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7 Best $100 Minimum Deposit Forex Brokers in Botswana
The 7 Best Forex Brokers with a Minimum $100 Deposit in Botswana revealed. We tested the best forex trading platforms for Botswana Traders.
This is a complete guide to the $100 Minimum Deposit Forex Brokers in Botswana.
In this in-depth guide you’ll learn:
- What is a $100 (1 324 BWP) Minimum Deposit Broker?
- Which forex traders offer the best trading platforms for trading with a 100 USD (1 324 BWP) Minimum Deposit?
- How to compare the best brokers against each other?
- Which forex brokers are best for beginner Botswana Traders?
- Which brokers offer a sign-up bonus on a 100-dollar minimum deposit for first-time traders in Botswana?
- Which $100 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 $100 minimum deposit forex brokers…
Let’s dive right in…
- Lesche Duvenage
7 Best $100 Minimum Deposit Forex Brokers in Botswana
| 🥇 Broker | 💰 Minimum Deposit? | 👉 Open Account | 💸 Botswana Pula (BWP) Deposits Allowed? | ✔️ Offers Botswana Pula Account? |
| 1. AvaTrade | $100 (1 343 BWP) | 👉 Open Account | Yes | Yes |
| 2. FXPro | $100 (1 343 BWP) | 👉 Open Account | Yes | Yes |
| 3. Tickmill | $100 (1 343 BWP) | 👉 Open Account | Yes | Yes |
| 4. FP Markets | $100 (1 343 BWP) | 👉 Open Account | No | No |
| 5. markets.com | $100 (1 343 BWP) | 👉 Open Account | Yes | Yes |
| 6. FOREX.com | $100 (1 343 BWP) | 👉 Open Account | No | No |
| 7. Plus500 | $100 (1 343 BWP) | 👉 Open Account | No | No |
10 Best Forex Brokers in Botswana for 2024
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What is a minimum $100 deposit in Forex?
A minimum deposit is normally required to start and maintain a live trading account with a forex broker. This is a common to ensure that traders have enough capital for risk-free trading.
To open an account, a broker may require a minimum deposit of $1 to $1,000. The broker accounts discussed in this article are often suitable for beginning traders in Botswana due to the modest opening deposit of $100.
7 Best $100 Minimum Deposit Forex Brokers in Botswana
- ✔️ AvaTrade – Overall, Best $100 Minimum Deposit Broker
- ✔️ FxPro – Top Low-Spread Broker
- ✔️ Tickmill – Best Mobile App in Botswana
- FP Markets – Top MetaTrader 4/MT4 Broker in Botswana
- markets.com – Best Broker for Beginner Traders
- FOREX.com – Verified ECN Broker
- Plus500 – Best MetaTrader 5/MT5 Broker
1. AvaTrade
Overview
There are no commission fees for Botswana-based traders at AvaTrade, and the average spread on the EUR/USD pair is just 0.9 pip. You can open an Islamic or sample account with AvaTrade. The maximum leverage ratios for Retail Accounts and Pro Accounts are 1:30 and 1:400, respectively.
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
The broker has substantial financial backing, award-winning customer service that is available 24/7 in 14 languages, and a sincere interest in the trader’s experience.
Forex, commodities, digital currencies, stocks, shares, indices, metals, energies, options, bonds, CFDs, and ETFs are just a few of the numerous trading instruments that AvaTrade provides. Using a range of desktop and mobile trading platforms, trades can be executed on more than 1250 different products.
Unique Features
| Feature | Information |
| ⚖️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA |
| ⚖️ CBN Regulation? | No |
| 📊 Trading Accounts | Retail Investor Account, Professional Account Option |
| 📊 Trading Platform | AvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade |
| 💰 Minimum Deposit (BWP) | $100 / 1343 BWP |
| 💰 Trading Assets | Foreign currencies, Cryptocurrencies, Commodities, Treasuries, Bonds, Indices, Stocks, ETFs, Options, CFDs, Precious Metals |
| 🔎 Botswanan Pula-based Account? | No |
| 💳 BWP Deposits Allowed? | No |
| 💰 Bonuses for Botswanan traders? | Yes |
| 📈 Minimum spread | 0.9 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| AvaTrade is multi-regulated and one of the most trusted online trading brokers in the world | Variable spreads are not offered |
| There is a wide range of financial instruments that can be traded across financial markets | There is a limited choice between account types |
| There are several technical indicators, economic indicators, and other solutions for advanced traders | Inactivity fees are applied |
| There are several trading platforms to choose from | Currency conversion fees may be applied |
| There is a decent selection of educational material that helps beginner traders navigate complex instruments and lower the degree of risk they are often exposed to | There is a limited number of base currency options offered on accounts |
| There is a multitude of social trading opportunities offered | |
| The broker accepts any trading strategy including automated trading, expert advisors, scalping, hedging, and others. |
2. FxPro
Overview
FxPro offers access to Contracts for Difference (CFDs) on 6 asset classes, top-tier liquidity, and advanced trade execution with no dealing desk intervention. Furthermore, FXPro offers access to a range of account types with excellent trading conditions and ultra-fast execution.
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 1321 BWP
Regulators
CySec, FSCA, FCA
Trading Desk
FxPro Trading Platfrom
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
The minimum deposit required to open a FxPro Account is $100 USD. FxPro provides 4 different live trading accounts, Standard, Pro, Raw+, and Elite.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FCA, CySEC, FSCA, SCB |
| ✅ Regulated in Botswana? | No |
| 💵 Minimum Deposit | 1 321 BWP ($100) |
| 📈 Account Types | • FxPro cTrader • FxPro MT4 • FxPro MT5 • Islamic Account • ProEdge |
| 📊 Trading Platforms | • FxPro • MetaTrader 4 • MetaTrader 5 • cTrader • FxPro Edge |
| 📚 Educational Material and Tools | • Educational Content • Demo Account |
| 📱 Research and Features | • Trading Centra • Economic Calendar • VPS • Trading Calculators |
| ✔️ Social and Copy Trading? | Yes |
| 💻 Demo Account? | Yes |
| 📉 Average Starting Spread EUR/USD | 0.4 pips |
| 💰 Commission Charges | $35 per million USD traded |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FxPro offers 70 forex CFDs that can be traded across powerful trading software. | There is a limited number of share CFDs that can be traded. |
| Botswanans can expect low account fees, and several flexible payment options are offered. | There is limited education. |
| FxPro is well-regulated and guarantees client fund protection. | There is no BWP-denominated account. |
| FxPro integrated Trading Central and offers economic calendars, earnings, and calculators. |
3. Tickmill
Overview
Tickmill is a global provider of financial trading services with a focus on contracts for difference (CFDs) on stock indices, commodities, and other asset classes, as well as foreign exchange (Forex).
Tickmill was established in 2015 and is licenced by respected foreign currency market regulators.
Tickmill provides top-notch goods and services and attends to the needs of the most affluent retail and business clients worldwide.
Overall Rating
- 4.7/5
Min Deposit
$100 / 1 343 BWP
Regulators
CySEC, FCA, FSA, FSCA, Labuan FSA
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Excellent trading conditions are offered by Tickmill, including spreads that begin at 0 pip, lightning-fast execution times, and first-rate customer support in more than 15 languages.
The development team at Tickmill is committed to ensuring that the brokerage meets the trading goals and expectations of its current clients while also fostering the brokerage’s long-term growth and expansion.
Tickmill uses cutting-edge trading technologies along with excellent trading conditions. Tickmill only utilises the top-rated and most well-respected liquidity sources, including large banks and hedge funds.
From a variety of gadgets, traders can access robust and adaptable trading platforms like MetaTrader 4 and MetaTrader 5. Additionally, traders will have access to a few client tools, promotions, and advantageous trading circumstances.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSA, FCA, CySEC, Labuan FSA, FSCA |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Botswanan Traders? | Yes |
| 💳 Minimum deposit (BWP) | $100 / 1 343 BWP |
| 📈 Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:500 |
| 👥 Customer Support | 24/5 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| The broker offers commission-free trading across financial instruments | The broker does not accept clients from the United States and some other regions |
| There are powerful trading platforms to choose from | Fixed spread accounts are not offered |
| The broker is well-regulated in several regions | |
| There is a selection of popular financial instruments that can be traded | |
| There are several advanced trading tools offered |
4. FP Markets
Overview
Botswanan citizens are welcome to use FP Markets, which has an average spread starting at 0.0 pip and a round-turn commission fee of US$6 ($3 each side).
The maximum leverage ratio at FP Markets is 1:500, and the company offers demo and Islamic accounts. Platforms like as MT4, MT5, Myfxbook, and FP Markets are supported. With its headquarters in Australia, FP Markets is subject to ASIC and CySEC regulation.
FP Markets has served clients from all around the world since its founding in 2005, providing it vast understanding of the sector. As a significant advantage, FP Markets uses advanced trading technology and electronic bridges to strengthen its offering and fund its innovation.
Overall Rating
- 4.7/5
Min Deposit
100 USD/1 343 BWP
Regulators
ASIC, CySEC, FSCA, CMA
Trading Desk
MetaTrader 4, MetaTrader 5
Crypto
Yes
Total Pairs
63
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
FP Markets is controlled by the Australian Securities and Investments Commission and has its headquarters in Sydney, Australia (ASIC). To cap it all off, FP Markets has increased its selection by opening a branch in European Cyprus, qualifying it for trading across the entire EEA region.
Another important aspect of their service is that FP Markets is well-known for utilizing ECN technology, which offers direct access to liquidity providers via Equinix NY4 Data Centers without dealer interference and executes orders at the greatest possible price within offering for the given asset.
Thus, Botswanan traders can benefit from this technology since it offers extremely quick execution times as well as the most desirable quotations with spreads as low as 0.0 pips.
Unique Features
| Account Feature | Value |
| 💰 Minimum Deposit | 100 USD / 1 343 BWP |
| 📊 Average Spreads | Variable, from 1 pip |
| ✔️ Instruments Available | 60+ Forex pairs, metals, indices, commodities |
| 📈 Maximum Leverage Ratio | 1:500 |
| 📱 Execution Type | ECN |
| 💵 Commissions | None |
| 👥 Expert Advisors Offered? | Yes |
| 📲 Mobile App Offered? | Yes |
| ✔️ VPS Available? | Yes |
Pros and Cons
| ✔️ PROS | ❌ CONS |
| fpmarkets is a well-established Australian broker regulated by ASIC and CySEC | Fixed spreads are not available |
| Botswanan traders can choose from an impressive range of markets that can be traded through powerful platforms | There are withdrawal fees charged on most payment methods that are supported |
| fpmarkets offers comprehensive mobile trading opportunities | There are administration fees which apply to the Islamic accounts and trading |
| Botswanan traders can expect superior ECN pricing that includes raw and tight spreads and low commissions | |
| fpmarkets is known for its fast trade execution that is delivered through the Equinix servers | |
| There are commission-free accounts offered that still feature competitive spreads | |
| There are dedicated Islamic accounts for Muslim traders | |
| fpmarkets offers a range of educational materials and advanced trading tools |
5. markets.com
Overview
Markets.com is considered low risk and can be considered trustworthy and reliable. Markets.com holds a trust score of 97 out of 99 and is operated by Finalto (South Africa) (Pty) Limited, which is regulated by the FSCA.
Overall Rating
- 4.7/5
Min Deposit
100 USD /1 349 BWP
Regulators
CySEC, FSCA, ASIC, FCA, FSC
Trading Desk
MetaTrader 4, MetaTrader 5 Markets.com, proprietary platform
Crypto
Yes
Total Pairs
67
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Markets.com provides all traders with the Classic CFD account, while an upgrade to a professional account is also available. The company also provides the option of a free demo account.
Unique Features
| Feature | Information |
| ⚖️ Regulation | ASIC, CySEC, FSCA, FCA, BVI FSC |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Botswanan Traders? | Yes |
| 💳 Minimum deposit (BWP) | $100 / 1 343 BWP |
| 📈 Average spread from | 0.6 pips EUR/USD |
| 📈 Maximum Leverage | 1:300 |
| 👥 Customer Support | 24/5 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Markets.com is extremely well-regulated | There is an inactivity fee |
| There are commission-free options offered | |
| Markets.com provides advanced trading tools | |
| There is 24/5 dedicated customer support | |
| Botswanans can choose from flexible account types | |
| There is a demo and Islamic account | |
| There are flexible funding and withdrawal options offered |
6. FOREX.com
Overview
FOREX.com is a global FX and CFD broker that forms part of StoneX Group Inc. The StoneX group is a publicly-traded company that meets the highest standards of corporate governance, financial reporting, and disclosure.
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
Forex.com provides 3 live trading account types with flexible pricing models – Standard Account, Commission Account, Direct Market Access Account. Additionally, 2 Demo Account options are also on offer – 100% Risk-Free. An Islamic, Swap-Free account is not available.
Unique Features
| Account Feature | Value |
| 📱 Minimum Deposit Required | 1343 BWP equivalent to $100 |
| 📉 Average Spreads | From 0.2 pips EUR/USD |
| 💻 Commissions Charged | None, only the spread is charged |
| 📊 Minimum Position Size | 0.01 lots (micro lots) |
| 📉 Rebates Added | 2 USD per side up to 100,000 USD |
| 📈 Maximum Leverage | Up to 1:200 |
| 💵 Margin Level for Hedged/Locked Positions | 50% |
| 💸 Execution | NDD and Market Execution |
| 💰 Margin Call | 25% |
| 👥 Stop-Out Levels | 15% |
| 🗣 Algorithmic trading offered? | Yes |
| 📞 Range of Markets Offered | • 36 Forex Pairs • Indices • Precious Metals • Energies • Cryptocurrencies • Shares |
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 world | Inactivity fees will apply to all dormant accounts |
| Botswanan traders can choose from three dynamic retail accounts according to their unique trading needs and objectives | FOREX.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 more | There 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 |
7. Plus500
Overview
Plus500 is a leader in the field of Contracts for Difference (CFDs) and the company delivers trading facilities on not only shares but also forex, commodities, cryptocurrencies, ETFs, options, and indices. Furthermore, Plus500 has a global reach.
Overall Rating
- 4.9/5
Min Deposit
USD100
Regulators
CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA
Trading Desk
WebTrader
Total Pairs
70
Crypto
Yes (Availability subject to regulations)
Trading Fees
Low
Account Activation Time
24 Hours
Plus500 provides 2 different account types, the Demo Account and the Retail Account. Plus500 offers accounts in USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, ZAR, and SGD.
Unique Features
| Feature | Information |
| ⚖️ Regulation | ASIC, FMA, FSCA, FCA, CySEC, FSA, MAS |
| ⚖️ CBN Regulation? | No |
| 📊 Trading Accounts | Standard trading account |
| 📊 Trading Platform | Proprietary mobile trading app mobile devices and web-based trading |
| 💰 Minimum Deposit | 1 343 Botswanan Pula equivalent to $100 |
| 💰 Trading Assets | Forex, Indices, Commodities, Cryptocurrencies, Shares, Options, Exchange-Traded Funds (ETFs) |
| 🔎 Botswanan Pula-based Account? | No |
| 💳 BWP Deposits Allowed? | No |
| 💰 Bonuses for Botswanan traders? | No |
| 📈 Minimum spread | 0.8 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | No |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Plus500 is one of the trusted CFD trading providers in the world | Guaranteed stops are offered at an additional charge |
| Offers 24/7 customer support across several communication channels | There is restricted maximum leverage |
| All Client funds that are deposited with the broker are held in segregated accounts with top-tier banks in regions where Plus500 operates | Inactivity fees are charged |
| There are more than 2,000 financial instruments that can be traded | Trading strategies are limited and expert advisors, automated trading, hedging, scalping, and others, are prohibited |
| All trades are commission-free | There is no desktop platform offered |
| There is negative balance protection applied to the trading account | |
| Trading costs are low and accommodate the financial restrictions that Botswanan traders may have |
How to choose a $100 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 $100 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 / 13,400 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, a $10 minimum deposit is a low barrier to entry for new traders interested in trading the Forex markets. New forex traders can get their feet wet without risking a large sum of money by making such a small initial investment. Traders who want to avoid getting hit with a margin call must ensure that they have a sufficient amount of funds available.
Frequently Asked Questions
What is a good lot size when trading with $100?
Fortunately, most brokers let you to trade in micro units or 0.01 lots, meaning that you can trade with as little as $100.
Can I trade Forex with $100?
Due to the flexibility of margin trading, even a little initial investment of $100 would get you started trading forex.
What is a good leverage ratio to use with $100?
The ratio of one hundred to one is considered by many seasoned market participants to be the optimal leverage for $100. This indicates that your broker will offer $100 for every $100, which translates to the fact that the maximum amount you can trade is $100,000.
Which forex traders offer the best trading platforms for trading with a 100 USD (1 324 BWP) Minimum Deposit?
- AvaTrade
- FxPro
Which forex brokers are best for beginner Botswana Traders?
- AvaTrade
- FxPro
- Tickmill
- FOREX.com
Which brokers offer a sign-up bonus on a 100-dollar minimum deposit for first-time traders in Botswana?
- AvaTrade
- Tickmill
- FOREX.com
Which $100 minimum deposit brokers offer MetaTrader4/MT4 and MetaTrader5/MT5 trading platforms?
- AvaTrade
- FxPro
- Tickmill
- FP Markets
- FOREX.com
- markets.com
Which forex brokers offer a mobile app on IOS and Android for Botswana Traders?
- AvaTrade
- FxPro
- Tickmill
- FP Markets
- markets.com
- FOREX.com
- Plus500
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.
