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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 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…

Updated : November 9, 2022

Best Micro Currency Trading Platforms in Botswana

🥇 Broker✔️ Micro Currency Forex Broker?💰 Minimum Deposit?💸 Allows Botswana Pula Account? 👉 Open Account
1. ExnessYes$10 (131 BWP)Yes👉 Open Account
2. AvaTradeYes$1 (13 BWP)Yes👉 Open Account
3. HFMYes$1 (13 BWP)Yes👉 Open Account
4. PepperstoneYes$5 (64 BWP)No👉 Open Account
5. Trade NationYes$5 (64 BWP)Yes👉 Open Account
6. AxioryYes$5 (64 BWP)No👉 Open Account

6 Best Micro Currency Trading Platforms in Botswana

  1. Exness – Overall, Best Micro Currency Trading Platform in Botswana
  2. AvaTrade – Top Broker for Beginner Traders
  3. HFM – Best Mobile App Broker in Botswana
  4. Pepperstone – Top MetaTrader 4/MT4 Broker
  5. Trade Nation – Best ECN Broker in Botswana
  6. 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

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

FeatureInformation
⚖️ RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA
⚖️ CBN Regulation?No
📊 Trading AccountsStandard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account
📊 Trading PlatformMetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app
💰 Minimum Deposit (₦)41,000 NGN (or equivalent to $10)
💰 Trading AssetsForex 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 spread0.0 pips EUR/USD
📊 Demo AccountYes
☪️ Islamic AccountYes
✴️ Social Trading OfferedNo

 

Pros and Cons

✔️ Pros❌ Cons
Exness is a reputable international broker authorized by several reputable market regulatorsThere 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 accountsThere 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

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

FeatureInformation
⚖️ RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA
⚖️ CBN Regulation?No
📊 Trading AccountsRetail Investor Account, Professional Account Option
📊 Trading PlatformAvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade
💰 Minimum Deposit (BWP)$100 / 41,500 BWP
💰 Trading AssetsForeign 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 spread0.9 pips EUR/USD
📊 Demo AccountYes
☪️ Islamic AccountYes
✴️ Social Trading OfferedYes

 

Pros and Cons

✔️ Pros ❌ Cons
AvaTrade is multi-regulated and one of the most trusted online trading brokers in the worldVariable spreads are not offered
There is a wide range of financial instruments that can be traded across financial marketsThere is a limited choice between account types
There are several technical indicators, economic indicators, and other solutions for advanced tradersInactivity fees are applied
There are several trading platforms to choose fromCurrency 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 toThere 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

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

FeaturesInformation
⚖️ RegulationFSCA, 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 Time2 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 trustworthinessHFM’s spreads are wide on entry-level accounts
HFM’s overall reputation and reach are unparalleledHFM does not support a large array of deposit and withdrawal options
The HFM brand has won over 60 accolades in its field throughout the yearsBotswanans 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

Min Deposit

10 USD /122 BWP

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradeView

Crypto

Yes

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 FeatureValue
💰 Minimum Deposit$130 / 1,700 BWP
💻 Minimum Trading Size0.01 lots
📈 Maximum Trading Size100 lots in a single trade
💵 Base Account CurrencyAUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
✅ Trading Strategies SupportedAll including scalping, hedging, and Expert Advisors (EAs)
🗞 News Trading Offered?Yes
➡️ Trade ExecutionNo-Dealing Desk (NDD)
📊 Average EUR/USD SpreadFrom 0.6 pips
💸 CommissionsNone
🔃 Rollover SwapsYes, 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 OfferedYes, only for retail clients
✅ Margin Close-Out (%)50%
🔨 Trading Instruments offered1,200+
💻 Trading Platforms offeredMetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade

 

Pros and Cons

✔️ Pros❌ Cons
Pepperstone offers competitive spreads that start from 0.0 pips on EUR/USDThere 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 feesThere is no BWP-denominated account offered, subjecting Botswanans to currency conversion fees
Investor protection is offered to EU clients through the FSCSThere 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

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

FeatureInformation
⚖️ RegulationFSCA
⚖️ CBN RegulationNo
✔️ Accepts Botswanan Traders?Yes
💳 Minimum deposit (NGN)USD 0
Average spread fromVaries
📈 Maximum Leverage1:200
👥 Customer Support24/5

 

Pros and Cons

✔️ Pros❌ Cons
Trade Nation does not charge a minimum deposit, offering Botswanan traders with flexibilityThere is a limited selection of funding options
The broker offers transparent fixed financial spread trading across several asset classesThe spread costs are not the lowest in the industry
There is a powerful desktop platform, innovative mobile trading app, and web-based trading platformThere are leverage restrictions on the UK and Australian clients
There is commission-free trading offeredUnited States clients are not accepted
There is a wide selection of educational content and beginner guides as part of an all-inclusive education material packageInactivity 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

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

FeatureValue
💳 Minimum Deposit RequirementNone
📈 Platforms Available for Account TypeMetaTrader 4
📊 Average Spreads on Major Forex PairsNone
🚀 Maximum Leverage Ratio1:1
🔎 Commission Charges on TradesFrom $1.5 per lot
📈 Commissions on Stock CFDsNone
💰 Account Base Currency OptionsEUR or USD
🔨 Negative Balance Protection OfferedNo
💸 Minimum Forex Trading Volume1 Lot
💵 Islamic Account Conversion Offered?Yes

 

Pros and Cons

✔️ Pros❌ Cons
Axiory is well-regulated and a member of the Financial CommissionNigerian traders do not have access to local deposit and withdrawal options
Axiory guarantees client fund safety and provides investor protectionNigerian Naira is not a supported base account currency
Traders have a choice between retail investor accounts and powerful trading platformsNigerians cannot deposit funds in local currency
There is a range of tradable instruments offeredCrypto trading is not supported
There is an Islamic account offered and an unlimited demo accountThere 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

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 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

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

best micro currency trading platforms in botswana Featured Image

Overall Rating

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

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

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

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

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

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

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

igindex logo sq

Overall Rating

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

on IG Group’s website

👉 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

$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

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

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.

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