5 Best Forex Brokers in Namibia
Last Update: June 26th, 2024
The 5 Best Forex Brokers in Namibia – Rated and Reviewed. We have listed the Best Forex Brokers accepting traders in Namibia.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Namibia – a List
- Is Forex Trading Legal in Namibia?
- The Best Forex Broker for Beginners
- Low N$ Minimum Deposit Forex Brokers
and much MUCH more!
5 Best Forex Brokers in Namibia – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Traders in Namibia | 💶 Min. Deposit (N$) |
| 🥇 AvaTrade | 👉 Click Here | ✅Yes | 1867,00 |
| 🥈 XTB | 👉 Click Here | ✅Yes | None |
| 🥉 Interactive Brokers | 👉 Click Here | ✅Yes | None |
| 🏅 IC Markets | 👉 Click Here | ✅Yes | 3734,00 |
| 🎖️ eToro | 👉 Click Here | ✅Yes | 186,70 |
5 Best Forex Brokers in Namibia (2024)
- ☑️ AvaTrade – Overall, the Best Forex Broker in Namibia
- ☑️ XTB – High User Trust Score
- ☑️ Interactive Brokers – Best Forex Broker for Established Traders
- ☑️ IC Markets – Excellent Technical Tools
- ☑️ eToro – The Best Forex Broker for Social and Copy Trading
AvaTrade
AvaTrade is amongst the highest regulated and trusted Forex and CFD Brokers. Regulations include ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, and, the JFSA. Accounts include Retail, Islamic, and, Professional. Moreover, a Demo Account is available. The minimum deposit is 100 USD. In addition, notable Factors, Features, and Benefits to consider include:
- An inactivity Fee is Charged
- Demo Account is limited to 21 Days
- Access to a Referal Bonus
- Spreads from 0.6 Pips
- Leverage of up to 1:30 on the Retail Account
Trading Instruments include Forex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Precious Metals, and, CFDs. AvaTrade supports AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, and, ZuluTrade.
| 🔎 Broker | 🥇 AvaTrade |
| 💴 Minimum Deposit | 100 USD |
| 🖱️ Account Types | Retail, Islamic, Professional |
| 🪙 Base Currencies | ZAR, USD, GBP, AUD |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes, referral bonus |
| ⏰ Support Hours | 24/5 |
| 💵 Currency Pairs | 51; Major, Minor, Exotic Pairs |
| 🤝 Affiliate Program | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Over 1,260 instruments | Inactivity fees on dormant accounts |
| Fixed spreads from 0.6 pips on the Pro Account | The demo account is available for 21 days |
| Islamic Account | Deposit and withdrawal options are limited |
| There is a free demo account available | Leverage is capped at 1:30 for retail accounts |
Our Insights
The Benefits of Trading with AvaTrade include Segregated Accounts and secure login procedures.
XTB
XTB is a popular and highly regulated Financial services provider. Regulations include FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, and, the IFSC. Accounts available are Standard, Swap-Free, and, Demo. Moreover, no minimum deposit is required. In addition, notable Factors, Features, and Benefits to consider include:
- Occasional Bonus Offers and Promotions
- USD, EUR, GBP Base Currencies
- Spreads from 0.5 Pips
- Leverage of up to 1:500
- Access to over 50 Currency Pairs
Trading Instruments include Forex, indices, commodities, stocks, ETFs, and, crypto CFDs. XTB supports xStation 5 and xStation Mobile.
| 🔍 Broker | 🥇 XTB |
| 💵 Minimum Deposit | 0 USD |
| 5️⃣ Ease of use Rating | 5/5 |
| 🎁 Bonuses | ✅ Yes |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Islamic Account | Inactivity fee |
| Free Deposit and Withdrawal | High conversion fee |
Our Insights
The benefits of trading with XTB include access to narrow spreads on main currency pairs.
Interactive Brokers
Interactive Brokers is a popular trading platform for experienced traders and investors. Regulations include FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, and, MAS. Accounts available are IBKR Lite and IBKR Pro. Moreover, no minimum deposit is required. In addition, notable Factors, Features, and Benefits to consider include:
- Spreads from 0.6 Pips
- Leverage of up to 1:30
- Access to over 100 Currency Pairs
- No inactivity Fee is Charged
- Scalping and Hedging is Provided
Trading Instruments include Forex, stocks, ETFs, options, futures, indices, mutual funds, cryptocurrencies, metals, and bonds. Interactive Brokers support IBKR Trader WorkStation, IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, and IBKR Impact.
| 🔎 Broker | 🥇 Interactive Brokers |
| 💴 Min. Deposit | None |
| 💶 Inactivity Fee | None |
| 📈 Tradable Assets | Forex, Metals, Futures, ETFs |
| 🪙 Crypto Trading | ✅Yes |
| 📉 MT4 / MT5 | None |
| 📊 Proprietary Platforms | ✅Yes |
| 📲 Mobile App | ✅Yes |
| 🤝 Customer Support | 24/7 |
| ✏️ Education | ✅Yes |
| 📍 Account Types | IBKR Pro and Lite |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low commissions and fees | Intimidating Platform |
| Excellent educational materials | Complex tiered pricing plans |
| Reliable trade execution | Lacking Customer Support |
Our Insights
The benefits of Trading with Interactive Brokers include a secure trading environment with two-factor authentication.
IC Markets
IC Markets is a renowned Forex and CFD Provider. Regulations include ASIC, CySEC, FSA, and, the SCB. Accounts available are cTrader, Raw Spread, and, Standard. Moreover, a Demo Account is available. The minimum deposit is 200 USD. In addition, notable Factors, Features, and Benefits to consider include:
- Copy and Social Trading
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- Over 60 Currency Pairs
Trading Instruments include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures. IC Markets support MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade.
| 🔎 Broker | 🥇 IC Markets |
| 💴 Minimum Deposit | 200 USD |
| 💵 Inactivity Fee | None |
| 📌 Regulation and Licenses | ASIC, CySEC, FSA, SCB |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Affordable forex and CFD trading costs | High minimum deposit requirement |
| Comprehensive education and research | No investor protection for non-EU customers |
Our Insights
The benefits of trading with IC Markets include a trusted selection of deposit options and easy, straightforward withdrawals.
eToro
eToro is a leading social investment and multi-asset brokerage company. Regulations include CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, and, the SIPC. A Standard Retail Account and Proprietary Trading Platform is provided. In addition, notable Factors, Features, and Benefits to consider include:
- Spreads from 1 Pip
- Leverage of up to 1:400
- Over 50 Currency Pairs
- An inactivity Fee is charged
- Access to an Affiliate Program
Trading Instruments include Forex, stocks, crypto (physical), crypto CFDs, indices, commodities, and, ETFs. eToro supports a Proprietary Trading Platform.
| 🔎 Broker | 🥇 eToro |
| 📈 Regulation and Licenses | CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC |
| 📉 Ease of Use | 5/5 |
| 📊 Support Hours | 24/5 |
| 💻 Trading Platforms | eToro platform |
| 💹 Account Types | Standard Retail Account |
| 💴 Base Currencies | USD |
| 🅰️ Spreads | From 1 pip EUR/USD |
| 🅱️ Leverage | 1:400 (eToro Seychelles Ltd) |
| 💶 Currency Pairs | 55; minor, major, exotic pairs |
| 💳 Minimum Deposit | From 10 USD (US) |
| 🚫 Inactivity Fee | 10 USD after 12 months of inactivity |
| 📌 Website Languages | English, Italian, German, etc. |
| 💰 Fees and Commissions | Spreads from 1 pip, zero commission fees |
| 🤝 Affiliate Program | ✅Yes |
| ✖️ Banned Countries | Canada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria |
| 📈 Scalping | None |
| 📉 Hedging | ✅Yes |
| 📊 Trading Instruments | Forex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Social trading | Withdrawal Fee |
| Low trading fees | Inactivity fee |
| Negative balance protection | Conversion fees |
| User-friendly Platform | Single base currency |
Our Insights
Traders interested in Copy and Social Trading will best benefit from eToro.
Is Forex Trading Legal in Namibia?
Forex Trading is Legal and well-regulated by the Namibia Financial Institutions Supervisory Authority (NAMFISA).
The Namibia Financial Institutions Supervisory Authority (NAMFISA)
Namfisa is the independent regulatory institution of the Namibian Financial Markets.
In Conclusion
The Popularity of Forex Trading in Namibia has seen a notable rise amongst young Namibian Professionals. Moreover, Forex Trading in Namibia is Legal, Licensed, and, Regulated by the Namibia Financial Institutions Supervisory Authority (NAMFISA).
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FSCA, IFSC, ASIC, CySEC, DFSA, FCA | USD 5 | Visit Broker |
| 🥉 |  | Read Review | FCA, FSCA, FSC, CMA | USD 10 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker |
| 6 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
Our Insights
While reviewing the Best Forex Brokers that accept Namibian Traders, we found 5 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.
You might also like:
Forex Trading in Namibia is legal and well-regulated.
The Namibia Financial Institutions Supervisory Authority (NAMFISA).
The Namibian Dollar (N$).
The AvaTrade Minimum Deposit is 100 USD.
XTB offers 24/5 Customer Support.
No inactivity Fee is charged.
IC Markets support MetaTrader 4 and MetaTrader 5.
Trading with eToro is commission-free.
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