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 broker offers a low minimum deposit of $5 (65 BWP)?
- Which trading platforms offer IOS and ANDROID Apps for Kenyans?
- Which trading platforms can you use with M-PESA?
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…
- Louis Schoeman
Best Micro Currency Trading Platforms in Botswana
| 🥇 Broker | ✔️ Micro Currency Forex Broker? | 💰 Minimum Deposit? | 💸 Allows Botswana Pula Account? | 👉 Open Account |
| 1. Exness | Yes | $10 (131 BWP) | Yes | 👉 Open Account |
| 2. AvaTrade | Yes | $1 (13 BWP) | Yes | 👉 Open Account |
| 3. HFM | Yes | $1 (13 BWP) | Yes | 👉 Open Account |
| 4. Pepperstone | Yes | $5 (64 BWP) | No | 👉 Open Account |
| 5. Trade Nation | Yes | $5 (64 BWP) | Yes | 👉 Open Account |
| 6. Axiory | Yes | $5 (64 BWP) | No | 👉 Open Account |
6 Best Micro Currency Trading Platforms in Botswana
- Exness – Overall, Best Micro Currency Trading Platform in Botswana
- AvaTrade – Top Broker for Beginner Traders
- HFM – Best Mobile App Broker in Botswana
- Pepperstone – Top MetaTrader 4/MT4 Broker
- Trade Nation – Best ECN Broker in Botswana
- Axiory – Best MetaTrader 5/MT5 Broker
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.
1. Exness
Overall Rating
- 4.9/5
Min Deposit
USD 10
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 CFD and Forex broker that is registered and regulated in many different jurisdictions, making it a low-risk overall option. Not only does Exness provide customers with a wide selection of account types to pick from, but it also provides some of the most favourable trading conditions available on the market today.
👉 Traders who use Exness have access to more than two hundred different financial products, a number of different retail account types, and a plethora of information. Even though Botswana has not yet granted it authorization, it is one of the most well-known brokers in the country.
👉 Users are able to lower the margin needs and regulate trading tactics with greater flexibility thanks to leverage. By enabling traders to withdraw cash rapidly through various electronic payment channels, Exness provides traders full control over their financial resources.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
| ⚖️ CBN Regulation? | No |
| 📊 Trading Accounts | Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account |
| 📊 Trading Platform | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app |
| 💰 Minimum Deposit (₦) | 41,000 NGN (or equivalent to $10) |
| 💰 Trading Assets | Forex minor pairs, forex major pairs, forex exotic currency pairs, Metals, Crypto, Energies, Indices, Stocks |
| 🔎 Botswanan Naira-based Account? | No |
| 💳 NGN Deposits Allowed? | Yes |
| 💰 Bonuses for Botswanan traders? | Yes |
| 📈 Minimum spread | 0.0 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | No |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Exness is a reputable international broker authorized by several reputable market regulators | There is a limited selection of tradable instruments in only a few financial markets |
| The broker offers some of the tightest spreads across all types of accounts | There is a limited selection of funding options offered |
| There are several account types to choose from, each accommodating different types of traders | |
| There are various market metrics available including exchange rates, overall trading activities available, current market conditions, and more. | |
| Exness is ideal for any Botswanan beginner traders and institutional investors | |
| There are solutions offered for any type of professional trader who needs advanced options | |
| There is a powerful proprietary mobile app offered | |
| Client fund safety and investor protection is guaranteed | |
| Multilingual 24/7 customer support is offered | |
| Instant withdrawal methods are available |
2. AvaTrade
Overall Rating
- 4.9/5
Min Deposit
USD 100
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
👉 A member of the AvaTrader Groups, AvaTrade is a prominent CFD and FX broker that operates around the world. It is regulated by a number of different financial institutions located in a variety of legal systems.
👉 AvaTrade is a broker that has won multiple awards and provides trading in over 1,250 different financial instruments on a variety of different platforms. It is designed to accommodate novice traders as well as those who adhere to the tenets of the Islamic faith by providing two types of live trading accounts, in addition to a demo account and an account that is free of swaps.
👉 AvaTrade was one of the first forex brokers to offer CFD trading on commodities, indices, and equities. Additionally, it was one of the first to offer trading in digital currencies.
Unique Features
| Feature | Information |
| ⚖️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA |
| ⚖️ CBN Regulation? | No |
| 📊 Trading Accounts | Retail Investor Account, Professional Account Option |
| 📊 Trading Platform | AvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade |
| 💰 Minimum Deposit (BWP) | $100 / 41,500 BWP |
| 💰 Trading Assets | Foreign currencies, Cryptocurrencies, Commodities, Treasuries, Bonds, Indices, Stocks, ETFs, Options, CFDs, Precious Metals |
| 🔎 Botswanan Naira-based Account? | No |
| 💳 NGN 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. HFM
Overall Rating
- 4.8/5
Min Deposit
USD 5
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
👉 HFM is open for business with anyone residing in Botswana and offers a 0 pip spread in addition to a round-turn commission of $6 to $8.
👉 Trading at HFM is limited to a maximum leverage ratio of 1:1000. You can choose between a demo account and an Islamic account. It’s possible to use the HF App alongside MetaTrader 4 and MetaTrader 5. Many different financial watchdog agencies monitor HFM from their Cyprus headquarters, including the FSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA.
👉 For those interested in commodity and currency trading, HFM is a CFD broker that facilitates these transactions (FX). Any size or kind of trader can use HFM’s unrestricted liquidity to carry out their preferred trading strategies on fully automated trading platforms connected to several liquidity providers and spreads.
👉 HFM’s efforts and impact in Africa, Asia, and the Middle East and North Africa improve life prospects for people everywhere.
👉 Since HFM’s trading service complies with the regulatory framework established by the licencing bodies supervising the Forex market, clients can put their faith in it. HFM was established in 2010 and is headquartered in Cyprus, despite the global reach of the broker’s services.
Unique Features
| Features | Information |
| ⚖️ Regulation | FSCA, CySEC, DFSA, FSA, FCA, CMA, and FSC, with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions |
| 💸 Minimum Withdrawal Time | – |
| 📈 Maximum Withdrawal Time | 2 to 4 working days |
| 💰 Instant Deposits/Withdrawals? | Yes, deposits |
| 💳 BWP-Denominated Account? | No |
| 📱 Minimum Deposit Amount | $5 / 66 BWP |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| HFM is well-regulated and features registrations from several countries worldwide, which adds to its reputation and trustworthiness | HFM’s spreads are wide on entry-level accounts |
| HFM’s overall reputation and reach are unparalleled | HFM does not support a large array of deposit and withdrawal options |
| The HFM brand has won over 60 accolades in its field throughout the years | Botswanans pay currency conversion fee as there is no BWP-denominated trading account |
| HFM’s demo accounts for MT4 and MT5 are unrestricted | |
| Botswanan Muslim traders who prefer Islamic accounts can make the switch at any time | |
| Botswanans can choose an account that suits their trading strategy and experience level the best | |
| Traders have access to a plethora of learning materials and innovative trading platforms | |
| The versatility of the trading platforms means that more people in Botswana can make use of them, even if they do not have previous trading experience | |
| Botswanans pay an extremely low minimum deposit of 65 BWP, and the market circumstances are favourable for trading |
4. Pepperstone
Overall Rating
- 4.9/5
Min Deposit
200 USD / 2622 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
👉 Starting out as a small online broker in 2010, Pepperstone Group is now a key player in the industry, offering its clients a state-of-the-art trading platform for stocks, indices, metals, commodities, and digital currencies (cryptocurrencies).
👉 By totally isolating client assets from Pepperstone’s operational finances, the company provides further protection to its consumers in risky areas like the financial services sector.
👉 In addition to 24/7 available live chat and telephone help, there is a detailed Frequently Asked Questions section that covers topics including making deposits, withdrawing funds, and settling trade disputes.
👉 Pepperstone stands out from the crowd by catering to traders of all skill levels with low spreads and an abundance of features. Pepperstone’s extensive learning materials also make it simple to get started with Forex trading.
Unique Features
| Account Feature | Value |
| 💰 Minimum Deposit | $130 / 1,700 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 |
5. Trade Nation
Overall Rating
- 4.7/5
Min Deposit
USD 0
Regulators
FSCA, SCB
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
33
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 First launched in 2014 under the name Core Spreads, the multi-regulated broker Trade Nation officially adopted its current name in 2019. By providing a new perspective on online commerce, Trade Nation is a welcome addition.
👉 Trade Nation is a UK-based online retail broker that offers trading on both its own proprietary platform and the widely used MetaTrader 4 platform, allowing clients to purchase and sell a variety of financial products.
👉 Trade Nation’s “client-first strategy” and “new technique to trade” are highlighted as important tenets of the company’s mission and brand ethos.
👉 This assessment of Trade Nation will provide local retail merchants in Botswana with the knowledge they need to determine if the platform is a good fit for their requirements and objectives.
👉 Botswana residents are welcome to open an account with Trade Nation, where they may take advantage of the no-commission standard fixed spread of 0.4 pips. Although the maximum leverage ratios for Low Leverage Accounts are 1:30 and for High Leverage Accounts they are 1:200, Trade Nation does not offer an Islamic Account.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSCA |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Botswanan Traders? | Yes |
| 💳 Minimum deposit (NGN) | USD 0 |
| Average spread from | Varies |
| 📈 Maximum Leverage | 1:200 |
| 👥 Customer Support | 24/5 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Trade Nation does not charge a minimum deposit, offering Botswanan traders with flexibility | There is a limited selection of funding options |
| The broker offers transparent fixed financial spread trading across several asset classes | The spread costs are not the lowest in the industry |
| There is a powerful desktop platform, innovative mobile trading app, and web-based trading platform | There are leverage restrictions on the UK and Australian clients |
| There is commission-free trading offered | United States clients are not accepted |
| There is a wide selection of educational content and beginner guides as part of an all-inclusive education material package | Inactivity account fees may apply |
| There is a dedicated customer service team offered | |
| There is an active business community offered along with a dedicated affiliate program | |
| Trade Nation offers international stability through a well-established regulatory framework | |
| There is no deposit fee or withdrawal fee charged on deposit or withdrawal methods | |
| There are several base currencies to choose from when registering a retail investor account |
6. 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 welcomes customers from Botswana and costs a minimum of 0.04 USD in commissions, with an average spread of 0.13 pips. Axiory provides a demo account and an Islamic account, with a maximum leverage ratio of 1:777.
👉 Axiory CopyTrade, cTrader, and MT4/MT5 are among the supported platforms. Axiory is headquartered in Belize and is regulated by the Financial Conduct Authority (FCA), the International Financial Services Commission (IFSC) of Belize, and the Financial Services Commission of Mauritius (FSC).
👉 There are five basic retail trading accounts available on Axiory, and they are the Nano Account, Standard Account, Max Account, Tera Account, and Alpha Account.
👉 In order to provide a fresh perspective on foreign exchange (FX) and contract for difference (CFD) trading, a group of innovative traders founded the online broker Axiory. One of the largest brokers in the world was founded in 2012 by a team of seasoned fund managers.
👉 The company is backed by Purple Technology, a multinational financial technology organisation that offers brokers innovative trading solutions like as server administration and optimization, web application development, and payment processing.
Unique features
| Feature | Value |
| 💳 Minimum Deposit Requirement | None |
| 📈 Platforms Available for Account Type | MetaTrader 4 |
| 📊 Average Spreads on Major Forex Pairs | None |
| 🚀 Maximum Leverage Ratio | 1:1 |
| 🔎 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 | Nigerian traders do not have access to local deposit and withdrawal options |
| Axiory guarantees client fund safety and provides investor protection | Nigerian Naira is not a supported base account currency |
| Traders have a choice between retail investor accounts and powerful trading platforms | Nigerians 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 Nigerian traders |
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 5
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
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
–
Regulators
–
Trading Desk
Crypto
Yes
Total Pairs
–
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
USD 10
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 5
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
–
Regulators
–
Trading Desk
–
Crypto
Yes
Total Pairs
–
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 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 / 134 BWP
Regulators
CySec, FSCA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
–
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
USD0
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
32
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
👉 Overall, when Botswanan traders perform the necessary research on a Micro Currency Trading Platforms, they have a better chance of maximising 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.
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.
