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

Popularity 4/5
Minimum Deposit $200
Leverage ≤500:1
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 3/5
Minimum Deposit $5
Leverage ≤3000:1
MT4
MT5

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
ECN $100 (Min. Deposit)
Leverage ≤3000:1
MT4
MT5
Bonus $30 Residents within EEA 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 $100
Leverage ≤1000:1
MT4
MT5

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

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

16
Review
Popularity 4/5
Leverage ≤200:1
MT4
MT5

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

37
Review
Popularity 2/5
Minimum Deposit $10
Leverage ≤1000:1
MT4
MT5

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

39
Review
Popularity 3/5
Minimum Deposit $1
Leverage ≤400:1
MT4
MT5

Popularity 3/5
MT4
MT5

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

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

43
Review
Popularity 2/5
Minimum Deposit $20
Leverage ≤30:1
MT4
MT5

44
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
Leverage ≤1000:1
MT4
MT5
Bonus $10 Residents within EEA are not eligible for this bonus

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 $15
Leverage ≤3000:1
MT4
MT5

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

Popularity 2/5
Minimum Deposit 0.001₿
Leverage ≤500:1
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 $100
Leverage ≤300:1
MT4
MT5

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

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

Popularity 2/5
Minimum Deposit $100
ECN $200 (Min. Deposit)
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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