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Best international online brokers in Senegal in 2022

Interactive Brokers Logo
1st place
Interactive Brokers
XTB Logo
2nd place
XTB
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76% of retail CFD accounts lose money
eToro Logo
3rd place
eToro
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Your capital is at risk

To help you to find the best international online brokers in Senegal in 2022, we went ahead and did the research for you. We selected 102 quality online brokers, checked and compared basically every aspect of their services, with a special focus on fees, safety, trading platforms, as well as deposit and withdrawal options. Service providers had to prove their excellence in multiple areas to be considered among the best online brokers. And now, without further ado...

Top 5 picks for best international online brokers in Senegal in 2022:

  1. Interactive Brokers is the best international online brokers in Senegal in 2022. Low trading fees. Wide range of products. Many great research tools.
  2. XTB takes second place. Low forex CFD fees, commission-free stocks/ETFs for some. Free and fast deposit and withdrawal. Easy and fast account opening.
  3. eToro rounds out the top three. Free stock and ETF trading. Seamless account opening. Social trading.
  4. Capital.com is numero quattro. Low forex CFD fees and commission-free real stocks. Great account opening experience. Excellent email and chat support.
  5. ActivTrades just made it to the list in fifth place. Low trading fees. Excellent account opening. Free deposit and withdrawal.
Best international online broker in Senegal in 2022
Broker Info Score Minmum deposit
#1 Interactive Brokers International broker providing all asset classes 4.9 $0
#2 XTB Global CFD broker 4.7 $0
#3 eToro Global social trading broker 4.8 $10
#4 Capital.com Global CFD broker 4.7 $20
#5 ActivTrades Global CFD and forex broker 4.6 $500

What makes a good online broker? Surely, they need to provide great services in all areas, especially in terms of fair fees and safety. Depositing and withdrawing money should be either free or cheap and the process user-friendly. Great trading platforms, an easy account opening procedure and a wide range of products also weighed heavily in the scoring.

These features are easy to list, but hard to figure out. We are testing brokers based on nearly 500 criteria with real accounts and real money. You can find all the ranking criteria in our methodology.

For a tailored recommendation, check out our broker finder tool. Answer a few simple questions and get a list of the most relevant brokers.

And now, let's see the best international online broker in Senegal in 2022 one by one, starting with the winner, Interactive Brokers.

Interactive Brokers Logo

#1 Best international online broker in Senegal in 2022
Interactive Brokers

Interactive Brokers, one of the biggest US-based discount brokers, was founded in 1977. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

Given that the broker has licenses from multiple top-tier regulators, has a long track record and publicly disclosed financials while being listed on a stock exchange; it all points towards IB being a safe service provider.

Interactive Brokers recently launched a new app for global stock trading: read our review of IBKR GlobalTrader.

In addition, Interactive Brokers also has an app you can use for ESG investing: read our review of IMPACT by Interactive Brokers.

Recommended for traders looking for broad market access and a professional trading environment

Pros Cons
Low trading fees Complicated account opening process
Wide range of products Complex desktop trading platform
Many great research tools Understaffed customer service

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#1 Interactive Brokers
Fees
4.5

Interactive Brokers has low trading fees and the best margin rates in the industry. For US clients, stock and ETF trading is free if they choose the Lite plan.
Pros Cons
Low trading fees None
Free stock and ETF trading for US clients
Low margin rates
Interactive Brokers fees
Interactive Brokers XTB eToro Capital.com ActivTrades
US stock $1.0 $0.0 $0.0 $0.0 -
UK stock $4.2 $0.0 $0.0 $0.0 -
EURUSD benchmark fee $10.4 $8.0 $7.8 $8.7 $6.9
US stock index options $6.5 - - - -
Mutual fund $15.0 - - - -
S&P 500 index CFD fee $2.8 $2.2 $1.5 $3.6 $0.9

All commissions, spreads and financing rates (if applicable) for opening a position, holding for a week, and closing.

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#1 Interactive Brokers
Mobile trading platform
3.5

The Interactive Brokers mobile trading platform boasts a lot of functions and a useful chatbot, but its user interface could be better.
Pros Cons
Two-step (safer) login Minor technical glitches
Good variety of order types
Price alerts
Best international online brokers for in Senegal in 2022 - Interactive Brokers trading platform

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#1 Interactive Brokers
Deposit and withdrawal
3.0

Interactive Brokers offers several account base currencies and one free withdrawal per month. The main drawback is that you can only use bank transfer.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies
First withdrawal free each month
Interactive Brokers withdrawal fee and options
Interactive Brokers XTB eToro Capital.com ActivTrades
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes Yes Yes
Electronic wallets No No Yes Yes Yes
Withdrawal fee $0 $0 $5 $0 $0

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XTB Logo

#2 Best international online broker in Senegal in 2022
XTB

XTB is a global CFD broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority (FCA). In addition, XTB is listed on the Warsaw Stock Exchange, and as such is required to regularly disclose its financials.

XTB is considered safe because it has a long track record, is listed on a stock exchange and publishes its financial statements transparently.

HEADS UP: Recent feedback about deposit and withdrawal – The details of depositing by wire transfer might be unclear for some of our users according to recent feedback we received. If you have problems, head to the 'Deposit and withdrawal' section of the review, where we explain how to make a free wire deposit to your XTB account under the section's 'Deposit and fees and options' heading.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service

Pros Cons
Low forex CFD fees, commission-free stocks/ETFs for some Product portfolio limited mostly to CFDs
Free and fast deposit and withdrawal Inactivity fee charged
Easy and fast account opening

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76% of retail CFD accounts lose money

#2 XTB
Fees
4.3

Forex fees are low, in many cases there's no withdrawal fee, and some clients are eligible for free stock and ETF trading. However, there's an inactivity fee.
Pros Cons
Free stocks/ETFs up to €100k monthly volume Inactivity fee
Low forex and stock index CFD fees
Most bank transfer withdrawals are free
XTB fees
Interactive Brokers XTB eToro Capital.com ActivTrades
US stock $1.0 $0.0 $0.0 $0.0 -
UK stock $4.2 $0.0 $0.0 $0.0 -
EURUSD benchmark fee $10.4 $8.0 $7.8 $8.7 $6.9
US stock index options $6.5 - - - -
Mutual fund $15.0 - - - -
S&P 500 index CFD fee $2.8 $2.2 $1.5 $3.6 $0.9

All commissions, spreads and financing rates (if applicable) for opening a position, holding for a week, and closing.

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76% of retail CFD accounts lose money

#2 XTB
Mobile trading platform
4.4

The XTB mobile trading app has a good search function and a modern design. On the other hand, there is no two-step authentication.
Pros Cons
User-friendly No two-step (safer) login
Price alerts
Modern design
Best international online brokers for in Senegal in 2022 - XTB trading platform

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76% of retail CFD accounts lose money

#2 XTB
Deposit and withdrawal
4.5

XTB deposits and withdrawals are fast and mostly free. You can do deposits/withdrawals through bank transfers, credit/debit cards, and electronic wallets.
Pros Cons
Credit/Debit card available Few minor account currencies accepted
Deposits/withdrawals are mostly free
E-wallets available
XTB withdrawal fee and options
Interactive Brokers XTB eToro Capital.com ActivTrades
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes Yes Yes
Electronic wallets No No Yes Yes Yes
Withdrawal fee $0 $0 $5 $0 $0

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76% of retail CFD accounts lose money

eToro Logo

#3 Best international online broker in Senegal in 2022
eToro

eToro is a well-known Israeli fintech company and a social trading broker, established in 2007.

Check out our eToro review tailored to the needs of beginner investors and traders.

eToro serves UK clients through a unit regulated by the Financial Conduct Authority (FCA) and Australians through an Australian Securities and Investment Commission (ASIC)-regulated entity. All other customers are served by a Cypriot unit that is regulated by the Cyprus Securities and Exchange Commission (CySEC).

eToro is not listed on any stock exchange, does not disclose its annual report on its website and does not have a bank parent.

Being regulated by the top-tier FCA and ASIC is a good sign for eToro's safety.

HEADS UP: Minimum deposit based on residency and account activation – Be sure to check the minimum deposit that is required to activate your account. After uploading your documents, a deposit is also needed in order to make trades. The amount of the deposit required is based on your residency, and ranges from $10 to $10,000. More details are available in the review’s Account opening section.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero commission stock trading

Pros Cons
Free stock and ETF trading High non-trading fees
Seamless account opening Only one account base currency
Social trading Customer support should be improved

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#3 eToro
Fees
4.4

eToro offers free stock and ETF trading, while forex and CFD fees are low. On the negative side, non-trading fees are high, including a $5 withdrawal fee.
Pros Cons
Low trading fees Inactivity fee
Free stock and ETF trading $5 withdrawal fee
Low forex and CFD fees
eToro fees
Interactive Brokers XTB eToro Capital.com ActivTrades
US stock $1.0 $0.0 $0.0 $0.0 -
UK stock $4.2 $0.0 $0.0 $0.0 -
EURUSD benchmark fee $10.4 $8.0 $7.8 $8.7 $6.9
US stock index options $6.5 - - - -
Mutual fund $15.0 - - - -
S&P 500 index CFD fee $2.8 $2.2 $1.5 $3.6 $0.9

All commissions, spreads and financing rates (if applicable) for opening a position, holding for a week, and closing.

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Your capital is at risk

#3 eToro
Mobile trading platform
4.7

eToro's mobile platform is well-designed, intuitive and considered safe thanks to the two-step and biometric login functions.
Pros Cons
Two-step (safer) login None
Good search function
Touch/Face ID login
Best international online brokers for in Senegal in 2022 - eToro trading platform

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Your capital is at risk

#3 eToro
Deposit and withdrawal
3.9

Depositing money is easy, with a lot of available options, although there is a $5 withdrawal fee. As only USD accounts are available, you may pay a high conversion fee if you deposit or withdraw in another currency, like EUR or GBP.
Pros Cons
Credit/Debit card available Only one account base currency
User-friendly $5 withdrawal fee
Conversion fee for non-USD deposits
eToro withdrawal fee and options
Interactive Brokers XTB eToro Capital.com ActivTrades
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes Yes Yes
Electronic wallets No No Yes Yes Yes
Withdrawal fee $0 $0 $5 $0 $0

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Your capital is at risk

Capital.com Logo

#4 Best international online broker in Senegal in 2022
Capital.com

Capital.com is a global CFD broker founded in 2016. It has offices located in the United Kingdom, Cyprus, Australia, Seychelles and Gibraltar, where each is authorized and regulated locally by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Financial Services Authority of Seychelles (FSA), respectively.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.40% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for investors and cfd traders looking for a great trading platform and excellent customer service

Pros Cons
Low forex CFD fees and commission-free real stocks High stock index CFD fees
Great account opening experience Only CFD, real stock, and spread betting (for UK clients) available
Excellent email and chat support Smaller account currencies not available

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81.40% of retail CFD accounts lose money

#4 Capital.com
Fees
4.4

Forex CFD fees are low and some clients can trade real stocks for free, but stock index CFD fees (spreads plus overnight fees) are high. As a plus, there are no inactivity or withdrawal fees.
Pros Cons
Low forex CFD fees High stock index CFD fees (spreads plus overnight fees)
Commission-free real stocks (with tight spreads)
No withdrawal or inactivity fee
Capital.com fees
Interactive Brokers XTB eToro Capital.com ActivTrades
US stock $1.0 $0.0 $0.0 $0.0 -
UK stock $4.2 $0.0 $0.0 $0.0 -
EURUSD benchmark fee $10.4 $8.0 $7.8 $8.7 $6.9
US stock index options $6.5 - - - -
Mutual fund $15.0 - - - -
S&P 500 index CFD fee $2.8 $2.2 $1.5 $3.6 $0.9

All commissions, spreads and financing rates (if applicable) for opening a position, holding for a week, and closing.

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81.40% of retail CFD accounts lose money

#4 Capital.com
Mobile trading platform
4.9

Capital.com's mobile trading platform is user-friendly, has a modern design, provides two-step login as well as price alerts.
Pros Cons
User-friendly None
Two-step (safer) login
Good search function
Best international online brokers for in Senegal in 2022 - Capital.com trading platform

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81.40% of retail CFD accounts lose money

#4 Capital.com
Deposit and withdrawal
4.5

Deposits and withdrawals are free at Capital.com and many options are provided, including Apple Pay or PayPal. However, only five account base currencies are available.
Pros Cons
Credit/Debit card available Minor account currencies not available
Free withdrawal
No deposit fee
Capital.com withdrawal fee and options
Interactive Brokers XTB eToro Capital.com ActivTrades
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes Yes Yes
Electronic wallets No No Yes Yes Yes
Withdrawal fee $0 $0 $5 $0 $0

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81.40% of retail CFD accounts lose money

ActivTrades Logo

#5 Best international online broker in Senegal in 2022
ActivTrades

ActivTrades is a global forex broker founded in 2001. It is regulated among others by the UK's Financial Conduct Authority (FCA) and the Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg.

ActivTrades having a long track record and being regulated by the FCA, a top-tier financial authority, are all good signs for its safety.

ActivTrades operates both UK and EU websites (under the co.uk and .eu domains), as well as an international one (.com). Some products, fees and conditions may differ depending on the entity concerned.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal conditions

Pros Cons
Low trading fees Slim product portfolio
Excellent account opening Basic research tools
Free deposit and withdrawal Inactivity fee

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73-85% of retail CFD accounts lose money

#5 ActivTrades
Fees
4.5

ActivTrades has low trading fees and average non-trading fees. As a plus, it charges no deposit and withdrawal fees in most cases.
Pros Cons
Low trading fees Inactivity fee
No withdrawal fee Conversion fee
ActivTrades fees
Interactive Brokers XTB eToro Capital.com ActivTrades
US stock $1.0 $0.0 $0.0 $0.0 -
UK stock $4.2 $0.0 $0.0 $0.0 -
EURUSD benchmark fee $10.4 $8.0 $7.8 $8.7 $6.9
US stock index options $6.5 - - - -
Mutual fund $15.0 - - - -
S&P 500 index CFD fee $2.8 $2.2 $1.5 $3.6 $0.9

All commissions, spreads and financing rates (if applicable) for opening a position, holding for a week, and closing.

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73-85% of retail CFD accounts lose money

#5 ActivTrades
Mobile trading platform
3.9

ActivTrades has its own great mobile trading platform. It is well-designed and user-friendly with a good search function. However, it lacks a safer two-step login and price alerts.
Pros Cons
User-friendly No two-step (safer) login
Good search function No price alerts
Touch/Face ID login
Best international online brokers for in Senegal in 2022 - ActivTrades trading platform

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73-85% of retail CFD accounts lose money

#5 ActivTrades
Deposit and withdrawal
4.5

ActivTrades offers mostly free deposit and withdrawal options, including bank transfer, credit card and various e-wallets. On the negative side, minor currencies are not offered.
Pros Cons
Credit/Debit card available Minor account currencies not available
Free withdrawal
No deposit fee
ActivTrades withdrawal fee and options
Interactive Brokers XTB eToro Capital.com ActivTrades
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes Yes Yes
Electronic wallets No No Yes Yes Yes
Withdrawal fee $0 $0 $5 $0 $0

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73-85% of retail CFD accounts lose money

Best international online brokers for in Senegal in 2022
What makes a good online broker

Now that you know the top 5, you probably want to know how we came up with this list. Let's go through a few points quickly.

Are these brokers reliable?

Absolutely. You can be sure none of them is a scam. They are all regulated by at least one top-tier regulator.

How did BrokerChooser pick the best online brokers?

At BrokerChooser, we test online brokers based on more than 500 criteria, with real accounts and real money. We don't want to overwhelm you, so we will list only the top 5 criteria.

The 5 most important criteria for best international online brokers in 2022
1. Fees Trading fees for a given stock trade can be 50 times higher at one online broker compared to another. The brokers listed here all have low fees.
2. Deposit and withdrawal At some online brokers, funding and withdrawing funds can take much longer and be much more expensive than at others.
3. Trading platform A user-friendly and well-equipped trading platform can significantly increase your trading comfort.
4. Account opening Some online brokers require a minimum deposit to start investing while others don't ask for a fix first-time deposit. Check these requirements before opening an account.
5. Markets and products Want to invest in Japanese stocks or trade Bitcoin? They are not be available at each broker. We selected brokers with a wide range of products so you can trade many asset types.

Best international online brokers for in Senegal in 2022
Bottom Line

These were the details, now let's zoom out. Here are the best international online brokers in 2022 for residents in Senegal:

Best international online brokers for residents in Senegal
Interactive Brokers XTB eToro Capital.com ActivTrades
Overall score 4.9 4.7 4.8 4.7 4.6
Fees score 4.5 stars 4.3 stars 4.4 stars 4.4 stars 4.5 stars
Mobile platform score 3.5 stars 4.4 stars 4.7 stars 4.9 stars 3.9 stars
Deposit and withdrawal score 3.0 stars 4.5 stars 3.9 stars 4.5 stars 4.5 stars
Account opening score 3.2 stars 5.0 stars 5.0 stars 5.0 stars 5.0 stars
Markets and products score 5.0 stars 2.9 stars 4.3 stars 3.1 stars 2.0 stars
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76% of retail CFD accounts lose money
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Your capital is at risk
Visit broker
81.40% of retail CFD accounts lose money
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73-85% of retail CFD accounts lose money

Interactive Brokers is our winner, the best international online broker in Senegal in 2022. Low trading fees. Wide range of products. Many great research tools.

Still unsure? For a tailored recommendation, check out our broker finder tool. If you enter the name of your country, it will show only the brokers that are relevant to you. Want more details? Compare brokers with the help of this detailed comparison table.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Visit XTB
76% of retail CFD accounts lose money
Visit eToro
Your capital is at risk
Visit Capital.com
81.40% of retail CFD accounts lose money
Visit ActivTrades
73-85% of retail CFD accounts lose money

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