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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 63 brokers, 5 made it to the top. We highly recommend all 5 to you. And now, without further ado...
The top 5 picks for the best international online brokers of 2020 for citizens in the Central African Republic:
- XTB is the number one international online broker in 2020. Low forex and stock index CFD fees. Free and fast deposit and withdrawal. Easy and fast account opening.
- Pepperstone is your runner-up. Low forex and equity index CFD fees. Great customer service. Seamless and free deposit and withdrawal.
- IC Markets rounds out the top three. Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
- XM, numero quatro. Low CFD and withdrawal fees. Easy and fast account opening. Great educational tools.
- ATFX. Low fees. Fast and easy account opening. Multiple deposit and withdrawal options for free. Just made it to the list at number five.
| Broker | Info | Score | Best in | |
|---|---|---|---|---|
| #1 | XTB | Global CFD and forex broker | 4.6 | Best CFD broker |
| #2 | Pepperstone | Australian forex broker | 4.4 | |
| #3 | IC Markets | Australian forex broker | 4.4 | |
| #4 | XM | Global CFD and forex broker | 4.4 | |
| #5 | ATFX | Global CFD and forex broker | 4.4 |
What makes a good online broker? First of all, they must offer fair fees and have a good safety score. It should also be easy to open an account and deposit money. They should give you access to many products, and they need to have a great trading platform.
Easy to list, but hard to figure out. That’s why we are testing brokers along more than 100 criteria, using real accounts and real money. We know what's up. You can find all the ranking criteria in our methodology.
Not sure which broker? For a tailored recommendation, check out our broker finder tool. You can enter your country, and it will narrow down the list of brokers to those that are available where you live. Want more details? Compare brokers with this detailed comparison table.
And now, let's see the best international online brokers in 2020 for citizens in 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. The company is regulated by several financial authorities worldwide, including the UK's Financial Conduct Authority (FCA) and the Polish Financial Supervision Authority (KNF). XTB is listed on the Warsaw Stock Exchange.
XTB is considered safe because it is regulated by at least one top-tier financial authority, the FCA, and is listed on a stock exchange.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service
| Pros | Cons |
|---|---|
| • Low forex and stock index CFD fees | • High fee for stock CFD |
| • Free and fast deposit and withdrawal | • Limited product portfolio, mostly CFD and FX |
| • Easy and fast account opening | • Poor email support |
#1 XTB
Fees
XTB has low trading fees and low non-trading fees. Within trading fees, there are low fees for forex and stock index CFDs. On the other hand, stock CFD fees are high.
| Pros | Cons |
|---|---|
| • Low trading fees | • High stock CFD fees |
| • Low non-trading fees | |
| • No withdrawal fee |
| XTB | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| US stock | $10.0 | - | - | $0.0 | - |
| UK stock | $10.0 | - | - | - | - |
| EURUSD benchmark fee | $15.0 | $14.9 | $15.8 | $17.1 | $10.5 |
All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.
#1 XTB
Account opening
XTB's account opening process is hassle-free, fully digital and straightforward. Your account will be ready for trading on the same day.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| XTB | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| Minimum deposit | $250 | $0 | $200 | $5 | $500 |
| Time to open account | 1 day | 1 day | 1 day | 1 day | 1 day |
#1 XTB
Deposit and withdrawal
XTB deposits and withdrawals are cost-friendly, fast, and can be done in several forms.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | None |
| • Free withdrawal | |
| • No deposit fee |
| XTB | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | Yes | Yes | Yes | Yes |
| Electronic wallets | No | Yes | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#1 XTB
Markets and products
XTB's product selection covers only CFDs, forex and crypto assets. Some European clients can also trade with real stocks and ETFs. Popular asset classes like bonds, mutual funds, options and futures are not available.
| XTB | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| Stock | Yes | No | No | Yes | No |
| ETF | Yes | No | 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 | 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, a two-step login is not available.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Clear fee report | |
| • Good search function |
| XTB | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| Web platform score | 4.4 | 2.8 | 2.8 | 2.8 | 2.8 |
| Mobile platform score | 4.3 | 3.8 | 3.8 | 3.8 | 3.8 |
| Desktop platform score | 4.4 | 3.3 | 3.3 | 3.3 | 3.3 |
#1 XTB
Verdict
XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA, and it is listed on the Warsaw Stock Exchange.
On the plus side, its forex and stock index CFD fees are low and the deposit and withdrawal process is free and fast. We also liked the seamless and hassle-free account opening process.
XTB has some drawbacks, though. The 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. Lastly, its email support did not reply to our queries.
We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options and a 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 and Poland's KNF. |
| Fees score | 4.0 |
| 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
Pepperstone
Pepperstone is an Australian forex broker that also offers some CFDs. It was established in 2010 and opened a London office in 2015 to be able to better serve its European clients.
Pepperstone is considered safe since it's regulated by two top-tier financial authorities, the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.5% 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 good customer service
| Pros | Cons |
|---|---|
| • Low forex and equity index CFD fees | • Only forex, CFDs, and crypto |
| • Great customer service | • Basic news flow, no fundamental data |
| • Seamless and free deposit and withdrawal | • No investor protection for non-EU clients |
#2 Pepperstone
Fees
Pepperstone has low forex and equity index fees. Non-trading fees are low as well, as no inactivity or account fee is charged. On the negative side, CFD financing rates, i.e. fees for holding CFD positions overnight, are high.
| Pros | Cons |
|---|---|
| • Low trading fees | • High financing rate for CFDs |
| • Low non-trading fees | |
| • Low forex fees |
| XTB | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| US stock | $10.0 | - | - | $0.0 | - |
| UK stock | $10.0 | - | - | - | - |
| EURUSD benchmark fee | $15.0 | $14.9 | $15.8 | $17.1 | $10.5 |
All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.
#2 Pepperstone
Account opening
Pepperstone's account opening is great. It is fully digital, user-friendly, and requires no minimum deposit for the Standard account.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| XTB | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| Minimum deposit | $250 | $0 | $200 | $5 | $500 |
| Time to open account | 1 day | 1 day | 1 day | 1 day | 1 day |
#2 Pepperstone
Deposit and withdrawal
Pepperstone provides plenty of options for deposit and withdrawal, as well as a wide selection of account base currencies. However, there is a high, $20 fee for bank withdrawals for clients outside the EU and Australia.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • High bank withdrawal fee for clients outside the EU/Australia |
| • No deposit fee | |
| • Several account base currencies |
| XTB | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | Yes | Yes | Yes | Yes |
| Electronic wallets | No | Yes | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#2 Pepperstone
Markets and products
At Pepperstone you can only trade with forex, some CFDs, and cryptos.
| XTB | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| Stock | Yes | No | No | Yes | No |
| ETF | Yes | No | 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 | Yes |
#2 Pepperstone
Web trading platform
Pepperstone's web trading platform is provided by MetaTrader. It is highly customizable, available in many languages, and has a clear fee report. On the other hand, it lacks two-step login and price alerts, and its design is outdated.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | • No price alerts |
| • Order confirmation |
| XTB | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| Web platform score | 4.4 | 2.8 | 2.8 | 2.8 | 2.8 |
| Mobile platform score | 4.3 | 3.8 | 3.8 | 3.8 | 3.8 |
| Desktop platform score | 4.4 | 3.3 | 3.3 | 3.3 | 3.3 |
#2 Pepperstone
Verdict
Pepperstone is a great forex broker, regulated by the top-tier FCA and ASIC.
Forex and equity index fees are low. Customer service is great, giving you relevant answers within a short time. Deposit and withdrawal are a breeze, with no fees charged.
On the other hand, Pepperstone provides only forex, CFDs and cryptos to trade with. There are no fundamental research tools, and the quality of news feeds is poor. Lastly, there is no investor protection for non-EU clients.
Feel free to try Pepperstone since there is no inactivity fee or minimum deposit for standard accounts.
| Pepperstone | |
|---|---|
| Summary | Pepperstone is a forex and CFD broker regulated by both the UK FCA and the ASIC in Australia. |
| Fees score | 4.3 |
| Recommended for | Forex traders looking for low fees and good customer service |
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#3 Best international online brokers for citizens in the Central African Republic
IC Markets
IC Markets is an Australian forex broker that was founded in 2007. The company is considered safe because it is regulated by the top-tier Australian Securities and Investments Commission (ASIC).
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 who value easy account opening and free deposit/withdrawal options
| Pros | Cons |
|---|---|
| • Low forex fees | • No investor protection |
| • Easy and fast account opening | • No negative balance protection |
| • Free deposit and withdrawal | • Only forex, CFD and crypto trading |
#3 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 | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| US stock | $10.0 | - | - | $0.0 | - |
| UK stock | $10.0 | - | - | - | - |
| EURUSD benchmark fee | $15.0 | $14.9 | $15.8 | $17.1 | $10.5 |
All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.
#3 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 | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| Minimum deposit | $250 | $0 | $200 | $5 | $500 |
| Time to open account | 1 day | 1 day | 1 day | 1 day | 1 day |
#3 IC Markets
Deposit and withdrawal
IC Markets's depositing and withdrawal services are great. There are no fees for either and many options are available for moving your money in and out.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | None |
| • Free withdrawal | |
| • No deposit fee |
| XTB | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | Yes | Yes | Yes | Yes |
| Electronic wallets | No | Yes | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#3 IC Markets
Markets and products
At IC Markets, you can trade only with forex, some CFDs, and crypto products, no other assets are available.
| XTB | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| Stock | Yes | No | No | Yes | No |
| ETF | Yes | No | 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 | Yes |
#3 IC Markets
Web trading platform
The web trading platform of IC Markets is provided by MetaTrader. It is highly customizable, available in a lot of 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 | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| Web platform score | 4.4 | 2.8 | 2.8 | 2.8 | 2.8 |
| Mobile platform score | 4.3 | 3.8 | 3.8 | 3.8 | 3.8 |
| Desktop platform score | 4.4 | 3.3 | 3.3 | 3.3 | 3.3 |
#3 IC Markets
Verdict
IC Markets is a great forex and CFD broker.
Its forex fees are low and account opening is fast and easy. Deposits and withdrawals are free and user-friendly. The education section of its website is also a plus.
On the other hand, IC Markets offers only forex, CFD and crypto trading. It also does not provide any investor or negative balance protection.
Feel free to try IC Markets, as you will have an account within a day and there is no inactivity fee.
| IC Markets | |
|---|---|
| Summary | IC Markets is a global forex and CFD broker. |
| Fees score | 4.3 |
| Recommended for | Forex traders who value easy account opening and free deposit/withdrawal options |
#4 Best international online brokers for citizens in the Central African Republic
XM
Trading Point Holding, XM's parent company, is a global CFD and FX broker founded in 2009. Trading Point Holding has two brands, XM and Trading.com.
XM is available globally and is regulated by three financial authorities: the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission of Belize (IFSC).
Trading.com was launched in 2019 and is available only for EEA residents, except those living in Belgium, Cyprus, Greece and Switzerland. Trading.com is regulated by the UK's Financial Conduct Authority (FCA).
In this review, we focus on the XM brand.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.10% 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. Risk warnings are shown on the website but they are unclear on percentages
Recommended for forex and cfd traders who prefer metatrader platforms and seek low trading fees
| Pros | Cons |
|---|---|
| • Low CFD and withdrawal fees | • Only CFDs, forex, cryptos for Europeans |
| • Easy and fast account opening | • Average forex fees |
| • Great educational tools | • Inactivity fee |
#4 XM
Fees
XM has low trading fees for CFDs and charges no withdrawal fee. On the other hand, forex fees are average, and there is a fee for inactivity.
| Pros | Cons |
|---|---|
| • Low CFD fees | • Inactivity fee |
| • No withdrawal fee | • Average FX fees |
| XTB | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| US stock | $10.0 | - | - | $0.0 | - |
| UK stock | $10.0 | - | - | - | - |
| EURUSD benchmark fee | $15.0 | $14.9 | $15.8 | $17.1 | $10.5 |
All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.
#4 XM
Account opening
XM account opening is hassle-free and straightforward. Your account is ready for trading on the same day.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| XTB | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| Minimum deposit | $250 | $0 | $200 | $5 | $500 |
| Time to open account | 1 day | 1 day | 1 day | 1 day | 1 day |
#4 XM
Deposit and withdrawal
XM's deposit and withdrawal functions are fast and inexpensive, and offer you several options.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | None |
| • Free withdrawal | |
| • No deposit fee | |
| • Free wire withdrawal above $200 |
| XTB | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | Yes | Yes | Yes | Yes |
| Electronic wallets | No | Yes | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#4 XM
Markets and products
At XM, you can trade CFDs, forex and cryptos; non-European clients can also trade some real stocks. There are no ETFs, mutual funds, bonds, options or futures.
| XTB | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| Stock | Yes | No | No | Yes | No |
| ETF | Yes | No | 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 | Yes |
#4 XM
Web trading platform
XM'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 price alerts |
| • Good customizability (for charts, workspace) | • Outdated design |
| XTB | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| Web platform score | 4.4 | 2.8 | 2.8 | 2.8 | 2.8 |
| Mobile platform score | 4.3 | 3.8 | 3.8 | 3.8 | 3.8 |
| Desktop platform score | 4.4 | 3.3 | 3.3 | 3.3 | 3.3 |
#4 XM
Verdict
XM is regulated by several authorities globally, including the top-tier ASIC.
On the plus side, we liked the low CFD and withdrawal fees. The account opening process is seamless and hassle-free. There is a wide range of educational tools of great quality.
XM has some drawbacks though. Its product range is limited to FX, CFDs and cryptos, with stock trading only available for non-European users. Its forex fees are average, and a monthly $5 fee is charged after three months of inactivity.
We recommend XM for those who are interested in CFD and forex trading and prefer MetaTrader trading platforms. Feel free to test it via the demo account.
| XM | |
|---|---|
| Summary | XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC. |
| Fees score | 3.8 |
| Recommended for | Forex and CFD traders who prefer MetaTrader platforms and seek low trading fees |
#5 Best international online brokers for citizens in the Central African Republic
ATFX
AT Group is a global financial group and ATFX is the brand of branches providing CFD/forex trading services. ATFX has four legal entities with different regulations and services. In this review, we tested the service of AT Global Markets (UK) Limited, which 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. 67.76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex and cfd traders familiar with the metatrader 4 trading platform
| Pros | Cons |
|---|---|
| • Low fees | • Limited product portfolio |
| • Fast and easy account opening | • Pushy sales team |
| • Multiple deposit and withdrawal options for free | • No fundamental data |
#5 ATFX
Fees
ATFX has great fees. It charges low fees both for CFD and forex. There are also no inactivity and withdrawal fees.
| Pros | Cons |
|---|---|
| • Low trading fees | None |
| • Low non-trading fees | |
| • No withdrawal fee |
| XTB | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| US stock | $10.0 | - | - | $0.0 | - |
| UK stock | $10.0 | - | - | - | - |
| EURUSD benchmark fee | $15.0 | $14.9 | $15.8 | $17.1 | $10.5 |
All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.
#5 ATFX
Account opening
ATFX has a user-friendly and fully digital account opening. In most cases, the account approval takes no more than 1-2 business days. On the flip side, the sales team is pushy and the required minimum deposit can be high.
| Pros | Cons |
|---|---|
| • Fast | • Sales team pushy |
| • Fully digital | • High minimum deposit for accounts, except Standard Account |
| • User-friendly |
| XTB | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| Minimum deposit | $250 | $0 | $200 | $5 | $500 |
| Time to open account | 1 day | 1 day | 1 day | 1 day | 1 day |
#5 ATFX
Deposit and withdrawal
ATFX offers free and fast deposit and withdrawal. There are various options for funding your account, including bank transfer, credit/debit cards, as well as electronic wallets.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | None |
| • Free withdrawal | |
| • No deposit fee |
| XTB | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | Yes | Yes | Yes | Yes |
| Electronic wallets | No | Yes | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#5 ATFX
Markets and products
ATFX provides only forex, CFDs and cryptos. However, it lacks popular asset classes, such as real stocks, mutual funds, or bonds.
| XTB | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| Stock | Yes | No | No | Yes | No |
| ETF | Yes | No | 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 | Yes |
#5 ATFX
Web trading platform
The web trading platform of ATFX is provided by MetaTrader. It is highly customizable, available in a lot of 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 | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| Web platform score | 4.4 | 2.8 | 2.8 | 2.8 | 2.8 |
| Mobile platform score | 4.3 | 3.8 | 3.8 | 3.8 | 3.8 |
| Desktop platform score | 4.4 | 3.3 | 3.3 | 3.3 | 3.3 |
#5 ATFX
Verdict
ATFX is regulated by more financial authorities globally, including the top-tier FCA.
On the plus side, ATFX has low CFD and forex fees. The account opening is easy and multiple options are offered for deposit and withdrawal, which are free of charge.
ATFX has some drawbacks though. The product range is limited to FX, CFDs, and cryptos. The sales team is pushy and fundamental data research is missing.
As the trading fees are low and you can use a demo account, feel free to try ATFX.
| ATFX | |
|---|---|
| Summary | ATFX is the forex/CFD brokerage arm of global financial group AT Group. It is regulated by several financial authorities globally, such as the UK FCA or CySEC of Cyprus. |
| Fees score | 4.7 |
| Recommended for | Forex and CFD traders familiar with the MetaTrader 4 trading platform |
Best international online brokers for citizens in the Central African Republic
What makes a good online broker
Now you know the top 5. You are probably curious about how we came up with this list. Let's go through a few points quickly. What is an online broker? Why do we think these brokers are safe? What are the most important factors when selecting the best online brokers?
What is an online broker?
Thirty years ago if you wanted to buy a stock, you had to pick up the phone and call your broker, who executed the transaction in return for a commission. Brokers were like in the Wolf of Wall Street movie. They were checking the stocks' prices while holding a telephone and shouting. Everything changed after the internet appeared. Nowadays if you want to buy Apple shares, you open online an account, deposit money, and make the order through the brokers' online platform. These brokers are the online brokers. Online brokers help you buying and selling securities, like stocks. After making your order, the online broker executes it immediately. Everything is online.
Are these brokers safe?
You can be sure none of them is a scam. They are regulated by top-tier authorities. Some of them are also listed on an exchange, while some have a banking background.
However, also brokerage companies can go down. Remember Lehman Brothers? In these cases, it is important to know what happens with your securities and cash. These are usually held in segregated accounts, so even in case of a broker bankruptcy, you are safe.
If everything goes very bad and for example, the broker steals your assets, then you have a last resort, the compensation fund of the country where the broker is regulated.
How did BrokerChooser pick the best international online brokers for a citizen in the Central African Republic?
At BrokerChooser, we test online brokers along more than 100 criteria, using real accounts and real money. We don’t want to overwhelm you, so for now we’ll just list the five most important criteria.
The five most important criteria for best international online brokers are:
| 1. Fees | The trading fee of a typical US equity trade can be 50 times higher at one online broker compared to another. Worth to check the fees. |
| 2. Account opening | Some online brokers require a minimum to invest, others don't set a minimal first-time deposit. Check out what the best online brokers require. |
| 3. Deposit and withdrawal | Transferring money to your account can be 5 times longer and more expensive at one online broker compared to another. |
| 4. Products and markets | You want to invest in Amazon and Bitcoin? They might not be available. Check the product coverage before opening an account. |
| 5. Trading platform | A user-friendly and well-equipped trading platform can significantly increase your trading comfort. |
Best international online brokers for citizens in the Central African Republic
Bottom line
You saw the details, now let's zoom out. Here are the best international online brokers of 2020 for citizens in the Central African Republic:
| XTB | Pepperstone | IC Markets | XM | ATFX | |
|---|---|---|---|---|---|
| Overall score | 4.6 | 4.4 | 4.4 | 4.4 | 4.4 |
| Best in | Best CFD broker | ||||
| Fees score | 4.0 | 4.3 | 4.3 | 3.8 | 4.7 |
| Account opening score | 5.0 | 5.0 | 5.0 | 5.0 | 5.0 |
| Deposit and withdrawal score | 4.5 | 4.8 | 4.9 | 5.0 | 4.5 |
| Markets and products score | 2.8 | 1.8 | 1.7 | 2.9 | 1.4 |
| Web platform score | 4.4 | 2.8 | 2.8 | 2.8 | 2.8 |
|
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80% of retail CFD accounts lose money |
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76.5% of retail CFD accounts lose money |
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74-89% of retail CFD accounts lose money |
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69.10% of retail CFD accounts lose money |
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67.76% of retail CFD accounts lose money |
XTB is our winner, the best international online broker in the Central African Republic of 2020. Low forex and stock index CFD fees. Free and fast deposit and withdrawal. Easy and fast account opening.
All of these brokers are considered a great choice. Pick the winner, or any of the runners-up, and take the next step in your investment journey. Let us know what you think in the comment section.
Still unsure? Use the broker finder and find the best international broker for you, or learn more about investing your money.
