
10 Best FTSE 100 Brokers in Namibia
The 10 Best FTSE 100 Index Forex Brokers in Namibia revealed. We tested and verified the best FTSE Index forex brokers for Namibian Stock Traders.
This is a complete list of the Best FTSE one hundred and fifty index forex brokers in Namibia.
In this in-depth guide you’ll learn:
- What is the FTSE 100 Index?
- How to trade and invest on the FTSE Index?
- Who the best FTSE Brokers are for Namibian Traders?
- How to choose a forex broker for your trading style.
- What is a shared price?
- What is the FTSE share price?
- Which broker offers a low minimum deposit of $5
And lots more…
So if you’re ready to go “all in” with the best UK FTSE 100 brokerages for Namibians…
Let’s dive right in…
- Kayla Duvenage
Best FTSE 100 Brokers in Namibia – Comparison
🏛️ Broker | 🎉 Open An Account | 💵 Minimum Deposit | 💻 Trading Platforms | ✔️ FTSE 100 Broker? |
1. Exness | Open Account | 10 USD / 188 NAD | MetaTrader mobile, Exness Trade App, Exness Terminal, MetaTrader 5, MetaTrader 4, MetaTrader WebTerminal | Yes |
2. XM | Open Account | 5 USD / 94 NAD | MetaTrader 4, MetaTrader 5, XM Mobile App | Yes |
3. Tickmill | Open Account | 100 USD / 1,883 NAD | MT5, MT4, WebTrader, Tickmill Mobile App | Yes |
4. TD Ameritrade | Open Account | 0 USD / 0 NAD | Web Platforms, thinkorswim desktop, thinkorswim web, Mobile Trading | Yes |
5. RoboForex | Open Account | 10 USD / 188 NAD | MT4, MT5, MobileTrader, StocksTrader, WebTrader | Yes |
6. Plus500 | Open Account | 100 USD / 1,883 NAD | Plus500 Mobile App, WebTrader | Yes |
7. Pepperstone | Open Account | 0 USD / 0 NAD | MetaTrader 4, MetaTrader 5, cTrader, TradingView | Yes |
8. Octa | Open Account | 25 USD / 470 NAD | MT4, MT5, OctaTrader | Yes |
9. OANDA | Open Account | 0 USD / 0 NAD | MetaTrader 4, MetaTrader 5, OANDA Platform, FxTrade | Yes |
10. FXTM | Open Account | 10 USD / 188 NAD | MT4, MT5, Mobile Trading | Yes |
10 Best Forex Brokers in Namibia
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What is the FTSE100?
The FTSE 100, also known as the Financial Times Stock Exchange 100 Index, is a stock market index in the United Kingdom. It represents the 100 largest publicly listed companies by market capitalization on the London Stock Exchange (LSE).
The index is widely regarded as a benchmark for the performance of the UK stock market and is often used by investors and financial professionals to assess the overall health and direction of the British economy.
10 Best FTSE 100 Brokers in Namibia (2025)
- Exness – Overall, the Best Broker with an FTSE Account in Namibia
- XM – Best FTSE Commission-Free Broker for Namibians
- Tickmill – #1 MetaTrader4 Broker for Beginners
- TD Ameritrade – Excellent Asset Diversity Broker
- RoboForex – Low-Minimum Deposit Broker operating in Namibia
- Plus500 – Favorite African No-Deposit Fees Broker
- Pepperstone – Regulated Broker for Beginner Namibian Traders
- Octa – First Choice Broker for Automated Trading
- Oanda – Oustanding Broker Offering Negative Balance Protection
- FXTM – Local Broker with NAD account support
1. Exness
Exness is an online forex broker that provides trading services to traders from Namibia. It offers a user-friendly trading platform and a wide range of financial instruments to trade, including forex currency pairs, commodities, indices, cryptocurrencies, and more.
One of the key advantages of Exness for Namibia traders is its regulatory status. The company is regulated by reputable authorities, such as the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), which ensures a certain level of safety and transparency for traders. This regulatory oversight helps to instil confidence in the platform and provides traders with a sense of security.
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
Exness also offers competitive trading conditions, including tight spreads, low commissions, and flexible leverage options. This allows Namibia traders to execute trades at favourable rates and potentially maximize their profits. Additionally, Exness provides various account types to suit different trading preferences, ranging from beginners to experienced traders.
Overall, Exness provides a reliable and user-friendly trading environment for Namibia traders, with a range of financial instruments, competitive trading conditions, and regulatory oversight. However, it is important for traders to conduct their own research and consider their individual trading needs before choosing a broker.
Exness Overview
Account Feature | Value |
💻 Trading Platforms | MetaTrader mobile, Exness Trade App, Exness Terminal, MetaTrader 5, MT4, MetaTrader WebTerminal |
💳 Minimum Deposit | USD 10 / 185 NAD |
🔎 Trading Accounts | Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account |
📊 Spread | Variable, from 0.0 pips |
💰 Commissions | From $0.1 per side, per lot |
📈 Maximum Leverage | Unlimited |
⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
🎉 Open Account | Open Account |
Pros and Cons
Exness is well-regulated and keeps all client funds in segregated accounts with top-tier institutions |
Namibian traders can choose between several retail investor accounts |
Exness offers an Islamic account conversion with no additional fees charged |
Instant deposits and withdrawals are offered |
Exness has customer support available 24 hours a day, 7 days a week |
There is a limited portfolio of financial instruments offered |
Exness offers a limited number of payment methods that can be used for deposits and withdrawals |
2. XM
XM is an online brokerage firm that offers trading services to traders in Namibia. It provides access to various financial instruments, including forex, stocks, commodities, indices, and cryptocurrencies. With a user-friendly interface and a variety of trading tools, XM caters to both beginner and experienced traders.
One of the key features of XM is its competitive pricing and low spreads, allowing traders to execute trades at favourable rates. The platform supports both fixed and variable spreads, depending on the account type chosen by the trader. Additionally, XM offers flexible leverage options, enabling traders to amplify their trading positions and potentially increase their potential profits.
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
XM provides traders with the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms are well-known for their advanced charting capabilities, extensive technical analysis tools, and the ability to use automated trading strategies. Traders can also access the platforms through mobile devices, allowing them to monitor and manage their trades on the go.
As with any brokerage firm, it is important for Namibian traders to use XM to ensure compliance with local regulations and legal requirements. Familiarize yourself with the laws governing financial trading in Namibia, and seek appropriate advice if needed. It is recommended to review XM’s terms and conditions, account types, and available services to determine if they align with your trading needs before opening an account with them.
XM Overview
💵 Minimum Deposit | 5 USD / 95 NAD |
✔️ Deposit Currencies | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR |
🔎 Trading Platforms | MT4, MT5, XM Mobile App |
📊 Starting spread | From 0.7 pips |
💰 Minimum Commission per Trade | From $1 per share |
📈 Demo Account | Yes |
⚖️ Non-expiring Demo | Yes, if it remains in use |
⏰ Demo Duration | Unlimited, but inactive accounts expire after 90 days |
🎉 Open Account | Open Account |
Pros and Cons
XM has more than 5 million active clients from around the world |
Client fund safety is guaranteed, and XM offers investor protection to Namibian traders |
XM has won several industry awards since its establishment in 2009 |
There are no commissions charged on either deposits or withdrawals |
XM is a low-cost forex broker with a high trust score |
Inactivity fees apply |
There are no fixed spreads offered |
3. Tickmill
Tickmill is an online forex and CFD broker that offers trading services to traders from Namibia. It provides access to various financial instruments, including forex currency pairs, commodities, indices, and cryptocurrencies, allowing Namibia traders to diversify their investment portfolios.
One of the notable aspects of Tickmill is its robust regulatory framework. The company is regulated by renowned financial authorities, such as the Financial Conduct Authority (FCA) in the United Kingdom and the Cyprus Securities and Exchange Commission (CySEC), ensuring high transparency and investor protection. This regulatory oversight helps to establish trust and confidence among Namibia traders.
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
Tickmill offers competitive trading conditions, including tight spreads, low commissions, and fast trade execution. Traders can choose from various account types, such as Classic, Pro, and VIP accounts, depending on their trading preferences and experience levels. Additionally, Tickmill provides educational resources and market analysis tools to help Namibia traders make informed trading decisions.
In summary, Tickmill is a reputable broker that offers Namibia traders access to a diverse range of financial instruments, competitive trading conditions, and strong regulatory oversight. Traders can benefit from its user-friendly platform, educational resources, and reliable customer support. However, it is always recommended that traders conduct their own research and consider their individual needs before selecting a broker.
Tickmill Overview
💵 Minimum Deposit | 100 USD / 1,900 NAD |
✔️ Deposit Currencies | USD, EUR, GBP, ZAR, IDR, CNY |
🔎 Trading Platforms | MetaTrader 4, MetaTrader 5, Tickmill Mobile App |
📊 Starting spread | From 0.0 pips |
💰 Minimum Commission per Trade | $1 per side, per standard lot traded |
📈 Demo Account | Yes |
⚖️ Non-expiring Demo | Yes |
⏰ Demo Duration | Unlimited |
🎉 Open Account | Open Account |
Pros and Cons
Tickmill offers robust trading platforms and innovative mobile trading |
Tickmill has a very high trust score and is known for its competitive trading conditions |
There are several convenient funding options available including Skrill, Neteller, and others |
Advanced traders can use a range of tools including FIX API, AutoChartist, VPS, and others |
Currency conversion fees will apply for Dollar deposits |
There are no fixed spread accounts offered |
The spreads are not the tightest |
4. TD Ameritrade
TD Ameritrade is a well-established online brokerage platform that offers a wide range of financial services and products for individual investors. With a history dating back to 1975, TD Ameritrade has become a trusted name in the financial industry. The platform provides access to a variety of investment options, including stocks, bonds, mutual funds, ETFs, options, and futures, allowing users to build diversified portfolios to suit their investment goals.
One of the key features of TD Ameritrade is its advanced trading platform, thinkorswim. This platform offers powerful tools and resources for active traders, including real-time market data, customizable charts, technical analysis tools, and a wide range of order types. It also provides access to extensive educational materials and trading tutorials to help users enhance their trading skills and make informed investment decisions.
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
In addition to its trading capabilities, TD Ameritrade offers comprehensive research and analysis tools to assist investors in their decision-making process. The platform provides access to market research, analyst reports, earnings calendars, and other relevant information to help users stay updated with the latest market trends and make well-informed investment choices.
Overall, TD Ameritrade is a reputable online brokerage platform that combines a wide range of investment options, advanced trading tools, and comprehensive research resources to cater to the needs of individual investors. Whether you are a beginner looking to start investing or an experienced trader seeking advanced features, TD Ameritrade provides a robust platform to support your investment journey.
TD Ameritrade Overview
Account Feature | Value |
💻 Trading Platforms | Web Platforms, thinkorswim desktop, thinkorswim web, Mobile Trading |
💳 Minimum Deposit | 0 USD / 0 NAD |
🔎 Trading Accounts | Standard Account, Retirement Accounts, Education Accounts, Specialty Accounts, Margin Trading |
📊 Spread | From 0.0 pips |
💰 Commissions | None |
📈 Maximum Leverage | 50:1 |
⚖️ Regulation | SEC, SFC, FINRA |
🎉 Open Account | Open Account |
Pros and Cons
TD Ameritrade is a trusted online brokerage that accepts all types of investors and traders |
TD Ameritrade offers an extensive investment selection, helping traders build a diversified portfolio |
There is no minimum investment required when registering for an account |
The broker offers a wide range of guides and training for educational purposes |
There is a powerful web-based platform and mobile version with a customizable dashboard, custom alerts, real-time data, and advanced charting tools |
There are several retail investor accounts to choose from |
TD Ameritrade is one of the most reputable brokerage firms with strict regulation in the US |
In addition to a wide range of investment options, TD Ameritrade also offers crypto trading |
TD Ameritrade does not offer any fractional shares |
There are higher account fees than competitors |
There are high-margin rates |
5. RoboForex
RoboForex is an online brokerage firm that offers trading services in the global financial markets. Established in 2009, RoboForex has gained recognition as a reliable and customer-oriented platform. The company provides access to various trading instruments, including currencies, stocks, indices, commodities, and cryptocurrencies, allowing traders to diversify their portfolios and take advantage of various market opportunities.
One of the standout features of RoboForex is its offering of multiple trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are renowned for their user-friendly interfaces, advanced charting tools, and automated trading capabilities through expert advisors (EAs). Traders can also benefit from mobile trading apps, which enable them to monitor and execute trades on the go.
Min Deposit
10 USD / 186 NAD
Regulators
FSC
Trading Desk
MT4, MT5, MobileTrader, StockTrader, WebTrader
Crypto
Yes
Total Pairs
32
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
RoboForex caters to traders of all experience levels by providing educational resources and support. The platform offers tutorials, webinars, and educational articles to help beginners understand the basics of trading and improve their skills. Additionally, RoboForex provides a range of account types with different trading conditions to accommodate the needs and preferences of various traders.
In summary, RoboForex is an established online brokerage that offers a wide range of trading instruments and multiple trading platforms to cater to the needs of global traders. With its user-friendly interfaces, advanced tools, and educational resources, RoboForex aims to provide a seamless trading experience for both novice and experienced traders.
RoboForex Overview
Account Feature | Value |
💻 Trading Platforms | MT4, MT5, MobileTrader, StocksTrader, WebTrader |
💳 Minimum Deposit | 10 USD / 188 NAD |
🔎 Trading Accounts | Prime Account, ECN Account, R StocksTrader Account, ProCent Account, Pro Account |
📊 Spread | 0.0 pips |
💰 Commissions | $10 per million traded |
📈 Maximum Leverage | 1:2000 |
⚖️ Regulation | IFSC |
🎉 Open Account | Open Account |
Pros and Cons
Offers a massive range of tradable instruments across financial markets |
Provides professional yet user-friendly trading platforms |
Low initial deposit requirement on all account types |
There are several flexible account types with competitive trading conditions and transparent trading costs |
Offers a vast range of research tools to experienced traders |
Award-winning broker that ensures client fund protection |
Negative balance protection is applied to all account types |
RoboForex has obtained Verify My Trade, proving trade execution speeds |
Comprehensive social trading platforms offered |
United States clients, and some other regions, cannot register with RoboForex |
There are no fixed spread accounts offered |
There is no FCA, CySEC, FSCA, or other regulation with popular market regulators |
Offshore broker with offshore regulation |
Market Maker forex broker that can benefit from the losses of clients |
Inactivity fee may apply to dormant accounts |
Withdrawal fee charged on several payment options |
6. Plus500
Plus500 is an online trading platform that enables users to trade a wide range of financial instruments across multiple markets. Founded in 2008, Plus500 has grown to become a popular choice for both beginner and experienced traders. The platform offers access to various asset classes, including stocks, indices, commodities, cryptocurrencies, and forex, allowing users to diversify their portfolios and capitalize on market movements.
One of the key features of Plus500 is its user-friendly interface, which makes it easy for traders to navigate the platform and execute trades. The platform provides a simple and intuitive trading experience, with real-time charts, analysis tools, and a customizable dashboard. Plus500 also offers a mobile app, enabling traders to monitor their positions and trade on the go.
In addition to its user-friendly interface, Plus500 is known for its competitive trading conditions. The platform offers tight spreads, low fees, and no commissions on trades. It also provides a risk management feature that allows users to set stop-loss and take-profit levels, helping them manage their risk effectively. Plus500 is regulated by reputable financial authorities, providing users with a sense of security and trust.
Min Deposit
100 USD / 1,883 NAD
Regulators
FCA, ASIC, JFSA, FMA, MAS, MiFID
Trading Desk
Plus500 Mobile App, WebTrader
Total Pairs
70
Crypto
Yes (Availability subject to regulations)
Trading Fees
Low
Account Activation Time
24 Hours
In summary, Plus500 is a well-established online trading platform that offers a user-friendly interface, competitive trading conditions, and access to a diverse range of financial instruments. Whether you are a beginner looking to enter the trading world or an experienced trader seeking a reliable platform, Plus500 provides a convenient and feature-rich solution for trading various markets.
Plus500 Overview
Account Feature | Value |
💻 Trading Platforms | Plus500 Mobile App, WebTrader |
💳 Minimum Deposit | 100 USD / 1,883 NAD |
🔎 Trading Accounts | Plus500 CFD, Plus500 Invest, Plus500 Futures |
📊 Spread | from 0.8 pips |
💰 Commissions | None |
📈 Maximum Leverage | 1:300 |
⚖️ Regulation | FCA, ASIC, JFSA, FMA, MAS, MiFID |
🎉 Open Account | Open Account |
Pros and Cons
Plus500 is well-regulated and has a high trust score |
There is multilingual customer service offered 24/7 across communication channels |
All client funds are held in segregated accounts |
There is a wide range of markets to choose from |
The trading costs are low and can suit any financial restrictions that traders may have, especially novice traders |
There are no commissions charged on trades |
There are no deposit fees charged |
The proprietary platform is robust |
There is an inactivity fee charged on dormant accounts after a few months of inactivity |
Guaranteed stops come at an additional charge |
Plus500 restricts retail traders in certain regions |
Restricted maximum leverage |
Trading strategies such as expert advisors, automated trading, hedging, scalping, and others, are prohibited |
There is no desktop platform offered |
7. Pepperstone
Pepperstone is an online forex and CFD broker that was established in 2010. With its headquarters in Australia, the company has become a prominent player in the financial industry. Pepperstone offers a comprehensive range of trading instruments, including major and minor currency pairs, indices, commodities, and cryptocurrencies, providing traders with ample opportunities to diversify their portfolios.
One of the notable aspects of Pepperstone is its commitment to providing traders with access to fast and reliable trade execution. The broker utilizes cutting-edge technology and infrastructure, including Equinix servers and advanced trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), to ensure low latency and quick order execution. This feature is particularly important for active traders who seek to capitalize on market volatility.
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
Pepperstone is known for its transparent and competitive pricing. The broker offers tight spreads, and depending on the account type, traders can choose between commission-based or commission-free pricing structures. Furthermore, Pepperstone is regulated by reputable authorities in multiple jurisdictions, including the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the United Kingdom, providing traders with a sense of security and trust.
In summary, Pepperstone is a well-established online forex and CFD broker that offers a wide range of trading instruments and a commitment to fast and reliable trade execution. With its transparent pricing and regulatory oversight, Pepperstone provides traders with a trustworthy and competitive trading environment. Whether you are a beginner or an experienced trader, Pepperstone offers the necessary tools and features to support your trading journey in the global financial markets.
Pepperstone Overview
💵 Minimum Deposit | 200 AUD / 2,500 NAD |
✔️ Deposit Currencies | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD |
🔎 Trading Platforms | TradingView, MetaTrader 4, MetaTrader 5, cTrader, Capitalise.ai |
📊 Starting spread | Variable, from 0.0 pips EUR/USD |
💰 Minimum Commission per Trade | From AU$7 |
📈 Demo Account | Yes |
⚖️ Non-expiring Demo | No, only if you have a funded live account |
⏰ Demo Duration | 30 days if a live account is not registered |
🎉 Open Account | Open Account |
Pros and Cons
Pepperstone ensures client fund security by keeping it in segregated accounts |
Pepperstone is both a multi-regulated and multi-award-winning broker |
Pepperstone caters to all types of traders despite their trading experience or style |
Well-regulated by some of the top market regulatory entities |
Pepperstone accepts Namibian traders and provides a plethora of educational material for beginners |
There is a demo account and an Islamic account offered |
There are several funding options offered to traders |
Deposit fees and withdrawal fees are not charged |
Namibian traders do not have a Dollar-denominated trading account |
There are additional fees applied to the Islamic account |
There are some leverage restrictions |
8. Octa
Octa is an online brokerage firm that provides trading services to traders in Namibia. It offers access to various financial instruments, including forex currency pairs, commodities, indices, and cryptocurrencies. Octa aims to provide a seamless and user-friendly trading experience for novice and experienced traders.
One of the standout features of Octa is its competitive trading conditions. The brokerage offers tight spreads and low commissions, allowing traders to execute trades at favourable rates. Additionally, Octa provides flexible leverage options, enabling traders to amplify their trading positions and potentially increase their potential profits. However, it is important to use leverage responsibly, as it also carries risks.
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
Octa offers various trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are popular and widely used in the industry. These platforms are known for their advanced charting capabilities, technical analysis tools, and the ability to implement automated trading strategies. Traders can access their accounts and trade on desktop, web, or mobile devices, providing flexibility and convenience.
Octa Overview
Account Feature | Value |
💻 Trading Platforms | MT4, MT5, OctaTrader |
💳 Minimum Deposit | 25 USD / 470 NAD |
🔎 Trading Accounts | Octa MT4, Octa MT5, OctaTrader |
📊 Spread | 0.6 pips |
💰 Commissions | None |
📈 Maximum Leverage | 1:500 |
⚖️ Regulation | CySEC, SVG FSA |
🎉 Open Account | Open Account |
Pros and Cons
OctaFX offers reliable, instant deposits and withdrawals |
The broker offers copy trading accounts through its proprietary trading app |
Offers social trading opportunities |
OctaFX is a broker that accommodates all types of traders in a transparent and safe trading environment from beginner traders, active traders, and professionals |
The trading conditions that OctaFX offers Namibian traders are transparent and reasonable |
Commission-free trading is offered on all retail investor accounts along with tight spreads |
Offers an unlimited virtual trading account and an Islamic Account for Muslim traders |
There is a range of advanced trading tools offered |
OctaFX offers versatile and reliable payment methods for deposits and withdrawals |
There is a limited selection of trading instruments offered |
Limited options for base currencies on accounts |
9. Oanda
OANDA is a reputable online forex and CFD broker that was founded in 1996. With its headquarters in the United States, OANDA has become a well-established name in the financial industry. The platform provides access to a wide range of trading instruments, including major and minor currency pairs, indices, commodities, and precious metals, allowing traders to diversify their portfolios and participate in global markets.
One of the standout features of OANDA is its proprietary trading platform called OANDA fxTrade. This platform offers a user-friendly interface and advanced charting tools, enabling traders to analyze market trends and execute trades with ease. It also provides access to real-time market data, economic calendars, and other resources to help traders make informed decisions.
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
OANDA is known for its commitment to transparency and competitive pricing. The broker offers tight spreads and does not charge commission fees on forex trades. Additionally, OANDA provides flexible account types to suit the needs of different traders, including a practice account for beginners to practice trading strategies without risking real money. The company is regulated by reputable authorities such as the Commodity Futures Trading Commission (CFTC) in the United States and the Financial Conduct Authority (FCA) in the United Kingdom, ensuring a secure trading environment.
In summary, OANDA is a trusted online forex and CFD broker with a long-standing presence in the financial industry. With its proprietary trading platform, competitive pricing, and commitment to transparency, OANDA provides traders with the necessary tools and resources to engage in global markets. Whether you are a beginner or an experienced trader, OANDA offers a reliable platform to support your trading activities and help you navigate the dynamic world of forex and CFD trading.
OANDA Overview
Account Feature | Value |
💻 Trading Platforms | MetaTrader 4, MetaTrader 5, OANDA Platform, FxTrade |
💳 Minimum Deposit | 0 USD / 0 NAD |
🔎 Trading Accounts | Standard Account, Core Account, Swap-Free Account, Premium Account, Premium Core Account |
📊 Spread | From 0.2 pips |
💰 Commissions | From $35 |
📈 Maximum Leverage | 1:888 |
⚖️ Regulation | IIROC, ASIC, CFTC, NFA, FCA, FFAJ, JFSA, MAS, MFSA, BVI FSC |
🎉 Open Account | Open Account |
Pros and Cons
OANDA has an award-winning proprietary trading platform |
There is a dedicated account for Muslim traders |
Negative balance protection is automatically applied to the retail accounts |
There are no deposit fees charged |
There is a large selection of educational materials |
There is an inactivity fee on dormant accounts |
There are no fixed spreads |
10. FXTM
FXTM, also known as ForexTime, is an online brokerage firm that offers trading services to traders in Namibia. With its global presence and wide range of financial instruments, including forex currency pairs, commodities, indices, and cryptocurrencies, FXTM provides Namibian traders with access to various markets.
One of the standout features of FXTM is its diverse range of trading account options. Traders can choose from various account types, including Standard, Cent, Shares, ECN, and more. Each account type caters to different trading needs, allowing traders to select the one that aligns with their preferences and trading strategies. FXTM also offers competitive spreads and leverage options, providing flexibility in executing trades.
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
FXTM is known for its commitment to education and research. The company provides extensive educational resources, including trading tutorials, webinars, articles, and market analysis, to help traders enhance their knowledge and skills. Traders can also access daily market updates and economic calendars, enabling them to stay informed about important events that may impact their trading decisions.
Before trading with FXTM, Namibian traders should ensure compliance with local regulations and any legal requirements. It is important to understand the laws governing financial trading in Namibia and seek appropriate guidance if necessary. Additionally, review FXTM’s terms and conditions, available account types, trading instruments, and customer support to determine if they align with your trading goals and preferences.
FXTM Overview
Account Feature | Value |
💻 Trading Platforms | MetaTrader 4, MetaTrader 5, FXTM Trader |
💳 Minimum Deposit | 10 USD / 188 NAD |
🔎 Trading Accounts | Micro Account, Advantage Account, Advantage Plus Account |
📊 Spread | 0.0 pips, Variable |
💰 Commissions | From $0.4 to $2 |
📈 Maximum Leverage | 1:2000 |
⚖️ Regulation | CySEC, FSCA, FCA, CMA, FSC Mauritius |
🎉 Open Account | Open Account |
Pros and Cons
FXTM is a popular and multi-regulated trading provider |
FXTM offers its clients quick deposit and withdrawal methods with short processing times |
There are no deposit fees charged |
There are several educational materials offered |
FXTM offers dedicated, local support in multiple languages |
There are inactivity fees that will be applied if the trading account goes dormant |
How to invest in the FTSE 100
Investing in the FTSE 100, which is an index of the 100 largest companies listed on the London Stock Exchange, can be done through the following steps:
Research and Educate Yourself:
Before investing in the FTSE 100, it’s essential to understand how the index works, its historical performance, and the individual companies included in it. Stay updated with market news, company earnings reports, and economic indicators that can impact the index.
Choose an Investment Vehicle:
There are several ways to invest in the FTSE 100. You can consider purchasing individual stocks of the companies within the index or invest in exchange-traded funds (ETFs) and index funds that track the performance of the FTSE 100. ETFs and index funds offer diversification across multiple companies in the index, reducing individual stock risk.
Open a Brokerage Account:
To invest in the FTSE 100, you’ll need to open a brokerage account with a reputable broker that provides access to the London Stock Exchange. Ensure the broker offers competitive fees, a user-friendly trading platform, and reliable customer support.
Fund Your Account:
Once your brokerage account is set up, deposit funds into it. You can transfer money from your bank account to your brokerage account. Ensure you have enough capital to invest based on your investment goals and risk tolerance.
Execute Trades:
With your account funded, you can now execute trades to invest in the FTSE 100. If you choose individual stocks, research and select the companies you want to invest in and place buy orders for their shares. If you opt for ETFs or index funds, search for funds that track the FTSE 100 and place buy orders for those funds.
Monitor and Review:
Regularly monitor the performance of your FTSE 100 investments. Stay informed about market trends, company news, and any changes in the index’s composition. Periodically review your investment strategy to ensure it aligns with your long-term financial goals.
Remember that investing in the FTSE 100, like any investment, carries risks. It’s essential to do thorough research, diversify your portfolio, and consider seeking advice from a financial professional if needed.
How companies are deemed eligible for the FTSE100
Companies are deemed eligible for the FTSE 100 based on certain criteria set by FTSE Russell, the organization responsible for managing the FTSE indices. The eligibility criteria include:
Market Capitalization:
The primary criterion for inclusion in the FTSE 100 is the market capitalization of a company. It must rank among the 100 largest companies listed on the London Stock Exchange by market capitalization. Market capitalization is calculated by multiplying the company’s share price by its total number of outstanding shares.
Listing and Trading Requirements:
To be eligible for the FTSE 100, a company must have its shares listed on the London Stock Exchange’s Main Market. It must also meet certain liquidity requirements, including minimum trading volume thresholds and minimum free float requirements. Free float refers to the portion of a company’s shares that are available for public trading.
Nationality and Headquarters:
Companies must have a significant connection to the UK to be eligible for the FTSE 100. They must be incorporated under UK law or have their headquarters in the UK.
Quarterly Reviews:
The FTSE 100 is reviewed on a quarterly basis, and companies’ eligibility can change based on their market capitalization rankings. The review takes place in March, June, September, and December. Companies that no longer meet the criteria for the FTSE 100 may be replaced by other eligible companies.
It’s important to note that the FTSE 100 is a market capitalization-weighted index, meaning companies with larger market capitalizations have a greater influence on the index’s performance. The composition of the FTSE 100 can change over time as companies’ market capitalizations fluctuate and new companies become eligible for inclusion.
The Quarterly Review
The Quarterly Review is a periodic assessment conducted by FTSE Russell to determine any changes in the composition of the FTSE 100 index. It takes place four times a year, specifically in March, June, September, and December. The purpose of the review is to ensure that the FTSE 100 remains representative of the 100 largest companies listed on the London Stock Exchange by market capitalization.
During the Quarterly Review, the market capitalization of each company is reassessed. Companies whose market capitalizations have risen significantly may move up in rank and potentially enter the FTSE 100 if they were not previously included. On the other hand, companies whose market capitalizations have fallen may move down in rank or potentially be excluded from the index if they no longer meet the eligibility criteria.
The Quarterly Review serves as a mechanism to reflect the dynamic nature of the market and allows for adjustments in the composition of the FTSE 100. It ensures that the index remains current and relevant by including the largest and most actively traded companies on the London Stock Exchange. Investors and market participants closely follow the outcomes of the Quarterly Review as changes in the FTSE 100 can have implications for investment strategies, index-tracking funds, and overall market sentiment.
Understanding the FTSE 100 share price
The FTSE 100 share price refers to the collective value of the stocks comprising the FTSE 100 index. It is not a single share price but rather an aggregate of the share prices of the 100 companies listed on the London Stock Exchange that make up the index.
The FTSE 100 is a market capitalization-weighted index, meaning that the share prices of the constituent companies have different weights based on their market capitalizations. Companies with larger market capitalizations have a greater influence on the index’s performance. Therefore, changes in the share prices of the larger companies will have a more significant impact on the overall movement of the FTSE 100 index.
To calculate the FTSE 100 share price, the individual share prices of the constituent companies are summed and adjusted based on their respective weights in the index. As share prices fluctuate throughout the trading day, the value of the FTSE 100 share price will also change accordingly. This share price provides a broad measure of the performance of the UK stock market and is used as a benchmark by investors and fund managers.
It’s important to note that the FTSE 100 share price is a reference point and does not imply that an investment can be made directly in the index itself. Investors can, however, invest in funds or financial instruments that aim to track the performance of the FTSE 100.
How to Choose a Forex Broker in Namibia
Choosing a stock broker is an important decision that can greatly impact your trading experience. Here are some key factors to consider when selecting a stock broker:
Regulation and Security:
Ensure that the broker is regulated by a reputable financial authority. Regulatory oversight helps ensure that the broker follows strict guidelines and safeguards clients’ funds. Check for licenses and registrations with authorities such as the Securities and Exchange Commission (SEC) in the United States or the Financial Conduct Authority (FCA) in the United Kingdom. Additionally, consider the broker’s security measures to protect your personal and financial information.
Trading Platform:
Evaluate the broker’s trading platform. It should be user-friendly, reliable, and offer the necessary features and tools for effective trading. Look for features like real-time market data, charting tools, order types, and mobile accessibility. A good trading platform can enhance your trading experience and help you make informed decisions.
Product Offering:
Consider the range of financial products offered by the broker. Ensure that it provides access to the markets and instruments you are interested in trading, such as stocks, bonds, commodities, or forex. A diverse product offering allows you to diversify your portfolio and take advantage of various investment opportunities.
Costs and Fees:
Compare the broker’s fees and commissions. Look for transparent fee structures with no hidden charges. Consider account maintenance fees, trading commissions, spreads, and any other costs associated with trading. Choose a broker that offers competitive pricing and aligns with your trading style and frequency.
Customer Support:
Evaluate the broker’s customer support services. Look for multiple channels of communication, such as phone, email, and live chat. Prompt and knowledgeable customer support can be crucial when you need assistance with account-related queries, technical issues, or general inquiries.
Research and Education:
Consider the broker’s research and educational resources. Access to market analysis, educational materials, webinars, and tutorials can be invaluable, especially for beginners. These resources can help you enhance your trading knowledge and make more informed decisions.
Reputation and Reviews:
Research the broker’s reputation and read reviews from other traders. Look for feedback on aspects such as execution speed, reliability, customer service, and overall user experience. A broker with a positive reputation and good reviews is more likely to provide a satisfactory trading experience.
Remember to assess your own trading needs, goals, and preferences when selecting a stock broker. Consider factors such as your trading style, account size, and risk tolerance. It may be helpful to open a demo account or start with a small deposit to test the broker’s services before committing to a larger investment.
The Best Forex Brokers in Namibia
In this article, we have listed the best Forex brokers for Namibian traders hoping to trade on the FTSE100 index. Of these brokers, we have further identified the forex brokers that offer additional services and solutions to Namibian traders.
Best broker in Namibia offering an Islamic account
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
Exness is the best Forex broker for Namibian traders of the Muslim faith seeking swap-free trading conditions.
Best broker offering commission-free trading to Namibian traders
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
XM offers the best commission-free trading accounts to Nigerian traders, along with competitive spreads.
Best MetaTrader 4 broker in Namibia
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
Tickmill offers the most innovative version of MT4 which is suitable for both beginner and experienced Namibian traders.
Best broker for asset diversity in Namibia
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
TD Ameritrade offers a broad investment portfolio that will provide Namibian traders with a wide asset selection.
Best broker with a low minimum deposit for Namibian traders
Min Deposit
10 USD / 186 NAD
Regulators
FSC
Trading Desk
MT4, MT5, MobileTrader, StockTrader, WebTrader
Crypto
Yes
Total Pairs
32
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
RoboForex has a low entry requirement for Namibian traders, providing access to beginner and advanced traders into the investment markets.
Best broker with no deposit fees for Namibian traders
Min Deposit
100 USD / 1,883 NAD
Regulators
FCA, ASIC, JFSA, FMA, MAS, MiFID
Trading Desk
Plus500 Mobile App, WebTrader
Total Pairs
70
Crypto
Yes (Availability subject to regulations)
Trading Fees
Low
Account Activation Time
24 Hours
Plus500 charges no deposit fees for Namibian traders alongside a transparent pricing structure.
Best broker for beginner traders in Namibia
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
Pepperstone has a wealth of educational resources which will be of great benefit to beginner traders in Namibia.
Best broker for automated trading in Namibia
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
Octa offers excellent copy trading software on its proprietary trading platform.
Best broker offering negative balance protection in Namibia
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
Oanda offers negative balance protection on all of its retail accounts, ensuring that Namibian traders will never go below their initial deposit.
Best customer support broker for Namibian traders
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
FXTM is renowned for its fast, and reliable customer support offered by a multilingual support team.
Conclusion
In Conclusion the best FTSE 100 brokers are Exness, XM, Tickmill, TD Ameritrade, RoboForex, Plus500, Pepperstone, Octa, OANDA and FXTM.
With minimum deposit requirements spanning from 0 USD to 100 USD, these brokers accommodate a wide range of traders, from beginners to more experienced professionals. Importantly, all these brokers are associated with the FTSE 100, indicating a level of reliability and market presence.
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Frequently Asked Questions
What is the FTSE100?
The FTSE 100 is considered by the majority of investors and traders to be the most relevant and important indication of the overall health of the United Kingdom’s economy and stock market.
Why trade the FTSE100?
The FTSE100 gives traders access to some of the leading companies in the UK economy without having to own shares in these companies.
How to get started with an FTSE100 broker?
To get started with trading on the FTSE100, sign up with a reputable broker and deposit into your trading account. Then, choose the best instrument for your trading approach, and get started.
What is the FTSE100 index?
It stands for the Financial Times Stock Exchange and is measured by the weighted average of all LSE stocks. The FTSE 100 index is made up of shares from the London Stock Exchange’s 100 largest companies.
How do traders use the FTSE100?
Traders have discovered that the swings of the FTSE are predictable enough that they can predict when the index will increase and fall and profit from this prediction.
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