cTrader 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 (8 of 81 counts · 75 brokers onboarding Nigerian residents)

8of 81

qualify for this ranking

10% of 81

6of 8

scored on all six axes

75% of 8

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;2FxPro4.07unregulated locally; sec nigeria does no · withdrawal in 3 h 3Pepperstone3.86offshore (scb bahamas); not locally sec/ · withdrawal in 24 h

cTrader brokers in Nigeria (8 of 81)

By slice score, formula v1.0. · 8 of 75 brokers in this ranking · all 8

#	Broker	Round turn, USDNG	Min deposit, USDNG	Leverage	Withdrawal, hNG	Score	Founded	Funding
1	FP Markets	6	100 group	500NG	24	4.12	2005	3 methods
2	FxPro	7	100 group	200NG	3	4.07	2006	4 methods · local
3	Pepperstone	7	10 group	200NG	24	3.86	2010	5 methods
4	Errante	6	50	1000NG	24	3.81	2020	5 methods
5	FIBO Group	6	50 group	1000NG	48	3.8	1998	6 methods
6	Fusion Markets	4.8	0	500NG	120	3.64	2017	6 methods
7	LiteFinance	—	50	500NG	24	3.63	2005	4 methods · local
8	RoboForex	5	10 group	2000NG	24	3.49	2009	4 methods

"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.

Pepperstone publishes a retail leverage of 1:200 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 · Execution ECN/raw + standard.

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

Round turn: 7 USD
Withdrawal: within a few hours
NGN account: NGN-denominated accounts reported; also USD, EUR, GBP.
Leverage: 200NG
Accepts residents: through an offshore entity
Onboarding entity: FxPro Markets Direct Costa Rica Latam SRL
Founded: 2006
Register: https://fxscouts.ng/broker/fxpro · 09.07.2026
Group leverage: offshore
Instruments: FX, indices, shares, metals, energies, crypto CFDs.
Platforms: MT5MT4Web
Funding: Local NGN bank transfers, Visa/Mastercard debit cards, e-payments, crypto.
Not served: United States of America, Iran

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

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

Full review of FxPro

3. Pepperstone — offshore (scb bahamas); not locally sec/ · withdrawal in 24 h (score 3.86)

Why it ranks here

Round turn 7 USD against the slice median 6.5 USD. strongest axis round-turn cost 90 of 100. total score 3.86.

Watch for

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

Full review of Pepperstone

What the data shows(8 of 81 distributions · 75 brokers)

Swap-free availability (8 of 81 brokers)

Offered30Not offered14

Admin fee after the free period (8 of 81 swap-free)

Never16After 3–30 days9not published5

Who onboards Nigerian residents (8 of 81 brokers)

Local SEC Nigeria entity20Offshore entity24

NGN account (8 of 81 brokers)

Yes16No23not published5

Platforms the brokers run (75 of 81)

57MetaTrader 4

52MetaTrader 5

13TradingView

9cTrader

4Own platform

Commission per round turn, USD (55 of 81 · median 5.5 USD)

13<2.5

105

307.5

110

1>10

Full list(8 of 81)

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
2FxPro4.07
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
200NG
NGN
Yes
3Pepperstone3.86
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
10 group
Leverage
200NG
NGN
Yes
4Errante3.81
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50
Leverage
1000NG
NGN
Yes
5FIBO Group3.8
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50 group
Leverage
1000NG
NGN
Yes
6Fusion Markets3.64
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
4.8
Min deposit, USD
0
Leverage
500NG
NGN
Yes
7LiteFinance3.63
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Min deposit, USD
50
Leverage
500NG
NGN
Yes
8RoboForex3.49
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
10 group
Leverage
2000NG
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?: 8 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(8 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.