Brokers with a mobile app in Nigeria

Affiliate links: we earn a commission; it never changes scores or order. CFDs are high-risk and leverage can lose you money rapidly.

Key facts (15 of 81 counts · 75 brokers onboarding Nigerian residents)

15of 81

qualify for this ranking

19% of 81

9of 15

scored on all six axes

60% of 15

57of 81

publish a price

70% of 81

53of 81

publish a leverage figure for this country

65% of 81

Top 3 (of 3 ranked)

1OctaFX4.07highest score of the three · not licensed by cbn or nigerian sec; ret · withdrawal in 3 h 2BDSwiss4offshore only; not registered with niger · withdrawal in 24 h 3Traders Trust3.94cheapest priced of the three · unregulated locally; offshore-only · withdrawal in 24 h

Brokers with a mobile app in Nigeria (15 of 81)

By slice score, formula v1.0. · 15 of 75 brokers in this ranking · all 15

#	Broker	Round turn, USDNG	Min deposit, USDNG	Leverage	Withdrawal, hNG	Score	Execution	Founded	Funding
1	OctaFX	9	25 group	1000 groupNG	3	4.07	ECN/raw + standard	2011	1 methods · local
2	Exinity	4	30	2000NG	24	4.02	ECN/raw + standard	1998	2 methods · local
3	BDSwiss	5	10 group	2000NG	24	4	ECN/raw + standard	2012	3 methods
4	Traders Trust	3	50 group	3000NG	24	3.94	ECN/raw + standard	2009	4 methods
5	Capital.com	6	20	200NG	24	3.92	Standard	2016	3 methods
6	Doo Prime	7	0 group	1000NG	24	3.73	ECN/raw + standard	2014	4 methods · local
7	FXGT	6	5	5000 groupNG	72	3.64	ECN/raw + standard	2019	5 methods · local
8	Chaka	—	10	—stated, not verified	96	3.3	—	2019	2 methods · local
9	InstaForex	—	1	1000NG	7	3.28	ECN/raw + standard	2007	4 methods · local
10	NAGA	15	250 group	1000NG	24	3.18	Standard	2015	8 methods · local
11	IG Markets	13.6	0 group	200NG	120	3.14	ECN/raw + standard	1974	3 methods
12	T4Trade	18	50	1000NG	72	3.04	Standard	2021	5 methods
13	PiggyVest	—	—	—stated, not verified	3	—	—	2016	3 methods · local
14	Trove	—	10	—stated, not verified	24	—	—	2018	2 methods · local
15	United Capital Securities	—	—	—stated, not verified	24	—	—	2012	1 methods · local

Ten are shown; the button opens the rest.

"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.

— the broker does not publish this figure; it is not read as a zero and it is not scored.

BDSwiss publishes a retail leverage of 1:2000 without naming the entity that grants it, so the figure is marked group and left out of the leverage ranking and median.

Identical for every row, so it is stated once: Who onboards Local · SEC Nigeria · Swap-free fee none, no limit · NGN account Yes.

1. OctaFX — highest score of the three · not licensed by cbn or nigerian sec; ret · withdrawal in 3 h (score 4.07)

Round turn: 9 USD
Withdrawal: 1-3 hours
NGN account: USD/EUR; no NGN base account verified.
Leverage: 1000 groupNG
Accepts residents: through an offshore entity
Onboarding entity: Octa Markets Ltd
Founded: 2011
Register: https://octabroker.com · 09.07.2026
Group leverage: offshoregroup
Instruments: FX, metals, indices, commodities, crypto & stock CFDs.
Platforms: MT5cTraderWebTradingView
Funding: Naira local bank transfer commonly cited; verify at signup.
Not served: Russia, Cyprus, Belarus, Kazakhstan, Ukraine, Puerto Rico, United States, U.S. Virgin Islands, U.S. Outlying Islands, American Samoa, Northern Mariana Islands, Guam

Reviews25%90
Round-turn cost20%80
Safety10
Payouts15%98
Track record10%75
Platforms65

Why it ranks here

Round turn 9 USD against the slice median 6.5 USD. strongest axis payouts 98 of 100. total score 4.07.

Watch for

Payouts axis 58 of 100; e-wallet times not published.

Full review of OctaFX

2. BDSwiss — offshore only; not registered with niger · withdrawal in 24 h (score 4)

Round turn: 5 USD
Withdrawal: 24 hours to 5 business days
NGN account: Primarily USD and EUR; no verified NGN account.
Leverage: 2000NG
Licence: SEC Nigeria C116016172
Accepts residents: through an offshore entity
Onboarding entity: Nigerian clients are onboarded under the offshore entity BDSwiss (Seychelles) Ltd (FSA) / BDS Markets (FSC Mauritius).
Founded: 2012
Register: https://global.bdswiss.com/account-types · 09.07.2026
Group leverage: offshore
Instruments: 250+ CFDs: forex, shares, indices, commodities and 26+ cryptocurrencies.
Platforms: MT5MT4Web
Funding: Cards, bank/wire and e-wallets; Nigeria-specific local rails not verified at review.
Not served: United States, United Kingdom, European Union countries, Canada, Japan, North Korea, Iran, Syria

Why it ranks here

Round turn 5 USD against the slice median 6.5 USD. strongest axis round-turn cost 100 of 100. total score 4.

Watch for

Min deposit 200 USD, double the Nigeria median of 50; withdrawal time not published.

Full review of BDSwiss

3. Traders Trust — cheapest priced of the three · unregulated locally; offshore-only · withdrawal in 24 h (score 3.94)

Why it ranks here

Round turn 3 USD against the slice median 6.5 USD. strongest axis round-turn cost 100 of 100. total score 3.94.

Watch for

Onboards Nigerian residents through an offshore entity: no SEC Nigeria licence, no SEC Nigeria complaints route, no NGN account.

Full review of Traders Trust

What the data shows(15 of 81 distributions · 75 brokers)

Swap-free availability (15 of 81 brokers)

Offered30Not offered14

Admin fee after the free period (15 of 81 swap-free)

Never16After 3–30 days9not published5

Who onboards Nigerian residents (15 of 81 brokers)

Local SEC Nigeria entity20Offshore entity24

NGN account (15 of 81 brokers)

Yes16No23not published5

Own mobile app published (81 of 81)

77Yes

4No

Platforms the brokers run (75 of 81)

57MetaTrader 4

52MetaTrader 5

13TradingView

9cTrader

4Own platform

Full list(15 of 81)

1OctaFX4.07
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
25 group
Leverage
1000 groupNG
NGN
Yes
2Exinity4.02
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
4
Min deposit, USD
30
Leverage
2000NG
NGN
Yes
3BDSwiss4
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
10 group
Leverage
2000NG
NGN
Yes
4Traders Trust3.94
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
3
Min deposit, USD
50 group
Leverage
3000NG
NGN
Yes
5Capital.com3.92
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
20
Leverage
200NG
NGN
Yes
6Doo Prime3.73
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
0 group
Leverage
1000NG
NGN
Yes
7FXGT3.64
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
5
Leverage
5000 groupNG
NGN
Yes
8Chaka3.3
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Min deposit, USD
10
NGN
Yes
9InstaForex3.28
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Min deposit, USD
1
Leverage
1000NG
NGN
Yes
10NAGA3.18
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
15
Min deposit, USD
250 group
Leverage
1000NG
NGN
Yes
11IG Markets3.14
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
13.6
Min deposit, USD
0 group
Leverage
200NG
NGN
Yes
12T4Trade3.04
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
18
Min deposit, USD
50
Leverage
1000NG
NGN
Yes

How to read this ranking

Start with the figure this page ranks on.
Every row here is ordered by computed score, highest first; unscored brokers follow. A broker that publishes no figure is shown without one rather than guessed at.
Check which company would onboard you.
The same brand can take a resident of Nigeria through a locally licensed entity or an offshore one, and the leverage cap, the complaint route and the protection all follow the entity, not the brand.
Read the cost beside the deposit.
The median round turn across this country is 6.5 USD and the median minimum deposit 20.0 USD; a low deposit beside a wide spread takes the difference back on every trade.

Neighbouring slices(6 rankings · 6 explainers)

Same country

Explained

FAQ

How many brokers qualify for this ranking in Nigeria?: 15 of 81 brokers measured for this country qualify.
Which broker leads it, and on what basis?: OctaFX leads it with a score of 4.07. The order is computed score, highest first; unscored brokers follow.
What does a trade typically cost here?: The median round turn - spread plus commission for one standard lot, in and out - is 6.5 USD across the brokers that publish both parts.
Why do some rows show a dash instead of a figure?: Because the broker does not publish that figure for this country. A dash is a statement about what is published, and a figure is never filled in from a group-wide page as if it applied locally.

How this slice is scored

Slice score = 2 + 3 × weighted mean of the six axes; the swap-free fee and availability feed price and reliability. A missing axis drops out and weights are renormalised; group-wide figures never enter. Full methodology

Verified · What changed · Sources(15 of 81 broker records)

Verified01.10.2026

data re-captured 28.09.2026

Risk warning and affiliate disclosure

CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A swap-free account removes overnight interest, not market risk. We earn a commission on some links; paid rows are marked and never ranked first.