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6 Best Forex Brokers in Sao Tome and Principe

Last Update: June 11th, 2024

Forex Brokers Sao Tome Principe

 

The 6 Best Forex Brokers in Sao Tome and Principe – Rated and Reviewed. We have listed the Best Forex Brokers that accept traders from Sao Tome and Principe.

In this in-depth guide, you will learn:

 

  • The Best Forex Brokers in Sao Tome and Principe – a List
  • Is Forex Trading Legal in Sao Tome and Principe?
  • Who does Sao Tome and Principe trade with?
  • The Best Forex Brokers for Beginners and Foreigners
  • Low STD Minimum Deposit Forex Brokers

 

and much, MUCH more!

 

4 Best Forex Brokers in Sao Tome and Principe

 

6 Best Forex Brokers in Sao Tome and Principe – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Local Traders💷 Min. Deposit (STD)
🥇 CMC Markets👉 Click Here✅YesNone
🥈 XTB👉 Click Here✅YesNone
🥉 eToro👉 Click Here✅Yes225,721
🏅 Tickmill👉 Click Here✅Yes2,257,210
🎖️ Pepperstone👉 Click Here✅Yes3,023.80
🥇 Interactive Brokers👉 Click Here✅YesNone

 

6 Best Forex Brokers in Sao Tome and Principe (2024)

 

  1. ☑️ CMC Markets – Overall, the Best Forex Broker in Sao Tome and Principe
  2. ☑️ XTB – The Best Overall Trading Experience
  3. ☑️ eToro – Best Mobile Trading Experience
  4. ☑️ Tickmill – High User Trust Score
  5. ☑️ Pepperstone – Best Online Trading Experience
  6. ☑️ Interactive Brokers – Leading Broker for Experienced Traders

 

CMC Markets Review

 

CMC Markets

CMC Markets is a comprehensive Forex, CFD, and, Financial Services Provider. Regulations include BaFin, FCA, ASIC, MAS, FMA, IIROC, and, the DFSA. Accounts available are CFD, Spread Betting, and Corporate. Moreover, a Demo Account is available. In addition, notable Benefits, Factors, and Features to consider include:

 

  • Multiple base currencies, including GBP, EUR, and, the USD
  • Spreads from 0.3 Pips
  • Leverage of up to 1:30
  • Access to over 330 Currency Pairs, including Major, Minor, and, Exotic
  • No Minimum deposit is required
  • An inactivity Fee is Charged
  • Scaling and Hedging are offered

 

Trading Instruments include Forex, indices, commodities, crypto CFDs, shares, share baskets, treasuries, and, ETFs. CMC Markets support MetaTrader 4 and Next Generation. In addition, a Proprietary Mobile App is available.

 

🔎 Broker🥇 CMC Markets
💴 Min. DepositNone
🆓 Demo Account✅Yes
☪️ Islamic AccountNone
4️⃣ MetaTrader 4✅Yes
📱 Mobile Trading✅Yes
📈 Spreads (from)0.5 pips
🪙 Cryptocurrency✅Yes
📉 Forex Instruments300+
📊 Indices70+
🍎 Commodities90+
📌 RegulationFCA
🚀Open an Account👉 Click Here

 

CMC Markets

 

Pros and Cons

 

✅ Pros❌ Cons
Next Generation platformHigh Fees

 

Our Insights

The benefits of trading with CMC Markets include educational resources and trusted customer support.

 

XTB Review

 

XTB

XTB is a reliable and respected Forex and CFD Broker. Regulations include FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, and, the IFSC. Accounts available are Standard and Swap-Free. Moreover, a Demo Account is available. In addition, notable Benefits, Factors, and Features to consider include:

 

  • Occasional Bonus offer and Promotions
  • No Minimum Deposit is Required
  • USD, EUR, GBP Base Currencies
  • Spreads from 0.0 Pips
  • Leverage of up to 1:500
  • Access to over 50 Currency Pairs
  • Scalping and Hedging are offered

 

Trading Instruments include Forex, indices, commodities, stocks, ETFs, and, crypto CFDs. XTB supports xStation 5 and xStation Mobile.

 

🔍 Broker🥇 XTB
💵 Minimum Deposit0 USD
5️⃣ Ease of use Rating5/5
🎁 Bonuses✅ Yes
⏰ Support Hours24/5
🚀 Open an Account👉 Click Here

 

XTB

 

Pros and Cons

 

✅ Pros❌ Cons
Islamic AccountInactivity fee
Free Deposit and WithdrawalHigh conversion fee

 

Our Insights

The benefits of trading with XTB include multiple trusted deposit options and easy withdrawals.

 

eToro Review

 

eToro

eToro is a popular Forex and CFD Broker focussed on safety and security. Regulations include CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, and, the SIPC. Accounts and Trading Available are Standard and Proprietary. In addition, notable Benefits, Factors, and Features to consider include:

 

  • USD Base Currency
  • Spreads from 1 Pip
  • Leverage of up to 1:400
  • Access to over 50 Currency Pairs
  • An Inactivity Fee is Charged
  • Hedging is Available

 

Trading instruments include Forex, stocks, crypto CFDs, indices, commodities, and, ETFs. Moreover, Social Trading is supported.

 

🔎 Broker🥇 eToro
📈 Regulation and LicensesCySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC
📉 Ease of Use5/5
📊 Support Hours24/5
💻 Trading PlatformseToro platform
💹 Account TypesStandard Retail Account
💴 Base CurrenciesUSD
🅰️ SpreadsFrom 1 pip EUR/USD
🅱️ Leverage1:400 (eToro Seychelles Ltd)
💶 Currency Pairs55; minor, major, exotic pairs
💳 Minimum DepositFrom 10 USD (US)
🚫 Inactivity Fee10 USD after 12 months of inactivity
📌 Website LanguagesEnglish, Italian, German, etc.
💰 Fees and CommissionsSpreads from 1 pip, zero commission fees
🤝 Affiliate Program✅Yes
✖️ Banned CountriesCanada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria
📈 ScalpingNone
📉 Hedging✅Yes
📊 Trading InstrumentsForex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs
🚀Open an Account👉 Click Here

 

eToro Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Social tradingWithdrawal Fee
Low trading feesInactivity fee
Negative balance protectionConversion fees
User-friendly PlatformSingle base currency

 

Our Insights

The benefits of trading with eToro include a diverse portfolio of 531 ETFs and over 4,610 equities plus 21 indices for trading.

 

Tickmill Review

 

Tickmill

Tickmill is a prominent Forex and CFD broker with numerous account options and reasonable spreads. Regulations include Seychelles FSA, FCA, CySEC, Labuan FSA, and, the FSCA. Accounts available are VIP, Classic, and, Pro. Moreover, Islamic, Swap-Free, and Demo Options are available. In addition, notable Benefits, Factors, and Features to consider include:

 

  • A 30 USD Welcome Account
  • USD, EUR, GBP, PLN Base Currencies
  • Additional Bonus Offers and Promotions
  • Trader Contests
  • Spreads from 0.0 Pips
  • Leverage of up to 1:500
  • Over 60 Currency Pairs

 

Trading Instruments include Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, and, ETFs. Tickmill supports MetaTrader 4 and MetaTrader 5. In addition, a Tickmill Mobile App is available.

 

🔎 Broker🥇 Tickmill
💴 Minimum Deposit$100
💵 Inactivity FeeNone
📈 SpreadsFrom 0.0 pips on the Pro and VIP Accounts
📉 Leverage1:500
💶 Currency Pairs62, major, minor, and exotic pairs
📊 Scalping✅Yes
💹 Hedging✅Yes
🖱️ Trading PlatformsMetaTrader 4, MetaTrader 5, Tickmill App
⏰ Support Hours24/5
🚀 Open an Account
👉 Click Here

 

Tickmill Pros and Cons

 

Pros and Cons

 

✅ Pros❌ Cons
MetaTrader 4 and MetaTrader 5Limited range of instruments
Pro account with minimal commissionsLimited Trading Platforms

 

Our Insights

Beginners trading with Tickmill will benefit from a Welcome Account and additional promotional offers.

 

Pepperstone

 

Pepperstone

Pepperstone is a well-established and highly regulated Forex and CFD Broker. Regulations by acclaimed and trusted agencies include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and, the SCB. Accounts include Standard, Razor, and, Islamic, Swap-Free Account. Moreover, a Demo Account is available. In addition, notable Factors and Features include:

 

  • Occasional Bonus Offers and Promotions
  • Leverage of up to 1:500
  • Access to over 70 Currency Pairs
  • No Inactivity Fee is Charged
  • Spreads from 0.0 Pips

 

Trading Instruments include Forex, commodities, indices, currency indices, cryptocurrencies, shares, and, ETFs. Pepperstone provides TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai.

 

🔎 Broker🥇 Pepperstone
💴 Minimum DepositAU$200
📈 Account TypesStandard Account, Razor Account
💵 Base CurrenciesUSD, GBP
📉 SpreadsFrom 0.0 pips EUR/USD on the Razor Account
📊 Leverage1:500 (Pro), 1:200 (Retail)
💶 Currency Pairs70, minor, major, and exotic pairs
🚀 Open an Account
👉 Click Here

 

Pepperstone

 

Pros and Cons

 

✅ Pros❌ Cons
Fully digital account openingMostly CFDs offered
Great customer serviceBasic Trading Platforms

 

Our Insights

Trading with Pepperstone includes Excellent educational resources and trusted customer support.

 

Interactive Brokers Review

 

Interactive Brokers

Interactive Brokers is amongst the highest regulated Forex, CFD, and, Financial Services Providers. Regulations by acclaimed and trusted agencies include FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, and, MAS. Accounts available include IBKR Lite and IBKR Pro. In addition, notable Factors and Features include:

 

  • 24/5 Customer Support
  • Several Base Currencies AUS, AUD, and, CAD
  • Spreads from 0.6 Pips
  • Leverage of up to 1:30
  • Access to over 100 Currency Pairs

 

Trading instruments and Products include Forex, stocks, ETFs, options, futures, indices, mutual funds, cryptocurrencies, metals, and, bonds. Interactive Brokers support IBKR Trader WorkStation, IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, and, IBKR Impact.

 

🔎 Broker🥇 Interactive Brokers
💴 Min. DepositNone
💶 Inactivity FeeNone
📈 Tradable AssetsForex, Metals, Futures, ETFs
🪙 Crypto Trading✅Yes
📉 MT4 / MT5None
📊 Proprietary Platforms✅Yes
📲 Mobile App✅Yes
🤝 Customer Support24/7
✏️ Education✅Yes
📍 Account TypesIBKR Pro and Lite
🚀Open an Account👉 Click Here

 

Interactive Brokers

 

Pros and Cons

 

✅ Pros❌ Cons
Low commissions and feesIntimidating Platform
Excellent educational materialsComplex tiered pricing plans
Reliable trade executionLacking Customer Support

 

Our Insights

The benefits of trading with Interactive Brokers include multiple trusted deposit options and secure withdrawals.

 

Is Forex Trading Legal in Sao Tome and Principe

 

Is Forex Trading Legal in Sao Tome and Principe?

Forex Trading in Sao Tome and Principe operates in a grey area. The BCSTP supervises the local financial market.

 

Forex in Sao Tome and Principe

 

In Conclusion

Forex Trading in Sao Tome and Principe is not a popular or daily occurrence. Moreover, it operates in a grey area. Multiple International Forex Brokers do accept traders from Sao Tome and Principe.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewCySEC, MISA, FSCAUSD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>

 

Our Insights

While reviewing the Best Forex Brokers that accept Traders from Sao Tome and Principe, we found 6 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.

 

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FAQs

Forex Trading in Sao Tome and Principe operates in a grey area.

The BCSTP supervises the local financial market.

Online Banking, Bank Transfers, Credit Cards, and, Debit Cards are accepted.

24/5 Customer Support is available.

Over 55 Currency Pairs, including Major, Minor, and, Exotic Pairs.

Tickmill supports MetaTrader 4 and MetaTrader 5.

The Pepperstone Minimum deposit is AU$ 200.

No minimum deposit is required.