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6 Best Micro Currency Trading Platforms in Botswana

The 6 Best Micro Currency Trading Platforms in Botswana revealed. We tested and verified the best micro currency trading platforms with a minimum deposit for Botswana Traders.

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

In this in-depth guide you’ll learn:

  • What are micro currency platforms? 
  • Who are the best micro currency platform brokers?
  • How to choose a forex broker – Compare them against each other.
  • Which brokers are best for beginner traders?
  • What is the difference between a micro account and a cent account?
  • Which brokers offer a sign-up bonus to first-time traders?
  • Which trading platforms offer IOS and ANDROID Apps for Botswana?


And lots more…

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

Let’s dive right in…

Updated : December 8, 2023

Best Micro Currency Trading Platforms in Botswana

🥇 Broker 👉 Open Account💵 Minimum Deposit?📌 Micro Currency Forex Broker?💸 Allows Botswana Pula Account?
1. FXTM👉 Open Account$10 / 134 BWPYesYes
2. FxPro👉 Open Account$100 / 1321 BWPYesYes
3. FxOpen👉 Open Account$1 (13 BWP)YesYes
4. RoboForex👉 Open Account$10 / 134 BWPYesNo
5. XM👉 Open Account$5 / 67 BWPYesYes
6.BDSwiss👉 Open Account$10 / 134 BWPYesNo

10 Best Forex Brokers in Botswana for 2024

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

4.4/5

User Score

#2

4.7/5

User Score

#3

4.5/5

User Score

#4

tickmill

4.4/5

User Score

#5

4.7/5

User Score

#6

4.6/5

User Score

#7

4.7/5

User Score

#8

avatrade

4.8/5

User Score

#9

4.8/5

User Score

#10

4.7/5

User Score

What is a micro currency trading platform?

Micro currency trading platforms provide the instantaneous buying and selling of currencies and other assets denominated in increments of 1,000. Therefore, rather than trading a full unit, the trader can make a price bet with a smaller opening balance and fewer resources, thereby reducing exposure to potential losses.

 

Micro currency trading platforms, which allow users to experience real trading without making a substantial commitment, are quite popular among beginner traders. An increasing number of people are turning to micro currency trading platforms to try out new strategies, bots, and other automated trading tools before committing any significant capital.

6 Best Micro Currency Trading Platforms in Botswana

  1. ✔️ FXTM – Overall, Best Micro Currency Trading Platform in Botswana
  2. ✔️ FxPro – Top Broker for Beginner Traders
  3. ✔️ FxOpen – Best Mobile App Broker in Botswana
  4. RoboForex– Top MetaTrader 4/MT4 Broker
  5. XM – Best ECN Broker in Botswana
  6. BDSwiss – Best MetaTrader 5/MT5 Broker

1. FXTM

FXTM review

 

Overview

FXTM can be summarized as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads on 250+ trading instruments. FXTM is regulated by one tier-1 regulator (highest trust), two tier-2 regulators (medium trust), and one tier-3 regulator.  FXTM has a trust score of 92 out of 100.

 

Overall Rating

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

 

The FXTM Micro Account is specifically designed for traders who want a real experience without making a big deposit.

 

Unique Features

FeatureInformation
⚖️ RegulationCySEC, FSCA, FCA, FSC Mauritius
⚖️ CBN Regulation?No
📊 Trading AccountsMicro Account, Advantage Account, Advantage Plus Account
📊 Trading PlatformMetaTrader 4, MetaTrader 5, FXTM Trader
💰 Minimum Deposit 134 Botswanan Pula equivalent to $10
💰 Trading AssetsPrecious Metals, Stock Trading, Stock CFDs, Indices, Forex Indices, Forex Currency Pairs (including minor, major, and exotic pairs), Commodities, Stock Baskets
🔎 Botswanan Pula-based Account?Yes
💳 BWP Deposits Allowed?Yes
💰 Bonuses for Botswanan traders?Yes
📈 Minimum spread0.0 pips EUR/USD
📊 Demo AccountYes
☪️ Islamic AccountYes
✴️ Social Trading OfferedYes

 

FXTM

 

Pros and Cons

✔️ Pros ❌ Cons
FXTM is a multi-regulated and a reputable broker that has gained a high level of trustworthinessInactivity fees apply when the retail investor account becomes dormant
Dedicated customer support offered for Botswanan traders
Several deposit options and withdrawal methods offered
There is a low minimum deposit requirement
Commission-free trading is offered
Deposit fees are not charged on any payment methods
Withdrawal processing times are quick
There are several educational tools offered
There is an exclusive risk management tool offered

 

2. FxPro

fxpro review

 

Overview

FxPro offers access to Contracts for Difference (CFDs) on 6 asset classes, top-tier liquidity, and advanced trade execution with no dealing desk intervention.  Furthermore, FXPro offers access to a range of account types with excellent trading conditions and ultra-fast execution.

 

Overall Rating

Min Deposit

USD 100 / 1321 BWP

Regulators

CySec, FSCA, FCA

Trading Desk

FxPro Trading Platfrom

Crypto

Yes

Total Pairs

70+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

FxPro provides 4 different live trading accounts, Standard, Pro, Raw+, and Elite.  The minimum deposit required to open a FxPro Account is $100 / 1321 BWP.

 

Unique Features

FeatureInformation
⚖️ RegulationFCA, CySEC, FSCA, SCB
✅ Regulated in Botswana?No
💵 Minimum Deposit1 321 BWP ($100)
📈 Account Types• FxPro cTrader
• FxPro MT4
• FxPro MT5
• Islamic Account
• ProEdge
📊 Trading Platforms• FxPro
• MetaTrader 4
• MetaTrader 5
• cTrader
• FxPro Edge
📚 Educational Material and Tools• Educational Content
• Demo Account
📱 Research and Features• Trading Centra
• Economic Calendar
• VPS
• Trading Calculators
✔️ Social and Copy Trading?Yes
💻 Demo Account?Yes
📉 Average Starting Spread EUR/USD0.4 pips
💰 Commission Charges$35 per million USD traded

 

FxPro

 

Pros and Cons

✔️ Pros❌ Cons
FxPro offers 70 forex CFDs that can be traded across powerful trading software.There is a limited number of share CFDs that can be traded.
Botswanans can expect low account fees, and several flexible payment options are offered.There is limited education.
FxPro is well-regulated and guarantees client fund protection.There is no BWP-denominated account.
FxPro integrated Trading Central and offers economic calendars, earnings, and calculators.

 

3. FxOpen

FxOpen review

 

Overview

FXOpen is an ECN and STP broker with headquarters based in Australia, the UK, and Saint Kitts and Nevis, with respective regulations and authorization through ASIC and FCA.

 

FXOpen

Overall Rating

Min Deposit

USD 1 / 13 BWP

Regulators

ASIC

Trading Desk

No Trading Desk

Crypto

Yes

Total Pairs

4

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

 

FXOpen provides four different account types, namely the Micro Account, the STP Account, the ECN Account, and the Crypto Account. Each account type has its own set of conditions for commission, fees, margin calls, leverage, and minimum deposits.

 

Unique Features

FeatureInformation
📈 Range of MarketsForex, ETFs, Crypto, Indices, Commodities, Shares
⚖️ RegulationFCA, ASIC
💻 Account Types• ECN Account
• STP Account
• Micro Account
• Crypto Account
💵 Minimum Spread0.0 pips
💸 Minimum Deposit13 BWP ($1)
📱 Platforms SupportedMetaTrader 4
MetaTrader 5
TickTrader
Myfxbook AutoTrade
📉 Minimum Trade Volume0.01 lots
📈 Maximum Leverage1:500

 

FxOpen

 

Pros and Cons

✔️ Pros❌ Cons
FXOpen is known for its true ECN modelWithdrawal fees might apply
FXOpen is well-regulated and offers an unlimited demo accountNot all accounts have the same access to financial instruments
Negative balance protection is applied to trading accounts

 

4. RoboForex

Roboforex review Main Banner

 

Overview

RoboForex provides 5 different live trading account types – the Prime Account, The ECN Account, The R StockTrader Account, The ProCent Account, and the Islamic Swap-Free Account Option.  Additionally, a selection of Demo Accounts is also on offer.

 

Overall Rating

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

on RoboForex’s website

 

The minimum deposit amount required to register a live RoboForex trading account is $10 USD.  This minimum deposit is equivalent to  134 BWP at the current exchange rate between the US Dollar and Botswana at the time of writing.

 

Unique Features

FeatureInformation
⚖️ RegulationIFSC
⚖️ CBN RegulationNo
✔️ Accepts Botswanan Traders?Yes
💳 Minimum deposit (BWP)Botswanan Pula $10/134 BWP
Average spread fromFloating from 1.3 pips
📈 Maximum Leverage1:2000
👥 Customer Support 24/7

 

RoboForex

 

Pros and Cons

✔️ Pros❌ Cons
The broker offers more than 12,000 markets that can be tradedUS clients are not accepted
There are several flexible account types offeredThere are no fixed spread accounts
Trading education is offered to all traders
There are several powerful trading tools
The broker applies negative balance protection to all retail trading accounts

 

5. XM

XM-review Main Banner

 

Overview

XM is strictly regulated and supervised by ASIC, CySEC, IFSC, and FCA, respectively which facilitates the trade of several financial instruments spread across numerous assets, including, but not limited to Forex, commodities, cryptocurrency, and various others.

 

Overall Rating

Min Deposit

USD 5 / 67 BWP

Regulators

IFSC, CySec, ASIC

Trading Desk

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

Total Pairs

57

Islamic Account

Yes

Trading Fees

No (Just spread)

Account Activation Time

24 Hours

 

XM provides four different account types. Micro account, Standard account, Ultra-Low account, and Shares account with a Demo & Islamic account option available. The minimum deposit to open an account is $5 / 67 BWP

 

Unique features

FeatureInformation
⚖️ RegulationFSCA, IFSC
⚖️ CBN RegulationNo
✔️ Accepts Botswanan Traders?Yes
💳 Minimum deposit (BWP)$5 / 67 BWP
Average spread from0.0 pips EUR/USD
📈 Maximum Leverage1:1000
👥 Customer Support 24/5

 

XM

 

Pros and Cons

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

 

6. BDSwiss

BD Swiss-review

 

Overview

BDSwiss is a leading financial institution that offers Forex and CFD investment services worldwide. BDSwiss was established in 2012 and provides award-winning conditions, world-leading trading platforms, and competitive pricing.

 

Overall Rating

Min Deposit

$10 / 136 BWP

Regulators

CySec, FSC, FSA, BaFin, NFA

Trading Desk

MetaTrader 4 , MetaTrader 5

Crypto

Yes

Total Pairs

50 Forex Pairs and 20 Crypto Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

 

BDSwiss has 6 different account types with minimum deposit amounts from $10 134 BWP.  Spreads from 0.0 pips and leverage from 1:30 up to 1:1000 for the newly launched Premium Account.

 

Unique features

Account FeatureValue
💸 Minimum Deposit Required 136 Botswanan Pula, 10 EUR, USD, GBP
📊 Average SpreadsN/A
🔧 Trading Instruments availableForex
Commodities
Shares
Indices
Cryptocurrencies
👍 Accepts Botswanan Traders?Yes
💻 Platforms SupportedMetaTrader 4, MetaTrader 5, BDSwiss Mobile, BDSwiss Web
✴️Education for Botswanan beginnersYes
💳 Deposit and Withdrawal OptionsBank wire transfer
Debit Cards
Credit Cards
Skrill
Neteller
📈 Maximum Leverage1:1000
💰 Botswana Daily Forex Turnover$1.25 million+
☪️ Islamic Account OptionYes
👨‍💼 Languages supported on WebsiteEnglish, Czech, German, Italian, Spanish, Korean, French, Norwegian, Polish, Danish, Arabic, Malaysian, Thai, Vietnamese, Filipino, Hindi, Indonesian, Chinese, Portuguese, Romanian, Turkish, Russian
👥 Customer Service Hours24/5
💰 Bonuses and Promotions for BotswanansNone
✔️Is BDSwiss a safe broker for Botswanans?Yes
✔️Rating for BDSwiss Botswana9/10
✔️Trust score for BDSwiss Botswana78%

 

BDSwiss

 

Pros and Cons

✔️ Pros❌ Cons
BDSwiss is one of the trusted forex brokers with a high trust score that provides client protectionThere are high minimum deposits on more premium accounts
There are commission-free options offeredFixed spreads are not offered
There are competitive conditions with tight spreads and low commissionsThere are some regional restrictions applied to some countries
BDSwiss has a large client base spread across the globeThe raw spreads are not the tightest
There are more than 250 CFDs to trade and several financial assets and classesBDSwiss does not offer a deposit bonus or any other initiative
BDSwiss offers a high maximum leverage ratio up to 1:1000Does not offer a specific Botswanan client or terminal
Accepts electronic payments from Skrill, Neteller, and other trusted methodsCurrency conversion fees are charged
Offers a powerful proprietary trading platform along with MetaTrader 4 and 5There is an inactivity fee charged on dormant accounts
There is a massive selection of educational material and trading tools, covering all aspects of tradingWithdrawal fee applied on the bank wire withdrawal option for certain amounts
Provides advanced charting tools and analytical material There are no Botswanan Naira deposits allowed and there is no NGN account offered
Deposit fees are not charged on deposit methodsThere is no desktop version of the proprietary trading platform
Offers a demo account and Islamic Account
BDSwiss offers a decent range of payment methods
There is a choice between dynamic retail investor accounts

 

What is the difference between a micro account and a cent account?

What is the difference between a micro account and a cent account?

 

The difference between a micro account and a cent account lies in the denomination of the trading units. Both account types are designed to cater to traders with smaller capital, providing a more accessible entry into the financial markets. In a micro account, the trading units are typically denominated in micro-lots, where one micro-lot is equivalent to 1,000 units of the base currency.

 

This allows traders to engage in transactions with relatively small amounts. On the other hand, a cent account utilizes a different approach, where the trading units are denominated in cents rather than the standard currency units. For example, one cent lot is equivalent to 100 units of the base currency. Cent accounts offer a way for traders to practice and familiarize themselves with real market conditions while using smaller, more manageable sums of money.

 

Both micro and cent accounts are popular among beginners or those with limited capital, providing a stepping stone for gaining experience in the complexities of trading without exposing traders to excessive risk.

How to choose a Micro Currency Trading Platform in Botswana

Forex Broker in Botswana

 

Botswanan traders must evaluate the following components of a forex broker to decide whether the broker is suited to their unique trading objectives or needs.

 

Regulations and Licenses

This is the first vital component that Botswanan traders must thoroughly evaluate. Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others.

Botswanans must beware when dealing with brokers with only offshore regulations such as FSA, SVG BVI, FSC, and others.

 

Account Features

Account Features include leverage trading and margin requirement, commissions and spreads, initial deposit, additional features on retail investor accounts, and so on.

 

Deposits and Withdrawals

Botswanans must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits, among other trading and non-trading fees.

 

Range of Markets

The range of markets offered refers to the number and range of tradable instruments the broker offers. Therefore, Botswanans must consider what they wish to trade and what is available.

 

Customer Support

Customer Support is another crucial factor. Botswanans must check the availability of support (trading hours), the quality of support, and the promptness with which the customer support team responds to queries.

 

Trading Platform

A trading platform is the Botswanan trader’s portal to the financial markets. Therefore, traders must ensure that the trading platform has the necessary technical indicators, fundamental analysis, technical analysis, economic calendar, charting, newsfeed, and other tools they may need.

 

Education and Research

Education and Research come in handy to both novice traders and experienced investors. Education includes some of the following:

➡️ eBooks

➡️ Trading guides

➡️ Trading knowledge on leveraged products

➡️ A risk warning on complex instruments

➡️ Educational videos

 

Research can include some of the following:

➡️ Trading tools

➡️ Commentary

➡️ Status of International Markets

➡️ Price movements

➡️ Market sentiments

➡️ Whether there is a volatile market

➡️ Exchange Rates

➡️ Expert opinions and other resources can help experienced traders make informed trading decisions.

The Best Micro Currency Trading Platform in Botswana

In this article, we have listed the best brokers that offer forex trading to traders in Botswana. In addition, we have further identified the brokers that offer additional services and solutions to Botswanan traders.

 

Best MetaTrader 4 / MT4 Forex Broker in Botswana

Overall Rating

Min Deposit

USD 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

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

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

Min Deposit

$10 / 134 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

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

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

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

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

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

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

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

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

on RoboForex’s website

 

Overall, RoboForex is the best STP forex broker in Botswana. RoboForex is popular forex and CFD broker with competitive trading conditions. RoboForex offers STP execution with liquidity sourced from top providers.

Botswanans can expect access to over 12,000 instruments via powerful and innovative third-party platforms.

 

Best Sign-up Bonus Broker in Botswana

Overall Rating

Min Deposit

 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.

Conclusion

Overall, when Botswanan traders perform the necessary research on a Micro Currency Trading Platforms, they have a better chance of maximizing their potential profits from trading using one of these platforms. A trader needs to have a solid trading plan and a risk management strategy in place before using a micro currency trading platform.

Frequently Asked Questions

What is a micro trading account?

A retail investor who wants exposure to foreign exchange (forex) trading but doesn’t want to risk a significant amount of money can use a micro account, which is designed specifically for them. A micro account’s smallest contract, also known as a micro lot, is a predetermined quantity equal to one tenth of a normal lot, which is equivalent to a total of one thousand units of currency.

 

What is a good lot size for a $10 Forex account?

Look for brokers who have a minimum trade size of at least 0.1 lot, with some offering even lower minimums of 0.01 lot. You will be able to conduct profitable trades with a low starting capital outlay by using these lot sizes. For instance, the initial investment for opening a trade with a 0.01 lot size would be $1,000, or $10 with leverage.

 

Can you make money with $100 in Forex?

If you want to trade on the foreign exchange market, all you need is one hundred dollars to get started, and it can even provide you a new way to earn money from the comfort of your own home. Many people are aware that one hundred dollars does not buy very much in today’s economy, but it can go far with Forex trading.

 

How much can a beginner make with Forex trading?

This is contingent on the amount of capital that you put at risk with each trade. If you are willing to take a risk of $1,000, you have the potential to earn $20,000 year on average. If you are willing to take a risk of $3000, you have the potential to earn an average of $60,000 every year. If you are willing to take a risk of $5000, you have the potential to earn an average of $100,000 every year.

 

Can I learn Forex on my own?

Even while it is feasible to teach yourself forex trading on your own, it is strongly recommended that you seek the guidance of an experienced trader.

There are a plethora of internet resources and discussion forums that you may participate in to gain knowledge from more seasoned traders. You should also think about getting a demo trading account so that you can get some experience under your belt before trading with real money.

 

Who are the best micro currency platform brokers?

  • FXTM
  • FxPro
  • FXOpen
  • RoboForex
  • XM
  • BDSwiss

 

Which brokers are best for beginner traders?

  • AvaTrade
  • Exness

 

Which brokers offer a sign-up bonus to first-time traders?

  • FXOpen
  • RoboForex
  • XM
  • BDSwiss

 

Which trading platforms offer IOS and ANDROID Apps for Botswana?

  • FXTM
  • FxPro
  • FXOpen
  • RoboForex
  • XM
  • BDSwiss

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.

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