Which are the Best Prop Firms in Nigeria with Low Challenge Fees?

@amosglad01 - 1 year ago - Forex Brokers

I know every prop firm claims to be the best but which are the best prop firms currently accepting Nigerian traders while charging low challenge fees? I am concerned about the fees because the USD/NGN exchange rate is quite high so I wish the fees can be low.

@segun_33 - 1 year ago

I would say Maven Trading because they have lower challenge fees (as low as $38) and infinite number of trading days but stricter conditions like a lower daily loss limit around 3% and Maven prop firm does not permit news trading.

Although Maven offers cTrader, I prefer trading with their Match-Trader platform because I fear cTrader could decide to withdraw their platform anytime as we have seen MT5 do with some prop firms.

Another reason I trade with Maven is the Payouts are every 10 days and the Payout takes barely 8 to 9 hours.

@mr_casey - 9 months ago

I wouldnt advice you to focus on fees only, pick a prop firm that provides the right conditions for you to excel.

If you go for a shady prop firm because the challenge fees are cheap, you can keep failing the challenges everytime and keep repaying fees to retake them.

FTMO is one prop firm that is good although their fees are a bit high. They also offer a free trial so you can experiment before purchasing a challenge.

@kehinde - 7 months ago

The cheaper the fees, the higher the failure rate. Its all failure by design

@yokoyi - 2 weeks ago

@headies I know you have experience with prop firms in Nigeria, please which firm do you think is the best?

@headies25284

@headies25284 - 2 weeks ago

Quoted - yokoyi

@headies I know you have experience with prop firms in Nigeria, please which firm do you think is the best?

Naira trader prop firm is a good prop firm in Nigeria . They are also very cheap. Their account is in Naira not in dollars. They are also legit based on the experiences of some traders close to me.