— Earning is the dream of every youth, that's why today I will teach how you can make up to $5000 per month with Forex Trading in Nigeria

— We compared the best forex brokers in Nigeria. If you are a trader from Nigeria and want to start forex trading, be smart to avoid financial scams prevalent on the African continent and consider trading with  CBN regulated forex brokers. — Nigerian forex traders should make sure if depositing in Nigerian NAIRA currency is allowed by your chosen Nigerian forex trading platform! Doing so can save you future exchange rate fees between USD and NAIRA.

5 Best Forex Broker in Nigeria 2021

Our handpicked list of regulated forex brokers operating in Nigeria.

✅ AvaTrade – Best Nigerian Forex Broker
✅ HotForex – Best for High Leverage & Bonuses
✅ Pepperstone – Best Forex Trading Platforms
✅ XM.COM – Low spreads & High leverage
✅ IQ Option – Best High Leverage Forex Broker

All of the above 5 forex brokers listed are the best in all aspects but we recommended Exness that is a world-class forex broker. Exness is the world's first forex broker that allowed an instant and automatic withdrawal system.


Best Forex Brokers in Nigeria — 2021


✅ Benefits

Awarded: Best Nigerian Forex Broker
— BONUS 20% for new traders
— Nigerian Naira ₦ (NGN) deposit 
— Deposit min: $100
— Leverage: 400:1
— FIXED Spread: from 1 Pips
— Fully Regulated in Africa
— Rating 98%
— Avatrade review

✅ Platforms

— MT4
— Avago
— AvaOptions
— iOS/Android App

2.Exness Forex Broker - Asia No-01 Broker of 2021

✅ Benefits

Awarded: Best Nigerian Forex Broker
— BONUS 200% for new traders
— Nigerian Naira ₦ (NGN) deposit 
— Deposit min: $1
— Leverage: 1:2000
— FIXED Spread: from 1 Pip
— Fully Regulated in Africa
— Rating 98%
— Regulated by - FCA, CySEC

✅ Platforms

— MT4 & MT5
— iOS/Android App, Web & Mobile

Why trade forex with Exness.

– Super tight spreads
– Instant automated Withdrawals and deposits 24/7
– Multiple withdrawal and deposit methods
– Negative balance protection
– Regulated broker
– Mpesa and Mobile money broker  
– Funding in local currency

3. Hot Forex Broker - Best Broker of 2021

✅ Benefits

High Leverage & Bonuses for new traders
—  100% Bonus for new traders
—  Safe for large and small deposits
—  Nigerian Naira ₦ (NGN) deposit 
—  Min. deposit $50
—  56 Currency pairs
—  Leverage: 1000:1
—  Swap Free Islamic Account
—  Good for beginners
—  Spread from 0.9 Pips

✅ Platforms

— MT4 & MT5
— iOS/Android App, 
— Web & Mobile

4. Pepperstone Forex Broker Nigeria 2021

✅ Benefits

The Lowest Spread ECN Forex Broker
✔ Spread from 0,0 Pips
✔ For beginners & advanced traders
✔ Regulated by FCA UK, ASIC Australia
✔ Deposit min: $150
✔ Islamic Account
✔ 86 Currency pairs
✔ MT4/MT5/cTrader
✔ Leverage: 400:1
✔ English support
✔ Regulated in UK/Australia

✅ Platforms

— MT4 & MT5
— iOS/Android App, 
— Web & Mobile

5. XM Forex Broker 

✅ Benefits

Popular MT4 Forex Broker in the World
— $30 No Deposit Bonus
— 56 Currency pairs
— Leverage: 888:1
— Swap Free Islamic Account
— Good for beginners
— Quality online education
— Deposit Min: $15
— Spread from 0 Pips

✅ Platforms

— MT4 & MT5
— iOS/Android App, 
— Web & Mobile

Best forex in Nigeria

Is Forex Trading Legal in Nigeria?

— Yes, forex trading is legal in Nigeria. With the rapidly growing Nigerian economy, it was no wonder that the Nigerian forex market has witnessed rapid growth during the past decade, as more and more middle-class Nigerians have been joining the fx market. — This boom has led to many scams and fraud taking place. The national watchdog has been therefore cracking down on unregulated scam forex brokers who promise riches to newbies for the past few years. The fx industry in Nigeria now tries hard to regain its good reputation.

History of Forex Trading in Nigeria

— The boom in forex currency trading has begun in the mid-2000s and by now there are around 300 thousand retail forex traders in Nigeria according to FinanceMagnates.com resource. Thanks to low barriers of entry (low minimum deposits + high leverage trading + free trading platforms) more and more middle-class people can now afford to invest this way.

— We strongly urge you to start trading only with regulated fx brokersYou may choose either some of our world-renowned brokers with the regulation in the UK, Cyprus OR go with some local Nigerian CBN regulated forex broker.

Best Forex broker of Nigeria that we recommended?

We highly recommended trading with the Exness forex broker, Because it is a well regulated and fully automatic deposit and withdrawal broker. Are you interested? Let's open an account with exness - Click Here