Top 10 Forex Brokers In Nigeria

Our best registered forex brokers in Nigeria for September 2023 are:

  • Pepperstone - MT4 Best Forex Trading Platform
  • AvaTrade - Best Fixed Spread Trading Account
  • FP Markets - STP Forex Trading Account
  • FXTM - Nigerian Naira (NGN) Funding
  • IC Markets - Lowest Spread Nigerian Broker
  • HF Markets - Best High Leverage Forex Broker
  • OANDA - Most Regulated Broker (FCA, ASIC)
  • Plus500 - Best Forex Demo Account
Broker Our Rating Regulation Standard
EUR/USD Spread
Standard
GBP/USD Spread
Standard
AUD/USD Spread
Raw
EUR/USD Spread
Raw
GBP/USD Spread
Raw
AUD/USD Spread
Commissions
(USD Base)
MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
9.33 SCG, ASIC
FCA, CySEC
1.12 1.69 1.22 0.1 0.6 0.3 $3.50 77ms $0 62+ 12+ 30:1 500:1 Visit Site
8.33 ASIC, FSCA
CBI, KNF, CIRO
ADGM, FSC-BVI
- - - - - - - 160ms $100 55+ 15+ 30:1 400:1 Visit Site
8.50 ASIC, FSA
CySEC
0.62 0.83 0.77 0.02 0.23 0.17 $3.50 134ms $0 61+ 18+ 30:1 500:1 Visit Site
8.17 ASIC, CySEC 1.1 1.3 1.3 0.10 0.20 0.20 $3.00 225ms $100 63+ 4+ 30:1 500:1 Visit Site
6 FCA, FSCA, CySEC
FSCM, CMA,
1.9 2 2 0.0 0.0 0.5 $2.00 160ms $500 63+ - 30:1 300:1 Visit Site
FCA, FSCA, CYSEC
DFSA,CMA,FSA
1.2 1.9 1.8 0.1 0.3 0.7 $3.00 $0 38+ 19+ Visit Site
8.83 FCA, CIRO, ASIC
MAS, JFSA, FSCM
KNF, NFA/CFTC
0.6 0.9 0.7 - - - - - $0 70+ 4+ Visit Site
5.83 ASIC, CySEC, MAS
FCA, FMA, DFSA
EFSA, FSA, FSCA
1.70 2.3 1.4 - - - - 140ms $100 71+ 15+ 30:1 300:1 Visit Site
 

What Are The Best Forex Brokers in Nigeria?

Choosing a forex broker involves a lot of factors from fees to trading platforms to account types. We have chosen our list of the top forex brokers in Nigeria based on these factors and more, each with a unique broker advantage. Only brokers regulated in Nigeria or by trusted tier-1 regulators have been considered.