To help you find the best online brokers in 2021, we went ahead and did the research for you. First, we selected 84 quality online brokers, then checked and compared basically every aspect of their offering: fees, available markets and products, trading platforms, deposit and withdrawal options and much much more. To be selected best online broker, service providers had to prove their excellence in multiple areas. We dug deep, so you won't have to.
5 brokers made it to the top in Sierra Leone. We highly recommend all 5 to you. And now, without further ado...
The top 5 picks for best international online broker of 2021 for citizens in Sierra Leone:
- XTB is the best international online broker in 2021. Low forex fees. Free and fast deposit and withdrawal. Easy and fast account opening.
- Trading 212 takes second place. Real stocks and ETFs are commission-free. Quick and easy account opening. Great trading platforms.
- City Index rounds out the top three. Low fees for forex. Fast and smooth account opening. Diverse research tools.
- Fusion Markets, numero quattro. Low trading and non-trading fees. Fast and easy account opening. Great customer service.
- Tickmill just made it to the list at in fifth place. Low forex fees. Fast and easy account opening. Free deposit and withdrawal.
| 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 | 4.3 | |
| #3 | City Index | Global CFD and forex broker | 4.7 | |
| #4 | Fusion Markets | Australian forex broker | 4.5 | Best discount forex broker |
| #5 | Tickmill | Global forex broker | 4.5 |
What makes a good online broker? Surely, they need to provide great service in all areas. First of all, they need to offer fair fees and have a good safety score. Opening an account and depositing money should also be user-friendly processes. They need to provide access to a wide range of products and have a great platform.
These features are easy to list, but hard to figure out. We test brokers based on more than ~300 criteria with real accounts and real money. We know what's up. You can find all the ranking criteria in our methodology.
Not sure which broker to choose? For a tailored recommendation, check out our broker finder tool. If you enter the name of your country it will show only the relevant brokers. Want more details? Compare brokers with our in-depth comparison table.
And now, let's see the best international online brokers in 2021 for citizens in Sierra Leone one by one, starting with the winner, XTB.
#1 Best international online brokers for citizens in Sierra Leone
XTB
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 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 |
#1 XTB
Fees
XTB has low forex fees and there is 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 |
| • Free withdrawal for transfers above $100 |
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| US stock | $10.0 | $0.0 | - | - | - |
| UK stock | $12.0 | $0.0 | - | - | - |
| EURUSD benchmark fee | $8.5 | $26.4 | $6.1 | $5.3 | $6.7 |
| AUDUSD benchmark fee | $6.6 | $15.6 | $7.2 | $5.7 | $4.8 |
| GBPUSD benchmark fee | $6.1 | $21.0 | $5.2 | $4.3 | $4.8 |
| S&P 500 index CFD fee | $1.5 | $4.3 | $1.2 | $0.0 | $1.6 |
| Europe 50 index CFD fee | $1.8 | $6.4 | $1.9 | $1.5 | $1.6 |
The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.
#1 XTB
Account opening
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 | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $1 | $100 | $0 | $100 |
| Time to open account | 1 day | 1 day | 1 day | 1 day | 1 day |
#1 XTB
Deposit and withdrawal
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 | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | Yes | Yes | Yes | Yes |
| Electronic wallets | No | Yes | Yes | No | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#1 XTB
Markets and products
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 | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | No | No | No |
| ETF | Yes | Yes | No | No | No |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Fund | No | No | No | No | No |
| Bond | No | No | No | No | No |
| Options | No | No | No | No | No |
| Futures | No | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes | No |
#1 XTB
Web trading platform
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 |
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| Web platform score | 4.4 stars | 4.9 stars | 4.3 stars | 2.8 stars | 2.8 stars |
| Mobile platform score | 4.4 stars | 4.9 stars | 4.3 stars | 3.8 stars | 3.8 stars |
| Desktop platform score | 4.4 stars | - | 3.0 stars | 3.4 stars | 3.4 stars |
#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 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 are 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 | 3.9 stars |
| Recommended for | Forex and CFD traders looking for low fees and great deposit/withdrawal service |
#2 Best international online brokers for citizens in Sierra Leone
Trading 212
Trading 212 is a global CFD and forex broker, but clients can also trade stocks and ETFs free of charge. The company was founded in 2004 and is 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 looking for intuitive trading platforms
| Pros | Cons |
|---|---|
| • Real stocks and ETFs are commission-free | • Limited product portfolio |
| • Quick and easy account opening | • Missing phone and live chat support |
| • Great trading platforms | • High forex fee |
#2 Trading 212
Fees
Trading 212 has commission-free stocks and ETFs, and there are also no fees for deposit, withdrawal or inactivity. However, fees for forex trading are high.
| Pros | Cons |
|---|---|
| • Free stock and ETF trading | • High forex fees |
| • Low CFD fees | • High financing rate |
| • No withdrawal and inactivity fee |
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| US stock | $10.0 | $0.0 | - | - | - |
| UK stock | $12.0 | $0.0 | - | - | - |
| EURUSD benchmark fee | $8.5 | $26.4 | $6.1 | $5.3 | $6.7 |
| AUDUSD benchmark fee | $6.6 | $15.6 | $7.2 | $5.7 | $4.8 |
| GBPUSD benchmark fee | $6.1 | $21.0 | $5.2 | $4.3 | $4.8 |
| S&P 500 index CFD fee | $1.5 | $4.3 | $1.2 | $0.0 | $1.6 |
| Europe 50 index CFD fee | $1.8 | $6.4 | $1.9 | $1.5 | $1.6 |
The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.
#2 Trading 212
Account opening
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 |
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $1 | $100 | $0 | $100 |
| Time to open account | 1 day | 1 day | 1 day | 1 day | 1 day |
#2 Trading 212
Deposit and withdrawal
Trading 212 deposits and withdrawals are free, fast, and can be done in several way. On the negative side, there are only a few account base currencies available in each country.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Few base currencies available in each country |
| • Free withdrawal | |
| • No deposit fee |
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | Yes | Yes | Yes | Yes |
| Electronic wallets | No | Yes | Yes | No | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#2 Trading 212
Markets and products
Trading 212 focuses mainly on CFDs, forex and cryptos. You can also trade real stocks and ETFs, but popular asset classes like bonds, mutual funds, options and futures are missing.
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | No | No | No |
| ETF | Yes | Yes | No | No | No |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Fund | No | No | No | No | No |
| Bond | No | No | No | No | No |
| Options | No | No | No | No | No |
| Futures | No | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes | No |
#2 Trading 212
Web trading platform
Trading 212 has a user-friendly and customizable web trading platform. It also provides a two-step login.
| Pros | Cons |
|---|---|
| • User-friendly | None |
| • Two-step (safer) login | |
| • Good search function |
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| Web platform score | 4.4 stars | 4.9 stars | 4.3 stars | 2.8 stars | 2.8 stars |
| Mobile platform score | 4.4 stars | 4.9 stars | 4.3 stars | 3.8 stars | 3.8 stars |
| Desktop platform score | 4.4 stars | - | 3.0 stars | 3.4 stars | 3.4 stars |
#2 Trading 212
Verdict
Trading 212 works as a CFD and forex broker regulated by multiple financial supervisory authorities.
On the plus side, Trading 212 offers commission-free stocks and ETFs, while CFD fees and non-trading fees are low as well. The account opening process is seamless and the trading platforms are user-friendly.
However, Trading 212 has a limited product portfolio, lacking popular asset classes such as bonds or options. We missed phone and live chat support, and found forex fees relatively high.
So is Trading 212 good? Trading 212 is a good choice for those interested in investing in equities or trading leveraged forex and CFD products, with the use of a great trading platform. As it offers a demo account, don't hesitate to give it a try.
| 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 | 3.4 stars |
| Recommended for | Active CFD and FX traders and investors looking for intuitive trading platforms |
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#3 Best international online brokers for citizens in Sierra Leone
City Index
City Index is a global CFD and FX broker that was founded in 1983. City Index is the trading brand of StoneX Financial Ltd., whose parent company StoneX Group Inc. is listed on the NASDAQ 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, it 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. 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 and cfd traders looking for low forex fees and great research tools
| Pros | Cons |
|---|---|
| • Low fees for forex | • Limited product portfolio |
| • Fast and smooth account opening | • High stock CFD fees |
| • Diverse research tools | • Non-user-friendly desktop platform |
#3 City Index
Fees
City Index has low fees for forex and there is no withdrawal fee. 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 |
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| US stock | $10.0 | $0.0 | - | - | - |
| UK stock | $12.0 | $0.0 | - | - | - |
| EURUSD benchmark fee | $8.5 | $26.4 | $6.1 | $5.3 | $6.7 |
| AUDUSD benchmark fee | $6.6 | $15.6 | $7.2 | $5.7 | $4.8 |
| GBPUSD benchmark fee | $6.1 | $21.0 | $5.2 | $4.3 | $4.8 |
| S&P 500 index CFD fee | $1.5 | $4.3 | $1.2 | $0.0 | $1.6 |
| Europe 50 index CFD fee | $1.8 | $6.4 | $1.9 | $1.5 | $1.6 |
The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.
#3 City Index
Account opening
City Index's account opening process is fully digital and there is no minimum deposit. It took one day for us to get the account approved.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $1 | $100 | $0 | $100 |
| Time to open account | 1 day | 1 day | 1 day | 1 day | 1 day |
#3 City Index
Deposit and withdrawal
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 |
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | Yes | Yes | Yes | Yes |
| Electronic wallets | No | Yes | Yes | No | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#3 City Index
Markets and products
At City Index, you can only trade with CFDs, forex, and cryptos. Other asset classes, like real stocks or funds, are not available.
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | No | No | No |
| ETF | Yes | Yes | No | No | No |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Fund | No | No | No | No | No |
| Bond | No | No | No | No | No |
| Options | No | No | No | No | No |
| Futures | No | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes | No |
#3 City Index
Web trading platform
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 |
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| Web platform score | 4.4 stars | 4.9 stars | 4.3 stars | 2.8 stars | 2.8 stars |
| Mobile platform score | 4.4 stars | 4.9 stars | 4.3 stars | 3.8 stars | 3.8 stars |
| Desktop platform score | 4.4 stars | - | 3.0 stars | 3.4 stars | 3.4 stars |
#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 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 | 4.0 stars |
| Recommended for | Forex and CFD traders looking for low forex fees and great research tools |
#4 Best international online brokers for citizens in Sierra Leone
Fusion Markets
Fusion Markets is an Australian discount forex broker founded in 2010. It is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% 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 a chance to use the metatrader 4 platform
| Pros | Cons |
|---|---|
| • Low trading and non-trading fees | • Basic educational tools |
| • Fast and easy account opening | • Limited product selection |
| • Great customer service | • No investor protection |
#4 Fusion Markets
Fees
Fusion Markets has low forex and CFD fees and charges no inactivity or withdrawal fees.
| Pros | Cons |
|---|---|
| • Low non-trading fees | None |
| • Low forex fees | |
| • No withdrawal or inactivity fees |
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| US stock | $10.0 | $0.0 | - | - | - |
| UK stock | $12.0 | $0.0 | - | - | - |
| EURUSD benchmark fee | $8.5 | $26.4 | $6.1 | $5.3 | $6.7 |
| AUDUSD benchmark fee | $6.6 | $15.6 | $7.2 | $5.7 | $4.8 |
| GBPUSD benchmark fee | $6.1 | $21.0 | $5.2 | $4.3 | $4.8 |
| S&P 500 index CFD fee | $1.5 | $4.3 | $1.2 | $0.0 | $1.6 |
| Europe 50 index CFD fee | $1.8 | $6.4 | $1.9 | $1.5 | $1.6 |
The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.
#4 Fusion Markets
Account opening
Account opening at Fusion Markets is user-friendly and fully digital. It is also very fast, as our test account was verified the same day.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $1 | $100 | $0 | $100 |
| Time to open account | 1 day | 1 day | 1 day | 1 day | 1 day |
#4 Fusion Markets
Deposit and withdrawal
At Fusion Markets, most withdrawals are free, and you can use bank transfer, credit/debit cards and electronic wallets to add money. However, you can't open an account in minor currencies.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • No minor account currencies accepted |
| • Free withdrawal | |
| • No deposit fee |
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | Yes | Yes | Yes | Yes |
| Electronic wallets | No | Yes | Yes | No | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#4 Fusion Markets
Markets and products
Fusion Markets gives access to many currency pairs and some CFDs. On the other hand, it lacks a lot of popular asset classes, such as real stocks, ETFs and funds.
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | No | No | No |
| ETF | Yes | Yes | No | No | No |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Fund | No | No | No | No | No |
| Bond | No | No | No | No | No |
| Options | No | No | No | No | No |
| Futures | No | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes | No |
#4 Fusion Markets
Web trading platform
The web trading platform of Fusion Markets (provided by MetaTrader) is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks a two-step login and price alerts.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | • No price alerts |
| • Order confirmation | • Poor design |
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| Web platform score | 4.4 stars | 4.9 stars | 4.3 stars | 2.8 stars | 2.8 stars |
| Mobile platform score | 4.4 stars | 4.9 stars | 4.3 stars | 3.8 stars | 3.8 stars |
| Desktop platform score | 4.4 stars | - | 3.0 stars | 3.4 stars | 3.4 stars |
#4 Fusion Markets
Verdict
Fusion Markets is a great forex broker with very low fees.
It offers low trading and non-trading fees. Account opening is fast and easy, and customer service provides quick and relevant answers.
On the negative side, Fusion Markets has limited educational tools. The product offering covers only forex and some CFDs. Lastly, there is no investor protection provided.
As you can open an account within a day and fees are low, feel free to try Fusion Markets.
| Fusion Markets | |
|---|---|
| Summary | Fusion Markets is an Australia-based discount forex broker, regulated by the ASIC and VFSC. |
| Fees score | 4.8 stars |
| Recommended for | Forex traders looking for low fees and a chance to use the MetaTrader 4 platform |
#5 Best international online brokers for citizens in Sierra Leone
Tickmill
Tickmill is a global forex and CFD broker, established in 2014. The company is regulated by several financial authorities globally, including the top-tier Financial Conduct Authority (FCA) in 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 forex fees | • Only forex and CFDs |
| • Fast and easy account opening | • Trading platforms with outdated design |
| • Free deposit and withdrawal | • Basic news feeds |
#5 Tickmill
Fees
Tickmill has low forex, but average CFD fees. There is no fee for deposit, withdrawal, or inactivity.
| Pros | Cons |
|---|---|
| • Low forex fees | • Average CFD fees |
| • No withdrawal fee | |
| • No inactivity fee |
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| US stock | $10.0 | $0.0 | - | - | - |
| UK stock | $12.0 | $0.0 | - | - | - |
| EURUSD benchmark fee | $8.5 | $26.4 | $6.1 | $5.3 | $6.7 |
| AUDUSD benchmark fee | $6.6 | $15.6 | $7.2 | $5.7 | $4.8 |
| GBPUSD benchmark fee | $6.1 | $21.0 | $5.2 | $4.3 | $4.8 |
| S&P 500 index CFD fee | $1.5 | $4.3 | $1.2 | $0.0 | $1.6 |
| Europe 50 index CFD fee | $1.8 | $6.4 | $1.9 | $1.5 | $1.6 |
The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.
#5 Tickmill
Account opening
Tickmill has a fast and easy account opening process. Our account was verified within one business day. The minimum deposit is low, $100 for all account types, except VIP accounts.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $1 | $100 | $0 | $100 |
| Time to open account | 1 day | 1 day | 1 day | 1 day | 1 day |
#5 Tickmill
Deposit and withdrawal
Deposit and withdrawal are fast and free of charge. There is a wide range of options including 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 |
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | Yes | Yes | Yes | Yes |
| Electronic wallets | No | Yes | Yes | No | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#5 Tickmill
Markets and products
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.
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | No | No | No |
| ETF | Yes | Yes | No | No | No |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Fund | No | No | No | No | No |
| Bond | No | No | No | No | No |
| Options | No | No | No | No | No |
| Futures | No | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes | No |
#5 Tickmill
Web trading platform
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 |
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| Web platform score | 4.4 stars | 4.9 stars | 4.3 stars | 2.8 stars | 2.8 stars |
| Mobile platform score | 4.4 stars | 4.9 stars | 4.3 stars | 3.8 stars | 3.8 stars |
| Desktop platform score | 4.4 stars | - | 3.0 stars | 3.4 stars | 3.4 stars |
#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 fees. 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. The trading platforms have outdated design and the news feed is basic.
We recommend Tickmill for those who are interested in CFD and forex trading and like 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 | 4.5 stars |
| Recommended for | Forex traders looking for low fees and prefer MetaTrader 4 platform |
Best international online brokers for citizens in Sierra Leone
What makes a good online broker
Now that you know the top 5, you are probably curious 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 characters in the movie 'Wolf of Wall Street'. They were constantly monitoring stock prices while holding the phone and shouting. The Internet changed all that. Nowadays, if you want to invest in Apple shares, you open an online account, deposit money, and set up an order on the brokers' online platform. These platforms are the online brokers. Online brokers help you buy and sell securities like stocks and ETFs. After creating your order, the online broker executes it immediately. It all takes place online.
Are these brokers safe?
We consider each broker on our list safe. You can be sure none of them is a scam. All the brokers featured on BrokerChooser are regulated by at least one authority.
However, brokerage companies can still go bust. Remember the collapse of Lehman Brothers? In such cases, it is important to know what happens with your securities and cash. Your funds are usually held in segregated accounts, so even if your broker goes bankrupt, your funds are safe.
If all goes wrong, 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 online brokers?
At BrokerChooser, we test online brokers based on more than ~300 criteria, with real accounts and real money. We don\'t want to overwhelm you, so we will list the five most important criteria.
| 1. Fees | The trading fees of a typical US equity trade can be 50 times higher at one online broker compared to another. It's definitely worth checking these fees. |
| 2. Account opening | Some online brokers require a minimum deposint to start investing while others don't ask for a fix first-time deposit. Check these reuirements at the best online brokers. |
| 3. Deposit and withdrawal | At some online brokers, funding and withdrawing funds can take 5 times longer and be much more expensive than at others. |
| 5. Trading platform | A user-friendly and well-equipped trading platform can significantly increase your trading comfort. |
| 4. Markets and products | You want to invest in Amazon or trade Bitcoin? They might not be available. Check the product lineup before opening an account. |
Best international online brokers for citizens in Sierra Leone
Bottom line
These were the details, now let's zoom out. Here are the best international online brokers of 2021 for citizens in Sierra Leone:
| XTB | Trading 212 | City Index | Fusion Markets | Tickmill | |
|---|---|---|---|---|---|
| Overall score | 4.7 | 4.3 | 4.7 | 4.5 | 4.5 |
| Best in | Best CFD broker | Best discount forex broker | |||
| Fees score | 3.9 stars | 3.4 stars | 4.0 stars | 4.8 stars | 4.5 stars |
| Account opening score | 5.0 stars | 4.5 stars | 5.0 stars | 5.0 stars | 5.0 stars |
| Deposit and withdrawal score | 4.5 stars | 4.3 stars | 4.3 stars | 4.4 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 | 4.9 stars | 4.3 stars | 2.8 stars | 2.8 stars |
| Mobile platform score | 4.4 stars | 4.9 stars | 4.3 stars | 3.8 stars | 3.8 stars |
|
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79% of retail CFD accounts lose money |
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73% of retail CFD accounts lose money |
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74-89% of retail CFD accounts lose money |
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75% of retail CFD accounts lose money |
XTB is our winner, the best international online broker in Sierra Leone for 2021. Low forex fees. Free and fast deposit and withdrawal. Easy and fast account opening.
All of these brokers are considered safe and 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 comments section.
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 relevant brokers. Want more details? Compare brokers with the help of our in-depth comparison table.
