Best Forex Trading Brokers Allowed to Trade in Nigeria (Found 10 training providers)

Find in the following cities :
1 Exness NG
Exness NG
3.67
Established in: 2008
Cities:
Reviews: 6
Reviews: 6 Read More
Exness Trading Company is active in the Forex market since 2008. An infinite leverage makes the possibility of earning from smaller deposits as low as $999. There are many choices for opening an account based on trader's needs. A demo account is accessible as a learning account that is useful for both beginner level traders and professionals.
Pros:
• The currencies supported by the system include around 107 pairs.
• Offers lowest commissions in the forex market.
• A variety of options are offered for trading accounts, with different methods of charging a fee for beginners and professionals.
• Rapid withdrawal methods and fast the deposit process.
• The account contains more than 60 base funds
Cons:
• The fact that Seychelles with a low level of protection for the rights of customers of financial companies is a risk
• Learning and analytical content appear to be a bit superficial.
• Professional accounts must be able to make a minimum deposit.
2 HotForex NG
HotForex NG
3.6
Established in: 2007
Cities:
Reviews: 5
Reviews: 5 Read More
HotForex offers trading software and accounts that permit individuals and institutions to trade Forex online. Access to automated trading platforms and liquidity are available for all retail clients, affiliates and white label customers. HotForex offers clients a variety of account options so that they have the best one for their specific trading needs. HotForex gives clients at every level with the tools and support they require to reach their goals in trading.
Pros:
• good trading conditions and low spreads - starting at 0 pips
• controlled by several regulators
• No commissions on replenishment of accounts or bank transfer
Cons:
• The withdrawal terms do not all match the terms indicated
• Clients can only have one account currency, so double conversion fees may be required for some clients.
• The choice of electronic payment systems for replenishmentand withdrawals is simple
• Registration is quite easy, but while it is in progress, you cannot be aware of the terms and conditions applicable to different types of accounts.
• Customer support is closed on Saturdays
3 IC Markets NG
IC Markets NG
3.33
Established in: 2017
Cities:
Reviews: 6
Reviews: 6 Read More
IC Markets' low prices and their scalable execution makes them a great option for algorithmic traders. While it provides a wide range of third-party tools and plugins, IC Markets' education and research offerings aren't quite as impressive as those provided by the industry's top players.
Pros:
• It is a safe broker (average risk) that maintains regulatory status in one jurisdiction that is tier-1 and one jurisdiction that is tier-2. This is a good broker to trade CFDs and forex.
• Pricing that is competitive for all account types, with low average spreads.
• Third-party research and trading tool plugins add value to the IC Markets MetaTrader offering
• IC Markets' low-cost and scalable execution makes them a great fit for traders who are interested in running algorithmic strategies
• The range of markets from 204 symbols to more than 3,500.
Cons:
• No additional bonus or contests for traders.
• Trails is one of the top forex broker with regard to the scope of its market research as well as the quality of its educational material.
• some delays in payments for a couple of days
4 ForexTime NG
ForexTime NG
3.2
Established in: 2011
Cities:
Reviews: 5
Reviews: 5 Read More
FXTM was established in 2011 and is a leader in trading on the internet. FXTM provides financial markets to everyone, no matter where they live or what their financial objectives could be.
Our global network of offices and regulations spans Europe, Africa, and Asia. Our offices are situated in more than 180 countries, and have attracted over 3,000,000 clients.
Pros:
• A variety of trading accounts are available
• a large number of training material
• the ability to use automated programs in trading
• The only mobile trading application that is proprietary is the FXTM Trader
• a huge choice of trading instruments is present
• Four countries have significant financial regulators, who supervise the brokerage activities.
Cons:
• Copy trading is not an option as an investment.
• The broker will be closed on Saturday and Sunday.
5 Alpari Limited NG
Alpari Limited NG
3.0
Established in: 1998
Cities:
Reviews: 6
Reviews: 6 Read More
Our mission, to assist our clients in succeeding and to expand the financial sector in all countries we work, is to serve as a catalyst for growth. We constantly innovate and make sure our services are still relevant. A Chinese proverb states that one step can travel 1,000 miles. This is the story behind Alpenria. The company was established by Alpari Limited in 1998. It has been an active international broker for more 20 years. Alpari Limited is a registered entity under the Registrar of International Business Companies, number 20389 IBC2012. Alpari has been a member since 2012 of the Financial Commission. This helps to resolve disputes in Forex markets.
Pros:
• There are a variety of trading accounts available for traders of different experience levels and objectives.
• Customer support services provide efficient and top-quality work
• There are many ways to replenish your deposit or withdraw funds.
Cons:
• the withdrawal of funds is carried out following delays that may occur
• commission compensation for deposits or withdrawals is only available to traders who have VIP status.
• Trading through the MetaTrader5 platform can only be executed by traders who have regular accounts. The Swap-free Forex Islamic accounts are only available to traders who have MetaTrader4 accounts.
6 AvaTrade NG
AvaTrade NG
2.8
Established in: 2006
Cities:
Reviews: 5
Reviews: 5 Read More
AvaTrade is a reputable global brand, is well-known for its vast array of trading platforms. It has outstanding educational content which has earned it a Best-in class rating from Beginners in 2022. AvaTrade has been tried and has proved to be an effective tool to copy trade. It's also mobile-friendly and conforms to industry standards regarding pricing.
Pros:
• SharpTrader offers top-quality educational services.
• A range of trading platforms are offered to meet your requirements for trading.
• Multi-asset selection and cross-asset diversification opportunities
• Trusted and regulated broker with oversight from central bank
• AvaTrade Support for customers is available in multiple languages
Cons:
• Trading costs competitive but nothing particular
• High Inactivity Fees, $50 per quarter
• Sometimes, withdrawals can be up to 10 business days
7 FP Markets NG
FP Markets NG
2.67
Established in: 2005
Cities:
Reviews: 6
Reviews: 6 Read More
FP Markets is a low-cost broker that permits you to trade CFDs and Forex if you are using the MetaTrader platform is employed. The Iress platform suite offers over 8000 trading symbols but it's mostly a platform for share trading and can be costly. FP Markets offers a flexible and affordable MetaTrader option for CFD and Forex traders. The traders won't have the ability to access the education research and content of industry experts.
Pros:
• Opening accounts is quick and easy
• It is quick to execute withdrawal and deposit procedures.
• Annual reports and accounts with segregated accounts
• Clients are assured about the service of an agent that is in compliance with the most stringent regulations to protect investors.
• FP Markets offers consistent tighter spreads that start at 0.0 pips
• There aren't any price manipulations, dealing desks or the re-quotes.
Cons:
• The range of products is quite limited.
• Desktop and the web are a bit out of date
8 OctaFX NG
OctaFX NG
2.4
Established in: 2011
Cities:
Reviews: 5
Reviews: 5 Read More
OctaFX offers a low-cost, basic MetaTrader platform experience through its social copy-trading system. OctaFX hasn't made any significant advancements in the area of pricing but it does offer the most limited amount of tradeable instruments and a range of educational content. OctaFX also holds one regulatory license.
Pros:
• MetaTrader 4, MetaTrader 5 and cTrader are all proven platforms for trading.
• Spreads are as tight as 0.6 pip. There are there are no broker fees for non-trading deposit or withdrawal of funds
• Many trading options for traders, which includes a variety of assets and access to a service for copying trades
• Available minimum deposit. You must make a deposit of $100 into your account in order to trade.
• It has been granted a license by CySEC to conduct brokerage operations in Cyprus
• More than 97% of the orders were executed without slippage
Cons:
• CFDs and cryptocurrencies can't be traded through cTrader accounts.
• There are a limited number of options for investing to earn passive income.
• The list of payment options is updated regularly.
• The company's website doesn't indicate the amount of EPS commissions.
9 XTB NG
XTB NG
2.4
Established in: 2005
Cities:
Reviews: 5
Reviews: 5 Read More
XTB is a stock exchange-listed FX & CFD brokerage with more than 15 years experience. The company has 13 offices including those in UK, France and Germany. XTB is committed to providing the best trading experience possible for its clients. These core values are reflected within our core values. Our goal is to help clients in becoming better investors. Our customer support team is available 24 hours a day and 7 days a week. Our educational materials include webinars and videos. We also offer classes for both beginners and experienced investors.
Pros:
• A broad range of trading instruments are available
• Autorized by 5 regulatory bodies
• Multilingual website & customer support team
• Some ETFs/stocks/ETFs have low forex CFD charges and commission-free.
• Rapid and no-cost withdrawals
Cons:
• The demo account is only accessible for a period of the duration of four weeks
• all the analytical materials supplied by the broker are provided available in English
• Non-European users cannot be qualified to participate in bonus schemes
10 Pepperstone NG
Pepperstone NG
2.0
Established in: 2010
Cities:
Reviews: 6
Reviews: 6 Read More
Pepperstone offers a growing array of trading markets, as well as high-quality research and assistance for many social trading platforms. It supports MetaTrader as well as cTrader. Numerous third-party plugins are able to be added to the already extensive range of platforms. The company website does not provide the amount of EPS commissions.
Pros:
• Access to more than 61 forex pairs and more 60 stock CFDs
• Forex and cryptocurrency traders are able to leverage each other.
• The range of tools for education is vast and courses that both novices and experts can benefit from.
• Fast order execution time of 30 milliseconds on average
Cons:
• This is not currently available for U.S. traders currently
• There is no option to buy bonds, stocks, or mutual funds direct or through a broker; only CFDs are available
• You can trade without cost for a month on the demo account

Forex Trading Brokers Training Courses with Reviews

Latest Reviews

IC Markets NG

Caleb
2022-08-31 17:00:34 UTC
This broker was the worst I've ever dealt with. They won't accept bank statements for proof of residency unlike all other brokers. They insist that they send me to the municipality in order to get a certificate proving that I live where it is. They don't care about what's happening. Participated in a broker.

IC Markets NG

King
2022-08-31 17:00:51 UTC
I have over $50,000 in deposits with them. However, I have to say that they provide very poor customer service. They are not willing to help you if you have a problem. Your order has not arrived or your balance is in negative. They didn't care when you deposited your hard earned money.

IC Markets NG

Tracy
2022-08-31 17:01:07 UTC
This is hands down the best and most honest broker that I have ever dealt. They have a great team of professionals who respond quickly to even the most basic requests. I have worked with this broker over five years and would not change. High quality service, low spreads. Speedy execution. Rapid deposits and withdrawals. I would highly recommend this company.

OctaFX NG

Lilian
2022-08-31 17:01:34 UTC
Two weeks ago, I was unable to trade as usual. I have no idea what went wrong. Sometimes everything hangs up and sometimes they won’t allow me in the system at all. When I called again for the 10th times, they didn’t pick up my voice. They claimed they have communication problems they can't solve for 2 weeks. I'm switching brokers

OctaFX NG

Cole
2022-08-31 17:01:53 UTC
I am not in the habit to give advice about brokers. So, I want to share my experience working with this broker. OctaFX's legal documents have been checked from the beginning. The company has been regulated and is willing to work within the legal field. The company has been regulated and is willing to follow the legal guidelines. I have not had to file any complaints about termination of contracts. Trading has been very smooth and terminals are easy to use. I have questions to the customer care, sometimes it takes quite a while for them to respond. While I can not deny the fact that this is a heavy load it is, I would like the broker to address it and correct it.

OctaFX NG

Maxwell
2022-08-31 17:02:09 UTC
Your account may have been blocked by someone like me. You will not be able to log in to your personal cabinets again. Support will tell fairy tales to you, or perhaps they will just ignore you. In my experience, it was both. To be clear, you will get blocked when you start to earn. Even if you don’t get anything, it will happen. Be smarter and more intelligent than they are.

OctaFX NG

Marc
2022-08-31 17:02:28 UTC
OctaFX is disappointing for me personally. I expected much more from it than what I got. While OctaFX is not insolvent when it comes to payments, the number of assets and investment opportunities available here isn't particularly large. The offer and asset list is very limited. Although I do trade with this broker, I don't think I have found the right replacement. I want to find a company with the best combination of offers for active and passive earning.

OctaFX NG

Mitchell
2022-08-31 17:02:50 UTC
OctaFX has a limited range of investment opportunities, and a smaller selection of assets than some brokers. This is something I fully understand. But, I won't be leaving this platform. Trading here is very easy for me. Spreads are reasonable, there is no slippage when opening/closing orders noticed, and there's access to social trading. This company looks interesting for both professionals and beginners.

Pepperstone NG

Leslie
2022-08-31 17:03:12 UTC
Every broker has their advantages and drawbacks. Pepperstone has very limited analytics, and you must use additional resources. Trading conditions can be quite rewarding: spread on the major pair in the calm market is slightly greater than 1 p. Prior to the news releases the value will increase, but this is common for any company. Unfortunately, you cannot use the demo account for more than a month after opening. This period allows you to get familiar with Pepperstone's trading system. However, the market can be volatile so the strategy has to be constantly improved. I must test it on the actual account, sometimes with financial loss.

Pepperstone NG

Molly
2022-08-31 17:03:28 UTC
Pepperstone Broker's cancellation policy is a grave problem. It seemed like I was the only one who was making mistakes. They canceled five trades. It seems that this isn't a rare situation. I checked the reviews. Pepperstone does not want to pay profits.

Pepperstone NG

2022-08-31 17:03:41 UTC
Pepperstone won't withdraw any money. I made a request for $75 to be withdrawn. It is the remainder of the deposit. The application was easy, it was confirmed automatically, and there was silence after that. While I am aware that the money isn't so big, they have been playing with my head for 3 weeks. They are crooks.

Pepperstone NG

Claire
2022-08-31 17:04:45 UTC
I contributed $2,500 to Pepperstone. Successfully traded the currency pairs USD/CAD, and USD/CHF. I had to withdraw funds due to technical problems on the website. I contacted the financial services and support. They assured me that they were aware of this problem and would correct it as soon as possible. However, the money had not been withdrawn. In the midst of trading, three orders were lost. They couldn't process them in time and they were all forcibly shut down at a lower cost, 5 hours after the market crash. This is clear evidence that I was cheated.

Pepperstone NG

Lucas
2022-08-31 17:05:04 UTC
Pepperstone was the right company for me. My profit was around $480. I applied for withdrawal and received $250. The remaining 230 were lost to unknown places. I called the support several times. I wanted to know why they corrected my profit. Which and how did it happen? Yet, I do not understand why this happened. I haven't received my money back. Most likely, they won't. I am unable to comprehend the people's attitude. They are not willing to trade and make money. This is something I haven't seen before.

Pepperstone NG

Casper
2022-08-31 17:05:21 UTC
Pepperstone.com broker is a new one to me. I'm not happy about it yet. I have not seen stops being triggered very often. I have the feeling they don't let me open profitable deals. Problem is, if an order goes in red, no problem, even stops can't be triggered. Or triggered with strong slippage. Of course, the support team claims that the conditions for profit are fair. However, it is important to monitor the trades closely to ensure that you make a profit.

XTB NG

Marina
2022-08-31 17:05:52 UTC
Although XTB may not be the first broker I have opened an Account with, I've never experienced such a complex verification procedure. However, if patience is a virtue, you will be able to get through the entire process without any problems. I like XTB because it is a trading platform built by the developers. xStation is far more efficient than popular MQL Terminal. There are few hiccups. Slippage is also kept to a minimum. One major disadvantage to XTB's demo version is that it can only be used for a single month. Although it was sufficient for me to learn about the features of trading within the company, any changes to the strategy should be tested on a real account. Otherwise, everything is great.

XTB NG

Mason
2022-08-31 17:06:14 UTC
My account was locked after I submitted my request for withdrawal ( $9000). I was sent a letter by mail stating that I was being accused of hedging. Therefore, my entire profit as determined by the broker was written off. No one has responded to my letters. You can see the kind of review I am leaving about XTB

XTB NG

Nicole
2022-08-31 17:06:30 UTC
XTB kept delaying the withdrawal. That's always right. The agreement does not specify what should be done. They should not be deceived. What respect are they willing to give you? This attitude made me sick and I decided to leave.

XTB NG

Marlon
2022-08-31 17:06:48 UTC
The paperwork was frustrating. I had to contact support to open an account through XTB. Then, they instructed me to fill in each item. Although the account was opened after I registered, it couldn't be deposited. My card was blocked at the transfer stage by the bank. They claimed that the transfer was made by swindlers even though it had been sent by hand. I had the to go to the bank and prove that it was a Forex broker. They worked with me to calm my nerves and delayed the payment on the second card by 2 days. I didn't even have enough money in the account. I don't want them to be used anymore. Because of how much money I had, and the fact that it was so messy, it is obvious that the gun is infected.

XTB NG

Roger
2022-08-31 17:07:08 UTC
This broker is highly respected in Europe, and has been around for a very long time. The cooperation with it was very good. It offers a lot of trading tools, has low spreads and is high in leverage. Also, the website is quite informative provided that the trader speaks English. It is generally a good broker. There are some issues, though. For example, the broker is focused on Europe. Opening an account requires additional verification. All analytical material can be found in English. The demo account can be used for only four weeks.

SalesRuby Academy

Ezinne
2022-09-24 14:30:09 UTC
This people are really committed to the growth of their clients. I really enjoyed my sales master class with them. They teach practicality and practicable things.. Thank you SalesRuby.