To find the best international online brokers in the Central African Republic, we went ahead and did the research for you. After testing, analyzing and comparing 20 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 the Central African Republic:
- XTB is the number one international online broker in 2019. Fast deposit and withdrawal. Fast and user-friendly account opening. Good research tools.
- Plus500, place two. Easy to use platform. Low spreads. Listed on AIM section of the London Stock Exchange.
- Pepperstone. Great customer service. User-friendly and fast account opening. Easy-to-use and nice looking platforms. Third place.
- Markets.com, numero quatro. Low fees. Account open is seamless and fast. Innovative research tools.
| Broker | Info | Score | Best in | |
|---|---|---|---|---|
| #1 | XTB | Global CFD and FX broker | 4.5 | Best CFD broker |
| #2 | Plus500 | Global CFD and FX broker | 4.4 | |
| #3 | Pepperstone | Australian forex broker | 4.4 | Best customer support |
| #4 | Markets.com | Global CFD and FX broker | 4.3 |
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 the Central African Republic in 2019 one by one. Starting with the winner, XTB.
#1 Best international online brokers for citizens in the Central African Republic
XTB
4.5
5 stars
Best CFD broker
XTB is primarily a forex and CFD broker and in some countries, you can also trade with real stocks. XTB is a global broker, it has more than ten offices worldwide. In Europe, it serves clients by a 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. It discloses its financials regularly. XTB is authorized and regulated by different regulators, including top-tier regulator, the FCA.
XTB is considered safe because it is listed on a stock exchange, discloses its financials, and is regulated by a top-tier regulator.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. In the UK, 79%, while in the rest of Europe 82% 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 quick deposit and withdrawal, and advanced 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
- Missing 24/7 customer support
#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 | Plus500 | Pepperstone | Markets.com | |
|---|---|---|---|---|
| Apple benchmark fee | $18.1 | $8.9 | - | $5.6 |
| Vodafone benchmark fee | $24.4 | $7.6 | - | $6.8 |
| EURUSD benchmark fee | $17.1 | $17.6 | $17.6 | $28.6 |
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
#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 account opening
- Account opening fully digital
- User-friendly
- Sales team pushy
| XTB | Plus500 | Pepperstone | Markets.com | |
|---|---|---|---|---|
| Minimum deposit | $250 | $114 | $0 | $100 |
| Time to open account | 1 day | 1 day | 1-3 days | 1 day |
#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 deposit and withdrawal available
- Speedy funding and withdrawal -within 3 days
- User-friendly
- High fees for electronic wallets deposit
| XTB | Plus500 | Pepperstone | Markets.com | |
|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | Yes | Yes | Yes |
| Electronic wallets | No | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $20 | $0 |
#1 XTB
Markets and products
2 stars
UK, Hungarians and non-Europeans can trade only with CFDs and forex. All other Europeans can also trade with real shares and ETFs.
| XTB | Plus500 | Pepperstone | Markets.com | |
|---|---|---|---|---|
| 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 |
#1 XTB
Web trading platform
4 stars
XTB's xStation 5 platform is user-friendly, can be customized, and a have good search function. On the flip side, we missed the two-step login, the leverage setting option, and the more sophisticated order types.
- User-friendly
- Good search function
- Good customizability (for chart, for workspace)
- No two-step (safe) login
- Limited order types
| XTB | Plus500 | Pepperstone | Markets.com | |
|---|---|---|---|---|
| Web platform score | ||||
| Mobile platform score | ||||
| Desktop platform score | - | - |
#1 XTB
Verdict
XTB is a good broker. It is regulated by more than 10 authorities globally, including the top-tier FCA and it is listed on the Warsaw Stock Exchange.
On the plus side, deposit and withdrawal are 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 real stocks too 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 preferring forex and CFD trading and aim for a fast account opening, cheap money withdrawal, and great research tools. Feel free to test it even via the demo account.
#2 Best international online brokers for citizens in the Central African Republic
Plus500
4.4
4 stars
Plus500 is a CFD broker, established in Israel. It is listed on the Main Market of the London Stock Exchange. Plus500 subsidiaries are authorized and regulated by different regulators, including top-tier regulators like the FCA from the UK.
Plus500 is considered safe because it is listed on a stock exchange, discloses its financials, and is regulated by top-tier regulators.
Plus500 is a CFD and forex broker. 80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Daytraders!: At Plus500 scalping is defined as "A trading strategy where a significant portion of the customer's positions are opened and closed by him/her within 2 minutes." If Plus500 believes you were following this strategy, your account might be blocked and closed. Therefore, if you plan to execute trades within 2 minutes, Plus500 is not your broker
Recommended for experienced traders looking for an easy-to-use platform, with great user experience.
- Easy to use platform
- Low spreads
- Listed on AIM section of the London Stock Exchange
- Limited product portfolio, only CFDs
- High financing rates
- Minimal research tools
#2 Plus500
Fees
4 stars
Plus500 has low trading fees and average non-trading fees. Financing rates are very high.
- Low trading fees
- No withdrawal fee
- Inactivity fee
- High financing rate
- Financing rate calculation is opaque
| XTB | Plus500 | Pepperstone | Markets.com | |
|---|---|---|---|---|
| Apple benchmark fee | $18.1 | $8.9 | - | $5.6 |
| Vodafone benchmark fee | $24.4 | $7.6 | - | $6.8 |
| EURUSD benchmark fee | $17.1 | $17.6 | $17.6 | $28.6 |
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
#2 Plus500
Account opening
5 stars
Plus500 account opening is seamless, fast and fully digital. You can open your trading account within a day.
- Fast account opening
- Account opening fully digital
- User-friendly
| XTB | Plus500 | Pepperstone | Markets.com | |
|---|---|---|---|---|
| Minimum deposit | $250 | $114 | $0 | $100 |
| Time to open account | 1 day | 1 day | 1-3 days | 1 day |
#2 Plus500
Deposit and withdrawal
5 stars
Plus500's deposit and withdrawal are both great. You have many options, the process is easy-to-do and usually free of charge.
- Credit/Debit card deposit and withdrawal available
- Free deposit
- User-friendly
- Five withdrawal per month is free
| XTB | Plus500 | Pepperstone | Markets.com | |
|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | Yes | Yes | Yes |
| Electronic wallets | No | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $20 | $0 |
#2 Plus500
Markets and products
2 stars
At Plus500 you can trade only with CFDs and forex. There are a lot CFDs, you can choose from almost 2,000.
| XTB | Plus500 | Pepperstone | Markets.com | |
|---|---|---|---|---|
| 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 |
#2 Plus500
Web trading platform
4 stars
Plus500 trading platform is very easy-to-use and also looks great. On the flip side, it cannot be customized.
- User-friendly
- Two-step (safe) login
- Good search function
- Available in more languages
- Limited customizability (for chart, for workspace)
| XTB | Plus500 | Pepperstone | Markets.com | |
|---|---|---|---|---|
| Web platform score | ||||
| Mobile platform score | ||||
| Desktop platform score | - | - |
#2 Plus500
Verdict
Plus500 is a good broker. It is for traders aware of the risks of CFD trading.
Is plus 500 safe? It is considered safe because it is listed on the London Stock Exchange and regulated by the FCA. If you are not from the UK, you will be most likely served by Plus500 Cyprus, and hence the Cypriot investor protection will apply.
Daytraders! At Plus500 scalping is defined as "A trading strategy where a significant portion of the customer's positions are opened and closed by him/her within 2 minutes." If Plus500 believes you were following this strategy, your account might be blocked and closed. So if you plan to execute trades within 2 minutes, Plus500 is not your broker.
On the bright side, Plus500 platform is easy-to-use with a great user experience. Even the first time user can navigate the app with ease. Spreads are competitive, but there are really high financing rates. Therefore, fees can be really high. For this fee level, some research tools would have been nice.
As there is no minimum balance, no withdrawal fee above $100, withdrawal and inactivity fee only kicks in after three months, feel free to try it out.
#3 Best international online brokers for citizens in the Central African Republic
Pepperstone
4.4
4 stars
Best customer support
Pepperstone is an Australian forex broker offering some CFDs too. It was established in 2010 and in 2015 it opened offices in London to better serve their European clients.
Pepperstone is considered safe as it is regulated by top-tier regulators, 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. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex traders wanting to trade with a lot of FX pairs.
- Great customer service
- User-friendly and fast account opening
- Easy-to-use and nice looking platforms
- Limited product portfolio
- Limited research
- Limited education
#3 Pepperstone
Fees
4 stars
Pepperstone has low trading fees and average non-trading fees. It has no inactivity fee. On the flip side, the withdrawal fee is high.
- Low trading fees
- No inactivity fee
- Transparent fee structure
- Withdrawal fee
| XTB | Plus500 | Pepperstone | Markets.com | |
|---|---|---|---|---|
| Apple benchmark fee | $18.1 | $8.9 | - | $5.6 |
| Vodafone benchmark fee | $24.4 | $7.6 | - | $6.8 |
| EURUSD benchmark fee | $17.1 | $17.6 | $17.6 | $28.6 |
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
#3 Pepperstone
Account opening
4 stars
Pepperstone account opening is great. It is fully digital and user-friendly. On the flip side, it can take more days.
- Account opening fully digital
- User-friendly
- Many account types
- No minimum deposit for Standard Account
- It can take 4-5 business days
| XTB | Plus500 | Pepperstone | Markets.com | |
|---|---|---|---|---|
| Minimum deposit | $250 | $114 | $0 | $100 |
| Time to open account | 1 day | 1 day | 1-3 days | 1 day |
#3 Pepperstone
Deposit and withdrawal
4 stars
Pepperstone offers a lot of deposit options and it is user-friendly. The withdrawal fees are high.
- User-friendly
- Free bank and electronic wallets deposit
- Free credit and debit cards withdrawal
- High withdrawal fee
| XTB | Plus500 | Pepperstone | Markets.com | |
|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | Yes | Yes | Yes |
| Electronic wallets | No | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $20 | $0 |
#3 Pepperstone
Markets and products
1 stars
At Pepperstone, you can trade only forex, some CFDs, and cryptos.
| XTB | Plus500 | Pepperstone | Markets.com | |
|---|---|---|---|---|
| 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 |
#3 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 flip side, it lacks the two-step login.
- User-friendly
- Good search function
- Good customizability (for chart, for workspace)
- No two-step (safe) login
| XTB | Plus500 | Pepperstone | Markets.com | |
|---|---|---|---|---|
| Web platform score | ||||
| Mobile platform score | ||||
| Desktop platform score | - | - |
#3 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. The research and education can be improved, there are not a lot of tools and options.
Feel free to try Pepperstone. There is no inactivity fee and minimum deposit for standard accounts.
#4 Best international online brokers for citizens in the Central African Republic
Markets.com
4.3
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 fees
- Account open is seamless and fast
- Innovative research tools
- Limited product portfolio, only CFDs
- Not FCA regulated, Cysec and FSB only
#4 Markets.com
Fees
4 stars
Markets.com has low trading and non-trading fees.
- Low trading fees
- Low non-trading fees
- No withdrawal fee
- No inactivity fee
- Low financing rate
- Not transparent fee structure
- Financing rate calculation is opaque
| XTB | Plus500 | Pepperstone | Markets.com | |
|---|---|---|---|---|
| Apple benchmark fee | $18.1 | $8.9 | - | $5.6 |
| Vodafone benchmark fee | $24.4 | $7.6 | - | $6.8 |
| EURUSD benchmark fee | $17.1 | $17.6 | $17.6 | $28.6 |
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
#4 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 account opening
- Account opening fully digital
- User-friendly
- $/€/£100 minimum funding
| XTB | Plus500 | Pepperstone | Markets.com | |
|---|---|---|---|---|
| Minimum deposit | $250 | $114 | $0 | $100 |
| Time to open account | 1 day | 1 day | 1-3 days | 1 day |
#4 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 deposit and withdrawal available
- Free deposit
- Several account base currencies
- None
| XTB | Plus500 | Pepperstone | Markets.com | |
|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | Yes | Yes | Yes |
| Electronic wallets | No | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $20 | $0 |
#4 Markets.com
Markets and products
2 stars
At Markets.com you can trade only with CFDs, forex, and cryptos.
| XTB | Plus500 | Pepperstone | Markets.com | |
|---|---|---|---|---|
| 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 |
#4 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 more languages
- No two-step (safe) login
- Limited order types
- No order confirmation available
| XTB | Plus500 | Pepperstone | Markets.com | |
|---|---|---|---|---|
| Web platform score | ||||
| Mobile platform score | ||||
| Desktop platform score | - | - |
#4 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. Its spreads are not so competitive, but there is no withdrawal or inactivity fee. It has also 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.
Best international online brokers for citizens in the Central African Republic
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 the Central African Republic?
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 the Central African Republic
Bottom line
You saw the details, now let's zoom out. Here are the best international online brokers of 2019 for citizens in the Central African Republic:
| XTB | Plus500 | Pepperstone | Markets.com | |
|---|---|---|---|---|
| Overall score | 4.5 | 4.4 | 4.4 | 4.3 |
| Award | Best CFD broker | Best customer support | ||
| Fees score | ||||
| Account opening score | ||||
| Deposit and withdrawal score | ||||
| Markets and products score | ||||
| Web platform score | ||||
| Visit broker | Visit broker | Visit broker | Visit broker |
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.
