Scam Forex Brokers in Namibia
8 Best STP Forex Brokers in Namibia
The 8 Best STP Forex Brokers for Namibians revealed. We tested the best STP Forex Brokers for Namibian Traders.
This is a complete guide to STP Forex Brokers in Namibia.
In this in-depth guide you’ll learn:
- What are Straight Through Processing (STP) Forex Brokers?
- Which STP forex brokers offer the best trading platforms for Namibian traders?
- Which STP Brokers can you use with M-PESA?
- How to compare the best trading platforms against each other.
- Which STP forex brokers are best for beginner Namibian Traders?
- Which brokers offer a sign-up bonus for first-time traders in Namibian?
- Which brokers offer a low minimum deposit of $5 (86 NAD) to start trading?
- Which STP Brokers offer a mobile app on IOS and Android for Namibian Traders?
And lots more…
So if you’re ready to go “all in” with the best STP Forex Brokers…
Let’s dive right in…
- Louis Schoeman
8 Best STP Forex Brokers in Namibia – Comparison
| 🥇 Broker | 🎉 Open An Account | ✔️ STP 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. IG | Open Account | Yes | 0 USD / 0 NAD | Yes |
| 8. FP Markets | Open Account | Yes | 100 USD / 1861 NAD | No |
What is an STP Forex broker?
An STP broker is a forex broker who handles trade orders without middlemen. These brokers provide trade orders to liquidity providers (large banks), who promptly act on them.
The development of the FIX protocol allowed for the use of STP. STP’s key aim is to speed up the execution of trades.
8 Best STP Forex Brokers in Namibia Summary
- FXTM – Overall, Commission-Free Trading Offered
- Alpari – Award-Winning CFD Forex Broker
- HFM – Free Demo Account Offered for Beginner Traders
- XM – Best STP Forex Broker in Namibia
- Pepperstone – Well-Regulated in Several Regions
- AvaTrade – Several Trading Platforms to Choose From
- IG – Offers Islamic Accounts for Muslim Traders
- FP Markets – Fast Trade Execution Provided
1. FXTM
FXTM’s stellar reputation for support services makes it no surprise that the company has been named a top forex broker in Namibia.
To learn the ropes and advance as a trader, a beginner will discover a wealth of useful information, resources, and tools here. FXTM provides several trading platforms, including MetaTrader 4 and 5.
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
Mobile users in Namibia have access to the MetaTrader 4 app, which works on both Android and iOS smartphones.
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
Traders in Namibia have access to a wide variety of services and products from Alpari Financial Services Ltd. (Alpari), a leading independent Forex broker.
Alpari offers a wide variety of account options, and the company’s support staff can communicate with you in more than 30 different languages. They also offer copy trading and demo accounts for new traders.
Overall Rating
- 4.7/5
Min Deposit
5 USD / 94 NAD
Regulators
FSC, FSCA
Trading Desk
MetaTrader4, MetaTrader5, Alpari Mobile App
Crypto
Total Pairs
61
Islamic Account
Trading Fees
Account Activation
Trading in foreign currency and contracts for difference (CFDs) is now possible in Namibia through Alpari International, a global Forex broker.
Alpari offers a dealing desk for the MetaTrader 5 platform in addition to MetaTrader 4 and 5. Both systems will provide cutting-edge capabilities in mapping and navigation.
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. HFM
HF Markets, also known as HotForex, is a global forex and CFD broker that provides online trading services to traders in Namibia and around the world. The company was founded in 2010 and has since become a well-established and reputable broker in the industry.
HF Markets offers traders access to a wide range of financial instruments, including currency pairs, commodities, indices, and cryptocurrencies. The broker also offers competitive spreads and low trading fees, making it an attractive option for traders of all levels.
One of the standout features of HF Markets is its dedication to education and training for traders. The broker offers a range of educational resources, including webinars, tutorials, and market analysis, to help traders improve their skills and stay up-to-date with the latest market trends.
HF Markets is also known for its advanced trading tools and features, such as its proprietary trading platform, the MT4 and MetaTrader 5 platforms, and its VPS hosting 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
HF Markets is fully regulated by top-tier financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Commission (FSC) of Mauritius, ensuring that traders can trade with confidence.
Overall, HF Markets is a reputable and reliable broker that offers a wide range of trading instruments, competitive fees, excellent customer service and educational resources, and advanced trading tools and features, making it a great choice for traders in Namibia.
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 |
| There are tight, competitive spreads from 0.0 pips on EUR/USD | HFM only offers a few deposit and withdrawal methods to Namibians |
| There is a demo account for beginners who are learning to trade and professional traders who are testing strategies | |
| Namibia traders can register a trading account in either USD, ZAR, or NAD | |
| Several asset classes can be traded through HFM | |
| Namibia traders have access to MetaTrader 4 and 5 across desktops, mobile apps, and web-based platforms |
4. XM
Auto trading, no hidden costs or charges, and instantaneous order executions are just a few of the features that have helped XM earn a reputation as the next-generation broker for online Forex trading among Namibian traders of all skill levels.
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 gives newbie traders a chance to hone their skills with a free sample account and a virtual $100,000 in virtual currency.
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 provides Namibian traders with access to numerous trading platforms and market options. Commodities like gold and silver, stocks like the DJIA and S&P 500, and forex pairs like the EUR/USD and Bitcoin are just some of the many trading instruments available.
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
Pepperstone is regulated by the European Securities and Markets Authority (ESMA) and the Financial Conduct Authority (FCA).
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
AvaTrade has been around for a long time, and for good reason: they were one of the first significant Forex/CFD brokers. AvaTrade has branches all throughout the world.
AvaTrade is licenced in six different jurisdictions and has offices all over the world, making it one of the most regulated internet brokerages in the world.
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
Although they have created their own trading platforms, AvaTrade still prefers to offer the widely used MT4 to their Namibian customers.
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. IG
In the years since its founding, IG has amassed a global clientele of more than 178,000. They have become the most prominent British Forex broker since going public.
IG is a global financial services provider licenced in 16 jurisdictions and regulated by authorities such as the Financial Conduct Authority and the Australian Securities and Investments Commission (FCA and ASIC, respectively, in the UK).
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
They also offer a web-based platform called IG Trader to Namibian traders.
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 |
8. FP Markets
FP Markets, which has been in operation since 2005, is an average-risk platform for trading forex and CFDs. The Foreign Exchange (FX) and Contracts for Difference (CFD) markets in Australia are governed by the Australian Securities and Investments Commission (ASIC), while in Cyprus, the CySEC is in charge.
Even though the Bank of Namibia (BoN) does not control FP Markets and the broker does not have an office in Namibia, FP Markets comes highly recommended by traders 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
FP Markets serves clients in approximately 80 countries and processes more than $1 billion in daily trading volume. FP Markets provides VPS hosting, the MT4 Myfxbook service, and the MT4 MAM/PAMM platform for retail account management of automated trading systems.
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 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
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, Octa 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. Octa’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 / 1,900 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 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 / 1,900 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, the Best STP Brokers are FXTM, Alpari, HF Markets, XM, Pepperstone, AvaTrade, IG and FP Markets.
STP Forex brokers provide traders with access to both high liquidity and direct market prices, ensuring the most low-cost trades possible.
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Frequently Asked Questions
Is STP or ECN better?
Even though electronic communication network (ECN) accounts can provide tighter spreads and lower total trading costs in liquid market conditions, straight-through processing (STP) brokerages can provide the same convenience and low cost of execution without the added expense of a dealing desk.
How does an STP broker work?
To facilitate STP, a bridge is established between a trader’s terminal and a liquidity provider or interbank. Smaller brokers can connect their traders to larger brokers via STP bridges; the larger brokers can then decide whether to connect the trader to the market directly or absorb the trades internally.
Do STP brokers also offer apps?
Yes, but you can expect reduced functionality. Although it’s convenient to have them on hand while you’re on the go, you’ll get the most out of them on your desktop computer.
How do STP Forex brokers in Namibia make money?
Your broker generates revenue by marking up the price you pay and/or charging you a commission. In other words, it does not make or lose money on individual trades but rather derives trading revenues based on the total number of trades.
How do I know if a broker in Namibia is STP?
Journal entries in MT4 and MT5 reveal the processing time of each trade. A Straight Through Processing (STP) Broker typically processes trades in 80-140 ms. Slippage risk decreases with the speed with which a transaction is transmitted to the market.
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