17 Biggest Forex Brokers in Nigeria

Date:

Anene Peters

Thank you for reading this post, don't forget to subscribe!

28 july ,2020

IG Markets provides more than 17 000 financial markets to nearly 180 thousand traders across the globe. These markets include a wide range of indices, forex, shares, commodities and cryptocurrencies through the MetaTrader 4 and ProRealTime platforms.

IG Markets is one of the oldest forex brokers, so that traders can benefit from the company’s 45 years of experience. It boasts an execution speed of approximately 0.014 seconds and 86 million traders during its fiscal year 2019.

IG Markets was awarded at the ADVFN International Financial Awards 2020 and Professional Trader Awards 2019.

 

 

  • FXTM 

 

FXTM (also known as ForexTime) is a multi-award-winning broker which has achieved more than 40 awards celebrating its competitive trading conditions. It has a presence in approximately 150 countries worldwide.

Traders have access to a range of standard and ECN account types. Minimum deposits start at 100 USD and a range of benefits such as no commission fees, no requotes and tight spreads await traders who choose FXTM as broker.

 

 

  • Markets.com

 

Markets.com offers traders access to a wide selection of currency pairs, indices, ETFs, commodities, cryptocurrencies and shares. These are offered through a number of platforms, namely Marketsx, Marketsi, and MetaTrader 4 as well as MetaTrader 5.

A minimum deposit of only 100 USD is charged and traders can choose from a range of safe and secure deposit and withdrawal options.

 

 

  • Alpari International

 

Alpari International is a popular choice for traders around the globe and serves more than 2 million traders. It was founded in 1998 and through the years it has proven itself to be a reliable and reputable broker.

Alpari International is authorised and regulated in Mauritius by the FSC. Through its choice of powerful trading platforms, traders have access to over 250 trading instruments such as forex and CFDs.

 

 

  • HotForex

 

HotForex provides a range of account types to choose from. Spreads from 0.1 pips and high leverage ratios are just some of the benefits traders will enjoy when trading with HotForex. Minimum deposits start at just 5 USD.

This multi-award-winning company is known for its transparency, best trading conditions and excellent customer support. It specializes in forex, cryptocurrencies, precious metals, commodities and many more.

 

 

  • BlackBull Markets

 

BlackBull Markets specializes in forex, precious metals, index CFDs, energy and commodities.

This award-winning broker offers several benefits such as low spreads, high leverage, minimum deposits from 200 USD, No Dealing Desk execution and popular trading platforms.

 

  • AvaTrade 

 

AvaTrade is well-regulated and offers a safe and secure trading environment. It specializes in a number of financial markets such as forex, cryptocurrencies and CFDs.

An initial minimum deposit from 100 USD is required on accounts and swap-free Islamic account options are available.

 

 

  • Plus500

 

Plus500 traders are required to deposit 100 USD on entry-level account types.

With access to more than 2 000 financial instruments, traders of all styles and experience levels are catered for and can choose from a wide selection of forex pairs, indices, shares and cryptocurrencies.

Plus500 is authorised and regulated by a number of financial institutions.

 

 

  • eToro

 

eToro is popular amongst novices and professional traders alike with minimum deposits that start at 50 USD, no management fees and fast order execution. Deposit and withdrawal options are numerous and hassle-free.

eToro is authorised and regulated by CySEC, the FCA, and ASIC. Traders have access to nearly 2 000 financial instruments.

You might Like : CBN regulated forex brokers

 

 

  • XM Trading 

 

XM Trading is authorised and regulated by reputable financial authorities from around the globe – the IFSC, ASIC, CySEC, FCA and DFSA.

This broker offers promotions such as a $30 trading bonus, variable leverage ratios, low spreads and commission fees, swap-free options and a minimum deposit of only 5 USD.

It has received numerous awards such as Best FX Service Provider, Best Customer Service Global and Best Online CFD & FX Trading Broker.

 

 

  • Exness 

 

Exness provides a number of different account types through its Standard and ECN account options.

The broker has low minimum deposits from 1 USD, high leverage ratios of 1:2000 and spreads from 0.3 pips, which are offered through the MetaTrader 4, MetaTrader 5 and WebTerminal platforms, depending on the account type.

 

 

  • Tickmill

 

Tickmill traders are well catered for by this award-winning broker. It offers three different account types, each with its own characteristics. Minimum deposits start at 100 USD, and swap-free options, spreads from 0.0 pips and low commission fees can be expected.

Tickmill specializes in forex, stock indices and oil, precious metals as well as bonds, which are traded on its MetaTrader 4 and 5 platforms.

 

 

  • FOREX.com 

 

FOREX.com traders have access to over 4 500 financial markets such as forex, commodities, cryptocurrencies, equities and indices. Traders can expect tight spreads, low spreads and commission fees, API trading and account rebates on its three different account types.

FOREX.com supports a number of trading platforms that maximise performance, speed and flexibility. This broker is authorised and regulated by the Cayman Islands Monetary Authority.

 

 

  • CM Trading

 

CM Trading, the largest forex broker in South Africa, is well regulated and offers a safe trading environment for all traders. It specializes in forex, commodities and indices.

It caters to the needs of different trading styles and experience levels with four different account types, of which several benefits are offered such as spreads from 0.9 pips, swap-free options and webinar access.

 

 

  • easyMarkets 

 

easyMarkets traders have access to market news and live prices directly on the easyMarkets app. Traders benefit from zero spreads, no margin requirements, limited risk and are able to set trading times.

By offering a multitude of educational and research tools, easyMarkets ensures traders have all they need to succeed in the world of forex trading.

 

 

  • GO Markets

 

GO Markets offer traders world-wide access to approximately 350 financial instruments. Its Equinix LD4 data centres ensure fast order execution and with 3D Secure, and traders can fund accounts in a fast and secure way.

With its Smart Tools, this broker helps traders to navigate global markets and make informed trading decisions. GO Markets also offers award-winning customer services, minimum deposits of 200 USD and low spreads.

 

  • JustForex

 

JustForex offers a range of trading accounts that cater to the needs of all traders, beginners and professionals alike.

The minimum deposit on its Standard accounts is just 1 USD. Traders will also benefit from leverage ratios of 1:3000, spreads from 0 pips, several trading strategies, order execution from 0.01 seconds and access to more than 170 trading instruments.

Commission fees are only charged on the broker’s Raw Spread account.

Peter Okafor
Peter Okaforhttp://Naija247news.com
Peter Okafor Financial Journalist | Editor | Contributor Overview: Peter Okafor is a seasoned Financial Journalist, astute Editor, and valued Contributor at Naija247news Media Group. With an unwavering passion for dissecting complex financial landscapes, Peter has become a trusted name in delivering incisive and insightful coverage of economic events, market trends, and corporate dynamics. Professional Journey Peter's journey in financial journalism has been marked by a commitment to excellence. Joining the ranks of Naija247news, he has consistently demonstrated a keen understanding of the intricate interplay between finance and the global socio-economic fabric. Expertise: Specializing in financial markets, economic analyses, and business developments, Peter Okafor has honed his expertise over the years. His ability to unravel intricate financial narratives and present them in a comprehensible manner sets him apart in the world of financial journalism. Contributions As an Editor and Contributor, Peter has played a pivotal role in shaping the narrative of Naija247news. His contributions extend to thought-provoking articles, in-depth market analyses, and coverage of key events that impact the financial landscape. Educational Background: Peter holds a degree in Journalism, complemented by specialized courses in Finance and Business Reporting. His educational foundation has provided him with the tools to navigate the intricate world of financial journalism. Innovation and Adaptability: In an era of evolving media landscapes, Peter Okafor exemplifies innovation and adaptability. Leveraging digital platforms and emerging technologies, he ensures that financial insights reach a diverse audience, fostering financial literacy and awareness. Awards and Recognition: Peter's commitment to journalistic excellence has not gone unnoticed. He has been the recipient of several awards, recognizing his outstanding contributions to the field of financial journalism. Vision for the Future: Looking ahead, Peter Okafor envisions a future where financial journalism continues to empower individuals, shape economic policies, and drive positive change. His dedication to staying at the forefront of financial news underscores his commitment to this vision. Connect with Peter Okafor: - LinkedIn: [Peter Okafor](#) - Twitter: [@PeterOkafor_N247](#) In the dynamic realm of financial journalism, Peter Okafor stands as a stalwart, combining experience, expertise, and a forward-looking vision to illuminate the path of financial understanding for a global audience.

Share post:

Subscribe

Popular

More like this
Related

“Two broke people dating should be a crime” – Cynthia Morgan

March 28, 2024. Azonuchechi Chukwu. Nigerian singer, Cynthia Morgan has explained...

Positive Outlook for Nigeria as Interest-Rate Increases Spark Investor Interest

Nigeria Leads Emerging-Market Rebound Amidst Policy ReformsAs the first...

“West Africa’s Cocoa Crisis: Chocolate Prices Soar Amidst Devastation”

Janet Gyamfi, a 52-year-old cocoa farmer from western Ghana,...

Nigeria’s New Mining Licensing Strategy: A Shift Towards Local Processing

Nigeria is shifting its mining licensing process to prioritize...
Social Media Auto Publish Powered By : XYZScripts.com

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading