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8 Best Volatility 75 Forex Brokers in Botswana

The 8 Best Volatility 75 Index Forex Brokers in Botswana. We tested the best VIX 75 index forex brokers for Botswana Traders. 

This is a complete guide to brokers that offers traders in Botswana the chance to trade on the Volatility 75 Index.

In this in-depth guide you’ll learn:

  • What is the Volatility 75 Index?
  • What is the difference between the Volatility 75 Index vs NASDAQ 100 Index – Explained
  • How to choose the best VOL 75 broker for your trading style?
  • The Best Metatrader 4 (MT4) and Metatrader 5 (MT5) on the VIX 75 platforms revealed.
  • Who is our #1 recommended 75 Index Volatility Broker in Botswana
  • Which Vix 75 broker offers a sign-up bonus for first-time traders?
  • Which broker offers a low minimum deposit of $5 (66 BWP)?
  • Which Volatility 75 Index broker accepts M-PESA?


And lots more…

So if you’re ready to go “all-in” with VIX 75 Index Forex Brokers, this guide is for you.

Let’s dive right in…

Updated : October 18, 2022

Best Volatility 75 Forex Brokers in Botswana

🏅 Forex Broker✔️ Volatility 75 Broker? 💰 Minimum Deposit? 💸 Botswana Pula (BWP) Deposits Allowed?👉 Open Account
1. XTBYes$0 / 0 BWP No👉 Open Account
2. HFMYes$5 / 67 BWPNo👉 Open Account
3. FXCMYes$50 / 660 BWPNo👉 Open Account
4. IGYes$250 / 3,300 BWPNo👉 Open Account
5. AvaTradeYes$100 / 41,000 BWPNo👉 Open Account
6. eToroYes$200 / 2,600 BWP No👉 Open Account
7. PepperstoneYes$128 / 1,700 BWPNo👉 Open Account
8. IC MarketsYes$100 / 41,700 BWPNo👉 Open Account

8 Best Volatility 75 Forex Brokers in Botswana

  1. XTB – Overall, Best Volatility 75 Forex Broker in Botswana
  2. HFM – Best Low Spread Broker
  3. FXCM – Top CFD Forex Broker in Botswana
  4. IG – Best Broker for Beginner Traders
  5. AvaTrade – Top Broker that Accepts M-PESA
  6. eToro – Best Social Trader Broker in Botswana
  7. Pepperstone – Top NASDAQ100 Broker 
  8. IC Markets – Top Regulated Broker in Botswana

What is the Volatility 75 Index?

👉 The volatility index, or VIX, is one of the most popular market sentiment indicators. Traders may use the VIX not just as a gauge of risk but also as a chance to profit from price fluctuations in the market.

 

👉 Chicago Board Options Exchange (CBOE) created the VIX, the first of its kind. In addition, VIX provided a numerical value for the volatility investors were anticipating in the market.

 

👉 However, the index reflects the expected volatility of the S&P 500 (SPX) over the subsequent 30 days because of its forward-looking nature.

 

👉 While historical volatility measures how much asset prices have fluctuated in the past, implied volatility shows how the market anticipates those prices will vary in the future. The volatility of assets over a certain timeframe is referred to as “historical volatility.”

 

👉 However, implied volatility is determined by the Black-Scholes formula. In contrast, historical volatility is determined by the standard deviation of the natural log ratio of successive closing prices over time.

 

👉 The volatility that is anticipated is referred to as implied volatility. It is a vital indicator for traders. It gives them the chance to think about the long-term trajectory of market volatility.

 

👉 If you want to figure out the odds in the market, this is a good method. It is a wonderful way to anticipate the market’s next move precisely. Traders and sellers, as suggested, cannot rely on previous results.

1. XTB

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

Overview

👉 XTB is a popular option for investors seeking a broker with a solid reputation, a diverse selection of trading products, and insightful market research. Traders should be aware, however, that only XTB’s proprietary platform, xStation5, is supported.

 

👉 XTB’s selection of over 2,100 financial assets for trading is extensive compared to other brokers. Foreign exchange, indices, commodities, contracts for difference (CFDs), exchange-traded funds (ETFs), and cryptocurrencies are all examples of tradable assets.

 

👉 XTB’s mission is to give its traders the best possible service and education. To this end, the company has developed a robust Trading Academy and a personal mentoring program.

 

👉 Traders can easily get answers to their technical or account-related questions from XTB’s attentive customer support team. In addition, the company’s Market News section is often updated with analysis and trading suggestions.

 

👉 There are just two active accounts to choose from at XTB. Both have above-average trading expenses but no minimum deposit restrictions.

 

Features

FeaturesInformation
⚖️ RegulationFCA, CySEC, KNF, CNMV, FSC, DFSA
💸 Minimum Withdrawal Time
📈 Maximum Withdrawal Time2 to 4 working days
💰 Instant Deposits/Withdrawals?Yes, deposits
💳 BWP-Denominated Account?No
📱 Minimum Deposit Amount0 BWP ($0)

 

Pros and Cons

✔️ Pros❌ Cons
XTB is well-regulated and guarantees client fund securityMetaTrader is not supported
There are competitive trading conditions chargedMark-up is added to spreads
There is a dedicated Swap-Free Account offered to Muslim TradersDeposit and withdrawal fees are charged on several payment methods
There is no minimum depositThere is no BWP account
XTB is suitable for beginners and professional traders

2. HFM

Overall Rating

Min Deposit

USD 5

Regulators

CySEC, FSC, CFTC

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

No

Total Pairs

47

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Overview

👉 HFM is a popular and renowned broker globally. In addition, various kinds of traders can easily use HFM’s trading services and solutions wherever they are in the globe since the company has a genuinely worldwide presence.

 

👉 HFM is a multi-asset broker that was formerly known as HotForex. They provide extensive trading services, a choice of four account types, and strong trading platforms with low spreads.

 

👉 The MT4 and MT5 trading platforms are both supported by HFM, in addition to the broker’s own mobile HF App, which enables customers to trade directly from charts and make deposits and withdrawals.

 

👉 In addition, it provides traders with various high-quality trading tools that could help them in many ways. For example, spot and futures contracts on various foreign indices via HFM.

 

👉 These indexes include the Nikkei, NASDAQ, S&P500, and FTSE100, as well as the VIX and DAX30. Compared to other brokers, this one offers a wide variety of indexes.

 

👉 Four different account types are available via HFM, which is more than most other brokers provide. The Micro Account is appropriate for novice traders because of the minimal minimum deposit required. At the same time, the Zero Spread Account is geared toward traders with more expertise.

 

Features

FeaturesInformation
⚖️ RegulationFSCA, CySEC, DFSA, FSA, FCA, CMA, and FSC, with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions
💸 Minimum Withdrawal Time
📈 Maximum Withdrawal Time2 to 4 working days
💰 Instant Deposits/Withdrawals?Yes, deposits
💳 BWP-Denominated Account?No
📱 Minimum Deposit Amount$5 / 66 BWP

 

Pros and Cons

✔️ Pros❌ Cons
HFM does not charge any deposit fees when Botswanans transfer funds to a trading accountHFM does not support BWP as a deposit currency or an account base currency, which could result in currency conversion fees
There are competitive spreads chargedHFM’s spreads are wider on entry-level accounts
HFM is a transparent broker that does not have any hidden broker fees
Botswanans need not worry about withdrawal fees when they transfer funds from the trading account

3. FXCM

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

Overview

👉 High-volume traders who value flexibility in platform selection and an abundance of specialized trading tools may find FXCM appealing.

 

👉 FXCM provides traders with a few account options, a wide range of forex and CFD products, leverage, and an incredible selection of plugins and additional programs.

 

👉 In addition, FXCM is distinguished by the wide variety of trading platforms it provides to its customers. These include the company’s own Trading Station, MetaTrader 4, the copy-trading platform ZuluTrade, NinjaTrader, and other add-on plugins.

 

👉 FXCM has a long history of receiving accolades from industry leaders, including:

➡️ Best Customer Support from FX Empire in 2017.

➡️ Best Technical Tools from BrokerChooser in 2019.

➡️ Best Trading Tools in 2020 during the Online Personal Wealth Awards.

➡️ Best Forex Trading Platform of the Year at the Global Forex Awards in 2020.

 

👉 FXCM can be recommended as a trustworthy broker because of the company’s long history of responsible behaviour. Customer money is kept in a separate account, and the firm complies with international regulations.

 

👉 FXCM has a smaller selection of financial instruments than other brokerages, with just 15 indices and CFDs on indices accessible for trading.

 

👉 However, most investors like indexes that track the performance of a basket of stocks from some of the world’s biggest and most well-known corporations.

 

Features

FeaturesInformation
⚖️ RegulationFCA, ASIC, CySEC, FSCA
💸 Minimum Withdrawal Time
📈 Maximum Withdrawal Time2 to 4 working days
💰 Instant Deposits/Withdrawals?Yes, deposits
💳 BWP-Denominated Account?No
📱 Minimum Deposit Amount660 BWP ($50)

 

Pros and Cons

✔️ Pros❌ Cons
FXCM supports both CFD and forex trading and offers several trading optionsThere are high commission charges
Botswanans can access leverage up to 1:400An inactivity fee and currency conversion fee are charged
Several asset classes can be tradedThere is a limited choice between retail accounts
FXCM offers several trading platforms and trading tools that Botswanans can use to their advantageDoes not support MT5
There are competitive spreads on the CFD accountThere is no option to register an account denominated in BWP
There is a demo and Islamic accountWithdrawal fees apply
FXCM is well-regulated by four reputable entitiesThe Islamic Account faces additional fees
Client fund security and investor protection are guaranteed

4. IG

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

Overview

👉 IG Group plc (LON: IGG) was established in 1974 and is a leading foreign exchange (FX) and contracts for difference (CFD) broker on the London Stock Exchange. With more than 19,000 products available for trading and 80 worldwide indices, IG Groups is one of the biggest online brokers in the world.

 

👉 Compared to the other online brokers that Investopedia looked at, IG stands out as having the best educational resources and being the most dedicated to providing its customers with timely and useful research.

 

👉 “Negative balance protection” is a service offered by IG and is now standard at most online brokers. In addition, trading on more indices is available via IG than it is through competitors. These indexes include the NASDAQ, FTSE100, VIX, DAX30, and Hang Seng.

 

👉 Custom indices, such as the Cannabis Index and the Emerging Markets Index, are among IG’s offerings. A further perk is that trading on the main indexes may continue over the weekend.

 

👉 Starting with a proprietary, user-friendly web-based service, IG provides its global clientele with a wide range of platform options and API interfaces. IG advises using Google Chrome; however, the platform is accessible from any browser.

 

Features

FeaturesInformation
⚖️ RegulationFCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, CFTC, FINRA, NFA, BMA
💸 Minimum Withdrawal TimeInstant
📈 Maximum Withdrawal TimeBetween 1 to 3 Business Days
💰 Instant Deposits/Withdrawals?Yes
💳 BWP-Denominated Account?No
📱 Minimum Deposit Amount3,300 Botswanan Pula, equivalent to $250

 

Pros and Cons

✔️ Pros❌ Cons
IG offers an extensive range of financial instruments, one of the largest in the industryThere is no account protection given to several countries
IG has a long history of providing superior trading services at affordable pricesThere is an extremely high minimum deposit requirement
IG is well-regulatedBWP is not an accepted base currency
IG places emphasis on education and researchThere are several non-trading fees charged
Botswanans can choose from several trading accounts according to their unique needs

5. AvaTrade

Overall Rating

Min Deposit

USD 100

Regulators

ASIC, FSA

Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Overview

👉 AvaTrade, which began operations in 2006, is a low-risk broker for trading CFDs and FX thanks to its regulation in five tier-1 countries, five tier-2 jurisdictions, and one tier-3 jurisdiction.

 

👉 AvaTrade is a well-known international brand popular among foreign exchange (FX) and contracts for difference (CFD) traders for its extensive selection of top-notch trading platforms and comprehensive educational resources.

 

👉 AvaTrade provides access to 1,260 symbols (through MT5), and WebTrader provides access to about the same number of symbols (albeit a few hundred are sometimes unavailable).

 

👉 The VIX 75 is one of the 33 Index CFDs available via AvaTrade, ensuring that Botswanan traders gain exposure to global markets. In addition, most traders will be pleased with the mobile experience provided by AvaTrade’s bespoke applications (beginners included).

 

👉 AvaTrade is making strides in this area and now provides a wide variety of useful apps suitable to different traders and trading strategies.

 

👉 Trading Central is the main emphasis of AvaTrade’s research offering, along with AvaSocial, ZuluTrade, and DupliTrade for copy trading. In addition, a few services powered by Trading Central are integrated into AvaTrade’s online platform directly.

 

👉 AvaTrade updates its blog with new market analyses every day. In addition, AvaTrade’s Vimeo and YouTube channels do the same for market videos.

 

👉 In addition, there is a wide variety of instructional materials available on AvaTrade, from that created in-house to those created by third-party suppliers like Trading Central.

 

Features

FeatureInformation
⚖️ RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA
⚖️ CBN Regulation?No
📊 Trading AccountsRetail Investor Account, Professional Account Option
📊 Trading PlatformAvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade
💰 Minimum Deposit (BWP)$100 / 41,500 BWP
💰 Trading AssetsForeign currencies, Cryptocurrencies, Commodities, Treasuries, Bonds, Indices, Stocks, ETFs, Options, CFDs, Precious Metals
🔎 Botswanan Naira-based Account?No
💳 NGN Deposits Allowed?No
💰 Bonuses for Botswanan traders?Yes
📈 Minimum spread0.9 pips EUR/USD
📊 Demo AccountYes
☪️ Islamic AccountYes
✴️ Social Trading OfferedYes

 

Pros and Cons

✔️ Pros ❌ Cons
AvaTrade is multi-regulated and one of the most trusted online trading brokers in the worldVariable spreads are not offered
There is a wide range of financial instruments that can be traded across financial marketsThere is a limited choice between account types
There are several technical indicators, economic indicators, and other solutions for advanced tradersInactivity fees are applied
There are several trading platforms to choose fromCurrency conversion fees may be applied
There is a decent selection of educational material that helps beginner traders navigate complex instruments and lower the degree of risk they are often exposed toThere is a limited number of base currency options offered on accounts
There is a multitude of social trading opportunities offered
The broker accepts any trading strategy including automated trading, expert advisors, scalping, hedging, and others.

6. eToro

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.

Overview

👉 In January 2007, a group of entrepreneurs started eToro to decentralize the trading industry so that anybody, regardless of location, could participate.

 

👉 eToro’s founders, brothers Yoni and Ronen Assia, have assembled a team of seasoned specialists in finance and technology to run the company. As a result, when it comes to social trading, eToro has never been surpassed in popularity.

 

👉 Copy trading and eToro’s social network are at the centre of the user experience on the site. However, these tools tend to be used more often by novice traders who have not yet established sophisticated approaches to the market.

 

👉 The fact that eToro serves customers in over a hundred countries attests to the platform’s universal appeal. CopyTrader, the company’s social investment platform, is its crowning product.

 

👉 Users may easily identify investors to duplicate trades based on star ratings, currency interests, and performance indicators. Traders can easily mimic up to a hundred different investors at once with a minimum commitment of only $200 / 2,600 BWP.

 

👉 Only cryptography may use this feature. Compared to other brokers in its class, eToro’s selection of available indices is about average. These indices include the UK 100, SPX 500, NASDAQ 100, VIX, and others.

 

Features

FeaturesInformation
⚖️ RegulationCySEC, FCA, ASIC, FinCEN, FINRA, SIPC, DNB, FSA
💸 Minimum Withdrawal Time3 Hours
📈 Maximum Withdrawal Time5 Working Days
💰 Instant Deposits/Withdrawals?Yes, deposits
💳 BWP-Denominated Account?No
📱 Minimum Deposit Amount2,600 BWP equivalent to $200

 

Pros and Cons

✔️ Pros❌ Cons
eToro has a strict and solid regulatory frameworkThere are limitations on leverage for retail traders
Client fund safety is guaranteed and there is consumer protection offeredThere is a limited selection of retail investor accounts
eToro offers commission-free tradingFixed spreads are not offered
There are over 2,000 complex instruments that can be tradedThe spreads are not the tightest
The broker offers several trading opportunities and a social trading featureThere is a high minimum deposit on the Islamic Account
There is an award-winning proprietary platform offeredThere 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

7. Pepperstone

Overall Rating

Min Deposit

10 USD /122 BWP

Regulators

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

Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradeView

Crypto

Yes

Total Pairs

60+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Overview

👉 Pepperstone Group is currently one of the most prominent internet brokers. Pepperstone was established in 2010, and with its regulation in three tier-1 countries, FX and CFD traders can feel confident and safe using the platform.

 

👉 Pepperstone provides access to several social copy trading platforms, a wide variety of tradable marketplaces, and high-quality research. In addition to more than 70 Forex pairings, Pepperstone now offers currency indexes.

 

👉 A total of 28 indices are available for trading on Pepperstone, including those of the NASDAQ, FTSE100, S&P500, VIX, and even the Johannesburg Stock Exchange. Separating customer cash from business finances is an extra precaution in a volatile sector.

 

👉 There are a few ways to contact customer service, including round-the-clock chat, phone assistance, and a helpful Frequently Asked Questions section with information on handling depositing, withdrawing, and dispute resolution in trades.

 

👉 Traders of all skill levels may enjoy the same high-quality experience thanks to a wide variety of desktop, mobile, and web-based platforms, a product portfolio that is standard in the industry, above-average instructional materials, low spreads, and a choice of account types.

 

👉 All new customers can open a Standard account, where minimum FX spreads begin at 0.6 pips. However, no commission is charged, or a Razor account, where minimum FX spreads begin at 0 pips, but a commission fee is charged.

 

👉 In addition, Botswanans should note that Pepperstone’s other available instruments are all priced using either a straight spread or a spread-and-commission structure.

 

Features

Account FeatureValue
💰 Minimum Deposit$130 / 1,700 BWP
💻 Minimum Trading Size0.01 lots
📈 Maximum Trading Size100 lots in a single trade
💵 Base Account CurrencyAUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
✅ Trading Strategies SupportedAll including scalping, hedging, and Expert Advisors (EAs)
🗞 News Trading Offered?Yes
➡️ Trade ExecutionNo-Dealing Desk (NDD)
📊 Average EUR/USD SpreadFrom 0.6 pips
💸 CommissionsNone
🔃 Rollover SwapsYes, according to the market rates
⬆️ Maximum Leverage per region• Australia – 1:30
• Bahamas – 1:200
• Cyprus – 1:30
• Dubai – 1:30
• Germany – 1:30
• Botswana – 1:400
• United Kingdom – 1:30
❌ Negative Balance Protection OfferedYes, only for retail clients
✅ Margin Close-Out (%)50%
🔨 Trading Instruments offered1,200+
💻 Trading Platforms offeredMetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade

 

Pros and Cons

✔️ Pros❌ Cons
Pepperstone offers competitive spreads that start from 0.0 pips on EUR/USDThere are restrictions on the countries that may use Pepperstone’s Islamic account
Pepperstone is well-regulated and offers an extremely secure trading environment with transparent trading feesThere is no BWP-denominated account offered, subjecting Botswanans to currency conversion fees
Investor protection is offered to EU clients through the FSCSThere are additional administrative fees applied to the Islamic account
Pepperstone offers a choice between some of the best trading platforms
Negative balance protection is offered for clients in certain regions
There is an Islamic account offered to Muslim traders
There is a demo account offered by Pepperstone
There are several trading tools offered

8. IC Markets

Overall Rating

Min Deposit

USD 200

Regulators

ASIC 

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

65

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Overview

👉 Since its inception in 2007, Australia has been home to IC Markets, which has licenses from some of the world’s most stringent regulatory bodies.

 

👉 With over $15 billion in foreign currency transactions and over 500,000 orders completed daily, IC Markets is one of the major FX CFD providers in the world.

 

👉 Traders of all types and experience levels can easily benefit from IC Markets’ state-of-the-art trading platforms, which are the company’s claim to fame. Botswanan traders can also engage in futures, stock indices, and commodity trading in addition to foreign exchange.

 

👉 Because of its leverage, low spreads, and minimal commission costs, IC Markets is popular among traders. Everyone from experienced traders to novices, and even those using automated tactics, should consider IC Markets.

 

👉 Experts in the financial markets and institutional investors want premium services like instantaneous order execution.

 

👉 The NASDAQ, S&P 500, FTSE 100, VIX 75, and the Nikkei are just a few of the 25 worldwide indexes on which IC Markets provides cash and futures contracts. When compared to other brokers, this selection of indices is around par.

 

Features

Account Feature
Value
💻 Trading PlatformcTrader

💰 Commission$3 per side and $6 per round turn
📈 Typical Average Spreads0.0
💳 Minimum Deposit Requirement83,000 Botswanan Naira equivalent to $200
📈 Leverage1:500
📈 Maximum positions per account2,000
🏛️ Server LocationLondon
✴️ Micro trading allowed?Yes
📊 Currency Pairs64
📊 Index CFD TradingYes
📊 Stop-out50%
📈 One-Click Trading offered?Yes
☪️ Islamic AccountsYes
📊 Trading Styles acceptedScalping, hedging, expert advisors, algorithmic strategies, etc.
💻 Programming LanguageC#
👍 Suitable forDay traders, scalpers, active traders
📊 Demo Account offered?Yes

 

Pros and Cons

✔️ Pros❌ Cons
IC Markets is a multi-regulated forex and CFD broker with a decent trust score and a low-risk reputationThere is a higher minimum deposit requirement charged than other brokers
There is real raw spread trading offered across several asset classesBotswanan traders could face currency conversion fees
IC Markets offers some of the best spreads in the industryThere is no BWP-denominated account offered
Botswanans can choose between MetaTrader 4, MetaTrader 5, and cTrader as their preferred platformThere are no fixed spreads offered by IC Markets
There is a choice between three different account types that suit different types of tradersThere is no proprietary trading platform, or an app offered by IC Markets
There are no hidden fees and IC Markets is one of the best options for high volume trading because it has a long list of liquidity providers
There is a free demo account offered
There is an Islamic account option offered to Muslim traders

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

👉 Many traders and investors like VIX-linked securities for diversification, hedging, and even pure speculation due to their low correlation with the stock market. One option is to hedge your portfolio against the market’s volatility by holding a stake on the VIX.

 

👉 Several trading techniques include the VIX, but the simplest one is to keep an eye on it and short it when it gets to extremely high levels.

 

👉 Although taking advantage of market volatility is a sound trading tactic during times of uncertainty, investors should keep in mind that volatility will only last for a limited time.

FAQ

Which broker in Botswanan is the best for Volatility 75?

Of the Forex and CFD brokers available, HFM, AvaTrade, IG, eToro, Pepperstone, and others are the best for trading VIX 75.

 

Can I trade VIX 75 on MT4 in Botswana?

You can easily trade VIX 75 via MetaTrader 4 if your broker supports the platform and offers this financial instrument.

 

How much will it cost to trade the Volatility 75 index in Botswana?

Depending on your broker’s fee schedule, you can easily start trading VIX 75 with spreads from 0.04 pips commission-free.

 

How can Botswanans trade VIX 75 successfully?

To trade VIX 75 successfully, you must have a solid trading plan and the correct position size. In addition, you must avoid using excessive leverage and ensure that you place your stop-loss orders according to your tested trading strategy.

Finally, you must ensure that you have realistic profit expectations and keep updated with the news.

 

What is the best time to trade VIX 75 in Botswana?

The best time to trade VIX 75 in Botswana is between 2 to 4 pm (noon to 2 pm GMT).

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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