Forex Brokers Namibia
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Forex Brokers Namibia

9 Best NDD Forex Brokers in Namibia

The 9 Best NDD Forex Brokers for Namibia Traders were revealed. We tested and verified the best NDD Forex Brokers for Namibia Traders.

This is a complete list of forex brokers with NDD Forex Brokers in Namibia.

In this in-depth guide you’ll learn:

  • What is the No Dealing Desk (NDD)
  • Why traders in Namibia should sign up with an NDD broker?
  • Who is the best NDD forex brokers? 
  • How to choose a forex broker – Compare them side by side by minimum deposit, NAD-based accounts, and much more.
  • Which brokers offer a low minimum deposit of $5 (86 NAD) to Namibian Traders?
  • Which traders offer a sign-up bonus for first-time traders?

And lots more…

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

Let’s dive right in…

Updated : December 12, 2023

9 Best NDD Forex Brokers in Namibia – Comparison 

🥇 Broker🎉 Open An Account✔️ NDD Forex Broker?💵 Minimum DepositAllows Namibian Traders?
1. FP MarketsOpen AccountYes100 USD / 1861 NADYes
2. GO MarketsOpen AccountYes0 USD / 0 NADNo
3. XMOpen AccountYes5 USD / 94 NADNo
4. AlpariOpen AccountYes5 USD / 94 NADYes
5. FXTMOpen AccountYes10 USD / 188 NADNo
6. AvaTradeOpen AccountYes100 USD / 1,883 NADNo
7. HF MarketsOpen AccountYes0 USD / 0 NADNo
8. OctaOpen AccountYes25 USD / 470 NADYes
9. TickmillOpen AccountYes100 USD / 1,883 NADNo

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 an NDD Forex broker?

An NDD (No Dealing Desk) Forex broker is a type of broker that routes clients’ orders directly to the interbank market without dealing desk intervention, offering more transparent and direct access to liquidity providers and potentially lower spreads.

9 Best NDD Forex Brokers in Namibia Summary

  1. FP Markets – Overall, Best NDD Forex Broker in Namibia
  2. GO Markets – Quick And Simple Account Registration Process
  3. XM – Negative Balance Protection Applied
  4. Alpari – MT4 And MT5 Platforms Offered
  5. FXTM – Commission-Free Trading Offered
  6. AvaTrade – Trusted Onlne Trading Brokers
  7. HF Markets – Well-Regulated Broker In Namibia
  8. Octa – Fixed Spreads Offered On Retail Accounts
  9. Tickmill – Advanced Trading Tools Offered

1. FP Markets

FP Markets review

 

In 2005, FP Markets was established as one of Australia’s premier providers of financial services. The Sydney-based FP Markets has received multiple awards for its excellent customer support, comprehensive trading education, and speedy trade execution.

 

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

 

Traders in Namibia can use FP Markets’ MetaTrader 4 platform, which gives them access to nearly 10,000 trading instruments and spreads as low as 0.01%.

 

FP Markets Overview

Account FeatureValue
💻 Trading PlatformsMetaTrader 4, MetaTrader 5, Myfxbook AutoTrade, FP Markets App
💳 Minimum Deposit100 USD / 1861 NAD
🔎 Trading AccountsStandard, Raw
📊 SpreadFrom 0.0 pips
💰 CommissionsUSD $3 per side
📈 Maximum Leverage500:1
⚖️ RegulationASIC, CySEC, CMA, FSCA
🎉 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

 

2. GO Markets

Go Markets review

 

GO Markets has clients in more than 150 countries and is widely recognized as a reliable broker in the Forex and CFD markets with Namibian traders of all experience levels.

 

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

 

Trading conditions are favorable, tools are at hand, and assets can be bought and sold. Trade Forex, share CFDs, indices, metals, and commodities with GO Markets’ MT4 and MT5 trading platforms, and take advantage of top-notch analysis tools like Autochartist and Trading Central.

 

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 - NDD

 

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

 

3. XM

XM review

 

XM’s superb trading platform makes it a favorite among Namibian traders of all experience levels.

 

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

 

In addition to offering transparent pricing with no commissions and extremely fast order executions (99.35 percent in under a second), XM is widely regarded as the industry standard for modern-day Forex trading in Namibia.

 

XM Overview

💵 Minimum Deposit5 USD / 95 NAD
✔️ Deposit CurrenciesUSD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR
🔎 Trading PlatformsMT4, MT5, XM Mobile App
📊 Starting spreadFrom 0.7 pips
💰 Minimum Commission per TradeFrom $1 per share
📈 Demo AccountYes
⚖️ Non-expiring DemoYes, if it remains in use
⏰ Demo DurationUnlimited, but inactive accounts expire after 90 days
🎉 Open AccountOpen Account

 

XM - NDD

 

Pros and Cons

✔️ Pros❌ Cons
Negative balance protection is applied to retail investor accountsUS clients are restricted from accessing XM’s trading services
There are several secure payment methods to choose fromThere are no fixed spread accounts offered
The broker is known for low spreads, low commissions, and reliable trade execution speedsThere 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

 

4. Alpari

Alpari review

 

Alpari Financial Services Ltd. (Alpari) is one of the world’s leading independent Forex brokers, and it offers a wide variety of products and services to its customers.

 

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

 

Alpari offers a wide variety of account types, and the company’s support staff can communicate with you in more than 30 different languages. Demo accounts and duplicate trading are two tools that might help Namibian novice traders hone their skills.

 

Alpari Overview

Account FeatureValue
💻 Trading PlatformsMetaTrader4, MetaTrader5, Alpari Mobile App
💳 Minimum Deposit5 USD / 93 NAD
🔎 Trading AccountsForex Standard Account, Forex Micro Account, Forex ECN Account, Forex Pro Account
📊 Spread0.4 pips EUR/USD
💰 Commissionsfixed at $4
📈 Maximum Leverage1:100
⚖️ RegulationFSC, FSCA
🎉 Open AccountOpen Account

 

Alpari - NDD

 

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

 

5. FXTM

FXTM review

 

FXTM, a multiple-award-winning broker, places a premium on satisfying its customers around the clock, every day of the year.

 

There is a variety of information available to you as a beginner trader in Namibia. FXTM provides access to several trading platforms, including MetaTrader 4 and MetaTrader 5.

 

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

 

Those who prefer mobile trading will appreciate the availability of the MetaTrader 4 app for both Android and iOS smartphones.

 

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 EUR/USD
💰 Commissionsfrom $0.40 to $2 per $100K
📈 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

 

6. AvaTrade

Avatrade review

 

AvaTrade is a leading retail Foreign Exchange (Forex) and Contracts for Difference (CFD) broker. They are a multinational corporation that provides services to local traders in Namibia.

 

They have offices and jurisdictions in six different countries, making them one of the most heavily regulated online brokerages in the world.

 

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

 

AvaTrade has a monthly volume of over 2 million deals and over 200,000 users. Although they have their trading platforms, they consistently revert to the tried-and-true MT4 for beginner traders.

 

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.

 

7. HF Markets

HF Markets review

 

HF Markets is another well-established broker that exclusively supports MT4. WebTrader, in addition to numerous smartphones and tablets, is compatible with the desktop application.

 

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

 

In addition, through a partnership with Blue Labs, they offer a selection of premium trading tool extensions, thereby expanding the options available to Namibian traders.

 

HF Markets Overview

💵 Minimum Deposit0 USD / 0 NAD
✔️ Deposit CurrenciesUSD, AED, EUR, GBP, CHF, JPY, NZD, CAD, ZAR, and more.
🔎 Trading PlatformsMetaTrader 4, MetaTrader 5, HF App
📊 Starting spread0.0 pips
💰 Minimum Commission per TradeFrom $6 per round turn on Forex
📈 Demo AccountYes
⚖️ Non-expiring DemoYes
⏰ Demo DurationUnlimited
🎉 Open AccountOpen Account

 

HF Markets

 

Pros and Cons

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

 

8. Octa

Octa review

 

Octa is a fantastic place to trade due to its low spreads and excellent trading conditions, which have earned it multiple awards. They are a trusted marketplace for CFD and Forex trading in over a hundred countries and are now accessible to Namibians.

 

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

 

Octa provides Namibian traders with access to several markets and products beyond just the Forex, commodities, and contracts for difference (CFD) markets.

 

Octa Overview

Account FeatureValue
💻 Trading PlatformsMetaTrader 4, MetaTrader 5, OctaFX App, CopyTrade App
💳 Minimum Deposit25 USD / 470 NAD
🔎 Trading AccountsOcta MT4, Octa MT5, OctaTrader
📊 Spread0.6 pips
💰 CommissionsNone
📈 Maximum Leverage1:500
⚖️ RegulationCySEC, SVG FSA
🎉 Open AccountOpen Account

 

Octa

 

Pros and Cons

✔️ Pros❌ Cons
Fixed spread accounts are offered to retail tradersUS clients are restricted
The broker accepts hedging and scalping strategiesThere 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

 

9. Tickmill

Tickmill review

 

Tickmill is an NDD broker, meaning that all orders are sent directly to their liquidity providers. If you’re a trader in Namibia, you may rest assured that Tickmill is not biased against you.

 

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

 

MetaTrader 4, as well as the more modern MT5, is available to Namibian traders. Tickmill provides around-the-clock support by email, chat, and phone.

 

Tickmill Overview

💵 Minimum Deposit100 USD / 1,900 NAD
✔️ Deposit CurrenciesUSD, EUR, GBP, ZAR, IDR, CNY
🔎 Trading PlatformsMetaTrader 4, MetaTrader 5, Tickmill Mobile App
📊 Starting spreadFrom 0.0 pips
💰 Minimum Commission per Trade$1 per side, per standard lot traded
📈 Demo AccountYes
⚖️ Non-expiring DemoYes
⏰ Demo DurationUnlimited
🎉 Open AccountOpen Account

 

Tickmill

 

Pros and Cons

✔️ Pros❌ Cons
The broker offers commission-free trading across financial instrumentsThe broker does not accept clients from the United States and some other regions
There are powerful trading platforms to choose fromFixed spread accounts are not offered
The broker is well-regulated in several regions
There is a selection of popular financial instruments that can be traded
There are several advanced trading tools offered

 

How to Choose a Forex Broker in Namibia

How to Choose a Forex Broker in Namibia

 

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

 

Regulations and Licenses

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

 

Account Features

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

 

Deposits and Withdrawals

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

 

Range of Markets

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

 

Customer Support

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

 

Trading Platform

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

 

Education and Research

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

➡️ eBooks

➡️ Trading guides

➡️ Trading knowledge on leveraged products

➡️ A risk warning on complex instruments

➡️ Educational videos

 

Research can include some of the following:

➡️ Trading tools

➡️ Commentary

➡️ Status of International Markets

➡️ Price movements

➡️ Market sentiments

➡️ Whether there is a volatile market

➡️ Exchange Rates

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

The Best Forex Brokers in Namibia

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

 

Best Forex Brokers MetaTrader 4 / MT4 Forex Broker in Namibia

Overall Rating

Min Deposit

USD 0 / 0 NAD

Regulators

FCA, ASIC, FSCA, SCB

Trading Desk

MetaTrader 4, Trade Nation proprietary platform

Crypto

Yes

Total Pairs

33

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

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

 

Best Forex Brokers MetaTrader 5 / MT5 Forex Broker in Namibia

Overall Rating

Min Deposit

Depending on the payment system, typically, low

Regulators

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

Trading Desk

MetaTrader 4, MetaTrader 5, Exness App, Exness Terminal

Crypto

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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

 

Best Forex Brokers Forex Broker for beginners in Namibia

Overall Rating

Min Deposit

USD 10 / 195 NAD

Regulators

CySec, FSC, FSA, BaFin, NFA

Trading Desk

MetaTrader 4 , MetaTrader 5

Crypto

Yes

Total Pairs

50 Forex Pairs and 20 Crypto Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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

 

Best Forex Brokers Minimum Deposit Forex Broker in Namibia

Overall Rating

Min Deposit

0 USD / 0 NAD

Regulators

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

Trading Desk

MetaTrader 4, OANDA Platform, TradingView

Crypto

Yes

Total Pairs

45

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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

 

Best Forex Brokers ECN Forex Broker in Namibia

Overall Rating

Min Deposit

200 AUD / 2,500 NAD

Regulators

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

Trading Desk

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

Crypto

Yes (Not available in Africa)

Total Pairs

60+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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

 

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

Overall Rating

Min Deposit

0 USD / 0 NAD

Regulators

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

Trading Desk

MetaTrader 4, MetaTrader 5, HF App

Crypto

No

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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

 

Best Forex Brokers Forex Trading App in Namibia

Overall Rating

Min Deposit

100 AUD / 1,200 NAD

Regulators

ASIC, CySEC, CMA, FSCA

Trading Desk

MT4, MT5, IRESS, cTrader, FP Markets App

Crypto

Yes

Total Pairs

63

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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

 

Best Forex Brokers Lowest Spread Forex Broker in Namibia

Overall Rating

Min Deposit

95 NAD / 5 USD 

Regulators

IFSC, CySEC, ASIC, FSCA 

Trading Desk

FBS Trader, MetaTrader 4, MetaTrader 5

Crypto

Yes

Total Pairs

36

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

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

 

Best Forex Brokers Nasdaq 100 Forex Broker in Namibia

Overall Rating

Min Deposit

25 USD / 470 NAD

Regulators

CySEC, SVG, FSA

Trading Desk

MT4, MT5, OctaTrader

Crypto

Yes

Total Pairs

28

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, OctaFX is the best Nasdaq 100 forex broker in Namibia. OctaFX is also a trustworthy broker due to its low required minimum deposit, commission-free trading, and unlimited practice account. OctaFX’s mission is to keep trading costs as low as possible through the utilization of STP (Straight Through Processing) and ECN models.

 

Best Forex Brokers Volatility 75 / VIX 75 Forex Broker in Namibia

Overall Rating

Min Deposit

100 USD / 1,900 NAD

Regulators

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

Trading Desk

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

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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

 

Best Forex Brokers NDD Forex Broker in Namibia

Overall Rating

Min Deposit

5 USD / 95 NAD

Regulators

FSCA, IFSC, ASIC, CySEC, DFSA, FCA

Trading Desk

MT4, MT5, XM Mobile App

Total Pairs

57

Islamic Account

Yes

Trading Fees

No (Just spread) 

Account Activation

24 Hours

 

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

 

Best Forex Brokers STP Forex Broker in Namibia

Overall Rating

Min Deposit

$10 / 195 NAD

Regulators

IFSC, MFSC and FSC

Trading Desk

MetaTrader4, MetaTrader5, CopyTrade and cTrader

Crypto

No

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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

 

Best Forex Brokers sign up bonus Broker in Namibia

Overall Rating

Min Deposit

100 USD / 1,900 NAD

Regulators

Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA

Trading Desk

MT4, MT5, Tickmill Mobile

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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

Conclusion

Overall the Best NDD Forex Brokers are FP Markets, GO Markets, XM, Alpari, FXTM, AvaTrade, HF Markets, Octa and Tickmill.

 

Access to competitive pricing and increased trading security are just two of the many benefits that Namibian traders enjoy when they choose to open an account with an NDD Forex broker.

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Frequently Asked Questions

What is a No Dealing Desk in Forex?

The term “No Dealing Desk” is used to refer to a foreign exchange broker’s trading platform that gives traders direct, unrestricted access to the interbank market’s currency rates.

 

What happens if you use an unregulated NDD forex broker in Namibia?

When a broker is unregulated, there is no agency or body keeping tabs on them; in other words, they can simply disappear with your money. Because of this, you may come across listings labeling certain online brokers as fraudulent.

 

Is there a secret to trading Forex successfully?

One of the most useful tips for forex trading is to maintain a clean chart. Every signal on your chart should be working toward a specific goal, but it doesn’t imply you should avoid using technical indicators and oscillators altogether.

 

What is an MT4 NDD account?

A No Dealing Desk account, MetaTrader 4 – NDD is tailored to experienced traders. TeleTrade’s pooled interbank liquidity is available to you through this sort of account.

 

Which are the best NDD Forex brokers in Namibia?

Our comprehensive list ranks the best NDD Forex brokers in Namibia, all of which are well-regulated and which offer competitive trading conditions. 

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