Exness Review
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
- Lesche Duvenage
Jump to:
Overview
Regulation and Safety of Funds
Awards and Recognition
Account Types and Features
Account Registration
Broker Comparison
Trading Platforms
Range of Markets
Fees
Deposit and Withdrawels
Education and Research
Bonuses and Promotions
Affiliate Programs
Customer Support
Social Responsibility
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.9/5
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
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
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
| 🏛 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 |
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
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
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/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 |
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 | 336 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 favorable 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 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 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 |
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
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
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.
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.
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 | |
| ⚖️ 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
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
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, 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
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
➡️ 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
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 |
| ➡️ 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 |
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 | |
| ➡️️ 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 |
Trading and Non-Trading Fees
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
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 |
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 |
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
- 4.9/5
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.
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.
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.
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.
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 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 |
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
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.
Step 2: “Join”
Read and accept the Affiliation Agreement before proceeding to the “Join” button.
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
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 |
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 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 |
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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.
