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easyMarkets Review

Overall, easyMarkets is considered a low-risk and can be summarised as trustworthy and competitive. easyMarkets is regulated by the top-tier DFSA, FCA, and ASIC. easyMarkets is currently one of the top-rated platforms with a Trust Score of 82% out of 100 with a rating of 9/10. EasyMarkets is currently not regulated by the MFED, BoB, or NBFIRA of Botswana

Updated : February 19, 2024

Jump to:

005 regulations book

Overview

005 feature selection

Regulation and Safety of Funds

trophy

Awards and Recognition

007 fees

Account Types and Features

profile

Account Registration

comparison

Broker Comparison

003 responsive design

Trading Platforms

003 stock market

Range of Markets

charge

Fees

001 cash withdrawal

Deposit and Withdrawels

003 research

Education and Research

bonus

Bonuses and Promotions

001 cash withdrawal

Affiliate Programs

customer service

Customer Support

002 affiliate marketing

Social Responsibility

008 auction

Final Verdict

004 review

Pros and Cons

001 question

FAQ

Overall Rating

Min Deposit

25 USD /336 BWP

Regulators

CySEC, ASIC, BVI, FSA

Trading Desk

MetaTrader 4, TradingView

Crypto

Yes

Total Pairs

275+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Overview

Overview

 

Overall, easyMarkets is considered low-risk, with an overall Trust Score of 82 out of 100. They are licensed by one Tier-1 Regulator (high trust), one Tier-2 Regulator (average trust), and two Tier-3 Regulators (low trust). The broker offers three main retail investor accounts namely a Standard Account (MT4 or Web/App), a Premium Account (MT4 or Web/App), and a VIP Account (MT4 or Web/App).

The broker accepts Botswanan clients and has an average spread from 0.03 USD on WTI (Fixed) with zero commission charges. easyMarkets has a maximum leverage ratio of up to 1:400 and a demo and Islamic account is available. MT4, MT5, easyMarkets, and TradingView platforms are supported. easyMarkets is headquartered in the British Virgin Islands and is regulated by BVI FSC, CySEC, ASIC, and FSA.

 

The broker began operations in 2001 and was one of the first to provide online trading via its intuitive interface. They aim to provide traders with dependable trading conditions in reaction to market volatility, with a set spread and no slippage, so they are constantly aware of their expenses.

Since the broker’s inception, the goal of democratizing trading has been to take an initial deposit of just 300 Pula, or an equivalent of $25, while expanding their customer base and earning several excellent reviews for their trading environment.

 

The broker’s CFDs offering has expanded over the years to cover Forex instruments, worldwide indices, energy, metals, stocks, and cryptocurrencies such as Bitcoin, Ripple, and Ethereum.

Overall, they have a favorable reputation, especially among newcomers to trading. Additionally, the broker is noted for its user-friendly features, which include a low freeze rate and transaction cancellation.

 

This easyMarkets review for Botswana will provide local retail traders with the details they need to consider whether easyMarkets suits their unique trading objectives and needs.

 

Distribution of Traders

Distribution of Traders

 

Currently has the largest market share in these countries:

➡️ Poland – 22.4%

➡️ Israel – 22.1%

➡️ Spain – 10.2%

➡️ China – 6%

➡️ Palestinian Territority – 5.4%

 

Popularity among traders 

🥇 Even though THEY do not dominate the Botswana derivatives market, the broker is ranked among the top 100 brokers in the country.

easyMarkets At a Glance

🏛 HeadquarteredThe British Virgin Islands
🌎 Global OfficesCyprus, Australia, China
🏛 Local Market Regulators in Botswana• Ministry of Finance and Economic Development (MFED)
• Bank of Botswana (BoB)
• Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
💳 Foreign Direct Investment in Botswana115.89 BWP Million in 2021
💰 Foreign Exchange Reserves in Botswana5270 USD Million in 2021
✔️ Local office in Gaborone?No
👨‍⚖️ Governor of SEC in BotswanaNone, Moses Dinekere Pelaelo is the Governor of the Bank of Botswana
✔️ Accepts Botswana Traders?Yes
📊 Year Founded2001
📞 Botswana Office Contact NumberNone
📱 Social Media Platforms• Instagram
• Twitter
• Weibo
• LinkedIn
• YouTube
⚖️ RegulationBVI FSC, CySEC, ASIC, FSA
1️⃣ Tier-1 Licenses• Australian Securities and Exchange Commission (ASIC)
2️⃣ Tier-2 Licenses• Cyprus Securities and Exchange Commission (CySEC)
3️⃣ Tier-3 Licenses• British Virgin Islands Financial Services Commission (BVI FSC)
• Financial Services Authority (FSA) Seychelles
🪪 License Number• British Virgin Islands – SIBA/L/20/1135
• Cyprus – 079/07
• Australia – AFSL 246566
• Seychelles – SD056
⚖️ MFED, BoB, or NBFIRA RegulationNo
✔️ Regional RestrictionsUnited States of America, Israel, British Columbia, Manitoba, Quebec, Ontario and Afghanistan, Anguilla, Burundi, Cambodia, Cayman Islands, Chad, Congo, Cuba, the Democratic Republic of the Congo, Dominica, Equatorial Guinea, Fiji, Guinea-Bissau, Haiti, Honduras, Iran, Iraq, Laos, Libya, Mozambique, Myanmar, Nicaragua, North Korea, Palau, Panama, Russian Federation, Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, Turkmenistan, Vanuatu, Venezuela, Yemen
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts3
✔️ PAMM AccountsNone
💻 Liquidity ProvidersNone, Market Maker broker
✔️ Affiliate ProgramYes
📱 Order ExecutionMarket
📊 Starting spreadFixed, 0.03 USD WTI (OIL)
📉 Minimum Commission per TradeNone
💰 Decimal Pricing5 points after the comma
📞 Margin Call70%
🛑 Stop-Out30%
📉 Minimum Trade Size0.01 lots
📈 Maximum Trade Size50 lots
✅ Crypto trading offered?Yes
✔️ Offers a BWP Account?No
📉 Dedicated Botswana Account Manager?Yes, a Personal Account Manager is offered
📈 Maximum Leverage1:400
📊 Leverage Restrictions for Botswana?No
💳 Minimum Deposit (BWP)300 BWP or equivalent to $25
✔️ Botswana Pula Deposits Allowed?Yes
📊 Active Botswana Trader Stats250,000+
👥 Active Botswana-based easyMarkets customersUnknown
🔁 Botswana Daily Forex TurnoverUnknown, Forex overall is $6.6 Trillion
💰 Deposit and Withdrawal Options• Debit Card
• Credit Card
• AstroPay
• Local Bank Transfer
• Bpay
• Neteller
• Skrill
• Fasapay
• Sticpay
• Egyptian Local • Deposits
• WebMoney
• BitWallet
• Perfect Money
• Bank Wire Transfer
• UnionPay
💻 Minimum Withdrawal TimeInstant
⏰ Maximum Estimated Withdrawal TimeUp to 5 Working Days
💳 Instant Deposits and Instant Withdrawals?Yes
🏛 Segregated Accounts with Botswana Banks?No
📱 Trading Platforms• easyMarkets Platform
• MetaTrader 4
• MetaTrader 5
• TradingView
💻 Tradable Assets• Forex
• Shares
• Cryptocurrencies
• Precious Metals
• Commodities
• Indices
✔️ Offers USD/BWP currency pair?No
📊 USD/BWP Average SpreadN/A
✅ Offers Botswana Stocks and CFDsNo
💻 Languages supported on the WebsiteChinese, Arabic, Polish, Spanish, Italian, German, Japanese, and several others
☎️ Customer Support LanguagesMultilingual
👥 Copy Trading SupportNone
⏰ Customer Service Hours24/5
📞 Botswana-based customer support?No
💸 Bonuses and Promotions for Botswanans?Yes
📚 Education for Botswanan beginner tradersYes
📱 Proprietary trading softwareYes
🤝 Most Successful Trader in BotswanaUnknown
✔️ Is easyMarkets a safe broker for Botswana Traders?Yes
🎖 Rating for easyMarkets Botswana9/10
🥇 Trust score for easyMarkets Botswana82%
👉 Open Account👉 Open Account

Regulation and Safety of Funds

Regulation and Safety of Funds

 

Regulation in Botswana

The broker is not regulated by any of the local market regulators in Botswana namely the Ministry of Finance and Economic Development (MFED), the Bank of Botswana (BoB), or the Non-Bank Financial Institutions Regulatory Authority (NBFIRA).

 

Global Regulations

The broker is well regulated by the following regulatory entities in the regions where the broker operates:

➡️ This company is licensed by the British Virgin Islands Financial Services Commission under license number SIBA/L/20/1135 and is registered in the British Virgin Islands.

➡️ In Cyprus, Easy Forex Trading Ltd is a Cyprus-based company that is regulated and approved by the CySEC under license number 079/07.

➡️ As an Australian Securities and Investments Commission (ASIC) registered firm, Easy Markets Pty Ltd, operates under the AFSL number 246566.

➡️ The Financial Services Authority of Seychelles (FSA) has licensed EF Worldwide Ltd as a forex and CFD broker and regulated it under SD056.

 

Client Fund Security and Safety Features

The broker regulations are fully in line with the European Securities and Markets Authority’s (ESMA) findings. Financial markets in the European Union are well-regulated and orderly because the European Securities and Markets Authority acts as a safety net for investors.

There are top-tier international bank accounts where funds are maintained separately from those of its clients. Customers are the only ones who have access to this money, and they may spend it as they see appropriate.

 

Is easyMarkets a regulated broker?

Yes, the broker is a regulated broker. The company operates under various regulatory authorities, depending on the region. For example, in Europe, easyMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 079/07.

 

How does easyMarkets ensure the safety of clients’ funds?

The broker prioritizes the safety of clients’ funds through various measures aimed at mitigating risks and safeguarding assets. One key practice is the segregation of client funds, where clients’ funds are kept separate from the company’s operational funds. This segregation ensures that clients’ funds remain protected in the event of insolvency or financial difficulties.

Awards and Recognition

Awards and Recognition

 

Since its inception in 2001, the broker has earned the following honors and distinctions, the most recent of which is:

➡️ FxScouts.com’s Best Forex Trading Innovation award for 2021.

➡️ The title for “Best Forex Trading App” at the Smart Vision Investment Expo in 2021.

➡️ In 2020, FxScouts.com was awarded the broker “Best Forex Trading Innovation” Award.

 

Has easyMarkets received any awards or recognition for its services?

Yes, the broker has received numerous awards and recognition for its contributions to the financial services industry. The company has been recognized for its brokerage services, trading platforms, customer satisfaction, and innovation.

 

How can clients verify easyMarkets’ awards and recognition?

Clients interested in verifying awards and recognition can typically find a list of accolades on the company’s official website. Additionally, easyMarkets may publish press releases or announcements regarding recent awards received. Clients can also refer to industry-specific publications or websites that compile lists of award-winning brokers and financial service providers.

Account Types and Features

Account Types and Features

 

Botswanan traders can access transparent charge schedules on all three of its trading accounts. There are three dynamic account types available to Botswanan traders, each catering to various degrees of expertise and trading styles, depending on the trading platform they employ.

Each account subcategory under these main account types has its unique trading characteristics and circumstances, which we shall examine in depth.

 

The live account types that are offered are:

➡️ Standard Account Web/App

➡️ Standard Account MT4

➡️ Premium Account Web/App

➡️ Premium Account MT4

➡️ VIP Account Web/App

➡️ VIP Account MT4

 

💻 Live Account📉 Minimum Dep.📊 Average Spread💰 Commissions💸 Average Trading Cost
➡️ Standard Web/App300 BWP/$251.8 pipsNone20 USD
➡️ Standard MT4300 BWP/$251.7 pipsNone19 USD
➡️ Premium Web/App24,000 BWP or1.5 pipsNone15 USD
➡️ Premium MT424,000 BWP or $2,0001.2 pipsNone14 USD
➡️ VIP Web/App120,000 BWP or $10,0000.8 pipsNone12 USD
➡️ VIP MT4120,000 BWP or $10,0000.7 pipsNone9 USD

 

Live Trading Accounts

Standard Account Web/App

Standard Account

 

Most Botswanan traders use the Standard Account, which is the most common type of account. It meets their needs and goals despite their trading experience or skill. With this account, Botswanans can expect the following features and characteristics:

Account FeatureValue
📱 Platform OfferedeasyMarkets Web/Mobile App
📉 Minimum Transaction Size (USD)70 USD
💻 Maximum Transaction Size (lots)50 lots
📊 Average Fixed Spreads (from)• EUR/USD – 1.8 pips
• GBP/USD – 2.4 pips
• USD/JPY – 2.4 pips
• WTI (OIL) – 0.06 USD
• XAU/USD – 0.50 USD
📉 Minimum Deposit300 Pula (Equivalent to $25)
📈 Maximum Leverage1:200
💵 Commission FeesNone
💸 Account FeesNone
💰 Deposit and Withdrawal FeesNone
👥 Customer Telephonic SupportYes
🗣 Personal Account ManagerYes
📞 24/5 Customer Support Through Live ChatYes
💵 Guaranteed Zero SlippageYes
🛑 Guaranteed Stop-LossYes
❌ Negative Balance ProtectionYes
📊 Daily Email on Fundamental AnalysisYes
✔️ Daily Email on Technical AnalysisYes
📱 Trading Central IndicatorNo
💰 Account Base Currency OptionsEUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC

 

Standard Account MT4

Standard Account MT4

 

Botswanan traders who open a Standard Account on MetaTrader 4 may anticipate the following trading features and conditions.

 

Account FeatureValue
📱 Platform OfferedMetaTrader 4
📉 Minimum Transaction Size (USD)0.01
💻 Maximum Transaction Size (lots)50 lots
📊 Average Fixed Spreads (from)• EUR/USD – 1.7 pips
• GBP/USD – 2.3 pips
• USD/JPY – 2 pips
• WTI (OIL) – 0.05 USD
• XAU/USD – 0.45 USD
📉 Minimum Deposit336 Pula (Equivalent to $25)
📈 Maximum Leverage1:400
💵 Commission FeesNone
💸 Account FeesNone
💰 Deposit and Withdrawal FeesNone
👥 Customer Telephonic SupportYes
🗣 Personal Account ManagerYes
📞 24/5 Customer Support Through Live ChatYes
💵 Guaranteed Zero SlippageYes
🛑 Guaranteed Stop-LossNo
❌ Negative Balance ProtectionNo
📊 Daily Email on Fundamental AnalysisYes
✔️ Daily Email on Technical AnalysisYes
📱 Trading Central IndicatorYes
💰 Account Base Currency OptionsEUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC

 

Premium Account Web/App

Premium Account

 

The Premium Account is ideal for more experienced traders who want greater spreads and more features.

 

Account FeatureValue
📱 Platform OfferedeasyMarkets Web/Mobile App
📉 Minimum Transaction Size (USD)70 USD
💻 Maximum Transaction Size (lots)50 lots
📊 Average Fixed Spreads (from)• EUR/USD – 1.5 pips
• GBP/USD – 1.9 pips
• USD/JPY – 2.2 pips
• WTI (OIL) – 0.05 USD
• XAU/USD – 0.45 USD
📉 Minimum Deposit24,000 Pula (Equivalent to $2,000)
📈 Maximum Leverage1:200
💵 Commission FeesNone
💸 Account FeesNone
💰 Deposit and Withdrawal FeesNone
👥 Customer Telephonic SupportYes
🗣 Personal Account ManagerYes
📞 24/5 Customer Support Through Live ChatYes
💵 Guaranteed Zero SlippageYes
🛑 Guaranteed Stop-LossYes
❌ Negative Balance ProtectionYes
📊 Daily Email on Fundamental AnalysisYes
✔️ Daily Email on Technical AnalysisYes
📱 Trading Central IndicatorNo
💰 Account Base Currency OptionsEUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC

 

Premium Account MT4

Premium Account MT4

 

In addition to several advantages, the Premium MT4 Account is provided via the MetaTrader 4 trading platform. Botswanan traders who use this account type can expect some of the following favorable trading conditions and unique features:

Account FeatureValue
📱 Platform OfferedMetaTrader 4
📉 Minimum Transaction Size (USD)0.01
💻 Maximum Transaction Size (lots)50 lots
📊 Average Fixed Spreads (from)• EUR/USD – 1.2 pips
• GBP/USD – 1.8 pips
• USD/JPY – 1.8 pips
• WTI (OIL) – 0.04 USD
• XAU/USD – 0.40 USD
📉 Minimum Deposit24,000 Pula (Equivalent to $2,000)
📈 Maximum Leverage1:400
💵 Commission FeesNone
💸 Account FeesNone
💰 Deposit and Withdrawal FeesNone
👥 Customer Telephonic SupportYes
🗣 Personal Account ManagerYes
📞 24/5 Customer Support Through Live ChatYes
💵 Guaranteed Zero SlippageNo
🛑 Guaranteed Stop-LossNo
❌ Negative Balance ProtectionYes
📊 Daily Email on Fundamental AnalysisYes
✔️ Daily Email on Technical AnalysisYes
📱 Trading Central IndicatorYes
💰 Account Base Currency OptionsEUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC

 

VIP Account Web/App

VIP Account

 

The VIP Account is for professional traders who need the best possible trading conditions and extra features to add a competitive edge to their trading. VIP Account holders can expect the following features from their VIP Account on a Web or App trading platform:

 

Account FeatureValue
📱 Platform OfferedeasyMarkets Web/Mobile App
📉 Minimum Transaction Size (USD)70 USD
💻 Maximum Transaction Size (lots)50 lots
📊 Average Fixed Spreads (from)• EUR/USD – 0.8 pips
• GBP/USD – 1.4 pips
• USD/JPY – 1.5 pips
• WTI (OIL) – 0.04 USD
• XAU/USD – 0.40 USD
📉 Minimum Deposit120,000 Pula (Equivalent to $10,000)
📈 Maximum Leverage1:200
💵 Commission FeesNone
💸 Account FeesNone
💰 Deposit and Withdrawal FeesNone
👥 Customer Telephonic SupportYes
🗣 Personal Account ManagerYes
📞 24/5 Customer Support Through Live ChatYes
💵 Guaranteed Zero SlippageYes
🛑 Guaranteed Stop-LossYes
❌ Negative Balance ProtectionYes
📊 Daily Email on Fundamental AnalysisYes
✔️ Daily Email on Technical AnalysisYes
📱 Trading Central IndicatorNo
💰 Account Base Currency OptionsEUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC

 

VIP Account MT4

VIP Account MT4

 

Botswanan traders can access higher leverage ratios as well as various features additional features with the VIP Account on MetaTrader 4, and these are as follows:

 

Account FeatureValue
📱 Platform OfferedMetaTrader 4
📉 Minimum Transaction Size (USD)0.01
💻 Maximum Transaction Size (lots)50 lots
📊 Average Fixed Spreads (from)• EUR/USD – 0.7 pips
• GBP/USD – 1.3 pips
• USD/JPY – 1 pip
• WTI (OIL) – 0.03 USD
• XAU/USD – 0.35 USD
📉 Minimum Deposit120,000 Pula (Equivalent to $10,000)
📈 Maximum Leverage1:400
💵 Commission FeesNone
💸 Account FeesNone
💰 Deposit and Withdrawal FeesNone
👥 Customer Telephonic SupportYes
🗣 Personal Account ManagerYes
📞 24/5 Customer Support Through Live ChatYes
💵 Guaranteed Zero SlippageYes
🛑 Guaranteed Stop-LossYes
❌ Negative Balance ProtectionYes
📊 Daily Email on Fundamental AnalysisYes
✔️ Daily Email on Technical AnalysisYes
📱 Trading Central IndicatorNo
💰 Account Base Currency OptionsEUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC

 

Base Account Currencies

Botswanans who open a live trading account with the broker have additional options when it comes to the base currency of their account. Botswanans are not given the choice of making BWP their default currency and can choose between:

➡️ EUR

➡️ CAD

➡️ CZK

➡️ JPY

➡️ NZD

➡️ AUD

➡️ PLN

➡️ TRY

➡️ CNY

➡️ HKD

➡️ USD

➡️ SGD

➡️ CHF

➡️ GBP

➡️ MXN

➡️ NOK

➡️ SEK

➡️ ZAR

➡️ BTC

 

Demo Account

Demo Account

 

A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 

There is a certain degree of risk involved when trading financial markets and the broker offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.

 

With a demo account, Botswanan traders have access to an unlimited risk-free trading platform that never expires.

Demo accounts are appropriate for novices, but they may also be used to evaluate their unique trading platform. Demo accounts are pre-loaded with 10,000 USD in virtual funds that can be increased at any given time.

 

Islamic Account

Islamic Account

 

Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by the Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

If you desire an Islamic account, one is available. You will not be charged any swap fees with this sort of account, and the account is Shariah Law compliant with no extra costs normally imposed.

 

What types of trading accounts does easyMarkets offer?

The broker offers different types of trading accounts to cater to the diverse needs of traders. These may include Standard accounts, VIP accounts, and Islamic accounts. Standard accounts are suitable for most retail traders and offer features such as fixed spreads and access to a wide range of financial instruments.

 

What features are available with easyMarkets trading accounts?

The broker trading accounts come with a variety of features designed to enhance the trading experience. These features may include access to easyMarkets’ proprietary trading platform, easyMarkets web platform, or the popular MetaTrader 4 (MT4) platform.

How to open an Account with easyMarkets in Botswana

Similarly to a bank, register a forex trading account with easyMarkets for the first time.

 

Step 1 – Click on Sign Up

On the home page scroll and click on Sign Up in the left corner.

 

How to open an Account with easyMarkets step1

 

Step 2 – Complete the online application

With easyMarkets, new accounts are opened online, and the process is short and easy. Traders must first prove their e-mail address and create a password or connect through their Google or Facebook accounts.

 

How to open an Account with easyMarkets step 2

 

Step 3 – Verify your account

The Client Agreement (which is provided on the sign-up page), then requires traders to verify their accounts as mandated by regulatory requirements. This can be done by submitting a copy of the trader’s ID and proof of residency document.

easyMarkets Vs AvaTrade Vs Exness – Broker Comparison

🥇 easyMarkets🥈 AvaTrade🥉 Exness
⚖️ RegulationBVI FSC, CySEC, ASIC, FSACentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROCFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA
📱 Trading Platform• easyMarkets Platform
• MetaTrader 4
• MetaTrader 5
• TradingView
• AvaTradeGO
• AvaOptions
• AvaSocial
• MetaTrader 4
• MetaTrader 5
• DupliTrade
• ZuluTrade
• MetaTrader 4
• MetaTrader 5
• Exness App
• Exness Terminal
💰 Withdrawal FeeNoNoNo
📊 Demo AccountYesYesYes
📈 Minimum Deposit300 BWP ($25)1,200 BWP120 BWP
📊 LeverageUp to 1:400• 1:30 (Retail)
• 1:400 (Pro)
Unlimited
📊 SpreadFixed, 0.03 USDFixed, from 0.9 pipsVariable, from 0.0 pips
💰 CommissionsNoneNoneFrom $0.1 per side, per lot
✴️ Margin Call/Stop-Out70%/30%• 25% – 50% (M)
• 10% (S/O)
60%/0%
💻 Order ExecutionMarketInstantInstant

💳 No-Deposit BonusNoNoNo
📊 Cent AccountsNoNoYes
📈 Account Types• Standard Account (Web/App and MT4)
• Premium Account (Web/App and MT4)
• VIP Account (Web/App and MT4)
• Standard Live Account
• Professional Account Option
• Standard Account
• Standard Cent Account
• Raw Spread Account
• Zero Account
• Pro Account
⚖️ CBN RegulationNoNoNo
💳 BWP DepositsYesNoYes
📊 Botswana Pula AccountNoNoNo
👥 Customer Service Hours24/524/524/7
📊 Retail Investor Accounts315
☪️ Islamic AccountYesYesYes
📉 Minimum Trade Size0.01 lots0.01 lots0.01 lots
📈 Maximum Trade Size50 lotsUnlimitedUnlimited
💰 Minimum Withdrawal TimeInstant24 to 48 HoursInstant
📊 Maximum Estimated Withdrawal TimeUp to 5 DaysUp to 10 daysUp to 72 hours
💸 Instant Deposits and Instant Withdrawals?YesNoYes

Overall Rating

Min Deposit

25 USD /336 BWP

Regulators

CySEC, ASIC, BVI, FSA

Trading Desk

MetaTrader 4, TradingView

Crypto

Yes

Total Pairs

275+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

easyMarkets Trading Platforms

Trading Platforms

 

Offers Botswana Traders a choice between these trading platforms:

➡️ easyMarkets Platform

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ TradingView

 

Desktop Platforms

Desktop Platforms

 

➡️ MetaTrader 4

➡️ MetaTrader 5

 

The platform’s UI is no longer up to date because a newer version (MetaTrader 5) is currently in use. However, MetaTrader 4 is still known for its rapid execution rates, extensive set of charting tools, algorithmic trading capabilities, and customizability continue to make it a popular choice among traders.

In addition to MetaTrader 4, the broker is in the process of integrating MetaTrader 5, the updated and more robust version of the software. This will provide traders with additional features, tools, timeframes, order types, and more.

The advantage of the broker providing third-party platforms like MT4 and 5 is that traders may take their customized version of the platform with them if they decide to switch to another broker.

 

TradingView

TradingView

 

For traders who create a live account, Trading View is completely free. Any instrument can easily be researched and analyzed with this program. In addition,  Trading View tool also has the following features:

➡️ More than 50 advanced charting options

➡️ Over 100,000 indicators and scripts created by individual users

➡️ Multiple charts may be shown in a synchronized arrangement

 

Trading App

 

Trading App

 

 

➡️ easyMarkets Platform

➡️ MetaTrader 4 and 5

 

easyMarkets Platform

Because of its straightforward design, the easyMarkets app gives you access to all trading and information from a single user-friendly platform. Using the app, you can obtain live, real-time market data and news updates.

Free Stop Loss/Take Profit and Free Guaranteed Stop Loss/Take Profit are only a few of the features. The easyMarkets app is compatible with both iOS and Android smartphones, allowing you to access marketplaces throughout the globe if you have an internet connection.

 

MetaTrader 4 and 5

The easyMarkets MetaTrader apps enable traders to work from any location, albeit they offer significantly less capability than the desktop version of the platforms, including fewer timeframes and charting choices than the desktop version.

However, despite this, the ability to access analytics with technical indicators, graphical objects, a complete set of trading orders, and the ability to cancel and amend current orders will be retained for traders.

 

What trading platforms do easyMarkets offer?

The broker offers a user-friendly and intuitive proprietary trading platform, which is accessible via web and mobile devices. This platform provides traders with access to a wide range of financial instruments, including forex, commodities, indices, and cryptocurrencies. Additionally, easyMarkets also supports the popular MetaTrader 4 (MT4) platform, known for its advanced charting tools, technical indicators, and automated trading capabilities.

 

What features are available on easyMarkets trading platforms?

The broker proprietary trading platform and MetaTrader 4 (MT4) platform come equipped with a variety of features designed to enhance the trading experience. These features may include real-time market quotes, advanced charting tools, technical analysis indicators, risk management tools such as stop-loss and take-profit orders, and customizable trading interfaces.

Range of Markets

Range of Markets

 

Botswana Traders can expect the following range of markets:

➡️ Forex

➡️ Shares

➡️ Cryptocurrencies

➡️ Precious Metals

➡️ Commodities

➡️ Indices

 

Financial Instruments and Leverage offered 

🔨 Instrument💰 Number of Assets Offered📈 Max Leverage Offered
➡️ Forex103• Web/App: 1:200
• MT4: 1:400
• MT5: 1:500
➡️ Precious Metals5• Web/App: 1:200
• MT4: 1:400
• MT5: 1:500
➡️ ETFs0
➡️ Indices0• Web/App: 1:100
• MT4: 1:100
• MT5: 1:100
➡️ Stocks50• Web/App: 1:20
• MT4: 1:20
• MT5: 1:20
➡️ Cryptocurrency17• Web/App: 1:20
• MT4: 1:20
• MT5: 1:20
➡️ Options26None
➡️ Energies5• Web/App: 1:100
• MT4: 1:200
• MT5: 1:200
➡️ Bonds0
➡️ Agricultural Commodities7• Web/App: 1:20
• MT4: 1:80
• MT5: 1:80

 

What financial markets can I trade with easyMarkets?

The broker provides access to a diverse range of financial markets, allowing traders to explore various investment opportunities. These markets include forex, where clients can trade major, minor, and exotic currency pairs.

 

How accessible are the markets offered by easyMarkets?

The broker strives to make its markets accessible to traders of all levels of experience and expertise. The company offers user-friendly trading platforms, including its proprietary platform and the popular MetaTrader 4 (MT4) platform, which are accessible via web and mobile devices. These platforms provide traders with seamless access to a wide range of financial instruments, along with advanced trading tools and features.

Broker Comparison for Range of Markets

🥇 easyMarkets🥈 AvaTrade🥉 Exness
➡️️ ForexYesYesYes
➡️️ Precious MetalsYesYesYes
➡️️ ETFsNoYesNo
➡️️ CFDsYesYesYes
➡️️ IndicesYesYesYes
➡️️ StocksYesYesYes
➡️️ CryptocurrencyYesYesNo
➡️️ OptionsNoYesNo
➡️️ EnergiesYesYesYes
➡️️ BondsNoYesNo

Trading and Non-Trading Fees

Spreads

Spreads

 

The broker is unique among brokers in that it provides six distinct account types, each with its own set of trading conditions.

Despite this diversity, total trading fees are greater than average across all account types, even though the accounts themselves provide varying levels of trading security and minimum deposit requirements.

 

The broker charges fixed spreads and while this is an advantage for Botswanan traders as it allows them to accurately determine their trading costs, the marked-up spreads are quite high. The typical spreads that traders can expect are as follows:

💻 Account📱 easyMarkets Web/App📈 MetaTrader 4
Standard Account• EUR/USD – 1.8 pips
• GBP/USD – 2.4 pips
• USD/JPY – 2.4 pips
• WTI (OIL) – 0.06 USD
• XAU/USD – 0.50 USD
• EUR/USD – 1.7 pips
• GBP/USD – 2.3 pips
• USD/JPY – 2 pips
• WTI (OIL) – 0.05 USD
• XAU/USD – 0.45 USD
Premium Account• EUR/USD – 1.5 pips
• GBP/USD – 1.9 pips
• USD/JPY – 2.2 pips
• WTI (OIL) – 0.05 USD
• XAU/USD – 0.45 USD
• EUR/USD – 1.2 pips
• GBP/USD – 1.8 pips
• USD/JPY – 1.8 pips
• WTI (OIL) – 0.04 USD
• XAU/USD – 0.40 USD
VIP Account• EUR/USD – 0.8 pips
• GBP/USD – 1.4 pips
• USD/JPY – 1.5 pips
• WTI (OIL) – 0.04 USD
• XAU/USD – 0.40 USD
• EUR/USD – 0.7 pips
• GBP/USD – 1.3 pips
• USD/JPY – 1 pip
• WTI (OIL) – 0.03 USD
• XAU/USD – 0.35 USD

 

Commissions

 

The broker is a forex and CFD broker that charges a fixed spread and does not charge commissions, since the broker’s fee is already included in the spread.

 

Overnight Fees, Rollovers, or Swaps

 

Unfortunately, even though it prides itself on being completely open, the company does not display its exchange costs on its website.

Holding a leveraged position overnight incurs swap costs, and while the broker imposes overnight fees, it was not possible to locate this information on the website.

 

Deposit and Withdrawal Fees

The broker does not charge Botswanan traders any fees on deposits or withdrawals.

 

Inactivity Fees

The broker levies a $25 inactivity fee if the account’s free balance exceeds this amount. This charge is applied to accounts that have gone inactive after a period of inactivity.

 Traders should be aware that if their trading balance falls below $25, the account’s remaining balance will be removed. If the live trading account does not contain any funds, it will be automatically terminated after a certain time.

 

Currency Conversion Fees

 

When Botswanan traders deposit or withdraw in Botswanan Pula, they could face currency conversion fees because BWP is not an accepted base account currency.

 

What are the trading fees associated with easyMarkets?

easyMarkets charges trading fees primarily through spreads, which are the differences between the buying (ask) and selling (bid) prices of financial instruments. The size of the spread may vary depending on factors such as market liquidity and volatility.

 

What non-trading fees does easyMarkets charge?

In addition to trading fees, the broker may charge non-trading fees that are not directly related to executing trades. These fees may include deposit and withdrawal fees, inactivity fees, and currency conversion fees. Deposit and withdrawal fees can vary depending on the payment method used and the currency involved.

easyMarkets Deposits and Withdrawals

Deposits and Withdrawals

 

 Offers the following deposit and withdrawal methods:

➡️ Debit Card

➡️ Credit Card

➡️ AstroPay

➡️ Local Bank Transfer

➡️ Bpay

➡️ Neteller

➡️ Skrill

➡️ Fasapay

➡️ Sticpay

➡️ Egyptian Local Deposits

➡️ WebMoney

➡️ BitWallet

➡️ Perfect Money

➡️ Bank Wire Transfer

➡️ UnionPay

 

Broker Comparison: Deposit and Withdrawals

🥇 easyMarkets🥈 AvaTrade🥉 Exness
Minimum Withdrawal TimeInstant24 to 48 HoursInstant
Maximum Estimated Withdrawal TimeUp to 5 DaysUp to 10 daysUp to 72 hours
Instant Deposits and Instant Withdrawals?YesNoYes

 

Payment Method, Countries, Deposit and Withdrawal Processing Time

💳 Payment Method📍 Countries💳 Deposit and Withdrawal Processing Time
VISAAll CountriesInstant
MasterCardOnly EuropeInstant
MaestroOnly EuropeInstant
AstroPayAll except the EU and AustraliaInstant
Local Bank TransferAs per EU countries3 to 5 working days
Local Bank Transfer LATAMAfrica, Indica, Indonesia, Vietnam, Thailand, MalaysiaUp to 24 hours
BpayOnly APAC1 working day
NetellerAll Except:
Afghanistan, Benin, Bonaire, Burundi, Canada, Central African Republic, Chad, China, Congo (Republic), Crimea, Cuba, Djibouti, Equatorial Guinea, Eritrea, Gabon, Gambia, Guinea, Guinea-Bissau, Guyana, Iran, Iraq, Japan, Kazakhstan, Kyrgyzstan, Lao People’s Democratic Republic, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mongolia, Montserrat, Myanmar, Nauru, Niger, Niue, Norfolk Island, North Korea, Palau, Papua New Guinea, Saint Barthelemy, Saint Kitts and Nevis, Saint Martin, Sint Maarten, Sierra Leone, Sudan (North and South), Suriname, Syria, Tajikistan, Timor-Leste, Togo, Turkmenistan, Uzbekistan, Western Sahara, Yemen
Instant
SkrillAll Except:
Afghanistan, Angola, Barbados, Benin, Burkina Faso, Cape Verde, Comoros, Crimea, Cuba, Djibouti, Eritrea, Faroe Islands, French Polynesia, Gambia, Greenland, Grenada, Guadeloupe, Guyana, Iran, Iraq, Japan, Kyrgyzstan, Lao People’s Democratic Republic, Libya, Macao, Martinique, Namibia, New Caledonia, Niger, North Korea, Palau, Reunion, Samoa, Sudan (North and South), Suriname, Syria, Tajikistan, Togo, Turkmenistan, Saint Barthelemy, Saint Kitts and Nevis, Saint Martin, Sint Maarten, Sierra Leone, Sudan (North and South), Suriname, Syria, Tajikistan, Timor-Leste, Togo, Turkmenistan, Uzbekistan, Western Sahara, Yemen
Instant
FasapayOnly Indonesia1 working day
SticpayAll except Europe and APAC1 working day
Egyptian Local DepositsOnly Egypt1 working day
WebMoneyAll except Europe and APAC1 working day
BitWalletOnly Japan1 working day
Perfect MoneyAll except Europe, Australia, and Singapore1 working day
Bank Wire TransferAllUp to 5 working days
UnionPayOnly China1 to 2 working days

 

How can I deposit funds into my easyMarkets trading account?

Depositing funds into your easyMarkets trading account is simple and convenient. The platform offers various deposit methods, including bank wire transfers, credit/debit cards, and electronic payment systems like Skrill and Neteller. To initiate a deposit, log in to your easyMarkets client portal, navigate to the “Deposit” section, and select your preferred deposit method.

 

How can I withdraw funds from my easyMarkets trading account?

Withdrawing funds from your easyMarkets trading account is straightforward. Traders can request withdrawals through the easyMarkets client portal by navigating to the “Withdrawal” section. Choose your preferred withdrawal method, enter the withdrawal amount, and follow the provided instructions to complete the transaction.

Overall Rating

Min Deposit

25 USD /336 BWP

Regulators

CySEC, ASIC, BVI, FSA

Trading Desk

MetaTrader 4, TradingView

Crypto

Yes

Total Pairs

275+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

How to Deposit Funds with easyMarkets

 

STEP 1: Login

Log into your client area after they have created a live account and confirm their identification and evidence of domicile according to the KYC process.

 

How to Deposit Funds with easyMarkets STEP 1

 

Step 2: Choose your preferred payment

Once signed in, traders may browse to the deposits section of their “My easyMarkets” dashboard, pick a deposit option, input the deposit amount and currency, and then complete the transaction by following the payment provider’s instructions.

 

How to Deposit Funds with easyMarkets STEP 1

easyMarkets Fund Withdrawal Process

 

STEP 1: Login

Log into your client area after they have created a live account and confirm their identification and evidence of domicile according to the KYC process.

 

easyMarkets Fund Withdrawal Process STEP 1

 

Step 2: Choose your preferred payment

Botswana traders may log in to their “My easyMarkets” section, go to “Funds Management,” and pick the same payment method as their first investment. If Botswana traders deposit monies using a debit or credit card, their withdrawals will be returned in the same way first before any other method can be used.

 

easyMarkets Fund Withdrawal Process step 2

Education and Research

Education and Research

 

Education

Offers the following Educational Materials:

➡️ Trading Courses

➡️ Free eBooks

➡️ Knowledge Base

➡️ Trading Indicators

➡️ FAQ

 

Research and Trading Tool Comparison

🥇 easyMarkets🥈 AvaTrade🥉 Exness
➡️ Economic CalendarYesYesYes
➡️ VPSNoNoYes
➡️ AutoChartistNoNoNo
➡️ Trading ViewYesYesYes
➡️ Trading CentralYesYesYes
➡️ Market AnalysisYesYesYes
➡️ News FeedYesYesYes
➡️ BlogYesYesYes

 

Offers Botswana Traders the following Research and Trading Tools:

➡️ Economic Indicators

➡️ Market News

➡️ Trading Charts

➡️ Live Currency Rates

➡️ Financial Calendar

➡️ Trading Hours

 

What educational resources does easyMarkets offer to traders?

The broker is dedicated to providing traders with comprehensive educational resources to enhance their trading knowledge and skills. These resources include educational articles, video tutorials, webinars, and seminars covering various topics such as trading strategies, technical analysis, risk management, and market insights.

 

Does easyMarkets provide research and analysis tools for traders?

Yes, the broker offers research and analysis tools to assist traders in making informed trading decisions. These tools may include daily market analysis, technical and fundamental research reports, economic calendars, and market commentary from experienced analysts.

10 Best Forex Brokers in Botswana for 2024

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

4.4/5

User Score

#2

4.7/5

User Score

#3

4.5/5

User Score

#4

tickmill

4.4/5

User Score

#5

4.7/5

User Score

#6

4.6/5

User Score

#7

4.7/5

User Score

#8

avatrade

4.8/5

User Score

#9

4.8/5

User Score

#10

4.7/5

User Score

Bonuses and Promotions

easyMarkets Review Bonuses And Promotions

 

Offers Botswana Traders the following bonuses and promotions:

➡️ Sign-up Bonus

➡️ Referral Bonus

➡️ First Deposit Bonus

 

Does easyMarkets offer bonuses to its clients?

Yes, the broker offers various bonuses and promotions to incentivize and reward its clients. These bonuses may include welcome bonuses for new clients, deposit bonuses, or trading rebates based on trading volume or frequency.

 

What promotions do easyMarkets run for its clients?

The broker runs various promotions and special offers to provide additional value to its clients. These promotions may include cashback incentives, trading competitions with cash prizes, or referral programs where clients can earn rewards for introducing new traders.

How to open an Affiliate Account 

To register an Affiliate Account, Botswana Traders can follow these steps:

 

Step 1: Click on Become a Partner

Visit the official easyMarkets website.

Click on”PARTNERS” on the homepage’s main menu and pick “Partners” from the drop-down list at the bottom.

Click the “Become a Partner” button and fill out the “Sign up today!” registration form.

 

How to open an Affiliate Account  step 1

 

Step 2: “Join”

Read and accept the Affiliation Agreement before proceeding to the “Join” button.

 

How to open an Affiliate Account  step 2

 

Affiliate Program Features

Affiliate Program Features

 

offers an unequaled partner experience, with a lead active client conversion rate of up to 25%, many levels of engagement, and extremely lucrative reward structures.

 

When traders join as partners, they have access to an affiliate success manager and a well-known, well-established broker. Additionally, Botswana partners get access to marketing collateral and other tools. Affiliates are more likely to write about trading or financial markets. Anyone who can think of a way to introduce prospective consumers to the broker may become an affiliate.

 

What is the easyMarkets Affiliate Program?

The Affiliate Program offers individuals the opportunity to earn commissions by referring new clients to easyMarkets. Affiliates can promote services through various channels, such as websites, blogs, social media, or email marketing.

Customer Support

 

Customer Support

 

offers responsive and helpful 24/5 customer support that can be contacted through several communication channels.

Customer SupporteasyMarket’s Customer Support
⏰ Operating Hours24/5
🗣 Support LanguagesEnglish, Japanese, Malay, Polish, Arabic, Chinese
🗯 Live ChatYes
📧 Email AddressYes
☎️ Telephonic SupportYes
📞 Local Support in Botswana?No
🥇 Overall quality of easyMarkets Support3.5/5

Corporate Social Responsibility

There is currently no information available on the Corporate Social Responsibility (CSR) initiatives or projects that easyMarkets is involved in.

Our Verdict 

The broker has been in business for a long period and has earned a reputation as an innovative broker with features not available anywhere else. The platforms and tools are very adaptable to accommodate traders of different kinds, and there is a diverse choice of trading instruments available across numerous marketplaces.

 

The broker has received several honors and is subject to stringent regulation, which provides customers with the peace of mind that they are dealing with a reputable broker. Several financial authorities throughout the world have approved easyMarkets. This gives easyMarkets’ clients peace of mind and displays the broker’s commitment to transparency.

Usability focuses on making transactions as easy and quick as feasible for users. The site offers a broad range of accounts and instruments. easyMarkets’ solutions should suit each trader’s demands, regardless of style or expertise.

Pros and Cons

✔️ Pros❌ Cons
easyMarkets is well-regulated and has an extremely high trust scoreThere are no variable spread accounts available to Botswanan traders
Botswanan traders can choose between MetaTrader and easyMarkets’ proprietary trading softwareBotswanan traders cannot set Botswanan Pula as their base account currency
Botswanan traders have access to TradingView when they register a trading accountThere is an inactivity fee applied to all dormant accounts
The broker is known for unique trading solutions such as Freeze-Rate, Inside Viewer, easyTrade, and several other innovative technologies
Botswanan traders are given unlimited access to a demo account which is funded with virtual capital
There are competitive fixed spreads offered
There is a choice between different easyMarkets retail account types and trading options
Commission-free trading is guaranteed on all trading accounts

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Conclusion

Now it is your turn to participate:

➡️ Do you have any prior experience with easyMarkets?

➡️ What was the determining factor in your decision to engage with easyMarkets?

➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?

➡️ Have you experienced any issues with easyMarkets such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?

Regardless, please share your thoughts in the comments below.

Frequently Asked Questions

Is easyMarkets regulated?

Yes, they are regulated. CySEC, the ASIC, BVI FSC, and FSA in Seychelles oversee the activities, ensuring that there is a safe, fair, and transparent trading environment.

 

What is the minimum deposit for easyMarkets?

The minimum deposit is 300 BWP or an equivalent of $25.

 

Does easyMarkets have a demo account?

Yes, the broker offers a demo account that is available for an unlimited time.

 

Does easyMarkets have MetaTrader 4?

Yes, they offer MetaTrader 4 on desktop, web, and mobile alongside MetaTrader 5, a proprietary trading platform, and TradingView.

 

Is easyMarkets a good broker?

Yes, they are an exceptionally good broker because of their minimal risk and high trust ranking. In addition, easyMarkets also has Tier-1, Tier-2, and Tier-3 regulations as an international broker with a good reputation.

 

Does easyMarkets have Nasdaq?

Yes, easyMarkets offers Nasdaq.

 

Does easyMarkets have crypto?

Yes, easyMarkets offers 17 cryptocurrency coins that can be traded with leverage up to 1:20.

 

What is the withdrawal time with easyMarkets?

Withdrawal times can range between instant and up to 10 days depending on the payment method that you use.

If you use banking cards or electronic payment gateways, the funds that you withdraw may reflect instantly in your bank account while bank wire transfer and other payment methods could take up to 5 working days.

 

Does easyMarkets have Volatility 75?

No, easyMarkets does not currently offer access to VIX but provides several other indices that can be traded.

Addendum/Disclosure:

No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

9.3/10 - (3 votes)

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