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15 best registered forex brokers in Nigeria and their website, owners, fees, benefits

See the list of registered forex brokers in Nigeria. According to our research, these are the best forex investment companies in Nigeria right now.

Foreign exchange shortened as Forex or FX is seen as the act of making exchange between two or more currencies for any reason known to the exchanger. Forex covers the trading of currencies which is generally referred to as forex trading.

Forex trading in Nigeria is well known by traders as a popular financial tool for investing in the market but trading by traders cannot be carried out except through a platform. The platform for buying and selling foreign currencies is provided by a financial services company which is called a  currency trading broker, otherwise known as a  forex broker.

For any trader to have a successful trading, the forex broker is as important as the investment. There are large numbers of forex brokers in Nigeria and in between the forex brokers, not all of them are registered, regulated and trustworthy. Therefore, there is a need of been careful when choosing a registered forex brokers in Nigeria.

We have been able to research and discovered the 15 CBN regulated forex brokers for you. These are the best forex trading platforms in Nigeria for you. best registered forex brokers in Nigeria

There are some Forex Brokers that don’t support traders from Nigeria but all the above-listed Brokers are Nigeria traders friendly. More so, you can trade with any of the brokers with ease and with full assurance that they are trader-friendly.

One of the things that interest a trader most is that what will be the benefit of choosing a Broker over another Broker?

We provide also an overview of all the 15 Brokers listed above so that you as a trader will be able to know the benefits and the reasons you need to choose a Broker over the other.

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15 best registered forex brokers in Nigeria

15 best registered forex brokers in Nigeria and their website, owners, fees, benefits

  1. AvaTrade
  2. CM Trading
  3. XM
  4. Pepperstone
  5. HotForex
  6. IQ Option
  7. IC Markets
  8. FP Markets
  9. FXTM
  10. Market.com
  11. OctaFX
  12. easyMarkets
  13. BlackStone Futures
  14. Alpari
  15. eToro

 

1. AvaTrade

AvaTrade was founded in 2006 by Emmanuel Kronitz. This broker is known as the Best Fixed Spread Trading Account. Across all markets in Avatrade, MetaTrader 4 gives traders access to over 250 assets, 30 advanced charting tools, trading history, and other useful information.

Avatrade has the following benefits for their traders:

  • Min deposit of $100
  • New traders 20% Bonus list of registered forex brokers in nigeria
  • Supports Nigerian Naira ₦ (NGN) deposit
  • Max Leverage of 400:1
  • Spread from 1
  • Fully Regulated in Africa
  • 50+ Currency pairs
  • 15 Cryptocurrencies
  • Local depositing is available

Visit website: https://www.avatrade.com/

2. CM Trading

CM Trading was founded in 2012 by Daniel Kibel. In CM Trading, two trading platforms are available, the MT4 and Sirix. MT4 is a downloadable platform that allows automated trading while Sirix is web-based which is used for Forex and Social trading.

CM Trading has the following benefits for their traders:

  • Min deposit of $200 cbn regulated forex brokers
  • Supports Nigerian Naira ₦ (NGN) deposit
  • Max Leverage of 200:1
  • Local depositing method
  • Trade CFD on stocks
  • Welcome Bonuses for new clients

Visit website: https://www.cmtrading.com/

3. XM

XM was founded in 2008 by Martine Rothblatt, David Margolese, and Robert Briskman. This broker gives access to traders to select the base currency of their preference from a large selection on offer. This range includes South African Rand (ZAR), Singapore Dollar (SGD), and other global currencies.

XM.COM has the following benefits for their traders:

  • Min deposit of $15
  • 56 Currency pairs forex investment companies in nigeria
  • Max Leverage 888:1
  • No Swap
  • Islamic Account
  • Good for beginners
  • Quality online education
  • Spread from 0.6 Pips
  • 1000+ trading instruments
  • Bonus up to $5,0000

Visit website: https://www.xm.com/

4. Pepperstone

Pepperstone was founded in 2010 by Owen Kerr and Joe Davenport. Pepperstone places at the disposal of traders a variety of trading accounts to choose from.

Pepperstone has the following benefits for their traders:

  • Min deposit of $150
  • Spread from 0.0 Pips
  • For beginners & advanced traders
  • Islamic Account
  • 66+ Currency pairs
  • MT4/MT5/cTrader
  • Max Leverage 500:1
  • 1000+ instruments

Visit website: https://www.pepperstone.com/

5. HotForex

HotForex was founded in 2010 by HF Markets (SV), HF Markets SA (PTY), HF Markets (Seychelles), and HF Markets Fintech Services Ltd. The HotForex MT5 terminal gives traders access to different timeframes, one-click trading, and 80+ technical indicators, superior analysis tools with hedging.

HotForex has the following benefits for their traders:

  • Min deposit of $50
  • 100% Credit Bonus for new traders
  • 100% Supercharged Bonus
  • 30% Rescue Bonus
  • Safe for large and small deposits
  • Supports Nigerian Naira ₦ (NGN) deposit
  • 56 Currency pairs
  • Max Leverage 1000:1
  • No Swap
  • Islamic Account
  • Good for beginners
  • Spread from 0.0 Pips
  • 15+ funding methods

Visit website: https://www.hotforex.com/

6. IQ Option

IQ Option was founded in 2010 by Dmitry Zaretsky. IQ Option’s trading platform can be accessed from any device that can connect to the web. It is web-based and supports binary options, forex trading, and digital options.

IQ Option has the following benefits for their traders:

  • Min deposit of $10
  • Local depositing is available
  • Binary Options
  • Digital Options
  • Forex Options
  • 20+ Cryptocurrencies
  • Excellent for beginners
  • Max Leverage of 1000:1
  • 25 Currency pairs

Visit website: https://www.iqoption.com/

7. IC Markets

IC Markets was founded in 2007 by Andrew Budzinski. Traders can have the ability to choose the platform of their choice between MT4, MT5, and cTrader platforms. No swap account is also available for traders.

IC Markets has the following benefits for their traders:

Visit website: https://www.icmarkets.com/

8. FP MARKETS

  • FP MARKETS was founded in 2005 by Matthew Murphie. Traders are connected by FP Markets to the market through DMA pricing models and electronic bridges.

FP Markets has the following benefits for their traders:

  • Min deposit of $100
  • 60+ Currency pairs
  • 5+ Cryptocurrencies
  • Max Leverage of 500:1
  • MT4/MT5/Proprietary Platform
  • Regulated in Australia
  • 8 funding methods
  • Spread from 0.0 pips

Visit website: https://www.fpmarkets.com/

9. FXTM

FXTM was founded in 2011 by Andrey Valerievich Dashin. FXTM gives room for traders to deposit with Nigeria currency.

FXTM has the following benefits for their traders:

  • Min deposit of $100
  • Supports Nigerian Naira ₦ (NGN) deposit
  • Local depositing is available
  • Invest for auto trading
  • 4+ Cryptocurrency CFDs
  • Multiple execution methods
  • 59+ Currency pairs
  • Max Leverage of 2000:1
  • Spread from 0.1 pips

Visit website: https://www.forextime.com/

10. Market.com

Market.com was founded in 2008 by Armando Gutierrez and Vicco von Bulow.

Markets.com has the following benefits for their traders:

Visit website: https://www.global.markets.com/

11. OctaFX

OctaFX was founded in 2014 by Georgios D. Pantzis. It renders the service of a no swap account and it also gives space for traders to make Copy Trading.

OctaFX has the following benefits for their traders:

  • Min deposit of $25
  • Max Leverage of 500:1
  • No swaps
  • 52 instruments
  • Spread from 0.6 pips
  • 50% bonus on deposit

Visit website: https://www.octafx.coom/

12. easyMarkets

easyMarkets was founded in 2003 by Gadi Hadar. This broker allows traders to make deal cancellations. It also allows traders to make guaranteed stop-loss orders with negative balance protection.

easyMarkets has the following benefits for their traders:

  • Min deposit of $100
  • Deal cancellation
  • Vanilla options
  • Easy Trade
  • Max Leverage of 400:1
  • Islamic Account
  • 65 Currency pairs

Visit website: https://www.easymarkets.com/

13. Blackstone

Blackstone Futures was founded in 2009 by Nick Sproule.

Blackstone Futures has the following benefits for their traders:

  • Min deposit of $100
  • 32 Currency pairs
  • Islamic Account
  • Spread from 0.6
  • 750+ instruments
  • Max Leverage of 400:1

Visit website: https://www.blackstonefutures.co.za/

14. Alpari

Alpari was founded in 1998 by Andrey Dashin. This broker allows traders to possess a stock trading account and traders can also invest. No swap account is also made available by the broker.

Alpari has the following benefits for their traders:

  • Min deposit of $100
  • Islamic account
  • 48 Currency pairs
  • 250+ trading instruments
  • Max Leverage: 100:1
  • Min deposit of $100
  • Supports Nigerian Naira ₦ (NGN) deposit

Visit website: https://www.alpari.org/

15. eToro

eToro was founded in 2007 by David Ring, Ronen Assia, and Yoni Assia. The broker provides different instruments which are more than 1,083+ instruments for traders to work with and make trading easy.

eToro has the following benefits for their traders:

  • Min deposit of $50
  • 47 Currency pairs
  • Islamic account
  • Spread from 0.9
  • Max leverage of 20:1
  • Good for beginners

Visit website: https://www.etoro.com/



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