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Forex brokers in Namibia

 
Overall, Namibia is not a poor country (with expected annual GDP per capita exceeding $6000 for 2019), but has extreme inequalities in income distribution and standard of living.
 
The country’s financial sector is dominated by four large conglomerates, all which are with close ownership and funding links to South Africa. That being said, we also have to mention that the Namibian dollar is pegged at parity to the South African rand under the Common Monetary Area (CMA) arrangement with South Africa, Lesotho, and Swaziland. 
 
The Nonbank Financial Institutions (NBFI) sector is comparatively large, and there is even a local stock exchange - the Namibian Stock Exchange (NSX), which is of the largest on the African continent. Nonetheless, online forex trading doesn’t seem to be very popular in Namibia, and the country has not introduced any regulatory framework in this sphere.
 
Inspire of this, the country has an independent financial regulatory body - the Namibia Financial Institutions Supervisory Authority (NAMFISA). This is quite unusual for an African country, in most of which the Central bank is in charge of the banking and non-banking financial sector at the same time.
 
As the NAMFISA does not formally regulate forex brokers in Namibia, the local market is dominated by foreign providers. Many licensed and well-known European brokers also have operations on the African continent, Namibia included.

Forex brokers in Namibia

Broker Country Regulation Platforms Min.deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Australia, Cyprus ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
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