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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Broker
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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 IC Markets $200 ≤500:1 Review
2 Exness 400 NGN / $1 4000 NGN / $10 ≤2000:1 Review
3 RoboForex $10 / 0.001₿ $10 / 0.001₿ ≤2000:1 Review
4 XM Group $5 $30 Review
5 JustForex $1 $100 ≤3000:1 $30 Review
6 FBS $1 ≤3000:1 $70 Review
7 LiteFinance $10 ≤1000:1 Review
8 Deriv $5 ≤1000:1 Review
9 Alpari $200 $300 ≤1000:1 Review
10 HFM ≤1000:1 Review
11 IQ Option $10 ≤500:1 Review
12 admirals $1 ≤500:1 Review
13 XTB ≤200:1 Review
14 FxPro $100 ≤200:1 Review
15 FXOpen $1 / 0.0001₿ $100 / 0.01₿ ≤500:1 Review
16 AvaTrade $100 ≤400:1 Review
17 AMarkets $100 $200 ≤1000:1 Review
18 InstaForex $1 ≤1000:1 $500 Review
19 Capital.com $20 ≤30:1 Review
20 IronFX $100 $100 ≤1000:1 Review
21 Pepperstone $10 $10 ≤500:1 Review
22 LQDFX $20 ≤500:1 Review
23 OctaFx $50 $100 ≤500:1 Review
24 FX Choice $100 / 0.01₿ $100 / 0.01₿ ≤200:1 Review
25 Tifia 4000 NGN / $10 200000 NGN / $500 ≤1000:1 Review
26 NordFX $5 $1000 ≤1000:1 Review
27 FxGlory $1 ≤3000:1 Review
28 FreshForex $1 $1 ≤2000:1 $2021 Review
29 Fortrade $100 $100 ≤200:1 Review
30 BlackBull Markets $200 ≤500:1 Review
31 FXTM $50 $500 Review
32 Trading212 $150 ≤20:1 Review
33 LMFX $10 ≤1000:1 Review
34 FiboGroup $1 $50 ≤1000:1 Review
35 SuperForex 400 NGN / $1 ≤2000:1 $88 Review
36 TradersWay $1 $10 ≤1000:1 Review
37 Axi $1 ≤400:1 Review
38 HYCM $100 ≤500:1 Review
39 Weltrade $25 ≤1000:1 Review
40 GrandCapital $10 $500 ≤500:1 Review
41 FP Markets $100 $100 ≤500:1 Review
42 FXCM Review
43 SimpleFX $1 / 0.0001₿ ≤500:1 Review
44 ForexChief $100 ≤1000:1 $100 Review
45 NPBFX $10 ≤1000:1 Review
46 EagleFX $10 ≤500:1 Review
47 ForexMart $1 ≤500:1 Review
48 Eightcap $100 ≤500:1 Review
49 Land-FX $300 $2000 ≤500:1 Review
50 IFC Markets $1000 ≤400:1 Review
51 ThinkMarkets $1 $500 Review
52 Libertex $100 ≤30:1 Review
53 Mtrading $100 ≤1000:1 $30 Review
54 Orbex $200 $500 ≤500:1 Review
55 NumberOne CM $5 ≤1000:1 Review
56 Naga $250 ≤1000:1 Review
57 Coinexx 0.001₿ ≤500:1 Review
58 Amegafx $1 ≤1000:1 $40 Review
59 ActivTrades $100 ≤200:1 Review
60 TigerWit $50 ≤400:1 Review
61 worldforex $1 ≤1000:1 $10 Review
62 Globex360 $100 ≤500:1 Review
63 FxPrimus $100 $100 ≤1000:1 Review
64 Forex.ee $50 $200 ≤500:1 $15 Review
65 Markets.com $100 ≤300:1 Review
66 easyMarkets $100 ≤400:1 Review
67 FXGiants $100 $200 ≤1000:1 Review
68 NSFX $300 $3000 ≤50:1 Review
69 HFM Europe $50 ≤30:1 Review
Minimum Deposit $200
Leverage ≤500:1
MT4
MT5

Minimum Deposit 400 NGN / $1
ECN 4000 NGN / $10 (Min. Deposit)
Leverage ≤2000:1
MT4
MT5

Minimum Deposit $10 / 0.001₿
ECN $10 / 0.001₿ (Min. Deposit)
Leverage ≤2000:1
MT4
MT5

Minimum Deposit $5
MT4
MT5
Bonus $30

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

Minimum Deposit $1
Leverage ≤3000:1
MT4
MT5
Bonus $70 Residents within EEA are not eligible for this bonus

Minimum Deposit $10
Leverage ≤1000:1
MT4
MT5

Minimum Deposit $5
Leverage ≤1000:1
MT4
MT5

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

10
Review
Leverage ≤1000:1
MT4
MT5

Minimum Deposit $10
Leverage ≤500:1
MT4
MT5

Minimum Deposit $1
Leverage ≤500:1
MT4
MT5

13
Review
Leverage ≤200:1
MT4
MT5

Minimum Deposit $100
Leverage ≤200:1
MT4
MT5

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

Minimum Deposit $100
Leverage ≤400:1
MT4
MT5

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

Minimum Deposit $1
Leverage ≤1000:1
MT4
MT5
Bonus $500

Minimum Deposit $20
Leverage ≤30:1
MT4
MT5

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

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

Minimum Deposit $20
Leverage ≤500:1
MT4
MT5

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

Minimum Deposit $100 / 0.01₿
ECN $100 / 0.01₿ (Min. Deposit)
Leverage ≤200:1
MT4
MT5

Minimum Deposit 4000 NGN / $10
ECN 200000 NGN / $500 (Min. Deposit)
Leverage ≤1000:1
MT4
MT5

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

Minimum Deposit $1
Leverage ≤3000:1
MT4
MT5

Minimum Deposit $1
ECN $1 (Min. Deposit)
Leverage ≤2000:1
MT4
MT5
Bonus $2021

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

Minimum Deposit $200
Leverage ≤500:1
MT4
MT5

Minimum Deposit $50
ECN $500 (Min. Deposit)
MT4
MT5

Minimum Deposit $150
Leverage ≤20:1
MT4
MT5

33
Review
Minimum Deposit $10
Leverage ≤1000:1
MT4
MT5

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

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

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

37
Review
Minimum Deposit $1
Leverage ≤400:1
MT4
MT5

38
Review
Minimum Deposit $100
Leverage ≤500:1
MT4
MT5

Minimum Deposit $25
Leverage ≤1000:1
MT4
MT5

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

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

MT4
MT5

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

Minimum Deposit $100
Leverage ≤1000:1
MT4
MT5
Bonus $100

Minimum Deposit $10
Leverage ≤1000:1
MT4
MT5

Minimum Deposit $10
Leverage ≤500:1
MT4
MT5

Minimum Deposit $1
Leverage ≤500:1
MT4
MT5

Minimum Deposit $100
Leverage ≤500:1
MT4
MT5

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

Minimum Deposit $1000
Leverage ≤400:1
MT4
MT5

Minimum Deposit $1
ECN $500 (Min. Deposit)
MT4
MT5

Minimum Deposit $100
Leverage ≤30:1
MT4
MT5

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

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

Minimum Deposit $5
Leverage ≤1000:1
MT4
MT5

Minimum Deposit $250
Leverage ≤1000:1
MT4
MT5

Minimum Deposit 0.001₿
Leverage ≤500:1
MT4
MT5

Minimum Deposit $1
Leverage ≤1000:1
MT4
MT5
Bonus $40

Minimum Deposit $100
Leverage ≤200:1
MT4
MT5

Minimum Deposit $50
Leverage ≤400:1
MT4
MT5

Minimum Deposit $1
Leverage ≤1000:1
MT4
MT5
Bonus $10

Minimum Deposit $100
Leverage ≤500:1
MT4
MT5

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

Minimum Deposit $50
ECN $200 (Min. Deposit)
Leverage ≤500:1
MT4
MT5
Bonus $15

Minimum Deposit $100
Leverage ≤300:1
MT4
MT5

Minimum Deposit $100
Leverage ≤400:1
MT4
MT5

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

68
Review
Minimum Deposit $300
ECN $3000 (Min. Deposit)
Leverage ≤50:1
MT4
MT5

Minimum Deposit $50
Leverage ≤30:1
MT4
MT5


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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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