Namibian Dollar Forex Trading Accounts
Scam Forex Brokers in Namibia
7 Best Swap Free Account Brokers in Namibia
The 7 Best Islamic Swap-Free Forex Brokers in Namibia revealed.
This is a complete list of the best licensed Islamic swap-free brokers in Namibia.
In this in-depth guide you’ll learn:
- What is Swap-Free?
- Who are the best Islamic Swap-Free brokers for Namibians?
- How to choose the right broker for your trading style?
- How to begin trading with a shariah-compliant broker?
- Which Halal brokers offer the lowest spreads?
- Which broker offers a minimum deposit of $5 (86 NAD) to start trading?
- Which broker offers a sign-up bonus to first-time traders?
And lots more…
So, if you’re ready to go “all in” as a Muslim trader with the best-tested Islamic swap-free brokers for Namibians…
Let’s dive right in…
- Louis Schoeman
7 Best Swap Free Account Brokers in Namibia – Comparison
| 🥇 Broker | ✔️ Swap Free Forex Broker? | 💵 Minimum Deposit | Allows Namibian Traders? | 👉 Open Account |
| 1. Exness | Yes | USD 5 / 80 NAD | Yes | 👉 Open Account |
| 2. AvaTrade | Yes | USD 5 / 80 NAD | No | 👉 Open Account |
| 3. HF Markets | Yes | USD 5 / 80 NAD | No | 👉 Open Account |
| 4. Tickmill | Yes | USD 5 / 80 NAD | Yes | 👉 Open Account |
| 5. FBS | Yes | USD 5 / 80 NAD | No | 👉 Open Account |
| 6. XM | Yes | USD 5 / 80 NAD | No | 👉 Open Account |
| 7. CM Trading | Yes | USD 100 / 1 721 NAD | No | 👉 Open Account |
7 Best Swap Free Account Brokers in Namibia Summary
- Exness – Overall, Best Swap Free Account Broker in Namibia
- AvaTrade – Offers Several Trading Platforms to Choose From
- HF Markets – Well-Regulated in Several Global Regions
- Tickmill – Advanced Trading Tools Offered
- FBS – Super Low-Minimum Deposit Required
- XM – Negative Balance Protection on All Accounts
- CM Trading – Supports Copy Trading
What is swap-free trading in Forex?
👉 In order to avoid the rollover or overnight cost, Islamic swap-free trading accounts are set up in a unique way. Account holders who leave their funds in their trading accounts for more than 24 hours are not charged interest, which is against Sharia law according to the Riba principle.
1. Exness
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
Overview
👉 After launching in 2008, Exness has quickly grown to process monthly trade volumes of more than $180 billion. This is one of the most widely used and easily available brokers in Namibia, providing customers with access to over 200 different financial products through a variety of account types and a wealth of other services.
👉 Though Exness is not supervised by the Bank of Namibia (BoN), it is subject to oversight by a number of reputable regulatory bodies and has earned a solid reputation among Namibian traders.
👉 Exness is well-known for its efficiency across all account types and for providing trading conditions that are widely regarded as among the best in the industry.
👉 Electronic payment media provide traders with immediate access to funds, and traders also have the option of using leverage with Exness.
Unique Features
| Feature | Information |
| ⚖️ Regulation | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA |
| ✅ CBN Regulation? | No |
| 📊 Trading Accounts | Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account |
| 💻 Trading Platform | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app |
| 💰 Minimum Deposit (NAD) | 10 USD / 186 NAD |
| 💵 Trading Assets | Forex minor pairs, forex major pairs, forex exotic currency pairs, Metals, Crypto, Energies, Indices, Stocks |
| 🔎 Namibian-based Account? | No |
| 💳 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 | No |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Exness is a reputable international broker authorized by several reputable market regulators | There is a limited selection of tradable instruments in only a few financial markets |
| The broker offers some of the tightest spreads across all types of accounts | There is a limited selection of funding options offered |
| There are several account types to choose from, each accommodating different types of traders | |
| There are various market metrics available including exchange rates, overall trading activities available, current market conditions, and more. | |
| Exness is ideal for any Namibian beginner traders and institutional investors | |
| There are solutions offered for any type of professional trader who needs advanced options | |
| There is a powerful proprietary mobile app offered | |
| Client fund safety and investor protection is guaranteed | |
| Multilingual 24/7 customer support is offered | |
| Instant withdrawal methods are available |
2. 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
👉 Several financial authorities, notably the Irish Central Bank, oversee on AvaTrade. As a subsidiary of the AVA Group, it has rapidly risen to become one of the most reputable FX trading platforms in the world.
👉 AvaTrade, one of the top 20 CFD and forex brokers in Namibia, caters to traders with varying preferences and needs.
👉 This company caters to Namibian traders by providing them with attractive trading platforms, a lucrative range of tradable assets, bonuses, and other perks.
👉 It has been around since 2006, so Namibians know they can trust their connection to global markets.
👉 With AvaTrade, client funds are held in separate accounts at some of the world’s top financial institutions by this reputed international broker, which benefits from tight regulation. All of AvaTrade’s customers can expect open and honest service thanks to the company’s commitment to transparency.
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. |
3. HF Markets
Overall Rating
- 4.8/5
Min Deposit
0 USD / 0 NAD
Regulators
FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
Trading Desk
MetaTrader 4, MetaTrader 5, HF App
Crypto
No
Total Pairs
50+
Islamic Account
Trading Fees
Account Activation
Overview
👉 HF Markets is a dynamic MetaTrader broker with good investment options for both inexperienced and seasoned traders. Because of how strictly it is governed and how successfully it has earned its name, it is seen as a reliable broker by Namibian traders.
👉 HF Markets accommodates a diverse clientele because of the flexibility of its trading features and circumstances.
👉 The firm processes more than 2.5 million active accounts and has won more than 55 industry accolades.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 💻 CBN Regulation? | No |
| 📊 Trading Accounts | Cent Account, Premium Account, Zero Account, Pro Account |
| 📈 Trading Platform | MetaTrader 4, MetaTrader 5, HFM App |
| 💰 Minimum Deposit (NAD) | 0 USD / 0 NAD |
| 💵 Trading Assets | Forex Currency Pairs, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs |
| 🔎 Namibian Naira-based Account? | No |
| 💳 NAD Deposits Allowed? | No |
| 💰 Bonuses for Namibian traders? | Yes |
| 📈 Minimum spread | 0.0 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated in several global regions | There are no variable spread accounts |
| Offers some of the lowest spreads in the forex market on major currency pairs | There is a limited selection of funding options and withdrawal methods. |
| There are several account types to choose from | |
| HotForex accommodates all types of traders despite their trading strategies | |
| Low minimum deposit requirement | |
| Beginner traders and professional investors are both welcome | |
| Educational tools, advanced trading tools, and several other comprehensive solutions are offered | |
| There is a comprehensive market analysis offered | |
| Technical analysis and fundamental analysis offered |
4. Tickmill
Overall Rating
- 4.7/5
Min Deposit
100 USD / 1,862 NAD
Regulators
Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA
Trading Desk
MT4, MT5, Tickmill Mobile
Crypto
Total Pairs
62
Islamic Account
Trading Fees
Account Activation
Overview
👉 Tickmill is a popular MetaTrader broker that is not supervised by the BoN but has a solid reputation among traders.
👉 When it comes to commission fees, the VIP and Pro accounts provide some of the most attractive rates in the industry. On the other hand, Tickmill offers a wide variety of tools for trading and educational purposes.
👉 Tickmill’s high reliability (81%) and user-friendly interface (platforms) make it a safe bet. Due to its large leverage and fast execution rates, it gives Namibian traders a lot of freedom in how they approach their investments.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSA, FCA, CySEC, Labuan FSA, FSCA |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Namibian Traders? | Yes |
| 💳 Minimum deposit (NGN) | 1851 NAD / $100 |
| Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:500 |
| 👥 Customer Support | 24/5 |
| 👉 Open an Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| The broker offers commission-free trading across financial instruments | The broker does not accept clients from the United States and some other regions |
| There are powerful trading platforms to choose from | Fixed spread accounts are not offered |
| The broker is well-regulated in several regions | |
| There is a selection of popular financial instruments that can be traded | |
| There are several advanced trading tools offered |
5. FBS
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
Overview
👉 FBS provides superior trading account options, low costs, and high levels of client security thanks to its in-house developed trading app.
👉 The company has been around since 2009, but its stellar reputation has been earned via more than a decade of international brokerage expertise and the development of ground-breaking trading tools. Proof of its credibility is the daily addition of 10,000 new customers.
👉 Despite the absence of BoN regulation in Namibia, FBS is reliable and effective thanks to the oversight it receives from a wide range of industry bodies in more than 150 nations.
👉 FBS welcomes a wide range of Namibian trading strategies and provides a wealth of teaching resources like live seminars, videos, and written guides.
👉 As an Islamic trading platform that offers a wide variety of assets in Namibia, FBS is a fantastic choice for traders of the Islamic faith.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSCA, IFSC, ASIC, CySEC, DFSA, FCA |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Namibian Traders? | Yes |
| 💳 Minimum deposit (NAD) | 5 USD / 93 NAD |
| Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:3000 |
| 👥 Customer Support | 24/7 |
| 🎉 Trading Platform | FBS Trader, MetaTrader 4, MetaTrader 5, CopyTrade |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FBS offers competitive trading conditions with some of the lowest spreads | There are wide spreads charges on some accounts |
| There are several account types to choose from | There is a limited number of tradable instruments |
| There are many social trading opportunities | There are several regional restrictions applied |
| There is an ultra-low minimum deposit requirement | |
| The broker is well-regulated and trusted |
6. XM
Overall Rating
- 4.7/5
Min Deposit
USD 5 / 97 NAD
Regulators
IFSC, CySec, ASIC
Trading Desk
Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform
Crypto
No
Total Pairs
57
Islamic Account
Trading Fees
No (Just spread)
Account Activation
Overview
👉 XM is a low-cost broker that offers a variety of helpful services and flexible funding options to traders in Namibia. It is a broker that is friendly to both novice and experienced traders due to its adaptable set of features.
👉 XM, which launched in 2009, already serves nearly 200 nations and is available in 30 different languages.
👉 One of the top 50 listed brokers in Namibia, XM has its primary office in Belize and is a well-regulated organisation. XM has a good trust score (84%) and a high overall performance rating (9/10).
👉 XM is an award-winning broker that provides a wide range of trading options, bonus programmes, and VIP treatment for its Namibian traders. Due to its swap-free nature, it is a practical and convenient option for Islamic traders in Namibia.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSCA, IFSC |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Namibian Traders? | Yes |
| 💳 Minimum deposit (NGN) | USD 5 / 97 NAD |
| Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:888 |
| 👥 Customer Support | 24/5 |
| 🎉 Trading Platform | Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Negative balance protection is applied to retail investor accounts | US clients are restricted from accessing XM’s trading services |
| There are several secure payment methods to choose from | There are no fixed spread accounts offered |
| The broker is known for low spreads, low commissions, and reliable trade execution speeds | There is an inactivity fee applied to dormant accounts |
| Traders can use hedging, scalping, and expert advisor trading strategies | |
| The broker offers personal customer service to its clients |
7. CM Trading
Overall Rating
- 4.8/5
Min Deposit
USD100/1,500 NAD
Regulators
FSA
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
154
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 Because of its location in Africa, CM Trading is familiar with the idiosyncrasies of trading in the region. CM Trading has a sizable slice of the Namibian market and a wealth of opportunities for all kinds of trades.
👉 CM Trading has become the largest broker in South Africa thanks to its innovative approach to trading solutions. The BoN in Namibia does not supervise this company, yet the services it provides to Namibian traders are first-rate nevertheless.
👉 CM Trading is one of the largest and most trustworthy companies in the world, and it focuses mostly on African markets because of its high liquidity and dynamic trading procedures.
👉 Anyone, from novices to seasoned pros, can take advantage of the platform’s trustworthiness and industry knowledge. Energy, metals, and agricultural items make up a diverse and useful portfolio of trading assets for swap-free Namibian traders.
Unique Features
| Account Feature | Value |
| 💰 Minimum Deposit | $100/1,922 NAD |
| 📊 Spreads from | Regular spreads |
| ✔️ Demo Account | Yes |
| ✍️ Market Reviews | Yes |
| 📚 Trading e-Books | Yes |
| 🚨 Beginners Video Education Package | Yes |
| 👉 Open an account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| There is a decent range of instruments offered by CM Trading, spread over several markets | There is no NAD-denominated account, which subjects Namibian traders to currency conversion fees |
| There are user-friendly and powerful trading platforms offered | There are deposit and withdrawal fees charged |
| CM Trading offers commission-free trading, with the broker fee worked into the spread | There are inactivity fees charged on dormant accounts |
| There is a daily market analysis offered to help inspire trade ideas for Namibian traders | NAD deposits and withdrawals are not offered |
| There is a decent selection of educational material offered to beginner Namibian traders | |
| CM Trading supports copy trading | |
| There is an Islamic account offered to Muslim traders | |
| CM Trading has an excellent customer support and is a well-regulated, high trust broker |
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, there is a plethora of options for swap-free forex brokers in Namibia, and traders have access to a wide variety of resources. As a result, Islamic traders in Namibia can choose from a number of local forex brokers who provide swap-free accounts.
Frequently Asked Questions
Is a swap-free account Halal?
Yes, Islamic or Swap-Free forex traders account is considered a completely halal account offered to those who cannot receive or pay swaps due to their religious beliefs.
Is swap-free a good thing in Forex?
Swap-free accounts are preferable for Muslim traders because they do not accrue interest. These accounts, the only ones of their kind, have grown in popularity among Muslims due to their lack of interest charges.
How do you avoid swap charges?
Opening a swap-free account, sometimes called an Islamic or Shariah account, which charges a fixed fee rather than swap, is one way to avoid swap in the foreign exchange market. Avoiding the switch in foreign exchange can also be accomplished by closing all active trades prior to the rollover time, which is typically 5pm New York time.
Is using leverage halal?
Yes, trading on leverage is permissible in Islam. Leverage simply refers to the use of debt in order to acquire securities or put into action a particular investment strategy. Furthermore, the leveraged investment must be Shariah-compliant in order to use the trading platform. In general, Islamic law does not prohibit using leverage when trading.
What type of trading is haram in Islam?
The majority of Islamic scholars hold that day trading, options, and futures are all forbidden by sharia.
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