Forex Brokers Namibia
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Forex Brokers Namibia

7 Best Low Spread Forex Brokers in Namibia

The 7 Best Low Spread Forex Brokers in Namibia revealed. We tested and verified the best low-spread forex brokers for Namibian Traders.

This is a complete list of low-spread forex brokers operating in Namibia.

In this in-depth guide you’ll learn:

  • What are spreads in trading?
  • Why traders should consider spreads before choosing a trading broker?
  • Which brokers offer zero-spread accounts?
  • How to choose a forex broker – Compare them against each other. 
  • Which broker offers a sign-up BONUS for first-time traders?
  • Which broker offers a low minimum deposit of $5 (94 NAD)?


And lots more…

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

Let’s dive right in…

Updated : December 4, 2023

7 Best Low Spread Forex Brokers in Namibia – Comparison 

🥇 Broker🎉 Open Account📊 Minimum spread💰 Minimum Deposit?💻 Trading Platforms
1. easyMarketsOpen AccountFixed, 0.03 USD25 USD / 470 NADeasyMarkets App, Web Platform, TradingView, MT4, MT5
2. FP MarketsOpen Account0.0 pips100 USD / 1,883 NADMetaTrader 4, MetaTrader 5, Myfxbook AutoTrade, FP Markets App
3. AlpariOpen AccountFrom 0.4 pip5 USD / 94 NADMetaTrader4, MetaTrader5, Alpari Mobile App
4. IGOpen AccountFrom 0.0 pips0 USD / 0 NADMetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API
5. AvaTradeOpen AccountFixed, from 0.9 pips100 USD / 1,883 NADAvaTrade WebTrader, AvaTradeGO, AvaOptions, AvaSocial, MT4, MT5, DupliTrade, ZuluTrade
6. FXTMOpen Account0.0 pips, Variable10 USD / 188 NADMetaTrader 4, MetaTrader 5, FXTM Trader
7. GO MarketsOpen Account0.0 pips200 USD / 3,766 NADMT4, MT5, cTrader, Copy Trading, Mobile Trading, WebTrader

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 is a low-spread Forex broker?

A low-spread forex broker often offers tight spreads for forex trading. When spreads are tight, there is virtually no difference between the ask and bid prices. Low spreads make trading more favourable during the key forex sessions.

 

The typical indications of a tight spread include low volatility and high liquidity.

7 Best Low Spread Forex Brokers in Namibia Summary

  1. easyMarkets – Overall, Best Low Spread Forex Broker in Namibia
  2. FP Markets – Offers User-Friendly Trading Platforms
  3. Alpari – MetaTrader 4 and MetaTrader 5 Offered
  4. IG – Traders Receive Free Trading Signals
  5. AvaTrade – Multitude of Social Trading Opportunities Offered
  6. FXTM – Several Educational Tools To Learn More About Trading
  7. GO Markets – Offers a Free Demo Account

1. easyMarkets

EasyMarkets review

 

WTI (Fixed) is available from EasyMarkets to Namibian traders with no commission fees and a fixed spread of 0.03 USD. The highest leverage ratio available on EasyMarkets is 1:400, and the broker also offers an Islamic account. 

 

Supported platforms include MT4, MT5, easyMarkets, Web Platform and TradingView. EasyMarkets, which is based in the British Virgin Islands, is regulated by BVI FSC, CySEC, ASIC, and FSA.

 

EasyMarkets, which began operations in 2001, was one of the first businesses to provide online trading using a simple interface. EasyMarkets aims to provide traders with dependable trading conditions in reaction to market volatility, so they are always aware of their costs. This is done with a fixed spread and no slippage.

 

Overall Rating

Min Deposit

25 USD / 470 NAD

Regulators

BVI FSC, CySEC, ASIC, FSA

Trading Desk

easyMarkets App, Web Platform, TradingView, MT4, MT5

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Since the start of their operation, easyMarkets’ goal has been to democratise trading by allowing an initial deposit of just 25 USD / 470 NAD, while also expanding their clientele and obtaining multiple favourable reviews for their trading platform.

 

Trading in cryptocurrencies has been added to easyMarkets’ Contracts for Difference (CFDs) offering in addition to Forex instruments, global indexes, energy, metals, and equities over the years. EasyMarkets additionally provides CFDs for commodities like metals and energy.

 

EasyMarkets has a solid reputation overall, especially among traders who are just starting out. EasyMarkets is renowned for its user-friendly features, which also include a low rate of freezes and the capacity to cancel transactions.

 

EasyMarkets Overview

Account FeatureValue
💻 Trading PlatformseasyMarkets App, Web Platform, TradingView, MT4, MT5
💰 Minimum Transaction Size (USD)25 USD / 470 NAD
🔎 Trading AccountsWeb/App VIP, Web/App Premium, Web/App Standard, MT4 VIP, MT4 Premium, MT4 Standard, MT5 Account
📊 SpreadFixed, 0.03 USD
💰 CommissionsNone
📈 Maximum LeverageUp to 1:400
⚖️ RegulationBVI FSC, CySEC, ASIC, FSA
🎉 Open AccountOpen Account

 

EasyMarkets - low spread

 

Pros and Cons

✔️ Pros❌ Cons
easyMarkets is well-regulated by Tier-1, Tier-2, and Tier-3 regulatorseasyMarkets is a market maker broker that takes the opposite side in trades, which means that the broker profits from the losses experienced by traders
easyMarkets offers a choice between several retail accounts and trading optionsThere is no NAD-denominated account offered
There are fixed spread accounts offered and transparent trading fee schedulesThere is an inactivity fee charged
Commissions are not charged on any trades
There are no deposit or withdrawal fees
easyMarkets offers instant withdrawals and supports NAD
There is a proprietary easyMarkets trading app provided
The broker offers free guaranteed stop-loss orders, Trading Central, and trading signals

 

2. FP Markets

FP Markets review

 

Residents in Namibia are welcome to use FP Markets, which offers a round-turn commission fee of US$6 ($3 on each side) with an average spread that starts at 0.0 pips.

 

With a maximum leverage ratio of 1:500, FP Markets provides demo and Islamic accounts. The platforms that are supported are MT4, MT5, Myfxbook, and FP Markets App. ASIC and CySEC oversee FP Markets, an Australian company.

 

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

 

Since its establishment in 2005, FP Markets has provided services to clients from all around the world, giving it a thorough understanding of the sector. By utilising cutting-edge trading technology and electronic bridges, FP Markets has a significant advantage in that it increases its service and finances its innovation.

 

FP Markets has built a stellar reputation in the sector over the course of its operations, making it a highly dependable broker despite the absence of regulation in Namibia.

 

FP Markets Overview

Account FeatureValue
💻 Trading PlatformsMetaTrader 4, MetaTrader 5, Myfxbook AutoTrade, FP Markets App
💳 Minimum Deposit100 USD / 1,883 NAD
🔎 Trading AccountsMT4/5 Standard Account, MT4/5 Raw Account, MT4/5 Islamic Standard Account, MT4/5 Islamic Raw Account
📊 Spread0.0 pips
💰 CommissionsFrom US$3
📈 Maximum Leverage1:500
⚖️ RegulationASIC, CySEC
🎉 Open AccountOpen Account

 

FP Markets

 

Pros and Cons

✔️ Pros❌ Cons
FP Markets is well-regulated by a Tier-1 and Tier-2 market regulators, which means that Namibian traders are dealing with a legit brokerThere are additional fees that apply to Swap-free accounts
There is a massive range of markets across several asset classesThere is no NAD-denominated account
There are powerful and user-friendly trading platforms that can be used across different devicesWithdrawal fees are charged on most payment methods
There is reliable and fast trade execution through the Equinix servers
There are commission-free accounts offered
There are designated Islamic accounts offered to Muslim traders
FP Makers offers beginner Namibian traders a range of educational materials
There are a plethora of deposit methods and withdrawal options to choose from

 

3. Alpari 

Alpari review

 

Three Russian partners created Alpari in 1998, and over the years it has grown into one of the top Forex brokers.

 

Through offices in Russia, Ukraine, Belarus, Belize, Moldova, Mauritius, Saint Vincent and the Grenadines, Uzbekistan, Kazakhstan, and Georgia, Alpari currently offers more than a million customers from 150 different countries a wide range of premium services for cutting-edge internet trading on the foreign exchange currency market.

 

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 citizens are welcome to use Alpari, which has a $1.5 commission fee per side and an average spread of 0.4 pip. Alpari has a maximum leverage ratio of 1:3000 and provides both a demo account and an Islamic account.

 

Due to its user-friendly interface, high level of comprehensive training resources, and top-notch customer service, Alpari is a fantastic choice for new traders in Namibia. However, Alpari’s in-house mobile trading software has a lot to offer experienced traders as well.

 

Alpari Overview

Account FeatureValue
💻 Trading PlatformsMetaTrader4, MetaTrader5, Alpari Mobile App
💳 Minimum Deposit5 USD / 94 NAD
🔎 Trading AccountsForex Standard Account, Forex Micro Account, Forex ECN Account, Forex Pro Account
📊 SpreadFrom 0.4 pip
💰 Commissions$1.5 commission fee per side
📈 Maximum Leverage1:3000
⚖️ RegulationFinancial Services Commission Mauritius (FSC)
🎉 Open AccountOpen Account

 

Alpari - low spread

 

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

 

4. IG

IG review

 

One of the largest CFD brokers in the world is IG, which began operations in the UK in 1974.

 

Among the principal authorities that supervise IG in various areas of the world are the Financial Conduct Authority (FCA) in the United Kingdom and the Federal Financial Supervisory Authority in Germany (BaFin).

 

The IG Group also owns public shares and trades on the London Stock Exchange. Since IG is publicly traded, its financials are available for public review, and it is subject to the toughest regulatory requirements, people recognise it as a reliable company.

 

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

 

Trading opportunities, commission-free options, a highly competitive trading environment, and highly advanced trading algorithms are all made available to traders by the diversity of currency pairings they can select from.

 

One of the oldest Forex brokers in the business, IG, further enhances its dependability and credibility.

 

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

 

Pros and Cons

✔️ Pros❌ Cons
Offers a significant range of financial instruments, including Namibian-specific trading instrumentsHigh minimum deposit charged
There are several powerful trading platforms offeredInactivity fees apply
There are competitive trading conditions that include low spreads, low commissions, and reliable trade execution
Traders can get free trading signals
There is a comprehensive IG Academy offered with dedicated educational resources
Convenient funding options provided along with free deposits and withdrawals
FIX API Direct Market Access trading is offered
There are Swap-Free Accounts offered for Islamic traders

 

5. AvaTrade

Avatrade review

 

AvaTrade has more than 400,000 users worldwide. It is one of the brokers with the strictest regulations in the world and has won many accolades for its work.

 

When trading more than 1250 FX pairs, AvaTrade offers customer service and assistance in many different languages. In addition to its powerful trading tools, it also provides free Smart Charts, Webinars, and a range of forex trading education.

 

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

 

With a $1,000 deposit, the trader has access to a dedicated account manager from AvaTrade for support, direction, and one-on-one training sessions.

 

Customers’ money is kept in separate accounts, and the company is governed by strict rules. Through AvaTrade, Namibian investors have access to a wide range of investor accounts with a number of account kinds offered in several jurisdictions.

 

AvaTrade Overview

Account FeatureValue
💻 Trading PlatformsAvaTrade WebTrader, AvaTradeGO, AvaOptions, AvaSocial, MT4, MetaTrader 5, DupliTrade, ZuluTrade
💳 Minimum Deposit100 USD / 1,883 NAD
🔎 Trading AccountsStandard Live Account, Professional Account Option
📊 SpreadFixed, from 0.9 pips
💰 CommissionsNone
📈 Maximum Leverage1:30 (Retail)
1:400 (Pro)
⚖️ RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
🎉 Open AccountOpen Account

 

AvaTrade

 

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.

 

6. FXTM

FXTM review

 

FXTM is a trustworthy, competitive, and low-risk forex broker in Namibia. FXTM was founded in 2011 and has its main office in Cyprus. Over the course of its more than ten years of operation, the company has received over 25 awards, including Best Investment Broker.

 

FXTM has been authorised as a multi-regulated FX broker by the UK’s Financial Conduct Authority. Retail customers’ money is stored in separate, secure accounts with trustworthy banks.

 

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

 

FXTM offers access to the currency market seven days a week, twenty-four hours a day. It trades in all significant, minor, and exotic currency pairs and offers forex trading fees that range from reasonable to average.

 

FXTM has an extensive and focused customer support system that can be contacted by phone, live chat, or email. Trading and technical support encompass both the analysis of trading blunders and the solutions to trading problems as they arise.

 

FXTM Overview

Account FeatureValue
💻 Trading PlatformsMetaTrader 4, MetaTrader 5, FXTM Trader
💳 Minimum Deposit10 USD / 188 NAD
🔎 Trading AccountsMicro Account, Advantage Account, Advantage Plus Account
📊 Spread0.0 pips, Variable
💰 CommissionsFrom $0.4 to $2
📈 Maximum Leverage1:2000
⚖️ RegulationCySEC, FSCA, FCA, CMA, FSC Mauritius
🎉 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

 

7. GO Markets

Go Markets review

 

GO Markets is a multi-regulated forex broker in Namibia that adheres to stringent regulations outlined by a compliance management system. Client funds are stored in separate accounts at trustworthy banks.

 

GO Markets offers two retail investor accounts, each intended for traders with differing levels of education and experience.

 

Overall Rating

Min Deposit

200 USD / 3,766 NAD

Regulators

ASIC, CySEC, FSC

Trading Desk

MT4, MT5, cTrader, Copy Trading, Mobile Trading, WebTrader

Crypto

Yes

Total Pairs

60

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

 

One of the top 50 forex brokers in Namibia, GO Markets, places a high value on satisfying client needs and offering top-notch customer support. The broker boasts extremely affordable trading fees and an average spread of 1.1–1.2 pips against major currencies.

 

GO Markets Overview

Account FeatureValue
💻 Trading PlatformsMT4, MT5, cTrader, Copy Trading, Mobile Trading, WebTrader
💳 Minimum Deposit200 USD / 3,766 NAD
🔎 Trading AccountsPlus+ Account, Standard Account
📊 Spread0.0 pips
💰 Commissions$3.00 per side on standard lot
📈 Maximum LeverageUp to 500:1
⚖️ RegulationASIC, CySEC, FSC
🎉 Open AccountOpen Account

 

GO Markets

 

Pros and Cons

✔️ Pros❌ Cons
GO Markets is well-regulated by Tier-1, Tier-2, and Tier-3 regulatorsThere are only two retail accounts available
GO Markets is a well-established forex and CFD broker with a good reputationNAD is not a listed deposit currency, which means that Namibian traders may face currency conversion fees when they deposit or withdraw in local currency
There is a quick and simple account registration processThere is no NAD-denominated trading account for Namibian traders
There is a demo account offeredThere is no Islamic account option for Muslim traders
There are powerful trading platforms provided for web, desktop, and mobile tradingThe minimum deposit requirement is higher than what other brokers charge
Namibian traders can choose from reliable funding and withdrawal options
GO Markets offers expert market analysis to more experienced Namibian traders
There is a comprehensive affiliate program offered by GO Markets

 

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 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

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 utilisation 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 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

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 the Forex brokers on this list are your best bet if you want to trade with confidence in a transparent and affordable trading environment.

 

Many of these brokers also provide Islamic accounts that are appropriate for Namibian investors and provide demo trading. They offer a variety of platforms and trading alternatives, as well as minimal spreads and secure account deposits.

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Frequently Asked Questions

Is Forex trading legal in Namibia?

Yes, you can legally trade Forex in Namibia with no restrictions on the Forex brokers you can choose. 

 

How many Forex traders are there in Namibia?

At the time of writing, there are more than 150, 000 Forex traders in Namibia.

 

Do Forex brokers in Namibia offer zero-spread accounts?

Yes, there are Forex brokers in Namibia which currently offer zero-spread accounts.

 

Which are the best Forex brokers for beginner traders in Namibia?

Beginner traders in Namibia should look for Forex brokers that are regulated in several jurisdictions, offer excellent customer support, and have beginner-friendly trading platforms. 

 

How do I start Forex trading in Namibia?

You should start by signing up with a regulated Forex broker, opening and practising in a demo account, and starting live trades in a micro account for minimal risk.

9.2/10 - (12 votes)