Exness Review
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 is a CFD Trading Platform?
- 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 offer a sign-up welcome bonus for Botswana traders?
- Which brokers offer a low $5 (64 BWP) minimum deposit?
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…
- Louis Schoeman
CFD Trading Platforms in Botswana
| 🥇 Broker | 💰 Minimum Deposit? | 👉 Open Account | ✔️ CFD Trading Platform Broker? | 💸 Allows Botswana Pula Account? |
| 1. XM | USD 5 / 67 BWP | 👉 Open Account | Yes | No |
| 2. AvaTrade | USD 100 / 1 342 BWP | 👉 Open Account | Yes | Yes |
| 3. Exness | USD 10 / 134 BWP | 👉 Open Account | Yes | Yes |
| 4. HFM | USD 0 / 0 BWP | 👉 Open Account | Yes | No |
| 5. Pepperstone | USD 0 / 0 BWP | 👉 Open Account | Yes | Yes |
| 6. IC Markets | USD 200 / 2 685 BWP | 👉 Open Account | Yes | No |
| 7. eToro | USD 10 / 136 BWP | 👉 Open Account | Yes | No |
10 Best Forex Brokers in Botswana for 2024
Rank
Broker
Review
Regulators
Min Deposit
Official Site
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.
7 CFD Trading Platforms in Botswana
- ✔️ XM – Overall, Best CFD Trading Platform
- ✔️ AvaTrade – Top Broker for Beginner Traders
- ✔️ Exness – Top Mobile App in Botswana
- HFM – Best ECN Broker
- Pepperstone – Top MetaTrader 4/MT4 Broker
- IC Markets – Best CFD Trading Platform
- eToro – Top Social Broker in Botswana
1. XM
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.
Overall Rating
- 4.8/5
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
Total Pairs
57
Islamic Account
Yes
Trading Fees
No (Just spread)
Account Activation Time
24 Hours
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
| Feature | Information |
| ⚖️ Regulation | FSCA, IFSC |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Botswanan Traders? | Yes |
| 💳 Minimum deposit (BWP) | $5 / 67 BWP |
| Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:1000 |
| 👥 Customer Support | 24/5 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Negative balance protection is applied to retail investor accounts | US clients are restricted from accessing XM’s trading services |
| There are several secure payment methods to choose from | There are no fixed spread accounts offered |
| The broker is known for low spreads, low commissions, and reliable trade execution speeds | There 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
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.
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 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
| 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. |
3. Exness
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.
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 are just some of the nations that have issued license 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 specialized 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
| 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 |
4. HFM
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.
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
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 licenses 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
| Features | Information |
| ⚖️ Regulation | FSCA, 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 Time | 2 to 4 working days |
| 💰 Instant Deposits/Withdrawals? | Yes, deposits |
| 💳 BWP-Denominated Account? | No |
| 📱 Minimum Deposit Amount | $0 / 0 BWP |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| HFM is a trusted broker that ensures client fund safety | There are only a few payment methods offered |
| Electronic payment gateways ensure quick deposits | HFM only accepts two deposit currencies |
| HFM does not keep client funds in its broker account | Conversion fees will apply to BWP deposits |
| The deposit is low and affordable, even for beginners | |
| There are flexible deposit methods offered |
5. Pepperstone
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.
Overall Rating
- 4.9/5
Min Deposit
0 USD / 0 BWP
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader and TradeView
Crypto
Yes (Not available in Africa)
Total Pairs
60+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
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 Feature | Value |
| 💰 Minimum Deposit | $0 / 0 BWP |
| 💻 Minimum Trading Size | 0.01 lots |
| 📈 Maximum Trading Size | 100 lots in a single trade |
| 💵 Base Account Currency | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD |
| ✅ Trading Strategies Supported | All including scalping, hedging, and Expert Advisors (EAs) |
| 🗞 News Trading Offered? | Yes |
| ➡️ Trade Execution | No-Dealing Desk (NDD) |
| 📊 Average EUR/USD Spread | From 0.6 pips |
| 💸 Commissions | None |
| 🔃 Rollover Swaps | Yes, 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 Offered | Yes, only for retail clients |
| ✅ Margin Close-Out (%) | 50% |
| 🔨 Trading Instruments offered | 1,200+ |
| 💻 Trading Platforms offered | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Pepperstone offers competitive spreads that start from 0.0 pips on EUR/USD | There 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 fees | There is no BWP-denominated account offered, subjecting Botswanans to currency conversion fees |
| Investor protection is offered to EU clients through the FSCS | There 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
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.
Overall Rating
- 4.7/5
Min Deposit
USD 200 / 2 685 BWP
Regulators
ASIC
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
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 Platform | cTrader |
| 💰 Commission | $3 per side and $6 per round turn |
| 📈 Typical Average Spreads | 0.0 |
| 💳 Minimum Deposit Requirement | 2 685 Botswanan Pula equivalent to $200 |
| 📈 Leverage | 1:500 |
| 📈 Maximum positions per account | 2,000 |
| 🏛️ Server Location | London |
| ✴️ Micro trading allowed? | Yes |
| 📊 Currency Pairs | 64 |
| 📊 Index CFD Trading | Yes |
| 📊 Stop-out | 50% |
| 📈 One-Click Trading offered? | Yes |
| ☪️ Islamic Accounts | Yes |
| 📊 Trading Styles accepted | Scalping, hedging, expert advisors, algorithmic strategies, etc. |
| 💻 Programming Language | C# |
| 👍 Suitable for | Day 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 reputation | There is a higher minimum deposit requirement charged than other brokers |
| There is real raw spread trading offered across several asset classes | Botswanan traders could face currency conversion fees |
| IC Markets offers some of the best spreads in the industry | There is no BWP-denominated account offered |
| Botswanans can choose between MetaTrader 4, MetaTrader 5, and cTrader as their preferred platform | There are no fixed spreads offered by IC Markets |
| There is a choice between three different account types that suit different types of traders | There 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
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.
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
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
| Feature | Information |
| ⚖️ Regulation | CySEC, FCA, ASIC, FinCEN, FINRA, SIPC, DNB, FSA |
| ⚖️ CBN Regulation? | No |
| 📊 Trading Accounts | Retail, Professional |
| 📊 Trading Platform | eToro trading app and web-based platform |
| 💰 Minimum Deposit | 136 BWP equivalent to $10 |
| 💰 Trading Assets | Forex pairs, Commodities, Exchange-Traded Funds (ETFs), Indices, Stocks, Crypto trading, Stocks |
| 🔎 Botswanan Pula-based Account? | No |
| 💳 BWP Deposits Allowed? | No |
| 💰 Bonuses for Botswanan traders? | Yes |
| 📈 Minimum spread | 1 pip EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| eToro has a strict and solid regulatory framework | There are limitations on leverage for retail traders |
| Client fund safety is guaranteed and there is consumer protection offered | There is a limited selection of retail investor accounts |
| eToro offers commission-free trading | Fixed spreads are not offered |
| There are over 2,000 complex instruments that can be traded | The spreads are not the tightest |
| The broker offers several trading opportunities and a social trading feature | There is a high minimum deposit on the Islamic Account |
| There is an award-winning proprietary platform offered | There 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
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
- 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, 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.
Who are the best CFD trading platform brokers for Botswana Traders?
- XM
- AvaTrade
- HFM
- Exness
- eToro
- Pepperstone
- IC Markets
What are Contracts for Difference (CFD) Trading Platforms?
Contracts for Difference (CFD) trading platforms are online platforms that enable traders to engage in CFD trading, a financial derivative allowing them to speculate on the price movements of various financial instruments without owning the underlying assets.
Which CFD brokers are best for beginner traders?
- AvaTrade
- Exness
Which brokers offer a sign-up welcome bonus for Botswana traders?
- XM
- AvaTrade
- HFM
- eToro
Which brokers offer a low $5 (64 BWP) minimum deposit?
- XM
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.
