Scam Forex Brokers in Namibia
10 Best Forex No-Deposit Bonus Brokers in Namibia
The 10 Best No Deposit Forex Bonus Brokers in Namibia revealed. We tested and verified the best no-deposit forex brokers for Namibia Traders.
This is a complete list of forex brokers with a no-deposit bonus in Namibia.
In this in-depth guide you’ll learn:
- What is a No Deposit Bonus Broker?
- Which brokers offer the best no-deposit bonus to Namibia Trader?
- Withdrawable no deposit bonus – explained.
- How to compare forex trading brokers against each other to find the best no-deposit bonus?
- Which Forex Brokers offer a no deposit bonus that has local offices in Lagos?
- Which broker is best for beginner Namibia traders?
- Which brokers offer a signup bonus on a $5 (93 NAD) deposit?
- Which broker offers a sign-up bonus for first-time traders?
And lots more…
So if you’re ready to go “all in” with the best-tested No Deposit Bonus Forex Brokers for Namibia…
Let’s dive right in…
- Louis Schoeman
10 Best Forex No-Deposit Brokers in Namibia
| 🥇 Broker | 👉 Open Account | ✔️ No-Deposit Broker? | 💰 Minimum Deposit? | 💸 Namibian Dollar (NAD) Deposits Allowed? |
| 1. JustMarkets | 👉 Open Account | Yes | $1/18 NAD | Yes |
| 2. HFM | 👉 Open Account | Yes | $0/0 NAD | Yes |
| 3. FXGiants | 👉 Open Account | Yes | $100/1870 NAD | No |
| 4. Windsor Brokers | 👉 Open Account | Yes | $50/935 NAD | No |
| 5. FreshForex | 👉 Open Account | Yes | $100/1870 NAD | No |
| 6. XM | 👉 Open Account | Yes | $5/93 NAD | No |
| 7. Tickmill | 👉 Open Account | Yes | $100/1870 NAD | No |
| 8. FBS | 👉 Open Account | Yes | $1/18 NAD | Yes |
| 9. InstaForex | 👉 Open Account | Yes | $1/18 NAD | No |
| 10. SuperForex | 👉 Open Account | Yes | $1/18 NAD | No |
10 Best Forex Brokers in Namibia
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What are Forex Bonuses?
A forex bonus is an extra sum of money or other advantages offered by a broker or other trading platform to traders as an incentive or reward for doing certain activities, such as making a deposit, trading a particular volume, or recommending new customers to the platform.
10 Best Forex No-Deposit Brokers in Namibia (2024)
JustMarkets – Overall, Best Forex No-Deposit Broker in Namibia- HFM – Offers Online Trading Services for Financial Products
- FXGiants – Innovative Mobile Trading App
- Windsor Brokers – All Funds Funds Are Kept in Segregated Accounts
- FreshForex – Offers Trade Execution Speeds
- XM – Expert Personal Customer Service for Clients
- Tickmill – Well-Regulated in Several Regions
- FBS – Many Social Trading Opportunities
- InstaForex – Offers Commission-Free Trading
- SuperForex – Provides User-Friendly Trading Software
JustMarkets
Just Global Markets, a Seychelles-based brokerage firm launched in 2012, is the parent company of JustMarkets, also founded in 2012. JustMarkets offers seven trading accounts, each with features and terms customized to a certain trading style. In addition, JustMarkets provides Namibian traders with a special benefit in the form of a Welcome Account containing 30 USD.
All traders must give a valid mobile number to qualify for this account. Within thirty days, traders can utilize this credit to trade at least five standard lots (100,000 units of the base currency).
Overall Rating
- 4.4/5
Min Deposit
10 USD / 186 NAD
Regulators
FSA, CySec, FSCA, FSC
Trading Desk
MetaTrader 4, MetaTrader 5, JustMarkets App
Crypto
Yes
Total Pairs
240+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Traders must also gain or lose 6 pip (points in the international currency exchange rate) (60 points or 60 USD). An internal transfer can be used to move profits from the JustMarkets Welcome Account to a Standard Cent, Standard, Pro, or Raw Spread Account. Traders can then withdraw profits to their bank accounts.
JustMarkets Overview
| 🔎 Broker | JustMarkets |
| 📝 Regulation | FSA, CySec, FSCA, FSC |
| 💻 Trading Desk | Metatrader 4 |
| 🎉 No Deposit Bonus | $30/561 NAD |
| ➖ Min. Deposit from | $1/18 NAD |
| 🔁 Spreads from | 0.3 pips |
| ➕ Max Leverage | 1:3000 |
| 💳 Commission | None |
| 🛑 Inactivity Fee | None |
| 🚀 Open an Account | 👉 Open Account |
| ✔️ Pros | ❌ Cons |
| JustMarkets offers a wide range of deposit and withdrawal options that can be used | There is no NAD-denominated trading account offered to Namibian traders |
| There is a wide selection of trading accounts to choose from, providing Namibian traders with versatility | There is an inactivity fee that is charged by JustMarkets on all dormant account |
| There is support offered for copy trading along with several social trading opportunities | Deposit fees are charged when Namibians use crypto payments |
| There is a well-rounded affiliate program offered | JustMarkets does not have any Tier-1 or Tier-2 regulations, giving it an exceptionally low trust score |
| There are competitive trading conditions provided by JustMarkets |
HF Markets
HF Markets, also known as HotForex, is a globally recognized online forex and commodities broker. With over a decade of experience, HF Markets offers a wide range of trading services and products to clients worldwide.
The broker is known for its diverse account types, user-friendly trading platforms, and competitive trading conditions.
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
HF Markets provides access to a multitude of financial instruments, including forex pairs, commodities, indices, and cryptocurrencies. Committed to safety and regulation, HF Markets places a strong emphasis on the security of client funds and maintains a customer-centric approach, offering comprehensive customer support and educational resources for traders of all levels.
HF Markets Overview
| 🔎 Broker | HF Markets |
| 📝 Regulation | FSA, CySec, FSCA, FSC |
| 💻 Trading Desk | MetaTrader 4, MetaTrader 5, Webtrader, Mobile Trading and HFM Platform |
| 🎉 No Deposit Bonus | $30/561 NAD |
| ➖ Min. Deposit from | $0/0 NAD |
| 🔁 Spreads from | 1.2 pip |
| ➕ Max Leverage | 1:2000 |
| 💳 Commission | None |
| 🛑 Inactivity Fee | None |
| 🚀 Open an Account | 👉 Open Account |
| ✔️ Pros | ❌ Cons |
| HFM is one of few brokers with several regulations and registrations around the world | There are no fixed spread accounts offered by HFM |
| There is negative balance protection applied to retail accounts | The broker has a limited range of base account currencies and deposit currencies |
| HFM offers investor protection to eligible clients | There is no NAD-denominated account and Namibians may face currency conversion fees when they deposit or withdraw funds |
| There are commission-free options provided with tight, competitive spreads | There is an inactivity fee charged and Namibian traders can expect currency conversion fees |
| There are several premium trader tools offered to advanced Namibian traders | |
| There is a choice between different accounts, each catering to distinct types of traders | |
| There are demo accounts and Muslim traders can convert their live accounts to an Islamic option | |
| There is a choice between MetaTrader 4 and 5 alongside the proprietary HF App |
FXGiants
Notesco UK Limited, doing business as FXGiants, is a London-based firm approved and regulated by the Financial Conduct Authority (FCA). Trading as Notesco Pty Ltd, an Australian Securities, and Investments Commission-approved business (ASIC).
FXGiants is a fictional corporation known as Notesco SVG Limited. Traders are required to use the office in their nation of registration. FXGiants BM provides services to traders from over 150 countries.
Overall Rating
- 4.2/5
Min Deposit
USD 100 / 1906 NAD
Regulators
FCA, ASIC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
70
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Traders can access the Hub, FXGiants’ client portal, after registering and participating in financial market transactions using the platform’s single interface after logging in.
FXGiants provides the following two no-deposit bonuses:
➡️ The Email Verification bonus grants traders 10 USD in bonus credit.
➡️ The phone Verification credit bonus is worth 15 USD.
FXGiants Overview
| 🔎 Broker | FXGiants |
| 📝 Regulation | Financial Conduct Authority (FCA) |
| 💻 Trading Desk | MetaTrader 4, PMAM, MT4 VPS |
| 🎉 No Deposit Bonus | $10/187 NAD |
| ➖ Min. Deposit from | $100/1870 NAD |
| 🔁 Spreads from | 1.0pips |
| ➕ Max Leverage | 1:1000 |
| 💳 Commission | None |
| 🛑 Inactivity Fee | $50/935 NAD |
| 🚀 Open an Account | 👉 Open Account |
| ✔️ Pros | ❌ Cons |
| FXGiants offers flexible trading accounts | There is a lack of peripheral content |
| There is an innovative mobile trading app offered | The no-deposit bonus is available for a limited time |
| FXGiants requires full KYC when traders register an account |
Windsor Brokers
Since 1988, Windsor Brokers has been a significant participant in the CFDs and forex trading sectors. As a result, traders who use this online platform can be certain that they will get first-rate brokerage help while doing foreign exchange transactions.
While the company has been operating in the financial markets since 1988, its current FX business model was not implemented until 2005. As a result, Windsor Brokers is among the top solutions for people seeking a dependable FX and CFD trading platform that also services institutional clients.
Overall Rating
- 4.6/5
Min Deposit
$50/935 NAD
Regulators
FSC, CYSEC, JSC, FSA, CMA
Trading Desk
MetaTrader 4, Mobile App
Crypto
Yes
Total Pairs
15
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
The tried-and-true business strategy of Windsor Brokers, which pays specific emphasis on the Middle East, is effective. Windsor Brokers provides all newly enrolled Namibian traders with a free 30 USD trading account to help them get started.
Interested traders must register for a Prime Account and choose USD, EUR, GBP, or JPY as the base currency.
Windsor Brokers Overview
| 🔎 Broker | Windsor Brokers |
| 📝 Regulation | FSC, CYSEC, JSC, FSA, CMA |
| 💻 Trading Desk | MetaTrader 4, Mobile App |
| 🎉 No Deposit Bonus | $30/561 NAD |
| ➖ Min. Deposit from | $50/935 NAD |
| 🔁 Spreads from | 0 pips |
| ➕ Max Leverage | 1:1000 |
| 💳 Commission | None |
| 🛑 Inactivity Fee | None |
| 🚀 Open an Account | 👉 Open Account |
| ✔️ Pros | ❌ Cons |
| All account funds are kept in segregated accounts | There are stringent no-deposit terms |
| Windsor Brokers is well-regulated | Traders are limited to the base currencies they can use to register a Prime Account for the no-deposit bonus |
| Negative balance protection is offered to retail traders |
FreshForex
2004-founded offshore brokerage in Saint Vincent and the Grenadines and managed by Riston Capital Ltd. Foreign exchange (Forex) and contracts for difference (CFD) trading are available via FreshForex’s multiple account options, the MT4 trading platform.
FreshForex’s research covers bonuses, demo accounts, leverage, and deposits. For example, FreshForex gives each new client a $2,021 no-deposit bonus that could be used for fully-fledged Forex trading.
Furthermore, free bonus funds are credited instantly upon account registration without necessary verification of personal information.
Overall Rating
- 4.7/5
Min Deposit
$100/1870 NAD
Regulators
Russian national financial regulator CRFIN.
Trading Desk
MetaTrader 4, MetaTrader 5, Webtrader
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
FreshForex’s unique incentive involves no personal investment and generates cashable returns. In addition, Namibians can withdraw their FreshForex No-Deposit Bonus by following these steps:
➡️ Save the gained profit by depositing an amount equal to or more than the earned profit into the trading account within seven days of obtaining the bonus.
➡️ Complete one lot of trading for every $5 saved within thirty days.
➡️ Once the trading volume is fulfilled, Namibians can contact FreshForex’s customer support using the Client Area feedback form.
➡️ Traders can then withdraw or invest the income earned with the bonus.
FreshForex Overview
| 🔎 Broker | FreshForex |
| 📝 Regulation | Russian national financial regulator CRFIN. |
| 💻 Trading Desk | MetaTrader 4, MetaTrader 5, Webtrader |
| 🎉 No Deposit Bonus | $2021/37792 NAD |
| ➖ Min. Deposit from | $100/1870 NAD |
| 🔁 Spreads from | 0 pips |
| ➕ Max Leverage | 1:2000 |
| 💳 Commission | None |
| 🛑 Inactivity Fee | None |
| 🚀 Open an Account | 👉 Open Account |
| ✔️ Pros | ❌ Cons |
| FreshForex offers an attractive no-deposit bonus | There is a lack of oversight from market regulators |
| Withdrawals can be completed quickly | |
| FreshForex has fast trade execution speeds | |
| The terms and conditions associated with the no-deposit bonus are not strict |
XM
XM is one of the leading Forex brokers on the market, giving clients a variety of trading possibilities, favorable trading conditions, and negative balance protection. In addition, the $30 Trading Bonus enables traders to assess the quality of our execution in a risk-free, real-world trading environment.
When you claim your bonus, the funds will be automatically deposited into your trading account. Profits may be withdrawn at any time. However, the trading incentive will be reduced proportionally if funds are withdrawn.
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
This incentive is accessible to all traders creating their first XM Real Account. In some places, other promotions may dominate. The bonus must be claimed within 30 days after account creation, after which it will be forfeited.
XM Overview
| 🔎 Broker | XM |
| 📝 Regulation | IFSC, CySec, ASIC |
| 💻 Trading Desk | Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform |
| 🎉 No Deposit Bonus | $30/561 NAD |
| ➖ Min. Deposit from | $100/1870 NAD |
| 🔁 Spreads from | 0 pips |
| ➕ Max Leverage | 1000:1 |
| 💳 Commission | None |
| 🛑 Inactivity Fee | $15/280 NAD |
| 🚀 Open an Account | 👉 Open Account |
| ✔️ 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 |
Tickmill
Tickmill is a trustworthy STP and ECN broker with an excellent trading interface. In addition, Tickmill’s support for MT5 allows experienced traders access to an even broader selection of assets, in addition to the multiple currency pairs currently available.
When a new trader registers for a Live account, $30 is transferred into their account immediately. This trading account replicates the benefits of the Pro account, including decreased spreads and costs, access to a large choice of assets, etc.
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
Furthermore, the following terms and conditions apply to Namibian traders when they opt for the Tickmill no-deposit bonus:
➡️ The Tickmill Ltd Welcome Account is only available to new clients in a non-restricted country and interested in opening a live trading account (FSA SC Regulated).
➡️ Expert Advisors (EAs) are not authorized on Welcome Accounts.
➡️ Existing customers are unable to register Welcome Accounts.
➡️ Each Client is limited to just one Welcome Account.
➡️ The Welcome Account has the same trading criteria as the real-money Pro account.
➡️ A customer can increase or decrease the leverage level of their Welcome Account.
➡️ Trading is authorized for 60 days after the Welcome Account is set up. When the 60-day period expires, trading activities will be halted. However, the Welcome Account will stay operational for another 14 days, allowing you to withdraw any gains.
➡️ The Welcome Account is only denominated in USD.
➡️ Tickmill detects a match between a user’s IP address or other identifiers and those of their Welcome Accounts, whether partial or full. In such a scenario, Tickmill reserves the right to deny a bonus request or suspend the Welcome Account.
➡️ The first deposit to the Welcome Account is always non-transferable and inaccessible.
➡️ Namibian traders could withdraw between $30 and $100 from their Welcome Account to their Tickmill Ltd. wallet.
➡️ Traders can only submit one withdrawal request to transfer monies from their Welcome Account to their Wallet.
Tickmill Overview
| 🔎 Broker | Tickmill |
| 📝 Regulation | CySEC, FCA, FSA, FSCA, Labuan FSA |
| 💻 Trading Desk | Meta Trader 4, Meta Trader 5, Webtrader, Mobile App. |
| 🎉 No Deposit Bonus | $30/561 NAD |
| ➖ Min. Deposit from | $100/1870 NAD |
| 🔁 Spreads from | 0 pips |
| ➕ Max Leverage | 1:500 |
| 💳 Commission | 2 per side per 100,000 traded |
| 🛑 Inactivity Fee | None |
| 🚀 Open an Account | 👉 Open Account |
| ✔️ 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 |
FBS
FBS offers three different sorts of no-deposit promos. First, FBS makes it easy for inexperienced traders to gain experience without risking their funds by offering a Level Up Bonus Account with $70.
Additionally, if you comply with FBS’ rules, you could be eligible to get a free $140 bonus without making a deposit initially. Moreover, Namibians could qualify for a $100 Quick-Start bonus when they open an account with FBS Trader.
The Quick Start Bonus is a seven-step program that teaches traders about the dangers of trading and assists them in beginning forex trading.
Overall Rating
- 4.7/5
Min Deposit
95 NAD / 5 USD
Regulators
IFSC, CySEC, ASIC, FSCA
Trading Desk
FBS Trader, MetaTrader 4, MetaTrader 5
Crypto
Total Pairs
36
Islamic Account
No
Trading Fees
Account Activation
By providing traders with trading credit, FBS enables users to assess their trading software and real-world market circumstances without taking any unnecessary financial risks.
A further advantage is that the FBS no-deposit bonus is redeemable if specific requirements are satisfied. However, until these conditions are satisfied, the bonus may only be utilized as trade credit for trading operations.
FBS Overview
| 🔎 Broker | FBS |
| 📝 Regulation | IFSC, FSCA, ASIC, CySEC |
| 💻 Trading Desk | MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform. |
| 🎉 No Deposit Bonus | 100% Deposit bonus |
| ➖ Min. Deposit from | $1/18 NAD |
| 🔁 Spreads from | from 0.7 pips |
| ➕ Max Leverage | up to 1:3000 |
| 💳 Commission | None |
| 🛑 Inactivity Fee | None |
| 🚀 Open an Account | 👉 Open Account |
| ✔️ Pros | ❌ Cons |
| FBS offers competitive trading conditions with some of the lowest spreads | There are wide spreads charges on some accounts |
| There are several account types to choose from | There is a limited number of tradable instruments |
| There are many social trading opportunities | There are several regional restrictions applied |
| There is an ultra-low minimum deposit requirement | |
| The broker is well-regulated and trusted |
InstaForex
InstaForex provides a solution from the world’s finest developers, enabling Namibians to trade with the best counteragents with direct market access. InstaForex is a foreign currency trading platform situated in Limassol, Cyprus. In 2007, the company opened its doors for the first time.
However, over 7 million traders utilize InstaForex, making it a global platform. The objective of InstaForex is to serve traders with integrity and courtesy while providing various services.
In addition to superb technical solutions and some of the greatest market trading circumstances, this broker offers a comprehensive selection of instructional and support resources. InstaForex’s No-Deposit Bonus is a fantastic way to test the waters in the foreign exchange market with minor risk.
This is your entrance point to the world’s largest and most liquid market, which has become many traders’ principal source of dependable revenue.
With a $1,000 reward, you can evaluate InstaForex’s unequaled order execution quality in real-world trading conditions with no risk or cost to yourself. The bonus is paid quickly upon request and is instantly tradeable.
Overall Rating
- 4.8/5
Min Deposit
$1/18 NAD
Regulators
CySEC, FSC
Trading Desk
Metatrader 4, Metatrader 5, Multiterminal, WebTrader
Crypto
Yes
Total Pairs
4
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
All Namibians need to read the following bonus stipulations:
➡️ The InstaForex Startup Bonus necessitates no initial trading investment. In addition, this deal is open to all new clients that register with the company.
➡️ The Client must supply identity details while opening the account that would get the InstaForex Welcome Bonus.
➡️ Any changes made to the Full Name field after the Bonus has been issued will be void.
➡️ You cannot withdraw bonus funds. However, profits from trading bonus funds are withdrawable, subject to the terms of InstaForex’s bonus agreement.
➡️ This InstaForex Welcome Bonus is intended for clients new to forex trading. The Bonus is instantly canceled when Namibians put monies into their account.
➡️ Assume the client fails to deposit into the account credited with the InstaForex Welcome Bonus within seven days of receiving the Bonus. In such a scenario, the Client agrees to convert the account into a demo account.
➡️ Following the conclusion of the first trading term, the InstaForex Startup Bonus and any gains generated while trading with Bonus funds are managed as virtual funds.
➡️ If the Client reloads a previously loaded account with an InstaForex Startup Bonus, the bonus amount will rise to 100% of the original deposit.
➡️ As an extra incentive, if the customer achieves a profit of 10% trading their InstaForex Startup Bonus and makes their first deposit within seven days of getting the Bonus, then they will receive a 110% bonus on their first investment. This will be awarded to them if they make their first deposit within seven days of obtaining the Bonus.
InstaForex Overview
| 🔎 Broker | InstaForex |
| 📝 Regulation | CySEC, FSC |
| 💻 Trading Desk | Metatrader 4, Metatrader 5, Multiterminal, WebTrader |
| 🎉 No Deposit Bonus | $1000/18700 NAD |
| ➖ Min. Deposit from | $1/18 NAD |
| 🔁 Spreads from | from 0 pips |
| ➕ Max Leverage | 1:1-1:1000 |
| 💳 Commission | 0.03% – 0.07% |
| 🛑 Inactivity Fee | $5/101 NAD |
| 🚀 Open an Account | 👉 Open Account |
| ✔️ Pros | ❌ Cons | |||
| The broker offers commission-free trading | There are restrictions on leverage for European Union clients | |||
| MetaTrader 4 and 5 are both offered, available across devices | US clients are not accepted | |||
| The broker is well-regulated and offers competitive trading conditions | ||||
| There is a choice between retail investor accounts, each suited to different types of traders | ||||
| There is a wide range of tradable assets offered |
SuperForex
SuperForex was formed in 2013 to provide public access to currency exchange. Despite having its headquarters in Belize (Central America), the broker’s activities extend to more than 150 nations.
SuperForex allows Namibian citizens to participate in foreign currency trading with no initial investment. The No Deposit Bonus is worth $88 and is accessible to all customers with a fully verified live trading account.
Overall Rating
- 4.5/5
Min Deposit
1 USD / 18 NAD
Regulators
IFSC
Trading Desk
Metatrader 4, Mobile App
Crypto
Yes
Total Pairs
300
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
There is no deposit required to collect the bonus. Furthermore, to register a real account and validate it in its entirety, Namibians can click the “Get the No Deposit Bonus” option at the bottom of the SuperForex website to collect the No Deposit bonus.
Furthermore, profits earned by trading with the No Deposit Bonus are withdrawable. According to the calculation, the amount available for withdrawal is decided by the trading volume.
This means that one traded lot is equal to 1 USD. For instance, to withdraw $50, a trader must have executed at least 50 lots.
SuperForex Overview
| 🔎 Broker | SuperForex |
| 📝 Regulation | IFSC |
| 💻 Trading Desk | Metatrader 4, Mobile App |
| 🎉 No Deposit Bonus | $88/1645 NAD |
| ➖ Min. Deposit from | $1/18 NAD |
| 🔁 Spreads from | 0.5pips |
| ➕ Max Leverage | 1:1000 |
| 💳 Commission | 1% – 5% plus additional fees |
| 🛑 Inactivity Fee | None |
| 🚀 Open an Account | 👉 Open Account |
| ✔️ Pros | ❌ Cons |
| SuperForex offers user-friendly trading software | US clients are restricted from registering with SuperForex |
| There is a low minimum deposit requirement | |
| Traders have access to wide range of training resources | |
| SuperForex offers a range of useful trading tools | |
| There are social trading opportunities provided |
How to Choose the Right No-Deposit Bonus in Namibia
When considering whether a broker giving a no-deposit bonus is suitable for the specific trading aims and goals of Namibian traders, it is important to consider several factors.
Choosing a Forex no-deposit bonus is mostly a matter of taste. While there is no one set of rules for picking the best Forex no-deposit bonus, traders should keep a few things in mind.
Consult unbiased Broker Reviews
Namibian traders should be wary of Forex brokers offering risk-free trades by reviewing broker reviews.
If the withdrawal choices do not suit the tastes of traders and if the trading platform is not suitable for them, the terms and conditions could be unfavorable.
Have a look at the Forex No-Deposit Bonus Terms and Conditions
There are several benefits to taking advantage of a broker’s no-deposit offer. However, Namibians should study the fine print of these incentives very carefully.
Limits on the volume of traders that may be made before a trader can cash out their profits may be in place. Usually, a 30-day deadline applies for this to be completed.
Traders can find themselves under considerable stress and with limited access to trading credit if such limits and constraints are imposed.
Think about obtaining a second opinion
Several brokers offer a small Forex no-deposit bonus. However, traders must obtain second opinions from professionals and traders who have previously dealt with a specific broker to gain further insight.
The Best Forex Brokers in Namibia
In this article, we have listed the best brokers that offer forex and CFD trading to Namibian traders. In addition, we have further identified the brokers that offer additional services and solutions to Namibian traders.
Best MetaTrader 4 / MT4 Forex Broker in Namibia
Overall Rating
- 4.9/5
Min Deposit
100 USD / 1,900 NAD
Regulators
Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
Trading Desk
AvaTrade WebTrader, AvaTradeGO, AvaOptions, AvaSocial, MT4, MT5, DupliTrade, ZuluTrade
Crypto
Total Pairs
55+
Islamic Account
Trading Fees
Account Activation
Overall, AvaTrade is the best MT4 Forex Broker in Namibia. On the MetaTrader 4 platform provided by AvaTrade, traders have access to over 1,260 unique financial instruments. This gives traders access to a vast array of marketplaces.
AvaTrade has been in business for the last 16 years and has amassed a powerful reputation and several accolades.
Best MetaTrader 5 / MT5 Forex Broker in Namibia
Overall Rating
- 4.9/5
Min Deposit
Depending on the payment system, typically, low
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4, MetaTrader 5, Exness App, Exness Terminal
Crypto
Total Pairs
107
Islamic Account
Trading Fees
Account Activation
Overall, Exness is the best MetaTrader 5 forex broker in Namibia. Traders can open an account with Exness and utilize MetaTrader 5 for trading. In addition, Namibians have access to MT5’s different tools and services, such as technical indicators and customizable charts.
Exness provides EUR/USD spreads beginning at 0.0 pips. Exness also offers instructional courses, manuals, and real-time news in its academy.
Best Forex Broker for beginners in Namibia
Overall Rating
- 4.7/5
Min Deposit
5 USD / 95 NAD
Regulators
FSCA, IFSC, ASIC, CySEC, DFSA, FCA
Trading Desk
MT4, MT5, XM Mobile App
Total Pairs
57
Islamic Account
Trading Fees
No (Just spread)
Account Activation
Overall, XM is the best forex broker for beginners in Namibia. In addition, XM provides Namibians with an interactive example account and teaching materials.
Before creating a real capital account, Namibians can test the waters of the trading market by using the demo account to test their strategies and practice trading in live markets without risking capital.
Best Low Minimum Deposit 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, HFM is the best Low Minimum Deposit Forex Broker in Namibia. On HFM, Namibians have access to more than a thousand trading products encompassing a broad range of asset classes.
To start an account with HFM, a minimum deposit of 86 NAD, or about $5, is required. Once Namibians have confirmed their identity, they may deposit money and begin trading.
Best ECN Forex Broker in Namibia
Overall Rating
- 4.7/5
Min Deposit
25 USD / 470 NAD
Regulators
CySEC, SVG, FSA
Trading Desk
MT4, MT5, OctaTrader
Crypto
Total Pairs
28
Islamic Account
Trading Fees
Account Activation
Overall, OctaFX is the best ECN forex broker in Namibia. OctaFX assures 97.5% of all orders will be completed without slippage using ECN technology.
OctaFX’s transaction execution speeds are among the industry’s quickest, and the business provides many trading platforms and fair leverage ratios (up to 1:500).
Best Islamic / Swap-Free Forex Broker in Namibia
Overall Rating
- 4.5/5
Min Deposit
1 USD / 18 NAD
Regulators
IFSC
Trading Desk
Metatrader 4, Mobile App
Crypto
Yes
Total Pairs
300
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, SuperForex is the best Islamic / Swap-Free forex broker in Namibia. SuperForex has been providing first-rate services for trading and investing in the financial markets to customers in more than 150 countries for quite some time.
Muslim traders can open Swap-Free Accounts with SuperForex, which provides exclusive and halal trading conditions, for as little as 1 USD / 17 NAD.
Best Forex Trading App in Namibia
Overall Rating
- 4.7/5
Min Deposit
95 NAD / 5 USD
Regulators
IFSC, CySEC, ASIC, FSCA
Trading Desk
FBS Trader, MetaTrader 4, MetaTrader 5
Crypto
Total Pairs
36
Islamic Account
No
Trading Fees
Account Activation
Overall, FBS is the best forex trading app in Namibia. In addition, FBS provides over seventy-five tradable products through its trading application.
FBS services more than 150 countries and claims that hundreds of accounts are established daily on its website. FBS provides Namibians with two options to receive a no-deposit bonus, allowing them to save money before trading on live markets where funds are at risk.
Best Lowest Spread Forex Broker in Namibia
Overall Rating
- 4.8/5
Min Deposit
$1/18 NAD
Regulators
CySEC, FSC
Trading Desk
Metatrader 4, Metatrader 5, Multiterminal, WebTrader
Crypto
Yes
Total Pairs
4
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, InstaForex is the best lowest-spread forex broker in Namibia. InstaForex has one of the biggest client bases, with over 7 million traders enrolled. In addition, Namibians can take advantage of InstaForex’s $1,000 no-deposit offer and diverse trading alternatives.
InstaForex charges incredibly low spreads and provides two accounts without commissions. In addition, micro-lot trading is permitted, which is a significant advantage for Namibian traders who are just beginning to trade or need to evaluate their trading techniques.
Best Nasdaq 100 Forex Broker in Namibia
Overall Rating
- 4.7/5
Min Deposit
USD 0 / 0 NAD
Regulators
FCA, ASIC, FSCA, SCB
Trading Desk
MetaTrader 4, Trade Nation proprietary platform
Crypto
Total Pairs
33
Islamic Account
No
Trading Fees
Account Activation
Overall, Trade Nation is the best Nasdaq 100 forex broker in Namibia. Trade Nation is a reputable broker and trading platform that provides Nasdaq under US Tech. Trade Nation enables Namibians to trade various CFDs and Forex with spreads as low as 0.8 pips on Nasdaq.
Best Volatility 75 / VIX 75 Forex Broker in Namibia
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
Overall, IG is Namibia’s best Volatility 75 / VIX 75 forex broker. This is because IG offers Namibians a selection of reliable trading platforms. In addition, Namibians have access to various trading accounts, from which they may pick depending on the criteria and goals of their transaction.
Best NDD Forex Broker in Namibia
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
Overall, FXTM is the best NDD Forex Broker in Namibia. FXTM is the best NDD broker due to its exceptional trade execution speeds and low variable spreads from 0.0 pips. Furthermore, Namibian customers get free access to instructional seminars and practice trading accounts.
Best 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. Due to the broker’s connection to the Equinix datacentres, Axiory can fill order processing in less than 200 milliseconds. Furthermore, a small number of Axiory’s markets are tradeable due to the platform’s use of dynamic trading accounts.
Conclusion
Among the featured brokers, JustMarkets stands out as an accessible option for traders. With the ability to open an account with a low minimum deposit of $1/18 Namibian Dollars.
Notably, it allows deposits in Namibian Dollars, making it convenient for traders from Namibia. Similarly, HF Markets also provides a no-deposit option, allowing traders to open an account without an initial investment.
FXGiants, on the other hand, requires a minimum deposit of $100/1870 NAD, and while it offers a range of account-opening features, Namibian Dollar deposits are not supported.
Windsor Brokers and FreshForex both require higher minimum deposits of $500 and $100 and do not accommodate Namibian Dollar deposits.
XM, Tickmill, InstaForex, and SuperForex offer account opening without a deposit, though they do not facilitate Namibian Dollar deposits. FBS and InstaForex are notable for supporting Namibian Dollar deposits while requiring a modest minimum deposit of $1/18 NAD.
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Frequently Asked Questions
What is a forex no-deposit bonus for Namibians?
A no-deposit forex bonus is a forex incentive awarded to traders without needing a trading account deposit. These incentives are often provided to entice new traders to a broker’s trading platform.
How can Namibians get a forex no-deposit bonus?
To get a no-deposit forex bonus, you must establish a new trading account with a broker that provides this promotion.
Some brokers can ask you to fill out a registration form or fulfil specific eligibility requirements, such as being a novice trader or possessing a particular amount of trading experience.
What are the typical terms that Namibians can expect with a no-deposit bonus?
Every forex broker has its own set of guidelines for its no-deposit bonuses. For example, there could be restrictions on the currency pairings that can be traded with the bonus money, the amount of time the bonus can be utilized, and the minimum trading volume required.
Therefore, it is crucial to properly read and comprehend the terms and conditions before receiving a no-deposit forex bonus.
Are no-deposit bonuses risky?
No-deposit forex bonuses might be dangerous since their terms and conditions can be hard to satisfy. In addition, forex trading has inherent risks, including the potential for monetary loss.
Before taking a no-deposit forex bonus, examining the possible risks and benefits is essential, and always trade safely.
Will Namibians be able to withdraw profits that they make on a forex no-deposit bonus?
It depends on the no-deposit forex bonus’s terms and conditions. For example, before taking your winnings from a no-deposit bonus, some brokers might need you to make a deposit or fulfil specific trading volume restrictions.
It is essential to properly read and comprehend the bonus’s terms and conditions to determine your withdrawal alternatives.
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