Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Forex.com Review Main Banner

FOREX.com Review

Overall, FOREX.com is considered low-risk, with a Trust Score of 99 out of 100. FOREX.com is licensed by eight Tier-1 Regulators (high trust), and one Tier-3 Regulator (low-trust). FOREX.com offers three different retail trading accounts namely as well as demo and Islamic accounts. Forex.com is currently not regulated by the Central Bank of Botswana

Updated : October 16, 2022

Jump to:

005 regulations book

Regulation and Safety of Funds

005 feature selection

Account Types and Features

006 add user

Account Registration

003 responsive design

Trading Platforms

002 candlestick

Range of Markets

007 fees


001 cash withdrawal

Deposits and Withdrawals

003 research

Education and Research

002 affiliate marketing

Affiliate Program

008 auction

Final Verdict

004 review

Pros and Cons

001 question


logo 19

Overall Rating

Min Deposit




Trading Desk

MetaTrader 4



Total Pairs


Islamic Account


Trading Fees


Account Activation Time

24 Hours

Forex.com Overview

Forex.com Review Overview

👉 Overall, FOREX.com is considered low-risk, with an overall Trust Score of 99 out of 100. FOREX.com is licensed by eight Tier-1 Regulators (high trust), zero Tier-2 Regulators (average trust), and one Tier-3 Regulator (low trust). FOREX.com offers three different retail trading accounts: a Standard Account, Commission Account, and Direct Market Access (DMA) Account.


👉 FOREX.com, which has been around since 2001, is an established and reputable broker with minimal fees and large minimum deposits, making it ideal for novice and seasoned traders.


👉 While not all FOREX.com’s products and services are accessible in every country it serves, it does provide a wide variety of asset classes, including CFDs, spread betting, and futures.


👉 In addition to foreign exchange (thus the name), FOREX.com allows trading in commodities, indices, individual stocks, bonds, exchange-traded funds (ETFs), gold and silver, cryptocurrencies, and futures.


👉 A “sophisticated financial visualization software” called TradingView has been included in FOREX.com’s web-based platform. The web-based platform’s best feature is its usability and usefulness.


👉 Originally a market maker, FOREX.com is now an ECN that makes money from customers’ transactions that “cross” the bid/ask spread and from standard industry fees. As a result, FOREX.com’s prices are public and easy to find.


👉 FOREX.com accepts Botswanan clients and has an average spread from 0.2 pips with a $10 commission round turn. In addition, FOREX.com has a maximum leverage ratio of up to 1:400, and a demo and Islamic account are available.


👉 MT4, MT5, and FOREX.com platforms are supported. FOREX.com is headquartered in the United States and regulated by NFA, CFTC, FCA, ASIC, JFSA, IIROC, CIMA, SFC, and MAS.


FOREX.com Distribution of Traders

👉 FOREX.com currently has the largest market share in these countries:

➡️ United States – 45.6%

➡️ Japan – 9.44%

➡️ Canada – 4.77%

➡️ India – 3.89%

➡️ Libya – 3.17%


Popularity among traders who choose FOREX.com

👉 FOREX.com is not the most popular FX broker in Botswana, but it is still one of the top 15 that accept customers from the country.

Forex.com At a Glance

🏛 HeadquarteredUnited States
🌎 Global OfficesUnited States, Australia, United Kingdom, Japan, Canada, Cayman Islands, Singapore, Hong Kong
🏛 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• Facebook
• Twitter
• YouTube
1️⃣ Tier-1 Licenses• National Futures Association (NFA)
• Commodities Futures Trading Commission (CFTC)
• Financial Conduct Authority (FCA)
• Australian Securities and Investments Commission (ASIC)
• Investment Industry Regulatory Organisation of Canada (IIROC)
• Securities Futures Commission (SFC)
• Monetary Authority of Singapore (MAS)
• Japanese Financial Services Authority (JFSA)
2️⃣ Tier-2 LicensesNone
3️⃣ Tier-3 Licenses• Cayman Islands Monetary Authority (CIMA)
🪪 License Number• United States (NFA) StoneX Financial Inc. – NFA ID 0476094
• United Kingdom FOREX.com – 190864
• United Kingdom GAIN Capital – 113942
• United Kingdom StoneX Financial Ltd – 446717
• Australia GAIN Capital Australia Pty Ltd – 345646
• Canada (IIROC)
• Hong Kong – BCQ152
• Singapore
• Japan – 2010401047199
• Cayman Islands – 25033
⚖️ MFED, BoB, or NBFIRA RegulationNo
✔️ Regional RestrictionsSingapore, New Zealand, Belarus, Iran, Yemen, and several countries on the OFAC list
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts3
✔️ PAMM AccountsYes
💻 Liquidity ProvidersAnonymous
✔️ Affiliate ProgramYes
📱 Order ExecutionMarket Execution
📊 Starting spread0.2 pips
📉 Minimum Commission per TradeFrom $1 per share
💰 Decimal PricingUp to 5 digits after the comma
📞 Margin Call100%
🛑 Stop-Out50%
📉 Minimum Trade Size0.01 lots (100k on DMA Account)
📈 Maximum Trade SizeUp to 1:400
✅ Crypto trading offered?No
✔️ Offers a BWP Account?No
📉 Dedicated Botswana Account Manager?No
📈 Maximum Leverage1:888
📊 Leverage Restrictions for Botswana?No
💳 Minimum Deposit (BWP)1,300 BWP or an equivalent to $100
✔️ Botswana Pula Deposits Allowed?No, only USD, GBP, EUR
📊 Active Botswana Trader Stats250,000+
👥 Active Botswana-based FOREX.com customersUnknown
🔁 Botswana Daily Forex TurnoverUnknown, Forex overall is $6.6 Trillion
💰 Deposit and Withdrawal Options• Credit Card
• Debit Card
• Bank Wire Transfer
• Neteller
• Skrill
💻 Minimum Withdrawal TimeInstant
⏰ Maximum Estimated Withdrawal TimeBetween 1 to 2 working days
💳 Instant Deposits and Instant Withdrawals?Yes
🏛 Segregated Accounts with Botswana Banks?No
📱 Trading Platforms• MetaTrader 4
• MetaTrader 5
• FOREX.com Platform
💻 Tradable Assets• Forex
• Indices
• Stocks
• Commodities
• Precious Metals
• Cryptocurrencies
• Energies
✔️ Offers USD/BWP currency pair?No
📊 USD/BWP Average SpreadNo
✅ Offers Botswana Stocks and CFDsNo
💻 Languages supported on the WebsiteEnglish and Simplified Chinese
☎️ Customer Support LanguagesMultilingual
👥 Copy Trading SupportYes
⏰ Customer Service Hours24/5
📞 Botswana-based customer support?Yes
💸 Bonuses and Promotions for Botswanans?Yes
📚 Education for Botswana beginner tradersYes
📱 Proprietary trading softwareNo
🤝 Most Successful Trader in BotswanaCurrently unknown
✔️ Is FOREX.com a safe broker for Botswana Traders?Yes
🎖 Rating for FOREX.com Botswana9/10
🥇 Trust score for FOREX.com Botswana99%
👉 Open Account👉 Open Account

FOREX.com Regulation and Safety of Funds

Forex.com Review Regualtion

FOREX.com Regulation in Botswana

👉 The local market regulators in Botswana are as follows:

➡️ Ministry of Finance and Economic Development (MFED)

➡️ Bank of Botswana (BoB)

➡️ Non-Bank Financial Institutions Regulatory Authority (NBFIRA)


👉 While FOREX.com is regulated globally, the broker does not yet have local regulations or licenses in Botswana. However, FOREX.com is a popular and trustworthy broker that accommodates Botswanan traders.


FOREX.com Global Regulations

👉 FOREX.com is well-regulated by the following global regulating entities:

➡️ In Australia, FOREX.com trades under the name StoneX Financial PTY Ltd (ACN 141 774 727, ABN 50 141 774 727, AFSL 345646).

➡️ In Canada, the Investment Industry Regulatory Organization of Canada (IIROC) governs StoneX Financial (Canada) Inc.

➡️ StoneX Financial Inc is a registered Commodity Trading Advisor and Futures Commission Merchant with the NFA under NFA ID 0476094 and the CFTC in the United States.

➡️ StoneX Financial Pte. Ltd. is governed in Singapore by the Monetary Authority of Singapore (MAS). With a Capital Markets Services License, the organization can trade Exchange-Traded Derivatives Contracts, Over-The-Counter Derivatives Contracts, and Spot Foreign Exchange Contracts for Leveraged Foreign Exchange Trading. In addition, this license enables the company to provide financial advice on Exchange-Traded Derivatives Contracts.

➡️ StoneX Financial Co., Ltd is registered in Japan as a Financial Instruments Business Operator with registration number 2010401047199.

➡️ GAIN Capital, trading as FOREX.com UK Limited, is regulated in the United Kingdom by the Financial Conduct Authority (FCA) with license number 190864.

➡️ GAIN Capital UK Limited is likewise authorized by the Financial Conduct Authority (FCA) with license number 113942. At the same time, StoneX Financial Ltd is regulated with license number 446717.

➡️ The Securities Futures Commission (SFC) in Hong Kong supervises StoneX Financial (HK) Limited for futures contract trading per BCQ 152.

➡️ GAIN Global Markets Inc. (GGMI) is a Cayman Islands-licensed Securities Investment Business under license number 25033.


FOREX.com Client Fund Security and Safety Features

👉 FOREX.com has always prioritized the safety of its customers’ funds. Client monies are kept separate from their own in top-tier bank accounts, assuring security.


👉 To guarantee that client assets are kept separate, trust letters are provided. FOREX.com does not participate in proprietary trading and only hedges with its own money.


👉 If a business fails or shuts down, customers may be eligible for up to £50,000 in compensation under the Financial Services Compensation Scheme. Furthermore, the Risk Committee establishes stringent bank testing and monitoring requirements that must be followed.


👉 Except for Singapore, New Zealand, Belarus, Iran, Yemen, and other OFAC-listed countries, FOREX.com permits traders worldwide. As a result, they are one of the few trading firms in the sector that now services US traders.

FOREX.com Awards and Recognition

👉 Since its start in 2001, FOREX.com has received several honours, demonstrating the dependability and brilliance of its trading services and solutions.


👉 In addition, GAIN Capital, FOREX.com’s parent business, has also garnered several accolades for excellence and overall development.


👉 A combination of a determines the award winners) votes or survey responses from website or organization participants, or b) a comprehensive internal assessment and vetting by the awarding body and a select panel of judges.


👉 FOREX.com has recently received the following awards:

➡️ Best Education in 2021, given to FOREX.com at the Online Personal Wealth Awards.

➡️ Best HNW Service in 2021, awarded at the Dubai Forex Expo

➡️ ADVFN International Financial Awards presented Best Forex Platform of 2021.

➡️ Best Brokerage (Forex), awarded at the 2020 Benzinga Global Fintech Awards.

➡️ Best Broker in North America in 2021, as determined by the INVESTINGOAL Best Broker Awards.

FOREX.com Account Types and Features

Forex.com Review Account Types

👉 FOREX.com provides Botswanan traders with three retail investor accounts, each customized to a certain kind of trader depending on their trading style and skill level. There are three primary types of live trading accounts:

➡️ Standard Account

➡️ Commission Account

➡️ Direct Market Access (DMA) Account

💻 Live Account💳 Minimum Dep.📊 Average Spread💸 Commissions💰 Average Trading Cost
Standard1,500 BWP/100 USD1.3 pipsNone13 USD
Commission1,500 BWP/100 USD0.2 pips$10 round turn7 USD
DMA1,500 BWP/100 USD0.3 pipsDepends on trading volumeVariable


FOREX.com Live Trading Account Details

Standard Account

👉 Many Botswanan traders would want a basic, conventional account with standard spread pricing and a typical trading environment. The attributes of this account are as follows:

Account FeatureValue
📱 Minimum Deposit Required1866 BWP equivalent to $100
📉 Average SpreadsFrom 0.2 pips EUR/USD
💻 Commissions ChargedNone, only the spread is charged
📊 Minimum Position Size0.01 lots (micro lots)
📉 Rebates Added2 USD per side up to 100,000 USD
📈 Maximum Leverage Up to 1:200
💵 Margin Level for Hedged/Locked Positions50%
💸 ExecutionNDD and Market Execution
💰 Margin Call25%
👥 Stop-Out Levels15%
🗣 Algorithmic trading offered?Yes
📞 Range of Markets Offered• 36 Forex Pairs
• Indices
• Precious Metals
• Energies
• Cryptocurrencies
• Shares


Commission Account

👉 This account has some of the market’s narrowest spreads and preset fees, enabling traders to define their gains and losses more precisely.

Account FeatureValue
📱 Minimum Deposit Required1,300 BWP equivalent to $100
📉 Average SpreadsFrom 0.2 pips EUR/USD
💻 Commissions ChargedNone, only the spread is charged
📊 Minimum Position Size0.01 lots (micro lots)
📉 Rebates Added2 USD per side up to 100,000 USD
📈 Maximum Leverage Up to 1:200
💵 Margin Level for Hedged/Locked Positions50%
💸 ExecutionNDD and Market Execution
💰 Margin Call25%
👥 Stop-Out Levels15%
🗣 Algorithmic trading offered?Yes
📞 Range of Markets Offered• 36 Forex Pairs
• Indices
• Precious Metals
• Energies
• Cryptocurrencies
• Shares


Direct Market Access (DMA) Account

👉 This account is designed for more seasoned Botswanan traders with narrower spreads, tiered commissions, and additional tools and services.

Account FeatureValue
📱 Minimum Deposit Required1,300 BWP or an equivalent to $100, with a recommended balance of at least $25,000 (329,000 BWP)
📉 Average SpreadsFrom 0.3 pips EUR/USD
💻 Commissions ChargedNone, only the spread is charged
📊 Minimum Position Size0.01 lots (micro lots)
📉 Rebates Added2 USD per side up to 100,000 USD
📈 Maximum Leverage Up to 1:200
💵 Margin Level for Hedged/Locked Positions50%
💸 ExecutionNDD and Market Execution
💰 Margin Call25%
👥 Stop-Out Levels15%
🗣 Algorithmic trading offered?Yes
📞 Range of Markets Offered• 36 Forex Pairs
• Indices
• Precious Metals
• Energies
• Cryptocurrencies
• Shares


FOREX.com Base Account Currencies

👉 Unlike other brokers, FOREX.com offers a very limited selection of default currencies for active accounts. As a result, the only options available to traders when they open an account on FOREX.com are USD, GBP, or EUR.


👉 This implies that Botswanan traders who make deposits or withdrawals in BWP may incur currency conversion costs when their BWP-denominated money must be translated to one of the three recognized currencies, which may impact their overall profitability.


FOREX.com Demo Account

Forex.com Review Demo Account

👉 Since some risk is involved in trading the financial markets, FOREX.com offers its clients a risk-free environment where they may practice trading, evaluate trading strategies, and learn about the broker’s services in a safe setting with actual market conditions.


👉 It is possible to access demo versions of the Standard, MT5, and Commission Accounts. However, Botswana residents should know that demo accounts have a 90-day time restriction before expiration. At this point, they must be replaced with real accounts.


FOREX.com Islamic Account

Forex.com Review Islamic Account

👉 Muslim traders may convert any current trading accounts that FOREX.com provides into an Islamic account due to the inherent fees associated with holding positions open overnight.


👉 Muslim traders in Botswana may anticipate several benefits, not the least of which is that converting to an Islamic Account is free, depending on the kind of account they choose.

How to open an Account with FOREX.com in Botswana

Forex.com Review Account Registration

👉 Botswanan traders may complete the following procedures to open an account with FOREX.com:

➡️ On the website’s front page is a button labelled “Create an Account” that traders can click to open an account.

➡️ Traders are sent to a website where they must choose the trading account that best fits their requirements (Standard, MT5, Commission, or DMA Account).

➡️ After choosing their account type, traders will be prompted to provide all their personal data.

➡️ You will need to supply information regarding your physical address, country of residence, tax information, and identity number at the next step.

➡️ Following that, traders will have to provide detailed information about their trading history and experience and their present financial status. Additionally, traders must choose their preferred base currency (EUR, USD, or GBP).

➡️ Before entering this information, traders must acknowledge their understanding of FOREX.com’s Terms & Conditions and privacy policy.

➡️ Newly registered users are required to confirm their proof of residence as part of the Know Your Customer (KYC) procedure by supplying a valid utility bill dated within the previous six months, along with proof of identity in the form of a valid government-issued ID document, passport, or another form of ID.

FOREX.com Vs IC Markets Vs XM – Broker Comparison

🥇 FOREX.com🥈 IC Markets🥉 XM
📱 Trading Platform• MetaTrader 4
• MetaTrader 5
• FOREX.com Platform
• MetaTrader 4
• MetaTrader 5
• cTrader
• MetaTrader 4
• MetaTrader 5
• XM Mobile App
X App
• CopyTrade App
💰 Withdrawal FeeNoNoNo
📊 Demo AccountYesYesYes
📈 Minimum Deposit1,300 BWP2,600 BWP66 BWP
📊 Leverage1:4001:5001:888
📊 SpreadFrom 0.2 EUR/USDFrom 0.0 pipsFrom 0.0 pips
💰 Commissions$10 per round turnFrom $3 to $3.5$1 to $9
✴️ Margin Call/Stop-Out100%/50%100%/50%• 50%/20%,
• 100%/50% (EU)
💻 Order ExecutionMarketMarketMarket, Instant
💳 No-Deposit BonusNoYesYes
📊 Cent AccountsNoYesNo
📈 Account Types• Standard Account
• Commission Account
• DMA Account
• cTrader Account
• Raw Spread Account
• Standard Account
• Micro Account
• Standard Account
• XM Ultra-Low Account
• Shares Account
⚖️ CBN RegulationNoNoNo
💳 BWP DepositsNoYesNo
📊 Botswana Pula AccountNoNoNo
👥 Customer Service Hours24/524/724/5
📊 Retail Investor Accounts262
☪️ Islamic AccountYesYesYes
📉 Minimum Trade Size0.01 lots (100k on DMA Account)0.01 lots0.01 lots
📈 Maximum Trade SizeDepends on available funds Unlimited100 lots
💰 Minimum Withdrawal TimeInstantInstant1 working day
📊 Maximum Estimated Withdrawal TimeBetween 1 to 2 working daysUp to 14 business days5 working days
💸 Instant Deposits and Instant Withdrawals?YesYes, on PayPal, Neteller, and SkrillYes, deposits

FOREX.com Trading Platforms

Forex.com Review Trading Platforms

👉 FOREX.com offers Botswanan traders a choice between these trading platforms:

 ➡️ com Platform

 ➡️ MetaTrader 4

 ➡️ MetaTrader 5


Desktop Platforms

 ➡️ com Platform

 ➡️ MetaTrader 4

 ➡️ MetaTrader 5


FOREX.com Platform

👉 The desktop trading interface on FOREX.com gives active currency traders access to the most advanced features. The innovative desktop trading software from FOREX.com excels in speed, flexibility, and performance.


👉 For active traders, it is packed with features, including customizable layouts, trade preferences, one-click trading, expert analytics tools, integrated strategy-building tools, extensive charting capabilities, and the option to create your own custom indicators.


MetaTrader 4

👉 The biggest MT4 broker in the world, FOREX.com, provides traders with specialized customer service and unique trading tools.


👉 MT4 is an excellent option for beginners since it is recognized as one of the most well-liked and user-friendly online trading platforms. Additionally, it offers enough sophisticated features to entice seasoned traders.


MetaTrader 5

👉 The MT5 platform offers additional options in addition to the essential features and services that made MT4 so popular. For example, the new and improved charting features in MetaTrader 5 include more periods, order types, indicators, tools, rapid market searches, and groups.


WebTrader Platforms

 ➡️ com Platform

 ➡️ MetaTrader 4

 ➡️ MetaTrader 5


FOREX.com Platform

👉 With comprehensive trading capabilities, informative charts, a smart trade ticket with extensive risk management options, preset and reversible layouts, and integrated trading tools, FOREX.com’s modern web-based platform is straightforward, fast, and dependable.


👉 The unique FOREX.com platform works with all PC and Mac browsers without downloads or plug-ins.


MetaTrader 4

👉 For traders in Botswana looking for tight spreads, excellent executions, and unique trading tools like Reuters news, AutoChartist Trade Ideas, Trading Central technical analysis, and account management features, FOREX.com and Metatrader 4’s WebTrader are your best choices.


MetaTrader 5

👉 With FOREX.com and MetaTrader 5, you have access to fully functional trading platforms that work with all browsers and operating systems and let you trade a variety of financial instruments.


👉 In addition, the WebTrader provides the following functionalities without the need for downloads or plug-ins:

 ➡️ Availability of One-click trading and direct trading from price charts.

 ➡️ Updated orders through graphs.

 ➡️ An approachable and straightforward system.

 ➡️ Expert Advisors (custom-built and standard).


Trading App

 ➡️ FOREX. com Platform

 ➡️ MetaTrader 4

 ➡️ MetaTrader 5


FOREX.com Platform

👉 With the FOREX.com mobile trading app compatible with iOS and Android, you will never again miss a market shift.


👉 You can access TradingView’s complete trading capabilities, risk management options, extensive charts, real-time analysis, integrated fund management, and more on your iPhone or Android smartphone, giving you a comprehensive trading experience.


MetaTrader 4 and 5

👉 Using MetaTrader 4 and MetaTrader 5 mobile, Botswanans may trade over 500 stocks, cryptocurrencies, currency pairs, and other markets. Additionally, Botswanans can easily employ a variety of technical indicators and watch interactive charts.


👉 In addition to establishing smartphone alerts, users may control their trading accounts while on the road.

FOREX.com Range of Markets

👉 Botswanan traders can expect the following range of markets from FOREX.com:

➡️ Forex

➡️ Indices

➡️ Stocks

➡️ Commodities

➡️ Precious Metals

➡️ Cryptocurrencies

➡️ Energies


Financial Instruments and Leverage offered by FOREX.com

🔨 Instrument💰 Number of Assets Offered📈 Max Leverage Offered
➡️ Forex911:400
➡️ Precious Metals51:200
➡️ Indices181:200
➡️ Stocks4,5001:20
➡️ Cryptocurrency81:25
➡️ Energies41:100
➡️ Commodities71:25

Broker Comparison for Range of Markets

🥇 FXChoice🥈 FBS🥉 OctaFX
➡️️ ForexYesYesYes
➡️️ Precious MetalsYesYesYes
➡️️ ETFsNoYesNo
➡️️ CFDsYesYesYes
➡️️ IndicesYesYesYes
➡️️ StocksYesYesYes
➡️️ CryptocurrencyYesYesNo
➡️️ OptionsNoYesNo
➡️️ EnergiesYesYesYes
➡️️ BondsNoYesNo

FOREX.com Trading and Non-Trading Fees

Forex.com Review Trading Fees


👉 FOREX.com charges changeable spreads depending on the account utilized, the financial instrument being traded, and the trading day’s prevailing market circumstances. The following are some typical spreads Botswanans might expect:

➡️ Standard Account – Spreads begin at 0.2 pips EUR/USD on average, with typical spreads beginning at 1.3 pips EUR/USD.

➡️ Commission Account – beginning at 0.2 pips EUR/USD

➡️ DMA Account – Spreads averaging 0.3 pips EUR/USD and spreads averaging 1.3 pips EUR/USD.


👉 Additional spreads according to different financial instruments are as follows:

🔨 Instrument💰 Average Spreads📈 Typical Spreads
AUD/USD0.8 pips1.5 pips
EUR/CHF2.3 pips2.9 pips
XAU/USD44 pips82 pips
Indices1 pip
Commodity Futures0.35 pips
Spot Commodities1.5 pips
Crypto0.5 pips



👉 On the Fee Account, FOREX.com charges a normal cost of $5 for every 100,000 traded, equivalent to a round-trip commission fee of $10.


👉 The DMA Account is subject to standard commissions, with the potential of volume-based reductions. For example, traders will be charged $50 the next month if 350 million dollars are exchanged in a single month.


👉 If they transact $550 million in the second month, the trader will pay $50 per million exchanged in the third month.


👉 When a Botswanan trader completes $600 million in trades in the third month, their commission rates will be decreased to $40 in the fourth month, based on the three-month rolling average of the trading volume.


Overnight Fees, Rollovers, or Swaps

Forex.com Review Rollover Fees

👉 The rollover rate, also known as the overnight charge, is the interest paid or earned on overnight deposits. The rollover interest charge is calculated using the difference between the interest rates of the two currencies.


👉 The interest rate spread between the two currencies and the current exchange rate determines the rollover rate. Consequently, market circumstances might influence rollover rates, particularly at the conclusion of a quarter or year.


👉 FOREX.com routinely examines and modifies rollover fees to reflect market and industry circumstances. The following are samples of typical overnight fees levied to Botswanans by FOREX.com:

➡️ EUR/USD – a long swap of -0.54 pips and a short swap of 0.03 pips.

➡️ CAD/CHF – a long swap of 0.09 pips and a short swap of -0.63 pips.

➡️ CHF/JPY – a long swap of -0.39 pips and a short swap of -0.05 pips.

➡️ EUR/GB – a long swap of -0.64 pips and a short swap of 0.15 pips.

➡️ EUR/ZAR – a long swap of -3.67 pips and a short swap of 1.98 pips.

➡️ USD/ZAR – a long swap of -2.64 pips and a short swap of 1.01 pips.

➡️ XAG/USD – a long swap of -0.03 pips and a short swap of 0.01 pips.

➡️ XAU/USD – a long swap of -0.03 pips and a short swap of -0.11 pips.


Deposit and Withdrawal Fees

👉 FOREX.com charges no fees for deposits or withdrawals, regardless of the payment method used by traders.


Inactivity Fees

👉 After 12 months of inactivity, an inactive live trading account will incur a $15 fee.


Currency Conversion Fees

👉 When traders deposit or withdraw in a currency other than USD, EUR, or GBP, a 0.5% currency conversion charge will be assessed.

FOREX.com Deposits and Withdrawals

Forex.com Review Deposits And Withdrawals

👉 FOREX.com offers the following deposit and withdrawal methods:

➡️ Credit Card

➡️ Debit Card

➡️ Bank Wire Transfer

➡️ Neteller

➡️ Skrill


Broker Comparison: Deposit and Withdrawals

🥇 FOREX.com🥈 IC Markets🥉 XM
Minimum Withdrawal TimeInstantInstant1 working day
Maximum Estimated Withdrawal TimeBetween 1 to 2 working daysUp to 14 business days5 working days
Instant Deposits and Instant Withdrawals?YesYes, on PayPal, Neteller, and SkrillYes, deposits


Deposit Currencies, Minimum and Maximum Deposit, and Maximum Withdrawal Limit

💳 Payment Method💵 Accepted Currencies💳 Min Deposit💸 Max Deposit💵 Max Withdrawal
Credit CardUSD, EUR, GBP1,500 BWP or 100 units in GBP, EUR, USD150,000 BWP or 10,000 units in GBP, EUR, USD780,000 BWP or 50,000 units in GBP, EUR, USD
Debit CardUSD, EUR, GBP1,500 BWP or 100 units in GBP, EUR, USD150,000 BWP or 10,000 units in GBP, EUR, USD780,000 BWP or 50,000 units in GBP, EUR, USD
Bank WireUSD, EUR, GBP1,500 BWP or 100 units in GBP, EUR, USDNoneNone
NetellerUSD, EUR, GBP1,500 BWP or 100 units in GBP, EUR, USD150,000 BWP or 10,000 units in GBP, EUR, USDNone
SkrillUSD, EUR, GBP1,500 BWP or 100 units in GBP, EUR, USD150,000 BWP or 10,000 units in GBP, EUR, USDNone

How to Deposit Funds with FOREX.com

👉 To deposit funds to an account with FOREX.com, Botswanan traders can follow these steps:

➡️ Botswanans must check that FOREX.com has validated and authorized their trading account.

➡️ Traders can access the “Funding” option through the “MyAccount” section of the official FOREX.com website.

➡️ Traders could choose their preferred deposit method, specify a minimum deposit amount, select a deposit currency, and complete further steps to confirm and finish the transaction.


👉 While the minimum margin requirement is 1,500 BWP ($100), FOREX.com recommends that traders keep their surplus margin balance above the minimum margin requirement.


👉 If traders fail to achieve this, they may be unable to execute transactions on certain instruments, or their holdings may be liquidated.


👉 FOREX.com does not charge any deposit fees; banks may impose transaction processing or service fees. In addition, deposits made in currencies other than GBP, USD, or EUR incur currency translation costs.

FOREX.com Fund Withdrawal Process

👉 To withdraw funds from an account with FOREX.com, Botswanan traders can follow these steps:

➡️ Log into the “MyAccount” area of your trader’s dashboard and navigate to the Withdrawal section.

➡️ Select the payment method you used to make your first deposit, and then submit your withdrawal request to FOREX.com.

FOREX.com Education and Research

Forex.com Review Education and Research


👉 FOREX.com offers the following Educational Materials:

➡️ Trading Concepts

➡️ Risk Management Guides

➡️ Technical Analysis

➡️ Fundamental Analysis

➡️ Trading Strategies

➡️ Trading Topics

➡️ Glossary

➡️ Trading Courses (Beginner, intermediate, advanced)

➡️ What is Forex?

➡️ Chart Basics

➡️ Developing a Trading Plan


Research and Trading Tool Comparison

🥇 FOREX.com🥈 IC Markets🥉 XM
➡️ Economic CalendarYesYesYes
➡️ VPSYesYesNo
➡️ AutoChartistYesYesNo
➡️ Trading ViewYesYesYes
➡️ Trading CentralYesYesYes
➡️ Market AnalysisYesYesYes
➡️ News FeedYesYesYes
➡️ BlogYesYesYes


👉 FOREX.com also offers Botswanan traders the following additional Research and Trading Tools:

➡️ The Latest Research

➡️ Market Insights

➡️ Trade-Ideas

➡️ Pivot Points

➡️ Economic Calendar

➡️ Week Ahead Reports

➡️ Webinars

➡️ Popular Topics Section

FOREX.com Bonuses and Promotions

👉 FOREX.com does not currently offer any bonuses or promotions to Botswanan traders.

How to open an Affiliate Account with FOREX.com

Forex.com Review Affiliate Program

👉 FOREX.com offers a comprehensive affiliate program. However, there are several countries restricted from this service, including Botswana. Therefore, the following section is for information purposes only.


👉 To register an Affiliate Account, traders who are not from the restricted countries’ list can follow these steps:

➡️ Eligible affiliates may join FOREX.com’s affiliate program by visiting the website and selecting “Affiliate Program” under “Our Parent Company” in the “About Us” section.

➡️ Affiliates interested in promoting GAIN Capital, City Index, or FOREX.com will be sent to the GAIN Capital affiliates page.

➡️ No matter which option affiliates choose, they will be sent to a standard registration form with three sections: Personal, Payment, and Additional information.

➡️ Prospective affiliates can submit a completed registration form to be reviewed by a GAIN Capital representative.

FOREX.com Affiliate Program Features

👉 GAIN Capital operates FOREX.com’s affiliate program, through which traders may quickly earn up to $650 through the CPA and enjoy the following benefits:

➡️ Some of the best commission rates.

➡️ Working with a regulated global brand.

➡️ Access to outstanding conversion paths.


👉 Affiliates that qualify will receive access to a specialized affiliate support staff, some of the most creative content, and innovative affiliate software, among other resources.

FOREX.com Customer Support

👉 Like other brokers, customer assistance is available through phone, email, and live chat around the clock (from 10 am on Sundays until 5 pm on Fridays).


👉 Even though English is FOREX.com’s major support language, Arabic, Ukrainian, Polish, Russian, and Chinese are also available, depending on their availability.


👉 You could also contact the FOREX.com team through social media platforms like Facebook and Twitter.

Customer SupportFOREX.com’s Customer Support
⏰ Operating Hours24/5
🗣 Support LanguagesEnglish, Arabic, Ukrainian, Polish, Russian, Chinese
🗯 Live ChatYes
📧 Email AddressYes
☎️ Telephonic SupportYes
📞 Local Support in Botswana?No
🥇 Overall quality of FOREX.com Support4.7/5

FOREX.com Corporate Social Responsibility

👉 There is currently no information about FOREX.com’s or its affiliates’ corporate social responsibility.

Our Verdict on FOREX.com

👉 FOREX.com’s trading systems suit busy day traders and occasional longer-term investors.


👉 In terms of trading platforms, customers may download either the advanced trading platform or MetaTrader 4 (MT4) for use on a desktop computer, use the web trader for trading via a web browser, or use the FOREX.com or MT4 mobile app for trading on their portable smart devices.


👉 FOREX.com is one of the premier platforms for foreign exchange trading and one of the world’s major FX brokers. In addition, FOREX.com provides free, comprehensive forex trading education for novices and seasoned traders.


👉 FOREX.com has partnered with TradingView, a leader in charting technology, to provide enhanced tools for technical research and trading. As a result, there are around 90 distinct indications from which to pick. Additionally, traders may construct their own unique indicators and charts.


👉 Overall, FOREX.com satisfies many requirements for a competent broker. However, one gets the idea that everything might be so much better if greater attention were devoted to the major source of revenue: the consumer.


👉 FOREX.com provides access to a few financial products with spread and commission prices comparable to the industry standard, a selection of account types, numerous user interfaces, and educational and research tools.


👉 Although customer support is accessible and sufficient, the poor upkeep of the website indicates a lack of diligence.


👉 Although Botswanan traders will be trading with FOREX.com’s Cayman Islands subsidiary, which is subject to less regulatory oversight than FOREX.com’s companies based in the United Kingdom or Australia, the subsidiary segregates client funds from company funds. As a result, it offers negative balance protection to all traders.

FOREX.com Pros and Cons

✔️ Pros❌ Cons
FOREX.com is one of the top-rated brokers with a high trust score of 99%FOREX.com charges conversion fees of 0.5% if the trader’s deposit and withdrawal currency differ from the base currency of the account
FOREX.com offers over 4,500 financial instruments to traders from around the worldInactivity fees will apply to all dormant accounts
Botswanan traders can choose from three dynamic retail accounts according to their unique trading needs and objectivesFOREX.com does not offer a BWP-denominated account to Botswanans
There are advanced trading tools offered to more experienced traders, including TradingView, Recognia, AutoChartist, and moreThere are only a few deposit and withdrawal options
There is a demo account offered in addition to an Islamic account option
FOREX.com offers commission-free options


Is FOREX.com safe or a scam?

FOREX.com is not a scam broker but a widely popular, legitimate broker with a significant worldwide presence. In addition, FOREX.com has a trust score of 99%, has great reviews on Trustpilot, and is one of the few brokers that provide an Execution Scorecard.


What is the minimum deposit for FOREX.com?

The minimum necessary first investment is 100 of your chosen base currency. However, FOREX.com suggests a minimum deposit of $2,500 (32,900 BWP) to give traders more trading freedom and risk control.


Is FOREX.com regulated?

Yes, FOREX.com is regulated by nine Tier-1 agencies (NFA, CFTC, FCA, ASIC, JFSA, IIROC, SFC, and MAS) and one Tier-3 authority, CIMA.


Does FOREX.com have Volatility 75?

Volatility 75 is not a part of FOREX.com’s extensive product offering.


How can I withdraw my funds from FOREX.com?

To withdraw money, log in to the trading site and choose “Withdraw Funds” from the “Add Funds” menu. The funds must be withdrawn to the original deposit source.


Does FOREX.com have Nasdaq?

FOREX.com provides Nasdaq as “US Tech 100” for trading as CFDs on Indices.


👉 Now it is your turn to participate:

➡️ Do you have any prior experience with FOREX.com?

➡️ What was the determining factor in your decision to engage with FOREX.com?

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

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


👉 Regardless, please share your thoughts in the comments below.


👉 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.

Rate this article.

Table of Contents