The 6 Best Forex Brokers in Botswana revealed. We have rated and reviewed the Top Forex Brokers accepting Botswana Pula. This is a complete listing of the 6 Best Forex Brokers in Botswana.
In this in-depth write-up you will learn:
- The 6 Best Forex Brokers in Botswana
- Overview of Forex Trading in Botswana
- A List of Stock Brokers in Botswana
- The Best Forex Trading App in Botswana
- How to Become one of the most Successful Forex Traders in Botswana
and much, MUCH more.
6 Best Forex Brokers in Botswana in 2025 – A Comparison
| 🔎 Broker | 🤝 Accepts Batswana Traders | 💰 Minimum Deposit (USD) | 💰 Minimum Deposit (BWP) | 🚀 Open an Account |
| 🥈 Exness | ☑️ Yes | $1 USD | 14 BWP | 👉 Click Here |
| 🥇 AvaTrade | ✅ Yes | $100 USD | 1400 BWP | 👉 Click Here |
| 🥉 HFM | ☑️ Yes | $5 USD | 70 BWP | 👉 Click Here |
| 🏅 Pepperstone | ✅ Yes | $0 USD | 0 BWP | 👉 Click Here |
| 📌 FXTM | ☑️ Yes | $10 USD | 140 BWP | 👉 Click Here |
| 📌 IC Markets | ✅ Yes | $200 USD | 2800 BWP | 👉 Click Here |
Botswana Pula (BWP) – A Definition
The Botswana Pula is Botswana’s official currency. It has the ISO 4217 code BWP and is subdivided into 100 thebe. The Bank of Botswana issues and manages the pula.
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
6 Best Forex Brokers in Botswana (2025)
- ☑️Exness – Overall, Best Broker in Botswana.
- ☑️AvaTrade – Trusted globally and supports local payment methods.
- ☑️HFM – High Botswana Trust Score and strong regulatory oversight.
- ☑️Pepperstone – Competitive spreads, fast execution, and reliable platforms.
- ☑️FXTM – Known for flexible trading conditions.
- ☑️IC Markets – Tight spreads, ECN accounts, and extensive trading tools.
Exness
Exness is a forex and CFD broker that offers its clients access to trading in currencies, crypto, stocks, indices, metals, and commodities. Exness is licensed and regulated by multiple leading international governing bodies, allowing Exness clients to trade with financial security.
Features
| 🔎Broker | Exness |
| Company Information | |
| 📅Year Founded | 2008 |
| 🧑🏻💻Amount of staff | Over 2,100 |
| 👩💻Amount of active traders | Over 320,000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
| 🌎Country of regulation | Cyprus |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Standard, Raw Spread, Standard Cent, Zero, Pro |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes |
| 📇Minor account currencies | EUR/USD & USD/JPY |
| 💰Minimum Deposit | $10 |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Instant to 1 business day |
| 🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
| 📊Spreads from | 0.3 pips |
| 💸Commissions | Varies by account type, often commission-free |
| 💱Number of base currencies supported | +40 |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 1:2000 |
| 📏Margin requirements | 50% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 200 |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.) |
| 💵Withdrawal Options | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.) |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Exness Trade |
| 👩💻OS Compatibility | Windows, macOS, iOS, Android |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/7 |
| 📱Customer Support email address | support@exness.com |
| 📞Customer Support Contact Number | +35725030959 |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | 15 Languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 64 000 |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, sponsorship agreement with LALIGA, the top professional football division in Spain |
| 🪙Rebate program | Yes |
| 👉Open Account | 👉Open Account |
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Platform
MT4, MT5, WebTerminal, Exness Terminal
Crypto
Yes
Asset Classes
| 📊Asset Class | 📈Spread Type | ⚖️Typical Spread | 🔎Raw Spread Commission |
| 💱Forex (EUR/ZAR) | Standard/Raw Spread | Variable (from 0.9 pips) | N/A |
| ➡️CFD Indices (S&P 500) | Standard/Raw Spread | Variable (from 1.0 pip) | N/A |
| 📜CFD Stocks (Apple) | Variable (from 0.03 USD) | N/A | |
| 🪙CFD Commodities (Gold) | Variable (from $3.2) | N/A | |
| 💵CFD Cryptocurrencies (Bitcoin) | Variable (from 25 USD) | Commission-based |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Exness is well-regulated and keeps all client funds in segregated accounts with top-tier institutions | There is a limited portfolio of financial instruments offered |
| Traders can choose between several retail investor accounts | Exness offers a limited number of payment methods that can be used for deposits and withdrawals |
Our Findings
Exness is a popular choice for Botswana traders, offering low minimum deposits, high leverage up to 1:2000, and instant deposits and withdrawals. a trusted platform that operates under the regulation of the main authorities; accessible trading platforms; and round-the-clock customer care.
Is Exness available for traders in Botswana?
Yes, Exness is available for traders in Botswana. The broker is globally recognized and accessible in many African countries, including Botswana.
What instruments can I trade on Exness?
Traders in Botswana can trade forex, cryptocurrencies, indices, metals, energies, and stocks through Exness.
AvaTrade
AvaTrade is a leading Forex and CFD broker committed to its core values of integrity, innovation, and empowering investors to trade with confidence.
Features
| Company Information | |
| 📅Year Founded | 2006 |
| 🧑🏻💻Amount of staff | 614 |
| 👩💻Amount of active traders | 300,000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | CBI, BVI FSC, ASIC, FSCA, ADGM, FRSA, ISA |
| 🌎Country of regulation | Ireland, Australia, Japan, South Africa, Abu Dhabi, British Virgin Islands, European Union, Polish Branch. |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes, Up to €20,000 under CySEC Investor Compensation Fund (ICF) (for EU clients) | * Up to AUD$250,000 under ASIC Client Money Protection Scheme (CMPS) (for Australian clients) | |
| Account Types and Features | |
| ➕Accounts | Standard Account, Retail Islamic account, Professional account |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | AvaTrade offers copy trading (AvaSocial) but doesn't directly manage accounts. |
| 📇Minor account currencies | AUD, JPY, GBP, USD, EUR, CHF |
| 💰Minimum Deposit | $100 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-3 business days |
| 🪙Fund Withdrawal Fee | Free up to a certain amount |
| 📊Spreads from | 0.7 pips |
| 💸Commissions | No |
| 💱Number of base currencies supported | Over 50 |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 400:1 |
| 📏Margin requirements | 0.50% |
| ☪️Islamic account (swap-free) | Yes, available upon request |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 1,250+ |
| 🗠CFD Stock Indices | Major global indices (e.g., US 30, FTSE 100, DAX 30) |
| ⚖️CFD Commodities | Precious metals (gold, silver), Energy (oil, gas), Agricultural (wheat, corn) |
| 📜CFD Shares | Thousands of shares from various global exchanges (US, Europe, Asia) |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/debit cards, bank transfers, electronic wallets. |
| 💵Withdrawal Options | Must be sent via the same payment method used for deposit |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4) * MetaTrader 5 (MT5) * AvaTrade WebTrader * AvaTrade Mobile App * AvaOptions (for options trading) * DupliTrade & ZuluTrade (for copy trading) |
| 👩💻OS Compatibility | Windows, macOS, Web, Mobile (Android, iOS) |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/7 |
| 📱Customer Support email address | Online email on website |
| 📞Customer Support Contact Number | +447520644093 |
| 👾Social media Platforms | Facebook, Twitter, |
| 🗣️Languages supported on Website | Over 14 languages, including English, Spanish, French, German, Italian, Arabic, Russian, Portuguese |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 70 000 |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes |
| 👉Open Account | Open Account |
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Asset Classes
| 📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
| 💱Forex | EUR/USD | 0.7 pips | N/A | N/A |
| ➡️Indices | US 30 (Dow Jones) | 3.0 points | 4.0 points | N/A |
| 🪙Commodities | Gold (XAU/USD) | $0.80 | N/A | N/A |
| 📜Stock | Apple (AAPL.US) | 0.02% | 0.05% | Above 0.10% |
| 💵Cryptocurrency | Bitcoin (BTC) | 0.50% | 1.00% | Above 2.00% |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Wide range of CFDs assets to trade - 1000+ | You can’t buy stock or cryptocurrency |
| Worldwide regulated | Cryptocurrency deposit is not accepted |
| Award winner | Quarterly and annual inactivity fees |
| Multiple platform – MT4, MT5, etc | Costumer support is not available 24/7 |
| Negative balance protection | No bonus for EU based clients |
Our Findings
Being a regulated broker, AvaTrade is the preferred choice for traders from Botswana, which provides multiple trading instruments, competitive spreads, and trading platforms such as the MT4 and MT5. Although it is regulated internationally it offers local payment options, educational materials, and outstanding customer service to its African customers.
What customer support options are available for Botswana traders?
While AvaTrade does not have a local office in Botswana, traders can access customer support through:
- Live Chat: Available during trading hours.
- Email Support: Send inquiries to [email protected].
- Phone Support: International phone number +353766705834.
- WhatsApp Support: +447520644093.
Are there any bonuses or promotions for Botswana traders?
AvaTrade offers various bonuses and promotions, which may be available to traders in Botswana. However, the availability of bonuses can depend on regional regulations. It’s advisable to check the latest offerings on AvaTrade’s official website or contact customer support for detailed information.
HFM
HFM is an award-winning forex and commodities broker that offers various account types, trading software, and the segregation of client funds. HFM is regulated by multiple leading entities.
Features
| 🔎 Broker | 🥇 HFM |
| ⚖️ Regulation | FSCA, CySEC, FCA, DFSA, CMA, FSA |
| 💳 Minimum deposit | $0 |
| 💰 Maximum Leverage | 1:2000 |
| 🔘 Asset Types | Forex, Indices, Metals, Energies, Shares, Commodities, Bonds, ETFs, DMA Stocks, and Cryptocurrencies |
| 📊 Trading platforms | MT4, MT5, HFM Trading App (Android & IOS) |
| 💳 Supported lot | 0.01 - 500 |
| 💳 Demo | ☑️ Yes |
| 📈Products Offered | Focus on Volatility 75 Index (VIX) CFD |
| 👥Account Types | Cent Account, Zero Account, Pro Plus Account, Pro Account, Premium Account |
| 💻Trading Platforms | MT4, MT5, HFM Platform |
| 📚Educational Resources | Webinars, articles, tutorials |
| ☎️Customer Support | 24 hours, 5 days a week |
| 📍Focus | Potentially suited for experienced traders due to the focus on the volatile VIX. Consider your trading experience and risk tolerance. |
| 📌Important Note | Thorough research on Conduct thorough research on HFM South Africa's specific regulations, educational resources, customer support options, and potential ZAR funding options before opening an account. |
| 🚀 Open an Account | 👉 Open Account |
Min Deposit
USD 0 / ZAR 0
Regulators
FSCA, DFSA, FSC, CMA. FCA
Trading Platform
MT4, MT5, HFM Platform
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
No Trading Fees
Account Activation
24 Hours
Asset Classes
| 📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
| 💱Forex | EUR/USD, GBP/USD | 0.1 pips (Zero Account) | 1.3 pips (Premium Account) | 3+ pips (Exotic pairs) |
| ➡️Indices | US30 (Dow Jones), UK100 (FTSE) | 0.8 pts | 2 pts | 5+ pts (Volatility or illiquid markets) |
| 🪙Commodities | Gold (XAU/USD), Oil (USOIL) | 0.2 pips | 0.8 pips | 2+ pips (Lower liquidity periods) |
| 💵Cryptocurrencies | Bitcoin (BTC/USD), Ethereum (ETH/USD) | Varies | 3 pips | 10+ pips (Low liquidity coins) |
Pros and Cons
| ✅ Pros | ❌ Cons |
| FSCA Regulated | US clients not accepted |
| Fast and easy account opening | High bank withdrawal fees |
| Low trading fees | Inactivity fee after one year |
Our Findings
HFM is among the leading forex and CFD brokers with headquarters in Cyprus since 2010. They can trade more than one thousand instruments including Forex pairs, commodities, indices, and cryptocurrencies, for traders. HFM is authorized and regulated by more than one body, including the Financial Sector Conduct Authority in South Africa which enhances the security of trading. The broker provides competitive spreads, high leverage up to 1:2000, and supports MetaTrader 4/5 and other trading platforms. Furthermore, HFM provides multiple account options with no minimal deposit that allow new or high or low-capital dealers to trade with ease.
What trading platforms are available to Botswana traders?
HFM provides access to several trading platforms, including:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- HFM Mobile App
These platforms cater to various trading preferences and strategies.
What account types does HFM offer?
HFM offers a variety of account types to suit different trading needs:
- Cent Account
- Zero Spread Account
- Premium Account
- Pro Account
Each account type has its features, including varying spreads, leverage options, and commission structures.
Pepperstone
Pepperstone offers Botswana traders competitive spreads, low commissions, and leverage up to 1:500. It offers trading on platforms such as MT4 and MT5 and you can pay via credit cards, PayPal, and other means, it also offers educational materials.
Features
| 🔎Broker | Pepperstone |
| Company Information | |
| 📅Year Founded | 2010 |
| 🧑🏻💻Amount of staff | 300+ |
| 👩💻Amount of active traders | 300,000+ |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB |
| 🌎Country of regulation | Australia, UK, Dubai, Bahamas, Kenya |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | FSCS (UK clients) |
| Account Types and Features | |
| 💳Institutional Accounts | No |
| 👨💼Managed Accounts | Yes (MAM/PAMM) |
| 📇Minor account currencies | USD, EUR, GBP, AUD, JPY, CHF |
| 💰Minimum Deposit | $0 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-3 business days |
| 🪙Fund Withdrawal Fee | No fees |
| 📊Spreads from | 0.0 pips |
| 💸Commissions | From $3.50 per lot (Razor Account) |
| 💱Number of base currencies supported | 10+ |
| 🚀Swap Fees | Applicable (except Islamic accounts) |
| 📈Leverage | Up to 1:500 |
| 📏Margin requirements | Varies by asset |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | 30ms |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | 1,200+ |
| 🗠CFD Stock Indices | 15+ |
| ⚖️CFD Commodities | 25+ |
| 📜CFD Shares | 900+ |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
| 💵Withdrawal Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MT4, MT5, cTrader |
| 👩💻OS Compatibility | Windows, macOS, Android, iOS |
| 🖥️Forex trading tools | Smart Trader Tools, Autochartist, VPS |
| Customer Support | |
| 🗣️Live chat availability | Yes |
| 📱Customer Support email address | support@pepperstone.com |
| 📞Customer Support Contact Number | +44 203 097 8755 |
| 👾Social media Platforms | Facebook, Twitter, Instagram, YouTube |
| 🗣️Languages supported on Website | 10+ |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Articles, videos, webinars, tutorials |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 1,000+ |
| 📋IB Program | Yes |
| 🪙Rebate program | Yes |
| 👉Open Account | 👉 Open Account |
Min Deposit
USD 0
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Platform
MT4, MT5, cTrader, TradingView
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Asset Classes
| 📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
| 💱Forex | EUR/USD, GBP/USD | 0.0 pips | 0.6 pips | 1.2 pips |
| ➡️Indices | S&P 500, NASDAQ | 0.4 points | 1.0 points | 1.5 points |
| 🪙Commodities | Gold, Oil | 0.03 | 0.10 | 0.20 |
| 💰Cryptocurrencies | Bitcoin, Ethereum | 0.01% | 0.10% | 0.20% |
| 📜Stocks | Tesla, Apple | 0.1 pips | 0.3 pips | 0.5 pips |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Pepperstone is a well-known and trusted broker in South Africa | Pepperstone does not have proprietary trading platforms |
| Pepperstone accepts a variety of funding and withdrawal options | There are only two retail accounts offered |
| South Africans can expect tight and competitive spreads on the Razor Account | Pepperstone is not regulated by the FSCA (according to the website, the application was withdrawn) |
| South Africans can contact Pepperstone 24/7 across various channels | Pepperstone does not provide local telephone assistance in South Africa |
Our Findings
Pepperstone offers competitive trading conditions with tight spreads, low commission fees, and leverage up to 1:500. Over 1200 financial instruments are offered such as forex, indices, commodities, and cryptocurrencies with dependable platforms like MT4/5, cTrader, and more.
Are there any educational resources available for traders?
Yes, Pepperstone provides a range of educational materials, including webinars, tutorials, and market analysis, to support traders in enhancing their trading skills.
Are there any fees associated with deposits and withdrawals?
Pepperstone does not charge fees for deposits. However, traders should be aware of potential fees imposed by their payment provider or bank, as well as currency conversion costs if applicable. For detailed information on fees, please visit Pepperstone’s official website.
FXTM
FXTM is a global CFD and FX broker that is well-regulated by several financial authorities including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
Features
| 🔎Broker | FXTM |
| Company Information | |
| 📅Year Founded | 2011 |
| 🧑🏻💻Amount of staff | 700+ |
| 👩💻Amount of active traders | Over 3 million |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FCA, FSCA, FSC |
| 🌎Country of regulation | UK, South Africa, Mauritius |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | ICF (Investor Compensation Fund) |
| Account Types and Features | |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes (PAMM accounts) |
| 📇Minor account currencies | USD, EUR, GBP, AUD, ZAR |
| 💰Minimum Deposit | $200 / R3709 |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-2 business days |
| 🪙Fund Withdrawal Fee | Varies by method |
| 📊Spreads from | 0.1 pips |
| 💸Commissions | From $4 per lot (on certain accounts) |
| 💱Number of base currencies supported | 7 |
| 🚀Swap Fees | Applicable |
| 📈Leverage | Up to 1:2000 |
| 📏Margin requirements | Varies based on leverage and asset |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | 0.01 seconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | 250+ |
| 🗠CFD Stock Indices | 11 |
| ⚖️CFD Commodities | 6 |
| 📜CFD Shares | 120+ |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
| 💵Withdrawal Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MT4, MT5, FXTM Trader App |
| 👩💻OS Compatibility | Windows, macOS, Android, iOS |
| 🖥️Forex trading tools | Trading signals, VPS, economic calendar |
| Customer Support | |
| 🗣️Live chat availability | Yes |
| 📱Customer Support email address | support@fxtm.com |
| 📞Customer Support Contact Number | +44 203 734 1071 |
| 👾Social media Platforms | Facebook, Twitter, Instagram, YouTube |
| 🗣️Languages supported on Website | 15+ |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Articles, tutorials, videos, webinars |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 3,000+ |
| 📋IB Program | Yes |
| 🪙Rebate program | Yes |
| 👉Open Account | 👉 Open Account |
Min Deposit
USD 200
Regulators
FCA, FSC, FSCA
Trading Platform
MT4, MT5, FXTM Trader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Asset Classes
| 📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
| 💱Forex | EUR/USD | 0.0 pips | 1.3 pips | 2.5 pips |
| ➡️Indices | US500 | 0.5 points | 1.0 points | 2.0 points |
| 🪙Commodities | XAU/USD (Gold) | 0.2 pips | 0.5 pips | 1.0 pips |
| 💰Cryptocurrencies | BTC/USD | 10.0 pips | 20.0 pips | 50.0 pips |
| 📜Stocks | AAPL (Apple Inc.) | 0.1 USD | 0.3 USD | 0.5 USD |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fast execution speeds | Bonus programs might be restricted in some regions. |
| High leverage (up to 1:2000) | High leverage can increase risk, especially for beginners. |
| Tight spreads on ECN accounts | Lower leverage options for EU/UK clients due to regulations (1:30 for retail traders). |
| Access to MetaTrader 4 & 5 | High inactivity fees if the account is dormant. |
| Good educational resources | Customer support can sometimes be slow during peak times. |
| Regulated by several authorities (FCA, CySEC, FSCA) | Limited product offering outside Forex (fewer stocks and indices). |
Our Findings
FXTM provides Botswana traders with the opportunity to trade in the forex and CFD products by opening the Micro and Advantage accounts. For instance, leverage, spread, and trading platforms include meta trader four and meta trader five for traders. Some of the unique features include the ability to make local payments and get supported education materials from FXTM.
Is FXTM available to traders in Botswana?
Yes, FXTM accepts clients from Botswana, providing access to a wide range of financial instruments, including forex pairs, commodities, indices, and cryptocurrencies.
What is the minimum deposit required to open an account with FXTM?
The minimum deposit requirement varies depending on the account type chosen. For detailed information on each account’s minimum deposit, please refer to FXTM’s official website or contact their customer support.
IC Markets
IC Markets offers Botswana traders access to diverse financial instruments, including forex, commodities, indices, and stocks, through platforms like MetaTrader 4, MetaTrader 5, and cTrader. The broker provides competitive spreads, with Raw Spread accounts starting from 0.0 pips, and a minimum deposit of $200. While IC Markets does not have a local office in Botswana, it accepts Botswana traders and offers various deposit and withdrawal methods.
Features
| 🔎Broker | IC Markets |
| Company Information | |
| 📅Year Founded | 2007 |
| 🧑🏻💻Amount of staff | Over 200 |
| 👩💻Amount of active traders | Over 180,000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | ASIC (Australia), CySEC (Cyprus), FSA (Seychelles) |
| 🌎Country of regulation | Australia, Cyprus, Seychelles |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes, through regulatory bodies |
| Account Types and Features | |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | No |
| 📇Minor account currencies | EUR, GBP, AUD, CAD, CHF, JPY, NZD, SGD, HKD |
| 💰Minimum Deposit | $200 / 3607 ZAR |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-2 business days |
| 🪙Fund Withdrawal Fee | None for most methods |
| 📊Spreads from | 0.0 pips on Raw Spread accounts |
| 💸Commissions | $3.50 per lot per side on Raw Spread accounts |
| 💱Number of base currencies supported | 10 |
| 🚀Swap Fees | Applicable |
| 📈Leverage | Up to 500:1 |
| 📏Margin requirements | Variable based on asset and leverage |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Average 40 milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 2300 |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller, UnionPay, others |
| 💵Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller, UnionPay, others |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, IC Markets WebTrader |
| 👩💻OS Compatibility | Web-based (All major browsers), Windows, macOS, iOS, Android |
| 🖥️Forex trading tools | Autochartist, Trading Central, ZuluTrade, Myfxbook, Advanced charting tools |
| Customer Support | |
| 🗣️Live chat availability | Yes |
| 📱Customer Support email address | support@icmarkets.com |
| 📞Customer Support Contact Number | +61 2 8014 4280 |
| 👾Social media Platforms | Facebook, Twitter, LinkedIn, YouTube |
| 🗣️Languages supported on Website | English, Chinese, Spanish, Italian, French, more |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Video tutorials, Articles, Webinars, Market analysis |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Not publicly disclosed |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | No |
| 🪙Rebate program | Yes |
| 👉Open Account | 👉 Open Account |
Min Deposit
USD 200
Regulators
ASIC, CySEC, FSA, SCB
Trading Platform
MT4, MT5, WebTrader
Crypto
Yes
Total Pairs
61
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Asset Classes
| 📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
| 💱Forex | EUR/USD | 0.0 | 0.1 | 0.5 |
| ➡️Indices | S&P 500 | 0.0 | 0.5 | 1.2 |
| 🪙Commodities | Gold (XAU/USD) | 0.0 | 1.0 | 2.5 |
| 💲Cryptocurrencies | Bitcoin (BTC/USD) | 0.0 | 30.0 | 100.0 |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low Forex Fees | Limited Product Selection |
| Easy Account Opening | Slow Chat Response |
Our Findings
IC Markets offers Botswanan traders the forex and CFD trading opportunities on instruments such as the MT4 and MT5 platforms. Offering tight spreads, low commissions, and leverage up to 1:500, This broker offers multiple payment options and offers training to its clients who are entering the field of trading.
Are there any educational resources available for traders?
Yes, IC Markets provides a range of educational materials, including webinars, tutorials, and market analysis, to support traders in enhancing their trading skills.
Are there any fees associated with deposits and withdrawals?
IC Markets does not charge fees for deposits. However, traders should be aware of potential fees imposed by their payment provider or bank, as well as currency conversion costs if applicable. For detailed information on fees, please visit IC Markets’ official website.
Conclusion
The Most Recommended Forex Brokers in Botswana have tight spreads, high leverage, and powerful platforms such as MetaTrader 4 and MetaTrader 5, along with reliable customer support. It means the traders have the opportunity to choose a wide range of instruments they want to work with, guarantee they will receive their money to provide safety and learn more about trading and how to become successful.
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Disclaimer
Traders need to understand and remember that CFDs are leveraged, complex products that may be accompanied by the risk of incurring losses that may exceed the initial deposit of the trader. Traders need to ensure that they understand their risk exposure and they need to determine whether the risk involved is suited to them before making trading decisions that could result in loss of capital.
Frequently Asked Questions
Is it Legal to Trade Forex in Botswana?
Yes. Forex Trading is 100% legal in Botswana and multiple renowned brokers accept Batswana Traders.
Which Broker is Most Popular amongst Batswana Traders?
According to research, Exness is the most popular broker choice amongst Batswana Traders.
How many forex traders are currently actively trading in Botswana?
The rough estimate is approximately 10,000 active Batswana traders per month.
Is forex trading in Botswana profitable?
Yes, forex trading in Botswana does have the possibility to be profitable.
Who regulates Forex Trading in Botswana?
Forex trading in Botswana falls under the regulatory authority of the Bank of Botswana.
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