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
- Louis Schoeman
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Trading Platforms
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.9/5
Min Deposit
100 USD /1 232 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 Review – 23 key points quick overview:
- ✅ Exness Overview
- ✅ Exness At a Glance
- ✅ Exness Regulation and Safety of Funds
- Exness Awards and Recognition
- Exness Account Types and Features
- How to open an Account with Exness in Botswana
- Exness Vs FBS Vs AvaTrade – Broker Comparison
- Exness Trading Platforms
- Exness Range of Markets
- Broker Comparison for Range of Markets
- Exness Trading and Non-Trading Fees
- Exness Deposits and Withdrawals
- How to Deposit Funds with Exness
- Exness Fund Withdrawal Process
- Exness Education and Research
- Exness Bonuses and Promotions
- How to open an Affiliate Account with Exness
- Exness Affiliate Program Features
- Exness Customer Support
- Exness Corporate Social Responsibility
- Our Verdict on Exness
- Exness Pros and Cons
- FAQ
easyMarkets Overview
👉 Overall, easyMarkets is considered low-risk, with an overall Trust Score of 82 out of 100. easyMarkets is licensed by one Tier-1 Regulator (high trust), one Tier-2 Regulator (average trust), and two Tier-3 Regulators (low trust). easyMarkets offers three main retail investor accounts namely a Standard Account (MT4 or Web/App), Premium Account (MT4 or Web/App), and a VIP Account (MT4 or Web/App).
👉 easyMarkets 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 up to 1:400 and there is a demo and Islamic account 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.
👉 easyMarkets began operations in 2001 and was one of the first to provide online trading via its intuitive interface. easyMarkets aims 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 to $25, while expanding their customer base and earning several excellent reviews for their trading environment.
👉 easyMarkets’ CFDs offering has expanded over the years to cover Forex instruments, worldwide indices, energy, metals, and stocks, as well as for cryptocurrencies such as Bitcoin, Ripple, and Ethereum.
👉 Overall, easyMarkets has a favourable reputation, especially among newcomers to trading. Additionally, easyMarkets 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 that they need to consider whether easyMarkets is suited to their unique trading objectives and needs.
easyMarkets Distribution of Traders
👉 easyMarkets 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 who choose easyMarkets
🥇 Even though easyMarkets does not dominate the Botswana derivatives market, the broker is ranked among the top 100 brokers in the country.
easyMarkets At a Glance
| 🏛 Headquartered | The British Virgin Islands |
| 🌎 Global Offices | Cyprus, 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 Botswana | 115.89 BWP Million in 2021 |
| 💰 Foreign Exchange Reserves in Botswana | 5270 USD Million in 2021 |
| ✔️ Local office in Gaborone? | No |
| 👨⚖️ Governor of SEC in Botswana | None, Moses Dinekere Pelaelo is the Governor of the Bank of Botswana |
| ✔️ Accepts Botswana Traders? | Yes |
| 📊 Year Founded | 2001 |
| 📞 Botswana Office Contact Number | None |
| 📱 Social Media Platforms | • Instagram • YouTube |
| ⚖️ Regulation | BVI 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 Regulation | No |
| ✔️ Regional Restrictions | United 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 Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 3 |
| ✔️ PAMM Accounts | None |
| 💻 Liquidity Providers | None, Market Maker broker |
| ✔️ Affiliate Program | Yes |
| 📱 Order Execution | Market |
| 📊 Starting spread | Fixed, 0.03 USD WTI (OIL) |
| 📉 Minimum Commission per Trade | None |
| 💰 Decimal Pricing | 5 points after the comma |
| 📞 Margin Call | 70% |
| 🛑 Stop-Out | 30% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | 50 lots |
| ✅ Crypto trading offered? | Yes |
| ✔️ Offers a BWP Account? | No |
| 📉 Dedicated Botswana Account Manager? | Yes, a Personal Account Manager is offered |
| 📈 Maximum Leverage | 1:400 |
| 📊 Leverage Restrictions for Botswana? | No |
| 💳 Minimum Deposit (BWP) | 300 BWP or equivalent to $25 |
| ✔️ Botswana Pula Deposits Allowed? | Yes |
| 📊 Active Botswana Trader Stats | 250,000+ |
| 👥 Active Botswana-based easyMarkets customers | Unknown |
| 🔁 Botswana Daily Forex Turnover | Unknown, 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 Time | Instant |
| ⏰ Maximum Estimated Withdrawal Time | Up 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 Spread | N/A |
| ✅ Offers Botswana Stocks and CFDs | No |
| 💻 Languages supported on the Website | Chinese, Arabic, Polish, Spanish, Italian, German, Japanese, and several others |
| ☎️ Customer Support Languages | Multilingual |
| 👥 Copy Trading Support | None |
| ⏰ Customer Service Hours | 24/5 |
| 📞 Botswana-based customer support? | No |
| 💸 Bonuses and Promotions for Botswanans? | Yes |
| 📚 Education for Botswanan beginner traders | Yes |
| 📱 Proprietary trading software | Yes |
| 🤝 Most Successful Trader in Botswana | Unknown |
| ✔️ Is easyMarkets a safe broker for Botswana Traders? | Yes |
| 🎖 Rating for easyMarkets Botswana | 9/10 |
| 🥇 Trust score for easyMarkets Botswana | 82% |
| 👉 Open Account | 👉 Open Account |
easyMarkets Regulation and Safety of Funds
easyMarkets Regulation in Botswana
👉 easyMarkets 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).
easyMarkets Global Regulations
👉 easyMarkets 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.
easyMarkets Client Fund Security and Safety Features
👉 easyMarkets’ 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 easyMarkets’ 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.
easyMarkets Awards and Recognition
👉 Since its inception in 2001, easyMarkets has earned the following honours 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 awarded easyMarkets the “Best Forex Trading Innovation” Award.
easyMarkets Account Types and Features
👉 With easyMarkets, 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 own 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/App | 300 BWP/$25 | 1.8 pips | None | 20 USD |
| ➡️ Standard MT4 | 300 BWP/$25 | 1.7 pips | None | 19 USD |
| ➡️ Premium Web/App | 24,000 BWP or | 1.5 pips | None | 15 USD |
| ➡️ Premium MT4 | 24,000 BWP or $2,000 | 1.2 pips | None | 14 USD |
| ➡️ VIP Web/App | 120,000 BWP or $10,000 | 0.8 pips | None | 12 USD |
| ➡️ VIP MT4 | 120,000 BWP or $10,000 | 0.7 pips | None | 9 USD |
easyMarkets Live Trading Accounts
Standard Account Web/App
👉 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 Feature | Value |
| 📱 Platform Offered | easyMarkets 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 Deposit | 300 Pula (Equivalent to $25) |
| 📈 Maximum Leverage | 1:200 |
| 💵 Commission Fees | None |
| 💸 Account Fees | None |
| 💰 Deposit and Withdrawal Fees | None |
| 👥 Customer Telephonic Support | Yes |
| 🗣 Personal Account Manager | Yes |
| 📞 24/5 Customer Support Through Live Chat | Yes |
| 💵 Guaranteed Zero Slippage | Yes |
| 🛑 Guaranteed Stop-Loss | Yes |
| ❌ Negative Balance Protection | Yes |
| 📊 Daily Email on Fundamental Analysis | Yes |
| ✔️ Daily Email on Technical Analysis | Yes |
| 📱 Trading Central Indicator | No |
| 💰 Account Base Currency Options | EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC |
Standard Account MT4
👉 Botswanan traders who open a Standard Account on MetaTrader 4 may anticipate the following trading features and conditions.
| Account Feature | Value |
| 📱 Platform Offered | MetaTrader 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 Deposit | 300 Pula (Equivalent to $25) |
| 📈 Maximum Leverage | 1:400 |
| 💵 Commission Fees | None |
| 💸 Account Fees | None |
| 💰 Deposit and Withdrawal Fees | None |
| 👥 Customer Telephonic Support | Yes |
| 🗣 Personal Account Manager | Yes |
| 📞 24/5 Customer Support Through Live Chat | Yes |
| 💵 Guaranteed Zero Slippage | Yes |
| 🛑 Guaranteed Stop-Loss | No |
| ❌ Negative Balance Protection | No |
| 📊 Daily Email on Fundamental Analysis | Yes |
| ✔️ Daily Email on Technical Analysis | Yes |
| 📱 Trading Central Indicator | Yes |
| 💰 Account Base Currency Options | EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC |
Premium Account Web/App
👉 The Premium Account is ideal for more experienced traders who want greater spreads and more features.
| Account Feature | Value |
| 📱 Platform Offered | easyMarkets 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 Deposit | 24,000 Pula (Equivalent to $2,000) |
| 📈 Maximum Leverage | 1:200 |
| 💵 Commission Fees | None |
| 💸 Account Fees | None |
| 💰 Deposit and Withdrawal Fees | None |
| 👥 Customer Telephonic Support | Yes |
| 🗣 Personal Account Manager | Yes |
| 📞 24/5 Customer Support Through Live Chat | Yes |
| 💵 Guaranteed Zero Slippage | Yes |
| 🛑 Guaranteed Stop-Loss | Yes |
| ❌ Negative Balance Protection | Yes |
| 📊 Daily Email on Fundamental Analysis | Yes |
| ✔️ Daily Email on Technical Analysis | Yes |
| 📱 Trading Central Indicator | No |
| 💰 Account Base Currency Options | EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC |
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 favourable trading conditions and unique features:
| Account Feature | Value |
| 📱 Platform Offered | MetaTrader 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 Deposit | 24,000 Pula (Equivalent to $2,000) |
| 📈 Maximum Leverage | 1:400 |
| 💵 Commission Fees | None |
| 💸 Account Fees | None |
| 💰 Deposit and Withdrawal Fees | None |
| 👥 Customer Telephonic Support | Yes |
| 🗣 Personal Account Manager | Yes |
| 📞 24/5 Customer Support Through Live Chat | Yes |
| 💵 Guaranteed Zero Slippage | No |
| 🛑 Guaranteed Stop-Loss | No |
| ❌ Negative Balance Protection | Yes |
| 📊 Daily Email on Fundamental Analysis | Yes |
| ✔️ Daily Email on Technical Analysis | Yes |
| 📱 Trading Central Indicator | Yes |
| 💰 Account Base Currency Options | EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC |
VIP Account Web/App
👉 The VIP Account is for professional traders that 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 easyMarkets’ Web or App trading platform:
| Account Feature | Value |
| 📱 Platform Offered | easyMarkets 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 Deposit | 120,000 Pula (Equivalent to $10,000) |
| 📈 Maximum Leverage | 1:200 |
| 💵 Commission Fees | None |
| 💸 Account Fees | None |
| 💰 Deposit and Withdrawal Fees | None |
| 👥 Customer Telephonic Support | Yes |
| 🗣 Personal Account Manager | Yes |
| 📞 24/5 Customer Support Through Live Chat | Yes |
| 💵 Guaranteed Zero Slippage | Yes |
| 🛑 Guaranteed Stop-Loss | Yes |
| ❌ Negative Balance Protection | Yes |
| 📊 Daily Email on Fundamental Analysis | Yes |
| ✔️ Daily Email on Technical Analysis | Yes |
| 📱 Trading Central Indicator | No |
| 💰 Account Base Currency Options | EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC |
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 Feature | Value |
| 📱 Platform Offered | MetaTrader 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 Deposit | 120,000 Pula (Equivalent to $10,000) |
| 📈 Maximum Leverage | 1:400 |
| 💵 Commission Fees | None |
| 💸 Account Fees | None |
| 💰 Deposit and Withdrawal Fees | None |
| 👥 Customer Telephonic Support | Yes |
| 🗣 Personal Account Manager | Yes |
| 📞 24/5 Customer Support Through Live Chat | Yes |
| 💵 Guaranteed Zero Slippage | Yes |
| 🛑 Guaranteed Stop-Loss | Yes |
| ❌ Negative Balance Protection | Yes |
| 📊 Daily Email on Fundamental Analysis | Yes |
| ✔️ Daily Email on Technical Analysis | Yes |
| 📱 Trading Central Indicator | No |
| 💰 Account Base Currency Options | EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC |
easyMarkets Base Account Currencies
👉 Botswanans who open a live trading account with easyMarkets 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
easyMarkets 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 EasyMarkets 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 an easyMarkets 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 easyMarkets’ unique trading platform. Demo accounts are pre-loaded with 10,000 USD in virtual funds that can be increased at any given time.
easyMarkets 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 Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
👉 If you desire an Islamic account with easyMarkets, 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.
How to open an Account with easyMarkets in Botswana
👉 easyMarkets has a basic and uncomplicated method for opening an account that does not need a lot of paperwork. Any of the banners on this page will lead you straight to the site, where you may create your first account.
👉 To establish an account, you may also connect it to your Google or Facebook account if you do not want to enter your details manually. Once you have provided some personal and contact information, you can proceed by completing the KYC procedure.
👉 Just submit a copy of your ID and a document that verifies your country of residency to complete this process.
👉 easyMarkets will then conduct an anti-money laundering compliance check on your account. It normally takes less than 24 hours for this procedure to be completed, at which point you can begin trading once you have deposited the minimum amount of 300 BWP.
easyMarkets Vs AvaTrade Vs Exness – Broker Comparison
| 🥇 easyMarkets | 🥈 AvaTrade | 🥉 Exness | |
| ⚖️ Regulation | BVI FSC, CySEC, ASIC, FSA | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC | FSA, 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 Fee | No | No | No |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 300 BWP ($25) | 1,200 BWP | 120 BWP |
| 📊 Leverage | Up to 1:400 | • 1:30 (Retail) • 1:400 (Pro) | Unlimited |
| 📊 Spread | Fixed, 0.03 USD | Fixed, from 0.9 pips | Variable, from 0.0 pips |
| 💰 Commissions | None | None | From $0.1 per side, per lot |
| ✴️ Margin Call/Stop-Out | 70%/30% | • 25% – 50% (M) • 10% (S/O) | 60%/0% |
| 💻 Order Execution | Market | Instant | Instant |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | No | No | Yes |
| 📈 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 Regulation | No | No | No |
| 💳 BWP Deposits | Yes | No | Yes |
| 📊 Botswana Pula Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/7 |
| 📊 Retail Investor Accounts | 3 | 1 | 5 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 📉 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 50 lots | Unlimited | Unlimited |
| 💰 Minimum Withdrawal Time | Instant | 24 to 48 Hours | Instant |
| 📊 Maximum Estimated Withdrawal Time | Up to 5 Days | Up to 10 days | Up to 72 hours |
| 💸 Instant Deposits and Instant Withdrawals? | Yes | No | Yes |
Overall Rating
- 4.9/5
Min Deposit
100 USD /1 232 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
👉 easyMarkets offers Botswana Traders a choice between these trading platforms:
➡️ easyMarkets Platform
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ TradingView
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, easyMarkets is in the progress 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 easyMarkets providing a third-party platforms like MT4 and 5 is that traders may take their own customized version of the platform with them if they decide to switch to another broker.
WebTrader Platforms
➡️ easyMarkets Platform
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ TradingView
easyMarkets Platform
👉 Because it is web-based, easyMarkets’ simple platform does not need installation and can be customized to work with any computer. easyMarkets is a good choice for traders because of its powerful trading conditions and comprehensive trading tools.
MetaTrader 4 and 5
👉 MetaTrader 4 is one of the most widely used platforms for online trading, leading to the platform having earned a deservedly positive reputation. While MetaTrader 5 is not as popular, it is a highly-rated alternative that provides additional features.
👉 In addition, when using either MT4 or MT5 WebTrader, there is no need for consumers to download any extra applications or software; they can just log on via one of the easyMarkets websites and begin trading immediately.
TradingView
👉 For traders who create a live account, Trading View is completely free. Any instrument can easily be researched and analysed with this program. In addition, easyMarkets’ 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
➡️ 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.
easyMarkets Range of Markets
👉 Botswana Traders can expect the following range of markets from easyMarkets:
➡️ Forex
➡️ Shares
➡️ Cryptocurrencies
➡️ Precious Metals
➡️ Commodities
➡️ Indices
Financial Instruments and Leverage offered by easyMarkets
| 🔨 Instrument | 💰 Number of Assets Offered | 📈 Max Leverage Offered |
| ➡️ Forex | 103 | • Web/App: 1:200 • MT4: 1:400 • MT5: 1:500 |
| ➡️ Precious Metals | 5 | • Web/App: 1:200 • MT4: 1:400 • MT5: 1:500 |
| ➡️ ETFs | 0 | – |
| ➡️ Indices | 0 | • Web/App: 1:100 • MT4: 1:100 • MT5: 1:100 |
| ➡️ Stocks | 50 | • Web/App: 1:20 • MT4: 1:20 • MT5: 1:20 |
| ➡️ Cryptocurrency | 17 | • Web/App: 1:20 • MT4: 1:20 • MT5: 1:20 |
| ➡️ Options | 26 | None |
| ➡️ Energies | 5 | • Web/App: 1:100 • MT4: 1:200 • MT5: 1:200 |
| ➡️ Bonds | 0 | – |
| ➡️ Agricultural Commodities | 7 | • Web/App: 1:20 • MT4: 1:80 • MT5: 1:80 |
Broker Comparison for Range of Markets
| 🥇 easyMarkets | 🥈 AvaTrade | 🥉 Exness | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | Yes | No |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | Yes | Yes | No |
| ➡️️ Options | No | Yes | No |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | No | Yes | No |
easyMarkets Trading and Non-Trading Fees
Spreads
👉 easyMarkets 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.
👉 easyMarkets 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
👉 easyMarkets 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 easyMarkets 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 easyMarkets imposes overnight fees, it was not possible to locate this information on the website.
Deposit and Withdrawal Fees
👉 easyMarkets does not charge Botswanan traders any fees on deposits or withdrawals.
Inactivity Fees
👉 easyMarkets 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 would 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.
easyMarkets Deposits and Withdrawals
👉 easyMarkets 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 Time | Instant | 24 to 48 Hours | Instant |
| Maximum Estimated Withdrawal Time | Up to 5 Days | Up to 10 days | Up to 72 hours |
| Instant Deposits and Instant Withdrawals? | Yes | No | Yes |
easyMarkets Payment Method, Countries, Deposit and Withdrawal Processing Time
| 💳 Payment Method | 📍 Countries | 💳 Deposit and Withdrawal Processing Time |
| VISA | All Countries | Instant |
| MasterCard | Only Europe | Instant |
| Maestro | Only Europe | Instant |
| AstroPay | All except the EU and Australia | Instant |
| Local Bank Transfer | As per EU countries | 3 to 5 working days |
| Local Bank Transfer LATAM | Africa, Indica, Indonesia, Vietnam, Thailand, Malaysia | Up to 24 hours |
| Bpay | Only APAC | 1 working day |
| Neteller | All 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 |
| Skrill | All 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 |
| Fasapay | Only Indonesia | 1 working day |
| Sticpay | All except Europe and APAC | 1 working day |
| Egyptian Local Deposits | Only Egypt | 1 working day |
| WebMoney | All except Europe and APAC | 1 working day |
| BitWallet | Only Japan | 1 working day |
| Perfect Money | All except Europe, Australia, and Singapore | 1 working day |
| Bank Wire Transfer | All | Up to 5 working days |
| UnionPay | Only China | 1 to 2 working days |
Overall Rating
- 4.9/5
Min Deposit
100 USD /1 232 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
👉 Botswana traders may deposit funds into their client area after they have created a live account and confirmed their identification and evidence of domicile according to the KYC process.
👉 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.
easyMarkets Fund Withdrawal Process
👉 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 deposited 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 Education and Research
Education
👉 easyMarkets offers the following Educational Materials:
➡️ Trading Courses
➡️ Free eBooks
➡️ Knowledge Base
➡️ Trading Indicators
➡️ FAQ
Research and Trading Tool Comparison
| 🥇 easyMarkets | 🥈 AvaTrade | 🥉 Exness | |
| ➡️ Economic Calendar | Yes | Yes | Yes |
| ➡️ VPS | No | No | Yes |
| ➡️ AutoChartist | No | No | No |
| ➡️ Trading View | Yes | Yes | Yes |
| ➡️ Trading Central | Yes | Yes | Yes |
| ➡️ Market Analysis | Yes | Yes | Yes |
| ➡️ News Feed | Yes | Yes | Yes |
| ➡️ Blog | Yes | Yes | Yes |
👉 easyMarkets offers Botswana Traders the following Research and Trading Tools:
➡️ Economic Indicators
➡️ Market News
➡️ Trading Charts
➡️ Live Currency Rates
➡️ Financial Calendar
➡️ Trading Hours
easyMarkets Bonuses and Promotions
👉 easyMarkets offers Botswana Traders the following bonuses and promotions:
➡️ Sign-up Bonus
➡️ Referral Bonus
➡️ First Deposit Bonus
How to open an Affiliate Account with easyMarkets
👉 To register an Affiliate Account, Botswana Traders can follow these steps:
➡️ Visit the official easyMarkets website.
➡️ Hover over “About” 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.
➡️ Before applying, decide whether you wish to be an Affiliate or an Introducing Broker.
➡️ Read and accept the Affiliation Agreement before proceeding to the “Join” button.
easyMarkets Affiliate Program Features
👉 easyMarkets offers an unequalled 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 a partner, 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 easyMarkets may become an affiliate.
easyMarkets Customer Support
👉 easyMarkets offers responsive and helpful 24/5 customer support that can be contacted through several communication channels.
| Customer Support | easyMarket’s Customer Support |
| ⏰ Operating Hours | 24/5 |
| 🗣 Support Languages | English, Japanese, Malay, Polish, Arabic, Chinese |
| 🗯 Live Chat | Yes |
| 📧 Email Address | Yes |
| ☎️ Telephonic Support | Yes |
| 📞 Local Support in Botswana? | No |
| 🥇 Overall quality of easyMarkets Support | 3.5/5 |
easyMarkets 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 on easyMarkets
👉 easyMarkets 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.
👉 easyMarkets has received several honours and are 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.
easyMarkets Pros and Cons
| ✔️ Pros | ❌ Cons |
| easyMarkets is well-regulated and has an extremely high trust score | There are no variable spread accounts available to Botswanan traders |
| Botswanan traders can choose between MetaTrader and easyMarkets’ proprietary trading software | Botswanan traders cannot set Botswanan Pula as their base account currency |
| Botswanan traders have access to TradingView when they register a trading account | There 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 |
Overall Rating
- 4.9/5
Min Deposit
100 USD /1 232 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
FAQ
Is easyMarkets regulated?
Yes, easyMarkets is regulated. CySEC, the ASIC, BVI FSC, and FSA in Seychelles oversee the activities of easyMarkets, ensuring that there is a safe, fair, and transparent trading environment.
What is the minimum deposit for easyMarkets?
The minimum deposit for easyMarkets is 300 BWP or an equivalent to $25.
Does easyMarkets have a demo account?
Yes, easyMarkets offers a demo account that is available for an unlimited time.
Does easyMarkets have MetaTrader 4?
Yes, easyMarkets offers MetaTrader 4 on desktop, web, and mobile alongside MetaTrader 5, a proprietary trading platform and TradingView.
Is easyMarkets a good broker?
Yes, easyMarkets is an exceptionally good broker because of its 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.
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.
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.
