | From 0.6 pips |
| 💵 Commissions | None |
| 💰 Rollover Swaps | Yes, according to the market rates |
| 📊 Maximum Leverage per region | • Australia – 1:30 • Bahamas – 1:200 • Cyprus – 1:30 • Dubai – 1:30 • Germany – 1:30 • Kenya – 1:400 • United Kingdom – 1:30 |
| ⚖️ Negative Balance Protection Offered | Yes, only for retail clients |
| 🛑 Margin Close-Out (%) | 50% |
| 🔧 Trading Instruments offered | 1,200+ |
| 💻 Trading Platforms offered | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade, MetaTrader Signals |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Pepperstone is known for offering low spreads on forex trades on both account types | The Islamic account is not available to all Muslim traders, and it attracts an additional admin fee |
| Pepperstone is well-regulated by the likes of FCA, ASIC, DFSA, BaFIN, CMA, SCB, and CySEC | Tanzanian traders face currency conversion fees on TZS deposits |
| Pepperstone offers all UK clients investor protection | Negative balance protection is not offered on all accounts for all regions |
| There are multiple platforms and tools offered to Tanzanian traders | Investor protection is limited to EU clients through the FSCS |
| There are two distinct, dynamic account types offered that cater to most traders | |
| All client funds are held within Tier-1 bank accounts, separate from Pepperstone’s funds | |
| There is a demo account offered to both beginner and expert traders | |
| There are flexible leverage ratios according to region and expertise |
9. FXTM
Overall Rating
- 4.6/5
Min Deposit
USD 10
Regulators
CySec, FSCA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 FXTM is one of Tanzania’s most prominent online trading firms, with many bodies regulating and authorizing it. FXTM has exceptionally low minimum deposits, a variety of retail trading accounts, and competitive trading conditions.
👉 Traders may trade more than 250 financial products in a secure, fair, and transparent environment. FXTM offers robust trading platforms that can be accessed through various devices, including web, desktop, and mobile trading.
👉 Furthermore, novice and experienced traders may choose from various account types, each with its own set of features and functionalities tailored to the individual trading requirements and ambitions of each Tanzanian trader.
Features
| Feature | Information |
| ⚖️ Regulation | CySEC, FSCA, FCA, FSC Mauritius |
| ✅ CBN Regulation? | No |
| 📊 Trading Accounts | Micro Account, Advantage Account, Advantage Plus Account |
| 💻 Trading Platform | MetaTrader 4, MetaTrader 5, FXTM Trader |
| 💰 Minimum Deposit (TZS) | 23 340 Tanzanian Shillings ($10) |
| 💵 Trading Assets | Precious Metals, Stock Trading, Stock CFDs, Indices, Forex Indices, Forex Currency Pairs (including minor, major, and exotic pairs), Commodities, Stock Baskets |
| 🔎 Tanzanian Naira-based Account? | Yes |
| 💳 TZS Deposits Allowed? | Yes |
| 💰 Bonuses for Tanzanian traders? | Yes |
| 📈 Minimum spread | 0.0 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✔️ Social Trading Offered | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FXTM is a multi-regulated and a reputable broker that has gained a high level of trustworthiness | Inactivity fees apply when the retail investor account becomes dormant |
| Dedicated customer support offered for Tanzanian traders Several deposit options and withdrawal methods offered | |
| There is a low minimum deposit requirement | |
| Commission-free trading is offered | |
| Deposit fees are not charged on any payment methods | |
| Withdrawal processing times are quick | |
| There are several educational tools offered | |
| There is an exclusive risk management tool offered |
How to choose the right NASDAQ 100 Broker in Tanzania
👉 Tanzanian traders must evaluate the following components of a forex broker to decide whether the broker is suited to their unique trading objectives and specific needs.
Determine and Evaluate Your Needs
👉 If ever there were a situation where knowledge was power, it would be in the realm of investment. Knowing what to do and when to do it might be the difference between a portfolio that falls short and one that positions you for long-term success.
👉 In this scenario, picking the correct broker is crucial. Despite the proliferation of internet platforms advertising cheap cost and convenience, there are many more considerations when assessing brokers.
👉 If you are starting in the investing world, you could benefit from some guidance and instruction. For example, your broker may provide online courses and video lectures or host in-person seminars at their office.
👉 Choose a broker who provides this service if you need it. For example, those who often trade aggressively should look for a broker who can accommodate their needs and provide them with the resources they need to be successful.
👉 Tools for analysis, risk management, metrics, individualized work environments, and affordable fees and commissions are all part of this.
Evaluate the Depth of Technology that the Broker offers
👉 The technological sophistication of an online broker is a crucial factor for investors. Accessing your account status in real-time on a trading platform gives you the agility to respond to market and economic changes.
👉 In addition to trading stocks, options, futures, bonds, and funds across many global markets from a single integrated account, you should also have unrestricted access to powerful trading tools and insights via a user-configurable investment dashboard.
👉 In addition, you should be able to check your investment portfolio’s status, available money for trading, and account balances from any computer or mobile device using the program.
👉 Real-time notifications based on price, time, or margin must be available so that users may track market movements in real time.
👉 Tanzanians who trade on margin must have access to concise reports of their accounts that highlight any potential problems since this is a powerful tool for preventing unnecessary liquidations.
👉 In addition, a profit and loss screen is helpful since it shows investors an overview of their financial position.
Understand and evaluate the overall Value of Investment Integration
👉 An integrated investing strategy is another option that should be made available to clients by a good broker.
👉 This involves all financial transactions (buying, selling, collecting interest on passive funds, borrowing, and spending) from a single account rather than visiting many financial institutions.
👉 When investing is considered in the context of the Tanzanian trader or investor’s additional financial activities, such as saving, spending, and paying bills, well-informed financial choices can be made.
Make sure that you have access to detailed Market Insights and Information
👉 Investors in today’s markets want rapid and reliable data to make profitable trades. Reputable NASDAQ 100 brokers provide instantaneous access to in-depth market data, research reports, and news.
👉 Traders in Tanzania need a centralized location where they can go to get the latest news from Reuters and Dow Jones and top-notch analyst research reports from reputable sources.
👉 Investors now have access to a wealth of information, including market data on exchanges and critical financial information on hundreds of firms from reputable sources. But it is also true that most investors could gain knowledge through more study.
👉 Traders in Tanzania should seek brokers with a Traders’ Academy or instructional component on their website, where they may access on-demand videos, webinars, and courses that teach asset classes, markets, currencies, and the broker’s trading software.
👉 Investors could make better investment choices and progress toward their financial objectives when they have access to this sort of help, a powerful trading platform, timely market knowledge, and a wide range of products.
The Best Share CFD Brokers in Tanzania
👉 This article lists the best CFD brokers that offer NASDAQ 100 and CFD trading to traders in Tanzania. We have further identified the CFD brokers that offer additional services and solutions to Tanzanian traders.
Best MetaTrader 4 / MT4 Share CFD Broker in Tanzania
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
👉 Overall, FxPro is the best MT4 Share CFD broker in Tanzania. FxPro is a leading MetaTrader 4 broker that provides a variety of account types and trade execution services. FxPro offers 400 CFDs in addition to educational resources and analytical tools.
Best MetaTrader 5 / MT5 Share CFD Broker in Tanzania
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
👉 Overall, FP Markets is the best MetaTrader 5 Share CFD Broker in Tanzania. FP Markets provides traders with access to several share CFDs on numerous markets.
👉 FP offers instructional materials, trading tools, and a variety of other useful stuff that traders can use to improve their trading and make more informed choices. In addition, FP Markets offers MT5 in combination with a Raw Account to give traders the optimal trading circumstances.
Best Share CFD Broker for beginners in Tanzania
Overall Rating
- 4.9/5
Min Deposit
USD 100
Regulators
ASIC, FSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, AvaTrade is the best Share CFD broker for beginners in Tanzania. AvaTrade provides 1,260 financial products that may be traded on robust platforms, including MT4, MT5, AvaTradeGO, and other user-friendly solutions.
👉 In addition, AvaTrade offers a vast library of instructional resources that all traders, not just customers, may access for free. Beginners can easily practice trading in a risk-free environment with the help of a demo account funded with virtual currency.
Best Low Minimum Deposit Share CFD Broker in Tanzania
Overall Rating
- 4.5/5
Min Deposit
USD 10
Regulators
IFSC, CySec, ASIC
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
55
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, XM is the best Low Minimum Deposit Share CFD Broker in Tanzania. When Tanzanians register an account with XM, they must deposit a minimum of 11,600 TZS / 5 USD.
👉 Moreover, Tanzanians could trade share CFDs on overseas exchanges utilizing unique and adaptable account kinds.
Best ECN Share CFD Broker in Tanzania
Overall Rating
- 4.7/5
Min Deposit
–
Regulators
–
Trading Desk
–
Crypto
Yes
Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, FOREX.com is the best ECN Share CFD Broker in Tanzania. FOREX.com is a well-known and trusted STP and ECN broker with a proven execution scorecard. Therefore, Tanzanians can expect fast and reliable trade execution and the best liquidity from trusted liquidity providers.
👉 There is also minimal slippage, zero requotes, and some of the best trading platforms offered by FOREX.com.
Best Islamic / Swap-Free Share CFD Broker in Tanzania
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
👉 Overall, Pepperstone is the best Islamic / Swap-Free Share CFD Broker in Tanzania. Using Pepperstone, Muslim traders in Tanzania can rapidly switch between a Live and an Islamic Account.
👉 The charged spreads are not subject to an additional markup. However, Pepperstone levies an administrative fee on traders who hold open positions for longer than 10 days.
Best Share CFD Trading App in Tanzania
Overall Rating
- 4.8/5
Min Deposit
USD0
Regulators
IGRs
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, IG is the best Share CFD trading app in Tanzania. IG Trading is IG’s premier mobile application, with customizable alerts, sentiment analysis, and advanced charting.
👉 In addition, IG provides Tanzanians with access to over 19,000 markets and limitless trading options.
Best Tanzanian Shilling Trading Account Broker in Tanzania
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
👉 Overall, SuperForex is the best TZS trading account broker in Tanzania. SuperForex allows Tanzanians to register an ECN Standard Mini account denominated in Tanzanian Shilling. Furthermore, traders can use Airtel to deposit and withdraw funds in TZS, exempting them from currency conversion fees.
Best Lowest Spread Share CFD Broker in Tanzania
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
👉 Overall, FBS is the best lowest-spread Share CFD Broker in Tanzania. FBS is a well-known broker that often provides negative spreads on certain instruments, depending on the account type and market conditions when Tanzanians trade.
Best NDD Share CFD Broker in Tanzania
Overall Rating
- 4.8/5
Min Deposit
USD 5
Regulators
CySEC, FSC, CFTC
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
No
Total Pairs
47
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, HFM is the best NDD Share CFD broker in Tanzania. HFM is a well-known non-dealing desk (NDD) forex, and CFD broker that gives MT4 and MT5 traders access to the NASDAQ 100.
👉 HFM offers two comprehensive trading platforms, an innovative proprietary trading app for iOS and Android, and support for a variety of trading methods.
Best STP Share CFD Broker in Tanzania
Overall Rating
- 4.9/5
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, Exness is the best STP Share CFD broker in Tanzania. Exness has won several awards for its competitive trading conditions, robust trading platforms, and diverse selection of trading services.
👉 Exness is a multi-regulated STP broker that provides competitive pricing from 0 pips. Furthermore, Tanzanians can expect minimum commissions and innovative and robust trading software across devices.
Best Sign-up Bonus Share CFD Broker in Tanzania
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 230,000 Tanzanian Shilling
Regulators
CySEC, FCA, FSA, FSCA, Labuan FSA
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, Tickmill is the best sign-up bonus Share CFD broker in Tanzania. Tickmill offers new clients $30 to trade on financial markets upon registration. Traders must deposit 230,000 Tanzanian Shillings into a Live MT4 account to withdraw winnings from this bonus.
Conclusion
👉 Even though hundreds of CFD brokers currently provide customers access to the NASDAQ 100 Index, we feel that the brokers we have chosen to provide the ideal trading environment for Tanzanian investors.
👉 However, Tanzanians should remember that CFDs are highly leveraged products with a substantial risk of investment loss. Therefore, these products should only be traded by seasoned traders who can assume higher risks.
FAQ
Does it make sense for Tanzanians to invest in the NASDAQ 100?
NASDAQ 100 is well-known for its rapid growth rates and is a well-known index of leading corporations. Investing in the NASDAQ 100 might thus be advantageous for Tanzanian traders.
How do I trade NASDAQ 100 in Tanzania?
Traders can easily search for a reputable share CFD broker, test their platform with a demo account, and deposit cash if the broker meets their trading goals and demands. Furthermore, Tanzanian traders can trade NASDAQ 100 as a CFD on indices or trade individual NASDAQ shares or CFDs.
Why are Tanzanian traders interested in the NASDAQ 100?
It comprises the biggest and most frequently traded NASDAQ-listed firms, serves as a benchmark index for US technology equities, and includes companies operating in the retail, industrial, biotechnology, and health industries.
How much does it cost Tanzanians to begin trading on NASDAQ 100?
It could cost anything from 2,300 to 230,000 TZS, depending on your broker’s minimum deposit and the margin requirements for CFDs.
Can Tanzanians trade NASDAQ 100?
Yes, the NASDAQ 100 can be traded as a contract for difference (CFD) instrument via a broker that welcomes Tanzanian traders and is licensed.
