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Best international online brokers for citizens in Sierra Leone

To find the best international online brokers in Sierra Leone, we went ahead and did the research for you. After testing, analyzing and comparing 74 brokers, 5 made it to the top. We highly recommend all 5 to you. And now, without further ado...

The top 5 picks for the best international online brokers of 2020 for citizens in Sierra Leone:

  1. XTB is the number one international online broker in 2020. Low forex and stock index CFD fees. Free and fast deposit and withdrawal. Easy and fast account opening.
  2. Trading 212 is your runner-up. Real stocks and ETFs are commission-free. Quick and easy account opening. Great trading platform.
  3. City Index rounds out the top three. Low fees for forex and index CFDs. Fast and smooth account opening. Diverse research tools.
  4. NinjaTrader, numero quatro. Low trading fees. Great platform and research. Quality educational materials.
  5. Tickmill. Low fees. Great account opening. Free deposit and withdrawal. Just made it to the list at number five.
Best international online brokers of 2020 for citizens in Sierra Leone
Broker Info Score Best in
#1 XTB Global CFD and forex broker 4.7 Best CFD broker
#2 Trading 212 Global CFD and forex broker 4.6
#3 City Index Global CFD and forex broker 4.6
#4 NinjaTrader Global platform provider focusing on futures trading 4.6
#5 Tickmill Global forex broker 4.6

What makes a good online broker? First of all, they must offer fair fees and have a good safety score. It should also be easy to open an account and deposit money. They should give you access to many products, and they need to have a great trading platform.

Easy to list, but hard to figure out. That’s why we are testing brokers along more than 100 criteria, using real accounts and real money. We know what's up. You can find all the ranking criteria in our methodology.

Not sure which broker? For a tailored recommendation, check out our broker finder tool. You can enter your country, and it will narrow down the list of brokers to those that are available where you live. Want more details? Compare brokers with this detailed comparison table.

And now, let's see the best international online brokers in 2020 for citizens in Sierra Leone one by one, starting with the winner, XTB.

XTB Logo

#1 Best international online brokers for citizens in Sierra Leone
XTB

4.7

XTB is a global CFD and forex 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 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.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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 and cfd traders looking for low fees and great deposit/withdrawal service

Pros Cons
Low forex and stock index CFD fees High fees for stock CFDs
Free and fast deposit and withdrawal Product portfolio limited mostly to CFDs and FX
Easy and fast account opening Limited fundamental data

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79% of retail CFD accounts lose money

#1 XTB
Fees
4.1

XTB has low forex and stock index CFD fees. There is also no withdrawal fee for most transfers. On the other hand, stock CFD fees are high, and XTB also charges an inactivity fee.
Pros Cons
Low forex fees High stock CFD fees
Low stock index CFD fees Inactivity fee
No withdrawal fee for transfers above $100
XTB fees
XTB Trading 212 City Index NinjaTrader Tickmill
US stock $10.0 $0.0 - - -
UK stock $11.0 $0.0 - - -
EURUSD benchmark fee $14.8 $20.7 $12.5 - $9.2

All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.

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79% of retail CFD accounts lose money

#1 XTB
Account opening
5.0

XTB's account opening process is hassle-free, straightforward and fully digital. Your account will be ready for trading on the same day.
Pros Cons
Fast None
Fully digital
No minimum deposit
XTB minimum deposit and time to open an account
XTB Trading 212 City Index NinjaTrader Tickmill
Minimum deposit $0 $1 $100 $400 $100
Time to open account 1 day 1 day 1 day >3 days 1 day

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79% of retail CFD accounts lose money

#1 XTB
Deposit and withdrawal
4.5

XTB deposits and withdrawals are fast, mostly free, and can be done via several channels.
Pros Cons
Credit/Debit card available Few minor account currencies accepted
Free withdrawal
No deposit fee
XTB withdrawal fee and options
XTB Trading 212 City Index NinjaTrader Tickmill
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No Yes Yes No Yes
Electronic wallets No Yes Yes No Yes
Withdrawal fee $0 $0 $0 $40 $0

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79% of retail CFD accounts lose money

#1 XTB
Markets and products
2.8

XTB's default product selection includes only CFDs, forex and crypto. Some European clients can also trade real stocks and ETFs. Popular asset classes like bonds, mutual funds, options and futures are not available.
XTB markets and products
XTB Trading 212 City Index NinjaTrader Tickmill
Stock Yes Yes No No No
ETF Yes Yes No No No
Forex Yes Yes Yes No Yes
Fund No No No No No
Bond No No No No No
Options No No No Yes No
Futures No No No Yes No
CFD Yes Yes Yes No Yes
Crypto Yes Yes Yes Yes No

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79% of retail CFD accounts lose money

#1 XTB
Web trading platform
4.4

XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, two-step login is not available.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report
Good search function
Best international online brokers for citizens in Sierra Leone - XTB trading platform
XTB trading platforms
XTB Trading 212 City Index NinjaTrader Tickmill
Web platform score 4.4 stars 4.4 stars 4.3 stars - 2.8 stars
Mobile platform score 4.4 stars 4.4 stars 4.3 stars - 3.8 stars
Desktop platform score 4.4 stars - 3.0 stars 4.8 stars 3.3 stars

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79% of retail CFD accounts lose money

#1 XTB
Verdict

XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA. The company is listed on the Warsaw Stock Exchange.

On the plus side, its forex and stock index CFD fees are low, and the deposit and withdrawal process is fast and mostly free. We also liked the seamless and hassle-free account opening process.

XTB has some drawbacks, though. Stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading is available in some European countries. Fundamental data offered by XTB covers only a few basics such as P/E.

We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options along with fast account opening. Feel free to test it using a demo account.

XTB
Summary XTB is a global CFD and forex broker, listed on the Warsaw Stock Exchange and regulated by financial authorities including the UK FCA, Poland's KNF, and Cyprus's CySec.
Fees score 4.1 stars
Recommended for Forex and CFD traders looking for low fees and great deposit/withdrawal service

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79% of retail CFD accounts lose money

Trading 212 Logo

#2 Best international online brokers for citizens in Sierra Leone
Trading 212

4.6

Trading 212 is a global CFD and FX broker, but clients can also invest in stock and ETF free of charge. The company was founded in 2004 and now headquartered in London. Trading 212 is regulated by the UK Financial Conduct Authority (FCA) and the Bulgarian Financial Supervision Commission (FSC). 

Trading 212 is considered safe as it is regulated by the top-tier FCA. 

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 active cfd and fx traders, and investors preferring intuitive trading platforms

Pros Cons
Real stocks and ETFs are commission-free Limited product portfolio
Quick and easy account opening Basic tools for fundamental analysis
Great trading platform High EURUSD fee

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76% of retail CFD accounts lose money

#2 Trading 212
Fees
4.3

Trading 212 has commission-free stock and ETFs and low CFD fees. It's also great that there are no fees for deposit, withdrawal, and inactivity. On the other hand, high fees are charged for EURUSD trading.
Pros Cons
Free stock and ETF High fees for EURUSD
Low CFD fees
No withdrawal and inactivity fee
Trading 212 fees
XTB Trading 212 City Index NinjaTrader Tickmill
US stock $10.0 $0.0 - - -
UK stock $11.0 $0.0 - - -
EURUSD benchmark fee $14.8 $20.7 $12.5 - $9.2

All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.

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76% of retail CFD accounts lose money

#2 Trading 212
Account opening
4.5

The account opening process is straightforward, user friendly and quick. Our account was verified within one business day.
Pros Cons
Fast Problems with verification
Fully digital
No minimum deposit
Trading 212 minimum deposit and time to open an account
XTB Trading 212 City Index NinjaTrader Tickmill
Minimum deposit $0 $1 $100 $400 $100
Time to open account 1 day 1 day 1 day >3 days 1 day

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76% of retail CFD accounts lose money

#2 Trading 212
Deposit and withdrawal
4.5

Trading 212's deposits and withdrawals are free, fast, and can be done in several forms. On the negative side, there are only a few account base currencies available in one country.
Pros Cons
Credit/Debit card available Few base currencies available in one country
Free withdrawal
No deposit fee
Trading 212 withdrawal fee and options
XTB Trading 212 City Index NinjaTrader Tickmill
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No Yes Yes No Yes
Electronic wallets No Yes Yes No Yes
Withdrawal fee $0 $0 $0 $40 $0

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76% of retail CFD accounts lose money

#2 Trading 212
Markets and products
3.7

Trading 212's product selection focuses mainly on CFDs, forex and crypto assets. There are also real stock and ETFs available. Popular asset classes like bonds, mutual funds, options, and futures are not available.
Trading 212 markets and products
XTB Trading 212 City Index NinjaTrader Tickmill
Stock Yes Yes No No No
ETF Yes Yes No No No
Forex Yes Yes Yes No Yes
Fund No No No No No
Bond No No No No No
Options No No No Yes No
Futures No No No Yes No
CFD Yes Yes Yes No Yes
Crypto Yes Yes Yes Yes No

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76% of retail CFD accounts lose money

#2 Trading 212
Web trading platform
4.4

Trading 212 has a user-friendly and customizable web trading platform. Small weakness is the lack of two-step authentication and the range of available order types.
Pros Cons
User-friendly No two-step (safer) login
Good search function
Good customizability (for charts, workspace)
Best international online brokers for citizens in Sierra Leone - Trading 212 trading platform
Trading 212 trading platforms
XTB Trading 212 City Index NinjaTrader Tickmill
Web platform score 4.4 stars 4.4 stars 4.3 stars - 2.8 stars
Mobile platform score 4.4 stars 4.4 stars 4.3 stars - 3.8 stars
Desktop platform score 4.4 stars - 3.0 stars 4.8 stars 3.3 stars

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76% of retail CFD accounts lose money

#2 Trading 212
Verdict

Trading 212 is a CFD and forex broker regulated by multiple financial supervisory authorities. 

On the plus side, Trading 212 has commission-free stocks and ETFs. The CFD and non-trading fees are low as well. The account opening is seamless and the trading platforms are user-friendly.

However, Trading 212 has a limited product portfolio, lacking popular asset classes, like bonds or options. We missed research tools for fundamental analysis and the EURUSD fees are high.

Trading 212 is a good choice for those who are interested in investing in equities or trading with leveraged FX and CFD products with the use of a great trading platform. 

Trading 212
Summary Trading 212 is a CFD and forex broker regulated by the UK FCA and Bulgarian FSC. In the UK and Germany, Trading212 offers commission-free stock and ETF trading as well.
Fees score 4.3 stars
Recommended for Active CFD and FX traders, and investors preferring intuitive trading platforms

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76% of retail CFD accounts lose money

City Index Logo

#3 Best international online brokers for citizens in Sierra Leone
City Index

4.6

City Index is a global CFD and FX broker that was founded in 1983. City Index is a trading brand of GAIN Capital, which is listed on the New York Stock Exchange. The company is regulated by top-tier financial authorities, such as the UK's Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Monetary Authority of Singapore (MAS). 

City Index is considered safe because it has a long track record, is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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 forex fees and great research tools

Pros Cons
Low fees for forex and index CFDs Limited product portfolio
Fast and smooth account opening High stock CFD fees
Diverse research tools Non-user-friendly desktop platform

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74% of retail CFD accounts lose money

#3 City Index
Fees
4.1

City Index has low fees for forex and stock index CFDs. On the other hand, stock CFD fees are high and there is an inactivity fee after one year.
Pros Cons
Low forex fees Inactivity fee
No withdrawal fee High stock CFD fees
Low stock index CFD fees
City Index fees
XTB Trading 212 City Index NinjaTrader Tickmill
US stock $10.0 $0.0 - - -
UK stock $11.0 $0.0 - - -
EURUSD benchmark fee $14.8 $20.7 $12.5 - $9.2

All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.

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74% of retail CFD accounts lose money

#3 City Index
Account opening
5.0

City Index's account opening process is fully digital and there is no minimum deposit required. It took one day for us to have an approved open account.
Pros Cons
Fast None
Fully digital
No minimum deposit
City Index minimum deposit and time to open an account
XTB Trading 212 City Index NinjaTrader Tickmill
Minimum deposit $0 $1 $100 $400 $100
Time to open account 1 day 1 day 1 day >3 days 1 day

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74% of retail CFD accounts lose money

#3 City Index
Deposit and withdrawal
4.3

City Index provides multiple deposit and withdrawal options, all free of charge. However, withdrawal is not possible with some credit cards.
Pros Cons
Credit/Debit card available Problem with credit card withdrawal
Free withdrawal
No deposit fee
City Index withdrawal fee and options
XTB Trading 212 City Index NinjaTrader Tickmill
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No Yes Yes No Yes
Electronic wallets No Yes Yes No Yes
Withdrawal fee $0 $0 $0 $40 $0

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74% of retail CFD accounts lose money

#3 City Index
Markets and products
2.0

At City Index, you can only trade with CFDs, forex, and cryptos. Other asset classes, like real stocks or funds, are not available.
City Index markets and products
XTB Trading 212 City Index NinjaTrader Tickmill
Stock Yes Yes No No No
ETF Yes Yes No No No
Forex Yes Yes Yes No Yes
Fund No No No No No
Bond No No No No No
Options No No No Yes No
Futures No No No Yes No
CFD Yes Yes Yes No Yes
Crypto Yes Yes Yes Yes No

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74% of retail CFD accounts lose money

#3 City Index
Web trading platform
4.3

City Index's web trading platform is user-friendly and extremely customizable, with lots of order types. On the negative side, there is no two-step login.
Pros Cons
User-friendly No two-step (safer) login
Good customizability (for charts, workspace)
Good variety of order types
Best international online brokers for citizens in Sierra Leone - City Index trading platform
City Index trading platforms
XTB Trading 212 City Index NinjaTrader Tickmill
Web platform score 4.4 stars 4.4 stars 4.3 stars - 2.8 stars
Mobile platform score 4.4 stars 4.4 stars 4.3 stars - 3.8 stars
Desktop platform score 4.4 stars - 3.0 stars 4.8 stars 3.3 stars

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74% of retail CFD accounts lose money

#3 City Index
Verdict

City Index is a great CFD and forex broker regulated by top-tier financial authorities, such as the UK's FCA.

On the positive side, it has low forex and stock index CFD fees, a smooth account opening process and high-quality research tools.

It has some drawbacks though. The product portfolio is limited, stock CFD fees are quite high and the desktop platform lags behind its competitors.

As there is no minimum balance required, no withdrawal fee, and an inactivity fee only kicks in after one year, feel free to try City Index.

City Index
Summary City Index is a global CFD broker, regulated by many financial authorities including the top-tier UK FCA. Its parent company, GAIN Capital is listed on the New York Stock Exchange.
Fees score 4.1 stars
Recommended for Forex and CFD traders looking for low forex fees and great research tools

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74% of retail CFD accounts lose money

NinjaTrader Logo

#4 Best international online brokers for citizens in Sierra Leone
NinjaTrader

4.6

NinjaTrader is a US-based software company, which provides a great trading platform with advanced research tools. The company was founded in 2003.

Besides providing the software, NinjaTrader is a registered NFA (National Futures Association) company and an introducing broker of brokers, like Phillip Capital or Dorman Trading. The introducing broker status means that your assets and cash are held with the broker, like Phillip Capital, but the platform, the fees, and customer support are provided by NinjaTrader.

In our review, we tested NinjaTrader's platform and brokerage services through an account opened with Phillip Capital. Phillip Capital is a global broker, regulated by the top-tier financial authorities, such as US CFTC or UK FCA.

You can also connect the following brokerage accounts to NinjaTrader platforms: Interactive Brokers, TD Ameritrade, Oanda, Forex.com, FXCM, and City Index. The advantage of connecting these accounts is that you can trade other popular asset classes, like stocks, on NinjaTrader's great platform.

Recommended for active traders focusing on futures

Pros Cons
Low trading fees High withdrawal fee
Great platform and research No mobile app and desktop is only on Windows
Quality educational materials Only futures and options on futures

#4 NinjaTrader
Fees
4.6

NinjaTrader has low futures and options on futures trading fees. Also, the fee structure is transparent. On the negative side, there is a high withdrawal.
Pros Cons
Low trading fees High withdrawal fee
Transparent fee structure
NinjaTrader fees
XTB Trading 212 City Index NinjaTrader Tickmill
US stock $10.0 $0.0 - - -
UK stock $11.0 $0.0 - - -
EURUSD benchmark fee $14.8 $20.7 $12.5 - $9.2

All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.

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#4 NinjaTrader
Account opening
3.5

NinjaTrader's account opening is fully digital and the minimum deposit is low, $400. On the other hand, the account verification can take long, even 4-5 business days, and the account opening process is a bit complicated.
Pros Cons
Fully digital Slow
Low minimum deposit
NinjaTrader minimum deposit and time to open an account
XTB Trading 212 City Index NinjaTrader Tickmill
Minimum deposit $0 $1 $100 $400 $100
Time to open account 1 day 1 day 1 day >3 days 1 day

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#4 NinjaTrader
Deposit and withdrawal
1.6

NinjaTrader's deposit and withdrawal can be improved. You can use only bank transfer and check, and there is a high fee for bank withdrawals. As a plus, there is no deposit fee and the withdrawals are quick, took only one day for us.
Pros Cons
No deposit fee Credit/Debit card not available
Quick withdrawal, less than 1 business day High withdrawal fee
NinjaTrader withdrawal fee and options
XTB Trading 212 City Index NinjaTrader Tickmill
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No Yes Yes No Yes
Electronic wallets No Yes Yes No Yes
Withdrawal fee $0 $0 $0 $40 $0

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#4 NinjaTrader
Markets and products
1.8

With NinjaTrader Brokerage, you can trade only futures and options on futures. To trade with popular asset classes, like stocks or spot forex, you have to connect your existing brokerage account to NinjaTrader.
NinjaTrader markets and products
XTB Trading 212 City Index NinjaTrader Tickmill
Stock Yes Yes No No No
ETF Yes Yes No No No
Forex Yes Yes Yes No Yes
Fund No No No No No
Bond No No No No No
Options No No No Yes No
Futures No No No Yes No
CFD Yes Yes Yes No Yes
Crypto Yes Yes Yes Yes No

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#4 NinjaTrader
Web trading platform

At the time of the review, NinjaTrader provided only a desktop platform. The only way to use a web trading platform along with NinjaTrader's desktop trading platform is if you connect an external brokerage account, such as brokerage account with Interactive Brokers or Oanda.
NinjaTrader trading platforms
XTB Trading 212 City Index NinjaTrader Tickmill
Web platform score 4.4 stars 4.4 stars 4.3 stars - 2.8 stars
Mobile platform score 4.4 stars 4.4 stars 4.3 stars - 3.8 stars
Desktop platform score 4.4 stars - 3.0 stars 4.8 stars 3.3 stars

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#4 NinjaTrader
Verdict

NinjaTrader is a great platform for futures trading.

On the plus side, we liked the low commissions. Their advanced platform is great for experienced traders, especially futures traders. The educational materials provided by Ninja are well structured and they have an active user forum as well.

NinjaTrader Brokerage has some drawbacks though. The fees for withdrawal are high, $30-40 per withdrawal. There is no mobile platform and the desktop platform is available only on Windows. Lastly, the product portfolio covers only futures and options on futures.

As there is no fee for the demo account and you can open it within a few minutes, feel free to try NinjaTrader.

 

NinjaTrader
Summary NinjaTrader is a US-based software company, which has an excellent desktop application for advanced users, particularly futures traders. NinjaTrader is an NFA-registered company and introducing broker of brokers like Philip Capital and Dorman Trading.
Fees score 4.6 stars
Recommended for Active traders focusing on futures

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Tickmill Logo

#5 Best international online brokers for citizens in Sierra Leone
Tickmill

4.6

Tickmill is a global forex and CFD broker, established in 2014. The company is regulated by different financial authorities globally, including the top-tier Financial Conduct Authority (FCA) from the United Kingdom.

Tickmill is considered safe because it is regulated by the top-tier FCA.

Disclaimer: 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 forex traders looking for low fees and prefer metatrader 4 platform

Pros Cons
Low fees Only forex and CFDs
Great account opening Trading platforms with outdated design
Free deposit and withdrawal Basic news feeds

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73% of retail CFD accounts lose money

#5 Tickmill
Fees
4.8

Tickmill has great fees. Both the forex and CFD trading fees are low. There is no fee charged for deposit, withdrawal, or inactivity.
Pros Cons
Low forex fees None
No withdrawal fee
No inactivity fee
Tickmill fees
XTB Trading 212 City Index NinjaTrader Tickmill
US stock $10.0 $0.0 - - -
UK stock $11.0 $0.0 - - -
EURUSD benchmark fee $14.8 $20.7 $12.5 - $9.2

All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.

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73% of retail CFD accounts lose money

#5 Tickmill
Account opening
5.0

Tickmill has a fast and easy account opening. Our account was verified within one business day. The minimum deposit is low, $100 for all account types, except VIP.
Pros Cons
Fast None
Fully digital
Low minimum deposit
Tickmill minimum deposit and time to open an account
XTB Trading 212 City Index NinjaTrader Tickmill
Minimum deposit $0 $1 $100 $400 $100
Time to open account 1 day 1 day 1 day >3 days 1 day

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73% of retail CFD accounts lose money

#5 Tickmill
Deposit and withdrawal
4.5

Tickmill's deposit and withdrawal are fast and free of charge. There is a wide range of options you can use: bank transfer, credit/debit cards, or electronic wallets. On the other hand, the number of available account base currencies is low.
Pros Cons
Free withdrawal Few account base currencies
No deposit fee
Several account base currencies
Tickmill withdrawal fee and options
XTB Trading 212 City Index NinjaTrader Tickmill
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No Yes Yes No Yes
Electronic wallets No Yes Yes No Yes
Withdrawal fee $0 $0 $0 $40 $0

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73% of retail CFD accounts lose money

#5 Tickmill
Markets and products
1.4

At Tickmill, you can trade only CFDs on forex, stock indices, commodities, and German government bonds. Popular asset classes, such as stocks, ETFs, mutual funds, bonds and options are missing.
Tickmill markets and products
XTB Trading 212 City Index NinjaTrader Tickmill
Stock Yes Yes No No No
ETF Yes Yes No No No
Forex Yes Yes Yes No Yes
Fund No No No No No
Bond No No No No No
Options No No No Yes No
Futures No No No Yes No
CFD Yes Yes Yes No Yes
Crypto Yes Yes Yes Yes No

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73% of retail CFD accounts lose money

#5 Tickmill
Web trading platform
2.8

Tickmill's web trading platform is provided by MetaTrader. It is highly customizable and has a clear fee report. On the other hand, the platform lacks price alerts, and the design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
Best international online brokers for citizens in Sierra Leone - Tickmill trading platform
Tickmill trading platforms
XTB Trading 212 City Index NinjaTrader Tickmill
Web platform score 4.4 stars 4.4 stars 4.3 stars - 2.8 stars
Mobile platform score 4.4 stars 4.4 stars 4.3 stars - 3.8 stars
Desktop platform score 4.4 stars - 3.0 stars 4.8 stars 3.3 stars

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73% of retail CFD accounts lose money

#5 Tickmill
Verdict

Tickmill is a low-cost forex and CFD broker, regulated by several authorities globally, including the top-tier FCA.

On the plus side, we liked the low forex and CFD fees. The account opening is seamless and there are a lot of free deposit/withdrawal options.

Tickmill has some drawbacks though. Its product range is limited to forex, CFDs on some stock indexes and commodities. Trading platforms have outdated design and the news feeds are basic.

We recommend Tickmill for those who are interested in CFD and forex trading and prefer MetaTrader trading platforms. Feel free to test it via the demo account.

Tickmill
Summary Tickmill is a low-cost forex and CFD broker. It is regulated by different financial authorities, including the top-tier FCA.
Fees score 4.8 stars
Recommended for Forex traders looking for low fees and prefer MetaTrader 4 platform

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73% 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 5. 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?

You can be sure none of them is a scam. They are regulated by top-tier authorities. Some of them are also listed on an exchange, while 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 more than 100 criteria, using real accounts and real money. We don’t want to overwhelm you, so for now we’ll just list the five most important criteria.

The five most important criteria for best international online brokers are:

5 important criteria for the best international online brokers in 2020
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-friendly and 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 2020 for citizens in Sierra Leone:

Best international online brokers for citizens in Sierra Leone
XTB Trading 212 City Index NinjaTrader Tickmill
Overall score 4.7 4.6 4.6 4.6 4.6
Best in Best CFD broker
Fees score 4.1 stars 4.3 stars 4.1 stars 4.6 stars 4.8 stars
Account opening score 5.0 stars 4.5 stars 5.0 stars 3.5 stars 5.0 stars
Deposit and withdrawal score 4.5 stars 4.5 stars 4.3 stars 1.6 stars 4.5 stars
Markets and products score 2.8 stars 3.7 stars 2.0 stars 1.8 stars 1.4 stars
Web platform score 4.4 stars 4.4 stars 4.3 stars - 2.8 stars
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79% of retail CFD accounts lose money
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76% of retail CFD accounts lose money
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74% of retail CFD accounts lose money
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73% of retail CFD accounts lose money

XTB is our winner, the best international online broker in Sierra Leone of 2020. Low forex and stock index CFD fees. Free and fast deposit and withdrawal. Easy and fast account opening.
All of these brokers are considered a great choice. Pick the winner, or any of the runners-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 international broker for you, or learn more about investing your money.

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

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Visit broker
79% of retail CFD accounts lose money
Visit broker
76% of retail CFD accounts lose money
Visit broker
74% of retail CFD accounts lose money
Visit broker
73% of retail CFD accounts lose money
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