Home / Countries / Nigeria Forex brokers for traders in Nigeria None of the 33 brokers we review lists a licence from the Securities and Exchange Commission Nigeria among the entities we confirmed.
The local regulator is the Securities and Exchange Commission Nigeria . Below: every broker we review, whether it lists a local licence, which common local payment methods it accepts, and how fast verified traders from Nigeria were paid.
Admirals No local licence found; served by CySEC
No common local method confirmed
Trust meter · Score building · 1 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
Axi No local licence found; served by CySEC
Local methods: Bank transfer, Card, Crypto
Trust meter · Score building · 1 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
Capital.com No local licence found; served by CySEC, CySEC
Local methods: Bank transfer, Card
Trust meter · Score building · 1 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
CMC Markets No local licence found; served by FCA
No common local method confirmed
Trust meter · Score building · 2 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency 10/10
No verified local withdrawal reports yet
Eightcap No local licence found; served by FCA, CySEC
No common local method confirmed
Trust meter · Score building · 1 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
eToro No local licence found; served by CySEC, ASIC
No common local method confirmed
Trust meter · Score building · 1 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
Exness No local licence found; served by FCA, CySEC, FSA Seychelles
No common local method confirmed
Trust meter · Score building · 1 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
FOREX.com No local licence found; served by FCA, NFA/CFTC
No common local method confirmed
Trust meter · Score building · 1 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
Fusion Markets No local licence found; served by ASIC, VFSC, FSA Seychelles
No common local method confirmed
Trust meter · Score building · 1 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
FxPro No local licence found; served by FCA, SCB
Local methods: Card
Trust meter · Score building · 1 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
GO Markets No local licence found; served by ASIC
Local methods: Bank transfer, Card
Trust meter · Score building · 1 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
HFM No local licence found; served by CySEC, FCA, FSA Seychelles, FSCA
No common local method confirmed
Trust meter · Score building · 1 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
IG No local licence found; served by FCA
No common local method confirmed
Trust meter · Score building · 2 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency 10/10
No verified local withdrawal reports yet
InstaForex No local licence found; served by CySEC
No common local method confirmed
Trust meter · Score building · 1 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
Interactive Brokers No local licence found; served by FCA, ASIC, CBI
No common local method confirmed
Trust meter · Score building · 1 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
Libertex No local licence found; served by CySEC
No common local method confirmed
Trust meter · Score building · 2 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency 10/10
No verified local withdrawal reports yet
NAGA No local licence found; served by CySEC
Local methods: Bank transfer, Card, Crypto
Trust meter · Score building · 2 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency 10/10
No verified local withdrawal reports yet
Octa No local licence found; served by CySEC
No common local method confirmed
Trust meter · Score building · 1 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
Pepperstone No local licence found; served by CySEC
No common local method confirmed
Trust meter · Score building · 1 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
Saxo No local licence found; served by FCA
No common local method confirmed
Trust meter · Score building · 2 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency 10/10
No verified local withdrawal reports yet
ThinkMarkets No local licence found; served by FCA, ASIC
No common local method confirmed
Trust meter · Score building · 1 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
Tickmill No local licence found; served by CySEC
No common local method confirmed
Trust meter · Score building · 1 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
Trade Nation No local licence found; served by FCA
No common local method confirmed
Trust meter · Score building · 1 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
Trading 212 No local licence found; served by CySEC, FCA
No common local method confirmed
Trust meter · Score building · 1 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
Vantage No local licence found; served by unconfirmed entities
No common local method confirmed
Trust meter · Score building · 1 of 5 checks done
Regulation – Withdrawals – Trader reviews – Costs – Transparency 10/10
No verified local withdrawal reports yet
XM No local licence found; served by CySEC
No common local method confirmed
Trust meter · Score building · 1 of 5 checks done
Regulation 30/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
AvaTrade No local licence found; served by FSCA
No common local method confirmed
Trust meter · Score building · 1 of 5 checks done
Regulation 21/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
Equiti No local licence found; served by CMA (UAE)
No common local method confirmed
Trust meter · Score building · 1 of 5 checks done
Regulation 21/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
FXTM No local licence found; served by FSC Mauritius, CMA Kenya
No common local method confirmed
Trust meter · Score building · 1 of 5 checks done
Regulation 21/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
Moneta Markets No local licence found; served by FSCA
No common local method confirmed
Trust meter · Score building · 1 of 5 checks done
Regulation 21/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
IC Markets No local licence found; served by FSA Seychelles
No common local method confirmed
Trust meter · Score building · 2 of 5 checks done
Regulation 9/30 Withdrawals – Trader reviews – Costs – Transparency 10/10
No verified local withdrawal reports yet
BlackBull Markets No local licence found; served by FSA (Seychelles), FMA (NZ) / FSPR
Local methods: Bank transfer, Card, Crypto
Trust meter · Score building · 1 of 5 checks done
Regulation 9/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
Hantec Markets No local licence found; served by FSC (Mauritius)
No common local method confirmed
Trust meter · Score building · 1 of 5 checks done
Regulation 9/30 Withdrawals – Trader reviews – Costs – Transparency –
No verified local withdrawal reports yet
Traded from Nigeria? Share your withdrawal time to help other local traders.
Frequently asked questions Which forex brokers are regulated in Nigeria? None of the brokers we review lists a licence from the Securities and Exchange Commission Nigeria among the entities we confirmed. Check the Securities and Exchange Commission Nigeria's own register before you open an account.
Which deposit and withdrawal methods work in Nigeria? Common local methods the brokers we review list: Axi (Bank transfer, Card, Crypto); Capital.com (Bank transfer, Card); FxPro (Card); GO Markets (Bank transfer, Card); NAGA (Bank transfer, Card, Crypto); BlackBull Markets (Bank transfer, Card, Crypto).
How fast do brokers pay traders in Nigeria? We have no verified withdrawal reports from Nigeria yet.
Who regulates forex brokers in Nigeria? The Securities and Exchange Commission Nigeria. You can check any firm on its website: https://sec.gov.ng.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read more
All brokers By country Tools Scam alerts Fee changes Withdrawal tests How we test About Risk warning Privacy Terms We may earn a commission when you open an account through our links. It never changes our scores. Reviews and facts checked by Akash, editor.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Each broker page shows that broker's own share of retail accounts that lose money.
Not available to residents of India. Nothing here is financial advice.