Best forex broker in Nigeria 2021 [Top 3] - Regulated Brokers 1. Xm - https://cutt.ly/9QNwmgJ 2. Fxtm - https://cutt.ly/CQ9G8ig 3. Exness : https://cutt.ly/9Q9HaCi Today, we will look at the top 3 best forex brokers in Nigeria. To help Nigerian forex traders choose a broker we compared the fees and forex trading platforms to find the best forex brokers in Nigeria. Only CBN regulated forex brokers and broker from ‘tier 1’ regions such as Europe were considered as part of this year comparison. No 1: Xm forex Broker XM Group is a part of “Trading Point of Financial Instruments Ltd” which was established in 2009. They are regulated by CySEC since 2015. XM has three major account types, with very low starting deposit & competitive fees. XM has three major account types, with very low starting deposit & competitive fees. Their EUR/USD spreads is as low as 0.8 pips with their Ultra Low accounts, which is one of the lowest in the industry. Another plus is there no re-quotes policy. 99.35% of order with XM are executed in under a second & the company has a strict no re-quotes policy, so instant order execution is guaranteed at XM. Top Features Currency Pairs: 55 Ultra Low account 0.8 pips for EUR & USD Maximum Leverage: 1: 500 Deposit Bonus: Yes Deposit and withdraw option: Credit card, Debit card, Neteller, Skrill, UnionPay, Bank Wire XM Trading Account Types: 4 Minimum Deposit: 5 dollar Trading Platform: MT4, MT5 Pros and cons • XM is regulated with 2 top tier regulators i.e. CySEC • XM has very competitive spread • Fast Withdrawals, Negative Balance protection & very quick execution of orders • XM has very responsive & knowledgeable chat support available 24/7. Cons • XM does not have a local office in Nigeria • The spread with Micro account is no the lowest No 2 : FXTm FXTM’s was founded in 2011 & they are a FCA regulated forex broker, which is a Top Tier regulation, so we consider them to be a safe broker. They offer 3 account types, all of them can be funded in USD or Naira & have very low minimum deposit requirement. FXTM broker has local offices in Lagos & Abuja. They offer English language customer support via Phone, Live Chat & email. FXTM has 19 deposit & withdrawal options which includes many methods for Nigerian traders including Bank deposit & Card payment. FXTM also has NAS100 instrument available to traders in Nigeria. Top Features Currency Pairs: 57 Spread start from: 1.5 pips Maximum Leverage: 1:1000 Deposit Bonus: Yes Deposit and withdraw option: Credit card, Debit card, Neteller, Skrill, UnionPay, Bank Wire XM Trading Account Types: 3 Minimum Deposit: 50 dollar Trading Platform: MT4, MT5 & online Pros : • FXTM is a highly regulated Forex broker • Low spreads for most major & minor currency pairs including • Fast local Bank Withdrawals in Nigeria • Fast local Bank Withdrawals in Nigeria Cons : • FXTM has higher spread with their Micro Account and it's 1.9 but it’s still comfortable. No 3: Exness Exness Group is a regulated broker in UK & EU. They offer market Execution, but it is very fast, very competitive spread of as low as 0.3 pips, for EUR-USD . Exness was founded in the year 2008 & it is one of the largest broker, in terms of trading volume. Exness has a wide range of trading instruments, to choose from with more than 100+ Major, minor & exotic currency pairs. The broker offers up to date financial news and technical analysis charts to its users so that they can invest better. Another key feature is that withdrawals via some methods is executed instantly upon request. Top Features Currency Pairs: 100+ Spread start from: 1.5 pips Maximum Leverage: 1:1000 Deposit Bonus: Yes (100% also) Deposit and withdraw option: Credit card, Debit card, Neteller, Skrill, UnionPay, and Bank Wire XM Trading Account Types: 3 Minimum Deposit: 5 dollar Trading Platform: MT4, MT5 Pros • Exness is a reputed broker that regulated with FCA in the UK & CySEC in Cyprus. • Very low spread of as low as 0.3 pips • $1 deposit requirements with Cent & Mini accounts. • Local Online bank trading funding & withdrawal option is available in Nigeria. Cons • Exness could do better by offering Sign Up bonus to new traders Best forex broker for scalping Top Nigeria broker for beginner Deposit bonus forex broker in Nigeria cbn regulated forex brokers