Scam Forex Brokers in Namibia
10 Best MetaTrader 4 (MT4) Brokers in Namibia
The 10 Best MetaTrader 4 (MT4) Brokers in Namibia revealed. MetaTrader 4 is one of Namibia’s best trading platforms for beginner and professional traders. However, because of its popularity, most brokers offer it, making it difficult to choose the right one.
We have tested several brokers that cater to Namibian traders to find the 10 Best MetaTrader 4 (MT4) Brokers.
In this in-depth guide, you’ll learn:
- What Makes MetaTrader 4 the Best Platform for Namibians?
- Who are the 10 Best MetaTrader 4 (MT4) Brokers in Namibia?
- Tips For Trading Forex on MetaTrader 4 in Namibia
- Our Conclusion on The 10 Best MetaTrader 4 (MT4) Brokers in Namibia
- Popular FAQs about The 10 Best MetaTrader 4 (MT4) Brokers in Namibia
And lots more…
So, if you’re ready to go “all in” with The 10 Best MetaTrader 4 (MT4) Brokers in Namibia…
Let’s dive right in…
- Louis Schoeman
10 Best Forex Brokers in Namibia
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What Makes MetaTrader 4 the Best Platform for Namibians?
MetaTrader 4 (MT4) is a versatile forex trading tool designed for Namibian traders. It offers advanced trading and analytical features, making it suitable for beginners and experienced traders.
Furthermore, MT4 also offers Namibian Expert Advisors (EAs) for automated trading strategies. MetaTrader 4’s reliability and comprehensive charting tools make it an essential choice for Namibians seeking an edge in forex trading.
Best MT4 Brokers in Namibia – Comparison
| 🥇 Broker | 🎉 Open An Account | 💵 Minimum Deposit (NAD) | ✔️ Deposit Currencies | 📊 Starting spread |
| 1. AvaTrade | Open Account | 100 USD / 1,900 NAD | AUD, USD, GBP, EUR, CHF, JPY, ZAR | 0.9 pips EUR/USD |
| 2. FP Markets | Open Account | 100 AUD / 1,200 NAD | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, AED, INR, BRL, MYR, IDR, VND, KES, UGX, TSH, PHP, DKK, SEK, HUF, NOK, ZAR, GHS, NGN, RHF, XOF, XAF, NAD, ZMW, TZS, LAK, VND | 0.0 pips |
| 3. XM | Open Account | 5 USD / 95 NAD | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | From 0.7 pips |
| 4. HFM | Open Account | 0 USD / 0 NAD | USD, AED, EUR, GBP, CHF, JPY, NZD, CAD, ZAR, and more. | 0.0 pips |
| 5. Exness | Open Account | Depending on the payment system, typically, low | All | 0.0 pips EUR/USD |
| 6. FXTM | Open Account | 10 USD / 190 NAD | INR, NGN, KES, USD, EUR, GHS, RWF, ZAR, TZS, UGX, IDR, GBP, PLN, CZK | 0.0 pips, variable |
| 7. Tickmill | Open Account | 100 USD / 1,900 NAD | USD, EUR, GBP, ZAR, IDR, CNY | From 0.0 pips |
| 8. Pepperstone | Open Account | 200 AUD / 2,500 NAD | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD | Variable, from 0.0 pips EUR/USD |
| 9. IC Markets | Open Account | 200 USD / 3,800 NAD | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF, RMB | From 0.0 pips |
| 10. IG | Open Account | 250 USD / 4,700 NAD | GBP, EUR, AUD, USD, SGD, HKD | From 0.1 pips DMA |
10 Best MetaTrader 4 Brokers in Namibia (Updated 2024)
- ☑️AvaTrade – Overall, Best MT4 Platform for Namibia Traders
- ☑️FP Markets – Best Broker for Beginner Namibia Traders
- ☑️XM – Best Regulated Forex Broker
- ☑️HFM – Best MT4 Broker for Copy Trading
- ☑️Exness – Offers Instructional Content and Market Research
- ☑️FXTM – Provides Access to Expert Market Analysis
- ☑️Tickmill – Top Islamic Account Broker
- ☑️Pepperstone – Lowest Minimum Deposit Broker in Namibia
- ☑️IC Markets – Verified Naira-Based Account for Namibians
- ☑️IG – User-Friendly Broker to Offer Negative Balance Protection
1. AvaTrade
Overview
AvaTrade is a popular broker in Namibia, offering various financial products, including forex, stocks, commodities, and cryptocurrencies.
AvaTrade is known for its robust regulatory standards and is overseen by global financial authorities, making it a safe option for Namibians.
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
Apart from powerful trading platforms like MetaTrader 4, AvaTrade provides educational resources and customer support to new and experienced traders, ensuring they have the tools and knowledge to trade effectively.
Unique Features
💵 Minimum Deposit 100 USD / 1,900 NAD
✔️ Deposit Currencies AUD, USD, GBP, EUR, CHF, JPY, ZAR
🔎 Trading Platforms AvaTrade WebTrader, AvaTradeGO, AvaOptions, AvaSocial, MT4, MT5, DupliTrade, ZuluTrade
📊 Starting spread 0.9 pips EUR/USD
💰 Minimum Commission per Trade None; only the spread is charged
📈 Demo Account Yes
⚖️ Non-expiring Demo No
⏰ Demo Duration 21 days
🎉 Open Account Open Account
Integration with MetaTrader 4
AvaTrade is partnered with MetaTrader 4 (MT4) for improved trading experience and advanced features.
Therefore, Namibian traders can access customizable charts, technical indicators, and automated trading through Expert Advisors (EAs).
This integration enables efficient risk management and strategy testing in a simulated, risk-free environment. AvaTrade enhances this integration with additional plugins and services, making the MT4 platform even more powerful for Namibian traders.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| With AvaTrade and MT4, Namibians can access the best charting capabilities | The range of features and trading options might overwhelm beginners |
| AvaTrade supports the use of MT4’s EAs | The full range of AvaTrade’s instruments is not available on MT4 |
| Namibians can customize their indicators | MT4 limits traders to mostly forex and CFDs |
| Namibians can easily back-test their strategies on MetaTrader 4 | |
| AvaTrade and MT4 offer multilingual customer support |
2. FP Markets
Overview
FP Markets is known for offering direct market access (DMA) trading conditions to various traders. Therefore, FP Markets offers a transparent and fast trading experience for traders in Namibia.
FP Markets strives to comply with top financial authorities’ regulations, ensuring safe investments.
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
FP Markets offers Namibians a wide range of trading options, including forex, indices, commodities, and cryptocurrencies, catering to investors’ preferences.
Unique Features
💵 Minimum Deposit 100 AUD / 1,200 NAD
✔️ Deposit Currencies AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, AED, INR, BRL, MYR, IDR, VND, KES, UGX, TSH, PHP, DKK, SEK, HUF, NOK, ZAR, GHS, NGN, RHF, XOF, XAF, NAD, ZMW, TZS, LAK, VND
🔎 Trading Platforms MT4, MT5, IRESS, cTrader, FP Markets App
📊 Starting spread 0.0 pips
💰 Minimum Commission per Trade US$3 per side
📈 Demo Account Yes
⚖️ Non-expiring Demo Yes, if the demo account remains active
⏰ Demo Duration 30 days if it becomes inactive
🎉 Open Account Open Account
Integration with MetaTrader 4
Namibian traders will appreciate FP Markets’ MT4 trading platform’s seamless integration with operations, providing real-time market price updates and quick transaction execution.
In addition, along with FP Markets’ trading tools, MT4 offers advanced charting and technical indicators, enabling informed decision-making.
Furthermore, the MT4 WebTrader platform simplifies trading from a browser without downloading anything, making it ideal for those using automated trading strategies.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FP Markets ensures low latency trading by offering reliable trading execution | MT4 might present a learning curve to new traders because of its features |
| FP Markets charges spreads from 0.0 pips on EUR/USD | Slippage might occur in volatile markets |
| Namibians can use EAs and other strategies with FP Markets | |
| Namibians can customize the MT4 interface to their liking | |
| FP Markets offers comprehensive educational materials to traders |
3. XM
Overview
XM is a popular option in Namibia that offers traders adaptable trading conditions, diverse account options, and over 1,000 trading instruments.
With regulatory approval in various jurisdictions, Namibian traders can trust XM’s reliability and fair trading dedication.
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
Furthermore, XM offers personalized customer service and educational resources, catering to traders of all levels. Overall, its transparent trading environment with no re-quotes and no rejection of orders appeals to Namibian traders.
Unique Features
💵 Minimum Deposit 5 USD / 95 NAD
✔️ Deposit Currencies USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR
🔎 Trading Platforms MT4, MT5, XM Mobile App
📊 Starting spread From 0.7 pips
💰 Minimum Commission per Trade From $1 per share
📈 Demo Account Yes
⚖️ Non-expiring Demo Yes, if it remains in use
⏰ Demo Duration Unlimited, but inactive accounts expire after 90 days
🎉 Open Account Open Account
Integration with MetaTrader 4
XM is a reputable Namibian broker integrating MetaTrader 4, offering various account types like Micro, Standard, XM Ultra-Low, and Shares Account.
The platform is known for its user-friendly interface, extensive trading tools, and high-quality order execution. Furthermore, XM provides MetaTrader 4 across devices, allowing Namibians the flexibility to manage their trades at home, work, or while they travel.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| XM offers Namibians personalized, multilingual support across channels | XM does not provide a desktop app |
| Namibians can access powerful mobile trading apps through XM | The spreads are wider than that of competitors |
| XM’s flexible trading conditions suit traders regardless of their experience | |
| XM is well-regulated and has a good reputation | |
| MT4 and XM offer Namibians robust analytical tools |
4. HFM
Overview
HFM is a trusted broker in the Namibian trading community, offering forex, commodities, indices, and shares.
HFM is client-centric and aims to provide flexible, fair, and personalized trading solutions. HFM is popular in Namibia for its competitive pricing, flexible leverage options, and educational materials.
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
In addition, HFM’s strong regulatory measures, commitment to transparency, and security make it a preferred choice for Namibian traders seeking a reliable partner.
Unique Features
💵 Minimum Deposit 0 USD / 0 NAD
✔️ Deposit Currencies USD, AED, EUR, GBP, CHF, JPY, NZD, CAD, ZAR, and more.
🔎 Trading Platforms MetaTrader 4, MetaTrader 5, HF App
📊 Starting spread 0.0 pips
💰 Minimum Commission per Trade From $6 per round turn on Forex
📈 Demo Account Yes
⚖️ Non-expiring Demo Yes
⏰ Demo Duration Unlimited
🎉 Open Account Open Account
Integration with MetaTrader 4
HFM’s integration with MetaTrader 4 offers a user-friendly platform with advanced trading features, suitable for Namibian traders. It provides real-time market data, charting options, and expert advisors for automated trades.
HFM also provides personalized tools and indicators, allowing traders to customize the platform to suit their unique trading styles. This integration enhances trading efficiency with fast execution speeds and excellent customer support.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| HFM is known for its reliable trade execution speeds | HFM offers limited trading instruments |
| Namibian traders can use leverage up to 1:2000 on forex major pairs | HFM has limited third-party trading tools and platforms compared to competitors |
| HFM offers Namibian beginners comprehensive education | |
| Customer support is friendly and helpful | |
| Namibians pay spreads from 0.0 pips on major pairs like EUR/USD |
5. Exness
Overview
Exness offers clear trading terms with tight spreads and no hidden fees, making it attractive to Namibian traders.
With a strong regulatory framework, Exness provides a safe and reliable trading environment.
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
Furthermore, Exness offers a variety of financial assets, including forex, metals, cryptocurrencies, energies, and indices, catering to Namibian investors’ diverse preferences.
Unique Features
💵 Minimum Deposit Depending on the payment system, typically, low
✔️ Deposit Currencies All
🔎 Trading Platforms MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app
📊 Starting spread 0.0 pips EUR/USD
💰 Minimum Commission per Trade From $0.1 per side, per lot
📈 Demo Account Yes
⚖️ Non-expiring Demo No
⏰ Demo Duration 21-days
🎉 Open Account Open Account
Integration with MetaTrader 4
Exness offers various MetaTrader 4 integrated accounts, including Standard Cent, Raw Spread, Zero, and Pro Accounts, catering to different trading approaches.
These accounts offer Namibians variable spreads, flexible leverage options, and a wide range of tradable assets.
Furthermore, Exness is also renowned for its extensive base currency selection, market execution, and Islamic accounts, offering a versatile trading platform for Namibian traders.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Exness charges zero-pip spreads on major currency pairs | Unlimited leverage can lead to a substantial loss of capital |
| Beginners can access the Exness Academy to gain more knowledge in forex trading | Exness has limited financial instruments |
| Namibians can register a multi-currency account with Exness | Exness does not offer a NAD-denominated account |
| Exness offers instant deposits and withdrawals without charging any internal fees | |
| Namibians can use unlimited leverage |
6. FXTM
Overview
ForexTime (FXTM) is a popular choice for Namibian traders due to its educational resources and trading tools, catering to novice traders.
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
Established in 2011, FXTM offers Namibian traders competitive spreads, flexible leverage options, and a variety of account types, including ECN and standard accounts, to cater to the specific needs of the Namibian trading community.
Unique Features
💵 Minimum Deposit 10 USD / 190 NAD
✔️ Deposit Currencies INR, NGN, KES, USD, EUR, GHS, RWF, ZAR, TZS, UGX, IDR, GBP, PLN, CZK
🔎 Trading Platforms MetaTrader 4, MetaTrader 5, FXTM Trader
📊 Starting spread 0.0 pips, variable
💰 Minimum Commission per Trade $0.40 to $2, depending on the trading volume
📈 Demo Account Yes
⚖️ Non-expiring Demo No
⏰ Demo Duration 30 days
🎉 Open Account Open Account
Integration with MetaTrader 4
FXTM’s Trader App enhances its integration with MetaTrader 4, letting Nigerian traders manage accounts and trade while on the go.
This unique and robust mobile solution is especially beneficial for Namibian traders because it offers flexibility in monitoring markets and executing trades without being stuck behind a terminal.
Furthermore, FXTM’s commitment to technology extends to its additional trading tools, such as the FXTM Pivot Points Strategy, which offers advanced analysis options.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FXTM offers ideal solutions to beginners in Namibia | High leverage, despite negative balance protection, can still result in large losses |
| Namibians can access several trading and investment options with FXTM | There might be market execution delays during volatile market conditions |
| FXTM is reputable and regulated globally | FXTM’s instruments are limited |
| The trading accounts from FXTM offer competitive trading conditions | |
| FXTM applies negative balance protection to all retail accounts |
7. Tickmill
Overview
Tickmill, established in 2014, is popular for Namibian traders due to its low spreads and commission rates. With over 80 financial instruments, including forex, stock indices, commodities, and bonds, it offers a diversified investment portfolio.
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
Tickmill also offers trader education programs and market analysis tools, enhancing Namibian traders’ understanding of the market.
Unique Features
💵 Minimum Deposit 100 USD / 1,900 NAD
✔️ Deposit Currencies USD, EUR, GBP, ZAR, IDR, CNY
🔎 Trading Platforms MetaTrader 4, MetaTrader 5, Tickmill Mobile App
📊 Starting spread From 0.0 pips
💰 Minimum Commission per Trade $1 per side, per standard lot traded
📈 Demo Account Yes
⚖️ Non-expiring Demo Yes
⏰ Demo Duration Unlimited
🎉 Open Account Open Account
Integration with MetaTrader 4
Tickmill’s integration with MetaTrader 4 (MT4) offers exclusive tools like Tickmill VPS and Autochartist, enhancing the trading experience. Tickmill VPS allows automated trading strategies to operate 24/7, making it useful for algorithmic traders.
Furthermore, Autochartist provides advanced chart pattern recognition within MT4, assisting Namibians in identifying potential trading opportunities more effectively.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Traders can access several third-party tools with Tickmill | Tickmill does not have a native desktop app |
| Tickmill offers VPS solutions | There is a narrow focus on CFDs with Tickmill |
| Namibians can expect commission-free trading | |
| Tickmill offers high leverage on major forex pairs | |
| There is algorithmic support offered through Tickmill’s VPS |
8. Pepperstone
Overview
Pepperstone is popular for Namibian traders due to its quick trade execution and excellent customer service.
Its no-dealing-desk (NDD) approach allows direct access to a wide range of funds, resulting in minimal price discrepancies.
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
Furthermore, Pepperstone also offers multiple trading platforms, including MT4, catering to novice and seasoned traders.
Unique Features
💵 Minimum Deposit 200 AUD / 2,500 NAD
✔️ Deposit Currencies AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD
🔎 Trading Platforms TradingView, MetaTrader 4, MetaTrader 5, cTrader, Capitalise.ai
📊 Starting spread Variable, from 0.0 pips EUR/USD
💰 Minimum Commission per Trade From AU$7
📈 Demo Account Yes
⚖️ Non-expiring Demo No, only if you have a funded live account
⏰ Demo Duration 30 days if a live account is not registered
🎉 Open Account Open Account
Integration with MetaTrader 4
Pepperstone has enhanced its MT4 platform with Smart Trader Tools, a collection of 28 advanced tools and indicators designed to provide traders with comprehensive market analysis and insights.
These tools, including integrated economic calendars, improved mini terminals, and simulated trading functions, streamline the trading process for Namibians, making Pepperstone’s MT4 platform one of the most advanced in the industry.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Pepperstone offers award-winning customer support to Namibians | Pepperstone’s tools can be complex for beginners |
| Traders can expect reliable and fast execution speeds | Pepperstone has a high minimum deposit requirement compared to the lower requirements of rivals |
| Pepperstone offers comprehensive education | |
| Namibians can benefit from Pepperstone’s NDD execution with minimal slippage and tight spreads | |
| There are several powerful tools, including Smart Trader |
9. IC Markets
Overview
IC Markets offers a transparent trading experience with a Communication Network setup, catering to Namibian traders who prefer unlimited market access.
With low spreads starting at 0.0 pips on major currency pairs, IC Markets particularly benefit scalping or high-volume traders in Namibia.
Overall Rating
- 4.7/5
Min Deposit
200 USD / 3,800 NAD
Regulators
FSA, CySEC, ASIC
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, ZuluTrade
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Furthermore, IC Markets focuses on swift trading execution services and supports financial instruments like forex, commodities, and indices, catering to traders’ diverse needs.
Unique Features
💵 Minimum Deposit 200 USD / 3,800 NAD
✔️ Deposit Currencies AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF, RMB
🔎 Trading Platforms MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, ZuluTrade
📊 Starting spread From 0.0 pips
💰 Minimum Commission per Trade From $3 to $3.5
📈 Demo Account Yes
⚖️ Non-expiring Demo Yes, if it remains active
⏰ Demo Duration Unlimited, but will close after 30 days of inactivity
🎉 Open Account Open Account
Integration with MetaTrader 4
IC Markets improves the MT4 experience by providing fast execution speeds and seamless connectivity to deep liquidity pools, which is especially beneficial for Namibian traders using automated trading strategies or Expert Advisors.
The platform optimizes servers in the NY4 & LD5 data centres, minimizing latency. Furthermore, IC Markets also offers advanced trading tools, including add-ons and indicators.
With all these additions, IC Markets enhances market analysis, streamlines trade execution, and enhances risk management strategies, allowing Nigerians to make more informed decisions.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| IC Markets is ideal for algorithmic trading and scalping Namibians | IC Markets might be too complex to navigate for beginners |
| There are several advanced trading tools offered | IC Markets has a high minimum deposit requirement to register an account |
| IC Markets is known for its ECN trade execution | |
| IC Markets has high trading volumes, ensuring sufficient liquidity | |
| IC Markets offers Namibians low latency, ideal for several strategies |
10. IG
Overview
IG is a top-tier broker globally known for its credibility and recognition. Namibian traders can access over 17,000 markets, including forex, indices, shares, commodities, and cryptocurrencies.
IG’s commitment to transparency, client education, and support, backed by a robust regulatory framework, ensures a reliable trading environment.
Overall Rating
- 4.8/5
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
Furthermore, IG also provides innovative trading tools and technologies tailored to meet the needs of both novice and seasoned traders, making it a comprehensive solution for trading activities.
Unique Features
💵 Minimum Deposit 250 USD / 4,700 NAD
✔️ Deposit Currencies GBP, EUR, AUD, USD, SGD, HKD
🔎 Trading Platforms MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API
📊 Starting spread From 0.1 pips DMA
💰 Minimum Commission per Trade 0.10%
📈 Demo Account Yes
⚖️ Non-expiring Demo Yes
⏰ Demo Duration Unlimited
🎉 Open Account Open Account
Integration with MetaTrader 4
IG’s integration with MetaTrader 4 (MT4) offers Namibian traders access to professional-grade trading tools, including ProRealTime charts, over 100 indicators, and custom tools.
Autochartist is a market scanning tool available to Namibians that automatically identifies trading opportunities based on technical analysis patterns.
Furthermore, this integration aims to empower traders with the tools to analyze market movements efficiently and make informed decisions, enhancing their trading experience.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Namibians have a range of investment and trading opportunities with IG | IG’s platforms might present a learning curve for some |
| IG has extensive educational materials for beginners | There is a high $250 (or currency equivalent) minimum deposit required to start trading |
| There are ideal automated trading opportunities with IG | |
| Namibians can expect full client fund security | |
| Namibians can diversify their portfolios with over 17,000 markets |
Tips For Trading Forex on MetaTrader 4 in Namibia
Trading Forex in Namibia with MetaTrader 4 (MT4) could be a rewarding experience if traders approach it with the necessary knowledge and back-tested strategies. MT4 has several features that can benefit Namibians, but it can also be complex for beginners who do not have prior experience.
To help Namibians get started in forex trading with MetaTrader 4, traders can follow these tips:
Learn about the flexible tools and capabilities available on MT4. The software offers extensive charting options, diverse technical indicators, and automated trading using Expert Advisors (EAs). Understanding and applying these techniques can help Namibians understand the market and generate informed plans.
Create and test strategies with the platform’s demo account functionality. This risk-free environment lets traders try alternative strategies, improve their abilities, and develop confidence before investing real money.
Understanding how economic events influence currency pairings is critical for Namibian traders. MT4’s economic calendar can give traders useful insights into market-moving events, allowing them to plan trades more effectively.
Use the community and resources available around MT4. The MT4 user base creates several forums, tutorials, and custom indicators.
Namibian traders should consider using the MT4 mobile app. This allows them to monitor holdings and respond to market movements quickly.
Use MT4’s numerous order types, such as stop-loss orders, to safeguard investments. Maintaining discipline in risk management will guarantee that Namibians can maintain trading activity over time, allowing them to learn from mistakes and improve trading performance.
Conclusion
Overall, after testing several brokers and their MetaTrader 4 platforms for Namibians, we found that these brokers typically charge competitive spreads and offer some of the best market access. Furthermore, these brokers facilitate a seamless trading experience in integrating with MetaTrader 4.
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Frequently Asked Questions
What fees can I expect from an MT4 broker?
Depending on your chosen broker, you can expect zero-pip spreads, low commission fees (and even commission-free trading), overnight fees, holding fees on Islamic Accounts, inactivity fees, etc.
Do MT4 brokers in Namibia provide Islamic accounts?
Yes, several brokers on our list cater exclusively to Islamic traders by providing swap-free accounts that adhere to Sharia law.
Can I start forex trading in Namibia with a modest amount?
Yes, several MT4 brokers have micro or cent accounts (like XM, Exness, and HFM) that let you start trading with smaller amounts of capital.
How can I locate a reliable MT4 broker in Namibia?
You can consider MT4 forex brokers regulated by reputable financial authorities such as the FSCA in South Africa, FCA in the United Kingdom, and ASIC in Australia.
Can I open a demo account with an MT4 broker?
Yes, you can. For example, all the brokers on our list provide demo accounts to Namibian traders. However, most demo accounts are only valid for a certain time.
Do MT4 brokers provide educational resources for Namibian traders?
Yes, several MT4 brokers provide educational resources to Namibian traders, including webinars, educational videos, glossaries, FAQ sections, trading instructions, and market analysis.
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