Highest-leverage 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 (51 of 81 counts · 75 brokers onboarding Nigerian residents)

51of 81

qualify for this ranking

63% of 81

42of 51

scored on all six axes

82% of 51

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 · offshore/unregulated locally in nigeria; · withdrawal in 24 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

Highest-leverage brokers in Nigeria (51 of 81)

By slice score, formula v1.0. · 51 of 75 brokers in this ranking · all 51

#	Broker	Round turn, USDNG	Min deposit, USDNG	Leverage	Withdrawal, hNG	Score	Execution	Founded	Funding
1	FP Markets	6	100 group	500NG	24	4.12	ECN/raw + standard	2005	3 methods
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	Exinity	4	30	2000NG	24	4.02	ECN/raw + standard	1998	2 methods · local
5	BDSwiss	5	10 group	2000NG	24	4	ECN/raw + standard	2012	3 methods
6	AMarkets	5	100 group	3000NG	24	3.98	ECN/raw + standard	2007	7 methods · local
7	FXOpen	3	1 group	500NG	24	3.97	ECN/raw + standard	2005	7 methods
8	Traders Trust	3	50 group	3000NG	24	3.94	ECN/raw + standard	2009	4 methods
9	Capital.com	6	20	200NG	24	3.92	Standard	2016	3 methods
10	HFM	6	0 group	2000NG	24	3.92	ECN/raw + standard	2010	8 methods · local
11	MultiBank Group	6	50 group	500NG	48	3.91	ECN/raw + standard	2005	4 methods
12	Pepperstone	7	10 group	200NG	24	3.86	ECN/raw + standard	2010	5 methods
13	ThinkMarkets	7	50	500NG	24	3.84	ECN/raw + standard	2010	4 methods
14	Blueberry Markets	7	100 group	500NG	24	3.84	ECN/raw + standard	2016	7 methods
15	NordFX	7	10 group	1000NG	24	3.84	ECN/raw + standard	2008	3 methods
16	Errante	6	50	1000NG	24	3.81	ECN/raw + standard	2020	5 methods
17	FIBO Group	6	50 group	1000NG	48	3.8	ECN/raw + standard	1998	6 methods
18	FXChoice	7	100	200NG	24	3.8	ECN/raw + standard	2010	4 methods
19	Mitrade	4	20	200NG	48	3.79	Standard	2011	—
20	TMGM	7	100 group	1000NG	24	3.77	ECN/raw + standard	2013	6 methods
21	Alpari	8	30	3000NG	24	3.76	ECN/raw + standard	1998	6 methods · local
22	Doo Prime	7	0 group	1000NG	24	3.73	ECN/raw + standard	2014	4 methods · local
23	Vantage	6	50	500NG	72	3.7	ECN/raw + standard	2020	6 methods · local
24	XM	7	5 group	1000NG	24	3.67	ECN/raw + standard	2009	5 methods
25	JustMarkets	6	10	3000NG	48	3.67	ECN/raw + standard	2012	3 methods · local
26	Axi	7	0 group	500NG	48	3.66	ECN/raw + standard	2007	5 methods · local
27	FreshForex	6	10	2000NG	0.17	3.66	ECN/raw + standard	2004	5 methods · local
28	Fusion Markets	4.8	0	500NG	120	3.64	ECN/raw + standard	2017	6 methods
29	Eightcap	7	100 group	500NG	48	3.63	ECN/raw + standard	2009	4 methods
30	LiteFinance	—	50	500NG	24	3.63	ECN/raw + standard	2005	4 methods · local
31	Moneta Markets	7	50	1000NG	24	3.63	ECN/raw + standard	2019	5 methods
32	FBS	13	5 group	3000NG	24	3.63	Standard	2009	3 methods · local
33	Milton Prime	—	300 group	500NG	1	3.61	—	2015	4 methods · local
34	FXCM	7.5	50 group	400NG	72	3.6	ECN/raw + standard	1999	5 methods · local
35	XChief	5.5	10	1000NG	120	3.55	ECN/raw + standard	2014	6 methods
36	VT Markets	6	100 group	500NG	72	3.51	ECN/raw + standard	2015	3 methods
37	RoboForex	5	10 group	2000NG	24	3.49	ECN/raw + standard	2009	4 methods
38	Amana Capital	7	50	100NG	24	3.48	ECN/raw + standard	2010	2 methods
39	Trade Nation	6	0	200NG	120	3.41	Standard	2014	3 methods · local
40	Scope Markets	9	10 group	1000NG	48	3.4	ECN/raw + standard	—	4 methods
41	CMTrading	8	100	200NG	72	3.35	ECN/raw + standard	2012	6 methods · local
42	FXTM	3.5	10 group	2000NG	24	3.33	ECN/raw + standard	2011	3 methods · local
43	Grand Capital	9	10 group	500NG	24	3.29	ECN/raw + standard	2006	3 methods
44	InstaForex	—	1	1000NG	7	3.28	ECN/raw + standard	2007	4 methods · local
45	IronFX	18	100	1000NG	240	3.25	ECN/raw + standard	2008	5 methods
46	NAGA	15	250 group	1000NG	24	3.18	Standard	2015	8 methods · local
47	IG Markets	13.6	0 group	200NG	120	3.14	ECN/raw + standard	1974	3 methods
48	Weltrade	3.1	1	2000NG	120	3.11	ECN/raw + standard	2006	4 methods · local
49	ForexMart	20	15 group	500NG	48	3.06	ECN/raw + standard	2015	6 methods · local
50	T4Trade	18	50	1000NG	72	3.04	Standard	2021	5 methods
51	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. FP Markets — highest score of the three · offshore/unregulated locally in nigeria; · withdrawal in 24 h (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. 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(51 of 81 distributions · 75 brokers)

Swap-free availability (51 of 81 brokers)

Offered30Not offered14

Admin fee after the free period (51 of 81 swap-free)

Never16After 3–30 days9not published5

Who onboards Nigerian residents (51 of 81 brokers)

Local SEC Nigeria entity20Offshore entity24

NGN account (51 of 81 brokers)

Yes16No23not published5

Who grants the leverage figure (59 of 81)

2Local entity

33Offshore entity

24Not stated

Retail leverage in Nigeria (58 of 81 · median 1:500)

31<1k

142k

73k

54k

1>4k

Full list(51 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
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
4Exinity4.02
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
4
Min deposit, USD
30
Leverage
2000NG
NGN
Yes
5BDSwiss4
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
10 group
Leverage
2000NG
NGN
Yes
6AMarkets3.98
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
100 group
Leverage
3000NG
NGN
Yes
7FXOpen3.97
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
3
Min deposit, USD
1 group
Leverage
500NG
NGN
Yes
8Traders Trust3.94
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
3
Min deposit, USD
50 group
Leverage
3000NG
NGN
Yes
9Capital.com3.92
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
20
Leverage
200NG
NGN
Yes
10HFM3.92
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
0 group
Leverage
2000NG
NGN
Yes
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
12Pepperstone3.86
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
10 group
Leverage
200NG
NGN
Yes
13ThinkMarkets3.84
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
50
Leverage
500NG
NGN
Yes
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
15NordFX3.84
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
10 group
Leverage
1000NG
NGN
Yes
16Errante3.81
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50
Leverage
1000NG
NGN
Yes
17FIBO Group3.8
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50 group
Leverage
1000NG
NGN
Yes
18FXChoice3.8
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100
Leverage
200NG
NGN
Yes
19Mitrade3.79
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
4
Min deposit, USD
20
Leverage
200NG
NGN
Yes
20TMGM3.77
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
1000NG
NGN
Yes
21Alpari3.76
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
8
Min deposit, USD
30
Leverage
3000NG
NGN
Yes
22Doo Prime3.73
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
0 group
Leverage
1000NG
NGN
Yes
23Vantage3.7
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50
Leverage
500NG
NGN
Yes
24XM3.67
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
5 group
Leverage
1000NG
NGN
Yes
25JustMarkets3.67
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
10
Leverage
3000NG
NGN
Yes
26Axi3.66
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
0 group
Leverage
500NG
NGN
Yes
27FreshForex3.66
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
10
Leverage
2000NG
NGN
Yes
28Fusion Markets3.64
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
4.8
Min deposit, USD
0
Leverage
500NG
NGN
Yes
29Eightcap3.63
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
500NG
NGN
Yes
30LiteFinance3.63
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Min deposit, USD
50
Leverage
500NG
NGN
Yes
31Moneta Markets3.63
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
50
Leverage
1000NG
NGN
Yes
32FBS3.63
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
13
Min deposit, USD
5 group
Leverage
3000NG
NGN
Yes
33Milton Prime3.61
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Min deposit, USD
300 group
Leverage
500NG
NGN
Yes
34FXCM3.6
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7.5
Min deposit, USD
50 group
Leverage
400NG
NGN
Yes
35XChief3.55
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
5.5
Min deposit, USD
10
Leverage
1000NG
NGN
Yes
36VT Markets3.51
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
100 group
Leverage
500NG
NGN
Yes
37RoboForex3.49
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
10 group
Leverage
2000NG
NGN
Yes
38Amana Capital3.48
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
50
Leverage
100NG
NGN
Yes
39Trade Nation3.41
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
0
Leverage
200NG
NGN
Yes
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
41CMTrading3.35
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
8
Min deposit, USD
100
Leverage
200NG
NGN
Yes
42FXTM3.33
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
3.5
Min deposit, USD
10 group
Leverage
2000NG
NGN
Yes
43Grand Capital3.29
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
10 group
Leverage
500NG
NGN
Yes
44InstaForex3.28
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Min deposit, USD
1
Leverage
1000NG
NGN
Yes
45IronFX3.25
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
18
Min deposit, USD
100
Leverage
1000NG
NGN
Yes
46NAGA3.18
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
15
Min deposit, USD
250 group
Leverage
1000NG
NGN
Yes
47IG 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
48Weltrade3.11
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
3.1
Min deposit, USD
1
Leverage
2000NG
NGN
Yes
49ForexMart3.06
Onboards
Local · SEC Nigeria
Swap-free
none, no limit
Round turn, USD
20
Min deposit, USD
15 group
Leverage
500NG
NGN
Yes
50T4Trade3.04
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?: 51 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(51 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.