To find the best international online brokers in Sierra Leone, we went ahead and did the research for you. After testing, analyzing and comparing 57 brokers, 4 made it to the top. We highly recommend all 4 to you. And now, without further ado...
The top 4 picks for the best international online brokers of 2019 for citizens in Sierra Leone:
- XTB is the number one international online broker in 2019. Fast deposit and withdrawal. Fast and user-friendly account opening. Good research tools.
- Pepperstone, place two. Great customer service. User-friendly and fast account opening. Easy-to-use and good-looking platforms.
- Markets.com. Low trading fees. Account open is seamless and fast. Innovative research tools. Third place.
- FXCM, numero quatro. Low trading fees and financing rates. Good technical research tools. Fast and straightforward account opening.
| Broker | Info | Score | Best in | |
|---|---|---|---|---|
| #1 | XTB | Global CFD and FX broker | 4.5 | Best CFD broker |
| #2 | Pepperstone | Australian forex broker | 4.4 | Best customer support |
| #3 | Markets.com | Global CFD and FX broker | 4.2 | |
| #4 | FXCM | UK-based forex broker | 4.3 | Best technical tools |
All 4 brokers are considered safe. They are regulated by top-tier financial regulators.
What makes a good online broker? They need to offer fair fees. It must also be easy to open an account and deposit. They should offer access to a lot of markets and need to have a great platform. Easy to list, but hard to figure it out. We are testing brokers along ~100 criteria with real accounts and real money. We know what's up.
Not sure which broker? For a tailored recommendation, check out the broker finder tool. You can enter your country and it will show only the relevant brokers. Want more details? Compare brokers with this detailed comparison table.
Boring, but important stuff: Some of the brokers portfolio might contain CFD products. CFDs are complex and very risky, thus not suitable for everyone. You can easily lose all of your invested money. If you don't have clue what a CFD is, start with these CFD trading tips
And now, let's see the best international online brokers for Sierra Leone in 2019 one by one. Starting with the winner, XTB.
#1 Best international online brokers for citizens in Sierra Leone
XTB
4.5
5 stars
Best CFD broker
XTB is primarily a forex and CFD broker, while in some countries you can also trade with stocks. XTB is a global broker with more than ten offices worldwide. In Europe, it serves clients via the UK or a Polish entity. We tested the UK entity but will provide info on all entities.
XTB is listed on the Warsaw Stock Exchange. A listed company is more transparent, as it discloses its financials regularly. XTB is authorized and regulated by different regulators, including the UK FCA.
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 great funding and withdrawal processes and research tools
- Fast deposit and withdrawal
- Fast and user-friendly account opening
- Good research tools
- Limited product portfolio, mostly CFD and FX
- Sales team can be pushy
- No 24/7 customer support
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76% of retail CFD accounts lose money
#1 XTB
Fees
4 stars
XTB has average trading fees and low non-trading fees.
- Low non-trading fees
- No withdrawal fee
- No inactivity fee
| XTB | Pepperstone | Markets.com | FXCM | |
|---|---|---|---|---|
| Apple benchmark fee | $18.1 | - | $5.6 | - |
| Vodafone benchmark fee | $24.4 | - | $6.8 | - |
| EURUSD benchmark fee | $17.1 | $19.3 | $28.6 | $13.8 |
All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX
More
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76% of retail CFD accounts lose money
#1 XTB
Account opening
5 stars
XTB account opening is hassle-free and straightforward. Your account is ready for trading on the same day. However, the sales team is very pushy.
- Fast
- Fully digital
- User-friendly
- Sales team pushy
| XTB | Pepperstone | Markets.com | FXCM | |
|---|---|---|---|---|
| Minimum deposit | $250 | $0 | $100 | $0 |
| Time to open account | 1 day | 1-3 days | 1 day | 1-3 days |
More
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76% of retail CFD accounts lose money
#1 XTB
Deposit and withdrawal
5 stars
XTB's deposit and withdrawal are cost-friendly, fast, and can be done in several forms. Fees for electronic wallet deposits are quite high.
- Credit/Debit card available
- Quick deposit and withdrawal - within 3 days
- User-friendly
- High fees for electronic wallet deposits
| XTB | Pepperstone | Markets.com | FXCM | |
|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | Yes | Yes | Yes |
| Electronic wallets | No | Yes | Yes | No |
| Withdrawal fee | $0 | $20 | $0 | $0 |
More
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76% of retail CFD accounts lose money
#1 XTB
Markets and products
2 stars
UK residents, Hungarians and non-Europeans can trade only with CFDs and forex. All other Europeans can also trade with stocks and ETFs.
| XTB | Pepperstone | Markets.com | FXCM | |
|---|---|---|---|---|
| Stock | Yes | No | No | No |
| ETF | Yes | No | No | No |
| Forex | Yes | Yes | Yes | Yes |
| Fund | No | No | No | No |
| Bond | No | No | No | No |
| Options | No | No | No | No |
| Futures | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes |
More
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76% of retail CFD accounts lose money
#1 XTB
Web trading platform
4 stars
XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, we missed the two-step login, the leverage setting option and the more sophisticated order types.
- User-friendly
- Good search function
- Good customizability (for charts, workspace)
- No two-step (safer) login
- Limited order types
| XTB | Pepperstone | Markets.com | FXCM | |
|---|---|---|---|---|
| Web platform score | ||||
| Mobile platform score | ||||
| Desktop platform score | - |
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76% of retail CFD accounts lose money
#1 XTB
Verdict
XTB is a good broker. It is regulated by more than 10 authorities globally, including the UK FCA, and it is listed on the Warsaw Stock Exchange.
On the plus side, the deposit and withdrawal process is fast. We liked the seamless and hassle-free account opening. The research tools are easy-to-use.
XTB has some drawbacks though. Its product range is mainly limited to FX and CFDs, but there are stocks trading is also available in some countries. When opening the account the sales team can be pushy. We also missed the 24/7 customer support.
We recommend XTB for clients who prefer forex and CFD trading and are looking for fast account opening, cheap money withdrawal and great research tools. Feel free to test it via the demo account.
| XTB | |
|---|---|
| Summary | XTB is a global CFD broker, listed on the Warsaw Stock Exchange, regulated by regulators, like FCA and KNF, the polish regulator. |
| Fees score | |
| Recommended for | Forex and CFD traders looking for great funding and withdrawal processes and research tools |
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76% of retail CFD accounts lose money
#2 Best international online brokers for citizens in Sierra Leone
Pepperstone
4.4
4 stars
Best customer support
Pepperstone is an Australian forex broker that also offers some CFDs. It was established in 2010 and opened a London office in 2015 to better serve European clients.
Pepperstone is considered safe, as it is regulated by top-tier financial authorities, like the UK FCA and the Australian ASIC.
Pepperstone is a forex and CFD broker. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% 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 traders aiming for a good customer service
- Great customer service
- User-friendly and fast account opening
- Easy-to-use and good-looking platforms
- Limited product portfolio
- Limited research
- Limited education
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71.4% of retail CFD accounts lose money
#2 Pepperstone
Fees
4 stars
Pepperstone has low trading fees and average non-trading fees. It has no inactivity fee. On the negative side, the withdrawal fee is high.
- Low trading fees
- No inactivity fee
- Transparent fee structure
- Withdrawal fee
| XTB | Pepperstone | Markets.com | FXCM | |
|---|---|---|---|---|
| Apple benchmark fee | $18.1 | - | $5.6 | - |
| Vodafone benchmark fee | $24.4 | - | $6.8 | - |
| EURUSD benchmark fee | $17.1 | $19.3 | $28.6 | $13.8 |
All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX
More
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71.4% of retail CFD accounts lose money
#2 Pepperstone
Account opening
4 stars
Pepperstone account opening is great. It is fully digital and user-friendly. On the negative side, it can take several days.
- Fully digital
- User-friendly
- Many account types
- No minimum deposit for Standard Account
- It can take 4-5 business days
| XTB | Pepperstone | Markets.com | FXCM | |
|---|---|---|---|---|
| Minimum deposit | $250 | $0 | $100 | $0 |
| Time to open account | 1 day | 1-3 days | 1 day | 1-3 days |
More
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71.4% of retail CFD accounts lose money
#2 Pepperstone
Deposit and withdrawal
4 stars
Pepperstone offers a lot of deposit options, which are user-friendly. However, the withdrawal fees are high.
- User-friendly
- Free bank and electronic wallets deposit
- Free credit and debit cards withdrawal
- High withdrawal fee
| XTB | Pepperstone | Markets.com | FXCM | |
|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | Yes | Yes | Yes |
| Electronic wallets | No | Yes | Yes | No |
| Withdrawal fee | $0 | $20 | $0 | $0 |
More
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71.4% of retail CFD accounts lose money
#2 Pepperstone
Markets and products
1 stars
At Pepperstone you can only trade with forex, some CFDs, and cryptos.
| XTB | Pepperstone | Markets.com | FXCM | |
|---|---|---|---|---|
| Stock | Yes | No | No | No |
| ETF | Yes | No | No | No |
| Forex | Yes | Yes | Yes | Yes |
| Fund | No | No | No | No |
| Bond | No | No | No | No |
| Options | No | No | No | No |
| Futures | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes |
More
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71.4% of retail CFD accounts lose money
#2 Pepperstone
Web trading platform
4 stars
Pepperstone offers only third-party trading platforms. We tested cTrader, which is a great platform: it is well-designed and user-friendly. On the negative side, it lacks the two-step login.
- User-friendly
- Good search function
- Good customizability (for charts, workspace)
- No two-step (safer) login
| XTB | Pepperstone | Markets.com | FXCM | |
|---|---|---|---|---|
| Web platform score | ||||
| Mobile platform score | ||||
| Desktop platform score | - |
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71.4% of retail CFD accounts lose money
#2 Pepperstone
Verdict
Pepperstone is a good FX and CFD broker.
The customer service is great, you will get relevant answers within a short time. Account opening is a breeze, with no minimum deposits. The website is well-designed, clear and easy to navigate.
Pepperstone only offers FX and some CFDs. Its research and education tools could be improved, as there are not a lot of services and options.
Feel free to try Pepperstone. There is no inactivity fee or minimum deposit for standard accounts.
| Pepperstone | |
|---|---|
| Summary | Pepperstone is a forex and CFD broker regulated by both the FCA and the ASIC. |
| Fees score | |
| Recommended for | Forex traders aiming for a good customer service |
More
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71.4% of retail CFD accounts lose money
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#3 Best international online brokers for citizens in Sierra Leone
Markets.com
4.2
4 stars
Markets.com is a global CFD and FX broker established in 2010. Markets.com is operated by Safecap Investment Limited, which is regulated by two regulators, the Cypriot Cysec and the South African FSCA. It is not regulated by FCA, the top-tier, UK regulator. Safecap is owned by Playtech, a gambling software development company.
Markets.com is considered safe, because its parent company, Playtech is listed on a stock exchange.
Markets.com is a CFD and forex broker. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 wanting to venture in cfd trading
- Low trading fees
- Account open is seamless and fast
- Innovative research tools
- Limited product portfolio, only CFDs
- Not FCA regulated, Cysec and FSB only
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64% of retail CFD accounts lose money
#3 Markets.com
Fees
3 stars
Markets.com has low trading fees and financing rates. On the negative side, there is a high inactivity fee and the fee structures are not transparent.
- Low trading fees
- No withdrawal fee
- Low financing rate
- Inactivity fee
- Not transparent fee structure
- Financing rate calculation is non-transparent
| XTB | Pepperstone | Markets.com | FXCM | |
|---|---|---|---|---|
| Apple benchmark fee | $18.1 | - | $5.6 | - |
| Vodafone benchmark fee | $24.4 | - | $6.8 | - |
| EURUSD benchmark fee | $17.1 | $19.3 | $28.6 | $13.8 |
All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX
More
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64% of retail CFD accounts lose money
#3 Markets.com
Account opening
5 stars
Markets.com account opening is seamless, fast and fully digital. You can open your trading account within a day.
- Fast
- Fully digital
- User-friendly
- $/€/£100 minimum funding
| XTB | Pepperstone | Markets.com | FXCM | |
|---|---|---|---|---|
| Minimum deposit | $250 | $0 | $100 | $0 |
| Time to open account | 1 day | 1-3 days | 1 day | 1-3 days |
More
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64% of retail CFD accounts lose money
#3 Markets.com
Deposit and withdrawal
5 stars
Markets.com deposit and withdrawal are free of charge, with many options and easy-to-do.
- Credit/Debit card available
- No deposit fee
- Several account base currencies
- None
| XTB | Pepperstone | Markets.com | FXCM | |
|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | Yes | Yes | Yes |
| Electronic wallets | No | Yes | Yes | No |
| Withdrawal fee | $0 | $20 | $0 | $0 |
More
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64% of retail CFD accounts lose money
#3 Markets.com
Markets and products
2 stars
At Markets.com you can trade only with CFDs, forex, and cryptos.
| XTB | Pepperstone | Markets.com | FXCM | |
|---|---|---|---|---|
| Stock | Yes | No | No | No |
| ETF | Yes | No | No | No |
| Forex | Yes | Yes | Yes | Yes |
| Fund | No | No | No | No |
| Bond | No | No | No | No |
| Options | No | No | No | No |
| Futures | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes |
More
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64% of retail CFD accounts lose money
#3 Markets.com
Web trading platform
3 stars
Markets.com's web trading platform looks nice, easy to use, and has a great search function. It has limited order types, and the two step login is missing.
- User-friendly
- Good search function
- Available in several languages
- No two-step (safer) login
- Limited order types
- No order confirmation
| XTB | Pepperstone | Markets.com | FXCM | |
|---|---|---|---|---|
| Web platform score | ||||
| Mobile platform score | ||||
| Desktop platform score | - |
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64% of retail CFD accounts lose money
#3 Markets.com
Verdict
In our Markets.com review, we tested Markets.com thoroughly and here is the verdict. It is an ok broker, especially if you want to concentrate on CFD trading. It has low trading fees, an easy-to-use platform, and great research tools.
It is not regulated by top-tier financial regulators, like the FCA or the SEC.
All in all, it is a good choice. The account opening is super easy and there is no inactivity fee, feel free to try it.
| Markets.com | |
|---|---|
| Summary | Markets.com is a CFD broker regulated in Cyprus and South Africa. It has a UK parent, which is listed on the London Stock Exchange. |
| Fees score | |
| Recommended for | Traders wanting to venture in CFD trading |
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64% of retail CFD accounts lose money
#4 Best international online brokers for citizens in Sierra Leone
FXCM
4.3
4 stars
Best technical tools
FXCM, or Forex Capital Market, is a London-based forex broker that also offers some CFDs. FXCM was established in 1999 and has two main shareholders: Jefferies Financial Group and Global Brokerage. Both parent companies are listed on stock exchanges.
FXCM is considered safe, as it is regulated by top-tier financial authorities, like the UK FCA and the Australian ASIC.
FXCM is a forex and CFD broker. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.79% 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 traders looking for easy account opening, funding, and withdrawal processes
- Low trading fees and financing rates
- Good technical research tools
- Fast and straightforward account opening
- Limited product portfolio
- Poor mobile platform
- Poor desktop trading platform
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73.62% of retail CFD accounts lose money
#4 FXCM
Fees
4 stars
FXCM offers low trading fees and average non-trading fees.
- Low trading fees
- No withdrawal fee
- Transparent fee structure
- Low financing rate
- Inactivity fee
| XTB | Pepperstone | Markets.com | FXCM | |
|---|---|---|---|---|
| Apple benchmark fee | $18.1 | - | $5.6 | - |
| Vodafone benchmark fee | $24.4 | - | $6.8 | - |
| EURUSD benchmark fee | $17.1 | $19.3 | $28.6 | $13.8 |
All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX
More
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73.62% of retail CFD accounts lose money
#4 FXCM
Account opening
4 stars
The account opening process at FXCM is hassle-free and straightforward. Furthermore, there is no minimum balance requirement.
- Fully digital
- No minimum deposit
- User-friendly
- Account opening takes several days
| XTB | Pepperstone | Markets.com | FXCM | |
|---|---|---|---|---|
| Minimum deposit | $250 | $0 | $100 | $0 |
| Time to open account | 1 day | 1-3 days | 1 day | 1-3 days |
More
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73.62% of retail CFD accounts lose money
#4 FXCM
Deposit and withdrawal
4 stars
There are several options both for deposit and withdrawal. Also, the deposit is free of charge. On the negative side, withdrawal can be slow.
- Credit/Debit card available
- No deposit fee
- User-friendly
- Slow withdrawal - over 3 days
- Withdrawal fee for bank transfer can be high
| XTB | Pepperstone | Markets.com | FXCM | |
|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | Yes | Yes | Yes |
| Electronic wallets | No | Yes | Yes | No |
| Withdrawal fee | $0 | $20 | $0 | $0 |
More
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73.62% of retail CFD accounts lose money
#4 FXCM
Markets and products
1 stars
At FXCM you will only have access to some forex, some CFDs, and Bitcoin trading.
| XTB | Pepperstone | Markets.com | FXCM | |
|---|---|---|---|---|
| Stock | Yes | No | No | No |
| ETF | Yes | No | No | No |
| Forex | Yes | Yes | Yes | Yes |
| Fund | No | No | No | No |
| Bond | No | No | No | No |
| Options | No | No | No | No |
| Futures | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes |
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73.62% of retail CFD accounts lose money
#4 FXCM
Web trading platform
3 stars
FXCM's trading platform is extremely customizable. It also offers a lot of order types. On the other hand, there is no two-step login and setting alerts is a pain.
- Clear fee report
- Good customizability (for charts, workspace)
- Available in several languages
- No two-step (safer) login
- Setting alerts is complicated
| XTB | Pepperstone | Markets.com | FXCM | |
|---|---|---|---|---|
| Web platform score | ||||
| Mobile platform score | ||||
| Desktop platform score | - |
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73.62% of retail CFD accounts lose money
#4 FXCM
Verdict
FXCM has low trading fees and financing rates. Its technical research tools are high quality and well organized. It also offers fast and straightforward account opening.
However, FXCM only offers forex, some CFDs and cryptos. Their mobile and desktop trading platforms need an update, as they are outdated and not user-friendly.
Feel free to try FXCM. There is no minimum deposit, and the inactivity fee only kicks in after a year.
| FXCM | |
|---|---|
| Summary | FXCM is a UK-based forex broker offering forex and CFD trading. FXCM is regulated by the UK FCA and the Australian ASIC. |
| Fees score | |
| Recommended for | Forex traders looking for easy account opening, funding, and withdrawal processes |
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73.62% of retail CFD accounts lose money
Best international online brokers for citizens in Sierra Leone
What makes a good online broker
Now you know the top 4. You are probably curious about how we came up with this list. Let's go through a few points quickly. What is an online broker? Why do we think these brokers are safe? What are the most important factors when selecting the best online brokers?
What is an online broker?
Thirty years ago if you wanted to buy a stock, you had to pick up the phone and call your broker, who executed the transaction in return for a commission. Brokers were like in the Wolf of Wall Street movie. They were checking the stocks' prices while holding a telephone and shouting. Everything changed after the internet appeared. Nowadays if you want to buy Apple shares, you open online an account, deposit money, and make the order through the brokers' online platform. These brokers are the online brokers. Online brokers help you buying and selling securities, like stocks. After making your order, the online broker executes it immediately. Everything is online.
Are these brokers safe?
Yes, they are considered safe. You can be sure none of them is a scam. They are regulated by top-tier regulators. Some of them are also listed on an exchange, and some have a banking background.
However, also brokerage companies can go down. Remember Lehman Brothers? In these cases, it is important to know what happens with your securities and cash. These are usually held in segregated accounts, so even in case of a broker bankruptcy, you are safe.
If everything goes very bad and for example, the broker steals your assets, then you have a last resort, the compensation fund of the country where the broker is regulated.
How did Brokerchooser pick the best international online brokers for a citizen in Sierra Leone?
At Brokerchooser we test online brokers along ~100 criteria, with a real account and real money. Not to overwhelm you we list the five most important criteria.
The 5 most important criteria for online brokers are:
| 1. Fees | The trading fee of a typical US equity trade can be 50 times higher at one online broker compared to another. Worth to check the fees. |
| 2. Account opening | Some online brokers require a minimum to invest, others don't set a minimal first-time deposit. Check out what the best online brokers require. |
| 3. Deposit and withdrawal | Transferring money to your account can be 5 times longer and more expensive at one online broker compared to another. |
| 4. Products and markets | You want to invest in Amazon and Bitcoin? They might not be available. Check the product coverage before opening an account. |
| 5. Trading platform | A user-friendlyAand well-equipped trading platform can significantly increase your trading comfort. |
Best international online brokers for citizens in Sierra Leone
Bottom line
You saw the details, now let's zoom out. Here are the best international online brokers of 2019 for citizens in Sierra Leone:
| XTB | Pepperstone | Markets.com | FXCM | |
|---|---|---|---|---|
| Overall score | 4.5 | 4.4 | 4.2 | 4.3 |
| Award | Best CFD broker | Best customer support | Best technical tools | |
| Fees score | ||||
| Account opening score | ||||
| Deposit and withdrawal score | ||||
| Markets and products score | ||||
| Web platform score | ||||
|
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76% of retail CFD accounts lose money |
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71.4% of retail CFD accounts lose money |
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64% of retail CFD accounts lose money |
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73.62% of retail CFD accounts lose money |
XTB is our winner, the best in 2019. Fast deposit and withdrawal. Fast and user-friendly account opening. Good research tools.
All brokers are considered safe, and a great choice. Pick the winner, or any runner-up and take the next step in your investment journey. Let us know what you think in the comment section.
Still unsure? Use the broker finder and find the best broker for you.
