With Growing Interest in Forex Trading, Here are 5 Best Forex Brokers in Nairaland, Nigeria


The forex trading market is lucrative and presents traders from all over the world with ample opportunities. However, there are many factors that will determine the success of brokers and choosing the right broker is one of the most important ones.

Nigerian traders who are seeking the best brokers who offer their services in Nairaland, Nigeria, need not look any further than the list provided below.


Image: Alpari

Alpari has been in operation since 1998 and it is strictly regulated by the FSC and the FSA in facilitating the trade of brokers from around the world. Founded in December 1998, the company has over 20 years experience in delivering impressive Forex brokerage.

Alpari offers some of the best trading conditions in the industry which includes tight and competitive spreads, low commissions, adequate leverage, a range of markets, and powerful trading platforms.


XM was established in 2009 and is a well-regulated and reputable ECN and STP broker. XM has more than 2.5 million registered traders from 196 countries around the world.

In addition to welcoming Nigerian traders, XM offers traders with tight and competitive variable spreads, ultra-low commissions, the use of MetaTrader 4, a variety of markets, and more.

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As a multi-regulated Market Maker broker, eToro is one of the most popular brokers in the industry, along with being the leading online social trading platform.

When trading with eToro, Nigerian traders can expect a variety of financial instruments which can be traded through its proprietary trading platform, access to zero-commission trading, competitive trading conditions, and access to a large online trading community.

eToro also offers Nigerian traders with the benefit that mark-ups are not added and that there are no ticketing or management fees, zero limits on trading volumes, and a variety of social trading opportunities which are available.


Plus500 has multiple regulation in various jurisdictions around the world in offering the trade of more than 2,000 financial instruments, spread across several asset classes.

Nigerian traders can make use of Plus500’s proprietary trading platform to execute trades in conjunction with the competitive trading conditions, tight spreads from 0.6 pips, an industry-standard minimum deposit of $100, zero-commission trading, and more.

Nigerian traders are also provided with a variety of promotions and bonuses, adequate leverage, and a dedicated customer support team which is available 24/7.


Credit: The News Version

AvaTrade has become one of the most popular and well-trusted brokers in the industry. AvaTrade accepts and welcomes Nigerian traders and offers them with comprehensive trading solutions and superb services.

AvaTrade offers the trade in more than 250 financial instruments which can be traded through a selection of popular, powerful trading platforms alongside its own proprietary platforms.

AvaTrade also offers some of the best competitive trading conditions, the option for commission-free trading on some financial instruments, a variety of educational materials, resources, and tools, an advanced selection of trading tools, and more.

When trading with AvaTrade, Nigerian traders can rest assured that they are dealing with an award-winning broker that has more than 200,000 registered clients and experiences trading volumes of more than £60 billion a month.

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