Best Forex Brokers in Nigeria
Compare all the top tier regulated forex broker that accept traders based in Nigeria
Updated: January 8, 2026
Trade Nation
Trade Nation is a Spread Bet & CFD Broker Offering Fixed Spreads (on spread bets) & variable Spreads...
Min Trade
USD 1
Min Deposit
USD 1
Base Currencies
USD, ZAR
|
HeadWay
Headway is a regulated forex broker from South Africa
Min Trade
USD 1
Min Deposit
NGN 2000
Base Currencies
USD, ZAR, NGN, EUR, JPY
|
FxPro
FxPro Accepts Nigerian Traders, Offering a N5,000 Minimum Deposit & Naira Trading Accounts
Min Trade
USD 1
Min Deposit
NGN 5000
Base Currencies
USD, GBP, EUR, ZAR, NGN
|
HFM (HF Markets)
HFM (formerly Hotforex) is a regulated forex broker with $5 minimum deposit & Naira account currency
Min Trade
USD 1
Min Deposit
USD 5
Base Currencies
DZD, USD, EUR, GBP
|
Just Markets
Just Markets is an FSA Regulated Forex Broker with a $10 Minimum Deposit, NGN Base Currency & Raw Sp...
Min Trade
USD 1
Min Deposit
USD 10
Base Currencies
ZAR, USD
|
Exness
Exness is a regulated forex broker with cent account
Min Trade
USD 1
Min Deposit
USD 10
Base Currencies
USD, GBP, JPY, EUR, SGD, AUD, KES, ZAR, NGN, GHS
|
Hantec Markets
Hantec Markets is a regulated broker with $10 minimum deposit and prop trading
Min Trade
USD 1
Min Deposit
USD 10
Base Currencies
USD
|
FXTM
FXTM is a legit broker for Nigerian traders offering standard & ECN account types
Min Trade
USD 1
Min Deposit
NGN 7000
Base Currencies
USD, EUR, GBP, NGN
|
Octafx
Octafx is a zero-commission forex broker with $25 minimum deposit & 1:1000 leverage
Min Trade
USD 1
Min Deposit
USD 25
Base Currencies
USD
|
Deriv
Deriv is a CFD & Options broker that accepts Nigerian traders with $10 minimum deposit but they are...
Min Trade
USD 1
Min Deposit
USD 10
Base Currencies
USD
|
Pepperstone
Pepperstone is an FCA UK & ASIC Australia regulated forex broker with no minimum deposit & razor thi...
Min Trade
USD 1
Min Deposit
No
Base Currencies
AUD, USD, GBP, EUR, CHF, JPY, SGD, HKD
|
Tickmill
Tickmill is in Nigeria & they offer USD Raw Spread Accounts, N30,000 minimum deposit via Nigerian Ba...
Min Trade
USD 1
Min Deposit
NGN 30000
Base Currencies
USD, GBP, EUR, ZAR
|
Forex Brokers With $1 Minimum Deposit
$1 minimum deposit means anytime you want to fund your trading account, you can deposit as low as $1.
Forex brokers like Trade Nation and Pepperstone allow you deposit as little as $1 into your trading account
Forex Brokers With Minimum Deposit Below N10,000
Some brokers allow you deposit less than N10,000 into your account at any given time. FxPro has a minimum deposit of N5,000, HeadWay has a minimum deposit of N2,000 and FXTM has a minimum deposit of N7,000.
Forex Brokers With No Minimum Withdrawal
FxPro does not have any minimum withdrawal restriction so you can withdraw any amount from your trading account, even as low as N100.
Forex Brokers With Naira Account Currency
If your trading account currency is in naira, it means all your transactions will be displayed in Naira. It also means when you make a naira deposit into your account, you won't be charged a fee to convert it into another currency.
Forex brokers like FXTM, HeadWay, FxPro, Just Markets, Hantec Markets, HFM and Exness; all offer naira as one of the available account currencies.
Forex Brokers With Swap-Free Trading
Swap-free trading means you are not charged any overnight fee when you leave your trade open till the next day.
Forex brokers like Exness, Octafx, Just Markets and HFM do not charge overnight fees in Nigeria.
Forex Brokers That Don't Charge Inactivity Fees
An inactivity fee is usually charged to trading accounts that have not been used in a while. Inactivity fees range from as low as $5 to as high as $50 with some brokers
However, forex brokers like Tickmill, Trade Nation, Exness & Octafx do not charge inactivity fees.
Forex Brokers With No-Deposit Bonus
A no-deposit bonus means the broker gives you a bonus to trade with even without you depositing money into your account. Forex brokers like HeadWay give no-deposit bonus to Nigerian traders.
Forex Brokers With Lowest Spread
Spread is a trading fee that cannot be avoided and you must pay it whether your trade ends in a profit or loss. Spread also affects where you can place your stop loss.
When a brokers spread is too high, you must set your stop loss at a distance higher than the spread. For example if your brokers spread is 1.4 pips on EUR/USD, you must set a stop loss higher than 1.4 pips when trading.
The forex broker with the lowest spread in Nigeria is Trade Nation with their spread starting as low as 0.3 pips.
Forex Brokers With Non-Document Verification
Non-document verification means you do not need to snap and upload your means of identification when opening an account. All you need to do is supply your NIN or BVN number to the broker and you are good to go.
Forex brokers like FxPro, Exness and FXTM have non-document veriication in place.
Forex Brokers With TradingView
TradingView is a type of trading software which is very popular because it has many useful features and it is easy to understand even for a beginner.
Forex brokers like Trade Nation, Tickmill, FxPro have TradingView as a trading software for their customers to use.