8 Best STP Forex Brokers in Botswana
The 8 Best STP Forex Brokers for Botswanans revealed. We tested the best STP Forex Brokers for Botswana Traders.
This is a complete guide to STP Forex Brokers in Botswana.
In this in-depth guide you’ll learn:
- What are Straight Through Processing (STP) Forex Brokers?
- Which STP forex brokers offer the best trading platforms for Botswana traders?
- Which STP Brokers can you use with M-PESA?
- Which STP forex brokers are best for beginner Botswana Traders?
- Which brokers offer a sign-up bonus for first-time traders in Botswana?
- Which STP Brokers offer a mobile app on IOS and Android for Botswana Traders?
And lots more…
So if you’re ready to go “all in” with the best STP Forex Brokers…
Let’s dive right in…
- Lesche Duvenage
Best STP Forex Brokers in Botswana
| 🏛️ Broker | 👉 Open Account | 💵 Minimum Deposit | ✔️ STP Forex Broker? | ✔️ Offers a Botswana Pula Account? |
| 1. FBS | 👉 Open Account | USD 5 / 67 BWP | Yes | Yes |
| 2. Forex.com | 👉 Open Account | USD 100 / 1 342 BWP | Yes | No |
| 3. LiteFinance | 👉 Open Account | USD 50 / 669 BWP | Yes | No |
| 4. AvaTrade | 👉 Open Account | USD 100 / 1 342 BWP | Yes | Yes |
| 5. IG | 👉 Open Account | USD 250 / 3 363 BWP | Yes | No |
| 6. fpmarkets | 👉 Open Account | USD 100 / 1 343 BWP | Yes | No |
| 7. Pepperstone | 👉 Open Account | USD 0 / 0 BWP | Yes | Yes |
| 8. HFM | 👉 Open Account | USD 0 / 0 BWP | Yes | Yes |
10 Best Forex Brokers in Botswana
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What are Straight Through Processing (STP) Forex Brokers?
Straight-Through Processing (STP) brokerage firms are also known as Direct Market Access (DMA) brokers. These brokers give their traders direct access to the interbank FX market, where pricing and execution is done by the big banks acting as the liquidity providers.
Their product offering is tailored mostly to who have the experience and liquidity to match the large volumes of trade that are performed at the interbank level. You need a much bigger wad of capital to get involved this way.
8 Best STP Forex Brokers in Botswana
- ✔️ FBS – Overall, Best STP Forex Broker in Botswana
- ✔️ FOREX.com – Best Nasdaq100 Forex Broker in Botswana
- ✔️ LiteFinance – Lowest Spread STP Forex Broker
- AvaTrade – Top Broker for Beginner Traders
- IG – Best Sign-Up Bonus Forex Broker in Botswana
- FP Markets – Top STP NDD Forex Broker for Botswana Traders
- Pepperstone – Verified STP ECN Forex Broker
- HFM – Top STP Minimum Deposit Forex Brokers
1. FBS
Overview
FBS was founded in 2009 as an ST and ECN CFD broker dealing in foreign exchange, and it is supervised by the IFSC, CySEC, ASIC, and FSCA.
Since its establishment, FBS’ operations have expanded in size and scope; currently, millions of traders from over 190 countries use the brand’s services to trade Forex, commodities, metals, cryptocurrencies, and more.
Overall Rating
- 4.7/5
Min Deposit
USD 5 / 67 BWP
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
250
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Straight Through Processing (STP) and an Electronic Communications Network (ECN) are used in the FBS broker concept to create a hybrid framework. Since orders are sent electronically to the systems of the market’s liquidity providers, a dealing desk is not necessary.
Features
| Feature | Information |
| ⚖️ Regulation | IFSC, CySEC |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Botswanan Traders? | Yes |
| 💳 Minimum deposit (BWP) | USD 5 / 96 Pula |
| 📊 Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:3000 |
| 👥 Customer Support | 24/7 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FBS offers competitive trading conditions with some of the lowest spreads | There are wide spreads charges on some accounts |
| There are several account types to choose from | There is a limited number of tradable instruments |
| There are many social trading opportunities | There are several regional restrictions applied |
| There is an ultra-low minimum deposit requirement | |
| The broker is well-regulated and trusted |
2. FOREX.com
Overview
FOREX.com, founded in 2001, is a worldwide FX and CFD trading firm. FOREX.com offers investors direct access to liquidity provider transactions via its STP Pro Model.
The site provides more than ninety foreign exchange currency pairings, including major, minor, and exotic ones. With the STP Pro Model, traders can access the popular EUR/USD pair at a spread of no more than 0.2 pips.
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
With FOREX.com, Botswanans can expect that a standard lot trading volume will incur a mere $10 fee or 0.00001%. Furthermore, FOREX.com provides CFDs on various assets, including equities, indices, commodities, and energy.
Up to 50x leverage is available on major currency pairings such as EUR/USD, which is advantageous for high-risk traders. FOREX.com is a brand of StoneX Financial Ltd, the NASDAQ-listed parent business of which is StoneX Group.
Features
| Account Feature | Value |
| 📱 Minimum Deposit Required | 1343 BWP equivalent to $100 |
| 📉 Average Spreads | From 0.2 pips EUR/USD |
| 💻 Commissions Charged | None, only the spread is charged |
| 📊 Minimum Position Size | 0.01 lots (micro lots) |
| 📉 Rebates Added | 2 USD per side up to 100,000 USD |
| 📈 Maximum Leverage | Up to 1:200 |
| 💵 Margin Level for Hedged/Locked Positions | 50% |
| 💸 Execution | NDD and Market Execution |
| 💰 Margin Call | 25% |
| 👥 Stop-Out Levels | 15% |
| 🗣 Algorithmic trading offered? | Yes |
| 📞 Range of Markets Offered | • 36 Forex Pairs • Indices • Precious Metals • Energies • Cryptocurrencies • Shares |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FOREX.com is one of the top-rated brokers with a high trust score of 99% | FOREX.com charges conversion fees of 0.5% if the trader’s deposit and withdrawal currency differ from the base currency of the account |
| FOREX.com offers over 4,500 financial instruments to traders from around the world | Inactivity fees will apply to all dormant accounts |
| Botswanan traders can choose from three dynamic retail accounts according to their unique trading needs and objectives | FOREX.com does not offer a BWP-denominated account to Botswanans |
| There are advanced trading tools offered to more experienced traders, including TradingView, Recognia, AutoChartist, and more | There are only a few deposit and withdrawal options |
| There is a demo account offered in addition to an Islamic account option | |
| FOREX.com offers commission-free options |
3. LiteFinance
Overview
The variety of account options and the depth of market data offered to LiteFinance clients make this broker a great choice for novice and experienced traders. In addition, this broker’s competitive pricing results from the built-in markup in the spreads provided across its many asset classes.
This has the potential to make trading across different currency pairings less profitable. On the other hand, the total rates LiteFinance offers to traders are extremely low compared to other online brokers.
Overall Rating
- 4.5/5
Min Deposit
USD 50 / 669 BWP
Regulators
CySEC
Trading Desk
MetaTrader 4, MetaTrader 5, Web-based
Crypto
Yes
Total Pairs
40
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
In addition, the customer’s account is credited with a refund of the deposit charge after the funds have cleared.
It is important to note that LiteFinance’s two account categories have different pricing structures. For example, spreads might be marked-up, but no commissions are associated with the Classic account.
In contrast, a commission fee round trip per lot is applied to the ECN account, designed for professional and institutional customers.
Features
| Account Feature | Value |
| 📊 Starting Spread | Floating spread from 1.8 pips |
| 💵 Commission charges | • $0.25 per share • $0.5 per Contract on Stock Indices • $0.5 per lot on Energies • $10 on Forex Major Pairs • $20 on Forex Crosses • $20 on Precious Metals • $30 on Forex Minor Pairs • 0.12% on Cryptocurrencies |
| 📈 Trade execution type | Market Execution |
| 📉 Platform availability | • MetaTrader 4 • MetaTrader 5 • LiteFinance Social Trading Platform • LiteFinance Trading App |
| ✔️ Leverage Ratio Offered | From 1:1 to 1:500 |
| 💸 Account Base Currency | USD, EUR, or MBT |
| 💰 Minimum Deposit | 660 BWP or an equivalent to $50 |
| ☪️ Islamic Account Option Offered? | Yes |
| ❌ Negative Balance Protection | Yes |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | 100 lots |
| 💸 Maximum Number of Open Orders | Unlimited |
| 📊 Margin Level | 100% |
| 🛑 Stop-Out | 20% |
| 📱 Social Trading Offered? | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| LiteFinance is well-regulated and compliant with MiFID requirements | VPS is not provided free of charge |
| Expert analysis is provided through Claws & Horns | Commission charges are not the cheapest |
| There is a market-leading analysis app provided to Botswanan traders | There is a limited selection of tradable instruments |
| Dedicated client support offered in several languages |
4. AvaTrade
Overview
AvaTrade is a popular STP broker with over 300,000 members, offering access to trading in 54 different FX currency pairs, cryptocurrencies, indices, commodities, and more.
The EUR/USD currency pair, often considered one of the finest to trade in Forex, is offered with a spread of as little as 0.99 pips. In addition, members of the platform can utilize MetaTrader 4, MetaTrader 5, or the traditional platform.
Alternatively, users may download the AvaTradeGO smartphone app. AvaOptions is the brokerage’s proprietary options trading platform and can be used to access CFD options trading.
Overall Rating
- 4.9/5
Min Deposit
$100 / 1 342 BWP
Regulators
ASIC, FSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
When trading the Euro against the Dollar or any other major FX pairings, high-risk investors have access to leverage of up to 30x.
To start trading on AvaTrade, interested parties may use various payment methods, including wire transfers, debit/credit cards, and e-wallets like PayPal, Neteller, Skrill, and more. In addition, you can get started with only a $100 initial investment.
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 / 1343 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. |
5. IG
Overview
IG has been around since 1974 and is now one of the world’s largest online stock brokerage platforms.
In addition, several international bodies oversee the platform’s operations, which is a notable feature. On top of all that, the IG Group is publicly traded on the London Stock Exchange (LSE).
Overall Rating
- 4.8/5
Min Deposit
USD 0 / 0 BWP
Regulators
IGRs
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
IG welcomes customers from Botswana and offers a standard spread from 0.1 pips with a fee of 0.10%. IG offers a sample account and accounts compliant with Islamic law, and its highest leverage ratio is 1:200.
Features
| Feature | Information |
| ⚖️ Regulation | FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, CFTC, FINRA, NFA, BMA |
| ⚖️ CBN Regulation? | No |
| 📊 Trading Accounts | IG Trading Account, IG Professional Account, IG Options Trading Account, IG Turbo24 Account, Limited Risk Account, Share Dealing Account, Exchange Account (NADEX) |
| 📊 Trading Platform | MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API |
| 💰 Minimum Deposit | USD 250 / 3 363 BWP |
| 💰 Trading Assets | Forex, Shares, Indices, Commodities, Cryptocurrencies, Interest Rates, Bonds, ETFs, Futures, Options |
| 🔎 Botswanan Pula-based Account? | No |
| 💳 BWP Deposits Allowed? | Yes |
| 💰 Bonuses for Botswanan traders? | No |
| 📈 Minimum spread | 0.1 pips (DMA) on EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | No |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Offers a significant range of financial instruments, including Botswanan-specific trading instruments | High minimum deposit charged |
| There are several powerful trading platforms offered | Inactivity fees apply |
| There are competitive trading conditions that include low spreads, low commissions, and reliable trade execution | |
| Traders can get free trading signals | |
| There is a comprehensive IG Academy offered with dedicated educational resources | |
| Convenient funding options provided along with free deposits and withdrawals | |
| FIX API Direct Market Access trading is offered | |
| There are Swap-Free Accounts offered for Islamic traders |
6. fpmarkets
Overview
fpmarkets is a CFD and FX broker with extensive business experience. You can access over 10,000 CFD products with raw, tight spreads beginning at 0 pip.
The broker’s raw pricing is streamed directly from its top-tier liquidity sources, and customers have access to a vast pool of liquid assets from authorized financial institutions. As a result, fpmarkets has a wide variety of liquid assets and fiercely competitive pricing.
Overall Rating
- 4.7/5
Min Deposit
100 USD/1 343 BWP
Regulators
ASIC, CySEC, FSCA, CMA
Trading Desk
MetaTrader 4, MetaTrader 5
Crypto
Yes
Total Pairs
63
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Through the Traders Hub, fpmarkets provides various educational and market analysis tools, such as technical analysis and fundamental analysis articles and videos, trading eBooks, and video lessons.
Furthermore, users get access to live help 24 hours a day, 5 days a week, by telephone, email, and live chat.
Features
| Account Feature | Value |
| 💰 Minimum Deposit | 100 USD / 1 343 BWP |
| 📊 Average Spreads | Variable, from 1 pip |
| ✔️ Instruments Available | 60+ Forex pairs, metals, indices, commodities |
| 📈 Maximum Leverage Ratio | 1:500 |
| 📱 Execution Type | ECN |
| 💵 Commissions | None |
| 👥 Expert Advisors Offered? | Yes |
| 📲 Mobile App Offered? | Yes |
| ✔️ VPS Available? | Yes |
Pros and Cons
| ✔️ PROS | ❌ CONS |
| fpmarkets is a well-established Australian broker regulated by ASIC and CySEC | Fixed spreads are not available |
| Botswanan traders can choose from an impressive range of markets that can be traded through powerful platforms | There are withdrawal fees charged on most payment methods that are supported |
| fpmarkets offers comprehensive mobile trading opportunities | There are administration fees which apply to the Islamic accounts and trading |
| Botswanan traders can expect superior ECN pricing that includes raw and tight spreads and low commissions | |
| fpmarkets is known for its fast trade execution that is delivered through the Equinix servers | |
| There are commission-free accounts offered that still feature competitive spreads | |
| There are dedicated Islamic accounts for Muslim traders | |
| fpmarkets offers a range of educational materials and advanced trading tools |
7. Pepperstone
Pepperstone offers a host of platforms and markets. They provide both the MetaTrader 4 and 5 platforms, as well as cTrader platforms and offer a ton of different trading assets such as commodities, stocks, indices, Forex, crypto, and futures.
Overall Rating
- 4.9/5
Min Deposit
0 USD / 0 BWP
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader and TradeView
Crypto
Yes (Not available in Africa)
Total Pairs
60+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
They trade in accordance with the regulatory principles set down by the European Securities and Markets Authority and the Financial Conduct Authority.
Pepperstone’s minimum deposit is $0 to open a new account so it’s on the high side, but with the amount of markets they offer it is almost impossible to work with smaller amounts effectively.
Features
| Feature | Information |
| ⚖️ Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
| ⚖️ CBN Regulation? | No |
| 📊 Trading Accounts | 2 |
| 📊 Trading Platform | • MetaTrader 4 • MetaTrader 5 • cTrader • TradingView • Myfxbook • DupliTrade |
| 💰 Minimum Deposit | 0 USD / 0 BWP |
| 💰 Trading Assets | • Forex • Cryptocurrencies • Shares • ETFs • Indices • Commodities • Currency Indices |
| 🔎 Botswanan Pula-based Account? | No |
| 💳 BWP Deposits Allowed? | Yes |
| 💰 Bonuses for Botswanan traders? | Yes |
| 📊 USD/BWP Average Spread | N/A |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 📈 Maximum Leverage | • 1:500 (Professional) • 1:200 (Retail) – Depending on the jurisdiction |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Pepperstone offers competitive spreads that start from 0.0 pips on EUR/USD | There are restrictions on the countries that may use Pepperstone’s Islamic account |
| Pepperstone is well-regulated and offers an extremely secure trading environment with transparent trading fees | There is no BWP-denominated account offered, subjecting Botswanans to currency conversion fees |
| Investor protection is offered to EU clients through the FSCS | There are additional administrative fees applied to the Islamic account |
| Pepperstone offers a choice between some of the best trading platforms | |
| Negative balance protection is offered for clients in certain regions | |
| There is an Islamic account offered to Muslim traders | |
| There is a demo account offered by Pepperstone | |
| There are several trading tools offered |
8. HFM
Overview
HFM is an ECN/STP broker that offers superior market execution and a low-cost trading environment. HFM delivers its trading services according to the relevant licenses that regulate the Forex industry. As a result, HFM provides a reliable service.
HFM was created in 2010 with its headquarters in Cyprus, but the broker also offers services in other countries. A comprehensive education department, one of the finest in the business, is among the amazing features.
Overall Rating
- 4.9/5
Min Deposit
USD 0
Regulators
CySEC, FCA, DFSA, FSCA, FSA, CMA
Trading Desk
MT4, MT5, HFM APP
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
0
Account Activation Time
24 Hours
The HFM name is reserved for non-EU traders, while HF Markets (Europe) is their European moniker. Regarding the safety of your cash, they also place great importance.
Here, the HF Markets Group will retain your funds in separate accounts regardless of the organization under which you are trading.
Features
| Features | Information |
| ⚖️ Regulation | FSCA, CySEC, DFSA, FSA, FCA, CMA, and FSC, with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions |
| 💸 Minimum Withdrawal Time | – |
| 📈 Maximum Withdrawal Time | 2 to 4 working days |
| 💰 Instant Deposits/Withdrawals? | Yes, deposits |
| 💳 BWP-Denominated Account? | No |
| 📱 Minimum Deposit Amount | $0 / 0 BWP |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Botswanans can sign up for a practice account within minutes | The HFM App is limited and cannot be used for trading activities |
| The demo account is unlimited | |
| HFM offers educational materials that are ideal for beginners | |
| The demo account can be used on MT4 and MT5 | |
| HFM customer support is available to help Botswanans |
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 Platform
MT5, MT4, OctaTrader
Crypto
Yes
Total Pairs
28
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, OctaFX is the best MT4 forex broker in Botswana. OctaFX is an MT4 and MT5 broker that provides Botswanans with various markets. OctaFX offers a choice of accounts via MT4, including ECN and STP accounts, with superior trade execution.
Best MetaTrader 5 / MT5 Forex Broker in Botswana
Overall Rating
- 4.9/5
Min Deposit
$100 / 1 342 BWP
Regulators
ASIC, FSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, AvaTrade is the best MetaTrader 5 forex broker in Botswana. In addition, AvaTrade is regarded as one of the most secure MT5 forex brokers.
No commission is charged for trading currency pairings, only leaving the spread to be paid. A demo account is also available for traders to sharpen their abilities via MT5 and several other platforms.
Best Forex Broker for beginners in Botswana
Overall Rating
- 4.1/5
Min Deposit
$100
Regulators
CFT, NFA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
50
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, FOREX.com is the best forex broker for beginners in Botswana. FOREX.com is a broker renowned for low trading fees and beginner-friendly solutions. In addition, FOREX.com offers several educational materials and a helpful demo account.
Best Low Minimum Deposit Forex Broker in Botswana
Overall Rating
- 4.9/5
Min Deposit
$10 / 134 BWP
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, Exness is the best Low Minimum Deposit Forex Broker in Botswana. Exness has a minimum deposit requirement of 10 USD / 130 BWP, making it easy for Botswanans to start trading 278 instruments.
Exness also offers MT4 and MT5 through which trades can be made. In addition, it offers some of the best trading tools, charting capabilities, technical indicators, expert advisors, and more.
Best ECN Forex Broker in Botswana
Overall Rating
- 4.9/5
Min Deposit
USD 0
Regulators
CySEC, FCA, DFSA, FSCA, FSA, CMA
Trading Desk
MT4, MT5, HFM APP
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
0
Account Activation Time
24 Hours
Overall, HFM is the best ECN forex broker in Botswana. HFM is a hybrid forex and CFD broker that uses STP and ECN technology to ensure that Botswanans get the best pricing, minimal slippage, no requotes, and the fastest trade execution.
HFM uses the best liquidity providers who aggregate the pricing that Botswanans can see on MT4, MT5, and the HF App for Android and iOS.
Best Islamic / Swap-Free Forex Broker in Botswana
Overall Rating
- 4.8/5
Min Deposit
USD 10 / 136 BWP
Regulators
CySec, FCA
Trading Desk
None
Crypto
Yes
Total Pairs
47
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, eToro is the best Islamic / Swap-Free forex broker in Botswana. eToro is a renowned social trading platform that offers Muslim traders an Islamic Account.
eToro does not charge any interest on positions held for over 24 hours. However, registering an Islamic Account can be expensive initially, requiring a 1,000 USD / 13,400 BWP deposit.
Best Forex Trading App in Botswana
Overall Rating
- 4.9/5
Min Deposit
USD 0 / 0 BWP
Regulators
ASIC
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
300
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, CMC Markets is the best forex trading app in Botswana. In addition, CMC Markets offers a user-friendly mobile app with research tools, powerful charts, customizable watch lists, news reports, and a range of educational materials.
Best Lowest Spread Forex Broker in Botswana
Overall Rating
- 4.6/5
Min Deposit
USD 0 / 0 BWP
Regulators
FCA, CySEC, IFSC, KNF
Trading Desk
No Trading Desk
Crypto
Yes
Total Pairs
48
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, XTB is the best lowest-spread forex broker in Botswana. XTB is a well-known forex and CFD broker with low and competitive forex spreads from 0.1 pips depending on the financial instrument and the market conditions.
XTB is also a good broker in terms of educational materials and research capabilities, providing traders with comprehensive market analysis across markets.
Best Nasdaq 100 Forex Broker in Botswana
Overall Rating
- 4.6/5
Min Deposit
USD 10
Regulators
CySec, FSCA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
60
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, FXTM is the best Nasdaq 100 forex broker in Botswana. FXTM is a multi-regulated forex and CFD broker that accommodates Botswanan traders with a keen interest in Nasdaq. Traders can expect low and competitive spreads, a choice between accounts, and powerful trading platforms.
Best Volatility 75 / VIX 75 Forex Broker in Botswana
Overall Rating
- 4.8/5
Min Deposit
USD 0 / 0 BWP
Regulators
IGRs
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, IG is Botswana’s best Volatility 75 / VIX 75 forex broker. IG is one of the best CFD brokers with powerful proprietary trading technology.
IG is well-regulated and offers Botswanans access to VIX75, with spreads from 0.04 pips / 0.13% and zero commission charges.
Best NDD Forex Broker in Botswana
Overall Rating
- 4.6/5
Min Deposit
USD 50 / 672 BWP
Regulators
FCA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, FXCM is the best NDD forex broker in Botswana. FXCM is a No-Dealing Desk broker with STP and ECN execution across several markets.
In addition, FXCM offers a choice between third-party platforms in addition to technical indicators, charting tools, and competitive trading conditions.
Best STP Forex Broker in Botswana
Overall Rating
- 4.7/5
Min Deposit
USD 10
Regulators
IFSC
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
36
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, RoboForex is the best STP forex broker in Botswana. RoboForex is popular forex and CFD broker with competitive trading conditions. RoboForex offers STP execution with liquidity sourced from top providers.
Botswanans can expect access to over 12,000 instruments via powerful and innovative third-party platforms.
Best Sign-up Bonus Broker in Botswana
Overall Rating
- 4.7/5
Min Deposit
50 USD / 682 BWP
Regulators
CYSEC
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
50
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, Windsor Brokers is the best sign-up bonus broker in Botswana. Windsor Brokers is a well-regulated broker that offers Botswanans a welcome account funded with 30 USD in trading credit. With this account, Botswanans can explore the platform or risk-free test their strategies.
You might also like: Best ECN Forex Brokers in Botswana
You might also like: Best Forex Trading Platforms in Botswana
You might also like: Best NDD Forex Brokers in Botswana
You might also like: Best NASDAQ 100 Brokers in Botswana
You might also like: Best Swap-Free Account Brokers in Botswana
Conclusion
Because of the importance of safeguarding your interests as a trader or investor, the top STP brokers will be properly licensed. A properly licensed platform is essential for the security of your trading money and your confidence in your broker.
However, you can enter trades in a genuine market if you use an STP broker instead of a market maker. Furthermore, your STP broker gives you access to a wider range of market bids because of the multiple liquidity providers that quote via it.
Additionally, your market orders and fills will be performed promptly and precisely. Furthermore, do your homework before making a final decision; brokers and their offerings might vary widely.
Therefore, it is smart to ease into investing by making a modest first commitment while you figure things out.
Frequently Asked Questions
What are STP brokers in Botswana?
A Straight Through Processing (STP) broker is a forex brokerage business that supplies institutional traders with wholesale forex services orders. The STP broker was created by an exchange between two global leaders in retail customer service and reputable trading organizations.
How are STP and ECN brokers different?
ECN brokers are seen as more transparent. STP brokers may route orders to any of their liquidity providers, including banks and interbank exchanges.
How do STP brokers make money in Botswana?
There are several methods through which an STP brokerage might generate a profit. For example, the broker could charge customers a commission ($X per million), add a markup to the price feed, or both.
Is an STP account a good choice for Botswanan traders?
One of the primary benefits of STP brokers is that orders are completed more rapidly, and trade execution is smooth, allowing traders to take advantage of market circumstances without broker intervention.
Is HFM an STP or ECN broker?
HFM employs a hybrid STP and ECN approach and offers execution models to traders through its flexible account types.
Which STP forex brokers offer the best trading platforms
- FBS
- Forex.com
- LiteFinance
- AvaTrade
- IG
- FP Markets
- Pepperstone
- HFM
Which STP Brokers can you use with M-PESA?
- LiteFinance
- Pepperstone
- HFM
Which STP forex brokers are best for beginner Botswana Traders?
- HFM
- Pepperstone
- LiteFinance
Which brokers offer a sign-up bonus for first-time traders?
- FBS
- Forex.com
- LiteFinance
- AvaTrade
- HFM
Which STP Brokers offer a mobile app on IOS and Android for Botswana Traders?
- FBS
- FOREX.com
- AvaTrade
- IG
- fpmarkets
- Pepperstone
- HFM
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.
