Trading in financial markets requires the right choice of a broker, as security of traders’ funds, profit/loss and opportunities depend on it. Before you start working with a company, it is important to comprehensively assess it. Traders Union analysts have already done it for you. The experts prepared a review of the Best Futures Trading Brokers in Tanzania for 2025. Five companies that enjoy huge popularity in Tanzania were selected and compared between each other.
1
eToro - Best in Tanzania for 2025
You can use eToro to invest in more than 3,000 stock assets, including at zero fee. The minimum deposit and leverage vary depending on the country of registration of a trader. Trading is available in mobile apps and on the web platform on any device. You can deposit and withdraw money via bank transfer and electronic payment systems. The broker offers margin trading, various bonuses and partner rewards.
2
FBS - Best in Tanzania for 2025
The FBS brokerage company offers very attractive trading conditions for traders living all over the world. The minimum trade volume is 0.01 lot for all trading accounts. The minimum deposit is USD 5 and the spread from 0.7 pips. Traders can connect swap-free (an Islamic account) option to all live accounts, allowing them to trade according to Sharia law. Popular and exotic currency pairs, indices, futures, and metals are offered as trading instruments.
3
InstaForex - Best in Tanzania for 2025
Trading conditions depend on the regulation of the broker:
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FSC. The conditions are more loyal here. With a $1 deposit you can open positions on almost any asset with leverage of up to 1:1000. This broker also offers PAMM accounts and a social trading service. This means that clients invest money in traders and their signals, traders in their turn are successful in trading and earn on fees as well.
Note how the lot volume is being calculated. In the FAQs, you can find information that the broker uses lots of 10,000 basic units instead of standard 100,000 units. This provides for a reduced pip’s value.
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CySEC. The conditions here are stricter due to regulators’ requirements. The minimum deposit is $200 and leverage is up to 1:30 without a confirmed professional trader status. There are managed diversified stock portfolios and synthetic stocks/ETFs instead of PAMM accounts and social trading.
Spreads are from 0 pips subject to the account type and the asset, regardless of the regulator.
4
IronFX - Best in Tanzania for 2025
IronFX is regulated by multiple reliable bodies, in particular CySEC, FCA, FSCA. IronFX provides clients with the best terms for active trading. The minimum amount for replenishing an account is $100, the leverage is 1:30. IronFX offers demo accounts so traders can test the platform and practice strategies. The Company serves retail and institutional customers from over 180 countries.
5
Equiti Group Ltd - Best in Tanzania for 2025
Equiti provides two types of ECN accounts for trading, 66 currency pairs, 6 precious metals (including gold and silver), 37 CFDs on indexes, and 240+ CFDs on stocks. Clients are given a fixed leverage. Floating spreads are available on both types of accounts, with the EUR/USD pair starting at 1.6 pips on Executive; and 0.0 pips on Premiere. The type of order execution is market execution. It is allowed to use automatic expert advisors (EAs). The client can trade both standard and micro-lots. The minimum deposit amount depends on the type of account selected. It is $500 for the Executive account and $20,000 for the Premiere account.
TU Expert Review for the best Futures Trading Brokers in Tanzania
Financial expert and analyst at Traders Union
Anton joined Traders Union as a financial expert and analyst in 2013. He performs comprehensive internal testing of brokers as a trader. Essentially, Anton “test drives” brokers: he checks the operation of the website and user account, the speed and effectiveness of customer support team, stability of the software, deposit and withdrawal processing times, legal documents of companies and also all additional services (VPS, affiliate programs, contests, bonuses, educational programs, etc.). Based on the results of his “inspections”, he prepares expert conclusions about the operation of brokerage companies in the Forex, stock and binary option markets and also of the cryptocurrency exchanges.
His opinion as for the best Futures Trading Brokers in Tanzania is posted below.
eToro - TU Expert Review
eToro is an international brokerage company offering services all across the world. Every registered office adjusts the conditions to suit local traders to enable them to trade on beneficial conditions. The minimum deposit starts from $50 USD and variates depending on the country of residence of a trader. In particular, the minimum deposit for residents of the US, the UK and France is $100 USD. The broker provides retail clients with a negative balance protection and restrictions on opening positions with insufficient margin. The clients can also contact the Financial Ombudsman Service. Investments of traders from a number of European countries are protected by compensation funds. The leverage on eToro varies depending on the type of asset and the registered office chosen for trading. In particular, traders, who chose the office regulated by CySEC or FCA can trade indices with a leverage of 1:10-1:20, ETFs – 1:5. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk
FBS - TU Expert Review
The FBS broker fulfills its obligations as a partner to Traders Union and is recognized by the members of the Union as a company that offers clients optimal trading conditions under a single trading account with Demo account and Swap-free features available. This allows its clients to choose the best option based on the trading strategy and financial instrument, as well as individual requirements. The broker provides all traders with negative balance protection. Considering all this, we can say that the FBS broker is suitable for both novice traders and professionals of foreign exchange trading. It should be noted that the company's support service works around the clock, 7 days a week, and you don't have to wait long for an answer. The broker's website is simple, you can understand it intuitively.
InstaForex - TU Expert Review
The InstaForex Team is professional and reliable. I highly recommend this service. They offer optimal trading conditions that are suitable for both novice and professional traders. Clients can work with various types of accounts, use a minimum order of 0.01 lots and more than over 2,500 Forex trading instruments. InstaForex has been working with the Traders Union for many years. We analyzed thousands of customer reviews which were overall positive. Many customers were particularly impressed with their excellent customer service. One such customer said “Its experts are doing everything to solve the financial and technical problems encountered by users as soon as possible”. The user-friendly interface of the website allows you to quickly find and analyze relevant information on both active and passive trading. InstaForex always cares about its customers - it provides favorable conditions for trading, as well as Customer support in an expeditious manner. It is these features that gives it a high rating of reliable Forex brokers of the Traders Union.
IronFX - TU Expert Review
Over the years of cooperation with Traders Union, IronFX has established itself as a partner that strictly fulfills its obligations. The broker offers accounts for both beginners and professionals. The IronFX website has a convenient multilingual interface. Data on trading conditions are presented in full and described in as much detail as possible. In the process of working with IronFX, clients can trade the following financial instruments: currencies, metals, indices, commodities, futures, and stocks.
Equiti Group Ltd - TU Expert Review
The Equiti Group offers two types of trading accounts. They differ not only in the level of spreads but also in the size of the minimum deposit. The company uses a stop-out system. If the trader's trading account balance falls below 30% of the required margin for an open position, the system automatically starts closing orders. The broker closes the positions that can cause the most losses to the client first. Traders who want to trade currency pairs with spreads starting at 0.0 pips must open a Premiere account and deposit $20,000 or more. Along with that, there is an additional trading fee on accounts of this type. It is calculated using the nominal value of the currency. The fee for Forex assets is $70 per $1 million, and the fee for metals is $7 per 1 lot of turnover. If a trader buys or sells any currency (except US dollars), the broker calculates the fee by converting the number of lots bought or sold in nominal currency into US dollars. The official website and user account of Equiti Group are available in four languages, while client support service is available in nine. Although the company does not provide VPS services, clients can obtain servers from third-party providers. The broker also allows clients to apply various strategies, including high-frequency and algorithmic trading using expert advisors.
Summary
Many brokers operate in Tanzania, but not all of them are reliable or offer attractive trading conditions. TU experts selected 5 companies and rated them based on collected data. By reviewing them, you will learn about the Best Futures Trading Brokers in Tanzania 2025 and will be able to evaluate the pros and cons of its closest competitors.
Overall score of the best Futures Trading Brokers in Tanzania
eToro | FBS | InstaForex | IronFX | Equiti Group Ltd | |
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Overall score |
9.4 |
7.89 |
7.88 |
7.25 |
6.89 |
Execution of orders |
9.1 |
9.5 |
8.85 |
6.85 |
6.35 |
Investment instruments |
9.7 |
9.2 |
9.3 |
9.7 |
9.8 |
Withdrawal speed |
9.5 |
5 |
5 |
8 |
8 |
Customer Support work |
9.3 |
7.58 |
7 |
7.03 |
5.41 |
Variety of instruments |
9 |
7.02 |
8.02 |
8.02 |
6.12 |
Trading platform |
9.8 |
9.03 |
9.1 |
3.88 |
5.64 |
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FAQ
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.
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.
What is a demo account and why is it important?
On a demo account, you trade by using virtual funds. It is important to choose a broker offering a demo account both for beginners, who are only learning, and for experienced traders, who can use this account type to test new strategies or EAs risk-free.
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.
Best Futures Trading Brokers by Countries
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.