if you are interested in online forex trading, you will need a good online forex broker. however there are so many forex brokers who offer trading services. with all online forex brokers the choice is difficult. here is a list of forex brokers in Nigeria. most brokers in this offers you a good trading environment.
Given below are some of the best and most reliable forex platforms available to users in Nigeria:
- Xm – Best Overall Broker 2020, Fast Withdrawals, Negative Balance Protection & Very Quick Execution Of Orders, Tight Spreads
- Hotforex – Trade Forex With Ultra Low Spreads, Very Low Minimum Deposit Requirements Of $5, Hotforex Offers Local Deposit Options Like Bank Transfers For Nigerian Customers. You Would Need To Talk To Their Live Chat For The Local Bank Funding Options.
- Easymarkets – • Free Lifetime Demo, Many Free Benefits, Stop Loss And Dealcancellation
- Markets.Com – Multiple Types Of Trading Platforms, You Can Trade Over 2 000 Different Types Of Instruments
- Fxtm – • Great Educational Tools, Low Spreads For Most Major & Minor Currency Pairs Including Eur/Usd With Ecn Mt5 Account.
- Avatrade – Full Slate Of Forex, Cfd, Choice Of Platforms Suited To Beginners And Advanced Traders
XM is a well-known forex broker that offers a quality trading service, which aims to offer a good trading environment to traders. Based in Cyprus, xm offers to trade major financial instruments such as: Forex, Commodities, Equity Indices, Precious Metals and Energy.
the broker offers several types of trading accounts among which his clients can choose according to their experience levels and preferences. they offer ultra-fast execution orders, and tight spreads.
xm has an advanced trading platform so Metatarder 4 and Metatrader 5. which are available on the desktop, mobile and web trading.
Min. Deposit: $5
Min. Trade: 0.01 lot
Regulated By: ASIC, CYSEC, FCA
Leverage: 1:888
Spread: Variable
Country: Cyprus
2. Hotforex
Hotforex which provides award-winning, advanced and convenient financial market services, as well as fast, secure and high-tech trading platforms for individuals and institutions.
HotForex offers to trade a wide range of financial instruments such as currencies, indices, commodities and equities.
As for spreads, hotforex offers tight competitive spreads, fast execution and transparent services.
Min. Deposit: $5
Min. Trade: 0.01 lot
Regulated By: FSC (mauritius), DFSA, FCA , FSCA
Leverage: 1:1000
Spread: Variable
Country: Mauritius
3. Easy markets
Easymarkets is an online forex broker, which provides support in several languages. This broker is regulated by Cysec and ASIC.
you can open a trading account with a minimum deposit of $25 and allow trading with leverage of up to 1:200.
the company provides trading platforms for forex and commodities. trading platforms are available per desk, mobile and tablet. the company is at the forefront of technological innovations and also brings the latest forex trading innovations to its customers.
Min. Deposit: $25
Min. Trade:
Regulated By: CySEC, ASIC
Leverage: 1:400
Spread: Fixed
Country: Chyprs
4. FXTM
FXTM is a global forex broker created by one of the co-founders of alpari, it offers its clients to trade with 7 trading platforms. like most forex brokers in the industry it offers demonstration accounts and educational tools for beginners. they offer a service of on forex, CFD on spot metals, indices, stocks and commodity futures contracts.
fxtm offers all its clients a powerful leverage according to their country of residence, their knowledge and experience, spreads from 0.1 pips and the ability to trade more than 100 instruments.
Min. Deposit: $10
Min. Trade: 0.01 lot
Regulated By: FCA, FSC,, IFSC, CYSEC
Leverage: 1:1000
Spread: Variable
Country: Cyprus
5. Avatrade
Avatrade of offering first-order and customer-oriented trading services with more than 250 financial products, including currencies, equities, CFDs, Bitcoin, gold, precious metals, and more. it provides practical trading services and spreads in the spirit of transparency policy. it provides its customers with modern and innovative tools from this broker help to delay obtaining more efficient and therefore more profitable trades, read also best forex brokers in phillipines.
Min. Deposit: $100
Min. Trade: 0.01 lot
Regulated By: ASIC, central Bank of Ireland,
Leverage: 1:400
Spread: Variable
Country: Ireland
6. Markets.com
Markets.com is a forex broker that provides first-class foreign exchange trading and access to CFD transactions on thousands of underlying assets.
no commission is required for trading with this broker, it offers between floating spearheads been fixed for forex trading. spreads are tight, with a leverage effect of up to 1:300.
As for the trading platforms, they provide three main trading platforms, based on desktop, web trading, and mobile.
Min. Deposit: $100
Min. Trade: 0.01 lot
Regulated By: Cysec, FSCA, ASIC
Leverage: 1:200
Spread: Fixed
Country: Cyprus
