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 3/5 $10 / 0.001₿ $10 / 0.001₿ ≤2000:1 Review
4  XM Group 4/5 $5 $30 Review
5  JustMarkets 3/5 $1 $100 ≤3000:1 $30 Review
6  Alpari 3/5 $200 $300 ≤1000:1 Review
7  LiteFinance 3/5 $10 ≤1000:1 Review
8  FBS 3/5 $1 ≤3000:1 $70 Review
9  FxPro 3/5 $100 ≤1000:1 Review
10  Deriv 4/5 $5 ≤1000:1 Review
11 Fortrade 2/5 $100 $100 ≤200:1 Review
12  AMarkets 2/5 $100 $200 ≤3000:1 Review
13  Pepperstone 3/5 $10 $10 ≤500:1 Review
14  XTB 4/5 ≤200:1 Review
15  admirals 3/5 $1 ≤500:1 $100 Review
16  InstaForex 3/5 $1 ≤1000:1 $500 Review
17  FXOpen 2/5 $1 / 0.0001₿ $100 / 0.01₿ ≤500:1 $10 Review
18 IronFX 2/5 $100 $100 ≤1000:1 Review
19 HFM 3/5 ≤1000:1 Review
20  AvaTrade 3/5 $100 ≤400:1 Review
21  OctaFx 4/5 $50 $100 ≤500:1 Review
22  LQD 2/5 $20 ≤500:1 Review
23 FX Choice 2/5 $10 / 0.001₿ $100 / 0.01₿ ≤1000:1 $30 Review
24 TradersWay 2/5 $1 $10 ≤1000:1 Review
25 Trading212 3/5 $150 ≤20:1 Review
26  FreshForex 2/5 $1 $1 ≤2000:1 $99 Review
27  FP Markets 2/5 $100 $100 ≤500:1 Review
28  NordFX 2/5 $5 $1000 ≤1000:1 Review
29  IQ Option 4/5 Review
30  FiboGroup 2/5 $1 $50 ≤1000:1 Review
31  ForexChief 2/5 $10 ≤1000:1 $100 Review
32 FxGlory 2/5 $1 ≤3000:1 Review
33 SuperForex 2/5 400 NGN / $1 ≤2000:1 $88 Review
34  FXTM 3/5 $50 $500 Review
35  Axi 2/5 $1 ≤400:1 Review
36 IFC Markets 2/5 $1000 ≤400:1 Review
37 BlackBull Markets 2/5 $1 ≤500:1 Review
38  EagleFX 2/5 $10 ≤500:1 Review
39  Weltrade 2/5 $25 ≤1000:1 Review
40 NPBFX 2/5 $10 ≤1000:1 Review
41  Libertex 3/5 $100 ≤30:1 Review
42  GrandCapital 2/5 $10 $500 ≤500:1 Review
43 HYCM 2/5 $100 ≤30:1 Review
44 LMFX 2/5 $10 ≤1000:1 Review
45 ThinkMarkets 2/5 $1 $500 Review
46  Eightcap 3/5 $100 ≤500:1 Review
47 SimpleFX 3/5 $1 / 0.0001₿ ≤500:1 Review
48 N1CM 2/5 $5 ≤1000:1 Review
49  ForexMart 2/5 $15 ≤3000:1 Review
50 Mtrading 2/5 $100 ≤1000:1 Review
51  Forexee 2/5 $50 $200 ≤500:1 $15 Review
52 Land-FX 2/5 $300 $2000 ≤500:1 Review
53  Orbex 2/5 $200 $500 ≤500:1 Review
54 FxPrimus 2/5 $100 $100 ≤1000:1 Review
55  worldforex 2/5 $1 ≤1000:1 $10 Review
56  Amega 2/5 $20 ≤1000:1 Review
57 Coinexx 2/5 0.001₿ ≤500:1 Review
58 Globex360 2/5 $100 ≤500:1 Review
59  ActivTrades 2/5 $10 ≤200:1 Review
60 easyMarkets 2/5 $100 ≤400:1 Review
61 Markets.com 2/5 $100 ≤300:1 Review
62 FXGiants 2/5 $100 $200 ≤1000:1 Review
63 HF Markets 2/5 $50 ≤30:1 Review
64 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 4/5
Minimum Deposit $200
Leverage ≤500:1
MT4
MT5

Popularity 3/5
Minimum Deposit $10 / 0.001₿
ECN $10 / 0.001₿ (Min. Deposit)
Leverage ≤2000:1
MT4
MT5

Popularity 4/5
Minimum Deposit $5
MT4
MT5
Bonus $30

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 $10
Leverage ≤1000:1
MT4
MT5

Popularity 3/5
Minimum Deposit $1
Leverage ≤3000:1
MT4
MT5
Bonus $70 Residents within EEA are not eligible for this bonus

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

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

Popularity 2/5
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

14
Review
Popularity 4/5
Leverage ≤200:1
MT4
MT5

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

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

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

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

19
Review
Popularity 3/5
Leverage ≤1000:1
MT4
MT5

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

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

22
Review
Popularity 2/5
Minimum Deposit $20
Leverage ≤500:1
MT4
MT5

Popularity 2/5
Minimum Deposit $10 / 0.001₿
ECN $100 / 0.01₿ (Min. Deposit)
Leverage ≤1000:1
MT4
MT5
Bonus $30 Residents within EEA are not eligible for this bonus

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

Popularity 3/5
Minimum Deposit $150
Leverage ≤20:1
MT4
MT5

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

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

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

Popularity 4/5
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
Bonus $100

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

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

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

35
Review
Popularity 2/5
Minimum Deposit $1
Leverage ≤400:1
MT4
MT5

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

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

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

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

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

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

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

43
Review
Popularity 2/5
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 $1
ECN $500 (Min. Deposit)
MT4
MT5

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

Popularity 3/5
Minimum Deposit $1 / 0.0001₿
Leverage ≤500:1
MT4
MT5

48
Review
Popularity 2/5
Minimum Deposit $5
Leverage ≤1000:1
MT4
MT5

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

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

Popularity 2/5
Minimum Deposit $50
ECN $200 (Min. Deposit)
Leverage ≤500:1
MT4
MT5
Bonus $15

Popularity 2/5
Minimum Deposit $300
ECN $2000 (Min. Deposit)
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 $1
Leverage ≤1000:1
MT4
MT5
Bonus $10

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

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

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

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

Popularity 2/5
Minimum Deposit $50
Leverage ≤30:1
MT4
MT5

64
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.

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