Best forex brokers in Botswana

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Botswana is considered Africa’s oldest continuous democracy and the country also has the best perceived corruption ranking on the Black Continent.

Before Botswana gained independence from Britain in 1966 the country was part of the Rand Monetary Area (RMA). In 1974 Botswana withdrew from the RMA and shortly after the pula was launched as a national currency.

The Bank of Botswana (BoB) was established in 1977 and since then is responsible for the monetary policy, the price stability and the banking sector as a whole.

In the same time the financial markets in the country are supervised by the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) of Botswana, which regulates all pension and investment funds, the insurance industry and the capital markets in general, but without dealing with forex and CFD brokers specifically.

That is why if you are in Botswana and want to trade forex, better search for a broker, regulated by a reputable financial institution, such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC).

In Botswana you can certainly pay with major credit cards like VISA and MasterCard, as well as some well known international e-wallets including PayPal and Klarna.