Nigeria Forex brokers in Nigeria

Here you can find a list of the best global Forex brokers online accepting traders in Nigeria for Forex trading.

Risk Warning: Your capital is at risk.

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Popularity Minimum Deposit
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ECN (Min. Deposit)
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Leverage
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MT4 MT5 Bonus
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Review
1  Exness 5/5 400 NGN / $1 4000 NGN / $10 ≤2000:1 Review
2  IC Markets 4/5 $200 ≤500:1 Review
3  RoboForex 4/5 $10 $10 ≤2000:1 Review
4  XM Group 4/5 $5 ≤6000:1 $50 Review
5  FreshForex 2/5 4000 NGN / $10 4000 NGN / $10 ≤2000:1 $2024 Review
6  Deriv 4/5 $5 ≤1000:1 Review
7  FBS 3/5 $5 ≤3000:1 Review
8  FxPro 3/5 $100 Review
9  JustMarkets 3/5 $1 $100 ≤3000:1 $30 Review
10  LiteFinance 3/5 $10 ≤1000:1 Review
11  Alpari 3/5 $200 $300 ≤1000:1 Review
12  admirals 3/5 $1 ≤500:1 Review
13  AMarkets 2/5 $100 $200 ≤3000:1 Review
14  AvaTrade 3/5 $100 ≤400:1 Review
15  FP Markets 3/5 $100 $100 ≤500:1 Review
16 HFM 3/5 ≤2000:1 Review
17 IC Trading 2/5 $200 ≤500:1 Review
18 IronFX 2/5 $100 $100 ≤1000:1 Review
19  LQDfx 2/5 $20 ≤1000:1 Review
20  OctaFx 4/5 $50 $100 ≤500:1 Review
21  XTB 4/5 ≤200:1 Review
22 BlackBull Markets 2/5 $1 ≤500:1 Review
23  InstaForex 3/5 $1 ≤1000:1 $500 Review
24  IQ Option 3/5 Review
25  Pepperstone 3/5 $10 $10 ≤500:1 Review
26  ActivTrades 2/5 $10 ≤200:1 Review
27  xChief 2/5 $10 ≤1000:1 $100 Review
28  FXTM 3/5 $50 $500 Review
29 Fortrade 3/5 $100 $100 ≤200:1 Review
30 FxGlory 2/5 $1 ≤3000:1 Review
31  FXOpen 2/5 $1 / 0.0001₿ $100 / 0.01₿ ≤500:1 $10 Review
32 ThinkMarkets 3/5 $1 $500 Review
33  Amega 2/5 $20 ≤1000:1 Review
34  Axi 3/5 $1 ≤400:1 Review
35  Eightcap 3/5 $100 ≤500:1 Review
36 IFC Markets 2/5 $1000 ≤400:1 Review
37  NordFX 2/5 $5 $1000 ≤1000:1 Review
38 TradersWay 2/5 $1 $10 ≤1000:1 Review
39  EagleFX 2/5 $10 ≤500:1 Review
40  FiboGroup 2/5 $1 $50 ≤3000:1 Review
41 Fortrade Cyprus 3/5 $100 $100 ≤30:1 Review
42  GrandCapital 2/5 $10 $500 ≤500:1 Review
43  Libertex 3/5 $100 ≤30:1 Review
44 LMFX 2/5 $10 ≤1000:1 Review
45 Mtrading 2/5 $100 ≤1000:1 $30 Review
46  Weltrade 2/5 $25 ≤1000:1 Review
47 easyMarkets 2/5 $100 ≤400:1 Review
48 HYCM 2/5 $20 ≤30:1 Review
49 Land Prime 2/5 $300 $2000 ≤500:1 Review
50 Markets.com 3/5 $100 ≤300:1 Review
51 NPBFX 2/5 $10 ≤1000:1 Review
52 SimpleFX 2/5 $1 / 0.0001₿ ≤500:1 Review
53  worldforex 2/5 $1 ≤1000:1 $10 Review
54 Coinexx 2/5 0.001₿ ≤500:1 Review
55  ForexMart 2/5 $15 ≤3000:1 Review
56 FxPrimus 2/5 $100 $100 ≤1000:1 Review
57  Orbex 2/5 $200 $500 ≤500:1 Review
58 N1CM 2/5 $5 ≤1000:1 Review
Popularity 5/5
Minimum Deposit 400 NGN / $1
ECN 4000 NGN / $10 (Min. Deposit)
Leverage ≤2000:1
MT4
MT5

Popularity 4/5
Minimum Deposit $200
Leverage ≤500:1
MT4
MT5

Popularity 4/5
Minimum Deposit $10
ECN $10 (Min. Deposit)
Leverage ≤2000:1
MT4
MT5

Popularity 4/5
Minimum Deposit $5
Leverage ≤6000:1
MT4
MT5
Bonus $50 Residents within Australia are not eligible for this bonus

Popularity 2/5
Minimum Deposit 4000 NGN / $10
ECN 4000 NGN / $10 (Min. Deposit)
Leverage ≤2000:1
MT4
MT5
Bonus $2024

Popularity 4/5
Minimum Deposit $5
Leverage ≤1000:1
MT4
MT5

Popularity 3/5
Minimum Deposit $5
Leverage ≤3000:1
MT4
MT5

Popularity 3/5
Minimum Deposit $100
MT4
MT5

Popularity 3/5
Minimum Deposit $1
ECN $100 (Min. Deposit)
Leverage ≤3000:1
MT4
MT5
Bonus $30 Residents within EEA are not eligible for this bonus

Popularity 3/5
Minimum Deposit $10
Leverage ≤1000:1
MT4
MT5

Popularity 3/5
Minimum Deposit $200
ECN $300 (Min. Deposit)
Leverage ≤1000:1
MT4
MT5

Popularity 3/5
Minimum Deposit $1
Leverage ≤500:1
MT4
MT5

Popularity 2/5
Minimum Deposit $100
ECN $200 (Min. Deposit)
Leverage ≤3000:1
MT4
MT5

Popularity 3/5
Minimum Deposit $100
Leverage ≤400:1
MT4
MT5

Popularity 3/5
Minimum Deposit $100
ECN $100 (Min. Deposit)
Leverage ≤500:1
MT4
MT5

16
Review
Popularity 3/5
Leverage ≤2000:1
MT4
MT5

Popularity 2/5
Minimum Deposit $200
Leverage ≤500:1
MT4
MT5

Popularity 2/5
Minimum Deposit $100
ECN $100 (Min. Deposit)
Leverage ≤1000:1
MT4
MT5

Popularity 2/5
Minimum Deposit $20
Leverage ≤1000:1
MT4
MT5

Popularity 4/5
Minimum Deposit $50
ECN $100 (Min. Deposit)
Leverage ≤500:1
MT4
MT5

21
Review
Popularity 4/5
Leverage ≤200:1
MT4
MT5

Popularity 2/5
Minimum Deposit $1
Leverage ≤500:1
MT4
MT5

Popularity 3/5
Minimum Deposit $1
Leverage ≤1000:1
MT4
MT5
Bonus $500

Popularity 3/5
MT4
MT5

Popularity 3/5
Minimum Deposit $10
ECN $10 (Min. Deposit)
Leverage ≤500:1
MT4
MT5

Popularity 2/5
Minimum Deposit $10
Leverage ≤200:1
MT4
MT5

Popularity 2/5
Minimum Deposit $10
Leverage ≤1000:1
MT4
MT5
Bonus $100

Popularity 3/5
Minimum Deposit $50
ECN $500 (Min. Deposit)
MT4
MT5

Popularity 3/5
Minimum Deposit $100
ECN $100 (Min. Deposit)
Leverage ≤200:1
MT4
MT5

Popularity 2/5
Minimum Deposit $1
Leverage ≤3000:1
MT4
MT5

Popularity 2/5
Minimum Deposit $1 / 0.0001₿
ECN $100 / 0.01₿ (Min. Deposit)
Leverage ≤500:1
MT4
MT5
Bonus $10

Popularity 3/5
Minimum Deposit $1
ECN $500 (Min. Deposit)
MT4
MT5

Popularity 2/5
Minimum Deposit $20
Leverage ≤1000:1
MT4
MT5

34
Review
Popularity 3/5
Minimum Deposit $1
Leverage ≤400:1
MT4
MT5

Popularity 3/5
Minimum Deposit $100
Leverage ≤500:1
MT4
MT5

Popularity 2/5
Minimum Deposit $1000
Leverage ≤400:1
MT4
MT5

Popularity 2/5
Minimum Deposit $5
ECN $1000 (Min. Deposit)
Leverage ≤1000:1
MT4
MT5

Popularity 2/5
Minimum Deposit $1
ECN $10 (Min. Deposit)
Leverage ≤1000:1
MT4
MT5

Popularity 2/5
Minimum Deposit $10
Leverage ≤500:1
MT4
MT5

Popularity 2/5
Minimum Deposit $1
ECN $50 (Min. Deposit)
Leverage ≤3000:1
MT4
MT5

Popularity 3/5
Minimum Deposit $100
ECN $100 (Min. Deposit)
Leverage ≤30:1
MT4
MT5

Popularity 2/5
Minimum Deposit $10
ECN $500 (Min. Deposit)
Leverage ≤500:1
MT4
MT5

Popularity 3/5
Minimum Deposit $100
Leverage ≤30:1
MT4
MT5

44
Review
Popularity 2/5
Minimum Deposit $10
Leverage ≤1000:1
MT4
MT5

Popularity 2/5
Minimum Deposit $100
Leverage ≤1000:1
MT4
MT5
Bonus $30 Residents within EEA are not eligible for this bonus Residents within Australia are not eligible for this bonus

Popularity 2/5
Minimum Deposit $25
Leverage ≤1000:1
MT4
MT5

Popularity 2/5
Minimum Deposit $100
Leverage ≤400:1
MT4
MT5

48
Review
Popularity 2/5
Minimum Deposit $20
Leverage ≤30:1
MT4
MT5

Popularity 2/5
Minimum Deposit $300
ECN $2000 (Min. Deposit)
Leverage ≤500:1
MT4
MT5

Popularity 3/5
Minimum Deposit $100
Leverage ≤300:1
MT4
MT5

Popularity 2/5
Minimum Deposit $10
Leverage ≤1000:1
MT4
MT5

Popularity 2/5
Minimum Deposit $1 / 0.0001₿
Leverage ≤500:1
MT4
MT5

Popularity 2/5
Minimum Deposit $1
Leverage ≤1000:1
MT4
MT5
Bonus $10 Residents within EEA are not eligible for this bonus

Popularity 2/5
Minimum Deposit 0.001₿
Leverage ≤500:1
MT4
MT5

Popularity 2/5
Minimum Deposit $15
Leverage ≤3000:1
MT4
MT5

Popularity 2/5
Minimum Deposit $100
ECN $100 (Min. Deposit)
Leverage ≤1000:1
MT4
MT5

Popularity 2/5
Minimum Deposit $200
ECN $500 (Min. Deposit)
Leverage ≤500:1
MT4
MT5

58
Review
Popularity 2/5
Minimum Deposit $5
Leverage ≤1000:1
MT4
MT5


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Forex trading in Nigeria is becoming increasingly popular as more and more people are looking to invest in the currency market. However, it is important to note that the Nigerian currency market is still relatively new and not as well-established as other markets around the world.

Forex trading in Nigeria is done through licensed and regulated Forex brokers. These brokers provide access to the currency market and allow traders to buy and sell currencies online. The most popular currencies traded in Nigeria are the US dollar, euro, pound sterling, and the Japanese yen.

The Nigerian currency market is subject to the same economic and political factors that affect other markets around the world. These factors include interest rates, inflation, and political stability. Traders in Nigeria need to pay attention to these factors and use them to make informed trading decisions.

Forex trading in Nigeria can be interesting, but it is also very risky. Traders need to have a good understanding of the currency market and be able to manage their risk effectively. They should also have a well-planned trading strategy and be willing to take a long-term approach to their trading.

Overall, Forex trading in Nigeria is an opportunity for those who are looking to invest in the currency market. However, it is important to be well-informed and to take a cautious approach to trading.

What is Forex?



Forex is a shortened term used for "FOReign EXchange" (commonly known as FX), it is typically used to describe the process of buying and selling currencies. Forex is a global market for the trading of currencies, it is the largest market in the world, opened 24 hours a day from Sunday evening until Friday night. Forex is also the most liquid financial market, there is a huge trading volume: each day, more than 5 trillion dollars are exchanged, there are always a lot of trades.

Forex trading



Currency values rise and fall against each other due to a number of economic, technical and geopolitical factors. The common goal of forex trading is to profit from these changes in the value of one currency against another. All forex pairs are quoted in terms of one currency versus another, Forex trading is the act of simultaneously buying one currency while selling another. Each currency pair has a "base" currency and a "counter" currency. The base currency is the currency on the left of the currency pair and the counter currency is on the right. For example, in EUR/USD, EUR is the "base" currency and USD the "counter" currency. A forex trader will buy a currency pair if he expects its exchange rate will rise in the future and sell a currency pair if he expects its exchange rate will fall in the future.

What is a broker?



Traders must conduct their trading activities through a forex broker. A broker acts as an intermediary between the buyer and the seller involved in a forex transaction. They provide trading platforms that allow traders to buy and sell foreign currencies. Traders have to take the time to research and compare options to find the broker that best fits their needs.


Risk Warning: Investments involve a high level of risk. It is possible to lose all your capital.

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