Compare forex brokers for traders in Tanzania

By the Rateweb editorial team · How we rate · Product details checked 2 Aug 2026

Compare forex and CFD brokers that accept traders in Tanzania on spreads, leverage, funding methods and regulation. Check which regulated entity onboards local clients — trading forex and CFDs carries a high risk of loss.

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FXTM (ForexTime)

Tanzanian clients are served by Exinity Limited, licensed by the Financial Services Commission of Mauritius, not by any Tanzanian regulator. The same group holds an FSCA licence in South Africa, which is unusual on-continent regulatory visibility, but it gives a Tanzanian client no local recourse.
★★★★☆
3.8/5 · How we rate
Exinity Limited, Financial Services Commission of Mauritius (Investment Dealer C113012295); group also holds FSCA South Africa FSP 50320. No Tanzanian licence.
Regulator (Local Clients)
Not verified in this research - check whether TZS funding or mobile money is offered before you open an account.
Local Currency Support
Web and mobile trading platforms; the exact platform list was not read during this research.
Platforms
Tanzanians who want the covering entity and its licence number stated plainly so they can check it themselves.
Best For
forex
Type
Pros
  • The covering entity is named openly as Exinity Limited with a Mauritius FSC investment dealer licence number you can look up.
  • The same group holds a South African FSCA licence (FSP 50320), a rarer on-continent regulatory footprint than most offshore brokers can show.
  • FXTM publishes an explicit list of jurisdictions it will not serve, and Tanzania is not on it.
Cons
  • Most retail investors lose money trading leveraged CFDs; treat any advertised return or success story with scepticism.
  • A Mauritius FSC licence offers limited protection to a Tanzanian client - there is no local ombudsman, deposit guarantee or compensation scheme you can turn to.
  • Tanzania's CMSA does not license retail forex or CFD dealers, so any dispute would have to be pursued offshore, in another jurisdiction, at your own cost.
Fees, eligibility & documents
Fees
Spreads and commissionsNot verified in this research; compare the live account types on FXTM's own site before opening an account.
Deposit and withdrawal chargesNot verified; payment-method costs and currency conversion are often the largest real cost for African clients.
Eligibility
  • Aged 18 or over and resident in a country Exinity Limited serves - Tanzania is not on its published exclusion list.
  • Able to complete identity and address verification to the broker's standard.
  • Able to fund an offshore account from Tanzania, which in practice may mean a card or e-wallet rather than a local bank transfer.
Documents needed
  • Government-issued photo ID (passport, national ID or driving licence)
  • Recent proof of address
  • Proof of ownership of the payment method used to fund the account, if requested
Visit FXTM Full details & review →

Tickmill

Clients outside the broker's UK, EU and South African entities are taken on by Tickmill Ltd, regulated by the Seychelles Financial Services Authority. The group's FCA and CySEC licences sit over other entities and do not cover a Tanzanian account.
★★★★☆
3.9/5 · How we rate
Tickmill Ltd, Financial Services Authority of Seychelles (SD008). Group entities under FCA UK (717270), CySEC (278/15) and FSCA South Africa (49464) do not cover Tanzanian clients.
Regulator (Local Clients)
Not verified in this research - check funding options for TZS or mobile money before opening an account.
Local Currency Support
Margin trading on the group's platforms; the exact platform list was not read during this research.
Platforms
Traders who want a broker group with a genuine tier-one licence somewhere in it, while understanding their own account sits offshore.
Best For
forex
Type
Pros
  • The group structure and every licence number are published, so you can verify which entity would actually hold your money.
  • Tickmill's stated exclusions name only Singapore, the United States, Iran, India and Japan, so Tanzania is not an excluded jurisdiction.
  • The presence of FCA and CySEC licences elsewhere in the group indicates the operator has passed a tier-one authorisation somewhere, even if that is not the entity serving you.
Cons
  • Most retail investors lose money trading leveraged products, and Tickmill's own warning is that losses can exceed your initial investment.
  • Your account would sit with the Seychelles FSA entity, and Seychelles regulation offers limited practical protection and no compensation scheme for a Tanzanian client.
  • The FCA, CySEC and FSCA licences the brand is best known for do not extend to a Tanzanian account, which is easy to misread from the marketing.
Fees, eligibility & documents
Fees
Spreads and commissionsNot verified in this research; account types differ and should be compared on Tickmill's own site.
Funding and withdrawal costsNot verified; cross-border payment and conversion costs typically dominate for East African clients.
Eligibility
  • Aged 18 or over and not resident in Singapore, the United States, Iran, India or Japan.
  • Able to pass identity and address verification.
  • Able to move money to an offshore broker from Tanzania and satisfy your bank's questions about it.
Documents needed
  • Government-issued photo ID
  • Recent proof of address
  • Payment-method verification where requested
Visit Tickmill Full details & review →

Ratings are Rateweb's editorial opinion. Product details can change — always confirm with the provider before applying. Rateweb may earn a commission on some applications. This is general information, not financial advice.

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