FxPro's websiteWhat a spread is, and what it costs you
A spread is the gap between the price you can buy at and the price you can sell at, quoted in pips. It is charged the moment a position opens, which is why it is the one cost every trade pays whether it wins or loses.
A spread alone does not say what a trade costs. An account with a 0.0-pip raw spread usually charges commission per lot instead, and an account with a 1.2-pip spread usually charges none. The comparable figure is the round turn - spread plus commission for one lot, in and out - and that is what the tables here rank on.
The ten below are the brokers in Nigeria publishing the tightest EUR/USD spread for a standard account. They are ordered by the figure they publish, not by preference, and a broker that publishes no spread is not on the list at all.
EUR/USD spread, pips (57 of 81 · median 1 pips)
22<1
331-2
12-3
13-4
04+
Affiliate links: we earn a commission; it never changes scores or order. CFDs are high-risk and leverage can lose you money rapidly.
Key facts (56 of 81 counts · 75 brokers onboarding Nigerian residents)
56of 81
qualify for this ranking
69% of 81
47of 56
scored on all six axes
84% of 56
57of 81
publish a price
70% of 81
53of 81
publish a leverage figure for this country
65% of 81
Top 3 (of 3 ranked)
What a spread is, and what it costs you (56 of 81)
By slice score, formula v1.0. · 56 of 75 brokers in this ranking · all 56
| # | Broker | Round turn, USDNG | Min deposit, USDNG | Leverage | Withdrawal, hNG | Score | Execution | Founded | Funding |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 6 | 100 group | 500NG | 24 | 4.12 | ECN/raw + standard | 2005 | 3 methods | |
| 2 | 9 | 25 group | 1000 groupNG | 3 | 4.07 | ECN/raw + standard | 2011 | 1 methods · local | |
| 3 | 7 | 100 group | 200NG | 3 | 4.07 | ECN/raw + standard | 2006 | 4 methods · local | |
| 4 | 4.2 | 0 group | 200NG | 24 | 4.03 | ECN/raw + standard | 2001 | 4 methods | |
| 5 | 4 | 30 | 2000NG | 24 | 4.02 | ECN/raw + standard | 1998 | 2 methods · local | |
| 6 | 5 | 10 group | 2000NG | 24 | 4 | ECN/raw + standard | 2012 | 3 methods | |
| 7 | 5 | 100 group | 3000NG | 24 | 3.98 | ECN/raw + standard | 2007 | 7 methods · local | |
| 8 | 3 | 1 group | 500NG | 24 | 3.97 | ECN/raw + standard | 2005 | 7 methods | |
| 9 | 3 | 50 group | 3000NG | 24 | 3.94 | ECN/raw + standard | 2009 | 4 methods | |
| 10 | 6 | 20 | 200NG | 24 | 3.92 | Standard | 2016 | 3 methods | |
| 11 | 6 | 0 group | 2000NG | 24 | 3.92 | ECN/raw + standard | 2010 | 8 methods · local | |
| 12 | 6 | 50 group | 500NG | 48 | 3.91 | ECN/raw + standard | 2005 | 4 methods | |
| 13 | 7 | — | 200NG | 24 | 3.86 | ECN/raw + standard | 2010 | 5 methods | |
| 14 | 7 | 50 | 500NG | 24 | 3.84 | ECN/raw + standard | 2010 | 4 methods | |
| 15 | 7 | 100 group | 500NG | 24 | 3.84 | ECN/raw + standard | 2016 | 7 methods | |
| 16 | 7 | 10 group | 1000NG | 24 | 3.84 | ECN/raw + standard | 2008 | 3 methods | |
| 17 | 6 | 50 | 1000NG | 24 | 3.81 | ECN/raw + standard | 2020 | 5 methods | |
| 18 | 9 | 100 group | 400 groupNG | 24 | 3.81 | Standard | 2006 | 3 methods · local | |
| 19 | 6 | 50 group | 1000NG | 48 | 3.8 | ECN/raw + standard | 1998 | 6 methods | |
| 20 | 7 | 100 | 200NG | 24 | 3.8 | ECN/raw + standard | 2010 | 4 methods | |
| 21 | 4 | 20 | 200NG | 48 | 3.79 | Standard | 2011 | — | |
| 22 | 7 | 100 group | 1000NG | 24 | 3.77 | ECN/raw + standard | 2013 | 6 methods | |
| 23 | 3 | 1 group | —stated, not verified | 0.5 | 3.77 | ECN/raw + standard | 2023 | 4 methods · local | |
| 24 | 8 | 30 | 3000NG | 24 | 3.76 | ECN/raw + standard | 1998 | 6 methods · local | |
| 25 | 7 | 0 group | 1000NG | 24 | 3.73 | ECN/raw + standard | 2014 | 4 methods · local | |
| 26 | 6 | 50 | 500NG | 72 | 3.7 | ECN/raw + standard | 2020 | 6 methods · local | |
| 27 | 7 | 5 group | 1000NG | 24 | 3.67 | ECN/raw + standard | 2009 | 5 methods | |
| 28 | 6 | 10 | 3000NG | 48 | 3.67 | ECN/raw + standard | 2012 | 3 methods · local | |
| 29 | 7 | 0 group | 500NG | 48 | 3.66 | ECN/raw + standard | 2007 | 5 methods · local | |
| 30 | 6 | 10 | 2000NG | 0.17 | 3.66 | ECN/raw + standard | 2004 | 5 methods · local | |
| 31 | 4.8 | 0 | 500NG | 120 | 3.64 | ECN/raw + standard | 2017 | 6 methods | |
| 32 | 6 | 5 | 5000 groupNG | 72 | 3.64 | ECN/raw + standard | 2019 | 5 methods · local | |
| 33 | 7 | 100 group | 500NG | 48 | 3.63 | ECN/raw + standard | 2009 | 4 methods | |
| 34 | — | 50 | 500NG | 24 | 3.63 | ECN/raw + standard | 2005 | 4 methods · local | |
| 35 | 7 | 50 | 1000NG | 24 | 3.63 | ECN/raw + standard | 2019 | 5 methods | |
| 36 | 13 | 5 group | 3000NG | 24 | 3.63 | Standard | 2009 | 3 methods · local | |
| 37 | 7.5 | 50 group | 400NG | 72 | 3.6 | ECN/raw + standard | 1999 | 5 methods · local | |
| 38 | 5.5 | 10 | 1000NG | 120 | 3.55 | ECN/raw + standard | 2014 | 6 methods | |
| 39 | 6 | 100 group | 500NG | 72 | 3.51 | ECN/raw + standard | 2015 | 3 methods | |
| 40 | 5 | 10 group | 2000NG | 24 | 3.49 | ECN/raw + standard | 2009 | 4 methods | |
| 41 | 7 | 50 | 100NG | 24 | 3.48 | ECN/raw + standard | 2010 | 2 methods | |
| 42 | 6 | 0 | 200NG | 120 | 3.41 | Standard | 2014 | 3 methods · local | |
| 43 | 9 | 10 group | 1000NG | 48 | 3.4 | ECN/raw + standard | — | 4 methods | |
| 44 | 8 | 100 | 200NG | 72 | 3.35 | ECN/raw + standard | 2012 | 6 methods · local | |
| 45 | 3.5 | 10 group | 2000NG | 24 | 3.33 | ECN/raw + standard | 2011 | 3 methods · local | |
| 46 | 9 | 10 group | 500NG | 24 | 3.29 | ECN/raw + standard | 2006 | 3 methods | |
| 47 | — | 1 | 1000NG | 7 | 3.28 | ECN/raw + standard | 2007 | 4 methods · local | |
| 48 | 18 | 100 | 1000NG | 240 | 3.25 | ECN/raw + standard | 2008 | 5 methods | |
| 49 | 10 | 10 group | —stated, not verified | 168 | 3.19 | Standard | 2007 | — | |
| 50 | 15 | 250 group | 1000NG | 24 | 3.18 | Standard | 2015 | 8 methods · local | |
| 51 | 13.6 | — | 200NG | 120 | 3.14 | ECN/raw + standard | 1974 | 3 methods | |
| 52 | 3.1 | 1 | 2000NG | 120 | 3.11 | ECN/raw + standard | 2006 | 4 methods · local | |
| 53 | 20 | 15 group | 500NG | 48 | 3.06 | ECN/raw + standard | 2015 | 6 methods · local | |
| 54 | 18 | 50 | 1000NG | 72 | 3.04 | Standard | 2021 | 5 methods | |
| 55 | — | 0 group | 200 groupNG | 120 | 2.98 | ECN/raw + standard | 1989 | — | |
| 56 | — | 1 group | 400NG | 72 | — | ECN/raw + standard | 2006 | 5 methods |
Ten are shown; the button opens the rest.
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
— the broker does not publish this figure; it is not read as a zero and it is not scored.
Eightcap publishes a retail leverage of 1:500 without naming the entity that grants it, so the figure is marked group and left out of the leverage ranking and median.
The ten above illustrate the term. Brokers with the lowest spreads in Nigeria lists every broker that qualifies, with the figure each one publishes.
Identical for every row, so it is stated once: Who onboards Local · SEC Nigeria · Swap-free fee none, no limit · NGN account Yes.
1. FP Markets — highest score of the three · cheapest priced of the three · offshore/unregulated locally in nigeria; (score 4.12)
- Round turn
- 6 USD
- Withdrawal
- 1 business day
- NGN account
- USD/EUR/GBP/AUD and others; no NGN-denominated account.
- Leverage
- 500NG
- Accepts residents
- through an offshore entity
- Onboarding entity
- FP Markets LLC
- Founded
- 2005
- Register
- https://fpmarkets.com/regulation · 09.07.2026
- Group leverage
- offshoregroup
- Instruments
- 10,000+ CFDs: 60+ FX pairs, indices, commodities, shares, ETFs, bonds and crypto CFDs.
- Platforms
- Funding
- Not served
- Reviews25%90
- Round-turn cost20%95
- Safety0
- Payouts15%80
- Track record10%100
- Platforms70
Round turn 6 USD against the slice median 6.5 USD. strongest axis track record 100 of 100. total score 4.12.
Watch forPayouts axis 58 of 100; e-wallet times not published.
2. OctaFX — not licensed by cbn or nigerian sec; ret · withdrawal in 3 h (score 4.07)
- Round turn
- 9 USD
- Withdrawal
- 1-3 hours
- NGN account
- USD/EUR; no NGN base account verified.
- Leverage
- 1000 groupNG
- Accepts residents
- through an offshore entity
- Onboarding entity
- Octa Markets Ltd
- Founded
- 2011
- Register
- https://octabroker.com · 09.07.2026
- Group leverage
- offshore
- Instruments
- FX, metals, indices, commodities, crypto & stock CFDs.
- Platforms
- Funding
- Not served
Round turn 9 USD against the slice median 6.5 USD. strongest axis payouts 98 of 100. total score 4.07.
Watch forMin deposit 200 USD, double the Nigeria median of 50; withdrawal time not published.
3. FxPro — unregulated locally; sec nigeria does no · withdrawal in 3 h (score 4.07)
Round turn 7 USD against the slice median 6.5 USD. strongest axis track record 100 of 100. total score 4.07.
Watch forOnboards Nigerian residents through an offshore entity: no SEC Nigeria licence, no SEC Nigeria complaints route, no NGN account.
What the data shows(56 of 81 distributions · 75 brokers)
Swap-free availability (56 of 81 brokers)
Offered30Not offered14
Admin fee after the free period (56 of 81 swap-free)
Never16After 3–30 days9not published5
Who onboards Nigerian residents (56 of 81 brokers)
Local SEC Nigeria entity20Offshore entity24
NGN account (56 of 81 brokers)
Yes16No23not published5
Round turn, one lot, USD (57 of 81 · median 6.5 USD)
9<5
415-10
310-15
315-20
120+
Full list(56 of 81)
- 1FP Markets4.12
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 100 group
- Leverage
- 500NG
- NGN
- Yes
- 2OctaFX4.07
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 9
- Min deposit, USD
- 25 group
- Leverage
- 1000 groupNG
- NGN
- Yes
- 3FxPro4.07
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100 group
- Leverage
- 200NG
- NGN
- Yes
- 4ActivTrades4.03
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 4.2
- Min deposit, USD
- 0 group
- Leverage
- 200NG
- NGN
- Yes
- 5Exinity4.02
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 4
- Min deposit, USD
- 30
- Leverage
- 2000NG
- NGN
- Yes
- 6BDSwiss4
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 5
- Min deposit, USD
- 10 group
- Leverage
- 2000NG
- NGN
- Yes
- 7AMarkets3.98
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 5
- Min deposit, USD
- 100 group
- Leverage
- 3000NG
- NGN
- Yes
- 8FXOpen3.97
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 3
- Min deposit, USD
- 1 group
- Leverage
- 500NG
- NGN
- Yes
- 9Traders Trust3.94
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 3
- Min deposit, USD
- 50 group
- Leverage
- 3000NG
- NGN
- Yes
- 10Capital.com3.92
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 20
- Leverage
- 200NG
- NGN
- Yes
- 11HFM3.92
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 0 group
- Leverage
- 2000NG
- NGN
- Yes
- 12MultiBank Group3.91
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 50 group
- Leverage
- 500NG
- NGN
- Yes
- 13Pepperstone3.86
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Leverage
- 200NG
- NGN
- Yes
- 14ThinkMarkets3.84
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 50
- Leverage
- 500NG
- NGN
- Yes
- 15Blueberry Markets3.84
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100 group
- Leverage
- 500NG
- NGN
- Yes
- 16NordFX3.84
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 10 group
- Leverage
- 1000NG
- NGN
- Yes
- 17Errante3.81
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 50
- Leverage
- 1000NG
- NGN
- Yes
- 18AvaTrade3.81
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 9
- Min deposit, USD
- 100 group
- Leverage
- 400 groupNG
- NGN
- Yes
- 19FIBO Group3.8
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 50 group
- Leverage
- 1000NG
- NGN
- Yes
- 20FXChoice3.8
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100
- Leverage
- 200NG
- NGN
- Yes
- 21Mitrade3.79
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 4
- Min deposit, USD
- 20
- Leverage
- 200NG
- NGN
- Yes
- 22TMGM3.77
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100 group
- Leverage
- 1000NG
- NGN
- Yes
- 23Headway3.77
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 3
- Min deposit, USD
- 1 group
- NGN
- Yes
- 24Alpari3.76
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 8
- Min deposit, USD
- 30
- Leverage
- 3000NG
- NGN
- Yes
- 25Doo Prime3.73
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 0 group
- Leverage
- 1000NG
- NGN
- Yes
- 26Vantage3.7
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 50
- Leverage
- 500NG
- NGN
- Yes
- 27XM3.67
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 5 group
- Leverage
- 1000NG
- NGN
- Yes
- 28JustMarkets3.67
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 10
- Leverage
- 3000NG
- NGN
- Yes
- 29Axi3.66
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 0 group
- Leverage
- 500NG
- NGN
- Yes
- 30FreshForex3.66
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 10
- Leverage
- 2000NG
- NGN
- Yes
- 31Fusion Markets3.64
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 4.8
- Min deposit, USD
- 0
- Leverage
- 500NG
- NGN
- Yes
- 32FXGT3.64
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 5
- Leverage
- 5000 groupNG
- NGN
- Yes
- 33Eightcap3.63
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100 group
- Leverage
- 500NG
- NGN
- Yes
- 34LiteFinance3.63
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Min deposit, USD
- 50
- Leverage
- 500NG
- NGN
- Yes
- 35Moneta Markets3.63
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 50
- Leverage
- 1000NG
- NGN
- Yes
- 36FBS3.63
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 13
- Min deposit, USD
- 5 group
- Leverage
- 3000NG
- NGN
- Yes
- 37FXCM3.6
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 7.5
- Min deposit, USD
- 50 group
- Leverage
- 400NG
- NGN
- Yes
- 38XChief3.55
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 5.5
- Min deposit, USD
- 10
- Leverage
- 1000NG
- NGN
- Yes
- 39VT Markets3.51
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 100 group
- Leverage
- 500NG
- NGN
- Yes
- 40RoboForex3.49
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 5
- Min deposit, USD
- 10 group
- Leverage
- 2000NG
- NGN
- Yes
- 41Amana Capital3.48
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 50
- Leverage
- 100NG
- NGN
- Yes
- 42Trade Nation3.41
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 0
- Leverage
- 200NG
- NGN
- Yes
- 43Scope Markets3.4
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 9
- Min deposit, USD
- 10 group
- Leverage
- 1000NG
- NGN
- Yes
- 44CMTrading3.35
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 8
- Min deposit, USD
- 100
- Leverage
- 200NG
- NGN
- Yes
- 45FXTM3.33
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 3.5
- Min deposit, USD
- 10 group
- Leverage
- 2000NG
- NGN
- Yes
- 46Grand Capital3.29
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 9
- Min deposit, USD
- 10 group
- Leverage
- 500NG
- NGN
- Yes
- 47InstaForex3.28
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Min deposit, USD
- 1
- Leverage
- 1000NG
- NGN
- Yes
- 48IronFX3.25
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 18
- Min deposit, USD
- 100
- Leverage
- 1000NG
- NGN
- Yes
- 49eToro3.19
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 10
- Min deposit, USD
- 10 group
- NGN
- Yes
- 50NAGA3.18
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 15
- Min deposit, USD
- 250 group
- Leverage
- 1000NG
- NGN
- Yes
- 51IG Markets3.14
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 13.6
- Leverage
- 200NG
- NGN
- Yes
- 52Weltrade3.11
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 3.1
- Min deposit, USD
- 1
- Leverage
- 2000NG
- NGN
- Yes
- 53ForexMart3.06
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 20
- Min deposit, USD
- 15 group
- Leverage
- 500NG
- NGN
- Yes
- 54T4Trade3.04
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 18
- Min deposit, USD
- 50
- Leverage
- 1000NG
- NGN
- Yes
- 55CMC Markets2.98
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Min deposit, USD
- 0 group
- Leverage
- 200 groupNG
- NGN
- Yes
How to read the ten below
- Start with the figure this page ranks on.
Every row here is ordered by computed score, highest first; unscored brokers follow. A broker that publishes no figure is shown without one rather than guessed at.
- Check which company would onboard you.
The same brand can take a resident of Nigeria through a locally licensed entity or an offshore one, and the leverage cap, the complaint route and the protection all follow the entity, not the brand.
- Read the cost beside the deposit.
The median round turn across this country is 6.5 USD and the median minimum deposit 30.0 USD; a low deposit beside a wide spread takes the difference back on every trade.
Neighbouring slices(6 rankings · 5 explainers)
Same country
FAQ
- How many brokers qualify for this ranking in Nigeria?
- 56 of 81 brokers measured for this country qualify.
- Which broker leads it, and on what basis?
- FP Markets leads it with a score of 4.12. The order is computed score, highest first; unscored brokers follow.
- What does a trade typically cost here?
- The median round turn - spread plus commission for one standard lot, in and out - is 6.5 USD across the brokers that publish both parts.
- Why do some rows show a dash instead of a figure?
- Because the broker does not publish that figure for this country. A dash is a statement about what is published, and a figure is never filled in from a group-wide page as if it applied locally.
- Why are only ten brokers shown here?
- This page explains the term; the ten illustrate it. The full ranking lists 56 of 81 and is one click away.
How this slice is scored
Slice score = 2 + 3 × weighted mean of the six axes; the swap-free fee and availability feed price and reliability. A missing axis drops out and weights are renormalised; group-wide figures never enter. Full methodology
Verified · What changed · Sources(56 of 81 broker records)
Verified01.10.2026
data re-captured 28.09.2026
Risk warning and affiliate disclosure
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A swap-free account removes overnight interest, not market risk. We earn a commission on some links; paid rows are marked and never ranked first.