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7 Best Forex Brokers in Nigeria to Make $7000 weekly

  1. Ava Trade

AvaTrade is considered highly trusted, with an overall Trust Score of 93 out of 99. AvaTrade is not publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), four tier-2 regulators (average trust), and one tier-3 regulator (low trust). AvaTrade is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC)Investment Industry Regulatory Organization of Canada (IIROC)Central Bank of Ireland (CBI) – Ireland , and the Japanese Financial Services Authority (JFSA) . Learn more about Trust Score.

AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab a Best in Class rating for Beginners for 2023.

Our testing found AvaTrade to be great for copy trading, competitive for mobile, and generally in line with the industry average for pricing and research.

2. HF Markets

HFM is considered trusted, with an overall Trust Score of 85 out of 99. HFM is not publicly traded, does not operate a bank, and is authorised by one tier-1 regulator (high trust), three tier-2 regulators (average trust), and one tier-3 regulator (low trust). HFM is authorised by the following tier-1 regulators. Financial Conduct Authority (FCA). Learn more about Trust Score.

Alongside its enhanced MetaTrader offering and quality research, HFM (HF Markets), previously known as HotForex, offers a proprietary copy trading platform, HFcopy, and provides a decent selection of over 1,000 CFDs and 47 forex pairs. Still, trading costs at HFM are slightly above the industry average, and its HFM mobile app does now support trading.

3. FBS

FBS is a licensed international broker that caters to Nigerian traders and investors. While FBS is not regulated by the Central Bank of Nigeria (CBN), it has the backing of other reputable regulators, providing Nigerian traders the reassurance they need to trust FBS.


Tickmill is competitive in its offering of market research and continues to improve in this category each year. That said, Tickmill still can’t compete with industry leaders like IG and Saxo Bank when it comes to depth, personalization, and overall quality.

Tickmill produces daily articles on its Expert Blog that cover technical and fundamental analysis, along with video updates published on its YouTube channel. Tickmill’s third-party research tools really shine; the Autochartist plugin allows for automated technical analysis, forex news headlines stream from Investing.com, and Myfxbook powers the broker’s economic calendar. Tickmill also delivers content across social media, such as its dedicated FaceBook group and its Telegram channel.

Tickmill does a fine job pairing solid market coverage with a good balance of research content. There are articles that focus on technical analysis, paired with offerings like the Weekly Live Markets & Trade Analysis series that analyze market fundamentals. Tickmill also offers archived webinars, technical and fundamental analysis videos, and news updates on its YouTube page – such as its daily Chart Hits series which are quick one-minute updates. Finally, Tickmill provides interactive sentiment data from the CME, and integrated widgets with sentiment data, along with the Signal Centre, for trading signals, powered by Acuity Trading.

5. IC Markets

IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. IC Markets delivers an impressive range of social copy-trading platforms and platform plugins, and the broker’s research and educational offerings have recently improved to become more competitive with its industry peers.

6. Exness

 Overall, Exness is a low-risk CFD and Forex broker with multiple regulations and authorization. Exness not only offers dynamic and flexible account types but offers some of the best trading conditions in the industry. Exness is proud to have physical offices in Nigeria. 

 Exness, founded in 2008, quickly rose to a monthly trading volume of over $180 billion and 15,000 new accounts registered each month by 2014. Exness traders now have access to over 200 financial products, several retail account types, and many resources.

 Exness is one of the most popular brokers even though it is not yet regulated by the Capital Markets Authority (CMA) in Nigeria.

 The Exness Group’s website has been translated into 18 languages, and customer service is provided 24 hours a day, seven days a week in 13 different languages.

 Additionally, users have access to leverage, which may significantly reduce margin needs and allow for more flexible management of trading methods. Another benefit of Exness is that traders can withdraw cash instantly using a variety of electronic payment channels, giving traders complete control over their funds.

7. easyMarkets

easyMarkets is a low-risk and award-winning broker based in the British Virgin Islands. It is regulated by one tier-1 regulator (highest trust) and three tier-2 regulators. It has a trust score of 83% out of 100.

Restricted Regions: easyMarkets Group of Companies does not provide services to residents of certain regions, such as the United States of America , Israel, British Columbia, Manitoba, Quebec, Ontario and Afghanistan, Belarus, Burundi, Cambodia, Cayman Islands, Chad, Comoros, Congo, Cuba, Democratic Republic of the Congo, Equatorial Guinea, Eritrea, Fiji, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Laos, Libya, Mozambique, Myanmar, North Korea, Palau, Panama, Russian Federation, Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, Turkmenistan, Vanuatu, Venezuela, and Yemen.

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