When evaluating forex brokers, there are several factors that Nigerian traders must consider, one of the most important ones being the regulation of the broker.
In dealing with a broker that has strict regulation, Nigerian traders can ensure that their funds are kept safe as regulated brokers keep funds in segregated accounts away from their operational funds.
FXTM was established in 2011 and is a well-regulated and reputable ECN and STP broker. FXTM is regulated, authorized, and overseen by CySEC, FCA, FSC, and FSCA.
When trading with FXTM, Nigerian traders are offered with comprehensive trading solutions and competitive trading conditions. These consist of adequate leverage, tight and variable spreads, low commission charges, an abundance of educational material, trading tools, and more.
OctaFX is a STP and ECN broker which has been in operation since 2011. With regulation through FSA SVG and CySEC, OctaFX offers its services to traders from around the world in facilitating the trades of a variety of financial instruments.
When trading with OctaFX, Nigerian traders receive some of the best trading conditions in the industry along with powerful trading platforms, education, trading tools, and more.
XM is an ECN and STP broker which is strictly regulated by ASIC, CySEC, and IFSC in facilitating the trades of traders from around the world. Traders are offered with access to a wide variety of financial instruments which can be traded through powerful, dynamic platforms.
Traders are offered with competitive trading conditions, tight spreads, low commissions, a variety of account options, negative balance protection, and more.
ForexMart has been in operation since 2015 and is a reputable NDD broker based in Cyprus. ForexMart is well-regulated by CySEC and offers Nigerian traders some of the best trading conditions in the industry.
With ForexMart, traders have access to high leverage, low commission charges, variable and tight spreads, a variety of financial instruments, and an array of reliable payment methods for deposits and withdrawals.
You might also like: Forex brokers with Nasdaq
Plus500 has been working from 2008 in offering traders from around the world, including Nigerian traders, with comprehensive trading solutions and services.
When trading with Plus500, traders have access to tight and variable spreads, commission-free trading, powerful proprietary trading platforms, and a wide variety of tradable financial instruments.
6. HF Markets
HF Markets is strictly regulated by several entities and has offices around the world. through this, HF Markets adequately caters for traders from around the world by offering comprehensive trading solutions.
With HF Markets, Nigerian traders are getting some of the best trading conditions in the industry which includes tight spreads, fast trade execution, low commissions, powerful trading platforms, a variety of tradable financial instruments, and more.
RoboMarkets is another popular and multi-regulated broker which offers traders from around the world access to global markets.
When trading with RoboMarkets, Nigerian traders have access to an array of tailored and dynamic accounts, each with their own favourable and competitive trading conditions, tight spreads, low commissions, trading tools, research, education, and more.
New trading? Open a FREE TRADING ACCOUNT here