9 Best Forex Trading Apps in Namibia
The 9 Best Trading Apps in Namibia revealed. We tested the best forex trading apps for Namibia Traders.
This is a complete guide to forex trading apps in Namibia.
In this in-depth guide you’ll learn:
- What is a Trading App?
- What is the difference between forex and stock trading apps?
- How to compare the best mobile apps against each other.
- Which Trading Apps are best for beginner Namibia Traders?
- Which trading app offers a sign-up bonus for first-time traders in Namibia?
- Best stock trading mobile apps
- Which trading app offers a mobile app on IOS and Android for Namibia Traders?
And lots more…
So if you’re ready to go “all in” with the best-tested forex trading apps…
Let’s dive right in…
- Kayla Duvenage
9 Best Forex Trading Apps in Namibia – Comparison
| 🥇 Broker | 👉 Open Account | ✔️ Offers Trading App? | 💰 Compatible with IOS? | 💸 Compatible with Android? |
| 1. thinkorswim Mobile | 👉 Open Account | Yes | Yes | Yes |
| 2. HFM | 👉 Open Account | Yes | Yes | Yes |
| 3. XM | 👉 Open Account | Yes | Yes | Yes |
| 4. FBS | 👉 Open Account | Yes | Yes | Yes |
| 5. FXTM | 👉 Open Account | Yes | Yes | Yes |
| 6. Exness | 👉 Open Account | Yes | Yes | Yes |
| 7. eToro | 👉 Open Account | Yes | Yes | Yes |
| 8. FOREX.com | 👉 Open Account | Yes | Yes | Yes |
| 9. AvaTradeGO | 👉 Open Account | Yes | Yes | Yes |
10 Best Forex Brokers in Namibia
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Why are Forex Trading Apps So Popular in Namibia?
Forex trading applications have grown famous for a variety of reasons. Convenience is one of the primary factors.
Furthermore, Namibian traders can effortlessly access their trading accounts and execute trades anywhere using a mobile trading application. This is particularly handy for traders who are frequently on the go or lack computer access.
A second reason for the popularity of mobile trading applications is that they often include various essential tools and features, such as real-time quotes, charts, and news updates. This can make it simpler for Namibians to keep abreast of market fluctuations and make educated trading choices.
Mobile apps enable traders to access their trading accounts and execute transactions using mobile devices such as smartphones and tablets.
9 Best Forex Trading Apps in Namibia Summary
thinkorswim Mobile – Overall, Best Forex Trading App for Namibian Traders- HFM – Offers Educational Material for Beginner Traders
- XM – Offers a Low Minimum Deposit to Start Trading
- FBS – 24/7 Support for Namibian Traders
- FXTM – Offers Islamic Accounts to Muslim Traders
- Exness – Regulated by Multiple Regulators Across Different Regions
- eToro – Offers Low Spreads for Namibian Traders
- FOREX.com – Advanced Charting Tools Offered
- AvaTradeGO – Offers a Free Demo Account for Beginner Traders
thinkorswim Mobile
thinkorswim Mobile is a mobile app that enables the mobile trading of stocks, options, futures, and exchange-traded funds (ETFs).
thinkorswim Mobile is a product of Thinkorswim Group, Inc., a financial services firm that supplies retail and institutional customers with online brokerage services and trading technologies. The company was created in 1999 and is headquartered in Chicago, Illinois.
TD Ameritrade, one of the leading online brokerage businesses in the United States, has acquired the company.
thinkorswim Mobile offers many features to Namibian traders, including real-time quotes, charts, and news; the ability to conduct trades and manage positions; and access to several order types and sophisticated trading tools.
Overall Rating
- 4.7/5
Min Deposit
0 USD / 0 NAD
Regulators
SEC, SFC, FINRA
Trading Desk
Web Platforms, thinkorswim desktop, thinkorswim web, Mobile Trading
Crypto
Yes
Total Pairs
70
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
thinkorswim Mobile is accessible for free. However, Namibians might need a funded brokerage account with thinkorswim or one of its linked businesses to use some features and trade certain instruments.
Furthermore, you should thoroughly evaluate your financial status and risk tolerance before trading.
thinkorswim Mobile is compatible with both iOS and Android operating systems. However, to use the application, your device’s operating system must be at least iOS 12.0 or Android 5.0.
thinkorswim Features
| Feature | Information |
| 💵 Associated Broker | TD Ameritrade |
| 📱 iOS compatible | Yes |
| 💻 Android Compatible | Yes |
| ✔️ Assets offered | Stocks, Options, Futures, Forex, ETFs, Mutual Funds, Treasuries, Bonds, CDs, UITs |
| 💰 Fees Charged | Trading fees per contract |
| 💸 Crypto trading offered? | No |
| ✅ User-friendly? | Yes |
| 📉 Reviews | • Google Play – 11.5k • App Store – 291k |
| 📊 Ratings | • Google Play – 3.7 • App Store – 4.7 |
| 💵 Minimum deposit | $0/0 NAD |
| 💻 Demo Account | Yes |
| 👉 Open Account | 👉 Open Account |
| ✔️ Pros | ❌ Cons |
| thinkorswim Mobile offers a robust trading platform with advanced features and tools for technical analysis and trading. | The platform’s rich features can be overwhelming for beginners, requiring a learning curve to fully grasp its functionalities. |
| Interface is intuitive and user-friendly, making it easy for traders of all levels to navigate and use. | thinkorswim Mobile may consume more device resources, potentially affecting battery life and device performance. |
| Traders can personalize their experience by customizing charts, watchlists, and layouts according to their preferences. | While the platform offers comprehensive trading tools, educational resources might be limited compared to other platforms. |
| The app provides real-time market data and streaming quotes, allowing for timely decision-making. | Dependence on internet connectivity may lead to potential disruptions in trading, especially in areas with unstable connections. |
HFM
The HFM HF App allows Namibians to access their copy-trading accounts, see sophisticated charts, and make in-app funds transfers.
The live rates for CFDs on Forex, commodities, equities, and indices, a market news feed, and the most recent analysis from the HFM research team are only some of the app’s other features.
Even though the HFM MT4 or MT5 app is required for trading, the HF App is a great analyzing companion for every HFM customer. The Micro Account requires a minimum deposit of just 85 NAD, or around $5, and offers tight spreads and lightning-fast trade execution.
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
The Trader’s Board provides a comprehensive overview of global markets with volume indicators and live charts, while the Daily Market Analysis provides insight from industry professionals.
In addition, tools for traders, such as an economic calendar and live webinar schedule, are available with registration. Furthermore, HFM offers a comprehensive forum for copy trading where traders can track their holdings, distribute money, and monitor a portfolio’s performance.
HFM HF App Features
| Feature | Information |
| 📈 Account Base Currencies | USD, ZAR, NGN |
| 📊 Minimum Spread | 0.0 pips EUR/USD |
| 💳 Minimum deposit | $0/0 NAD |
| ⚖️ BoN Regulation | No |
| 📊 Account Types | Micro Account, Premium Account, Zero Spread Account, Auto Account, HFCopy Account |
| ⚖️ Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC |
| 📈 Leverage | 1:1000 |
| 📊 Micro Account Offered? | Yes |
| 📈 Trading Tools | HF App, VPS Hosting Services, AutoChartist, Trading Calculators, myHF Client Area, Advanced Insights, Economic Calendar, Traders’ Board, One-Click trading, and more |
| 💻 Educational Material | Educational Videos, Forex Education, eCourses, Events, Podcasts, Live Webinars, Training Course Videos |
| 👥 Namibian-Based Customer Support | No |
| 👉 Open Account | 👉 Open Account |
| ✔️ Pros | ❌ Cons |
| The HFM HF App offers a user-friendly interface, making it accessible for both novice and experienced traders. | The app might offer fewer advanced trading features compared to the desktop platform. |
| Traders can easily manage their trading accounts, execute trades, and monitor positions on-the-go. | Mobile screens can be limiting for in-depth analysis and charting, especially for complex trading strategies. |
| The app provides real-time market data, price quotes, and charts, enabling timely decision-making. | Relies on stable internet connectivity, and potential disruptions could impact trading activities. |
| Users receive customizable notifications for market events, price movements, and account updates. | The app’s performance and compatibility might vary across different mobile devices. |
XM
Trading Point Holdings Ltd, doing business as XM, is a financial services provider that allows clients to trade over 1,000 CFD instruments online. In addition, you can download the XM mobile app to trade on the move with your XM account.
Overall Rating
- 4.7/5
Min Deposit
5 USD / 95 NAD
Regulators
FSCA, IFSC, ASIC, CySEC, DFSA, FCA
Trading Desk
MT4, MT5, XM Mobile App
Total Pairs
57
Islamic Account
Trading Fees
No (Just spread)
Account Activation
The XM mobile app is free to download from the App Store or the Google Play Store for your iOS or Android device. Some of the features that Namibians can expect from the XM app include the following:
➡️ Many useful tools for traders are available in the XM mobile app.
➡️ Charts and quotations for a wide range of financial instruments in real time
➡️ Several order types and execution strategies
➡️ Superior Methods of Technical Analysis
➡️ Indicators and monitoring lists that may be modified by the user
➡️ Knowledge of current events in the market and access to related educational materials
XM mobile app Features
| Feature | Information |
| ⚖️ Regulation | FSCA, IFSC |
| ⚖️ BoN Regulation | No |
| ✔️ Accepts Namibian Traders? | Yes |
| 💳 Minimum deposit (NGN) | USD 5 / 97 NAD |
| Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:888 |
| 👥 Customer Support | 24/5 |
| 🎉 Trading Platform | Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform |
| 👉 Open Account | 👉 Open Account |
| ✔️ Pros | ❌ Cons |
| The XM mobile app offers an intuitive interface, suitable for both beginners and experienced traders. | Mobile screens may not provide as much space for detailed analysis and charting compared to larger screens. |
| Traders can access real-time market data, price quotes, and charts for informed decision-making. | The app requires a stable internet connection, and disruptions may impact trading activities. |
| The app allows users to execute trades quickly and efficiently, even while on the go. | Some advanced trading tools available on the desktop platform may not be fully accessible on the mobile app. |
| Customizable alerts and notifications keep users updated about market events and price movements. | App performance may vary based on the type and specifications of the user’s mobile device. |
FBS
Indices, Forex, commodities, cryptocurrencies, and shares are only some financial products that can be traded online via FBS Markets Inc., under the FBS brand. Using the FBS app, you can easily access your FBS trading account, make trades, and manage your positions from anywhere.
The FBS app is free to download from the respective app stores for iOS and Android smartphones. However, you will need an FBS trading account to use the app. Namibian traders can expect the following features from the FBS App:
➡️ Traders can make use of several tools inside the FBS app.
➡️ One hundred and more ways to pay from across the world and in your own country.
➡️ You can make deposits and withdrawals at any moment.
➡️ All trades in foreign exchange, equities, and other assets are eligible for a 20% cash rebate.
➡️ Trade more than 35 crypto pairings and crypto crosses.
➡️ 24/7 Real-Time Charting and Quoting on a Wide Range of Financial Instruments.
➡️ Several order types and execution strategies.
➡️ Superior Methods of Technical Analysis.
➡️ Indicators and monitoring lists that may be modified by the user.
➡️ Knowledge of current events in the market and access to related educational materials.
Overall Rating
- 4.7/5
Min Deposit
95 NAD / 5 USD
Regulators
IFSC, CySEC, ASIC, FSCA
Trading Desk
FBS Trader, MetaTrader 4, MetaTrader 5
Crypto
Total Pairs
36
Islamic Account
No
Trading Fees
Account Activation
Follow these steps to get started trading Forex with the FBS app in Namibia:
➡️ A free FBS app is available on the Apple App Store and the Google Play Market.
➡️ Launch the app and register for a trading account.
➡️ Deposit into your FBS account using any of the accepted payment options.
➡️ Start using the app by choosing the asset you want to trade and making your first transaction.
FBS Features
| Feature | Information |
| ⚖️ Regulation | FSCA, IFSC, ASIC, CySEC, DFSA, FCA |
| ⚖️ BoN Regulation | No |
| ✔️ Accepts Namibian Traders? | Yes |
| 💳 Minimum deposit (NAD) | 5 USD / 93 NAD |
| Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:3000 |
| 👥 Customer Support | 24/7 |
| 🎉 Trading Platform | FBS Trader, MetaTrader 4, MetaTrader 5, CopyTrade |
| 🎉 Open Account | Open Account |
| ✔️ Pros | ❌ Cons |
| The FBS Trader app is designed with a user-friendly interface, making it easy for traders of all levels to navigate and use. | The app’s charting and analysis tools might be more limited compared to desktop platforms. |
| Traders can access a variety of markets, including forex, stocks, commodities, and cryptocurrencies. | Like any mobile app, it relies on a stable internet connection, and connectivity issues could impact trading. |
| The app provides real-time price quotes, charts, and market news, enabling informed trading decisions. | Mobile screens have limitations in displaying extensive information and multiple charts simultaneously. |
| Users can execute trades quickly and conveniently using the app, even on the go. | Traders using advanced strategies might find certain features and tools lacking in the mobile app. |
FXTM
FXTM is a trademark owned by ForexTime Limited, a provider of online trading in various financial assets, including currency, commodities, and indices.
The FXTM mobile trading application is a platform that enables users to access their FXTM trading accounts, make trades, and manage positions while on the go.
The FXTM mobile trading app is free to download from the App Store and Google Play Store for both iOS and Android smartphones. To use this application, you must have an FXTM trading account.
Overall Rating
- 4.6/5
Min Deposit
10 USD / 190 NAD
Regulators
CySEC, FSCA, FCA, CMA, FSC Mauritius
Trading Desk
MetaTrader 4, MetaTrader 5, FXTM Trader
Crypto
Yes
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
The FXTM mobile trading app provides traders with a variety of capabilities, including:
➡️ Real-time quotations and graphs for many financial instruments.
➡️ Multiple order types and execution modes.
➡️ Tools for advanced technical analysis.
➡️ Personalized watchlists and alerts.
➡️ Access to academic resources and industry news.
➡️ Best stock trading
FXTM Features
| Feature | Information |
| ⚖️ Regulation | CySec, FSC |
| ✅ BoN 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 | ❌ Cons |
| FXTM’s mobile trading app allows traders to access the markets and manage their accounts from anywhere with an internet connection. | Mobile screens have limitations in displaying extensive information and multiple charts simultaneously. |
| The app is designed with an intuitive interface, making it easy for traders of all levels to use. | Traders who rely heavily on advanced technical analysis tools might find some features limited in the mobile app. |
| Traders can access real-time price quotes, charts, and news, helping them make informed trading decisions. | Like any mobile app, it depends on a stable internet connection, which could be disrupted. |
| The app allows for quick and efficient trade execution, even on the go | Some features available on the desktop platform might be limited or not available on the mobile app. |
Exness
Exness offers a mobile trading platform in the form of a custom app. In addition, the company also supports the use of the widely popular MetaTrader 4 (MT4) and the more recent MetaTrader 5 (MT5) trading platforms.
These platforms are available on desktop computers, online browsers, mobile devices, and tablets. While MT4 and MT5 are highly regarded in the industry, Exness’ mobile app is designed to make trading easier for beginners.
This app has a user-friendly interface allowing traders to access the tools they need quickly and easily.
Overall Rating
- 4.9/5
Min Deposit
Depending on the payment system, typically, low
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4, MetaTrader 5, Exness App, Exness Terminal
Crypto
Total Pairs
107
Islamic Account
Trading Fees
Account Activation
In addition to the custom app, Exness also allows its users to access MT4 and MT5 on their mobile devices, providing them access to a wider range of charts, creating custom indicators, and supporting algorithmic trading.
It is worth noting that Exness users also have the option to switch brokers while still using their personalized version of the platform.
Exness Features
| Feature | Information |
| ⚖️ Regulation | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA |
| ✅ BoN 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 | ❌ Cons |
| The Exness trade app features an intuitive and user-friendly interface, making it easy for traders of all levels to navigate. | Mobile screens have limitations in displaying extensive data and multiple charts simultaneously. |
| Traders can access real-time market data, price quotes, and charts, allowing for informed trading decisions. | Traders who rely heavily on complex technical analysis might find certain advanced features limited. |
| The app enables swift trade execution, even in fast-moving markets, ensuring timely entries and exits. | New users may need some time to explore and get familiar with all the functionalities of the app. |
| Traders can manage their accounts, monitor positions, and access trading history directly from the app. | The app requires a stable internet connection for seamless trading, which could be disrupted. |
eToro
eToro is an online trading platform known for its innovative mobile app and trading platform. This platform is free to download from the App Store or Google Play Store for iOS and Android devices.
eToro is a leader in social trading and is now the industry’s top choice for online social trading.
The eToro mobile app also supports the use of CopyPortfolios, allowing traders to group all tradable assets under a specific market strategy to minimize long-term risk and create diversified investments.
Overall Rating
- 4.8/5
Min Deposit
$ 50 / 945 NAD
Regulators
CySec, FCA
Trading Desk
None
Crypto
Yes
Total Pairs
47
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.
Namibian traders will find it easy to use the eToro mobile app to trade directly from charts, make deposits and withdrawals, search for instruments, and create watchlists.
In addition, Namibian traders will have access to the latest market information and the ability to customize their watchlists and chart layouts.
eToro Features
| Feature | Information |
| ⚖️ Regulation | CySEC, FCA, ASIC, FinCEN, FINRA, SIPC, DNB, FSA |
| ⚖️ BoN Regulation? | No |
| 📊 Trading Accounts | Retail, Professional |
| 📊 Trading Platform | eToro trading app and web-based platform |
| 💰 Minimum Deposit | $50/935 NAD |
| 💰 Trading Assets | Forex pairs, Commodities, Exchange-Traded Funds (ETFs), Indices, Stocks, Crypto trading, Stocks |
| 🔎 Namibian Naira-based Account? | No |
| 💳 NAD Deposits Allowed? | No |
| 💰 Bonuses for Namibian traders? | Yes |
| 📈 Minimum spread | 1 pip EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | Yes |
| 👉 Open Account | 👉 Open Account |
| ✔️ Pros | ❌ Cons |
| eToro’s mobile app offers a unique social trading feature, allowing users to follow and replicate the trades of experienced traders. | While eToro offers several cryptocurrencies, the full range available in the crypto market might not be present. |
| The app has an intuitive interface that makes it easy for both beginners and experienced traders to navigate. | Some users may find eToro’s fees, such as spreads and overnight financing, relatively higher compared to other platforms. |
| eToro offers a wide range of assets for trading, including stocks, cryptocurrencies, forex, commodities, and more. | eToro’s services might not be available in all regions due to regulatory restrictions. |
| The app’s CopyTrader feature lets users automatically copy the trades of successful investors, making it easier for newcomers to start. | The app doesn’t support the popular MetaTrader 4 or 5 platforms, which might be a preference for some experienced traders. |
FOREX.com
FOREX.com’s mobile app is one of the best options for Namibian traders since it provides ridiculously cheap spreads and first-rate mobile software compatible with iOS and Android.
The application’s functionality is not constrained whether it is utilized on a mobile device. Everything accessible on the desktop is available on the mobile edition, including complex charting, news, and portfolio management.
Overall Rating
- 4.7/5
Min Deposit
$100/1870 NAD
Regulators
CySEC, FCA
Trading Desk
MetaTrader 4, MetaTrader 5, Webtrader and mobile trading
Crypto
Yes
Total Pairs
50
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
You can track your assets and create individualized dashboards and watchlists thanks to software that is extremely easy to use.
FOREX.com Features
| Account Feature | Value |
| 💳 Initial Minimum Deposit | $100/1870 NAD |
| 📊 Average Spreads on Major Forex Pairs | From 0.2 pips EUR/USD |
| 💸 Typical Spreads | 1.3 pips EUR/USD |
| 💰 Forex Commissions per round turn | None |
| 💵 Commissions on Indices per round turn | None |
| 🔨 Trading Tools offered? | Yes, integrated trading tools |
| 🚀 Market Commentary | Yes |
| 📊 Market Analysis | Yes |
| ⚙️ Advanced Charting Tools offered? | Yes, and more than 80 technical indicators |
| 📈 Fast Trade Execution? | Yes, Execution Scorecard |
| 💵 Price Improvement? | Yes, with limit orders |
| 💸 Cash Rebates? | Yes, 15% |
| 🚦 Forex Trading Signals | Yes |
| 📲 Market Strategist Access | Yes |
| 📊 Active Trader Program | No |
| 📈 Top-Tier Liquidity | No |
| 💵 Spread splits | No |
| 👉 Open Account | 👉 Open Account |
| ✔️ Pros | ❌ Cons |
| The app provides a user-friendly interface, making it accessible for traders of all levels. | The app’s educational resources might be limited compared to other platforms. |
| Traders can access advanced charting tools and technical indicators for in-depth analysis. | The advanced features and tools could be overwhelming for novice traders. |
| FOREX.com offers a diverse selection of assets including forex, commodities, indices, and cryptocurrencies. | Some users may find that the spreads and fees are relatively higher compared to other brokers. |
| The app offers market research, analysis, and news to keep traders informed. | While FOREX.com offers some cryptocurrencies, the range might not be as extensive as specialized crypto exchanges. |
AvaTradeGO
AvaTrade’s main mobile application, AvaTradeGo, provides a good interface with simple trade management tools, lucid charts, and a Market Patterns function for monitoring trading trends within the AvaTrade community.
It also includes AvaTrade’s AvaProtect function, which offers temporary loss protection: Any losses are reimbursed in full, but the traders keep any profits. As a result, AvaTrade’s costs are among the lowest for accounts requiring a minimum deposit of 750 ZAR, as low as 0.90 pips on the EUR/USD.
Overall Rating
- 4.9/5
Min Deposit
100 USD / 1,900 NAD
Regulators
Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
Trading Desk
AvaTrade WebTrader, AvaTradeGO, AvaOptions, AvaSocial, MT4, MT5, DupliTrade, ZuluTrade
Crypto
Total Pairs
55+
Islamic Account
Trading Fees
Account Activation
Other prominent applications supplied by AvaTrade include:
➡️ This application, AvaOptions, enables traders to trade options using numerous techniques, including straddles, strangles, and risk reversals. In addition, it has professional risk management tools and portfolio modeling, among other things.
➡️ AvaSocial: This social trading application is appropriate for novice and experienced traders since it provides professional financial advice and insights.
AvaTrade Features
| Feature | Information |
| ⚖️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC |
| ✔️ BoN Regulation? | No |
| 📊 Trading Accounts | Retail Investor Account, Professional Account Option |
| 💻 Trading Platform | AvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade |
| 💰 Minimum Deposit (NAD) | 100 NAD / 1,862 NAD |
| 💵 Trading Assets | Foreign currencies, Cryptocurrencies, Commodities, Treasuries, Bonds, Indices, Stocks, ETFs, Options, CFDs, Precious Metals |
| 🔎 Namibian-based Account? | No |
| 💳 NAD Deposits Allowed? | No |
| 💰 Bonuses for Namibian traders? | Yes |
| 📈 Minimum spread | 0.9 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✅ Social Trading Offered | Yes |
| 👉 Open Account | Open Account |
| ✔️ Pros | ❌ Cons |
| AvaTradeGO features an intuitive and user-friendly interface suitable for both novice and experienced traders. | Some advanced trading features available on desktop platforms might not be fully accessible through the mobile app. |
| The app allows traders to access markets and manage their trades on the go, providing flexibility and convenience. | The educational resources within the app could be more comprehensive for traders seeking in-depth learning. |
| AvaTradeGO offers advanced charting tools, technical indicators, and analysis to assist in making informed trading decisions. | As with any mobile app, connectivity issues can sometimes affect the user experience, especially in areas with weak signals. |
| The app provides risk management features such as stop-loss and take-profit orders to help manage trades effectively. | The smaller screen size of mobile devices might limit the amount of information visible at once, potentially affecting analysis. |
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
FCA, ASIC, FSCA, SCB
Trading Desk
MetaTrader 4, Trade Nation proprietary platform
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
Depending on the payment system, typically, low
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4, MetaTrader 5, Exness App, Exness Terminal
Crypto
Total Pairs
107
Islamic Account
Trading Fees
Account Activation
Overall, Exness is the best 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 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 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
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
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 AUD / 1,200 NAD
Regulators
ASIC, CySEC, CMA, FSCA
Trading Desk
MT4, MT5, IRESS, cTrader, 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
95 NAD / 5 USD
Regulators
IFSC, CySEC, ASIC, FSCA
Trading Desk
FBS Trader, MetaTrader 4, MetaTrader 5
Crypto
Total Pairs
36
Islamic Account
No
Trading Fees
Account Activation
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 client’s funds are safe.
Best Forex Brokers Nasdaq 100 Forex Broker in Namibia
Overall Rating
- 4.7/5
Min Deposit
25 USD / 470 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 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
- 4.9/5
Min Deposit
100 USD / 1,900 NAD
Regulators
Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
Trading Desk
AvaTrade WebTrader, AvaTradeGO, AvaOptions, AvaSocial, MT4, MT5, DupliTrade, ZuluTrade
Crypto
Total Pairs
55+
Islamic Account
Trading Fees
Account Activation
Overall, AvaTrade is the best 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
5 USD / 95 NAD
Regulators
FSCA, IFSC, ASIC, CySEC, DFSA, FCA
Trading Desk
MT4, MT5, XM Mobile App
Total Pairs
57
Islamic Account
Trading Fees
No (Just spread)
Account Activation
Overall, XM is the best 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 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
- 4.7/5
Min Deposit
100 USD / 1,900 NAD
Regulators
Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA
Trading Desk
MT4, MT5, Tickmill Mobile
Crypto
Total Pairs
62
Islamic Account
Trading Fees
Account Activation
Overall, Tickmill is the best 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.
10 Best Forex Brokers in Namibia
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Conclusion
In Conclusion, the top 9 Forex Trading Apps are thinkorswim Mobile, HFM app, XM app, FBS app, FXTM app, Exness app, eToro app, FOREX.com app and AvaTradeGo.
These brokers provide trading apps that are accessible on both IOS and Android platforms, allowing all traders to conveniently manage their accounts and execute trades on the go.
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Frequently asked questions
Is it legal to trade Forex in Namibia?
Yes, forex trading is legal in Namibia. This is because the Financial Sector Conduct Authority (FSCA) regulates the Namibian foreign exchange market.
How do I start trading Forex using a Mobile App in Namibia?
You can choose a reputable forex broker with a forex trading app, register a live account, and verify your account. Next, you can download and install the app, log in, deposit funds, and start trading.
Are there any risks associated with using mobile forex trading apps in Namibia?
There are risks linked with using mobile forex trading applications in Namibia. Foreign exchange trading has inherent dangers, which must be comprehended and managed with care.
Namibian traders should consider market risk, leverage risk, volatility risk, and execution risk, among other risks.
How can I choose a suitable Forex app in Namibia?
Namibian traders should consider regulation, fees and spreads, user experience, security, and instructional materials when selecting a trustworthy forex trading app in Namibia. Furthermore, it is also wise to study reviews and compare several applications before choosing.
How can I deposit funds into a trading account using a Forex app?
You can log into your trading account on the app, go to the appropriate section, choose a deposit method, enter the deposit amount, review, and confirm the details, and wait for the funds to be credited to the trading account.
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