Exness Review
6 Best $10 Minimum Deposit Forex Brokers in Botswana
The 6 Best Forex Brokers with a Minimum $10 Deposit for Botswana revealed. We tested the best forex trading platforms for Botswana Traders.
This is a complete guide to the $10 Minimum Deposit Forex Brokers in Botswana.
In this in-depth guide you’ll learn:
- What is a $10 (136 BWP) Minimum Deposit Broker?
- Which NASDAQ Brokers offer a low minimum deposit?
- Which forex brokers are best for beginner Botswana Traders?
- Which brokers offer a low minimum deposit of $10 (136 BWP) to start trading?
- Which $10 minimum deposit brokers offer MetaTrader4/MT4 and MetaTrader5/MT5 trading platforms?
- Which forex brokers offer a mobile app on IOS and Android for Botswana Traders?
And lots more…
So if you’re ready to go “all in” with the best $10 minimum deposit forex brokers…
Let’s dive right in…
- Lesche Duvenage
6 Best $10 Minimum Deposit Forex Brokers in Botswana
| 🥇 Broker | 👉 Open Account | 💰 Minimum Deposit? | 💸 Botswana Pula (BWP) Deposits Allowed? | ✔️ Offers Botswana Pula Account? |
| 1. FXTM | 👉 Open Account | $10 (136 BWP) | Yes | Yes |
| 2. BDSwiss | 👉 Open Account | $10 (136 BWP) | Yes | Yes |
| 3. RoboForex | 👉 Open Account | $10 (136 BWP) | No | Yes |
| 4. IQ Option | 👉 Open Account | $10 (136 BWP) | Yes | Yes |
| 5. Tifia | 👉 Open Account | $10 (136 BWP) | No | Yes |
| 6. Exness | 👉 Open Account | $10 (136 BWP) | Yes | Yes |
10 Best Forex Brokers in Botswana for 2024
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What is a $10 minimum deposit in Forex trading?
Opening and maintaining a live trading account with a Forex broker typically calls for a minimum deposit. This is guaranteed that traders have sufficient capital for risk-free trading.
The minimum deposit required to open an account with a broker might be anywhere from $1 to $1,000. These broker accounts are generally suitable for novice traders in Botswana due to the low entry barrier of $10 required to open an account.
6 Best $10 Minimum Deposit Forex Brokers in Botswana
- ✔️ FXTM – Overall, Top NAS100 Broker in Botswana
- ✔️ BDSiss – Best MetaTrader 4 / MT4 Forex Broker in Botswana
- ✔️ RoboForex – Top Broker for Beginner Traders
- iq option – Award-winning mobile trading platform
- Tifia – Best exclusive tools and the latest trading technologies
- Exness – Best feature-rich trading app in Botswana
1. FXTM
Overview
It’s safe to say that many Botswanan residents who are new to Forex trading will find FXTM to be an invaluable tool. There is a no-deposit Micro Account, a state-of-the-art copy trading platform, and video and textual tutorials to get you started.
This minimum deposit requirement applies when traders register for the Cent account. The minimum deposit is equal to $10 / 136 BWP.
Overall Rating
- 4.6/5
Min Deposit
USD 10
Regulators
CySec, FSCA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
60
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
FXTM, formed in 2011 and located in Cyprus, is one of the forex brokers with the quickest growth (Limassol). Both the Financial Conduct Authority and other regulatory bodies oversee the industry.
FXTM’s initial concentration on the African and Asian markets led to its rapid expansion across Europe and beyond within just a few years of its inception.
The spread in the FXTM Micro account is relatively high. Akin to an ECN account, their Advantage account caters to high-volume traders by providing them with Raw spreads at a reasonable cost.
Unique Features
| Account Feature | Value |
| 💸 Minimum Deposit Required | 136 Botswanan Pula, 10 EUR, USD, GBP, or 10,000 NGN |
| 📊 Average Spreads | Floating from 1.5 pips EUR/USD |
| 🔧 Trading Instruments available | • Forex • Metals • Commodities • Indices • Forex Indices • Stock Baskets |
| 💵 Commission charges | None |
| 💻 Platforms Supported | • MetaTrader 4 • FXTM Trader |
| 📈 Base Account Currency | US Cent, EU Cent, GBP Pence, or Nigerian kobo |
| 📉 Leverage and Margin | • Forex – from 1:3 to a maximum of 1:1000 (Fixed) • Metals – up to a maximum of 1:500 (Fixed) |
| 🔄 Order Execution | Instant Execution |
| 📞 Margin Call (%) | 60% |
| 🛑 Stop-Out Level (%) | 40% |
| ☪️ Islamic Account Option | Yes |
| 📈 Limit and Stop Levels | 1 spread |
| 🔄 Quote Decimals on Forex and Special Metals | • Forex: 5 decimals (3 on JPY pairs) • Metals: 2 decimals for XAU/USD, 3 decimals for XAG/USD |
| 📈 Minimum Volume per trade (lots) | 0.01 lots |
| 📉 Maximum Orders | 300 lots |
| 📊 Maximum Volume per Order | 10 lots |
| 💰 Maximum Volume in lots per order | 3,000 lots |
| 💵 Maximum Pending Orders | 100 lots |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FXTM is a multi-regulated and award-winning forex broker | Inactivity fees are charged on dormant accounts |
| There is a dedicated customer support team available | FXTM does not offer its services to United States clients |
| There are several easy and quick funding and withdrawal methods offered | |
| There are three dynamic retail investor accounts to choose from with high maximum leverage ratios | |
| Low minimum deposit requirements and commission-free trading offered | |
| Deposit fees are not charged on any of the payment methods offered and the processing times on withdrawals are quick | |
| There is a selection of educational tools offered and research tools for experienced traders | |
| There is dedicated customer support offered in multiple languages |
2. BDSwiss
Overview
The Cent account allows every trader, whether he/she is an expert or a beginner to invest smaller amounts in markets around the globe, carry out accurate transactions and strategies, while at the same time enjoying an extremely lower risk percentage than normal.
Traders who want to invest in the market are able to do so with a minimum deposit of only $10 / 136 BWP.
The Classic account provides traders with Multi-asset trading on more than +1000 CFDs. When choosing this account, traders have access to more than +1000 assets where the min lot size is 0.01 and the maximum 50.
Overall Rating
- 4.7/5
Min Deposit
$10 / 136 BWP
Regulators
CySec, FSC, FSA, BaFin, NFA
Trading Desk
MetaTrader 4 , MetaTrader 5
Crypto
Yes
Total Pairs
50 Forex Pairs and 20 Crypto Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
In addition, the account provides access to MT4, MT5, BDSwiss Mobile App as well as Web Trader.
Although there are some restrictions on the trading tools for this trading account, traders still have access to educational resources as well as trading calculators and others. Hedging is allowed with this type of account and there is an option for an Islamic/Swap-free account.
Unique Features
| Account Feature | Value |
| 💸 Minimum Deposit Required | 136 Botswanan Pula, 10 EUR, USD, GBP |
| 📊 Average Spreads | N/A |
| 🔧 Trading Instruments available | Forex Commodities Shares Indices Cryptocurrencies |
| 👍 Accepts Botswanan Traders? | Yes |
| 💻 Platforms Supported | MetaTrader 4, MetaTrader 5, BDSwiss Mobile, BDSwiss Web |
| ✴️Education for Botswanan beginners | Yes |
| 💳 Deposit and Withdrawal Options | Bank wire transfer Debit Cards Credit Cards Skrill Neteller |
| 📈 Maximum Leverage | 1:1000 |
| 💰 Botswana Daily Forex Turnover | $1.25 million+ |
| ☪️ Islamic Account Option | Yes |
| 👨💼 Languages supported on Website | English, Czech, German, Italian, Spanish, Korean, French, Norwegian, Polish, Danish, Arabic, Malaysian, Thai, Vietnamese, Filipino, Hindi, Indonesian, Chinese, Portuguese, Romanian, Turkish, Russian |
| 👥 Customer Service Hours | 24/5 |
| 💰 Bonuses and Promotions for Botswanans | None |
| ✔️Is BDSwiss a safe broker for Botswanans? | Yes |
| ✔️Rating for BDSwiss Botswana | 9/10 |
| ✔️Trust score for BDSwiss Botswana | 78% |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| BDSwiss is multi-regulated and offers high liquidity | Withdrawal fees are charged |
| There is a range of markets that can be traded | There are no local deposit or withdrawal methods offered to Botswanan traders |
| BDSwiss offers competitive trading conditions and a choice between account types | There is no desktop version of the BDSwiss trading platform |
| There is optimal service offered by prompt and dedicated customer support | |
| There are user-friendly and flexible trading platforms offered | |
| BDSwiss offers a large range of trading tools and research | |
| There are educational materials offered to beginner Botswanan traders | |
| There is an industry-standard deposit requirement when Botswanan traders register an account |
3. RoboForex
Overview
RoboForex provides 5 different live trading account types – the Prime Account, The ECN Account, The R StockTrader Account, The ProCent Account, and the Islamic Swap-Free Account Option. Additionally, a selection of Demo Accounts is also on offer. RoboForex offers accounts in USD, EUR at a minimum deposit of $10 USD / R136 BWP.
Overall Rating
- 4.7/5
Min Deposit
USD 10
Regulators
IFSC
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
36
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
RoboForex offers a sign-up bonus to all new applicants in the amount of $30 USD / 408 BWP in initial funds. Traders will be able to withdraw the profit and the funds are offered without restriction.
Unique Features
| Feature | Information |
| ⚖️ Regulation | IFSC |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Botswanan Traders? | Yes |
| 💳 Minimum deposit (BWP) | Botswanan Pula $10/134 BWP |
| Average spread from | Floating from 1.3 pips |
| 📈 Maximum Leverage | 1:2000 |
| 👥 Customer Support | 24/7 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| The broker offers more than 12,000 markets that can be traded | US clients are not accepted |
| There are several flexible account types offered | There are no fixed spread accounts |
| Trading education is offered to all traders | |
| There are several powerful trading tools | |
| The broker applies negative balance protection to all retail trading accounts |
4. iq option
Overview
IQ Option offers its clients a virtually funded demo account, live trading accounts with low minimum deposit requirements, award-winning platforms, a customizable interface, convenient withdrawals, and full-time customer support.
Overall Rating
- 4.9/5
Min Deposit
USD 10 / 136 BWP
Regulators
None
Trading Desk
Proprietary trading platform
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
The minimum deposit required to open an IQ Option Account is $10 / 136 BWP. IQ Option makes 2 live trading account types available, IQ Option Real and IQ Option VIP.
Unique Features
| Feature | Information |
| ⚖️ Regulation | None |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Botswanan Traders? | Yes |
| 💳 Minimum deposit (BWP) | Botswanan Pula $10/136 BWP |
| 🆓 Demo Account | Yes |
| 📈 Maximum Leverage | 1:500 |
| 👥 Customer Support | 24/7 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| IQ Option is modern and user-friendly, with highly practical graph analysis | The web app can be slow |
| IQ Option is regulated and offers dedicated customer support | There is a limited range of tradable instruments |
| IQ Option has competitive trading and non-trading fees | An inactivity fee applies to dormant accounts |
| Professional traders have access to options trading via IQ Option | |
| The app and platform are both dependable and easy to use, even for beginners |
5. Tifia
Overview
Tifia is considered low-risk, with an overall Trust Score of 75% out of 100. Tifia offers three different retail trading accounts as well as Demo and Islamic accounts.
Overall Rating
- 4.5/5
Min Deposit
USD 10 / 134 BWP
Regulators
FSC
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Tifia has a minimum deposit of $10 (1 336 BWP). Tifia is currently not regulated by the Central Bank of Botswana.
Unique Features
| Feature | Information |
| ⚖️ Regulation | • Ministry of Finance and Economic Development (MFED) • Bank of Botswana (BoB) • Non-Bank Financial Institutions Regulatory Authority (NBFIRA) |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Botswanan Traders? | No |
| 💳 Minimum deposit (BWP) | Botswanan Pula $10/136 BWP |
| 🆓 Demo Account | Yes |
| 📈 Maximum Leverage | 1:1000 |
| 👥 Customer Support | 24/5 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| MetaTrader 4, MetaTrader 5, and Tifia’s trading software are all available to clients | Cryptocurrency trading is not offered |
| Traders in Botswana may count on minimal fees, low spreads, and consistent execution | Botswanan traders cannot open a BWP-denominated account |
| You can choose from three diverse kinds of accounts | |
| A trial version is accessible, and so is an Islamic account | |
| Tifia provides free virtual private servers (VPS) to eligible traders | |
| Modern teaching aids and resources are provided | |
| Tifia gives social trading opportunities across several markets on MT4 and MT5 | |
| Claws & Horns provides high-quality market research and trading recommendations |
6. Exness
Overview
The average spread at Exness is 0 pips, and commissions start at just $0.1 per lot, per side.
Exness provides a 1:200 maximum leverage ratio, a free demo account, and an account just for Muslims. Exness, MetaTrader 4, and MetaTrader 5 are all supported.
Overall Rating
- 4.9/5
Min Deposit
$10 / 134 BWP
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
The United Kingdom, the Seychelles, South Africa, the British Virgin Islands, and Curacao all regulate Exness, a foreign exchange broker. Companies such as Nymstar Limited, Tortelo Limited, and Vlerizo (Pty) Limited collaborate with Exness to provide their services to customers.
Botswana traders can access Exness’s safe and intuitive MT4 and MT5 trading platforms from any location in the country. They might also anticipate tempting trading conditions, such low spreads and access to ECN accounts.
In addition to the firm’s well-known name, which brings in customers from all walks of life, its divisions offer specialised financial services and investment solutions to customers all over the world.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
| ⚖️ CBN Regulation? | No |
| 📊 Trading Accounts | Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account |
| 📊 Trading Platform | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app |
| 💰 Minimum Deposit | $10 / 134 BWP |
| 💰 Trading Assets | Forex minor pairs, forex major pairs, forex exotic currency pairs, Metals, Crypto, Energies, Indices, Stocks |
| 🔎 Botswanan Pula-based Account? | No |
| 💳 BWP Deposits Allowed? | Yes |
| 💰 Bonuses for Botswanan traders? | Yes |
| 📈 Minimum spread | 0.0 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | No |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Exness is a reputable international broker authorized by several reputable market regulators | There is a limited selection of tradable instruments in only a few financial markets |
| The broker offers some of the tightest spreads across all types of accounts | There is a limited selection of funding options offered |
| There are several account types to choose from, each accommodating different types of traders | |
| There are various market metrics available including exchange rates, overall trading activities available, current market conditions, and more. | |
| Exness is ideal for any Botswanan beginner traders and institutional investors | |
| There are solutions offered for any type of professional trader who needs advanced options | |
| There is a powerful proprietary mobile app offered | |
| Client fund safety and investor protection is guaranteed | |
| Multilingual 24/7 customer support is offered | |
| Instant withdrawal methods are available |
How to choose a $10 minimum deposit Forex Broker in Botswana
Botswanan traders must evaluate the following components of a forex broker to decide whether the broker is suited to their unique trading objectives or needs.
Regulations and Licenses
This is the first vital component that Botswanan traders must thoroughly evaluate. Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others.
Botswanans must beware when dealing with brokers with only offshore regulations such as FSA, SVG BVI, FSC, and others.
Account Features
Account Features include leverage trading and margin requirement, commissions and spreads, initial deposit, additional features on retail investor accounts, and so on.
Deposits and Withdrawals
Botswanans must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits, among other trading and non-trading fees.
Range of Markets
The range of markets offered refers to the number and range of tradable instruments the broker offers. Therefore, Botswanans must consider what they wish to trade and what is available.
Customer Support
Customer Support is another crucial factor. Botswanans must check the availability of support (trading hours), the quality of support, and the promptness with which the customer support team responds to queries.
Trading Platform
A trading platform is the Botswanan trader’s portal to the financial markets. Therefore, traders must ensure that the trading platform has the necessary technical indicators, fundamental analysis, technical analysis, economic calendar, charting, newsfeed, and other tools they may need.
Education and Research
Education and Research come in handy to both novice traders and experienced investors. Education includes some of the following:
➡️ eBooks
➡️ Trading guides
➡️ Trading knowledge on leveraged products
➡️ A risk warning on complex instruments
➡️ Educational videos
Research can include some of the following:
➡️ Trading tools
➡️ Commentary
➡️ Status of International Markets
➡️ Price movements
➡️ Market sentiments
➡️ Whether there is a volatile market
➡️ Exchange Rates
➡️ Expert opinions and other resources can help experienced traders make informed trading decisions.
The Best $10 Minimum Deposit Brokers in Botswana
In this article, we have listed the best brokers that offer forex trading to traders in Botswana. In addition, we have further identified the brokers that offer additional services and solutions to Botswanan traders.
Best MetaTrader 4 / MT4 Forex Broker in Botswana
Overall Rating
- 4.6/5
Min Deposit
USD 25
Regulators
FCA UK
Trading Platform
MT5, MT4, OctaTrader
Crypto
Yes
Total Pairs
28
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, OctaFX is the best MT4 forex broker in Botswana. OctaFX is an MT4 and MT5 broker that provides Botswanans with various markets. OctaFX offers a choice of accounts via MT4, including ECN and STP accounts, with superior trade execution.
Best MetaTrader 5 / MT5 Forex Broker in Botswana
Overall Rating
- 4.9/5
Min Deposit
$100 / 1 342 BWP
Regulators
ASIC, FSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, AvaTrade is the best MetaTrader 5 forex broker in Botswana. In addition, AvaTrade is regarded as one of the most secure MT5 forex brokers.
No commission is charged for trading currency pairings, only leaving the spread to be paid. A demo account is also available for traders to sharpen their abilities via MT5 and several other platforms.
Best Forex Broker for beginners in Botswana
Overall Rating
- 4.1/5
Min Deposit
$100
Regulators
CFT, NFA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
50
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, FOREX.com is the best forex broker for beginners in Botswana. FOREX.com is a broker renowned for low trading fees and beginner-friendly solutions. In addition, FOREX.com offers several educational materials and a helpful demo account.
Best Low Minimum Deposit Forex Broker in Botswana
Overall Rating
- 4.9/5
Min Deposit
$10 / 134 BWP
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, Exness is the best Low Minimum Deposit Forex Broker in Botswana. Exness has a minimum deposit requirement of 10 USD / 130 BWP, making it easy for Botswanans to start trading 278 instruments.
Exness also offers MT4 and MT5 through which trades can be made. In addition, it offers some of the best trading tools, charting capabilities, technical indicators, expert advisors, and more.
Best ECN Forex Broker in Botswana
Overall Rating
- 4.9/5
Min Deposit
USD 0
Regulators
CySEC, FCA, DFSA, FSCA, FSA, CMA
Trading Desk
MT4, MT5, HFM APP
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
0
Account Activation Time
24 Hours
Overall, HFM is the best ECN forex broker in Botswana. HFM is a hybrid forex and CFD broker that uses STP and ECN technology to ensure that Botswanans get the best pricing, minimal slippage, no requotes, and the fastest trade execution.
HFM uses the best liquidity providers who aggregate the pricing that Botswanans can see on MT4, MT5, and the HF App for Android and iOS.
Best Islamic / Swap-Free Forex Broker in Botswana
Overall Rating
- 4.8/5
Min Deposit
USD 10 / 136 BWP
Regulators
CySec, FCA
Trading Desk
None
Crypto
Yes
Total Pairs
47
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, eToro is the best Islamic / Swap-Free forex broker in Botswana. eToro is a renowned social trading platform that offers Muslim traders an Islamic Account.
eToro does not charge any interest on positions held for over 24 hours. However, registering an Islamic Account can be expensive initially, requiring a 1,000 USD / 13619 BWP deposit.
Best Forex Trading App in Botswana
Overall Rating
- 4.9/5
Min Deposit
USD 0 / 0 BWP
Regulators
ASIC
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
300
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, CMC Markets is the best forex trading app in Botswana. In addition, CMC Markets offers a user-friendly mobile app with research tools, powerful charts, customizable watch lists, news reports, and a range of educational materials.
Best Lowest Spread Forex Broker in Botswana
Overall Rating
- 4.6/5
Min Deposit
USD 0 / 0 BWP
Regulators
FCA, CySEC, IFSC, KNF
Trading Desk
No Trading Desk
Crypto
Yes
Total Pairs
48
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, XTB is the best lowest-spread forex broker in Botswana. XTB is a well-known forex and CFD broker with low and competitive forex spreads from 0.1 pips depending on the financial instrument and the market conditions.
XTB is also a good broker in terms of educational materials and research capabilities, providing traders with comprehensive market analysis across markets.
Best Nasdaq 100 Forex Broker in Botswana
Overall Rating
- 4.6/5
Min Deposit
USD 10
Regulators
CySec, FSCA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
60
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, FXTM is the best Nasdaq 100 forex broker in Botswana. FXTM is a multi-regulated forex and CFD broker that accommodates Botswanan traders with a keen interest in Nasdaq. Traders can expect low and competitive spreads, a choice between accounts, and powerful trading platforms.
Best Volatility 75 / VIX 75 Forex Broker in Botswana
Overall Rating
- 4.8/5
Min Deposit
USD 0 / 0 BWP
Regulators
IGRs
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, IG is Botswana’s best Volatility 75 / VIX 75 forex broker. IG is one of the best CFD brokers with powerful proprietary trading technology.
IG is well-regulated and offers Botswanans access to VIX75, with spreads from 0.04 pips / 0.13% and zero commission charges.
Best NDD Forex Broker in Botswana
Overall Rating
- 4.6/5
Min Deposit
USD 50 / 672 BWP
Regulators
FCA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, FXCM is the best NDD forex broker in Botswana. FXCM is a No-Dealing Desk broker with STP and ECN execution across several markets.
In addition, FXCM offers a choice between third-party platforms in addition to technical indicators, charting tools, and competitive trading conditions.
Best STP Forex Broker in Botswana
Overall Rating
- 4.7/5
Min Deposit
USD 10
Regulators
IFSC
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
36
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, RoboForex is the best STP forex broker in Botswana. RoboForex is popular forex and CFD broker with competitive trading conditions. RoboForex offers STP execution with liquidity sourced from top providers.
Botswanans can expect access to over 12,000 instruments via powerful and innovative third-party platforms.
Best Sign-up Bonus Broker in Botswana
Overall Rating
- 4.7/5
Min Deposit
50 USD / 682 BWP
Regulators
CYSEC
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
50
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, Windsor Brokers is the best sign-up bonus broker in Botswana. Windsor Brokers is a well-regulated broker that offers Botswanans a welcome account funded with 30 USD in trading credit. With this account, Botswanans can explore the platform or risk-free test their strategies.
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Conclusion
Overall, for new traders looking to begin trading the Forex markets, a $10 minimum deposit gives a low barrier to entry. With such a tiny deposit, beginning traders won’t have to put up a lot of money while still learning the basics of forex trading. To avoid a margin call, traders should make sure they always keep enough money in their account.
Frequently Asked Questions
What lot size is good for $10 forex account?
Choose brokers who offer minimum trade sizes of 0.1 lots; some even go as low as 0.01 lots. With such little starting investments, you may trade effectively thanks to these lot sizes. For instance, using leverage, opening a position with a 0.01 lot size would cost $1,000 or $10.
Is there an advantage to having a low minimum deposit?
The benefit of a low minimum account size is the opportunity to try out a broker’s live account without making a significant financial commitment. They can also be used by traders to test trading methods in real time under actual market conditions.
What leverage should a beginner use?
You should think about limiting your leverage as a novice trader to a maximum of 10:1. Or 1:1, just to be safe. One of the mistakes that rookie forex traders make the most frequently is trading with a leverage ratio that is too high. We strongly advise you to trade with a smaller ratio until you get more experience.
How much can I make on forex daily?
If a trader employs the EUR/USD currency pair, leverage of 1:100, and an effective aggressive strategy in 2024, he can expect to make roughly $100 per day trading Forex with success. The more you deposit, the more money you’ll make.
Which forex brokers offer a mobile app on IOS and Android for Botswana Traders?
- Exness
- FXTM
Which NASDAQ Brokers offer a low minimum deposit?
- Exness
- AvaTrade
- HFM
- CMC Markets
- IG
Which forex brokers are best for beginner Botswana Traders?
- AvaTrade
- Exness
- Pepperstone
- OctaFX
Which $10 minimum deposit brokers offer MetaTrader4/MT4 and MetaTrader5/MT5 trading platforms?
- Exness
- FXTM
- RoboForex
- iq option
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.
