To help you find the best online brokers in 2021, we went ahead and did the research for you. First, we selected 91 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 the Central African Republic. 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 the Central African Republic:
- XTB is the best international online broker in 2021. Low forex fees. Free and fast deposit and withdrawal. Easy and fast account opening.
- Fusion Markets takes second place. Low trading and non-trading fees. Fast and easy account opening. Great customer service.
- Tickmill rounds out the top three. Low forex fees. Fast and easy account opening. Free deposit and withdrawal.
- NinjaTrader, numero quattro. Low trading fees. Great platform and research. Quality educational materials.
- IC Markets just made it to the list at in fifth place. Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
| Broker | Info | Score | Best in | |
|---|---|---|---|---|
| #1 | XTB | Global CFD and forex broker | 4.7 | Best CFD broker |
| #2 | Fusion Markets | Australian forex broker | 4.6 | Best discount forex broker |
| #3 | Tickmill | Global forex broker | 4.5 | |
| #4 | NinjaTrader | Global platform provider focusing on futures trading | 4.4 | Best broker for futures |
| #5 | IC Markets | 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 the Central African Republic one by one, starting with the winner, XTB.
#1 Best international online brokers for citizens in the Central African Republic
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. 77% 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 | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| US stock | $10.0 | - | - | - | - |
| UK stock | $12.0 | - | - | - | - |
| EURUSD benchmark fee | $8.5 | $5.2 | $6.9 | - | $7.0 |
| AUDUSD benchmark fee | $5.8 | $4.4 | $4.3 | - | $5.6 |
| GBPUSD benchmark fee | $5.8 | $3.6 | $4.7 | - | $5.0 |
| S&P 500 index CFD fee | $1.5 | $0.0 | $1.6 | - | $1.7 |
| Europe 50 index CFD fee | $1.9 | $1.6 | $1.6 | - | $1.7 |
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 | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $100 | $400 | $200 |
| Time to open account | 1 day | 1 day | 1 day | >3 days | 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 | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| 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 |
#1 XTB
Markets and products
XTB's default selection includes only CFDs, forex and crypto. Some European clients can also trade real stocks and ETFs. Popular assets like bonds, mutual funds, options or futures are not available.
| XTB | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| Stock | Yes | No | No | No | No |
| ETF | Yes | No | 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 | No | Yes | Yes |
#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 | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| Web platform score | 4.4 stars | 2.8 stars | 2.8 stars | - | 2.8 stars |
| Mobile platform score | 4.4 stars | 3.8 stars | 3.8 stars | - | 3.8 stars |
| Desktop platform score | 4.4 stars | 3.4 stars | 3.4 stars | 4.8 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 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 | 3.8 stars |
| Recommended for | Forex and CFD traders looking for low fees and great deposit/withdrawal service |
#2 Best international online brokers for citizens in the Central African Republic
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 |
#2 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 | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| US stock | $10.0 | - | - | - | - |
| UK stock | $12.0 | - | - | - | - |
| EURUSD benchmark fee | $8.5 | $5.2 | $6.9 | - | $7.0 |
| AUDUSD benchmark fee | $5.8 | $4.4 | $4.3 | - | $5.6 |
| GBPUSD benchmark fee | $5.8 | $3.6 | $4.7 | - | $5.0 |
| S&P 500 index CFD fee | $1.5 | $0.0 | $1.6 | - | $1.7 |
| Europe 50 index CFD fee | $1.9 | $1.6 | $1.6 | - | $1.7 |
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 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 | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $100 | $400 | $200 |
| Time to open account | 1 day | 1 day | 1 day | >3 days | 1 day |
#2 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 | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| 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 |
#2 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 | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| Stock | Yes | No | No | No | No |
| ETF | Yes | No | 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 | No | Yes | Yes |
#2 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 | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| Web platform score | 4.4 stars | 2.8 stars | 2.8 stars | - | 2.8 stars |
| Mobile platform score | 4.4 stars | 3.8 stars | 3.8 stars | - | 3.8 stars |
| Desktop platform score | 4.4 stars | 3.4 stars | 3.4 stars | 4.8 stars | 3.4 stars |
#2 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 | 4.9 stars |
| Recommended for | Forex traders looking for low fees and a chance to use the MetaTrader 4 platform |
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#3 Best international online brokers for citizens in the Central African Republic
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 |
#3 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 | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| US stock | $10.0 | - | - | - | - |
| UK stock | $12.0 | - | - | - | - |
| EURUSD benchmark fee | $8.5 | $5.2 | $6.9 | - | $7.0 |
| AUDUSD benchmark fee | $5.8 | $4.4 | $4.3 | - | $5.6 |
| GBPUSD benchmark fee | $5.8 | $3.6 | $4.7 | - | $5.0 |
| S&P 500 index CFD fee | $1.5 | $0.0 | $1.6 | - | $1.7 |
| Europe 50 index CFD fee | $1.9 | $1.6 | $1.6 | - | $1.7 |
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 Tickmill
Account opening
Tickmill has a fast and easy account opening process, with quick verification. The minimum deposit is low, at just $100.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| XTB | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $100 | $400 | $200 |
| Time to open account | 1 day | 1 day | 1 day | >3 days | 1 day |
#3 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 | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| 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 |
#3 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 | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| Stock | Yes | No | No | No | No |
| ETF | Yes | No | 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 | No | Yes | Yes |
#3 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 | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| Web platform score | 4.4 stars | 2.8 stars | 2.8 stars | - | 2.8 stars |
| Mobile platform score | 4.4 stars | 3.8 stars | 3.8 stars | - | 3.8 stars |
| Desktop platform score | 4.4 stars | 3.4 stars | 3.4 stars | 4.8 stars | 3.4 stars |
#3 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 | 4.4 stars |
| Recommended for | Forex traders looking for low fees and prefer MetaTrader 4 platform |
#4 Best international online brokers for citizens in the Central African Republic
NinjaTrader
NinjaTrader is a US-based software company that 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 and Dorman Trading. The introducing broker status means that your assets and cash are held with a broker, like Phillip Capital, but the platform, 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 top-tier financial authorities such as the US Commodity Futures Trading Commission (CFTC) and the UK's Financial Conduct Authority (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
NinjaTrader has low trading fees for futures and options on futures. The fee structure is transparent. On the negative side, there is a high withdrawal fee.
| Pros | Cons |
|---|---|
| • Low trading fees | • High withdrawal fee |
| • Transparent fee structure |
| XTB | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| US stock | $10.0 | - | - | - | - |
| UK stock | $12.0 | - | - | - | - |
| EURUSD benchmark fee | $8.5 | $5.2 | $6.9 | - | $7.0 |
| AUDUSD benchmark fee | $5.8 | $4.4 | $4.3 | - | $5.6 |
| GBPUSD benchmark fee | $5.8 | $3.6 | $4.7 | - | $5.0 |
| S&P 500 index CFD fee | $1.5 | $0.0 | $1.6 | - | $1.7 |
| Europe 50 index CFD fee | $1.9 | $1.6 | $1.6 | - | $1.7 |
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 NinjaTrader
Account opening
NinjaTrader's account opening is fully digital and the minimum deposit is low, at $400. On the other hand, account verification can take a long time, as much as 4-5 business days, and the account opening process is a bit complicated.
| Pros | Cons |
|---|---|
| • Fully digital | • Slow |
| • Low minimum deposit |
| XTB | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $100 | $400 | $200 |
| Time to open account | 1 day | 1 day | 1 day | >3 days | 1 day |
#4 NinjaTrader
Deposit and withdrawal
NinjaTrader's deposit and withdrawal services could be better. 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 withdrawals are quick.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card not available |
| • Quick withdrawal, less than 1 business day | • High withdrawal fee |
| XTB | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| 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 |
#4 NinjaTrader
Markets and products
At NinjaTrader Brokerage you can trade only futures and options on futures. To trade popular asset classes like stocks or spot forex, you have to connect your existing brokerage account to NinjaTrader.
| XTB | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| Stock | Yes | No | No | No | No |
| ETF | Yes | No | 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 | No | Yes | Yes |
#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, with a broker like Interactive Brokers or Oanda.
| XTB | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| Web platform score | 4.4 stars | 2.8 stars | 2.8 stars | - | 2.8 stars |
| Mobile platform score | 4.4 stars | 3.8 stars | 3.8 stars | - | 3.8 stars |
| Desktop platform score | 4.4 stars | 3.4 stars | 3.4 stars | 4.8 stars | 3.4 stars |
#4 NinjaTrader
Verdict
NinjaTrader is a great platform for futures trading.
On the plus side, we liked the low commissions. Its advanced platform is great for experienced traders, especially for futures traders. The educational material provided by Ninja is well structured and they have an active user forum as well.
NinjaTrader Brokerage has some drawbacks though. The fees for withdrawal are high, at $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 that has an excellent desktop application for advanced users, particularly futures traders. NinjaTrader is an NFA-registered company and an introducing broker of brokers like Phillip Capital and Dorman Trading. |
| Fees score | 4.5 stars |
| Recommended for | Active traders focusing on futures |
#5 Best international online brokers for citizens in the Central African Republic
IC Markets
IC Markets is an Australia-based global forex broker that was founded in 2007. The company has several branches and is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Seychelles Financial Supervisory Authority (FSA) and the Australian Securities and Investments Commission (ASIC).
IC Markets is considered safe because it is regulated by the top-tier ASIC.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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 who value easy account opening and free deposit/withdrawal options
| Pros | Cons |
|---|---|
| • Low forex fees | • Limited product selection |
| • Easy and fast account opening | • Slow live chat support |
| • Free deposit and withdrawal | • No investor protection for non-EU clients |
#5 IC Markets
Fees
IC Markets has low trading and non-trading fees. There is no inactivity or withdrawal fee. On the negative side, financing rates for CFDs are high.
| Pros | Cons |
|---|---|
| • Low trading fees | • High financing rate for CFDs |
| • Low non-trading fees | |
| • Low forex fees |
| XTB | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| US stock | $10.0 | - | - | - | - |
| UK stock | $12.0 | - | - | - | - |
| EURUSD benchmark fee | $8.5 | $5.2 | $6.9 | - | $7.0 |
| AUDUSD benchmark fee | $5.8 | $4.4 | $4.3 | - | $5.6 |
| GBPUSD benchmark fee | $5.8 | $3.6 | $4.7 | - | $5.0 |
| S&P 500 index CFD fee | $1.5 | $0.0 | $1.6 | - | $1.7 |
| Europe 50 index CFD fee | $1.9 | $1.6 | $1.6 | - | $1.7 |
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 IC Markets
Account opening
The account opening process at IC Markets is user-friendly and fully digital. It was also very quick, as our account was approved within a day.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| XTB | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $100 | $400 | $200 |
| Time to open account | 1 day | 1 day | 1 day | >3 days | 1 day |
#5 IC Markets
Deposit and withdrawal
IC Markets's deposit and withdrawal services are great, with many options available, mostly free of charge. On the negative side, international bank withdrawals are expensive.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • AUD 20 fee for international bank withdrawal |
| • No deposit fee | |
| • Several account base currencies |
| XTB | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| 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 |
#5 IC Markets
Markets and products
At IC Markets, you can trade only forex and CFDs. This means that many popular asset classes, such as real stocks or ETFs, are not available.
| XTB | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| Stock | Yes | No | No | No | No |
| ETF | Yes | No | 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 | No | Yes | Yes |
#5 IC Markets
Web trading platform
The web trading platform of IC Markets is provided by MetaTrader. It is highly customizable, available in many languages, and has a clear fee report. On the other hand, it lacks a two-step login and 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 | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| Web platform score | 4.4 stars | 2.8 stars | 2.8 stars | - | 2.8 stars |
| Mobile platform score | 4.4 stars | 3.8 stars | 3.8 stars | - | 3.8 stars |
| Desktop platform score | 4.4 stars | 3.4 stars | 3.4 stars | 4.8 stars | 3.4 stars |
#5 IC Markets
Verdict
IC Markets is a great forex broker.
Its forex fees are low and opening an account is fast and easy. Deposits and withdrawals are free and the process is user-friendly. The education section of the website is also a plus.
On the other hand, IC Markets offers only forex and CFD products for trading. In addition, live chat support could be better, and non-EU clients are not covered by any investor protection scheme.
Feel free to try IC Markets, as you can have an account within a day and there is no inactivity fee.
| IC Markets | |
|---|---|
| Summary | IC Markets is a global forex and CFD broker. The company is regulated by finanacial authorities globally, including the top-tier ASIC. |
| Fees score | 4.4 stars |
| Recommended for | Forex and CFD traders who value easy account opening and free deposit/withdrawal options |
Best international online brokers for citizens in the Central African Republic
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 the Central African Republic
Bottom line
These were the details, now let's zoom out. Here are the best international online brokers of 2021 for citizens in the Central African Republic:
| XTB | Fusion Markets | Tickmill | NinjaTrader | IC Markets | |
|---|---|---|---|---|---|
| Overall score | 4.7 | 4.6 | 4.5 | 4.4 | 4.5 |
| Best in | Best CFD broker | Best discount forex broker | Best broker for futures | ||
| Fees score | 3.8 stars | 4.9 stars | 4.4 stars | 4.5 stars | 4.4 stars |
| Account opening score | 5.0 stars | 5.0 stars | 5.0 stars | 3.8 stars | 5.0 stars |
| Deposit and withdrawal score | 4.5 stars | 4.3 stars | 4.5 stars | 1.6 stars | 4.9 stars |
| Markets and products score | 2.8 stars | 1.8 stars | 1.4 stars | 1.7 stars | 1.8 stars |
| Web platform score | 4.4 stars | 2.8 stars | 2.8 stars | - | 2.8 stars |
| Mobile platform score | 4.4 stars | 3.8 stars | 3.8 stars | - | 3.8 stars |
|
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73% 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 the Central African Republic 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.
