Forex brokers for traders in Nigeria

The local regulator is the Securities and Exchange Commission Nigeria. Below: every broker we review, whether it lists a local licence, which common local payment methods it accepts, and how fast verified traders from Nigeria were paid.

Vantage

No local licence found; served by unconfirmed entities

No common local method confirmed

Trust meter · Score building · 1 of 5 checks done

Regulation –Withdrawals –Trader reviews –Costs –Transparency 10/10

No verified local withdrawal reports yet

IC Markets

No local licence found; served by FSA Seychelles

No common local method confirmed

Trust meter · Score building · 2 of 5 checks done

Regulation 9/30Withdrawals –Trader reviews –Costs –Transparency 10/10

No verified local withdrawal reports yet

Traded from Nigeria? Share your withdrawal time to help other local traders.

Frequently asked questions

Which forex brokers are regulated in Nigeria?

None of the brokers we review lists a licence from the Securities and Exchange Commission Nigeria among the entities we confirmed. Check the Securities and Exchange Commission Nigeria's own register before you open an account.

Who regulates forex brokers in Nigeria?

The Securities and Exchange Commission Nigeria. You can check any firm on its website: https://sec.gov.ng.

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read more