Namibian Dollar Forex Trading Accounts
Scam Forex Brokers in Namibia
9 Best STP Forex Brokers in Namibia
The 9 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
9 Best STP Forex Brokers in Namibia – Comparison
| 🥇 Broker | ✔️ STP Forex Broker? | 💵 Minimum Deposit | Allows Namibian Traders? | 👉 Open Account |
| 1. FXTM | Yes | USD 5 / 80 NAD | Yes | 👉 Open Account |
| 2. Alpari | Yes | USD 5 / 80 NAD | No | 👉 Open Account |
| 3. HF Markets | Yes | USD 5 / 80 NAD | No | 👉 Open Account |
| 4. XM | Yes | USD 5 / 80 NAD | Yes | 👉 Open Account |
| 5. Pepperstone | Yes | USD 5 / 80 NAD | No | 👉 Open Account |
| 6. AvaTrade | Yes | USD 5 / 80 NAD | No | 👉 Open Account |
| 7. Oanda | Yes | USD 5 / 80 NAD | No | 👉 Open Account |
| 8. IG | Yes | USD 250 / 4 302 NAD | Yes | 👉 Open Account |
| 9. FP Markets | Yes | USD 100 / 1 721 NAD | No | 👉 Open Account |
9 Best STP Forex Brokers in Namibia Summary
- XM – Overall, Best STP Forex Broker in Namibia
- Alpari – Award-Winning CFD Forex Broker
- FXTM – Commission-Free Trading Offered
- AvaTrade – Several Trading Platforms to Choose From
- FP Markets – Fast Trade Execution Provided
- GO Markets – Free Demo Account Offered for Beginner Traders
- OctaFX – Accepts Hedging and Scalping Strategies
- Pepperstone – Well-Regulated in Several Regions
- IG – Offers Islamic Accounts for Muslim Traders
What is an STP Forex broker?
👉 A Straight Through Processing (STP) broker is a forex broker that handles trade orders without any middlemen. These brokers provide trade orders to liquidity providers (large banks), who promptly act on them.
👉 The development of the FIX (Financial Information Exchange) protocol allowed for the use of STP. STP’s key aims are to speed up the execution of trades, minimise price discrepancies caused by slippage and re-quotes, and guarantee that Namibian traders always get the best possible deal.
1. XM
Overall Rating
- 4.7/5
Min Deposit
USD 5 / 97 NAD
Regulators
IFSC, CySec, ASIC
Trading Desk
Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform
Crypto
No
Total Pairs
57
Islamic Account
Trading Fees
No (Just spread)
Account Activation
Overview
👉 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.
👉 XM gives newbie traders a chance to hone their skills with a free sample account and a virtual $100,000 in virtual currency.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSCA, IFSC |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Namibian Traders? | Yes |
| 💳 Minimum deposit (NGN) | USD 5 / 97 NAD |
| Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:888 |
| 👥 Customer Support | 24/5 |
| 🎉 Trading Platform | Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Negative balance protection is applied to retail investor accounts | US clients are restricted from accessing XM’s trading services |
| There are several secure payment methods to choose from | There are no fixed spread accounts offered |
| The broker is known for low spreads, low commissions, and reliable trade execution speeds | There is an inactivity fee applied to dormant accounts |
| Traders can use hedging, scalping, and expert advisor trading strategies | |
| The broker offers personal customer service to its clients |
2. Alpari
Overall Rating
- 4.7/5
Min Deposit
USD 0 / 0 NAD
Regulators
FSC
Trading Desk
MetaTrader 4
Crypto
Total Pairs
48
Islamic Account
Trading Fees
Account Activation
Overview
👉 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.
👉 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.
Unique Features
| Account Feature | Value |
| 💰 Base Account Currency Options | USD, EUR, GBP, NGN |
| 💳 Minimum Deposit | 100 USD, EUR, GBP or 20,000 NGN |
| 💳 Maximum Deposit | None |
| 📈 Maximum Leverage | Floating from 1:1000 |
| 💰 Commission Charges | None |
| 📈 Average Spread | Floating from 1.2 pips |
| 🚀 Order Execution Type | Instant |
| 📊 Margin Call (%) | 60 |
| 📊 Stop-Out (%) | 40 |
| ✴️ Swap-Free Option | Yes |
| ✴️ Range of Markets | 61 pairs – Forex Major Pairs, Minors, Exotics, 5 Spot Metals, 14 Spot CFDs |
| 📊 Minimum Trade Volume | 0.01 lots |
| 📊 Maximum Trade Volume | 30 lots |
| 💰 Maximum Number of Orders | Unlimited |
| 📈 Maximum Order Volume | 100 Lots |
| 📊 Maximum Pending Orders | 100 Lots |
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. FXTM
Overall Rating
- 4.6/5
Min Deposit
10 USD / 188 NAD
Regulators
CySEC, FSCA, FCA, CMA, FSC Mauritius
Trading Desk
MetaTrader 4, MetaTrader 5, FXTM Trader
Crypto
Yes
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 FXTM’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 a number of trading platforms, including MetaTrader 4 and 5.
👉 Mobile users in Namibia have access to the MetaTrader 4 app, which works on both Android and iOS smartphones.
Unique Features
| Feature | Information |
| ⚖️ Regulation | CySec, FSC |
| ✅ CBN Regulation? | No |
| 📊 Trading Accounts | Micro Account, Advantage Account, Advantage Plus Account |
| 💻 Trading Platform | MetaTrader 4, MetaTrader 5, FXTM Trader |
| 💰 Minimum Deposit (NAD) | 10 USD / 186 NAD |
| 💵 Trading Assets | Precious Metals, Stock Trading, Stock CFDs, Indices, Forex Indices, Forex Currency Pairs (including minor, major, and exotic pairs), Commodities, Stock Baskets |
| 🔎 Namibian-based Account? | Yes |
| 💳 NAD Deposits Allowed? | Yes |
| 💰 Bonuses for Namibian traders? | Yes |
| 📈 Minimum spread | 0.0 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✔️ Social Trading Offered | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FXTM is a multi-regulated and a reputable broker that has gained a high level of trustworthiness | Inactivity fees apply when the retail investor account becomes dormant |
| Dedicated customer support offered for Namibian traders Several deposit options and withdrawal methods offered | |
| There is a low minimum deposit requirement | |
| Commission-free trading is offered | |
| Deposit fees are not charged on any payment methods | |
| Withdrawal processing times are quick | |
| There are several educational tools offered | |
| There is an exclusive risk management tool offered |
4. AvaTrade
Overall Rating
- 4.9/5
Min Deposit
100 USD / 1,883 NAD
Regulators
Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
Trading Desk
AvaTradeGO, AvaOptions, AvaSocial, MT4, MT5, DupliTrade, ZuluTrade
Crypto
Total Pairs
55+
Islamic Account
Trading Fees
Account Activation
Overview
👉 AvaTrade 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 have offices all over the world, making them one of the most regulated internet brokerages in the world.
👉 Although they have created their own trading platforms, AvaTrade still prefers to offer the widely used MT4 to their Namibian customers.
Unique Features
| Feature | Information |
| ⚖️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC |
| ✔️ CBN Regulation? | No |
| 📊 Trading Accounts | Retail Investor Account, Professional Account Option |
| 💻 Trading Platform | AvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade |
| 💰 Minimum Deposit (NAD) | 100 NAD / 1,862 NAD |
| 💵 Trading Assets | Foreign currencies, Cryptocurrencies, Commodities, Treasuries, Bonds, Indices, Stocks, ETFs, Options, CFDs, Precious Metals |
| 🔎 Namibian-based Account? | No |
| 💳 NAD Deposits Allowed? | No |
| 💰 Bonuses for Namibian traders? | Yes |
| 📈 Minimum spread | 0.9 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✅ Social Trading Offered | Yes |
| 👉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| AvaTrade is multi-regulated and one of the most trusted online trading brokers in the world | Variable spreads are not offered |
| There is a wide range of financial instruments that can be traded across financial markets | There is a limited choice between account types |
| There are several technical indicators, economic indicators, and other solutions for advanced traders | Inactivity fees are applied |
| There are several trading platforms to choose from | Currency conversion fees may be applied |
| There is a decent selection of educational material that helps beginner traders navigate complex instruments and lower the degree of risk they are often exposed to | There is a limited number of base currency options offered on accounts |
| There is a multitude of social trading opportunities offered | |
| The broker accepts any trading strategy including automated trading, expert advisors, scalping, hedging, and others. |
5. FP Markets
Overall Rating
- 4.7/5
Min Deposit
100 USD / 1,883 NAD
Regulators
ASIC, CySEC
Trading Desk
MetaTrader 4, MetaTrader 5, Myfxbook AutoTrade, FP Markets App
Crypto
Total Pairs
63
Islamic Account
Trading Fees
Account Activation
Overview
👉 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.
👉 In spite of the fact that 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.
👉 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.
Unique Features
| Account Feature | Value |
| 💰 Minimum Deposit | 1,100 NAD or an equivalent to AU$100 |
| 📊 Average Spreads | Variable, from 0.0 pips |
| ✔️ Instruments Available | 60+ Forex pairs, metals, indices, commodities |
| 📈 Maximum Leverage Ratio | 1:500 |
| 📱 Execution Type | ECN |
| 💵 Commissions | US$3 per side |
| 👥 Expert Advisors Offered? | Yes |
| 📲 Mobile App Offered? | Yes |
| ✔️ VPS Available? | Yes |
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 |
6. GO Markets
Overall Rating
- 4.9/5
Min Deposit
200 USD / 3,766 NAD
Regulators
ASIC, CySEC, FSC
Trading Desk
MT4, MT5, cTrader, Copy Trading, Mobile Trading, WebTrader
Crypto
Yes
Total Pairs
60
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 GO Markets was founded in Australia in 2006 and now has branches in both Mauritius and Saint Vincent and the Grenadines, providing clients with access to CFD trading in more than 600 assets, including commodities, indices, and individual shares.
👉 GO Markets is not under the jurisdiction of the BoN of Namibia, and it has no offices in Lagos. Conversely, GO Markets is globally present and subject to stringent oversight by ASIC and the FSC.
👉 If you’re looking for a reliable forex and CFD broker, go no further than GO Markets.
Unique Features
| Account Feature | Value |
| 💰 Minimum Deposit | 2,200 NAD or an equivalent to AU$200 |
| 👥 Access to an Account Manager | Yes |
| 💸 Commission Charges | None |
| 📊 Average Spread | Variable, from 1 pip |
| ✔️ Markets Offered | 50+ FX Pairs, Shares, Indices, Commodities & Cryptocurrencies |
| 📈 Maximum Leverage offered | 1:500 |
| 🔧 Access to Trading Tools | Yes |
| 💵 Base Account Currencies | AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD |
| 📞 Expert Advisors | Yes |
| ✔️ Scalping Allowed? | Yes |
| 🆓 Free VPS offered? | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| GO Markets is well-regulated by Tier-1, Tier-2, and Tier-3 regulators | There are only two retail accounts available |
| GO Markets is a well-established forex and CFD broker with a good reputation | NAD is not a listed deposit currency, which means that Namibian traders may face currency conversion fees when they deposit or withdraw in local currency |
| There is a quick and simple account registration process | There is no NAD-denominated trading account for Namibian traders |
| There is a demo account offered | There is no Islamic account option for Muslim traders |
| There are powerful trading platforms provided for web, desktop, and mobile trading | The minimum deposit requirement is higher than what other brokers charge |
| Namibian traders can choose from reliable funding and withdrawal options | |
| GO Markets offers expert market analysis to more experienced Namibian traders | |
| There is a comprehensive affiliate program offered by GO Markets |
7. OctaFX
Overall Rating
- 4.7/5
Min Deposit
USD 5 / 97 NAD
Regulators
CySEC, SVG, FSA
Trading Desk
MT4, MT5, OctaTrader
Crypto
Total Pairs
28
Islamic Account
Trading Fees
Account Activation
Overview
👉 OctaFX is a top pick among Namibian investors thanks to its low spreads and other enticing features for traders. They are a go-to for trading CFDs and Forex in over a hundred different nations.
👉 OctaFX offers CFD markets for foreign exchange (FX), commodities (including crypto), and cryptocurrencies (including Bitcoin and Ethereum).
👉 This is a nice fit for the other brokers on our list, as most of them use the MetaTrader 4 platform. They offer both MetaTrader and cTrader to Namibian investors, as well as a wide range of account sizes and types.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSA SVG, CySEC |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Namibian Traders? | Yes |
| 💳 Minimum deposit (NGN) | USD 5 / 97 NAD |
| Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:500 |
| 👥 Customer Support | 24/5 |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Fixed spread accounts are offered to retail traders | US clients are restricted |
| The broker accepts hedging and scalping strategies | There are only a few financial markets that can be traded |
| Negative balance protection is applied to retail investor accounts | |
| The broker is well-regulated and has a decent trust score | |
| There is commission-free trading |
8. Pepperstone
Overall Rating
- 4.1/5
Min Deposit
0 USD / 0 NAD
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader, TradingView
Crypto
Yes (Not available in Africa)
Total Pairs
60+
Islamic Account
Trading Fees
Account Activation
Overview
👉 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.
👉 Pepperstone is regulated by the European Securities and Markets Authority (ESMA) and the Financial Conduct Authority (FCA).
Unique Features
| Account Feature | Value |
| 💰 Minimum Deposit | USD 0 / 0 NAD |
| 💸 Minimum Trading Size | 0.01 lots |
| 📉 Maximum Trading Size | 100 lots in a single trade |
| 💰 Base Account Currency | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD |
| 💵 Trading Strategies Supported | All including scalping, hedging, and Expert Advisors (EAs) |
| 🗞 News Trading Offered? | Yes |
| ✔️ Trade Execution | No-Dealing Desk (NDD) |
| 📊 Average EUR/USD Spread | From 0.6 pips |
| 💵 Commissions | None |
| 💰 Rollover Swaps | Yes, according to the market rates |
| 📊 Maximum Leverage per region | • Australia – 1:30 • Bahamas – 1:200 • Cyprus – 1:30 • Dubai – 1:30 • Germany – 1:30 • Kenya – 1:400 • United Kingdom – 1:30 |
| ⚖️ Negative Balance Protection Offered | Yes, only for retail clients |
| 🛑 Margin Close-Out (%) | 50% |
| 🔧 Trading Instruments offered | 1,200+ |
| 💻 Trading Platforms offered | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade |
| 👉 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 |
9. IG
Overall Rating
- 4.8/5
Min Deposit
0 USD / 0 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
Overview
👉 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).
👉 They also offer a web-based platform called IG Trader to Namibian traders.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, CFTC, FINRA, NFA, BMA |
| ✔️ CBN Regulation? | No |
| 📊 Trading Accounts | IG Trading Account, IG Professional Account, IG Options Trading Account, IG Turbo24 Account, Limited Risk Account, Share Dealing Account, Exchange Account (NADEX) |
| 💻 Trading Platform | MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API |
| 💰 Minimum Deposit (NAD) | USD 0 / 0 NAD |
| 💸 Trading Assets | Forex, Shares, Indices, Commodities, Cryptocurrencies, Interest Rates, Bonds, ETFs, Futures, Options |
| 🔎 Namibian-based Account? | No |
| 💵 NAD Deposits Allowed? | Yes |
| 💰 Bonuses for Namibian traders? | No |
| 📈 Minimum spread | 0.1 pips (DMA) on EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✅ Social Trading Offered | No |
| 👉 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 |
How to choose a Forex Broker in Namibia
👉 Namibian traders must evaluate the following components of a forex broker to decide whether the broker is suited to their unique trading objectives and/or needs.
Regulations and Licenses
👉 This is the first important component that traders must thoroughly evaluate. Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others. Namibians must beware when dealing with brokers that only have offshore regulations such as FSA, SVG BVI, FSC, and others.
Account Features
👉 Account Features include leverage trading and margin requirement, commissions and spreads, initial deposit, additional features on retail investor accounts, and so on.
Deposits and Withdrawals
👉 Namibians must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits among other trading and non-trading fees.
Range of Markets
👉 The range of markets offered refers to the number and range of tradable instruments that the broker offers. Namibians must consider what they wish to trade and what is available.
Customer Support
👉 Customer Support is another crucial factor and Namibians must check the availability of support (trading hours), the quality of support, and the promptness with which the customer support team responds to queries.
Trading Platform
👉 A trading platform is the Namibian trader’s portal to the financial markets. Traders must ensure that the trading platform has the necessary technical indicators, fundamental analysis, technical analysis, economic calendar, charting, newsfeed, and other tools they may need.
Education and Research
👉 Education and Research come in handy to both novice traders and experienced investors. Education includes some of the following:
➡️ eBooks
➡️ Trading guides
➡️ Trading knowledge on leveraged products
➡️ A risk warning on complex instruments
➡️ Educational videos
👉 Research can include some of the following:
➡️ Trading tools
➡️ Commentary
➡️ Status of International Markets
➡️ Price movements
➡️ Market sentiments
➡️ Whether there is a volatile market
➡️ Exchange Rates
➡️ Expert opinions and several other resources can help experienced traders make informed trading decisions.
The Best Forex Brokers in Namibia
👉 In this article we have listed the best Forex brokers which offer Forex Brokers to traders in Namibia. We have further identified the forex brokers that offer additional services and solutions to Namibian traders.
Best Forex Brokers MetaTrader 4 / MT4 Forex Broker in Namibia
Overall Rating
- 4.7/5
Min Deposit
USD 0 / 0 NAD
Regulators
FSCA
Trading Desk
–
Crypto
Total Pairs
33
Islamic Account
No
Trading Fees
Account Activation
👉 Overall, Trade Nation is the best MT4 forex broker in Namibia. Trade Nation also has an effective trading app. Trade Nation further has competitive costs, a secure trading environment and cutting-edge solutions.
Best Forex Brokers MetaTrader 5 / MT5 Forex Broker in Namibia
Overall Rating
- 4.9/5
Min Deposit
10 USD / 186 NAD
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
Crypto
Total Pairs
107
Islamic Account
Trading Fees
Account Activation
👉 Overall, Exness is the best MT5 forex broker in Namibia. Exness offers dynamic and adaptable account types as well as some of the industry’s most advantageous trading conditions. Exness offers over 200 financial products, several retail account types, and a wealth of resources.
Best Forex Brokers Forex Broker for beginners in Namibia
Overall Rating
- 4.7/5
Min Deposit
USD 10 / 195 NAD
Regulators
CySec, FSC, FSA, BaFin, NFA
Trading Desk
MetaTrader 4 , MetaTrader 5
Crypto
Total Pairs
50 Forex Pairs and 20 Crypto Pairs
Islamic Account
Trading Fees
Account Activation
👉 Overall, BDSwiss is the best forex broker for beginners in Namibia. BDSwiss is also a well-regulated broker that has a large international clientele. It offers a diverse range of trading instruments, including forex, commodities, stocks, indices, and many cryptocurrencies.
Best Forex Brokers Minimum Deposit Forex Broker in Namibia
👉 Overall, Oanda is the best minimum deposit forex broker in Namibia. Oanda also provides competitive trading conditions, a proprietary platform that has won awards, and high-quality trading solutions. Professionals and novices alike can use OANDA’s platform to access a wide range of indicators and charting tools.
Best Forex Brokers ECN Forex Broker in Namibia
Overall Rating
- 4.1/5
Min Deposit
0 USD / 0 NAD
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader, TradingView
Crypto
Yes (Not available in Africa)
Total Pairs
60+
Islamic Account
Trading Fees
Account Activation
👉 Overall, Pepperstone is the best ECN forex broker in Namibia. Pepperstone is capable of handling multiple order fills, allowing them to feed bigger orders into a liquidity aggregator on numerous levels. Orders placed by clients are filled on a “market execution” basis without requotes, with the possibility of positive or negative slippage, and without broker interference.
Best Forex Brokers Islamic / Swap-Free Forex Broker in Namibia
Overall Rating
- 4.8/5
Min Deposit
0 USD / 0 NAD
Regulators
FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
Trading Desk
MetaTrader 4, MetaTrader 5, HF App
Crypto
No
Total Pairs
50+
Islamic Account
Trading Fees
Account Activation
👉 Overall, HF Markets is the best Islamic/swap free forex broker in Namibia. HF Markets, formerly HotForex, is a low-risk CFD and forex broker that provides competitive trading conditions, retail investor accounts, client fund security, and customer support. HF Markets’ retail investor accounts are appropriate for both novice and expert traders.
Best Forex Brokers Forex Trading App in Namibia
Overall Rating
- 4.7/5
Min Deposit
100 USD / 1,883 NAD
Regulators
ASIC, CySEC
Trading Desk
MetaTrader 4, MetaTrader 5, Myfxbook AutoTrade, FP Markets App
Crypto
Total Pairs
63
Islamic Account
Trading Fees
Account Activation
👉 Overall, FP Markets is the best forex trading app broker in Namibia. FP Markets provides over 10,000 products in stocks, indices, forex, commodities, and cryptocurrencies, as well as an easy-to-use mobile app and a variety of account types. FP Markets provides a variety of value-added services, including VPS hosting for automated trading solutions, copy trading through the MT4 Myfxbook service, and retail account management using the MT4 MAM/PAMM module.
Best Forex Brokers Lowest Spread Forex Broker in Namibia
Overall Rating
- 4.7/5
Min Deposit
5 USD / 93 NAD
Regulators
FSCA, IFSC, ASIC, CySEC, DFSA, FCA
Trading Desk
FBS Trader, MetaTrader 4, MetaTrader 5, CopyTrade
Crypto
Total Pairs
36
Islamic Account
No
Trading Fees
Account Activation
👉 Overall, FBS is the best lowest spread forex broker in Namibia. FBS is also a top forex and CFD broker for Namibians, offering a variety of trading accounts as well as a cutting-edge proprietary trading app. FBS charges low, competitive fees, and traders can rest assured that their clients’ funds are safe.
Best Forex Brokers Nasdaq 100 Forex Broker in Namibia
Overall Rating
- 4.7/5
Min Deposit
USD 5 / 97 NAD
Regulators
CySEC, SVG, FSA
Trading Desk
MT4, MT5, OctaTrader
Crypto
Total Pairs
28
Islamic Account
Trading Fees
Account Activation
👉 Overall, OctaFX is the best Nasdaq 100 forex broker in Namibia. OctaFX is also a trustworthy broker due to its low required minimum deposit, commission-free trading, and unlimited practise account. OctaFX’s mission is to keep trading costs as low as possible through the utilisation of STP (Straight Through Processing) and ECN models.
Best Forex Brokers Volatility 75 / VIX 75 Forex Broker in Namibia
Overall Rating
- 4.9/5
Min Deposit
100 USD / 1,883 NAD
Regulators
Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
Trading Desk
AvaTradeGO, AvaOptions, AvaSocial, MT4, MT5, DupliTrade, ZuluTrade
Crypto
Total Pairs
55+
Islamic Account
Trading Fees
Account Activation
👉 Overall, AvaTrade is the best Volatility 75 / VIX 75 forex broker in Namibia. AvaTrade is a CFD and FX broker that is globally regulated by financial watchdog authorities. It provides an optimal trading environment for traders of all levels, with 24-hour multilingual support desks.
Best Forex Brokers NDD Forex Broker in Namibia
Overall Rating
- 4.7/5
Min Deposit
USD 5 / 97 NAD
Regulators
IFSC, CySec, ASIC
Trading Desk
Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform
Crypto
No
Total Pairs
57
Islamic Account
Trading Fees
No (Just spread)
Account Activation
👉 Overall, XM is the best NDD forex broker in Namibia. XM was founded in 2009 and has been in operation for more than 12 years. It operates in over 196 countries, has a service team that speaks 30 languages, and is one of the most trusted and well-regulated brokers. XM also provides strong security, superior customer service, account financing, and low fees.
Best Forex Brokers STP Forex Broker in Namibia
Overall Rating
- 4.7/5
Min Deposit
$10 / 195 NAD
Regulators
IFSC, MFSC and FSC
Trading Desk
MetaTrader4, MetaTrader5, CopyTrade and cTrader
Crypto
No
Total Pairs
62
Islamic Account
Trading Fees
Account Activation
👉 Overall, Axiory is the best STP forex broker in Namibia. Axiory trades are executed in less than 200 milliseconds, and Namibian traders are given the best trading software that is linked to Equinix data centres. Axiory’s cTrader, MetaTrader, and the FIX API can be used to trade forex and CFDs.
Best Forex Brokers sign up bonus Broker in Namibia
Overall Rating
- 4.7/5
Min Deposit
100 USD / 1,862 NAD
Regulators
Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA
Trading Desk
MT4, MT5, Tickmill Mobile
Crypto
Total Pairs
62
Islamic Account
Trading Fees
Account Activation
👉 Overall, Tickmill is the best sign up bonus broker in Namibia. Tickmill’s VIP and Pro accounts also offer very appealing commission-based pricing. Tickmill provides a wide range of CFD currency, stock, commodity, and index CFDs in addition to low spreads, massive leverage, and fast execution speeds.
Conclusion
👉 Overall, STP Forex brokers provide traders with access to both high liquidity and direct market prices, ensuring the most low-cost trades possible. STP brokers offer a significant advantage for Namibian traders, but it is always important to open an account with a regulated Forex broker.
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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