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14 Best Forex No-Deposit Brokers in Botswana

The 14 Best No Deposit Forex Brokers in Botswana revealed. We tested and verified the best no deposit forex brokers for Botswana Traders.

This is a complete list of forex brokers with a no deposit bonus in Botswana.

In this in-depth guide you’ll learn:

  • What is a No Deposit Bonus
  • Which brokers offer the best no deposit bonus to Botswana Traders?
  • Our recommended eleven ECN and STP forex brokers for Botswana Beginner Traders?
  • How to compare forex trading brokers against each other to find the best no-deposit bonus? 
  • Which Forex Brokers offer a no deposit bonus that has local offices in Gaborone?
  • Which broker is best for beginner Botswana traders?
  • Which brokers offer a signup bonus on a $5 (64 BWP) deposit?
  • Which broker offers a sign-up bonus for first-time traders?


And lots more…

So if you’re ready to go “all in” with the best-tested No Deposit Bonus Forex Brokers for Botswana

Let’s dive right in…

Updated : October 19, 2022

Best Forex No-Deposit Brokers in Botswana

🏅 Broker✅ No-Deposit Broker?💰 Minimum Deposit💻 Botswana Pula Deposits Allowed?👉 Open Account
1. XMYes$5 / 66 BWPYes👉 Open Account
2. TickmillYes$100 / 41,500 BWPYes👉 Open Account
3. SuperForexYes$100 / 41,500 BWPNo👉 Open Account
4. FBSYes$1 / 64 BWPNo👉 Open Account
5. JustMarketsYes$100 / 41,500 BWPNo👉 Open Account
6. Trade NationYes$5 / 66 BWPNo👉 Open Account
7. InstaForexYes$130 / 1,700 BWPYes👉 Open Account
8. FreshForexYes$100 / 41,500 BWPNo👉 Open Account
9. ForexChiefYes$100 / 41,500 BWPYes👉 Open Account
10. TemplerFXYes$100 / 41,500 BWPNo👉 Open Account
11. Forex.eeYes$100 / 41,500 BWPYes👉 Open Account
12. AVFXYes$65 / 880 BWPNo👉 Open Account
13. FXGiantsYes$1 / 64 BWPYes👉 Open Account
14. Windsor BrokersYes$5 / 66 BWPYes👉 Open Account

14 Best Forex No-Deposit Brokers in Botswana

  1. XM – Overall, Best No-Deposit Broker in Botswana
  2. Tickmill – Top STP Broker
  3. SuperForex – Verified Broker with No Needed Starting Capital
  4. FBS – Best MetaTrader4/MT4 Broker
  5. JustMarkets – Largest Welcome Bonus Broker
  6. Trade Nation – Top CFD Broker in Botswana
  7. InstaForex – Best Broker for Beginner Traders
  8. FreshForex – Top Customer Support Broker
  9. ForexChief – Most User-Friendly Broker
  10. TemplerFX – Easy Withdrawal Process Broker
  11. Forex.ee – Top ECN Broker
  12. AVFX – Best MetaTrader5/MT5 Broker
  13. FXGiants – Best Regulated Broker
  14. Windsor Brokers – Top Broker for Experienced Traders in Botswana

What is a Forex No-Deposit Bonus?

👉 Various Financial Brokers give many other types of welcome bonuses. However, the Forex No-Deposit-Bonus is a traditional and typical kind. Since no minimum deposit is required to get the bonus, we call it a “no-deposit” bonus.

 

👉 An opening trading account with funds is provided. No client’s money is in danger with this offer since the money is a freebie from the Broker.

1. XM

Overall Rating

Min Deposit

USD 5 / 67 BWP

Regulators

IFSC, CySec, ASIC

Trading Desk

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

Crypto

Yes

Total Pairs

57

Islamic Account

Yes

Trading Fees

No (Just spread)

Account Activation Time

24 Hours

👉 If you join up with XM Broker from their official website, you will get a $30 “No-Deposit-Bonus.” As a well-known broker, XM is a reliable option. Simple registration and account verification are all required to get XM Broker’s $30 No-Deposit Bonus.

 

👉 You may begin trading immediately with this bonus if you have access to the MT4 or MT5 platforms. With this account, you can easily engage in live trading on MT4 or MT5 without making any further deposits.

 

👉 It is important to note that the bonus itself cannot be cashed out, only the profits produced from it, subject to specific volume requirements and other restrictions and conditions.

2. Tickmill

Overall Rating

Min Deposit

USD 100

Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

Trading Desk

Meta Trader 4

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Tickmill Brokerage’s innovative tools have set a new benchmark for the brokerage industry. The firm’s dedication to innovation stands out among competitors and is a crucial selling point for the organization.

 

👉 Tickmill is a dependable STP broker with a fantastic trading interface. In addition, Tickmill’s support for MT5 opens the door to an even greater variety of assets for experienced traders and the numerous currency pairings already accessible.

 

👉 When a new trader signs up for a Live account, $30 is automatically deposited into their account. Advantages of the Pro account, such as reduced spreads and fees, access to a wide variety of assets, etc., are replicated in this trading account.

 

👉 Botswanan traders must note that the usage of Expert Advisors (EAs) is prohibited on no-deposit bonus accounts, which is something to keep in mind.

 

👉 Traders must note that the following terms and conditions apply:

➡️ New customers from non-restricted countries interested in creating a live trading account with Tickmill Ltd are the only ones eligible for the Welcome Account (FSA SC Regulated).

➡️ Welcome Accounts are not permitted to use Expert Advisors (EAs).

➡️ Existing clients cannot create a Welcome Account.

➡️ Only one Welcome Account per Client is permitted.

➡️ Trading conditions on the Welcome Account are the same as those on the real-money Pro account.

➡️ A client may adjust the leverage level of the Welcome Account up or down as they see fit.

➡️ For 60 days after the Welcome Account is opened, trading is permitted. Once the 60-day period has elapsed, trading will be suspended. However, the Welcome Account will remain active for another 14 days, so any profits may be withdrawn.

➡️ The Welcome Account may be opened in US Dollars.

➡️ The Welcome Account will have US$30 deposited into it without any action on your part.

➡️ Suppose Tickmill detects a partial or full match of an IP address or other indicators of Welcome Accounts belonging to the same individual. In that case, Tickmill retains the right to refuse a bonus request or ban the Welcome Account.

➡️ The Welcome Account’s initial deposit is nontransferable and cannot be accessed at any time.

➡️ The client may withdraw between $30 and USD 100 from the Welcome Account to their Tickmill Ltd. Wallet.

➡️ Only one withdrawal request may be made per Client to move funds from the Welcome Account to the Client’s Wallet.

3. SuperForex

Overall Rating

Min Deposit

USD 1 / 13 BWP

Regulators

IFSC

Trading Desk

Meta Trader 4

Crypto

Yes

Total Pairs

300

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 SuperForex was founded in 2013 to make currency exchange more accessible to the public. Although the broker’s headquarters are in Belize (Central America), its operations span more than 150 countries.

 

👉 SuperForex enables residents of Botswana to engage in foreign exchange trading with no necessary starting capital. This is a great chance for prospective clients to assess SuperForex’s services without risking their own money.

 

👉 Botswanan traders can receive a $88 bonus with no investment, plus another $99 bonus with only a $10 deposit.

4. FBS

Overall Rating

Min Deposit

USD 1 / 12 Pula

Regulators

IFSC, FSCA (South africa), ASIC, CySEC

Trading Desk

MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform.

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Welcome Bonus

$140 (1 718 PulaFind out More)

Account Activation Time

24 Hours

👉 FBS is a globally recognized and well-regulated broker. With FBS, traders can trade foreign exchange (Forex), metals, commodities, indices, stocks, and more than 35 digital assets.

 

👉 In addition to its FBS Trader App, FBS provides complete support for the trading platforms MetaTrader 4 and MetaTrader 5.

 

👉 Additionally, Botswanans who trade more than three lots each month are entitled to a free virtual private server and the copy trading platform provided by FBS.

 

👉 There are three types of no-deposit promotions offered by FBS. First, FBS makes it possible for novice traders to get some expertise without putting their own money on the line by providing a Level Up Bonus Account funded with 70 USD.

 

👉 In addition, if you follow the guidelines that FBS gives, there is a possibility that you may be qualified to get a free $140 bonus without having to make a deposit first.

 

👉 Furthermore, Botswanans can qualify for a Quick-Start bonus of 100 USD when they sign up for an account on the FBS Trader.

 

👉 The Quick Start Bonus helps traders get started in trading forex through a 7-step program that will teach traders about the risks involved with trading.

 

👉 Traders get the trading credit to explore the FBS trader app and live market conditions, allowing them to make their first profits risk-free.

 

👉 Another benefit is that the FBS no-deposit bonus may be withdrawn if certain conditions have been met. However, until those requirements have been met, the bonus can only be used as trade credit for trading activities.

5. JustMarkets

Overall Rating

Min Deposit

USD1

Regulators

FSA, CySec

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Just Global Markets, a brokerage business based in Seychelles and created in 2012, is the parent company of JustMarkets, founded the same year.

 

👉 You can choose from seven trading accounts on JustMarkets, each with features and conditions tailored to a certain trader style. In addition, JustMarkets offers Botswanan traders a unique advantage by granting them a Welcome Account loaded with 30 USD.

 

👉 All traders must provide a valid cellphone number to qualify for this account. Traders can use this credit to trade at least 5 standard lots (100,000 units of the base currency) within 30 days. In addition, traders must make a profit or loss of at least 6 pips (60 points or 60 USD).

 

👉 Profits can be transferred from the JustMarkets Welcome Account to either a Standard Cent, Standard, Pro, or Raw Spread Account via internal transfer, after which traders can withdraw their profits to a bank account.

 

👉 Botswanan traders must note the following rules:

➡️ Only those with a Welcome Account can get the Welcome Bonus.

➡️ Welcome accounts are not available to pre-existing customers.

➡️ Customers are limited to one Welcome account per household, and the $30 bonus is only available once per household.

➡️ It is strictly banned to create numerous Bonus accounts, whether for the Client or other people (such as family members) who are not the actual account holders. 

➡️ A trader must sign up for a Back Office and create a Welcome account to get the Welcome Bonus. Accounts will be promptly credited with Bonus money.

➡️ Here are the specific no-deposit conditions that apply:

➡️ The currency of the account is only in USD.

➡️ The maximum order volume per position is 0.01 lot.

➡️ The maximum number of positions that can be opened simultaneously is 5.

➡️ You can trade Forex and metals on the Welcome Account.

➡️ You may not use Expert Advisors (EAs).

➡️ After signing up for the Welcome Bonus, you have 30 days to register a Welcome Bonus Account to claim your bonus.

➡️ Within 30 days after establishment, the Welcome Account can be used for trading. Trading will be halted after 30 days. However, the Welcome Account can be used to withdraw funds until the end of the following trading month.

➡️ A minimum deposit of $100 (or currency equivalent) must be made to a live account before a customer is permitted to transfer profits earned in their Welcome Account to another live account. The first deposit can be made simultaneously or in increments of your choosing. This sum must be placed after the Bonus trading requirements have been met.

➡️ 30 USD is the amount of profit that may be cashed out. After Bonus requirements are met, the profit may be withdrawn. When you deposit at least $100 or its equivalent into your Live Trading Account, the broker will move the funds from your Welcome Account. You cannot withdraw the money until the profit is $30 or more.

➡️ You cannot send more than $30, and you cannot send less than that.

➡️ Only one request to move funds from the Welcome Account to a live trading account is permitted per customer at any time.

➡️ Within 2 hours of the transfer request, the Finance Department will complete the transaction within normal business hours. Therefore, after the Company has received the Client’s request, it will take no more than 24 hours to fulfill it.

➡️ After the funds have been transferred, the Welcome Account will no longer be active, and trading will cease. The Account will be reset to zero, and the Bonus will be entirely nullified.

6. 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

👉 Core Spreads, the company that would eventually become Trade Nation, was started by a single individual. With no excessive fees or commissions, Trade Nation has risen to the top of the market for traders.

 

👉 In 2019, Core Spreads rebranded as Trade Nation. Despite its youth, the company has quickly become a major participant in the FX and CFD trading sectors.

 

👉 Botswanan traders can easily join Trade Nation’s loyalty program and get 1,000 trading points as a bonus, with no initial deposit required, after verifying their identities and creating trading accounts.

 

👉 Also, Botswanans may earn points in their Trading Nation Account according to their trading volumes.

7. InstaForex

Overall Rating

Min Deposit

USD 1

Regulators

CySEC, FSC

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

4

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 InstaForex delivers the solution from the world’s leading developers, allowing Botswanans to trade with the best counteragents offering direct market access. Foreign exchange trading platform InstaForex is headquartered in Limassol, Cyprus. In 2007, the business first opened for business.

 

👉 However, InstaForex is used by over 7 million traders, making it a worldwide platform. InstaForex’s overarching mission is to serve traders honestly and respectfully while offering numerous services.

 

👉 This broker provides a full suite of educational and support materials, in addition to its great technical solutions and some of the best market trading conditions. The No-Deposit Bonus from InstaForex is an excellent chance to begin Forex trading.

 

👉  This is your entry point to the world’s biggest and most liquid market, which has become many traders’ primary source of reliable income.

 

👉 With a $1,000 incentive, you can assess our unrivaled order execution quality in actual trading situations with no risk or personal investment. The bonus is promptly paid upon request and is immediately accessible for trade.

 

👉 Botswanans must note that the following bonus terms and conditions apply:

➡️ The InstaForex Startup Bonus requires no initial funding from the trader. This offer is available to all new customers that sign up with the Company.

➡️ The Client must provide their identification information when establishing the account to which the InstaForex Startup Bonus will be awarded.

➡️ After the Bonus has been awarded, all changes made to the Full Name field will be invalid.

➡️ You cannot cash out the bonus money. However, profit from trading the bonus money is, nevertheless, withdrawable subject to the provisions of InstaForex’s bonus agreement.

➡️ This InstaForex Welcome Bonus is for Clients who are just getting started with Forex trading. When Botswanans deposit funds into the account, the Bonus is immediately nullified.

➡️ Suppose the Client does not deposit into the account credited with the InstaForex Startup Bonus within 7 days of receiving the Bonus. In that case, the Client acknowledges that the account will be turned into a demo account.

➡️ The InstaForex Startup Bonus and any profits made while trading with the Bonus funds are treated as virtual money once the first trading period has ended.

➡️ If the Client reloads an account that was first funded with an InstaForex Startup Bonus, the bonus amount will increase to 100% of the Client’s initial deposit.

➡️ As an added incentive, if the client achieves a profit of 10% trading their InstaForex Startup Bonus and makes their first deposit within 7 days of receiving the Bonus, they will get a 110% bonus on their first investment.

 

👉 Using the InstaForex no-deposit bonus, Botswanans can trade these asset classes:

➡️ Forex

➡️ Metals

➡️ Cryptocurrency

➡️ Commodities

➡️ Equities

➡️ Energies

➡️ Indices

8. FreshForex

Overall Rating

Min Deposit

USD 10

Regulators

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

on Fresh Forex’s website

👉 FreshForex, run by Riston Capital Ltd, is a Saint Vincent and the Grenadines-based offshore brokerage founded in 2004. FreshForex is a forex broker that offers Forex and CFD trading through many account types and the MT4 trading platform.

 

👉 Bonuses, demo accounts, leverage, and deposits are discussed in this study. FreshForex provides each new customer with $2021 for fully-fledged Forex trading. Free bonus monies are credited immediately after account registration, and no personal information verification is required.

 

👉 This special incentive requires no personal investment and yields cashable profits. In addition, Botswanans can follow these steps to withdraw their FreshForex No-Deposit Bonus:

➡️ Save the earned profit by filling the Forex trading account with a sum equal to or more than the obtained profit within seven days of receiving the bonus.

➡️ Complete 1 lot for every $5 of earnings saved within 30 days.

➡️ Contact firm management using the Client Area feedback form to transfer earnings to Balance.

➡️ Withdraw the earnings gained with the assistance of the bonus or invest it.

9. ForexChief

Overall Rating

Min Deposit

Regulators

Trading Desk

Crypto

Total Pairs

Islamic Account

Trading Fees

Low

Account Activation Time

24 Hours

👉 ForexChief offers a variety of assets on trusted and user-friendly MetaTrader platforms to facilitate online trading in Forex and CFDs. In addition, the broker supports several trading techniques, account payment mechanisms, and account types for all trading strategies.

 

👉 ForexChief is a certified securities dealer to deliver high-quality, low-cost Forex and CFD trading services through the Internet. It was founded in 2014, and its headquarters are in Vanuatu, with additional representative offices in Switzerland, Singapore, and Nigeria.

 

👉 ForexChief offers a free 100 USD bonus. It is the ideal approach to evaluate the company’s offerings and your selected trading technique. The No-Deposit-Bonus will be instantly granted inside the ForexChief mobile application upon completing account Verification.

 

👉 The advantages of the ForexChief no-deposit bonus are:

➡️ Traders need not deposit funds into an account to start trading.

➡️ The verification process is quick.

➡️ The 100 USD is automatically credited to the ForexChief app once account verification is completed.

➡️ The no-deposit bonus does not expire.

➡️ Once traders have achieved the required trading volume, they can withdraw their 100 USD.

➡️ ForexChief does not restrict traders in terms of trading strategies or trading robots.

 

👉 Botswanans must note that the following terms and conditions apply:

➡️ To get the $100 No-Deposit Bonus, you must open an MT4.DirectFX, MT4.Classic+, MT5.DirectFX, or MT5.Classic+ account.

➡️ Install the ForexChief application from Google Play or Huawei AppGallery and finish the internal verification process.

➡️ The No-Deposit-Bonus may only be claimed inside the application when the customer has been properly verified.

➡️ Profit may only be withdrawn if the account’s trading volume reaches USD 10,000,000. The trading turnover in US dollars for each order equals the sum of two transactions: the transaction for opening an order and the transaction for cancelling an order.

➡️ Maximum Profit, which may be withdrawn after meeting turnover requirements, is $100. When withdrawing the Profit for the first time, all monies, including the Bonus, will be deducted from the account.

➡️ The MT4/MT5 account with the No-Deposit-Bonus is a standard trading account that may be refilled without limitation. On the contrary, only your cash may be withdrawn from the account if the Bonus is active (meaning the requisite turnover has not been met).

➡️ The MT4/MT5 account with the No-Deposit-Bonus is a standard trading account that may be refilled without limitation. On the contrary, only your cash may be withdrawn from the account if the Bonus is active (meaning the requisite turnover has not been met).

10. TemplerFX

TemplerFX

👉 TemplerFX was established in 2004 and is a St. Vincent and the Grenadines-based broker for the Forex, CFDs, and commodities markets. In addition, TemplerFX provides a variety of tradable instruments.

 

👉 Templer FX provides outstanding service to retail and corporate customers, building long-term relationships that allow us to adapt to their changing demands more effectively and proactively.

 

👉 Templer FX claims its mission is to provide its customers with the finest forex trading practices and services.

 

👉 Saint Vincent and the Grenadines’ Financial Services Authority (FSA) has registered TemplerFX under the International Business Companies Act (Amendment and Consolidation).

 

👉 To qualify for the no-deposit bonus, you must register in the TemplerFX Members area. A predetermined quantity of money awarded as the No-Deposit-Bonus provides every trader the option to begin trading on the Forex without a starting capital.

 

👉 However, you must quickly authenticate your account in the Members’ Area to withdraw the profits from your bonus. In addition, the absence of prior registration in the Members area is a prerequisite for receiving the No-Deposit-Bonus.

 

👉 To acquire the right to withdraw a bonus or earned a profit, you must satisfy just a few flexible requirements. In addition, traders must note the following bonus terms and conditions:

➡️ Each new TemplerFX client is only eligible to get the No-Deposit Bonus once. The bonus cannot be combined with other rewards.

➡️ The No-Deposit-Bonus is only offered to accounts that have undergone a thorough verification process.

➡️ Profit and Bonus itself may only be withdrawn and transferred internally if the volume criteria have been reached.

➡️ The No-Deposit-Bonus is activated in the applicant’s Member area, and its funds are immediately accessible for 30 calendar days.

➡️ When the 30-day period expires, and the terms of the offer are not satisfied, the bonus monies expire immediately.

➡️ Once the needed turnover volume has been met, trading must end. Then, the profit must be deposited into a real trading account, which will stay until the minimum deposit is made. Then, the combined funds will be accessible for withdrawal or further trading activity.

➡️ To withdraw the profit produced with bonus money, the customer must comply with the following terms and conditions:

➡️ Trade a volume total of 5 lots for NDB accounts.

➡️ The maximum number of concurrently open positions allowed for an NDB account is 0.3 lots.

➡️ Verify a debit/credit card.

➡️ Deposit a minimum of 10 USD during the 30-day bonus period.

➡️ The maximum amount that can be withdrawn from NDB accounts is $100. The excess cash will not be moved to the real trading account and will be made accessible for withdrawal.

➡️ There is no option to take just a portion of the bonus sum; only the whole bonus amount may be withdrawn.

➡️ The bonus must be in your account when your withdrawal request is evaluated. The business maintains the right to deny the withdrawal request without justification.

➡️ The firm retains the right to cancel the No-Deposit-Bonus and voided trade results without warning.

➡️ Therefore, it is discouraged to use the bonus/profits while determining the profitability of your trading plan. Furthermore, since the business holds the collected bonus until the number of lots stipulated in Clause 6 of this Agreement is sold, the company is not liable for any repercussions of the bonus’s cancellation, including the stop-out.

➡️ The Maximum leverage for No-Deposit-Bonus recipients is 1:2000.

➡️ 30% is the stop-out threshold for NDB accounts.

➡️ The customer acknowledges that if the firm detects any fraudulent behavior in connection with the incentive, the bonus may be deemed worthless, and the trading result may be voided.

➡️ The Company maintains the right to change or alter the conditions of the promotion without previous notification.

➡️ Tanzania, Kenya, Somalia, Indonesia, Pakistan, Rwanda, Zambia, Uganda, Malaysia, Vietnam, and Uzbekistan do not have access to NDB accounts.

11. Forex.ee

Forex.ee

👉 Forex.ee is an ECN broker in Estonia that has been in business since 2004. However, there is no regulatory body known to monitor this broker. Therefore, traders are urged to establish a live trading account until aspects such as money security can be checked.

 

👉 Forex.ee is a contemporary and active broker that provides trading solutions and services to traders worldwide.

 

👉 Forex.ee allows traders to deal in Forex and cryptocurrencies using the famous and powerful MetaTrader 4 platform.

 

👉 ECN technology assures that brokers and traders have no conflicts of interest. In addition, it offers advantageous trading conditions, including narrow spreads, cheap fees, and interbank liquidity. With Forex.ee, Botswanans can open an STP Account to receive a no-deposit bonus of 15 USD.

 

👉 Botswanans must note that the terms and conditions of this bonus are as follows:

➡️ Traders must register an STP Account and contact customer support via live chat or the trader’s personal manager.

➡️ Next, traders must provide Forex.ee with an account statement from a previous broker to show a deposit of at least 50 USD in the last year. In addition, traders must provide a valid and active cellphone number.

➡️ Traders must note that they cannot transfer the bonus to another Forex.ee trading account.

12. AVFX

AVFX

👉 The international clientele of AVFX Capital, a foreign exchange broker, ranges from small businesses to conglomerates. Many MetaTrader 4 account options are available from AVFX, and the broker provides more than 30 different currency pairings.

 

👉 AVFX claims to be run by a team of well-trained and informed professionals. The broker provides a range of financial instruments and powerful trading platforms through which trading can commence.

 

👉 AVFX offers a 100 USD no-deposit bonus to all traders, and Botswanans must note the following on the no-deposit bonus:

➡️ Bot new and existing clients can qualify for this one-time bonus in the Personal Area of the website.

➡️ The welcome bonus can only be granted and used once.

➡️ To opt for this bonus, Botswanans can:

➡️ Register a Welcome Account in the AVFX Personal Area.

➡️ Verify your email.

➡️ Receive the 100 USD no-deposit bonus.

➡️ Learn to trade and trade at least 20 standard lots within 30 days to become eligible to withdraw 100 USD in cash from profits earned.

➡️ Botswanan traders who fulfil the bonus requirements before the 30 days will have their profits converted instantly.

➡️ Botswanans must note that the following conditions apply to the Welcome Bonus:

➡️ The account currency is set at USD.

➡️ The minimum order volume is 0.01 lots.

➡️ The maximum leverage on the account is 1:100.

➡️ Traders may only have 10 simultaneous positions open.

➡️ Botswanans can trade Forex Majors, Metals, crypto energies, Indices, UK Shares, US Shares, or EU Shares on this account.

➡️ On the 31st day of promotion participation, the system will automatically deduct the bonus from your MT4 Real active trading accounts.

➡️ You may also withdraw the extra profit manually. However, your bonus will be revoked even if you meet all other requirements.

➡️ No further bonus earnings may be more than the original bonus sum. In this case, if the bonus were $100, the net income would be less than or equal to $100.

13. FXGiants

FXGiants

👉 Notesco UK Limited, doing business as FXGiants, is a company with its headquarters in London and is authorized and regulated by the Financial Conduct Authority (FCA). Trading as Notesco Pty Ltd, a company authorized by the Australian Securities and Investments Commission (ASIC).

 

👉 FXGiants is a fictitious company called Notesco SVG Limited. Traders must use the office associated with their country of registration. FXGiants BM serves traders from more than 150 countries across the world.

 

👉 After signing up, traders can access the Hub, FXGiants’ client site. After logging in, customers may engage in financial market transactions utilizing the platform’s unified interface.

 

👉 FXGiants offers two no-deposit bonuses as follows:

➡️ Email Verification bonus gives traders a 10 USD credit bonus.

➡️ The phone Verification bonus provides a 15 USD credit bonus.

 

👉 Botswanan traders who are interested in these bouses must note the following terms and conditions:

➡️ The no-deposit bonus runs from January to December 2022.

➡️ Traders must register either FXGiants Live Floating or Live Fixed Spread Accounts.

➡️ The no-deposit bonus will not be credited if the account is already associated with another bonus.

➡️ Traders with an account funded via an Introducing Broker are not eligible for the bonus.

➡️ The no-deposit bonus is only credited to a verified trading account.

➡️ FXGiants can terminate any client profile when traders create multiple new accounts with the same IP to exploit or misuse the no-deposit bonus.

14. Windsor Brokers

Overall Rating

Min Deposit

Regulators

Trading Desk

Crypto

Yes

Total Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Windsor Brokers has been around since 1988, making them a major player in the CFDs and forex trading markets. Any trader using this online platform can be certain that they will get first-rate brokerage assistance while dealing in foreign currency.

 

👉 While it has been active in the financial markets since 1988, the firm just started using its current FX business strategy in 2005. For those looking for a reliable FX and CFD trading platform that also serves institutional investors, Windsor Brokers is among the best options.

 

👉 Windsor Brokers’ tried-and-true business strategy, which places special emphasis on the Middle East, is still strong. Windsor Brokers offers all newly registered traders a 30 USD Free Account to get them started.

 

👉 Interested traders must register a Prime Account and set the base currency to USD, EUR, GBP, or JPY.

 

👉 Botswanan traders who are eligible for the Windsor Brokers 30 USD no-deposit bonus must note that the following terms and conditions apply:

➡️ Any amounts credited to your Account by the Company are a type of trade credit that cannot be withdrawn or transferred and expires six months from the date the credit was issued.

➡️ Withdrawals from the Client’s Account are permitted after the Client’s closed lots have reached 0.5 and the Client’s total number of deals has reached 10.

➡️ Trading credits will be cancelled without notice if a withdrawal request is received that violates the terms outlined above.

➡️ The awarded amount will be nullified if the Account is dormant for 30 days or longer within the 6-month validity period.

➡️ Should the Account be blocked, the credit balance will be paid off.

➡️ Please note that each household is limited to a single free 30-dollar account. No one may sign up using someone else’s information, including a sibling, spouse, parent, child, grandparent, great-grandparent, great-grandchild, cousin, friend, or acquaintance.

➡️ In its sole discretion, the Company may terminate the $30 Free Account Promotion at any time and without prior notice, refuse to give the $30 Free Account Promotion to any applicant, and terminate any new customer’s $30 Free Account.

➡️ This offer of a free $30 account is not valid in conjunction with any other offer.

➡️ If a customer opens an account using false or misleading information, they will not be eligible for the $30 bonus.

How to Choose the Right Forex Broker 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 Forex Brokers in Botswana

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

 

Best MetaTrader 4 / MT4 Forex Broker in Botswana

Overall Rating

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

logo 19

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

👉 No-deposit forex bonuses meet traders’ demands, including novice and seasoned traders. Beginners may study the tactics on the platform of intermediary operations with the aid of the no-deposit bonus.

 

👉 However, before signing up with a Forex No-Deposit Broker, Botswanans must ensure that they are dealing with a legit and trusted entity to avoid the risk of loss when they deposit funds eventually.

FAQ

Can Botswanans trade Forex without a deposit?

Traders can get a free head start in forex trading thanks to the no-deposit incentives provided by several brokers.

These incentives are designed for traders who like to experiment with different strategies in a risk-free setting before committing any real money.

 

How can I find a good no-deposit forex broker in Botswana?

Traders can use demo accounts, evaluate forex broker reviews, visit forex forums, and conduct Google searches to find the best no-deposit forex brokers.

 

Does Exness offer a no-deposit bonus?

Exness does not currently offer a no-deposit bonus.

 

Is Forex a good place to start for beginners?

Forex has a low entry barrier because it is the largest financial market. However, trading forex may be a challenging endeavour that is not a good fit for everyone.

Whether foreign exchange (FX) is a suitable choice for you depends on your current financial situation, your long-term objectives, and your level of investment expertise. Since many forex traders lose money, prudence is essential for newcomers.

 

How can I withdraw my withdrawal bonus in Botswana?

To become eligible for withdrawal, you must fulfil the trading volume requirements set out by your broker in their bonus terms and conditions.

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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