Scam Forex Brokers in Namibia
easyMarkets Review
Overall, easyMarkets is considered low-risk, with an overall Trust Score of 82 out of 100. easyMarkets is licensed by one Tier-1 Regulator (high trust), one Tier-2 Regulator (average trust), and two Tier-3 Regulators (low trust). EasyMarkets is currently not regulated by the bank of Namibia
- Louis Schoeman
Updated : March 27, 2024
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Trading Platforms
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.7/5
Min Deposit
25 USD / 470 NAD
Regulators
BVI FSC, CySEC, ASIC, FSA
Trading Desk
easyMarkets App, Web Platform, TradingView, MT4, MT5
Crypto
Total Pairs
62
Islamic Account
Trading Fees
Account Activation
easyMarkets At a Glance
| 🏛 Headquartered | The British Virgin Islands |
| 🏙 Local office in Windhoek? | No |
| ✅ Accepts Namibian Traders? | Yes |
| 🗓 Year Founded | 2001 |
| 📞 Namibian Office Contact Number | None |
| 🤳 Social Media Platforms | • Instagram • YouTube |
| ⚖️ Regulation | BVI FSC, CySEC, ASIC, FSA |
| 🪪 License Number | • British Virgin Islands – SIBA/L/20/1135 • Cyprus – 079/07 • Australia – AFSL 246566 • Seychelles – SD056 |
| ⚖️ BoN Regulation | No |
| 🚫 Regional Restrictions | United States of America, Israel, British Columbia, Manitoba, Quebec, Ontario and Afghanistan, Anguilla, Burundi, Cambodia, Cayman Islands, Chad, Congo, Cuba, the Democratic Republic of the Congo, Dominica, Equatorial Guinea, Fiji, Guinea-Bissau, Haiti, Honduras, Iran, Iraq, Laos, Libya, Mozambique, Myanmar, Nicaragua, North Korea, Palau, Panama, Russian Federation, Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, Turkmenistan, Vanuatu, Venezuela, Yemen |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 3 |
| 📊 PAMM Accounts | None |
| 🤝 Liquidity Providers | None, Market Maker broker |
| 💸 Affiliate Program | Yes |
| 📲 Order Execution | Market |
| 📊 Average spread | Fixed, 0.03 USD WTI (OIL) |
| 📞 Margin Call | 70% |
| 🛑 Stop-Out | 30% |
| ✅ Crypto trading offered? | Yes |
| 💰 Offers a NAD Account? | No |
| 👨💻 Dedicated Namibian Account Manager? | Yes, a Personal Account Manager is offered |
| 📊 Maximum Leverage | 1:400 |
| 🚫 Leverage Restrictions for Namibia? | No |
| 💰 Minimum Deposit (NAD) | 390 NAD or equivalent to $25 |
| ✅ Namibian Dollar Deposits Allowed? | Yes |
| 📊 Active Namibian Trader Stats | 150,000+ |
| 👥 Active Namibian-based easyMarkets customers | Unknown |
| 💳 Namibia Daily Forex Turnover | Unknown, overall Forex Daily Trading Volume is over $6.6 Trillion |
| 💵 Deposit and Withdrawal Options | • Debit Card • Credit Card • AstroPay • Sofort • Giropay • iDEAL • Local Bank Transfer • Bpay • Neteller • Skrill • Fasapay • Sticpay • Egyptian Local Deposits • WebMoney • BitWallet • Perfect Money • Bank Wire Transfer • UnionPay • WeChat Pay |
| ⏰ Minimum Withdrawal Time | Instant |
| 💵 Instant Deposits and Instant Withdrawals? | Yes |
| 🏦 Segregated Accounts with Namibian Banks? | No |
| 🕐 Maximum Estimated Withdrawal Time | Up to 5 Working Days |
| 📊 Trading Platforms | • easyMarkets Platform • MetaTrader 4 TradingView |
| ✔️ Tradable Assets | • Forex • Shares • Cryptocurrencies • Precious Metals • Commodities • Indices |
| 💸 Offers USD/NAD currency pair? | No |
| 📈 USD/NAD Average Spread | N/A |
| 📉 Offers Namibian Stocks and CFDs | None |
| 🗣 Languages supported on Website | Chinese, Arabic, Polish, Spanish, Italian, German, Japanese, and several others |
| 📞 Customer Support Languages | English, French, Spanish, Italian, Arabic, German, Bulgarian |
| ⏰ Customer Service Hours | 24/5 |
| 👥 Customer Support Languages | Multilingual |
| ✅ Bonuses and Promotions for Namibians | None |
| 📚 Education for Namibian beginners | Yes |
| 📱 Proprietary trading software | Yes |
| 💰 Most Successful Namibian Trader | Michael Amushelelo (Net Worth Unknown) |
| ✅ Is easyMarkets a safe broker for Namibians? | Yes |
| 📊 Rating for easyMarkets Namibia | 9/10 |
| 🤝 Trust score for easyMarkets Namibia | 82% |
| 👉 Open an account | 👉 Open Account |
easyMarkets Review – 24 key points quick overview:
easyMarkets Overview- easyMarkets Regulation and Safety of Funds
- easyMarkets Awards and Recognition
- easyMarkets Account Types and Features
- How to open an Account with easyMarkets
- easyMarkets Vs SuperForex Vs XM – Broker Comparison
- easyMarkets Trading Platforms
- easyMarkets Range of Markets
- Broker Comparison for Range of Markets
- easyMarkets Trading and Non-Trading Fees
- Deposits and Withdrawals
- How to Deposit Funds with easyMarkets
- easyMarkets Fund Withdrawal Process
- easyMarkets Education and Research
- easyMarkets Bonuses and Promotions
- How to open an Affiliate Account with easyMarkets
- easyMarkets Affiliate Program Features
- easyMarkets Customer Support
- easyMarkets Corporate Social Responsibility
- Verdict on easyMarkets
- easyMarkets Current Popularity Trends
- easyMarkets Pros and Cons
- Frequently Asked Questions
- Conclusion
easyMarkets Overview
👉 easyMarkets offers three main retail investor accounts namely a Standard Account (MT4 or Web/App), Premium Account (MT4 or Web/App), and a VIP Account (MT4 or Web/App).
👉 easyMarkets accepts Namibian clients and has an average spread from 0.03 USD on WTI (Fixed) with zero commission charges. easyMarkets has a maximum leverage ratio up to 1:400 and there is a demo and Islamic account available. MT4, MT5, easyMarkets, and TradingView platforms are supported. easyMarkets is headquartered in the British Virgin Islands and is regulated by BVI FSC, CySEC, ASIC, and FSA.
👉 Since 2001, easyMarkets has provided traders all around the globe with innovative features, versatile trading platforms, and access to more than 200 international marketplaces. They are an award-winning and well-established broker that is subject to stringent regulation from several different regulatory bodies.
👉 This easyMarkets review for Namibia will provide local retail traders with the details that they need to consider whether easyMarkets is suited to their unique trading objectives and needs.
easyMarkets Distribution of Traders
👉 easyMarkets currently has the largest market share in these countries:
➡️️ Poland – 30.5%
➡️️ Israel – 19.8%
➡️️ China – 6.7%
➡️️ United Arab Emirates – 6.6%
➡️️ India – 4%
Popularity among traders who choose easyMarkets
🥇 easyMarkets may not have the largest market share in Namibia, but the broker is in the top 50 in the country.
easyMarkets Regulation and Safety of Funds
easyMarkets Regulation in Namibia
easyMarkets is well-regulated internationally but does not hold regulation or authorization with the Bank of Namibia.
easyMarkets Global Regulations
easyMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investment Commission (ASIC) throughout Europe and Asia. easyMarkets’ registration and licensing by these agencies place the broker among the pioneering companies.
Global customers are now covered by the easyMarkets by adding an FSA Seychelles and British Virgin Islands Financial Services Commission license.
The European Securities and Markets Authority (ESMA) laws are likewise in complete compliance with the company. When it comes to protecting investors and encouraging orderly financial markets, ESMA is an independent EU authority that plays a key role in helping to keep the EU’s financial system stable.
easyMarkets Client Fund Security and Safety Features
easyMarkets keeps Namibian clients’ money in segregated worldwide bank accounts that cannot be utilized for anything other than their intended use.
These funds are only available to clients and can be accessed at any time. Negative balance protection is included on all trading accounts, ensuring that clients will never lose more than their original deposit.
All easyMarkets accounts are frequently audited by an external party and the broker has risk management systems in place to identify, analyse, monitor, and control each form of risk involved with their operations in addition to independent audits.
easyMarkets is committed to maintaining its status as an open, trustworthy, and legally regulated online broker. All customer deposits, currency fluctuations, and other expenditures are always covered by the company’s liquid capital.
Having these rules and policies in place gives customers peace of mind knowing that their money and personal information are safe and secure.
easyMarkets Awards and Recognition
Since its establishment in 2001, easyMarkets has received the following awards and recognition, with the most recent being:
➡️ The Best Forex Trading Innovation, an award issued by FxScouts.com in 2021.
➡️ The award for the “Best Forex Trading App”, awarded in 2021 at the Smart Vision Investment Expo.
➡️ In 2020, easyMarkets received the “Best Forex Trading Innovation” Award from FxScouts.com.
Overall Rating
- 4.7/5
Min Deposit
25 USD / 470 NAD
Regulators
BVI FSC, CySEC, ASIC, FSA
Trading Desk
easyMarkets App, Web Platform, TradingView, MT4, MT5
Crypto
Total Pairs
62
Islamic Account
Trading Fees
Account Activation
easyMarkets Account Types and Features
Market Maker broker easyMarkets provides three trading accounts to Namibians, each offering transparent fee schedules. Each of the three dynamic account types is tailored to a certain trading style and level of experience, and Namibians may sign up for any of them.
According to the trading platform that Namibians may establish an account via, each primary account is subdivided into two separate subcategories. There are other subcategories, each with distinct trading features and conditions, which we will cover in detail.
The live account types that are offered are:
➡️ Standard Account Web/App
➡️ Standard Account MT4
➡️ Premium Account Web/App
➡️ Premium Account MT4
➡️ VIP Account Web/App
➡️ VIP Account MT4
easyMarkets Live Trading Accounts
Standard Account Web/App
With the Standard Account, many Namibian traders will discover that their trading objectives and needs are met. Namibian traders can expect the following unique trading conditions and features:
| Account Feature | Value |
| 💻 Platform Offered | easyMarkets Web/Mobile App |
| 💰 Minimum Transaction Size (USD) | 70 USD |
| 💸 Maximum Transaction Size (lots) | 50 lots |
| 📊 Average Fixed Spreads (from) | • EUR/USD – 1.8 pips • GBP/USD – 2.4 pips • USD/JPY – 2.4 pips • WTI (OIL) – 0.06 USD • XAU/USD – 0.50 USD |
| 💵 Minimum Deposit | 390 NAD or an equivalent to $25 |
| 📈 Maximum Leverage | 1:200 |
| 💸 Commission Fees | None |
| 💵 Account Fees | None |
| 💳 Deposit and Withdrawal Fees | None |
| 📞 Customer Telephonic Support | Yes |
| 👥 Personal Account Manager | Yes |
| 📱 24/5 Customer Support Through Live Chat | Yes |
| 0️⃣ Guaranteed Zero Slippage | Yes |
| 🛑 Guaranteed Stop-Loss | Yes |
| ✅ Negative Balance Protection | Yes |
| 📧 Daily Email on Fundamental Analysis | Yes |
| 📧 Daily Email on Technical Analysis | Yes |
| 🚨 Trading Central Indicator | No |
| 💸 Account Base Currency Options | EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC |
Standard Account MT4
A Standard Account on MetaTrader 4 offers Namibian traders the following features and trading conditions, which are accessible to them after they have verified their account.
| Account Feature | Value |
| 💻 Platform Offered | MetaTrader 4 |
| 💰 Minimum Transaction Size (USD) | 0.01 |
| 💸 Maximum Transaction Size (lots) | 50 lots |
| 📊 Average Fixed Spreads (from) | • EUR/USD – 1.7 pips • GBP/USD – 2.3 pips • USD/JPY – 2 pips • WTI (OIL) – 0.05 USD • XAU/USD – 0.45 USD |
| 💵 Minimum Deposit | USD 25 / 487 NAD |
| 📈 Maximum Leverage | 1:400 |
| 💸 Commission Fees | None |
| 💵 Account Fees | None |
| 💳 Deposit and Withdrawal Fees | None |
| 📞 Customer Telephonic Support | Yes |
| 👥 Personal Account Manager | Yes |
| 📱 24/5 Customer Support Through Live Chat | Yes |
| 0️⃣ Guaranteed Zero Slippage | No |
| 🛑 Guaranteed Stop-Loss | Yes |
| ✅ Negative Balance Protection | Yes |
| 📧 Daily Email on Fundamental Analysis | Yes |
| 📧 Daily Email on Technical Analysis | Yes |
| 🚨 Trading Central Indicator | No |
| 💸 Account Base Currency Options | EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC |
| 👉 Open Account | 👉 Open Account |
Premium Account Web/App
More experienced traders who desire tighter spreads and more features will find the Premium Account to be the most suitable option.
| Account Feature | Value |
| 💻 Platform Offered | easyMarkets Web/Mobile App |
| 💰 Minimum Transaction Size (USD) | 70 USD |
| 💸 Maximum Transaction Size (lots) | 50 lots |
| 📊 Average Fixed Spreads (from) | • EUR/USD – 1.5 pips • GBP/USD – 1.9 pips • USD/JPY – 2.2 pips • WTI (OIL) – 0.05 USD • XAU/USD – 0.45 USD |
| 💵 Minimum Deposit | 31,000 NAD or an equivalent to $2,000 |
| 📈 Maximum Leverage | 1:200 |
| 💸 Commission Fees | None |
| 💵 Account Fees | None |
| 💳 Deposit and Withdrawal Fees | None |
| 📞 Customer Telephonic Support | Yes |
| 👥 Personal Account Manager | Yes |
| 📱 24/5 Customer Support Through Live Chat | Yes |
| 0️⃣ Guaranteed Zero Slippage | Yes |
| 🛑 Guaranteed Stop-Loss | Yes |
| ✅ Negative Balance Protection | Yes |
| 📧 Daily Email on Fundamental Analysis | Yes |
| 📧 Daily Email on Technical Analysis | Yes |
| 🚨 Trading Central Indicator | No |
| 💸 Account Base Currency Options | EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC |
Premium Account MT4
The Premium MT4 Account is accessible via the MetaTrader 4 trading platform, which, in addition to the benefits listed above, offers additional leverage as well.
| Account Feature | Value |
| 💻 Platform Offered | MetaTrader 4 |
| 💰 Minimum Transaction Size (USD) | 0.01 |
| 💸 Maximum Transaction Size (lots) | 50 lots |
| 📊 Average Fixed Spreads (from) | • EUR/USD – 1.2 pips • GBP/USD – 1.8 pips • USD/JPY – 1.8 pips • WTI (OIL) – 0.04 USD • XAU/USD – 0.40 USD |
| 💵 Minimum Deposit | 31,000 NAD or an equivalent to $2,000 |
| 📈 Maximum Leverage | 1:400 |
| 💸 Commission Fees | None |
| 💵 Account Fees | None |
| 💳 Deposit and Withdrawal Fees | None |
| 📞 Customer Telephonic Support | Yes |
| 👥 Personal Account Manager | Yes |
| 📱 24/5 Customer Support Through Live Chat | Yes |
| 0️⃣ Guaranteed Zero Slippage | No |
| 🛑 Guaranteed Stop-Loss | No |
| ✅ Negative Balance Protection | Yes |
| 📧 Daily Email on Fundamental Analysis | Yes |
| 📧 Daily Email on Technical Analysis | Yes |
| 🚨 Trading Central Indicator | Yes |
| 💸 Account Base Currency Options | EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC |
VIP Account Web/App
The VIP Account is designed for experienced traders who are looking for the most beneficial trading conditions as well as a variety of additional benefits.
| Account Feature | Value |
| 💻 Platform Offered | easyMarkets Web/Mobile App |
| 💰 Minimum Transaction Size (USD) | 70 USD |
| 💸 Maximum Transaction Size (lots) | 50 lots |
| 📊 Average Fixed Spreads (from) | • EUR/USD – 0.8 pips • GBP/USD – 1.4 pips • USD/JPY – 1.5 pips • WTI (OIL) – 0.04 USD • XAU/USD – 0.40 USD |
| 💵 Minimum Deposit | 150,000 NAD or an equivalent to $10,000 |
| 📈 Maximum Leverage | 1:200 |
| 💸 Commission Fees | None |
| 💵 Account Fees | None |
| 💳 Deposit and Withdrawal Fees | None |
| 📞 Customer Telephonic Support | Yes |
| 👥 Personal Account Manager | Yes |
| 📱 24/5 Customer Support Through Live Chat | Yes |
| 0️⃣ Guaranteed Zero Slippage | Yes |
| 🛑 Guaranteed Stop-Loss | Yes |
| ✅ Negative Balance Protection | Yes |
| 📧 Daily Email on Fundamental Analysis | Yes |
| 📧 Daily Email on Technical Analysis | Yes |
| 🚨 Trading Central Indicator | No |
| 💸 Account Base Currency Options | EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC |
VIP Account MT4
Namibian traders who wish to take advantage of the features of MetaTrader 4 in addition to the benefits provided by easyMarkets should consider opening a VIP Account. This is especially true for professional traders who are adept at adequate risk management and who require some of the best trading features and conditions available.
| Account Feature | Value |
| 💻 Platform Offered | MetaTrader 4 |
| 💰 Minimum Transaction Size (USD) | 0.01 |
| 💸 Maximum Transaction Size (lots) | 50 lots |
| 📊 Average Fixed Spreads (from) | • EUR/USD – 0.7 pips • GBP/USD – 1.3 pips • USD/JPY – 1 pip • WTI (OIL) – 0.03 USD • XAU/USD – 0.35 USD |
| 💵 Minimum Deposit | 150,000 NAD or an equivalent to $10,000 |
| 📈 Maximum Leverage | 1:400 |
| 💸 Commission Fees | None |
| 💵 Account Fees | None |
| 💳 Deposit and Withdrawal Fees | None |
| 📞 Customer Telephonic Support | Yes |
| 👥 Personal Account Manager | Yes |
| 📱 24/5 Customer Support Through Live Chat | Yes |
| 0️⃣ Guaranteed Zero Slippage | Yes |
| 🛑 Guaranteed Stop-Loss | Yes |
| ✅ Negative Balance Protection | Yes |
| 📧 Daily Email on Fundamental Analysis | Yes |
| 📧 Daily Email on Technical Analysis | Yes |
| 🚨 Trading Central Indicator | No |
| 💸 Account Base Currency Options | EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC |
easyMarkets Demo Account
A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
There is a certain degree of risk involved when trading financial markets and easyMarkets offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
The demo account offered by easyMarkets enables users to refine their trading abilities before committing their own capital to a live trading account.
Because forex trading is usually seen as a high-risk endeavour, novice users are recommended to put their abilities to the test in easyMarkets’ risk-free demonstration mode before proceeding.
Real money demo accounts are pre-loaded with £10,000 in virtual funds, which may be exchanged in the same way as virtual funds are traded in real money accounts.
Users may use the demo account without any limitations, and the goal is to offer them the most realistic representation of what it is like to participate in live markets.
easyMarkets Islamic Account
Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
easyMarkets enables Muslim traders to transfer from a live trading account to a swap-free account, therefore enabling them to participate in Islamic and Halal trading activities. Below are some of the advantages that Muslim traders can look forward to from the Islamic Account:
➡️ Dedicated customer support
➡️ Trading of more than 200 CFDs through either proprietary trading platforms or MT4
➡️ A choice between two powerful trading platforms
➡️ Fixed and competitive spreads
➡️ A Personal Account Manager
How to open an Account with easyMarkets
👉 To register an account with easyMarkets, Namibian traders can follow these steps:
👉 Step 1 – Go to the Official easyMarkets Website
➡️ Go to the official easyMarkets website (https://www.easymarkets.com/) and click on “Sign Up”.
👉 Step 2 – Fill Out Your Details
➡️ Fill out your first and last name, and email address and create a password for your account.
👉 Step 3 – Your Account Is Ready To Trade
➡️ You can now trade with your brand new account!
easyMarkets Vs SuperForex Vs XM – Broker Comparison
| easyMarkets | SuperForex | XM | |
| ⚖️ Regulation | BVI FSC, CySEC, ASIC, FSA | None | FSCA, IFSC, ASIC, CySEC, DFSA |
| 📱 Trading Platform | • easyMarkets • Platform • MetaTrader 4 • TradingView | • MetaTrader 4 • SuperForex App | • MetaTrader 4 • MetaTrader 5 • XM Mobile App |
| 💰 Withdrawal Fee | None | Yes | None |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 390 NAD | 15 NAD | 77 NAD |
| 📈 Leverage | Up to 1:400 | 1:2000 | 1:888 |
| 📊 Spread | Fixed, 0.03 USD | From 0.0 pips | 0.0 pips |
| 💰 Commissions | None | From 0.013% | $1 to $9 |
| ✴️ Margin Call/Stop-Out | 70%/30% | 30%/40% | • 50%/20%, • 100%/50% (EU) |
| ✴️ Order Execution | Market | Market, Instant | Market, Instant |
| 💳 No-Deposit Bonus | No | Yes | No |
| 📊 Cent Accounts | No | Yes | No |
| 📈 Account Types | • Standard Account (Web/App and MT4) • Premium Account (Web/App and MT4) • VIP Account (Web/App and MT4) | • Standard Account • Swap-Free Account • No Spread Account • Micro Cent Account • Profi STP Account • Crypto Account • ECN Standard Account • ECN Standard Mini Account • ECN Swap-Free Account • ECN Swap-Free Mini Account • ECN Crypto Account | • Micro Account • Standard Account • XM Ultra-Low Account • Shares Account |
| ⚖️ BoN Regulation | No | No | No |
| 💳 NAD Deposits | Yes | Yes | Yes |
| 📊 Namibian Dollar Account | No | Yes | No |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/7 |
| 📊 Retail Investor Accounts | 3 | 11 | 4 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 📊 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 50 lots | None | 100 lots |
| 💳 Minimum Withdrawal Time | Instant | Instant | 24 HOURS |
| ⏰ Maximum Estimated Withdrawal Time | Up to 5 Days | Up to 4 Days | Up to 5 Days |
| ✔️ Instant Deposits and Instant Withdrawals? | Yes | Yes | No |
Overall Rating
- 4.7/5
Min Deposit
25 USD / 470 NAD
Regulators
BVI FSC, CySEC, ASIC, FSA
Trading Desk
easyMarkets App, Web Platform, TradingView, MT4, MT5
Crypto
Total Pairs
62
Islamic Account
Trading Fees
Account Activation
easyMarkets Trading Platforms
👉 easyMarkets offers Namibian traders a choice between these trading platforms:
➡️ easyMarkets Platform
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ TradingView
Desktop Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
👉 Investors from all around the globe have come to depend on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms as reliable sources of information. The popularity of MT4 among traders may be attributed to its user-friendly interface and short learning curve, and the same can be said about MetaTrader 5 as the updated version of MT4.
👉 Additionally, easyMarkets provides traders with great trading conditions, set spreads, negative balance protection, free guaranteed stop loss and take profit orders, as well as a news and analysis centre via the MetaTrader 4/5 trading platforms.
WebTrader Platforms
➡️ easyMarkets Platform
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ TradingView
easyMarkets Platform
👉 The easyMarkets online platform does not need Namibian traders to install any additional software on their computers. To get started, all traders need is a web-enabled device and an internet connection. The platform is user-friendly and offers a wide range of analytical and customisation options.
👉 easyMarkets’ unique web-based platform provides a wide range of capabilities, including DealCancellation and Freeze Rate.
👉 There are more than 200 financial instruments from several asset classes that can be exchanged on the site. Additionally, easyMarkets promises zero slippage, maintains constant spreads, and does not charge any fees for deposits or withdrawals.
MetaTrader 4 and 5
👉 MT4 and 5’s built-in technical indicators enable traders to examine charts spanning many periods. If traders lack access to an existing database of trading strategy templates, they may construct their own and preserve them for future use.
👉 Another feature of MetaTrader is the ability to create expert advisors using the proprietary MetaEditor. Additionally, the MQL5 community is an excellent forum for traders to exchange ideas and trading strategies.
TradingView
👉 When Namibian traders open an account with easyMarkets and begin using TradingView, they gain access to a global trading community where they can exchange ideas and techniques with other traders. TradingView offers a range of useful tools and indicators, as well as advanced charting and customisable charts.
👉 Namibian traders who combine the TradingView platform with an easyMarkets account gain immediate access to real-time market data, analysis, and charts, among other benefits.
Trading App
➡️ easyMarkets Platform
➡️ MetaTrader 4
➡️ MetaTrader 5
easyMarkets Platform
👉 The easyMarkets app was created particularly for traders who want a high degree of flexibility to make trading and information more accessible to everyone.
👉 In addition to real-time market data and pricing, traders may make use of many other services available on the platform, like DealCancellation and Freeze Rate, via the use of the app.
👉 Accessed using mobile devices running the iOS or Android operating systems, easyMarkets’ online platform allows Namibian traders to trade in markets all around the globe while utilizing some of the most advanced technology available.
MetaTrader 4 and 5
👉 Apart from the desktop and web versions, MetaTrader 4 and 5 are also accessible on mobile devices such as iOS and Android smartphones in Namibia. Traders who use the MetaTrader mobile apps have access to a wide range of tools and indicators.
easyMarkets Range of Markets
👉 Namibian traders can expect the following range of markets from easyMarkets:
➡️ Forex
➡️ Shares
➡️ Cryptocurrencies
➡️ Precious Metals
➡️ Commodities
➡️ Indices
➡️ Options
Broker Comparison for Range of Markets
| easyMarkets | SuperForex | XM | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | Yes | No |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | Yes | Yes | Yes |
| ➡️️ Options | No | No | No |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | No | No | No |
easyMarkets Trading and Non-Trading Fees
Spreads
👉 Customers of easyMarkets should expect a broad variety of spreads, depending on the kind of account and platform they pick for themselves. The following are typical spread fees that are charged:
| Account | easyMarkets Web/App | MetaTrader 4 |
| Standard Account | • EUR/USD – 1.8 pips • GBP/USD – 2.4 pips • USD/JPY – 2.4 pips • WTI (OIL) – 0.06 USD • XAU/USD – 0.50 USD | • EUR/USD – 1.7 pips • GBP/USD – 2.3 pips • USD/JPY – 2 pips • WTI (OIL) – 0.05 USD • XAU/USD – 0.45 USD |
| Premium Account | • EUR/USD – 1.5 pips • GBP/USD – 1.9 pips • USD/JPY – 2.2 pips • WTI (OIL) – 0.05 USD • XAU/USD – 0.45 USD | • EUR/USD – 1.2 pips • GBP/USD – 1.8 pips • USD/JPY – 1.8 pips • WTI (OIL) – 0.04 USD • XAU/USD – 0.40 USD |
| VIP Account | • EUR/USD – 0.8 pips • GBP/USD – 1.4 pips • USD/JPY – 1.5 pips • WTI (OIL) – 0.04 USD • XAU/USD – 0.40 USD | • EUR/USD – 0.7 pips • GBP/USD – 1.3 pips • USD/JPY – 1 pip • WTI (OIL) – 0.03 USD • XAU/USD – 0.35 USD |
Commissions
👉 easyMarkets is a forex and CFD broker that charges a set spread and no commission charges, with the broker’s fee already calculated into the spreads.
Overnight Fees, Rollovers, or Swaps
👉 EasyMarkets’ proprietary trading platforms levy overnight fees starting at 10 p.m. GMT seven days a week. An overnight fee is levied to traders who keep open positions on MetaTrader 4 for more than 24 hours.
👉 On MetaTrader 4, an overnight fee is imposed five days a week, and a triple fee is applied on Wednesdays. Every Friday, open crypto positions will be charged quadruple fees.
👉 After a deal is concluded, overnight expenses are deducted/credited from the trading account. easyMarkets does not provide an exhaustive list of overnight fees. Traders may obtain these fees by opening a demo account or contacting easyMarkets.
Deposit and Withdrawal Fees
👉 easyMarkets does not charge any deposit or withdrawal fees on any of its supported payment methods. However, Namibian traders may face some processing fees charged according to the payment provider that they use for funding and/or withdrawal activities.
Inactivity Fees
👉 If the free balance on the trading account of a Namibian trader surpasses $25, easyMarkets charges a $25 inactivity fee. This fee is charged to accounts that have been dormant for a long time.
👉 If this happens and the account balance goes below $25, the remainder of the funds will be removed, and the account will be closed automatically.
Currency Conversion Fees
👉 When Namibian traders deposit or withdraw in NAD, they could face currency conversion fees because NAD is not an accepted base account currency.
Deposits and Withdrawals
👉 easyMarkets offers the following deposit and withdrawal methods:
➡️ Debit Card
➡️ Credit Card
➡️ AstroPay
➡️ Sofort
➡️ Giropay
➡️ iDEAL
➡️ Local Bank Transfer
➡️ Bpay
➡️ Neteller
➡️ Skrill
➡️ Fasapay
➡️ Sticpay
➡️ Egyptian Local Deposits
➡️ WebMoney
➡️ BitWallet
➡️ Perfect Money
➡️ Bank Wire Transfer
➡️ UnionPay
➡️ WeChat Pay
How to Deposit Funds with easyMarkets
👉 To deposit funds to an account with easyMarkets, Namibian traders can follow these steps:
➡️ Once a Namibian trader has opened a live account and verified their identity and residence, they can deposit money into their live trading account.
➡️ Users can access the deposits area of their “My easyMarkets” dashboard and choose a deposit option.
➡️ Next, they can enter the desired amount in currency.
➡️ Lastly, Namibian traders can follow payment provider instructions after they have confirmed the deposit details.
easyMarkets Fund Withdrawal Process
👉 To withdraw funds from an account with easyMarkets, Namibian traders can follow these steps:
➡️ Log into the “My easyMarkets” dashboard.
➡️ Navigate to “Funds Management.”
➡️ Choose the same method that was used with account funding, using debit or credit card first before selecting another method.
easyMarkets Education and Research
Education
EasyMarkets offers the following Educational Materials:
➡️ Trading Courses
➡️ Free eBooks
➡️ Knowledge Base
➡️ Trading Indicators
➡️ FAQ
easyMarkets offers Namibian traders the following Research and Trading Tools:
➡️ Economic Indicators
➡️ Market News
➡️ Trading Charts
➡️ Live Currency Rates
➡️ Financial Calendar
➡️ Trading Hours
easyMarkets Bonuses and Promotions
easyMarkets offers Namibian traders the following bonuses and promotions:
➡️ Sign-up Bonus
➡️ Referral Bonus
➡️ First Deposit Bonus
Overall Rating
- 4.7/5
Min Deposit
25 USD / 470 NAD
Regulators
BVI FSC, CySEC, ASIC, FSA
Trading Desk
easyMarkets App, Web Platform, TradingView, MT4, MT5
Crypto
Total Pairs
62
Islamic Account
Trading Fees
Account Activation
How to open an Affiliate Account with easyMarkets
To register an Affiliate Account, Namibians can follow these steps:
➡️ Navigate to the easyMarkets official website.
➡️ Hover over “About” on the main menu on the homepage and select “Partners” from the bottom of the drop-down list.
➡️ Select the “Become a Partner” banner and complete the “Sign up now!” registration form.
➡️ Before applying, select whether you want to become an Affiliate or an Introducing Broker.
➡️ Read and accept the Affiliation Agreement and click on “Join” to apply.
easyMarkets Affiliate Program Features
A unique partner experience is provided by easyMarkets because of the high lead-to-active customer conversion rate, numerous levels of involvement, and compensation options that the company provides.
When Namibians sign up as affiliates, they will have access to an affiliate success manager as well as a well-known, well-established broker with a wide range of services at their disposal. The financial markets, as well as subsequent trade, are covered by the material of affiliates.
Anybody could earn money as an easyMarkets affiliate if they can figure out how to attract new customers. As an easyMarkets partner, Namibians have access to several payment options that may be customized to meet the specific needs of their regular customers.
Spread Sharing also pays the affiliate a percentage of the spread costs when referrals do trades using Spread Sharing’s platform. Affiliates get a commission when their referred customers join up and begin trading. In addition, affiliates may earn commissions from a diverse range of customers using easyMarkets’ hybrid scheme.
easyMarkets Customer Support
easyMarkets offers responsive and helpful 24/5 customer support that can be contacted through several communication channels.
easyMarkets Corporate Social Responsibility
There is currently no information available on the Corporate Social Responsibility (CSR) initiatives or projects that easyMarkets is involved in.
Verdict on easyMarkets
Overall, easyMarkets review demonstrates a brokerage business with a lengthy operating history and fully fair and transparent trading circumstances. The diversity of account kinds and superior software features are additional fantastic advantage provided to all easyMarkets customers, making it worth considering.
As a seasoned broker with over two decades of trading expertise, easyMarkets is a straightforward yet welcoming platform that provides various benefits over its rivals. easyMarkets has a slew of unique features, the majority of which simplify the trading process – notably for novice or inexperienced traders.
easyMarkets is regulated by several different financial regulatory bodies worldwide. This not only provides peace of mind and safety for its consumers, but also displays easyMarkets’ willingness to operate in a responsible and open way.
In terms of usability, the site places a premium on ensuring users can browse swiftly and simply while doing transactions. The website itself offers a huge selection of various accounts and instruments. Whatever sort of trader you are, you should be able to find something here that meets and exceeds your trading needs.
easyMarkets Current Popularity Trends
👉 According to Google Trends, easyMarkets has seen an increase in Google Searches in the past month.
Overall Rating
- 4.7/5
Min Deposit
25 USD / 470 NAD
Regulators
BVI FSC, CySEC, ASIC, FSA
Trading Desk
easyMarkets App, Web Platform, TradingView, MT4, MT5
Crypto
Total Pairs
62
Islamic Account
Trading Fees
Account Activation
easyMarkets Pros and Cons
| ✔️ Pros | ❌ Cons |
| easyMarkets is well-regulated by Tier-1, Tier-2, and Tier-3 regulators | easyMarkets is a market maker broker that takes the opposite side in trades, which means that the broker profits from the losses experienced by traders |
| easyMarkets offers a choice between several retail accounts and trading options | There is no NAD-denominated account offered |
| There are fixed spread accounts offered and transparent trading fee schedules | There is an inactivity fee charged |
| Commissions are not charged on any trades | |
| There are no deposit or withdrawal fees | |
| easyMarkets offers instant withdrawals and supports NAD | |
| There is a proprietary easyMarkets trading app provided | |
| The broker offers free guaranteed stop-loss orders, Trading Central, and trading signals |
Frequently Asked Questions
Is easyMarkets regulated?
Yes, easyMarkets is well-regulated by ASIC in Australia, CySEC in Cyprus, BVI FSC in the British Virgin Islands, and FSA in Seychelles.
Does easyMarkets have a demo account?
Yes, easyMarkets offers an unlimited demo account to Namibian traders.
Does easyMarkets have Nasdaq?
Yes, easyMarkets has Nasdaq. Namibian traders can trade US Tech (NDQ) from 10 pm on Sundays until 9 pm on Fridays.
What is the withdrawal time with easyMarkets?
The minimum withdrawal time with easyMarkets is instant and the maximum withdrawal time is up to 5 working days.
Does easyMarkets have Volatility 75?
No, easyMarkets does not have Volatility 75 (VIX) as part of its tradable financial instruments. However, Namibians can trade other indices such as the Swiss 20, Japan 225, India 50, UK 100, US 500, and many more.
Conclusion
Now it is your turn to participate:
➡️ Do you have any prior experience with easyMarkets?
➡️ What was the determining factor in your decision to engage with easyMarkets?
➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?
➡️ Have you experienced any issues with easyMarkets such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?
Regardless, please share your thoughts in the comments below.
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
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