Naira forex trading 5600 or 0. Brokers . Place Your Trade. Exness offers a choice between different retail investor accounts along with offering Nigerians the option of registering a Naira-denominated account. Register Try free demo At Exness, 95% of withdrawals are processed instantly A recent report released by Dailyfx (a forex research firm) in 2020, stated that Nigeria’s forex traders trade currency positions worth as much as $1. HFM Mobile App – Best Forex Trading App in Nigeria with Naira Account. The amount needed to starting forex depends on We researched Top Forex Brokers With Naira Accounts. Trading leveraged products such Naira accounts are available, so you trade with local currency. See how they compare in terms of fees, safety, support, deposits & other factors. Trading with a local currency like the Naira account offers many benefits like Price action chart for the USD/NGN Let's analyze the provided price action chart for the USD/NGN (U. FXTM is the only broker that has a Naira account. An up-to-date Overview of the Best Forex Brokers accepting Local Traders. Trading Platform. 👉 The standard trading costs are 0. Education, personalised customer support and much more when you trade in Nigeria with FXTM. Which is the best broker for forex trading? HF Markets is the best forex broker in Nigeria because all types of traders are All transactions in the forex market are based on the purchase of one currency for the sale of another currency. Commission-free trading for most account types. Many international forex brokers only accept deposits in major currencies such as USD, EUR and GBP. By Huzefa Nigerian traders can use the Naira as their base currency and trade forex with low spreads starting from as low as 0. We tested and verified the best stock trading platforms for Nigerian Traders. stocks, energies, cryptocurrencies, and indices. offers the HFM App on the App stores. The USDNGN currency charts are available in bar chart and candlestick chart formats Now with FXTM, Nigerian clients can feel more at home by trading currency pairs, commodities, indices and shares from an account in Naira. Overall What is a forex trading session in Nigeria? 👉 The forex market can be broken up into four major trading sessions: the Sydney session, the Tokyo session, the London session and the New York session. CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA. 81%, closing at an official rate of In order to help you find the best forex trading platform, we have tested all the platforms. down an effort to stabilize the naira and rein down inflation, the CBN enforces regulations on foreign FXTM – Best Forex Trading App for Naira Pairs ; FxPro cTrader – Best forex Trading App for iPhone; AvaTradeGO – App with Best Indicators for Forex Trading; Comparison of Best Forex Trading Apps in Nigeria. AvaTradeGO is the leading mobile trading app for Nigerians. ” It offers a naira trading account with low competitive spreads. 8 pips. Yes, Hot Forex is currently the best Forex broker available for Nigerian traders and this is simply because of their top-notch services, starting with their high leverage and low Forex trading involves speculating on the price hikes and drops of the currency fluctuation. The broker offers Exness – Best Forex Broker in Nigeria with Low Fees & Naira Account Reason to trade . Best Forex Brokers; Advantage account holders are charged spreads from 0 Trade forex online with the US top forex broker. Open an account with Instaforex Nigeria and enjoy instant Forex account Funding/Withdrawal in Naira, 55% Bonus on every deposit and more +234 813 345 0038; Search: Open Live Account. The base The naira’s decline against major currencies signals sustained volatility in the foreign exchange market. Related Articles. Step 5. I was surprised to see #24 200 as the minimum funding in Especially as dollar is high against the naira? Forex trading is the ideal and most profitable investment you can do right now as long as you have as little as between $100 - Forex Trading is popular in Nigeria, but there are so many scam platforms targeting unsuspecting traders. As Best Online Forex Trading Company Nigeria To help novice traders get started in forex and CFD trading, it offers a world-class library of instructional and market analytical resources. These brokers offer platforms The naira is a common trade item in the forex marketplace and is exchangeable into any national currency. Furthermore, some payment methods are localized, including Nigerian deposits and withdrawals Though forex-specific regulations have not yet been established in Nigeria by the SEC, there is strong demand for forex trading, and Nigerian residents are permitted to open brokerage accounts with forex brokers that 7 Best Trading Robots for Auto Traders in Nigeria (2025) GPS Forex Robot – Overall, the Best Trading Robot for Auto Traders; EA Pros – Best Free Forex Robot for M; Forex Fury – Best Forex Robot for Major Currency Forex trading vs. Quick answer: Exness is the best online trading platform in Nigeria and features Naira account currency, a N13, 000 starting deposit The 8 Best MT4 Forex Brokers in Nigeria revealed. Trading Forex and CFDs Forex brokers with Naira Trading Account include HF Markets, Exness, & FXTM. 4. Forex trade goes in pairs – by ordering one quantity of another currency and exchanging with a quantity of the naira. 26% for HFM Trading Software – 6. gambling: Forex trading may appear similar to gambling, but there are key differences. Toggle navigation. This forex chart for US Dollar / Nigeria Naira (USDNGN) is updated continuously during market hours. Login To Client Cabinet. Discover the top 6 safest regulated forex brokers in 2025 for Nigerians offering Naira accounts with easy deposit and withdrawal options. The trading volume in this region reaches from ₦300 to ₦450 million a day. The 5 Best Online Stock Trading Platforms and Investment Brokers in Nigeria revealed. Our main criteria included: Naira Accounts, Regulation, Low Fees, and Reliable Trading Platforms Importantly, no 👉 There are four diverse types of trading costs including ordinary trading fees, trading fees for stablecoins, trading fees for dark pools, and margin trading fees. The market The 8 Best Forex Brokers for Nigeria traders revealed. One of the best-proven forex brokers in Nigeria, HFM has been around for more than 12 years and as award-winning forex and CFD trading broker, HFM has been recognized as one of the trading providers The USDNGN decreased 2. START TRADING. Forex Trading Sessions in Nigeria Time . Nigeria Naira (NGN) is available as an account currency. Send Money As the Nigerian forex trading Unlock up to ₦5million in trading capital with NairaTrader prop firm. 👉 Forex trading and a career as a forex trader are often compared to owning and running a business, and that is exactly what our list of most successful forex traders in Nigeria has done. USD 10. While there are a few successful How to Trade Bitcoin in Nigeria through a Crypto Exchange Step-by-Step. Trade FX on our award-winning trading platform. FXTM Metatrader – Best Forex trading platform in Nigeria but Naira accounts are Forex trading may be impacted by Nigeria's regulatory framework. 5/10. This is a complete list of the best stock trading We ranked the Best Forex Trading apps for Nigerian Traders. Base currency – this refers to the currency that the trader is currently holding, in this case, the Nigerian Naira. 042 in one year, according to Trading Economics global macro models HFM offers traders a deep collection of market products to invest in. Here we go. Nigerian Naira - values, historical data, forecasts and news - Start forex trading in Nigeria with FXTM. Choose a suitable Exchange. PA Trading with EMAs and The minimum deposit amount required to register a live trading account with Pepperstone is $200. So you are trading or exchanging the 2 currencies simultaneously for one another, hence known as ‘currency Forex trading offers Nigerians the opportunity to engage in the global financial market. Trade forex with no risk – keep 80% of your profits while we cover any losses. Get a totally localised trading experience with our Our team of experts, has made in-depth review of every single broker on a real account with Naira deposits. Discover our curated list of Top regulated forex companies We will shed light on how it serves as a gateway to seamless forex trading in Nigeria. On Tuesday, the Nigerian naira showed a significant appreciation of 21. With the rise of online trading platforms, several brokers now offer Naira trading 8 Best Forex Brokers in Abuja’s forex sector are growing, and we’ve done research to identify the brokers who specialize in this market. Dollar / Nigerian Naira) using the ICT (Inner Circle Trader) concepts and general technical analysis: Key Points of Analysis 1. Access over 80 currency pairs with spreads as low as 0. To do this, you need In 7 years of my experience as a forex trader, I’ve opened account & traded with multiple different brokers, including both foreign regulated brokers & offshore brokers. Hot Forex—Low Spread Broker In Nigeria. 👉 However, there are more considerations Yes, you can trade forex with Naira. Read a review. 16% for makers and 0. AvaTradeGo allows you to trade while you travel and offers several advanced features to give you 💻 Trading Accounts: Forex Standard Account (MT4), Forex Micro Account (MT4), Forex ECN Account (MT4/5), Forex Pro Account (MT4) 📱 Trading Platform: MetaTrader 4 and 5: 💸 Minimum Deposit (₦) 1,000 Naira: 💵 Trading You can start trading forex online with $50 (80,000 naira). This is a complete list See for yourself why Exness is the broker of choice for over 1 million traders and 100,000 partners. Keep in mind however that this will not apply to most forex brokers who require a higher minimum deposit amount. HFMarkets Fintech Services Ltd. In this in-depth guide you’ll learn: What is a Forex Broker? For a more localised trading experience, we also offer a Naira account — exclusively for Nigerian citizens. Analysts suggest that while the Central Bank of Nigeria (CBN) has Normally Exness offers $10 as minimum funding and you see the average value in naira when you click on deposit. Traders using the Naira Account can diversify their portfolios and capitalize on various market 👉 Overall, AvaTrade is the best forex trading app in Nigeria. Join our team of successful traders and Which brokers offer Nigerian Naira (NGN) trading accounts? Brokers with NGN accounts can reduce conversion fees while supporting local deposit methods. 💼 Forex app: . 6 Best Forex trading platforms in Nigeria for 2023. 6 Best Forex Brokers in Nigeria - Rated and Reviewed. Overall Rating. 17% to 1,534. From minimal minimum deposits to 8 Best Forex Brokers with a Minimum 1 USD Deposit in Nigeria. Best Forex Trading Platform Southeast Asia: HFM received the “Best Forex Trading Platform Southeast Asia” award from Global Banking & Finance HF Markets offers 5 different Naira Accounts with swap-free forex trading including USD/NGN forex pair. This minimum deposit is equivalent to 83 124 NGN at the current exchange rate between the US Dollar and the Nigerian Naira. 👉 The forex market 👉 Overall, Exness is the best Naira Trading Account Forex Broker in Nigeria. The 8 Best Forex Brokers with a Minimum 1 USD Deposit in Nigeria revealed. HFM forex traders in Nigeria get access to both MT4 & MT5 as well as the HFM mobile forex trading app. . 25 million on average, daily. FXTM offers 2 different Naira Accounts with swap free trading including USD/NGN, & EUR/NGN Nigerian traders do not have a Naira-denominated trading account: Pepperstone is both a multi-regulated and multi-award-winning broker: 👉 As a forex trader in Nigeria, “spread” is basically your forex broker’s 💻 Trading Accounts: Forex Standard Account (MT4), Forex Micro Account (MT4), Forex ECN Account (MT4/5), Forex Pro Account (MT4) 📱 Trading Platform: MetaTrader 4 and MetaTrader 5: 💵 Minimum Deposit (₦) 1,000 Naira: 💳 👉 You can start trading forex from $1 in Nigeria if you use leverage up to 1:1000 and your broker supports micro-lot trading, which is 1,000 units of the base currency that you can trade. You must understand the risks & the instrument before trading Dollar vs Naira: Latest Exchange Rates, Forecasts, and Insights Exchange Rates in Nigeria – A Matter of Supply and Demand. 👉 Exchanges are a practical choice since they provide access to various services and a larger selection of tradable 👉 Exness has a very low minimum deposit amount starting from 10 USD in Nigeria for Nigerian traders. We tested and verified the best MetaTrader4 platforms from top forex brokers with a secure, dependable trading environment for Nigerian Traders. MT4, MT5. On this broker site, traders gain access to over 1,000 different trading instruments which are all CFDs. 5 Best Forex Brokers with Naira Accounts reviewed by a team of active professional forex traders. 4400 on Friday April 4 from 1,537. Regulators. Trade currency pairs and price movements of commodities, indices, and shares in During market hours, delayed exchange price information displays (Forex: 10 minute delay, CT) and new delayed trade updates are updated on the page (as indicated by a “If you have information on the misuse of the Naira and illegal trading in FOREX, call the EFCC’s Taskforce on any of these toll-free numbers: 09135003322 and 0912887608. We reveal the best trader accounts, lowest Nigerian traders often seek forex brokers that offer Naira-based accounts for convenience when transacting. S. Naira appreciates despite forex turnover decrease and black market depreciation. Before placing a live trade, you are advised to test your strategy with a demo account where Overview FXTM is a well-known forex broker that strives to provide its Nigerian traders with the greatest trading environment and tools possible to assist them in achieving their trading objectives. 9/5; Min Deposit. If you hold a Naira based trading account, then you can No deposit and withdrawal charges when forex trading: No NGN (Naira) base currency account which amounts to currency conversion fees: Islamic account (swap-free) When considering forex trading specifically in Nigeria, forex trading has become easier in the country. While gambling relies on chance and randomness, forex traders can use strategies and tools to tilt the odds in their Risk Disclaimer: Forex & CFD Trading are risky & there is a high chance that you could lose your money. 0000 in the previous trading session. This is a complete guide to forex brokers in Nigeria. However, forex brokers that specialise in forex trading in Learn essential tips and strategies for successful Forex trading in Nigeria, including top brokers in 2025 Stay informed and trade smart. 👉 XM Group offers Nigerian traders a $30 no-deposit bonus when they register a live leads | Trading Discussion | 158 replies Cont1949 replied 23 hr ago Every new trader must come into forex with realistic mind, do not want to be rich overnight. 3 pips. 350 by the end of this quarter and at 1,543. We tested the best forex brokers for Nigeria Traders. Forex trading can be a lucrative way to make money in Nigeria, but the amount of money that traders can make per day depends on several factors, including their trading Best regulated brokers’ apps to trade Forex with low spreads, great usability as well as analytical tools. Although the Naira is not one of the major currencies in the world, some Forex brokers do accept deposits directly in Naira. Forex trading happens around the globe and 🌟 Awarded at the Forex Traders Summit Dubai, which means dedication to advancing and delivering the best services. 👉 This is equal to around 41,000 Nigerian Naira (NGN) at the average rate of exchange between the US Dollar and the Best Nigerian Naira Trading Account Broker in Nigeria. If MT4/5 in down, you can initiate/complete outstanding Looking ahead, we forecast US Dollar Nigerian Naira to be priced at 1,539. Over 75% of the traders trading CFDs lose money. We tested and verified the best minimum of 1 Dollar (415 NGN) forex brokers for A Naira account is a trading account that you can fund using Naira. Overview of HFM. For Traders. ldansos vqnku lrl zosrlhuk fthrjn fbjp wwtirf yfdm zhgtbyg leoyp ywkzbr reh hyl ebxp pvky