10 Best cTrader Brokers in Botswana
The 10 Best cTrader Forex Brokers for Botswanans revealed. We tested the best cTrader forex brokers for Botswana Traders.
This is a complete guide to cTrader brokers in Botswana.
In this in-depth guide you’ll learn:
- What is a cTrader Forex Broker?
- Which cTrader Forex Brokers are best for Botswana traders?
- Which cTrader forex brokers offer mobile apps for IOS and Android devices in Botswana?
- How to compare the best cTrader forex brokers against each other.
- Which cTrader forex brokers are best for beginner Botswana Traders?
- Which brokers offer a sign-up bonus for first-time traders in Botswana?
- Which brokers offer a low minimum deposit of $5 (64 BWP) to start trading?
- Which cTrader forex brokers offer low leverage to Botswana traders?
And lots more…
So if you’re ready to go “all in” with the best-tested cTrader Forex Brokers…
Let’s dive right in…
- Louis Schoeman
10 Best cTrader Brokers in Botswana
- FIBO Group – Overall, Best cTrader Broker in Botswana
- Axiory – Top Low Spread Broker
- FXPRIMUS – Best CySEC Forex Broker in Botswana
- MultiBank Group – Top cTrader ECN Broker
- Skilling – Lowest Minimum Deposit cTrader Broker
- Fondex – Lowest Commission Fees in Botswana
- Pepperstone – Best Mobile Trading App
- FxPro – Top CFD Broker in Botswana
- IC Markets – Top MetaTrader 4/MT4 cTrader Broker
- Tradeview – Best Security for cTrader Broker
What is cTrader, and what sets it apart from other platforms?
👉 In addition to its superior charting features, sophisticated order types, level II pricing, and lightning-fast entry and execution, cTrader is a major reason Forex and CFD traders choose it as their platform.
👉 It has a beautiful UI, is linked to innovative backend infrastructure, and is accessible from various devices. cTrader was developed by Spotware to satisfy novice and expert traders with its range of features.
👉 Traders can easily use sophisticated order types and better understand their orders. Although cTrader has only been around for a short time compared to other trading platforms, it has won the hearts of many investors.
👉 When using cTrader as opposed to MetaTrader, the charts may be rearranged in many windows and exported to a mobile device. In addition, every chart window in cTrader is independent, so you may create numerous and track several markets simultaneously.
👉 That leaves much room for customization, including size, timeline, colour, and more. Thus, when Botswanans are limited to a single monitor, this is a lifesaver.
👉 A coloured symbol is another helpful feature that allows you to simultaneously modify the timeframe of all active symbol charts. As a result, this may make it simpler for investors to identify inter-instrument relationships.
👉 The MT4 development team has long since abandoned its trading platform. However, the cTrader team is working hard on improvements even as we speak.
👉 Furthermore, MT4 was supplanted by the more advanced MetaTrader 5 trading platform, which was marketed as a multi-asset trading platform.
1. FIBO Group
Overview
👉 FIBO Group was established in 1998 and is a CySEC-regulated NDD broker that provides support for MT4, MT5, and cTrader across 6 distinct account types.
👉 The average spread on the EUR/USD pair is 0.3 pips, the minimum deposit is $50, and the maximum leverage is 1:400 with a single cTrader account. This account’s commission is 3 USD for each lot, which is less than the market standard.
👉 Due to its low minimum deposit and competitive pricing, FIBO Group stands out among cTrader brokers.
👉 FIBO Group has tried to offer as many financing ways as possible. However, deposits and withdrawals can be extremely sluggish and costly. Therefore, like many other brokers, they accept bank wire, Visa/Mastercard, e-wallets (like Neteller and Skrill), and credit cards.
👉 In addition to Bitcoin, Ethereum, and XRP, FIBO Group accepts a plethora of other cryptocurrencies for deposits and withdrawals. Furthermore, Botswanans who trade with FIBO Group can choose from 6 retail trading accounts, of which one is a dedicated cTrader NDD account.
👉 To use the cTrader NDD Account, Botswanans must pay a 650 BWP / 50 USD minimum deposit. After that, they can expect spreads from 0.0 pips and commissions from 0.003% of the transaction amount.
Unique Features and Trading Conditions
| Feature | Information |
| ⚖️ Regulation | BVI FSC |
| ✅ Regulated in Botswana? | No |
| 💵 Minimum Deposit | 650 BWP ($50) |
| 📈 Account Types | • MT4 NDD • MT4 Cent • MT4 NDD No-Commission • MT4 Fixed • MT5 NDD • cTrader NDD |
| 📊 Trading Platforms | • MetaTrader 4 • MetaTrader 5 • cTrader • cTrader Copy |
| 📚 Educational Material and Tools | • Video Courses • Forex for beginners |
| 📱 Research and Features | • Market Analysis • Forecasts • Economic Calendar • Interest Rates • Trading Session |
| ✔️ Social and Copy Trading? | Yes |
| 💻 Demo Account? | Yes |
| 📉 Average Starting Spread EUR/USD | 0.0 pips |
| 💰 Commission Charges | 0.003% of the transaction amount |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Quick and convenient deposit and withdrawal methods. | There is a limited range of non-forex instruments. |
| Professionals manage trading and investment accounts. | Botswanans cannot trade individual stocks. |
| Plenty of options for currency exchange instruments. | To gain access to the best trading conditions, Botswanans need to consider more premium accounts that require larger deposits. |
| NDD execution and reasonable spreads. | There is no FIX API connectivity offered. |
| They can provide service in several languages thanks to a global network of offices. | |
| Trading platforms and other technological innovations are at the forefront of innovation. | |
| Trade in a variety of account types suitable for your trading style. |
2. Axiory
Overall Rating
- 4.8/5
Min Deposit
10 USD / 133 BWP
Regulators
IFSC, MFSC and FSC
Trading Desk
MetaTrader4, MetaTrader5, CopyTrade and cTrader
Crypto
No
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 Axiory stands out as one of the finest cTrader brokers due to its alternatives to traders of various hues. The accounts available on this trading platform are Nano, Standard, Max, Tera, and Alpha.
👉 Nano accounts could expect average EUR/USD spreads as low as 0.3 pips, but they incur a fixed $8 transaction charge. Standard accounts have an average EUR/USD spread of 1.3 pips, while Max accounts have an average spread of 0.2.
👉 The Tera Account has spreads from 0.3 pips, an overall 8 USD trading cost considering that commissions of 0.04 USD are charged on CFDs at a minimum of 6 USD. Lastly, the Alpha Account does not have a minimum deposit or a spread but has a commission fee of $1.5 per lot.
👉 These accounts do not charge any fees for trading Forex or CFDs. In addition, the Max account offers leverage of up to 1:777, which is higher than other cTrader brokers provide.
👉 The Max account, which provides negative balance protection on all balances, has the lowest minimum deposit requirement of the three, requiring just 130 BWP / 10 USD.
👉 In addition to providing CFD trading on equities, commodities, and indices, Axiory provides 62 forex pairs that can be traded.
👉 Even if the broker’s average transaction execution speed is slower than other cTrader brokers, at 135 milliseconds, it is still a decent speed. In addition, the degree of knowledge included in Axiory’s educational resources is extraordinary.
👉 In addition to frequent market news briefings and webinars, the platform offers a trading school that provides beginners with a crash course in CFD trading.
Unique Features and Trading Conditions
| Feature | Value |
| 💳 Minimum Deposit Requirement | $10 / 190 BWP |
| 📈 Platforms Available for Account Type | MetaTrader 4 |
| 📊 Average Spreads on Major Forex Pairs | None |
| 🚀 Maximum Leverage Ratio | 1:777 |
| 🔎 Commission Charges on Trades | From $1.5 per lot |
| 📈 Commissions on Stock CFDs | None |
| 💰 Account Base Currency Options | EUR or USD |
| 🔨 Negative Balance Protection Offered | No |
| 💸 Minimum Forex Trading Volume | 1 Lot |
| 💵 Islamic Account Conversion Offered? | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Axiory is well-regulated and a member of the Financial Commission | Botswana traders do not have access to local deposit and withdrawal options |
| Axiory guarantees client fund safety and provides investor protection | Botswana Pula is not a supported base account currency |
| Traders have a choice between retail investor accounts and powerful trading platforms | Botswana cannot deposit funds in local currency |
| There is a range of tradable instruments offered | Crypto trading is not supported |
| There is an Islamic account offered and an unlimited demo account | There are holding commissions applied to the Islamic Account |
| There is unlimited access to AutoChartist | |
| Traders can use a range of trading strategies | |
| The broker accepts Botswana traders |
3. FXPRIMUS
Overview
👉 FXPRIMUS was established in 2009 and is headquartered in Cyprus. Primus Markets INTL Limited is governed by VFSC, whereas Primus Global Ltd. is overseen and governed by CySEC.
👉 Primus Worldwide LTD operates FXPRIMUS as a global online financial trading platform and multi-asset broker. It provides online forex trading, commodities, energy, and indices to its retail and professional clientele.
👉 FXPRIMUS’ trading platform support is among the finest in the business, with MT4, MT5, and cTrader all accessible. In addition, FXPRIMUS is renowned for providing one of the quickest and most secure online trading environments.
👉 In addition, it provides various trading tools, such as a VPS service for an additional fee, FIX API, and premium trader tools.
👉 The entry-level accounts offered by FXPRIMUS accommodate novice traders with a minimum deposit of 15 USD, spreads from 1.5 pips on EUR/USD, which is wider than other brokers, but with commission-free trading.
👉 Its other accounts provide favourable spreads that appeal to seasoned traders, but these accounts need larger minimum deposits. As a result, Botswanans can trade as low as 0.01 lot with FXPRIMUS, depending on the sort of account they use.
👉 FXPRIMUS allows a maximum of 80 lots per transaction, and the broker is one of the few claiming to have a no-requotes policy. Therefore, there is no danger of slippage, which often involves transactions being completed at a price that differs from the price at which they were ordered.
Unique Features and Trading Conditions
| Feature | Information |
| ⚖️ Regulation | VFSC, CySEC |
| ✅ Regulated in Botswana? | No |
| 💵 Minimum Deposit | 190 BWP ($15) |
| 📈 Account Types | • Primus Cent • Primus Classic • Primus Pro • Primus Zero |
| 📊 Trading Platforms | • MetaTrader 4 • MetaTrader 5 • cTrader |
| 📚 Educational Material and Tools | • Articles • Educational Videos |
| 📱 Research and Features | • Calculators • Calendars • FIX API • VPS |
| ✔️ Social and Copy Trading? | Yes |
| 💻 Demo Account? | Yes |
| 📉 Average Starting Spread EUR/USD | 0.0 pips |
| 💰 Commission Charges | 5 USD |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FXPRIMUS is regulated by the reputable Tier-2 broker CySEC and falls within MiFID oversight. | There is a limited range of tradable financial instruments. |
| FXPRIMUS has a low minimum deposit of 190 BWP / 15 USD. | FXPRIMUS is not regulated by any Tier-1 entities. |
| There are several account types, depending on the trader’s trading skill and strategies. | |
| FXPRIMUS has been operating since 2009 and has built a good reputation in the industry. |
4. MultiBank Group
Overview
👉 MultiBank Group is a broker that has been in business since 2005. They provide trading in foreign exchange as well as Contracts for Difference (CFDs) on equities (stocks, indices, and cryptocurrencies).
👉 MultiBank Group’s order execution is based on an electronic communication network (ECN) rather than a dealing desk, and its most popular platform is MetaTrader. MultiBank Group is a global banking institution with over 20 locations and regulatory approval on five continents.
👉 Currency pairs, metals, stocks, indexes, and commodities are just some things you may trade with MultiBank. In addition, if you are a broker and are interested in a collaboration, we can offer a “white label” partnering program.
👉 MultiBank Group is competitive in important areas like trading-related fees and provides excellent customer service as a top focus. In addition, they stand out from other CFD brokers because of their extensive selection of over 20,000 equity CFDs.
👉 To further ensure the safety of its customers, MultiBank Group has secured insurance coverage of up to $1 million from Lloyd’s of London.
👉 All orders are routed over an electronic communications network (ECN) to more than 20 interbank liquidity providers under MultiBank Group’s non-dealing desk approach to order execution.
👉 MultiBank Group offers three account types: spreads from 0.0 pips and commissions from 3 USD per side on Forex majors.
Unique Features and Trading Conditions
| Feature | Information |
| ⚖️ Regulation | ASIC, AUSTRAC, BaFIN, CIMA, ESCA, FSC, VFSC, TFG, MAS, FMA |
| ✅ Regulated in Botswana? | No |
| 💵 Minimum Deposit | 650 BWP ($50) |
| 📈 Account Types | • Standard • Pro • ECN |
| 📊 Trading Platforms | • MetaTrader 4 • MetaTrader 5 • cTrader App |
| 📚 Educational Material and Tools | None |
| 📱 Research and Features | • Trading Tools • Trading Hours and Holidays • Scalping Policy • Economic Calendar • Expiration Dates • VPS • FIX API • EAs |
| ✔️ Social and Copy Trading? | Yes |
| 💻 Demo Account? | Yes |
| 📉 Average Starting Spread EUR/USD | 0.0 pips |
| 💰 Commission Charges | 3 USD on Forex |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| MultiBank Group offers three dynamic account types with competitive trading conditions. | There are no educational materials offered on the official MultiBank Group. |
| Deposits and withdrawals are fee-free. | There is an inactivity fee charged on dormant accounts. |
| All trading accounts are insured up to 1 million USD, and MultiBank is well-regulated by trusted entities. | |
| Botswanans can trade a large range of Share CFDs and other instruments. | |
| VPS and FIX API are offered to traders. | |
| Social trading is provided to Botswanan traders. |
5. Skilling
Overview
👉 Skilling, founded in 2016, is a fintech firm owned by the Scandinavian region that focuses on foreign exchange and contracts for difference (CFDs) trading online and is regulated by the Financial Services Authority of Seychelles (FSA) and the Cyprus Securities and Exchange Commission (CySEC).
👉 Skilling is user-friendly, with four different account types, excellent market conditions, a wide variety of assets to trade, and a wide selection of trading terminals. As a result, anyone, from novices to seasoned traders, can carry out forex and CFD trading securely on Skilling’s platform.
👉 The spreads on Skilling’s Standard Accounts, which demand a minimum deposit of 1,300 BWP / €100, are narrower than those on entry-level accounts at rival brokers.
👉 While the Premium Account’s fee is just $30 for each $1,000,000 traded, the minimum deposit is 5000 EUR, making it unattainable for most novice traders. Support for the popular MT4 platform is also there, along with that of the innovative cTrader, and Skilling’s own unique trading platform.
👉 If you have a market execution account, cTrader is your trading platform. Unlike any other broker, Skilling has collaborated with cTrader’s developers, Spotware, to incorporate cTrader into Skilling’s own trading platform fully.
👉 The full suite of order types, price alerts, trade analysis, and symbol watchlists are all present and accounted for on the cTrader mobile app, just as they are in the desktop version.
Unique Features and Trading Conditions
| Feature | Information |
| ⚖️ Regulation | FSA, CySEC |
| ✅ Regulated in Botswana? | No |
| 💵 Minimum Deposit | 1,300 BWP (€100) |
| 📈 Account Types | • Standard Account • Premium Account • MT4 Account • MT4 Premium Account |
| 📊 Trading Platforms | • Skilling Trader • cTrader • MetaTrader 4 • Skilling Copy • TradingView |
| 📚 Educational Material and Tools | • Leverage Information • What is CFD Trading? • What is Forex Trading? |
| 📱 Research and Features | • Trading Articles • Rollover Products • MAM/PAMM |
| ✔️ Social and Copy Trading? | Yes |
| 💻 Demo Account? | Yes |
| 📉 Average Starting Spread EUR/USD | 0.1 pips |
| 💰 Commission Charges | $30 per million base currency traded |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Skilling is an NDD broker with STP and ECN execution and pricing. | Skilling lacks Tier-1 regulation. |
| There is dedicated 24/5 customer support. | There is a limited educational section. |
| There are competitive trading conditions with tight spreads and reasonable commission fees. | |
| Botswanans can expect exchange pricing when they trade cryptocurrencies. | |
| Botswanans can expect some of the best trading environment via MetaTrader, Skilling Trader, and cTrader. |
6. Fondex
Overview
👉 With headquarters in Cyprus and oversight from the CySEC and the Financial Services Authority of Seychelles, Fondex is an exclusive cTrader broker.
👉 Fondex’s commission fee is 2.5 USD per lot traded, which is lower than the industry standard of 3.5 USD. As a result, the spreads are varied and narrow, sometimes from 0.0 pips on the EUR/USD.
👉 The cheap fees and the high leverage (1:500) available at Fondex make it a competitive cTrader broker. However, if you want to trade on Fondex, you may expect to pay a fee since the company passes through raw spreads from its liquidity providers.
👉 The average daily movement of the Euro/Dollar pair is 0.28 pips. In contrast, the average daily movement of the Pound/U.S.-Dollar pair is 0.71 pips.
👉 Fondex’s dedication to openness is especially applaudable because of its clear charts demonstrating the spread’s evolution over time for each instrument.
👉 Traders could save even more money with Fondex’s rapid, free deposits, withdrawals, and round-the-clock, multilingual support.
Unique Features and Trading Conditions
| Feature | Information |
| ⚖️ Regulation | FSA |
| ✅ Regulated in Botswana? | No |
| 💵 Minimum Deposit | 0 BWP ($0) |
| 📈 Account Types | Fondex Trading Account |
| 📊 Trading Platforms | cTrader |
| 📚 Educational Material and Tools | • Educational Material • Glossary • FAQ • Analysis Material |
| 📱 Research and Features | • Fondex News • Market News • AutoChartist |
| ✔️ Social and Copy Trading? | Yes |
| 💻 Demo Account? | Yes |
| 📉 Average Starting Spread EUR/USD | 0.5 pips |
| 💰 Commission Charges | None |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Fondex has a decent range of assets that can be traded. | There is a lack of education. |
| Botswanans need not pay a minimum deposit when registering a trading account. | Fondex does not have any reputable Tier-1 or Tier-2 regulations. |
| Botswanans have access to cTrader via a single retail trading account. | There is only one trading account. |
| Fondex offers traders advanced technical charting. | There is no choice between trading platforms. |
7. Pepperstone
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
Overview
👉 Pepperstone provides traders access to many account types, such as Forex and CFD Trading accounts. In addition, traders may choose between the Razor and Standard CFD Trading accounts. Spreads start at 1 pip, and commissions are waived with the Standard account.
👉 Traders using the Razor account may take advantage of commission-free trading with spreads starting at 0 pips and a round-turn fee rate of GBP4.59 per round-turn per 100k transacted.
👉 With minimal costs and institutional grade spreads, Forex, equities, indices, commodities, and even cryptocurrencies may all be traded via various financial CFD products. The broker is quite pleased with its sub-30ms execution times.
👉 Traders can take advantage of all cTrader’s features, including level II market depth, advanced order execution and functionality, access to cTrader Automate and the FIX API, and a wide variety of built-in technical trading indicators, timeframes, chart types, and more.
Unique Features and Trading Conditions
| 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 |
8. FxPro
Overview
👉 As a reputable CFD broker, FxPro provides market execution on cTrader (in addition to NDD execution on MT4, MT5, and its browser-based trading platform) for various assets.
👉 Tight spreads on 70+ Forex pairs, indices, commodities, and energies are available with a minimum investment of only $100 in a cTrader account. Commissions start at 4.50 USD, and the spread on the EUR/USD fluctuates between 0.30 pips on average (9 USD round turn).
👉 Trades are often completed in about 10 milliseconds, and just 9% of orders had negative slippage. FxPro’s cTrader account does not requote trades and will only fully fulfil orders if sufficient liquidity is available.
👉 In addition to the native cTrader Automate and API capabilities, FxPro provides a selection of Trading Central technical analysis indicators for cTrader and a free VPS service.
Unique Features and Trading Conditions
| Feature | Information |
| ⚖️ Regulation | FCA, CySEC, FSCA, SCB |
| ✅ Regulated in Botswana? | No |
| 💵 Minimum Deposit | 1,300 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. |
9. IC Markets
Overall Rating
- 4.7/5
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
👉 IC Markets was designed specifically for high-frequency trading, Robo-trading, and ultra-fast day trading. This platform offers typical execution rates under 40 milliseconds and provides traders with a VPS (virtual private server) with minimal latency.
👉 In addition, IC Markets provides raw spreads that begin from 0.0 pips. In addition, there are no requotes or minimum trading volume requirements to get these narrow spreads.
👉 The IC Markets cTrader Raw Spread Account is of relevance to cTrader customers. This account has some of the largest spreads among Forex brokers worldwide.
👉 In addition, the IC Markets cTrader server has an average latency of fewer than 1 millisecond to major VPS providers collocated in the LD5 IBX data centre or connected to adjacent data centers through dedicated lines.
👉 This low latency is perfect for High-Frequency Trading, automated trading, and scalping. In addition, IC Markets obtains prices from 25 liquidity providers, providing minimal spreads 24/7.
Unique Features and Trading Conditions
| Account Feature | Value |
| 💻 Trading Platform | cTrader |
| 💰 Commission | $3 per side and $6 per round turn |
| 📈 Typical Average Spreads | 0.0 |
| 💳 Minimum Deposit Requirement | 3850 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 |
10. Tradeview
Overview
👉 Since its founding in 2004, Tradeview has dominated the direct electronic market access space in the global foreign currency and equity markets.
👉 Tradeview’s state-of-the-art trading platforms account security, and multi-jurisdictional customer support services have put it at the forefront of the online financial services industry since its inception.
👉 Complete STP functionality ensures near real-time order processing. In addition, the platform caters to expert traders by providing a set of 70 indicators, 26 chart time frames, and level II pricing.
👉 Specifically, cTrader links up with Tradeview’s Cutting-Edge Liquidity Connector, which provides access to a network of more than 50 banks and prime liquidity providers.
👉 14 language support, with a zero-pip spread. Copy (formerly cMirror) is a feature available on the cTrader platform. Professional money managers’ techniques are available here for you to mimic.
Unique Features and Trading Conditions
| Feature | Information |
| ⚖️ Regulation | CIMA |
| ✅ Regulated in Botswana? | No |
| 💵 Minimum Deposit | 1,300 BWP ($100) |
| 📈 Account Types | • Innovative Liquidity Connector • X Leverage Account |
| 📊 Trading Platforms | • MetaTrader 4 • MetaTrader 5 • cTrader • Currenex |
| 📚 Educational Material and Tools | None |
| 📱 Research and Features | • Pivots calculator • Forex Resources • Economic Calendar • Institutional Services |
| ✔️ Social and Copy Trading? | Yes |
| 💻 Demo Account? | Yes |
| 📉 Average Starting Spread EUR/USD | 0.0 pips |
| 💰 Commission Charges | $5 per round turn |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Tradeview offers a choice between several trading platforms, including MT4, Currenex, cTrader, and MT5. | There are expensive withdrawal fees charged on bank transfers. |
| Botswanans can expect several social and copy-trading opportunities. | Tradeview is only regulated by a single Tier-3 entity with low trust. |
| Several asset classes can be traded. | There are limited educational materials for beginners. |
| Tradeview’s spread starts from 0.0 pips EUR/USD. | Botswanans cannot register a BWP-denominated account. |
How to Choose the Right 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 Forex 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 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
- 4.9/5
Min Deposit
USD 100/ 1881 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 / 188 BWP
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
- 4.8/5
Min Deposit
USD 0
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
- 4.8/5
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
- 4.6/5
Min Deposit
USD 0
Regulators
FCA
Trading Desk
MT4
Crypto
Total Pairs
300
Islamic Account
Trading Fees
Account Activation
👉 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 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
- 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 250 / 4702 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
$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
- 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
- 4.6/5
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
👉 cTrader is an extremely innovative and powerful trading platform. In addition, if you want to use cTrader, you can easily choose from several trustworthy brokers that adhere to strict industry standards, ensuring the safety of your information and funds.
👉 However, you must ensure that the cTrader broker you choose meets all your requirements and that the broker is a good fit for your individual trading style and goals.
FAQ
Can Botswanans trade stocks with cTrader?
cTrader is a Multi-Asset-Class CFD trading platform that covers a vast array of markets, including Stocks, Indices, Commodities, Forex, and Exchange Traded Funds, among others.
Why is cTrader one of the best platforms for Botswanans?
You can utilize the many tools available on the cTrader platform for manual trading, market analysis, automated trading, and copy-trade strategies.
Is cTrader suitable for Botswanan forex scalpers?
cTrader’s Smart Scalping Tool is a virtual panel with shortcut buttons that speeds up placing, cancelling, and managing orders. Total Risk Management at your fingertips; optimized for scalping Forex, Indices, Crypto, and Shares.
How can Botswanan traders link their broker account with cTrader?
Your broker account(s) are associated with your cTID without any further action required from you. When you enter your cTID into cTrader, your trading accounts with each broker will launch mechanically.
Can Botswanans trade cryptocurrency with cTrader?
Some crypto CFD brokers provide the cTrader platform for trading crypto CFDs, such as BTC/USD or LTC/USD, and Forex and CFDs based on other assets.
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.
