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 3/5 $200 ≤500:1 Review
3  RoboForex 3/5 $10 $10 ≤2000:1 Review
4  XM Group 4/5 $5 ≤1000:1 $50 Review
5  JustMarkets 3/5 $1 $100 ≤3000:1 $30 Review
6  Alpari 3/5 $200 $300 ≤1000:1 Review
7  FBS 3/5 $5 ≤3000:1 Review
8  LiteFinance 3/5 $10 ≤1000:1 Review
9  Deriv 4/5 $5 ≤1000:1 Review
10  FxPro 3/5 $100 ≤1000:1 Review
11  XTB 4/5 ≤200:1 Review
12  admirals 3/5 $1 ≤500:1 $100 Review
13 HFM 3/5 ≤2000:1 Review
14 Fortrade 3/5 $100 $100 ≤200:1 Review
15  AMarkets 2/5 $100 $200 ≤3000:1 Review
16  Pepperstone 3/5 $10 $10 ≤500:1 Review
17  FXOpen 2/5 $1 / 0.0001₿ $100 / 0.01₿ ≤500:1 $10 Review
18  OctaFx 3/5 $50 $100 ≤500:1 Review
19  FP Markets 3/5 $100 $100 ≤500:1 Review
20  FreshForex 2/5 400 NGN / $1 400 NGN / $1 ≤2000:1 $99 Review
21 IronFX 2/5 $100 $100 ≤1000:1 Review
22  InstaForex 3/5 $1 ≤1000:1 $500 Review
23 ThinkMarkets 2/5 $1 $500 Review
24 SuperForex 2/5 400 NGN / $1 ≤2000:1 $88 Review
25  AvaTrade 3/5 $100 ≤400:1 Review
26 FxGlory 2/5 $1 ≤3000:1 Review
27  LQDfx 2/5 $20 ≤1000:1 Review
28 BlackBull Markets 2/5 $1 ≤500:1 Review
29 IFC Markets 2/5 $1000 ≤400:1 Review
30  Weltrade 2/5 $25 ≤1000:1 Review
31 TradersWay 2/5 $1 $10 ≤1000:1 Review
32  ForexChief 2/5 $10 ≤1000:1 $100 Review
33  ActivTrades 3/5 $10 ≤200:1 Review
34  NordFX 2/5 $5 $1000 ≤1000:1 Review
35 LMFX 2/5 $10 ≤1000:1 Review
36  FXTM 3/5 $50 $500 Review
37  Libertex 3/5 $100 ≤30:1 Review
38  EagleFX 2/5 $10 ≤500:1 Review
39  GrandCapital 2/5 $10 $500 ≤500:1 Review
40  IQ Option 3/5 Review
41  FiboGroup 2/5 $1 $50 ≤1000:1 Review
42 NPBFX 2/5 $10 ≤1000:1 Review
43  Eightcap 3/5 $100 ≤500:1 Review
44 HYCM 2/5 $20 ≤30:1 Review
45  Axi 2/5 $1 ≤400:1 Review
46  ForexMart 2/5 $15 ≤3000:1 Review
47 N1CM 2/5 $5 ≤1000:1 Review
48 Land-FX 2/5 $300 $2000 ≤500:1 Review
49 SimpleFX 2/5 $1 / 0.0001₿ ≤500:1 Review
50 Mtrading 2/5 $100 ≤1000:1 $30 Review
51  worldforex 2/5 $1 ≤1000:1 $10 Review
52 FX Choice 2/5 $10 / 0.001₿ $100 / 0.01₿ ≤1000:1 Review
53  Amega 2/5 $20 ≤1000:1 Review
54  Orbex 2/5 $200 $500 ≤500:1 Review
55 FxPrimus 2/5 $100 $100 ≤1000:1 Review
56 Coinexx 2/5 0.001₿ ≤500:1 Review
57  Forexee 2/5 $50 $200 ≤500:1 Review
58 Globex360 2/5 $100 ≤500:1 Review
59 easyMarkets 2/5 $100 ≤400:1 Review
60 Markets.com 2/5 $100 ≤300:1 Review
61 FXGiants 2/5 $100 $200 ≤1000:1 Review
62 NSFX 2/5 $300 $3000 ≤50:1 Review
Popularity 5/5
Minimum Deposit 400 NGN / $1
ECN 4000 NGN / $10 (Min. Deposit)
Leverage ≤2000:1
MT4
MT5

Popularity 3/5
Minimum Deposit $200
Leverage ≤500:1
MT4
MT5

Popularity 3/5
Minimum Deposit $10
ECN $10 (Min. Deposit)
Leverage ≤2000:1
MT4
MT5

Popularity 4/5
Minimum Deposit $5
Leverage ≤1000:1
MT4
MT5
Bonus $50 Residents within Australia are not eligible for this bonus

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 $200
ECN $300 (Min. Deposit)
Leverage ≤1000:1
MT4
MT5

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

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

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

Popularity 3/5
Minimum Deposit $100
Leverage ≤1000:1
MT4
MT5

11
Review
Popularity 4/5
Leverage ≤200:1
MT4
MT5

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

13
Review
Popularity 3/5
Leverage ≤2000:1
MT4
MT5

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

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

Popularity 3/5
Minimum Deposit $10
ECN $10 (Min. Deposit)
Leverage ≤500:1
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 $50
ECN $100 (Min. Deposit)
Leverage ≤500:1
MT4
MT5

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

Popularity 2/5
Minimum Deposit 400 NGN / $1
ECN 400 NGN / $1 (Min. Deposit)
Leverage ≤2000:1
MT4
MT5
Bonus $99

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

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

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

Popularity 2/5
Minimum Deposit 400 NGN / $1
Leverage ≤2000:1
MT4
MT5
Bonus $88

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

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

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

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

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

Popularity 2/5
Minimum Deposit $25
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 ≤1000:1
MT4
MT5
Bonus $100

Popularity 3/5
Minimum Deposit $10
Leverage ≤200:1
MT4
MT5

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

35
Review
Popularity 2/5
Minimum Deposit $10
Leverage ≤1000:1
MT4
MT5

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

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

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

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

Popularity 3/5
MT4
MT5

Popularity 2/5
Minimum Deposit $1
ECN $50 (Min. Deposit)
Leverage ≤1000:1
MT4
MT5

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

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

44
Review
Popularity 2/5
Minimum Deposit $20
Leverage ≤30:1
MT4
MT5

45
Review
Popularity 2/5
Minimum Deposit $1
Leverage ≤400:1
MT4
MT5

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

47
Review
Popularity 2/5
Minimum Deposit $5
Leverage ≤1000:1
MT4
MT5

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

Popularity 2/5
Minimum Deposit $1 / 0.0001₿
Leverage ≤500:1
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 $1
Leverage ≤1000:1
MT4
MT5
Bonus $10 Residents within EEA are not eligible for this bonus

Popularity 2/5
Minimum Deposit $10 / 0.001₿
ECN $100 / 0.01₿ (Min. Deposit)
Leverage ≤1000:1
MT4
MT5

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

Popularity 2/5
Minimum Deposit $200
ECN $500 (Min. Deposit)
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 0.001₿
Leverage ≤500:1
MT4
MT5

Popularity 2/5
Minimum Deposit $50
ECN $200 (Min. Deposit)
Leverage ≤500:1
MT4
MT5

Popularity 2/5
Minimum Deposit $100
Leverage ≤500:1
MT4
MT5

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

Popularity 2/5
Minimum Deposit $100
Leverage ≤300:1
MT4
MT5

Popularity 2/5
Minimum Deposit $100
ECN $200 (Min. Deposit)
Leverage ≤1000:1
MT4
MT5

62
Review
Popularity 2/5
Minimum Deposit $300
ECN $3000 (Min. Deposit)
Leverage ≤50:1
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.

The information on this site is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation and is not directed at residents of: Australia · Belgium · Canada · Spain · France · Israel · Japan · Latvia · New Zealand · Portugal · Turkey · United States ·