Best-Forex-Brokers-In-Nigeria-2020

List Of Best Forex Broker In Nigeria

The top 8 forex brokers in Nigeria for international forex trading on a range of forex markets are:

  • Pepperstone – Best MetaTrader 4 + 5 Forex Broker
  • IC Markets – Lowest Spreads and Fees FX Broker
  • easyMarkets – Best Forex Broker For Beginners
  • CMC Markets – Lowest $0 Minimum Deposit
  • FXTM – Local Nigerian Naira ₦ (NGN) Funding
  • OANDA – Most regulated broker (FCA, ASIC etc)
  • Hugosway – ECN Forex Trading Account
  • Plus500 – Best Forex Demo Account + Cryptocurrency

Broker Reviewed

Pepperstone
IC Markets
CMC Markets
FXTM
Plus500
Our Rating
9.17
8.83
7.17
6
5.83
Most Awarded Broker
Best Spread Broker
Trade with CFDs and on Stock Market
High leverage
Ideal For Beginners

Regulations and Licenses

Feature
Pepperstone
IC Markets
CMC Markets
FXTM
Plus500
ASIC (Australia)
FCA (UK)
FSCA (South Africa)
Pending

Brokerage

Feature
Pepperstone
IC Markets
CMC Markets
FXTM
Plus500
EUR/USD Avg. Raw Spread
0.13
0.1
0.4 (ECN)
GBP/USD Avg. Raw Spread
0.51
0.4
0.7
EUR/USD Standard Spread
1.13
1.1
1.2
1.3 (Standard)
0.6
Commissions (USD Base)
AUD $3.50
USD $3.50
USD$2.00
Commission Rebates
Minimum Deposit
$200
USD $200
$0
USD$500
$0
Has Islamic Account
No Inactivity Fees
Funding Methods
16
15
6
13
3
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
CMC Markets
FXTM
Plus500
Currency Pairs
66+
65+
339+
59+
60+
Cryptocurrency CFDs
4+
10+
12+
4+
10+
Index CFDs
2+
16+
46+
11+
67+
Share CFDs
5+
100+
9000+
180+
1816+
Commodities CFD
4+
19+
111+
3+
17+
Stockbroking
9000+
10+
Retail Max. Leverage
500:1
500:1
30:1 (Europe) / 20:1 (SG) / 500:1 (intl)
1000:1 (FCS) 30:1 (FCA/CySEC)
FCA 30:1 ASIC 300:1 MAS 20:1
Professional Leverage
500:1
500:1
500:1
300:1

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
CMC Markets
FXTM
Plus500
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
MetaTrader 4 only
Social + Copy Trading
Investment account only
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
ESMA regulated territories only
ESMA regulated territories only
Only in ESMA regulated territories
ESMA regulated territories only
Demo Account
Unique Feature 1
Smart Trader Tools
ECN pricing
Offers both CFD and Stock trading
Floating leverage
Trade cannabis index and share CFDs
Unique Feature 2
Fast Execution Speed
Range of fee free funding options
Trade Treasury notes
Range of account types
Guaranteed stop loss trading option

Overall