My 5 Best Forex Brokers in Nigeria

I think Just Markets should be on this list.

Yes, AvaTrade is a really good forex broker but what is it with the $100 minimum deposit? Many forex brokers who use to have a $100 minimum deposit for Nigerian traders have since faced reality and reduced it.

FxPro has cut their minimum deposit from $100 to N5,000 (Standard Account)

Tickmill has also cut their minimum deposit from $100 to N30,000 (for both Standard & Raw Account)

To be fair, Tickmill Nigeria has reduced their minimum deposit to N30,000 & most may not know that this N30k minimum deposit is for both Tickmill Standard & Raw Spread Account.

This is one of the cheapest Raw Spread Accounts I have seen with any broker.

Personally, I am going to open a Raw Spread Account with Tickmill because I heard they are a very transparent broker who don't play tricks.

HFM is my broker and I'm glad it made your list bro. On HFM I currently trade with a Premium Account and though the spreads are high, I still get to make a decent profit on a good day.

My best forex broker in Nigeria is Tickmill. I use their Raw Spread Account and I have not had any issues with them trying to cheat me by manipulating prices. The only issue I have with Tickmill is their overly strict adherence to KYC when opening account and their customer service is based abroad (its not localized). Tickmill could get Nigerian account managers to handle Nigerian clients

Does anyone know what's happening with Octafx Nigeria? Theyy used to be an okay forex broker.

Trade Nation seems great for Nigeria, they have low spreads, eurusd is 0.6 pips. They also have no minimum depoisit but their minimum withdrawal is 50 EUR.

Ty mate

Tickmill is a no no! they do not have instant withdrawals which is a turn-off for me

AvaTrade should not be on this list, broker is freakin expensive!!! Remove AvaTrade and replace them with FXTM cos FXTM minimum deposit for Nigerians is just N7,000.

Add Trade Nation to your list

Tickmill would have been great but they lack proper localized support for Nigeria

Headway broker because of their no-deposit bonus, naira accounts, and competitive spread. But wait, they have their flaws too, their customer support is not the best.

im about opening with Tickmill

Tickmill is good but they dont do instant withdrawal

Not an issue so for me, I'm just tired of my current broker that is so old-skool

Tickmill has also lowered their minimum deposit to N30,000 (via bank transfer) for Nigerian traders. Their minimum withdrawal is the same 30k

FxPro is the one I use, their minimum deposit used to be N5,000 but now it has been increased to N8,000. I especially like that they allow naira accounts which for me is very important consideration

Haven't heard of them in a long while. Their promotions used to be everywhere back then. I never used them though cause it felt more like hype.

I'm trading with FxPro, and their leverage is what I like about them and minimum deposit.
the fact they allow you trade indices with 0.01 on a $10 account is a good one for me.