Gold (XAU/USD) 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 (37 of 81 counts · 75 brokers onboarding Nigerian residents)

37of 81

qualify for this ranking

46% of 81

33of 37

scored on all six axes

89% of 37

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 2FxPro4.07unregulated locally; sec nigeria does no · withdrawal in 3 h 3ActivTrades4.03cheapest priced of the three · offshore (bahamas scb); no local sec nig · withdrawal in 24 h

Gold (XAU/USD) brokers in Nigeria (37 of 81)

By slice score, formula v1.0. · 37 of 75 brokers in this ranking · all 37

#	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	FxPro	7	100 group	200NG	3	4.07	ECN/raw + standard	2006	4 methods · local
3	ActivTrades	4.2	0 group	200NG	24	4.03	ECN/raw + standard	2001	4 methods
4	AMarkets	5	100 group	3000NG	24	3.98	ECN/raw + standard	2007	7 methods · local
5	Traders Trust	3	50 group	3000NG	24	3.94	ECN/raw + standard	2009	4 methods
6	HFM	6	0 group	2000NG	24	3.92	ECN/raw + standard	2010	8 methods · local
7	Pepperstone	7	10 group	200NG	24	3.86	ECN/raw + standard	2010	5 methods
8	ThinkMarkets	7	50	500NG	24	3.84	ECN/raw + standard	2010	4 methods
9	Blueberry Markets	7	100 group	500NG	24	3.84	ECN/raw + standard	2016	7 methods
10	NordFX	7	10 group	1000NG	24	3.84	ECN/raw + standard	2008	3 methods
11	Errante	6	50	1000NG	24	3.81	ECN/raw + standard	2020	5 methods
12	FIBO Group	6	50 group	1000NG	48	3.8	ECN/raw + standard	1998	6 methods
13	Mitrade	4	20	200NG	48	3.79	Standard	2011	—
14	TMGM	7	100 group	1000NG	24	3.77	ECN/raw + standard	2013	6 methods
15	Headway	3	1 group	—stated, not verified	0.5	3.77	ECN/raw + standard	2023	4 methods · local
16	Doo Prime	7	0 group	1000NG	24	3.73	ECN/raw + standard	2014	4 methods · local
17	Vantage	6	50	500NG	72	3.7	ECN/raw + standard	2020	6 methods · local
18	XM	7	5 group	1000NG	24	3.67	ECN/raw + standard	2009	5 methods
19	JustMarkets	6	10	3000NG	48	3.67	ECN/raw + standard	2012	3 methods · local
20	Axi	7	0 group	500NG	48	3.66	ECN/raw + standard	2007	5 methods · local
21	FreshForex	6	10	2000NG	0.17	3.66	ECN/raw + standard	2004	5 methods · local
22	FXGT	6	5	5000 groupNG	72	3.64	ECN/raw + standard	2019	5 methods · local
23	Eightcap	7	100 group	500NG	48	3.63	ECN/raw + standard	2009	4 methods
24	Moneta Markets	7	50	1000NG	24	3.63	ECN/raw + standard	2019	5 methods
25	FBS	13	5 group	3000NG	24	3.63	Standard	2009	3 methods · local
26	FXCM	7.5	50 group	400NG	72	3.6	ECN/raw + standard	1999	5 methods · local
27	XChief	5.5	10	1000NG	120	3.55	ECN/raw + standard	2014	6 methods
28	VT Markets	6	100 group	500NG	72	3.51	ECN/raw + standard	2015	3 methods
29	RoboForex	5	10 group	2000NG	24	3.49	ECN/raw + standard	2009	4 methods
30	Trade Nation	6	0	200NG	120	3.41	Standard	2014	3 methods · local
31	Scope Markets	9	10 group	1000NG	48	3.4	ECN/raw + standard	—	4 methods
32	CMTrading	8	100	200NG	72	3.35	ECN/raw + standard	2012	6 methods · local
33	IronFX	18	100	1000NG	240	3.25	ECN/raw + standard	2008	5 methods
34	IG Markets	13.6	0 group	200NG	120	3.14	ECN/raw + standard	1974	3 methods
35	ForexMart	20	15 group	500NG	48	3.06	ECN/raw + standard	2015	6 methods · local
36	CMC Markets	—	0 group	200 groupNG	120	2.98	ECN/raw + standard	1989	—
37	IFC Markets	—	1 group	400NG	72	—	ECN/raw + standard	2006	5 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. 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. 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. ActivTrades — cheapest priced of the three · offshore (bahamas scb); no local sec nig · withdrawal in 24 h (score 4.03)

Why it ranks here

Round turn 4.2 USD against the slice median 6.5 USD. strongest axis round-turn cost 100 of 100. total score 4.03.

Watch for

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

Full review of ActivTrades

What the data shows(37 of 81 distributions · 75 brokers)

Swap-free availability (37 of 81 brokers)

Offered30Not offered14

Admin fee after the free period (37 of 81 swap-free)

Never16After 3–30 days9not published5

Who onboards Nigerian residents (37 of 81 brokers)

Local SEC Nigeria entity20Offshore entity24

NGN account (37 of 81 brokers)

Yes16No23not published5

Gold XAU/USD spread (31 of 81 · median 0.8)

23<10

420

030

340

1>40

Gold (XAU/USD) offered (81 of 81)

60Yes

2No

19Not stated

Full list(37 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
2FxPro4.07
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
200NG
NGN
Yes
3ActivTrades4.03
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
4.2
Min deposit, USD
0 group
Leverage
200NG
NGN
Yes
4AMarkets3.98
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
100 group
Leverage
3000NG
NGN
Yes
5Traders Trust3.94
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
3
Min deposit, USD
50 group
Leverage
3000NG
NGN
Yes
6HFM3.92
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
0 group
Leverage
2000NG
NGN
Yes
7Pepperstone3.86
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
10 group
Leverage
200NG
NGN
Yes
8ThinkMarkets3.84
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
50
Leverage
500NG
NGN
Yes
9Blueberry Markets3.84
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
500NG
NGN
Yes
10NordFX3.84
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
10 group
Leverage
1000NG
NGN
Yes
11Errante3.81
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50
Leverage
1000NG
NGN
Yes
12FIBO Group3.8
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50 group
Leverage
1000NG
NGN
Yes
13Mitrade3.79
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
4
Min deposit, USD
20
Leverage
200NG
NGN
Yes
14TMGM3.77
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
1000NG
NGN
Yes
15Headway3.77
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
3
Min deposit, USD
1 group
NGN
Yes
16Doo Prime3.73
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
0 group
Leverage
1000NG
NGN
Yes
17Vantage3.7
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50
Leverage
500NG
NGN
Yes
18XM3.67
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
5 group
Leverage
1000NG
NGN
Yes
19JustMarkets3.67
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
10
Leverage
3000NG
NGN
Yes
20Axi3.66
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
0 group
Leverage
500NG
NGN
Yes
21FreshForex3.66
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
10
Leverage
2000NG
NGN
Yes
22FXGT3.64
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
5
Leverage
5000 groupNG
NGN
Yes
23Eightcap3.63
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
500NG
NGN
Yes
24Moneta Markets3.63
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
50
Leverage
1000NG
NGN
Yes
25FBS3.63
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
13
Min deposit, USD
5 group
Leverage
3000NG
NGN
Yes
26FXCM3.6
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7.5
Min deposit, USD
50 group
Leverage
400NG
NGN
Yes
27XChief3.55
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
5.5
Min deposit, USD
10
Leverage
1000NG
NGN
Yes
28VT Markets3.51
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
100 group
Leverage
500NG
NGN
Yes
29RoboForex3.49
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
10 group
Leverage
2000NG
NGN
Yes
30Trade Nation3.41
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
0
Leverage
200NG
NGN
Yes
31Scope Markets3.4
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
10 group
Leverage
1000NG
NGN
Yes
32CMTrading3.35
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
8
Min deposit, USD
100
Leverage
200NG
NGN
Yes
33IronFX3.25
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
18
Min deposit, USD
100
Leverage
1000NG
NGN
Yes
34IG 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
35ForexMart3.06
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
20
Min deposit, USD
15 group
Leverage
500NG
NGN
Yes
36CMC Markets2.98
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Min deposit, USD
0 group
Leverage
200 groupNG
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?: 37 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(37 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.