This article offers valuable information about the best trading platforms in Botswana. We have tried and tested 174 online brokers. We evaluated their services in 8 leading categories. We focused on all characteristics of their portfolio, including platforms, costs, apps, funding solutions, portfolios, regulation, customer service, and research & education.
The platforms with the highest scores are below.
Top 5 Trading Platforms in Botswana
- AVAtrade – Best trading platform
- Saxo Bank – Best for Advanced Traders
- Capital.com – Best in research and education
- Libertex – Great for beginners
- ActivTrades – Broker regulated by the UK FCA
Best Online Trading Platforms Botswana
|PLATFORM||SCORE||GENERAL INFO||MINIMUM DEPOSIT|
|#1||AVAtrade||4.8||Best trading platform||$100|
|#2||Saxo Bank||4.6||Best For High Volume Traders||$10.000|
|#3||Capital.com||4.7||Best in research and education||$0|
|#4||Libertex||4.6||Great for beginners||$100|
|#5||ActivTrades||4.4||Broker regulated by the UK FCA||$500|
The section below breaks down the best trading platforms in Botswana beginning with the highest-rated.
01. AvaTrade: Best Trading Platform Overall
AvaTrade is a secure brokerage firm with access to competitive forex and CFD services. It has a versatile trading platform and a multi-asset trading app. AvaTrade has a comprehensive portfolio with access to 1365 symbols, including leading currency pairs.
This broker has a proprietary platform, AvaTradeGo, and access to the MetaTrader suite. It offers many copy trading solutions, including AvaSocial, DupliTrade, and ZuluTrade. AvaTrade has a minimum deposit requirement of $100 and free deposits and withdrawals. It is a top choice for beginner traders searching for helpful learning tools.
02. Saxo Bank: Best Trading Platform For Advanced Traders
Saxo Bank is a top professional broker with excellent services for advanced and high-volume traders. It offers access to premium services and platforms that suit the needs of professional traders. Saxo Bank has an excellent trading platform with many trading tools and competitive margin rates. It offers 40,000 instruments and a transparent fee structure.
This broker has a high minimum deposit of $10,000. It offers a reliable learning center with in-house research data and access to financial news. Saxo Bank has premium customer service available in English and Arabic.
03. Capital.com: Best Discount Trading Platform
Capital.com is a top discount broker with a straightforward fee structure and competitive trading costs. It has many educational resources, trading tools, and market data. Capital.com is a trustworthy brokerage firm with licenses from the ASIC, FCA, FSA, and CySEC.
This broker has a reliable mobile app with a professional interface and attractive discounts. It offers an advanced trading platform with helpful day trading features. Capital.com has a low minimum deposit and a competitive commission structure.
04. Libertex: Best Platform For New Traders
Libertex is a reliable brokerage firm with a CySEC license. It uses industry-leading safety protocols for its platforms and services. Libertex lets traders trade CFDs in a variety of classes. It has an attractive market coverage with access to 53 forex currency pairs, 10 commodities, and 45 cryptocurrencies. Libertex has tight spreads and a competitive fee structure.
The Libertex platforms are straightforward and come with an intuitive design. It provides access to instruments for beginner and average traders. Libertex has reliable customer support with fast response times.
05. ActivTrades: Best Proprietary Platform With A FCA License
ActivTrades is a reputable forex and CFD broker with an FCA license. It offers an excellent proprietary platform with many trading features and tools. The platform has a simple design, is fully customizable, and is intuitive. ActivTrades has a clear report on trading fees and doesn’t charge hidden costs.
The account opening with this broker is simple. ActivTrades has a limited portfolio. It offers access to standard instruments and asset classes. We recommend it for inexperienced traders.
How To Choose The Right Platform?
To choose the right platform, you should focus on fees, platforms, apps, deposits & withdrawals, customer service, liquidity, assets, and safety protocols.
Fees: Select a provider with a simple fee structure and avoid brokers with high trading costs and overnight fees. Spread fees and commissions are standard with Botswana brokerage accounts.
Trading Platforms: Platforms need to have an intuitive design and offer access to valuable tools and indicators. We recommend you choose a platform with a user-friendly interface and built-in market data.
Mobile Trading: Mobile apps need to offer the same trading experience as their web versions. Select an app with market news, social feeds, and full-screen charting options.
Deposit & Withdrawal: Deposit and withdrawal need to be user-friendly. We recommend you consider a brokerage firm with access to your preferred funding methods.
Assets: Search for access to preferred assets. Traders in Botswana receive platforms with popular asset classes, including options, commodities, stocks, forex, cryptos, and ETFs.
Regulation: Online brokerage firms with top-tier licenses follow strict rules under a secure regulatory body. These providers follow high-security standards and use industry-leading safety protocols. You should look for platforms with world-class regulations and licenses from the CySEC, FCA, and ASIC.
Research & Education: All traders should consider a brokerage firm with access to valuable research and education tools. Look for FAQs, weekly webinars, trading tutorials, and daily news updates.
Customer Support: Intermediate and beginner traders need access to responsive customer service available in their language.
*Islamic Accounts: All platforms from our list offer Islamic account options. This gives users the chance to trade online in compliance with Sharia law.
Regulation Of Trading Platforms In Botswana
The regulation of trading platforms in Botswana is under the supervision of the Non-Bank Financial Institutions Regulatory Authority (NBFIRA). NBFIRA regulates all non-banking activities, including online trading. All providers that offer trading and financial services to traders in Botswana need to have a valid license from the NBFIRA.
You can perform license verification of a broker in Botswana by accessing the NBFIRA website. Access the documents section, and search for the name of the broker. If the brokerage firm has its headquarters outside Botswana, you have to check the websites of CySEC, FINRA, BaFIN, ASIC, and FCA. Look out in their database of Registered Entities. If the search doesn’t offer any results, you might be looking at an unregulated provider.
Based on our review, we consider AVAtrade as the best trading platform for Botswana residents. They offer a low minimum deposit, competitive fees, advanced charting tools, social trading features, and responsive customer support.
Saxo Bank, Capital.com, Libertex, and ActiveTrades are finishing up our list of top platforms with a great overall offer and above-average ratings.
Are There Commission-Free Platforms In Botswana?
Yes, there are platforms in Botswana that offer competitive services with 0% commission platforms.
How Much Should I Invest When Trading For The First Time In Botswana?
You should start with the minimum deposit requirement of the platform you choose.
Do Traders In Botswana Receive Access to Crypto Trading Platforms?
Yes, crypto trading services are available to citizens in Botswana. Top platforms offer crypto trading via CFDs.
Can You Verify If A Platform Has A Valid License?
You can verify if a platform has a valid license by accessing the ‘Registered and Reporting Entities’ database on the main websites of regulators like the FCA, FINRA, or ASIC. Brokers with headquarters in Botswana automatically register for the NBFIRA’s documents library.
Are There Any Safety Risks For Traders In Botswana?
Trading online assets comes with risks. Online trading is legal in Botswana. We recommend you use secure platforms with top-tier licenses. The platforms in this guide use industry-leading safety measures and follow strict rules.
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education, and research are all part of our six-month evaluation of a broker’s trading platform. The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
- 1 Top 5 Trading Platforms in Botswana
- 2 Best Online Trading Platforms Botswana
- 2.1 01. AvaTrade: Best Trading Platform Overall
- 2.2 02. Saxo Bank: Best Trading Platform For Advanced Traders
- 2.3 03. Capital.com: Best Discount Trading Platform
- 2.4 04. Libertex: Best Platform For New Traders
- 2.5 05. ActivTrades: Best Proprietary Platform With A FCA License
- 2.6 How To Choose The Right Platform?
- 2.7 Regulation Of Trading Platforms In Botswana
- 2.8 License Verification
- 3 Conclusion
- 3.1 FAQ
- 3.2 Are There Commission-Free Platforms In Botswana?
- 3.3 How Much Should I Invest When Trading For The First Time In Botswana?
- 3.4 Do Traders In Botswana Receive Access to Crypto Trading Platforms?
- 3.5 Can You Verify If A Platform Has A Valid License?
- 3.6 Are There Any Safety Risks For Traders In Botswana?