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High minimum withdrawal with brokers: how to bypass it
Replied 2 days ago -
The brokers have found out this loop hole so they now check where you are resident. For instance if the broker sees you are resident in Nigeria and you open a ZAR account, they will increase the minimum deposit. A good example is the broker Trade Nation that has been discussed here, their minimum deposit for South African residents is 50 ZAR but if a Nigerian opens a ZAR account they immediately increase the minimum deposit to 500 ZAR
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which forex brokers are banned in Nigeria?
Replied 1 week ago -
Kwakol isn’t operating any longer in Nigeria.
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Do I download mt5 from brokers website or playstore?
Replied 1 week ago -
You can download from either of the two, makes no difference. Thank you
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what should i consider when choosing a broker?
Replied 2 weeks ago -
I first of all check the brokers account types, I prefer trading with raw spread accounts so the broker must have this. I then check the payment methods to see if the broker support my local payment methods cos I need to be able to put in and withdraw money without any fuss.
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Has anyone traded with FxPro Nigeria? What was your experience like?
Replied 2 weeks ago -
The only negative about FxPro is the spread, if not, they are the ideal broker for any beginner. If you want to learn trading and you dont mind paying high spread, then fxpro is it.
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My experience trading with Tickmill
Replied 2 weeks ago -
Thanks for sharing mate! Tickmill is one broker I have always wanted to trade with and this has encouraged me to give them a try.
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What's the minimum I can deposit to trade with Oanda?
Replied 2 weeks ago -
just curious, why do you want to trade with Oanda? what are the pros & cons ?
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is take profit trader a reliable legit prop firm?
Replied 2 weeks ago -
A friend of mine trades with them and he says they are okay
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does hantec markets work in nigeria?
Replied 3 weeks ago -
I saw their poster (hantec markets) where they are doing this FG free forex training for 100k youths in Abuja
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Is RCG Markets Good for Beginners, Do they have Micro Account?
Replied 3 weeks ago -
Just because a broker has low minimum deposit does not make them good for beginners. RCG markets lacks adequate variety of trading software 9such as mobile apps, tradingview etc), they lack adequatte beginner support and their processes are generally slow. I wouldnt use them if I were a beginner even if their minimum deposit is low. I learnt how to trade with AvaTrade (not a recommendation) and they are the true definition of a broker good for beginners. other beginner oriented brokers include easy markets and trade nation.
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Please what is the latest FXTM minimum deposit?
Replied 3 weeks ago -
As of 2026, FXTM in Nigeria has reduced their minimum deposit to N7,000 (seven thousand naira only). I just opened an account with them so I am sure of this.
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What was your experience with Headway Broker like?
Replied 4 weeks ago -
They just need to work on their customer service, broker is okay for small trades
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What time is NFP today in South Africa?
Replied 4 weeks ago -
3 30 pm in South Africa, make sure you set your alarm guys
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I stumbled across a warning from SEC that Nigerians trade forex at their own risk. Is forex trading legal in Nigeria? If not, what is stopping Nigerian authorities from licensing forex brokers?
Replied 1 month ago -
Its not as bad as they make it seem, many Nigerians still trade forex and withdraw their profits successfully. Just choose a broker that is well regulated from countries with strong economies like the United Kingdom, Australia, etc. avoid brokers solely regulated from countries with weak economies
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