Best Forex Brokers in Nigeria 2021

Best Forex Brokers in Nigeria 2021
Best Forex Brokers in Nigeria 2021

The Experts at Traders Union Have Published the Ratings of the Best Forex Brokers in Nigeria 2021

Traders Union financial experts have verified Forex brokers providing services within the territory of the Federal Republic of Nigeria using over 100 proprietary criteria. During the audit, experts examined the trading terms of brokers, the availability of financial regulation, customer reviews on the companies’ work, etc. The Best Nigeria Brokers Rating 2021 was formed based on the results obtained.

What brokers are included in the Top 10 Forex rating of Nigeria

The Top 10 Best Nigeria Forex Trading Platforms list includes those brokerage companies that obtained the highest scores in several basic parameters.

 Best Nigeria Forex Brokers — Top 10 

Position Broker Review
1 FXTM The deposit is $10

Trading platforms: MT4, MT5, FXTM

Regulation is available 


2 IC Markets The deposit is $200

Trading platforms — MT4

Regulation is available


3 eToro The deposit is $200

Trading platforms: eToro

Regulation is available


4 InstaForex The deposit is $1

Trading platforms:MT4

Regulation is available


5 AvaTrade The deposit is $100

Trading platforms: MT4, MT5.

Regulation is available


6 Admiral Markets Deposit is $100

Trading platforms: MT4, MT5, MT Supreme Edition

Regulation is available


7 FBS The deposit is $1

Trading platforms: FBS Trader, MT4, MT5

Regulation is available 


8 HotForex The deposit is $5

Trading platforms: MT4

Regulation is available


9 The deposit is $250

Trading platforms: MT4

Regulation is available


10 The deposit is $100

Trading platforms: МТ4, МТ5.

Regulation is available


Traders Union experts published a more detailed review of each broker on Nigeria’s Best Brokers Rating page.

Nigeria’s Best Brokers by TU’s proprietary criteria


Moreover, you can compare the basic trading terms of brokerage companies, study the lists of Nigeria Forex brokers using TU’s 100+ proprietary criteria, as well as study the information on the Nigeria Forex market regulation on the Nigeria Forex rating page.


You can also find the following lists in the Nigeria Forex brokers section:

  •  The Best trading platforms in Nigeria.
  • Best Nigerian Brokers for Investing in Forex.
  • The Best Nigerian Brokers For Novice Traders.
  • The Best Brokers With Deposits Through Nigerian Banks.
  • The Best Forex Brokers with Offices In Nigeria.

On the Nigeria brokers rating page, you can also read the latest reviews of traders working with Top 10 companies.

The Best Nigeria Forex Brokers Research Methodologies


Within the framework of a comprehensive analysis, the experts at Traders Union verify and evaluate the efficiency of Forex brokers and their growth dynamics by basic criteria, divided into five functional groups: 

  • The first group is the client. It consists of 27 criteria.
  • The second group is financial. It consists of 22 criteria.
  • The third group is economic. It consists of 18 criteria.
  • The fourth group is service. It consists of 23 criteria.
  • The fifth group is reputation. It consists of 7 criteria.

Thus, Traders Union financial experts and analysts obtain the most objective results for each broker.

Traders Union’s advantages for traders

Traders Union is an independent Union of Traders operating since 2010.  During this time, the number of Traders Union members has exceeded 300,000. Traders get more income from extra payments for each trade working with Traders Union. Moreover, the Traders Union protects its clients’ rights in the face of brokers by providing them with free legal support. 

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1 Comment
  1. Sebastian says

    Awesome website!

    Thank you for the information and your hard work!

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