5 Trusted forex brokers for traders in Tanzania

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The Bank of Tanzania administers the foreign exchange reserve to provide enough capital, liquidity, and income.

Tanzania relies heavily on IMF funding due to its poor GDP growth. $7.9 billion. There are many foreign forex brokers in Tanzania to choose from.

The five most trusted are the following:

1. AvaTrade

Overview

AvaTrade is a prominent Forex broker that provides a user-friendly interface for copy trading. AvaTrade customers have access to a number of trading platforms. AvaTrade is regarded as a premier broker.

Features

2. Exness

Overview

Exness was founded in 2008 and is registered and authorised in Seychelles by the FSA, in Cyprus by CySEC and the FCA in the United Kingdom.

The broker offers MT4 and MT5 and a WebTerminal as trading platforms, with more than 130 currency pairs, metals, cryptocurrencies, energies, and Indices as trading instruments.

Pros and Cons

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3. HotForexOverview

HotForex is a multi-asset broker which is headquartered in Cyprus but has regulation through CySEC, FCA< DFSA and FSCA. It offers trade of a wide range of tradable assets.

HotForex offers trading through powerful and flexible platforms and the broker is known for its low trading and non-trading fees, and offering a variety of accounts including being a forex broker with ZAR account.

4. HotForexOverview

HotForex is a multi-asset broker which is headquartered in Cyprus but has regulation through CySEC, FCA< DFSA and FSCA. It offers trade of a wide range of tradable assets.

5. Globex360Overview

Globex360 is a forex broker based in South Africa, which offers trading with Forex and CFDs, indices, precious metals, energy, and cryptocurrencies. The company uses state-of-the-art software to provide clients with the best trading experience.

The company is authorised to provide financial services to clients around the world, complying with the legislation of each country it operates. Globex360 was founded in 2017.