gt.io is an international CFD broker regulated by the FSCA and the FSA Seychelles. An STP broker with a wide range of CFDs, gt.io offers market execution. But, unlike most brokers in Africa, gt.io only provides support for the MT5 platform, and not the industry-standard MT4.  gt.io does not have a required minimum deposit and offers commission-free trading, but its variable spreads are wider than its peers.  Because gt.io is a new broker, it provides little in the way of education and market analysis materials, making it a poor choice for beginner traders.

We do not recommend Hugo's Way to Tanzanian traders as it is completely unregulated and trading costs are high. If you are looking for a good ECN/STP broker we recommend Axi or FP Markets. Hugo's Way is an ECN/STP broker with a single account type and support offered for the MT4 platform only. Spreads are wide for an ECN/STP broker, starting at 0.8 pips on the EUR/USD. Hugo's Way also charges a 5 USD commission per lot traded, making this broker one of the more expensive ECN/STPs to trade with. Forex education and market analysis are almost non-existent and customer support is limited to a contact form and a live chat system.