Scam Forex Brokers in Namibia
9 Best PAMM Account Forex Brokers in Namibia
The 9 Best PAMM Account Forex Brokers in Nambia revealed. We tested and verified the best PAMM Account forex brokers for Nambian Traders.
This is a complete list of forex brokers that offer a PAMM Account in Nambia.
In this in-depth guide you’ll learn:
- What is Percent Allocation Money Management (PAMM)?
- Who are the best PAMM account forex brokers for Nambians?
- Who are our recommended 9 PAMM Account forex brokers for Beginner Traders?
- Which PAMM Account forex brokers are the most profitable?
- Which PAMM Account forex brokers offer the best account management?
- Do PAMM Accounts have regulations?
- How safe are PAMM Accounts?
- Which brokers offer a signup bonus for first-time traders?
- Which PAMM Account brokers have a minimum deposit of $5 (86 NAD) for first-time traders?
And lots more…
So if you’re ready to go “all in” with the best-tested PAMM Accounts forex brokers for Nambians…
Let’s dive right in…
- Louis Schoeman
9 Best PAMM Account Forex Brokers in Namibia – Comparison
| 🥇 Broker | 🎉 Open An Account | ✔️ PAMM Account Forex Broker? | 💵 Minimum Deposit | Allows Namibian Traders? |
| 1. FXTM | Open Account | Yes | 10 USD / 188 NAD | Yes |
| 2. Alpari | Open Account | Yes | 5 USD / 94 NAD | No |
| 3. HF Markets | Open Account | Yes | 0 USD / 0 NAD | No |
| 4. XM | Open Account | Yes | 5 USD / 94 NAD | Yes |
| 5. Pepperstone | Open Account | Yes | 0 USD / 0 NAD | No |
| 6. AvaTrade | Open Account | Yes | 100 USD / 1,883 NAD | No |
| 7. Oanda | Open Account | Yes | 0 USD / 0 NAD | No |
| 8. IG | Open Account | Yes | 0 USD / 0 NAD | Yes |
| 9. FP Markets | Open Account | Yes | 100 USD / 1861 NAD | No |
What is a PAMM account in Forex trading?
Accounts where a single trader in Namibia acts as manager and trades on behalf of several clients at once are referred to as “PAMM accounts.”
Forex and CFD brokerages in Namibia typically employ a software package called a “delegated trading platform” (or “trading management platform”) to facilitate the delegation of customer accounts to individual traders.
9 Best PAMM Account Forex Brokers in Namibia Summary
- FXTM – Overall, Best PAMM Account Forex Broker in Namibia
- Alpari – Well-Regulated Award-Winning CFD Broker
- HF Markets – Several Account Types To Choose From
- XM – Offers Several Secure Payment Methods
- Pepperstone – Provides Social Trading Opportunities
- AvaTrade – Several Trading Platforms to Choose From
- Oanda – Negative Balance Protection Offered on All Accounts
- IG – Several Powerful Trading Platforms Offered
- FP Markets – Dedicated Islamic Accounts Offered to Muslim Traders
1. FXTM
The latest MetaTrader5, MT5 Pro, MetaTrader4, MT5 Web Trader, VPS, and the iOS and Android MT4 mobile apps are just some of the trading platforms available to FXTM investors.
There are more than 250 assets to trade, including currency pairs, commodities (gold, oil, silver), shares, market indices, and CFDs.
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
FXTM launched its commission-free trading of more than 300 US-listed stocks in July 2020.
Since December 2017, it has been possible to trade between pairings of Bitcoin, Ethereum, and Litecoin. FXTM Invest allows users to “copy” the trades of professional strategy managers from all around the world.
FXTM Overview
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, FXTM Trader |
| 💳 Minimum Deposit | 10 USD / 188 NAD |
| 🔎 Trading Accounts | Micro Account, Advantage Account, Advantage Plus Account |
| 📊 Spread | 0.0 pips EUR/USD |
| 💰 Commissions | from $0.40 to $2 per $100K |
| 📈 Maximum Leverage | 1:2000 |
| ⚖️ Regulation | CySEC, FSCA, FCA, CMA, FSC Mauritius |
| 🎉 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 |
2. Alpari
Alpari was established in 1998 and has since grown to become one of the most successful Forex brokers globally, providing its customers with a wide range of cutting-edge trading tools and technological resources.
Finance Magnates reports that Alpari has been one of the top Forex brokers globally for several years running.
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
In addition to more than 50 currency pairings, Alpari offers its customers access to a wide variety of other instruments. The company provides customers with access to three different trading platforms via desktop and iOS/Android apps.
Alpari Overview
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader4, MetaTrader5, Alpari Mobile App |
| 💳 Minimum Deposit | 5 USD / 93 NAD |
| 🔎 Trading Accounts | Forex Standard Account, Forex Micro Account, Forex ECN Account, Forex Pro Account |
| 📊 Spread | 0.4 pips EUR/USD |
| 💰 Commissions | fixed at $4 |
| 📈 Maximum Leverage | 1:100 |
| ⚖️ Regulation | FSC, FSCA |
| 🎉 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 |
3. HF Markets
HF Markets offers CFD trading on a variety of underlying assets via their web-based trading platform. HF Markets entered a competitive market in 2010, and it has grown steadily since then.
And despite the cutthroat nature of the industry, it has managed to sign up over 2,000,000 active users in just under a decade of service.
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
Trading CFDs on commodities, equities, indices, energy, metals, and cryptocurrencies is also available in addition to the standard forex pairs offered by HF Markets.
HF Markets Overview
| 💵 Minimum Deposit | 0 USD / 0 NAD |
| ✔️ Deposit Currencies | USD, AED, EUR, GBP, CHF, JPY, NZD, CAD, ZAR, and more. |
| 🔎 Trading Platforms | MetaTrader 4, MetaTrader 5, HF App |
| 📊 Starting spread | 0.0 pips |
| 💰 Minimum Commission per Trade | From $6 per round turn on Forex |
| 📈 Demo Account | Yes |
| ⚖️ Non-expiring Demo | Yes |
| ⏰ Demo Duration | Unlimited |
| 🎉 Open Account | Open Account |
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 |
4. XM
XM Group has seen tremendous development since 2009, garnering 1.5 million clients living in 196 countries.
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
XM Group, a market maker broker that stands out from the pack thanks to its excellent customer service and extensive educational resources, is regulated by three major authorities and has won numerous industry awards.
XM Overview
| 💵 Minimum Deposit | 5 USD / 95 NAD |
| ✔️ Deposit Currencies | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR |
| 🔎 Trading Platforms | MT4, MT5, XM Mobile App |
| 📊 Starting spread | From 0.7 pips |
| 💰 Minimum Commission per Trade | From $1 per share |
| 📈 Demo Account | Yes |
| ⚖️ Non-expiring Demo | Yes, if it remains in use |
| ⏰ Demo Duration | Unlimited, but inactive accounts expire after 90 days |
| 🎉 Open Account | Open Account |
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 |
5. Pepperstone
Pepperstone was established in 2010 and has since become a leading internet broker. They have authorization from the relevant authorities in Australia (ASIC), the UK (FCA), and the UAE (DFSA).
Overall Rating
- 4.1/5
Min Deposit
200 AUD / 2,500 NAD
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
TradingView, MetaTrader 4, MetaTrader 5, cTrader, Capitalise.ai
Crypto
Yes (Not available in Africa)
Total Pairs
60+
Islamic Account
Trading Fees
Account Activation
They pride themselves on being the most comprehensive Forex broker in Australia, thus they provide a huge selection of currency pairs and crosses to suit the needs of all Forex traders. In addition to being a top Forex broker, they also offer trading in cryptocurrency CFDs, stocks, indices, options, and commodities.
Pepperstone Overview
| 💵 Minimum Deposit | 200 AUD / 2,500 NAD |
| ✔️ Deposit Currencies | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD |
| 🔎 Trading Platforms | TradingView, MetaTrader 4, MetaTrader 5, cTrader, Capitalise.ai |
| 📊 Starting spread | Variable, from 0.0 pips EUR/USD |
| 💰 Minimum Commission per Trade | From AU$7 |
| 📈 Demo Account | Yes |
| ⚖️ Non-expiring Demo | No, only if you have a funded live account |
| ⏰ Demo Duration | 30 days if a live account is not registered |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Namibian traders are given access to powerful and user-friendly trading platforms | There is no NAD-denominated account for Namibian traders |
| Pepperstone offers competitive trading conditions and trading accounts that suit all types of traders | There are restrictions on the countries that can access the Pepperstone Islamic Account |
| Namibians can expect award-winning customer support in several languages | Additional admin fees apply to the Islamic account |
| There are several flexible account funding and withdrawal options offered | There are leverage restrictions applied to certain regions |
| Pepperstone is well-regulated and guarantees client fund security | Negative balance protection is limited to certain regions |
| There is a decent selection of trading tools for advanced Namibian traders | |
| Social trading opportunities are offered | |
| There are no fees charged on deposits |
6. AvaTrade
When it comes to CFD and FX trading, AvaTrade is a top choice. A big reason for its success is the strict rules and regulations that govern it.
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
It has a lot going for it, including a helpful customer service system with multiple channels of communication, a wealth of informative learning materials, low spreads, and high leverage.
AvaTrade Overview
| Account Feature | Value |
| 💻 Trading Platforms | AvaTrade WebTrader, AvaTradeGO, AvaOptions, AvaSocial, MT4, MetaTrader 5, DupliTrade, ZuluTrade |
| 💳 Minimum Deposit | 100 USD / 1,883 NAD |
| 🔎 Trading Accounts | Standard Live Account, Professional Account Option |
| 📊 Spread | Fixed, from 0.9 pips |
| 💰 Commissions | None |
| 📈 Maximum Leverage | 1:30 (Retail) 1:400 (Pro) |
| ⚖️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC |
| 🎉 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. |
7. Oanda
OANDA provides its customers, who range from individual investors to multinational financial institutions, with the most cutting-edge tools and resources for online currency trading and access to the most recent and accurate financial data available.
Overall Rating
- 4.9/5
Min Deposit
0 USD / 0 NAD
Regulators
FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
Trading Desk
MetaTrader 4, OANDA Platform, TradingView
Crypto
Total Pairs
45
Islamic Account
Trading Fees
Account Activation
OANDA is a trusted provider of foreign exchange data and a recognized market maker. As a customer of the organisation, you will have access to one of the world’s largest databases of financial and economic information.
OANDA Overview
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, OANDA Platform, FxTrade |
| 💳 Minimum Deposit | 0 USD / 0 NAD |
| 🔎 Trading Accounts | Standard Account, Core Account, Swap-Free Account, Premium Account, Premium Core Account |
| 📊 Spread | From 0.2 pips |
| 💰 Commissions | From $35 |
| 📈 Maximum Leverage | 1:888 |
| ⚖️ Regulation | IIROC, ASIC, CFTC, NFA, FCA, FFAJ, JFSA, MAS, MFSA, BVI FSC |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Proprietary desktop trading platforms offered alongside MetaTrader 4 and 5 | Fixed spreads are not offered |
| Offers an impressive array of financial instruments including most currency pairs | There is a monthly inactivity fee applied |
| Innovative mobile trading apps and mobile platforms provided | |
| There are several advanced charting tools and charting features offered | |
| Negative balance protection is applied to accounts | |
| The broker accepts a wide range of trading strategies including algorithmic trading, hedging, scalping, and more | |
| There is a comprehensive range of trading tools and analytical tools offered | |
| Deposit fees are not charged and there are several deposit options | |
| Offers a decent selection of educational materials including educational articles | |
| Client funds are kept in segregated accounts |
8. IG
Founded in 1999, IG Markets functions as the CFD (contracts for difference) part of leading spread betting provider IG group.
You can trade foreign currency, commodities, and a variety of stock indexes with IG Markets at any time of the day or night. IG Markets comes with a charting suite, and a rapid one-click trading platform – PureDeal.
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
In addition, you can gain entry to the trading books of the most important exchanges in the world through a second level of access. With this, you can see the market depth even while trading is closed.
IG Overview
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API |
| 💳 Minimum Deposit | 0 USD / 0 NAD |
| 🔎 Trading Accounts | IG Trading Account, Limited Risk Account, Islamic Account (Dubai traders only), Demo Account |
| 📊 Spread | From 0.0 pips |
| 💰 Commissions | $5 per lot |
| 📈 Maximum Leverage | 50:1 |
| ⚖️ Regulation | FCA, BaFin CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Offers a significant range of financial instruments, including Namibian-specific trading instruments | High minimum deposit charged |
| There are several powerful trading platforms offered | Inactivity fees apply |
| There are competitive trading conditions that include low spreads, low commissions, and reliable trade execution | |
| Traders can get free trading signals | |
| There is a comprehensive IG Academy offered with dedicated educational resources | |
| Convenient funding options provided along with free deposits and withdrawals | |
| FIX API Direct Market Access trading is offered | |
| There are Swap-Free Accounts offered for Islamic traders |
9. FP Markets
FP Markets is an Australian CFD and forex broker that has been in business since 2005. The ASIC in Australia and the CySEC in Cyprus oversee its operations.
The Australian Securities and Investments Commission oversees FP Markets, making them a reliable CFD and FX broker (ASIC).
Overall Rating
- 4.7/5
Min Deposit
100 AUD / 1,200 NAD
Regulators
ASIC, CySEC, CMA, FSCA
Trading Desk
MT4, MT5, IRESS, cTrader, FP Markets App
Crypto
Total Pairs
63
Islamic Account
Trading Fees
Account Activation
Low foreign exchange fees and no inactivity fees are two of its enticing features. It’s easy to open an account, make a deposit, and use the many helpful learning resources available.
FP Markets Overview
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, Myfxbook AutoTrade, FP Markets App |
| 💳 Minimum Deposit | 100 USD / 1861 NAD |
| 🔎 Trading Accounts | Standard, Raw |
| 📊 Spread | From 0.0 pips |
| 💰 Commissions | USD $3 per side |
| 📈 Maximum Leverage | 500:1 |
| ⚖️ Regulation | ASIC, CySEC, CMA, FSCA |
| 🎉 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 |
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
- 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 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
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 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 Rating
- 4.9/5
Min Deposit
0 USD / 0 NAD
Regulators
FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
Trading Desk
MetaTrader 4, OANDA Platform, TradingView
Crypto
Total Pairs
45
Islamic Account
Trading Fees
Account Activation
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
200 AUD / 2,500 NAD
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
TradingView, MetaTrader 4, MetaTrader 5, cTrader, Capitalise.ai
Crypto
Yes (Not available in Africa)
Total Pairs
60+
Islamic Account
Trading Fees
Account Activation
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
- 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 AUD / 1,200 NAD
Regulators
ASIC, CySEC, CMA, FSCA
Trading Desk
MT4, MT5, IRESS, cTrader, FP Markets App
Crypto
Total Pairs
63
Islamic Account
Trading Fees
Account Activation
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
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 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
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 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
- 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 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
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 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 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
- 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
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, PAMM accounts present an opportunity for Namibian traders to have their investments managed in a pooled Forex trading account by an experienced account manager. This is a great option for those traders who might not have the time to focus on trading full-time.
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Frequently Asked Questions
What is a PAMM Account in Forex?
A type of pooled money forex trading is a percentage allocation management module, often known as PAMM. An investor has the option to distribute their funds to the competent trader(s) or money manager(s) of their choice in the desired ratio.
Is it safe to use a PAMM account?
This technology is used through a licensed brokerage company. Therefore, a PAMM account is secure and reliable, and using this strategy is a surefire way to profit with the assistance of a seasoned trader and other investors via a centralized brokerage system.
What is the difference between a PAMM and a MAM account?
The common mode is called MAM. Similar to MAM, PAMM does not allow investors to view deals. The manager solely trades with their own money in the social trading (copy trading) mode; all other accounts just receive copied deals.
Who manages the PAMM account?
Typically the PAMM account manager will be a managed account participant, a client of the Company who passed the registration procedure as a Manager of a Managed account.
How do I become a PAMM trader?
To become a PAMM trader, you need to register for a PAMM account with a licensed and regulated Forex broker.
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