Top 10 Forex Brokers In Nigeria

Welcome to, in today’s review section, I will be discussing an interesting subject which is, Top 10 Forex Brokers In Nigeria including everything you need to know about forex trading in brief. If you’re unfamiliar with Forex trading, The Forex trading market allows you to buy and sells the currency of any country against another. You can read more here about Forex trading both simple and advance.

Forex trading will continually garner impressive waves in Nigeria as more Nigerians have channeled a great deal of financial energy into it.

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Year in year out, many Nigerians lose substantial sums of money to Forex trading. Nevertheless, it’s worthy of note that anyone with the appropriate trading strategies and principles can rake in a whole lot of money through Forex trading.

Notably, some of the factors that contribute to anybody’s success in Forex trading are the choice of Forex brokers and the trading principles/strategies adopted. To this effect, we have conducted research on the leading Forex brokers in Nigeria out there. While our research focused extensively on the features provided, the fees charged and the trading platforms offered by these Forex brokers, we hereby affirm that below are the top 10 Forex brokers in Nigeria:

Why Forex trading is becoming popular in Nigeria | Nairametrics

Touted as the best Forex broker in Nigeria, is a worldwide broker with one of the most effective trading platforms in its industry. Elevating’s high-profile status is the fact that the platform provides traders with a diverse range of CFDs coupled with low spreads. With, youre absolutely certain of the world of financial markets being in your way.

Markets believe in the philosophy of knowledge is power, and as a result of that, they strive to put that power in every individuals, especially the investors and traders hands by providing unparalleled resources for gaining expert insights, opinions and education about trading and investing. With their Knowledge of Centre as a hub, from which you can get information about trading and investing in four different ways, depending on what you want. You are guaranteed maximum profits with

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Markets Forex Trading Platforms

Markets trading platforms currently seems to stand out from the crowd and they’re your gateway to the world’s financial markets, from best-in-class trading technology in the shape of Marketsx, to powerful share dealing from Marketsi. With markets, you can easily explore the one-tap trading of  Mobile Platform and automate trades with MT4 and MT5 platforms. extremely easy, flexible,Smart, fast and customisable to your desired requirements.

Visit Markets today by clicking here

2. HotForex

One of the strengths of HotForex has been described as the presence of high leverage –a leverage magnitude of 1:1000 that is deemed greater than what majority of HotForex’s competitors offer. In addition, HotForex has captured the attention of Nigerian traders through a number of exciting benefits including bonus offers and an option for them to select their preferred trading accounts.

To start your Forex trading career with Hotforex today, kindly visit them by clicking here

3. OctaFX

With Nigeria being a country with a vast population of Muslims, it isn’t any surprising that an Islam-centric broker like OctaFX appeals to the taste of many Nigerians. Notably, OctaFX is a Forex broker whose offers (such as the availability of swap-free trading accounts) are in tandem with Islamic trading rules.

♦Features of the OctaFX Trading App

  • Language support: Bengali, Chinese, English, Hindi, Indonesian, Malay, Portuguese, Spanish, Thai
  • Create trading accounts, modify leverage, enable swap-free options, edit and restore passwords
  • Make deposits and withdrawals using the most popular payment options
  • View your detailed overall or account operation history, apply convenient filters to it and cancel your previous deposit
  • Start trading in a compatible trading platform app
  • Top up your demo account
  • View contest statistics and access your contest accounts
  • Activate bonuses and view statistics on active and completed bonuses
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Plus500 happens to be the Forex broker with the leading cryptocurrency trading platform as well as the most excellent Forex demo account. Besides being named on London’s Stock Exchange, Plu500 maintains a great footing as a CFD broker running a self-developed Forex trading platform.

Visit Plus500 today by clicking here


Pepperstone is a leading Forex broker under the regulation of Australia’s AISC and UK’s FCA. Besides being widely acclaimed for its excellent customer service, Pepperstone hosts the leading Forex trading platforms namely cTrader, MetaTrader 5 and MetaTrader 4.

Visit pepperstone today by clicking here


ForexTime (FXTM) is generously cherished among Nigerian Forex traders for its offering of Naira-based funding, a feature barely offered by majority of the other Forex brokers. While FXTM’s other excellent offers include local seminars and social trading, it is highly notable that the Forex broker is best suited for Nigerian traders with little or no knowledge of CFDs.

Visit FXTM today by clicking here

7.IC Markets

This is an Australia-stationed Forex broker with a record of beneficial offers including absence of withdrawal/deposit fees, availability of low commissions for cTrader/MT5/MT4 traders and low spreads on certain pairings.

Visit IC Markets today by clicking here


With the high level of volatility experienced in the Forex trading market, AvaTrade is seemingly a perfect fit for certain cautious traders. Likewise, AvaTrade will likely fit into the expectations of scalpers owing to the fact that the Forex broker deals with only fixed spreads. One interesting thing about Avatrade is their education for beginners and new comers. Avatrade trading for Beginners section gives you all the information you need to start trading forex and CFDs with confidence. This should be your first stop to find out about currency pairs, how the forex market works, market analysis and CFD instruments.

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Kindly visit Avatrade today by clicking here


Hugosway is an ECN broker which doesn’t constitute the Forex brokers regulated by any of the recognized regulatory bodies out there. Also, there is a report that only few people have given positive reviews about Hugosway, hence suggesting that trading with the broker might not augur well despite its being an ECN broker.

To start trading with Hugosway, kindly click here


Unlike Hugosway which is not regulated by recognized agencies, OANDA is considered the Forex broker with the highest record of regulation. Quite impressively, the Forex broker is broadly regulated under six bodies including Canada’s IIROC, UK’s FCA, USA’ CFTD, Australia’s AISC, Singapore’s MAS and Japan’s IFFA.

To start trading with OANDA, Kindly click here


From the above reviews, we’ve been able to highlight few of the best Forex Brokers In Nigeria, however, there are lots of others Forex brokers in Nigeria which haven’t been included in the list. All you have to do is bookmark this page and keep coming back for more updates. It is advisable that you find out more information about the features, trading platforms and specific offers associated with each of the aforementioned Forex brokers. This way, you’re very likely to end up with the most befitting option for you.

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