Namibian Dollar Forex Trading Accounts
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7 Best Forex Brokers with Minimum $50 Deposit in Namibia
The 7 Best Forex Brokers with a Minimum 50 USD Deposit in Namibia revealed. We tested and verified the best minimum of 50 Dollar (792NAD) 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
Best Forex Brokers with Minimum $50 Deposit in Namibia – Comparison
| 🥇 Broker | 👉 Open an Account | ✔️ $50 Deposit Broker? | 💰 Minimum Deposit in Namibian Dollars? | ✅ Offers Namibian Account? |
| 1. Exness | 👉 Open Account | Yes | 792 NAD ($50) | Yes |
| 2. HF Markets | 👉 Open Account | Yes | 792 NAD ($50) | Yes |
| 3. FBS | 👉 Open Account | Yes | 792 NAD ($50) | No |
| 4. OANDA | 👉 Open Account | Yes | 792 NAD ($50) | No |
| 5. Trade Nation | 👉 Open Account | Yes | 792 NAD ($50) | No |
| 6. Axiory | 👉 Open Account | Yes | 792 NAD ($50) | No |
| 7. XM | 👉 Open Account | Yes | 792 NAD ($50) | No |
7 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
- Trade Nation – Commission-Free Trading Offered
- Axiory – Offers Islamic Accounts to Muslim Traders
- XM – Offers a Free Demo Account for Beginner Traders
What are Forex Brokers with a Minimum $50 Deposit?
👉 Forex Brokers with a Minimum $50 Deposit are those with whom you only need $50 to start trading forex since they require low minimum deposits. This way beginners can get acquainted with trading before boosting the size of their trading accounts too much.
1. Exness
Overall Rating
- 4.9/5
Min Deposit
10 USD / 186 NAD
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
Crypto
Total Pairs
107
Islamic Account
Trading Fees
Account Activation
Overview
👉 Overall, Exness is considered low-risk and properly licenced and regulated. Exness is headquartered in Cyprus and regulated by FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, and FCA.
👉 Exness accepts Namibian clients and has an average spread from 0.0 pips with commissions from $0.1 per lot, per side. Exness offers five different retail trading accounts namely a Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, and Pro Account.
👉 Exness has an unlimited maximum leverage ratio and there is a demo and Islamic account available. MT4, MT5, and Exness platforms are supported.
👉 The trading process is handled using the user-friendly MT4 platform, which offers the ability to trade a variety of CFDs and Futures contracts on a variety of marketplaces.
👉 Exness has won numerous awards as a retail broker because it provides stable and reliable brokerage services, as well as a comfortable trading environment tailored to the needs of the most demanding traders.
Unique Features
| Account Feature | Value |
| 💰 Minimum Deposit Requirement | $10 / 192 NAD |
| 📊 Spreads | Variable, from 0.3 pips |
| 💵 Account Base Currency | AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, KES, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR |
| 💸 Commission Charges | None |
| 📈 Maximum Leverage offered | Unlimited leverage |
| ✔️ Instruments Available | Forex major pairs, minor currency pairs, exotic pairs, energies, cryptocurrencies, stocks, indices |
| 📉 Minimum lot size | 0.01 lot |
| 📈 Maximum Lot Size | • 200 lots from 7 am to 8h59 pm (GMT +0) • 20 lots from 9 pm to 6h59 am (GMT +0) |
| 📊 Maximum positions | Unlimited |
| % Hedged Margin (%) | 0 |
| 📞 Margin Call (%) | 60 |
| 🛑 Stop-out Level (%) | 0 |
| 📱 Order Execution | Market Execution |
| ☪️ Islamic Account | Yes |
| 👉 Open an 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
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
Overview
👉 In operation since 2010, HF Markets, previously known as HotForex, is a leading worldwide online broker.
👉 HF Markets is headquartered in Cyprus and regulated by FSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA. Overall, HF Markets (previously HotForex) is considered low-risk, with proper regulation.
👉 HF Markets offers five different retail trading accounts namely a Micro Account, Premium Account, HFCopy Account, Zero Spread Account, and an Auto Account. MT4, MT5 and HF App platforms are supported.
👉 HF Markets accepts Namibian clients and has an average spread from 0.0 pips with a $6 to $8 commission round turn. HF Markets has a maximum leverage ratio up to 1:1000 and there is a demo and Islamic account available.
👉 There are approximately 1.5 million active account holders at HF Markets, and overall, HF Markets employ more than 200 people throughout the world, and they offer 24-hour assistance in over 27 languages to customers, with customer service and satisfaction an integral part of HF Markets’ overall mission.
Unique Features
| 💳 Minimum Deposit (₦) | 2,200 NGN or equivalent to $5 or 70 ZAR |
| 📈 Spreads | 1 pip EUR/USD |
| 💻 Trading Platform | MetaTrader 4, MetaTrader 5 |
| 💰 Trading Instruments | All |
| ✴️ Execution | Market Execution |
| 📈 Maximum Leverage Ratio | 1:1000 |
| 📈 Minimum Trade Size | 0.01 lot |
| 📈 Maximum Trade Size | 7 Standard Lots (100,000 base currency) |
| 📊 Maximum Open Orders | 150 (Simultaneous) |
| 🌐 Margin Call (%) | 40 |
| 🌐 Stop-Out (%) | 10 |
| 💳 Account Base Currency | USD, ZAR |
| 👨💼 Personal Account Manager | Yes |
| ⚖️ Commission Charges | None |
| 🔎 Bonuses Offered | Flexible bonus offering |
| 👉 Open an 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
Overall Rating
- 4.7/5
Min Deposit
5 USD / 93 NAD
Regulators
FSCA, IFSC, ASIC, CySEC, DFSA, FCA
Trading Desk
FBS Trader, MetaTrader 4, MetaTrader 5, CopyTrade
Crypto
Total Pairs
36
Islamic Account
No
Trading Fees
Account Activation
Overview
👉 Overall, FBS is considered average risk, although licensed by one Tier-1 Regulator (high trust), two Tier-2 Regulators (average trust), and one Tier-3 Regulator (low trust). FBS is headquartered in Belize and is regulated by IFSC, CySEC, ASIC, and FSCA.
👉 FBS offers six different retail trading accounts namely an FBS Cent Account, FBS Micro Account, FBS Standard Account, FBS Zero Account, FBS ECN Account, and FBS Crypto Account.
👉 As online forex and CFD broker that has been around for a long time, FBS is a popular choice for many traders. FBS Inc. was founded in 2009 and has since expanded in size, strength, and financial resources.
👉 FBS accepts Namibian clients and has an average spread from 0.0 pips with $6 commissions round turn. FBS has a maximum leverage ratio up to 1:3000 and there is a demo and Islamic account available. MT4, MT5, FBS Trader, and CopyTrade platforms are supported.
👉 FBS has millions of customers in over 150 countries throughout the globe. In addition, FBS offers Namibian traders the opportunity to purchase and sell over 75 different trading products spread across financial asset classes.
Unique Features
| Account Feature | Value |
| 💰 Minimum Deposit | $5 / 96 NAD |
| 📊 Average spread | from 0.7 pips |
| 💵 Commission | None |
| 📈 Leverage | Up to 1:3000 |
| 📊 Maximum opening positions | 500 |
| 💰 Order volume | from 0.01 to 500 lots (with 0.01 step) |
| 💸 Market Execution | from 0.1 sec, STP |
| 📱 Trading Platform | MetaTrader 4, MetaTrader 5, FBS Trader |
| 💻 Tradable Instruments | 36 Forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, 5 crypto pairs |
| ☪️ Swap-Free Islamic Option | Yes |
| 👉 Open an 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
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
Overview
👉 OANDA was founded in 1996, is headquartered in the United States and is regulated by IIROC, ASIC, CFTC, NFA, FCA, FFAJ, JFSA, MAS, MFSA, and BVI FSC. Overall, OANDA is considered low-risk, with proper regulation.
👉 OANDA has a maximum leverage ratio up to 1:200 and there is a demo and Islamic account available. OANDA offers three different retail trading accounts namely a Standard Account, Core Account, and a Swap-Free Account. OANDA, MT4, MT5, and TradingView platforms are supported.
👉 OANDA accepts Namibian clients and has an average spread from 0.1 pips with a $40 commission according to trading volume. In the United States, OANDA is one of the top performers in the CFTC’s Retail Forex Obligation report.
👉 In addition, OANDA ranks among the best online forex brokers due to its well-organized website, stated purpose of openness, emphasis on customer education and research, different user interfaces, and worldwide regulatory monitoring.
Unique Features
| Account Feature | Value |
| 📈 Average Spreads | Variable, from 1 pip |
| 🔎Commissions (Per 1 mil traded) | None |
| 📈 Maximum Leverage | 1:200 |
| ✴️ Minimum lot size | 0.01 lots |
| 📊 Instruments | 81 |
| 🔎Stop-Out | 50% |
| 🌐 One-Click Trading offered? | Yes |
| 📈 Strategies allowed | All |
| 📊 Base Account Currency | USD, EUR, HKD, SGD |
| 👉 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. Trade Nation
Overall Rating
- 4.7/5
Min Deposit
USD 0 / 0 NAD
Regulators
FSCA
Trading Desk
–
Crypto
Total Pairs
33
Islamic Account
No
Trading Fees
Account Activation
Overview
👉 Trade Nation used to be known as Core Spreads, and it was previously a one-person operation. Since 2014, it has risen to the top of the business for traders wishing to trade without paying large fees or commissions. Core Spreads rebranded to Trade Nation in 2019 and while the brand is still new, it is a large competitor in the forex and CFD trading arena.
👉 Trade Nation is headquartered in London and is regulated by FCA, ASIC, FSCA, and SCB. Overall, Trade Nation is considered average risk, with an overall Trust Score of 80 out of 100.
👉 Trade Nation offers one retail trading account with two live trading options namely a Low Leverage Account and a High Leverage Account.
👉 Trade Nation accepts Namibian clients and has an average fixed spread from 0.4 pips with zero commission fees. Trade Nation has a maximum leverage ratio up to 1:30 (Low Leverage Account) and 1:200 (High Leverage Account) and there is a demo account available, but no Islamic Account.
👉 Trade Nation Proprietary platforms and MetaTrader 4 are supported.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSCA |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Namibian Traders? | Yes |
| 💳 Minimum deposit (NGN) | USD 0 |
| Average spread from | Varies |
| 📈 Maximum Leverage | 1:200 |
| 👥 Customer Support | 24/5 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Trade Nation does not charge a minimum deposit, offering Namibian traders with flexibility | There is a limited selection of funding options |
| The broker offers transparent fixed financial spread trading across several asset classes | The spread costs are not the lowest in the industry |
| There is a powerful desktop platform, innovative mobile trading app, and web-based trading platform | There are leverage restrictions on the UK and Australian clients |
| There is commission-free trading offered | United States clients are not accepted |
| There is a wide selection of educational content and beginner guides as part of an all-inclusive education material package | Inactivity account fees may apply |
| There is a dedicated customer service team offered | |
| There is an active business community offered along with a dedicated affiliate program | |
| Trade Nation offers international stability through a well-established regulatory framework | |
| There is no deposit fee or withdrawal fee charged on deposit or withdrawal methods | |
| There are several base currencies to choose from when registering a retail investor account |
6. Axiory
| Account Feature | Value |
| 💸 Minimum Deposit Requirement | 160 NAD equivalent to $10 |
| 💻 Platforms Available for Account Type | MetaTrader 4, cTrader |
| 📊 Average Spread on Forex Major Pairs | 0.13 pips |
| 📈 Maximum Leverage Ratio | 1:400 |
| 💰 Commission Charges on Trades | None |
| 💵 Commissions on Stock CFDs | $0.04 per CFD with a minimum of $6 |
| 💳 Account Base Currency Options | EUR or USD |
| 📉 Negative Balance Protection Offered | Yes |
| ✔️ Is Hedging Allowed? | Yes |
| 💰 Minimum Forex Trading Volume | 0.01 lots |
| 📈 Maximum Forex Position Size | 1 Standard Lot or 100,000 |
| 💸 Maximum Open and Pending Positions | Unlimited |
| ☪️ Islamic Account Conversion Offered? | Yes |
| 💵 Access given to Axiory CopyTrade? | No |
Overview
👉 Axiory is headquartered in Belize and is regulated by IFSC Belize, FSC Mauritius, and FCA. Axiory is considered low-risk, with an overall Trust Score of 90 out of 100.
👉 Axiory offers five different retail trading accounts namely a Nano Account, Standard Account, Max Account, Tera Account, and Alpha Account and there a demo and Islamic account are available. MT4, MT5, cTrader, and Axiory CopyTrade platforms are supported. Axiory has a maximum leverage ratio up to 1:777.
👉 Axiory Accepts Namibian Clients and has an average spread from 0.13 pips with commission fees from 0.04 USD.
👉 Axiory has a fair selection of financial instruments including currency, CFD indices, energy, and metals. Low commissions, high maximum leverage ratios, and ultra-fast execution rates are just a few of the amazing features of these assets’ trading terms and conditions.
Unique features
| Account Feature | Value |
| 💸 Minimum Deposit Requirement | 160 NAD equivalent to $10 |
| 💻 Platforms Available for Account Type | MetaTrader 4, cTrader |
| 📊 Average Spread on Forex Major Pairs | 0.13 pips |
| 📈 Maximum Leverage Ratio | 1:400 |
| 💰 Commission Charges on Trades | None |
| 💵 Commissions on Stock CFDs | $0.04 per CFD with a minimum of $6 |
| 💳 Account Base Currency Options | EUR or USD |
| 📉 Negative Balance Protection Offered | Yes |
| ✔️ Is Hedging Allowed? | Yes |
| 💰 Minimum Forex Trading Volume | 0.01 lots |
| 📈 Maximum Forex Position Size | 1 Standard Lot or 100,000 |
| 💸 Maximum Open and Pending Positions | Unlimited |
| ☪️ Islamic Account Conversion Offered? | Yes |
| 💵 Access given to Axiory CopyTrade? | No |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Axiory is well-regulated by at least one Tier-1 entity | The commission fees that are charged are not the cheapest |
| Client funds are kept in segregated accounts | There are holding commissions applied to the Islamic account |
| The platforms offered for trading are user-friendly | Crypto trading is not currently supported |
| Axiory offers its proprietary CopyTrade services and solutions | |
| Demo accounts and Islamic options are available | |
| There is an ultra-low minimum deposit requirement | |
| Axiory provides access to AutoChartist and trading signals | |
| There are several account types to choose from |
7. XM
Overall Rating
- 4.7/5
Min Deposit
USD 5 / 97 NAD
Regulators
IFSC, CySec, ASIC
Trading Desk
Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform
Crypto
No
Total Pairs
57
Islamic Account
Trading Fees
No (Just spread)
Account Activation
Overview
👉 XM was founded in 2009 and has been active as a broker in more than 196 countries, and its customer care team is fluent in 30 different languages. XM is considered to be one a reliable and well-regulated broker.
👉 The broker’s primary office is located in Belize and it is granted a licence by the IFSC, but it maintains offices all over the world that are able to meet the needs of clients. These are governed by the appropriate regulatory and administrative bodies in their respective regions – FSCA, IFSC, ASIC, CySEC and DFSA.
👉 As a CFD and Forex broker for Namibian traders, XM has a strong trust score of 84 percent, and an overall rating of 9 out of 10 points. XM provides the main characteristics that customers look for, namely security, customer support, account financing, and minimum costs.
Unique Features
| Account Feature | Value |
| 📈 Base Currency Options | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, SGD, ZAR |
| 📊 Position Size | 100,000 base currency units = 1 Lot |
| 📈 Maximum Leverage Ratio | Up to 1:1000** |
| 📉 Negative Balance Protection Applied? | Yes |
| 📊 Average spread on all forex major pairs | As Low as 1 Pip |
| 💸 Commission charges | None |
| 💰 Maximum open or pending orders per trader | 300 |
| 📈 Minimum trade volume MetaTrader 4 | 0.1 lot |
| 📉 Minimum trade volume MetaTrader 5 | 0.1 lot |
| ✔️ Hedging allowed? | Yes |
| 📈 Lot Restrictions per trade | 50 lots |
| ☪️ Islamic Account offered? | Optional |
| 📉 Minimum Deposit Requirement | $5/96 NAD |
| 👉 Open an 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 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 requirement, commissions and spreads, initial deposit, 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.
The Best Forex Brokers in Namibia
👉 In this article we have listed the best Forex brokers which offer Forex Brokers with Minimum $50 Deposit to traders in Namibia. We have further identified the forex brokers that offer additional services and solutions to Namibian traders.
Best MetaTrader 4 / MT4 Forex Broker with Minimum $50 Deposit in Namibia
Overall Rating
- 4.7/5
Min Deposit
USD 0 / 0 NAD
Regulators
FSCA
Trading Desk
–
Crypto
Total Pairs
33
Islamic Account
No
Trading Fees
Account Activation
👉 Overall, Trade Nation is the best MT4 Forex Broker with Minimum $50 Deposit in Namibia. Trade Nation is also a platform with a minimal risk and an effective trading app. Trade Nation further has competitive costs, a secure trading environment and cutting-edge solutions.
Best MetaTrader 5 / MT5 Forex Broker with Minimum $50 Deposit in Namibia
Overall Rating
- 4.9/5
Min Deposit
10 USD / 186 NAD
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
Crypto
Total Pairs
107
Islamic Account
Trading Fees
Account Activation
👉 Overall, Exness is the best MT5 Forex Broker with Minimum $50 Deposit in Namibia. Exness offers dynamic and adaptable account types as well as some of the industry’s most advantageous trading conditions. Exness offers over 200 financial products.
Best Forex Brokers with Minimum $50 Deposit for beginners in Namibia
Overall Rating
- 4.7/5
Min Deposit
USD 10 / 195 NAD
Regulators
CySec, FSC, FSA, BaFin, NFA
Trading Desk
MetaTrader 4 , MetaTrader 5
Crypto
Total Pairs
50 Forex Pairs and 20 Crypto Pairs
Islamic Account
Trading Fees
Account Activation
👉 Overall, BDSwiss is the best Minimum $50 Deposit for beginners in Namibia. BDSwiss is also a well-regulated broker that has a large international clientele. It offers a diverse range of trading instruments, including forex, commodities, stocks, indices, and many cryptocurrencies.
Best Forex Brokers with Minimum $50 Deposit in Namibia
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
👉 Overall, Oanda is the best Forex Broker with Minimum $50 Deposit in Namibia. Oanda also provides competitive trading conditions, a proprietary platform that has won awards, and high-quality trading solutions.
Best ECN Forex Broker in Namibia
Overall Rating
- 4.1/5
Min Deposit
0 USD / 0 NAD
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader, TradingView
Crypto
Yes (Not available in Africa)
Total Pairs
60+
Islamic Account
Trading Fees
Account Activation
👉 Overall, Pepperstone is the best ECN forex broker in Namibia. Pepperstone is capable of handling multiple order fills, allowing them to feed bigger orders into a liquidity aggregator on numerous levels. Pepperstone is also known for its exceptional client service, research offerings, and broad platform selection.
Best Islamic / Swap-Free Forex Broker with Minimum $50 Deposit in Namibia
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
👉 Overall, HF Markets is the best Islamic/swap free forex broker with minimum $50 deposit in Namibia. HF Markets provides competitive trading conditions, retail investor accounts, client fund security, and customer support.
Best Forex Brokers with Minimum $50 Deposit Forex Trading App in Namibia
Overall Rating
- 4.7/5
Min Deposit
100 USD / 1,883 NAD
Regulators
ASIC, CySEC
Trading Desk
MetaTrader 4, MetaTrader 5, Myfxbook AutoTrade, FP Markets App
Crypto
Total Pairs
63
Islamic Account
Trading Fees
Account Activation
👉 Overall, FP Markets is the best Minimum $50 Deposit forex trading app broker in Namibia. FP Markets also provides over 10,000 products in stocks, indices, forex, commodities, and cryptocurrencies. FP Markets provides a variety of value-added services, including VPS hosting for automated trading solutions, copy trading through the MT4 Myfxbook service, and retail account management using the MT4 MAM/PAMM module.
Best Forex Brokers with Minimum $50 Deposit Lowest Spread in Namibia
Overall Rating
- 4.7/5
Min Deposit
5 USD / 93 NAD
Regulators
FSCA, IFSC, ASIC, CySEC, DFSA, FCA
Trading Desk
FBS Trader, MetaTrader 4, MetaTrader 5, CopyTrade
Crypto
Total Pairs
36
Islamic Account
No
Trading Fees
Account Activation
👉 Overall, FBS is the best Minimum $50 Deposit lowest spread Forex broker in Namibia. FBS is also a top forex and CFD broker for Namibians, offering a variety of trading accounts as well as a cutting-edge proprietary trading app. FBS charges low, competitive fees, and traders funds are safe.
Best Nasdaq 100 Forex Broker in Namibia
Overall Rating
- 4.7/5
Min Deposit
USD 5 / 97 NAD
Regulators
CySEC, SVG, FSA
Trading Desk
MT4, MT5, OctaTrader
Crypto
Total Pairs
28
Islamic Account
Trading Fees
Account Activation
👉 Overall, OctaFX is the best Nasdaq 100 forex broker in Namibia. OctaFX is also a trustworthy broker due to its low required minimum deposit, commission-free trading, and unlimited practise account.
Best Volatility 75 / VIX 75 Forex Broker with Minimum $50 Deposit in Namibia
👉 Overall, AvaTrade is the best Volatility 75 / VIX 75 Forex Broker with Minimum $50 Deposit in Namibia. AvaTrade is a CFD and FX broker that is globally regulated by financial watchdog authorities. It provides an optimal trading environment for traders of all levels, with 24-hour multilingual support desks.
Best NDD Forex Broker with Minimum $50 Deposit in Namibia
Overall Rating
- 4.7/5
Min Deposit
USD 5 / 97 NAD
Regulators
IFSC, CySec, ASIC
Trading Desk
Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform
Crypto
No
Total Pairs
57
Islamic Account
Trading Fees
No (Just spread)
Account Activation
👉 Overall, XM is the best NDD Forex Broker with Minimum $50 Deposit in Namibia. XM was founded in 2009 and has been in operation for more than 12 years. It operates in over 196 countries, has a service team that speaks 30 languages, and is one of the most trusted and well-regulated brokers.
Best STP Forex Broker with Minimum $50 Deposit in Namibia
Overall Rating
- 4.7/5
Min Deposit
$10 / 195 NAD
Regulators
IFSC, MFSC and FSC
Trading Desk
MetaTrader4, MetaTrader5, CopyTrade and cTrader
Crypto
No
Total Pairs
62
Islamic Account
Trading Fees
Account Activation
👉 Overall, Axiory is the best STP Forex Broker with Minimum $50 Deposit in Namibia. Axiory trades are executed in less than 200 milliseconds, and Namibian traders are given the best trading software that is linked to Equinix data centres. Axiory’s cTrader, MetaTrader, and the FIX API can be used to trade forex and CFDs.
Best Forex Brokers with sign up bonus in Namibia
Overall Rating
- 4.7/5
Min Deposit
100 USD / 1,862 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 Forex Broker with sign up bonus in Namibia. Tickmill provides a wide range of CFD currency, stock, commodity, and index CFDs in addition to low spreads, massive leverage, and fast execution speeds.
Understanding how Forex Brokers with Minimum $50 Deposit work
👉 Nobody becomes a professional trader on the first day of trading.
👉 Small accounts are usually the best option for beginners because they limit their risks and potential losses while allowing them to gain live training experience. Even experienced traders use small accounts to test new strategies or abilities, allowing them to recover quickly from losses.
👉 Namibian traders can gain access to some of the best forex brokers with minimal cash due to the high levels of liquidity, which greatly reduce the transaction costs and fees that traders pay when trading forex.
👉 If you are considering entering the forex trading market and looking for the best forex brokers, or if you are already working with an FX broker, one of the most important factors to consider is the minimum deposit.
Advantages of Forex Brokers with Minimum $50 Deposit
👉 Forex Brokers with Minimum $50 Deposit has several advantages. These advantages include:
➡️ Traders can use these accounts to test trading techniques
Disadvantages of Forex Brokers with Minimum $50 Deposit
👉 Forex Brokers with Minimum $50 Deposit also has some drawbacks of which traders in Namibia should take note in order to mitigate their risk of losses:
➡️ A broker’s potential for profit is directly proportional to the size of the money he or she uses for trading.
Conclusion
👉 Overall, losing trades are inevitable in forex trading therefore it is safe to risk only a small portion of your available funds. A trader should examine the proportion of his account he is willing to risk relative to his worst drawdown.
FAQ
Is $50 (800 NAD enough to start trading?
Yes, many brokers accept that amount as minimum deposit. This way beginners can learn how to trade and hone their trading skills, without losing a large investment.
How much money can you make when you trade with a deposit of $50?
While you can make money, your profit will only be proportional to the amount of money you put up for trading.
Can you deposit more than the required minimum deposit with these brokers?
Yes, you can deposit any amount as long as it covers the minimum as required.
What are the advantages of trading with a broker that requires higher deposits?
There are several advantages, including having access to more services.
Can you trust all forex brokers that require small deposits?
No, when you join a brokerage firm, make sure that it is properly licenced and regulated by a reputable authority.
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