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Best Stock Trading App in Tanzania for 2025

Updated: February 10, 2025

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Fact-checked by

Mirjan Hipolito

Cryptocurrency and stock expert

Go to broker

Your capital is at risk.
Your capital is at risk.

1
Best Stock Apps in Tanzania - eToro

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 in 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 in Tanzania:

•High minimum deposit for users of a number of countries.

•No live chat on the website for quick connection to customer support.

STUDY REVIEW

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2
Best Stock Apps in Tanzania - Revolut

Revolut is a British fintech company that has been providing investors with accounts for trading precious metals, cryptocurrencies, and stocks listed on U.S. exchanges since 2015. The broker offers its clients access to investing in stocks and ETFs on European stock exchanges. For organizations and private clients, the company offers a multi-currency account with the possibility of exchanging currencies at the current inter-bank exchange rate. Revolut is supervised by the Financial Services Authority (FSA).

👍 Advantages of trading with Revolut for traders in Tanzania:

•In addition to stock trades, customers can trade cryptocurrencies and precious metals.

•The broker offers commission-free trading plans.

•The minimum number of shares to buy is 0.00000001.

•There are no minimum deposit requirements.

•Social trading is available, which allows newcomers to the stock market to copy trades of successful traders.

•Communication with the support service via chat is available in the mobile application 24 hours a day.

•There is no fee for opening and maintaining a trading account.

👎 Disadvantages of Revolut for traders in Tanzania:

•Stock trading is currently only available to UK residents.

•Operations in precious metals and cryptocurrencies are not regulated by supervisory authorities.

•The company does not offer fiduciary management of its investment portfolio.

STUDY REVIEW

3
Best Stock Apps in Tanzania - Robinhood

Robinhood is an investment platform founded in April 2013. The platform offers commission-free trading of stocks, exchange-traded funds (ETFs), options, and cryptocurrencies. Robinhood is regulated by the Financial Industry Regulatory Authority (FINRA) in the U.S. and the Financial Conduct Authority (FCA) in the U.K. It is also a member of the Securities Investor Protection Corporation (SIPC) and the Federal Deposit Insurance Corporation (FDIC). With an intuitive interface, the platform simplifies access to financial markets, allowing clients to start investing with as little as $1. Robinhood has continuously expanded its offerings since its launch, recently adding features such as credit cards and a dedicated educational section for beginner investors.

👍 Advantages of trading with Robinhood for traders in Tanzania:

•No commission trading.

•Access to trading stocks, ETFs, options, futures, and cryptocurrencies.

•User-friendly platform.

•Fractional share trading.

•Educational resources for beginner investors.

•Availability of a mobile app.

•Provision of analytical data.

👎 Disadvantages of Robinhood for traders in Tanzania:

•Limited selection of cryptocurrencies.

•No access to international markets.

•Limited advanced technical analysis tools.

STUDY REVIEW

4
Best Stock Apps in Tanzania - ADMIS

ADM Investor Services — ADMIS — is an American Futures Commission Merchant (FCM) broker that provides execution and clearing services for trading futures and options contracts. In 1966, the company became a member of the Chicago Chamber of Commerce. ADMIS in the United States is regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA 0000360). Five subsidiaries in Asia and Europe, as well as ADM Investor Services representative brokers, serve traders around the world.

👍 Advantages of trading with ADMIS for traders in Tanzania:

•The excellent reputation of the company in the USA and globally.

•A wide range of futures contracts in various industries.

•Membership in all major American and international futures exchanges.

•The company is officially regulated by US government commissions.

•The presence of an extensive network of representative brokers and subsidiaries, that gives the possibility to cooperate with ADMIS not only for residents of the United States.

•Free provision of in-depth analytics and high-quality research of the futures markets.

•The company offers many trading platforms that support professional analysis tools.

👎 Disadvantages of ADMIS for traders in Tanzania:

•Strict requirements regarding the minimal deposit.

•Additional non-trading commissions for the deposit and withdrawal of funds and the software provided.

•Absence of training, online chat, and demo accounts.

STUDY REVIEW

5
Best Stock Apps in Tanzania - Zacks Trade

Zacks Trade is a stock broker headquartered in Chicago. The company has been providing investment services and quality analytical research since 1978. It is a division of LBMZ Securities, for which Interactive Brokers provides clearing and execution services. Zacks Trade is regulated by FINRA (CRD#: 7874/SEC#: 8-23266) and SEC, and is a member of SIPC. The broker offers its clients access to trading securities of the USA, Europe and Asia using proprietary platforms with powerful analysis instruments.

👍 Advantages of trading with Zacks Trade for traders in Tanzania:

•The list of countries, the residents of which can open an account, includes 218 states.

•Wide selection of shares of international markets and quoted at the US stock exchanges.

•Reliable regulation by highly respected regulation authorities FINRA and SEC.

•No account service, inactivity or deposit fees.

•Fully digitalized account opening procedure.

•Over 20 base currencies.

•Access to subscription to professional instruments of research from third party providers and specialists of the broker’s own analytical department Zacks Investment Research.

👎 Disadvantages of Zacks Trade for traders in Tanzania:

•At the moment, the broker’s clients cannot trade cryptocurrencies, futures, commodities and Forex instruments. Only shares are available from the securities of foreign exchanges.

•IRA accounts are available only for US tax residents.

•Funds cannot be deposited to the account using debit/credit cards. Also withdrawals to debit/credit cards are not available.

STUDY REVIEW

Best Stock 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.

eToro - Education for Investors

Investment Education Online

Information

eToro pays special attention to the education of traders. The broker’s website features information about what copy trading, leverage and margin are. There are also descriptions of how to buy and sell various types of financial instruments.

Information provided in the Help Center

Information lacking on the eToro’s website

What is Take Profit and how to set it?

What are exchange fees and how are they charged?

How to set effective Stop Loss targets?

Descriptions of investment strategies for working with exchange instruments

What is one-click trading?

How to form an asset portfolio on your own?

How to form watchlists?

How to work with charts and ProCharts?

Upon completion of registration, any trader can create a free demo account with a virtual deposit of $100,000 and practice trading in an entirely risk-free environment.

Revolut - Education for Investors

Investment Education Online

Information

Revolut doesn't offer training programs on the basics of stock trading. But the company's site has a blog section, which contains articles and videos with investment tips from Revolut experts and a description of the nuances of stock trading.

Information provided in the blog section

Information not available on the Revolut website

Financial forecasting

Description of technical indicators

Principles of using the equation of total profit

Stock market terminology

Investment strategy webinars

Economic calendar

Calculation of the main coefficients of profitability

Instructions for cooperation with a broker

The information presented in the Blog section can be useful not only for beginners but also for professional investors.

Robinhood - Education for Investors

Investment Education Online

Information

Robinhood offers extensive educational resources for investors seeking to deepen their understanding of finance and investing. The materials are presented in an accessible format, making them valuable for both beginners and experienced investors.

What is on Robinhood’s website in the Learn section

What is not on Robinhood’s website

Basics of investing in stocks and other stock market assets

In-depth analysis of investment strategies

Strategies of options trading and risk management

Practical exercises and simulations

The article library on technical and fundamental analysis, dividend yield, robo-advisers, etc.

Personalized advice and tips for beginners

Information on tax obligations

Robinhood prioritizes financial education, offering tools to empower clients to make informed investment decisions and manage their finances effectively.

ADMIS - Education for Investors

Investment Education Online

Information

There is no training section on the ADM Investor Services website. The broker is focused on professional market participants, so it is keen on providing quality analytics and market data, rather than educating newbies. Novice investors may find useful the information presented in the Special Offers block of the Market Information section.

Information represented in Special Offers

Information not available on the ADMIS website

Trading charts for 20 popular commodity futures contracts

Glossary of terms related to options and futures

2021 futures market outlook

Principles of trading futures and options contracts

2021 Hightower Commodities Trading Guide

Concepts of speculators and hedgers

E-mini Dow Futures Trading Basics

Principles of work with trading terminals

Explanation on how to read technical charts

Demo accounts are not available to the company’s clients, but everyone has the opportunity to request a demonstration of trading terminals to get acquainted with their selected interface.

Zacks Trade - Education for Investors

Investment Education Online

Information

ZacksTrade website does not feature a separate Education section. The future investors can find useful information in the Support section (the button is in the lower part of the home page of the website). It features the answers to frequently asked questions and video tutorials on how to set up an account, work with platforms, make a deposit and withdraw funds from the accounts.

Information provided in the FAQ section

Information lacking on the Zacks Trade’s website

Personal Account and how to set it up

Glossary

Marginal trading: what are Reg T Margin and Portfolio Margin, size of the margin for options strategies

Basics of securities trading

Everything about account opening

Description of basic investment strategies

Trading conditions: descriptions of platforms, Day Trading requirements, order types

Trading psychology

Trading on a demo account allows you to test and learn about the trading platform, learn to open orders and use built-in technical analysis indicators.

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 Stock Trading App in Tanzania 2025.

	eToro	Revolut	Robinhood	ADMIS	Zacks Trade
Overall score	9.4	9.5	8.2	5.5	6.45
Execution of orders	9.1	9.2	7.9	5.29	6.24
Investment instruments	9.7	9.8	8.5	5.71	6.66
Withdrawal speed	9.5	9.6	8.3	5.35	6.3
Customer Support work	9.3	9.4	8.1	5.65	6.6
Variety of instruments	9	9.1	7.8	5.13	6.08
Trading platform	9.8	9.9	8.6	5.87	6.82
	Study Review	Study Review	Study Review	Study Review	Study Review
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FAQ

If a broker has several platforms, does it mean it offers several apps?

No. If a broker has several trading platforms, there is either an option to switch between them in the app, or only one trading platform is available (usually the proprietary one).

Can a platform function less effectively in the app than in the web version?

The platforms of reliable brokers with good apps work as smoothly as the web version. Therefore, there are almost no instances when the app runs poorly and the web version runs well. That may happen only in case of technical failures, which also happen rarely if the app is good.

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.

How are the apps protected against unauthorized access?

As a rule, in addition to the username and password, other security measures apply, for example two-factor authentication. In this case, you will need to enter a unique code to access your account.