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7 CFD Trading Platforms in Botswana

The 7 Best CFD Trading Platforms in Botswana revealed. We tested and verified the best CFD trading platforms for Botswana Traders.

This is a complete list of the best CFD trading platform brokers in Botswana.

In this in-depth guide you’ll learn:

  • What are Contracts for Difference (CFD) Trading Platforms? 
  • Who are the best CFD trading platform brokers for Botswana Traders?
  • How to choose a forex broker – Compare them against each other.
  • Which CFD brokers are best for beginner traders?
  • Which brokers can you use with M-PESA?
  • How to deposit as a first-time beginner trader with M-PESA?
  • Which brokers offer a sign-up welcome bonus for Botswana traders?
  • Which brokers offer a low $5 (64 BWP) minimum deposit that also accepts M-PESA?


And lots more…

So if you’re ready to go “all in” with the best-tested CFD Trading brokers for Botswana…

Let’s dive right in…

Updated : November 9, 2022

CFD Trading Platforms in Botswana

🥇 Broker✔️ CFD Trading Platform Broker?💰 Minimum Deposit?💸 Allows Botswana Pula Account? 👉 Open Account
1. XMYes$10 (131 BWP)Yes👉 Open Account
2. AvaTradeYes$1 (13 BWP)Yes👉 Open Account
3. ExnessYes$1 (13 BWP)Yes👉 Open Account
4. HFMYes$5 (64 BWP)No👉 Open Account
5. PepperstoneYes$5 (64 BWP)Yes👉 Open Account
6. IC MarketsYes$5 (64 BWP)No👉 Open Account
7. eToroYes$5 (64 BWP)No👉 Open Account

7 CFD Trading Platforms in Botswana

  1. XM – Overall, Best CFD Trading Platform
  2. AvaTrade – Top Broker for Beginner Traders
  3. Exness – Top Mobile App in Botswana
  4. HFM – Best ECN Broker
  5. Pepperstone – Top MetaTrader 4/MT4 Broker
  6. IC Markets – Best CFD Trading Platform
  7. eToro – Top Social Broker in Botswana

What is a CFD trading platform?

👉 Contracts for Difference, or CFDs, are a type of derivative. A trader and a broker enter into this agreement. Without worrying about the value of the underlying asset, CFDs allow traders to profit from price swings determined by the asset’s movement between trade entry and exit.

 

👉 Buy a certain number of contracts on a market if you think it will rise, and sell them if you think it will fall while trading CFDs. As the underlying market fluctuates, so will the value of your position.

1. XM

Overall Rating

Min Deposit

USD 5 / 67 BWP

Regulators

IFSC, CySec, ASIC

Trading Desk

Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform

Crypto

Yes

Total Pairs

57

Islamic Account

Yes

Trading Fees

No (Just spread)

Account Activation Time

24 Hours

Overview

👉 Foreign exchange, commodities, indices, and stock trading have all been available through XM since the company’s launch in 2009. Trading Point of Financial Instruments Pty Ltd. has begun full operations in 2015.

 

👉 The goal of XM is to give superior, personalised service to each listener. MetaTrader 4 and 5 are two of XM’s most popular trading platforms.

 

👉 Shares Account, XM Ultra-Low Account, Standard Account, and Micro Account are just some of the trading accounts offered by Trading Point of Financial Instruments Ltd. (Cyprus). An Islamic Account is available for clients of this broker.

 

👉 XM offers a zero-pip spread and commissions starting at $1 per share. XM offers a variety of account types, including a demo account, an Islamic account, and a regular account, with a maximum leverage ratio of 1:888.

 

Unique Features

FeatureInformation
⚖️ RegulationFSCA, IFSC
⚖️ CBN RegulationNo
✔️ Accepts Botswanan Traders?Yes
💳 Minimum deposit (NGN)$5 / 66 BWP
Average spread from0.0 pips EUR/USD
📈 Maximum Leverage1:888
👥 Customer Support 24/5

 

Pros and Cons

✔️ Pros❌ Cons
Negative balance protection is applied to retail investor accountsUS clients are restricted from accessing XM’s trading services
There are several secure payment methods to choose fromThere are no fixed spread accounts offered
The broker is known for low spreads, low commissions, and reliable trade execution speedsThere is an inactivity fee applied to dormant accounts
Traders can use hedging, scalping, and expert advisor trading strategies
The broker offers personal customer service to its clients

2. AvaTrade

Overall Rating

Min Deposit

USD 100

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

Overview

👉 When trading from Botswana, clients of AvaTrade benefit from a low average spread of 0.9 pips on the EUR/USD currency pair and zero commission fees. AvaTrade allows you to open either a demo or Islamic account. For both Retail and Professional accounts, the maximum leverage ratio is 1:30 and 1:400, respectively.

 

👉 The broker has deep pockets, provides award-winning customer service (available around the clock and in 14 languages), and genuinely cares about the trader’s satisfaction.

 

👉 AvaTrade offers a wide variety of financial instruments for traders to choose from, including foreign exchange (FX), commodities (including digital currencies), stocks (including shares and indices), metals (including energies), options (including CFDs and ETFs), bonds (including CDOs and ETNs), and a host of other investment vehicles. More than 1250 goods are available for trading on many desktop and mobile trading platforms.

 

Unique Features

FeatureInformation
⚖️ RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA
⚖️ CBN Regulation?No
📊 Trading AccountsRetail Investor Account, Professional Account Option
📊 Trading PlatformAvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade
💰 Minimum Deposit (BWP)$100 / 41,500 BWP
💰 Trading AssetsForeign currencies, Cryptocurrencies, Commodities, Treasuries, Bonds, Indices, Stocks, ETFs, Options, CFDs, Precious Metals
🔎 Botswanan Naira-based Account?No
💳 NGN Deposits Allowed?No
💰 Bonuses for Botswanan traders?Yes
📈 Minimum spread0.9 pips EUR/USD
📊 Demo AccountYes
☪️ Islamic AccountYes
✴️ Social Trading OfferedYes

 

Pros and Cons

✔️ Pros ❌ Cons
AvaTrade is multi-regulated and one of the most trusted online trading brokers in the worldVariable spreads are not offered
There is a wide range of financial instruments that can be traded across financial marketsThere is a limited choice between account types
There are several technical indicators, economic indicators, and other solutions for advanced tradersInactivity fees are applied
There are several trading platforms to choose fromCurrency 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 toThere 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.

3. Exness

Overall Rating

Min Deposit

USD 10

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Overview

👉 Customers from Botswana are welcome at Exness, where the average spread is 0.0 pips and commissions begin at just $0.1 per lot, per side.

 

👉 Besides a maximum leverage ratio of 1:200 and a Muslim account, Exness also offers a free demo account and an Islamic account. Trading platforms MT4 and MT5 as well as Exness are supported.

 

👉 The United Kingdom, the Seychelles, South Africa, the British Virgin Islands, and Curacao are just some of the nations that have issued licences to Exness, a foreign exchange broker. Companies such as Nymstar Limited, Tortelo Limited, and Vlerizo (Pty) Limited are just a few of the illustrious partners with which Exness offers its services.

 

👉 Exness provides a secure and user-friendly trading platform for Botswanan investors on the MT4 and MT5 platforms. They also have access to attractive trading circumstances, including low spreads and Electronic Communication Network (ECN) accounts.

 

👉 Company divisions offer specialised financial services and investment solutions to customers all around the world; the company’s well-known name helps bring in customers of all stripes.

 

Unique Features

FeatureInformation
⚖️ RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA
⚖️ CBN Regulation?No
📊 Trading AccountsStandard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account
📊 Trading PlatformMetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app
💰 Minimum Deposit (₦)41,000 NGN (or equivalent to $10)
💰 Trading AssetsForex minor pairs, forex major pairs, forex exotic currency pairs, Metals, Crypto, Energies, Indices, Stocks
🔎 Botswanan Naira-based Account?No
💳 NGN Deposits Allowed?Yes
💰 Bonuses for Botswanan traders?Yes
📈 Minimum spread0.0 pips EUR/USD
📊 Demo AccountYes
☪️ Islamic AccountYes
✴️ Social Trading OfferedNo

 

Pros and Cons

✔️ Pros❌ Cons
Exness is a reputable international broker authorized by several reputable market regulatorsThere 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 accountsThere 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

4. HFM

Overall Rating

Min Deposit

USD 5

Regulators

CySEC, FSC, CFTC

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

No

Total Pairs

47

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Overview

👉 Residents of Botswana are welcome to trade with HFM, which offers a 0 pip spread and a round-turn commission of $6 to $8.

 

👉 Trading at HFM is permitted with a maximum leverage ratio of 1:1,000. There are also available Islamic and demo accounts. MT4, MT5, and the HF App are all interoperable. The financial regulators that monitor HFM’s operations from its base in Cyprus include the FSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA.

 

👉 Customers of HFM, a CFD broker, can trade commodities and foreign currencies (FX). Whatever trader can use HFM’s limitless liquidity to execute any trading strategy they desire on fully automated trading platforms with access to a range of liquidity providers and spreads, regardless of their size or profile.

 

👉 Opportunities for people all across the world are increased by HFM’s emphasis on and influence in the African, Asian, and MENA regions.

 

👉 Because HFM’s trading service is provided in line with the pertinent licences that govern the Forex market, customers may trust it. Although the broker’s services are available anywhere in the world, HFM was established in 2010 and is headquartered in Cyprus.

 

Unique Features

FeaturesInformation
⚖️ RegulationFSCA, CySEC, DFSA, FSA, FCA, CMA, and FSC, with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions
💸 Minimum Withdrawal Time
📈 Maximum Withdrawal Time2 to 4 working days
💰 Instant Deposits/Withdrawals?Yes, deposits
💳 BWP-Denominated Account?No
📱 Minimum Deposit Amount$5 / 66 BWP

 

Pros and Cons

✔️ Pros❌ Cons
HFM is a trusted broker that ensures client fund safetyThere are only a few payment methods offered
Electronic payment gateways ensure quick depositsHFM only accepts two deposit currencies
HFM does not keep client funds in its broker accountConversion fees will apply to BWP deposits
The minimum deposit is low and affordable, even for beginners
There are flexible deposit methods offered

5. Pepperstone

Overall Rating

Min Deposit

10 USD /122 BWP

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradeView

Crypto

Yes

Total Pairs

60+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Overview

👉 With customers in more than 170 countries and $8.3 billion in daily transactions, Pepperstone is considered as one of the top online trading brokers in the industry.

 

👉 With cutting-edge technology, low spreads, low latency, high speed execution, and award-winning customer care, they give traders access to all markets worldwide.

 

👉 The broker has won various accolades throughout the years, including those for providing consumers with the greatest trading conditions and being a top-notch forex broker in terms of quality, customer support, and cutting-edge technology.

 

Unique Features

Account FeatureValue
💰 Minimum Deposit$130 / 1,700 BWP
💻 Minimum Trading Size0.01 lots
📈 Maximum Trading Size100 lots in a single trade
💵 Base Account CurrencyAUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
✅ Trading Strategies SupportedAll including scalping, hedging, and Expert Advisors (EAs)
🗞 News Trading Offered?Yes
➡️ Trade ExecutionNo-Dealing Desk (NDD)
📊 Average EUR/USD SpreadFrom 0.6 pips
💸 CommissionsNone
🔃 Rollover SwapsYes, according to the market rates
⬆️ Maximum Leverage per region• Australia – 1:30
• Bahamas – 1:200
• Cyprus – 1:30
• Dubai – 1:30
• Germany – 1:30
• Botswana – 1:400
• United Kingdom – 1:30
❌ Negative Balance Protection OfferedYes, only for retail clients
✅ Margin Close-Out (%)50%
🔨 Trading Instruments offered1,200+
💻 Trading Platforms offeredMetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade

 

Pros and Cons

✔️ Pros❌ Cons
Pepperstone offers competitive spreads that start from 0.0 pips on EUR/USDThere are restrictions on the countries that may use Pepperstone’s Islamic account
Pepperstone is well-regulated and offers an extremely secure trading environment with transparent trading feesThere is no BWP-denominated account offered, subjecting Botswanans to currency conversion fees
Investor protection is offered to EU clients through the FSCSThere are additional administrative fees applied to the Islamic account
Pepperstone offers a choice between some of the best trading platforms
Negative balance protection is offered for clients in certain regions
There is an Islamic account offered to Muslim traders
There is a demo account offered by Pepperstone
There are several trading tools offered

6. IC Markets

Overall Rating

Min Deposit

USD 200

Regulators

ASIC 

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

65

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Overview

👉 Botswanan citizens are welcome to use IC Markets, which offers an average spread starting at 0.0 pips and a round-turn commission of $6 or $7. The maximum leverage ratio at IC Markets is 1:500, and the company offers both a demo account and an Islamic account. Platforms like MT4, MT5, and cTrader are supported. With its headquarters in Australia, IC Markets is subject to ASIC, CySEC, FSA, and SCB regulation.

 

👉 IC Markets was founded in 2007 by a group of Sydney, Australia-based financial sector professionals to offer trading solutions to both retail and institutional clients. By bridging the gap between the two sorts of clients, IC Markets does this.

 

👉 In recent years, IC Markets has expanded to rank among Australia’s top trading platforms. Additionally, they have grown beyond; they now provide services to European and worldwide businesses, have a Chinese Support centre, and offer trading terms that are genuinely advantageous.

 

👉 The biggest genuine electronic communication network (ECN) trading broker in the world is IC Markets. Customers of the organisation have access to the most well-liked trading platforms and a wide range of trading commodities that can be used to transact in a number of markets.

 

Unique Features

Account Feature
Value
💻 Trading PlatformcTrader

💰 Commission$3 per side and $6 per round turn
📈 Typical Average Spreads0.0
💳 Minimum Deposit Requirement83,000 Botswanan Naira equivalent to $200
📈 Leverage1:500
📈 Maximum positions per account2,000
🏛️ Server LocationLondon
✴️ Micro trading allowed?Yes
📊 Currency Pairs64
📊 Index CFD TradingYes
📊 Stop-out50%
📈 One-Click Trading offered?Yes
☪️ Islamic AccountsYes
📊 Trading Styles acceptedScalping, hedging, expert advisors, algorithmic strategies, etc.
💻 Programming LanguageC#
👍 Suitable forDay traders, scalpers, active traders
📊 Demo Account offered?Yes

 

Pros and Cons

✔️ Pros❌ Cons
IC Markets is a multi-regulated forex and CFD broker with a decent trust score and a low-risk reputationThere is a higher minimum deposit requirement charged than other brokers
There is real raw spread trading offered across several asset classesBotswanan traders could face currency conversion fees
IC Markets offers some of the best spreads in the industryThere is no BWP-denominated account offered
Botswanans can choose between MetaTrader 4, MetaTrader 5, and cTrader as their preferred platformThere are no fixed spreads offered by IC Markets
There is a choice between three different account types that suit different types of tradersThere is no proprietary trading platform, or an app offered by IC Markets
There are no hidden fees and IC Markets is one of the best options for high volume trading because it has a long list of liquidity providers
There is a free demo account offered
There is an Islamic account option offered to Muslim traders

7. eToro

Overall Rating

Min Deposit

USD 50

Regulators

CySec, FCA 

Trading Desk

None

Crypto

Yes

Total Pairs

47

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.

Overview

👉 A team of businesspeople created eToro in January 2007 with the goal of enabling trading for everyone without the need of conventional banking institutions. The leaders of eToro, Yoni and Ronen Assia, have put together a team of seasoned professionals in technology and finance to run the business.

 

👉 Botswanan citizens are welcome to use eToro, which has a standard spread starting at 1 pip and no commission fees. The maximum leverage ratios on eToro are 1:30 for retail accounts and 1:400 for pro accounts. Demo and Islamic accounts are also offered.

 

👉 The eToro proprietary platforms are compatible with mobile and web browsers. Tel Aviv-Yafo, Israel is home to eToro, which is overseen by CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, and SIPC.

 

Unique Features

FeatureInformation
⚖️ RegulationCySEC, FCA, ASIC, FinCEN, FINRA, SIPC, DNB, FSA
⚖️ CBN Regulation?No
📊 Trading AccountsRetail, Professional
📊 Trading PlatformeToro trading app and web-based platform
💰 Minimum Deposit (₦)83,000 NGN equivalent to $200
💰 Trading AssetsForex pairs, Commodities, Exchange-Traded Funds (ETFs), Indices, Stocks, Crypto trading, Stocks
🔎 Botswanan Naira-based Account?No
💳 NGN Deposits Allowed?No
💰 Bonuses for Botswanan traders?Yes
📈 Minimum spread1 pip EUR/USD
📊 Demo AccountYes
☪️ Islamic AccountYes
✴️ Social Trading OfferedYes

 

Pros and Cons

✔️ Pros❌ Cons
eToro has a strict and solid regulatory frameworkThere are limitations on leverage for retail traders
Client fund safety is guaranteed and there is consumer protection offeredThere is a limited selection of retail investor accounts
eToro offers commission-free tradingFixed spreads are not offered
There are over 2,000 complex instruments that can be tradedThe spreads are not the tightest
The broker offers several trading opportunities and a social trading featureThere is a high minimum deposit on the Islamic Account
There is an award-winning proprietary platform offeredThere is an inactivity fee charged on dormant accounts
eToro offers 24/6 dedicated customer services
eToro offers a demo account and an Islamic Account
Algorithmic trading and margin trading supported
Real time quotes are offered alongside a wide range of benefits
The mobile app is secure and features robust security such as two-factor authentication
The app can be used as a wallet app for digital currencies
Offers several resources that help traders make improved financial decisions with confidence
Offers several helpful tools and services as a solid basis for investment decision along with investment advice
Provides access to several popular cryptocurrencies that can be traded and crypto staking services
There is a comprehensive portfolio management service and popular investor program offered

How to choose a CFD Trading Platform in Botswana

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 CFD Trading Platforms 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

Min Deposit

USD 5

Regulators

FCA UK

Trading Desk

None

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

Min Deposit

USD 100

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

cfd trading platforms in botswana Featured Image

Overall Rating

Min Deposit

Regulators

Trading Desk

Crypto

Yes

Total Pairs

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

Min Deposit

USD 10

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

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

Min Deposit

USD 5

Regulators

CySEC, FSC, CFTC

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

No

Total Pairs

47

Islamic Account

Yes

Trading Fees

Low

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

Min Deposit

USD 50

Regulators

CySec, FCA 

Trading Desk

None

Crypto

Yes

Total Pairs

47

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.

👉 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

Min Deposit

Regulators

Trading Desk

Crypto

Yes

Total Pairs

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

Min Deposit

USD 250 / 3 320 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

Min Deposit

USD 10 / 134 BWP

Regulators

CySec, FSCA 

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

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

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Overall Rating

Min Deposit

USD0

Regulators

IGRs

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

80

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on IG Group’s website

👉 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

Min Deposit

$50 / 660 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

Min Deposit

USD 10

Regulators

IFSC

Trading Desk

Meta Trader 4

Crypto

Yes

Total Pairs

32

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

Min Deposit

Regulators

Trading Desk

Crypto

Yes

Total Pairs

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.

Conclusion

👉 Overall, When the thorough study is done on a CFD Trading Platform, trading through one can offer Botswanan traders huge rewards. Traders should have a solid trading plan and risk management strategy in place before using a CFD Trading Platform.

Frequently Asked Questions

Are CFDs a good way to trade?

Day traders find CFDs appealing because they can employ leverage to trade more expensive-to-buy-and-sell assets. Owing to lax industry regulation, potential lack of liquidity, and the requirement to maintain a sufficient margin due to leveraged losses, CFDs can be highly dangerous.

 

Is CFD trading good for beginners?

Yes, CFD trading has the potential to be rewarding, but only if you do your homework and place wise, well-informed trades.

 

How much money do you need to start CFD trading?

A minimum deposit can be made on indices, shares, foreign exchange pairings, cryptocurrencies, and commodities, and it can be as low as $100 to $500.

 

How long can you hold CFDs for?

Unlike other trades (energy, housing prices, essentially future trades), CFD shares don’t expire every three months. Instead, you can keep a contract for difference for as long as you choose on the majority of marketplaces.

 

How do I trade CFDs successfully?

It is important to have a solid risk-adjusted strategy when trading CFDs.

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.

10/10 - (1 vote)

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