Mb trading commission forex

Forex trading companies in nigeria

10 Best Forex Brokers in Nigeria,About Forex Brokers in Nigeria Summary 2022

The best forex brokers in Nigeria in Our analysts have compared brokers providing trading services in Nigeria and selected the 8 best forex brokers in Nigeria, regulated by reputable 16/11/ · Best Forex Brokers in Nigeria. Our 10 best-registered & regulated forex brokers in Nigeria are: Tickmill: Best Broker for Beginners & Experienced Traders. FBS: The Is Forex Trading In Nigeria Profitable? It might be a good idea to trade Forex by Nigerian investors as they may get rich. A currency’s fluctuations are used to calculate the market price AvaTrade has been an innovative pioneer in online trading since They have become a reputable forex investment company in Nigeria for forex investment. The company was ... read more

OctaFX appeared in the Forex market in An MT4 account with floating spread from 0. Investors with experience will be interested to open OctaFX MT 5 account, offering all the trading advantages of ECN accounts. For all accounts trades are executed on the market in less than 0. The trading instruments offered by the broker is inferior to other companies, with up to 32 currency pairs for trading many brokers offer up to 50 pairs and more.

CFD trading on popular assets is also available: commodities, indices and commodities, cryptocurrency. The privileges program is developed: from bronze to platinum. Multilingual support service is always in touch.

Deposit and withdrawal options for Nigerian traders are varied. Instant deposits via Scrill, Neteller, bank transfer or cash from local banks are available, all depositing operations the broker performs without any commissions. Additionally, deposits and withdrawals in BTC are available. OctaFX is licensed by the highest security regulator CySEC, so it is considered reliable for Nigerian traders to trade.

The company has been repeatedly recognized as the best broker in Asia, Europe and Nigeria, according to reputable rating agencies. The broker offers competitive terms for commissions and spreads: from 0. Wide choice of channels for deposit and withdrawal of funds from accounts in Nigeria, which are executed by the broker without any charges. Responsive customer service, tiered bonus system, the higher the deposit, the more privileges are offered to the trader.

Cons of OctaFX Compared with other forex brokers in Nigeria, the company offers a smaller number of currency pairs — only 32, also available CFD on two metals gold and silver , 10 most popular indices and 5 cryptocurrencies. XM is another world-class forex broker that meets the highest standards of forex trading and is recommended for Forex traders in Nigeria. XM offers a wide range of trading instruments more than , multi currency accounts not only USD, EUR, but also GBP, JPY, CHF, AUD, the full list is on the website , instant execution in less than 1 second and low spreads.

The only significant drawback of the broker can be considered the lack of representation in Nigeria. XM Forex, as part of the Trading Point Group holding, has been in the foreign exchange market since It is regulated by the supreme financial market authorities of two continents, in Europe by CySEC of Cyprus and in Australia by the Australian Securities and Investments Commission.

Free trading training, regular analytics and reviews — all conditions have been created for Nigerian traders to learn the basics of successful trading.

XM offers trading on all types of devices using an advanced MT4 or MT5 platform, protection against negative balances and free daily market analysis, which makes it easier for new traders to open trades in the market. Regulated by two reputable services — CySEC, ASIC.

The broker offers one of the lowest spreads on the market: from 0. Fast withdrawal of funds, no commissions. Instant execution of orders at market price. Available support service, 24 hours a day, every day without holidays and weekends. Cons of XM The broker does not have a local office in Nigeria, no ability to fund the account with local banks. The spread on Micro and Standard accounts from 1 point is quite high, so to reduce costs it is recommended to open an XM Ultra Low account.

Exness is a broker with low commissions, with deposits and withdrawals from banks in Nigeria. Overall rating: 8.

The forex broker is part of the Exness Group. The company has been working in the financial services market since It is supervised by several international regulators, including the Financial Sector Conduct Authority FSCA in South Africa. Forex broker offers competitive and interesting working conditions in the foreign exchange market. Traders are offered to trade with more than currency pairs, which significantly differs from the standard offer of the majority of brokers; spreads on currency pairs start from 0 pips.

The broker divides the trading accounts into 2 categories: standard 2 account types and professional 3 account types with one of the highest leverage on the market — The first group fits beginners traders. The second one is for professionals with big experience and large capitals. Spreads on professional accounts from 0 points. The processing of deposit or withdrawal transactions is made automatically. The broker does not withhold any commissions for the transactions.

Exness is a professional forex broker of international standard regulated by prestigious regulatory agencies. Minimum spreads on standard accounts from 0.

Wide range of funding channels, including local online banks available in Nigeria. Huge selection of trading instruments: currency pairs, 13 cryptocurrencies, 81 stocks, indices. Withdrawals are automatic and commission-free. Cons of Exness The broker would be more in demand if it developed a bonus program or promotions. The Forex broker offers a wide range of trading opportunities for traders: round-the-clock support in 17 foreign languages, trading in more than 50 currency pairs, CFDs on commodities and raw materials, indices and cryptocurrencies.

For those customers who are not planning to delve into the intricacies of the foreign exchange market, there are programs for automated trading through two platforms to choose from: ZuluTrade, which collects signals to open transactions or DupliTrade.

Avatrade is regulated by the FSCA and ASIC. Wide range of trading instruments — over 1, Fixed spread that does not change depending on market conditions. No deposit or withdrawal fees. Disadvantages of Avatrade. The broker does not have a British FCA license. Some currency pairs minor and exotic have higher spreads. Alpari is a good ECN broker with minimum deposit.

The company has offices and representative offices in many major cities around the world, there is an office in Abuja. The broker promotes interesting trading conditions: low spreads, a large selection of trading accounts for any level of training, promotions, multi-lingual customer support, which makes the company an interesting option for Nigerian traders. Trading instruments are currency pairs from 33 to 46, depending on the account type , metals and CFD.

There are no additional commissions besides the spread. Our support team is online 24 hours a day and accessible both in Nigeria and in any other country.

One of the oldest Forex brokers in the world with more than 2 million active traders. Minimum deposit starting at 0 Naira or US Dollars. Low spreads. Investors can work with PAMM accounts, active traders can become asset managers and earn additional income. Limited selection of trading tools: maximum 46 currency pairs, 2 precious metals and 18 CFD assets. IC Markets is a large international broker, controlled by the CySEC license regulator in Cyprus.

It offers a large selection of trading instruments: more than assets, among which there are 60 currency pairs, cryptocurrencies 10 items , commodities, indices and stocks. The broker implements trading on three types of accounts, the main difference in which is the absence or presence of a spread.

In order to know in detail the internal peculiarities of trading conditions, account opening and maintenance it is necessary to have practical experience in dealing with brokers. One of the key factors in choosing a broker was the registration and regulation on the territory of Nigeria or any authoritative financial center such as UK, Europe, Australia or South Africa, because the regulatory authorities located in these countries can protect the interests of Nigerian traders in case of disputes or conflicts.

The next important thing when getting to know a broker is to study the trading platform, trading instruments, the quality of the support service, the timing of financial transactions on accounts.

Around the world, the financial services industry has developed rules that brokers who offer financial instrument trading services, whether it is forex or other exchange traded investments, must abide by. These rules protect clients depositing their accounts with brokers from fraudulent schemes and actions.

In our list we have considered only those brokers that have top level licenses from financial regulators Financial Conduct Authority UK or CySEC Cyprus. Thus, companies, if they want to operate in the financial markets, have to provide clients with transparent and clear conditions of trading, disclose any information regarding commissions or other fees on accounts and comply with laws.

It should be noted that not all licenses are equally reliable. Many forex brokers are licensed by supervisory authorities located in offshore zones, which creates serious obstacles to justice when fraudulent schemes are discovered.

Such zones and licenses are considered to be: a common license obtained in Belize — IFSC, or FSA, a certificate issued in Saint Vincent and the Grenadines by the Financial Services Authority. A reliable Forex broker is licensed by one of the most respected and trustworthy of the major league regulators — FCA, FSCA and CySEC. The optimal variant is to have all three certificates at once. The presence of one or another license is reported by the broker on the main page of the official website.

Reliable brokers place the registration number and the license issuance date at the bottom of the homepage, so that the client is not looking for the certificate, but can find it at once. For example, one of the leaders in the list of the best brokers in Nigeria, FXTM, has licenses from all major regulators — FCA, FSCA and CySEC, which makes the company a reliable partner, which can be trusted with a deposit.

The HotForex broker is similarly regulated, with all three major FCA, FSCA and CySEC licenses on its books as well. This will help to avoid fraudsters who give numbers of non-existent licenses. An important indicator for choosing a broker is the feedback from real users who trade with the company.

In them you can find out the special conditions, which are disclosed in active trading. The presence of a large number of negative references or no specific information should be alerting, because real traders always describe the facts and specific features that are manifested in the process of trading. For example, how fast the pending orders are executed, if there are slippages or requotes, how spread changes when there are important news.

It is impossible to conduct the full-fledged trading without using a convenient and modern application. It is important that the broker considers the needs of clients and offers trading solutions through which you can deposit your account in any way.

There are brokers that limit the range of provided trading terminals or ways to work with them, for example, the platform is only available on a PC or in the web version. It is better not to cooperate with such companies. Any decent broker today can offer trading from any device: laptop, tablet or cell phone. So having a mobile application is one of the important criteria for choosing a forex broker. The brokers included in our rating of the best in Nigeria offer different types of trading platforms.

Also, they are in 8 global locations, with a local office in Abuja. They operate a 24 hours customer service, a local deposit option, and good promotions. is a legit regulated forex CFD provider in Nigeria. They have a mission to provide their clients with the lowest spreads possible in all market conditions. They offer a wide array of trading options which makes it easy for active day traders, scalpers, and rookie traders to transact in the forex market. Is one of the largest forex brokers in the world.

They founded in the year and have since then grown to become one of the biggest companies in the foreign exchange space. Their mission is to create a world tech-based trading which allows traders to embrace the challenge and opportunities available in the global market.

Furthermore, Pepperstone is decorated with several awards. They founded Octa Fx in the year , and ever since then, they have grown to be one of the best STP forex brokers.

It is their aim to help customers find the best trading conditions in the forex market. They achieve this by creating a cost-effective trading experience that allows both rookie and old hand traders to earn more with the same amount. Since their inception in , they have received 28 awards, over trade executed, and also over 1.

They are a forex company you can bank on. Also check out what you should know about Forex Trading. Getting a secure and legit foreign investment company in Nigeria can seem a very great task. But, with the companies we have listed in the body of this article, you can be sure of a secure trading experience. You can get learn about how to buy bitcoin safely in Nigeria after CBN ban in our other article.

Skip to primary navigation Skip to main content Skip to primary sidebar Skip to footer Personal Finance Corporate Finance Capital Market Reviews Find an Investment. List of Forex Investment Companies in Nigeria. Forextime Forextime which is also known as FXTM is one of the safest and secure forex investment companies in Nigeria.

ALPARI Forex Investment Is one of the biggest forex exchange company in the world. Read this - OnePipe - An easy way to embed payment services.

Our analysts have compared brokers providing trading services in Nigeria and selected the 8 best forex brokers in Nigeria, regulated by reputable supervisory bodies — FCA Britain , CySEC Cyprus and FSCA South America. Forex trading is rightly considered one of the most popular ways of investing. The foreign exchange market is the most lucrative in the world. Millions of traders open accounts every day. The number of brokers providing access to Forex also grows every day.

They are the ones who know by what parameters it is necessary to evaluate and choose the broker. Nigeria, one of the largest countries on the African continent, is an attractive place for forex brokers. The developing country can offer a large number of traders interested in Forex trading. To choose the best company, we have analyzed 30 different brokers that work with Nigerian traders. The brokers are evaluated using specific algorithms and parameters. Among the main indicators, which are analyzed and confirm the correspondence of the broker to the highest level, are the commissions charged, the spread, the leverage offered, the deadline for order execution, the size of the minimum deposit, the methods and timing of deposit and withdrawal of profits.

Here is an updated list for of the best brokers in Nigeria, selected based on the main criteria that characterize a broker as a reliable company. Forextime or FXTM is the best forex broker in Nigeria.

One of the obvious advantages compared to the main competitors is the presence of an office in Nigeria. The company is deservedly considered safe because it is licensed by the major and most reputable market regulators: FCA British regulator or Financial Services Authority , CySEC, FSCA Financial Services Council of South Africa and FSC Financial Services Commission of the Republic of Mauritius.

Founded in , FXTM is supervised by the British FCA, which makes the broker a reliable partner for trading in the foreign exchange market. The company offers three types of accounts, the currency can be one of the following: American dollar, European euro, British pound or Nigerian naira. Loyal initial investment requirements — 10, Nigerian Naira on a micro account is enough to get you started.

In addition to classic forex trading, the broker offers traders access to other financial instruments: CFDs on commodities or commodities, precious metals, indices and commodities. Any instrument can be used to minimize risks and diversify the investment portfolio and is available on any type of account.

The company is represented in the cities of Lagos and Abuja. The hour customer support team can communicate in 20 foreign languages, including the most widely spoken languages of the Asian continent.

For every account type, traders are offered to try their hand at demo accounts. A wide range of training materials and webinars are available to help novice traders. About 20 payment instruments are available for deposit and withdrawal, among them: bank transfers in Indonesia or Nigeria , bank card payments, popular payment services Neteller, Perfect Money, WebMoney, Dotpay or Scrill. Transactions are processed within 24 hours maximum. Withdrawals via local banks in Nigeria without any fees.

FXTM is a world-class broker that offers traders a safe and secure environment and is licensed by top-tier regulators such as the British FCA, CySEC in Cyprus and the South African FSCA. Low spreads on currency pairs, the ability to trade without paying the spread on an Avantage account. Prompt processing of withdrawal transactions — maximum within 24 hours, usually within a few hours most brokers process withdrawal transactions only during business hours and can withdraw money up to 2 business days.

Quick help from customer support, who is available 24 hours a day, 7 days a week. HotForex is recommended to traders in Nigeria because it is a company of world renown. Thus, since , the broker is the official sponsor of one of the best French soccer teams — Paris Saint-Germain.

It is under the financial supervision of the best and most respected services — the FCA, FSCA and CySEC. The broker is recommended for trading in Nigeria, both for beginners and professionals. HotForex brand was founded in and has licenses for financial operations in Forex from FCA Britain and FSCA, that characterizes the company as reliable.

Special type of account with zero Spread. Spread varies from market situation and can vary both to decrease and increase. A more detailed comparison of the account commission is placed on the official website of the company and analyzed in comparison with other popular Forex brokers: Forex.

com, Oanda, FxPro and Markets. This further confirms that the company values honesty and transparency in its dealings with clients.

The trading platforms offered by HotForex are standard — MetaTrader 4 MetatTrader 5. Traders can choose between mobile applications, and work on the online version of the terminal. HotForex offers Nigerian traders to fund their accounts in the local currency through bank branches. More than 10 deposit such as Scrill or Neteller and withdrawal channels are also available.

Transactions are processed instantly for both deposits and withdrawals maximum time to process withdrawals is up to 2 days. HotForex belongs to the highest league of Forex brokers due to the licenses of the best regulators FCA and CySEC. A wide range of trading instruments including not only currency pairs, but also CFDs on commodities, indices, precious metals and cryptocurrencies, bonds and ETFs.

The broker has set some of the lowest spreads in the market, trading on the account with zero spread is available. Wide choice of purses and channels for deposits and withdrawals, fast processing of applications for withdrawal of profit.

No commission for deposit and withdrawal of money from the account. All other accounts have no such commission. The company regularly receives awards as the best broker in Asia or Europe.

The broker offers several types of accounts with fixed or variable spreads, a variety of deposit and withdrawal options, including through local banks in Nigeria. Access to the market is through the classical terminals — MT4 and MT5, in addition, the company promotes the trading application cTrader. OctaFX appeared in the Forex market in An MT4 account with floating spread from 0.

Investors with experience will be interested to open OctaFX MT 5 account, offering all the trading advantages of ECN accounts. For all accounts trades are executed on the market in less than 0. The trading instruments offered by the broker is inferior to other companies, with up to 32 currency pairs for trading many brokers offer up to 50 pairs and more. CFD trading on popular assets is also available: commodities, indices and commodities, cryptocurrency.

The privileges program is developed: from bronze to platinum. Multilingual support service is always in touch. Deposit and withdrawal options for Nigerian traders are varied. Instant deposits via Scrill, Neteller, bank transfer or cash from local banks are available, all depositing operations the broker performs without any commissions.

Additionally, deposits and withdrawals in BTC are available. OctaFX is licensed by the highest security regulator CySEC, so it is considered reliable for Nigerian traders to trade. The company has been repeatedly recognized as the best broker in Asia, Europe and Nigeria, according to reputable rating agencies.

The broker offers competitive terms for commissions and spreads: from 0. Wide choice of channels for deposit and withdrawal of funds from accounts in Nigeria, which are executed by the broker without any charges. Responsive customer service, tiered bonus system, the higher the deposit, the more privileges are offered to the trader. Cons of OctaFX Compared with other forex brokers in Nigeria, the company offers a smaller number of currency pairs — only 32, also available CFD on two metals gold and silver , 10 most popular indices and 5 cryptocurrencies.

XM is another world-class forex broker that meets the highest standards of forex trading and is recommended for Forex traders in Nigeria.

XM offers a wide range of trading instruments more than , multi currency accounts not only USD, EUR, but also GBP, JPY, CHF, AUD, the full list is on the website , instant execution in less than 1 second and low spreads. The only significant drawback of the broker can be considered the lack of representation in Nigeria. XM Forex, as part of the Trading Point Group holding, has been in the foreign exchange market since It is regulated by the supreme financial market authorities of two continents, in Europe by CySEC of Cyprus and in Australia by the Australian Securities and Investments Commission.

Free trading training, regular analytics and reviews — all conditions have been created for Nigerian traders to learn the basics of successful trading. XM offers trading on all types of devices using an advanced MT4 or MT5 platform, protection against negative balances and free daily market analysis, which makes it easier for new traders to open trades in the market.

Regulated by two reputable services — CySEC, ASIC. The broker offers one of the lowest spreads on the market: from 0. Fast withdrawal of funds, no commissions. Instant execution of orders at market price. Available support service, 24 hours a day, every day without holidays and weekends. Cons of XM The broker does not have a local office in Nigeria, no ability to fund the account with local banks.

The spread on Micro and Standard accounts from 1 point is quite high, so to reduce costs it is recommended to open an XM Ultra Low account.

Exness is a broker with low commissions, with deposits and withdrawals from banks in Nigeria. Overall rating: 8. The forex broker is part of the Exness Group. The company has been working in the financial services market since It is supervised by several international regulators, including the Financial Sector Conduct Authority FSCA in South Africa. Forex broker offers competitive and interesting working conditions in the foreign exchange market.

Traders are offered to trade with more than currency pairs, which significantly differs from the standard offer of the majority of brokers; spreads on currency pairs start from 0 pips. The broker divides the trading accounts into 2 categories: standard 2 account types and professional 3 account types with one of the highest leverage on the market — The first group fits beginners traders.

The second one is for professionals with big experience and large capitals. Spreads on professional accounts from 0 points.

The processing of deposit or withdrawal transactions is made automatically. The broker does not withhold any commissions for the transactions.

Best Forex Brokers in Nigeria for 2022,IC Markets

16/11/ · Best Forex Brokers in Nigeria. Our 10 best-registered & regulated forex brokers in Nigeria are: Tickmill: Best Broker for Beginners & Experienced Traders. FBS: The Is Forex Trading In Nigeria Profitable? It might be a good idea to trade Forex by Nigerian investors as they may get rich. A currency’s fluctuations are used to calculate the market price AvaTrade has been an innovative pioneer in online trading since They have become a reputable forex investment company in Nigeria for forex investment. The company was The best forex brokers in Nigeria in Our analysts have compared brokers providing trading services in Nigeria and selected the 8 best forex brokers in Nigeria, regulated by reputable ... read more

It is best suited for beginners and experienced traders in Nigeria, along with MetaTrader 4 support, an Islamic account, and a range of trading tools. HotForex offers a choice of 5 trading accounts. Bdswiss 3. The minimum account deposit required for opening a trading account is USD for Nigerian traders. Their deposit requirement is also relatively low. The only significant drawback of the broker can be considered the lack of representation in Nigeria. It is the best forex broker Nigeria suited for traders who are well versed in using the MetaTrader 4 MetaTrader 5, and more trading platforms.

Trading Platforms. Avatrade 2. Standard Account: Forex spreads from 1. For instance, if you hold a forex and CFD position open for longer than one day you will pay or receive overnight financing fees, also known as swap rates. read our HotForex review. The available trading platforms offered are MT4 and the easyMarkets web platform. Other brokers, like the forex broker HotForex discussed earlier, forex trading companies in nigeria, go further and offer clients to work with bonds or ETFs.

Categories: