According to research in South Africa, when it comes to Forex trading platforms, there are many different types available as each broker builds theirs on specific software which allows them to choose functionality, layout and the features that their website will offer to traders.
When it comes to choosing one for an expert trader, the list does indeed, and luckily shorten to a certain degree. So, who classifies as a Forex Trading expert? Does it depend on a high winning percentage or is it the ability to forecast future price levels with accuracy? Or maybe the ability to stay out of trades altogether when the Forex market is quiet and not showing much price change?
Yes, these factors are important to certain degree, but many relatively new traders can perform at a similar level. An expert trader is someone who trades in exceptionally large numbers of currency units. Just as a casino might impose upper limits on the amount that its players can wager, a Forex broker might not have the financial resources to deal with a Forex trader who thinks in similar terms. These brokers will frequently impose a limit on the number of units of the base currency of a currency pair that a trader is permitted to trade. Forex brokers suitable for experts would be those who have the resources and do not need to impose a limit.

NAGA
NAGA is a CySEC regulated, multi-asset class broker offering more than 750+ instruments across Forex, Stocks, Indices, Futures, ETFs, Commodities and Cryptocurrencies to trade. The broker is part of Naga Group AG, a company on the Frankfurt Stock Exchange and offers crypto wallets on NAGAX, a NAGA MasterCard and social trading tools.
Pros and Cons
Pros | Cons |
CySEC regulation. | Trading education limited. |
Wide range of asset classes. | Higher than average swap rates. |
Platform powered by TradingView. | |
Real crypto trading and free crypto wallet. | |
NAGA MasterCard. |

Skilling
Skilling is an online Forex and CFD broker that operates from Cyprus and offers Forex, indices, commodities and equity stocks for trading. Skilling boasts of offering over 300 trading instruments from different markets all over the world. The official website is in 4 languages: German, Swedish, Norwegian and English.
Pros and Cons
Pros | Cons |
Modern and fully featured proprietary platform | No access to MT4 platform to those who want it |
Good selection of instruments and assets available to trade | |
Highly regulated via CySEC |

ActivTrades
ActivTrades is a CFD and Spread Betting broker which is regulated by the UK Financial Conduct Authority (FCA) and offers traders 500+ tradable assets across Forex, Indices, Commodities, Shares, Cryptocurrencies, ETFs and Options on MetaTrader plus their own advanced ActivTrader platform for Mac, PC, iOS and Android systems.
Pros and Cons
Pros | Cons |
FCA regulated. | Not accessible for US clients. |
Segregated client funds and additional insurance protections. | Limited market analysis and research tools. |
500+ tradeable assets across Forex, Indices, Shares, Commodities, ETFs and Cryptocurrencies. | |
Free advanced trading tools such as Smart Pattern, Smart Order and Smart Forecast. | |
One-to-one platform training |

XTB
XTB is a trusted multi-asset broker authorised and regulated by the Financial Conduct Authority which provides a well-rounded, competitive offering including excellent customer service and the xStation 5 trading platform. XTB was founded in 2002 and is publicly-traded and regulated in one tier-1 jurisdiction, making it a low-risk broker for forex and CFDs trading. XTB is the top choice for 230,000+ Forex traders globally.
Features
Feature | XTB |
Forex: Spot Trading | Yes |
Currency Pairs (Total Forex pairs) | 49 |
CFDs – Total Offered | 1894 |
Social Trading / Copy-Trading | Yes |
Cryptocurrency traded as actual | No |
Cryptocurrency traded as CFD | Yes |
XTB offers traders a Standard (for UK and Ireland residents only) and a commission-based Pro account and each account will come with its own execution method and spread model, in terms of commissions and fees. The xStation 5 is the primary platform offering alongside the full MetaTrader 4 suite. Since xStation 5 does not support automated trading, MT4 must be used.
XTB also offers traders mobile apps for Android and iOS and customer support in a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish.
The forex market is such a competitive place to make a start, let alone a successful one at that. Just thinking about sifting through the massive number of available brokers on the market today can be an immense task for an established trader, and even more so for a beginner. In this section, we have added a quick overview of 5 more Best Forex Brokers and Platforms available to traders in Namibia.

FXPro
FXPro is an online broker founded which was founded in 2006 and offers Forex, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies trading. FXPro is a global broker and has a head office located in the UK.
FXPro provide traders with access to top-tier liquidity and advanced trade execution with no dealing desk intervention and a starting account will need a minimum deposit of $100.
FXPro is regulated by CySEC, DFSA, FCA, FSCA and SCB.
What can be traded with FXPro?
- Over 250 instruments
- Over 70 currency pairs
FXPro is one of the few brokers in the market who offers both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform and mobile apps for Android and iOS.
FXPro Trading benefits include:
- Allows scalping
- Allows hedging
- Low min deposit
- Offers Negative Balance Protection
With FXPro, the minimum and maximum trade requirements vary depending on the trader and the instrument and the broker offers support in a very wide range of languages including Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese.

Swissquote
Swissquote is an online broker which was founded in 1999 and offers Forex and Social Trading, is a globally recognized broker and has a head office situated in Switzerland. New traders with Swissquote will need to make a minimum deposit of $1000 and a demo account is available.
Swissquote is able to accommodate various levels of traders and offers a wide variety of instruments and trading currency to choose from.
- Over 100 instruments
- Over 150 currency pairs
Swissquote offers both of the MetaTrader platforms; MT4 and MT5 plus mobile apps for Android and iOS.
Benefits
- Allows scalping
- Allows hedging
Swissquote Trading Accounts on Offer include:
- Demo account
- Mini account
- Standard account
Swissquote doesn’t charge traders an inactivity fee and traders can trade an impressive selection of funds for very favourable fees.
Pros and Cons
Pros | Cons |
Low forex fees | High trading fees |
Low fund fees | High stock and ETF fees |
No inactivity fee | High bond fees |
With Swissquote, the minimum and maximum trade requirements will vary depending on the trader and the instrument and the platform supports a wide range of languages including English, German, French, Italian, Spanish, Arabic, Russian, and Chinese. Customer Service is available via Live chat, Phone and Email in a great response time.

BDSwiss
BDSwiss is a well regulated by CySEC that offers 3 types of accounts – Basic, Raw, and Black VIP. These accounts come with a minimum deposit of $100 accept the Raw account which has a monthly subscription fee of between $1 and $79.
Pros and Cons
Pros | Cons |
Multiple regulations. | Best spread accounts require higher minimum deposits. |
Commission-free trading available. | |
Access to raw spreads available. | |
Can trade on MetaTrader 4 and MetaTrader 5. |
Trading on more than 250+ financial CFD instruments covering Forex, Commodities, Cryptocurrencies, Indices and Equities is available plus BDSwiss offers both full demo and Islamic accounts are available and traders can fund their account through wire transfer deposits as well as through credit card and deposits which are fee free in most cases. Trading with the broker takes place through MT4, MT5, and WebTrader.
A 24/5 multilingual customer support team, is available to provide traders with an unsurpassed level of support in German, French, English, Italian, Spanish, Greek and Portuguese.

eToro
eToro is an online broker which was founded in 2006 and offers CFDs and Social Trading, with a head office based in Cyprus, UK. eToro offers traders two ways to trade: CFDs, Social Trading and eToro traders will need to make a minimum deposit of $200 and the platform can accommodate various levels of traders from beginner to expert.
eToro is supervised by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies and has been in operation for over 14 years.
Traders can trade in a wide variety of over 100 instruments and over 50 currency pairs on eToro’s user-friendly custom trading platform which is available as a browser-based web application. eToro also offers traders mobile apps for Android and iOS. eToro also offers traders free stock trading.
Pros and Cons
Pros | Cons |
Low trading fees | High forex fees |
Free stock trading | Withdrawal fee |
Low CFD fees |
eToro trading accounts on offer include: Demo, Standard and Islamic. eToro supports a wide range of languages including English, German, Spanish, French, and Italian.

OctaFX
OctaFX is an online broker which was founded in 2011, offering Forex trading.
Pros and Cons
Pros | Cons |
Regulated and authorized by CySEC | Limited assets |
Unlimited demo account | Low Crypto coverage |
Advanced technology | No VPS |
Forex and CFDs offered | No education tools on Forex |
More than 30 FX pairs to trade | Telephonic support not available 24/7 |
No commission deposits or withdrawal options | No clients from USA, Canada, Belgium, or others outside EU |
OctaFX has won numerous industry awards over the course of 9 years and is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5.
OctaFX Trading benefits:
- Allows scalping
- Allows hedging
- Offers STP
- Low min deposit
- Guaranteed stop loss
- Offers Negative Balance Protection
OctaFX Trading Accounts Offered:
- Demo account
- Micro account
- Mini account
- Standard account
- Zero spread account
- STP account
- Islamic account
As OctaFX is regulated by Financial Conduct Authority (FCA), each new client must pass a few basic compliance checks when signing up for an account. OctaFX provides an array of educational tools to assist beginner traders to become more experienced and even professionals in trading.

AvaTrade
AvaTrade is one of the largest online trading platforms with approximately 200,000 registered clients who complete up to 2 million trades per month – approximately $60 billion of trading volume. AvaTrade offers traders a range of financial trading instruments including indices, commodities, shares, forex, digital currency, bonds and exchange traded funds.
Pros and Cons
Pros | Cons |
Used by 200,000+ traders | Doesn’t offer VPS |
Established in 2006 | Not FCA Regulated |
Regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI | |
Min. deposit from $100 |
To open a live AvaTrade account, traders will need a minimum deposit of at least $100, alternatively, a demo account is on offers which can use for practice. AvaTrade offers both of the MetaTrader platforms; MT4 and MT5.
Trading Features: | Accounts offered: | Funding methods: |
Allows scalping | Demo account | Credit cards |
Allows hedging | Micro account | Bank Transfer |
Low min deposit | Mini account | PayPal |
Standard account | Skrill | |
Islamic account | Payoneer | |
Neteller |
AvaTrade support a wide range of languages including English, Italian, German, French, Greek, Hebrew, Spanish, Arabic, Malay, Russian, Chinese, Portuguese and Dutch.

Plus500
CFD Service. Your capital is at risk
Plus500 is a trusted global brand with a user-friendly platform on offer.
Is Plus500 a trusted provider?
Plus500 is a trusted provider and offers only CFD trading.
- Regulated
- Licensed
- Considered a trusted CFD provider
Plus500 currently offers its portfolio of over 2800 instruments which is higher than most CFD providers.
Commissions & Fees
Plus500 has a minimum deposit of $100.
Platforms & Tools
The Plus500 platform is available for web and mobile; but, MetaTrader is not offered. Plus500’s flagship platform includes:
- The Plus500 WebTrader (browser-based) platform is suitable for experienced traders only. Though Plus500 is a very user-friendly platform, CFDs are “complex financial products”, thus the platform is not suitable for beginners/ un-experienced traders.
- The Plus500 WebTrader platform offers robust charting with over 100 optional technical indicators plus the ability to save chart templates.
The Plus500 mobile app is similar to the web version, consistent in both look and feel.

TickMill
TickMill offers traders 2 basic account types, accessible through the popular MetaTrader 4 platform and offers market execution with average speed of 0.3 seconds, variable spreads, leverage up to 1:30 and micro tradeable lots. The Classic account is commission-free and The Pro ECN carries a charge of a small commission fee and get tighter spreads.
Features
Account type | Minimum deposit | Minimum trade size | Maximum leverage | Spreads (& Commission) |
Classic | $100 | 0.01 | 1:30 | From 1.6 pips |
Pro | $100 | 0.01 | 1:30 | 0.2 pips + $4 / Lot* |
*Commission is calculated per standard lot of 100 000 units round trip.
TickMill supports the MetaTrader4 (MT4) platform, available for Mac/Windows PC, Android & iOS devices and as a web-based version and accepts a wide range of payment methods: via credit/debit cards, (Visa, MasterCard, Maestro), bank wire, Skrill, Neteller, dotpay, and Sofort.
In conclusion
As Forex traders, it can be very challenging to know which of these 12 Forex trading brokers and platforms will be best suited to them and their unique requirements. Try them all! By using a no deposit bonus or a demo platform a trader will be allowed to test these platforms for themselves before they make their final decision, according to research in South Africa.
Frequently Asked Questions
Who are professional traders?
The way a professional trader is defined is by how he approaches his trading mentally and the way in which he manages his trading routine day to day. Professional traders also trade in exceptionally large numbers of currency units.
What platform do professional traders use?
Here is a list of the 19 Best Trading Platforms for Expert Traders
Is Skilling a good trading platform for expert traders to use?
Yes.
What type of brokers are suitable for expert traders?
Those brokers that have the resources and do not need to impose a limit on the number of units of the base currency of those currency pairs that a trader is permitted to trade.
Who is the richest forex trader in the world?
Paul Tudor Jones.
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