Overview
Forex trading has become increasingly popular around the world in the past year, especially in developing countries such as Nigeria, and especially considering that South Africa and Nigeria make up the greater part of forex traders in Africa.
1. AvaTrade
AvaTrade is a multi-award-winning, multi-regulated Market Maker and STP broker which offers traders more than 250 financial instruments to trade. AvaTrade has regulation in several jurisdictions through ASIC, BVI, CBI, FFAJ, FSA, and FSCA in providing trading solutions to traders from around the world.
AvaTrade also offers some of the best, most powerful trading platforms through which trades can be executed along with competitive, favourable trading conditions.
2. Exness
Exness is based in Saint Vincent and the Grenadines, Cyprus, and the United Kingdom, with respective and corresponding regulation and authorization through SFSA, CySEC, and FCA.
Exness has been offering its services since 2008 and caters for traders from around the world. Exness provides global clients with financial services, investment solutions, and ample opportunities for both retail traders and corporate solutions for partnerships.
3. HotForex
HotForex is a reputable, multi-asset broker based in Cyprus with strict and demanding regulation through CySEC, FCA, DFSA, and FSCA in offering comprehensive trading solutions to traders from around the world.
With HotForex, Nigerian traders have a choice between a variety of trading accounts, each designed with the differing trading needs and objectives of various traders in mind, offering traders with a dynamic trading experience.
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4. eToro
eToro has been in operation since 2006 with multiple regulation and authorization through ASIC, FCA, and CySEC. eToro is a highly reputable broker and the leading social trading platform, offering numerous services to global traders.
With eToro, Nigerian traders have access to a vast array of financial instruments which can be traded through its proprietary trading platform. Traders also have the opportunity of comparing and trading strategies and automatically copying trades from the portfolio of other traders to their own.
Although eToro only offers two types of accounts, one for retail traders and one for professionals, Nigerian traders will find that there are competitive trading conditions tied to each along with an array of features and benefits.
5. XM
XM is not only a well-regulated ECN and STP broker but is also one which has a long history of providing traders from around the world with superior online trading services.
Strictly regulated by ASIC, CySEC, IFSC, and FCA, XM has offices based in these jurisdictions and works tirelessly to ensure that all traders have access to the best trading conditions, solutions, and services.
XM offers traders with a choice between dynamic trading accounts, the use of powerful trading platforms through which trades can be executed, multi-lingual support, negative balance protection, low and competitive spreads, and more.
6. FBS
FBS is a strictly regulated ECN and STP broker based in Belize. FBS is a global provider of forex and CFD instruments which can be traded through powerful, innovative trading platforms.
Since its inception in 2009, FBS has grown in strength, size, and capital, with offices and partners located around the world. FBS caters for traders from 190 countries and offers the trade of more than 75 financial instruments.
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FBS makes use of both STP and ECN models which means that the broker does not take a position against the trader, as a Market Maker broker would. FBS has also won numerous industry standard award for its services, making this broker ideal for Nigerian traders.
7. OctaFX
OctaFX has been in operation since 2011 and it has grown to become a trusted and popular STP and ECN broker. Based in Saint Vincent and the Grenadines, OctaFX is well-regulated and authorized by FSA SVG and CySEC.
Nigerian traders are offered with a vast array of forex and CFD financial instruments, competitive trading conditions, transparent fee schedules, dedicated and prompt customer support, and powerful trading platforms.
In addition, OctaFX has also won multiple awards throughout its existence and it offers traders with dynamic trading accounts, negative balance protection, fast execution speeds, and more.
8. Pepperstone
Pepperstone is not only a popular and reputable ECN and STP broker but also one of the largest trading brokers in the industry. Based in Australia and the United Kingdom, Pepperstone is regulated by ASIC, FCA, DFSA, and SCB in facilitating the trades of traders from around the world.
Pepperstone caters for all traders despite their trading needs, objectives, skills, experience or varying trading styles.
When trading with Pepperstone, Nigerian traders have access to more than 80 financial instruments which can be traded through either MetaTrader 4, MetaTrader 5, or cTrader.
Traders are provided with cutting-edge technology, low-cost spreads, low latency and high execution speeds, and a unique and dynamic trading environment.
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