6 Best Forex Brokers in Sao Tome and 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!
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 | ✅Yes | None |
| 🥈 XTB | 👉 Click Here | ✅Yes | None |
| 🥉 eToro | 👉 Click Here | ✅Yes | 225,721 |
| 🏅 Tickmill | 👉 Click Here | ✅Yes | 2,257,210 |
| 🎖️ Pepperstone | 👉 Click Here | ✅Yes | 3,023.80 |
| 🥇 Interactive Brokers | 👉 Click Here | ✅Yes | None |
6 Best Forex Brokers in Sao Tome and Principe (2024)
- ☑️ CMC Markets – Overall, the Best Forex Broker in Sao Tome and Principe
- ☑️ XTB – The Best Overall Trading Experience
- ☑️ eToro – Best Mobile Trading Experience
- ☑️ Tickmill – High User Trust Score
- ☑️ Pepperstone – Best Online Trading Experience
- ☑️ Interactive Brokers – Leading Broker for Experienced Traders
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 |
| 📌 Year Founded | 1989 |
| 👤 Amount of staff | 800+ |
| 👥 Amount of active traders | 60,000+ |
| 📍 Publicly Traded | ✅Yes |
| 🛡️ Regulation | FCA, IIROC, ASIC, FMA, MAS |
| 🌎 Country of regulation | UK, Australia, Singapore, Canada |
| 🔁 Account Segregation | ✅Yes |
| ✔️ Negative balance protection | ✅Yes |
| ⭐ Investor Protection Schemes | FSCS (UK) CIPF (Canada) |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 🪙 Minor account currencies | USD, EUR, GBP, AUD |
| 💰 Minimum Deposit | None |
| ⏰ Average deposit/withdrawal processing time | Variable |
| 💴 Fund Withdrawal Fee | No fees |
| 🔖 Spreads from | 0.7 pips on Forex |
| 💶 Commissions | No commission on Forex and most CFDs |
| 🏷️ Number of base currencies supported | 10+ |
| 💵 Swap Fees | ✅Yes |
| ↪️ Leverage | Up to 1:500 |
| ⏩ Margin requirements | Varies by asset and region |
| ☪️ Islamic account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⌛ Order Execution Time | 0.1 seconds |
| 🖥️ VPS Hosting | ✅Yes |
| 📈 CFDs Total | 10,000+ |
| 📉 CFD Stock Indices | 100+ |
| 🍎 CFD Commodities | 20+ |
| 📊 CFD Shares | 9,000+ |
| 💹 Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller |
| 💱 Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, Next Generation, WebTrader |
| 🖱️ OS Compatibility | Windows, macOS, Android, iOS |
| ⚙️ Forex trading tools | Advanced charting, economic calendar, technical analysis tools, automated trading options |
| 🥰 Live chat availability | ✅Yes |
| 💌 Customer Support Email address | ✅Yes |
| ☎️ Customer Support Contact Number | ✅Yes |
| 💙 Social media Platforms | Facebook, Twitter, LinkedIn, YouTube |
| ⭐ Languages supported on Website | English, Spanish, German, French, Italian, Chinese, Japanese |
| ✏️ Forex course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Video tutorials, articles, eBooks |
| 📒 Partnerships and Programs | ✅Yes |
| 📑 Affiliate program | ✅Yes |
| 🗃️ Amount of partners | Over 500 |
| 🗄️ IB Program | ✅Yes |
| 📇 Sponsor any notable events or teams | None |
| 🚩 Rebate program | ✅Yes |
| 💴 Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Next Generation platform | High Fees |
Our Insights
The benefits of trading with CMC Markets include educational resources and trusted customer support.
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 |
| 📌 Year Founded | 2002 |
| 👤 Amount of Staff | Approximately 2,000 |
| 👥 Amount of Active Traders | Over 500,000 |
| 📍 Publicly Traded | Warsaw Stock Exchange |
| 📈 Regulation | FCA, KNF, IFSC, CySEC |
| 🌎 Country of Regulation | UK (FCA), Poland (KNF) |
| 📉 Account Segregation | ✅Yes |
| 📊 Negative Balance Protection | ✅Yes |
| 💹 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💰 Minor Account Currencies | Major, Minor |
| 💴 Minimum Deposit | Varies by account type |
| ⚡ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💶 Fund Withdrawal Fee | None |
| 📐 Spreads From | From 0.1 pips |
| 💶 Commissions | Variable |
| 💵 Number of Base Currencies Supported | 30+ |
| 💷 Swap Fees | ✅Yes |
| 🔖 Leverage | Up to 1:500 |
| 🏷️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖇️ Order Execution Time Seconds | Milliseconds - |
| 🖥️ VPS Hosting | Select accounts |
| 📈 CFDs Total | Over 2,000 |
| 📉 CFD Stock Indices | Major global indices |
| 🍎 CFD Commodities | Oil, gold, etc. |
| 📊 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit, e-wallets, etc. |
| 💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets, etc. |
| 🖱️ Trading Platforms | xStation 5 |
| ⭐ OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex Trading Tools | Charting tools, technical analysis |
| 🥰 Live Chat Availability | ✅Yes |
| ☎️ Customer Support Contact Number | Varies by region |
| 💙 Social Media Platforms | Twitter, Facebook, LinkedIn, |
| 🚩 Languages Supported | Multiple languages |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Articles, tutorials, etc. |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 Amount of Partners | Numerous global partners |
| 🫰🏻 IB Program | ✅Yes |
| 🔖 Notable Events or Teams | ✅Yes |
| 🏷️ Rebate Program | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Islamic Account | Inactivity fee |
| Free Deposit and Withdrawal | High conversion fee |
Our Insights
The benefits of trading with XTB include multiple trusted deposit options and easy withdrawals.
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 Licenses | CySEC, FCA, ASIC, FSA, FinCEN, FINRA |
| 📉 Ease of Use | 5/5 |
| 📊 Support Hours | 24/5 |
| 💻 Trading Platforms | eToro platform |
| 💹 Account Types | Standard Retail Account |
| 💴 Base Currencies | USD |
| 🅰️ Spreads | From 1 pip EUR/USD |
| 🅱️ Leverage | 1:30 |
| 💶 Currency Pairs | 55; minor, major, exotic pairs |
| 💳 Minimum Deposit | $50 USD |
| 🚫 Inactivity Fee | 10 USD after 12 months of inactivity |
| 📌 Website Languages | English, Italian, German, etc. |
| 💰 Fees and Commissions | Spreads from 1 pip |
| 🤝 Affiliate Program | ✅Yes |
| ✖️ Banned Countries | Canada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria |
| 📈 Scalping | None |
| 📉 Hedging | ✅Yes |
| 📊 Trading Instruments | Forex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Social trading | Withdrawal Fee |
| Low trading fees | Inactivity fee |
| Negative balance protection | Conversion fees |
| User-friendly Platform | Single 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
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 Fee | None |
| 📈 Spreads | From 0.0 pips on the Pro and VIP Accounts |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | 62, major, minor, and exotic pairs |
| 📊 Scalping | ✅Yes |
| 💹 Hedging | ✅Yes |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, Tickmill App |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| MetaTrader 4 and MetaTrader 5 | Limited range of instruments |
| Pro account with minimal commissions | Limited Trading Platforms |
Our Insights
Beginners trading with Tickmill will benefit from a Welcome Account and additional promotional offers.
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 Deposit | AU$200 |
| 📈 Account Types | Standard Account, Razor Account |
| 💵 Base Currencies | USD, GBP |
| 📉 Spreads | From 0.0 pips EUR/USD on the Razor Account |
| 📊 Leverage | 1:500 (Pro), 1:200 (Retail) |
| 💶 Currency Pairs | 70, minor, major, and exotic pairs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fully digital account opening | Mostly CFDs offered |
| Great customer service | Basic Trading Platforms |
Our Insights
Trading with Pepperstone includes Excellent educational resources and trusted customer support.
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. Deposit | None |
| 💶 Inactivity Fee | None |
| 📈 Tradable Assets | Forex, Metals, Futures, ETFs |
| 🪙 Crypto Trading | ✅Yes |
| 📉 MT4 / MT5 | None |
| 📊 Proprietary Platforms | ✅Yes |
| 📲 Mobile App | ✅Yes |
| 🤝 Customer Support | 24/7 |
| ✏️ Education | ✅Yes |
| 📍 Account Types | IBKR Pro and Lite |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low commissions and fees | Intimidating Platform |
| Excellent educational materials | Complex tiered pricing plans |
| Reliable trade execution | Lacking 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?
Forex Trading in Sao Tome and Principe operates in a grey area. The BCSTP supervises the local financial market.
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.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FSCA, IFSC, ASIC, CySEC, DFSA, FCA | USD 5 | Visit Broker |
| 🥉 |  | Read Review | FCA, FSCA, FSC, CMA | USD 200 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | FSC, FSA, VFSC | USD 10 | Visit Broker |
| 6 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit 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.
You might also like:
- CMC Markets Review
- XTB Review
- eToro Review
- Tickmill Review
- Pepperstone Review
- Interactive Brokers Review
Faq
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.
| Broker | Website | |
|---|---|---|
| 🥇 |  | Visit Broker |
| 🥈 | | Visit Broker |
| 🥉 | | Visit Broker |
| 4 | | Visit Broker |
| 5 | | Visit Broker |
| 6 | | Visit Broker |
| 7 | | Visit Broker |
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