In order to trade successfully, it is very important to choose the right broker. in Tanzania, a large number of companies provide access to trading and you will have to choose the one for you among them. It is important to work only with reliable brokers providing all the required instruments for trading based on your trading strategy. TU analysts have selected the best futures trading brokers for day trading in Tanzania 2025. You can compare their features and trading conditions.
1
eToro - Best for day trading in Tanzania
The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA.
👍 Advantages of trading with eToro for traders from Tanzania:
•High level of reliability ensured by the licenses of respected regulatory authorities and participation in the compensation funds.
•Wide selection of assets quoted at stock exchanges in the UK, U.S., Australia and Asia.
•An opportunity to combine active trading with social trading and passive investing.
•Zero-fee trading of a number of stocks.
•Access to ready-made diversified asset portfolios with various risk levels.
•Provision of leverage, educational materials on various markets and user-friendly trading platforms that can run on any device.
•Zero fees for portfolio management, depositing funds and account maintenance.
👎 Disadvantages of eToro for traders from Tanzania:
•High minimum deposit for users of a number of countries.
•No live chat on the website for quick connection to customer support.
2
FBS - Best for day trading in Tanzania
FBS is an international broker with a strong presence in Asia, offering a wide range of trading instruments including Forex, stocks, indices, energies, and metals. With over 90 international awards and 27 million clients across 150 countries, FBS boasts a strong global reputation.
The company provides flexible trading conditions: leverage up to 1:3000, floating spreads from 0.7 pips, commission-free trading, and fast execution speeds starting at 0.01 seconds. FBS ensures client security with negative balance protection and offers a user-friendly experience on familiar trading platforms.
While FBS doesn't currently offer cryptocurrency trading or passive income options like PAMM accounts and copy trading, its competitive conditions and extensive educational resources make it a compelling choice for traders seeking a comprehensive and accessible experience.
👍 Advantages of trading with FBS for traders from Tanzania:
•negative balance protection;
•a large selection of trading instruments;
•the support service works 24/7.
👎 Disadvantages of FBS for traders from Tanzania:
•auto copying is not available;
•no PAMM accounts;
•not suitable for short-term trading, such as scalping;
•the support service works in a limited number of languages;
•only two real accounts.
3
IronFX - Best for day trading in Tanzania
IronFX was launched in January 2010 by a team of specialists in finance and software development. Today, IronFX has grown to be among the industry leaders that provide online trading services globally. Customers can use the MT4 advanced trading platforms and trade more than 300 tools from 6 various asset classes. IronFX serves individual as well as corporate clients from over 180 countries. IronFX is highly valued for providing cutting-edge technological innovation on trading platforms and trading tools.
👍 Advantages of trading with IronFX for traders from Tanzania:
•round-the-clock communication with a multilingual support TEAM on weekdays;
•wide range of trading assets;
👎 Disadvantages of IronFX for traders from Tanzania:
•the verification procedure can be repeated;
4
IFC Markets - Best for day trading in Tanzania
IFC Markets was established in 2006. The company is owned by IFCM Group, a financial corporation that turned the services of providing access to international asset markets into a separate business. The broker focuses on two areas – classical trading services and synthetic instrument trading services. The broker is regulated by BVI FSC SIBA/L/14/1073 (British Virgin Islands). Deposits of the traders are insured at AIG Europe Limited.
👍 Advantages of trading with IFC Markets for traders from Tanzania:
•Unique instruments for trading: portfolio quoting, continuous stock indices and derivatives, and a proprietary trading platform.
•Insurance against risks of professional liability.
•Over 600 trading assets of different classes, including synthetic instruments.
👎 Disadvantages of IFC Markets for traders from Tanzania:
•Relatively high spread – from 1.8 pips.
•Complex verification. Certification of the documents by a notary public and their translation into English may be required.
•Offshore regulation, which is unlikely to help a trader in any way.
•The broker’s proprietary platform does not envisage the use of an advisor and indicators on MQL. Translation into the platform’s language is performed at the trader’s expense.
•There are no passive income programs.
5
Accuindex - Best for day trading in Tanzania
Accuindex is a new yet strong participant in the Forex and CFD markets. Accuindex is dedicated to giving access to a transparent and powerful trading environment. Among its core principles, Accuindex sees professionalism, innovation, flexibility, and fair business. Here traders can find just the right solutions and services to effectively meet their requirements along with ultra-low spreads, multiple trading tools, and zero commissions. As a fast-growing business, Accuindex leads the charge towards the future of trading.
👍 Advantages of trading with Accuindex for traders from Tanzania:
•Regulation by CySEC (340/17). This regulator operates in compliance with the European law despite being in an offshore jurisdiction.
•Deposit and withdrawal on the same day for almost all payment methods. The broker does not charge deposit/withdrawal fees and there are no limits on the amounts.
•Swap is not charged for the first 10 days, which is enough for choosing a strategy type (day, long-term).
👎 Disadvantages of Accuindex for traders from Tanzania:
•EAs cannot be used on the ECN account with floating spread from 0 pips.
•No negative balance protection on the Raw account. This means that in case of a loss (negative account balance), there is a risk that the broker may sue for compensation.
Commissions & Fees
Brokerage fees are the amount of money that you pay for using the services that a brokerage offers in order to perform trading and manage investments. The brokerage fee structure and regulations vary from broker to broker, and there are two primary fee types which are:
Trading Fees: This type of fee is only charged when you perform a trade. It can be a conversion fee, margin rate, financing rate, spread, or commission.
Non-Trading Fees: This type of fee isn't directly related to your trading activity, and it can include inactivity fee, withdrawal fee, deposit fee, etcetera.
eToro Commissions and Fees
Registration on the eToro platform is free. The broker does not charge a fee for opening and closing long positions on stocks quoted at the US stock exchanges. The stocks of other markets are available as derivatives, with eToro charging a trading fee on them in the form of the spread. Also, the fees are applied to short positions and leveraged orders. The company accepts and allows withdrawals of only US dollars. If a client deposits or withdraws another currency, it is converted into USD at a fee of 0-50 pips. Members of eToro club get a 50-100% fee reduction on conversion. If a client shows no activity for a period of 12 month, the broker charges the inactivity fee of $10. There is no deposit fee. eToro charges $5 on each withdrawal.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
$5 |
Yes |
|
Pro |
from $1.1 |
$5 eToro’s fee + the fees of payment systems |
FBS Commissions and Fees
The experts at Traders Union checked the broker for trading and non-trading commissions. In the category of trading commission, the company's spread was considered, and as a non-trading commission, various additional fees for withdrawing funds from the account were considered.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
From $7 |
No |
|
Cent |
From $0.07 |
No |
IronFX Commissions and Fees
Trading terms at IronFX were analyzed by specialists at the Traders Union for trading and non-trading commissions. There are no hidden trading fees and no commission is charged for deposits or withdrawals. An exception may be the transfer fee set by the payment system.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
from $18 |
No |
|
Premium |
from $16 |
No |
|
VIP |
from $14 |
No |
|
Zero Fixed |
from $0 |
No |
|
No commission |
from $17 |
No |
|
Zero Spread |
from $0 |
No |
|
Absolute Zero |
from $3 |
No |
IFC Markets Commissions and Fees
Traders Union analysts have examined the trading conditions of IFC Markets to uncover any hidden commissions or pitfalls. The broker’s trading conditions are transparent and there are no hidden commissions. In terms of additional fixed fees, there is a commission per each open trade in Stock CFD trading. The commission is charged in the amount of 0.01% of the position volume or $0.02 per share.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
All accounts on NetTradex and МТ4 |
from $18 |
No |
|
All accounts on МТ5 |
from $4 |
No |
Accuindex Commissions and Fees
Traders Union analysts performed a review of trading conditions and legal documents of the broker to see what kinds of fees the company charges. The broker’s fee is the spread that is shown to traders with the markup, swap and a fixed fee on the ECN account. The broker does not charge deposit and withdrawal fees or hidden fees.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
USD 14 |
no |
|
Pro |
USD 8 |
no |
|
Raw |
USD 0 |
no |
Summary
Many brokers are available for traders from Tanzania, but not all of them offer good conditions. In this review, TU experts chose the Best futures trading brokers for day trading in Tanzania 2025. These are the most trusted companies that offer the best conditions for traders. You will also be able to review the general assessment of each broker.
Overall score of the best Futures Trading Brokers For Day Trading in Tanzania
| eToro | FBS | IronFX | IFC Markets | Accuindex | |
|---|---|---|---|---|---|
|
Overall score |
7.75 |
7.33 |
7.13 |
5.52 |
5.94 |
|
Execution of orders |
9.1 |
9.5 |
6.85 |
3.15 |
3.23 |
|
Investment instruments |
9.7 |
9.2 |
9.7 |
9.5 |
9.2 |
|
Withdrawal speed |
9.5 |
5 |
8 |
4 |
6 |
|
Customer Support work |
9.3 |
7.58 |
7.03 |
2.8 |
4.04 |
|
Variety of instruments |
9 |
7.02 |
8.02 |
5.75 |
7.37 |
|
Trading platform |
9.8 |
9.03 |
3.88 |
4.35 |
3.87 |
|
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FAQ
How much money do I need in order to start working in the financial markets?
The initial capital depends on the assets you plan to trade. However, in the majority of cases, $300-500 is a good amount for a start.
What learning instruments can a broker offer?
Brokers offer various educational options. These include full-fledged educational courses, or video tutorials, articles, and books. Companies also often hold seminars and webinars.
Is it possible to work with offshore brokers?
It is best not to work with offshore brokers. However, if you have chosen such a company, you need to check and analyze it very thoroughly. There are offshore brokers with good reputations. Before you start working with such a company, deposit the minimum amount and start trading. Once you’ve worked with the broker for a little while and checked how it operates and how quickly it processes withdrawals, you can start depositing higher amounts.
Why is a license important for a broker?
License is the key document testifying to the broker’s reliability. It means that the company complies with the requirements of the financial regulatory authority that issued it. It is recommended that you choose brokers with licenses from top financial regulators: the USA, European Union, the UK, as these jurisdictions have the strictest licensing requirements.
Best Futures Trading Brokers For Day Trading by Countries
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.