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Affiliate Disclosure adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

5 Best Forex Brokers in Namibia

I have conducted a thorough review of the best Forex brokers in Namibia and identified the most competitive brokers for different types of traders, from beginners with small portfolios to active scalpers, algorithmic and high-frequency traders, and those seeking managed accounts or passive income opportunities. Read on to view my quick guide to getting started with Forex trading in Namibia.

The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Best all around broker
High floating leverage + fast execution
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
High level regulation in multiple jurisdictions
Impressive range of tradeable assets including vanilla options and gold options
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
ECN-style trading
Daily market research and Autochartist access
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Best ECN execution on the MT4 platform
Excellent implementation of cTrader and Smart Trader Tools
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Solid broker for scalping and hedging
Institutional-style trading opportunities for retail traders

Best Namibia Brokers Comparison

Year Established
Execution Type(s)
ECN/STP, Market MakerMarket MakerECN/STPNo Dealing Desk, NDDECN/STP, No Dealing Desk
Minimum Deposit
Average Trading Cost EUR/USD
0.1 pips0.9 pips1.1 pips1.1 pips1.3 pips
Average Trading Cost GBP/USD
0.2 pips1.5 pips1.4 pips1.6 pips2.0 pips
Average Trading Cost Gold
$0.18 $0.29 $0.21 $0.20 $0.90
Trading Platform(s)
MetaTrader 4, MetaTrader 5, Proprietary platformOther, MetaTrader 4, MetaTrader 5, Web-based+MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-basedMetaTrader 4, MetaTrader 5, cTrader, Trading ViewMetaTrader 4, MetaTrader 5, Trading View
Islamic Account
Negative Balance Protection


In Summary Best all-around broker with high floating leverage and fast execution

Forex trading in Namibia with FXTM is ideal for Forex traders with deposits of $500+, the minimum requirement for the Advantage account, where FXTM grants raw spreads from 0.0 pips for a commission between $0.80 and $4.00 per 1.0 lot. Deep liquidity and the FXTM cutting-edge order execution technology result in an average execution speed of 0.072 seconds and a price improvement of 0.29 pips or $2.90 per lot, making it ideal for scalpers and high-frequency traders.

FXTM supports algorithmic trading, offers its Pivot Points Trading Strategy, and provides actionable trading signals. Beginners also get quality educational content.

Read more on FXTM »
5.0/5 in this category

Pros & Cons

  • Excellent commission-based Forex pricing environment and transparency
  • Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app
  • Quality market research and educational content for beginner traders
  • A highly regulated broker with a tier-1 license
  • No cryptocurrencies and limited choice of commodities


In Summary Highly regulated, choice of fixed or floating spreads

Beginner traders in Namibia get one of the best educational services industry-wide with AvaTrade, primarily via the spun-out SharpTrader Academy at AvaTrade. Forex trading in Namibia through AvaTrade provides excellent trading platform choices and reasonable, commission-free costs. The Trading Central plugin upgrades MT4/MT5, and the Guardian Angel plugin offers a layer of protection and analysis for MT4 traders, which sends traders alerts and assists with risk management and post-trade analysis. AvaTrade also maintains its proprietary web based AvaTrade WebTrader, AvaOptions, and AvaTradeGO platforms.

Social traders get Ava Social, ZuluTrade, or DupliTrade, while algorithmic traders benefit from VPS hosting. AvaTrade also offers Namibians seeking a passive Forex income opportunity with a partnership program featuring 70,000+ partners from 150+ counties and 250M+ commission payouts.

Read more on AvaTrade »
4.7/5 in this category

Pros & Cons

  • High-quality educational offering via SharpTrader
  • Excellent choice of trading platforms catering to various trading needs
  • Broad asset selection and cross-asset diversification opportunities
  • Well-regulated and trusted broker with oversight from a central bank
  • Trading costs competitive but nothing special

FP Markets

In Summary ECN trading with leverage up to 1:500

Namibian Forex traders desiring account management services should consider FP Markets, which provides MAM/PAMM accounts and a well-trusted and competitive environment for account managers. Forex trading in Namibia with FP Markets offers upgraded MT4/MT5 trading accounts via twelve plugins and Autochartist. FP Markets Copy Trading is a quality alternative to the embedded MT4/MT5 services, and FP Markets also offers Myfxbook Autotrade, offering Namibian Forex traders plenty of choices.

VPS hosting supports algorithmic trading, and traders benefit from NDD order processing, lack of requotes, high leverage, and deep liquidity. FP Markets presents raw spreads from 0.0 pips for a commission of $6.00 per round lot, a competitive pricing environment, and beginner traders get access to quality education and research.

Read more on FP Markets »
4.5/5 in this category

Pros & Cons

  • Choice of trading platforms and auxiliary trading tools
  • Very competitive cost structure and excellent asset selection
  • Low minimum deposit requirement and leverage of up to 1:500
  • Well-regulated and trustworthy
  • Availability of Iress geographically restricted


In Summary Great ECN execution on MT4 platform

Pepperstone, founded in 2010 and headquartered and regulated in Australia, the U.K., and Dubai, is probably the most well-known ECN Forex broker in the world. As an ECN broker, Pepperstone offer raw spreads and low commissions. Taken together, Pepperstone’s “Razor” account offers one of the most competitive costs of trading in Forex that you will find anywhere. In addition to their global headquarters in Australia, Pepperstone also have presences in London, England, where they enjoy full regulation by the Financial Conduct Authority (FCA), and in Dubai, where they are regulated by the Dubai Financial Services Authority (DFSA).

Read more on Pepperstone »
4.5/5 in this category

Pros & Cons

  • Excellent choice of trading platforms consisting of MT4/MT5, and cTrader
  • Market-leading MT4/MT5 upgrade package, Autochartist, and API trading
  • Social trading support via Myfxbook, MetaTrader Signals, and DupliTrade
  • Leverage of up to 1:30 and superb trade execution
  • Demo accounts have 30-day time limits

BlackBull Markets

In Summary Best ECN trading environment, with scalping and hedging

BlackBull Markets deploys cutting-edge trading infrastructure, offering Forex trading in Namibia with a superior choice for scalpers, algorithmic traders, and high-frequency strategies. Traders get MT4/MT5 upgraded via Autochartist and access to the active TradingView community. ZuluTrade and Myfxbook Autotrade complement embedded MT4/MT5 services, and BlackBull Markets offers market commentary and research. Traders with advanced solutions can connect to the BlackBull Markets infrastructure via FIX API and benefit from ECN liquidity.

Traders should consider a minimum deposit of $2,000 for the ECN Prime account, which provides VPS hosting and a highly competitive cost structure from 0.1 pips for a commission of $6.00 per 1.0 standard lot. The Standard alternative has no deposit requirements, making it accessible to all Namibian traders.

Read more on BlackBull Markets »
4.2/5 in this category

Pros & Cons

  • ECN/NDD execution model with deep liquidity
  • Institution-grade pricing for retail traders via proprietary price aggregation
  • ZuluTrade and Myfxbook for social trading
  • Leverage of up to 1:500
  • Limited deposit options

  • FXTM, Best all-around broker with high floating leverage and fast execution.
  • AvaTrade, Highly regulated, choice of fixed or floating spreads.
  • FP Markets, ECN trading with leverage up to 1:500.
  • Pepperstone, Great ECN execution on MT4 platform.
  • BlackBull Markets, Best ECN trading environment, with scalping and hedging.

Forex Trading in Namibia

Due to the historical relationship between Namibia and South Africa, they share many similarities in their Forex market. The Namibian Dollar remains pegged to the South African Rand at parity according to the Common Monetary Area (CMA) agreement. While the lack of education for beginner traders and Forex scams can remain as obstacles, the young and tech-savvy population continues to expand into Forex trading, posing an attractive growth market for international brokers seeking to enter the market for Forex trading in Namibia.

Four conglomerates control the Namibian financial sector, all tied to South African funds. The Namibian Stock Exchange (NSX) ranks among the most dominant in Africa, especially for non-finance companies, which can serve as a growth catapult for the Forex market.

Forex trading in Namibia gathers traction due to its lower capital requirements and 24/5 trading hours. Namibia presents an exciting growth market with an average monthly salary of N$17,500+ and 41% internet usage among its population, offering an attractive upside for Forex brokers.

Namibian Forex Regulation

The Namibia Financial Institutions Supervisory Authority (NAMFISA) is the financial regulator but does not actively regulate Forex trading. It published a cautionary public notice covering online trading through a third party in 2017, while a 2019 high-profile scam brought the Forex sector into the public spotlight. The Bank of Namibia, the central bank of Namibia, clarified its Forex trading rules following the arrest of two Namibians accused of running a pyramid scheme, but these apply to physical Forex transactions. Since online Forex trading uses CFDs and no physical Forex transaction occurs, the rules implemented by the Bank of Namibia do not apply in effect to retail Forex trading.

Namibian Forex traders should ensure they deal with a regulated offshore international Forex broker to avoid potential scams and fraud while working to ensure their deposits and profits remains safe and accessible when needed, as Namibia does not actively regulate the sector. Some Namibians prefer a South African regulated broker, and some Forex brokers are active in South Africa, using it as a launch pad for the South African region.

Namibia Forex Trading Strategies

Forex trading in Namibia can be conducted using any trading strategy. The best choice will depend upon your individual circumstances and preferences.

Namibia Forex trading strategies include:

  • Algorithmic trading, as supported by the MT4 and MT5 trading platforms, account for 80%+ of global daily trading volumes but requires costly EAs or advanced trading solutions that may be out of reach for many retail traders, who should ignore free or cheap alternatives as lacking the necessary quality.
  • Manual trading, as practiced by most retail traders, after they learn how to trade, which is a step most beginners either ignore or attempt to rush.
  • Copy trading, also available via embedded services in the MT4/MT5 trading platforms, allows traders to select signal providers and automatically copy their trades.
  • Social trading, where traders discuss and share ideas, then manually execute them in their respective trading accounts.
  • Managed accounts, as provided by MAM/PAMM brokers, provides Namibian Forex traders access to an account manager who trades on their behalf.

Getting Started with Forex in Namibia

Each Forex trader will chart an individual course but getting started with Forex in Namibia consist of several core steps every trader should follow:

1. You cannot perform a high-skilled profession unless you invest approximately 10,000 hours into education, and Forex trading is no different. Education remains paramount and relevant to any strategy you want to implement, even if you want managed account services, as it allows you to recognize scams and frauds.

2. Select one of the best Forex brokers, as outlined in our Forex trading in Namibia list, and fund your trading account.

3. Determine a Forex trading strategy that suits you, which is where education can help, and outline a risk management profile. Define your annual goals and keep realistic expectations.

4. Avoid the demo trap, as although practicing with a demo account is a useful learning process, because you have no real risk it cannot fully replicate the experience of trading with real money. It is like playing a sports simulator and believing you are now a qualified athlete. Demo accounts cannot simulate the ups and downs of trading psychology, which makes or breaks traders. You will learn more in a live account with a small deposit and position size. You are likely to lose your money, but you can view this as the price you pay for education.

5. Follow market events and analyze price action. Never trust third-party trading recommendations blindly. Use them as inspiration, if necessary, but be cautious. The same applies when looking for managed account services. Make sure they align with your strategy.

6. Determine your take profit and stop loss levels before you enter a trade. It is where you have no emotional attachment to it, and you should place them in your order ticket without adjusting them later.

How to Choose a Forex Broker in Namibia

Since the Namibia Financial Institutions Supervisory Authority does not actively regulate the Forex market, Forex trading in Namibia relies on international brokers, practically all of whom accept Namibian resident traders.

Namibian Forex traders should ensure their Forex broker provides the following:

1. Regulation and Security - Namibian Forex traders should always trade with regulated Forex brokers with a spotless record of at least five years. Scams and frauds remain widespread, especially in frontier markets, where many beginners lack education. Trading with a well-regulated, trusted Forex broker will ensure deposits and profits are safe and accessible.

2. Competitive Trading Costs - Traders should not pay more than $7 per lot for major currency pairs during the most liquid trading times.

3. Asset Selection - A competitive Forex selection features 60+ currency pairs.

4. Trading Platforms - A cutting-edge trading platform will support algorithmic and copy trading.

5. Deposits & Withdrawals - Namibian resident Forex traders should look for low-cost and secure online payment processors and cryptocurrencies.

Risks of Forex Trading in Namibia

Forex trading in Namibia offers good opportunities, but beginner traders must evaluate and consider the risks of Forex trading in Namibia, as outlined below.

Some of the primary risks of Forex trading in Namibia include:

  • The lack of education, which results in a severe misunderstanding of Forex trading, its requirements, and its possibilities, explaining the high loss rate of up to 90% of retail traders.
  • Failure to respect Forex trading as a high-skilled profession, and its associated conditions for success.
  • Unrealistic trading expectations, sometimes promoted by questionable Forex brokers seeking first-time deposits from beginner traders.
  • Scams and frauds attempting to capitalize on the lack of education, disrespect for the Forex profession, and the unrealistic expectations of beginners.
  • Underfunded trading accounts, which leads to inefficient trading, frustration, and trading mistakes.
  • Overtrading, often a result of underfunded trading accounts, which can result in losses.
  • The lack of risk management, which causes leveraged trading to accumulate trading losses.
  • The absence of necessary trading infrastructure and conditions, like unreliable internet connections, lack of trading software, and a quiet place to trade.

Bottom Line

Forex trading in Namibia presents a high-growth frontier market, and many international Forex brokers dedicate resources to capturing this market share.

The lack of education, scams, and fraud present challenges Forex traders and brokers must overcome. Since the Namibia Financial Institutions Supervisory Authority does not actively regulate the market, Forex trading in Namibia relies on well-trusted and regulated international brokers. Namibia has no restrictions preventing citizens from opening offshore trading accounts, and almost all brokers accept Namibian resident clients.

Beginner traders in Namibia should start with free, in-depth online education and avoid paid-for courses, often conducted by failed Forex traders who cover materials they sourced online. Selecting a reliable Forex broker from our Forex trading in Namibia list, deciding on a trading strategy, funding an account, and executing it within a pre-determined risk management profile and realistic trading expectations, form the core of successful Forex trading.

You might also be interested in reviewing the below top brokers:


Is trading Forex legal in Namibia?


Trading Forex is completely legal in Namibia and continues to expand, driven by the young and tech-savvy population, accessibility, and affordability.

Who is the best Forex trader in Namibia?


No data exist to answer this question, and any claims to the contrary are false, misleading, and marketing oriented.

How do I start trading Forex in Namibia?


Namibian beginner traders should start with in-depth education, as knowledge about the Forex market and Forex trading will eliminate many avoidable and costly mistakes.

How much does it cost to start Forex trading in Namibia?


There are several Forex brokers which allow new traders to get started with no minimum deposit, but to trade safely it makes most sense to start with an initial deposit of at least a few hundred US Dollars.

What time does the Forex market open in Namibia?


The Forex market operates 24/5, but the unofficial start to trading is the opening bell of the equity market at 9 a.m.

Huzefa Hamid
About Huzefa Hamid

I’m a trader and manage my own capital. I trade the major Forex pairs, some Futures contracts, and I rely entirely on Technical Analysis to place my trades. Today, I am also a Senior Analyst for I began trading the markets in the early 1990s, at the age of sixteen. I had a few hundred British pounds saved up (I grew up in England), with which I was able to open a small account with some help from my Dad. I started my trading journey by buying UK equities that I had read about in the business sections of newspapers. The 1990s were a bull market, so naturally, I made money. I was fortunate enough in my early twenties to have a friend that recommended a Technical Analysis course run by a British trader who emphasized raw chart analysis without indicators. Having this first-principles approach to charts influences how I trade to this day.