FxPro's websiteZero-commission brokers in Nigeria
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 (10 of 81 counts · 75 brokers onboarding Nigerian residents)
Top 3 (of 3 ranked)
Zero-commission brokers in Nigeria (10 of 81)
| # | Broker | Round turn, USDNG | Min deposit, USDNG | Leverage | Withdrawal, hNG | Score | Execution | Founded | Funding |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 9 | 25 group | 1000 groupNG | 3 | 4.07 | ECN/raw + standard | 2011 | 1 methods · local | |
| 2 | 4.2 | 0 group | 200NG | 24 | 4.03 | ECN/raw + standard | 2001 | 4 methods | |
| 3 | 6 | 20 | 200NG | 24 | 3.92 | Standard | 2016 | 3 methods | |
| 4 | 9 | 100 group | 400 groupNG | 24 | 3.81 | Standard | 2006 | 3 methods · local | |
| 5 | 4 | 20 | 200NG | 48 | 3.79 | Standard | 2011 | — | |
| 6 | — | 300 group | 500NG | 1 | 3.61 | — | 2015 | 4 methods · local | |
| 7 | 6 | 0 | 200NG | 120 | 3.41 | Standard | 2014 | 3 methods · local | |
| 8 | 10 | 10 group | —stated, not verified | 168 | 3.19 | Standard | 2007 | — | |
| 9 | 18 | 50 | 1000NG | 72 | 3.04 | Standard | 2021 | 5 methods | |
| 10 | — | 10 | —stated, not verified | 24 | — | — | 2018 | 2 methods · local |
"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.
Trade Nation publishes a retail leverage of 1:200 without naming the entity that grants it, so the figure is marked group and left out of the leverage ranking and median.
Identical for every row, so it is stated once: Who onboards Local · SEC Nigeria · Swap-free fee none, no limit · NGN account Yes.
1. OctaFX — highest score of the three · 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
- offshoregroup
- Instruments
- FX, metals, indices, commodities, crypto & stock CFDs.
- Platforms
- Funding
- Not served
- Reviews25%90
- Round-turn cost20%80
- Safety10
- Payouts15%98
- Track record10%75
- Platforms65
Round turn 9 USD against the slice median 6.5 USD. strongest axis payouts 98 of 100. total score 4.07.
Watch forPayouts axis 58 of 100; e-wallet times not published.
2. ActivTrades — cheapest priced of the three · offshore (bahamas scb); no local sec nig · withdrawal in 24 h (score 4.03)
- Round turn
- 4.2 USD
- Withdrawal
- 1 working day
- NGN account
- USD, EUR, GBP, CHF; no NGN account, deposits convert.
- Leverage
- 200NG
- Accepts residents
- through an offshore entity
- Onboarding entity
- Nigerian clients onboarded offshore under ActivTrades Corp (SCB Bahamas); no local entity.
- Founded
- 2001
- Register
- https://activtrades.com · 09.07.2026
- Group leverage
- unclear
- Instruments
- Forex, indices, commodities, shares, ETFs, bonds, crypto CFDs.
- Platforms
- Funding
- Not served
Round turn 4.2 USD against the slice median 6.5 USD. strongest axis round-turn cost 100 of 100. total score 4.03.
Watch forMin deposit 200 USD, double the Nigeria median of 50; withdrawal time not published.
3. Capital.com — offshore (bahamas scb); not registered w · withdrawal in 24 h (score 3.92)
Round turn 6 USD against the slice median 6.5 USD. strongest axis round-turn cost 95 of 100. total score 3.92.
Watch forOnboards Nigerian residents through an offshore entity: no SEC Nigeria licence, no SEC Nigeria complaints route, no NGN account.
What the data shows(10 of 81 distributions · 75 brokers)
Swap-free availability (10 of 81 brokers)
Admin fee after the free period (10 of 81 swap-free)
Who onboards Nigerian residents (10 of 81 brokers)
NGN account (10 of 81 brokers)
Commission per round turn, USD (55 of 81 · median 5.5 USD)
EUR/USD spread, pips (57 of 81 · median 1 pips)
Full list(10 of 81)
- 1OctaFX4.07
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 9
- Min deposit, USD
- 25 group
- Leverage
- 1000 groupNG
- NGN
- Yes
- 2ActivTrades4.03
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 4.2
- Min deposit, USD
- 0 group
- Leverage
- 200NG
- NGN
- Yes
- 3Capital.com3.92
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 20
- Leverage
- 200NG
- NGN
- Yes
- 4AvaTrade3.81
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 9
- Min deposit, USD
- 100 group
- Leverage
- 400 groupNG
- NGN
- Yes
- 5Mitrade3.79
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 4
- Min deposit, USD
- 20
- Leverage
- 200NG
- NGN
- Yes
- 6Milton Prime3.61
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Min deposit, USD
- 300 group
- Leverage
- 500NG
- NGN
- Yes
- 7Trade Nation3.41
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 0
- Leverage
- 200NG
- NGN
- Yes
- 8eToro3.19
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 10
- Min deposit, USD
- 10 group
- NGN
- Yes
- 9T4Trade3.04
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Round turn, USD
- 18
- Min deposit, USD
- 50
- Leverage
- 1000NG
- NGN
- Yes
How to read this ranking
- 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 · 6 explainers)
FAQ
- How many brokers qualify for this ranking in Nigeria?
- 10 of 81 brokers measured for this country qualify.
- Which broker leads it, and on what basis?
- OctaFX leads it with a score of 4.07. 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.
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(10 of 81 broker records)
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.