This is really important, because otherwise, your losses could exceed your account balance. Which means, you could lose more money than the balance in your trading account. So, you must check if your broker has this feature. or any other tool that you usually use in your trading. If you are a beginner trader then you must look for a broker that offers — a demo account, has low spread commission-free live trading accounts, must be regulated, and offer educational resources.

First you need to choose a good broker. For this you can check our list of best forex brokers for trading in Nigeria. There are few things that you must consider. The most important is the regulation of the broker, make sure that the broker that you are about to choose is regulated with minimum 1 Top Tier regulator like FCA, ASIC, CySEC or FSCA.

A good broker will generally have more positive reviews by genuine clients, and also see how the broker responds to negative reviews as this is a good indication of their support. Disclosure: We earn a commission if you Sign Up with a broker through referral links in this review. This helps us cover the expenses for running the website. NG is an Investment Comparison website with an aim to help Investors in Nigeria find the best forex brokers. Read More.

Read full risk disclaimer.. NG: Your Guide to Forex Trading in Nigeria. All Rights Reserved, By Akin Benjamin Editorial Staff —. Fees: 1. And 0 pips plus 4. FXTM Pros FXTM is a highly regulated Forex broker, so trading with them is safe. They are regulated globally with 3 top tier regulators i.

This account involved commission per trade. Fast local Bank Withdrawals in Nigeria. Normally processed in few hours. Their support overall is quite good. FXTM Cons FXTM has higher spread with their Micro Account compared to other brokers. For ex. Swap Rates for overnight trades are bit higher than other Forex brokers like Exness. the Swap Short USD Overall Rating 9. Typical Fees: 1. This would be variable depending in the market conditions. Ranks 2 Forex broker in Nigeria.

This ensures very fair dealing. Hotforex has one of the lowest spread of all the brokers that we have compared. Around 0. Hotforex offers local deposit options like bank transfers for Nigerian customers. You would need to talk to their Live chat for the local bank funding options. But they support major banks. Overall Rating 8. Fees: 0. OctaFX Pros Their spreads for major currency pairs is quite competitive. OctaFX does not charge any extra commission per lot with any account type.

Also instant wallet funding and withdrawals options are available. OctaFX Cons OctaFX has lesser CFD trading instruments on their platform as compared to other forex brokers. Fees: As Low as 0.

And 1. And zero deposit fees. Ranks 4 Forex Broker in Nigeria. XM Pros XM is regulated with 2 top tier regulators i. XM has very competitive spread with Ultra Low account 0. Their spread is around 1. The spread with Micro account is no the lowest, so you should sign up with XM Ultra Low Account instead.

High Swap fees for overnight positions. Ranks 5 Forex broker in Nigeria. Their support is one of the biggest downside, but their overall fees is low.

Very low spread of as low as 0. Instant withdrawal options are also available in Nigeria if you withdraw via bank transfers or EWallets.

Sometimes it can take more than 24 hours to receive response from their email support. This can be an issue for clients if they face issues with withdrawals. This makes AvaTrade a low risk forex broker for traders in Nigeria. They are a fixed spread broker, so their spread will remain the same regardless of the market conditions or time of the day you are trading.

AvaTrade Cons Avatrade is not regulated with top-tier FCA UK regulatory authority. Fees: On average 1. Ranks 7 Forex broker in Nigeria. Alpari Pros Alpari is one of the oldest forex broker with over 2 million customers, so they can be trusted.

They even offer local bank deposit options. They offer PAMM accounts for investors. get started XM Forex FCA UK , CySEC, ASIC Australia , IFSC Belize 0. get started IC Markets ASIC, CySEC 0. get started. Which are the Best Forex Brokers in Nigeria for beginners? Which Forex Brokers have offices in Nigeria? How can you open account for Forex Trading in Nigeria? To open your trading account you need to follow these 3 steps. How should you choose a good forex broker? Ranks 1 Open Account Read Review.

Ranks 2 Open Account Read Review. Ranks 3 Open Account Read Review. FXTM is the 1 FX Broker Visit. We value your time. Can I pay at the venue? Are there any additional fees or expenses? Can I get a discount on the training fee? The training fee is already discounted. Can I pay in installments? But all payments must be fully made before the start of the training.

No Indicators, No Robots, No Nonsense. Meet your facilitator. Why choose us? We are after your success. We provide you all the support needed during and after the training.

At the end of the training, you are already trading the Forex Market like a Pro and making profits. We are 1 when it comes to Forex training in Lagos, Nigeria and West Africa.

Unlike other Forex training centers in Lagos and other parts of Nigeria, all of our trainings are Fully Practical and straight to the point. We host our training in a very serene and conducive environment.

Our facilitators are experts in the field with over 3 years of experience in Forex Trading. For our list, we selected only popular and reputable schools and courses with quality education and materials both for free and paid for various level traders. For this list, we have selected the most reputable and popular Forex trading schools in Lagos, Nigeria:.

There are many Forex trading school-related questions that both beginners and experienced traders have. Here we answer some of the common questions related to trading schools in Nigeria. The Forex trading market offers many trading school options for traders in Nigeria. Each trading school has its own advantages and disadvantages. You just need to consider your own goals and objectives before deciding which one is right for you.

There are a number of Forex trading training centers in Nigeria teaching you the skills and knowledge you need to succeed in this field. Here we listed some of the best Forex trading training centers in Nigeria along with their training and seminars on the topic:.

There are many trading schools in Nigeria that offer Forex trading tutorials. These schools typically offer courses that cover the basics of Forex trading, including market analysis, risk management, and trade execution. Many of these schools also offer more advanced courses that focus on specific strategies or trading styles. Some of the more popular Forex trading tutorial schools in Nigeria include the following:.

I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader. Everything you find on BrokerTested is based on reliable data and unbiased information.

Read more about our methodology. Your email address will not be published. Save my name, email in this browser for the next time I comment. Broker Reviews. BlackBull Markets. CMC Markets. All Reviews. Broker Categories. Brokers by Type. ECN Forex Brokers. Zero Spread Forex Brokers.

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Instaforex having been operational in the forex industry since , has established herself as a leading forex brokerage firm, while introducing innovative cutting edge IT solutions for her clients. With 15years leadership in the Forex Market, you can be certain that your funds are secured with Instaforex. I have fortunately used the ASUU strike as an opportunity to both improve my trading system and to grow my account; funds that I will use to run expenses whenever school resumes.

As a new trader with Instaforex, my experience so far is worthwhile. No skirmishes with my trades, no unwarranted closures. I am impressed so far. I see their bonus, but so far, I am not a fan of bonuses having experienced unfair treatment from my previous broker.

One thing I have enjoyed about Instaforex is her ability to refund clients missed profits. I believe I deserve an Award sef, 8 years with one broker no be Joke. I trust they will reward my loyalty sometime. I have been a trader for 4 years now. Instaforex has remained my choice broker all this while.

Resume trading with Instaforex today, Win a brand new Hyundai SOnata. Participate Open an Instaforex account today.

Open Account. Why Traders Instaforex. About Instaforex. With a client base exceeding 7,, clients; your funds and trades are secured with us. Enjoy the benefit of instaforex nigeria open an account today. Our Core Values. Lowest Spreads We offer spreads as low as 0. True ECN Account With Instaforex revised ECN accounts, you get to trade with spreads as low as 0. Funds Safety With 15years leadership in the Forex Market, you can be certain that your funds are secured with Instaforex.

Economic calendar. Traders sentiment. forexcopy service. Forex Portal. REQUEST A CALL BACK. Send Message. Timothy Uwakwe Trader, Student. Akin Williams Real Estate Consultant,. Bakare Bichi BDC Operator,. Festus Iyamu Web Developer, FX Badass trader. Jide Olabiyi Self Employed,.

I want to learn forex trading. Timothy Uwakwe Trader, Student. Enjoy the benefit of instaforex nigeria open an account today. Forex Trading Training in Nigeria There are a number of Forex trading training centers in Nigeria teaching you the skills and knowledge you need to succeed in this field. But all payments must be fully made before the start of the training.

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