Namibian Dollar Forex Trading Accounts
Scam Forex Brokers in 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.
The 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 to 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 $5 (86 NAD) minimum deposit?
- Which ECN Brokers offer trading apps?
- Which ECN broker offers local offices in Nairobi, Namibia?
- 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…
- Louis Schoeman
8 Best ECN Forex Brokers in Namibia – Comparison
| 🥇 Broker | ✔️ ECN Forex Broker? | 💵 Minimum Deposit | Allows Namibian Traders? | 👉 Open Account |
| 1. Pepperstone | Yes | USD 5 / 80 NAD | Yes | 👉 Open Account |
| 2. Exness | Yes | USD 1 / 17 NAD | No | 👉 Open Account |
| 3. HF Markets | Yes | USD 5 / 80 NAD | No | 👉 Open Account |
| 4. FXTM | Yes | USD 5 / 80 NAD | Yes | 👉 Open Account |
| 5. Tickmill | Yes | USD 5 / 80 NAD | No | 👉 Open Account |
| 6. IC Markets | Yes | USD 200 / 3 442 NAD | No | 👉 Open Account |
| 7. FP Markets | Yes | USD 100 / 1 721 NAD | No | 👉 Open Account |
| 8. OctaFX | Yes | USD 5 / 80 NAD | Yes | 👉 Open Account |
8 Best ECN Forex Brokers in Namibia Summary
- Pepperstone – Overall, Best ECN Forex Broker in Namibia
- Exness – Authorized By Several Reputable Market Regulators
- HF Markets – Low Minimum Deposit for Namibian Brokers
- FXTM – Commission-Free Trading is Offered
- OctaFX – Accepts Hedging and Scalping Strategies
- Tickmill – Well-Regulated in Several Regions, Including Namibia
- IC Markets – Deposits and Withdrawals Are Free
- FP Markets – Offers Educational Material for Beginner Traders
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.
1. Pepperstone
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
Overview
👉 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.
👉 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.
Unique Features
| Account Feature | Value |
| 💰 Minimum Deposit | USD 0 / 0 NAD |
| 💸 Minimum Trading Size | 0.01 lots |
| 📉 Maximum Trading Size | 100 lots in a single trade |
| 💰 Base Account Currency | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD |
| 💵 Trading Strategies Supported | All including scalping, hedging, and Expert Advisors (EAs) |
| 🗞 News Trading Offered? | Yes |
| ✔️ Trade Execution | No-Dealing Desk (NDD) |
| 📊 Average EUR/USD Spread | From 0.6 pips |
| 💵 Commissions | None |
| 💰 Rollover Swaps | Yes, according to the market rates |
| 📊 Maximum Leverage per region | • Australia – 1:30 • Bahamas – 1:200 • Cyprus – 1:30 • Dubai – 1:30 • Germany – 1:30 • Kenya – 1:400 • United Kingdom – 1:30 |
| ⚖️ Negative Balance Protection Offered | Yes, only for retail clients |
| 🛑 Margin Close-Out (%) | 50% |
| 🔧 Trading Instruments offered | 1,200+ |
| 💻 Trading Platforms offered | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Namibian traders are given access to powerful and user-friendly trading platforms | There is no NAD-denominated account for Namibian traders |
| Pepperstone offers competitive trading conditions and trading accounts that suit all types of traders | There are restrictions on the countries that can access the Pepperstone Islamic Account |
| Namibians can expect award-winning customer support in several languages | Additional admin fees apply to the Islamic account |
| There are several flexible account funding and withdrawal options offered | There are leverage restrictions applied to certain regions |
| Pepperstone is well-regulated and guarantees client fund security | Negative 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
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
👉 Among Namibian forex brokers, Exness is ranked highly. Every month, the corporation generates revenues of $325.8 billion (USD).
👉 Using the company’s CFD platform, traders may make predictions about the future costs of more than 120 different currency pairs, as well as energy and metals. Exness offers Namibian traders a number of benefits, including minimal costs, quick withdrawals, and immediate order execution.
Unique Features
| Feature | Information |
| ⚖️ Regulation | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA |
| ✅ CBN Regulation? | No |
| 📊 Trading Accounts | Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account |
| 💻 Trading Platform | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app |
| 💰 Minimum Deposit (NAD) | 10 USD / 186 NAD |
| 💵 Trading Assets | Forex minor pairs, forex major pairs, forex exotic currency pairs, Metals, Crypto, Energies, Indices, Stocks |
| 🔎 Namibian-based Account? | No |
| 💳 NAD Deposits Allowed? | Yes |
| 💰 Bonuses for Namibian traders? | Yes |
| 📈 Minimum spread | 0.0 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✔️ Social Trading Offered | No |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Exness is a reputable international broker authorized by several reputable market regulators | There 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 accounts | There 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
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
👉 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 specialised CFDs.
👉 950 individual stock direct market access (DMA) orders, more than 53 exchange-traded funds (ETFs), and 53 currency pairs (FX), share contract for difference (CFD), commodity, and bond CFDs are all available for trading.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 💻 CBN Regulation? | No |
| 📊 Trading Accounts | Cent Account, Premium Account, Zero Account, Pro Account |
| 📈 Trading Platform | MetaTrader 4, MetaTrader 5, HFM App |
| 💰 Minimum Deposit (NAD) | 0 USD / 0 NAD |
| 💵 Trading Assets | Forex Currency Pairs, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs |
| 🔎 Namibian Naira-based Account? | No |
| 💳 NAD Deposits Allowed? | No |
| 💰 Bonuses for Namibian traders? | Yes |
| 📈 Minimum spread | 0.0 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated in several global regions | There are no variable spread accounts |
| Offers some of the lowest spreads in the forex market on major currency pairs | There 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
Overall Rating
- 4.6/5
Min Deposit
10 USD / 188 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
Overview
👉 Over 800 individuals are now employed by FXTM, which was founded in 2011 and has ten global centres. 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.
👉 Namibian traders who use FXTM Invest to execute trades split the gains, but Strategy Providers make more money by making their clients successful.
Unique Features
| Feature | Information |
| ⚖️ Regulation | CySec, FSC |
| ✅ CBN Regulation? | No |
| 📊 Trading Accounts | Micro Account, Advantage Account, Advantage Plus Account |
| 💻 Trading Platform | MetaTrader 4, MetaTrader 5, FXTM Trader |
| 💰 Minimum Deposit (NAD) | 10 USD / 186 NAD |
| 💵 Trading Assets | Precious Metals, Stock Trading, Stock CFDs, Indices, Forex Indices, Forex Currency Pairs (including minor, major, and exotic pairs), Commodities, Stock Baskets |
| 🔎 Namibian-based Account? | Yes |
| 💳 NAD Deposits Allowed? | Yes |
| 💰 Bonuses for Namibian traders? | Yes |
| 📈 Minimum spread | 0.0 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✔️ Social Trading Offered | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FXTM is a multi-regulated and a reputable broker that has gained a high level of trustworthiness | Inactivity 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. OctaFX
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
Overview
👉 OctaFX is one of the few forex brokers in Namibia that provides customers with access to both the MetaTrader and cTrader platforms.
👉 On all OctaFX platforms, market execution is provided, allowing for scalping, hedging, the use of Expert Advisors, and the deployment of customised technical indicators. Besides the MT4 platform, a VPS is also offered.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSA SVG, CySEC |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Namibian Traders? | Yes |
| 💳 Minimum deposit (NGN) | USD 5 / 97 NAD |
| Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:500 |
| 👥 Customer Support | 24/5 |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Fixed spread accounts are offered to retail traders | US clients are restricted |
| The broker accepts hedging and scalping strategies | There 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
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
Overview
👉 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.
👉 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.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSA, FCA, CySEC, Labuan FSA, FSCA |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Namibian Traders? | Yes |
| 💳 Minimum deposit (NGN) | 1851 NAD / $100 |
| Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:500 |
| 👥 Customer Support | 24/5 |
| 👉 Open an Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| The broker offers commission-free trading across financial instruments | The broker does not accept clients from the United States and some other regions |
| There are powerful trading platforms to choose from | Fixed 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
Overall Rating
- 4.7/5
Min Deposit
200 USD / 3,766 NAD
Regulators
FSA, CySEC, ASIC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 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.
👉 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.
Unique Features
| Account Feature | Value |
| 💻 Trading Platform | cTrader |
| 💸 Commission | $3 per side and $6 per round turn |
| 📊 Typical Average Spreads | 0.0 pips |
| 💵 Minimum Deposit Requirement | $200 / 3,844 NAD |
| 📈 Leverage | 1:500 |
| 📱 Maximum positions per account | 2,000 |
| 📍 Server Location | London |
| 💳 Micro trading allowed? | Yes |
| 📉 Currency Pairs | 64 |
| 📊 Index CFD Trading | Yes |
| 📞 Margin Call | 100% |
| 🛑 Stop-out | 50% |
| 👆 One-Click Trading offered? | Yes |
| ☪️ Islamic Accounts | Yes |
| ✔️ Trading Styles accepted | Scalping, hedging, expert advisors, algorithmic strategies, etc. |
| 👥 Programming Language | C# |
| ✔️ Suitable for | Day traders, scalpers, active traders |
| 💵 Demo Account offered? | Yes |
| 👉 Open an account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| IC Markets is a well-regulated and high trust broker that offers competitive trading conditions | There could be a currency conversion fee when traders deposit in NAD |
| Namibian traders can choose from three powerful trading platforms | Namibian traders cannot use NAD as a base account currency |
| There is an impressive selection of tradable instruments | There 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
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
Overview
👉 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.
👉 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.
Unique Features
| Account Feature | Value |
| 💰 Minimum Deposit | $100 /1870 NAD |
| 📊 Average Spreads | Variable, from 1 pip |
| ✔️ Instruments Available | 60+ Forex pairs, metals, indices, commodities |
| 📈 Maximum Leverage Ratio | 1:500 |
| 📱 Execution Type | ECN |
| 💵 Commissions | None |
| 👥 Expert Advisors Offered? | Yes |
| 📲 Mobile App Offered? | Yes |
| ✔️ VPS Available? | Yes |
| 🎉 Trading Platform | MetaTrader 4, MetaTrader 5 |
| 👉 Open Account | 👉 Open Account |
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 broker | There are additional fees that apply to Swap-free accounts |
| There is a massive range of markets across several asset classes | There is no NAD-denominated account |
| There are powerful and user-friendly trading platforms that can be used across different devices | Withdrawal 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
👉 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 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
- 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 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
- 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 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
- 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 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, 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
- 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. 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
- 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 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
- 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 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
- 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 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
- 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. OctaFX’s mission is to keep trading costs as low as possible through the utilisation of STP (Straight Through Processing) and ECN models.
Best Forex Brokers Volatility 75 / VIX 75 Forex Broker in Namibia
Overall Rating
- 4.9/5
Min Deposit
100 USD / 1,883 NAD
Regulators
Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
Trading Desk
AvaTradeGO, AvaOptions, AvaSocial, MT4, MT5, DupliTrade, ZuluTrade
Crypto
Total Pairs
55+
Islamic Account
Trading Fees
Account Activation
👉 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
- 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 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
- 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 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 sign up bonus Broker 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 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
👉 Overall, ECN Forex brokers offer traders in Namibia with direct market access for superior pricing and lighting-speed trade execution. Novice Forex traders are advised to undergo the required Forex education and training before participating in ECN trading.
FAQ
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 is likely that the broker you are working with is not a legitimate ECN provider.
Is an ECN broker a market maker?
No, and ECN broker is not a market maker, which set their own prices on trading positions.
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