82 brokers measured47 pricedmedian 6.0 USDformula v1.0Data captured 03.10.2026
Raw-spread and ECN accounts in Nigeria
Key facts (6 · 38 of 82)
In this ranking
38 of 82
Ranked on all axes
27 of 38
Round turn, USD · Median
6.0 USD
Min deposit, USD · Median
50.0 USD
Max leverage
500.0geo
Withdrawal, h · Median
24.0 h
Top picks (3 / 27 of 38)
Full list (38)
Sorted by computed score, highest first. Unscored brokers follow.
Showing 38 of 82 brokers that onboard Nigeria residents.
| Broker | Score | Round turn, USD | Min deposit, USD | Max leverage | Withdrawal, h | Onboarding entity |
|---|---|---|---|---|---|---|
| FP Markets | 4.12 | 6.0 | no data | 500.0geo | 24.0 | FP Markets LLC |
| ActivTrades | 4.03 | 5.0 | no data | 200.0geo | 24.0 | Nigerian clients onboarded offshore unde |
| AMarkets | 4.03 | 5.0 | no data | 3000.0geo | 24.0 | AMarkets Ltd |
| BDSwiss | 4.0 | 5.0 | no data | 2000.0geo | 24.0 | Nigerian clients are onboarded under the |
| HFM | 3.96 | 6.0 | no data | 2000.0geo | 24.0 | HF Markets (SV) Ltd |
| RoboForex | no data | 5.0 | no data | 2000.0geo | no data | RoboForex Ltd |
| Tickmill | 3.94 | 6.0 | 100.0geo | 500.0geo | 24.0 | Offshore Tickmill Ltd |
| MultiBank Group | 3.93 | 6.0 | no data | 500.0geo | no data | Nigerian clients served via offshore ent |
| Weltrade | no data | 3.1 | 1.0geo | 2000.0geo | no data | Weltrade Ltd |
| FxPro | 3.92 | 7.0 | no data | 200.0geo | no data | FxPro Markets Direct Costa Rica Latam SR |
| FXOpen | 3.9 | 3.0 | no data | 500.0geo | no data | Offshore FXOpen Markets Ltd |
| Pepperstone | 3.86 | 7.0 | no data | 200.0geo | 24.0 | Pepperstone Markets Ltd |
| Traders Trust | 3.85 | 3.0 | no data | 3000.0geo | no data | Offshore TTCM Traders Trust Capital Mark |
| ThinkMarkets | 3.84 | 7.0 | 50.0geo | 500.0geo | 24.0 | TF Global Markets Int Ltd |
| XChief | 3.83 | 5.5 | 10.0geo | 1000.0geo | no data | Serves Nigeria via offshore xChief LTD ( |
| BlackBull Markets | 3.81 | 6.0 | no data | 500.0geo | 72.0 | BBG Limited |
| FXChoice | no data | 7.0 | 100.0geo | 200.0geo | 24.0 | FX Choice Ltd |
| Errante | no data | 6.0 | 50.0geo | 1000.0geo | 24.0 | Served under offshore Errante Securities |
| FXCM | 3.73 | 7.5 | no data | 400.0geo | no data | Stratos Global LLC |
| TMGM | 3.71 | 7.0 | no data | 1000.0geo | no data | Trademax Global Ltd |
| JustMarkets | 3.7 | 6.0 | 10.0geo | 3000.0geo | no data | Just Global Markets Ltd |
| FXTM | no data | 3.5 | no data | 2000.0geo | no data | Exinity Ltd |
| Fusion Markets | 3.69 | 4.8 | no data | 500.0geo | 120.0 | Nigerian retail clients are onboarded un |
| LiteFinance | no data | not priced | 50.0geo | 500.0geo | 24.0 | LiteFinance Global LLC |
| FXGT | 3.67 | 6.0 | no data | no data | no data | GT Global Ltd |
| Axi | 3.66 | 7.0 | no data | 500.0geo | 48.0 | Onboarded to offshore AxiTrader LLC / Ax |
| Eightcap | 3.63 | 7.0 | no data | 500.0geo | 48.0 | Eightcap Global Limited |
| VT Markets | 3.62 | 6.0 | no data | 500.0geo | no data | Served via offshore VT Markets LLC (SVG) |
| Blueberry Markets | no data | 7.0 | no data | 500.0geo | 24.0 | Served via offshore Mauritius/Vanuatu en |
| Moneta Markets | 3.52 | 12.0 | 50.0geo | 1000.0geo | 24.0 | Moneta Markets Ltd |
| Alpari | no data | 12.0 | 30.0geo | 3000.0geo | no data | Parlance Trading Ltd |
| XM | no data | 13.0 | no data | 1000.0geo | no data | XM Global Limited |
| CAPEX | 3.39 | 14.0 | 100.0geo | no data | 24.0 | KW Investments Ltd |
| Vantage | no data | 6.0 | 50.0geo | 500.0geo | 72.0 | Vantage Global Limited |
| Amana Capital | 3.37 | 7.0 | 50.0geo | 100.0geo | no data | AFS Global Ltd |
| Grand Capital | 3.29 | 9.0 | no data | 500.0geo | 24.0 | Grand Capital Ltd |
| IFC Markets | no data | 18.0 | no data | 400.0geo | 72.0 | IFCMARKETS CORP. (BVI) / Labuan entity — |
| FreshForex | 2.93 | 20.0 | 10.0geo | 2000.0geo | no data | Riston Capital Ltd |
Distributions across the base
Round-turn cost, USD (47 of 82)
Median 6.0 · Range 2.0–20.0 USD
Minimum deposit, USD (22 of 82)
Median 50.0 · Range 0.0–100.0 USD
Retail leverage (54 of 82)
Median 500.0 · Range 100.0–3000.0 1:x
Withdrawal time, hours (38 of 82)
Median 24.0 · Range 24.0–120.0 h
How to choose (5)
- Check the entity in the last column: Nigeria residents are onboarded by a local entity at some of these brokers and by an offshore one at others.
- Compare the round turn against the median of 6.0 USD, measured on 47 of 82 brokers rather than on the whole base.
- Treat a blank as a blank: 11 of 38 brokers here are missing at least one axis and are listed without a score.
- Read the leverage column with its marker: a figure the country's regulator did not set belongs to the broker's group, not to this country.
- Open the licence number on the broker page and check it in the register before funding.
Related rankings (6)
Methodology
2 + 3 × weighted mean of six axes. A broker enters this ranking only with a review rating and a round-turn price; others are listed with their score withheld.
FAQ (4)
How many brokers are in this ranking?
38 of 82 of the 82 brokers in our Nigeria base, and 27 of 38 of them are measured on all six axes.
How is the order decided?
By the computed score: 2 + 3 × the weighted mean of six axes. A broker without a review rating or without a round-turn price is listed but not ranked.
Which broker leads raw-spread and ecn accounts in nigeria?
FP Markets with 4.12 of 5 and a round turn of 6.0 USD.
What does trading cost in Nigeria on average?
The median round turn on one EURUSD lot is 6.0 USD, measured on 47 of 82 brokers.