8 Best Social Trading Platforms in Botswana
The 8 Best Social Trading Platforms in Botswana revealed. We tested and verified the best Social and Copy Trading Platforms in Botswana.
This is a complete guide to social trading platforms in Botswana.
In this in-depth guide you’ll learn:
- What is a social trading platform?
- What to consider before social trading?
- How to choose the ideal social trading platform – Compare them side by side against each other.
- Which broker offers the best Copy Trading Platform?
- Which brokers offer a sign-up bonus for first-time traders?
- Which broker offers a minimum deposit of $5 (64 BWP)?
- Which broker offers Apps on Android IOS devices?
- Which brokers accept M-PESA?
And lots more…
So if you’re ready to go “all in” with the top social trading and copy trading brokers’ platforms…
Let’s dive right in…
- Louis Schoeman
8 Best Social Trading Platforms in Botswana
- eToro – Overall, Best Social Trading Platform in Botswana
- AvaTrade – Top Broker for Beginner Traders
- cTrader – Best Social Trading Platform for Experienced Traders
- ZuluTrade – Pioneering Copy Trading Platform in Botswana
- NAGA – Top Proprietary Trading Platform
- MetaTrader 4 – Best Guides for Botswana Traders
- MetaTrader 5 – Top Multi-Asset Social Trading Platform
- FXCM – Top ECN Broker for Social Trading in Botswana
What is Social Trading?
Social Trading Defined
👉 Social trading is a way to invest that is based on community participation. Investors follow and watch how other people trade.
👉 Usually, this so-called community takes place on a platform where traders can watch what other traders do, read their comments and opinions, and make their own comments and opinions.
👉 Social trading gives you a fascinating look at how successful traders look at and analyze financial data. You can also use copy trading to copy their exact moves and strategies.
👉 Social trading is a general idea that includes copy and mirror trading and specific trading strategies that can be used because of the social trading environment.
👉 Social trading is becoming increasingly popular, making many traditional finance jobs obsolete. For example, since the financial crisis, clients have lost a lot of trust in wealth management advisors overall.
1. eToro
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.
Overview
👉 eToro is the greatest copy trading platform available on the market. eToro is home to hundreds of verifiable traders who can be replicated with the touch of a button. Thus, there is an investor suitable for most financial objectives.
👉 In addition, it is one of the greatest Islamic brokers licensed by various financial agencies, and 2,700 BWP / 200 USD is the minimum amount that must be allotted to each trader.
👉 There are no extra costs associated with copying a trader, and thus there is no need to participate in a profit-sharing agreement.
👉 eToro has an extensive selection of criteria, making it simple to identify a suitable trader. For example, customers can search for traders based on their past trading success, favourite asset class, given risk rating, and maximum drawdown, among other factors.
👉 Once a trader is chosen, and the position is validated, the investor’s eToro portfolio will reflect all future investments made by that trader. Therefore, the eToro copy trading feature permits passive trading.
Notable Features
| Feature | Information |
| ⚖️ Regulation | CySEC, FCA, ASIC, FinCEN, FINRA, SIPC, DNB, FSA |
| ⚖️ CBN Regulation? | No |
| 📊 Trading Accounts | Retail, Professional |
| 📊 Trading Platform | eToro trading app and web-based platform |
| 💰 Minimum Deposit (₦) | 83,000 NGN equivalent to $200 |
| 💰 Trading Assets | Forex pairs, Commodities, Exchange-Traded Funds (ETFs), Indices, Stocks, Crypto trading, Stocks |
| 🔎 Botswanan Naira-based Account? | No |
| 💳 NGN Deposits Allowed? | No |
| 💰 Bonuses for Botswanan traders? | Yes |
| 📈 Minimum spread | 1 pip EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| eToro has a strict and solid regulatory framework | There are limitations on leverage for retail traders |
| Client fund safety is guaranteed and there is consumer protection offered | There is a limited selection of retail investor accounts |
| eToro offers commission-free trading | Fixed spreads are not offered |
| There are over 2,000 complex instruments that can be traded | The spreads are not the tightest |
| The broker offers several trading opportunities and a social trading feature | There is a high minimum deposit on the Islamic Account |
| There is an award-winning proprietary platform offered | There is an inactivity fee charged on dormant accounts |
| eToro offers 24/6 dedicated customer services | |
| eToro offers a demo account and an Islamic Account | |
| Algorithmic trading and margin trading supported | |
| Real time quotes are offered alongside a wide range of benefits | |
| The mobile app is secure and features robust security such as two-factor authentication | |
| The app can be used as a wallet app for digital currencies | |
| Offers several resources that help traders make improved financial decisions with confidence | |
| Offers several helpful tools and services as a solid basis for investment decision along with investment advice | |
| Provides access to several popular cryptocurrencies that can be traded and crypto staking services | |
| There is a comprehensive portfolio management service and popular investor program offered |
2. AvaTrade
Overall Rating
- 4.9/5
Min Deposit
USD 100/ 1881 BWP
Regulators
ASIC, FSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 concentrates on CFDs (contracts for differences) for over 1,260 different products. Even though AvaTrade does not have its own copy trading functionality, the platform may be integrated with that other services.
👉 These include both ZuluTrade and DupliTrade. However, using any of these external platforms, novice traders may easily replicate the actions of more seasoned professionals with only a few mouse clicks.
👉 To use AvaTrade, you must first register an account and deposit at least 1,300 BWP / $100 into it. Botswanans can then decide which third-party supplier and copy investor they desire.
👉 Those interested in incorporating a customized trading strategy into their copy trading might choose AvaTrade. This is because AvaTrade provides investors with a cheap cost of trading by offering zero fees on CFD instruments and low spreads.
👉 Stocks, Forex, cryptocurrency, and index trading are all supported marketplaces. The AvaTrade platform also offers leverage, the limitations determined by the user’s country of residency and the asset being traded.
👉 AvaTrade also allows you to use MT4 and MT5, which is a huge plus. In addition, both platforms provide traders access to various technical indicators, chart kinds, order types, and other trading tools.
👉 AvaTrade also has a mobile app for iOS and Android. The user may see their current copy trading positions and place new orders.
Notable 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 / 1881 BWP |
| 💰 Trading Assets | Foreign currencies, Cryptocurrencies, Commodities, Treasuries, Bonds, Indices, Stocks, ETFs, Options, CFDs, Precious Metals |
| 🔎 Botswanan Pula-based Account? | No |
| 💳 BWP 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. cTrader
Overview
👉 For experienced traders, cTrader provides an alternative to the widely-used MT4 platform. This includes real-time price charts and the ability to duplicate methods, indicators, and custom orders.
👉 In addition, all cTrader’s hosted strategies are developed by independent traders. Although several methods have associated costs, some are available at no cost.
👉 Additionally, cTrader provides a risk-free practice trading environment. To determine the viability of a free strategy, users may put it through its paces over an extended period. In addition, strategies may be modified according to user requirements.
👉 This necessitates that cTrader users access the platform through a regulated medium, such as AvaTrade. This also implies that cTrader will not oversee determining trading costs and commissions but the brokerage site itself.
Notable Features
| Feature | Information |
| ⚖️ Regulation | None |
| 💳 Devices Supported | Web, Desktop, Mobile |
| 💵 Assets Supported | • Forex • ETFs • Cryptocurrencies • Indices • Commodities • Stocks |
| 📈 Number of Supported Brokers | 9 |
| 🥇 Timeframes | 26 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| cTrader is the ideal platform for more experienced social traders in Botswana | cTrader’s best strategies require a subscription |
| Traders can access a free stock trading facility via the cTrader platform | There are no additional social trading tools offered other than a forum |
| cTrader offers multilingual support | |
| There is a large range of custom and built-in technical indicators | |
| There are many free strategies that Botswanans can use |
4. ZuluTrade
Overview
👉 ZuluTrade was established in 2007 and is the industry’s pioneering copy trading platform. They provide an intuitive Copy Trading platform, making them a top pick among industry investors and traders.
👉 The company’s headquarters are in Athens, Greece. ZuluTrade connects users’ existing broker accounts to encourage social and copy trading. One of the top social wealth management systems is ZuluTrade.
👉 They have over 70 brokers you could connect with and a wide variety of copy trading tools. In addition, of course, trading features and conditions, including fees, depending on the broker you connect with ZuluTrade. However, the platform is great for investors and traders alike.
👉 ZuluTrade also provides account security in the form of ZuluGuard, guaranteeing that your money is always safe. In addition, those interested in investing may open a “Classic” account. In contrast, those interested in trading can open a “Trader” account.
Notable Features
| Feature | Information |
| ⚖️ Regulation | • Hellenic Capital Market Commission (HCMC) • Japan Investment Advisers Association |
| 💳 Devices Supported | Web and Mobile |
| 💵 Assets Supported | • Forex • Indices • Cryptocurrencies • Stocks • Commodities |
| 📈 Number of Supported Brokers | 70+ |
| 🥇 Timeframes | 26 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| ZuluTrade is one of the oldest copy and social trading platforms in the industry | Trades can only be placed through a supporting broker |
| The platform is transparent and offers detailed statistical analysis of signal providers | There are limits on crypto and commodity trades |
| Botswanans can easily automate their portfolios |
5. NAGA
Overview
👉 Copy trading platforms like Naga will mimic your every move. For example, you can see the performance of other traders by looking at their rankings on the leader board and choosing who to mimic to maximize your own trading profits.
👉 The NAGA Portfolios are only one example of the forefront financial options available on the NAGA Proprietary platform, which also facilitates social networking and social trading.
👉 Social trading is made possible on the NAGA proprietary platform with access to expert trading tools, the ability to mimic the trades of other users automatically, and the chance to interact with a community of social traders.
👉 Multiple payment options are supported, including a Personal IBAN and a NAGA Card. NAGA gives you access to over a thousand different assets with a minimum investment of just 3,300 BWP / $250.
Notable Features
| Feature | Information |
| ⚖️ Regulation | CySEC, BaFin |
| 💳 Devices Supported | No |
| 💵 Assets Supported | • Iron Account • Bronze Account • Silver Account • Gold Account • Diamond Account • Crystal Account |
| 📈 Commissions | From 0.1% |
| 🥇 Timeframes | 26 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| NAGA offers a decent selection of educational materials for beginners | Withdrawal fees apply |
| NAGA is known as a pioneer in copy trading | There is lower protection for traders who register through the offshore entity |
| There is a large range of instruments offered to Botswanans | Traders will be disappointed to find that the web version of NAGA does not support one-click trading or stop-loss orders |
| The platform is well-regulated, and Botswanans are assigned a personal account manager | |
| Traders can trade real assets and CFDs |
6. MetaTrader 4
Overview
👉 There is not much that MetaTrader 4 cannot accomplish. Therefore, it is a comprehensive, innovative, and versatile trading platform. While more experienced traders will benefit more from the platform’s features, newcomers should have no trouble learning their way around.
👉 In addition, Botswanans can use several videos and guides to learn the ins and outs of the platform, making up for the lack of actual customer support.
👉 Botswanans can easily automate their trades by writing custom indicators in MT4’s proprietary coding language, one of the platform’s most valuable features. The software supports over 30 languages and allows you to mimic the trades of more experienced users.
👉 The foreign exchange market is where MT4 is most often utilized. However, it may also be used for options and futures trading.
👉 Neither human nor automated financial advisers are available via MetaTrader 4. However, additional functionality, like real-time advisor help, may be available in MT4, depending on your brokerage.
Notable Features
| Feature | Information |
| ⚖️ Regulation | None |
| 💳 Devices Supported | Mobile, Web, Desktop |
| 💵 Assets Supported | • Forex • Stocks • Indices • Commodities |
| 📈 Number of Supported Brokers | 750+ |
| 🥇 Timeframes | 9 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| MetaTrader 4 is beginner-friendly and offers an advanced trading suite | MT4 is not traditionally a copy-trading platform |
| Traders can access several trading strategies via third-parties | There are no inherent social trading features, and it depends on the broker that Botswanans use |
| Traders can use MT4 on mobile, desktop, and web browsers | Traders must connect with MT4 through a broker |
| There is a demo account offered along with educational materials | |
| There are more than 750 brokers that already use MT4 |
7. MetaTrader 5
Overview
👉 MetaTrader 5 is a multi-asset, multi-functional, institutional trading platform. MetaTrader 5 supports trading in equities and commodities, unlike MetaTrader 4, which primarily focuses on the FX market.
👉 In addition to web, online, and mobile versions, it provides services like trading robots, a database of freelance strategy creators, copy trading, and virtual hosting. Your computer can become a fully automated trading system using the MQL5 programming language with the MetaTrader 5 platform.
👉 It can follow financial symbols 24 hours a day, replicate transactions, generate, and distribute reports, evaluate news, and even give a customized graphical user interface.
Notable Features
| Feature | Information |
| ⚖️ Regulation | None |
| 💳 Devices Supported | Mobile, Desktop, Browsers |
| 💵 Assets Supported | • Metals • Forex • Equity Indices • Cryptocurrencies • Futures • Commodities |
| 📈 Number of Supported Brokers | 100+ |
| 🥇 Timeframes | 21 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| MetaTrader 5 is beginner friendly | Traders cannot hedge on exchange markets |
| 21 timeframes can be applied to charts | The advanced tools and features might be confusing for beginners |
| There is a comprehensive suite of analytical tools provided to traders | |
| Several asset classes can be traded using MT5 | |
| MT5 is offered on mobile, web, and desktops |
8. FXCM
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
Overview
👉 FXCM’s support for ZuluTrade makes it a strong option for copy trading. In addition, it is a wonderful alternative for traders who value sophisticated trading tools and quality research. However, FXCM’s breadth of markets remains limited, and its pricing is mediocre.
👉 FXCM provides “At Market” orders, susceptible to slippage, and “Market Range” orders, less susceptible to slippage but might be rejected if the specified price or price range is no longer available. Similarly, limit orders are more susceptible to positive slippage.
👉 For $30 a month, Botswanans can also follow prominent traders on the Zulutrade platform. A social trading platform in which transactions are performed using FXCM’s competitive spreads, and 25% of earnings are given to the trader if their return on investment is successful.
👉 Zulutrade allows clients to trade equities, FX, CFDs, and cryptocurrency. Zulutrade employs sophisticated algorithms and a specialized trading department to pick its traders.
Notable Features
| Features | Information |
| ⚖️ Regulation | FCA, ASIC, CySEC, FSCA |
| 💸 Minimum Withdrawal Time | – |
| 📈 Maximum Withdrawal Time | 2 to 4 working days |
| 💰 Instant Deposits/Withdrawals? | Yes, deposits |
| 💳 BWP-Denominated Account? | No |
| 📱 Minimum Deposit Amount | 660 BWP ($50) |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FXCM supports both CFD and forex trading and offers several trading options | There are high commission charges |
| Botswanans can access leverage up to 1:400 | An inactivity fee and currency conversion fee are charged |
| Several asset classes can be traded | There is a limited choice between retail accounts |
| FXCM offers several trading platforms and trading tools that Botswanans can use to their advantage | Does not support MT5 |
| There are competitive spreads on the CFD account | There is no option to register an account denominated in BWP |
| There is a demo and Islamic account | Withdrawal fees apply |
| FXCM is well-regulated by four reputable entities | The Islamic Account faces additional fees |
| Client fund security and investor protection are guaranteed |
How to Choose the Right 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
- 4.6/5
Min Deposit
USD 25
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/ 1881 BWP
Regulators
ASIC, FSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, AvaTrade is the best MetaTrader 5 forex broker in Botswana. In addition, AvaTrade is regarded as one of the most secure MT5 forex brokers.
👉 No commission is charged for trading currency pairings, only leaving the spread to be paid. A demo account is also available for traders to sharpen their abilities via MT5 and several other platforms.
Best Forex Broker for beginners in Botswana
Overall Rating
- 4.1/5
Min Deposit
$100
Regulators
CFT, NFA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
50
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, FOREX.com is the best forex broker for beginners in Botswana. FOREX.com is a broker renowned for low trading fees and beginner-friendly solutions. In addition, FOREX.com offers several educational materials and a helpful demo account.
Best Low Minimum Deposit Forex Broker in Botswana
Overall Rating
- 4.9/5
Min Deposit
$10 / 188 BWP
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, Exness is the best Low Minimum Deposit Forex Broker in Botswana. Exness has a minimum deposit requirement of 10 USD / 130 BWP, making it easy for Botswanans to start trading 278 instruments.
👉 Exness also offers MT4 and MT5 through which trades can be made. In addition, it offers some of the best trading tools, charting capabilities, technical indicators, expert advisors, and more.
Best ECN Forex Broker in Botswana
Overall Rating
- 4.8/5
Min Deposit
USD 0
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
USD 0
Regulators
FCA
Trading Desk
MT4
Crypto
Total Pairs
300
Islamic Account
Trading Fees
Account Activation
👉 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
Regulators
CySec, FSCA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
60
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, FXTM is the best Nasdaq 100 forex broker in Botswana. FXTM is a multi-regulated forex and CFD broker that accommodates Botswanan traders with a keen interest in Nasdaq. Traders can expect low and competitive spreads, a choice between accounts, and powerful trading platforms.
Best Volatility 75 / VIX 75 Forex Broker in Botswana
Overall Rating
- 4.8/5
Min Deposit
USD 250 / 4702 BWP
Regulators
IGRs
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, IG is Botswana’s best Volatility 75 / VIX 75 forex broker. IG is one of the best CFD brokers with powerful proprietary trading technology.
👉 IG is well-regulated and offers Botswanans access to VIX75, with spreads from 0.04 pips / 0.13% and zero commission charges.
Best NDD Forex Broker in Botswana
Overall Rating
- 4.6/5
Min Deposit
$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
36
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, RoboForex is the best STP forex broker in Botswana. RoboForex is popular forex and CFD broker with competitive trading conditions. RoboForex offers STP execution with liquidity sourced from top providers.
👉 Botswanans can expect access to over 12,000 instruments via powerful and innovative third-party platforms.
Best Sign-up Bonus Broker in Botswana
Overall Rating
- 4.6/5
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
👉 Social Forex trading could be a fantastic source of passive income. However, before following and copying the trades of traders you want to follow, you must do your own due diligence.
👉 Always ensure that you comprehend the danger associated with this technique and be prudent with your hard-earned funds.
👉 If you are already a good trader, social network trading might allow you to make more money by sharing with other traders. However, potentially worrisome is the fact that others depend on your transactions to generate a profit, which is a disadvantage.
👉 To trade effectively in stocks, Forex, or cryptocurrency, you need considerable knowledge and the ability to interpret price charts.
FAQ
What is Social Trading in Botswana?
With social trading, individuals can instantly communicate and exchange data. One of the many advantages of this method is that it enables novice traders to observe the actions of seasoned pros and model their own behaviour accordingly.
Is Social Trading legal in Botswana?
Copy trading is legal in Botswana.
What is a Social Trading account in Botswana?
Using a social trading account, Botswanan traders can easily monitor the trades of their peers and professional traders. Therefore, the key goal of a social trading account is to mimic their trades and earn a profit.
Is Social Trading a safe option for Botswanans?
You should be aware that if you decide to follow the technique of another trader or traders utilizing the Social Trading features, you risk incurring losses that much outweigh your initial investment.
How can Botswanans start Social Trading?
Botswanans must evaluate their trading budget and overall risk appetite. Next, traders can review different social trading platforms and brokers, select a platform, and register an account with the broker or a broker that supports the platform.
Next, traders can filter through those who provide signals and start following them to evaluate and monitor their strategies to determine their suitability. Once traders are ready, they can start social trading with a demo account before risking capital.
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.
