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Best Forex Brokers In Nigeria

The table below lists our best forex broker reviews. We examine what they have to offer their clients, and what conditions they have for trading. Here we help you find the best forex broker for you.

Broker

Features

Broker Review

Visit

* 1:1000 leverage

* 1200+ instruments

* Tight spreads

* 1:1000 leverage

* 210+ instruments

* Free education

* 1:500 leverage
* 30 forex pairs
* Free analysis

* 1:500 leverage
* Crypto trading
* Welcomes EA & HFT

* 1:1000 leverage
* 100+ Instruments
* MT5 platform

* 1:1000 leverage
* 100+ Instruments
* Free education

* 1:500 leverage
* 50+ Instruments
* Low commissions

* 1:500 leverage
* 200+ Instruments
* Great spreads

* 1:500 leverage
* 200+ Instruments
* Free trading tools

* Low deposit
* 1:500 leverage
* Great bonuses

* 1:777 leverage

* 350+ instruments

* Great bonuses

* 1:500 leverage

* 800+ instruments

* African Broker

* 1:500 leverage

* STP broker

* Great support

*1:500 leverage
 *Low spreads
* Fast withdrawals

* 1:500 leverage
* 390 instruments
* Tight spreads

* 1:400 leverage
* 200+ instruments
* $5 min. deposit

* Cryptotrading
* 1:500 Leverage
* Low min. deposit

* Low Min. Deposit
* Crypto deposits
* Fast registration

* 1:500 leverage

* 300+ instruments

* Low Min. Deposit

* 1:1000 leverage

* 130+ instruments

* Raw spreads

FP Markets

* 1:500 leverage

* 10,000+ instruments * Ultra low latency

* 1:1000 leverage

* 70+ instruments

* Trading contests

* 1:500 leverage

* 1000+ instruments

* Crypto CFD trading

* 1:1000 leverage

* 950+ instruments

* Copy trading

* 1:1000 leverage

* 200+ instruments

* Copy trading

* 1:2000 leverage

* 250+ instruments

* Free education

* 1:888 leverage

* 1000+ instruments

* Free education

* 1:500 leverage

* 140+ instruments

* Tight spreads

* 1:1000 leverage

* 230+ instruments

* Great bonuses

bkfx

* 1:500 leverage

* 110+ instruments

* Ultra low latency

* 1:400 leverage

* 190+ instruments

* Deal cancellation

IC Markets

* 1:500 leverage

* 80+ instruments

* Excellent support

How To Choose An Online Forex Broker

There are many reputable, trustworthy brokers on the market. It’s important to find one that offers good trading conditions, a wide range of trading instruments, and excellent customer support. Here are a few tips on what to look out for when choosing an online forex broker .

Regulation

Make sure that your broker is compliant with local regulation and is regulated by an official regulatory body. You don’t just have to take their word for it on the broker’s website though. You can also search online to make sure that the broker is regulated, as they say they are.  Regulated brokers are required to give their license number.

Fund Safety

Good forex brokers keep their clients’ funds in segregated accounts. This means that the clients’ money is held separately from the broker’s own funds and cannot be used for operational purposes. In addition, a good broker will keep them in top-tier banks, those that are considered the best banks for investment.

Trading Platforms

Good forex brokers will make sure you can trade on one of the industry’s top online trading platforms. They will also make sure that you can access these platforms on any device – whether that’s a computer, mobile or tablet. When choosing a broker, be sure to check that the platforms available include either MT4 or MT5.

Trading Conditions

When choosing a forex broker, it’s important to check that they offer the right trading conditions. Good forex brokers will offer you the option to choose from a wide range of trading instruments. They will also offer you the opportunity to trade with high leverage, low commissions, tight spreads.

Minimum Deposits

Most forex brokers ask for a minimum deposit. When choosing a forex broker, it’s important to think about how much money you want to trade and how much you can afford in terms of the minimum deposit. Good forex brokers will offer at least one account with a low minimum deposit.

Deposits & Withdrawals

Good brokers will offer several secure payment methods. They will also inform you of any deposit or withdrawal fees. Most good brokers will let you fund your account using a credit card, debit card, or bank transfer. Typically, they will also give you the option to fund your account using an e-wallet like Skrill, Neteller, or Fasapay.

Trading Tools

Good brokers will usually offer a small selection of free trading tools. For example, they might give you access to a free trading calculator or a free economic calendar. The best forex brokers will also give you access to more advanced tools, such as EAs and chart indicators, to help you manage your trades and carry out your market analysis.

Forex Education

Good forex brokers will make sure you have the educational resources you need to become a better online trader. Nearly all brokers will give you access to free educational articles. However, the best online forex brokers will also give you access to trading courses, educational videos, and free guides.

Extra Trading Services

The top online forex brokers will do everything they can to help you trade successfully. When choosing a forex brokers, its important to think about what extra help you might need. For example, if you need help with your trading plan, then you should look for a broker that also offers copy trading or social trading services.

Customer Support

Good forex brokers will put time and effort into their customer support. It’s important to choose a broker that lets you contact them by email, phone and live chat. It’s also important to trade with a broker that is available during trading hours so that you can get immediate assistance if needed.

If you’d like to learn more about Forex have a look at our Forex Education Section.