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…
- Lesche Duvenage
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 BWP | Yes | Yes |
| 2. FxPro | 👉 Open Account | $100 / 1321 BWP | Yes | Yes |
| 3. FxOpen | 👉 Open Account | $1 (13 BWP) | Yes | Yes |
| 4. RoboForex | 👉 Open Account | $10 / 134 BWP | Yes | No |
| 5. XM | 👉 Open Account | $5 / 67 BWP | Yes | Yes |
| 6.BDSwiss | 👉 Open Account | $10 / 134 BWP | Yes | No |
10 Best Forex Brokers in Botswana
Rank
Broker
Review
Regulators
Min Deposit
Official Site
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
- ✔️ FXTM – Overall, Best Micro Currency Trading Platform in Botswana
- ✔️ FxPro – Top Broker for Beginner Traders
- ✔️ FxOpen – Best Mobile App Broker in Botswana
- RoboForex- Top MetaTrader 4/MT4 Broker
- XM – Best ECN Broker in Botswana
- BDSwiss – Best MetaTrader 5/MT5 Broker
1. FXTM
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
- 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
The FXTM Micro Account is specifically designed for traders who want a real experience without making a big deposit.
Unique Features
| Feature | Information |
| ⚖️ Regulation | CySEC, FSCA, FCA, FSC Mauritius |
| ⚖️ CBN Regulation? | No |
| 📊 Trading Accounts | Micro Account, Advantage Account, Advantage Plus Account |
| 📊 Trading Platform | MetaTrader 4, MetaTrader 5, FXTM Trader |
| 💰 Minimum Deposit | 134 Botswanan Pula equivalent to $10 |
| 💰 Trading Assets | Precious 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 spread | 0.0 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FXTM is a multi-regulated and a reputable broker that has gained a high level of trustworthiness | Inactivity 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
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
- 4.7/5
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
| Feature | Information |
| ⚖️ Regulation | FCA, CySEC, FSCA, SCB |
| ✅ Regulated in Botswana? | No |
| 💵 Minimum Deposit | 1 321 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/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. |
3. FxOpen
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.
Overall Rating
- 4.8/5
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
| Feature | Information |
| 📈 Range of Markets | Forex, ETFs, Crypto, Indices, Commodities, Shares |
| ⚖️ Regulation | FCA, ASIC |
| 💻 Account Types | • ECN Account • STP Account • Micro Account • Crypto Account |
| 💵 Minimum Spread | 0.0 pips |
| 💸 Minimum Deposit | 13 BWP ($1) |
| 📱 Platforms Supported | MetaTrader 4 MetaTrader 5 TickTrader Myfxbook AutoTrade |
| 📉 Minimum Trade Volume | 0.01 lots |
| 📈 Maximum Leverage | 1:500 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FXOpen is known for its true ECN model | Withdrawal fees might apply |
| FXOpen is well-regulated and offers an unlimited demo account | Not all accounts have the same access to financial instruments |
| Negative balance protection is applied to trading accounts |
4. RoboForex
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
- 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
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
| Feature | Information |
| ⚖️ Regulation | IFSC |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Botswanan Traders? | Yes |
| 💳 Minimum deposit (BWP) | Botswanan Pula $10/134 BWP |
| Average spread from | Floating from 1.3 pips |
| 📈 Maximum Leverage | 1:2000 |
| 👥 Customer Support | 24/7 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| The broker offers more than 12,000 markets that can be traded | US clients are not accepted |
| There are several flexible account types offered | There 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
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
- 4.8/5
Min Deposit
USD 5 / 67 BWP
Regulators
IFSC, CySec, ASIC
Trading Desk
Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform
Total Pairs
57
Islamic Account
Yes
Trading Fees
No (Just spread)
Account Activation Time
24 Hours
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
| Feature | Information |
| ⚖️ Regulation | FSCA, IFSC |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Botswanan Traders? | Yes |
| 💳 Minimum deposit (BWP) | $5 / 67 BWP |
| Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:1000 |
| 👥 Customer Support | 24/5 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Negative balance protection is applied to retail investor accounts | US clients are restricted from accessing XM’s trading services |
| There are several secure payment methods to choose from | There are no fixed spread accounts offered |
| The broker is known for low spreads, low commissions, and reliable trade execution speeds | There is an inactivity fee applied to dormant accounts |
| Traders can use hedging, scalping, and expert advisor trading strategies | |
| The broker offers personal customer service to its clients |
6. BDSwiss
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
- 4.7/5
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 Feature | Value |
| 💸 Minimum Deposit Required | 136 Botswanan Pula, 10 EUR, USD, GBP |
| 📊 Average Spreads | N/A |
| 🔧 Trading Instruments available | Forex Commodities Shares Indices Cryptocurrencies |
| 👍 Accepts Botswanan Traders? | Yes |
| 💻 Platforms Supported | MetaTrader 4, MetaTrader 5, BDSwiss Mobile, BDSwiss Web |
| ✴️Education for Botswanan beginners | Yes |
| 💳 Deposit and Withdrawal Options | Bank wire transfer Debit Cards Credit Cards Skrill Neteller |
| 📈 Maximum Leverage | 1:1000 |
| 💰 Botswana Daily Forex Turnover | $1.25 million+ |
| ☪️ Islamic Account Option | Yes |
| 👨💼 Languages supported on Website | English, Czech, German, Italian, Spanish, Korean, French, Norwegian, Polish, Danish, Arabic, Malaysian, Thai, Vietnamese, Filipino, Hindi, Indonesian, Chinese, Portuguese, Romanian, Turkish, Russian |
| 👥 Customer Service Hours | 24/5 |
| 💰 Bonuses and Promotions for Botswanans | None |
| ✔️Is BDSwiss a safe broker for Botswanans? | Yes |
| ✔️Rating for BDSwiss Botswana | 9/10 |
| ✔️Trust score for BDSwiss Botswana | 78% |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| BDSwiss is one of the trusted forex brokers with a high trust score that provides client protection | There are high minimum deposits on more premium accounts |
| There are commission-free options offered | Fixed spreads are not offered |
| There are competitive conditions with tight spreads and low commissions | There are some regional restrictions applied to some countries |
| BDSwiss has a large client base spread across the globe | The raw spreads are not the tightest |
| There are more than 250 CFDs to trade and several financial assets and classes | BDSwiss does not offer a deposit bonus or any other initiative |
| BDSwiss offers a high maximum leverage ratio up to 1:1000 | Does not offer a specific Botswanan client or terminal |
| Accepts electronic payments from Skrill, Neteller, and other trusted methods | Currency conversion fees are charged |
| Offers a powerful proprietary trading platform along with MetaTrader 4 and 5 | There is an inactivity fee charged on dormant accounts |
| There is a massive selection of educational material and trading tools, covering all aspects of trading | Withdrawal 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 methods | There 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?
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
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
- 4.6/5
Min Deposit
USD 25
Regulators
FCA UK
Trading Platform
MT5, MT4, OctaTrader
Crypto
Yes
Total Pairs
28
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, OctaFX is the best MT4 forex broker in Botswana. OctaFX is an MT4 and MT5 broker that provides Botswanans with various markets. OctaFX offers a choice of accounts via MT4, including ECN and STP accounts, with superior trade execution.
Best MetaTrader 5 / MT5 Forex Broker in Botswana
Overall Rating
- 4.9/5
Min Deposit
$100 / 1 342 BWP
Regulators
ASIC, FSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, AvaTrade is the best MetaTrader 5 forex broker in Botswana. In addition, AvaTrade is regarded as one of the most secure MT5 forex brokers.
No commission is charged for trading currency pairings, only leaving the spread to be paid. A demo account is also available for traders to sharpen their abilities via MT5 and several other platforms.
Best Forex Broker for beginners in Botswana
Overall Rating
- 4.1/5
Min Deposit
$100
Regulators
CFT, NFA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
50
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, FOREX.com is the best forex broker for beginners in Botswana. FOREX.com is a broker renowned for low trading fees and beginner-friendly solutions. In addition, FOREX.com offers several educational materials and a helpful demo account.
Best Low Minimum Deposit Forex Broker in Botswana
Overall Rating
- 4.9/5
Min Deposit
$10 / 134 BWP
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, Exness is the best Low Minimum Deposit Forex Broker in Botswana. Exness has a minimum deposit requirement of 10 USD / 130 BWP, making it easy for Botswanans to start trading 278 instruments.
Exness also offers MT4 and MT5 through which trades can be made. In addition, it offers some of the best trading tools, charting capabilities, technical indicators, expert advisors, and more.
Best ECN Forex Broker in Botswana
Overall Rating
- 4.9/5
Min Deposit
USD 0
Regulators
FCA, DFSA, FSCA, FSA, CMA
Trading Desk
MT4, MT5, HFM APP
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
0
Account Activation Time
24 Hours
Overall, HFM is the best ECN forex broker in Botswana. HFM is a hybrid forex and CFD broker that uses STP and ECN technology to ensure that Botswanans get the best pricing, minimal slippage, no requotes, and the fastest trade execution.
HFM uses the best liquidity providers who aggregate the pricing that Botswanans can see on MT4, MT5, and the HF App for Android and iOS.
Best Islamic / Swap-Free Forex Broker in Botswana
Overall Rating
- 4.8/5
Min Deposit
USD 10 / 136 BWP
Regulators
CySec, FCA
Trading Desk
None
Crypto
Yes
Total Pairs
47
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, eToro is the best Islamic / Swap-Free forex broker in Botswana. eToro is a renowned social trading platform that offers Muslim traders an Islamic Account.
eToro does not charge any interest on positions held for over 24 hours. However, registering an Islamic Account can be expensive initially, requiring a 1,000 USD / 13,400 BWP deposit.
Best Forex Trading App in Botswana
Overall Rating
- 4.9/5
Min Deposit
USD 0 / 0 BWP
Regulators
ASIC
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
300
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, CMC Markets is the best forex trading app in Botswana. In addition, CMC Markets offers a user-friendly mobile app with research tools, powerful charts, customizable watch lists, news reports, and a range of educational materials.
Best Lowest Spread Forex Broker in Botswana
Overall Rating
- 4.6/5
Min Deposit
USD 0 / 0 BWP
Regulators
FCA, CySEC, IFSC, KNF
Trading Desk
No Trading Desk
Crypto
Yes
Total Pairs
48
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, XTB is the best lowest-spread forex broker in Botswana. XTB is a well-known forex and CFD broker with low and competitive forex spreads from 0.1 pips depending on the financial instrument and the market conditions.
XTB is also a good broker in terms of educational materials and research capabilities, providing traders with comprehensive market analysis across markets.
Best Nasdaq 100 Forex Broker in Botswana
Overall Rating
- 4.6/5
Min Deposit
USD 10
Regulators
CySec, FSCA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
60
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, FXTM is the best Nasdaq 100 forex broker in Botswana. FXTM is a multi-regulated forex and CFD broker that accommodates Botswanan traders with a keen interest in Nasdaq. Traders can expect low and competitive spreads, a choice between accounts, and powerful trading platforms.
Best Volatility 75 / VIX 75 Forex Broker in Botswana
Overall Rating
- 4.8/5
Min Deposit
USD 0 / 0 BWP
Regulators
IGRs
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, IG is Botswana’s best Volatility 75 / VIX 75 forex broker. IG is one of the best CFD brokers with powerful proprietary trading technology.
IG is well-regulated and offers Botswanans access to VIX75, with spreads from 0.04 pips / 0.13% and zero commission charges.
Best NDD Forex Broker in Botswana
Overall Rating
- 4.6/5
Min Deposit
USD 50 / 672 BWP
Regulators
FCA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, FXCM is the best NDD forex broker in Botswana. FXCM is a No-Dealing Desk broker with STP and ECN execution across several markets.
In addition, FXCM offers a choice between third-party platforms in addition to technical indicators, charting tools, and competitive trading conditions.
Best STP Forex Broker in Botswana
Overall Rating
- 4.7/5
Min Deposit
USD 10
Regulators
IFSC
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
36
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, RoboForex is the best STP forex broker in Botswana. RoboForex is popular forex and CFD broker with competitive trading conditions. RoboForex offers STP execution with liquidity sourced from top providers.
Botswanans can expect access to over 12,000 instruments via powerful and innovative third-party platforms.
Best Sign-up Bonus Broker in Botswana
Overall Rating
- 4.7/5
Min Deposit
50 USD / 682 BWP
Regulators
CYSEC
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
50
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, Windsor Brokers is the best sign-up bonus broker in Botswana. Windsor Brokers is a well-regulated broker that offers Botswanans a welcome account funded with 30 USD in trading credit. With this account, Botswanans can explore the platform or risk-free test their strategies.
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Conclusion
Overall, when 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.
