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MetaTrader 5 brokers 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 (49 of 81 counts · 75 brokers onboarding Nigerian residents)

49of 81
qualify for this ranking
60% of 81
39of 49
scored on all six axes
80% of 49
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)

1FP Markets4.12highest score of the three · cheapest priced of the three · offshore/unregulated locally in nigeria;2OctaFX4.07not licensed by cbn or nigerian sec; ret · withdrawal in 3 h3FxPro4.07unregulated locally; sec nigeria does no · withdrawal in 3 h

MetaTrader 5 brokers in Nigeria (49 of 81)

By slice score, formula v1.0. · 49 of 75 brokers in this ranking · all 49
#BrokerRound turn, USDNGMin deposit, USDNGLeverageWithdrawal, hNGScoreExecutionFoundedFunding
1
6100 group500NG244.12ECN/raw + standard20053 methods
2
925 group1000 groupNG34.07ECN/raw + standard20111 methods · local
3
7100 group200NG34.07ECN/raw + standard20064 methods · local
4
4.20 group200NG244.03ECN/raw + standard20014 methods
5
4302000NG244.02ECN/raw + standard19982 methods · local
6
510 group2000NG244ECN/raw + standard20123 methods
7
5100 group3000NG243.98ECN/raw + standard20077 methods · local
8
31 group500NG243.97ECN/raw + standard20057 methods
9
620200NG243.92Standard20163 methods
10
60 group2000NG243.92ECN/raw + standard20108 methods · local
11
650 group500NG483.91ECN/raw + standard20054 methods
12
710 group200NG243.86ECN/raw + standard20105 methods
13
750500NG243.84ECN/raw + standard20104 methods
14
7100 group500NG243.84ECN/raw + standard20167 methods
15
710 group1000NG243.84ECN/raw + standard20083 methods
16
6501000NG243.81ECN/raw + standard20205 methods
17
9100 group400 groupNG243.81Standard20063 methods · local
18
650 group1000NG483.8ECN/raw + standard19986 methods
19
7100200NG243.8ECN/raw + standard20104 methods
20
7100 group1000NG243.77ECN/raw + standard20136 methods
21
31 group—stated, not verified0.53.77ECN/raw + standard20234 methods · local
22
8303000NG243.76ECN/raw + standard19986 methods · local
23
70 group1000NG243.73ECN/raw + standard20144 methods · local
24
650500NG723.7ECN/raw + standard20206 methods · local
25
75 group1000NG243.67ECN/raw + standard20095 methods
26
6103000NG483.67ECN/raw + standard20123 methods · local
27
70 group500NG483.66ECN/raw + standard20075 methods · local
28
6102000NG0.173.66ECN/raw + standard20045 methods · local
29
4.80500NG1203.64ECN/raw + standard20176 methods
30
655000 groupNG723.64ECN/raw + standard20195 methods · local
31
7100 group500NG483.63ECN/raw + standard20094 methods
32
—50500NG243.63ECN/raw + standard20054 methods · local
33
7501000NG243.63ECN/raw + standard20195 methods
34
135 group3000NG243.63Standard20093 methods · local
35
—300 group500NG13.61—20154 methods · local
36
5.5101000NG1203.55ECN/raw + standard20146 methods
37
6100 group500NG723.51ECN/raw + standard20153 methods
38
510 group2000NG243.49ECN/raw + standard20094 methods
39
750100NG243.48ECN/raw + standard20102 methods
40
910 group1000NG483.4ECN/raw + standard—4 methods
41
3.510 group2000NG243.33ECN/raw + standard20113 methods · local
42
910 group500NG243.29ECN/raw + standard20063 methods
43
—11000NG73.28ECN/raw + standard20074 methods · local
44
181001000NG2403.25ECN/raw + standard20085 methods
45
15250 group1000NG243.18Standard20158 methods · local
46
3.112000NG1203.11ECN/raw + standard20064 methods · local
47
2015 group500NG483.06ECN/raw + standard20156 methods · local
48
—300 group—stated, not verified———2007—
49
—1 group400NG72—ECN/raw + standard20065 methods
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.

Eightcap publishes a retail leverage of 1:500 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. FP Markets — highest score of the three · cheapest priced of the three · offshore/unregulated locally in nigeria; (score 4.12)

Round turn
6 USD
Withdrawal
1 business day
NGN account
USD/EUR/GBP/AUD and others; no NGN-denominated account.
Leverage
500NG
Accepts residents
through an offshore entity
Onboarding entity
FP Markets LLC
Founded
2005
Register
https://fpmarkets.com/regulation · 09.07.2026
Group leverage
offshoregroup
Instruments
10,000+ CFDs: 60+ FX pairs, indices, commodities, shares, ETFs, bonds and crypto CFDs.
Platforms
MT5cTraderWebTradingView
Funding
Cards, bank wire and e-wallets; local NGN bank transfer availability not verified at review.
Not served
United States of America, Japan, North Korea, Iran, Iraq, Belgium, Canada
  • Reviews25%90
  • Round-turn cost20%95
  • Safety0
  • Payouts15%80
  • Track record10%100
  • Platforms70
Why it ranks here

Round turn 6 USD against the slice median 6.5 USD. strongest axis track record 100 of 100. total score 4.12.

Watch for

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

Full review of FP Markets

2. OctaFX — 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
offshore
Instruments
FX, metals, indices, commodities, crypto & stock CFDs.
Platforms
MT5MT4Web
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
    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

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

    Full review of OctaFX

    3. FxPro — unregulated locally; sec nigeria does no · withdrawal in 3 h (score 4.07)

      Why it ranks here

      Round turn 7 USD against the slice median 6.5 USD. strongest axis track record 100 of 100. total score 4.07.

      Watch for

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

      Full review of FxPro

      What the data shows(49 of 81 distributions · 75 brokers)

      Swap-free availability (49 of 81 brokers)

      68%30/44
      Offered30Not offered14

      Admin fee after the free period (49 of 81 swap-free)

      53%16/30
      Never16After 3–30 days9not published5

      Who onboards Nigerian residents (49 of 81 brokers)

      45%20/44
      Local SEC Nigeria entity20Offshore entity24

      NGN account (49 of 81 brokers)

      36%16/44
      Yes16No23not published5

      Platforms the brokers run (75 of 81)

      57MetaTrader 4
      52MetaTrader 5
      13TradingView
      9cTrader
      4Own platform

      Round turn, one lot, USD (57 of 81 · median 6.5 USD)

      9<5
      4110
      315
      320
      1>20

      Full list(49 of 81)

      1. 1FP Markets4.12
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        100 group
        Leverage
        500NG
        NGN
        Yes
      2. 2OctaFX4.07
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        9
        Min deposit, USD
        25 group
        Leverage
        1000 groupNG
        NGN
        Yes
      3. 3FxPro4.07
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        100 group
        Leverage
        200NG
        NGN
        Yes
      4. 4ActivTrades4.03
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        4.2
        Min deposit, USD
        0 group
        Leverage
        200NG
        NGN
        Yes
      5. 5Exinity4.02
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        4
        Min deposit, USD
        30
        Leverage
        2000NG
        NGN
        Yes
      6. 6BDSwiss4
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        5
        Min deposit, USD
        10 group
        Leverage
        2000NG
        NGN
        Yes
      7. 7AMarkets3.98
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        5
        Min deposit, USD
        100 group
        Leverage
        3000NG
        NGN
        Yes
      8. 8FXOpen3.97
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        3
        Min deposit, USD
        1 group
        Leverage
        500NG
        NGN
        Yes
      9. 9Capital.com3.92
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        20
        Leverage
        200NG
        NGN
        Yes
      10. 10HFM3.92
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        0 group
        Leverage
        2000NG
        NGN
        Yes
      11. 11MultiBank Group3.91
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        50 group
        Leverage
        500NG
        NGN
        Yes
      12. 12Pepperstone3.86
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        10 group
        Leverage
        200NG
        NGN
        Yes
      13. 13ThinkMarkets3.84
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        50
        Leverage
        500NG
        NGN
        Yes
      14. 14Blueberry Markets3.84
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        100 group
        Leverage
        500NG
        NGN
        Yes
      15. 15NordFX3.84
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        10 group
        Leverage
        1000NG
        NGN
        Yes
      16. 16Errante3.81
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        50
        Leverage
        1000NG
        NGN
        Yes
      17. 17AvaTrade3.81
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        9
        Min deposit, USD
        100 group
        Leverage
        400 groupNG
        NGN
        Yes
      18. 18FIBO Group3.8
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        50 group
        Leverage
        1000NG
        NGN
        Yes
      19. 19FXChoice3.8
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        100
        Leverage
        200NG
        NGN
        Yes
      20. 20TMGM3.77
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        100 group
        Leverage
        1000NG
        NGN
        Yes
      21. 21Headway3.77
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        3
        Min deposit, USD
        1 group
        NGN
        Yes
      22. 22Alpari3.76
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        8
        Min deposit, USD
        30
        Leverage
        3000NG
        NGN
        Yes
      23. 23Doo Prime3.73
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        0 group
        Leverage
        1000NG
        NGN
        Yes
      24. 24Vantage3.7
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        50
        Leverage
        500NG
        NGN
        Yes
      25. 25XM3.67
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        5 group
        Leverage
        1000NG
        NGN
        Yes
      26. 26JustMarkets3.67
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        10
        Leverage
        3000NG
        NGN
        Yes
      27. 27Axi3.66
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        0 group
        Leverage
        500NG
        NGN
        Yes
      28. 28FreshForex3.66
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        10
        Leverage
        2000NG
        NGN
        Yes
      29. 29Fusion Markets3.64
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        4.8
        Min deposit, USD
        0
        Leverage
        500NG
        NGN
        Yes
      30. 30FXGT3.64
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        5
        Leverage
        5000 groupNG
        NGN
        Yes
      31. 31Eightcap3.63
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        100 group
        Leverage
        500NG
        NGN
        Yes
      32. 32LiteFinance3.63
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Min deposit, USD
        50
        Leverage
        500NG
        NGN
        Yes
      33. 33Moneta Markets3.63
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        50
        Leverage
        1000NG
        NGN
        Yes
      34. 34FBS3.63
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        13
        Min deposit, USD
        5 group
        Leverage
        3000NG
        NGN
        Yes
      35. 35Milton Prime3.61
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Min deposit, USD
        300 group
        Leverage
        500NG
        NGN
        Yes
      36. 36XChief3.55
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        5.5
        Min deposit, USD
        10
        Leverage
        1000NG
        NGN
        Yes
      37. 37VT Markets3.51
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        100 group
        Leverage
        500NG
        NGN
        Yes
      38. 38RoboForex3.49
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        5
        Min deposit, USD
        10 group
        Leverage
        2000NG
        NGN
        Yes
      39. 39Amana Capital3.48
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        50
        Leverage
        100NG
        NGN
        Yes
      40. 40Scope Markets3.4
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        9
        Min deposit, USD
        10 group
        Leverage
        1000NG
        NGN
        Yes
      41. 41FXTM3.33
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        3.5
        Min deposit, USD
        10 group
        Leverage
        2000NG
        NGN
        Yes
      42. 42Grand Capital3.29
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        9
        Min deposit, USD
        10 group
        Leverage
        500NG
        NGN
        Yes
      43. 43InstaForex3.28
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Min deposit, USD
        1
        Leverage
        1000NG
        NGN
        Yes
      44. 44IronFX3.25
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        18
        Min deposit, USD
        100
        Leverage
        1000NG
        NGN
        Yes
      45. 45NAGA3.18
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        15
        Min deposit, USD
        250 group
        Leverage
        1000NG
        NGN
        Yes
      46. 46Weltrade3.11
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        3.1
        Min deposit, USD
        1
        Leverage
        2000NG
        NGN
        Yes
      47. 47ForexMart3.06
        Onboards
        Local · SEC Nigeria
        Swap-free
        none, no limit
        Round turn, USD
        20
        Min deposit, USD
        15 group
        Leverage
        500NG
        NGN
        Yes

      How to read this ranking

      1. 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.

      2. 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.

      3. 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?
      49 of 81 brokers measured for this country qualify.
      Which broker leads it, and on what basis?
      FP Markets leads it with a score of 4.12. 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(49 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.