Top Forex Brokers in Nigeria

Forex Nigeria
Forex Nigeria

Nigeria is one of the fast-growing Forex markets in the world. The forex market in the country is regulated by the Central Bank Of Nigeria. There aren't restrictions and the traders in Nigeria can trade with the best Forex brokers in the world at the best trading conditions.

Nigeria is with a population of over 206 million people and there is the biggest forex community in Africa. There is a variety of different courses and trading tools that could improve the success of trading forex.

How to Choose Best Nigerian Forex and CFD broker

There are several main points which you should bear in mind when you choose your forex broker. You have to check the list with trading instruments - if the pair that you want to trade is in the list of the broker. Another important point is Support. Most of the brokers provide English support via mail and phone, but if you want to receive support on the Nigerian language, please check this in advance. There isn't a leverage restriction in Nigeria, but if you choose a European licensed broker, the leverage can be limited.

Forex Broker Min deposit Leverage Deposit method Platforms Spread Swaps Support
Pepperstone

Visit

200 AUD  1:30
  • Visa
  • Mastercard
  • POLi
  • Bank transfer
  • BPay
  • PayPal
  • Neteller
  • Skrill
  • Union Pay
  • MT4
  • MT5
  • cTrader
Plus500

Visit
100 USD  1:30
  • Visa
  • Mastercard
  • Bank transfer
  • PayPal
  • Skrill
  • Plus500
XTB

Visit
250 USD  1:30
  • Visa
  • Mastercard
  • Bank transfer
  • PayPal
  • Skrill
  • MT4
XM

Visit
5 USD  1:30
  • Visa
  • Mastercard
  • Bank transfer
  • Other electronic methods
  • MT4
CMC Markets 0 USD  1:30
  • Visa
  • Mastercard
  • Bank transfer
  • MT4
  • Next Generation
IG Markets 300 USD  1:30
  • Visa
  • Mastercard
  • Bank transfer
  • HKD FPS
  • MT4
  • IG's trading platform

Trading platforms

Nigerian forex market is open without restriction where the trades can trade. And there are a lot of forex brokers which operate in Nigeria. Some of the brokers offer the most known MetaTrader 4 and Metatrader 5 platform. These platforms are leaders in retail forex and offer a lot of possibilities including Algo trading. Other brokers offer their own developed platforms that offer many features including news information, a lot of analysis, social trading, and others.

List of trading instruments

The traders in Nigeria can choose from the best forex brokers in the world. These brokers offer thousands of trading instruments including 100+ forex trading pairs, gold, silver, CFDs based on the major stock indices, commodities, cryptocurrencies, and others.

Conclusion

Nigeria has the biggest forex community in Africa. This attracts a lot of forex brokers that offer the most competitive trading conditions. Nigerian clients can trade through a lot of platforms and at thousands of trading instruments.

Forex Brokers Ranking

Looking for an independent and professional Forex brokers review? Our researches will help you find a broker supporting all financial instruments you may need. It will also help you choose the best trading platform for your manual or automated trading.

Disclaimer: Trading Forex (foreign exchange) or CFDs (contracts for difference) on margin carries a high level of risk and may not be suitable for all investors. Please note that FxBrokersRanking.com do not provide any kind of financial advices or recommendations.

Advertiser Disclosure: FxBrokersRanking.com is free for everyone, but earns a commission from some of the brokers. We get a commission, with no additional cost to you.

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