TOP 10 Forex Brokers in Nigeria for 2022

We've collected thousands of datapoints and written a guide to help you find the best Nigerian Brokers for you. We hope that this information assists you in locating a reliable and reputable broker who meets your online trading requirements. We have compiled a list of what we consider the best Nigerian brokers below.

1. Exness

Exness Group was founded in 2008 and provides investors with a wide range of financial products, including currency pairs, metal encrypted digital currencies, energy, indices, and stocks. Besides, the company provides its customers with the highest quality customer service through a personalized and truly international approach. Exness official website has been localized into 15 languages, and the customer service spans 13 languages, of which 11 languages are available 24 hours a day, five days a week. English and Chinese customer services are available 24 hours a day, seven days a week.

2. IC Markets

Established in 2007, the company has demonstrated an insightful history up until this point. The secret of the broker is that it provides genuine ECN market access and has entirely great trading fees for the best innovation in trading.

Security is a main priority at IC Markets. Client balances are overseen independently from company funds at the Australian National Bank (NAB). Also, the broker has the biggest liquidity suppliers included, which shows a serious level of earnestness. Accordingly, there is a quick execution of orders and no requotes. High liquidity for traders is given by IC Markets.

Right now the company is growing in different nations and gains enormous prominence. The company has base camp in Australia, Seychelles, and Cyprus. Most traders are trading under the Seychelles enitity since there is high influence up to 1:500 considered each client.

3. XM

With over 5,000,000 clients since it was founded in 2009, XM has grown to a large and well established international investment firm and has become a true industry leader.

XM is currently built of more than 600 professionals with long-year experience in the financial industry.

Their extensive experience combined with support for well over 30 languages, makes XM the broker of choice for traders of all levels, anywhere.They have the expertise and the resources to help everybody realize their investment goals, like only a big broker can.

4. Decode Global

Decode Global was founded in 2004 with the vision to provide trading experience for all individuals. Decode Global Ltd Vanuatu is a registered Vanuatu company (Company Number 700415 ) and is regulated by the VFSC, with regulatory license number 700415.

5. ZFX

ZFX is the trading name of Zeal Capital Market (UK) Limited, a wholly owned subsidiary of Zeal Holdings Limited, the holding company of Zeal group of companies (collectively Zeal Group). ZFX is a financial institution focused on providing multi-asset trading services to institutional and retail investors in Forex, commodities, and other asset classes. Founded in 2010, ZFX is headquartered in London, UK, and has several branches worldwide. ZFX currently holds a straight-through license from the UK Financial Conduct Authority (License No. 768451) and a retail forex license from the Seychelles Financial Services Authority (License No. SD027).

6. CJC Markets

Based in Auckland, New Zealand, CJC Markets (Carrick Just Capital Markets) is an online trading broker that allows clients to trade multiple financial assets across different asset classes, such as forex, commodities, metals, and stocks. CJC Markets Limited is authorized and regulated by the Financial Transactions and Reports Analysis Center of Canada (FINTRAC), with Regulatory License No. M20571687.

7. FXCM

FXCM is a leading international provider of online forex trading, CFD trading, and related services. Founded in 1999 and headquartered in London, UK, the company's mission is to give traders around the world access to the world's largest and most liquid markets by providing innovative trading tools, employing talented trading mentors, meeting strict financial standards, and striving to provide the best online trading experience in the market. The company is currently fully licensed by the Australian Securities and Investments Commission ( regulatory license number 309763) , also fully licensed by the Financial Conduct Authority (license number 217689) in the UK.

8. eToro

eToro was founded in 2007 as an online trading platform that was easy for traders, with graphical representations of different financial instruments. In 2009, eToro launched an intuitive trading platform for novice and experienced traders. eToro added a variety of stocks to its commodities, forex, and other asset trading services in 2013 and continued to expand its portfolio of cryptocurrencies in addition to bitcoin in 2017. In 2008, eToro officially entered the U.S. market, offering cryptocurrency trading services to U.S. investors. Currently, eToro subsidiaries are regulated by the following authorities: eToro (Europe) Ltd., authorised and regulated by the Cyprus Securities Exchange Commission (CySEC) under the license # 109/10; eToro (UK) Ltd, authorised and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263; eToro AUS Capital Limited authorised by the Australian Securities and Investments Commission (ASIC) under Australian Financial Services License 491139. eToro (Seychelles) Ltd. licenced by the Financial Services Authority Seychelles (“FSAS”) under the Securities Act 2007 License SD076.

9. Pepperstone

Pepperstone is a broker providing Forex and CFD trading services, founded in 2010 by a management team with extensive experience in the Forex and IT industries. The company is headquartered in Melbourne, Australia, with offices in Bangkok, London, UK, and Dallas, USA. The company currently holds a full license from the Australian Securities and Investments Commission (FCA) (license number: 414530), an STP license from the UK Financial Markets Authority (license number: 684312), and a retail forex license from the Securities Commission of the Bahamas (SCB) (license number: SIA-F217).

10. AvaTrade

It was founded in 2006, which is considered a lifetime in the online trading industry. In fact, it is one of the very first Forex trading platforms to be made available to retail traders. Today, AvaTrade is a major international broker officially operating in five jurisdictions. The company offers a wide range of financial tools: over 50 currency pairs, more than 100 CFD stocks and funds, commodities, cryptocurrencies, indices, and FX options.