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Best Forex Trading App in Tanzania for 2025

Updated: February 04, 2025

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Fact-checked by

Mirjan Hipolito

Cryptocurrency and stock expert

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	Exness	VT Markets	TeleTrade	Fusion Markets	Tickmill
Trading platform	Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4	MetaTrader4, MetaTrader5, VT Markets App, Web Trader+	MT4, MT5	MT4, MT5, TradingView, WebTrader, cTrader	MT4, MT5, WebTrader, Tickmill Trader
Min deposit	$10	$50	$10	$1	$100
Leverage	From 1:1 to 1:2000	From 1:1 to 1:500	From 1:1 to 1:1000	From 1:30 to 1:500	From 1:1 to 1:1000
Trust management	No	Yes	No	No	No
Accrual of % on the balance	No	No	1.00%%	No	No
Spread	From 0 points	From 0 points	From 0.2 points	From 0.1 points	From 0 points
Level of margin call / stop out	60% / 0%	No	70% / 20%	90% / 20%	100% / 30%
Execution of orders	Market Execution, Instant Execution	Market Execution	Market Execution	Market Execution	Market Execution
No deposit bonus	No	No	No	No	$30
Cent accounts	Yes	No	Yes	No	No

1
Best Forex Apps in Tanzania - Exness

Exness is one of the world’s largest brokers, known for its competitive trading conditions, high security, and wide selection of assets. The company serves over 1 million active clients and processes a monthly volume exceeding $4 trillion.
While specializing in currency pairs, Exness also offers CFDs on stocks, commodities, indices, and cryptocurrencies. The broker caters to all experience levels with various account types – from cent accounts and social trading for beginners to high leverage and Expert Advisor support for seasoned professionals.
Exness holds multiple international licenses, including the stringent FCA and CySEC, ensuring trader funds are protected.
With features like 24/7 support, fast withdrawals, and analytics tools, Exness strives to provide an optimal trading experience.

👍 Advantages of trading with Exness for traders in Tanzania:

•Availability of 8 licenses and a membership in the Financial Commission providing up to EUR 20,000 insurance coverage per client in the event of a force majeure;

•Wide choice of account types — Standard, Standard Cent, Pro, Zero and Raw Spread;

•Wide range of CFDs, including over 100 currency pairs;

•Zero deposit and withdrawal fees (Depends on the payment system);

•Proprietary platforms for active and social trading, as well as all versions of classic MT4 and MT5.

👎 Disadvantages of Exness for traders in Tanzania:

•The broker’s website offers almost no educational materials;

•24/7 support isn’t available in all languages.

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2
Best Forex Apps in Tanzania - VT Markets

VT Markets, established in 2015, is a globally authorized broker that offers traders access to a diverse portfolio of financial assets, including forex, indices, energy, precious metals, soft commodities, and ETF-based CFDs. The broker provides affordable prices and a choice of account options to accommodate a wide range of trading needs

👍 Advantages of trading with VT Markets for traders in Tanzania:

•Financially stable parent company and reliable custodian bank.

•Over 230 assets of different classes are available for trading.

•It allows trading using STP, ECN, and Islamic accounts.

•A wide range of investment solutions from reputable third-party platforms.

•Margin trading with leverage up to 1:500 for cryptocurrency pairs.

•Average trading commissions on ECN and precise market spreads on all account types.

•Access to making trades in desktop and mobile terminals MetaTrader 4/5, as well as in the web version of MT4.

👎 Disadvantages of VT Markets for traders in Tanzania:

•The high minimum deposit for novice traders is $50.

•Lack of access to micro (cent) accounts.

•The list of available assets does not include cryptocurrencies and ETFs.

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3
Best Forex Apps in Tanzania - TeleTrade

TeleTrade is a global broker serving clients worldwide. They offer trading on Forex, indices, stocks, metals,cryptocurrencies, and energies. While lacking PAMM accounts and certain investment options, TeleTrade boasts a robust copy trading service, a strong affiliate program, and diverse account types (ECN, NDD, crypto). With sufficient leverage (up to 1:1000) and spreads from 0 pips, the broker caters to various trading styles, including scalping, intraday trading, and medium to long-term strategies.
TeleTrade supports traders with market analytics, expert forecasts, an economic calendar, and a comprehensive education section on their website.

👍 Advantages of trading with TeleTrade for traders in Tanzania:

•detailed analytical section;

•informative training section;

•Invest Start risk-free investment service;

•interest accrual on deposit;

•copytrading service;

•several affiliate programs with high payouts.

👎 Disadvantages of TeleTrade for traders in Tanzania:

•no PAMM accounts or other money management options;

•few withdrawal options;

•support is available 24/5;

•withdrawals delayed;

•technical support responds slowly;

•sometimes it takes a long time to verify data.

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4
Best Forex Apps in Tanzania - Fusion Markets

Fusion Markets is a young broker from Australia. It was created in November 2017 and began to provide full services in 2019. The company offers to trade in currency pairs and CFDs. Headquartered in Cremorne, Melbourne, Australia, the broker is regulated by ASIC (Australian Securities and Investment Commission, 385620), FSA (Financial Services Authority of Seychelles, SD096) and VFSC (Vanuatu Financial Services Commission, 40256).

👍 Advantages of trading with Fusion Markets for traders in Tanzania:

•Reliable regulation;

•No non-trading fees;

•Diversity of financial instruments.

👎 Disadvantages of Fusion Markets for traders in Tanzania:

•Limited educational opportunities;

•No cent accounts;

•Inability to trade with bonus funds.

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5
Best Forex Apps in Tanzania - Tickmill

Tickmill is a reputable broker offering access to trading Forex, stock indices, commodities, bonds, and cryptocurrencies. Furthermore, the broker boasts an extensive selection of over 500 stock CFDs.
There are three account types: Classic Account with spreads from 1.6 pips and no commission, and two Raw Accounts with spreads from 0 pips and a commission from $3 per lot. All accounts require a minimum deposit of $100 and provide a maximum leverage of 1:1000.
The broker also provides a variety of useful tools, such as Acuity Trading, Signal Centre, and Capitalise.ai, which utilize AI to offer valuable market insights and trading signals.
Tickmill's regulation by the FCA and CySEC ensures the safety and security of client funds.

👍 Advantages of trading with Tickmill for traders in Tanzania:

•spreads from 0 pips;

•any strategy is allowed;

•protection against negative balance;

•mobile app trading platform.

👎 Disadvantages of Tickmill for traders in Tanzania:

•the customer support works only 5 days a week from 7:00 to 16:00 GMT;

•relatively small choice of currency pairs;

•there is no cent account;

•there is no trust management;

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Best Forex Trading App in Tanzania 2025: Education for Investors

When choosing the app, it is important to consider educational tools offered by brokers. TU analysts prepared a comparison of educational programs.

Exness - Education for Investors

Investment Education Online

Information

Currently, Exness doesn’t provide training for novice traders. If you want to learn basic Forex and CFD concepts, go to the Help section of the website. To develop practical trading skills, open a demo account. The company provides extensive information on the basics of trading, helping each client understand how orders are executed, what influences asset prices, and the fundamentals of technical analysis, including identifying critical chart patterns.

VT Markets - Education for Investors

Investment Education Online

Information

The VT Markets website has a lot of useful information for novice traders. It is placed in the Education and FAQs sections. There are also instructional videos on the site that explain the basic concepts of Forex.

Information available in the Education section

Information not available on the VT Markets website

Forex basics

Glossary in alphabetical order

Technical and fundamental analysis

How to get passive income in the Forex market

The psychology of Forex trading

Trading strategy: What it is and how to apply it

MT4 and MT5 manuals

How to apply Trading Central tools

An effective training tool is a demo account, through which you can practice making transactions without the risk of losing money.

TeleTrade - Education for Investors

Investment Education Online

Information

The TeleTrade website features a large educational section where every trader can find information for successful Forex trading and more. The broker provides information on the basics of analysis, trading strategies, and also offers educational courses, video tutorials. The company also holds webinars.

Information available in the Education Section

Information not available on the TeleTrade website

Forex for dummies

There are no video tutorials on working with MT4

Fundamental market analysis

Market technical analysis

Indicators

Strategies

Features of trading instruments

You can test the knowledge you gained on the TeleTrade website by using a demo account. The broker’s specialists believe it can give novice traders the experience and skills to trade on a live account.

To support traders, a separate analytical section has been created on the website with an economic calendar, news and market overview.

Fusion Markets - Education for Investors

Investment Education Online

Information

There is no separate training section on the Fusion Markets website. This broker's website cannot be called informative because of its lack of training courses. Blog articles are published on average once a month, and information about trading instruments may not correspond to reality. So, for example, at the time of this writing, the site did not have conditions for trading CFDs on Share, although there is such an opportunity, as you can see from the list of available MetaTrader tools.

The most informative source of educational information from a broker is the Youtube channel.

Information provided in the Youtube channel section

Information not available at the Fusion Markets site

How to install Metatrader, how to use the terminal, basic operations

In-depth knowledge of Forex, stock markets

Basic information on the Forex market

Descriptions of trading strategies

How to use a brokerage account, basic operations

Trading psychology

How to use the services of a broker via a smartphone

How to manage risks

How to use the services of strategy providers to automatically copy trades

The broker does not have cent accounts, so the only way to consolidate the knowledge gained in practice will be training on a demo account.

Tickmill - Education for Investors

Trading Education Online

Information

The website of Tickmill has an extensive educational section where traders can get useful information for successful trading. The company provides educational material on the basics of market analysis, trading strategies as well as articles on fundamental and technical analysis and market insights on its blog. It conducts live webinars in various languages and seminars, offers e-books and video tutorials.

Information available in the Education section

Unavailable information at Tickmill site

Analysis of trading instruments, technical and fundamental analysis

There is no detailed analysis of each question in the articles at the site

Basics of working with a trading terminal and indicators

No details on trading strategies

E-books on currency pairs, trading costs, how to become an IB and risk management

Infographics on the impact of various events on the economy

Glossary of terms and webinars

To use the knowledge gained at the Tickmill's website in the real-case scenario, the company's experts advise you to practice on a demo account. This will allow novices to gain experience and master trading without risks.

To support traders, the company has created an extensive analytical section with an economic calendar and useful calculators.

Summary

In this review, you had an opportunity to learn about the features of 5 brokers, which traders in Tanzania choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Forex Trading App in Tanzania 2025.

	Exness	VT Markets	TeleTrade	Fusion Markets	Tickmill
Overall score	8.52	6.71	6.73	8.18	7.94
Execution of orders	9.6	4.59	3.21	7.95	9.1
Investment instruments	10	9.5	4.7	9.2	9.8
Withdrawal speed	7	6	7	10	7
Customer Support work	9.29	6.15	8.41	7.37	6.51
Variety of instruments	8.02	7.02	8.75	8.02	8.02
Trading platform	7.21	7.02	8.29	6.55	7.21
	Study Review	Study Review	Study Review	Study Review	Study Review
	Open an account Your capital is at risk.	Open an account Your capital is at risk.	Open an account Your capital is at risk.	Open an account Your capital is at risk.	Open an account Your capital is at risk.

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FAQ

Is it possible to register with a broker using the mobile app?

Yes. Brokers provide an opportunity to open an account and pass verification directly in the mobile app.

Are there updates for the apps of brokers?

Yes. Mobile apps of brokers are regularly updated and it is very important to update them in the view of proper operation of services.

Are there versions of the apps for tablets?

In some cases, Forex brokers develop separate versions of apps for smartphones, tablets and even for TV sets.

If I remove the app from my phone and then reinstall it, will I lose the information?

No. The information is stored in the user account on the server. You will need to enter your username and password, pass two-factor authentication (if applicable) and you will have full access to your information.