11/06/ · All the forex brokers that accept traders from Nigeria are foreign CFD brokers. So it is really important to choose the brokers that are reputed & licensed by multiple foreign Top tier regulators. Hotforex is the #1 forex broker as per our ratings because of their regulation with multiple Tier-1 & Tier-2 regulators i.e. FCA, FSCA, CySEC & others The companies which we present on this page are tested with real money. To get a closer look at a Forex Broker you can read the full and detailed reviews. The winner is clearly Pepperstone because the commissions are the lowest. See our reviews of the 10 best zero spread accounts: Libertex; Pepperstone; IC Markets; Tickmill; XTB; BDSwiss; XM; RoboForex; Vantage FXEstimated Reading Time: 8 mins 05/07/ · Libertex – Best Forex Broker in Nigeria with ZERO Spreads. VantageFX – Best Forex Broker for ECN Accounts. Avatrade – Best Broker for Range of Accounts (CFD, Options, Copy) Pepperstone – Top-Rated Forex Broker for Range of Trading Platforms Offered. OANDA –
Best Forex Brokers in Nigeria CBN Regulated Brokers
In this article, we reviewed and tested multiple forex brokers serving traders based in Nigeria. The Central Bank of Nigeria CBN is the sole authority tasked with regulating online trading but is yet to start issuing licenses to Fores brokers. Therefore, we compiled a list of reputable brokers licensed by tier 1 and 2 regulators globally that serve Nigerian traders.
Then, we placed live trades of the most popular assets to determine the actual spreads. Finally, we withdrew our funds to assess whether the withdrawal process was smooth. We handpicked the best forex brokers based on the trading data collected and our experience as traders. Forex brokers in Nigeria are authorised by the Central Bank of Nigeria CBN to operate in Nigeria.
We suggest investors and traders follow the CBN on Twitter, cenbankto get the latest news and updates. These are reputable brokers who adhere to the stringent rules set by tier 1 and 2 regulators. In addition, many of them offer customer deposit compensation schemes if the broker goes bankrupt. Nigerian forex brokers with zero spread shall promptly update this list once the CBN starts issuing licenses to Forex brokers as the Nigerian Forex trading industry matures.
We tested and reviewed 5 forex brokers operating in Nigeria by opening live accounts, depositing real money, and placing actual trades to select the best forex brokers. We wanted to accurately determine the actual spreads and commissions, the trading platform, deposit and withdrawal conditions, trader education, and customer service.
We picked Pepperstone as the best overall forex broker in Nigeria. Pepperstone offers the full package for a good broker. Opening an account is smooth. The spread is competitive at 1. Furthermore, the broker provides great educational and trading tools, nigerian forex brokers with zero spread, including video tutorials, webinars, nigerian forex brokers with zero spread, Autochartist and more. The broker recently added social trading via Myfxbook and DupliTrade.
The best Forex broker for beginner traders in Nigeria is IC Markets, which has in-depth and well-structured educational content. The broker also holds frequent webinars that educate beginner traders on various aspects of trading. Traders can learn about fundamental and technical analysis, including how to apply the same to their trading.
The broker has invested heavily in its education program to give its clients a headstart when trading the markets. Traders can learn via various formats, including high quality pre-recorded videos, written texts and live webinars. The best MT4 broker in Nigeria is XM, which offers the MT4 and MT5 trading platforms.
XM offers both the web version of the MT4 platform and the mobile and desktop version of the popular trading app to Nigerian traders. Here are other important details about the tests we conducted on the five Nigerian Forex brokers discussed above:.
Forex traders based in Nigeria can start trading Forex without having to deposit any of their money as some brokers offer a no deposit bonuses.
While the no deposit bonus is an easy way to start trading, you should know that most brokers have many rules regarding such bonuses, and you might have to trade a certain number of lots before you can withdraw your winnings. Given that many of the brokers reviewed are headquartered and licensed in overseas countries, it was a relief to find that one of them has a local office in Nigeria. HotForex and FXTM have actual offices in Lagos, Nigeria, that provides local support to Nigerian traders.
Nigerian forex brokers with zero spread our experience, having a local support team typically improves the quality of customer service offered to clients. While our recommended broker for beginner traders is IC Markets there are other brokers that offer excellent training resources for beginner. One such broker is XM, which has a detailed educational offering that equips beginner traders with nigerian forex brokers with zero spread of the skills needed to trade the markets.
FXTM and Pepperstone are the two brokers that offer swap-free Islamic Forex trading accounts in Nigeria, nigerian forex brokers with zero spread.
I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader. Everything you find on BrokerTested is based on reliable data and unbiased information. Read more about our methodology. Your email address will not be published. Save my name, email in this browser for the next time I comment.
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Forex Brokers for Beginners. All Categories. About us. Best Forex Brokers Nigeria Post author By George Rossi Post date 2 July No Comments on Best Forex Brokers Nigeria Pepperstone Our Top Pick - Best Forex Broker in Nigeria. CBN Regulation Nigerian Best FX Brokers Nigerian Brokers List Verify CBN Brokers Brokers accept GloMoney ECN Brokers Nigeria MT4 Brokers Nigeria High Leverage Brokers Nigeria Lowest Spread Broker Nigeria.
CBN-Licensed Forex Brokers in Nigeria Forex brokers in Nigeria are authorised by the Central Bank of Nigeria CBN to operate nigerian forex brokers with zero spread Nigeria. Some of the key highlights of trading with CBN regulated brokers: ��Nigeria Regulator Central Bank of Nigeria CBN ��Max.
Best Forex Broker for Beginners in Nigeria The best Forex broker for beginner traders in Nigeria is IC Markets, which has in-depth and well-structured educational content. Best MT4 Broker Nigeria The best MT4 broker in Nigeria is XM, which offers the MT4 and MT5 trading platforms. Forex Brokers With Offices in Nigeria Given that many of the brokers reviewed are headquartered and licensed in overseas countries, it was a relief to find that one of them has a local office in Nigeria.
Best Forex Brokers for Beginners While our recommended broker for beginner traders is IC Markets there are other brokers that offer excellent training resources for beginner.
Pepperstone also has an excellent suite of educational materials for all levels of traders. Swap-Free Forex Brokers in Nigeria FXTM and Pepperstone are the two brokers that offer swap-free Islamic Forex trading accounts in Nigeria.
Author of this review By George Rossi. Author of this review I am a nigerian forex brokers with zero spread financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.
Now I am passionate about reviewing and comparing forex brokers. Leave a Reply Cancel reply Your email address will not be published.
Best CBN Regulated Forex Brokers In Nigeria ��
, time: 11:23Top 10 Best Forex Brokers in Nigeria for [Nigerian Traders]
The next top broker in Nigeria featured is FBS. They are a globally regulated broker through both CySEC and the IFSC in Belize and are one of the few brokers to offer a fixed zero spread account. At FBS as a forex trader you can choose from 4 account types which come with a varying minimum blogger.comted Reading Time: 7 mins 11/06/ · All the forex brokers that accept traders from Nigeria are foreign CFD brokers. So it is really important to choose the brokers that are reputed & licensed by multiple foreign Top tier regulators. Hotforex is the #1 forex broker as per our ratings because of their regulation with multiple Tier-1 & Tier-2 regulators i.e. FCA, FSCA, CySEC & others The companies which we present on this page are tested with real money. To get a closer look at a Forex Broker you can read the full and detailed reviews. The winner is clearly Pepperstone because the commissions are the lowest. See our reviews of the 10 best zero spread accounts: Libertex; Pepperstone; IC Markets; Tickmill; XTB; BDSwiss; XM; RoboForex; Vantage FXEstimated Reading Time: 8 mins
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