Forex Brokers Namibia
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Forex Brokers Namibia

9 Best High Leverage Forex Brokers in Namibia

The 9 Best High Leverage Forex Brokers in Namibia revealed. We tested and verified the best high-leverage brokers operating in Namibia.

This is a complete list of high-leverage brokers in Namibia.

In this in-depth guide you’ll learn:

  • What are high-leverage forex brokers?
  • Which Forex Brokers are best for beginner traders?
  • Which brokers offer 1:100, 1:3000, and 1:5000 leverages?
  • How to choose a forex broker – compare them against each other.
  • Which high-leverage broker offers the best NAD sign-up bonus?
  • Which broker offers a mobile app to Namibia traders?


And lots more…

So if you’re ready to go “all in” with the best-tested high-leverage forex brokers for Namibians…

Let’s dive right in…

Updated : December 4, 2023

9 Best High Leverage Forex Brokers in Namibia – Comparison 

🥇 Broker🎉 Open Account✔️ Maximum Leverage💰 Minimum Deposit?📞 Margin Call/ Stop-out
1. AvaTradeOpen Account1:30 (Retail)

1:400 (Pro)
100 NAD / 1,862 NAD50% / 10%
2. SuperForexOpen Account1:10001 USD / 18 NAD80% / 50%
3. JustMarketsOpen Account1:300010 USD / 186 NAD40% / 20%
4. HFMOpen Account1:20000 USD / 0 NAD50% / 20%
5. FXTMOpen Account1:200010 USD / 186 NAD80% / 50%
6. FBSOpen Account1:30005 USD / 93 NAD40% / 20%
7. RoboForexOpen Account1:200010 USD / 186 NAD100% / 50%
8. ExnessOpen AccountUnlimited10 USD / 186 NAD60% / 0%
9. AlpariOpen Account1:30005 USD / 93 NAD100% / 80%

Top 10 Brokers

Broker

Rating

Regulators

Min Deposit

Leverage

Sign Up Bonus

Spreads

Website

1

9/10

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

$10

1:Unlimited

10%

0.1 pips

2

8/10

ASIC, FSA

$100

1:400

40 USD

0.91 pips

3

8/10

FCA, ASIC, FSCA, SCB

$0

1:200

1000 Points

0.4 pips

4

7.8/10

CySEC, FSC, CFTC

$5

1:500

30 USD

1 pips

5

7.7/10

FSA, FSCA

$100

1:200

20 USD

0.9 pips

6

7.6/10

FSA, CySec

$1

1:3000

30 USD

0.3 pips

7

8/10

IFSC, CySEC

$100

1:3000

100 USD

0 pips

8

7/10

FSC, IFSC, MFSC

$10

1:400

50%

0.4 pips

9

7.9/10

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

$0

1:200

1000 USD

0.2 pips

10

7.6/10

CySec, FSC, FSA, BaFin, NFA

$100

1:200

30%

1.5 pips

Top 10 Brokers

Broker

Deposit

Leverage

Website

1

$10

1:Unlimited

2

$100

1:400

3

$0

1:200

4

$5

1:500

5

$100

1:200

6

$100

1:3000

7

$100

1:3000

8

$10

1:400

9

$0

1:200

10

$100

1:200

What are high-leverage forex brokers?

High-leverage forex brokers are financial intermediaries that provide traders with the ability to control larger positions in the foreign exchange market than their actual capital would permit.

 

Leverage is essentially a loan provided by the broker to the trader, amplifying the potential returns (or losses) on an investment.

9 Best High Leverage Forex Brokers in Namibia (2024)

  1. AvaTrade – Overall, the Best High Leverage Broker in Namibia
  2. SuperForex – Offers Both Variable and Free Spreads
  3. JustMarkets – Well-Rounded Affiliate Program Offered
  4. HFM – Comprehensive Market Analysis Supplied
  5. FXTM – Withdrawal Processing Times Are Quick
  6. FBS – Ultra Low-Minimum Deposit Required
  7. RoboForex – Several Flexible Account Types Offers
  8. Exness – Powerful Proprietary Mobile App Available
  9. Alpari – Multilingual Support Team Provided

1. AvaTrade

Avatrade review

 

AvaTrade is a suitable option for Namibian retail clients seeking high-leverage options. The broker offers leverage of up to 1:400, although this depends on the trader’s location and asset class.

 

For instance, traders based in certain regions will be subject to the standard 1:30 leverage limit, while those in jurisdictions without such caps can be offered higher limits. In addition, professional clients are eligible for leverage ratios of up to 1:400.

 

Overall Rating

Min Deposit

100 USD / 1,900 NAD

Regulators

Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC

Trading Desk

AvaTrade WebTrader, AvaTradeGO, AvaOptions, AvaSocial, MT4, MT5, DupliTrade, ZuluTrade

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Furthermore, AvaTrade is a CFD broker that offers access to various financial instruments, including stocks, indices, cryptocurrencies, and commodities. The minimum first-time deposit requirement is $100; demo accounts are available to registered users.

 

AvaTrade Overview

FeatureInformation
⚖️ RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
✔️ BoN Regulation?No
📊 Trading AccountsRetail Investor Account, Professional Account Option
💻 Trading PlatformAvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade
💰 Minimum Deposit (NAD)100 NAD / 1,862 NAD
💵 Trading AssetsForeign 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 spread0.9 pips EUR/USD
📊 Demo AccountYes
☪️ Islamic AccountYes
✅ Social Trading OfferedYes
👉 Open AccountOpen Account

 

AvaTrade - High Leverage

 

Pros and Cons

✔️ Pros ❌ Cons
AvaTrade is multi-regulated and one of the most trusted online trading brokers in the worldVariable spreads are not offered
There is a wide range of financial instruments that can be traded across financial marketsThere is a limited choice between account types
There are several technical indicators, economic indicators, and other solutions for advanced tradersInactivity fees are applied
There are several trading platforms to choose fromCurrency conversion fees may be applied
There is a decent selection of educational material that helps beginner traders navigate complex instruments and lower the degree of risk they are often exposed toThere is a limited number of base currency options offered on accounts
There is a multitude of social trading opportunities offered
The broker accepts any trading strategy including automated trading, expert advisors, scalping, hedging, and others.

 

2. SuperForex

SuperForex review

 

SuperForex was established in 2013 and is an STP and ECN broker based in Belize. SuperForex lets Namibian traders participate in CFD and forex trading. Furthermore, traders can choose from 11 retail trading accounts with unique features and benefits.

 

Overall Rating

Min Deposit

1 USD / 18 NAD

Regulators

IFSC

Trading Desk

Metatrader 4, Mobile App

Crypto

Yes

Total Pairs

300

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

 

SuperForex requires a low minimum deposit of $1 / 17 NAD and provides traders leverage up to 1:2000, allowing them to start trading 400 financial instruments. SuperForex has over 150,000 clients worldwide, and traders can expect spreads from 0.0 pips.

 

SuperForex Overview

FeatureInformation
⚖️ RegulationIFSC
⚖️ BoN RegulationNo
✔️ Accepts Namibian Traders?Yes
💳 Minimum deposit (NAD)1 USD / 18 NAD
📊 Average spread fromVariable spread
📈 Maximum Leverage1:1000
👥 Customer Support 24/5
🎉 Open AccountOpen Account

 

SuperForex - High Leverage

 

Pros and Cons

✔️ Pros❌ Cons
The broker offers both variable and fixed spreadsUnregulated and offshore broker
There is no minimum deposit requirementThere are several regions restricted from accessing SuperForex’s services
There are daily analysis tools and trading signals availableSpreads are marked-up
VPS access is provided to eligible clientsThere is a limited selection of markets offered
There are several flexible account types to choose from

 

3. JustMarkets

JustMarkets review

 

JustMarkets is a subsidiary of Just Global Markets Ltd., a brokerage business established in 2012. JustMarkets is a broker that caters to customers from Namibia, offering an average spread starting from 0.0 pips and a $6 round turn commission rate.

 

Furthermore, JustMarkets also provides a maximum leverage ratio of up to 1:3000, a demo account, and an account compliant with Islamic law. JustMarkets supports various platforms, including MT4, MT5, and the JustMarkets App.

 

Overall Rating

Min Deposit

10 USD / 186 NAD

Regulators

FSA, CySec, FSCA, FSC

Trading Desk

MetaTrader 4, MetaTrader 5, JustMarkets App

Crypto

Yes

Total Pairs

240+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

 

JustMarkets is regulated by the Financial Services Authority (FSA) and is headquartered in Seychelles.

 

In addition, there is a range of flexible trading accounts, including Islamic swap-free, commission-based, commission-free, and ECN options, each with features and conditions suitable for distinct types of traders.

 

JustMarkets Overview

FeatureInformation
⚖️ RegulationFinancial Services Authority (FSA)
💻 Account Types• MT4 Standard Cent Account
• MT4 Standard Account
• MT4 Pro Account
• MT4 Raw Spread Account
• MT5 Standard Account
• MT5 Pro Account
• MT5 Raw Spread Account
📊 Maximum Leverage Ratios per Instrument• Indices
• Energies
• Forex
• Metals
• Cryptocurrencies
• Shares
• Futures
💸 Minimum Deposit10 USD / 186 NAD
💵 Minimum Spread0.0 pips EUR/USD
📞 Margin Call40%
🛑 Stop-Out20%
📉 Minimum Position Size0.01 lots
📈 Maximum Position Size100 lots
🎉 Open AccountOpen Account

 

JustMarkets - High Leverage

 

Pros and Cons

✔️ Pros❌ Cons
JustMarkets offers a wide range of deposit and withdrawal options that can be usedThere is no NAD-denominated trading account offered to Namibian traders
There is a wide selection of trading accounts to choose from, providing Namibian traders with versatilityThere is an inactivity fee that is charged by JustMarkets on all dormant account
There is support offered for copy trading along with several social trading opportunitiesDeposit fees are charged when Namibians use crypto payments
There is a well-rounded affiliate program offeredJustMarkets does not have any Tier-1 or Tier-2 regulations, giving it an exceptionally low trust score
There are competitive trading conditions provided by JustMarkets

 

4. HFM

HFM review

 

HFM is a multi-asset broker that enables clients to trade Forex and Commodities using Contracts for Difference (CFDs). HFM has been operating since 2010 and is regulated by several reputable market regulators. Furthermore, HFM has several registrations with regulatory entities globally.

 

The broker provides unrestricted liquidity, allowing traders of any size or profile to choose from various spreads and liquidity providers using automated trading platforms and to implement their preferred trading strategies.

 

HFM is particularly active and influential in the regions of Africa, Asia, and the Middle East and North Africa (MENA), providing potentially promising opportunities for traders worldwide.

 

Overall Rating

Min Deposit

0 USD / 0 NAD

Regulators

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

Trading Desk

MetaTrader 4, MetaTrader 5, HF App

Crypto

No

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

HFM is fully compliant with all regulatory requirements in the Forex industry and has been operating since 2010, with headquarters in Cyprus. The broker also serves clients in other countries around the globe.

 

In addition to its commitment to providing reliable trading services, HFM is deeply committed to social responsibility and actively participates in charitable donations and community service initiatives as part of its corporate mission.

 

HFM Overview

FeatureInformation
⚖️ RegulationFSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
💻 BoN Regulation?No
📊 Trading AccountsCent Account, Premium Account, Zero Account, Pro Account
📈 Trading PlatformMetaTrader 4, MetaTrader 5, HFM App
💰 Minimum Deposit (NAD)0 USD / 0 NAD
💵 Trading AssetsForex Currency Pairs, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs
🔎 Namibian Naira-based Account?No
💳 NAD Deposits Allowed?No
💰 Bonuses for Namibian traders?Yes
📈 Minimum spread0.0 pips EUR/USD
📊 Demo AccountYes
☪️ Islamic AccountYes
✴️ Social Trading OfferedYes
🎉 Open AccountOpen Account

 

HFM

 

Pros and Cons

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

 

5. FXTM

FXTM review

 

FXTM is a well-regulated broker that welcomes Namibian traders of all skill levels despite their trading strategies. FXTM offers traders who register under its FSC entity leverage up to 1:2000. However, traders from the EU and UK are limited to leverage of 1:30.

 

Furthermore, professional traders are eligible to leverage up to 1:300. However, this could decrease depending on the trader’s position size. Traders can use a forex leverage calculator to help them determine the leverage they can access on the FXTM professional account.

 

Overall Rating

Min Deposit

10 USD / 190 NAD

Regulators

CySEC, FSCA, FCA, CMA, FSC Mauritius

Trading Desk

MetaTrader 4, MetaTrader 5, FXTM Trader

Crypto

Yes

Total Pairs

60+

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

 

High leverage is accessible through FXTM’s MetaTrader 4, and Namibians can register a trading account with a low minimum deposit of 10 USD / 186 NAD. Furthermore, Namibian traders can start trading with $0.50 when they use maximum leverage.

 

FXTM Overview

FeatureInformation
⚖️ RegulationCySec, FSC
✅ BoN Regulation?No
📊 Trading AccountsMicro Account, Advantage Account, Advantage Plus Account
💻 Trading PlatformMetaTrader 4, MetaTrader 5, FXTM Trader
💰 Minimum Deposit (NAD)10 USD / 186 NAD
💵 Trading AssetsPrecious 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 spread0.0 pips EUR/USD
📊 Demo AccountYes
☪️ Islamic AccountYes
✔️ Social Trading OfferedYes
🎉 Open AccountOpen Account

 

FXTM

 

Pros and Cons

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

 

6. FBS

FBS review

 

FBS is among the best high-leverage brokers suitable for traders with higher risk tolerance.

 

The broker offers leverage of up to 1:3000, meaning that a trading position of up to $300,000 can be entered with a minimum deposit of $100, available on standard and zero-spread accounts.

 

Overall Rating

Min Deposit

95 NAD / 5 USD 

Regulators

IFSC, CySEC, ASIC, FSCA 

Trading Desk

FBS Trader, MetaTrader 4, MetaTrader 5

Crypto

Yes

Total Pairs

36

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Standard accounts have a minimum deposit requirement of $100 and offer spreads starting from 0.5 pips with no commission. Zero-spread accounts allow for trading from 0 pips with a commission of $20 per lot.

 

FBS also provides ECN accounts with a maximum leverage limit of 1:500. Furthermore, FBS offers a wide range of asset classes, including forex, metals, indices, energies, stocks, and crypto, and supports platforms such as MT4, MT5, and the FBS web trader.

 

FBS Overview

FeatureInformation
⚖️ RegulationFSCA, IFSC, ASIC, CySEC, DFSA, FCA
⚖️ BoN RegulationNo
✔️ Accepts Namibian Traders?Yes
💳 Minimum deposit (NAD)5 USD / 93 NAD
Average spread from0.0 pips EUR/USD
📈 Maximum Leverage1:3000
👥 Customer Support 24/7
🎉 Trading PlatformFBS Trader, MetaTrader 4, MetaTrader 5, CopyTrade
🎉 Open AccountOpen Account

 

FBS

 

Pros and Cons

✔️ Pros❌ Cons
FBS offers competitive trading conditions with some of the lowest spreadsThere are wide spreads charges on some accounts
There are several account types to choose fromThere is a limited number of tradable instruments
There are many social trading opportunitiesThere are several regional restrictions applied
There is an ultra-low minimum deposit requirement
The broker is well-regulated and trusted

 

7. RoboForex

Roboforex review

 

RoboForex has been in operation for years and offers Namibian traders leverage up to 1:2000 when they register through its IFSC regulations. There are several awards that RoboForex has won. In addition, the broker has about 4.56 million clients in around 169 different nations.

 

As RoboForex provides demo accounts for all accounts except the ECN account, even inexperienced traders can try the platform risk-free before making a real money deposit.

 

Overall Rating

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

 

A benefit of registering with RoboForex is that Namibian traders can qualify for RoboForex rebates according to the trading volumes, even when they use leverage.

 

RoboForex Overview

FeatureInformation
⚖️ RegulationFSC
⚖️ BoN RegulationNo
✔️ Accepts Namibian Traders?Yes
💳 Minimum deposit10 USD / 186 NAD
Average spread from0.0 pips EUR/USD
📈 Maximum Leverage1:2000
👥 Customer Support 24/7
🎉 Open AccountOpen Account

 

RoboForex

 

Pros and Cons

✔️ Pros❌ Cons
The broker offers more than 12,000 markets that can be tradedUS clients are not accepted
There are several flexible account types offeredThere are no fixed spread accounts
Trading education is offered to all traders
There are several powerful trading tools
The broker applies negative balance protection to all retail trading accounts

 

8. Exness

Exness review

 

Exness was established in 2008 and is one of the best-unlimited leverage forex brokers in the CFD and forex industry. Spot forex, futures, and options are just some of the forex and CFD trading products and services that Exness provides.

 

Furthermore, MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two of the trading platforms provided by the broker. Both the CySEC (Cyprus Securities and Exchange Commission) and the FCA (Financial Conduct Authority) oversee Exness’ operations.

 

Because it participates in the Investor Compensation Fund, Exness’ customers are safeguarded if the broker goes bankrupt. In addition to these regulations, Exness also has regulations with FSA, CBCS, FSCA, FSC BVI, and FSC in Mauritius.

 

Namibian traders can extensively use several benefits, such as negative balance protection (which prevents them from losing more than they have in their account), instant order execution, and competitive spreads.

 

Overall Rating

Min Deposit

Depending on the payment system, typically, low

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

Trading Desk

MetaTrader 4, MetaTrader 5, Exness App, Exness Terminal

Crypto

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

In addition, Exness offers a loyalty program that provides customers with forex cashback and other benefits according to their trading activity.

 

Exness’ maximum leverage ratio for several accounts and asset classes is unlimited. Although the leverage ratios accessible to you will vary based on the kind of account you have and the laws in your country of residency, they will typically range between 1:1 and 1:100.

 

While higher leverage ratios might boost your earning potential, they also raise your loss exposure. Therefore, to utilize leverage effectively, you need to evaluate your comfort level with risk and your trading plan.

 

Exness Overview

FeatureInformation
⚖️ RegulationCBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
✅ BoN Regulation?No
📊 Trading AccountsStandard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account
💻 Trading PlatformMetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app
💰 Minimum Deposit (NAD)10 USD / 186 NAD
💵 Trading AssetsForex 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 spread0.0 pips EUR/USD
📊 Demo AccountYes
☪️ Islamic AccountYes
✔️ Social Trading OfferedNo
🎉 Open AccountOpen Account

 

Exness

 

Pros and Cons

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

 

9. Alpari

Alpari review

 

Namibian traders who register under Alpari’s FSC entity can use leverage up to 1:1000. Alpari has a low minimum deposit of $5, letting even beginners start trading across several financial markets.

 

Alpari offers comprehensive copy trading via its proprietary app and supports MetaTrader 4 and 5 across devices. In addition, Alpari offers a choice between four accounts and offers one of the best rebates ECN Account options in the industry.

 

Overall Rating

Min Deposit

5 USD / 94 NAD

Regulators

FSC, FSCA

Trading Desk

MetaTrader4, MetaTrader5, Alpari Mobile App

Crypto

Yes

Total Pairs

61

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Namibian traders can benefit from competitive spreads and having up to 250 lots open simultaneously. In addition, Alpari offers tailor-made solutions to Namibian traders according to their experience level, trading style, and chosen trading strategy.

 

Alpari Overview

FeatureInformation
⚖️ RegulationFSC, FSCA
⚖️ BoN Regulation?No
📊 Trading AccountsForex Standard Account, Forex Micro Account, Forex ECN Account, Forex Pro Account
📊 Trading PlatformMetaTrader4, MetaTrader5, Alpari Mobile App
💰 Minimum Deposit (NAD)5 USD / 93 NAD
💰 Trading AssetsForex Majors, Forex Minors, Forex Exotics, Forex RUB, Spot Metals, Spot Commodities, Stock Trading, Spot Indices
🔎 Namibian Naira-based Account?Yes
💳 NAD Deposits Allowed?Yes
💰 Bonuses for Namibian traders?Yes
📈 Minimum spread0.4 pips EUR/USD
📊 Demo AccountYes
☪️ Islamic AccountYes
✴️ Social Trading OfferedNo
🎉 Open AccountOpen Account

 

Alpari

 

Pros and Cons

✔️ Pros❌ Cons
Well-regulated and award-winning CFD brokerFixed spreads are not offered
Offers forex trading signals from AutoChartist and automatic tradingNot regulated by the Financial Conduct Authority, Cyprus Securities and Exchange Commission, or any other popular market regulators
MetaTrader 4 and MetaTrader 5 are supported across devicesThere is a limited selection of trading instruments, educational tools, and research
News is streamed from FxWireProThere are restrictions on several jurisdictions
A dedicated customer support team offers multilingual customer support
Offers unique solutions to both beginner and experienced traders
There are four retail investor accounts to choose from, demo accounts, and Islamic accounts
There are several convenient funding options to choose from and deposit fees are not charged

 

How do Margin and Leverage Work in Forex Trading?

How do Margin and Leverage Work in Forex Trading?

 

 

In foreign exchange trading, margin and broker leverage are two related concepts. Margin refers to the required amount of funds in a trader’s account to start a position.

 

In contrast, leverage refers to the amount of money a trader can borrow from their broker to establish a position.

 

Leverage in forex example:

Suppose you want to place a transaction on the EUR/USD currency pair and wish to purchase 1 standard lot (100,000 units) of the EUR/USD.

 

If the margin requirement for this transaction is 1%, you must have a minimum of 1,000 EUR in your account to initiate the trade, and this is known as the required margin.

 

Say your broker provides a leverage of 1:100, which means you may trade 100 EUR worth of currencies for every 1 EUR in your account. Thanks to the leverage provided by your broker, you could trade 1 standard lot of the EUR/USD with just 1,000 EUR in your account.

 

How safe is it to use Leverage?

Leverage can be a powerful tool for traders since it enables them to trade greater positions than they could with the money in their account alone.

 

However, it includes a greater risk since traders might lose more than they have in their accounts if the transaction goes against them. Because of this, traders need to examine the amount of leverage they are using carefully and manage risk effectively constantly.

How to Choose a Forex Broker in Namibia

How to choose a Forex Broker in Namibia

 

Namibian traders must evaluate the following components of a forex broker to decide whether the broker is suited to their unique trading objectives and/or needs.

 

Regulations and Licenses

This is the first important component that traders must thoroughly evaluate. Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others. Namibians must beware when dealing with brokers that only have offshore regulations such as FSA, SVG BVI, FSC, and others.

 

Account Features

Account Features include leverage trading and margin requirements, commissions and spreads, initial deposits, additional features on retail investor accounts, and so on.

 

Deposits and Withdrawals

Namibians must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits among other trading and non-trading fees.

 

Range of Markets

The range of markets offered refers to the number and range of tradable instruments that the broker offers. Namibians must consider what they wish to trade and what is available.

 

Customer Support

Customer Support is another crucial factor and Namibians must check the availability of support (trading hours), the quality of support, and the promptness with which the customer support team responds to queries.

 

Trading Platform

A trading platform is the Namibian trader’s portal to the financial markets. Traders must ensure that the trading platform has the necessary technical indicators, fundamental analysis, technical analysis, economic calendar, charting, newsfeed, and other tools they may need.

 

Education and Research

Education and Research come in handy to both novice traders and experienced investors. Education includes some of the following:

➡️ eBooks

➡️ Trading guides

➡️ Trading knowledge on leveraged products

➡️ A risk warning on complex instruments

➡️ Educational videos

 

Research can include some of the following:

➡️ Trading tools

➡️ Commentary

➡️ Status of International Markets

➡️ Price movements

➡️ Market sentiments

➡️ Whether there is a volatile market

➡️ Exchange Rates

➡️ Expert opinions and several other resources can help experienced traders make informed trading decisions.

The Best Forex Brokers in Namibia

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

 

Best Forex Brokers MetaTrader 4 / MT4 Forex Broker in Namibia

Overall Rating

Min Deposit

USD 0 / 0 NAD

Regulators

FCA, ASIC, FSCA, SCB

Trading Desk

MetaTrader 4, Trade Nation proprietary platform

Crypto

Yes

Total Pairs

33

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

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

 

Best Forex Brokers MetaTrader 5 / MT5 Forex Broker in Namibia

Overall Rating

Min Deposit

Depending on the payment system, typically, low

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

Trading Desk

MetaTrader 4, MetaTrader 5, Exness App, Exness Terminal

Crypto

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, Exness is the best MT5 forex broker in Namibia. Exness offers dynamic and adaptable account types as well as some of the industry’s most advantageous trading conditions. Exness offers over 200 financial products, several retail account types, and a wealth of resources.

 

Best Forex Brokers Forex Broker for beginners in Namibia

Overall Rating

Min Deposit

USD 10 / 195 NAD

Regulators

CySec, FSC, FSA, BaFin, NFA

Trading Desk

MetaTrader 4 , MetaTrader 5

Crypto

Yes

Total Pairs

50 Forex Pairs and 20 Crypto Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, BDSwiss is the best forex broker for beginners in Namibia. BDSwiss is also a well-regulated broker that has a large international clientele. It offers a diverse range of trading instruments, including forex, commodities, stocks, indices, and many cryptocurrencies.

 

Best Forex Brokers Minimum Deposit Forex Broker in Namibia

Overall Rating

Min Deposit

0 USD / 0 NAD

Regulators

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

Trading Desk

MetaTrader 4, OANDA Platform, TradingView

Crypto

Yes

Total Pairs

45

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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

 

Best Forex Brokers ECN Forex Broker in Namibia

Overall Rating

Min Deposit

200 AUD / 2,500 NAD

Regulators

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

Trading Desk

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

Crypto

Yes (Not available in Africa)

Total Pairs

60+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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

 

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

Overall Rating

Min Deposit

0 USD / 0 NAD

Regulators

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

Trading Desk

MetaTrader 4, MetaTrader 5, HF App

Crypto

No

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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

 

Best Forex Brokers Forex Trading App in Namibia

Overall Rating

Min Deposit

100 AUD / 1,200 NAD

Regulators

ASIC, CySEC, CMA, FSCA

Trading Desk

MT4, MT5, IRESS, cTrader, FP Markets App

Crypto

Yes

Total Pairs

63

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, FP Markets is the best forex trading app broker in Namibia. FP Markets provides over 10,000 products in stocks, indices, forex, commodities, and cryptocurrencies, as well as an easy-to-use mobile app and a variety of account types. FP Markets provides a variety of value-added services, including VPS hosting for automated trading solutions, copy trading through the MT4 Myfxbook service, and retail account management using the MT4 MAM/PAMM module.

 

Best Forex Brokers Lowest Spread Forex Broker in Namibia

Overall Rating

Min Deposit

95 NAD / 5 USD 

Regulators

IFSC, CySEC, ASIC, FSCA 

Trading Desk

FBS Trader, MetaTrader 4, MetaTrader 5

Crypto

Yes

Total Pairs

36

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Overall, FBS is the best lowest spread forex broker in Namibia. FBS is also a top forex and CFD broker for Namibians, offering a variety of trading accounts as well as a cutting-edge proprietary trading app. FBS charges low, competitive fees, and traders can rest assured that their clients’ funds are safe.

 

Best Forex Brokers Nasdaq 100 Forex Broker in Namibia

Overall Rating

Min Deposit

25 USD / 470 NAD

Regulators

CySEC, SVG, FSA

Trading Desk

MT4, MT5, OctaTrader

Crypto

Yes

Total Pairs

28

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, 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

Min Deposit

100 USD / 1,900 NAD

Regulators

Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC

Trading Desk

AvaTrade WebTrader, AvaTradeGO, AvaOptions, AvaSocial, MT4, MT5, DupliTrade, ZuluTrade

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, AvaTrade is the best Volatility 75 / VIX 75 forex broker in Namibia. AvaTrade is a CFD and FX broker that is globally regulated by financial watchdog authorities. It provides an optimal trading environment for traders of all levels, with 24-hour multilingual support desks.

 

Best Forex Brokers NDD Forex Broker in Namibia

Overall Rating

Min Deposit

5 USD / 95 NAD

Regulators

FSCA, IFSC, ASIC, CySEC, DFSA, FCA

Trading Desk

MT4, MT5, XM Mobile App

Total Pairs

57

Islamic Account

Yes

Trading Fees

No (Just spread) 

Account Activation

24 Hours

 

Overall, XM is the best NDD forex broker in Namibia. XM was founded in 2009 and has been in operation for more than 12 years. It operates in over 196 countries, has a service team that speaks 30 languages, and is one of the most trusted and well-regulated brokers. XM also provides strong security, superior customer service, account financing, and low fees.

 

Best Forex Brokers STP Forex Broker in Namibia

Overall Rating

Min Deposit

$10 / 195 NAD

Regulators

IFSC, MFSC and FSC

Trading Desk

MetaTrader4, MetaTrader5, CopyTrade and cTrader

Crypto

No

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, Axiory is the best STP forex broker in Namibia. Axiory trades are executed in less than 200 milliseconds, and Namibian traders are given the best trading software that is linked to Equinix data centers. Axiory’s cTrader, MetaTrader, and the FIX API can be used to trade forex and CFDs.

 

Best Forex Brokers sign up bonus Broker in Namibia

Overall Rating

Min Deposit

100 USD / 1,900 NAD

Regulators

Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA

Trading Desk

MT4, MT5, Tickmill Mobile

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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

Conclusion

In Conclusion High-leverage, or margin, trading is possible via a High-leverage Broker. As a result, traders can make greater transactions with less starting capital. In foreign exchange, the optimal leverage is the one at which you feel most confident.

 

Overall, lower leverage ratios (like 1:5) are preferable for low-risk traders who are wary of losing money. Therefore, Namibian traders must evaluate their risk tolerance before using high leverage ratios to trade larger positions.

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Frequently Asked Questions

What is the best leverage for $100?

In the opinion of many experts, leverage of 1:100 is optimal for a $100 investment. Therefore, your broker will match your investment dollar for dollar to a maximum of $100,000.

 

What is the best leverage for a $50 account?

Typically, the best leverage for an account with $50 is 1:50 because it allows you to open trades up to $50 for every $1 in your trading account.

 

Who is the best-unlimited leverage forex broker in Namibia?

The best-unlimited leverage forex broker in Namibia is Exness. You can get unlimited leverage when you trade forex majors, depending on your account equity.

 

Who is the highest leverage broker in Namibia?

FBS is the best high-leverage broker in Namibia that has a low minimum deposit requirement of $1 and leverage of up to 1:3000.

 

How will I know what the best forex leverage is for my account?

The optimal leverage for Forex trading relies on the trader’s available money and risk tolerance. Therefore, it is considered that a ratio between 1:100 and 1:2000 is optimal.

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