Forex Brokers in Nigeria

Forex brokers in Nigeria reviews and comparison by ForexSQ.com experts, We provide a list of top ten Forex brokers Nigeria for those foreign exchange traders looking for the Top 10 Forex Brokers in Nigeria to open currency trading account. We list top Nigerian Forex broker’s MT4 trading platform if you are looking for the Top 10 Forex Brokers in Nigeria list with Metatrader 4 online trading platform.

Top Ten Forex Brokers in Nigeria

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  • FxPro – Originated in 2006, London-based FxPro is an online broker providing Forex trading along with CFD’s. Mt4 and trader trading platforms are available. Fxpro Forex broker is one of the Top Forex Brokers in Nigeria.
  • Plus500 – The Plus500 broker was established in 2008 as an online international trading platform that is popularly used in South Africa, Nigeria, Europe and Australia and elsewhere in the world.
  • FOREX.com – Forex.com is owned by parent company GAIN Capital (NYSE: GCAP). Operating since 2001, it was a first mover in getting currency markets to the selling trader.
  • FXCM  – provides a no dealing desk model along with competitive spreads. FXCM brokerage provides trading in a wide variety of currencies including the Chinese Yuan.
  • Markets.com – The Markets.com maintains its headquarters in Cyprus, UK and is an investment services firm that is operated by Safecap Investments Limited (Safecap), which was founded in 2006 and is a subsidiary of Playtec PLC.
  • AvaTrade – The AvaTrade company was founded in 2006 in Dublin, Ireland and is licensed and fully regulated in the EU and BVI, as well as Australia, Japan and Nigeria.
  • eToro – The eToro company is a social trading and multi asset brokerage company in Nigeria that has registered offices in Cyprus, Israel and the United Kingdom.
  • HYCM – In trade for 30 years, HYCM offers several trading platforms and a wide variety of trading instruments. HYCM forex broker is one of the Top Forex Brokers Nigeria, It is a division of the Henyep Group, a global corporation with a presence in 20 countries.
  • XM – The XM.com forex broker was established in 2009 in the Republic of Cyprus using the name Trading Point of Financial Instruments Ltd. The broker is regulated by CySEC as well as the UK’s Financial Services Authority (FSA).
  • Fxstay – foreign exchange Company provides professional managed forex accounts service in Nigeria with competitive management fees, their specialty is trading on big investment safely. You dont need to know foreign exchange trading with them as their team handle trading or you.

Top Nigerian Forex Trading Companies Provide Spread Betting

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IG Group

IG Group are the most recognized spread betting brokers. However IG group in not a Nigerain base forex broker but if you want to start Forex trading in Nigeria you can open free account with this broker.

As well as their own platform, customers can trade FX, Index and supplies through MT4. They also have a very nice welcome bonus for new customers. New customers can get a minimum deposit bonus of up to £3,750. It is one of the unique and biggest spread betting brokers. It can also offer access to the markets through MT4 as well as their own online platform.

Invented in 1974 as a spread betting business under the name IG Index broker. The company provides trading in sets including EUR/USD, AUD/USD, and USD/JPY with spreads as low as 0.8 pips. IG group are one of the largest Top 10 Forex Brokers Nigeria. Customers mostly trade through their own well recognized platform. Though, as MT4 is such a popular choice for FX traders recently IG Markets launched an MT4 option.

CMC Markets

CMC Markets was founded in the UK in 1989 and listed on the London Stock Exchange (LSE) in 2016. Almost thirty years of experience trading in financial markets has created a loyal following of traders who regularly use this award winning platform for investing their money in various international financial marketplaces. To start Forex trading in Nigeria CMC markets is a good broker.

ETX Capital

ETX Capital is a broker that was established in 2002 and is headquartered in London, England. The broker also provides financial spread betting for Nigeria traders.

City Index

Recognized in the UK in 1983, City Index provides Forex trading, CFD’s and spread betting. However the broker is UK company but its good choice to start Forex trading in Nigeria.

The MT4 platform is offered with added tools and features. CityIndex is one of the unique and biggest spread betting brokers. City Index can offer access to the markets through MT4 as well as their own online platform.

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