7 Best Volatility 75 Forex Brokers in Tanzania
The 7 Best Volatility 75 Index Forex Brokers in Tanzania. We tested the best VIX 75 index forex brokers for Tanzania Traders.
This is a complete guide to brokers that offers traders in Tanzania the chance to trade on the Volatility 75 Index.
In this in-depth guide you’ll learn:
- What is the Volatility 75 Index?
- What is the difference between the Volatility 75 Index vs NASDAQ 100 Index – Explained
- How to choose the best VOL 75 broker for your trading style?
- The Best Metatrader 4 (MT4) and Metatrader 5 (MT5) on the VIX 75 platforms revealed.
- Who is our #1 recommended 75 Index Volatility Broker in Tanzania?
- Which Vix 75 broker offers a sign-up bonus for first-time traders?
- Which broker offers a low minimum deposit of $5 (11 670 TZS)?
- Which Volatility 75 Index broker accepts M-PESA?
And lots more…
So if you’re ready to go “all-in” with VIX 75 Index Forex Brokers, this guide is for you.
Let’s dive right in…
- Louis Schoeman
Best Volatility 75 Forex Brokers in Tanzania
| 🥇 Broker | ✔️ Volatility 75 Forex Broker? | 💰 Minimum Deposit? | 💸 Tanzanian Shilling Deposit Allowed? | 👉 Open Account |
| 1. Pepperstone | Yes | 320,000 TZS | Yes | 👉 Open Account |
| 2. IC Markets | Yes | 466 800 TZS | No | 👉 Open Account |
| 3. IG | Yes | 580,000 TZS | No | 👉 Open Account |
| 4. AvaTrade | Yes | 233 400 TZS | Yes | 👉 Open Account |
| 5. XTB | Yes | 0 TZS | No | 👉 Open Account |
| 6. HFM | Yes | 11 670 TZS | Yes | 👉 Open Account |
| 7. FXCM | Yes | 116,000 TZS | Yes | 👉 Open Account |
7 Best Volatility 75 Forex Brokers in Tanzania
- Pepperstone – Overall, Best Volatility 75/VIX75 Forex Broker in Tanzania
- IC Markets – Top STP Forex Broker
- IG – Best Forex Trading App in Tanzania
- AvaTrade – Top NASDAQ100 Forex Broker
- XTB – Verified NDD Forex Broker in Tanzania
- HFM – Top Sign-Up Bonus Forex Broker
- FXCM – Best Low Minimum Deposit Forex Broker
What is the Volatility 75 Index, and how does it work?
👉 The Volatility Index (VIX) is an indicator of the anticipated 30-day S&P 500 Index price swings. The implied volatilities of several S&P 500 Index option contracts are used to arrive at this number.
👉 Due to its tendency to rise when investors are scared or unsure about the stock market’s future direction, the VIX is commonly referred to as the “fear index” and is reported as an annualized percentage.
👉 Various S&P 500 Index options with varying expiry dates are used in the VIX calculation. “Out-of-the-money” options are those whose strike prices are either more than or less than the S&P 500 Index at the time of writing.
👉 As a measure of the projected 30-day volatility of the S&P 500 Index, the VIX formula gives more weight to options with higher implied volatilities.
👉 Financial professionals regularly track the Volatility Index (VIX) as a proxy for market anxiety and investor confidence. In addition, options on the S&P 500 Index and other financial instruments often utilize it as a reference point for pricing purposes.
👉 Furthermore, the VIX is a widely tracked volatility index released by the Chicago Board Options Exchange (CBOE).
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
Pepperstone Overview
👉 Pepperstone provides access to three powerful trading platforms, a wide range of tradable markets, and high-quality research. In addition to its 70 Forex instruments, Pepperstone offers currency indexes, commodities, energies, and more.
👉 CFDs on indices such as the NASDAQ, FTSE100, S&P 500, VIX, and even the Johannesburg Stock Exchange are available on Pepperstone, providing Tanzanians the perfect chance to diversify their investment portfolios.
👉 Pepperstone maintains client funds separate from operational funds as a safeguard in a high-risk sector. New clients are provided with a Standard account, with Forex spreads starting at 0.6 pip, and zero commission charges.
👉 However, there is a commission cost on the Razor account, where the minimum Forex spread starts from 0.0 pips. Tanzanians should also be aware that Pepperstone’s other products are priced using either a straight spread or a spread-and-commission structure.
Pepperstone Trading Conditions and 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 |
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
IC Markets Overview
👉 IC Markets is a reputable provider of Forex and CFD products, with a daily processing volume of over $500,000 orders and $15 billion in daily foreign exchange transactions. Its innovative trading platforms are suitable for traders of all levels of expertise and are a key feature of the company.
👉 In addition to foreign currency, traders in Tanzania can easily trade futures, stock indices, and commodities through IC Markets.
👉 Among the 25 global indexes on which IC Markets offers cash and futures contracts are the NASDAQ, S&P 500, FTSE 100, VIX 75, and Nikkei, providing a range of trading opportunities for Tanzanian traders.
👉 IC Markets is popular among traders due to its leverage, low spreads, and reasonable fee expenses, making it a suitable choice for seasoned traders, newcomers, and even those who utilize automated trading strategies.
IC Markets Trading Conditions and Features
| Account Feature | Value |
| 💻 Trading Platform | cTrader |
| 💰 Commission | $3 per side and $6 per round turn |
| 📈 Typical Average Spreads | 0.0 |
| 💳 Minimum Deposit Requirement | 83,000 Tanzanian Naira equivalent to $200 |
| 📈 Leverage | 1:500 |
| 📈 Maximum positions per account | 2,000 |
| 🏛️ Server Location | London |
| ✴️ Micro trading allowed? | Yes |
| 📊 Currency Pairs | 64 |
| 📊 Index CFD Trading | Yes |
| 📊 Stop-out | 50% |
| 📈 One-Click Trading offered? | Yes |
| ☪️ Islamic Accounts | Yes |
| 📊 Trading Styles accepted | Scalping, hedging, expert advisors, algorithmic strategies, etc. |
| 💻 Programming Language | C# |
| 👍 Suitable for | Day traders, scalpers, active traders |
| 📊 Demo Account offered? | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| IC Markets has a global presence and is known as one of few true ECN brokers | The minimum deposit charged by IC Markets is slightly higher than the industry standard |
| Based in Australia, IC Markets is regulated and licensed by four market regulators globally | There are currency conversion fees for deposits and withdrawals in currencies other than AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, and CHF |
| All client funds are kept in segregated accounts and IC Markets provides investor protection | IC Markets does not provide fixed spreads |
| There is a choice between dynamic accounts offered by IC Markets | IC Markets does not have a proprietary trading platform or an app |
| Tanzanians can choose between three powerful trading platforms on desktop, the web, and mobile apps | |
| There are a plethora of educational materials offered to beginners | |
| There is an unlimited demo account if traders use it frequently | |
| There is an Islamic Account offered that provides halal trading conditions to Muslim traders |
3. 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
IG Overview
👉 IG is a preeminent Forex and CFD broker on the London Stock Exchange, with a long history dating to 1974. IG has since grown to become one of the largest online brokers in the world, offering over 19,000 trading products and 80 global indexes.
👉 IG is committed to providing Tanzanian clients with comprehensive educational materials and current market information. Compared to its competitors, IG offers traders access to a wider range of indexes for trading, including the NASDAQ, FTSE100, VIX, DAX30, and Hang Seng.
👉 It also offers bespoke indexes such as the Cannabis Index and the Emerging Markets Index and allows trading on major indices throughout the weekend.
👉 IG provides its global customers with innovative platform options and API interfaces, which are accessible through its user-friendly web-based service. Although IG recommends using Google Chrome, its platform is available through any browser.
IG Trading Conditions and 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 |
4. 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
AvaTrade Overview
👉 AvaTrade was established in 2006 and is regulated in three tier-1 and three tier-2 countries, making it a dependable and low-risk broker for trading in CFDs and Forex.
👉 Through its MT5 platform, AvaTrade offers access to 1,260 symbols, and WebTrader offers access to a similar number of symbols, although a few hundred cannot be accessible at times.
👉 The VIX 75 is one of the 33 Index CFDs available through AvaTrade, providing Tanzanian traders access to global markets.
👉 AvaTrade’s custom mobile apps offer a satisfactory experience for most traders, including beginners. AvaTrade continually improves in this area and offers a wide range of useful apps suited to different traders and trading strategies.
AvaTrade Trading Conditions and 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. |
5. XTB
Overall Rating
- 4.1/5
Min Deposit
USD 250 / 583 539 TZS
Regulators
FCA, CySEC, IFSC, KNF
Trading Desk
No Trading Desk
Crypto
Yes
Total Pairs
48
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
XTB Overview
👉 XTB is a popular choice among investors seeking a reputable broker with a wide range of trading instruments and comprehensive market analysis. However, it should be noted that XTB only supports its proprietary platform, xStation5.
👉 XTB offers a diverse range of over 2,100 financial assets for trading, including currencies, indexes, commodities, CFDs, ETFs, and cryptocurrencies, which is more than many other brokers.
👉 XTB provides its traders with the best service and education and has established a comprehensive Trading Academy and a personal mentorship program.
👉 XTB’s customer support team is proficient in addressing technical or account-related issues, and the Market News section of the website is regularly updated with analysis and trading recommendations.
XTB Trading Conditions and Features
| Feature | Information |
| ⚖️ Regulation | FCA, CySEC, KNF, CNMV, FSC, DFSA |
| ✔️ Regulated in Tanzania? | No |
| 💻 Trading Accounts | • Standard Account • Swap-Free Account |
| 📊 Trading Platform | • xStation5 |
| 💵 Minimum Deposit (TZS and USD) | 0 TZS ($0) |
| 📈 Range of Markets | • ETF CFDs • Forex • Commodities • Indices • Cryptocurrencies • Stock CFDs |
| ✅ TZS-denominated Account? | No |
| 💰 TZS Deposits Allowed? | No |
| 📊 Bonuses for Tanzanian traders? | No |
| 📱 Minimum spread | 0.1 pips |
| 💻 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| XTB is one of the brokers with the highest trust score of 99%, making it a safe option for Tanzanian traders. | XTB charges inactivity fees on dormant accounts. |
| Tanzanians can choose from more than 4,500 instruments that can be traded. | XTB has limited payment options for deposits and withdrawals. |
| XTB has a proven record of superior execution and an execution scorecard. | There is no TZS-denominated account. |
| Traders can access powerful trading tools, including AutoChartist, TradingView, Recognia, and more. | Currency conversion fees of 0.5% apply to deposits and withdrawals made in TZS. |
| XTB offers commission-free trading. |
6. 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
HFM Overview
👉 HFM is a globally recognized and respected broker. Its global presence allows many traders in Tanzania to access its trading services and solutions from anywhere. HFM offers a wide range of trading services, four account types, and powerful trading platforms with low spreads.
👉 It supports the MT4 and MT5 trading platforms and its own mobile HF App, which enables clients to trade directly from charts and make deposits and withdrawals.
👉 HFM offers four distinct account types, more than many other brokers, with a low minimum investment required for the Micro Account, ideal for new traders, and the Zero Spread Account, designed for more experienced traders.
👉 HFM also provides Tanzanian traders with high-quality trading tools, such as spot and futures contracts on various international indexes, including the Nikkei, NASDAQ, S&P500, and FTSE100, as well as the VIX and DAX30, which is a larger selection compared to other brokers.
HFM Trading Conditions and 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 |
7. FXCM
Overall Rating
- 4.6/5
Min Deposit
USD 300 / 700 200 TZS
Regulators
FCA
Trading Desk
MetaTrader 4, Trading Station
Crypto
Yes
Total Pairs
7
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
FXCM Overview
👉 FXCM offers a range of account types, a wide selection of forex and CFD products, leverage, and a variety of plugins and supplementary programs to traders.
👉 It distinguishes itself by offering a wide range of trading platforms, including Trading Station, MetaTrader 4, ZuluTrade’s copy-trading platform, NinjaTrader, and numerous additional add-on plugins and services.
👉 FXCM has a long history of responsible behaviour and can be considered a trustworthy broker. It also maintains customer funds in a separate account and adheres to international standards.
FXCM Trading Conditions and Features
| Feature | Information |
| ⚖️ Regulation | FCA, ASIC, CySEC, FSCA |
| ✔️ Regulated in Tanzania? | No |
| 💻 Trading Accounts | • CFD Trading Account • Standard Account |
| 📊 Trading Platform | • MetaTrader 4 • Trading Station • NinjaTrader • Capitalise AI • ZuluTrade • TradingView Pro • MotiveWave • NeuroShell Trader • QuantConnect • Sierra Chart • SeerTrading • AgenaTrader |
| 💵 Minimum Deposit (TZS and USD) | 116,000 TZS ($50) |
| 📈 Range of Markets | • Forex • Commodities • Forex Baskets • Stock Baskets • Cryptocurrencies • Indices |
| ✅ TZS-denominated Account? | No |
| 💰 TZS Deposits Allowed? | Yes |
| 📊 Bonuses for Tanzanian traders? | Yes |
| 📱 Minimum spread | 0.2 pips |
| 💻 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FXCM is a multi-regulated and award-winning broker | The spreads are not the tightest |
| The broker is a member of the FSCS, offering all clients investor protection | There are additional fees charged on the Islamic Account |
| There is a choice between an impressive range of trading platforms | There are currency conversion fees and an inactivity fee |
| There are social opportunities offered through ZuluTrade | Withdrawal fees apply on bank wire transfer |
| There are advanced charting capabilities offered through TradingView | There is no KES-denominated account and KES is not a deposit currency |
| The daily analysis is provided by Trading Central | |
| FXCM offers an innovative proprietary trading platform | |
| There is a choice between trading accounts, each suited to different types of traders |
How to Choose the Right CFD Broker in Tanzania
👉 Brokers connect investors with exchanges where they may purchase and sell currencies. Therefore, choosing a trustworthy CFD broker is necessary before beginning to trade products like the VIX 75.
👉 Furthermore, Tanzanian traders must evaluate the following components of a CFD broker to decide whether the broker is suited to their unique trading objectives and needs.
Regulation
👉 Ensuring that you only use the services of a well-regulated broker is a crucial factor when you choose a CFD broker that offers VIX 75. Regulation ensures that the broker will ensure client fund security and that disputes will be managed effectively.
👉 Furthermore, regulation ensures that client funds are only used for trading activities and that the broker can fulfil its financial obligations towards its clients.
Trading Platform
👉 Traders in Tanzania should put money into a trading platform they feel confident using. Before registering a live trading account with a CFD broker, be sure the trading platform meets your needs.
Leverage Ratios
👉 The CFD market is often leveraged to allow traders to open larger positions with less capital. However, to effectively manage a trading position and account, it is crucial to understand your leverage limit.
👉 Your broker should offer flexible leverage, allowing you to choose a ratio according to your trading strategy and risk tolerance.
The ability to use Scalping Strategies
👉 If you are interested in high-frequency CFD day trading, ensure that trading styles are not restricted. For example, a broker who engages in scalping has no minimum time requirement between the market price, the stop-loss, and the take-profit.
Custom Trading Tools
👉 Brokers that care about their clients should provide them with helpful services. These aids are designed to make it easier for Forex and CFD traders to maximize their profits.
Trader Education
👉 Most CFD brokers provide their clients with educational materials and opportunities to attend seminars. However, for new traders, familiarity with the jargon is crucial. Therefore, choosing a broker that also offers educational resources is best.
Trade Execution Quality
👉 When searching for a broker, it is important to choose one that can guarantee your orders will be executed at the exact price you specify.
Spreads and Fees
👉 Selecting a broker with the tightest Volatility 75 spreads is usually the best strategy. While important, this element alone should not be used to decide; rather, it should be weighed with all other factors.
The Type of Trading Accounts offered
👉 A good CFD broker will provide a few account options, each with unique benefits. For example, more safety, more leverage, risk management, narrow spread, etc., are all advantages that might accrue.
The Best Forex Brokers in Tanzania
👉 This article lists the best brokers that offer forex and CFD trading to Tanzanian traders. In addition, we have further identified the brokers that offer additional services and solutions to Tanzanian traders.
Best MetaTrader 4 / MT4 Forex 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 Forex broker in Tanzania. FxPro provides a variety of account kinds and trade execution capabilities and is a leading MetaTrader broker.
👉 FxPro provides access to more than 400 Contracts for Difference (CFDs). Additionally, the site delivers a collection of instructional materials and analytical tools.
Best MetaTrader 5 / MT5 Forex Broker in Tanzania
Overall Rating
- 4.7/5
Min Deposit
233200 TZS / $100
Regulators
CySec, FSC, FSA, BaFin, NFA
Trading Desk
MetaTrader 4 , MetaTrader 5
Crypto
Yes
Total Pairs
50 Forex Pairs and 20 Crypto Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, BDSwiss is the best MetaTrader 5 Forex broker in Tanzania. Multiple asset classes may be traded with the various trading methods on the MT5 platform supplied by BDSwiss.
👉 BDSwiss’ innovative research and instructional programs and its comprehensive array of MT5 trading tools might be advantageous to traders of all levels of expertise.
Best Forex 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 forex broker for beginners in Tanzania. AvaTrade offers user-friendly trading platforms and a wide range of educational resources and materials, including webinars, educational videos, eBooks, and more.
👉 AvaTrade also offers a demo account funded with virtual money. The demo account lets Tanzanians trade in live markets risk-free, allowing traders to build experience in forex trading.
Best Low Minimum Deposit Forex 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 Low Minimum Deposit Forex Broker in Tanzania. Tanzanian traders can register an account with Exness with a minimum deposit of 23,300 TZS ($10). This deposit allows them to trade over 270 instruments across asset classes.
Best ECN Forex Broker in Tanzania
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
👉 Overall, RoboForex is the best ECN Forex broker in Tanzania. RoboForex welcomes traders utilizing Electronic Communication Networks (ECNs), and a $10 minimum deposit is needed to get started.
👉 ECN Accounts with zero-pip spreads are distinguished by their high liquidity and constant speed of transaction execution.
Best Islamic / Swap-Free Forex Broker in Tanzania
👉 Overall, XTB is the best Islamic / Swap-Free forex broker in Tanzania. XTB provides Tanzanian traders with a Swap-Free Account that may be utilized to trade many asset types. Tanzanians may utilize the xStation5 across several devices and benefit from its research, teaching, and other unique capabilities.
Best Forex Trading App in Tanzania
Overall Rating
- 4.5/5
Min Deposit
USD 400 / 933 66 TZS
Regulators
CFTC
Trading Desk
No Trading Desk
Crypto
Yes
Total Pairs
9
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, NinjaTrader is the best forex trading app in Tanzania. In addition, NinjaTrader provides CQG Mobile and NinjaTrader mobile for usage on iOS and Android smartphones.
👉 These innovative applications enable Tanzanians to trade straight from the charts, execute automated trading techniques, and have access to comprehensive analytical data.
Best Nasdaq 100 Forex Broker 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 Nasdaq 100 Forex broker in Tanzania. IG is one of the oldest stock exchange-listed brokerage firms in the world. IG provides over 19,000 tradable financial products, such as CFDs on Nasdaq, and shares featured on this renowned index.
Best Volatility 75 / VIX 75 Forex 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 Volatility 75 / VIX 75 Forex broker in Tanzania. In addition, HFM is a popular STP and ECN broker that offers over 1,000 CFDs that can be traded, including VIX 75.
👉 As a result, Tanzanians can expect competitive spreads across flexible account types and powerful trading platforms.
Best NDD Forex Broker in Tanzania
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
👉 Overall, OctaFX is the best NDD Forex broker in Tanzania. OctaFX is an ECN, and STP forex broker offering EUR/USD spreads beginning at 0.6 pips and commission-free trading.
👉 OctaFX is a non-dealing desk (NDD) broker that provides user-friendly trading software, a choice of two flexible accounts, and cost-effective entry points for trading forex CFDs.
Best STP Forex 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 STP Forex broker in Tanzania. Popular STP and ECN broker Pepperstone combine liquidity from Barclays and HSBC. In addition, Pepperstone offers many execution venues, including Sucden Financial, GAIN Capital, and others.
👉 This liquidity guarantees that Tanzanians get the most competitive pricing, with spreads beginning at 0 pips on liquid products such as the EUR/USD.
Best Sign-up Bonus Broker in Tanzania
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
👉 Overall, JustMarkets is the best sign-up bonus broker in Tanzania. JustMarkets gives newly enrolled Tanzanian traders a no-deposit incentive of 30 USD upon account registration and verification.
👉 Once Tanzanians have deposited their first cash, they are eligible for extra trading incentives, giving them a head start in a fast-paced, competitive business.
Conclusion
👉 The Volatility 75 Indicator (VIX) is a common financial index often used to assess stock market volatility. Tanzanian traders might consider investing in the VIX to hedge against market volatility or speculate on future market fluctuations.
👉 However, traders should consider a few factors before investing in the VIX. For example, the Volatility 75 index is inherently volatile and not directly investible. Furthermore, the VIX might not be suitable for all Tanzanian traders because of its complexity.
👉 Therefore, before they invest, Tanzanians must consider their risk tolerance and investment objectives.
FAQ
What is the VIX?
The Volatility 75 (VIX) is a popular financial index used to evaluate market volatility.
VIX 75 tracks the performance of large-cap companies traded on the New York Stock Exchange (NYSE) and the National Association of Securities Dealers (NASD), as measured by the price of options contracts on the S&P 500 Index.
How is the VIX 75 calculated?
Option pricing on the S&P 500 Index is used to derive the VIX. As such, it represents market expectations for the implied volatility of the S&P 500 Index over the next 30 days.
Can Tanzanians trade VIX directly?
The VIX is not a tradeable security in and of itself. Rather, the VIX can be accessed by investors via futures contracts, options on futures contracts, and exchange-traded products (ETPs), including ETFs and ETNs.
Is the Volatility 75 index a worthwhile investment for Tanzanians?
It is contingent upon one’s investing aims and overall risk tolerance. Due to its complexity and inherent risk, the VIX may not be appropriate for all investors. Therefore, before trading the VIX, traders should evaluate their financial goals and risk tolerance.
How can Tanzanians start trading the Volatility 75 index?
Options on futures contracts, exchange-traded funds (ETFs), and exchange-traded notes (ETNs) are only some of the exchange-traded products (ETPs) that allow investors to trade the VIX.
