In this guide, we go over the best trading platforms in Botswana. We have analysed 174 brokers and evaluated their platforms in 8 major categories. We measured all aspects of their service including trading platforms, fees, mobile trading, deposits & withdrawals, assets, regulation, research & education, customer support and islamic account options.
Trading platforms that reached the highest scoring are considered in the following list:
Top 6 Trading Platforms in Botswana
- AVAtrade – Best trading platform
- eToro – Best for Social and Copy Trading
- 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||eToro||4.7||Best For Copy Traders||$200|
|#3||Saxo Bank||4.6||Best For High Volume Traders||$10.000|
|#4||Capital.com||4.7||Best in research and education||$0|
|#5||Libertex||4.6||Great for beginners||$100|
|#6||ActivTrades||4.4||Broker regulated by the UK FCA||$500|
Below section breaks down the best trading platforms in Botswana beginning with the highest rated…
01. AVATrade: Best trading platform
AVAtrade is a well trusted global online broker for forex and CFD trading. Their multi-asset trading platform and mobile trading app enable traders to access 1365+ tradable symbols overall, including 1200+ CFD’s, major currency pairs with low forex spreads and premium options.
Beside their proprietary platform AVAtradeGo and MetaTrader, AVAtrade has great selection of copy trading solutions including ZuluTrade, DupliTrade and AVAsocial.
Account opening is fast, deposits and withdrawals are free of charge. The minimum deposit is $100.
Choose AVAtrade if you are a beginner or semi advanced forex trader, looking to trade major forex currency pairs, options or CFDs as stocks, cryptos, indices or commodities with premium services.
02. eToro: Best Broker For Social Trading
eToro is a reputable global brand and industry leading broker for copy trading. Their robust and cutting edge copy trading platform and social trading features allow users to copy trades and portfolios from professional traders and investors.
As a CFD multi asset broker, eToro allows users to trade on over 3075 different symbols including stocks, forex, cryptos, indices and commodities. Trading spreads are wide, deposits are free and account minimum is low. There are conversion and inactivity fees. eToro provides a comprehensive list of technical tools, charts, and newsfeeds. Their customer support is available through email and live chat in Arabic and English.
eToro is a well established market maker broker with a clean history record, regulated by top tier regulators.
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
03. Saxo Bank: Best For High Volume Traders and Investors
Saxo Bank is a reputable global brand known for its complete overall offer and exclusive conditions for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.
If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of investment options.
Investors who are looking to trade in accordance with Sharia Law can open an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guaranteed satisfying answers.
04. Capital.com: Best For Research and Education (Discount Broker)
Capital.com is a top choice for traders looking for a discount broker with great educational content and resources, advanced research tools and a premium trading interface. They offer a wide range of tradable assets including CFDs on cryptos, stocks, indices, commodities and forex pairs.
Founded in 2016, Capital.com is an international fintech company which has group of entities authorised and regulated by the Financial Conduct Authority (“FCA”), the Australian Securities and Investments Commission (“ASIC”), the Cyprus Securities and Exchange Commission (“CySEC”), and the Financial Services Authority of Seychelles (“FSA”). It does not operate a bank and is not publicly traded.
Choose Capital.com if you are looking for a great mobile trading experience, professional web trading interface, day trading features. Beginner traders will like the low minimum deposit ($20), industry leading commission structure, and award winning education section.
05. Libertex: Great for beginners
Libertex is a CySecregulated online broker, great for investors who are looking to trade CFDs on a wide variety of asset classes. Their market coverage combines 53 forex currency pairs, 45 cryptocurrencies, 10 commodities and a small range of US stocks and ETFs. The Libertex trading platforms are easy to use and cover all of the instruments beginners and average traders need for a solid trading experience.
Spreads are tight and there are no hidden fees. Minimum deposit is $100. The responsive customer supports makes Libertex a great option for beginners traders. Professionals will miss a pro account option with additional trading features.
06. ActivTrades: Broker regulated by the UK’s FCA
ActivTrades is a reputable forex and CFD broker regulated by the UK’s Financial Conduct Authority (FCA). Their proprietary trading platform called ActivTrader is intuitive, fully customizable and offers a clear report on trading fees. Account opening is fast and easy, deposits and withdrawals are free of charge. Trading fees are below industry average.
ActiveTrades charges an inactivity fee. Tradable assets are limited to basic classes and instruments which will not be enough for professional traders. Research and educational materials are slim.
How To Pick The Right Platform?
The main criteria to consider when choosing a trading platform in Botswana include: fees, trading platform, mobile trading, deposits & withdrawals, assets, customer support, liquidity and security.
Fees: Choose a broker with a transparent fee structure and avoid brokerage accounts with high fees on trades, overnight fees and hidden fees. Commission and spread fees are common with Botswana brokerage accounts. Spreads should vary between 0.03% to 0.5% depending on your trading volume.
Trading platforms: They should be user friendly, grant access to trading tools and indicators and suitable to traders at all levels. We recommend you opt for a platform with a technical charting interface and built-in market data. A comprehensive market news feed and access to advanced features are a must.
Mobile Trading: Mobile trading apps should offer the same trading tools and charts as their web versions. Choose mobile platforms with full-screen charting options and social feeds.
Deposit & Withdrawal: Deposit and withdrawal needs to be fast and simple. Choose an broker that offers your preferred payment method and industry leading commission and fee structures.
Assets: Look for coverage of preferred assets. Botswana traders are allowed to access all tradable asset classes including forex, stocks, indexes, options, FOPs, commodities, futures, indices, bonds, swaps, mutual funds, hedge funds, spot gold, ETFs and cryptos.
Regulation: Brokers with top-tier licenses follow strict rules enforced by a trustworthy regulators and offer high security standards. We recommend users to choose platforms with FCA, CySEC, and ASIC licenses and tier one regulations.
Research & education: Beginner and average traders and investors should choose a broker with research and education tools including: weekly webinars, daily news updates, personal account manager, personal training and room access.
Customer support: Beginner traders should look out for responsive and professional customer support 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 to the Sharia law.
Online Trading In Botswana
Online trading in Botswana is available through the Botswana Stock Exchange (BSE). Founded in 1994 it is based in Gaborone. It lists 36 domestic companies. If you live in Botswana and want to trade international bonds, commodities, stocks, forex, or cryptocurrencies, you will have to do this with via a offshore online broker. This is legal, but the government of Botswana does not protect funds invested overseas. If you live in Botswana and want to trade online, we recommend trading only with the trusted brokers mentioned in this guide.
Online Trading Regulation
The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) regulates the non-banking finance industry of Botswana including online trading. All brokers that want to offer online trading services to Botswana residents must be authorized by them. Foreign brokers and exchanges does not to be authorised by the NBFIRA. Trading cryptocurrencies is legal in Botswana.
You can verify the validity of a brokers license by going to the official website of the NBFIRA and checking the documents library for the name of your broker. If the broker is based outside of Botswana, you can check the official websites of CySEC, FCA, BaFIN, ASIC, or FINRA and check their database of ‘Registered Entities’ for the name of the company you want to trade with. If nothing shows up, you might be dealing with an unregulated broker or trading platform and we recommend trading with one of the best trading platforms in Botswana mentioned in this guide instead.
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 a responsive customer support.
eToro is the second best trading platform for Botswana residents, because of their low fees, advanced trading tools, copy trading features, and a 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 Trading Platforms In Botswana?
Yes, there are trading platforms available in Botswana that offer 0% commission trading like eToro.
How Much Should I Invest When Trading Online in Botswana?
You should always invest at least the minimum deposit amount Botswana and international brokers require you to open an account. In most cases, this is about $50.
Is Crypto Trading Available In Botswana?
Yes, crypto trading is available to Botswana citizens. The leading trading platforms offer Bitcoin trading via CFDs.
How To Check If A Trading Platform Has a Valid License?
You can check if a broker or trading platform has a valid license by checking the ‘Registered and Reporting Entities’ databases on the official websites of regulatory bodies like the CySEC, FINRA, ASIC, BaFin, or FCA. For Botswana-based brokers, you can check the official website of the NBFIRA’s documents library instead.
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.
If you liked this article then also read:
- Saudi Arabia
- 1 Top 6 Trading Platforms in Botswana
- 2 Best Online Trading Platforms Botswana
- 2.1 01. AVATrade: Best trading platform
- 2.2 02. eToro: Best Broker For Social Trading
- 2.3 03. Saxo Bank: Best For High Volume Traders and Investors
- 2.4 04. Capital.com: Best For Research and Education (Discount Broker)
- 2.5 05. Libertex: Great for beginners
- 2.6 06. ActivTrades: Broker regulated by the UK’s FCA
- 2.7 How To Pick The Right Platform?
- 2.8 Online Trading In Botswana
- 2.9 Online Trading Regulation
- 2.10 License Verification
- 3 Conclusion