{"id":7503,"date":"2020-07-16T11:47:38","date_gmt":"2020-07-16T08:47:38","guid":{"rendered":"http:\/\/thetraderinyou.com\/test?p=7503&preview=true"},"modified":"2021-07-09T15:46:58","modified_gmt":"2021-07-09T12:46:58","slug":"best-forex-brokers-in-botswana","status":"publish","type":"post","link":"https:\/\/thetraderinyou.com\/test\/best-forex-brokers-in-botswana\/","title":{"rendered":"The \ud83c\udfc6 best forex brokers in Botswana 2024 \ud83d\udc4d\ud83d\udcb0"},"content":{"rendered":"\n

Looking for the best forex brokers in Botswana?<\/p>\n\n\n\n

We’ve put together a list of the top and the best forex trading brokers<\/a> you can trade forex with in 2024.<\/p>\n\n\n\n

Looking for forex brokers in Botswana with a no deposit bonus<\/a>? We’ve got two for you. <\/p>\n\n\n\n

Avoid the forex scams that have rocked town and trade with only regulated and registered forex brokers in Botswana. <\/p>\n\n\n\n

I’ve traded with all these brokers on a live account and have withdrawn money. That is why I recommend them. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Reviews of the \ud83c\udfc5 Top Forex Brokers in Botswana.<\/strong><\/h2>\n\n\n\n
<\/div>\n\n\n\n
  1. \ud83e\udd47<\/a> XM <\/a>\u2013 Best forex broker in Botswana.<\/li>
  2. \ud83e\udd48 ForexTime (FXTM)<\/a> \u2013 Best forex broker with local funding.<\/li>
  3. \ud83e\udd49<\/a> TickMill<\/a> \u2013 Best tight spreads and commissions forex broker.<\/li>
  4. \ud83c\udfc5<\/strong><\/a> Exness <\/a>\u2013 Best forex broker with instant withdrawal<\/li>
  5. \ud83c\udfc5<\/strong><\/a> HotForex <\/a>\u2013 Best 100% deposit bonus forex broker<\/li>
  6. \ud83c\udfc5<\/strong> ICMarkets <\/a>\u2013 The best ECN, PayPal and Multi-platform Broker<\/li><\/ol>\n\n\n\n
    <\/div>\n\n\n\n\n\n
    <\/div>\n\n\n\n

    ForexTime (FXTM) Review<\/a><\/h3>\n\n\n\n
    <\/div>\n\n\n\n
    \"fxtm<\/a>

    Open an Account<\/a><\/td>    		Quick info<\/strong>
    Founded:<\/strong> 2011
    Regulator:<\/strong> CySEC – Cyprus, FSCA – South Africa, FCA – UK.
    Minimum deposit:<\/strong> $10 – Cent. $100 Standard. $500 ECN
    Leverage:<\/strong> Up to 1:2000
    Average spread:<\/strong> 0 -1.5 ECN. From 1.3 – Standard
    Platforms:<\/strong> MT4, MT5, Web, Mobile   <\/td><\/tr>
    \n  \n <\/td>Why trade forex with ForexTime<\/a>. <\/strong>
    – Super tight spreads
    – Multiple withdraw and deposit methods
    – Easy to open verify an account
    – Regulated broker \u00a0
    – Accepts     Mobile Money<\/a> <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
    <\/div>\n\n\n\n
    \"ForexTime<\/a>
    <\/figcaption><\/figure>\n\n\n\n
    <\/div>\n\n\n\n

    Exness Forex Broker Review<\/a><\/h3>\n\n\n\n
    <\/div>\n\n\n\n
    \"Exness<\/a>

    Open an Account<\/a><\/td>    		Quick info<\/strong>
    Founded:<\/strong> 2008
    Regulator:<\/strong> FSA, Seychelles
    Minimum deposit:<\/strong> $1
    Leverage:<\/strong> Up to 1:2000
    Average spread:<\/strong> 0 (Zero and Raw spread) 0.3 – Standard
    Platforms:<\/strong> MT4, MT5, Web, Mobile   <\/td><\/tr>
    \n  \n <\/td>Why trade forex with Exness<\/a>. <\/strong>
    – Super tight spreads
    – Instant automated Withdrawals and deposits 24\/7
    – Multiple withdraw and deposit methods
    – Negative balance protection
    – Regulated broker
    – Mpesa and Mobile money broker \u00a0
    – Funding in local currency <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
    \n
    Open an Account with Exness. Low spreads. Local funding options<\/strong><\/a><\/div>\n<\/div>\n\n\n\n
    <\/div>\n\n\n\n

    IC Markets Forex Broker Review<\/a><\/h3>\n\n\n\n
    <\/div>\n\n\n\n
    \"icmarkets<\/a>

    Open an Account<\/a>

    IC Markets Review<\/a><\/td>    		Quick info<\/strong>
    Founded<\/strong>: 2007
    Regulator<\/strong>: ASIC Australia, FSA Seychelles, CySEC Cyprus
    Minimum deposit<\/strong>: $200
    Leverage<\/strong>: Up to 1:500
    Average spread<\/strong>s : 0 (cTrader and Raw spread) and from 1.0 \u2013 Standard
    Commissions<\/strong> : only on cTrader –  $6.0 and Raw Spread – $7 per lot round-turn
    Platforms:<\/strong> MT4, MT5, cTrader, Web, Mobile   <\/td><\/tr>
    \n  \n <\/td>Why trade forex with IC Markets<\/a>.
    – Super tight spreads
    – Multiple withdrawal and deposit methods
    – Supports PayPal deposits and withdrawal
    – Regulated broker \u00a0 \u00a0 <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
    \n
    Open a<\/strong> free demo<\/strong> account with the best ECN broker – ICMarkets.<\/strong><\/a><\/div>\n<\/div>\n\n\n\n
    <\/div>\n\n\n\n

    HotForex Forex Broker Review<\/a><\/h3>\n\n\n\n
    <\/div>\n\n\n\n
    \"HotForex-<\/a>

    Open an Account.<\/a> <\/td>    		Quick info<\/strong>
    Founded<\/strong>: 2010
    Regulator<\/strong>: FCA United Kingdom, FSA Seychelles, DFSA Dubai, FSCA South Africa
    Account currency:<\/strong> USD, EUR, GBP
    Minimum deposit<\/strong>: $5
    Leverage<\/strong>: Up to 1:1000
    Average spreads:<\/strong> EURUSD – 1 pip, GBPUSD
    Commissions:<\/strong> $7 per lot round-turn on the Zero Spread account.
    Platforms:<\/strong> MT4, Web, Mobile   <\/td><\/tr>
    \n  \n <\/td>Why trade forex with HotForex<\/a>. <\/strong>
    – Up to 100% trading bonus on deposits on some accounts
    – Multiple withdrawal and deposit methods
    – Tight spreads on the Zero spread account
    – Regulated in many countries
    – Negative balance protection<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
    \n
    Open an account and get 100% of your deposit with Hotforex<\/strong><\/a><\/div>\n<\/div>\n\n\n\n
    <\/div>\n\n\n\n

    Tickmill Forex Broker Review<\/a><\/h3>\n\n\n\n
    <\/div>\n\n\n\n
    \"Tickmill<\/a>

    Open an Account.<\/a> <\/td>    		Quick info<\/strong>
    Founded<\/strong>: 2015
    Regulator<\/strong>: FSA Seychelles, CySEC Cyprus, FCA United Kingdom
    Account currency:<\/strong> USD, EUR, GBP
    Minimum deposit<\/strong>: $5
    Leverage<\/strong>: Up to 1:500
    Average spread<\/strong>s: EURUSD – 1 pip, GBPUSD
    Commissions<\/strong>: $4 per lot round-turn – only on the Pro account.
    Platforms:<\/strong> MT4, Web, Mobile \u00a0 <\/td><\/tr>
    \n  \n <\/td>Why trade forex with Tickmill<\/a>. <\/strong>
    – Super tight spreads
    – Very low commissions
    – Multiple withdraw and deposit methods
    – Regulated broker   <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
    \n
    Grab the $30 NO deposit bonus from TICKMILL. It’s Free.<\/strong> Trade. Withdraw the profits.<\/strong><\/a><\/div>\n<\/div>\n\n\n\n
    <\/div>\n\n\n\n

    XM Forex Broker Review<\/a><\/h3>\n\n\n\n
    <\/div>\n\n\n\n
    \"XM<\/a>

    Open an account<\/a> <\/td>    		Quick info<\/strong>
    Founded<\/strong>: 2009
    Regulator<\/strong>: CySEC Cyprus, IFSC, FCA United Kingdom, ASIC Australia, DFSA Dubai
    Base currency:<\/strong> USD, EUR, GBP, JPY, CHF,\u200e AUD, HUF, PLN, RUB, SGD, ZAR
    Minimum deposit<\/strong>: $5 on Standard and Micro and  $50 on XM<\/a> Ultra-Low Account
    Leverage<\/strong>: Up to 1:888
    Average spread<\/strong>s: 1 pip (Standard and Micro) 0.6 \u2013 on XM Ultra-Low Account Platforms:<\/strong> MT4, MT5, Web, Mobile     <\/td><\/tr>
    \n  \n <\/td>Why trade forex with XM. <\/strong>
    – Multiple withdraw and deposit methods
    – Supports mobile money funding
    – Negative balance protection
    – Regulated in many countries \u00a0 <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
    \n
    Grab $30 no deposit bonus from XM. It’s Free.<\/strong> Trade. Withdraw the profits.<\/strong><\/a><\/div>\n<\/div>\n\n\n\n
    <\/div>\n\n\n\n

    I have experience trading with these and many other forex brokers since 2010 and am confident they are the best brokers to trade forex with in Botswana.<\/p>\n\n\n\n

    I will now show you which broker is best in what.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    The best forex brokers that accept mobile money. <\/strong><\/h3>\n\n\n\n

    XM<\/a> and ForexTime<\/a> (FXTM<\/a>) are the best forex brokers in Botswana that accept mobile money.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    The best forex brokers in Botswana<\/strong> for beginners<\/strong><\/h3>\n\n\n\n

    All the five brokers above qualify for beginning traders. They all have a low initial deposit except ICMarkets that requires an initial $200.<\/p>\n\n\n\n

    If you are new to forex trading in Botswana go with XM or ForexTime<\/a> (FXTM).<\/p>\n\n\n\n

    Their standard accounts have huge spreads but, you are guaranteed to withdraw your profits.<\/p>\n\n\n\n

    Next is Tickmill<\/a>, then IC Markets<\/a>. <\/p>\n\n\n\n

    If you prefer to trade with Hotforex or XM, I recommend the Hotforex Zero spread account or the XM ultra-low account. <\/p>\n\n\n\n

    Take advantage of the free demo accounts these brokers give to hone your trading skills with virtual money without risking your money on a live account.<\/p><\/blockquote><\/figure>\n\n\nTake advantage of the free demo accounts #brokers give to hone your trading skills with risk free virtual money before risking your money on a live account. #forex #forexbrokers <\/a><\/span>Click To Tweet<\/a><\/span>\n\n\n

    <\/div>\n\n\n\n

    The best brokers in Botswana<\/strong> with low trading costs – Commission.<\/strong><\/h3>\n\n\n\n

    Tickmill<\/a>\nhas the lowest commission of $4 per lot round-turn on its Pro account an\nequivalent to an ECN account. <\/p>\n\n\n\n

    <\/div>\n\n\n\n

    The best forex brokers in Botswana<\/strong> with tight spreads<\/strong><\/h3>\n\n\n\n

    Exness<\/a>, IC Markets<\/a>, and Tickmill<\/a> compete for this spot on their standard accounts. <\/p>\n\n\n\n

    The spreads on Exness standard account, for instance, are almost equivalent to the Zero Spread account on Hotforex<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    Forex brokers in Botswana<\/strong> with the best customer service<\/strong><\/h3>\n\n\n\n

    Exness<\/a>, ForexTime<\/a> (FXTM), IC Markets<\/a>, HotForex<\/a>, Tickmill<\/a>, and XM<\/a>. All five brokers have very responsive customer care service. <\/p>\n\n\n\n

    <\/div>\n\n\n\n

    Forex brokers in Botswana<\/strong> with the best forex research and education.<\/strong><\/h3>\n\n\n\n

    Exness<\/a>, ForexTime<\/a> (FXTM), IC Markets<\/a>, HotForex<\/a>, Tickmill<\/a>, and XM<\/a>. All the five brokers take their traders seriously with very insightful education and trading advice based on research.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    Forex Brokers in Botswana<\/strong> with the best Forex Trading Platforms<\/strong><\/h3>\n\n\n\n

    IC Markets<\/a> has the most trading platforms followed by ForexTime<\/a> (FXTM), HotForex<\/a> and XM<\/a> <\/p>\n\n\n\n

    <\/div>\n\n\n\n

    The best forex broker in Botswana<\/strong> for Day Trading<\/strong><\/h3>\n\n\n\n

    Exness<\/a>, ForexTime<\/a> (FXTM), IC Markets<\/a>, HotForex<\/a>, Tickmill<\/a>, and XM<\/a> forex brokers will all work well for day traders.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    Forex brokers in Botswana<\/strong> with a no deposit bonus<\/strong><\/h3>\n\n\n\n

    Both Tickmill<\/a> and XM<\/a> give first-time clients a $30 no deposit bonus. <\/p>\n\n\n\n

    The beauty of this bonus is you can always withdraw the profits you make. <\/p>\n\n\n\n

    A no deposit bonus is great if you want to test the live trading environment of any of these brokers without risking your money. <\/p>\n\n\nA no deposit bonus is great for testing the live trading environment of a #forexbroker without risking your money. Grab $30 from Tickmill https:\/\/bit.ly\/39CixKC and XM https:\/\/bit.ly\/3bIojM1 #forex <\/a><\/span>Click To Tweet<\/a><\/span>\n\n\n

    <\/div>\n\n\n\n

    Forex brokers in Botswana with the best trading bonus<\/strong><\/h3>\n\n\n\n

    HotForex<\/a>\nhas the craziest bonuses to choose from. If you want to increase your trading\nequity by up to 100% of your deposit, then Hotforex is for you. XM<\/a> also has some great\nbonuses and promotions.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    Documents you need to\nverify a forex trading account.<\/strong><\/h3>\n\n\n\n

    Every trader is required to verify their account to comply with Anti Money Laundering<\/a> regulation. <\/p>\n\n\n\n

    You need these documents to verify your trading account.<\/p>\n\n\n\n

    Proof of Legal Identity:<\/strong> Government-issued ID, Driver’s License, Passport, etc. <\/p>\n\n\n\n

    Proof of Address:<\/strong> Government-issued residential registration, reoccurring statements to the address \u2013 Water bill, Electricity bill, Tax bill, Tax clearance certificate, and Bank statements.<\/p>\n\n\n\n

    Note that your proof of address must include your actual address – plot number, street, house number. <\/p>\n\n\n\n

    It is hard to get documents with an address if you are renting. <\/p>\n\n\n\n

    But, here is a hack, go to your ABSA <\/a>branch or any other bank and request a bank statement, ask them to add the residential address you used when opening the bank account to the bank statement.<\/p>\n\n\n\n

    That is the simplest way to get a document with proof of address in Botswana if you don’t own a house.<\/p>\n\n\n\n

    If that is not simple for you, ForexTime (FXTM)<\/a> \u2013 allows you to use a third party’s address to verify your account.<\/p>\n\n\n\n

    <\/div>\n\n\n\n
    \"Answers<\/a><\/figure>\n\n\n\n
    <\/div>\n\n\n\n

    Frequently asked questions about forex brokers and forex trading.<\/strong><\/h2>\n\n\n\n

    Go here for answers to questions beginners ask about forex trading<\/a>.<\/p>\n\n\n\n

    Is forex trading legal in Botswana?<\/h2>\n\n\n\n

    Yes, forex trading is legal in Botswana.<\/p>\n\n\n\n

    How do I calculate\nforex trading costs?<\/strong><\/h3>\n\n\n\n

    For spreads, your trading costs are the difference between\nthe buying and selling prices. <\/p>\n\n\n\n

    For ECN or Raw trade accounts \u2013 commissions are\ntransparently displayed by the broker. For instance, on Tickmill, the cost is\n$4 per standard lot round-turn \u2013 that is $2 when you enter and $2 when you\nclose the trade.<\/p>\n\n\n\n

    Most brokers provide trading tools – like calculating margin\nrequires – that can help you figure and plan for your trading. <\/p>\n\n\n\n

    Where do I learn how to trade forex in Botswana?<\/strong><\/h3>\n\n\n\n

    All the forex brokers I recommend have great Education programs for both beginners and advanced traders.<\/p>\n\n\n\n

    However, if you are new to trading, I recommend starting with www.babypips.com <\/p>\n\n\n\n

    <\/div>\n\n\n\n
    \"How<\/figure>\n\n\n\n
    <\/div>\n\n\n\n
    \n
    \n

    How do I choose a good forex broker in Botswana?<\/strong><\/h3>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n
    \n

    That\u2019s the big question. <\/p>\n<\/div><\/div>\n\n\n\n

    Here are the criteria<\/a> we used to review and pick the forex brokers on this list out of the hundreds of forex brokers out there.<\/p>\n\n\n\n