My 5 Best Forex Brokers in Nigeria
Based on my personal experience I will say these are my top 5 forex brokers in Nigeria:
1. AvaTrade
Pros: Fixed spread, Good customer support, Advanced trading software
Cons: High minimum deposit of $100, No Naira account currency
2. Tickmill
Pros: Execution speed, Platform stability, MT5 support kits
Cons: No Naira account currency, High minimum deposit of $100
3. HF Markets
Pros: Naira account currency, HFM Wallet, Customer support, Stable & transparent spread
Cons: Platform stability, High spread
4. FxPro
Pros: Naira account, FxPro Wallet, Platform stability
Cons: High spread, Customer support
5. Exness
Pros: Naira account, Platforms
Cons: Spread is not transparent, Customer support is poor
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.
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
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.