7 Best FTSE 100 Brokers in Botswana
The 7 Best FTSE 100 Index Forex Brokers in Botswana revealed. We tested and verified the best FTSE Index forex brokers for Botswana Stock Traders.
This is a complete list of the Best FTSE one hundred index forex brokers in Botswana.
In this in-depth guide you’ll learn:
- What is the FTSE 100 Index?
- How to trade and invest on the FTSE Index?
- Who the best FTSE Brokers are for Kenyan Traders?
- How to choose a forex broker for your trading style.
- What is a shared cast?
- What is the FTSE all-share index?
- Which broker offers a sign-up bonus for first-time traders?
- Which broker offers a low minimum deposit of $5 (64 BWP)?
And lots more…
So if you’re ready to go “all in” with the best UK FTSE 100 brokerages for Botswanans…
Let’s dive right in…
- Louis Schoeman
Best FTSE 100 Brokers in Botswana
| 🏛️ Broker | ✔️ FTSE100 Broker? | 💵 Botswana Pula Deposits Allowed? | ✔️ Offers a Botswana Pula Account? | 👉 Open Account |
| 1. Exness | Yes | Yes | Yes | 👉 Open Account |
| 2. AvaTrade | Yes | Yes | Yes | 👉 Open Account |
| 3. IG | Yes | No | No | 👉 Open Account |
| 4. eToro | Yes | No | No | 👉 Open Account |
| 5. Fusion Markets | Yes | No | No | 👉 Open Account |
| 6. Interactive Brokers | Yes | No | No | 👉 Open Account |
| 7. HFM | Yes | Yes | Yes | 👉 Open Account |
7 Best FTSE 100 Brokers in Botswana
- Exness – Overall, Best FTSE 100 Broker in Botswana
- AvaTrade – Top Broker for Beginner Traders
- IG – Best Mobile Trading App
- eToro – Top Social Trading Broker in Botswana
- Fusion Markets – Best Customer Reviews From Traders
- Interactive Brokers – Top Online Broker in Botswana
- HFM – Best MetaTrader4/MT4 Broker
What is the FTSE 100?
👉 When it comes to the market capitalization of firms listed on the London Stock Exchange (LSE), the Footsie is the index that shows the 100 biggest. The FTSE 100 accounts for almost 80% of the LSE’s total market valuation.
👉 The Financial Times and the London Stock Exchange (LSE) are its founding institutions, thus the name “FTSE.” The London Stock Exchange Group controls and maintains the FTSE, a prominent indication of market success.
👉 It is as important in London as the Dow Jones Industrial Average, or the S&P 500 are in the United States. In Europe, the FTSE 100 is extensively followed.
👉 The index began at 1000 in January 1984, when it was first created. Since then, it has risen to over 7,000, an all-time high. The FTSE 100 is determined by adding the index value to the combined market capitalization of its component firms.
👉 Since the value of an index is based on the total market capitalization, it fluctuates during the trading day as the prices of the underlying stocks do.
👉 The FTSE 100’s daily gains and losses are compared to the previous day’s market closing when being quoted. Every day, it is computed continually at 8 AM with the market opening and ending at 4h30 PM with the closing of trade on the LSE.
1. Exness
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
Overview
👉 Exness is a well-known international online forex brokerage firm that focuses on delivering retail foreign exchange services, partnership opportunities, and corporate solutions to customers located all over the globe.
👉 Exness makes a comprehensive selection of products available to its customers, including Forex, Crypto, Metals, Energies, and many more.
👉 Traders have been given new chances, the ability to experience various financial services, and continuous prospects for development thanks to Exness.
👉 The trading process is carried out on the intuitive MT4/5 platforms, which enable the investor to trade, test strategies, carry out in-depth analysis on the FTSE 100, and more.
Trading Conditions and Features
| Feature | Information |
| 📈 Account Base Currencies | AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR |
| 📊 Minimum Spread | 0.0 pips EUR/USD |
| 💳 Botswanan Deposits/Withdrawals | Yes |
| ⚖️ CBN Regulation | No |
| 📊 Account Types | Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account |
| ⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
| 📈 Leverage | Unlimited |
| 📊 Micro Account Offered? | No |
| 📈 Trading Tools | Analytical tools, Trading calculators, currency converter, tick history, economic calendar |
| 💻 Educational Material | None |
| 👥 Botswanan-Based Customer Support | No |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| The broker has a global presence and has authorization and regulation with market regulators around the globe | There is a limited selection of tradable instruments and only a few asset classes |
| Offers instant withdrawals and deposits | There are only a few funding options offered |
| Botswanan traders have a choice between several dynamic account types | |
| Client fund safety is guaranteed and there is investor protection offered | |
| Offers 24/7 customer support that is both prompt and helpful | |
| There are tight and variable spreads offered with competitive commissions |
2. AvaTrade
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
Overview
👉 AvaTrade is an international forex and CFD broker that has been operating since 2006. AvaTrade is regulated by many top-tier financial regulators, including the ASIC, the FSA, and the Central Bank of Ireland, to mention a few.
👉 AvaTrade provides 33 distinct stock index CFDs, 625 Stock CFDs, and 59 ETF CFDs as traded products. Contract for difference trading might be a difficult issue for novice traders. However, AvaTrade provides AvaSocial, a smartphone application for social trading.
👉 AvaSocial is a terrific tool for novice investors since it enables them to communicate with other investors and imitate their transactions with a single click.
👉 Regarding costs, suppose you want to trade the FTSE 100 CFD. Then, during peak trading hours and with costs included in the spread, this broker’s average spread is 0.5 points. In addition to its industry-leading spread structure, AvaTrade allows its customers to trade CFDs with zero fees.
👉 Furthermore, AvaTrade offers a vast array of other financial assets, ranging from forex to commodities trading. Therefore, you will likely reach most of your financial objectives using AvaTrade.
Trading Conditions and 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 / 1881 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. IG
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
Overview
👉 Trading with IG is the best option if you want to begin with a large CFD trading firm with years of expertise and various licenses provided by recognized regulating agencies.
👉 Since its introduction to traders in 1974, this label has amassed an impressive number of industry accolades, including the most recent Best Multi-Platform Provider at the 2023 ADVFN International Financial Awards.
👉 IG’s spreads, commissions, and fees are exceptionally low compared to other key participants in the online trading market. Moreover, everything you need to know is meticulously organized and readily available without logging in.
👉 Affordability is not a problem except for the minimum deposit of 3,300 BWP / $250 when Botswanans register a live trading account.
Trading Conditions and Features
| Feature | Information |
| ⚖️ Regulation | FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, CFTC, FINRA, NFA, BMA |
| ⚖️ CBN Regulation? | No |
| 📊 Trading Accounts | IG Trading Account, IG Professional Account, IG Options Trading Account, IG Turbo24 Account, Limited Risk Account, Share Dealing Account, Exchange Account (NADEX) |
| 📊 Trading Platform | MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API |
| 💰 Minimum Deposit | 4702 Botswanan Pula equivalent to $250 |
| 💰 Trading Assets | Forex, Shares, Indices, Commodities, Cryptocurrencies, Interest Rates, Bonds, ETFs, Futures, Options |
| 🔎 Botswanan Pula-based Account? | No |
| 💳 BWP Deposits Allowed? | Yes |
| 💰 Bonuses for Botswanan traders? | No |
| 📈 Minimum spread | 0.1 pips (DMA) on EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | No |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Offers a significant range of financial instruments, including Botswanan-specific trading instruments | High minimum deposit charged |
| There are several powerful trading platforms offered | Inactivity fees apply |
| There are competitive trading conditions that include low spreads, low commissions, and reliable trade execution | |
| Traders can get free trading signals | |
| There is a comprehensive IG Academy offered with dedicated educational resources | |
| Convenient funding options provided along with free deposits and withdrawals | |
| FIX API Direct Market Access trading is offered | |
| There are Swap-Free Accounts offered for Islamic traders |
4. eToro
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.
Overview
👉 After more than a decade in business, eToro has earned a solid reputation as one of the best trading platforms in the world. The indexes, stocks, cryptocurrencies, commodities, and exchange-traded funds (ETFs) are all covered by the brokerage’s extensive activities.
👉 In addition, eToro has opted to forego integration with third-party trading systems to develop intuitive online and mobile-based proprietary solutions. More than 3,000 financial items can be traded on this custom-built platform without a hitch.
👉 Most notably, eToro has a tool called “copy trading” that lets less-experienced traders mimic the actions of the platform’s most successful users. In addition, Botswanans can access valuable data on a trader’s equity growth and other key metrics by clicking on the statistics page.
👉 Trading opportunities on eToro now extend to several regional and global market indexes. The UK100, the NSDQ100, the SPX500, the GER40, and the DJ30 are among the most followed. In addition, opening leveraged long or short bets is possible while trading with CFDs.
Trading Conditions and 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 (₦) | 83,000 NGN equivalent to $200 |
| 💰 Trading Assets | Forex 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 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 |
5. Fusion Markets
Overview
👉 Although the Australian brokerage Fusion Markets just launched its online trading platform in 2017, it has quickly established itself as a leading player in the industry.
👉 According to information on trusted websites, Fusion Markets has received 98% favourable customer comments. Reviews often highlight the brokerage’s low trading fees and helpful staff as major selling points.
👉 Fusion Markets offers its customers two distinct live account options: the Classic and the Zero. All costs and commissions (if any) are included in the spreads, making the first option ideal for inexperienced traders.
👉 As a result, there is no requirement for preliminary math before making a deal. Moreover, active traders with expertise may benefit from the $4.50 commission in a zero account by taking advantage of the narrower spreads.
👉 While Islamic accounts were not initially available, Fusion Markets recently updated its terms to include them. In addition, over 60 indices and other financial instruments are available via the broker’s swap-free accounts.
Trading Conditions and Features
| Feature | Information |
| ⚖️ Regulation | ASIC, VFSC, FSA |
| ⚖️ Regulated in Botswana? | No |
| 📊 Trading Accounts | • Zero Account • Classic Account |
| 📊 Trading Platform | • MetaTrader 4 • MetaTrader 5 • Fusion+ Copy Trading |
| 💰 Minimum Deposit (BWP) | 0 BWP ($0) |
| 💰 FTSE 100 Average Spread | 0.7 pips |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Fusion Markets has reliable trade execution | Negative balance protection is not currently available |
| Spreads with Fusion Markets start from 0.0 pips, and FTSE 100 spreads are competitive | There is a limited range of markets |
| There is no minimum deposit requirement | A trading account left dormant for 90 days will be terminated |
| Botswanans can choose from MT4 and MT5 |
6. Interactive Brokers
Overview
👉 For many years, Interactive Brokers has been at the forefront of the online brokerage industry. We ranked them as one of the finest online brokers and one of the best online brokers for day traders because of their cutting-edge trading technologies.
👉 Interactive Brokers comes out as a great alternative, even though its flagship IBKR Pro platform may be too complicated for inexperienced traders. When compared to other online brokers, Interactive Brokers’ commissions and fees are among the lowest.
👉 Their margin trading rates are also among the best. They have an extensive selection of investing options, with exposure to worldwide markets in 33 countries and coverage of almost all major asset classes.
👉 Serious investors should have a positive experience here and discover practically everything they need.
Trading Conditions and Features
| Feature | Information |
| ⚖️ Regulation | FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, MAS |
| ⚖️ Regulated in Botswana? | No |
| 📊 Trading Accounts | • IBKR Lite • IBKR Pro |
| 📊 Trading Platform | • IB Client Portal • TWS Desktop • IBKR Mobile • Ibot • IBKR WebTrader (Pro Accounts Only) • IBKR APIs (Pro Accounts Only) |
| 💰 Minimum Deposit (BWP) | 0 BWP ($0) |
| 💰 Bonuses for Botswanan traders? | No |
| 📈 FTSE 100 Average Spread | 0.005% |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | No |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Interactive Brokers provides its IB SmartRouting, which allows Botswanans to see significant price improvements versus the overall industry | Interactive Brokers is not suitable for beginners |
| Traders can expect some of the lowest margin rates in the industry | |
| Traders can earn more when they lend their fully-paid shares | |
| Botswanans can participate in fractional trading | |
| IBKR is one of the most powerful algorithmic platforms that is user-friendly |
7. HFM
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
Overview
👉 There seems to be enough justification for the HFM Group to claim that it is an award-winning conglomerate.
👉 HFM has received several major accolades recently, including “Best Multi-Asset Broker Global” at the 2021 Pan Finance Awards and “Best CFD Trading Conditions 2021” by the World Economic Magazine.
👉 HFM’s component firms are governed by the CySEC, FSA, FCA, FSC, CMA, FSCA, and DFSA. The brokerage is also authorized to do business in 28 European countries.
👉 Over a thousand different trading products (indices, foreign exchange, metals, energy, contracts for difference (CFD) stocks, bonds, commodities, physical stocks, and exchange-traded funds (ETFs) are available to HFM users.
👉 Spot and futures contracts can trade the UK 100 and other indexes. As a result, Botswanans can get protection against a negative balance no matter what kind of asset they are trading.
👉 HFM’s goal is to appeal to a wide range of traders. Hence, the company offers four distinct accounts, each with its own minimum deposit requirements and general focus. Because the terms and conditions may vary from country to country, we urge you to read them carefully.
👉 In addition, Botswanans must consider their account’s currency, margin call, and stop-out level. HFM’s demo account is useful since it simulates real-world trading conditions as precisely as possible, allows unlimited use, and offers a virtual balance of up to $100,000.
Trading Conditions and 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 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| HFM does not charge any deposit fees when Botswanans transfer funds to a trading account | HFM does not support BWP as a deposit currency or an account base currency, which could result in currency conversion fees |
| There are competitive spreads charged | HFM’s spreads are wider on entry-level accounts |
| HFM is a transparent broker that does not have any hidden broker fees | |
| Botswanans need not worry about withdrawal fees when they transfer funds from the trading account |
How to Choose the Right CFD 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
👉 Traders and investors often look to the FTSE 100 to gauge the state of the UK stock market and economy. Derivatives like contracts for difference (CFDs) allow Botswanans to trade the FTSE 100 and speculate on price changes (both up and down) without holding any of the underlying assets.
👉 As a result of the leverage inherent in both products, a very modest initial outlay of capital (the “margin”) is needed to get substantial exposure.
👉 However, keep in mind that when using leverage, your losses or gains might far exceed your initial margin deposit since they are based on the total size of your investment. In addition, Botswanans must ensure that they choose a dependable broker through which to trade FTSE 100.
FAQ
How can Botswanans trade the FTSE 100?
Botswanans can decide on the type of trader they want to be and their investment horizon. Next, they can create a trading plan according to that information, implement a solid risk management plan, and start studying charts.
Botswanans can also use technical analysis to find signals and indicators and set trading alerts to ensure that they remain updated on market movements and trading opportunities. Once Botswanans have selected a suitable CFD broker, they can start trading.
Can Botswanans buy shares in the FTSE 100?
Botswanans cannot invest directly in the FTSE 100, but they can invest in ETFs or index funds. This is an extremely promising option for traders who want exposure to all the companies in FTSE 100.
Is it worth it for Botswanans to invest in the FTSE 100?
The FTSE 100 can be smart if you want a promising long-term investment. Since many stocks are cheap now, investing in them might provide a healthy profit in the next five to ten years.
What is the best time for Botswanans to trade the FTSE 100?
The FTSE 100 is the most profitable to trade when the volume is high. Typically, this occurs when the London Stock Exchange opens for the day (8 AM UK time or 10 AM in Botswana). As traders start talking to one another, volatility and liquidity should increase.
Can Botswanans make money investing in FTSE 100?
As the leading index and experts’ dividend projections fail to make significant headway, the FTSE 100 yield is anticipated to settle around 4.1% in 2023.
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.
