Top 10 Forex Brokers In Nigeria

Our Sept 2021 best list of registered forex brokers in Nigeria is.

  • Markets.com Markets.com - Best Forex Broker In Nigeria
  • Pepperstone Pepperstone - MT4 Best Forex Trading Platform
  • FP Markets FP Markets - STP Forex Trading Account
  • FXTM FXTM - Nigerian Naira (NGN) Funding
  • IC Markets IC Markets - Lowest Spread Nigerian Broker
  • hotforex logo HotForex - Best High Leverage Forex Broker
  • avatrade logo AvaTrade - Best Fixed Spread Trading Account
  • oanda logo OANDA - Most Regulated Broker (FCA, ASIC)
  • Plus500 Plus500 - Best Forex Demo Account
  • octafx logo OctaFX - Top Nigerian Islamic Account

Markets.com
Pepperstone
IC Markets
FP Markets
FXTM
Our Rating
8.17
9.17
6.83
8
6
77% of retail investor accounts lose money when trading CFDs with this provider.
Active Trader Discounts
Lowest Spreads
FP Markets don't provide % of clients who lose money
High leverage

Regulations and Licenses

Feature
Markets.com
Pepperstone
IC Markets
FP Markets
FXTM
ASIC (Australia)
FCA (UK)
FSCA (South Africa)
Pending

Brokerage

Feature
Markets.com
Pepperstone
IC Markets
FP Markets
FXTM
EUR/USD Avg. Raw Spread
0.09
0.10
0.01
0.3 (ECN)
GBP/USD Avg. Raw Spread
0.38
0.40
0.2
0.5
EUR/USD Standard Spread
0.6
0.69
1.10
1.2
1.9 (Standard)
Commissions (USD Base)
AUD $3.50
USD $3.50
$3.50
USD $3.00
USD$2.00
Commission Rebates
Minimum Deposit
$250
AUD $200
USD $200
$200
$100
USD$500
Swap Free Account
No Inactivity Fees
Funding Methods
6
16
15
8
13
No Funding Fees

Markets and Instruments

Feature
Markets.com
Pepperstone
IC Markets
FP Markets
FXTM
Currency Pairs
120
66+
65
61+
59+
Cryptocurrency CFDs
7
12
10
5+
4+
Index CFDs
58
14+
16
14+
11+
Share CFDs
3312
300+
100
12,986+
180+
Commodities CFD
36
4+
19
4+
3+
Stockbroking
10+
Retail Max. Leverage
30:1
500:1
30:1
30:1 ASIC
30:1 Europe
500:1 International
30:1 (FCA/CySEC)
2000:1 (FCS/International)
Professional Leverage
300:1
500:1
500:1
500:1

Trading Platforms + Tools

Feature
Markets.com
Pepperstone
IC Markets
FP Markets
FXTM
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Investment account only
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
ESMA regulated territories only
(Aust/Europe only)
ESMA regulated territories only
Demo Account
Unique Feature 1
Unique Trading Tools
Smart Trader Tools
ECN pricing
Fastest Limit Order Execution Speed
Floating leverage
Unique Feature 2
Share Dealing
Fast Execution Speed
Range of fee free funding options
Low spreads
Range of account types

Overall