7 Best Forex Brokers in Botswana

Last Update: June 26th, 2024

The 7 Best Forex Brokers in Botswana – Rated and Reviewed. We have listed the Best Forex Brokers accepting traders in Botswana.

In this in-depth guide, you will learn:

• The Best Forex Brokers in Botswana – a List
• Is Forex Trading Legal in Botswana?
• The Best Trading Platform in Botswana
• Who is the Richest Forex Trader in Botswana?
• Which Broker is Best for Forex Trading in Africa?
• How to Start Forex Trading in Botswana

and much, MUCH more!

7 Best Forex Brokers in Botswana – a Comparison

7 Best Forex Brokers in Botswana (2024)

1. ☑️ AvaTrade – Overall, the Best Forex Broker in Botswana
2. ☑️ XM – Low BWP Minimum Deposit Broker
3. ☑️ Pepperstone – Best MetaTrader Forex Broker
4. ☑️ Interactive Brokers – Best Trading Platform in Botswana
5. ☑️ Saxo – Best Proprietary Offering
6. ☑️ IC Markets – Best Overall Offering
7. ☑️ XTB – Excellent Online Trading experience

AvaTrade

AvaTrade is amongst the most highly regulated Forex Brokers. Regulations include ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, and, the JFSA. Accounts offered are Retail, Islamic, and, Professional. In addition, a Demo Account is available. The Minimum deposit is 100 USD. Notable features include:

• Access to a Referal Bonus
• Multiple Copy Trading Platforms
• Spreads from 0.6 Pips
• Leverage of up to 1:30 on the Retail Account

Trading instruments include Forex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Precious Metals, and, CFDs. Trading Platforms available are AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, and, ZuluTrade.

Pros and Cons

Our Insights

AvaTrade is available to all Brokers. However, Established and Active Traders will best benefit from the large selection of Trading Platforms available.

XM

XM is a reputable Forex and CFD Broker. Regulations include the FSCA, IFSC, ASIC, CySEC, DFSA, and, the FCA. Accounts available include Micro, Standard, Ultra-Low, and Shares. In addition, a Demo Account is offered. The minimum deposit is 5 USD. Notable features include:

• Spreads from 0.6 Pips
• A Leverage of up to 1:1000
• Access to Over 55 Currency Pairs, including Major, Minor, and, Exotic

Trading Instruments available are Forex, Cryptocurrencies, Stock CFDs, Commodities, Equity Indices, Precious metals, Energies, Individual shares, and, Turbo Stocks. Trading Platforms include MetaTrader 4 and MetaTrader 5. Moreover, a Proprietary Mobile App is available.

Pros and Cons

Our Insights

XM is an excellent Broker Choice for Beginners. Beginners will benefit from Micro and ultra-low account options. Moreover, a low minimum deposit is required.

Pepperstone

Pepperstone is a prominent Forex and CFD broker. Regulations include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and, the SCB. Accounts available are Standard and Razor. Moreover, a Demo Account is available. The Minimum deposit is AU$ 200. Notable Features include:

• Access to over 70 Currency Pairs
• Leverage of up to 1:200 on the Retail Account
• No Inactivity Fee is Charged

Trading Instruments include Forex, Commodities, Indices, Currency indices, Cryptocurrencies, Shares, and, ETFs. Trading Platforms available include TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai.

Pros and Cons

Our Insights

Professional Traders will benefit from the wide range of exceptional trading platforms offered. Moreover, Pepperstone does not charge an Inactivity Fee.

Interactive Brokers

Interactive Brokers is a highly-trusted and regulated Financial Services Provider. Regulations include FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, and, MAS. Account Options include IBKR Lite and IBKR Pro. Moreover, a Demo Account is available. No Minimum deposit is required. Notable features include:

• 8 Proprietary Trading Platforms
• Spreads from o.6 Pips
• Leverage of up to 1:30

Trading Instruments include Forex, stocks, ETFs, options, futures, indices, mutual funds, cryptocurrencies, metals, and, bonds. Trading Platforms available are IBKR Trader WorkStation, IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, and, IBKR Impact.

Pros and Cons

Our Insights

Interactive Brokers best suit Professional Traders. Established Traders will best benefit from the proprietary Trading Platforms on offer.

Saxo Bank

Saxo Bank is one of the highest-regulated Forex Brokers and Financial Services Providers. Regulations include the Dutch Central Bank and Authority for Financial Markets in the Netherlands and the National Bank of Belgium. Accounts available are Classic, Platinum, and, VIP. Moreover, a Demo Account is available. No Minimum Deposit is required. Notable Features include:

• Spreads from 0.4 Pips
• Leverage of up to 1:30
• No Inactivity Fee is Charged

Trading Instruments include Forex, CFDs, stocks, commodities, futures, FX options, listed options, ETFs, bonds, and,  mutual funds. Trading Platforms available are SaxoTraderGO and SaxoTraderPRO.

Pros and Cons

Our Insights

Saxo Bank best suits Professional Traders. Established and active traders will best benefit from the proprietary offerings available.

IC Markets

IC Markets is a powerful Forex and CFD Broker. Regulations include ASIC, CySEC, FSA, and, SCB. Accounts offered are cTrader, Raw Spread, and, Standard. Moreover, a Demo Account is available. The Minimum deposit is 200 USD. Notable features include:

• Leverage of up to 1:500
• Access to over 60 Currency Pairs
• Spreads from 0.0 Pips

Trading Instruments include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures. Trading Platforms available are MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade.

Pros and Cons

Our Insights

IC Markets is available to all Traders. Copy Traders will benefit from the IC Social and ZuluTrade platforms.

XTB

XTB is a well-known highly-regulated Forex Broker. Regulations include FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, and, IFSC. Accounts offered are Standard and Swap-Free. Moreover, a Demo Account is available. No Minimum deposit is required. Notable Features include:

• Spreads from 0.5 Pips
• Leverage of up to 1:500
• Access to over 57 Currency Pairs

Trading Instruments include Forex, indices, commodities, stocks, ETFs, and, crypto CFDs. Trading Platforms available are xStation 5 and xStation Mobile.

Pros and Cons

Our Insights

The Benefits of trading with XTB include impressive educational resources and trusted customer support.

In Conclusion

The popularity of Forex Trading in Botswana has seen a notable rise. Moreover, it is legal and regulated by the Bank of Botswana. In addition, multiple international Forex Brokers accept Batswana Traders.

	Broker	Review	Regulators	Min Deposit	Website
🥇		Read Review	ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA	USD 100	Visit Broker
🥈		Read Review	FSCA, IFSC, ASIC, CySEC, DFSA, FCA	USD 5	Visit Broker
🥉		Read Review	FCA, FSCA, FSC, CMA	USD 10	Visit Broker
4		Read Review	ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB	USD 200	Visit Broker
5		Read Review	FCA, CySEC, FSCA, SCB	USD 100	Visit Broker
6		Read Review	CySEC, MISA, FSCA	USD 25	Visit Broker
7		Read Review	CySEC, FCA, FSA, FSCA, Labuan FSA	USD 100	Visit Broker
8		Read Review	CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA	USD 10	Visit Broker
9		Read Review	ASIC, CySEC, FSCA, CMA	USD 100	Visit Broker
10		Read Review	IFSC, FSCA, ASIC, CySEC	USD 1	Visit Broker

Our Insights

While reviewing the Best Forex Brokers that accept Batswana Traders, we found 7 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.

You might also like:

• AvaTrade Review
• XM Review
• Pepperstone Review
• Interactive Brokers Review
• Saxo Bank Review
• IC Markets Review
• XTB Review