Best Forex Brokers To Trade With in Botswana for 2021
Table of Contents
Forex Trading In Botswana
As with most countries in Africa, forex trading has seen a significant increase in popularity across Botswana over the past few years. Although forex trading is not illegal in Botswana, it is considered a grey area and local residents are advised to trade with a broker who is authorized by the Bank of Botswana – https://www.bankofbotswana.bw/
If you want to learn more about forex trading and how it works , click here to visit our Beginners Guide to Forex.
Featured Forex Brokers
We decided to do all the hard work for you and guide you through the all the noise of the financial betting market. Our team of expert analysts, has created a unique collection of forex broker reviews, based on various criteria and data points for you to choose from.
Pepperstone
OctaFX
XM
XTB
Avatrade
Forex Regulation in Botswana
The Central Bank of Botswana is the regulatory body for all financial services and activities in Botswana. It was established in 1975 when the country withdrew from the Rand Monetary Area(RMA).Nevertheless, it is not required to get authorization from the Bank of Botwana, in order to offer financial services and forex trading to the residences of Botswana.
However, it is advised to choose a regulated broker with a Tier 1 license like Cysec, FCA, FSCA or ASIC to make sure your funds are protected.
Best Forex Brokers In Botswana
 Review | Regulated by: FCA , ASIC,CYSEC, BAFIN,CMA,DFSA,SCB | Leverage: 1:30 | Trading Platforms: MT4,MT5, cTrader |
| Min. Deposit: $200 | Spreads: Floating from 0.0 | Trading Instruments: 1000+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: SVGFSA(OctaFX.com), Cysec (OctaFX.eu) | Leverage: 1:500 | Trading Platforms: MT4, MT5, cTrader |
| Min. Deposit: $/€/£ 25 | Spreads: Low as 0.4 pips | Trading Instruments: 250+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: CySEC, IFSC, ASIC | Leverage: 1:30 *Max for EU clients | Trading Platforms: MT4, MT5, Mobile App |
| Min. Deposit: $5 | Spreads: Low as 0.1 pips | Trading Instruments: 250+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FCA | Leverage: 1:30 | Trading Platforms: MT4 and xStation5 |
| Min. Deposit: $/€/£ 250 | Spreads: Low as 0.1 pips | Trading Instruments: 250+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: ASIC, JFSA, FSCA | Leverage: 1:400 | Trading Platforms: AvaTradeGo, MT4, DupliTrade, ZuluTrade |
| Min. Deposit: $/€/£ 250 | Spreads: Floating from 1 pip | Trading Instruments: 250+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: N/A | Leverage: 1:400 | Trading Platforms: Propriety Platform |
| Min. Deposit: $250 | Spreads: Floating | Trading Instruments: 200+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSCA, FSA | Leverage: 1:100 | Trading Platforms: MT5 |
| Min. Deposit: $5 | Spreads: Floating from 1.4 | Trading Instruments: 8 Asset Classes |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill, Crypto |
||
| Open Account | |||
 Review | Regulated by: ASIC | Leverage: 1:500 | Trading Platforms: MT4, MT5, cTrader, ZuluTrader |
| Min. Deposit: $/€/£ 200 | Spreads: Low as 0.0 pips | Trading Instruments: 250+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: IFSC | Leverage: 1:777 | Trading Platforms: MT4,cTrader |
| Min. Deposit: $50 | Spreads: Floating from 0.6 | Trading Instruments: 50+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: CySec | Leverage: 1:1000 | Trading Platforms: In-House Platform |
| Min. Deposit: $/€/£ 10 | Spreads: Floating from 1 pip | Trading Instruments: 250+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSCA | Leverage: 1:500 | Trading Platforms: MT4, SocialCopy Trade |
| Min. Deposit: No min Deposit | Spreads: Low as 1.6 pips | Trading Instruments: 250+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSCA | Leverage: 1:200 | Trading Platforms: MT4, Sirix |
| Min. Deposit: $250 | Spreads: Start from 2.0 | Trading Instruments: 1000+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: SVGFSA | Leverage: 1:400 | Trading Platforms: Propriety Platform,MT5 |
| Min. Deposit: $250 | Spreads: Floating | Trading Instruments: 10,000+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: ASIC | Leverage: 1:500 | Trading Platforms: MT4,MT5 |
| Min. Deposit: 200 AUD | Spreads: Floating from 1 | Trading Instruments: 250+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: SVGFSA | Leverage: 1:400 | Trading Platforms: Propriety Platform |
| Min. Deposit: $250 | Spreads: Floating | Trading Instruments: 10,000+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: SVGFSA | Leverage: 1:400 | Trading Platforms: Propriety Platform |
| Min. Deposit: $5,000 | Spreads: Floating | Trading Instruments: 500+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSCA,FCA,CySEC,ASIC | Leverage: 1:300 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $250 | Spreads: Floating from 0.5 | Trading Instruments: 250+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: SVGFSA | Leverage: 1:400 | Trading Platforms: Propriety Platform |
| Min. Deposit: $2,500 | Spreads: Floating | Trading Instruments: 1,500+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: CySEC, FCA, ASIC | Leverage: 1:30 | Trading Platforms: OpenBook and WebTrader |
| Min. Deposit: $/€/£ 200 | Spreads: Variable | Trading Instruments: 250+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: SVGFSA | Leverage: 1:400 | Trading Platforms: Propriety Platform |
| Min. Deposit: $250 | Spreads: Floating | Trading Instruments: 500+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSC | Leverage: 1:400 | Trading Platforms: Propriety Platform |
| Min. Deposit: $5,000 | Spreads: Floating | Trading Instruments: 1,500+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: IFC | Leverage: 1:500 | Trading Platforms: Olymp Trade WebTrader |
| Min. Deposit: $/€/£ 10 | Spreads: Low as 0.0 pips | Trading Instruments: 250+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: SVGFSA | Leverage: 1:400 | Trading Platforms: Propriety Platform |
| Min. Deposit: $250 | Spreads: Floating | Trading Instruments: 1,500+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSCA | Leverage: 1:400 | Trading Platforms: MT4,Cloud Trade |
| Min. Deposit: $100 | Spreads: Floating from 1.6 | Trading Instruments: 250+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: SVGFSA | Leverage: 1:400 | Trading Platforms: Propriety Platform |
| Min. Deposit: $250 | Spreads: Floating | Trading Instruments: 1,500+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSCA | Leverage: 1:400 | Trading Platforms: MT4 |
| Min. Deposit: $200 | Spreads: Floating from 1.5 | Trading Instruments: 250+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: SVGFSA | Leverage: 1:400 | Trading Platforms: Propriety Platform |
| Min. Deposit: $1,000 | Spreads: Floating | Trading Instruments: 1,200+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: N/A | Leverage: 1:500 | Trading Platforms: Propriety Platform |
| Min. Deposit: $250 | Spreads: Floating | Trading Instruments: 10,000+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSCA | Leverage: 1:500 | Trading Platforms: MT4 |
| Min. Deposit: $0 | Spreads: Floating from 1.6 | Trading Instruments: 250+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSCA | Leverage: 1:200 | Trading Platforms: MT4 , MT5 |
| Min. Deposit: R2,000 | Spreads: Floating from 1.6 | Trading Instruments: 250+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: CySEC,FCA,FSA | Leverage: 1:2000 | Trading Platforms: MT4 |
| Min. Deposit: $1 | Spreads: Floating from 1.0 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: MSFA, BaFin, FCA | Leverage: 1:100 | Trading Platforms: MT4, MT5 |
| Min. Deposit: $500 | Spreads: Low as 1.2 pips | Trading Instruments: 250+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSCA, FCA, CySEC, FSC | Leverage: 1:1000 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $10 | Spreads: Floating from 0.1 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: ASIC, FCA, CySEC | Leverage: 1:1000 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $100 | Spreads: Floating from 0.1 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: CySEC , FCA , FSA | Leverage: 1:1000 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $100 | Spreads: Floating from 1 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FCA,FSA, FSCA, CySEC | Leverage: 1:500 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $5 | Spreads: Floating from 0.1 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: ASIC, CySEC | Leverage: 1:500 | Trading Platforms: MT4, MT5, IRESS, and WebTrader |
| Min. Deposit: $/€/£ 100 | Spreads: Ultra Tight from 0.0 pips | Trading Instruments: 13,000+ |
|
| Customer Support: 24/5 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: VFSC | Leverage: 1:200 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $250 | Spreads: Floating from 0.1 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: ASIC | Leverage: 1:200 | Trading Platforms: MT4 |
| Min. Deposit: $200 | Spreads: Floating from 1.5 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSC , CySEC , FSA | Leverage: 1:1000 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $100 | Spreads: Raw Spreads from 0.0 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: BVI, CySEC, LFSA | Leverage: 1:400 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $1 | Spreads: Floating from 1.9 | Trading Instruments: 250+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: ASIC | Leverage: 1:500 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $200 | Spreads: Floating from 0.1 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FCA, ASIC | Leverage: 1:500 | Trading Platforms: MT4, MT5, ThinkTrader |
| Min. Deposit: $250 | Spreads: Floating from 0.0 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSCA | Leverage: 1:500 | Trading Platforms: MT4 |
| Min. Deposit: $250 | Spreads: Floating from 1.6 | Trading Instruments: 250+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: IFMRRC | Leverage: 1:1000 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $50 | Spreads: Floating from 0.1 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FCA, ASIC | Leverage: 1:500 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $0 | Spreads: Floating from 0.0 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FCA, FSCA, ASIC, FSA | Leverage: 1:50 | Trading Platforms: MT4, IG Trading Platform |
| Min. Deposit: $0 | Spreads: Floating from 0.1 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: UK, FCA, ASIC, MAS, CySEC | Leverage: 1:30 | Trading Platforms: Plus500 trading platform |
| Min. Deposit: $100 | Spreads: Floating from 0.0 | Trading Instruments: 1000+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: FSCA | Leverage: 1:500 | Trading Platforms: MT4,MT5 |
| Min. Deposit: $0 | Spreads: Floating from 1.5 | Trading Instruments: 250+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: Unregulated | Leverage: 1:200 | Trading Platforms: MT4 |
| Min. Deposit: $10 | Spreads: Floating from 2 | Trading Instruments: 250+ |
|
| Customer Support: 24/7 | Deposit Methods: Bank Transfer, Visa, Mastercard, Maestro, Neteller, Skrill |
||
| Open Account | |||
 Review | Regulated by: Unregulated | Leverage: 1:500 | Trading Platforms: MT4 |
| Min. Deposit: $15 | Spreads: Floating from 1.6 | Trading Instruments: 250+ |
|
| Customer Support: 24/7 | Deposit Methods: Only Bitcoin |
||
| Open Account | |||
Methodology
All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas.
Our reviews are a combination of data research and working along side with the brokers. All information povided by the brokers are double checked to guarantee 100% accuracy and that we remain unbiased.
Read more about our methodology and how we do our tests and reviews here.