Trading CFDs carries a high risk of losing money rapidly. Confirm this broker's current loss-rate disclosure and regulated entity before opening an account. Read the full risk disclosure.
Data-led broker guide
Best forex & CFD brokers in Nigeria
We filtered the catalogue to brokers explicitly marked as accepting clients from Nigeria. This page contains 29 matching brokers; 25 hold at least one tier 5 licence in our catalogue. The lowest listed minimum deposit is $0 at HFM. The lowest advertised spread is 0.0 pips at HFM. The most common platforms are MetaTrader 4 (26), MetaTrader 5 (24), TradingView (8).
Some figures on this page are taken from broker-published information and have not yet been checked against current terms. Confirm details on the broker's website.
Last updated: · Reviewed by BrokaBoy Research Team
How we picked these brokers
Filter: The broker is explicitly marked as accepting clients from Nigeria in the catalogue.
Order: Brokers are ranked by BrokaBoy score.
Commissions never change ranking order on this page. Read our methodology.
Ranked brokers
HFM
Multi-regulated broker formerly trading as HotForex
Affiliate link - see our Methodology
Axi
Australian MT4 specialist with a strong copy-trading offer
Affiliate link - see our Methodology
Forex.com
StoneX-owned broker with US and global entities
Affiliate link - see our Methodology
Exness
High-volume retail broker with instant withdrawals and tight majors
Affiliate link - see our Methodology
Admirals
Admiral Markets, an EU-supervised broker with an investing arm
Affiliate link - see our Methodology
ThinkMarkets
Multi-regulated broker with its own ThinkTrader platform
Affiliate link - see our Methodology
Vantage Markets
ASIC-supervised group with raw ECN pricing and copy trading
Affiliate link - see our Methodology
Moneta Markets
Multi-platform broker aimed at active retail traders
Affiliate link - see our Methodology
Capital.com
AI-assisted CFD platform with wide market coverage
Affiliate link - see our Methodology
Eightcap
Raw-spread broker with strong crypto CFD range
Affiliate link - see our Methodology
Swissquote
Swiss bank offering forex and multi-asset trading
Affiliate link - see our Methodology
FxPro
No-dealing-desk since 2006
Affiliate link - see our Methodology
FXTM
ForexTime, an education-heavy broker with strong emerging-market reach
Affiliate link - see our Methodology
Global Prime
Execution-transparency focused Australian broker
Affiliate link - see our Methodology
IC Markets
FeaturedRaw spreads for serious traders
Affiliate link - see our Methodology
XTB
FeaturedTrusted since 2002
Affiliate link - see our Methodology
Tickmill
Low commissions, no gimmicks
Affiliate link - see our Methodology
XM
Featured10M+ clients, 190+ countries
Affiliate link - see our Methodology
FXCM
Long-running CFD broker with strong charting tools
Affiliate link - see our Methodology
VT Markets
Australian-founded broker with global reach
Affiliate link - see our Methodology
AvaTrade
Global broker, local support
Affiliate link - see our Methodology
easyMarkets
Fixed spreads with built-in risk tools
Affiliate link - see our Methodology
Deriv
Synthetic indices and multipliers alongside standard FX CFDs
Affiliate link - see our Methodology
Dukascopy
Swiss bank with the JForex ECN platform
Affiliate link - see our Methodology
FBS
Low-entry accounts for emerging-market traders
Affiliate link - see our Methodology
Trading 212
Commission-free investing plus CFDs
Affiliate link - see our Methodology
Octa
Low-cost forex and CFD broker with copy trading and a proprietary app
Affiliate link - see our Methodology
JustMarkets
Low-cost accounts aimed at emerging-market retail traders
Affiliate link - see our Methodology
BDSwiss
European-founded CFD broker with tiered account pricing
Affiliate link - see our Methodology
Affiliate link - see our Methodology
Top brokers compared
Swipe sideways to see every column.
| # | Broker | BrokaBoy score | Listed min deposit | Advertised spread | Leverage | Platforms |
|---|---|---|---|---|---|---|
| 1 | HFM | 9.7/10 | $0 | 0.0 pips | 1:2000 (entity dependent) | MT4, MT5, HFM App |
| 2 | Axi | 9.1/10 | $100 | 0.0 pips | 1:1000 (entity dependent) | MT4, MT5, Axi Copy Trading |
| 3 | Forex.com | 9.1/10 | $100 | 0.0 pips | 1:200 | MetaTrader 4, MetaTrader 5, Web Trader |
| 4 | Exness | 9.0/10 | $10 | 0.0 pips | 1:2000 | MT4, MT5, Exness Terminal |
| 5 | Admirals | 8.9/10 | $100 | 0.0 pips | Up to 1:500 (entity dependent) | MT4, MT5, MetaTrader Supreme Edition |
| 6 | ThinkMarkets | 8.9/10 | $0 | 0.0 pips | Up to 1:500 (entity dependent) | MetaTrader 4, MetaTrader 5, ThinkTrader |
| 7 | Vantage Markets | 8.9/10 | $50 | 0.0 pips | Up to 1:500 (entity dependent) | MT4, MT5, TradingView |
| 8 | Moneta Markets | 8.7/10 | $50 | 0.0 pips | 1:1000 | MetaTrader 4, MetaTrader 5, AppTrader |
| 9 | Capital.com | 8.6/10 | $10 | 0.6 pips | 1:30 (entity dependent) | Capital.com Web, Capital.com Mobile, MetaTrader 4 |
| 10 | Eightcap | 8.6/10 | $100 | 0.0 pips | 1:500 | MetaTrader 4, MetaTrader 5, TradingView |
Regulation in Nigeria
Our catalogue does not currently link Nigeria to a local regulator, so every broker listed here serves this market through an overseas entity. Confirm the broker entity and applicable rules with the relevant local authority before depositing.
Frequently asked questions
Which broker has the lowest listed minimum deposit in Nigeria?+
HFM has the lowest listed minimum deposit in this group at $0. Confirm current terms with the broker.
Which is the highest-scoring broker available in Nigeria?+
HFM has the highest BrokaBoy score in this filtered group at 9.7/10. The score is calculated from advertised catalogue data; see our methodology.
How many locally-regulated brokers are listed?+
Our catalogue does not currently map a local regulator to this country.
Is forex trading legal in Nigeria?+
Rules and access can change. This guide does not provide legal advice. Check the relevant local authority and the broker's regulated entity before opening an account in Nigeria.