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Top Trusted Forex Broker Firms In Nigeria

The foreign exchange market, otherwise known as FOREX is a global market where currencies are traded. This market has recorded serious mind-blowing breakthroughs and according to some infographics released by the Bank of International Settlements(BIS) revealing that in 2016, about 5.3 trillion dollars where traded daily at the forex market.

This shows that it is really a very profitable market. Although this business is not new to Nigerians, some are unaware that there are so many Nigerian Forex brokers (brokerage firms) in Nigeria. In this article, I will be listing a number of forex broker firms and give a brief description of some and how to start with them.

For fairness, it will be important for us to know who forex brokers are. According to investopedia, a firm that provide currency traders with access to a trading platform or platforms that allows them (traders) to buy and sell foreign currencies.
Note: almost all of these forex brokerage firms have both real and demo accounts. You can trade with the demo account until you become perfect before going for the real account


List of forex brokerage firms in Nigeria

ForexTime.com

(FXTM): This forex brokerage firm boasts of providing the highest leverage ratios in the forex industry and this helps increase a trader’s earning potentials. They also provide free tutorials for newbies that do not have any skill in forex trading and also provide free technical and fundamental analysis for their traders. You can check them out and start trading immediately.

Avatrade.ng

This firm is also a well-known name in the forex industry and provides traders with so many trading platforms ranging from metatrader 4, avatrader, floating spreads, avaoptions, avaoptions, automated trading, web trading, mac trading and mobile trading. They also provide free forex ebooks, webinars and forex tutorials.

Markets.com

They provide both web and mobile trading platforms with the web platform being completely online and do not need to install any external software. The mobile platform includes an android version and apple version. They promise zero commission or fees, leverages between 5-200, real-time and relevant market analysis, and superb customer support services to their traders. Upon sign up, a trader is given 25 dollars free to start trading without depositing.

Read >> Top 3 Online Investments To Avoid This Year 

Fxpro.com

Being regulated by CySEC, FCA and FSB, this brokerage firm was registered as a limited liability company in2016 and has since maintained an enviable position in the industry. Like the others, they also provide free educational materials, advanced trading tools, free demo accounts and firstclass customer support. You can start trading with any currency of your choice upon registration. You are also required to fund your account with a minimum initial deposit of 500USD for MT4 and MT5 traders, and 1,000USD for cTrader accounts after which you can deposit as little as 100USD. 

Etoro.com

This firm also offers customer support, free trading tutorials and awesome leverages like the others. They have a mobile app that can be downloaded from the apple and android app stores from where you can invest in stocks, currencies, indices, commodities, ETFs, choose top traders to copy, etc.

Other Nigerian brokerage firms include;
1.     Alpari
2.     Bforex
3.     Liteforex
4.     Gkfx
5.     AGEA
6.     Mayzus
7.     XM
8.     Tuneforex
9.  RoboFX
10.  FXDD
11. Forexmetal
12.  Dukascopy
13.  Zulutrade
14.  Instaforex



Tags: brokerage firms in Nigeria, Nigeria forex firms, top forex firms in Nigeria 2017, fxcm Nigeria, list of forex brokers in Nigeria, list of forex trading companies in Nigeria, forex cfd brokers, best forex online broker

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Comments

  1. AnonymousOctober 28, 2017 at 12:56 PM

    FreshForex is one of the best broker for trading. I am working with this broker for a long time. It provides all the facilities to their clients like no transaction fees, easy money withdrawal, 101% deposit bonus, lower spread and also many more which are very much needed to a trader in his trading.This broker always take good care of their clients comfort. This broker is very reliable and actually very good at their services.

    ReplyDelete
    Replies
    1. AndykeOctober 28, 2017 at 6:56 PM

      Thanks for the update sir, we are happy to see you. I'll do well to add it to the list.

      Cheers!

      Delete

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