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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 | $2.000 |
| #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.
1. AvaTrade: Best Trading Platform Overall
Min Deposit: $100
Fees: 4.9
Assets available: 4.9
Total Fees: 0.9 pip
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.
Pros
- Great Research and Educational tools
- Great Customer support
- Good choice of social trading options
Cons
- Comparing others relatively few trading instruments are offered; offers Forex, CFDs and Binary Options
Key features
- Access to 1250 CFDs and 44 forex options
- Excellent copy trading features
- Advanced mobile trading app (AvaOptions)
- Industry average pricing
- Perfect for casual and advanced traders
- Access to the full meta trader suite
2. Saxo Bank: Best Trading Platform For Advanced Traders
Min Deposit: $2000
Fees: 4.7
Assets available: 4.9
Total Fees:
69% of retail investor accounts lose money when trading CFDs with this provider.
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 $2,000. 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
Pros
- Industry leading market coverage
- Excellent Trading Features with SaxoTraderGo
- Advanced order type and account protection features
- Intuitive and easy to use mobile trading app
- Great education and research materials
- Competitive fee structure for active traders
Cons
- $10,000 minimum deposit for UAE users
- High time investment to set up
- Only for advanced traders
Key features
- 40.000 tradable symbols available (crypto derivatives, forex options and futures)
- Advanced account protection and order types
- Fast execution of trades
- $2.000 minimum deposit
- “Best in class” educational resources
- Great ease of use level combined with advanced features
3. Capital.com: Best Discount Trading Platform
Min Deposit: $20
Fees: 4.8
Assets available: 4.7
Total Fees:
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.
Pros
- Newsroom grade educational videos and analysis
- Award winning education and research section
- New age mobile trading app
- Real time market updates and price alerts
- Hedging and risk management tools
Cons
- MT4 and MT5 not available
- Market access is industry average
Key features
- Access to 6.000 tradable symbols and 477 cryptocurrency CFDs
- High quality research and educational content
- Patented AI trade bias system
- $20 minimum deposit
- No inactivity fees
4. 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.
Pros
- Commission-free stock, forex, metals, and crypto trading
- Excellent multi-lingual customer support
- Compatible with MetaTrader 4 and 5
Cons
- No technical analysis tools offered
- Charges inactivity fees
- No Islamic swap-free accounts available
Key features
- Access to thousands of stocks and CFDs on stocks, forex, crypto, indices, metals, ETFs, and commodities
- Receive dividends into your account monthly
- Extensive education section with trading courses, webinars, and more
- Daily market update and analysis videos
- Unlimited free paper trading demo account
- State-of-the-art mobile trading app available on Android and iOS devices
5. ActivTrades: Best Proprietary Platform With A FCA License
Min Deposit: $500
Fees: 3.5
Assets available: 2.8
Total Fees:
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.
Pros
- Negative balance protection and increased insurance
- Excellent multi-lingual support in 14 languages
- Low fees from 0.5 pips on EUR/USD
Cons
- Charges inactivity fee
- Only offers CFD, forex, and crypto trading
Key features
- Compatible with MetaTrader 4 and 5
- Great research tools like SmartOrder 2 and Pivot Points Indicator
- Daily Market Analysis videos
- Free unlimited demo paper trading account
- One to One training available
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.
License Verification
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.
Conclusion
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.
FAQ
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.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.