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5 Best Regulated Forex Brokers in Nigeria (2021)

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View a list of the five best forex trading brokers for Nigerian traders.

1.     XM

XM is a multi-regulated broker which operates from Australia, Cyprus, Belize, and the United Kingdom in offering traders from around the world with some of the best trading solutions.

XM is an ECN and STP broker which offers high leverage up to 1:880, competitive and various spreads, low commissions from $0 and $3.5, and a variety of financial instruments which can be traded through MetaTrader 4 or MetaTrader 5.

In addition, XM already has more than 2.5 million registered traders from 196 countries, providing it with global coverage in offering trading services says Louis Schoeman from Forexsuggest.com

2.     FXTM

FXTM was established in 2011 and is a multi-regulated, reputable ECN and STP broker with offices in the United Kingdom, Cyprus, South Africa, and Mauritius.

FXTM offers its clients with comprehensive trading solutions and competitive trading conditions consisting of leverage up to 1:300, variable and tight spreads, low commission charges, and powerful trading platforms such as MetaTrader 4 and 5, and the FXTM Trader App.

FXTM offers more than 250 financial instruments from several asset classes which can be traded, good execution speeds, advanced trading tools, additional risk protection, and some of the best security to provide traders with a safe, dynamic trading experience.

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3.     PaxForex

PaxForex has been in operation since 2011 and is a STP broker based in St. Vincent and the Grenadines. Formed by a group of professionals, PaxForex works with the aim of providing traders from across the world with some of the best trading services.

PaxForex offers competitive trading conditions, high leverage, a variety of tradable financial instruments, and the use of powerful and user-friendly trading platforms.

In addition, traders are offered with a flexible and reliable trading environment and liquidity which is sourced from premium banks such as Barclays, Goldman Sachs, and several others.

4.     Alpari

Alpari is an established STP and ECN broker which has strict regulation and authorization through FSC and FSA. Alpari serves more than 2 million traders originating from more than 150 countries as part of its global reach.

Alpari was established in 1998 and is headquartered in Mauritius, with offices based in St. Vincent and the Grenadines, Russia, and Nigeria. There are also numerous other offices which are operated by partners in several other jurisdictions.

Alpari offers competitive trading conditions and has won numerous international rewards for outstanding services. Alpari offers a variety of tradable financial instruments spread across several asset classes, which can be traded through MetaTrader 4 and 5.

5.     RoboForex

RoboForex is a Belize-based Market Maker, ECN, and STP broker which offers traders from around the world the trade in more than 9,400 financial instruments.

In addition, RoboForex also provides traders with a choice in a variety of tailormade accounts, flexible trading platforms, trading tools, in-depth market analysis, and more.

When trading with RoboForex, traders can be assured that they are receiving some of the best trading conditions and solutions. RoboForex offers traders with negative balance protection, reliable payment methods, and the knowledge that the broker is part of the Financial Commission.

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