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April 4, 2024

10 Best Forex Brokers in Nigeria for 2024

10 Best Forex Brokers in Nigeria for 2024

Our Best Forex Broker in Nigeria for 2024 is AvaTrade based on 10+ metrics including Regulation, Platforms, Trading Cost, Support, Education, & Payment Options etc.

Warning to readers: Retail online forex trading is currently unregulated in Nigeria and the Securities & Exchange Commission (SEC) has warned that you trade at your own risk with the absence of government intervention if you get scammed.

These are the Top 10 Forex Brokers in Nigeria

  • AvaTrade – Best Forex Broker in Nigeria
  • XM – Best for low minimum deposit
  • HF Markets – Best for Naira accounts
  • Tickmill – Best for bonus with no deposit
  • Exness – Best for low fees
  • FXTM – Best for low commissions
  • IC Markets – Best for Raw Spread Accounts
  • FxPro – Best for cTrader
  • OctaFX – Best for beginners
  • FP Markets – ECN forex broker regulated in Australia

What to look for in a forex broker in Nigeria

Frequently Asked Questions

Forex Broker Comparison Table

Broker⚖️ RegulationMin depositFeesFX pairsTop score
AvaTradeFRSA, FCA, FSA Japan, FSC (BVI), FSA (Polish), ASIC, CNI, FSCA$100Spread, inactivity fee, swap50+4.5/5
XMCySEC, FSC Belize, FSCA$5Spread, inactivity fee, swap50+4.0/5
HFMFCA, DFSA, FSCA, FSA, CMA$5spread, commission, swap, Inactivity fee,50+4.3/5
TickmillFSCA, Labuan FSA, FSCA, CySEC FCA$100Swap commission, spread624.0/5
ExnessFSC BVI, FSC Mauritius, FSA CMA, CySEC, FCA, Central Bank of curacao and Sint Maarten, FSCA$10Spread, swap, commission100+4.4/5
FXTMCySEC, CMA, FCA, FSCAN80,000Spread, commission, swap, inactivity fee, withdrawal fee60+4.0/5
IC marketSCB, CySEC, ASIC, FSA$200Spread, commission, swap60+4.3/5
FxProFSCM, SCB, FCA, FSCA$100Commission, spread, inactivity fee, swap60+4.1/5
OctafxSVG, CySECN30,000Spread354.1/5
FP MarketsASIC, CySEC, SVG$100Commission, swap, spread70+4.2/5

Note that Tier 1 and tier 2 regulatory bodies are considered low risk. As such, it is advised that traders in Nigeria choose forex brokers that are regulated by such brokers.

Aside from regulation, other factors to consider when choosing a forex broker include minimum deposit, fees, customer service, availability, deposit and withdrawal methods, and products.

We have put all these factors into consideration and studied over 50+ brokers, to come up with this unbiased list of 10 best forex brokers in Nigeria.

AvaTrade – Best Forex Broker in Nigeria

AvaTrade – Best Forex Broker in Nigeria

AvaTrade is a forex broker with Fixed Spreads, Zero Commissions, an extensive collection of Trading Platforms, and high commitment to Trader Education. They’ve also been around for quite a while (since 2006).

AvaTrade is regulated heavily and holds active forex broker licenses issued from Australia (ASIC), Japan (FSA), South Africa (FSCA), Israel (ISA), etc.

Risk warning: AvaTrade is not regulated in Nigeria, so you depend on oversea regulation and any disputes will be settled by oversea courts.

ProsCons
Product catalogue reflects diversity:CFDs on Forex, Stocks, ETFs, Indices, Commodities, Treasuries/Bonds, Crypto, FX Options.Pricing structure: AvaTrade charges fixed spreads with EUR/USD fixed at 0.9 pips always. However, this means you don’t get zero spreads on any instrument (some brokers have raw spread accounts where spreads start from zero, but AvaTrade doesn’t have)
Multiple custom trading platforms: apart from MT4/5, AvaTrade offers homegrown platforms exclusive to them such as AvaTrade Web, AvaTradeGO Mobile app, AvaSocial copy trading app, & AvaOptions for trading CFDs on FX vanilla option contracts.Minimum deposit: AvaTrade minimum deposit is $100 (around N146, 000) which is quite high, but you get good quality in return.
Education: Apart from a demo account, AvaTrade has extensive educational videos & tutorials.No Naira accounts: only USD account currency is available, and you must pay conversion fees when you deposit/withdraw in Naira.
Risk management tools: watch out for theAvaProtect tool which refunds any losses you make while trading forex & gold (but you pay a fee for this protection). The Guardian Angel MT4 tool guides beginners on how to trade and alerts them of risk.

Fee schedule

InstrumentFixed spreadOvernight interestLeverage
EUR/USD0.9 pips-0.0061%1:400
USD/JPY1.3 pips-0.0071%1:400
USD/CAD1.8 pips-0.0017%1:400
EUR/GBP1.2 pips-0.0076%1:400

Overnight interest daily: you pay this fee every time you leave a trade open till the next day. For example, if you leave EUR/USD Buy position open till tomorrow you pay -0.0070% interest.

Bid/Ask spread: you pay a fixed spread to AvaTrade every time you trade. EUR/USD has the lowest spread of 0.9 pips.

Inactivity fee: leaving your account unused for periods exceeding 3 months means you will pay a $50 monthly fee.

Currency conversion fee: AvaTrade allows only USD as trading account currency. Tis means there are no Naira accounts at AvaTrade. Depositing or withdrawing in any currency apart from USD will attract a fee.

Customer support

AvaTrade customer support can be reached via international phone lines as well as live chat and availability is 24/5 (meaning Monday to Friday)

During weekends you can get help via visiting the help center to get answers to commonly asked questions or use live chat to chat with an artificial intelligence robot.

Find out about AvaTrade in Nigeria

XM – Best for Low Minimum Deposit

XM – Best for Low Minimum Deposit

XM is a forex broker committed to cutting down trading costs as much as possible and all the accounts they offer require a flat minimum deposit of $5.

XM does not charge commissions, so their accounts are spread-only accounts. XM was established in 2009 & is regulated in South Africa (FSCA), Cyprus (CySEC), & Belize.

Risk warning: XM is not regulated in Nigeria, so you depend on oversea regulation and any disputes will be settled by oversea courts.

ProsCons
$5 minimum deposit: all XM account types require flat $5 minimum depositNo Naira accounts: you must pay currency conversion fees when you deposit/withdraw in Naira.
Micro Account: specially configured for trading low volumes you can only trade micro lots on this accountSpreads don’t get as low as zero: XM spreads start from 0.6 pips so if your trading strategy requires raw spreads, this will be a hindrance.
Ultra-low Account: no overnight interest is charged on this account when you trade popular currencies and spreads start as low as 0.6 pips
Product catalogue: Forex, Crypto, & Commodities are on the menu. There’re also new products like Thematic Indices, & Turbo Stocks
Copy trading: XM allows you copy trades of others and vice versa using the XM mobile app for android & iOS

Fee schedule

InstrumentspreadOvernight interestLeverage
EUR/USDFrom 0.8 pips-7.06 pips1:1000
USD/JPYFrom 0.8 pips-25 pips1:1000
USD/CADFrom 0.8 pips-7.91 pips1:1000
EUR/GBPFrom 1.4 pips-4.8 pips1:1000

Spreads at XM fluctuate with the market but start from 0.6 pips on the Ultra-low Account and from 1 pip on the Standard & Micro Accounts.

If you choose to open the XM Ultra-low Account you get tighter spreads from 0.6 pips, but you don’t earn or pay overnight interest on forex. However, with the XM Micro & Standard Accounts you pay overnight interest.

XM account inactivity period is 3 months after which a $5 inactivity fee will be debited from your account every month.

Currency conversion fees are charged especially because XM does not offer Naira Accounts. Available account currencies at XM are USD, EUR, GBP, JPY, ZAR etc. so any naira deposits will attract a conversion fee.

Customer support

You can reach XM 24/7 for help from Monday to Sunday. International telephone lines are available as well as live chat. A help center is also available for answers to common questions.

Find more information on XM’s fees & more

HF Markets – Best for Naira Accounts

HF Markets – Best for Naira Accounts

HF Markets was established in 2010 as Hotforex and later rebranded to HFM. They are regulated in the United Kingdom (FCA), South Africa (FSCA), and Kenya (CMA) etc.

HF Markets offers multiple account types and Naira base currency is available as the operating currency of most of the accounts (except one).

List of HF Markets Naira Accounts

  1. Premium Account with Naira base currency
  2. Pro Account with Naira base currency
  3. Pro Plus Account with Naira base currency
  4. Zero Spread Account with naira base currency

Risk warning: HF Markets is not regulated in Nigeria, so you depend on oversea regulation and any disputes will be settled by oversea courts.

ProsCons
Naira account currency:you don’t pay currency conversion fees when you deposit & withdraw in Naira currency.Spreads: can be high especially on the $5 minimum deposit account types. EUR/USD average spread on these accounts is around 1.4 pips.
No overnight interest: traders in Nigeria region don’t pay overnight interest fee also known as swaps.No copy trading with Naira Wallets: you cannot copy trades of others using your naira account
Low minimum deposit: with $5 you can start trading with HF Markets Premium & Zero-naira account types
Education: HF Markets demo account lets you practice risk free & HF Markets also holds physical trading seminars around Nigeria from time to time. You can also find educational videos & enroll for webinars on the HFM website.
Cent Account: a trading account meant for beginners where they can experience live trading with restrictions on lot sizes they can trade.

Fee schedule

Commission based trading accounts: All HF Markets accounts are setup to charge you commissions however, some instruments are exempted from commissions (Bonds &Commodities are traded with zero commission)

Forex commission is $3 per side per 100,000 units (meaning $6 per round trip), Stocks commission is 0.1%, & Crypto trades attract a commission of $0.5 per side (meaning $1 per round trip of buy & sell).

Spread is according to your account type. The highest spread recorded was from 1.2 pips which we found on the Premium Naira Account.

Spreads from 0.6 pips were found on the Pro Naira Account but it also has a N50, 000 minimum deposit condition.

Spreads from 0.2 pips were found on the PRO PLUS Naira Account but this also came with a condition of N200, 000 minimum deposit.

The lowest of the spreads was from 0.0 pips which we found on the Zero Spread Naira Account, but the condition was you get charged $3 per side commission on forex (other account types don’t charge commission on forex trades)

Overnight interest is not charged in Nigeria, so you trade without paying or earning overnight interest.

Customer support

Reach HF Markets in Nigeria 24/5 through local telephone number, Live Chat or Whatsapp. Trading seminars are also held around Nigeria (see HF Markets website for dates).

Get more information about HFM Nigeria

TickmillBest for Bonus with No Deposit

Tickmill – Best for Bonus with No Deposit
ProsCons
Account types: Tickmill offers you both spread-only & commission plus raw spread account types. Depending on your trading strategy either can be good for you.Spreads: on the Classic Account spreads start high from 1.6 pips. Low spread seekers must use the Raw Account, but beginners may find this difficult because the Raw Account charges commissions & spread which can be confusing.
No deposit bonus: Tickmill allows you access their $30 bonus even without you making a depositNo Naira Account: Naira deposits onto Tickmill will be charged a currency conversion fee
Automated trading support: Tickmill offers tools for automated trading such as capitalise.ai, MT4 upgrade plugins, & VPS hosting

Tickmill welcome bonus is for new traders on the platform and does not need you to make a deposit first. You can trade with the $30 bonus through a Welcome Account which will be closed after a 60-day period.

To access your Tickmill bonus you will be required to open a live trading account & then transfer the bonus from the Welcome Account to it.

Tickmill is a regulated forex broker in the United Kingdom (FCA), South Africa (FSCA), Labuan Malaysia, etc.

Risk warning: Tickmill is not regulated in Nigeria, so you depend on oversea regulation and any disputes will be settled by oversea courts.

Fee schedule

Tickmill now has just 2 account types- The Classic Account & the Raw Spread Account both requiring a minimum deposit of $100 (around N150, 000) and allowing up to 1:1000 leverage.

Spreads on the Classic Account start from 1.6 pips, but you don’t pay any commissions.

On the Tickmill Raw Account spreads start from 0.0 pips (EUR/USD spread is 0.1 pips most of the time) but you pay commissions of $3 per side per 100,000 units when trading forex

Overnight interest fees are charged on trades active till the next day, & Tickmill does not charge inactivity fees on dormant accounts.

Customer support

Support is available 24/5 through international phone lines and live chat. A help center section is also available on their website.

Read about Tickmill’s trading conditions

Exness – Best for Low fees

Exness – Best for Low fees
ProsCons
Low fees: spreads are low, no overnight fees on various instruments not just forex, no inactivity fees.Copy trading minimum deposit: To copy trades you need to deposit at least $500 into your account & this amount is high
Cent Account: for beginners to trade live but withsafety mechanisms in place such as limitation on what you can trade
Naira account: your trading account can be domiciled in Naira.

Using the various trading accounts it offers, Exness provides different fee structures for different trading strategies.

Exness was founded in 2008 and accepts Nigerian traders. They are regulated in the United Kingdom, South Africa, Kenya, Seychelles, & Cyprus.

Risk warning: Exness is not regulated in Nigeria, so you depend on oversea regulation and any disputes will be settled by oversea courts.

Fee schedule

Spread & Commission: In Nigeria, beginners are more likely to go for Standard Accounts that charge only spread without commission because they are easier to understand.

Exness Standard Accounts have spreads from 0.2 pips and do not charge commissions. They also have a minimum deposit of $10 (around N15, 000).

Exness also has Professional Accounts where spreads start from 0.0 pips and minimum deposit is $500 (around N800, 000).

On these professional accounts you pay commissions from $3.5 upwards and get tight spreads on major instruments ranging from forex to Indices such as NASDAQ.

Overnight interest: Exness has an Extended Swap-free program in place that ensures overnight interest is not charged when you trade Forex, Crypto. Gold & Indices.

Inactivity fee is not charged on dormant Exness accounts.

Currency conversion fees are minimal because Exness offers over 40 trading account currencies to select from. Naira base currency is available so your deposit/withdrawals in Naira won’t be charged a conversion fee.

Customer support

The support you get on Exness is 24/7 and the phone lines are international, but you can always reach them through live chat.

Find out more about Exness on their website

FXTMBest for Low Commissions

FXTM – Best for Low Commissions
ProsCons
Low commission: the Raw Account charges commission as high as $2 and the more you trade it can be reduced to as low as $0.4 per side and you also get low spread with EUR/USD being 0.0 pip most of the time.High spreads on entry level account: the Advantage Plus Account is entry level but the spreads beginners encounter is high with EUR/USD staying around 2.1 pips most of the time
Copy trading: you can copy trades of other traders on the FXTM mobile app
Naira account: your trading account can be domiciled in Naira.

FXTM is a financial service provider that was established in 2011. In Nigeria, FXTM accepts clients under the name Exinity Ltd regulated by the Financial Service Commission Mauritius (FSC).

FXTM pricing is favorable if you are going to trade with the Commission plus core spread ‘Advantage Account’ because the spread on the other account (Advantage Plus Account) is very high.

Fee schedule

FXTM offers two trading accounts with the same N80, 000 minimum deposit. One is the Advantage Account where the more you trade, the lower the commission you pay plus you get low spreads from 0.0 pips.

The second account is the Advantage Plus Account (the equivalent of a Standard Account offered by other brokers). The spreads here are high from 1.8 pips but there are no commissions payable.

Deposit is free, but FXTM charges a withdrawal fee of 3 USD for withdrawal via Visa/Master cards. After 6 months of inactivity, FXTM will charge you an inactivity fee of 5 USD.

Customer support

Customer support is available 24/5 through phone lines and live chat. The FXTM website is also home to a help center where common questions have been answered in advance.

Read about FXTM’s fees & their instruments

IC Markets – Best for Raw Spread Accounts

IC Markets - Best for Raw Spread Accounts

ProsCons
Low spreads: Raw spreads from 0.0 pips on raw Accounts & competitive spreads from 0.8 pips on Standard Accounts.No Naira Accounts: USD account currency is what is available to Nigerian traders
Automated trading support: MT4 toolkit, cTrader automate, & VPs hosting is available for automated traders.High minimum deposit: IC Markets minimum deposit is $200 on all its accounts.
Micro lot trading: beginners who have used the demo account can begin live trading with micro lot sizes.
Trading Platforms: MT4/5 (with support tools), cTrader, & TradingView platforms are trading software options available.

Low spreads, Numerous Trading Platforms, and 24/7 support. IC Markets is the ideal broker for professionals executing automated trading strategies.

IC Markets is an online broker that was established in 2007. Clients from Nigeria are registered with IC market under the name Raw Trading Ltd trading, with regulation from the Financial Service Authority Seychelles.

Risk warning: IC Markets is not regulated in Nigeria, so you depend on oversea regulation and any disputes will be settled by oversea courts.

Fee schedule

Raw spread seekers can choose between the cTrader Raw Account with a $3 per side commission plus ECN spreads from 0.0 pips, and the MetaTrader Raw Spread Account with ECN spreads from 0.0 pips.

IC Markets also has Standard Accounts & while EUR/USD benchmark average spread is 0.02 pips on the Raw Accounts, it is 0.83 pips on the Standard Accounts. Beginners on IC Markets can reduce their risk exposure by trading micro lots.

The minimum deposit for all IC Markets Accounts is $200 flat. Leverage is up to 1:1000 and automated trading support is provided with MT4 upgrade tools & VPS hosting

Overnight interest is debited when you leave trades open overnight & inactivity fee is zero at IC Markets.

Customer Support

24/7 support channels are open on all days. Contact IC markets through live chat or international phone.

Read more about IC Markets for Nigerian traders

FxPro – Best for cTrader

FxPro - Best for cTrader

ProsCons
Automated trading support: FxPro cTrader & MetaTrader platforms support automated trading and strategy back testing with historical data.No Naira Accounts: USD account currency is what is available to Nigerian traders
Fixed & Floating spreads: you can opt for fixed or floating spreads on MT4/5High minimum deposit: $100 minimum deposit on Standard Account and $500 on Raw Spread Account
All strategies allowed: MT5 accounts support hedging & nettingHigh spreads: FxPro spreads are generally higher than what closest competitors offer (but FxPro accounts give you more customization options)
Low leverage: 1:200 leverage helps traders manage risk by not overleveraging
Market or Instant Execution: on MetaTrader you can choose between Market and Instant Execution. Instant Execution has higher spreads & price is guaranteed while execution is not. With Market Execution, price is not guaranteed but execution is.

FxPro is an online retail broker that was established in 2006 and is regulated in the Bahamas (SCB), United Kingdom (FCA), and South Africa (FSCA).

Risk warning: FxPro is not regulated in Nigeria, so you depend on oversea regulation and any disputes will be settled by oversea courts.

Fee schedule

With $100 minimum deposit you can open an FxPro cTrader Account or MT4/5 Standard Account. With $500 you can open the Raw Account.

On MT4 you can change the pricing to fixed spread, but these are usually higher than variable spreads. For cTrader & Raw MT4/5 Accounts you get low spreads, but you pay $3.5 per side commissions.

FxPro MetaTrader lets you choose between Market Execution & Instant Execution (but cTrader allows only Market Execution)

InstrumentMT4MT5cTrader
EUR/USD1.38ips1.30 pips0.36 pips
USD/CAD1.73 pips1.74 pips0.80 pips
USD/JPY1.47 pips1.49 pips0.40 pips

Overnight interest fees are charged when you leave your trade open till the next day and FxPro also charges a $10 inactivity fee.

Customer support

Support is open 24/5 through telephone and live chat. You can also request a call back by filling in a form on the FxPro website. FxPro has a help center, where you can get answers to common queries.

Read detail information about FxPro

OctaFX – Best for beginners

OctaFX – Best for beginners
ProsCons
Low cost of trading: No commissions, no overnight interest, & no inactivity fees. Spreads are also low with EUR/USD average spread of 0.8 pips however you don’t get Raw Spreads.No Naira Accounts: USD account currency is what is available to Nigerian traders
Copy trading: Octafx has copy trading so you can copy trades of other more experienced traders.Low class regulation: Octafx is not regulated by a well-known regulatory body

Octafx is a retail online broker that was established in 2011. It is regulated by the Mwali International Services Authority (MISA). This is not a well-known regulatory agency when compared to other brokers regulated in the United Kingdom.

Octafx is best for beginners because the fees are low, and the pricing structure is not complicated. The minimum deposit at Octafx is N30, 000.

Risk warning: Octafx is not regulated in Nigeria, so you depend on oversea regulation and any disputes will be settled by oversea courts.

Fee schedule

Octafx does not charge the following fees:

  • No commission
  • No overnight interest
  • No inactivity fees

However, Octafx charges spreads which are competitive.

Currency PairAverage Spread
EUR/USD1
GBP/USD1.4
EUR/GBP1.6

Find out about OctaFX Nigeria’s fees, instuments & more

FP Markets – ECN forex broker regulated in Australia

FP Markets – ECN forex broker regulated in Australia

ProsCons
Products offered: Forex, Shares, Commodities, Indices, Crypto, Bonds, & ETFs. Their product catalogue is diverse, and leverage is 1:500No Naira Accounts: USD account currency is what is available to Nigerian traders. The available base account currencies are: EUR, GBP, USD, CAD, JPY, SGD CHF, AUD, HKD, and NZD.
ECN pricing: All FP Markets accounts feature ECN pricing style, so spreads are low. EUR/USD is 1.1 pips on Standard Account & 0.1 pips on Raw AccountNo proprietary trading platform: FP Markets have not developed their own platform, so they rely on external platforms like MetaTrader & cTrader
Trading platforms: FP Markets provides MT4/5, cTrader, & TradingView platforms.

FP Markets is a financial service provider that was established in 2005. They are well regulated in Australia 9ASIC), and Cyprus (CySEC).

Risk warning: FP Markets is not regulated in Nigeria, so you depend on oversea regulation and any disputes will be settled by oversea courts.

Fee schedule

InstrumentStandard accountRaw account
EUR/USD1.1 pips0.1 pips
USD/CAD1.5 pips0.4 pips
USD/JPY1.3 pips0.2 pips

You can open a Standard Account or Raw Account with both needing a $100 minimum deposit. Both account types come with ECN pricing and spreads are unmarked by FP Markets.

The Standard Account does not charge commissions, but spreads begin at 1.0 pips, while the Raw Account spreads begin at 0.0 pips, but commission is $3 per side.

Overnight interest fees are charged as there are no swap-free instruments and there are no inactivity fees.

Customer support

24/7 support via live chat and international telephone

Read about FP Markets trading conditions & other features

What to Look For In a Forex Broker in Nigeria?

a. Safety of your Funds

Forex trading is not regulated in Nigeria, so when selecting a Forex broker, you want to ensure that they are regulated by tier 1 or tier 2 regulatory bodies.

Forex brokers regulated by tier 1 or tier 2 regulatory bodies are believed to be safer.

b. Brokerage Charges

All brokers charge a fee; however, you may want to consider brokers that charge competitive fees.

If you consider yourself a trader who may not always be available to trade, you may also want to consider brokers that do not charge inactivity fees.

c. Total Tradable Instruments

When choosing a Forex broker, you may want to consider brokers who offer a wide range of tradable instruments.

This way you do not have to start looking for another broker due to the limited number of products.

d. Availability of Multiple OS & Devices – Is it available on iOS or only on Android. Is it compatible with your device? Is there a demo option available? Ask questions, test download demo.

e. Features of the Broker

The trading conditions and features of a broker offer another thing you may want to look out for when choosing a broker.

You may want to consider brokers whose trading platforms are available on iOS, android, web, and desktop. This way, irrespective of your device, you can trade.

The minimum deposit is another feature to consider, if you are a trader who prefers to trade with small amounts, then brokers’ whose minimum deposit is low may suit your trading style.

As a trader, if you do not want to deal with the exchange rate when depositing, and withdrawing money from your account, then brokers who offer naira accounts may be better suited for you.

You should also check out for features like maximum leverage.

f. Funding Time & Methods

When choosing a broker, check out the number of deposit and withdrawal methods available and how fast these methods are.

You may want to consider brokers that allow you to easily access your funds without much stress.

It should be preferred that your broker supports local bank transfers in Nigeria, and the deposit & withdrawal time should be less than 24 hours.

Frequently Asked Questions: Forex Brokers In Nigeria

Which Forex Brokers are Legit in Nigeria?

The Forex brokers that are legit in Nigeria are those brokers that are regulated by tier 1 and tier 2 regulatory bodies.

These forex brokers are lower risk for traders. These include HFM, Exness, and Tickmill etc.

Which Forex Broker has the lowest fees in Nigeria?

In terms of spreads Exness has low Pro accounts with low overall trading fees. HFM has low fees in general with commission-based trading accounts or with Premium Account.

However, OctaFX & XM are few brokers that do not charge any fees aside from spread.

Which Forex Brokers accept local deposits?

HFM, Exness, and OctaFX are some of the Forex brokers in Nigeria that accepts local deposits in Naira via bank transfer.

What is a Forex Broker?

A Forex broker is a financial service provider that provides traders with a platform to buy and sell foreign currencies.