Finding legitimate Forex investment firms in Nigeria might be challenging because there are numerous scam businesses that advertise themselves as such and promise to take your money and double it.
Due to the fact that many Nigerians view forex trading and investment as a means of achieving financial independence, these activities are immensely popular. But like any investment, there are risks involved.
There are several forex investing firms in Nigeria, some of which are trustworthy and others of which are frauds.
The Forex market is a global exchange where investors can buy, sell, and trade different national currencies. Therefore, there are numerous platforms that let you trade or invest in forex, and it can be challenging to determine which forex investing companies are legitimate and which ones would defraud you of your money.
There are many forex investment firms in Nigeria that would ask for your money in exchange for the opportunity to invest it or trade for you, promising very large profits. You should be wary of these firms because they frequently steal investors’ funds before going out of business.
MBA Forex is a good illustration of such businesses. The corporation stole billions of Naira, and up till this day, no one has been able to get their money back.
We created this list of reputable forex investment firms in Nigeria so that you may use them without worrying about losing money.
List of Forex Investment Companies in Nigeria
- Forextime (FXTM)
- IC Markets
Top Forex Investment Companies in Nigeria
One of the most recognized forex investing companies in Nigeria is Forextime, often known as FXTM. The goal of FXTM, which was established in 2011, is to dominate online trading globally.
You can start trading forex with Forextime with as little as N2,000.
FXTM provides a demo account for those who are new to forex trading so they may understand the fundamentals of the market until they feel comfortable enough to start trading with real money.
You can trade indices, commodities, stocks, and cryptocurrency on Forextime in addition to forex (currencies).
Funding your account and withdrawing from it shouldn’t be difficult thanks to the 19 deposit and withdrawal choices offered by this forex trading software in Nigeria.
With over 3 million customers in 180 countries, including Nigeria, FXTM has a global network of offices spread across Europe, Africa, Asia, and Latin America.
In Nigeria, FXTM has a local phone number and an office line, making it simple for traders to get in touch with them for assistance and withdrawal concerns. In Nigeria, the majority of currency investment firms lack this.
One of the largest FX firms in the world is Alpari. Over 2 million people use this forex platform, which has been around for more than 20 years and is present in 8 different countries.
With a local office in Abuja, Alpari is one of the FX investing firms operating in Nigeria. The goal of this forex company is to give its clients a stable trading environment.
Alpari is a wonderful alternative for both beginning and experienced forex traders because it offers 24-hour customer assistance and a local deposit option. This forex broker offers a comprehensive selection of financial products, such as CFDs, commodities, spot metals, and FX trading.
A demo account is additionally provided by Alpari.
One of the best forex investment firms in Nigeria is IC Markets. Due to their connections with some of the most reputable and well-known trusted liquidity providers worldwide, they deliver some of the lowest spreads on the market.
All types of traders, including active day traders, scalpers, and novice traders, are drawn to this forex platform because of IC Markets’ extensive array of trading alternatives.
A regulated Forex CFD provider, IC Markets serves both individual and institutional traders. This forex provider not only provides the best spreads in the industry, but also the best execution and customer service.
The forex platform utilizes cutting edge trading technology that offers clients low latency connectivity, and top notch execution speed.
Like most forex trading apps in Nigeria, IC Markets offers a demo account where you can learn the fundamentals of forex and get familiar with the IC Market trading portal.
Undoubtedly, Pepperstone is among the biggest forex brokers in the world. Since the business’s 2010 founding, it has expanded by leaps and bounds to rank among the most recognizable names in the forex industry.
This forex trading platform provides traders with cutting-edge technology that enables them to both benefit from the investment opportunities offered by the worldwide market and be prepared to meet the problems it also poses.
Award-winning FX firm Pepperstone. It is one of the best FX investment firms in Nigeria and has received honors.
Millions of traders choose this forex organization because it provides outstanding trading conditions and top-notch customer support.
Anyone can start trading with Pepperstone quickly thanks to its straightforward and user-friendly user interface. Additionally, you receive a demo account that you may use to practice trading without putting any real money at risk.
With this forex broker, you can withdraw money and easily fund your trading account.
OctaFX, which was established in 2011, has become a prominent STP Forex broker internationally. Due to the fantastic trading circumstances it provides, OCtaFX is one of the most favored forex investment firms in Nigeria.
With presence in more than 100 countries and over 1.5 million trading accounts, OctaFX has won various industry accolades. You can definitely trust this FX company with your money.
Copy trading, whereby other traders can profitably imitate the trades of a successful trader, is a particularly well-liked feature of OctaFX.
Additionally, Octa FX offers traders tight spreads with the chance to earn 25% more than with the majority of other forex brokers in Nigeria. You will also receive a 50% deposit bonus when you register with this forex company.
Additionally, you may take advantage of Octa FX’s fast withdrawal option and enroll in its free trading college to broaden your knowledge of forex.
FXCM is one of the top foreign exchange trading firms in Nigeria for any trader because to its great mobile trading and one-click order execution. FXCM was established in 2015, and since then, the company has expanded to include offices in London, New York, Hong Kong, Sydney, Berlin, and other cities.
You can access top trading tools and educational Forex trading courses via the FXCM platform. With FXCM PRO, you may also get wholesale execution and high liquidity.
Customers of FXCM can trade effortlessly on the platform thanks to dedicated 24/5 customer assistance. Moreover, FXCM provides a demo account.
An innovator in internet trading is AvaTrade. The goal of the forex startup, which debuted in 2006, was to redefine the online trading experience for ordinary traders. In Paris, Dublin, Milan, Tokyo, and Sydney, it has regional offices and service centers.
Given that it consistently offers its clients a secure trading environment, Avatrade is among the most respected forex investment companies in Nigeria.
Forex trading, equities, commodities, and indices are among the trading instruments that AvaTrade provides.
With more than 200,000 customers worldwide, Avatrade promises to perform over 2 million deals each month, with a monthly trading volume of more than $60 billion.
Avatrade is a fantastic choice for forex investing in Nigeria because of its user-friendly platform and industry recognition.
The key selling feature of ExpertOption, which was introduced in 2014 in an effort to innovate on the market, was its open trading environment.
Customers may quickly execute trades on this forex company’s straightforward trading platform without having to worry about getting lost. In order to guarantee a positive customer experience, ExpertOption also places a strong emphasis on educating its clients about forex and finance.
The ExpertOption platform is compatible with Android, iPhone, iPad, Windows, MacOS, and the Web.
The quickness of Expertoption is another excellent feature. Because this forex platform uses cutting-edge technologies, traders may expect quick trading execution speed, no delays in order executions, and no lags in the user interface.
The ExpertOption platform has over 30 million accounts, and the business processes over 30 million transactions each month. Before choosing to use real money to trade on a live account, you can open a demo account with Expertoption to practice forex trading
Before opening an account and making an investment with any forex platform, it’s crucial to read the terms and conditions.
Additionally, take a good look at their many packages and pick the one that best suits you.
While you may offer your money to a reputable local forex to trade for you instead of having to do it yourself. They will take greater risks with your money and are therefore extremely likely to lose it, so the risk is really high. The best alternative is to research legitimate investment sites in Nigeria where you can deposit your money and they handle all the work, or you can learn how to start FX trading.