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FOREX.com Review

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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 : May 7, 2024

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005 regulations book


005 feature selection

Regulation and Safety of Funds


Awards and Recognition

007 fees

Account Types and Features


Account Registration


Broker Comparison

003 responsive design

Trading Platforms

003 stock market

Range of Markets



001 cash withdrawal

Deposit and Withdrawels

003 research

Education and Research


Bonuses and Promotions

001 cash withdrawal

Affiliate Programs

customer service

Customer Support

002 affiliate marketing

Social Responsibility

008 auction

Final Verdict

004 review

Pros and Cons

001 question


Overall Rating

Min Deposit




Trading Desk

MetaTrader 4



Total Pairs


Islamic Account


Trading Fees


Account Activation Time

24 Hours





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.


Distribution of Traders

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

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)1365 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

Regulation and Safety of Funds

Regulation and Safety of Funds


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.


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.


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.


Is FOREX.com a regulated broker, and which regulatory authorities oversee its operations?

Yes, the broker is a regulated broker committed to maintaining high standards of integrity and client protection. The regulatory oversight of FOREX.com varies depending on the region and entity. In the United States, FOREX.com is regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC).


How does FOREX.com ensure the safety of client funds?

The broker prioritizes the safety of client funds through various protective measures. As a regulated broker, the company follows strict regulatory requirements set by authorities such as the National Futures Association (NFA), Commodity Futures Trading Commission (CFTC), Financial Conduct Authority (FCA), and the Cayman Islands Monetary Authority (CIMA).

Awards and Recognition


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.


Has FOREX.com received any notable awards for its services in the financial industry?

Yes, the broker has garnered recognition through various notable awards within the financial industry. The platform has been honored across different categories, including trading services, customer support, and technological innovation.


How is FOREX.com regarded in the financial industry, and what does its reputation suggest about the platform?

The broker enjoys a positive reputation within the financial industry, reflecting its dedication to providing a wide range of trading services and maintaining customer satisfaction.

FOREX.com Account Types and Features

FOREX.com Account Types and Features


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

➡️ MT4 trading account

➡️ MT5 trading account

➡️ RAW Spread Account


Live Trading Account Details

Standard Account


Standard Account



MT4 trading account


MT4 trading account



MT5 trading account


MT5 trading account



RAW Spread Account


RAW Spread Account


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.


Demo Account


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.


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.


What types of trading accounts does FOREX.com offer, and how do they differ?

The broker provides a variety of trading accounts to cater to the diverse needs of traders. The primary account types include Standard Accounts and RAW Accounts.


What features are included with FOREX.com trading accounts?

The brokers trading accounts come with a range of features designed to enhance the trading experience. Key features include access to the popular MetaTrader 4 (MT4) platform, advanced charting tools, technical analysis resources, and a comprehensive selection of tradable instruments, including forex, commodities, indices, and cryptocurrencies.

How to open an Account with FOREX.com in Botswana

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


Step 1: “Create an Account”

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


How to open an Account with FOREX.com step1


Step 2: Choose the trading 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).


How to open an Account with FOREX.com step 2


Step 3: Provide personal data.

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


How to open an Account with FOREX.com STEP 3


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 Deposit1365 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 Trading Platforms


Offers Botswanan traders a choice between these trading platforms:

 ➡️ WebTrader Platforms

 ➡️ 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


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


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


WebTrader Platforms


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.


Mobile trading app


Mobile trading app


Trade to your full capability with there mobile app, as powerful as the web version but available to use whenever you want to trade.

  • Quality execution with one-swipe trading
  • Advanced TradingView charting and analysis tools
  • Real-time trade & order alerts
  • Full account management features


Can I trade on FOREX.com using my mobile device, and what features are available on the mobile platforms?

Absolutely. FOREX.com recognizes the importance of mobile trading and offers mobile versions of MetaTrader 4 (MT4) and its proprietary Advanced Trading Platform for both iOS and Android devices.


What trading platforms does FOREX.com offer, and how do they differ?

The broker provides a selection of advanced trading platforms to cater to the diverse needs of traders. The primary trading platform is the widely used MetaTrader 4 (MT4) ,MetaTrader 5 (MT5),  Webtrader and Mobile platforms known for its user-friendly interface, advanced charting tools, and support for automated trading through Expert Advisors (EAs). Additionally, FOREX.com offers its proprietary platform, the Advanced Trading Platform, designed to provide an intuitive and feature-rich trading experience.

Range of Markets


Range of Markets


Botswanan traders can expect the following range of markets:

➡️ Forex

➡️ Indices

➡️ Stocks

➡️ Commodities

➡️ Precious Metals

➡️ Cryptocurrencies

➡️ Energies


Financial Instruments and Leverage

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


What financial instruments are available for trading on FOREX.com?

The broker offers a diverse range of tradable instruments across various asset classes. Traders can access a broad selection of currency pairs in the forex market, including majors, minors, and exotic pairs.


Does FOREX.com offer cryptocurrency trading, and what cryptocurrencies are available on the platform?

The broker recognizes the growing popularity of cryptocurrencies and allows traders to engage in cryptocurrency trading. The platform typically offers a selection of popular digital assets, including but not limited to Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP).

Broker Comparison for Range of Markets

🥇 FOREX.com🥈 IC Markets🥉 XM
➡️️ ForexYesYesYes
➡️️ Precious MetalsYesYesYes
➡️️ ETFsNoYesNo
➡️️ CFDsYesYesYes
➡️️ IndicesYesYesYes
➡️️ StocksYesYesYes
➡️️ CryptocurrencyYesYesNo
➡️️ OptionsNoYesNo
➡️️ EnergiesYesYesYes
➡️️ BondsNoYesNo

Trading and Non-Trading Fees


Trading and Non-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


Overnight Fees, Rollovers, or Swaps


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.


Are there any non-trading fees on FOREX.com, and what should traders be aware of?

In addition to trading fees, FOREX.com may charge non-trading fees that traders should consider. Non-trading fees may include overnight financing fees (swap rates) for positions held overnight, withdrawal fees, and inactivity fees for dormant accounts.


What are the trading fees associated with FOREX.com, and how are they structured?

The broker employs a transparent fee structure primarily based on spreads for various financial instruments, including forex, commodities, indices, and cryptocurrencies. The spread is the difference between the buying (ask) and selling (bid) prices of an asset.

FOREX.com Deposits and Withdrawals


Deposits and Withdrawals


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 can I make a deposit into my FOREX.com trading account, and what payment methods are supported?

Depositing funds into your FOREX.com trading account is a simple process. FOREX.com typically supports various payment methods, including bank wire transfers, credit/debit cards, and popular e-wallet options such as Skrill and Neteller. To make a deposit, log in to your FOREX.com account, navigate to the deposit section, and choose your preferred payment method.


How can I initiate a withdrawal from my FOREX.com trading account, and what withdrawal options are available?

Initiating a withdrawal from your FOREX.com trading account is straightforward. Log in to your account, go to the withdrawal section, and select your preferred withdrawal method. FOREX.com typically processes withdrawals using the same method that was used for the initial deposit.

How to Deposit Funds with FOREX.com

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


Step 1: Log In

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


How to Deposit Funds with FOREX.com step 1


Step 2: Preferred deposit method

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.


How to Deposit Funds with FOREX.com step 2


While the minimum margin requirement is 1 365 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:


Step 1: Log into the “MyAccount”

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


FOREX.com Fund Withdrawal Process step 1


Step 2: Select the payment method

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


FOREX.com Fund Withdrawal Process step 2

Education and Research


Education and Research



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


What educational resources does FOREX.com offer to help traders improve their skills and knowledge?

The broker is dedicated to supporting the educational needs of traders by providing a variety of comprehensive resources. Traders can access educational materials such as webinars, video tutorials, and written guides covering a wide range of topics, from fundamental concepts to advanced trading strategies.


What research tools are available on FOREX.com to assist traders in making informed decisions?

The broker equips traders with a variety of research tools designed to facilitate informed decision-making. The platform provides daily market analysis, economic calendars, and expert commentary to keep traders updated on significant market events and trends.

10 Best Forex Brokers in Botswana for 2024





Min Deposit

Official Site



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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


How to open an Affiliate Account


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.


What features are offered in the FOREX.com Affiliate Program, and how can I maximize my earnings as an affiliate?

The brokers Affiliate Program typically provides a range of features to help affiliates maximize their earnings. Affiliates gain access to marketing materials, including banners and tracking tools, to effectively promote FOREX.com.


How can I open an affiliate account with FOREX.com, and what are the steps involved?

Opening an affiliate account with FOREX.com involves a straightforward process. Interested individuals can typically find an “Affiliate” or “Partnership” section on the official FOREX.com website. Within this section, there is usually an option to “Become an Affiliate” or a similar designation.

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.

Customer Support


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

Corporate Social Responsibility

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

Our Verdict 

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.

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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


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.

Frequently Asked Questions

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.


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

9.5/10 - (2 votes)

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