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 Exness 400 NGN / $1 120000 NGN / $300 ≤9999:1
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2 RoboForex $10 / 0.001₿ $10 / 0.001₿ ≤2000:1
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3 IC Markets $200 $200 ≤500:1
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4 Alpari $200 $300 ≤1000:1
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5 LiteForex $10 ≤1000:1
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6 XM Group $30
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7 FBS $1 ≤3000:1 $70
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8 HotForex ≤1000:1
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9 JustForex $1 $100 ≤3000:1
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10 InstaForex $1 ≤1000:1 $500
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11 OctaFx $50 $100 ≤500:1
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12 AMarkets $100 $200 ≤1000:1
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13 FXTM $10 $500
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14 FX Choice $100 / 0.01₿ $100 / 0.01₿ ≤200:1
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15 FxGlory $1 ≤3000:1
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16 BDSwiss $100 ≤500:1
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17 AvaTrade $100 ≤400:1
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18 eToro $200
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19 admirals $1 ≤500:1
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20 FreshForex $1 $1 ≤2000:1 $2021
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21 LMFX $10 ≤1000:1
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22 LQDFX $20 ≤500:1
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23 FXOpen $1 / 0.0001₿ $100 / 0.01₿ ≤500:1 $10
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24 IQ Option $10 ≤500:1
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25 IronFX $100 $100 ≤1000:1
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26 NordFX $5 $1000 ≤1000:1
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27 FP Markets $100 $100 ≤500:1
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28 BlackBull Markets $200 ≤500:1
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29 XTB ≤200:1
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30 FxPro $100 ≤200:1
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31 ForexMart $1 ≤500:1
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32 FortFS $5 $500 ≤1000:1 $35
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33 Fortrade $100 $100 ≤200:1
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34 HYCM $100 ≤500:1
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35 FiboGroup $1 $50 ≤1000:1
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36 TradersWay $1 $50 ≤1000:1
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37 IFC Markets $1000 ≤400:1
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38 Pepperstone $200 $200 ≤30:1
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39 FXCM
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40 Axi $1 ≤400:1
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41 GrandCapital $10 $500 ≤2000:1 $500
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42 ForexChief $100 ≤1000:1
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43 TigerWit $50 ≤400:1
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44 SuperForex 400 NGN / $1 ≤2000:1 $88
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45 Globex360 $100 ≤500:1
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46 NPBFX $10 ≤1000:1
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47 NumberOne CM $5 ≤1000:1
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48 SimpleFX $1 / 0.0001₿ ≤500:1
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49 OlympTrade $15 ≤400:1
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50 Land-FX $300 $2000 ≤500:1
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51 Orbex $200 $500 ≤500:1
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52 Weltrade $25 ≤1000:1
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53 Tifia 4000 NGN / $10 200000 NGN / $500 ≤1000:1
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54 Eightcap $100 ≤500:1
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55 ActivTrades $100 ≤200:1
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56 Deriv $5 ≤1000:1
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57 ThinkMarkets $250 $2000 ≤500:1
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58 worldforex $1 ≤1000:1 $10
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59 Libertex $100 ≤30:1
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60 Forex.ee $50 $200 ≤500:1 $15
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61 Mtrading $100 ≤1000:1 $30
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62 HF Markets $50 ≤30:1
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63 FxPrimus $100 $100 ≤1000:1
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64 Capital.com $20 ≤30:1
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65 Trading212 $150 ≤20:1
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66 Markets.com $100 ≤300:1
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67 Naga $250 ≤1000:1
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68 easyMarkets $100 ≤400:1
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69 FXGiants $100 $200 ≤1000:1
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70 GO Markets $200 ≤500:1
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71 NSFX $300 $3000 ≤50:1
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Minimum Deposit 400 NGN / $1
ECN 120000 NGN / $300 (Min. Deposit)
Leverage ≤9999:1
MT4
MT5

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

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

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

Minimum Deposit $10
Leverage ≤1000:1
MT4
MT5

MT4
MT5
Bonus $30

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

Leverage ≤1000:1
MT4
MT5

Minimum Deposit $1
ECN $100 (Min. Deposit)
Leverage ≤3000:1
MT4
MT5

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

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

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

Minimum Deposit $10
ECN $500 (Min. Deposit)
MT4
MT5

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

Minimum Deposit $1
Leverage ≤3000:1
MT4
MT5

Minimum Deposit $100
Leverage ≤500:1
MT4
MT5

Minimum Deposit $100
Leverage ≤400:1
MT4
MT5

Minimum Deposit $200
MT4
MT5

Minimum Deposit $1
Leverage ≤500:1
MT4
MT5

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

Minimum Deposit $10
Leverage ≤1000:1
MT4
MT5

Minimum Deposit $20
Leverage ≤500:1
MT4
MT5

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

Minimum Deposit $10
Leverage ≤500:1
MT4
MT5

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

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

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

Minimum Deposit $200
Leverage ≤500:1
MT4
MT5

Leverage ≤200:1
MT4
MT5

Minimum Deposit $100
Leverage ≤200:1
MT4
MT5

Minimum Deposit $1
Leverage ≤500:1
MT4
MT5

Minimum Deposit $5
ECN $500 (Min. Deposit)
Leverage ≤1000:1
MT4
MT5
Bonus $35

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

Minimum Deposit $100
Leverage ≤500:1
MT4
MT5

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

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

Minimum Deposit $1000
Leverage ≤400:1
MT4
MT5

Minimum Deposit $200
ECN $200 (Min. Deposit)
Leverage ≤30:1
MT4
MT5

MT4
MT5

Minimum Deposit $1
Leverage ≤400:1
MT4
MT5

Minimum Deposit $10
ECN $500 (Min. Deposit)
Leverage ≤2000:1
MT4
MT5
Bonus $500

Minimum Deposit $100
Leverage ≤1000:1
MT4
MT5

Minimum Deposit $50
Leverage ≤400:1
MT4
MT5

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

Minimum Deposit $100
Leverage ≤500:1
MT4
MT5

Minimum Deposit $10
Leverage ≤1000:1
MT4
MT5

Minimum Deposit $5
Leverage ≤1000:1
MT4
MT5

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

Minimum Deposit $15
Leverage ≤400:1
MT4
MT5

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

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

Minimum Deposit $25
Leverage ≤1000:1
MT4
MT5

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

Minimum Deposit $100
Leverage ≤500:1
MT4
MT5

Minimum Deposit $100
Leverage ≤200:1
MT4
MT5

Minimum Deposit $5
Leverage ≤1000:1
MT4
MT5

Minimum Deposit $250
ECN $2000 (Min. Deposit)
Leverage ≤500:1
MT4
MT5

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

Minimum Deposit $100
Leverage ≤30:1
MT4
MT5

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

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

Minimum Deposit $50
Leverage ≤30:1
MT4
MT5

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

Minimum Deposit $20
Leverage ≤30:1
MT4
MT5

Minimum Deposit $150
Leverage ≤20:1
MT4
MT5

Minimum Deposit $100
Leverage ≤300:1
MT4
MT5

Minimum Deposit $250
Leverage ≤1000:1
MT4
MT5

Minimum Deposit $100
Leverage ≤400:1
MT4
MT5

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

Minimum Deposit $200
Leverage ≤500:1
MT4
MT5

Minimum Deposit $300
ECN $3000 (Min. Deposit)
Leverage ≤50:1
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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