Scam Forex Brokers in Namibia
7 Best Low Minimum Deposit Brokers in Namibia
The 7 Best Low Minimum Deposit Forex Brokers in Namibia revealed. We tested and verified the best Low Minimum Deposit forex brokers for Namibia Traders.
This is a complete list of Low Minimum deposits in Namibia.
In this in-depth guide you’ll learn:
- What is a Low Minimum Deposit?
- Who are the best low minimum deposit forex brokers for Botswanans?
- Which NASDAQ Forex brokers offer a low minimum deposit?
- How to choose a forex broker – Compare them side by side by starting capital, best scalping conditions, and best mobile apps.
- Which brokers offer no minimum deposit?
- Which brokers offer a signup bonus on their low minimum deposit.
And lots more…
So if you’re ready to go “all in” with the best-tested low minimum deposit forex brokers for Namibians…
Let’s dive right in…
- Louis Schoeman
Best Low Minimum Deposit Brokers in Namibia – Comparison
| 🥇 Broker | ✔️ Low Minimum Deposit Forex Broker? | 💵 Minimum Deposit | Allows Namibian Traders? | 👉 Open Account |
| 1. Exness | Yes | USD 5 / 80 NAD | Yes | 👉 Open Account |
| 2. Alpari | Yes | USD 5 / 80 NAD | No | 👉 Open Account |
| 3. HF Markets | Yes | USD 5 / 80 NAD | No | 👉 Open Account |
| 4. XM | Yes | USD 5 / 80 NAD | Yes | 👉 Open Account |
| 5. OctaFX | Yes | USD 100 / 1 709 NAD | No | 👉 Open Account |
| 6. FXTM | Yes | USD 5 / 80 NAD | No | 👉 Open Account |
| 7. Pepperstone | Yes | USD 5 / 80 NAD | No | 👉 Open Account |
7 Best Low Minimum Deposit Brokers in Namibia Summary
- Exness – Overall, Best Low Minimum Deposit Broker in Namibia
- Alpari – Award-Winning CFD Broker
- HF Markets – Suitable Broker for Beginner Traders
- XM – Advisor Trading Strategies Offered
- OctaFX – Negative Balance Protection Applied to All Accounts
- FXTM – Commission-Free Trading Offered
- Pepperstone – Top Customer Support Offered to Namibians
What is a low minimum deposit in Forex trading?
👉 In order to open and maintain a live trading account with a forex broker, a minimum deposit is usually required. To ensure that traders have enough funds for risk-free trading, this is a frequent practise.
👉 Brokers can ask a variety of different minimum deposits, but low minimum deposit accounts are usually within the region of $1 to $50, making them an excellent choice for beginner traders in Namibia.
1. Exness
Overall Rating
- 4.9/5
Min Deposit
Depending on the payment system, typically, low
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4, MetaTrader 5, Exness App, Exness Terminal
Crypto
Total Pairs
107
Islamic Account
Trading Fees
Account Activation
Overview
👉 Exness offers a 0 pip average spread and commissions as low as $0.1 per lot, per side.
👉 Exness offers a free demo account, a 1:200 maximum leverage ratio, and an Islamic account. Exness provides access to both MetaTrader 4, and MetaTrader 5.
👉 Exness, a Forex broker, is governed by the UK, Seychelles, South Africa, British Virgin Islands, and Curacao. Exness works with businesses like Nymstar Limited, Tortelo Limited, and Vlerizo (Pty) Limited to offer their services to clients.
👉 Exness’ secure and user-friendly MT4 and MT5 trading platforms are available to Namibian traders from any location inside the nation. Additionally, they may be looking forward to alluring trading circumstances, such reduced spreads and access to ECN accounts.
👉 In addition to the company’s well-known reputation, which attracts clients from all walks of life, its divisions provide customers across the world with specialised financial services and investment solutions.
Unique Features
| Feature | Information |
| ⚖️ Regulation | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA |
| ✅ BoN Regulation? | No |
| 📊 Trading Accounts | Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account |
| 💻 Trading Platform | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app |
| 💰 Minimum Deposit (NAD) | 10 USD / 186 NAD |
| 💵 Trading Assets | Forex minor pairs, forex major pairs, forex exotic currency pairs, Metals, Crypto, Energies, Indices, Stocks |
| 🔎 Namibian-based Account? | No |
| 💳 NAD Deposits Allowed? | Yes |
| 💰 Bonuses for Namibian traders? | Yes |
| 📈 Minimum spread | 0.0 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✔️ Social Trading Offered | No |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Exness is a reputable international broker authorized by several reputable market regulators | There is a limited selection of tradable instruments in only a few financial markets |
| The broker offers some of the tightest spreads across all types of accounts | There is a limited selection of funding options offered |
| There are several account types to choose from, each accommodating different types of traders | |
| There are various market metrics available including exchange rates, overall trading activities available, current market conditions, and more. | |
| Exness is ideal for any Namibian beginner traders and institutional investors | |
| There are solutions offered for any type of professional trader who needs advanced options | |
| There is a powerful proprietary mobile app offered | |
| Client fund safety and investor protection is guaranteed | |
| Multilingual 24/7 customer support is offered | |
| Instant withdrawal methods are available |
2. Alpari
Overall Rating
- 4.7/5
Min Deposit
USD 0 / 0 NAD
Regulators
FSC
Trading Desk
MetaTrader 4
Crypto
Total Pairs
48
Islamic Account
Trading Fees
Account Activation
Overview
👉 Three Russian partners founded Alpari in 1998 with little more than a concept, and they have since grown it into one of the top Forex brokers in the world.
👉 Alpari has offices in 15 nations, including Russia, Ukraine, Belarus, Belize, Moldova, Mauritius, Saint Vincent and the Grenadines, Uzbekistan, Kazakhstan, and Georgia. It serves more than a million customers from 150 nations with a wide range of top-notch services for cutting-edge internet trading on the foreign exchange currency market.
👉 Namibian residents are welcome to use Alpari, which has a regular $1.5 per side commission and a 0.4 pip spread. On Alpari, you can employ a leverage ratio up to 1:1,000, and the company also provides a demo account and an Islamic account.
👉 In addition to MT4 and MT5, the Alpari Mobile App is also supported. The Financial Services Commission (FSC) of Mauritius, where Alpari also has its headquarters, regulates the company.
Unique Features
| Account Feature | Value |
| 💰 Base Account Currency Options | USD, EUR, GBP, NGN |
| 💳 Minimum Deposit | 100 USD, EUR, GBP or 20,000 NGN |
| 💳 Maximum Deposit | None |
| 📈 Maximum Leverage | Floating from 1:1000 |
| 💰 Commission Charges | None |
| 📈 Average Spread | Floating from 1.2 pips |
| 🚀 Order Execution Type | Instant |
| 📊 Margin Call (%) | 60 |
| 📊 Stop-Out (%) | 40 |
| ✴️ Swap-Free Option | Yes |
| ✴️ Range of Markets | 61 pairs – Forex Major Pairs, Minors, Exotics, 5 Spot Metals, 14 Spot CFDs |
| 📊 Minimum Trade Volume | 0.01 lots |
| 📊 Maximum Trade Volume | 30 lots |
| 💰 Maximum Number of Orders | Unlimited |
| 📈 Maximum Order Volume | 100 Lots |
| 📊 Maximum Pending Orders | 100 Lots |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated and award-winning CFD broker | Fixed spreads are not offered |
| Offers forex trading signals from AutoChartist and automatic trading | Not 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 devices | There is a limited selection of trading instruments, educational tools, and research |
| News is streamed from FxWirePro | There 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 |
3. HF Markets
Overall Rating
- 4.8/5
Min Deposit
0 USD / 0 NAD
Regulators
FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
Trading Desk
MetaTrader 4, MetaTrader 5, HF App
Crypto
No
Total Pairs
50+
Islamic Account
Trading Fees
Account Activation
Overview
👉 HF Markets welcomes customers from Namibia and offers a 0 pip spread for a fee of $6–$8 every round turn.
👉 You can open a demo account, an Islamic account, a trading account with a maximum leverage ratio of 1:1000, and a trading account at HF Markets.
👉 Users of the HF App can now access the MT4 and MT5 platforms. From its base in Cyprus, HFM is subject to regulation by a number of other financial organisations, including the FSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA.
👉 HF Markets is a contract for difference (CFD) broker that helps its clients trade foreign exchange and commodities. HF Markets’ unrestricted liquidity allows traders of all sizes and types to execute any trading strategy they choose on fully automated trading platforms connected to a sizable network of liquidity providers and spreads.
👉 Global prospects are improved by HF Markets’ focus on and control over the African, Asian, and MENA regions.
👉 Because it is provided in accordance with the licences required by the regulatory bodies that oversee the Forex market, HF Markets’ trading service is a sure thing. Although HF Markets was established in 2010 and has its headquarters in Cyprus, the broker’s services are provided on a global scale.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 💻 BoN Regulation? | No |
| 📊 Trading Accounts | Cent Account, Premium Account, Zero Account, Pro Account |
| 📈 Trading Platform | MetaTrader 4, MetaTrader 5, HFM App |
| 💰 Minimum Deposit (NAD) | 0 USD / 0 NAD |
| 💵 Trading Assets | Forex Currency Pairs, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs |
| 🔎 Namibian Naira-based Account? | No |
| 💳 NAD Deposits Allowed? | No |
| 💰 Bonuses for Namibian traders? | Yes |
| 📈 Minimum spread | 0.0 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated in several global regions | There are no variable spread accounts |
| Offers some of the lowest spreads in the forex market on major currency pairs | There is a limited selection of funding options and withdrawal methods. |
| There are several account types to choose from | |
| HotForex accommodates all types of traders despite their trading strategies | |
| Low minimum deposit requirement | |
| Beginner traders and professional investors are both welcome | |
| Educational tools, advanced trading tools, and several other comprehensive solutions are offered | |
| There is a comprehensive market analysis offered | |
| Technical analysis and fundamental analysis offered |
4. XM
Overall Rating
- 4.7/5
Min Deposit
5 USD / 95 NAD
Regulators
FSCA, IFSC, ASIC, CySEC, DFSA, FCA
Trading Desk
MT4, MT5, XM Mobile App
Total Pairs
57
Islamic Account
Trading Fees
No (Just spread)
Account Activation
Overview
👉 Since the company’s founding in 2009, XM has made it easy to trade in currencies, commodities, indices, and stocks.
👉 XM is dedicated to giving each listener outstanding service that is personalised. XM offers several well-liked trading platforms, including MetaTrader 4 and MetaTrader 5.
👉 The several trading accounts that XM offers include Micro Account, Standard Account, XM Ultra-Low Account, and Shares Account (Cyprus). An additional form of account offered by the broker is the Islamic Account.
👉 The typical spread at XM is 0 pip, and commissions start at just $1 per share. XM has demo, Islamic, and standard accounts along with a maximum leverage ratio of 1:888.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSCA, IFSC |
| ⚖️ BoN Regulation | No |
| ✔️ Accepts Namibian Traders? | Yes |
| 💳 Minimum deposit (NGN) | USD 5 / 97 NAD |
| Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:888 |
| 👥 Customer Support | 24/5 |
| 🎉 Trading Platform | Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Negative balance protection is applied to retail investor accounts | US clients are restricted from accessing XM’s trading services |
| There are several secure payment methods to choose from | There are no fixed spread accounts offered |
| The broker is known for low spreads, low commissions, and reliable trade execution speeds | There is an inactivity fee applied to dormant accounts |
| Traders can use hedging, scalping, and expert advisor trading strategies | |
| The broker offers personal customer service to its clients |
5. OctaFX
Overall Rating
- 4.7/5
Min Deposit
25 USD / 470 NAD
Regulators
CySEC, SVG, FSA
Trading Desk
MT4, MT5, OctaTrader
Crypto
Total Pairs
28
Islamic Account
Trading Fees
Account Activation
Overview
👉 Since its launch in 2011, OctaFX has provided its customers with low entry criteria and a variety of trading options.
👉 The financial trading community has recognised OctaFX with multiple awards for its outstanding online trading services and platforms.
👉 With its headquarters in St. Vincent & the Grenadines, OctaFX services clients from an astounding 185 countries. Look no farther than OctaFX if you’re looking for a forex trading platform because it provides the greatest user experience at the most competitive spreads.
👉 For individuals looking for a low-cost entry point into trading a variety of asset classes, OctaFX is a good option. The platform’s main business is forex trading, but it also provides access to a huge range of other markets and instruments.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSA SVG, CySEC |
| ⚖️ BoN Regulation | No |
| ✔️ Accepts Namibian Traders? | Yes |
| 💳 Minimum deposit | USD 5 / 97 NAD |
| Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:500 |
| 👥 Customer Support | 24/5 |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Fixed spread accounts are offered to retail traders | US clients are restricted |
| The broker accepts hedging and scalping strategies | There are only a few financial markets that can be traded |
| Negative balance protection is applied to retail investor accounts | |
| The broker is well-regulated and has a decent trust score | |
| There is commission-free trading |
6. FXTM
Overall Rating
- 4.6/5
Min Deposit
10 USD / 190 NAD
Regulators
CySEC, FSCA, FCA, CMA, FSC Mauritius
Trading Desk
MetaTrader 4, MetaTrader 5, FXTM Trader
Crypto
Yes
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 FXTM will undoubtedly prove to be a useful resource for many Namibian citizens who are new to forex trading. You can get started with a no-deposit Micro Account, a cutting-edge copy trading platform, and video and text tutorials.
👉 Newcomers to the foreign exchange market will benefit from the site’s daily market analysis by learning more about the actual effects of news events on the market and finding trading chances.
👉 FXTM, a 2011 startup with a Cyprus address, is one of the forex brokers with the fastest growth (Limassol). The industry is governed by the Financial Conduct Authority as well as other regulatory organisations.
👉 Within a few years of its founding, FXTM quickly expanded across Europe and beyond thanks to its initial focus on the African and Asian markets.
👉 The FXTM Micro account has a comparatively high spread. Their Advantage account, which is comparable to an ECN account, serves high-volume traders by offering them Raw spreads at a fair price.
Unique Features
| Feature | Information |
| ⚖️ Regulation | CySec, FSC |
| ✅ BoN Regulation? | No |
| 📊 Trading Accounts | Micro Account, Advantage Account, Advantage Plus Account |
| 💻 Trading Platform | MetaTrader 4, MetaTrader 5, FXTM Trader |
| 💰 Minimum Deposit (NAD) | 10 USD / 186 NAD |
| 💵 Trading Assets | Precious Metals, Stock Trading, Stock CFDs, Indices, Forex Indices, Forex Currency Pairs (including minor, major, and exotic pairs), Commodities, Stock Baskets |
| 🔎 Namibian-based Account? | Yes |
| 💳 NAD Deposits Allowed? | Yes |
| 💰 Bonuses for Namibian traders? | Yes |
| 📈 Minimum spread | 0.0 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✔️ Social Trading Offered | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FXTM is a multi-regulated and a reputable broker that has gained a high level of trustworthiness | Inactivity fees apply when the retail investor account becomes dormant |
| Dedicated customer support offered for Namibian traders Several deposit options and withdrawal methods offered | |
| There is a low minimum deposit requirement | |
| Commission-free trading is offered | |
| Deposit fees are not charged on any payment methods | |
| Withdrawal processing times are quick | |
| There are several educational tools offered | |
| There is an exclusive risk management tool offered |
7. Pepperstone
Overall Rating
- 4.1/5
Min Deposit
200 AUD / 2,500 NAD
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
TradingView, MetaTrader 4, MetaTrader 5, cTrader, Capitalise.ai
Crypto
Yes (Not available in Africa)
Total Pairs
60+
Islamic Account
Trading Fees
Account Activation
Overview
👉 Since its establishment in 2010, Pepperstone Group has grown to become a major online broker, providing customers with a cutting-edge trading platform for stocks, indices, metals, commodities, and virtual currencies (cryptocurrencies).
👉 Pepperstone provides additional security to customers in risky industries like the financial services sector by keeping client assets completely separate from the company’s operating finances.
👉 There are several ways to get assistance, including a thorough Frequently Asked Questions section with guidance on making deposits, making withdrawals, and resolving trade disputes, as well as 24/7 live chat and telephone support.
Unique Features
| Account Feature | Value |
| 💰 Minimum Deposit | USD 0 / 0 NAD |
| 💸 Minimum Trading Size | 0.01 lots |
| 📉 Maximum Trading Size | 100 lots in a single trade |
| 💰 Base Account Currency | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD |
| 💵 Trading Strategies Supported | All including scalping, hedging, and Expert Advisors (EAs) |
| 🗞 News Trading Offered? | Yes |
| ✔️ Trade Execution | No-Dealing Desk (NDD) |
| 📊 Average EUR/USD Spread | From 0.6 pips |
| 💵 Commissions | None |
| 💰 Rollover Swaps | Yes, according to the market rates |
| 📊 Maximum Leverage per region | • Australia – 1:30 • Bahamas – 1:200 • Cyprus – 1:30 • Dubai – 1:30 • Germany – 1:30 • Kenya – 1:400 • United Kingdom – 1:30 |
| ⚖️ Negative Balance Protection Offered | Yes, only for retail clients |
| 🛑 Margin Close-Out (%) | 50% |
| 🔧 Trading Instruments offered | 1,200+ |
| 💻 Trading Platforms offered | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Namibian traders are given access to powerful and user-friendly trading platforms | There is no NAD-denominated account for Namibian traders |
| Pepperstone offers competitive trading conditions and trading accounts that suit all types of traders | There are restrictions on the countries that can access the Pepperstone Islamic Account |
| Namibians can expect award-winning customer support in several languages | Additional admin fees apply to the Islamic account |
| There are several flexible account funding and withdrawal options offered | There are leverage restrictions applied to certain regions |
| Pepperstone is well-regulated and guarantees client fund security | Negative balance protection is limited to certain regions |
| There is a decent selection of trading tools for advanced Namibian traders | |
| Social trading opportunities are offered | |
| There are no fees charged on deposits |
How to Choose a Forex Broker in Namibia
👉 Namibian traders must evaluate the following components of a forex broker to decide whether the broker is suited to their unique trading objectives and/or needs.
Regulations and Licenses
👉 This is the first important component that traders must thoroughly evaluate. Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others. Namibians must beware when dealing with brokers that only have offshore regulations such as FSA, SVG BVI, FSC, and others.
Account Features
👉 Account Features include leverage trading and margin requirement, commissions and spreads, initial deposit, additional features on retail investor accounts, and so on.
Deposits and Withdrawals
👉 Namibians must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits among other trading and non-trading fees.
Range of Markets
👉 The range of markets offered refers to the number and range of tradable instruments that the broker offers. Namibians must consider what they wish to trade and what is available.
Customer Support
👉 Customer Support is another crucial factor and Namibians must check the availability of support (trading hours), the quality of support, and the promptness with which the customer support team responds to queries.
Trading Platform
👉 A trading platform is the Namibian trader’s portal to the financial markets. Traders must ensure that the trading platform has the necessary technical indicators, fundamental analysis, technical analysis, economic calendar, charting, newsfeed, and other tools they may need.
Education and Research
👉 Education and Research come in handy to both novice traders and experienced investors. Education includes some of the following:
➡️ eBooks
➡️ Trading guides
➡️ Trading knowledge on leveraged products
➡️ A risk warning on complex instruments
➡️ Educational videos
👉 Research can include some of the following:
➡️ Trading tools
➡️ Commentary
➡️ Status of International Markets
➡️ Price movements
➡️ Market sentiments
➡️ Whether there is a volatile market
➡️ Exchange Rates
➡️ Expert opinions and several other resources can help experienced traders make informed trading decisions.
The Best Forex Brokers in Namibia
👉 In this article we have listed the best Forex brokers which offer Forex Brokers to traders in Namibia. We have further identified the forex brokers that offer additional services and solutions to Namibian traders.
Best Forex Brokers MetaTrader 4 / MT4 Forex Broker in Namibia
Overall Rating
- 4.7/5
Min Deposit
USD 0 / 0 NAD
Regulators
FCA, ASIC, FSCA, SCB
Trading Desk
MetaTrader 4, Trade Nation proprietary platform
Crypto
Total Pairs
33
Islamic Account
No
Trading Fees
Account Activation
👉 Overall, Trade Nation is the best MT4 forex broker in Namibia. Trade Nation also has an effective trading app. Trade Nation further has competitive costs, a secure trading environment and cutting-edge solutions.
Best Forex Brokers MetaTrader 5 / MT5 Forex Broker in Namibia
Overall Rating
- 4.9/5
Min Deposit
Depending on the payment system, typically, low
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4, MetaTrader 5, Exness App, Exness Terminal
Crypto
Total Pairs
107
Islamic Account
Trading Fees
Account Activation
👉 Overall, Exness is the best MT5 forex broker in Namibia. Exness offers dynamic and adaptable account types as well as some of the industry’s most advantageous trading conditions. Exness offers over 200 financial products, several retail account types, and a wealth of resources.
Best Forex Brokers Forex Broker for beginners in Namibia
Overall Rating
- 4.7/5
Min Deposit
USD 10 / 195 NAD
Regulators
CySec, FSC, FSA, BaFin, NFA
Trading Desk
MetaTrader 4 , MetaTrader 5
Crypto
Total Pairs
50 Forex Pairs and 20 Crypto Pairs
Islamic Account
Trading Fees
Account Activation
👉 Overall, BDSwiss is the best forex broker for beginners in Namibia. BDSwiss is also a well-regulated broker that has a large international clientele. It offers a diverse range of trading instruments, including forex, commodities, stocks, indices, and many cryptocurrencies.
Best Forex Brokers Minimum Deposit Forex Broker in Namibia
👉 Overall, Oanda is the best minimum deposit forex broker in Namibia. Oanda also provides competitive trading conditions, a proprietary platform that has won awards, and high-quality trading solutions. Professionals and novices alike can use OANDA’s platform to access a wide range of indicators and charting tools.
Best Forex Brokers ECN Forex Broker in Namibia
Overall Rating
- 4.1/5
Min Deposit
200 AUD / 2,500 NAD
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
TradingView, MetaTrader 4, MetaTrader 5, cTrader, Capitalise.ai
Crypto
Yes (Not available in Africa)
Total Pairs
60+
Islamic Account
Trading Fees
Account Activation
👉 Overall, Pepperstone is the best ECN forex broker in Namibia. Pepperstone is capable of handling multiple order fills, allowing them to feed bigger orders into a liquidity aggregator on numerous levels. Orders placed by clients are filled on a “market execution” basis without requotes, with the possibility of positive or negative slippage, and without broker interference.
Best Forex Brokers Islamic / Swap-Free Forex Broker in Namibia
Overall Rating
- 4.8/5
Min Deposit
0 USD / 0 NAD
Regulators
FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
Trading Desk
MetaTrader 4, MetaTrader 5, HF App
Crypto
No
Total Pairs
50+
Islamic Account
Trading Fees
Account Activation
👉 Overall, HF Markets is the best Islamic/swap free forex broker in Namibia. HF Markets, formerly HotForex, is a low-risk CFD and forex broker that provides competitive trading conditions, retail investor accounts, client fund security, and customer support. HF Markets’ retail investor accounts are appropriate for both novice and expert traders.
Best Forex Brokers Forex Trading App in Namibia
Overall Rating
- 4.7/5
Min Deposit
100 AUD / 1,200 NAD
Regulators
ASIC, CySEC, CMA, FSCA
Trading Desk
MT4, MT5, IRESS, cTrader, FP Markets App
Crypto
Total Pairs
63
Islamic Account
Trading Fees
Account Activation
👉 Overall, FP Markets is the best forex trading app broker in Namibia. FP Markets provides over 10,000 products in stocks, indices, forex, commodities, and cryptocurrencies, as well as an easy-to-use mobile app and a variety of account types. FP Markets provides a variety of value-added services, including VPS hosting for automated trading solutions, copy trading through the MT4 Myfxbook service, and retail account management using the MT4 MAM/PAMM module.
Best Forex Brokers Lowest Spread Forex Broker in Namibia
Overall Rating
- 4.7/5
Min Deposit
95 NAD / 5 USD
Regulators
IFSC, CySEC, ASIC, FSCA
Trading Desk
FBS Trader, MetaTrader 4, MetaTrader 5
Crypto
Total Pairs
36
Islamic Account
No
Trading Fees
Account Activation
👉 Overall, FBS is the best lowest spread forex broker in Namibia. FBS is also a top forex and CFD broker for Namibians, offering a variety of trading accounts as well as a cutting-edge proprietary trading app. FBS charges low, competitive fees, and traders can rest assured that their clients’ funds are safe.
Best Forex Brokers Nasdaq 100 Forex Broker in Namibia
Overall Rating
- 4.7/5
Min Deposit
25 USD / 470 NAD
Regulators
CySEC, SVG, FSA
Trading Desk
MT4, MT5, OctaTrader
Crypto
Total Pairs
28
Islamic Account
Trading Fees
Account Activation
👉 Overall, OctaFX is the best Nasdaq 100 forex broker in Namibia. OctaFX is also a trustworthy broker due to its low required minimum deposit, commission-free trading, and unlimited practise account. OctaFX’s mission is to keep trading costs as low as possible through the utilisation of STP (Straight Through Processing) and ECN models.
Best Forex Brokers Volatility 75 / VIX 75 Forex Broker in Namibia
Overall Rating
- 4.9/5
Min Deposit
100 USD / 1,900 NAD
Regulators
Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
Trading Desk
AvaTrade WebTrader, AvaTradeGO, AvaOptions, AvaSocial, MT4, MT5, DupliTrade, ZuluTrade
Crypto
Total Pairs
55+
Islamic Account
Trading Fees
Account Activation
👉 Overall, AvaTrade is the best Volatility 75 / VIX 75 forex broker in Namibia. AvaTrade is a CFD and FX broker that is globally regulated by financial watchdog authorities. It provides an optimal trading environment for traders of all levels, with 24-hour multilingual support desks.
Best Forex Brokers NDD Forex Broker in Namibia
Overall Rating
- 4.7/5
Min Deposit
5 USD / 95 NAD
Regulators
FSCA, IFSC, ASIC, CySEC, DFSA, FCA
Trading Desk
MT4, MT5, XM Mobile App
Total Pairs
57
Islamic Account
Trading Fees
No (Just spread)
Account Activation
👉 Overall, XM is the best NDD forex broker in Namibia. XM was founded in 2009 and has been in operation for more than 12 years. It operates in over 196 countries, has a service team that speaks 30 languages, and is one of the most trusted and well-regulated brokers. XM also provides strong security, superior customer service, account financing, and low fees.
Best Forex Brokers STP Forex Broker in Namibia
Overall Rating
- 4.7/5
Min Deposit
$10 / 195 NAD
Regulators
IFSC, MFSC and FSC
Trading Desk
MetaTrader4, MetaTrader5, CopyTrade and cTrader
Crypto
No
Total Pairs
62
Islamic Account
Trading Fees
Account Activation
👉 Overall, Axiory is the best STP forex broker in Namibia. Axiory trades are executed in less than 200 milliseconds, and Namibian traders are given the best trading software that is linked to Equinix data centres. Axiory’s cTrader, MetaTrader, and the FIX API can be used to trade forex and CFDs.
Best Forex Brokers sign up bonus Broker in Namibia
Overall Rating
- 4.7/5
Min Deposit
100 USD / 1,900 NAD
Regulators
Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA
Trading Desk
MT4, MT5, Tickmill Mobile
Crypto
Total Pairs
62
Islamic Account
Trading Fees
Account Activation
👉 Overall, Tickmill is the best sign up bonus broker in Namibia. Tickmill’s VIP and Pro accounts also offer very appealing commission-based pricing. Tickmill provides a wide range of CFD currency, stock, commodity, and index CFDs in addition to low spreads, massive leverage, and fast execution speeds.
Conclusion
👉 Overall, a low minimum deposit provides ease of access for new traders wishing to start trading the Forex markets. Beginner traders won’t have to invest much money while learning the fundamentals of forex trading with such a small deposit. Trades should always have enough funds in their accounts to cover margin calls.
Frequently Asked Questions
How much does it cost to start Forex trading in Namibia?
This will depend on the minimum deposit requirement of the broker you choose to sign up with, but you should always trade with enough money to cover 5% of your losses in a single trade.
How much does it cost to enter a Forex trade?
It’s typically recommended that you use no more than 1% of your account balance on a forex trade.
Can I start Forex trading with no money?
Essentially you can, if you sign up with a no-deposit bonus Forex broker. However, most experts recommend that you should start trading with at least USD100.
Can I trade Forex for a living in Namibia?
Many Forex traders become full-time market participants, which requires a lot of experience, education, and sound risk-management strategies.
Can you start trading Forex without a minimum deposit in Namibia?
Yes, you can start trading Forex without a minimum deposit if you sign up with a no-deposit bonus broker.
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