Forex Brokers Namibia
Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here
Forex Brokers Namibia

6 Best FTSE 250 Brokers in Namibia

The 7 Best FTSE 250 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  two hundred and fifty index forex brokers in Namibia. 

In this in-depth guide you’ll learn: 

  • What is the FTSE 250 Index? 
  • How to trade and invest on the FTSE Index? 
  • Who are the best FTSE Brokers for Namibian Traders? 
  • How to choose a forex broker for your trading style. 
  • What is a shared cast? 
  • What is the FTSE all-share index? 
  • Which broker offers a low minimum deposit of $5 (85 NAD) 


And lots more…
 

So if you’re ready to go “all in” with the best FTSE 250 brokerages for Namibians… 

Let’s dive right in… 

Updated : November 30, 2023

Best FTSE 250 Brokers in Namibia – Comparison

🏛️ Broker🎉 Open An Account✔️ FTSE 250 Broker?💳 Minimum Deposit (NAD)💻 Trading Platforms
1. Capital.comOpen AccountYes20 USD / 376 NADCapital.com Mobile App, WebTrader
2. IG GroupOpen AccountYes0 USD / 0 NADMetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API
3. AdmiralsOpen AccountYes1 USD / 18 NADMetaTrader 4, MetaTrader 5, Admirals Mobile App
4. XMOpen AccountYes5 USD / 94 NADMetaTrader 4, MetaTrader 5, XM Mobile App
5. Trade NationOpen AccountYesUSD 0 / 0 NADMetaTrader 4, Trade Nation proprietary platform
6. Plus500Open AccountYes100 USD / 1,883 NADPlus500 Mobile App, WebTrader

10 Best Forex Brokers in Namibia

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

CySEC, FSA, FCA, FSC, FSCA, CMA

$10

#3

FSC, DFSA, CySEC, ASIC, CMA

$5

#4

FSA, CySEC, FSCA, FSC

$1

#5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

$0

#6

CySEC, ASIC, FSCA

$100

#7

FSCA, FSC, FSA

$10

#9

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

$10

#10

Read Review

FSCA, FSA

$5

#1

$100

Minimum Deposit

#2

$10

Minimum Deposit

#3

$5

Minimum Deposit

#4

$1

Minimum Deposit

#5

$0

Minimum Deposit

#6

$100

Minimum Deposit

#7

$10

Minimum Deposit

#8

$5

Minimum Deposit

#9

$10

Minimum Deposit

#10

$5

Minimum Deposit

What is the FTSE250 Index?

The FTSE 250 Index, also known as the FTSE 250, is a stock market index consisting of the 250 largest companies listed on the London Stock Exchange (LSE) outside of the FTSE 100 Index.

 

The FTSE 250 is considered a broader indicator of the performance of the UK stock market compared to the FTSE 100, which consists of the 100 largest companies by market capitalization. 

6 Best FTSE 250 Brokers in Namibia (2024)

  1. Capital.com – Overall, Top Broker Accepting NAD Deposits
  2. IG Group – User-Friendly MetaTrader4 Broker for Namibians
  3. Admirals – Top Forex Broker for Beginner Traders
  4. XM – Verified Broker to Offer Negative Protection Balance
  5. Trade Nation – Best Broker with No Minimum Deposits
  6. Plus500 – Best Commission-Free Broker for Namibians

1. Capital.Com

Capital.com is an online trading platform that provides access to a wide range of financial instruments for traders in Namibia. The platform offers an intuitive and user-friendly interface, making it suitable for both beginner and experienced traders. 

 

One of the notable features of Capital.com is its extensive selection of tradable assets, including stocks, cryptocurrencies, commodities, indices, and forex. Traders can diversify their portfolios and take advantage of various market opportunities across different asset classes. The platform provides real-time market data, advanced charting tools, and technical analysis indicators to assist traders in making informed trading decisions. 

 

Overall Rating

Min Deposit

20 USD / 376 NAD

Regulators

ASIC, FCA, Cyprus, SCB, MiFID

Trading Desk

Capital.com Mobile App, WebTrader

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

 

Capital.com also offers a mobile application that allows traders to access their accounts and trade on the go. The app provides a seamless trading experience with features such as price alerts, personalized news updates, and the ability to manage positions and orders directly from a mobile device. This flexibility enables traders to stay connected to the markets and take advantage of trading opportunities at any time. 

 

While Capital.com is available to Namibian traders, it is important to comply with local regulations and ensure that you meet any legal requirements for trading and investing in Namibia. It is advisable to familiarize yourself with the local laws and regulations governing financial trading and seek appropriate guidance before using the Capital.com platform or engaging in trading activities. 

 

Capital.com Overview

Account FeatureValue
💻 Trading PlatformsCapital.com Mobile App, WebTrader
💳 Minimum Deposit20 USD / 376 NAD
🔎 Trading AccountsRetail account, Professional account
📊 SpreadFrom 0.6 pips
💰 CommissionsNone
📈 Maximum Leverage1:30
⚖️ RegulationASIC, FCA, Cyprus, SCB, MiFID
🎉 Open AccountOpen Account

 

Capital.com - FTSE 250

 

Pros and Cons

✔️ Pros❌ Cons
Capital.com is a well-regulated broker that reports excellent user experienceThere are restrictions on leverage ratios
Capital.com offers a proprietary platform, mobile trading apps, and MetaTrader 4The spreads are marked-up
There is a transparent fee structure with tight spreads, commission-free trading, and a reasonable overnight fee charge
Offers thematic investments and Capital.com TV
The broker accepts all trading strategies including algorithmic trading, mobile trading, scalping, and other

 

2. IG Group

IG review

 

IG Group is a well-established global financial services provider that offers its services to traders in Namibia and worldwide. Founded in 1974, IG Group has decades of experience in the industry and is known for its comprehensive range of financial instruments and advanced trading platforms. 

 

Namibia traders can access a wide variety of financial instruments on the IG Group platform, including forex, indices, commodities, shares, and cryptocurrencies. This diverse selection allows traders to explore different markets and trading opportunities. 

 

IG Group offers different account types to cater to the needs of various traders, including retail clients and professional traders. Each account type has its own features and trading conditions, providing flexibility and choice for traders based on their preferences and experience. 

 

The broker provides cutting-edge trading platforms, including the popular IG trading platform and the MetaTrader 4 platform. These platforms offer advanced charting tools, a wide range of technical indicators, and various order types, enabling traders to execute trades efficiently and effectively. 

 

Overall Rating

Min Deposit

250 USD / 4,700 NAD

Regulators

FCA, BaFin CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA

Trading Desk

MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API

Crypto

Yes

Total Pairs

80

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

 

IG Group prioritizes security and regulatory compliance, holding licenses from reputable financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC). This ensures a high level of trust and reliability for traders. 

 

Moreover, IG Group offers educational resources, including webinars, tutorials, and educational articles, to support traders in expanding their trading knowledge and skills. The broker also provides customer support that is available to assist traders with any inquiries or technical issues they may encounter. 

 

Overall, IG Group is a reputable financial services provider with a wide range of financial instruments, advanced trading platforms, strong regulatory oversight, educational resources, and responsive customer support. It can be an attractive choice for traders in Namibia looking for a reliable and feature-rich trading experience.

 

IG Overview

Account FeatureValue
💻 Trading PlatformsMetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API
💳 Minimum Deposit0 USD / 0 NAD
🔎 Trading AccountsIG Trading Account, Limited Risk Account, Islamic Account (Dubai traders only), Demo Account
📊 SpreadFrom 0.0 pips
💰 Commissions$5 per lot
📈 Maximum Leverage50:1
⚖️ RegulationFCA, BaFin CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA
🎉 Open AccountOpen Account

 

IG - FTSE 250

 

Pros and Cons

✔️ Pros❌ Cons
IG has a long list of licenses, regulations, and authorizations from around the world, giving it a very high trust score of 99%There is a high minimum deposit
IG offers several account types per global regionThere are deposit fees charged
There are flexible trading and non-trading fees, ensuring that all types of traders receive tailored solutionsOnly Dubai residents can apply for the Islamic Account
Namibia traders are welcomed and given access to over 17,000 marketsThere is a limited selection of deposit and withdrawal methods
There is a selection of trading platforms that cater towards different trading styles and levels of trading experienceThere is no NAD-denominated account
There are no fees charged on withdrawalsNamibia traders will face currency conversion fees

3. Admirals

Admirals review

 

Admiral Markets is a reputable global forex and CFD broker that provides online trading services to traders in Namibia and worldwide. Established in 2001, Admiral Markets has gained a solid reputation for its comprehensive range of financial instruments and advanced trading technology. 

 

Namibia traders can access a wide array of financial instruments on the Admiral Markets platform, including currency pairs, commodities, indices, stocks, and cryptocurrencies. This diverse selection allows traders to explore different markets and trading opportunities. 

 

Admiral Markets offers various trading account types to cater to the needs of different traders, including retail clients and professional traders. Traders can choose between accounts with different features and trading conditions, depending on their preferences and experience. 

 

The broker utilizes the MetaTrader 4 and MetaTrader 5 trading platforms, renowned for their user-friendly interfaces, powerful charting tools, and extensive range of technical indicators. These platforms also support automated trading through expert advisors (EAs) and provide access to additional tools for advanced analysis. 

 

Overall Rating

Min Deposit

470 NAD / 25 USD 

Regulators

FCA, ASIC, CySEC, JSC, FSCA, FSA, CMA

Trading Desk

MetaTrader 4, MetaTrader 5, Admirals Mobile App

Crypto

Yes

Total Pairs

82+

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Admiral Markets places a strong emphasis on security and regulatory compliance, holding licenses from well-respected financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). This ensures a high level of trust and reliability for traders. 

 

Moreover, Admiral Markets provides educational resources such as webinars, seminars, tutorials, and market analysis to support traders in enhancing their trading skills and knowledge. The broker also offers responsive customer support to assist traders with any inquiries or technical issues they may encounter. 

 

Overall, Admiral Markets is a reputable broker with a wide range of financial instruments, advanced trading platforms, strong regulatory oversight, educational resources, and responsive customer support. It can be an appealing choice for traders in Namibia seeking a reliable and feature-rich trading experience. 

 

Admirals Overview

Account FeatureValue
💻 Trading PlatformsMetaTrader 4, MetaTrader 5, Admirals Mobile App
💳 Minimum Deposit1 USD / 18 NAD
🔎 Trading AccountsTrade.MT5, Invest.MT5, Zero.MT5, Trade.MT4, Zero.MT4
📊 Spread0.0
💰 CommissionsStocks & ETFs – from 0.02 USD per share
📈 Maximum Leverage1:1000
⚖️ RegulationFCA, ASIC, CySEC, JSC, FSCA, FSA, CMA
🎉 Open AccountOpen Account

 

Admirals - FTSE 250

 

Pros and Cons

✔️ Pros❌ Cons
Admirals is well-regulated in several regions globallyThere is an inactivity fee charged
Admirals offers commission-free optionsNamibia traders are subject to currency conversion fees
The broker accepts Namibian traders despite their trading skills or trading strategiesThere are deposit and withdrawal fees charged
There are user-friendly platforms available across devicesThere are deposit and withdrawal fees charged
There is a wide range of tradable markets, complex instruments, and leveraged productsThere are admin fees charged on the Islamic account
Admirals offers the MetaTrader Supreme EditionThere is only one account type that can be converted to an Islamic Account
Traders are given access to premium analytics
There are several educational materials, resources, and tools offered

 

4. XM

XM review

 

XM is an online brokerage firm that offers trading services to traders in Namibia. It provides access to a wide range of 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. 

 

Overall Rating

Min Deposit

5 USD / 95 NAD

Regulators

FSCA, IFSC, ASIC, CySEC, DFSA, FCA

Trading Desk

MT4, MT5, XM Mobile App

Total Pairs

57

Islamic Account

Yes

Trading Fees

No (Just spread) 

Account Activation

24 Hours

 

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

Account FeatureValue
💻 Trading PlatformsMetaTrader 4, MetaTrader 5, XM Mobile App
💳 Minimum Deposit5 USD / 94 NAD
🔎 Trading AccountsMicro Account, Standard Account, XM Ultra-Low Account, Shares Account
📊 Spread0.7 pips
💰 Commissions$1 to $9
📈 Maximum Leverage1:1000
⚖️ RegulationFSCA, IFSC, ASIC, CySEC, DFSA, FCA
🎉 Open AccountOpen Account

 

XM

 

Pros and Cons

✔️ Pros❌ Cons
XM is a well-regulated and trusted online broker with more than 5 million active clientsFixed spread accounts are not offered
Client fund security is guaranteed, and investor protection is offeredThere are some restrictions applied to United States, Canada, Israel, and Iran clients
Negative balance protection is applied to all retail accounts, guarding investors against market volatilityThere is an inactivity fee applied to dormant retail investor accounts
There is a choice between dynamic account types and trading platforms
XM has won several industry awards since its inception in 2009
There are several convenient funding options offered and a wide range of deposit currencies that can be used
There are no commissions charged on deposits or withdrawals

 

5. Trade Nation

Trade Nation review

 

Trade Nation is an online trading platform that provides services to traders in Namibia. It offers various financial instruments, including forex, commodities, indices, and shares, allowing traders to diversify their portfolios and take advantage of various market opportunities. With its user-friendly interface and comprehensive trading tools, Trade Nation caters to novice and experienced traders. 

 

One of the notable features of Trade Nation is its emphasis on education and support. The platform provides educational resources, including tutorials, webinars, and articles, to help traders enhance their trading skills and knowledge. Additionally, Trade Nation offers customer support services, ensuring traders can receive assistance when needed. 

 

Overall Rating

Min Deposit

USD 0 / 0 NAD

Regulators

FCA, ASIC, FSCA, SCB

Trading Desk

MetaTrader 4, Trade Nation proprietary platform

Crypto

Yes

Total Pairs

33

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Trade Nation offers a variety of account types to suit different trading preferences. Whether traders prefer fixed or variable spreads, access to advanced trading platforms, or simplicity with a user-friendly interface, Trade Nation aims to cater to their needs. The platform also provides a mobile application, allowing traders to access their accounts and trade on the go. 

 

Before trading with Trade Nation, it is important for Namibian traders to ensure compliance with local regulations and any legal requirements. Familiarize yourself with the laws governing financial trading in Namibia and seek appropriate guidance if necessary. Additionally, it is recommended to review Trade Nation’s terms and conditions, account features, and available services to determine if they align with your trading objectives before opening an account with them. 

 

Trade Nation Overview

Account FeatureValue
💻 Trading PlatformsMetaTrader 4, Trade Nation proprietary platform
💳 Minimum DepositUSD 0 / 0 NAD
🔎 Trading AccountsSingle retail account
📊 SpreadFrom 0.6 pips
💰 CommissionsNone
📈 Maximum Leverage1:200
⚖️ RegulationFCA, ASIC, FSCA, SCB
🎉 Open AccountOpen Account

 

Trade Nation

 

Pros and Cons

✔️ Pros❌ Cons
Trade Nation does not charge a minimum deposit, offering Namibian traders with flexibilityThere is a limited selection of funding options
The broker offers transparent fixed financial spread trading across several asset classesThe spread costs are not the lowest in the industry
There is a powerful desktop platform, innovative mobile trading app, and web-based trading platformThere are leverage restrictions on the UK and Australian clients
There is commission-free trading offeredUnited States clients are not accepted
There is a wide selection of educational content and beginner guides as part of an all-inclusive education material packageInactivity account fees may apply
There is a dedicated customer service team offered
Trade Nation offers international stability through a well-established regulatory framework

 

6. Plus500

Plus500 review

 

Plus500 is an online trading platform that offers services to traders in Namibia. It provides access to various financial instruments, including forex, stocks, commodities, indices, and cryptocurrencies. With its user-friendly interface and intuitive design, Plus500 caters to traders of all experience levels. 

 

One of the standout features of Plus500 is its proprietary trading platform. The platform is web-based and also available as a mobile application, allowing traders to access their accounts and trade on various devices. The platform provides real-time market data, advanced charting tools, and a user-friendly trade execution interface. Plus500 also offers a free demo account that enables traders to practice and familiarize themselves with the platform before trading with real funds. 

 

Overall Rating

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 is known for its competitive spreads and transparent fee structure. Traders can benefit from tight spreads, which can help reduce trading costs. The platform also offers leveraged trading, allowing traders to open larger positions with a smaller initial investment. However, it is important to note that leverage carries risks and should be used with caution. 

 

Before trading with Plus500, Namibian traders should ensure compliance with local regulations and any legal requirements. It is recommended to familiarize yourself with the laws governing financial trading in Namibia and seek appropriate guidance if needed. Additionally, review Plus500’s terms and conditions, available financial instruments, and risk disclosure to ensure they align with your trading goals and risk tolerance before opening an account.

 

Plus500 Overview

Account FeatureValue
💻 Trading PlatformsPlus500 Mobile App, WebTrader
💳 Minimum Deposit100 USD / 1,883 NAD
🔎 Trading AccountsPlus500 CFD, Plus500 Invest, Plus500 Futures
📊 Spreadfrom 0.8 pips
💰 CommissionsNone
📈 Maximum Leverage1:300
⚖️ RegulationFCA, ASIC, JFSA, FMA, MAS, MiFID
🎉 Open AccountOpen Account

 

Plus500

 

Pros and Cons

✔️ Pros❌ Cons
Plus500 is well-regulated and has a high trust scoreThere is an inactivity fee charged on dormant accounts after a few months of inactivity
There is multilingual customer service offered 24/7 across communication channelsGuaranteed stops come at an additional charge
All client funds are held in segregated accountsPlus500 restricts retail traders in certain regions
There is a wide range of markets to choose fromRestricted maximum leverage
The trading costs are low and can suit any financial restrictions that traders may have, especially novice tradersTrading strategies such as expert advisors, automated trading, hedging, scalping, and others, are prohibited
There are no commissions charged on tradesThere is no desktop platform offered
There are no deposit fees charged
The proprietary platform is robust

 

Understanding the FTSE 250

Understanding the FTSE 250

 

 

The FTSE 250, also known as the FTSE 250 Index, is a stock market index in the United Kingdom. It is comprised of the 250 largest companies listed on the London Stock Exchange (LSE) that fall outside the FTSE 100 Index. The FTSE 100 represents the 100 largest companies by market capitalization, while the FTSE 250 includes the subsequent 250 companies in terms of size. 

 

The FTSE 250 serves as a benchmark for the performance of mid-cap companies in the UK. These companies are generally considered to be smaller than those in the FTSE 100, but still significant in terms of market capitalization. The index covers a diverse range of sectors, including finance, industrials, consumer goods, healthcare, and technology, providing a broader representation of the UK stock market compared to the FTSE 100. 

 

The FTSE 250 is weighted by market capitalization, meaning that companies with larger market values have a greater impact on the index’s movements. The index is reviewed quarterly to ensure it accurately reflects the current market conditions and the rankings of companies by market capitalization. 

 

Investors and financial professionals use the FTSE 250 as a barometer of the health and performance of mid-cap companies in the UK. It serves as a tool for tracking and comparing the performance of portfolios or investment funds that focus on this segment of the market. Additionally, the FTSE 250 is the underlying index for various financial products, such as exchange-traded funds (ETFs) and derivatives, which allow investors to gain exposure to the index’s performance. 

How to trade and invest on the FTSE 250

How to trade and invest on the FTSE 250

 

 

Trading and investing in the FTSE 250 can be done through various methods. Here are some steps to get started: 

 

Choose a Brokerage:  

Select a reputable brokerage firm that provides access to the UK stock market and specifically the FTSE 250. Ensure the brokerage offers a user-friendly trading platform, competitive fees, and reliable customer support. 

 

Open a Trading Account:  

Complete the account opening process with your chosen brokerage. This typically involves providing personal information, verifying your identity, and agreeing to the terms and conditions. 

 

Fund Your Account:  

Deposit funds into your trading account. This will allow you to have capital available for investing in the FTSE 250. 

 

Research and Analysis:  

Conduct thorough research on the companies listed in the FTSE 250. Analyze their financial health, performance, industry trends, and any relevant news or events that may impact their stock prices. This information will help you make informed investment decisions. 

 

Choose an Investment Strategy:  

Decide whether you want to trade the FTSE 250 actively or invest in it for the long term. Active trading involves buying and selling stocks frequently to take advantage of short-term price movements, while long-term investing focuses on holding stocks for an extended period, potentially benefiting from overall market growth and dividends. 

 

Place Orders:  

Use your brokerage’s trading platform to place orders to buy or sell FTSE 250 stocks. You can set the desired price and quantity of shares you wish to trade. There are different order types available, such as market orders (executed immediately at the prevailing market price) or limit orders (executed only if the stock reaches a specified price). 

 

Monitor and Manage Your Investments:  

Regularly monitor the performance of your FTSE 250 investments. Stay updated on market news and factors that may impact the index. Consider setting stop-loss orders to protect against significant losses and take-profit orders to secure profits at desired levels. 

 

Diversify Your Portfolio:  

It is generally recommended to diversify your investments across different sectors and companies within the FTSE 250. This helps spread risks and capture potential opportunities from various industries. 

 

Remember, investing in the FTSE 250 carries risks, and it’s essential to make informed decisions based on thorough research and analysis. If you are new to investing or unsure about the process, consider seeking guidance from a financial advisor or doing further research to enhance your knowledge. 

How to Choose a Forex Broker

How to Choose a Forex Broker

 

Choosing a forex broker is an important decision for any trader, as it can significantly impact their trading experience and profitability. Here are some factors to consider when choosing a forex broker: 

 

Regulation 

It’s important to choose a broker that is regulated by a reputable financial authority in their home country or the country where they operate. This provides a level of protection for traders, as regulated brokers must adhere to certain standards and rules. 

 

Trading platforms 

The broker’s trading platform should be user-friendly, and reliable, and offer a range of tools and features that suit the trader’s needs. Traders should consider whether the platform is available on desktop and mobile devices and whether it offers access to a range of financial instruments. 

 

Spreads and fees

Traders should compare spreads and trading fees across different brokers to find the most competitive pricing. While low spreads can be beneficial, traders should also consider other fees such as commissions and swap rates. 

 

Customer support

The broker should offer responsive and helpful customer support that is available through multiple channels, such as phone, email, and live chat. 

 

Educational resources

The broker should provide educational resources such as webinars, tutorials, and market analysis to help traders improve their skills and knowledge. 

 

Deposit and withdrawal options

Traders should consider the broker’s deposit and withdrawal options and ensure that they support their preferred payment methods. 

 

Reputation

Traders should research the broker’s reputation online and look for reviews from other traders to get an idea of their experience with the broker. 

 

By considering these factors, traders can choose a forex broker that meets their needs and helps them achieve their trading goals. 

The Best Forex Brokers in Namibia

The brokers on this list offer the best access to the FTSE 250 index. Of these brokers, we have further identified the forex brokers that offer additional services and solutions to Namibian traders.

 

Best Forex Broker for Beginners

Overall Rating

Min Deposit

470 NAD / 25 USD 

Regulators

FCA, ASIC, CySEC, JSC, FSCA, FSA, CMA

Trading Desk

MetaTrader 4, MetaTrader 5, Admirals Mobile App

Crypto

Yes

Total Pairs

82+

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Admirals are the best Forex broker for beginners in Namibia, as they offer a comprehensive educational selection with regularly updated resources and a user-friendly trading environment.

 

Best MT4/MetaTrader 4 Broker in Namibia

Overall Rating

Min Deposit

250 USD / 4,700 NAD

Regulators

FCA, BaFin CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA

Trading Desk

MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API

Crypto

Yes

Total Pairs

80

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

 

IG Group is the Best MT4 broker in Namibia which provides excellent technical support along with a streamlined trading interface.

 

Best Broker accepting NAD deposits

Overall Rating

Min Deposit

20 USD / 376 NAD

Regulators

ASIC, FCA, Cyprus, SCB, MiFID

Trading Desk

Capital.com Mobile App, WebTrader

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

 

Capital.com is the best broker that accepts NAD deposits in Namibia, along with a transparent and competitive fee structure.

 

Best broker offering negative balance protection

Overall Rating

Min Deposit

5 USD / 95 NAD

Regulators

FSCA, IFSC, ASIC, CySEC, DFSA, FCA

Trading Desk

MT4, MT5, XM Mobile App

Total Pairs

57

Islamic Account

Yes

Trading Fees

No (Just spread) 

Account Activation

24 Hours

 

XM is the best broker for Namibian traders seeking negative balance protection, which guards all retail accounts from incurring losses that exceed their deposits.

 

Best broker with no minimum deposit

Overall Rating

Min Deposit

USD 0 / 0 NAD

Regulators

FCA, ASIC, FSCA, SCB

Trading Desk

MetaTrader 4, Trade Nation proprietary platform

Crypto

Yes

Total Pairs

33

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Trade Nation is the best broker in Namibia that has no minimum deposit requirement, which allows Namibian traders greater flexibility to begin trading the Forex markets with a capital amount that suits them.

 

Best commission-free broker in Namibia

Overall Rating

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 is the best commission-free broker in Namibia, offering excellent pricing on their spreads and a transparent pricing environment.

Conclusion

In Conclusion the best FTSE 250 Brokers are Capital.com, IG, Admirals, XM, Trade Nation and Plus500. Each broker is affiliated with the FTSE 250, ensuring a level of credibility and reliability in the financial markets.

 

The minimum deposit requirements, ranging from 0 USD to 100 USD, allow for flexibility, accommodating both novice and experienced traders. 

you might also like: Best Nasdaq 100 Forex Brokers

you might also like: Best CFD Trading Platforms

you might also like: Best Low Spread Forex Brokers

you might also like: Best High Leverage Forex Brokers

you might also like: Best Day Trading Strategies

Frequently Asked Questions

What is FTSE 250? 

The FTSE 250 is a stock market index that tracks the 250 LSE-listed members that follow the 100 blue-chip and the largest FTSE 250 businesses and is commonly referred to as the “UK 250” by traders who prefer share dealing, spread betting, and CFD transactions. 

 

What is a FTSE 250 company? 

Stock traders that prefer share dealing, spread betting, and CFD transactions often refer to the FTSE 250 index as the “UK 250,” which measures the 250 LSE-listed members that track the 100 blue-chip and largest FTSE 250 companies. 

 

How to get started with a FTSE 250 company? 

To get started you will need to open an account with a reputable broker featured on this list and make a deposit into your live trading account. 

 

How do you invest in FTSE 250? 

Investing in an index fund may be the most common way for investors to obtain exposure to the FTSE 250 index. The performance of the FTSE 250 index is replicated through the holdings of index funds. Other options include FTSE 250 tracker funds, ETFs and equities or index futures. 

 

What is the smallest company in the FTSE 250? 

The smallest company listed on the FTSE 250 index is TBC Bank Group PLC with a market cap of (£m) 586.86. 

9.3/10 - (12 votes)