Scam Forex Brokers in Namibia
5 Best Forex Brokers with Minimum $50 Deposit in Namibia
The 5 Best Forex Brokers with a Minimum 50 USD Deposit in Namibia revealed. We tested and verified the best minimum of 50 Dollar forex brokers for Namibia Traders.
This is a complete list of a minimum of Fifty Dollar deposit forex brokers in Namibia.
In this in-depth guide you’ll learn:
- What is a minimum $50 deposit broker?
- Who are the best $50 minimum deposit forex brokers for Namibians?
- Which minimum deposit brokers are best for beginner traders?
- Which NASDAQ Forex brokers offer a low minimum deposit?
- How to choose a forex broker – Compare them side by side against each other.
- Which brokers offer no minimum deposit?
- Which brokers offer a signup bonus for first-time traders?
And lots more…
So if you’re ready to go “all in” with the best-tested minimum $50 deposit forex brokers for Namibians…
Let’s dive right in…
- Louis Schoeman
5 Best Forex Brokers with Minimum $50 Deposit in Namibia – Comparison
| 🥇 Broker | 🎉 Open an Account | 💰 Minimum Deposit | 💻 Trading Platforms | ✅ Regulation |
| 1. Exness | Open Account | 10 USD / 186 NAD | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
| 2. HF Markets | Open Account | 0 USD / 0 NAD | MetaTrader 4 and MetaTrader 5 | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 3. FBS | Open Account | 5 USD / 93 NAD | FBS Trader, MetaTrader 4, MetaTrader 5, CopyTrade Platform | IFSC, CySEC, ASIC, and FSCA |
| 4. OANDA | Open Account | 0 USD / 0 NAD | MetaTrader 4, OANDA Platform, TradingView | IIROC, ASIC, CFTC, NFA, FCA, FFAJ, JFSA, MAS, MFSA, BVI FSC |
| 5. XM | Open Account | 5 USD / 93 NAD | MetaTrader 4, MetaTrader 5, XM Mobile App | FSCA, IFSC, ASIC, CySEC, DFSA |
10 Best Forex Brokers in Namibia
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What are Forex Brokers with a Minimum $50 Deposit?
Since they have minimal minimum deposit requirements, forex brokers with a $50 deposit minimum are those with whom you may begin trading forex for just $50.
In this manner, novices can become familiar with trading before excessively increasing the size of their trading accounts.
5 Best Forex Brokers with Minimum $50 Deposit in Namibia Summary
- Exness – Overall, Best Forex Broker with a Minimum $50 Deposit in Namibia
- HF Markets – Suited for Both Experienced and Beginner Traders
- FBS – Selection of Instant Deposit Methods Offered
- Oanda – Innovative Mobile Trading Platforms Provided
- XM – Offers a Free Demo Account for Beginner Traders
1. Exness
Exness offers Namibian traders a personalised trade experience that meets their needs. Exness provides traders in Namibia with access to a range of financial products, including CFDs on different assets and FX pairings, and is renowned for its user-friendly platform.
The broker sets itself apart with choices for leverage and cheap spreads, which are particularly helpful for traders looking to maximise their trading potential. Additionally, Exness facilitates a number of widely used payment options in Namibia, making fund transfers quick and simple.
Overall Rating
- 4.9/5
Min Deposit
Depending on the payment system, typically, low
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4, MetaTrader 5, Exness App, Exness Terminal
Crypto
Total Pairs
107
Islamic Account
Trading Fees
Account Activation
Additionally, by offering a secure and encouraging trading environment, Exness’ commitment to customer care and regulatory compliance makes it more appealing to Namibian traders.
Exness Overview
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader mobile, Exness Trade App, Exness Terminal, MetaTrader 5, MT4, MetaTrader WebTerminal |
| 💳 Minimum Deposit | USD 10 / 185 NAD |
| 🔎 Trading Accounts | Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account |
| 📊 Spread | Variable, from 0.0 pips |
| 💰 Commissions | From $0.1 per side, per lot |
| 📈 Maximum Leverage | Unlimited |
| ⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Exness is well-regulated by several reputable market regulators across the globe | United States clients are excluded from Exness’ global reach |
| There are tight, variable spreads offered across five retail investor accounts | There is a limited selection of tradable instruments offered |
| There is a choice between dynamic retail investor accounts, each featuring competitive trading conditions | There is a limited selection of funding options offered |
| The broker offers solutions to both novice traders and professionals | |
| There are advanced trading tools offered | |
| Provides a powerful proprietary platform on the web and mobile devices | |
| Client fund safety and investor protection guaranteed | |
| Instant withdrawals and deposits supported | |
| Exness offers multilingual customer service that is available 24/7 |
2. HF Markets
Namibian traders are accepted at HFM, which offers an average spread of 0.0 pip with a $6–$8 commission round turn. HFM offers an Islamic account and a demo with a maximum leverage ratio of 1:1000.
About 1.5 million people have active accounts at HF Markets; in total, the company employs over 200 people worldwide, providing customers with round-the-clock support in over 27 languages. An essential component of HFM’s overarching goal is ensuring that customers are satisfied.
Overall Rating
- 4.8/5
Min Deposit
0 USD / 0 NAD
Regulators
FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
Trading Desk
MetaTrader 4, MetaTrader 5, HF App
Crypto
No
Total Pairs
50+
Islamic Account
Trading Fees
Account Activation
HFM offers traders in Namibia competitive spreads, leverage up to 1:2000, and a broad selection of trading products, such as FX, cryptocurrencies, and CFDs.
Additionally, HFM is a fantastic option for anyone looking for a dependable trading partner in the tumultuous financial markets because of its robust MT4 and MT5 platforms, dedication to client care, and educational initiatives.
HFM Overview
| 💵 Minimum Deposit | 0 USD / 0 NAD |
| ✔️ Deposit Currencies | USD, AED, EUR, GBP, CHF, JPY, NZD, CAD, ZAR, and more. |
| 🔎 Trading Platforms | MetaTrader 4, MetaTrader 5, HF App |
| 📊 Starting spread | 0.0 pips |
| 💰 Minimum Commission per Trade | From $6 per round turn on Forex |
| 📈 Demo Account | Yes |
| ⚖️ Non-expiring Demo | Yes |
| ⏰ Demo Duration | Unlimited |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated CFD and Forex broker that has a decent trust score | United States clients and some other regions are not accepted by HotForex |
| The spreads offered are low and competitive | There may be restricted leverage for EU clients because of regulatory requirements |
| There are several account types to choose from with reasonable trading fees charged | There are no variable spread accounts offered |
| HotForex welcomes all types of traders and trading strategies | Limited funding options offered for deposits and withdrawals |
| There is a low minimum deposit requirement and secure methods for deposits and withdrawals | |
| Suited to beginner traders and experienced traders | |
| Offers comprehensive expert trading and market analysis | |
| Offers a decent selection of educational tools and a range of trading tools |
3. FBS
With its user-friendly design that makes it simpler to navigate through a large selection of trading items, including cryptocurrencies, commodities, equities, and currency pairs, FBS has served both novice and expert traders in Namibia since its foundation in 2009.
The enormous leverage that FBS provides—up to 1:3000 for a variety of instruments—is one of its primary advantages. This function is very beneficial for experienced Namibian traders who have a firm grasp of the market and want to expand their trading potential.
Overall Rating Min Deposit 95 NAD / 5 USD Regulators IFSC, CySEC, ASIC, FSCA Trading Desk FBS Trader, MetaTrader 4, MetaTrader 5 Crypto Total Pairs 36 Islamic Account No Trading Fees Account Activation 
However, it’s crucial to realise that there are risks associated with employing too much leverage, so act with caution.
FBS Overview
| Feature | Information |
| ⚖️ Regulation | FSCA, IFSC, ASIC, CySEC, DFSA, FCA |
| ⚖️ BoN Regulation | No |
| ✔️ Accepts Namibian Traders? | Yes |
| 💳 Minimum deposit (NAD) | 5 USD / 93 NAD |
| Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:3000 |
| 👥 Customer Support | 24/7 |
| 🎉 Trading Platform | FBS Trader, MetaTrader 4, MetaTrader 5, CopyTrade |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| There is an ultra-low minimum deposit when Namibians register a trading account | FBS does not have Tier-1 regulations |
| There is a range of tradable financial instruments which are spread across asset classes | There are inactivity fees that apply to dormant accounts |
| Namibian traders have a choice between versatile and powerful trading platforms | There could be currency conversion fees applied to NAD deposits |
| There is a selection of instant deposit methods offered | There is no dedicated NAD-denominated account |
| Namibian traders can expect competitive trading conditions and comprehensive copy trading solutions | There are both deposit and withdrawal fees charged on payment methods |
| There are demo accounts offered and once an account expires, traders can register a new demo account | |
| There are swap-free options provided to Muslim traders | |
| There is a helpful and prompt customer support team available |
4. Oanda
Since its founding in 1996, OANDA has been a well-known forex trading platform that caters to traders all over the world. OANDA’s extensive array of financial instruments and cutting-edge trading technologies have made it a popular option for traders in Namibia.
With so many different currency pairs, commodities, indices, and even cryptocurrencies available on the site, Namibian traders may diversify their portfolios according to their level of risk tolerance and interest in the market.
One of OANDA’s primary differentiators is its unique trading platform, which offers advanced charting tools, technical indicators, and real-time news updates. It is appropriate for both inexperienced and seasoned traders due to its straightforward and adaptable user interface.
Overall Rating
- 4.9/5
Min Deposit
0 USD / 0 NAD
Regulators
FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
Trading Desk
MetaTrader 4, OANDA Platform, TradingView
Crypto
Total Pairs
45
Islamic Account
Trading Fees
Account Activation
For traders who would rather use third-party platforms, OANDA also provides smooth connectivity with MetaTrader 4, granting them access to automated trading techniques.
OANDA is renowned for its openness as well. The platform’s simple pricing structure and low spreads are well-known. OANDA receives its revenue from spreads, not commission fees as some brokers do, so traders don’t have to factor in extra expenses.
OANDA Overview
| Feature | Information |
| ⚖️ Regulation | IIROC, ASIC, CFTC, NFA, FCA, FFAJ, JFSA, MAS, MFSA, BVI FSC |
| ⚖️ BoN Regulation | No |
| ✔️ Accepts Namibian Traders? | Yes |
| 💳 Minimum deposit (NAD) | 0 USD / 0 NAD |
| 📊 Average spread from | 0.1 pips |
| 📈 Trading Assets | Index CFDs, Forex, Metals, Commodity CFDs, Bonds CFDs, Precious Metals, Real-time Rates |
| 👥 Customer Support | 24/7 |
| 🎉 Trading Platform | MetaTrader 4, OANDA Platform, TradingView |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Proprietary desktop trading platforms offered alongside MetaTrader 4 and 5 | Fixed spreads are not offered |
| Offers an impressive array of financial instruments including most currency pairs | There is a monthly inactivity fee applied |
| Innovative mobile trading apps and mobile platforms provided | |
| There are several advanced charting tools and charting features offered | |
| Negative balance protection is applied to accounts | |
| The broker accepts a wide range of trading strategies including algorithmic trading, hedging, scalping, and more | |
| There is a comprehensive range of trading tools and analytical tools offered | |
| Deposit fees are not charged and there are several deposit options | |
| Offers a decent selection of educational materials including educational articles | |
| Client funds are kept in segregated accounts |
5. XM
XM provides traders in Namibia with a smooth experience while emphasising key differences that separate it from other companies in the sector. Traders can effortlessly handle their finances with an array of deposit and withdrawal alternatives.
Moreover, withdrawals are free of additional fees and typically take less than a day to process.
Overall Rating
- 4.7/5
Min Deposit
5 USD / 95 NAD
Regulators
FSCA, IFSC, ASIC, CySEC, DFSA, FCA
Trading Desk
MT4, MT5, XM Mobile App
Total Pairs
57
Islamic Account
Trading Fees
No (Just spread)
Account Activation
Traders can use flexible trading tactics because of the competitive spreads, which on important currency pairs can be as low as 0.7 pips, and the option to use fixed or variable spreads.
One of XM’s most notable characteristics is its enormous leverage, reaching a ratio of up to 1:1000. As a result, traders in Namibia are able to handle large holdings with relatively little capital.
XM Overview
| Feature | Information |
| ⚖️ Regulation | FSCA, IFSC |
| ⚖️ BoN Regulation | No |
| ✔️ Accepts Namibian Traders? | Yes |
| 💳 Minimum deposit (NGN) | USD 5 / 97 NAD |
| Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:888 |
| 👥 Customer Support | 24/5 |
| 🎉 Trading Platform | Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| XM is multi-regulated by Tier-1, Tier-2, and Tier-3 regulators in Australia, Cyprus, South Africa, Dubai, and Belize | NAD is not a supported account default currency or deposit currency |
| Negative balance protection is applied to XM’s retail accounts and client fund security is guaranteed | Currency conversion and inactivity fees apply |
| XM offers a decent collection of account types, trading platforms, trading tools, and education | |
| Namibian traders are not restricted according to their trading strategies | |
| There is an enormous range of tradable instruments offered to Namibian traders | |
| XM offers some of the lowest trading fees in the industry | |
| Namibian beginner traders can register a free demo account | |
| Muslim traders can convert a live trading account into an Islamic account |
How to Choose a Forex Broker with a Minimum $50 Deposit in Namibia
Namibian traders must evaluate the following components of a forex broker to decide whether the broker is suited to their unique trading objectives and/or needs.
Regulations and Licenses
This is the first important component that traders must thoroughly evaluate. Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others. Namibians must beware when dealing with brokers that only have offshore regulations such as FSA, SVG BVI, FSC, and others.
Account Features
Account Features include leverage trading and margin requirements, commissions and spreads, initial deposits, additional features on retail investor accounts, and so on.
Deposits and Withdrawals
Namibians must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits among other trading and non-trading fees.
Range of Markets
The range of markets offered refers to the number and range of tradable instruments that the broker offers. Namibians must consider what they wish to trade and what is available.
Customer Support
Customer Support is another crucial factor and Namibians must check the availability of support (trading hours), the quality of support, and the promptness with which the customer support team responds to queries.
Trading Platform
A trading platform is the Namibian trader’s portal to the financial markets. Traders must ensure that the trading platform has the necessary technical indicators, fundamental analysis, technical analysis, economic calendar, charting, newsfeed, and other tools they may need.
Education and Research
Education and Research come in handy to both novice traders and experienced investors. Education includes some of the following:
eBooks
Trading guides
Trading knowledge on leveraged products
A risk warning on complex instruments
Educational videos
Research can include some of the following:
Trading tools
Commentary
Status of International Markets
Price movements
Market sentiments
Whether there is a volatile market
Exchange Rates
Expert opinions and several other resources can help experienced traders make informed trading decisions.
Why Namibian traders should choose a low minimum deposit Forex broker
Namibian Forex traders can reap significant advantages by opting for a low minimum deposit Forex broker. These brokers empower traders to enter the dynamic foreign exchange market with minimal financial commitment, making it accessible to a broader audience.
A lower entry threshold reduces barriers, allowing novice traders to hone their skills and gain valuable experience without substantial capital risk. Additionally, it facilitates diversification, enabling investors to explore multiple currency pairs and strategies.
This accessibility promotes financial inclusivity, fostering a more diverse and resilient trading community in Namibia.
Ultimately, a low minimum deposit Forex broker enhances affordability, flexibility, and educational opportunities for Namibian traders entering the world of foreign exchange.
The Best Forex Brokers in Namibia
In this article, we have listed the best brokers with a Minimum $50 Deposit to Namibian traders. We have further identified the brokers that offer additional services and solutions to Namibian traders.
Best MetaTrader 4 / MT4 Forex Broker
Overall Rating
- 4.9/5
Min Deposit
Depending on the payment system, typically, low
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4, MetaTrader 5, Exness App, Exness Terminal
Crypto
Total Pairs
107
Islamic Account
Trading Fees
Account Activation
Overall, Exness is the best MetaTrader 4 broker in Namibia. Exness is a highly popular brokerage firm among traders because of its extensive regulatory history with multiple regulatory bodies and its provision of substantial leverage ratios. Exness is highly respected by Namibian traders since it offers 24/7 customer support services.
Best MetaTrader 5 / MT5 Forex Broker
Overall Rating
- 4.9/5
Min Deposit
100 USD / 1,900 NAD
Regulators
Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
Trading Desk
AvaTrade WebTrader, AvaTradeGO, AvaOptions, AvaSocial, MT4, MT5, DupliTrade, ZuluTrade
Crypto
Total Pairs
55+
Islamic Account
Trading Fees
Account Activation
Overall, AvaTrade is the best MetaTrader 5 broker in Namibia. AvaTrade is a brokerage company that has a solid reputation for reliability and provides over 1,250 trading alternatives to its clients on various financial markets. It is likely that Namibian traders will be drawn to AvaTrade by its attractive conditions.
Best Forex Broker for beginners
Overall Rating
- 4.7/5
Min Deposit
5 USD / 95 NAD
Regulators
FSCA, IFSC, ASIC, CySEC, DFSA, FCA
Trading Desk
MT4, MT5, XM Mobile App
Total Pairs
57
Islamic Account
Trading Fees
No (Just spread)
Account Activation
Overall, XM is the best forex trading platform for beginners in Namibia. With a focus on accommodating novice traders, XM provides a variety of trading choices. For anyone interested in learning more about trading foreign exchange, the XM platform is an excellent starting point.
Best Low Minimum Deposit Forex Broker
Overall Rating
- 4.7/5
Min Deposit
5 USD / 94 NAD
Regulators
FSC, FSCA
Trading Desk
MetaTrader4, MetaTrader5, Alpari Mobile App
Crypto
Total Pairs
61
Islamic Account
Trading Fees
Account Activation
Overall, Alpari is the best minimum deposit forex trading platform in Namibia. Namibian traders can fund their Alpari accounts and make withdrawals using the widely accepted payment methods in their nation. Fair spreads and affordable commission rates are what Alpari offers its customers. A replica trading platform is one of the many services provided by the well-known trading platform Alpari.
Best ECN Forex Broker
Overall Rating
- 4.7/5
Min Deposit
200 USD / 3,800 NAD
Regulators
FSA, CySEC, ASIC
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, ZuluTrade
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, IC Markets is the best ECN forex trading broker in Namibia. Reputably operating in the electronic communication network (ECN) trading market, IC Markets is a well-known company in the industry. A wide range of demands and preferences are successfully accommodated by the variety of trading techniques that IC Markets offers.
Best Forex Trading App
Overall Rating
- 4.6/5
Min Deposit
10 USD / 190 NAD
Regulators
CySEC, FSCA, FCA, CMA, FSC Mauritius
Trading Desk
MetaTrader 4, MetaTrader 5, FXTM Trader
Crypto
Yes
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, FXTM has the best forex trading app in Namibia. FXTM offers its customers the option to trade with three real-time trading accounts and a range of cutting-edge trading products. All users with active FXTM trading accounts can access the demo account.
Best Forex Rebates Broker
Overall Rating
- 4.7/5
Min Deposit
100 USD / 1,861 NAD
Regulators
CySEC, FSCA
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader, FxPro Trading Platform
Crypto
Total Pairs
70+
Islamic Account
Trading Fees
Account Activation
Overall, FxPro is the Best Forex Rebates Broker in Namibia. The corporate headquarters of the brokerage company FxPro is located in the United Kingdom and operates using STP (Straight Through Processing) and ECN (Electronic Communication Network) technologies. The company is rather proud of the vast number of traders it has on file—more than 1.8 million. When you trade at FxPro with specific instruments and account types, you will get rebates.
Best Lowest Spread Forex Broker
Overall Rating
- 4.7/5
Min Deposit
100 USD / 1,900 NAD
Regulators
Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA
Trading Desk
MT4, MT5, Tickmill Mobile
Crypto
Total Pairs
62
Islamic Account
Trading Fees
Account Activation
Overall, Tickmill is the best lowest spread forex trading platform in Namibia. Tickmill is a fair brokerage service that offers traders an affordable choice. Tickmill offers a wide range of trading tactics. There are several deposit alternatives offered by Tickmill, and there are no extra commission costs when trading on their platform.
Conclusion
Overall choosing to use a Forex broker with a $50 minimum deposit or less allows Namibian traders greater access to the profit opportunities on the Forex market without risking too much of their own capital at first, which is a great option for beginner traders.
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Frequently Asked Questions
What are the best Forex brokers with a minimum deposit of $50 in Namibia?
There are several reputable Forex brokers that offer a minimum deposit of $50 or lower. Some popular options include Exness, HFM, FBS, Oanda and XM. It’s essential to consider factors like regulation, trading platforms, and customer support when choosing the best one for your needs.
Do brokers with a $50 minimum deposit offer a demo account?
Yes, many Forex brokers with a $50 minimum deposit requirement provide demo accounts. These accounts allow traders to practice and test their strategies in a risk-free environment before committing real funds. Demo accounts are valuable for both beginners and experienced traders.
What leverage is typically offered by brokers with a $50 minimum deposit?
The leverage offered by brokers with a $50 minimum deposit varies, but it’s common to find leverage ranging from 1:50 to 1:500. It’s crucial to understand the risks associated with leverage and choose a level that aligns with your risk tolerance and trading strategy.
Are there any additional fees associated with a $50 minimum deposit account?
Brokers may have additional fees, such as spreads, overnight financing charges, and withdrawal fees. It’s important to carefully review the fee structure of each broker to understand the total cost of trading. Some brokers may also offer fee-free deposit and withdrawal options.
Which regulatory bodies oversee Forex brokers with a $50 minimum deposit?
Regulatory oversight is crucial for the safety of your funds. Brokers with a $50 minimum deposit should ideally be regulated by reputable authorities such as the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), or the Australian Securities and Investments Commission (ASIC). Always check the regulatory status of a broker before opening an account.
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