2 Queen's Road Central both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. 7 Best Forex Brokers in Nigeria ; 1. FXTM ; 2. AvATrade ; 3. ForexMart ; 4. XM. Trader Queen ; Markets Traded: Forex ; Currency Pairs Traded: EUR/USD ; Skill Level: Intermediate ; Favorite Trading Platform: AvaTrader Mobile By AvaTrade. AIR21 EXPRESS PBA ONLINE BETTING
AvaTrade AvaTrade was founded in and is one of the most popular brokers in the world. As such, AvaTrade has maintained an excellent standing in the industry for its provision of advanced trading platforms coupled with competitive trading conditions. Benefits when trading with AvaTrade include low minimum deposits of just USD, high leverage of and a wide range of financial instruments that include forex, CFD trading as well as cryptocurrencies.
Traders can also enjoy Expert Advisors EAs , lots from 0. Traders can be assured that the company operates with safe trading practices. IG Markets IG Markets traders can enjoy fast trading on different platforms, expert support 24 hours a day from a dedicated support team as well as opportunities to trade a large financial instrument selection, which are offered on the MetaTrader 4 and ProRealTime platforms.
This broker offers traders access to more than 17 financial markets across shares, forex currency pairs, commodities and cryptocurrencies. Award winning technology is used and traders can enjoy negative balance protection, different time frames and several other benefits. As a result of this comprehensive offering, IG Markets has grown a broad client base of more than thousand traders across the globe. Minimum deposits of 5 USD, spreads from 0. HotForex offer a selection of more than 1 popular financial instrument across forex, cryptocurrencies, commodities and precious metals markets.
More than 2 million live accounts have been opened by this broker and some of its awards include Top Companies, Best Client Services Global. HotForex is regulated by 5 reputable financial authorities, allowing traders to take advantage of its distinct benefits and advanced offering in a safe and secure trading environment. Traders can be assured of a safe trading environment and that all regulations are followed. It serves traders across more than countries across the globe.
It offers popular platforms that features more than 30 different languages, 21 different timeframes and trading robots. Traders can choose from a variety of standard and ECN account types. Due to this, African countries such as Nigeria, have more favourable opportunities to start Forex trading through such brokers as they have been welcomed to sign up for a live trading account, allowing them to enter the Forex market.
When comparing reputable and well-regulated Forex Brokers, there are numerous brokers who cater for Nigerian traders through tailored account types along with competitive and comprehensive trading conditions. The best Forex Brokers which are recommended for Nigerian traders 1. FXTM offers the trade in over financial instruments spread over numerous asset classes such as Forex, commodities, cryptocurrency, stocks, shares, and more.
AvATrade offers the trade in over financial instruments spread over numerous asset classes such as Forex, stocks, indices, cryptocurrencies, commodities, options, bonds, and more.
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Regulated: Yes. Pepperstone is also in the process of receiving regulatory approval from the Financial Services Conduct Authority of South Africa. This forex broker aims to provide a cost-effective trading experience for both beginner and experienced forex traders. They claim to have over 1. Octa Forex is also one of the few forex brokers in Nigeria that offers a trading account to Islamic traders looking to comply with sharia law.
Considering Nigeria has a large population of Muslims in West Africa. Octa Fx trading account for Islamic traders has certain features like swap-free trading account, choice of fixed or floating spreads MT4 Micro account only as well as the cTrader trading platform which comes with cTrader copy. Just like Pepperstone, Octa Fx offers traders a choice of 3 trading platforms. This feature allows you to follow and copy the trades of other brokers by using the signals they provide.
OctaFX also offers 3 types of trading accounts. You can also choose between floating and fixed spreads with this trading account. The MT5 Pro account is for the more invested trader. This is a spread-only account but it has a higher minimum deposit. This account uses MetaTrader 5 trading platform. Then this account is very suitable for you. While the cTrader ECN account uses the cTrader trading platform and has commission costs over the spread. Customer Service: Top-Notch customer service with global call centres, live chat and e-mail.
Regulated: OctaFX is regulated in only one tier-2 jurisdiction Cyprus. This forex broker also offers 4 trading platform options to traders as well as a diverse range of 2, different CFDs that are derived from 8 different asset classes that include forex, indices, commodities, shares, ETFs, cryptos, bonds and blends. These are some of the features that make markets. They are great for any trader regardless of their trading experience. The trading platforms that markets.
Hotforex HotForex is one of the top forex brokers in Nigeria as they offer high leverage of than most other brokers who offer a maximum of 1; HotForex also offers a choice of trading accounts as well as bonus offers. Leverage trading which is also called margin trading is a great way to increase your profits with little capital if it is done successfully.
With HotForex, a trader has a choice to choose between 5 trading accounts. The Micro, premium and Zero Spread accounts are suitable for traders that want to manage their trading activities themselves. While Auto and HFCopy accounts are for traders that want to use automation trading or copy trading. One of the best things about HotForex is the bonus offers they give. Traders using HoTForex can have extra cash to trade with.
The maximum permission leverage is XM Forex has three different accounts, all of which have an exact deposit requirement. The fees associated with this platform are also relatively low. For example, for Ultra-Low accounts, their fee is around 0.
Whereas, for Standard and Micro accounts, their fee is approximately 1. Another unique and exciting feature of this platform is that it supports an instant order execution guarantee. Other features of this platform include negative balance protection, fast withdrawals, and quick execution of orders. Alpari This forex broker platform was founded and established in the year of The platform supports many different account types. On top of that, the platform also invests in trade in cryptocurrencies.
For example, you can trade with this platform with cryptocurrencies like Bitcoin and Ethereum. Additionally, this platform accepts a wide variety of deposit and withdrawal options. You can quickly and conveniently reach out to this team whenever you need help. It is favored in Nigeria by high-volume traders, scalpers, and robots. IC Markets offers an average spread of 0.
This broker provides ECN accounts as well.
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