Best Forex Brokers in Botswana in 2021

Best Forex Brokers in Botswana in 2021

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According to trusted sources, there are more than 13.9 million traders worldwide, and with more than 1.8 million in Africa, there are thousands who are based in Botswana. Forex Brokers Botswana includes those that serve in several other African countries, and they are active forex brokers in many other global regions.

The best forex brokers for Botswanan traders in 2021 are:

  1. MTrading
  2. IC Markets
  3. FxPro
  4. XM
  5. AXIORY
  6. HotForex
  7. Axi
  8. Admirals
  9. XTB
  10. Exness

1. MTrading

MTrading is a forex broker that was founded in 2012 and is headquartered in Saint Vincent and the Grenadines. MTrading does not have any known regulation with any entities.

The CEO for MTrading is John C. Marchisotto, who has held the position since the company was started. In terms of users, there are more than 250,000 forex traders registered with MTrading, according to trusted sources. According to official sources, the staff size for MTrading is between 1 and 10 employees.

In terms of deposit rates and fees, MTrading charges a minimum deposit of 100 USD with a spread from 0.1 pips with typical spreads from 1.2 pips with the benefit of commission-free trading.

In terms of trading speed, MTrading executes all orders within a few seconds. In terms of the trust, security, and security features, MTrading claims that it is a reliable, award-winning broker that guarantees client fund protection of up to 20,000 EUR and that all client funds are kept in segregated accounts. 

In terms of tradable financial instruments, MTrading offers the following:

  • Commodities
  • Forex
  • Indices
  • Stocks

In terms of currency types, MTrading supports the following currencies:

  • USD
  • EUR
  • RUB
  • VND
  • THB

In terms of trading software, MTrading offers forex traders the use of MetaTrader 4 on mobile, desktop, and the web. In terms of research and education, MTrading offers a free newsletter and blog. Forex traders can also expect these useful trading tools:

  1. Market Insights
  2. Webinars
  3. Financial seminars
  4. Articles
  5. Tutorials
  6. PAMM solutions
  7. Copy Trade Introducing Broker (IB) solutions

In terms of customer support, MTrading can be contacted through the following channels:

  • Live Chat
  • Email
  • Telephone
  • LinkedIn
  • Twitter
  • Facebook
  • Instagram

In terms of the service area, MTrading serves traders from around the world except for traders from these regions:

  • Japan
  • The United States
  • United Kingdom
  • Germany
  • Canada
  • New Zealand

When compared to other forex brokers, MTrading offers the following unique sides and features:

  • Client fund protection up to 20,000 EUR
  • Commission-free trading and competitive spreads from 0.1 pips
  • Access to MetaTrader 4 across most devices
  • More than 100 tradable financial instruments

MTrading is an active forex broker in Botswana that has hundreds of registered traders who use its solutions. In terms of market share, MTrading does not have a significant portion but has some support from locals in Botswana. 

In terms of privileges that MTrading offers to citizens from Botswana, forex traders can expect a $30 welcome bonus as well as a deposit bonus when they register an account with MTrading.

The reason why so many forex traders use MTrading in Botswana relates to its competitive trading conditions and reliable trading platform, MetaTrader 4.

To get more information, you can read the MTrading Forex Suggest review.

2. IC Markets

IC Markets is a forex broker that was founded in 2007 and is headquartered in Australia. IC Markets is a regulated broker with regulation and authorization through these entities:

  • Australian Securities and Investment Commission (ASIC)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Securities Commission of the Bahamas (SCB)

Andrew Budzinski founded IC Markets, and he has also been the CEO since the forex broker was established. IC Markets has an average trading volume that exceeds 18.9 billion USD, and according to official sources, the staff size for IC Markets is 260.

In terms of deposit rates and fees, IC Markets charges a minimum deposit of 200 USD with a spread from 0.0 pips and commissions of $3, according to the volume traded and the financial instrument.

In terms of trading speed, IC Markets executes all orders within a few seconds and guarantees low-latency liquidity. In terms of the trust, security, and security features, IC Markets is a trusted and well-regulated broker that uses the latest technological software.

In terms of tradable financial instruments, IC Markets offers the following:

  • Forex
  • Commodities
  • Cryptocurrency
  • Stocks
  • Shares
  • Indices
  • Metals
  • Energies
  • Bonds
  • CFDs

In terms of currency types, IC Markets supports the following currencies:

  • USD
  • JPY
  • EUR
  • GBP
  • CAD

In terms of trading software, IC Markets offers Forex traders the following applications:

  1. cTrader
  2. MetaTrader 4
  3. MetaTrader 5

In terms of research and education, IC Markets offers Forex traders these useful trading tools:

  1. Forex Glossary
  2. Trading Knowledge
  3. Video Tutorials
  4. WebTV
  5. Webinar
  6. IC Markets Market Analysis
  7. Forex Calculators
  8. Economic Calendar
  9. Trading Lessons (10 Lessons)

In terms of customer support, IC Markets can be contacted through the following channels:

  • Facebook
  • Twitter
  • Instagram
  • Google+
  • Telephone
  • Live Chat
  • Email

In terms of the service area, IC Markets serves traders from around the world except for traders from these regions:

  • The United States
  • Iran
  • Yemen
  • Canada, and several others that are on the OFAC list.

When compared to other forex brokers, IC Markets offers the following unique sides and features:

  • IC Markets is a trusted, reputable, and well-regulated broker
  • Ultra-low commission charges from $3
  • Choice in powerful trading platforms, namely MetaTrader 4, MetaTrader 5, and cTrader
  • Access to more than 285 tradable financial instruments

IC Markets is an active forex broker in Botswana with thousands of registered users. In terms of market share, IC Markets occupies a decent percentage despite the competitiveness of the field.

In terms of privileges that IC Markets offers to citizens from Botswana with a range of trading tools and competitive conditions.

The reason why so many forex traders use IC Markets in Botswana relates to its trusted services, award-winning solutions, and choice in accounts and trading conditions.

To get more information, you can read the IC Markets Forex Suggest review.

3. FxPro

FxPro is a forex broker that was founded in 2006 and is headquartered in the United Kingdom. FxPro is a regulated broker with regulation and authorization through these entities:

  • Financial Conduct Authority (FCA)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Financial Sector Conduct Authority (FSCA)
  • Securities Commission of the Bahamas (SCB)

An unknown group founded FxPro, and the CEO is Charalambos Psimolophitis, who has held the position for the past several years. The average daily trading volume that FxPro experiences are more than 6.5 billion USD, according to official sources.

In terms of users, there are more than 1.8 million forex traders registered with FxPro, according to trusted sources. According to official sources, the staff size for FxPro is between 100 and 250.

In terms of deposit rates and fees, FxPro charges a minimum deposit of 100 USD with a spread from 0.37 pips and commissions of $45 per 1 million USD traded.

In terms of trading speed, FxPro executes all orders in less than 14 milliseconds. In terms of the trust, security, and security features, FxPro is well-regulated and uses stringent security protocols to ensure client fund safety.

In terms of tradable financial instruments, FxPro offers the following:

  • Forex
  • Metals
  • Shares
  • Indices
  • Energies
  • Futures

In terms of currency types, FxPro supports the following currencies:

  • USD
  • EUR
  • GBP
  • CHF
  • PLN
  • AUD
  • JPY
  • ZAR

In terms of trading software, FxPro offers forex traders the following applications:

  1. FxPro Trading Platform
  2. MetaTrader 4
  3. MetaTrader 5
  4. cTrader

In terms of research and education, FxPro offers a free newsletter and blog. Forex traders can also expect these useful trading tools:

  1. Webinars and Events
  2. Economic Calendar
  3. Calculators
  4. Fundamental and Technical Analysis
  5. Trading Tests
  6. Video Tutorials

In terms of customer support, FxPro can be contacted through the following channels:

  • Facebook
  • Instagram
  • LinkedIn
  • Telephone
  • Email
  • Live Chat
  • Twitter
  • Telegram

In terms of the service area, FxPro serves traders from around the world except for traders from these regions:

  • The United States
  • Iraq
  • Canada, and some other regions.

When compared to other forex brokers, FxPro offers the following unique sides and features:

  • Guaranteed client fund security as well as trusted solutions and strict security protocols
  • Competitive commission fees
  • A choice between the best trading software in the industry and a proprietary trading platform
  • More than 260 tradable financial instruments spread across several asset classes

FxPro is a very active forex broker in Botswana with more than 1,000 registered users. In terms of market share, FxPro shares a large portion along with its competitors and peers.

In terms of privileges that FxPro offers to citizens from Botswana, forex traders can expect unique, tailor-made solutions.

The reason why so many forex traders use FxPro in Botswana relates to the flexible solutions that it provides to both beginners and professional traders alike.

To get more information, you can read the FxPro Forex Suggest review.

4. XM

XM is a forex broker that was founded in 2009 and is headquartered in Cyprus. XM is a regulated broker with regulation and authorization through these entities:

  • Australian Securities and Investment Commission (ASIC)
  • Cyprus Securities and Exchange Commission (CySEC)
  • International Financial Services Commission (IFSC)

An undisclosed individual/group founded XM, and the CEO is Constantinos Cleanthous, who has held the position for the past several years. The market capitalization for XM is 14.26 billion USD, according to official stock information. 

In terms of users, there are more than 3.5 million forex traders registered with XM, according to trusted sources. According to official sources, the staff size for XM is more than 450.

In terms of deposit rates and fees, XM charges a minimum deposit of 5 USD with a spread from 0.0 pips and commissions that start from $1.

In terms of trading speed, XM executes 99.35% of orders within a second. In terms of the trust, security, and security features, XM uses strict security protocols to ensure a safe trading environment.

In terms of tradable financial instruments, XM offers the following:

  • Stocks
  • Shares
  • Indices
  • Metals
  • Forex
  • Commodities
  • Cryptocurrency
  • Energies
  • CFDs

In terms of currency types, XM supports the following currencies:

  • USD
  • EUR
  • GBP
  • JPY
  • AUD
  • ZAR, and more.

In terms of trading software, XM offers forex traders the following applications:

  1. MetaTrader 4
  2. MetaTrader 5

In terms of research and education, XM offers a free newsletter and blog. Forex traders can also expect these useful trading tools:

  1. Podcast
  2. XM Live
  3. Live Education
  4. Forex Webinars
  5. Forex Seminars Market Overview
  6. XM Research
  7. Trade-Ideas
  8. Technical Summaries
  9. Economic Calendar

In terms of customer support, XM can be contacted through the following channels:

  • Twitter
  • Instagram
  • LinkedIn
  • Live Chat
  • Email
  • Telephone
  • Facebook

In terms of the service area, XM serves traders from around the world except for traders from these regions:

  • The United States
  • Canada
  • Iran
  • Israel

When compared to other forex brokers, XM offers the following unique sides and features:

  • XM is a large, award-winning broker that is trusted by many forex traders in the industry
  • XM is well-known for its low and competitive commission fees
  • Traders have a choice between two of the most powerful trading platforms in the industry
  • Forex traders from Botswana can trade more than 1,000 financial instruments

XM is an active forex broker in Botswana with thousands of registered users. In terms of market share, XM occupies one of the largest shares of over 20% when compared to its peers.

In terms of privileges, XM does not offer Botswanan traders any specific privileges except access to a range of trading accounts, bonuses, promotions, and several other benefits.

The reason why so many forex traders use XM in Botswana relates to its sheer size, trust, and the competitive trading conditions that it offers to both beginners and professional traders.

To get more information, you can read the XM Forex Suggest review.

5. AXIORY

AXIORY is a forex broker that was founded in 2007 and is headquartered in Belize. AXIORY is a regulated broker with regulation and authorization through these entities:

  • International Financial Services Commission in Belize (IFSC)

The CEO for AXIORY is Roberto d'Ambrosio, who has held the position for the past two years. According to official sources, the staff size for AXIORY is between 10 and 50 employees. In terms of deposit rates and fees, AXIORY charges a minimum deposit of 50 USD with a spread from 0.2 pips EUR/USD and commissions of $6 per lot.

In terms of trading speed, AXIORY executes all orders within 200 milliseconds. In terms of the trust, security, and security features, AXIORY offers traders compensation, and client funds are kept in segregated accounts.

In terms of tradable financial instruments, AXIORY offers the following:

  • Forex
  • Stocks
  • Stock CFDs
  • CFD Indices
  • Energies
  • Metals

In terms of currency types, AXIORY supports the following currencies:

  • USD
  • EUR
  • GBP
  • AUD, and several others.

In terms of trading software, AXIORY offers forex traders the following applications:

  1. MetaTrader 4
  2. MetaTrader 5
  3. cTrader

In terms of research and education, AXIORY offers a free newsletter and blog. Forex traders can also expect these useful trading tools:

  1. MyAxiory
  2. Calculators
  3. AutoChartist
  4. Strike Indicator

In terms of customer support, AXIORY can be contacted through the following channels:

  • Email
  • Telephone
  • Live chat
  • Facebook
  • LinkedIn
  • Twitter
  • Instagram

In terms of the service area, AXIORY serves traders from around the world except for traders from these regions:

  • United States
  • Japan, and some other regions.

When compared to other forex brokers, AXIORY offers the following unique sides and features:

  • Client fund protection and segregation
  • Competitive commissions from $6 per lot
  • A choice between three powerful trading platforms
  • The ability to trade more than 150 financial instruments

AXIORY is an active forex broker in Botswana with more than a few hundred registered users. In terms of market share, AXIOIRY faces a lot of tough competition from larger, more established competitors, but it holds its own within the Botswanan region.

In terms of privileges that AXIORY offers, Botswanan traders are not granted specific privileges but can expect unique trading solutions.

The reason why so many forex traders use AXIORY in Botswana relates to its unique research and educational tools, choice in trading platforms, and range of tradable instruments.

To get more information, you can read the AXIORY Forex Suggest review.

6. HotForex

HotForex is a forex broker that was founded in 2010 and is headquartered in Cyprus. HotForex is a regulated broker with regulation and authorization through these entities:

  • Financial Sector Conduct Authority (FSCA)
  • Dubai Financial Services Authority (DFSA)
  • Financial Services Commission (FSC)
  • Financial Services Authority (FSA)

The CEO for Hot Forex is George Koumandaris, who has held the position for the past several years. The average daily trading volume for HotForex is 11.9 billion USD.

In terms of users, there are more than 2.5 million forex traders registered with HotForex, according to trusted sources. According to official sources, the staff size for HotForex is more than 200 employees.

In terms of deposit rates and fees, HotForex charges a minimum deposit of 5 USD with a spread from 0.1 pips EUR/USD and a commission of $3.

In terms of trading speed, HotForex executes all orders within milliseconds. In terms of the trust, security, and security features, HotForex uses the latest protocols to guarantee a safe and secure trading environment.

In terms of tradable financial instruments, HotForex offers the following:

  • Indices
  • Stocks
  • CFDs
  • Metals
  • Energies
  • Forex
  • Commodities
  • Cryptocurrencies
  • Bonds
  • Shares

In terms of currency types, HotForex supports the following currencies:

  • USD
  • ZAR, and more.

In terms of trading software, HotForex offers forex traders the following applications:

  1. MetaTrader 4
  2. MetaTrader 5

In terms of research and education, HotForex offers a free newsletter and blog. Forex traders can also expect these useful trading tools:

  1. Economic Calendar
  2. Trader’s Board
  3. HotForex Educational Videos
  4. Trading Courses
  5. Forex e-Course and education
  6. Webinars and several others.

In terms of customer support, HotForex can be contacted through the following channels:

  • Facebook
  • Twitter
  • Telegram
  • Instagram
  • LinkedIn
  • Telephone
  • Email
  • Live Chat
  • Contact Request Form

In terms of the service area, HotForex serves traders from around the world except for traders from the United States. When compared to other forex brokers, HotForex offers the following unique sides and features:

  • HotForex is a multi-regulated online broker and platform
  • Ultra-low commission charges on trades
  • A choice between two powerful trading platforms
  • A wide range of tradable financial instruments spread across several asset classes

HotForex is an active forex broker in Botswana with thousands of registered users. In terms of market share, HotForex is one of the most prominent brokers in Botswana despite the competition present in forex trading.

In terms of privileges that HotForex offers to citizens from Botswana includes a choice in trading accounts and a range of bonuses and promotions.

The reason why so many forex traders use HotForex in Botswana relates to its security and safety of client funds, range of trading opportunities, and flexibility of trading solutions.

To get more information, you can read the HotForex Forex Suggest review.

7. Axi

Axi is a forex broker that was founded in 2007 and is headquartered in Saint Vincent and the Grenadines. Axi is a regulated broker with regulation and authorization through these entities:

  • Australian Securities and Investment Commission (ASIC)
  • Financial Conduct Authority (FCA)
  • Financial Services Authority in Saint Vincent and the Grenadines (SVG FSA)

Quinn Perrott and Goran Drapac founded Axi, and the CEO is Rajesh Yohannan, who has held the position since 2016. Axi has a yearly trading volume of more than 2.5 trillion USD, and, in terms of users, there are more than 60 000 forex traders registered with Axi, according to trusted sources. According to official sources, the staff size for Axi is between 250 and 500 employees.

In terms of deposit rates and fees, Axi does not have a predetermined deposit rate but charges a spread from 0.0 pips and commissions from $7 per turn.

In terms of trading speed, Axi executes all orders with instant and market execution within a few milliseconds. In terms of the trust, security, and security features, Axi guarantees a secure trading environment by using SSL and other strict protocols.

In terms of tradable financial instruments, Axi offers the following:

  • Forex
  • Commodities
  • Cryptocurrency
  • Stocks
  • Shares
  • Indices
  • Metals
  • Energies
  • Bonds
  • CFDs
  • ETFs

In terms of currency types, Axi supports the following currencies:

  • USD
  • EUR
  • GBP
  • CHF
  • AUD, and more.

In terms of trading software, Axi offers forex traders the following applications:

  1. Metatrader 4
  2. MetaTrader 4 NextGen

In terms of research and education, Axi offers a free newsletter and blog. Forex traders can also expect these useful trading tools:

  1. Beginner’s Guides
  2. Trading Basics
  3. Seminars and Webinars
  4. Markets Blog
  5. Axi Academy

In terms of customer support, Axi can be contacted through the following channels:

  • Telephone
  • Email
  • Online Chat
  • WhatsApp
  • Facebook
  • LinkedIn
  • Twitter

In terms of the service area, Axi serves traders from around the world except for traders from these regions:

  • The United States
  • Canada
  • Iran

When compared to other forex brokers, Axi offers the following unique sides and features:

  • Axi is a well-regulated, trusted, award-winning broker
  • Low and competitive commission charges per round
  • The use of MetaTrader 4 along with MetaTrader 4 NextGen
  • A great variety and range of tradable instruments to choose from

Axi is an active forex broker in Botswana with more than a few hundred registered users. In terms of market share, Axi shares the space with other competitors.

In terms of privileges that Axi offers to citizens from Botswana with competitive trading conditions.

The reason why so many forex traders use Axi in Botswana relates to its superior research and education section, dedicated customer support, and flexible funding methods.

To get more information, you can read the Axi Forex Suggest review.

8. Admirals

Admirals is a forex broker that was founded in 2001 and is headquartered in the United Kingdom. Admirals is a regulated broker with regulation and authorization through these entities:

  • Financial Conduct Authority (FCA)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Estonian Financial Supervision Authority (EFSA)
  • Australian Financial Services License (AFSL)

The CEO for Admirals is Sergei Bogatenkov, who has held the position for the past several consecutive years. The market capitalization for Admirals is 12 billion USD, according to official stock information.

In terms of users, there are millions of forex traders registered with Admirals, according to trusted sources. According to official sources, the staff size for Admirals is between 250 and 500 employees.

In terms of deposit rates and fees, Admirals charges a minimum deposit of 1 USD with a spread from 0.0 pips and commissions of $0.01.

In terms of trading speed, Admirals executes 90% of all orders within 90 milliseconds. In terms of the trust, security, and security features, Admirals is a well-regulated and trusted forex broker and trading platform that uses strict protocols and processes.

In terms of tradable financial instruments, Admirals offers the following:

  • Forex
  • Commodities
  • Indices
  • Shares
  • ETFs
  • Bonds
  • Cryptocurrency CFDs
  • Energies
  • Metals

In terms of currency types, Admirals supports the following currencies:

  • EUR
  • USD
  • AUD
  • BGN
  • CHF
  • CZK
  • GBP
  • HRK
  • HUG
  • NOK
  • PLN, and more.

In terms of trading software, Admirals offers forex traders the following applications:

  1. MetaTrader 4
  2. MetaTrader 5
  3. MetaTrader Supreme Edition

In terms of research and education, Admirals offers a free newsletter and blog. Forex traders can also expect these useful trading tools:

  1. Premium Analytics
  2. Fundamental and Technical Analysis
  3. Forex Calendar
  4. Trading Central
  5. Market Sentiment
  6. Glossary
  7. Seminars
  8. Tutorials and Articles
  9. Risk Management
  10. Forex 101

In terms of customer support, Admirals can be contacted through the following channels:

  • Live Chat
  • Telephone
  • Email
  • Facebook
  • Twitter
  • LinkedIn
  • Instagram

In terms of the service area, Admirals serves traders from around the world except for traders from these regions:

  • Singapore
  • Malaysia
  • Japan
  • Canada
  • The United States, and several other regions.

When compared to other forex brokers, Admirals offers the following unique sides and features:

  • Admirals is a large, well-established, and trusted forex broker that serves traders from around the world
  • Admirals is known for its ultra-low commission charges and tight spreads
  • Access to MetaTrader 4, MetaTrader 5, and the MetaTrader 4 Supreme edition
  • Over 4,000 tradable financial instruments from all global financial markets

Admirals is an active forex broker in Botswana with more than 500 registered users. In terms of market share, Admirals shares the space with other competitors in the Botswanan region.

In terms of privileges that Admirals offers to citizens from Botswana, a range of tradable instruments, competitive conditions, tailor-made solutions to suit all levels of traders.

The reason why so many forex traders use Admirals in Botswana relates to its trustworthiness, range of solutions, and flexibility.

To get more information, you can read the Admirals Forex Suggest review.

9. XTB

XTB is a forex broker that was founded in 2002 and is headquartered in Belize. XTB is a regulated broker with regulation and authorisation through these entities:

  • Financial Conduct Authority (FCA)
  • International Financial Services Commission (IFSC)
  • The Prudential Control and Resolution Authority (ACPR)
  • Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
  • Komisja Nadzoru Finansowego (KNF)
  • Comisión Nacional del Mercado de Valores (CNMV)
  • The Capital Markets Banc (CMB)

Jakub Zablocki founded XTB, and the CEO is Carl Kirchner, who has held the position since 2014. The market capitalization for XTB is 2 049.52 million USD, according to stock information.

In terms of users, there are more than 275 000 forex traders registered with XTB, according to trusted sources. According to official sources, the staff size for XTB is 500 employees.

In terms of deposit rates and fees, XTB charges a minimum deposit of 250 USD with a spread from 0.5 pips EUR/USD and commissions from 0.08% on Stock CFDs as well as ETF CFDs.

In terms of trading speed, XTB executes all orders within just a few seconds because of robust technology. In terms of the trust, security, and security features, XTB is a trusted broker that uses stringent security protocols and the best software on the market.

In terms of tradable financial instruments, XTB offers the following:

  • ETF CFDs
  • Cryptocurrencies
  • Forex
  • Indices
  • Commodities
  • Stock CFDs

In terms of currency types, XTB supports the following currencies:

  • USD
  • EUR
  • GBP
  • HUF

In terms of trading software, XTB offers forex traders the following applications:

  1. XTB Online Trading xStation 5 trading platform
  2. MetaTrader 4

In terms of research and education, XTB offers a free newsletter and blog. Forex traders can also expect these useful trading tools:

  1. Trading Academy
  2. Trading Articles
  3. Live Webinars
  4. Market Sentiment
  5. Market Calendar

In terms of customer support, XTB can be contacted through the following channels:

  • Live Chat
  • Telephone
  • Email
  • Facebook
  • Twitter

In terms of the service area, XTB serves traders from around the world except for traders from these regions:

  • The United States
  • Australia
  • South Korea
  • Singapore
  • Cuba
  • Democratic Republic of Congo
  • Libya
  • Kenya
  • Guyana
  • Vanuatu
  • Mozambique, and several others.

When compared to other forex brokers, XTB offers the following unique sides and features:

  • XTB is a large, trusted, stock exchange-listed forex broker and financial services provider
  • XTB charges competitive and ultra-low commissions on trades
  • Traders can use MetaTrader 4, or the powerful proprietary trading software provided
  • There are more than 1,500 tradable financial instruments

XTB is an active forex broker in Botswana with more than 200 registered users. In terms of market share, XTB occupies a decent portion, especially when considering the competition in the field.

In terms of privileges that XTB offers to citizens from Botswana, a range of tailor-made solutions, low trading fees and commissions, and powerful trading technology.

The reason why so many forex traders use XTB in Botswana relates to its unique offering, award-winning status, and trusted solutions.

To get more information, you can read the XTB Forex Suggest review.

10. Exness

Exness is a forex broker that was founded in 2008 and is headquartered in the United Kingdom. Exness is a regulated broker with regulation and authorization through these entities:

  • Financial Conduct Authority (FCA)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Seychelles Financial Services Authority (FSA)
  • Financial Sector Conduct Authority (FSCA)
  • Central Bank of Curacao and Sint Maarten (CBCS)
  • Financial Services Commission of the British Virgin Islands (FSC BVI)

Petr Valov founded Exness, and the CEO is David Morris, who has held the position since 2016. Exness has a monthly trading volume of more than 300 billion USD.

In terms of users, there are more than 70,000 forex traders registered with Exness, according to trusted sources. According to official sources, the staff size for Exness is between 100 and 500.

In terms of deposit rates and fees, Exness charges a minimum deposit of 10 USD with a spread from 0.0 pips and commissions from $3.5 per lot per side.

In terms of trading speed, Exness executes all orders within a few milliseconds. In terms of the trust, security, and security features, Exness has strict protocols in place to ensure client fund safety, security on the website and trading platforms, and several other innovative features.

In terms of tradable financial instruments, Exness offers the following:

  • Forex
  • Metals
  • Energies
  • Indices
  • Cryptocurrencies
  • CFDs

In terms of currency types, Exness supports the following currencies:

  • USD
  • AUD
  • GBP
  • ZAR
  • CHF, and more.

In terms of trading software, Exness offers forex traders the following applications:

  1. MetaTrader 4
  2. MetaTrader 5

In terms of research and education, Exness offers a free newsletter and blog. Forex traders can also expect these useful trading tools:

  1. Forex Calculator
  2. Convertor
  3. VPS Hosting
  4. WebTV
  5. Tick History 
  6. Economic Calendar

In terms of customer support, Exness can be contacted through the following channels:

  • Online live chat
  • Email
  • Telephone
  • Facebook
  • Twitter
  • YouTube
  • LinkedIn
  • Instagram

In terms of the service area, Exness serves traders from around the world except for traders from these regions:

  • United States
  • Canada
  • Japan, and several other regions.

When compared to other forex brokers, Exness offers the following unique sides and features:

  • Exness is a trusted brand in forex trading
  • Traders are charged industry-standard commissions of $3.5 per lot, per turn, or $7 for a full round
  • Traders can choose between the powerful MetaTrader 4 or MetaTrader 5, through which trades can be executed seamlessly
  • Traders are offered a choice between 1,000 different financial instruments that can be traded

Exness is an active forex broker in Botswana with more than 200 registered users. In terms of market share, Exness has a decent portion because of its unique solutions. 

In terms of privileges that Exness does not offer Botswanan traders any specific privileges other than what other traders can expect, including competitive trading conditions and a safe trading environment.

The reason why so many forex traders use Exness in Botswana relates to its award-winning trading solutions, unique and flexible trading opportunities, range of trading tools and technology, and competitive pricing.

To get more information, you can read the Exness Forex Suggest review.

Forex Trading in Botswana

Forex trading has exploded across the African continent in recent years with the infiltration of more regulated brokers, providing Botswanan traders with the perfect gateway to the forex market.

“Forex Trading in Botswana” should be defined. The trader count, broker count, market cap, regulation institutions, laws, and the things that should be known…

    

What should be known for Forex Trading in Botswana

  • Regulations
  • Currency pairs
  • Trading platforms
  • Trading security
  • Costs

In terms of regulations, traders in Botswana are urged to only use forex brokers who are regulated and authorized by the Financial Sector Conduct Authority (FSCA) and the Bank of Botswana.

In terms of currency pairs, the forex brokers on this list provide traders with access to a range of tradable financial instruments. In addition, a forex market is a place where Botswanan traders can exchange the Botswana pula (BWP) with other currencies.

In terms of trading platforms, traders have access to a range of powerful, proprietary trading platforms offered by some brokers and the provision of MetaTrader 4, MetaTrader 5, cTrader, and many others that connect traders to their broker and the financial markets.

In terms of trading security, these brokers are known to guarantee client fund security by keeping funds in segregated accounts with top-tier banks. These brokers also use the best security technology and protocols to ensure that client information and data between the website and trading platforms are secure.

In terms of costs, these brokers are some of the best forex brokers who offer trading solutions at competitive costs to Botswanan traders.

Who are the Forex Regulators in Botswana?

The forex regulators for Botswana are:

  • Financial Sector Conduct Authority (FSCA)
  • Bank of Botswana

Is Forex Trading legal in Botswana?

Yes, forex trading is legal in Botswana, and the government is continuously working to ensure that traders have a safe, transparent trading environment with a strict forex regulatory framework which is in place.

How many Forex Traders are there in Botswana?

The exact count on forex traders for Botswana is not given, but there are more than 1.8 million forex traders based in Africa.

What do Botswana’s citizens think about Forex Trading?

Botswanan citizens are optimistic when it comes to forex trading, and there are a few successful traders who reside in the country who share their success story with communities, helping them get started in forex trading.

Best Forex Brokers for Beginners in Botswana

The best forex brokers for beginners in Botswana are:

  1. XM
  2. HotForex
  3. Axi
  4. Admirals
  5. Exness

These forex brokers are the best for beginners in Botswana as they offer comprehensive educational materials along with a demo account. The demo account allows traders to practice their trading to improve their forex trading skills before they trade in a live trading environment.

Best Forex Brokers for Experts in Botswana

The best forex brokers for Experts in Botswana are:

  1. AXIORY
  2. MTrading
  3. FxPro
  4. XTB
  5. IC Markets

These forex brokers have been selected as the best for Botswanan expert traders because of the range of useful trading tools, powerful features on the trading platforms, and range of options that experts have available to them to test their strategies, refine their trading and become professional traders.

Best Forex Brokers for Other Countries

The best forex brokers for South Africa are:

  1. Khwezi Trade
  2. CMTrading
  3. Markets.com
  4. Pepperstone
  5. Blackstone Futures

The best forex brokers for Namibia are:

  1. MyChoiceFX
  2. FXCM
  3. FXTM
  4. IG
  5. XM Group