List of Best Forex Trading Platforms in Nigeria

Forex trading in Nigeria can be a serious investment and before committing your money to the hands of the brokers, you should know how reliable and trustworthy they’re in trading Forex.

Don’t assume all Forex brokers are dependable, in fact, many are outright frauds. That may help you make an informed decision in regards to the best Forex brokers in Nigeria. I’ve compiled a list of world most trusted and reliable Forex brokers in Nigeria, which is promising to invest.

These Foreign exchange brokers and Forex trading platforms have been around for a while and it’s completely free to use. All you need to do would be to make a deposit and start trading, no extra or special fee is needed.

Another good thing is that these Forex brokers are around for both the beginner Forex traders and with the Pro Forex traders, no distinction and you’ll start with any minimum deposit that the Forex brokers allow in currency trading.

List of Top 10 Forex Brokers in Nigeria

10. InstaForex – This Broker is based in Russian, works along with Asia, has offices in London and several other places around the world (including Nigeria). InstaForex has won many awards as one of the best Foreign exchange brokers on the planet and holds licenses in Brokerage, Dealing and Capital Management Services from the Russian government.

Minimum Deposit Required:  $1

Trading Bonus Given: 250%

Regulator: FFMS

Accept US Traders: No

Allows Demo Account: Available

InstaForex come with many trading and monitoring tools for open and easy Forex trading. It is amongst the biggest Forex brokers in the world and has been in operation for some time now.

9. ForexTime.com (FXTM) – This Forex broker is founded in the year 2012 and it has received many awards also for innovative trading. FXTM could be the fastest growing Forex broker on the globe and also the founder is Andrey Dashin, the same investor behind Alpari Broker.

Minimum Deposit Allowed: $5

Trading Bonus Available around $10,000

Regulator: CYSEC

Does Accept US Traders: No

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Demo Account Given: Available

FRTM is used by traders in over 180 countries and it’s licensed and fully regulated properly. The headquarters of FRTM is in Cyprus and can be located in the luxury five storey building in this country. ForexTime allows its customers to use, both mobile and online trading, and fully loaded with one of the coolest trading tools you can find any other places in the Forex market.

8. AVATRADE – This Brokerage has their headquarters located in the British Virgin Islands and it is regulated by the Irish Authority (MIFID) and ASIC. AVATrade began in the year 2006 and became one of the world biggest FX Brokers.

The company is owned and managed through the Ava Capital Markets Ltd; a subsidiary of Ava Financial Ltd. AVATrade is among the most reliable Foreign Exchange Brokers in the world. Trading forex with AVATrade is much easier if you know exactly what you’re doing with Forex signals.

Minimum Deposit Allowed: $100

Trading Bonus Given: 40%

Regulator: MIFID, ASIC

Accept US Traders: No

Practice/Demo Accounts Allowed: Readily available for all accounts.

AVATrade also support both FX online and mobile trading which has a top notch support that is available 24 hours.

7. XTrade – This Forex Broker is top notch in most facets of trading. Founded in 2003 and properties of the XTB Limits, XTrade is believed to be among the best Forex Broker ever with many forex trading strategies.

Minimum Deposit Allowed: $100

Trading Bonus Given: 60%

Regulator: CYSEC

Does Accept US Traders: No

Demo Account: Available

XTrade is reliable and among the safest platform to trade Forex with over ten years’ experience in the online Forex trading game. XTrade is among the best Forex trading platforms out there and support both mobile and internet based trading.

6. XM Broker – This Forex Broker has more than 500 thousand clients, XM is probably the go-to FX broker when you need to make extra cash with Forex trading system. They are also located in Cyprus and managed by Trading Point Holdings Ltd, registration plate: HE 322690, ( Address: 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor 3042 Limassol, Cyprus).

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Minimum Deposit Allowed:  No

Forex Trading Bonus Given:  $100

Regulators: CYSEC

Accept USA Traders: Yes

Forex Demo Account Allowed: $100,000

If you want to start trading right now, this is one of the best position to begin and you are absolutely clear you’re trading in secured hands.

5. FXPrimus – It is a company to trade Forex, commodities, CFDs & indices together with the safest trading platform. Find out about this award-winning safe trading environment by yourself. It’s founded on a proven philosophy of success through security.

Minimum Deposit Allowed: No

Trading Bonus Allowed: 100%

Regulators: CYSEC, FCA

Accept USA Traders: No

Forex Demo Account: Available

FXPrimus pride itself as a leader in Forex Trading and excellence. They are one of the leading sponsors of Manchester City Football Team in England. With more than 100 thousand current clients, you’re sure to be in the hands of a great company loved by many Forex traders.

4. EToro – This is among the biggest name in the Forex marketplace and has been around for many years. EToro brokers can be seen as a social trading and a multi asset brokerage company that has registered offices in Cyprus, Israel and Great Britain. One thing unique about eToro is that they allow its traders to look at the financial trading activity of other users, copy the skill, and earn their unique trades.

Minimum Deposit Allowed; $200

Trading Bonus: $1,000

Regulators: NFA, CYSEC

Does It Accept USA Traders: No

Demo Account Given: Available

With 4.5 million registered clients, you will understand that this company is actually among the giants in the world of Forex trading. They’re fully regulated by the world regulatory bodies and boast several of the best trading platforms.

3. Markets.com – This website Markets.com is often seen as a top broker, owned and operated by Safecap Investments Limited. Much like most Forex Brokers, the company is located and headquartered in Cyprus. Fully licensed and controlled by CySEC & FSB.

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Minimum Deposit Allowed: $100

Trading Bonus: $25

Regulators: CYSEC, FSB

Does It Accept USA Traders: No

Forex Demo Account: Available

Traders at each level can be assisted by the Markets.com packed online resource hub. The broker offers exclusive market analysis and news, live webinars, seminars, ebook and video libraries, along with free 1-on-1 online training with a personal account manager.

2. Alpari – This Broker is well respected in Nigeria and the company invites you to trade Forex with them with a promise to come out with the best result in trading currency. The company has received so many awards by year in the Forex Markets. With spreads from .1 pips, you can Leverage approximately 1:1000 and it comes with free analytical tools.

Minimum Deposit Allowed: $200

Trading Bonus Available: N/A

Regulators: CYSEC

Accept USA Traders: No

Forex Demo Account: Available

Alpari is really a highly successful Forex Brokers with many different years of experience in the game. When it comes to Forex security and reliability, make sure you are dealing with the top in the Forex business.

1. FXPro -This is the number 1 Forex Brokers in the world and it has remained the best choice since 2006. FXPro is professional in Forex investment and one of the top Forex brokers.

FxPro UK Limited is authorized and controlled by the UK Financial Conduct Authority and its registration no is: 509956. FxPro Financial Services Limited is permitted and regulated by the Cyprus Registration using the license no. 078/07.

I hope reading this post will enable you to make the best choice when choosing the best Forex brokers in Nigeria.

Do you have anything else to add to this article? Leave your comment below.

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