Best international online brokers for citizens in the Central African Republic

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 67 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:

1. XTB is the number one international online broker in 2020. Low forex and stock index CFD fees. Free and fast deposit and withdrawal. Easy and fast account opening.
2. NinjaTrader is your runner-up. Low trading fees. Great platform and research. Quality educational materials.
3. Tickmill rounds out the top three. Low fees. Great account opening. Free deposit and withdrawal.
4. Pepperstone, numero quatro. Low forex and equity index CFD fees. Great customer service. Seamless and free deposit and withdrawal.
5. XM. Low CFD and withdrawal fees. Easy and fast account opening. Great educational tools. Just made it to the list at number five.

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.

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

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80% of retail CFD accounts lose money

#1 XTB
Fees

4.0

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.

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

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80% of retail CFD accounts lose money

#1 XTB
Account opening

5.0

XTB's account opening process is hassle-free, fully digital and straightforward. Your account will be ready for trading on the same day.

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80% of retail CFD accounts lose money

#1 XTB
Deposit and withdrawal

4.5

XTB deposits and withdrawals are cost-friendly, fast, and can be done in several forms.

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80% of retail CFD accounts lose money

#1 XTB
Markets and products

2.8

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.

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80% of retail CFD accounts lose money

#1 XTB
Web trading platform

4.4

XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, a two-step login is not available.

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80% of retail CFD accounts lose money

#1 XTB
Verdict

XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA, 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.

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80% of retail CFD accounts lose money

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

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

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

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

Recommended for active traders focusing on futures

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#2 NinjaTrader
Fees

4.6

NinjaTrader has low futures and options on futures trading fees. Also, the fee structure is transparent. On the negative side, there is a high withdrawal.

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

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#2 NinjaTrader
Account opening

3.5

NinjaTrader's account opening is fully digital and the minimum deposit is low, $400. On the other hand, the account verification can take long, even 4-5 business days, and the account opening process is a bit complicated.

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#2 NinjaTrader
Deposit and withdrawal

1.6

NinjaTrader's deposit and withdrawal can be improved. You can use only bank transfer and check, and there is a high fee for bank withdrawals. As a plus, there is no deposit fee and the withdrawals are quick, took only one day for us.

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#2 NinjaTrader
Markets and products

1.8

With NinjaTrader Brokerage, you can trade only futures and options on futures. To trade with popular asset classes, like stocks or spot forex, you have to connect your existing brokerage account to NinjaTrader.

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#2 NinjaTrader
Web trading platform

At the time of the review, NinjaTrader provided only a desktop platform. The only way to use a web trading platform along with NinjaTrader's desktop trading platform is if you connect an external brokerage account, such as brokerage account with Interactive Brokers or Oanda.

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#2 NinjaTrader
Verdict

NinjaTrader is a great platform for futures trading.

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

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

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

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Tickmill is a global forex and CFD broker, established in 2014. The company is regulated by the Financial Conduct Authority, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority of Seychelles. 

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

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73% of retail CFD accounts lose money

#3 Tickmill
Fees

4.8

Tickmill has great fees. Both the forex and CFD trading fees are low. There is no fee charged for deposit, withdrawal, or inactivity.

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

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73% of retail CFD accounts lose money

#3 Tickmill
Account opening

5.0

Tickmill has a fast and easy account opening. Our account was verified within one business day. The minimum deposit is low, $100 for all account types, except VIP.

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73% of retail CFD accounts lose money

#3 Tickmill
Deposit and withdrawal

4.5

Tickmill's deposit and withdrawal are fast and free of charge. There is a wide range of options you can use: bank transfer, credit/debit cards, or electronic wallets. On the other hand, the number of available account base currencies is low.

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73% of retail CFD accounts lose money

#3 Tickmill
Markets and products

1.4

At Tickmill, you can trade only CFDs on forex, stock indices, commodities, and German government bonds. Popular asset classes, such as stocks, ETFs, mutual funds, bonds and options are missing.

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73% of retail CFD accounts lose money

#3 Tickmill
Web trading platform

2.8

Tickmill's web trading platform is provided by MetaTrader. It is highly customizable and has a clear fee report. On the other hand, the platform lacks price alerts, and the design is outdated.

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73% of retail CFD accounts lose money

#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 and CFD fees. The account opening is seamless and there are a lot of free deposit/withdrawal options.

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

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

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73% of retail CFD accounts lose money

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. 78.6% 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

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78.6% of retail CFD accounts lose money

#4 Pepperstone
Fees

4.4

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.

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

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78.6% of retail CFD accounts lose money

#4 Pepperstone
Account opening

5.0

Pepperstone's account opening is great. It is fully digital, user-friendly, and requires no minimum deposit for the Standard account.

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78.6% of retail CFD accounts lose money

#4 Pepperstone
Deposit and withdrawal

4.8

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.

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78.6% of retail CFD accounts lose money

#4 Pepperstone
Markets and products

1.7

At Pepperstone you can only trade with forex and other CFDs (commodities, stock indices, share CFDs, cryptos)

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78.6% of retail CFD accounts lose money

#4 Pepperstone
Web trading platform

2.8

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.

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78.6% of retail CFD accounts lose money

#4 Pepperstone
Verdict

Pepperstone is a great forex and CFD 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. Their news flow is rather basic. 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.

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78.6% of retail CFD accounts lose money

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

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75.55% of retail CFD accounts lose money

#5 XM
Fees

3.8

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.

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

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75.55% of retail CFD accounts lose money

#5 XM
Account opening

5.0

XM account opening is hassle-free and straightforward. Your account is ready for trading on the same day.

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75.55% of retail CFD accounts lose money

#5 XM
Deposit and withdrawal

5.0

XM's deposit and withdrawal functions are fast and inexpensive, and offer you several options.

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75.55% of retail CFD accounts lose money

#5 XM
Markets and products

2.5

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.

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75.55% of retail CFD accounts lose money

#5 XM
Web trading platform

2.8

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.

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75.55% of retail CFD accounts lose money

#5 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.

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75.55% of retail CFD accounts lose money

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:

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 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.