What was the determining factor in your decision to engage with a certain broker? Regardless, please share your thoughts in the comments below. You might also like: AvaTrade Review. You might also like: HFM Review. You might also like: Plus Review. You might also like: Tickmill Review. 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 initial deposit of the trader.

Traders need to ensure that they understand their risk exposure and they need to determine whether the risk involved is suited to them before making trading decisions that could result in loss of capital.

All Forex Brokers that accept Namibian traders will make their regulatory status clearly available on the first page of its webpage. Price and trade data source: JSE Ltd All other statistics calculated by Profile Data. All data is delayed by at least 15 minutes. Telephone number: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

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FCA, FSCA. MetaTrader 4, Trading Station. CySEC, FCA, FSA, FSCA, Labuan FSA. FSCA, SCB. Meta Trader 4. CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA. CySec, FSCA. MetaTrader4, Metatrader 5. Author Details. Facebook Twitter Youtube Linkedin Instagram. Louis Schoeman. Table of Contents. You might also like. JP Markets Sign Up Bonus JP Markets offers a welcome bonus to all new traders who choose to register for a real account. JP MARKETS Review JP Markets is considered a low-risk and can be summarized as trustworthy and reliable.

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It offers multiple trading instruments in forex, indices, commodities, cryptocurrencies, and stock CFDs instruments. INFINOX offers an STP Account and an ECN Account.

The broker also offers Swap-free Islamic accounts. With INFINOX clients can conduct their trades on the popular MetaTrader 4 and MetaTrader 5 platforms. We have chosen INFINOX as the best forex broker Namibia with the lowest spreads. The broker offers low spreads across all markets. The spreads are much lower than the industry average. Founded in , Tickmill is a global Forex and CFDs broker. The broker is located in London and holds licenses in the UK, Cyprus, South Africa, Seychelles, and Labuan Malaysia.

Tickmill offers 3 account types: the Pro, Classic, and VIP accounts. We have chosen Tickmill as the best forex broker Namibia with a bonus. We have tested many regulated forex brokers Namibia. Although due to local restrictions not all brokers are available in the country, we have come up with a list of available forex brokers Namibia.

Traders usually have many concerns related to forex trading in Namibia. To be helpful we picked and answered some of the most important queries related to forex brokers Namibia. When verifying forex brokers Namibia traders should be very careful.

As there is not an official regulatory body in the country, traders are recommended to look for the information on the official website of The Namibia Financial Institutions Supervisory Authority and The Bank of Namibia.

Read more on The Bank of Namibia Wikipedia page. Commonly, almost all brokers provide information about their availability or restrictions in certain regions and countries. ZAR account enables forex traders to trade with the South African local currency. Read more about ZAR accounts. Based on our test we have chosen two forex brokers Namibia with a ZAR account:. ECN is an automated bridging system directly connecting buyers and sellers in a trade settlement.

ECN connects brokers and traders in different geographies and broadens the liquidity of trades. Based on our research, we recommend the following ECN forex brokers Namibia:. Forex traders in Namibia should be very careful when it comes to taxes for forex trading. They should file the tax documents to the Revenue office of the country.

In Namibia, there are no taxes for capital gains. Namibian traders should be very careful and check the tax information with the relevant authorities. In the case of delays or tax avoidance, they may face penalties and fines. I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.

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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. Get Started Read more on FXTM 1 The ratings shown on DailyForex. High level regulation in multiple jurisdictions Impressive range of tradeable assets including vanilla options and gold options Get Started Read more on AvaTrade Get Started Read more on FP Markets 3 The ratings shown on DailyForex.

ECN-style trading Daily market research and Autochartist access Get Started Read more on FP Markets Get Started Read more on BlackBull Markets 4 The ratings shown on DailyForex. Solid broker for scalping and hedging Institutional-style trading opportunities for retail traders Get Started Read more on BlackBull Markets Get Started Read more on Eightcap 5 The ratings shown on DailyForex. Deep liquidity and the FXTM cutting-edge order execution technology result in an average execution speed of 0.

FXTM supports algorithmic trading, offers its Pivot Points Trading Strategy, and provides actionable trading signals. Beginners also get quality educational content. Forex trading in Namibia through AvaTrade provides excellent trading platform choices and reasonable, commission-free costs. 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. Pros 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 Cons Trading costs competitive but nothing special READ FULL AvaTrade REVIEW READ FULL AvaTrade REVIEW FP Markets 4.

Get Started Get Started In Summary ECN trading with leverage up to 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. Pros 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 Well-regulated and trustworthy Cons Availability of Iress geographically restricted READ FULL FP Markets REVIEW READ FULL FP Markets REVIEW BlackBull Markets 4.

Traders with advanced solutions can connect to the BlackBull Markets infrastructure via FIX API and benefit from ECN liquidity. The Standard alternative has no deposit requirements, making it accessible to all Namibian traders. An added strength is its presence in the cryptocurrency sector.

The strong order execution statistics, deep liquidity, VPS hosting, and competitive cost structure with raw spreads from 0. Beginner traders get quality education and market commentary, while the partnership program ensures high-paying passive income generation. Pros Low minimum deposit and high leverage of up to Competitive cost structure Excellent technology infrastructure and seasoned management team Daily research and quality educational content Cons Limited leverage in some areas READ FULL Eightcap REVIEW READ FULL Eightcap REVIEW 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 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. 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 , while a 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.

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. Social trading , where traders discuss and share ideas, then manually execute them in their respective trading accounts.

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, 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.

Select one of the best Forex brokers , as outlined in our Forex trading in Namibia list, and fund your trading account. 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. 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. 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. 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. Trading Platforms - A cutting-edge trading platform will support algorithmic and copy trading.

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.

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.

FAQs 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? Best brokers list FXTM AvaTrade FP Markets BlackBull Markets Eightcap Forex Trading in Namibia Namibian Forex Regulation Namibia Forex Trading Strategies Getting Started with Forex in Namibia How to Choose a Forex Broker in Namibia Risks of Forex Trading in Namibia Bottom Line FAQs. Home Forex Brokers Types Best Forex Broker 5 Best Forex Brokers in Namibia [year] - Forex Trading in Namibia 5 Best Forex Brokers in Namibia.

Affiliate Disclosure. Affiliate Disclosure DailyForex. com 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. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing.

Huzefa Hamid. on September 12, Updated on September 12, Get Started. The ratings shown on DailyForex.

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