Forex Brokers Namibia
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Forex Brokers Namibia

8 Best ECN Forex Brokers in Namibia

The 8 Best ECN Brokers in Namibia revealed. We tested and verified the best ECN forex brokers for Namibian Traders.

This is a complete list of True ECN forex brokers operating in Namibia. 

In this in-depth guide you’ll learn:

  • What are (Electronic Communication Network) ECN Brokers?
  • Who are the top ECN Forex Brokers for Namibians with MT4/Metatrader 4?
  • How do you choose the best forex broker for your trading experience?
  • Which ECN brokers offer a  Namibian Dollar (NAD) trading account?
  • Which ECN brokers offer a low minimum deposit of $5 (86 NAD)?
  • Which ECN Brokers offer trading apps?
  • Which ECN Brokers offer a sign-up bonus to first-time traders?
  • Best low spread forex broker for beginners Namibian Traders?

And lots more…

So if you’re ready to go “all in” with the Top ECN Forex Brokers for Namibians…

Let’s dive right in…

Updated : December 8, 2023

8 Best ECN Forex Brokers in Namibia – Comparison 

🥇 Broker🎉 Open An Account✔️ ECN Forex Broker?💵 Minimum DepositAllows Namibian Traders?
1. PepperstoneOpen AccountYes0 USD / 0 NADYes
2. ExnessOpen AccountYes10 USD / 188 NADYes
3. HF MarketsOpen AccountYes0 USD / 0 NADYes
4. FXTMOpen AccountYes10 USD / 188 NADYes
5. OctaOpen AccountYes25 USD / 470 NADYes
6. TickmillOpen AccountYes100 USD / 1,883 NADNo
7. IC MarketsOpen AccountYes200 USD / 3722 NADYes
8. FP MarketsOpen AccountYes100 USD / 1861 NADNo

What is an ECN Forex broker?

A broker in the ECN market mediates deals between investors in the foreign exchange and stock markets using electronic communication networks.

 

Reduced spreads between buy and sell prices are a common benefit of using an ECN broker because the broker compiles quotes from several dealers.

Top 10 Brokers

Broker

Rating

Regulators

Min Deposit

Leverage

Sign Up Bonus

Spreads

Website

1

9/10

FSCA, FSA, CySEC, FCA, CBCS, FSC (BVI), FSC

$10

1:Unlimited

10%

0.1 pips

2

8/10

ASIC, FSA

$100

1:400

40 USD

0.91 pips

3

8/10

FCA, ASIC, FSCA, SCB

$0

1:200

1000 Points

0.4 pips

4

7.8/10

CySEC, FSC, CFTC

$5

1:500

30 USD

1 pips

5

7.7/10

FSA, FSCA

$100

1:200

20 USD

0.9 pips

6

7.6/10

FSA, CySec

$1

1:3000

30 USD

0.3 pips

7

8/10

IFSC, CySEC

$100

1:3000

100 USD

0 pips

8

7/10

FSC, IFSC, MFSC

$10

1:400

50%

0.4 pips

9

7.9/10

IIROC, ASIC, CFTC, NFA, FCA, FFAJ, MAS, MFSA

$0

1:200

1000 USD

0.2 pips

10

7.6/10

CySec, FSC, FSA, BaFin, NFA

$100

1:200

30%

1.5 pips

Top 10 Brokers

Broker

Deposit

Leverage

Website

1

$10

1:Unlimited

2

$100

1:400

3

$0

1:200

4

$5

1:500

5

$100

1:200

6

$100

1:3000

7

$100

1:3000

8

$10

1:400

9

$0

1:200

10

$100

1:200

8 Best ECN Forex Brokers in Namibia (2024)

  1. Pepperstone – Overall, Best ECN Forex Broker in Namibia
  2. Exness – Authorized By Several Reputable Market Regulators
  3. HF Markets – Low Minimum Deposit for Namibian Brokers
  4. FXTM – Commission-Free Trading is Offered
  5. Octa – Accepts Hedging and Scalping Strategies
  6. Tickmill – Well-regulated in Several Regions, Including Namibia
  7. IC Markets – Deposits and Withdrawals Are Free
  8. FP Markets – Offers Educational Material for Beginner Traders

1. Pepperstone

Pepperstone review

 

Though it lacks a traditional “dealing desk,” Pepperstone has established itself as a leading ECN broker in the industry. Pepperstone can also benefit from its STP (straight-through-processing) methods.

 

Overall Rating

Min Deposit

200 AUD / 2,500 NAD

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Desk

TradingView, MetaTrader 4, MetaTrader 5, cTrader, Capitalise.ai

Crypto

Yes (Not available in Africa)

Total Pairs

60+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pepperstone is a leading ECN Forex broker with competitive spreads. Pepperstone is ideally suited for usage with electronic communication networks (ECNs) due to its lightning-fast execution speed and tight spreads. Popular trading platforms like MetaTrader 4, MetaTrader 5, and cTrader are supported by Pepperstone.

 

Pepperstone Overview

💵 Minimum Deposit200 AUD / 2,500 NAD
✔️ Deposit CurrenciesAUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD
🔎 Trading PlatformsTradingView, MetaTrader 4, MetaTrader 5, cTrader, Capitalise.ai
📊 Starting spreadVariable, from 0.0 pips EUR/USD
💰 Minimum Commission per TradeFrom AU$7
📈 Demo AccountYes
⚖️ Non-expiring DemoNo, only if you have a funded live account
⏰ Demo Duration30 days if a live account is not registered
🎉 Open AccountOpen Account

 

Pepperstone - ECN

 

Pros and Cons

✔️ Pros❌ Cons
Namibian traders are given access to powerful and user-friendly trading platformsThere is no NAD-denominated account for Namibian traders
Pepperstone offers competitive trading conditions and trading accounts that suit all types of tradersThere are restrictions on the countries that can access the Pepperstone Islamic Account
Namibians can expect award-winning customer support in several languagesAdditional admin fees apply to the Islamic account
There are several flexible account funding and withdrawal options offeredThere are leverage restrictions applied to certain regions
Pepperstone is well-regulated and guarantees client fund securityNegative balance protection is limited to certain regions
There is a decent selection of trading tools for advanced Namibian traders
Social trading opportunities are offered
There are no fees charged on deposits

 

2. Exness

Exness review

 

Among Namibian forex brokers, Exness is ranked highly. Every month, the corporation generates revenues of $325.8 billion (USD).

 

Overall Rating

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

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Using the company’s CFD platform, traders may make predictions of costs of more than 120 different currency pairs, as well as energy and metals. Exness offers Namibian traders several benefits, including minimal costs, quick withdrawals, and immediate order execution.

 

Exness Overview

Account FeatureValue
💻 Trading PlatformsMetaTrader mobile, Exness Trade App, Exness Terminal, MetaTrader 5, MT4, MetaTrader WebTerminal
💳 Minimum DepositUSD 10 / 185 NAD
🔎 Trading AccountsStandard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account
📊 SpreadVariable, from 0.0 pips
💰 CommissionsFrom $0.1 per side, per lot
📈 Maximum LeverageUnlimited
⚖️ RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA
🎉 Open AccountOpen Account

 

Exness - ECN

 

Pros and Cons

✔️ Pros❌ Cons
Exness is a reputable international broker authorized by several reputable market regulatorsThere is a limited selection of tradable instruments in only a few financial markets
The broker offers some of the tightest spreads across all types of accountsThere is a limited selection of funding options offered
There are several account types to choose from, each accommodating different types of traders
There are various market metrics available including exchange rates, overall trading activities available, current market conditions, and more.
Exness is ideal for any Namibian beginner traders and institutional investors
There are solutions offered for any type of professional trader who needs advanced options
There is a powerful proprietary mobile app offered
Client fund safety and investor protection is guaranteed
Multilingual 24/7 customer support is offered
Instant withdrawal methods are available

 

3. HF Markets

HF Markets review

 

As a commodities and foreign exchange (Forex) broker, HF Markets was founded in 2010.

 

The HF App, which enables Namibian traders to access their accounts and a variety of trading tools, news, and financial analysis, makes HF Markets stand apart from the competition. As a client of HF Markets, you will have access to more tradable assets than you would with other brokers, including specialized CFDs.

 

Overall Rating

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

Yes

Trading Fees

Low

Account Activation

24 Hours

 

950 individual stock direct market access (DMA) orders, more than 53 exchange-traded funds (ETFs), 53 currency pairs (FX), share contract for difference (CFD), commodity, and bond CFDs are all available for trading.

 

HFM Overview

💵 Minimum Deposit0 USD / 0 NAD
✔️ Deposit CurrenciesUSD, AED, EUR, GBP, CHF, JPY, NZD, CAD, ZAR, and more.
🔎 Trading PlatformsMetaTrader 4, MetaTrader 5, HF App
📊 Starting spread0.0 pips
💰 Minimum Commission per TradeFrom $6 per round turn on Forex
📈 Demo AccountYes
⚖️ Non-expiring DemoYes
⏰ Demo DurationUnlimited
🎉 Open AccountOpen Account

 

HFM - ECN

 

Pros and Cons

✔️ Pros❌ Cons
Well-regulated in several global regionsThere are no variable spread accounts
Offers some of the lowest spreads in the forex market on major currency pairsThere is a limited selection of funding options and withdrawal methods.
There are several account types to choose from
HotForex accommodates all types of traders despite their trading strategies
Low minimum deposit requirement
Beginner traders and professional investors are both welcome
Educational tools, advanced trading tools, and several other comprehensive solutions are offered
There is a comprehensive market analysis offered
Technical analysis and fundamental analysis offered

 

4. FXTM

FXTM review

 

Over 800 individuals are now employed by FXTM, which was founded in 2011 and has ten global centers. On FXTM Invest, also known as a strategy provider directory, new traders or followers in Namibia can choose from a list of suggested traders.

 

Followers can register an account to copy the trades of other Strategy Providers for just $100.

 

Overall Rating

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

 

Namibian traders who use FXTM Invest to execute trades split the gains, but Strategy Providers make more money by making their clients successful.

 

FXTM Overview

Account FeatureValue
💻 Trading PlatformsMetaTrader 4, MetaTrader 5, FXTM Trader
💳 Minimum Deposit10 USD / 188 NAD
🔎 Trading AccountsMicro Account, Advantage Account, Advantage Plus Account
📊 Spread0.0 pips EUR/USD
💰 Commissionsfrom $0.40 to $2 per $100K
📈 Maximum Leverage1:2000
⚖️ RegulationCySEC, FSCA, FCA, CMA, FSC Mauritius
🎉 Open AccountOpen Account

 

FXTM

 

Pros and Cons

✔️ Pros ❌ Cons
FXTM is a multi-regulated and a reputable broker that has gained a high level of trustworthinessInactivity fees apply when the retail investor account becomes dormant
Dedicated customer support offered for Namibian traders
Several deposit options and withdrawal methods offered
There is a low minimum deposit requirement
Commission-free trading is offered
Deposit fees are not charged on any payment methods
Withdrawal processing times are quick
There are several educational tools offered
There is an exclusive risk management tool offered

 

5. Octa

Octa review

 

Octa is one of the few forex brokers in Namibia that provides customers with access to both the MetaTrader and cTrader platforms.

 

Overall Rating

Min Deposit

25 USD / 470 NAD

Regulators

CySEC, SVG, FSA

Trading Desk

MT4, MT5, OctaTrader

Crypto

Yes

Total Pairs

28

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

On all Octa platforms, market execution is provided, allowing for scalping, hedging, the use of Expert Advisors, and the deployment of customized technical indicators. Besides the MT4 platform, a VPS is also offered.

 

Octa Overview

Account FeatureValue
💻 Trading PlatformsMetaTrader 4, MetaTrader 5, OctaFX App, CopyTrade App
💳 Minimum Deposit25 USD / 470 NAD
🔎 Trading AccountsOcta MT4, Octa MT5, OctaTrader
📊 Spread0.6 pips
💰 CommissionsNone
📈 Maximum Leverage1:500
⚖️ RegulationCySEC, SVG FSA
🎉 Open AccountOpen Account

 

Octa

 

Pros and Cons

✔️ Pros❌ Cons
Fixed spread accounts are offered to retail tradersUS clients are restricted
The broker accepts hedging and scalping strategiesThere are only a few financial markets that can be traded
Negative balance protection is applied to retail investor accounts
The broker is well-regulated and has a decent trust score
There is commission-free trading

 

6. Tickmill

Tickmill review

 

Tickmill has grown tremendously since its launch in 2014, accommodating more than 110,000 traders and a monthly trading volume of more than USD 120 billion.

 

Tickmill is a renowned ECN broker with a global reach. Both the Financial Services Authority (FSA) of the Seychelles and the Financial Conduct Authority (FCA) of the UK oversee their regulation.

 

Overall Rating

Min Deposit

100 USD / 1,900 NAD

Regulators

Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA

Trading Desk

MT4, MT5, Tickmill Mobile

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

The main markets on which Tickmill’s retail and institutional clients can trade include forex, stock indices, commodities, contracts for difference (CFDs), and precious metals.

 

Tickmill Overview

💵 Minimum Deposit100 USD / 1,900 NAD
✔️ Deposit CurrenciesUSD, EUR, GBP, ZAR, IDR, CNY
🔎 Trading PlatformsMetaTrader 4, MetaTrader 5, Tickmill Mobile App
📊 Starting spreadFrom 0.0 pips
💰 Minimum Commission per Trade$1 per side, per standard lot traded
📈 Demo AccountYes
⚖️ Non-expiring DemoYes
⏰ Demo DurationUnlimited
🎉 Open AccountOpen Account

 

Tickmill

 

Pros and Cons

✔️ Pros❌ Cons
The broker offers commission-free trading across financial instrumentsThe broker does not accept clients from the United States and some other regions
There are powerful trading platforms to choose fromFixed spread accounts are not offered
The broker is well-regulated in several regions
There is a selection of popular financial instruments that can be traded
There are several advanced trading tools offered

 

7. IC Markets

IC Markets review

 

IC Markets is a reputable and long-standing online trading broker with its headquarters in Sydney, Australia (Regulated by ASIC). At IC Markets, traders have a choice of three excellent trading platforms.

 

The availability of not one, but three trading platforms provides traders with a wealth of tools and analysis techniques.

 

Overall Rating

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

 

The brokerage offers access to more than 80 different products, including CFDs on indices, equities, commodities, and futures as well as Bitcoin, Ethereum, and other significant cryptocurrencies. The foreign exchange selection at IC Markets is extensive.

 

IC Markets Overview

FeatureInformation
⚖️ RegulationFSA, CySEC, ASIC
📲 Social Media PlatformsInstagram, Facebook, Twitter, YouTube, LinkedIn, Telegram
💻 Trading AccountscTrader, Raw Spread, Standard Account
📱 Trading PlatformMT4, MT5, WebTrader, cTrader, Mobile
💳 Minimum Deposit (NAD)200 USD / 3,766 NAD
💵 Trading AssetsCurrencies, Stocks, CFDs on Commodities, Futures, Bonds, and Digital assets
📊 Minimum spread0.0 pips
💻 Demo AccountYes
☪️ Islamic AccountYes
🎉 Open An AccountOpen Account

 

IC Markets

 

Pros and Cons

✔️ Pros❌ Cons
IC Markets is a well-regulated and high trust broker that offers competitive trading conditionsThere could be a currency conversion fee when traders deposit in NAD
Namibian traders can choose from three powerful trading platformsNamibian traders cannot use NAD as a base account currency
There is an impressive selection of tradable instrumentsThere are no proprietary trading platforms offered
The deposits and withdrawals with IC Markets are free
There is no inactivity fee charged on dormant accounts
IC Markets uses a true ECN model that provides Namibian traders with the best trading environment
There is a large selection of useful tools for experienced traders
There is support for social and copy trading offered

 

8. FP Markets

FP Markets review

 

When comparing forex trading platforms, the ECN account from FP Markets stands out because of the competitive pricing it provides. For Forex and CFD traders, FP Markets offers a versatile and affordable MetaTrader platform, but it lacks the market leaders’ research and teaching materials.

 

Overall Rating

Min Deposit

100 AUD / 1,200 NAD

Regulators

ASIC, CySEC, CMA, FSCA

Trading Desk

MT4, MT5, IRESS, cTrader, FP Markets App

Crypto

Yes

Total Pairs

63

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Due to its MetaTrader offering, FP Markets is one of the most affordable brokers in the world when it comes to commission-based ECN accounts. The more expensive Iress ViewPoint account is intended for frequent, high-volume traders.

 

FP Markets Overview

Account FeatureValue
💻 Trading PlatformsMetaTrader 4, MetaTrader 5, Myfxbook AutoTrade, FP Markets App
💳 Minimum Deposit100 USD / 1861 NAD
🔎 Trading AccountsStandard, Raw
📊 SpreadFrom 0.0 pips
💰 CommissionsUSD $3 per side
📈 Maximum Leverage500:1
⚖️ RegulationASIC, CySEC, CMA, FSCA
🎉 Open AccountOpen Account

 

FP Markets

 

Pros and Cons

✔️ Pros❌ Cons
FP Markets is well-regulated by a Tier-1 and Tier-2 market regulators, which means that Namibian traders are dealing with a legit brokerThere are additional fees that apply to Swap-free accounts
There is a massive range of markets across several asset classesThere is no NAD-denominated account
There are powerful and user-friendly trading platforms that can be used across different devicesWithdrawal fees are charged on most payment methods
There is reliable and fast trade execution through the Equinix servers
There are commission-free accounts offered
There are designated Islamic accounts offered to Muslim traders
FP Makers offers beginner Namibian traders a range of educational materials
There are a plethora of deposit methods and withdrawal options to choose from

 

How to choose a Forex Broker in Namibia

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 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.

The Best Forex Brokers in Namibia

In this article, we have listed the best Forex brokers that offer Forex Brokers to traders in Namibia. We have further identified the forex brokers that offer additional services and solutions to Namibian traders.

 

Best Forex Brokers MetaTrader 4 / MT4 Forex Broker in Namibia

Overall Rating

Min Deposit

USD 0 / 0 NAD

Regulators

FCA, ASIC, FSCA, SCB

Trading Desk

MetaTrader 4, Trade Nation proprietary platform

Crypto

Yes

Total Pairs

33

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Overall, Trade Nation is the best MT4 forex broker in Namibia. Trade Nation also has an effective trading app. Trade Nation further has competitive costs, a secure trading environment, and cutting-edge solutions.

 

Best Forex Brokers MetaTrader 5 / MT5 Forex Broker in Namibia

Overall Rating

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

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, Exness is the best MT5 forex broker 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, several retail account types, and a wealth of resources.

 

Best Forex Brokers Forex Broker for beginners in Namibia

Overall Rating

Min Deposit

USD 10 / 195 NAD

Regulators

CySec, FSC, FSA, BaFin, NFA

Trading Desk

MetaTrader 4 , MetaTrader 5

Crypto

Yes

Total Pairs

50 Forex Pairs and 20 Crypto Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, BDSwiss is the best forex broker 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 Minimum Deposit Forex Broker in Namibia

Overall Rating

Min Deposit

0 USD / 0 NAD

Regulators

FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA

Trading Desk

MetaTrader 4, OANDA Platform, TradingView

Crypto

Yes

Total Pairs

45

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, Oanda is the best minimum deposit forex broker in Namibia. Oanda also provides competitive trading conditions, a proprietary platform that has won awards, and high-quality trading solutions. Professionals and novices alike can use OANDA’s platform to access a wide range of indicators and charting tools.

 

Best Forex Brokers ECN Forex Broker in Namibia

Overall Rating

Min Deposit

200 AUD / 2,500 NAD

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Desk

TradingView, MetaTrader 4, MetaTrader 5, cTrader, Capitalise.ai

Crypto

Yes (Not available in Africa)

Total Pairs

60+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, Pepperstone is the best ECN forex broker in Namibia. Pepperstone is capable of handling multiple order fills, allowing it to feed bigger orders into a liquidity aggregator on numerous levels. Orders placed by clients are filled on a “market execution” basis without requotes, with the possibility of positive or negative slippage, and without broker interference.

 

Best Forex Brokers Islamic / Swap-Free Forex Broker in Namibia

Overall Rating

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

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, HF Markets is the best Islamic/swap-free forex broker in Namibia. HF Markets, formerly HotForex, is a low-risk CFD and forex broker that provides competitive trading conditions, retail investor accounts, client fund security, and customer support. HF Markets’ retail investor accounts are appropriate for both novice and expert traders.

 

Best Forex Brokers Forex Trading App in Namibia

Overall Rating

Min Deposit

100 AUD / 1,200 NAD

Regulators

ASIC, CySEC, CMA, FSCA

Trading Desk

MT4, MT5, IRESS, cTrader, FP Markets App

Crypto

Yes

Total Pairs

63

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, FP Markets is the best forex trading app broker in Namibia. FP Markets provides over 10,000 products in stocks, indices, forex, commodities, and cryptocurrencies, as well as an easy-to-use mobile app and a variety of account types. 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 Lowest Spread Forex Broker in Namibia

Overall Rating

Min Deposit

95 NAD / 5 USD 

Regulators

IFSC, CySEC, ASIC, FSCA 

Trading Desk

FBS Trader, MetaTrader 4, MetaTrader 5

Crypto

Yes

Total Pairs

36

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Overall, FBS is the best 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 can rest assured that their clients’ funds are safe.

 

Best Forex Brokers Nasdaq 100 Forex Broker in Namibia

Overall Rating

Min Deposit

25 USD / 470 NAD

Regulators

CySEC, SVG, FSA

Trading Desk

MT4, MT5, OctaTrader

Crypto

Yes

Total Pairs

28

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, Octa 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 practice account. OctaFX’s mission is to keep trading costs as low as possible through the utilization of STP (Straight Through Processing) and ECN models.

 

Best Forex Brokers Volatility 75 / VIX 75 Forex Broker in Namibia

Overall Rating

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

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, AvaTrade is the best Volatility 75 / VIX 75 forex broker 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 Forex Brokers NDD Forex Broker in Namibia

Overall Rating

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

Yes

Trading Fees

No (Just spread) 

Account Activation

24 Hours

 

Overall, XM is the best NDD forex broker 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. XM also provides strong security, superior customer service, account financing, and low fees.

 

Best Forex Brokers STP Forex Broker in Namibia

Overall Rating

Min Deposit

$10 / 195 NAD

Regulators

IFSC, MFSC and FSC

Trading Desk

MetaTrader4, MetaTrader5, CopyTrade and cTrader

Crypto

No

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, Axiory is the best STP forex broker 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 centers. Axiory’s cTrader, MetaTrader, and the FIX API can be used to trade forex and CFDs.

 

Best Forex Brokers sign up bonus Broker in Namibia

Overall Rating

Min Deposit

100 USD / 1,900 NAD

Regulators

Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA

Trading Desk

MT4, MT5, Tickmill Mobile

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, Tickmill is the best sign-up bonus broker in Namibia. Tickmill’s VIP and Pro accounts also offer very appealing commission-based pricing. Tickmill provides a wide range of CFD currency, stock, commodity, and index CFDs in addition to low spreads, massive leverage, and fast execution speeds.

Conclusion

In Conclusion the Best ECN Forex Brokers are Pepperstone, Exness, HF Markets, FXTM, Tickmill, IC Markets, FP Markets, Octa.

 

ECN Forex brokers offer traders in Namibia direct market access for superior pricing and lightning-speed trade execution. Novice Forex traders are advised to undergo the required Forex education and training before participating in ECN trading.

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Frequently Asked Questions

Is an ECN Forex broker better?

A true ECN broker will provide you with greater discretion when trading. Since this is the case, you can make the most of the current market situation. You’ll be able to make impartial business decisions as well. Fast execution times and low spreads are two further ways in which ECN brokers can boost your profits.

 

How do ECN brokers in Namibia make money?

The foreign exchange broker takes a commission or spread for each trade they complete.

 

Are there true ECN Forex brokers?

Yes. One of the most rapidly developing types of Forex broker is the Electronic Communication Network broker. In a nutshell, Electronic Communication Network (ECN) Forex brokers facilitate an exchange where buyers and sellers can make competing offers.

 

How do I verify my ECN Forex broker in Namibia?

When dealing with a true ECN broker, you can expect a transparent platform where dealers, banks, and other financial institutions can place bids and offers against one another. If you cannot locate such a platform, it likely, that the broker you are working with is not a legitimate ECN provider.

 

Is an ECN broker a market maker?

No, and the ECN broker is not a market maker, which sets their prices on trading positions.

9.3/10 - (13 votes)