Best Nigerian Forex Brokers List

Top 10 Forex Broker In Nigeria

Our best list of registered forex brokers in Nigeria is.

  • Markets.com – Best Forex Broker In Nigeria
  • Pepperstone – Top MetaTrader 4 Trading Platform
  • IC Markets – Lowest Spreads Forex Trading
  • FXTM – Nigerian Naira (NGN) Funding
  • HotForex – FCA Regulated Broker For Beginners
  • OctaFX – Lowest $0 Minimum Deposit
  • AvaTrade – Best Fixed Spread Trading Account
  • Hugosway – ECN Forex Trading Account
  • OANDA – Most Regulated Broker (FCA, ASIC)
  • Plus500 – Best Forex Demo Account
Markets.com
Pepperstone
IC Markets
FXTM
Plus500
Our Rating
8.17
9.17
8.83
6
5.83
Markets review
Active Trader Discounts
Best Spread Broker
High leverage
80.5% of retail CFD accounts lose money

Regulations and Licenses

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

Brokerage

Feature
Markets.com
Pepperstone
IC Markets
FXTM
Plus500
EUR/USD Avg. Raw Spread
0.13
0.10 Raw Account
0.4 (ECN)
GBP/USD Avg. Raw Spread
0.51
0.40 Raw Account
0.7
EUR/USD Standard Spread
0.6
1.13
1.10
1.3 (Standard)
0.8
Commissions (USD Base)
AUD $3.50
USD $3.50
$3.50
USD$2.00
Commission Rebates
Minimum Deposit
$250
AUD $200
USD $200
$200
USD$500
100
Swap Free Account
No Inactivity Fees
Funding Methods
Wire transfer, Visa, MasterCard, Skrill, Neteller, PayPal
16
15
13
3
No Funding Fees

Markets and Instruments

Feature
Markets.com
Pepperstone
IC Markets
FXTM
Plus500
Currency Pairs
120
66+
65+
59+
60+
Cryptocurrency CFDs
7
4+
10+
4+
10+
Index CFDs
58
2+
16+
11+
67+
Share CFDs
3312
5+
100+
180+
1816+
Commodities CFD
36
4+
19+
3+
17+
Stockbroking
10+
Retail Max. Leverage
300:1
500:1
500:1
1000:1 (FCS)
30:1 (FCA/CySEC)
30:1 (FCA)
300:1 (ASIC)
20:1 (MAS)
Professional Leverage
300:1
500:1
500:1
300:1

Trading Platforms + Tools

Feature
Markets.com
Pepperstone
IC Markets
FXTM
Plus500
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
ESMA regulated territories only
ESMA regulated territories only
Demo Account
Unique Feature 1
Unique Trading Tools
Smart Trader Tools
ECN pricing
Floating leverage
Trade cannabis index
Unique Feature 2
Fast Execution Speed
Range of fee free funding options
Range of account types
Guaranteed stop-loss

Overall

Markets.com
Pepperstone
IC Markets
FXTM
Plus500