The 10 Best Forex Brokers in Namibia revealed. We have rated and reviewed the Top Forex Brokers accepting Namibian Traders. This is a complete listing of The 10 Best Forex Brokers in Namibia.
In this in-depth write-up, you will learn:
- The 10 Best Forex Brokers in Namibia.
- How to start forex trading in Namibia.
- Benefits of brokers accepting Namibian Traders.
- Flexible Payment Methods for Namibian Traders.
- Security and Regulation of Brokers.
And lots more…
So, if you’re ready to go “all in” with the 10 Best Forex Brokers in Namibia…
Let’s dive right in.
10 Best Forex Brokers in Namibia in 2025 – A Comparison
| 🔎 Broker | 🤝 Accepts NAM Traders | 🚀 Open an Account | 💴 Min Deposit ($) | 💶 Min Deposit (NAD$) | 💵 Min Deposit (ZAR) |
| 🥇 AvaTrade | ☑️ Yes | 👉 Open Account | $100 USD | NAD 1906,54 | R1898,59 ZAR |
| 🥈 Exness | ✅ Yes | 👉 Open Account | $10 USD | NAD 190,65 | R189,86 ZAR |
| 🥉 XM | ☑️ Yes | 👉 Open Account | $5 USD | NAD 95,33 | R94,93 ZAR |
| 🏅 HFM | ✅ Yes | 👉 Open Account | $0 USD | NAD 0 | R0 ZAR |
| 📌 IG | ☑️ Yes | 👉 Open Account | $0 USD | NAD 0 | R0 ZAR |
| 📍 FBS | ✅ Yes | 👉 Open Account | $1 USD | NAD 19,07 | R18,99 ZAR |
| 📌 Tickmill | ☑️ Yes | 👉 Open Account | $100 USD | NAD 1906,54 | R1898,59 ZAR |
| 📍 Trade Nation | ✅ Yes | 👉 Open Account | $0 USD | NAD 0 | R0 ZAR |
| 📌 Alpari | ☑️ Yes | 👉 Open Account | $5 USD | NAD 95,33 | R94,93 ZAR |
| 📍JustMarkets | ✅ Yes | 👉 Open Account | $10 USD | NAD 190,65 | R189,86 ZAR |
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
10 Best Forex Brokers in Namibia (2025)
- ☑️Avatrade – Overall, the Best Broker in Namibia.
- ☑️Exness – Globally recognized forex and CFD broker.
- ☑️XM – Most used Broker in Namibia.
- ☑️HFM – Best Broker for Beginners.
- ☑️IG – Low NAD$ Minimum Deposit.
- ☑️FBS – Best Online Trading Experience.
- ☑️Tickmill – Lowest Overall Costs in Namibian Dollar.
- ☑️Trade Nation – Approved by the Central Bank of Namibia.
- ☑️Alpari – Offer flexibility in trading styles.
- ☑️JustMarkets – Known for extensive educational resources.
1. AvaTrade
Overall, Avatrade is a safe and trustworthy broker with a user-friendly copy trading platform. The FSCA licenses Avatrade. The broker will offer Namibian Traders access to an Impressive range of tradeable assets.
The company’s administrative headquarters are in Dublin, with sales centers in Dublin, Paris, Milan, Sydney, Tokyo, Madrid, Mongolia, Beijing, Nigeria, Santiago, and Johannesburg. AvaTrade is regulated in Europe, the British Virgin Islands, Australia, Japan, and South Africa.
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Features
| 🔎Broker | AvaTrade |
| Company Information | |
| 📅Year Founded | 2006 |
| 🧑🏻💻Amount of staff | 614 |
| 👩💻Amount of active traders | 300,000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | CBI, BVI FSC, ASIC, FSCA, ADGM, FRSA, ISA |
| 🌎Country of regulation | Ireland, Australia, Japan, South Africa, Abu Dhabi, British Virgin Islands, European Union, Polish Branch. |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes, Up to €20,000 under CySEC Investor Compensation Fund (ICF) (for EU clients) | * Up to AUD$250,000 under ASIC Client Money Protection Scheme (CMPS) (for Australian clients) | |
| Account Types and Features | |
| ➕Accounts | Standard Account, Retail Islamic account, Professional account |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | AvaTrade offers copy trading (AvaSocial) but doesn't directly manage accounts. |
| 📇Minor account currencies | AUD, JPY, GBP, USD, EUR, CHF |
| 💰Minimum Deposit | $100 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-3 business days |
| 🪙Fund Withdrawal Fee | Free up to a certain amount |
| 📊Spreads from | 0.7 pips |
| 💸Commissions | No |
| 💱Number of base currencies supported | Over 50 |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 400:1 |
| 📏Margin requirements | 0.50% |
| ☪️Islamic account (swap-free) | Yes, available upon request |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 1,250+ |
| 🗠CFD Stock Indices | Major global indices (e.g., US 30, FTSE 100, DAX 30) |
| ⚖️CFD Commodities | Precious metals (gold, silver), Energy (oil, gas), Agricultural (wheat, corn) |
| 📜CFD Shares | Thousands of shares from various global exchanges (US, Europe, Asia) |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/debit cards, bank transfers, electronic wallets. |
| 💵Withdrawal Options | Must be sent via the same payment method used for deposit |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4) * MetaTrader 5 (MT5) * AvaTrade WebTrader * AvaTrade Mobile App * AvaOptions (for options trading) * DupliTrade & ZuluTrade (for copy trading) |
| 👩💻OS Compatibility | Windows, macOS, Web, Mobile (Android, iOS) |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/7 |
| 📱Customer Support email address | Online email on website |
| 📞Customer Support Contact Number | +447520644093 |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | Over 14 languages, including English, Spanish, French, German, Italian, Arabic, Russian, Portuguese |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 70 000 |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes |
| 👉Open Account | Open Account |
Asset Classes
| 📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
| 💱Forex | EUR/USD | 0.7 pips | N/A | N/A |
| ➡️Indices | US 30 (Dow Jones) | 3.0 points | 4.0 points | N/A |
| 🪙Commodities | Gold (XAU/USD) | $0.80 | N/A | N/A |
| 📜Stock | Apple (AAPL.US) | 0.02% | 0.05% | Above 0.10% |
| 💵Cryptocurrency | Bitcoin (BTC) | 0.50% | 1.00% | Above 2.00% |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Easy Account opening | Limited product portfolio |
| No withdrawal fee | Administration fee |
| Low trading fees | Inactivity fee |
| Negative balance protection | Not listed on stock exchange |
Our Findings
If you want to start trading online, AvaTrade is one option. It is seen as an all-encompassing platform for forex and CFD trades on the internet, which may appeal to both newcomers and seasoned players in this field.
Is AvaTrade regulated in Namibia?
While AvaTrade may not have a specific license in Namibia, it is regulated by several international financial authorities, including the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC). This provides a certain level of protection for traders.
Can you trade stocks on Avatrade in South Africa?
Exness
Exness is a regulated forex broker offering Namibian traders competitive spreads, high leverage up to 1:2000, and user-friendly platforms like MT4/MT5. It supports multiple payment methods, including local options, and provides 24/7 customer support.
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Platform
MT4, MT5, WebTerminal, Exness Terminal
Crypto
Yes
Features
| 🔎Broker | Exness |
| Company Information | |
| 📅Year Founded | 2008 |
| 🧑🏻💻Amount of staff | Over 2,100 |
| 👩💻Amount of active traders | Over 320,000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
| 🌎Country of regulation | Cyprus |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Standard, Raw Spread, Standard Cent, Zero, Pro |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes |
| 📇Minor account currencies | EUR/USD & USD/JPY |
| 💰Minimum Deposit | $10 |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Instant to 1 business day |
| 🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
| 📊Spreads from | 0.3 pips |
| 💸Commissions | Varies by account type, often commission-free |
| 💱Number of base currencies supported | +40 |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 1:2000 |
| 📏Margin requirements | 50% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 200 |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.) |
| 💵Withdrawal Options | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.) |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Exness Trade |
| 👩💻OS Compatibility | Windows, macOS, iOS, Android |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/7 |
| 📱Customer Support email address | support@exness.com |
| 📞Customer Support Contact Number | +35725030959 |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | 15 Languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 64 000 |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, sponsorship agreement with LALIGA, the top professional football division in Spain |
| 🪙Rebate program | Yes |
| 👉Open Account | 👉Open Account |
Asset Classes
| 📊Asset Class | 📈Spread Type | ⚖️Typical Spread | 🔎Raw Spread Commission |
| 💱Forex (EUR/ZAR) | Standard/Raw Spread | Variable (from 0.9 pips) | N/A |
| ➡️CFD Indices (S&P 500) | Standard/Raw Spread | Variable (from 1.0 pip) | N/A |
| 📜CFD Stocks (Apple) | Variable (from 0.03 USD) | N/A | |
| 🪙CFD Commodities (Gold) | Variable (from $3.2) | N/A | |
| 💵CFD Cryptocurrencies (Bitcoin) | Variable (from 25 USD) | Commission-based |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Exness is well-regulated and keeps all client funds in segregated accounts with top-tier institutions | There is a limited portfolio of financial instruments offered |
| Traders can choose between several retail investor accounts | Exness offers a limited number of payment methods that can be used for deposits and withdrawals |
Our Findings
Exness is a reliable forex broker for Namibian traders, offering competitive spreads, high leverage up to 1:2000, as well as popular trading platforms, such as MT4 and MT5. The payment methods it accepts include local and round-the-clock customer support.
Does Exness offer educational resources for Namibian traders?
Yes, Exness offers a range of educational resources, including webinars, trading guides, and market analysis, to help Namibian traders improve their skills and knowledge.
What trading platforms are available to Namibian traders?
Exness offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are available on both desktop and mobile devices, providing flexibility for Namibian traders.
XM
XM Group is not publicly traded but is authorized by regulators (high trust). Best of all, XM is available in 40+ languages. XM is recommended for beginner traders in Namibia as it only requires a low minimum deposit and comprehensive educational materials.
Min Deposit USD 5 Regulators FSC, CySEC, ASIC, Trading Platform MT4, MT5
Features
| 🔎Broker | 🥇XM |
| Company Information | |
| 📅Year Founded | 2009 |
| 🧑🏻💻Amount of staff | 450+ |
| 👩💻Amount of active traders | Over 5 million |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSC, CySEC, ASIC, |
| 🌎Country of regulation | Australia, Cyprus, Belize |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | ICF (Investor Compensation Fund) |
| Account Types and Features | |
| ➕Accounts | Standard, Raw Spread, Standard Cent, Zero, Pro |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes |
| 📇Minor account currencies | USD, EUR, GBP, AUD, ZAR |
| 💰Minimum Deposit | $5 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-3 business days |
| 🪙Fund Withdrawal Fee | None |
| 📊Spreads from | 0.6 pips |
| 💸Commissions | None |
| 💱Number of base currencies supported | 11 |
| 🚀Swap Fees | Applicable |
| 📈Leverage | Up to 1:1000 |
| 📏Margin requirements | Varies by asset and region |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | 0.01 seconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | 1,000+ |
| 🗠CFD Stock Indices | 30+ |
| ⚖️CFD Commodities | 15+ |
| 📜CFD Shares | 1,200+ |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
| 💵Withdrawal Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MT4, MT5, XM WebTrader |
| 👩💻OS Compatibility | Windows, macOS, Android, iOS |
| 🖥️Forex trading tools | Trading signals, indicators, VPS |
| Customer Support | |
| 🗣️Live chat availability | Yes |
| 📱Customer Support email address | support@xm.com |
| 📞Customer Support Contact Number | +357 25029933 |
| 👾Social media Platforms | Facebook, Twitter, Instagram, YouTube |
| 🗣️Languages supported on Website | 25+ |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes (in multiple languages) |
| 📚Educational Resources | Articles, tutorials, videos, webinars |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Over 5,000 |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, sponsorship agreement with LALIGA, the top professional football division in Spain |
| 🪙Rebate program | Yes |
| 👉Open Account | 👉 Open Account |
Asset Classes
| 📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
| 💱Forex | EUR/USD | 0.1 pips | 0.3 pips | 1.0 pips |
| 🪙Commodities | Gold (XAU/USD) | $0.20 | $0.50 | $2.00 |
| ➡️Equity Indices | US 30 (Dow Jones) | 0.5 pts | 1.0 pts | 3.0 pts |
| 📜Stocks | Apple (AAPL.US) | $0.01 | $0.02 | $0.05 |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Access to a wide range of flexible funding methods | US clients are not accepted |
| Supports several trading strategies and styles with innovative technical indicators that can be used | Fixed spreads are not offered |
| Negative balance protection is provided | Inactivity fees are charged |
Our Findings
XM is a well-regulated forex and CFD broker that offers favorable conditions for Namibian traders. It is regulated by top authorities such as CySEC and ASIC, ensuring a secure trading environment. XM provides various account types, with a low minimum deposit starting at $5 and leverage up to 1:888, making it accessible to both beginner and experienced traders.
Which trading platforms does XM support?
XM supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both of which are popular among traders globally. XM also offers a web-based trading platform for easy access.
What payment methods can Namibian traders use to deposit and withdraw funds?
Namibian traders can use several payment methods, including credit/debit cards, e-wallets (Skrill, Neteller), and bank wire transfers. XM offers free withdrawals for most methods.
HFM
HFM, formerly HotForex, is a trustworthy and safe broker with 24/5 educational support. HFM is recommended for Namibian Brokers who are familiar with the financial markets.
Min Deposit
USD 0 / ZAR 0
Regulators
FSCA, DFSA, FSC, CMA. FCA
Trading Platform
MT4, MT5, HFM Platform
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
No Trading Fees
Account Activation
24 Hours
Features
| 🔎Broker | HFM |
| Company Information | |
| 📅Year Founded | 2010 |
| 🧑🏻💻Amount of staff | 500+ |
| 👩💻Amount of active traders | 300,500 000 mil |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSCA, CySEC, FCA, DFSA, FSA, CMA |
| 🌎Country of regulation | UK, South Africa, Cyprus |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Premium Account, Zero Spread Account, Pro Account, HFcopy Account |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Not offered |
| 📇Minor account currencies | AUD, GBP, USD, EUR, CAD, CHF, JPY, SGD, HUF, PLN, NZD, ZAR |
| 💰Minimum Deposit | $0 USD / 0 ZAR |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-3 business days |
| 🪙Fund Withdrawal Fee | Free up to a certain amount |
| 📊Spreads from | 0.1 pips |
| 💸Commissions | No |
| 💱Number of base currencies supported | Over 50 |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | 1:30 |
| 📏Margin requirements | 0.50% |
| ☪️Islamic account (swap-free) | Yes, available upon request |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 500+ |
| 🗠CFD Stock Indices | Yes, HFM offers CFDs on major global stock indices, including US30 (Dow Jones), UK100 (FTSE), and many more. |
| ⚖️CFD Commodities | Yes, HFM provides CFDs on a variety of commodities, including Gold, Oil, and others. |
| 📜CFD Shares | Yes, HFM allows trading CFDs on a selection of popular company shares, such as Amazon and Meta. However, the total number of individual stock CFDs may be limited compared to specialized stock brokers. |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/debit cards, bank transfers, electronic wallets. |
| 💵Withdrawal Options | Must be sent via the same payment method used for deposit |
| Trading Platforms and Tools | |
| 💻Trading Platforms | HFM Platform, MT4 |
| 👩💻OS Compatibility | Windows, macOS, Web, Mobile (Android, iOS) |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/5 |
| 📱Customer Support email address | support.za@hfm.com |
| 📞Customer Support Contact Number | +27-104 439 924 |
| 👾Social media Platforms | Facebook, Twitter, |
| 🗣️Languages supported on Website | 27 languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes, HFM offers a multi-award winning affiliate program with competitive commissions, marketing tools, and dedicated support. |
| 👨🏫Amount of partners | 41 000 |
| 📋IB Program | Yes, HFM has a dedicated IB (Introducing Broker) program with custom solutions for introducing new clients. |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes |
| 👉Open Account | 👉Open Account |
Asset Classes
| 📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
| 💱Forex | EUR/USD, GBP/USD | 0.1 pips (Zero Account) | 1.3 pips (Premium Account) | 3+ pips (Exotic pairs) |
| ➡️Indices | US30 (Dow Jones), UK100 (FTSE) | 0.8 pts | 2 pts | 5+ pts (Volatility or illiquid markets) |
| 🪙Commodities | Gold (XAU/USD), Oil (USOIL) | 0.2 pips | 0.8 pips | 2+ pips (Lower liquidity periods) |
| 💵Cryptocurrencies | Bitcoin (BTC/USD), Ethereum (ETH/USD) | Varies | 3 pips | 10+ pips (Low liquidity coins) |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Test Trading Skills | Does not fully simulate real trading conditions |
| Test Broker before sign up to live account | Can breed negative habits |
| Test Trading strategies | Three entities in offshore zones |
Our Findings
HFM (formerly HotForex) is a well-regulated broker offering trading services to Namibian traders, with licenses from multiple global regulators, including CySEC and FCA. It provides a variety of account types such as Micro, Premium, and Zero accounts, catering to different trading styles, with a low minimum deposit requirement starting from $5.
Is HFM regulated in Namibia?
HFM is not specifically regulated by Namibian authorities. However, it is regulated by reputable financial bodies such as the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Commission (FSC) in Mauritius, and South Africa’s FSCA. These licenses provide Namibian traders with confidence in the broker’s legal and financial operations.
Can you use Namibian payment methods to deposit or withdraw funds?
Yes, HFM offers a wide range of deposit and withdrawal methods, including options that are accessible to Namibian traders such as bank transfers, credit/debit cards, and e-wallets like Skrill, Neteller, and WebMoney.
IG Group
Overall, IG is a trustworthy broker that provides user-friendly trading conditions and quality educational material. It is a low-risk option that is an excellent fit for pro traders. IG is best suited to traders in Namibia who are interested in a broker with competitive pricing.
Min Deposit
USD 0
Regulators
FCA, BaFin, FINMA, DFSA, MAS, ASIC, FSCA
Trading Platform
MT4
Crypto
Yes
Total Pairs
80
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Features
| 🔎Broker | IG |
| Company Information | |
| 📅Year Founded | 1974 |
| 🧑🏻💻Amount of staff | Over 1,000 |
| 👩💻Amount of active traders | Over 239,000 |
| 🌐Publicly Traded (Listed Company) | Yes, listed on the London Stock Exchange (LSE) |
| Regulation and Security | |
| 🛡️Regulation | Regulated by multiple financial authorities including FCA (UK), ASIC (Australia), and others |
| 🌎Country of regulation | South Africa, United States, UK |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes (under FCA and ASIC regulations) |
| Account Types and Features | |
| ➕Accounts | Institutional and Retail corporate clients |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | No |
| 📇Minor account currencies | USD, EUR, GBP, AUD, CAD, JPY, and others |
| 💰Minimum Deposit | $0 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-3 business days |
| 🪙Fund Withdrawal Fee | No |
| 📊Spreads from | 0.6 pips |
| 💸Commissions | Variable |
| 💱Number of base currencies supported | Over 50 |
| 🚀Swap Fees | Yes (varies by account type) |
| 📈Leverage | Up to 200:1 |
| 📏Margin requirements | From 0.5% for forex, 5% for shares and margin factor for indices |
| ☪️Islamic account (swap-free) | No |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | < 1 second |
| 📆VPS Hosting | No |
| Trading Instruments | |
| 🧾CFDs-Total Offered | 16000+ |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Bank transfer, credit/debit cards, e-wallets |
| 💵Withdrawal Options | Bank transfer, credit/debit cards, e-wallets |
| Trading Platforms and Tools | |
| 💻Trading Platforms | IG Trading Platform, MetaTrader 4, |
| 👩💻OS Compatibility | Windows, macOS, Web, Mobile (Android, iOS) |
| 🖥️Forex trading tools | Trading signals, economic calendar, charting tools |
| Customer Support | |
| 🗣️Live chat availability | Yes |
| 📱Customer Support email address | newaccounts.za@ig.com. |
| 📞Customer Support Contact Number | 010 500 8624 |
| 👾Social media Platforms | Facebook, Twitter, |
| 🗣️Languages supported on Website | English, Spanish, Chinese, and others |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Trading Academy, webinars, market analysis |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Not specified |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | No |
| 👉Open Account | 👉 Open Account |
Asset Classes
| 📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
| 💱Forex | EUR/USD | 0.6 pips | 1.0 pips | 2.0 pips |
| ➡️Indices (in-hours) | US 100 (Wall Street) | 0.8 points | 1.0 point | 1.5 points |
| ⬅️Indices (out-of-hours) | Germany 40 (out-of-hours) | 5 points | N/A | N/A |
| 📜Stocks | Apple (US) | No commission | 0.10% | 0.15% |
| 🪙Commodities | Gold | $0.3 pips | $0.80 | $1.50 |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Used by 180,000+ traders | Inactivity Fee |
| Established in 1974 | Limited range of instruments |
Our Findings
IG Group is a legal broker, which allows Namibia traders to trade in different markets such as forex, stocks, and commodities among others. It provides competitive spreads, leverage up to 1:200, and sophisticated trading platforms, backed with quality education and customer services.
Can I trade with IG Group using Namibian dollars (NAD)?
IG Group does not offer Namibian dollars as a base currency for trading accounts. However, Namibian traders can deposit in major currencies like USD, EUR, or GBP and trade on the platform in those currencies.
How can I contact IG Group’s customer support from Namibia?
Namibian traders can contact IG Group’s customer support via live chat, phone, or email. The support team is available 24/5 and offers assistance in multiple languages.
FBS
Overall, FBS is considered a low-risk and can be summarised as trustworthy and reliable. Regarding trading conditions, FBS offers a user-friendly trading environment with low spreads and high leverage. Namibian traders interested in the best online trading experience can open an account with FBS.
Min Deposit
USD $5
Regulators
FSC, ASIC, CySEC
Trading Platform
MT4, MT5, FBS App
Crypto
Yes
Over 27 000 000+ Traders
Features
| 🔎Broker | FBS |
| Company Information | |
| 📅Year Founded | 2009 |
| 🧑🏻💻Amount of staff | 150+ |
| 👩💻Amount of active traders | 16 million+ |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSC, ASIC, CySEC |
| 🌎Country of regulation | Belize, Cyprus |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | ICF (for EU clients) |
| Account Types and Features | |
| ➕Accounts | cTrader, Raw Spread, standard |
| 💳Institutional Accounts | No |
| 👨💼Managed Accounts | Yes (PAMM) |
| 📇Minor account currencies | USD, EUR, GBP, THB |
| 💰Minimum Deposit | $5 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 15 minutes to 24 hours |
| 🪙Fund Withdrawal Fee | Varies based on payment method |
| 📊Spreads from | From 0.0 pips |
| 💸Commissions | From $6 per lot (ECN Account) |
| 💱Number of base currencies supported | 6 |
| 🚀Swap Fees | Applicable (except Islamic accounts) |
| 📈Leverage | Up to 1:3000 |
| 📏Margin requirements | Varies based on asset |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | 0.2 seconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | 200+ |
| 🗠CFD Stock Indices | 5 |
| ⚖️CFD Commodities | 6 |
| 📜CFD Shares | 100+ |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller) |
| 💵Withdrawal Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller) |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MT4, MT5, FBS Trader App |
| 👩💻OS Compatibility | Windows, macOS, Android, iOS |
| 🖥️Forex trading tools | Economic calendar, market analysis, VPS, calculators |
| Customer Support | |
| 🗣️Live chat availability | Yes |
| 📱Customer Support email address | support@fbs.com |
| 📞Customer Support Contact Number | +357 25 313540 |
| 👾Social media Platforms | Facebook, Instagram, Twitter, YouTube |
| 🗣️Languages supported on Website | 18+ Languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Articles, videos, tutorials, webinars |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 18,000+ |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, the Qatar Economic Forum 2025 |
| 🪙Rebate program | Yes |
| 👉Open Account | 👉 Open Account |
Asset Classes
| 📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
| 💱Forex | EUR/USD | 0.1 pips | 0.5 pips | 1.0 pips |
| ➡️Indices | S&P 500 | 0.4 pts | 1.0 pts | 2.0 pts |
| 🪙Commodities | Gold | $0.10/oz | $0.30/oz | $0.50/oz |
| 📜Stocks | Apple Inc. | $0.05% | $0.10% | $0.20% |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low stock and stock index CFD fees | Slim product portfolio |
| No inactivity fee | Limited account base currencies |
| Fast account opening | Limited Investor Protection |
Our Findings
FBS is a globally regulated forex broker offering Namibian traders low minimum deposits, up to 1:2,000 leverage, and different account types. It offers valuable features such as competitive spreads, local deposits, MetaTrader platforms, 24/7 multilingual customer support, and education.
What account types does FBS offer to Namibian traders?
FBS offers several account types, including Cent, Micro, Standard, Zero Spread, and ECN accounts, catering to both beginners and experienced traders.
Does FBS offer high leverage for Namibian traders?
Yes, FBS provides leverage up to 1:3000, allowing traders to maximize their trading potential.
Tickmill
Overall, Tickmill is competitive in terms of its trading fees and spreads. Tickmill can be summarised as a safe and credible regulated broker with a trust score of 97 out of 99 (High Trust). Tickmill offers Namibian Traders free deposits and withdrawals with no hidden fees.
Min Deposit
USD 100
Regulators
CySEC, FCA, FSA, FSCA
Trading Platform
MT4, MT5, Tickmill Trader
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Features
| 🔎Broker | Tickmill |
| Company Information | |
| 📅Year Founded | 2014 |
| 🧑🏻💻Amount of staff | 441 |
| 👩💻Amount of active traders | Over 400 000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSA, FCA, CySEC, Labuan FSA, FSCA |
| 🌎Country of regulation | Seychelles, UK, Cyprus, Malaysia, South Africa |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Plus account and Raw account |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes |
| 📇Minor account currencies | USD, EUR, GBP, ZAR |
| 💰Minimum Deposit | $100 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Instant to 1 business day |
| 🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
| 📊Spreads from | 0.0 pips |
| 💸Commissions | Varies by account type, often commission-free |
| 💱Number of base currencies supported | 4 |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 1:1000 |
| 📏Margin requirements | 50% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes, for an additional fee |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 725 |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT) |
| 💵Withdrawal Options | Credit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT) |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), MetaTrader WebTrader, MetaTrader for Mac, Tickmill Mobile App |
| 👩💻OS Compatibility | Windows, macOS, iOS, Android |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/5 |
| 📱Customer Support email address | support@tickmill.com |
| 📞Customer Support Contact Number | South Africa: +278 7250 0696 International: +852 5808 7849 |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | 17 Languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 9000+ |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes |
| 👉Open Account | Open Account |
Asset Classes
| 📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
| 💱Forex | EUR/USD | 0.0 pips | 0.1 pips | 0.4 pips |
| ➡️IndicesIndices | UK100 | 0.8 points | 1.0 points | 1.5 points |
| 🪙Commodities | XAU/USD (Gold) | 0.1 pips | 0.2 pips | 0.4 pips |
| 💵Cryptocurrency | BTC/USD | 25.0 points | 30.0 points | 40.0 points |
| 📜Stock | AAPL | 0.4 pips | 0.6 pips | 1.0 pips |
| 💡Bonds | DE10Y (German Bund) | 0.0 pips | 0.2 pips | 0.5 pips |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Tickmill is well-regulated in several regions, including South Africa | Tickmill has limited deposit currencies |
| The withdrawal process can take up to 24 hours | Tickmill’s withdrawal terms and conditions are strict |
Our Findings
Tickmill offers Namibian traders competitive spreads, zero-commission accounts, and flexible leverage up to 1:500. Having drawn up good regulation status, instant order processing, and multiple deposit options, it fits the needs of newcomers and experienced traders for affordable, efficient trading platforms.
Can Namibian traders use NAD for deposits?
Tickmill primarily accepts deposits in major currencies like USD, EUR, and GBP. However, Namibian traders can deposit in NAD through third-party payment providers that convert it to a supported currency.
Does Tickmill offer negative balance protection?
Yes, Tickmill provides negative balance protection, ensuring traders cannot lose more than their account balance.
Trade Nation
Overall, Trade Nation is considered a low-to-medium risk broker with an overall trust score of 79 out of 99. Trade Nation can be summarised as trustworthy, reliable, regulated, and licensed by the FCA, ASIC, FSCA, and SCB (high trust). Trade Nation is an excellent choice for Beginner Namibian Traders who wish to learn about the Forex Markets.
Min Deposit
USD 0
Regulators
FCA, ASIC, FSCA, SCB, FSA
Trading Platform
MT4, Trade Nation Platform
Crypto
Yes
Total Pairs
33
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Features
| 🚀 Broker's name | Trade Nation |
| 📍 Headquarters | London, England |
| 📅 Year founded | 2014 |
| ✔️ Regulating authorities | FCA, ASIC, FSCA and SCB |
| ❌ Countries not accepted for trade | US, Canada, Belgium, New Zealand, Algeria, Iran, Syria, or North Korea. |
| 📈 Demo account | Yes |
| 📈 Islamic account (swap free) | No |
| 📈 Institutional accounts | Yes |
| 📈 Managed accounts | Yes |
| 📊 Maximum leverage | 1:500 Seychelles |
| 💳 Minimum deposit | $0 / No minimum deposit |
| 💳 Deposit options | Credit Card, Visa, Mastercard, Wire Transfer, Skrill, Crypto deposits |
| 💳 Withdrawal options | Credit Card, Visa, Mastercard, Wire Transfer, Skrill |
| 📈 Platform(s) provided | MT4, CoreTrader2 |
| 📱 OS compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad. |
| 💰 Tradable assets offered | Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds |
| 📙 Languages supported on the website | English |
| ☎️ Customer support languages | English |
| ☎️ Customer service hours | 24/5 |
| 🚀 Open an account | 👉 Click Here |
Asset Classes
| 📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
| 💱Forex | EUR/USD | 0.6 pips | 1.2 pips | 2.0 pips |
| ➡️IndicesIndices | US 500 | 0.4 points | 0.6 points | 1.0 points |
| 🪙Commodities | Gold | 0.3 points | 0.5 points | 0.8 points |
| 💵Cryptocurrency | Bitcoin/USD | 0.5% | 0.75% | 1.2% |
| 📜Stock | Apple Inc. | 0.1% of market price | 0.2% of market price | 0.3% of market price |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Good customer support is provided | High forex fees are applicable |
| Good research and education tools provided | Traders may find educational options that are less targeted to local market needs |
| No inactivity fees charged | Not a large product portfolio |
Our Findings
Trade Nation offers Namibian traders low spreads, no hidden fees, and a user-friendly trading platform. With regulated operations and access to various CFDs, including Forex, commodities, and indices, it ensures transparency, making it a reliable option for traders in Namibia.
What trading instruments are available for Namibian traders?
Namibian traders can access a wide range of CFDs, including Forex, commodities, indices, shares, and cryptocurrencies, all with competitive spreads.
Does Trade Nation offer a demo account?
Yes, Trade Nation provides a free demo account with virtual funds, allowing traders to practice and familiarize themselves with the platform before trading real money.
Alpari
Alpari is a well-established forex and CFD broker that has been operating since 1998. It offers a variety of trading services and platforms to clients worldwide, including those in Namibia.
Min Deposit
USD 5
Regulators
FSC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Features
| 🔎 Broker | 🥇Alpari |
| Company Information | |
| 📅Year Founded | 1998 |
| 🧑🏻💻Amount of staff | Over 500 |
| 👩💻Amount of active traders | Over 1,000,000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSC |
| 🌎Country of regulation | Mauritius |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Standard, ECN, Pro |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes |
| 📇Minor account currencies | USD, EUR, GBP, JPY, AUD, CAD, CHF, SGD, NZD, RUB |
| 💰Minimum Deposit | $100 / R1806 |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Fast and efficient |
| 🪙Fund Withdrawal Fee | No Fees |
| 📊Spreads from | 0.1 pips |
| 💸Commissions | Varies based on account type |
| 💱Number of base currencies supported | 10+ |
| 🚀Swap Fees | Applicable |
| 📈Leverage | Up to 1:500 |
| 📏Margin requirements | Vary based on instrument and account type |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Fast execution |
| 📆VPS Hosting | Available |
| Trading Instruments | |
| 🧾CFDs-Total Offered | 200+ |
| 🗠CFD Stock Indices | 20+ |
| ⚖️CFD Commodities | 15+ |
| 📜CFD Shares | 100+ |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/debit cards, wire transfer, e-wallets |
| 💵Withdrawal Options | Credit/debit cards, wire transfer, e-wallets |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4, MetaTrader 5 |
| 👩💻OS Compatibility | Windows, Mac, Android, iOS |
| 🖥️Forex trading tools | Economic calendar, charting tools, news feed |
| Customer Support | |
| 🗣️Live chat availability | 24/5 |
| 📱Customer Support email address | customersuppport@alpari.org |
| 📞Customer Support Contact Number | +44 20 3137 5757 |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | English, Russian, Spanish, Arabic, Chinese, and more |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Articles, tutorials, guides |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Over 10,000 |
| 📋IB Program | Yes |
| 🪙Rebate program | Yes |
| 👉Open Account | Open Account |
Asset Classes
| 📜 CFD Type | ⚖️ Example Instrument | 📊 Tight Spreads | ♒ Average Spreads | 〰️ Wide Spreads |
| 💱Forex | EUR/USD | 0.1 pips | 1.2 pips | 2.5 pips |
| ➡️IndicesIndices | S&P 500 | 0.3 points | 0.8 points | 1.5 points |
| 🪙Commodities | Gold (XAU/USD) | 0.2 pips | 1.5 pips | 3.0 pips |
| 💵Cryptocurrency | Bitcoin (BTC/USD) | 10 pips | 30 pips | 60 pips |
| 📜Stock | Apple Inc. (AAPL) | 0.2% | 0.4% | 0.6% |
| 📌Metals | Silver (XAG/USD) | 0.3 pips | 2.0 pips | 4.0 pips |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low minimum deposit | Limited educational resources |
| Best Broker for copy trading accounts | Lack of resource tools |
| A diverse selection of tradeable assets | High fees |
| Demo accounts and social trading available for the beginner trader | Withdrawal fees |
Our Findings
Alpari presents a viable option for Namibian traders seeking a broker with a low minimum deposit, high leverage options, and a variety of account types.
What types of trading accounts are available for Namibian traders?
Alpari offers several account types, including:
- Forex Standard Account
- Forex Micro Account
- Forex ECN Account
- Forex Pro Account
This variety allows traders to choose an account that best suits their trading needs.
How can I deposit and withdraw funds with Alpari from Namibia?
Alpari supports various deposit and withdrawal methods, including bank transfers and electronic payment systems. While specific local solutions for Namibia are not detailed, traders can use international methods available on the platform.
JustMarkets
Through its extensive regulatory compliance, the broker has developed a solid framework for safety and security. This multi-jurisdictional regulation assures that the broker follows strict international and local financial practices and transparency norms.
Min Deposit
USD 10
Regulators
FSA, CySEC, FSCA, FSC
Trading Platform
MT4, MT5, MT4/5 WebTrader, mobile (iOS & Android)
Crypto
No
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Features
| 🔎 Broker | 🥇 JustMarkets |
| 🗓Year Founded | 2019 |
| 👥Amount of Staff | Information not publicly disclosed |
| 🧑🏽🤝🧑🏽Amount of Active Traders | Information not publicly disclosed |
| 📌Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | Regulated by multiple authorities |
| 🏦Country of Regulation | Belize, Vanuatu |
| 💴Account Segregation | Yes |
| 🔑Negative Balance Protection | Yes |
| 📑Investor Protection Schemes | Not specified |
| Account Types and Features | |
| 👤Institutional Accounts | No |
| 📒Managed Accounts | No |
| 📋Minor Account Currencies | Multiple including USD, EUR, GBP, JPY, AUD, etc. |
| 🪙Minimum Deposit | USD 10 / 180 ZAR |
| Trading Conditions | |
| 💷Average Deposit/Withdrawal Processing Time | 1-3 business days for withdrawals |
| 💵Fund Withdrawal Fee | Varies by payment method and region |
| 📉Spreads From | 0.0 pips |
| 📈Commissions | Varies by account type and instrument |
| 💹Number of Base Currencies Supported | 20+ |
| 📊Swap Fees | Varies by instrument and account type |
| ↪️Leverage | Up to 1:1000 |
| 📌Margin Requirements | Varies by instrument and account type |
| ☪️Islamic Account (Swap-Free) | Yes |
| 🆓Demo Account | Yes |
| ⏰Order Execution Time | 0.1-0.3 seconds |
| 📲VPS Hosting | Available upon request |
| Trading Instruments | |
| 📍CFDs-Total Offered | 1,000+ |
| 📍CFD Stock Indices | Yes |
| 📍CFD Commodities | Yes |
| 📍CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Bank transfer, credit/debit cards, e-wallets |
| 🪙Withdrawal Options | Bank transfer, credit/debit cards, e-wallets |
| Trading Platforms and Tools | |
| 🖥️Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| 📱OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️Forex Trading Tools | Economic calendar, trading calculators, charting tools |
| Customer Support | |
| 🗣️Live Chat Availability | Yes |
| 📧Customer Support Email Address | support@justmarkets.com |
| 📞Customer Support Contact Number | Varies by region |
| 🖥Social Media Platforms | Facebook, Twitter, LinkedIn, |
| 🔖Languages Supported on JustMarkets Website | 10+ |
| Educational Resources and Support | |
| 📜Forex Course | No |
| 🖥Webinars | Yes |
| 📚Educational Resources | Articles, guides, and videos |
| Partnerships and Programs | |
| 🤝Affiliate Program | Yes |
| 👥Amount of Partners | Varies |
| 🗂IB Program | Yes |
| ❓Do They Sponsor Any Notable Events or Teams? | Not specified |
| ✅Rebate Program | No |
| 🚀 Open a account | 👉 Open Account |
Asset Classes
| 📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
| 💱Forex | EUR/USD | 0.0 pips | 0.6 pips | 1.2 pips |
| ➡️Indices | S&P 500 | 0.5 pips | 1.0 pips | 2.0 pips |
| 📜Stocks | Apple (AAPL) | 0.3 pips | 0.5 pips | 1.0 pips |
| 🪙Commodities | Gold (XAU/USD) | 0.1 pips | 0.3 pips | 0.8 pips |
| 💰Cryptocurrencies | Bitcoin (BTC/USD) | 10 pips | 20 pips | 30 pips |
| 💸ETFs (CFDs) | SPDR S&P 500 ETF (SPY) | 0.2 pips | 0.4 pips | 0.8 pips |
| 📌Metals | Silver (XAG/USD) | 0.5 pips | 1.0 pips | 2.5 pips |
| ⚖️Energies | Crude Oil (WTI/USD) | 0.1 pips | 0.4 pips | 1.0 pips |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Wide Range of Payments | US Traders are not accepted |
| Low minimum Deposit | Only Offshore Regulation |
| Swap-Free Accounts | Limited variety of instruments |
| Multiple Account Types | Lacks a top-tier regulatory license |
| Leverage up to 1:3000 | Inactivity Fee |
Our Findings
According to our findings, JustMarkets is a tempting choice for South African traders, distinguished by its specialized approach to matching local requirements. In addition, the availability of ZAR accounts and support for regional payment methods, such as bank transfers, improve convenience and significantly lower currency conversion expenses.
How can I contact JustMarkets customer support?
JustMarkets customer service can be reached via live chat on their website, email at support@justmarkets.com, or phone.
What is JustMarkets’ overall quality rating for customer support?
JustMarkets’ overall customer service quality is highly rated, often around 4/5, indicating its commitment to providing practical assistance.
Conclusion
Namibia has many forex brokers, so selecting the best one depends on the trader’s goals and his or her style of trading. One should consider the following aspects including regulation, trading platform, available assets, fees, and customer support. The performance of all the brokers can also be compared and with understanding the specific trader’s needs the Namibian traders can choose the particular platform for trading which will guarantee them the best outcome in the framework of the concrete trading strategy in forex.
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Disclaimer
Traders need to understand and remember that CFDs are leveraged, complex products that may be accompanied by the risk of incurring losses that may exceed the trader’s initial deposit. Traders need to understand their risk exposure and determine whether the risk involved suits them before making trading decisions that could result in a capital loss.
Frequently Asked Questions
Who is the most used broker choice in Namibia?
XM is the most popular broker choice amongst Namibian Traders.
How can I verify if a Broker is indeed Regulated?
All Forex Brokers that accept Namibian traders will make their regulatory status available on the first page of its webpage.
Is forex trading legal in Namibia?
Yes. Forex Trading is 100% legal in Namibia.
How many forex traders are currently active in Namibia?
Approximately 50’000 Namibian investors actively trade per month.
Can you make money with forex trading in Namibia?
Yes. Forex trading in Namibia may be profitable.
Which Forex Broker has the lowest fees for Namibian Traders?
Alpari offers the lowest fees when compared with similar brokers.
Top 4 Brokers
