Namibian Dollar Forex Trading Accounts
Scam Forex Brokers in 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 are the No Dealing Desk (NDD) brokers?
- Why traders in Namibia should sign up with an NDD broker?
- Who is the best forex broker with a Namibian Shilling trading account?
- Which NDD brokers have local offices in Namibia
- Which is the #1 Best low-bandwidth trading app for Namibians?
- 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…
- Louis Schoeman
9 Best NDD Forex Brokers in Namibia – Comparison
| 🥇 Broker | ✔️ NDD Forex Broker? | 💵 Minimum Deposit | Allows Namibian Traders? | 👉 Open Account |
| 1. FP Markets | Yes | USD 100 / 1 721 NAD | Yes | 👉 Open Account |
| 2. GO Markets | Yes | USD 200 / 3 442 NAD | No | 👉 Open Account |
| 3. XM | Yes | USD 5 / 80 NAD | No | 👉 Open Account |
| 4. Alpari | Yes | USD 5 / 80 NAD | Yes | 👉 Open Account |
| 5. FXTM | Yes | USD 100 / 1 721 NAD | No | 👉 Open Account |
| 6. AvaTrade | Yes | USD 5 / 80 NAD | No | 👉 Open Account |
| 7. HF Markets | Yes | USD 5 / 80 NAD | No | 👉 Open Account |
| 8. OctaFX | Yes | USD 5 / 80 NAD | Yes | 👉 Open Account |
| 9. Tickmill | Yes | USD 5 / 80 NAD | No | 👉 Open Account |
9 Best NDD Forex Brokers in Namibia Summary
- FP Markets – Overall, Best NDD Forex Broker in Namibia
- GO Markets – Quick And Simple Account Registration Process
- XM – Negative Balance Protection Applied
- Alpari – MT4 And MT5 Platforms Offered
- Tickmill – Advanced Trading Tools Offered
- FXTM – Commission-Free Trading Offered
- AvaTrade – Trusted Onlne Trading Brokers
- HF Markets – Well-Regulated Broker In Namibia
- OctaFX – Fixed Spreads Offered On Retail Accounts
What is an NDD Forex broker?
👉 Traders in Namibia who go through NDD Forex brokers can deal in the foreign currency market among themselves. As a result of their relationships with banks and other major market players, NDD brokers can provide FX traders with more favourable bid and ask prices.
1. FP Markets
Overall Rating
- 4.7/5
Min Deposit
100 USD / 1,883 NAD
Regulators
ASIC, CySEC
Trading Desk
MetaTrader 4, MetaTrader 5, Myfxbook AutoTrade, FP Markets App
Crypto
Total Pairs
63
Islamic Account
Trading Fees
Account Activation
Overview
👉 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.
👉 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%.
Unique Features
| Account Feature | Value |
| 💰 Minimum Deposit | $100 /1870 NAD |
| 📊 Average Spreads | Variable, from 1 pip |
| ✔️ Instruments Available | 60+ Forex pairs, metals, indices, commodities |
| 📈 Maximum Leverage Ratio | 1:500 |
| 📱 Execution Type | ECN |
| 💵 Commissions | None |
| 👥 Expert Advisors Offered? | Yes |
| 📲 Mobile App Offered? | Yes |
| ✔️ VPS Available? | Yes |
| 🎉 Trading Platform | MetaTrader 4, MetaTrader 5 |
| 👉 Open Account | 👉 Open Account |
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 broker | There are additional fees that apply to Swap-free accounts |
| There is a massive range of markets across several asset classes | There is no NAD-denominated account |
| There are powerful and user-friendly trading platforms that can be used across different devices | Withdrawal 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
Overall Rating
- 4.9/5
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
Overview
👉 GO Markets has clients in more than 150 countries and is widely recognised as a reliable broker in the Forex and CFD markets with Namibian traders of all experience levels.
👉 Trading conditions are favourable, 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.
Unique Features
| Account Feature | Value |
| 💰 Minimum Deposit | 2,200 NAD or an equivalent to AU$200 |
| 👥 Access to an Account Manager | Yes |
| 💸 Commission Charges | None |
| 📊 Average Spread | Variable, from 1 pip |
| ✔️ Markets Offered | 50+ FX Pairs, Shares, Indices, Commodities & Cryptocurrencies |
| 📈 Maximum Leverage offered | 1:500 |
| 🔧 Access to Trading Tools | Yes |
| 💵 Base Account Currencies | AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD |
| 📞 Expert Advisors | Yes |
| ✔️ Scalping Allowed? | Yes |
| 🆓 Free VPS offered? | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| GO Markets is well-regulated by Tier-1, Tier-2, and Tier-3 regulators | There are only two retail accounts available |
| GO Markets is a well-established forex and CFD broker with a good reputation | NAD 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 process | There is no NAD-denominated trading account for Namibian traders |
| There is a demo account offered | There is no Islamic account option for Muslim traders |
| There are powerful trading platforms provided for web, desktop, and mobile trading | The 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
Overall Rating
- 4.7/5
Min Deposit
USD 5 / 97 NAD
Regulators
IFSC, CySec, ASIC
Trading Desk
Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform
Crypto
No
Total Pairs
57
Islamic Account
Trading Fees
No (Just spread)
Account Activation
Overview
👉 XM’s superb trading platform makes it a favourite among Namibian traders of all experience levels.
👉 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.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSCA, IFSC |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Namibian Traders? | Yes |
| 💳 Minimum deposit (NGN) | USD 5 / 97 NAD |
| Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:888 |
| 👥 Customer Support | 24/5 |
| 🎉 Trading Platform | Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Negative balance protection is applied to retail investor accounts | US clients are restricted from accessing XM’s trading services |
| There are several secure payment methods to choose from | There are no fixed spread accounts offered |
| The broker is known for low spreads, low commissions, and reliable trade execution speeds | There is an inactivity fee applied to dormant accounts |
| Traders can use hedging, scalping, and expert advisor trading strategies | |
| The broker offers personal customer service to its clients |
4. Alpari
Overall Rating
- 4.7/5
Min Deposit
USD 0 / 0 NAD
Regulators
FSC
Trading Desk
MetaTrader 4
Crypto
Total Pairs
48
Islamic Account
Trading Fees
Account Activation
Overview
👉 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.
👉 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.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSC, FSCA |
| ⚖️ CBN Regulation? | No |
| 📊 Trading Accounts | Forex Standard Account, Forex Micro Account, Forex ECN Account, Forex Pro Account |
| 📊 Trading Platform | MetaTrader4, MetaTrader5, Alpari Mobile App |
| 💰 Minimum Deposit (NAD) | 5 USD / 93 NAD |
| 💰 Trading Assets | Forex Majors, Forex Minors, Forex Exotics, Forex RUB, Spot Metals, Spot Commodities, Stock Trading, Spot Indices |
| 🔎 Namibian Naira-based Account? | Yes |
| 💳 NGN Deposits Allowed? | Yes |
| 💰 Bonuses for Namibian traders? | Yes |
| 📈 Minimum spread | 0.4 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | No |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated and award-winning CFD broker | Fixed spreads are not offered |
| Offers forex trading signals from AutoChartist and automatic trading | Not regulated by the Financial Conduct Authority, Cyprus Securities and Exchange Commission, or any other popular market regulators |
| MetaTrader 4 and MetaTrader 5 are supported across devices | There is a limited selection of trading instruments, educational tools, and research |
| News is streamed from FxWirePro | There are restrictions on several jurisdictions |
| A dedicated customer support team offers multilingual customer support | |
| Offers unique solutions to both beginner and experienced traders | |
| There are four retail investor accounts to choose from, demo accounts, and Islamic accounts | |
| There are several convenient funding options to choose from and deposit fees are not charged |
5. Tickmill
Overall Rating
- 4.7/5
Min Deposit
100 USD / 1,862 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
Overview
👉 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.
👉 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.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSA, FCA, CySEC, Labuan FSA, FSCA |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Namibian Traders? | Yes |
| 💳 Minimum deposit (NGN) | 1851 NAD / $100 |
| Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:500 |
| 👥 Customer Support | 24/5 |
| 👉 Open an Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| The broker offers commission-free trading across financial instruments | The broker does not accept clients from the United States and some other regions |
| There are powerful trading platforms to choose from | Fixed 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 |
6. FXTM
Overall Rating
- 4.6/5
Min Deposit
10 USD / 188 NAD
Regulators
CySEC, FSCA, FCA, CMA, FSC Mauritius
Trading Desk
MetaTrader 4, MetaTrader 5, FXTM Trader
Crypto
Yes
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 FXTM, 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.
👉 Those who prefer mobile trading will appreciate the availability of the MetaTrader 4 app for both Android and iOS smartphones.
Unique Features
| Feature | Information |
| ⚖️ Regulation | CySec, FSC |
| ✅ CBN Regulation? | No |
| 📊 Trading Accounts | Micro Account, Advantage Account, Advantage Plus Account |
| 💻 Trading Platform | MetaTrader 4, MetaTrader 5, FXTM Trader |
| 💰 Minimum Deposit (NAD) | 10 USD / 186 NAD |
| 💵 Trading Assets | Precious Metals, Stock Trading, Stock CFDs, Indices, Forex Indices, Forex Currency Pairs (including minor, major, and exotic pairs), Commodities, Stock Baskets |
| 🔎 Namibian-based Account? | Yes |
| 💳 NAD Deposits Allowed? | Yes |
| 💰 Bonuses for Namibian traders? | Yes |
| 📈 Minimum spread | 0.0 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✔️ Social Trading Offered | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FXTM is a multi-regulated and a reputable broker that has gained a high level of trustworthiness | Inactivity fees apply when the retail investor account becomes dormant |
| Dedicated customer support offered for Namibian traders Several deposit options and withdrawal methods offered | |
| There is a low minimum deposit requirement | |
| Commission-free trading is offered | |
| Deposit fees are not charged on any payment methods | |
| Withdrawal processing times are quick | |
| There are several educational tools offered | |
| There is an exclusive risk management tool offered |
7. AvaTrade
Overall Rating
- 4.9/5
Min Deposit
100 USD / 1,883 NAD
Regulators
Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
Trading Desk
AvaTradeGO, AvaOptions, AvaSocial, MT4, MT5, DupliTrade, ZuluTrade
Crypto
Total Pairs
55+
Islamic Account
Trading Fees
Account Activation
Overview
👉 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.
👉 AvaTrade has a monthly volume of over 2 million deals and over 200,000 users. Although they have their own trading platforms, they consistently revert back to the tried-and-true MT4 for beginner traders.
Unique Features
| Feature | Information |
| ⚖️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC |
| ✔️ CBN Regulation? | No |
| 📊 Trading Accounts | Retail Investor Account, Professional Account Option |
| 💻 Trading Platform | AvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade |
| 💰 Minimum Deposit (NAD) | 100 NAD / 1,862 NAD |
| 💵 Trading Assets | Foreign currencies, Cryptocurrencies, Commodities, Treasuries, Bonds, Indices, Stocks, ETFs, Options, CFDs, Precious Metals |
| 🔎 Namibian-based Account? | No |
| 💳 NAD Deposits Allowed? | No |
| 💰 Bonuses for Namibian traders? | Yes |
| 📈 Minimum spread | 0.9 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✅ Social Trading Offered | Yes |
| 👉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| AvaTrade is multi-regulated and one of the most trusted online trading brokers in the world | Variable spreads are not offered |
| There is a wide range of financial instruments that can be traded across financial markets | There is a limited choice between account types |
| There are several technical indicators, economic indicators, and other solutions for advanced traders | Inactivity fees are applied |
| There are several trading platforms to choose from | Currency 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 to | There 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. |
8. HF Markets
Overall Rating
- 4.8/5
Min Deposit
0 USD / 0 NAD
Regulators
FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
Trading Desk
MetaTrader 4, MetaTrader 5, HF App
Crypto
No
Total Pairs
50+
Islamic Account
Trading Fees
Account Activation
Overview
👉 HF Markets is another well-established broker that exclusively supports MT4. WebTrader, in addition to numerous smartphones and tablets, is compatible with the desktop application.
👉 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.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 💻 CBN Regulation? | No |
| 📊 Trading Accounts | Cent Account, Premium Account, Zero Account, Pro Account |
| 📈 Trading Platform | MetaTrader 4, MetaTrader 5, HFM App |
| 💰 Minimum Deposit (NAD) | 0 USD / 0 NAD |
| 💵 Trading Assets | Forex Currency Pairs, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs |
| 🔎 Namibian Naira-based Account? | No |
| 💳 NAD Deposits Allowed? | No |
| 💰 Bonuses for Namibian traders? | Yes |
| 📈 Minimum spread | 0.0 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated in several global regions | There are no variable spread accounts |
| Offers some of the lowest spreads in the forex market on major currency pairs | There is a limited selection of funding options and withdrawal methods. |
| There are several account types to choose from | |
| HotForex accommodates all types of traders despite their trading strategies | |
| Low minimum deposit requirement | |
| Beginner traders and professional investors are both welcome | |
| Educational tools, advanced trading tools, and several other comprehensive solutions are offered | |
| There is a comprehensive market analysis offered | |
| Technical analysis and fundamental analysis offered |
9. OctaFX
Overall Rating
- 4.7/5
Min Deposit
USD 5 / 97 NAD
Regulators
CySEC, SVG, FSA
Trading Desk
MT4, MT5, OctaTrader
Crypto
Total Pairs
28
Islamic Account
Trading Fees
Account Activation
Overview
👉 OctaFX 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.
👉 OctaFX provides Namibian traders with access to a number of markets and products beyond just the Forex, commodities, and contracts for difference (CFD) markets.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSA SVG, CySEC |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Namibian Traders? | Yes |
| 💳 Minimum deposit (NGN) | USD 5 / 97 NAD |
| Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:500 |
| 👥 Customer Support | 24/5 |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Fixed spread accounts are offered to retail traders | US clients are restricted |
| The broker accepts hedging and scalping strategies | There are only a few financial markets that can be traded |
| Negative balance protection is applied to retail investor accounts | |
| The broker is well-regulated and has a decent trust score | |
| There is commission-free trading |
How to choose a Forex Broker in Namibia
👉 Namibian traders must evaluate the following components of a forex broker to decide whether the broker is suited to their unique trading objectives and/or needs.
Regulations and Licenses
👉 This is the first important component that traders must thoroughly evaluate. Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others. Namibians must beware when dealing with brokers that only have offshore regulations such as FSA, SVG BVI, FSC, and others.
Account Features
👉 Account Features include leverage trading and margin requirement, commissions and spreads, initial deposit, additional features on retail investor accounts, and so on.
Deposits and Withdrawals
👉 Namibians must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits among other trading and non-trading fees.
Range of Markets
👉 The range of markets offered refers to the number and range of tradable instruments that the broker offers. Namibians must consider what they wish to trade and what is available.
Customer Support
👉 Customer Support is another crucial factor and Namibians must check the availability of support (trading hours), the quality of support, and the promptness with which the customer support team responds to queries.
Trading Platform
👉 A trading platform is the Namibian trader’s portal to the financial markets. Traders must ensure that the trading platform has the necessary technical indicators, fundamental analysis, technical analysis, economic calendar, charting, newsfeed, and other tools they may need.
Education and Research
👉 Education and Research come in handy to both novice traders and experienced investors. Education includes some of the following:
➡️ eBooks
➡️ Trading guides
➡️ Trading knowledge on leveraged products
➡️ A risk warning on complex instruments
➡️ Educational videos
👉 Research can include some of the following:
➡️ Trading tools
➡️ Commentary
➡️ Status of International Markets
➡️ Price movements
➡️ Market sentiments
➡️ Whether there is a volatile market
➡️ Exchange Rates
➡️ Expert opinions and several other resources can help experienced traders make informed trading decisions.
The Best Forex Brokers in Namibia
👉 In this article we have listed the best Forex brokers which offer Forex Brokers to traders in Namibia. We have further identified the forex brokers that offer additional services and solutions to Namibian traders.
Best Forex Brokers MetaTrader 4 / MT4 Forex Broker in Namibia
Overall Rating
- 4.7/5
Min Deposit
USD 0 / 0 NAD
Regulators
FSCA
Trading Desk
–
Crypto
Total Pairs
33
Islamic Account
No
Trading Fees
Account Activation
👉 Overall, Trade Nation is the best MT4 forex broker in Namibia. Trade Nation also has an effective trading app. Trade Nation further has competitive costs, a secure trading environment and cutting-edge solutions.
Best Forex Brokers MetaTrader 5 / MT5 Forex Broker in Namibia
Overall Rating
- 4.9/5
Min Deposit
10 USD / 186 NAD
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
Crypto
Total Pairs
107
Islamic Account
Trading Fees
Account Activation
👉 Overall, Exness is the best MT5 forex broker in Namibia. Exness offers dynamic and adaptable account types as well as some of the industry’s most advantageous trading conditions. Exness offers over 200 financial products, several retail account types, and a wealth of resources.
Best Forex Brokers Forex Broker for beginners in Namibia
Overall Rating
- 4.7/5
Min Deposit
USD 10 / 195 NAD
Regulators
CySec, FSC, FSA, BaFin, NFA
Trading Desk
MetaTrader 4 , MetaTrader 5
Crypto
Total Pairs
50 Forex Pairs and 20 Crypto Pairs
Islamic Account
Trading Fees
Account Activation
👉 Overall, BDSwiss is the best forex broker for beginners in Namibia. BDSwiss is also a well-regulated broker that has a large international clientele. It offers a diverse range of trading instruments, including forex, commodities, stocks, indices, and many cryptocurrencies.
Best Forex Brokers Minimum Deposit Forex Broker in Namibia
👉 Overall, Oanda is the best minimum deposit forex broker in Namibia. Oanda also provides competitive trading conditions, a proprietary platform that has won awards, and high-quality trading solutions. Professionals and novices alike can use OANDA’s platform to access a wide range of indicators and charting tools.
Best Forex Brokers ECN Forex Broker in Namibia
Overall Rating
- 4.1/5
Min Deposit
0 USD / 0 NAD
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader, TradingView
Crypto
Yes (Not available in Africa)
Total Pairs
60+
Islamic Account
Trading Fees
Account Activation
👉 Overall, Pepperstone is the best ECN forex broker in Namibia. Pepperstone is capable of handling multiple order fills, allowing them to feed bigger orders into a liquidity aggregator on numerous levels. Orders placed by clients are filled on a “market execution” basis without requotes, with the possibility of positive or negative slippage, and without broker interference.
Best Forex Brokers Islamic / Swap-Free Forex Broker in Namibia
Overall Rating
- 4.8/5
Min Deposit
0 USD / 0 NAD
Regulators
FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
Trading Desk
MetaTrader 4, MetaTrader 5, HF App
Crypto
No
Total Pairs
50+
Islamic Account
Trading Fees
Account Activation
👉 Overall, HF Markets is the best Islamic/swap free forex broker in Namibia. HF Markets, formerly HotForex, is a low-risk CFD and forex broker that provides competitive trading conditions, retail investor accounts, client fund security, and customer support. HF Markets’ retail investor accounts are appropriate for both novice and expert traders.
Best Forex Brokers Forex Trading App in Namibia
Overall Rating
- 4.7/5
Min Deposit
100 USD / 1,883 NAD
Regulators
ASIC, CySEC
Trading Desk
MetaTrader 4, MetaTrader 5, Myfxbook AutoTrade, FP Markets App
Crypto
Total Pairs
63
Islamic Account
Trading Fees
Account Activation
👉 Overall, FP Markets is the best forex trading app broker in Namibia. FP Markets provides over 10,000 products in stocks, indices, forex, commodities, and cryptocurrencies, as well as an easy-to-use mobile app and a variety of account types. FP Markets provides a variety of value-added services, including VPS hosting for automated trading solutions, copy trading through the MT4 Myfxbook service, and retail account management using the MT4 MAM/PAMM module.
Best Forex Brokers Lowest Spread Forex Broker in Namibia
Overall Rating
- 4.7/5
Min Deposit
5 USD / 93 NAD
Regulators
FSCA, IFSC, ASIC, CySEC, DFSA, FCA
Trading Desk
FBS Trader, MetaTrader 4, MetaTrader 5, CopyTrade
Crypto
Total Pairs
36
Islamic Account
No
Trading Fees
Account Activation
👉 Overall, FBS is the best lowest spread forex broker in Namibia. FBS is also a top forex and CFD broker for Namibians, offering a variety of trading accounts as well as a cutting-edge proprietary trading app. FBS charges low, competitive fees, and traders can rest assured that their clients’ funds are safe.
Best Forex Brokers Nasdaq 100 Forex Broker in Namibia
Overall Rating
- 4.7/5
Min Deposit
USD 5 / 97 NAD
Regulators
CySEC, SVG, FSA
Trading Desk
MT4, MT5, OctaTrader
Crypto
Total Pairs
28
Islamic Account
Trading Fees
Account Activation
👉 Overall, OctaFX is the best Nasdaq 100 forex broker in Namibia. OctaFX is also a trustworthy broker due to its low required minimum deposit, commission-free trading, and unlimited practise account. OctaFX’s mission is to keep trading costs as low as possible through the utilisation of STP (Straight Through Processing) and ECN models.
Best Forex Brokers Volatility 75 / VIX 75 Forex Broker in Namibia
Overall Rating
- 4.9/5
Min Deposit
100 USD / 1,883 NAD
Regulators
Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
Trading Desk
AvaTradeGO, AvaOptions, AvaSocial, MT4, MT5, DupliTrade, ZuluTrade
Crypto
Total Pairs
55+
Islamic Account
Trading Fees
Account Activation
👉 Overall, AvaTrade is the best Volatility 75 / VIX 75 forex broker in Namibia. AvaTrade is a CFD and FX broker that is globally regulated by financial watchdog authorities. It provides an optimal trading environment for traders of all levels, with 24-hour multilingual support desks.
Best Forex Brokers NDD Forex Broker in Namibia
Overall Rating
- 4.7/5
Min Deposit
USD 5 / 97 NAD
Regulators
IFSC, CySec, ASIC
Trading Desk
Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform
Crypto
No
Total Pairs
57
Islamic Account
Trading Fees
No (Just spread)
Account Activation
👉 Overall, XM is the best NDD forex broker in Namibia. XM was founded in 2009 and has been in operation for more than 12 years. It operates in over 196 countries, has a service team that speaks 30 languages, and is one of the most trusted and well-regulated brokers. XM also provides strong security, superior customer service, account financing, and low fees.
Best Forex Brokers STP Forex Broker in Namibia
Overall Rating
- 4.7/5
Min Deposit
$10 / 195 NAD
Regulators
IFSC, MFSC and FSC
Trading Desk
MetaTrader4, MetaTrader5, CopyTrade and cTrader
Crypto
No
Total Pairs
62
Islamic Account
Trading Fees
Account Activation
👉 Overall, Axiory is the best STP forex broker in Namibia. Axiory trades are executed in less than 200 milliseconds, and Namibian traders are given the best trading software that is linked to Equinix data centres. Axiory’s cTrader, MetaTrader, and the FIX API can be used to trade forex and CFDs.
Best Forex Brokers sign up bonus Broker in Namibia
Overall Rating
- 4.7/5
Min Deposit
100 USD / 1,862 NAD
Regulators
Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA
Trading Desk
MT4, MT5, Tickmill Mobile
Crypto
Total Pairs
62
Islamic Account
Trading Fees
Account Activation
👉 Overall, Tickmill is the best sign up bonus broker in Namibia. Tickmill’s VIP and Pro accounts also offer very appealing commission-based pricing. Tickmill provides a wide range of CFD currency, stock, commodity, and index CFDs in addition to low spreads, massive leverage, and fast execution speeds.
Conclusion
👉 Overall, 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.
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 labelling 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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