1 Best Forex Brokers of 2019 [Compared & Reviewed]

Best Forex Brokers in Nigeria 2019 (TOP 10 List)

Best Forex Brokers in Nigeria 2019 (TOP 10 List)

Forex has been booming in popularity among Nigerian traders during the past few years. The local currency trading market has become more mature, many of the worlds most famous fx trading companies have established their local presence in Abuja.

Below is carefully picked TOP 10 list of best forex brokers operating in Nigeria.

One of the most trusted brands in the trading industry. Fully regulated by FCA U.K., FSCA, DFSA and CySec. They are 100% secure and with a robust and stable trading platform Metatrader 4, we find them very fast in terms of trade execution time ( around 200ms).

You can deposit to trading account directly in Nigerian NAIRA currency!

Spreads starting as low as 0 Pips (ZERO account)

Minimum deposit required is just $5 (Micro Account)

Welcome bonuses up to 100% (meaning you deposit 200 and get another $200 free)

The largest social trading platform with intuitive and easy to learn interface is great for all newcomers to trading!Fully regulated by FCA UK, ASIC Australia, and in 2019 opened offices also in the USA.

Fully regulated, with safe bank accounts, negative balance protection and wide variety of assets is the best option for starting out in the world of online trading.

XM Group caters to both beginners and intermediate traders, it is the best all-round forex company ever. Established in 2009 and regulated by FCA UK, and ASIC Australia this is one of the go-to brands for profi traders.

Yes currency trading is legal in Nigeria. With the rapidly growing Nigerian economy, it was no wonder that the Nigerian forex market has witnessed rapid growth during the past decade, as more and more middle class Nigerians have been joining the fx market. This boom has led to many scams and fraud taking place. The national watchdog has been therefore cracking down on unregulated scam forex brokers who promise riches to newbies since the past few years. The fx industry in Nigeria now tries hard to regain its good reputation.

The boom in forex currency trading has begun in mid 2000s and by now there are around 300 thousand retail forex traders in Nigeria according to m resource. Thanks to low barriers of entry (low minimum deposits + high leverage trading + free trading platforms) more and more middle class people can now afford to invest this way.

We strongly urge you to start trading only with regulated fx brokers!You may choose either some of our world renowned brokers with regulation in UK, Cyprus OR go with some local Nigerian CBN regulated forex broker.

Central Bank of Nigeria ( shortly just CBN is the main regulatory body which controls the capital markets including forex companies.

Best Forex Brokers in Nigeria 2019 (TOP 10 List)

RISK WARNING: CFD instruments involve a significant risk of loss to your capital. Between 64-87% of retail CFD accounts lose money. It is not suitable for everyone. You are strongly advised to trade with money that you can afford to loose. COOKIES: This website uses cookies. By using this site, you consent to the use of cookies. Feel free to read our cookie policy.