News 7 Best forex brokers in Nigeria


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7 Best forex brokers in Nigeria

News 7 Best forex brokers in Nigeria

Best Brokers in Nigeria


FXTM is one of the most reputable forex brokers and regulated with several financial institutions. It offers several different Standard and ECN account types with minimum deposits starting at 100 USD.

Traders can expect tight spreads, no commissions and no requotes. This multi-award-winning broker supports the MetaTrader 4 and MetaTrader 5 platforms.

These platforms, from MetaQuotes, are arguably the most popular platforms in the industry today, due to their wide suite of analytical tools, charting capabilities, and wide range of tradable assets.

2. AvaTrade

AvaTrade is a reputable and well-regulated brokerage firm, offering fast order execution, the MetaTrader 4 and 5 trading platforms and minimum deposits of only 100 USD.

AvaTrade operates on the basis of a customer-centric approach, and to this end the broker provides excellent customer service, a diversity of instruments and a selection of advanced and popular platforms.

AvaTrade provides direct access to the Forex market, as well as a range of CFDs.

With its wide range of tools, services and features to trade effectively, including a huge range of FX pairs to choose from, AvaTrade has expanded into one of the most popular trading brokers today.

This offering is further complemented by competitive spreads, high leverage, best in class customer service and support.

AvaTrade’s numerous awards include Best Forex Broker, Best Bitcoin CFD Trading Provider of the year, Most Innovative CFD Broker in the United States, Top 10 Brokers in China and Best Trading Experience. It also offers award-winning customer support.

3. has a global presence and offers traders several benefits such as a number of funding options, fast market order execution through powerful platforms, minimum deposits of 100 USD and leverage ratios of 300:1.

The broker has an established industry presence, having been in operation since 2008, and differentiates itself by catering to a wide range of trading styles and strategies.

Operating as a division of TradeTech Group, a constituent of Playtech, a FTSE 250 company, has the technology and experience to deliver a trading and investment platform for the individual, backed by a strong VIP service.

As such, is suited for both experienced trader seeking low spreads and high-tech access, and the long-term investor who requires adequate support and access to market insight.

Traders have access to 2011 shares, 4 bonds, 21 blends, 43 indices, 6 cryptocurrencies, 59 ETFs, 26 commodities as well as 67 currency pairs.

4. HotForex

Traders who choose HotForex can be assured of award-winning services and trading conditions. Initial minimum deposits start at only 5 USD, high maximum leverage ratios of 1:1000 are offered and tight spreads from as low as 0.1 pips can be expected.

HotForex has over 10 years of experience in the Forex industry, with over 2 million live accounts opened to date, and more than 200 employees globally.

HotForex offers various accounts types, trading software and tools to facilitate individuals and institutional customers to trade Forex and Derivatives online.

Added to this, all Retail, Affiliates and White Label clients have the opportunity to access various spreads and liquidity via state of the art automated trading platforms.

Through the MetaTrader 4 and 5 trading platforms, traders have access to a popular selection of forex, cryptocurrencies, precious metals, commodities and energy.HotForex is authorised and regulated by some of the most reputable and strict financial institutions around the globe.

5. BlackBull Markets

BlackBull Markets is an award-winning broker from New Zealand. It is authorised and regulated by the FSA of Seychelles. This broker is a true ECN, No Dealing Desk firm and specializes in forex, precious metals, index CFDs, energy and commodities.

Through both the MetaTrader platforms, traders can enjoy a maximum leverage of 1:500, spreads as low as 0.0 pips and initial minimum deposits of 200 USD.

6. Tickmill

Tickmill offers a great selection of account types that ensures traders of all styles and experience levels are catered for.

Minimum deposits start as low as 100 USD. Traders can enjoy high maximum leverage of 1:500, low spreads from 0.0 pips, no commission fees and swap-free account options through some of the most popular trading platforms – the MetaTrader 4 and WebTrader.

Tickmill is well-regulated and has received numerous awards for customer services and great trading conditions.

7. Plus500

Plus500 is very popular as it offers more than 2 000 trading instruments across a range of financial markets such as CFDs on shares, indices, cryptocurrencies and forex.

Minimum deposits on accounts start from only 100 USD, spreads and fees are low and maximum leverage ratios are high in certain jurisdictions.

Plus500 is regulated with the necessary financial institutions and offers several advantages on all retail accounts, including Negative Balance Protection. Traders can benefit from the broker’s support which is available 24 hours, 7 days a week.

View the complete list of the 27 best forex brokers in Nigeria here.


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