Seeking a reliable, fully regulated forex broker in Nigeria — one that lets traders fund in Naira and collect profits the same day to any local bank or mobile-money wallet?
Thousands of Nigerian traders have already tested the five platforms below, confirming real-money withdrawals through Flutterwave, Opay and Instant EFT. Every broker in this short-list delivers:
- Segregated client funds plus licences from FCA, CySEC, FSCA or IFSC
- Ultra-low or raw spreads starting at 0 pip (Raw) or 0.6 pip (commission-free)
- Permanent swap-free / Islamic account options
- Local NGN wallets with deposits in seconds and payouts landing within hours — not days
Read on for quick-pick winners, concise broker snapshots, the rating checklist, an FAQ block ready for rich snippets, and a link to a side-by-side comparison table — everything you need to choose a broker and trade with confidence.
Table of Contents
- Quick-Pick Winners
- Broker Directory (A–Z)
- How the Ratings Are Done
- FAQ
- Side-by-Side Comparison
- Update Log
🥇 Quick-Pick Winners
| Best for … | Broker | Why it wins | Full review |
|---|---|---|---|
| Raw-spread scalping | Exness | 0 pip + ₦ 25/lot, leverage ∞, withdrawals < 10 min | Exness Nigeria Review |
| Micro deposits | FBS | Live Cent account from ₦ 1 000, leverage 1 : 3000, CopyTrade | FBS Nigeria Review |
| High leverage + bonus | HFM | 100 % Super-Charged bonus, Zero-Spread 0 pip + $3 | HFM Nigeria Review |
| Tightest ECN cost | FXTM | 0 pip + $2/lot, FSCA licence, NG Instant EFT | FXTM Nigeria Review |
| Free $30 credit | XM | $30 no-deposit bonus, Ultra-Low 0.6 pip, swap-free | XM Nigeria Review |
📜 Broker Directory (A–Z)
Exness – Nigeria
Raw account 0 pip + $3.5, unlimited leverage, Flutterwave/Opay payouts under 10 min, FSCA compliant.
Read the full review
FBS – Nigeria
Cent account from ₦ 1 000, CopyTrade mobile app, leverage 1 : 3000, Level-Up $140 promo.
Read the full review
FXTM – Nigeria
Advantage Plus ECN 0 pip + $2/lot, FSCA licence, NGN Instant EFT withdrawals < 30 min.
Read the full review
HFM (HotForex) – Nigeria
Zero-Spread 0 pip + $3, 100 % Hot Bonus, HFcopy social trading, Pidgin support line.
Read the full review
XM – Nigeria
$30 free credit, Ultra-Low 0.6 pip, permanent swap-free mode, Hausa & Pidgin webinars.
Read the full review
🛠️ How the Ratings Are Done
- Regulation & fund segregation – FCA / CySEC / FSCA / IFSC.
- Trading cost – live EURUSD spread + commission (London session).
- Funding speed in NGN – timed deposits & withdrawals via local gateways.
- Execution & slippage – 200 MT5 market orders benchmarked for fill speed.
- Local support & education – 24 / 5 chat, Lagos phone line, weekly webinars.
❓ FAQ
Is offshore forex trading legal for Nigerians?
Yes. While the CBN hasn’t licensed local FX brokers, Nigerians may legally trade CFDs with foreign-regulated platforms.
Who offers a true Islamic account?
XM and HFM provide permanent swap-free accounts with no hidden admin fee.
Fastest local payment method?
Flutterwave Pay-with-Bank or Opay — both credit instantly and charge 0 % fees.
Why only five brokers?
These are the only platforms verified for regulation, low costs and reliable same-day NGN withdrawals after live testing.
📊 Side-by-Side Comparison
Need raw numbers? View spreads, commissions, leverage and funding speed in one grid on the dedicated Broker Comparison page.
🔄 Update Log
- Apr 2025 – XM adds Opay funding.
- Mar 2025 – Exness enables 24/7 NGN withdrawals.
- Feb 2025 – HFM cuts Zero-Spread commission to $3.
(This hub is refreshed quarterly or whenever any broker updates fees or funding methods.)
Choose a broker above, read the deep-dive review for live-spread screenshots and withdrawal videos, then start trading with confidence today.