In order to trade successfully, it is very important to choose the right broker. in Nigeria, a large number of companies provide access to trading and you will have to choose the one for you among them. It is important to work only with reliable brokers providing all the required instruments for trading based on your trading strategy. TU analysts have selected the best futures trading brokers for beginners in Nigeria 2025. You can compare their features and trading conditions.
1
FxPro - Best for beginners in Nigeria
FxPro is a well-established broker offering traders access to over 2,100 financial instruments across multiple asset classes, including Forex, stocks, commodities, indices, and cryptocurrencies. It is regulated by reputable authorities – FCA, CySEC and others.
The broker stands out with its focus on technology and offers an average order execution speed of 14-30 ms, setting a market benchmark. FxPro also provides an impressive suite of trading tools and educational resources, such as Trading Central analytics. The minimum deposit of $100, however, is higher than some competitors.
With a company capital exceeding 100 million euro, and a track record of reliability, FxPro stands out as a top-tier choice for traders looking for a secure and dynamic trading environment.
👍 Advantages of trading with FxPro for traders from Nigeria:
•Negative Balance Protection of a client on a real account is a unique broker service. It has an automated transaction monitoring and a risk management system, the capital is guaranteed not to go into a negative balance;
•insurance of client funds at the expense of the broker participation in an investor compensation fund;
•beginner traders will be able to access tested advisors;
•a full package of services is available to the client regardless of the balance of his account;
•VIP account holders are offered a personal manager and get a Free VPS;
•company capital exceeds 100 million euros;
•offers swap-free accounts for customers whose religious beliefs do not permit swapping eg. Islamic traders;
•the reliable trading environment provided by the competent educational and research department.
👎 Disadvantages of FxPro for traders from Nigeria:
•it is not the best choice for beginner traders who are looking for their first broker as the minimum deposit of $100 is considered high;
•difficulties registering in an affiliate program.
2
FBS - Best for beginners in Nigeria
FBS is an international broker with a strong presence in Asia, offering a wide range of trading instruments including Forex, stocks, indices, energies, and metals. With over 90 international awards and 27 million clients across 150 countries, FBS boasts a strong global reputation.
The company provides flexible trading conditions: leverage up to 1:3000, floating spreads from 0.7 pips, commission-free trading, and fast execution speeds starting at 0.01 seconds. FBS ensures client security with negative balance protection and offers a user-friendly experience on familiar trading platforms.
While FBS doesn't currently offer cryptocurrency trading or passive income options like PAMM accounts and copy trading, its competitive conditions and extensive educational resources make it a compelling choice for traders seeking a comprehensive and accessible experience.
👍 Advantages of trading with FBS for traders from Nigeria:
•negative balance protection;
•a large selection of trading instruments;
•the support service works 24/7.
👎 Disadvantages of FBS for traders from Nigeria:
•auto copying is not available;
•no PAMM accounts;
•not suitable for short-term trading, such as scalping;
•the support service works in a limited number of languages;
•only two real accounts.
3
IronFX - Best for beginners in Nigeria
IronFX was launched in January 2010 by a team of specialists in finance and software development. Today, IronFX has grown to be among the industry leaders that provide online trading services globally. Customers can use the MT4 advanced trading platforms and trade more than 300 tools from 6 various asset classes. IronFX serves individual as well as corporate clients from over 180 countries. IronFX is highly valued for providing cutting-edge technological innovation on trading platforms and trading tools.
👍 Advantages of trading with IronFX for traders from Nigeria:
•round-the-clock communication with a multilingual support TEAM on weekdays;
•wide range of trading assets;
👎 Disadvantages of IronFX for traders from Nigeria:
•the verification procedure can be repeated;
4
FOREX CLUB - Best for beginners in Nigeria
The Forex Club broker is a well-known brand on the online investments and trading market. It has been operating since 1997. Over a hundred representative offices of the company work in the CIS countries, Asia and Latin America.
The Forex Club provides its dedicated customers with the access to trading 54 currency pairs, 72 CFD tools (oil, non-ferrous metals, stocks, indices), gold and silver, as well as bitcoin.
The Forex Club broker regularly gets international awards due to the premium quality of provided services and its own innovative solutions. According to the World Finance Award in 2012 the company received the “Best Dealing Award”; in 2016, it was awarded the title “Forex Company of the Year”. In 2018 and 2019, the Libertex platform, the company's own solution, was admitted as the “Best Trading Application”.
👍 Advantages of trading with FOREX CLUB for traders from Nigeria:
•best trading conditions for novice traders;
•a wide range of financial tools: currency pairs, indices, futures, stocks, cryptocurrencies;
•the ability to choose the optimal leverage up to 1:1000;
•a wide range of deposit and withdrawal methods;
•always updated analytics and the informational section "Education".
👎 Disadvantages of FOREX CLUB for traders from Nigeria:
•You need to register to the official website to study the affiliate program conditions;
•temporary trading terminals malfunctioning;
•there is no detailed glossary on the site.
5
Accuindex - Best for beginners in Nigeria
Accuindex is a new yet strong participant in the Forex and CFD markets. Accuindex is dedicated to giving access to a transparent and powerful trading environment. Among its core principles, Accuindex sees professionalism, innovation, flexibility, and fair business. Here traders can find just the right solutions and services to effectively meet their requirements along with ultra-low spreads, multiple trading tools, and zero commissions. As a fast-growing business, Accuindex leads the charge towards the future of trading.
👍 Advantages of trading with Accuindex for traders from Nigeria:
•Regulation by CySEC (340/17). This regulator operates in compliance with the European law despite being in an offshore jurisdiction.
•Deposit and withdrawal on the same day for almost all payment methods. The broker does not charge deposit/withdrawal fees and there are no limits on the amounts.
•Swap is not charged for the first 10 days, which is enough for choosing a strategy type (day, long-term).
👎 Disadvantages of Accuindex for traders from Nigeria:
•EAs cannot be used on the ECN account with floating spread from 0 pips.
•No negative balance protection on the Raw account. This means that in case of a loss (negative account balance), there is a risk that the broker may sue for compensation.
TOP 5 Comparison
This table makes it easy to compare the best futures trading brokers for beginners in Nigeria for 2025 by placing their information side by side all in one place. The table includes the categories that are most important when deciding on a broker to work with. The data contained in this table is verified and only includes the most reputable brokers.
| FxPro | FBS | IronFX | FOREX CLUB | Accuindex | |
|---|---|---|---|---|---|
|
Trading platform |
MT4, Mobile Trading, MT5, cTrader, FxPro Edge |
MT4, Mobile Trading, MT5, FBS app |
WebTrader, MetaTrader4 |
MT4, Libertex, Mobile Apps, MT5 |
Mobile platforms, MT4, MT5, Web platform |
|
Min deposit |
$100 |
$5 |
$100 |
$10 |
$250 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:30 |
From 1:1 |
From 1:1 |
|
Trust management |
No |
No |
No |
No |
No |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
|
Spread |
From 0 points |
From 1 point |
From 0 points |
From 0 points |
From 0.2 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
|
Execution of orders |
Market Execution |
Market Execution |
STP, Market Maker, ECN |
Market Execution, Instant Execution |
Market Execution |
|
No deposit bonus |
No |
No |
No |
No |
No |
|
Cent accounts |
No |
No |
No |
No |
No |
Commissions & Fees
Brokerage fees are the amount of money that you pay for using the services that a brokerage offers in order to perform trading and manage investments. The brokerage fee structure and regulations vary from broker to broker, and there are two primary fee types which are:
Trading Fees: This type of fee is only charged when you perform a trade. It can be a conversion fee, margin rate, financing rate, spread, or commission.
Non-Trading Fees: This type of fee isn't directly related to your trading activity, and it can include inactivity fee, withdrawal fee, deposit fee, etcetera.
FxPro Commissions and Fees
Traders Union professional team has analyzed FxPro trading conditions for commissions. For comparison and reference convenience, the results have been presented in the table.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
From $10 |
No |
|
cTrader |
From $5 |
No |
|
Raw+ |
From $5 |
No |
|
Elite |
From $3 |
No |
FBS Commissions and Fees
The experts at Traders Union checked the broker for trading and non-trading commissions. In the category of trading commission, the company's spread was considered, and as a non-trading commission, various additional fees for withdrawing funds from the account were considered.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
From $7 |
No |
|
Cent |
From $0.07 |
No |
IronFX Commissions and Fees
Trading terms at IronFX were analyzed by specialists at the Traders Union for trading and non-trading commissions. There are no hidden trading fees and no commission is charged for deposits or withdrawals. An exception may be the transfer fee set by the payment system.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
from $18 |
No |
|
Premium |
from $16 |
No |
|
VIP |
from $14 |
No |
|
Zero Fixed |
from $0 |
No |
|
No commission |
from $17 |
No |
|
Zero Spread |
from $0 |
No |
|
Absolute Zero |
from $3 |
No |
FOREX CLUB Commissions and Fees
Traders Union analysts analyzed the Forex Club trading conditions to determine explicit as well as hidden commissions. Withdrawal fees range from 0.8% to 2.5%, depending on the electronic payment system. Forex Club compensates 100% of the commission of payment systems and bank transfers with bonus funds. Compensation is not provided for replenishment of an account via WebMoney (commission is 0.8%).
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Libertex |
from $0 |
Yes |
|
MT4 |
from $0 |
Yes |
|
MT5 |
from $0 |
Yes |
Accuindex Commissions and Fees
Traders Union analysts performed a review of trading conditions and legal documents of the broker to see what kinds of fees the company charges. The broker’s fee is the spread that is shown to traders with the markup, swap and a fixed fee on the ECN account. The broker does not charge deposit and withdrawal fees or hidden fees.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
USD 14 |
no |
|
Pro |
USD 8 |
no |
|
Raw |
USD 0 |
no |
Summary
Many brokers are available for traders from Nigeria, but not all of them offer good conditions. In this review, TU experts chose the Best futures trading brokers for beginners in Nigeria 2025. These are the most trusted companies that offer the best conditions for traders. You will also be able to review the general assessment of each broker.
Overall score of the best Futures Trading Brokers For Beginners in Nigeria
| FxPro | FBS | IronFX | FOREX CLUB | Accuindex | |
|---|---|---|---|---|---|
|
Overall score |
7.9 |
7.33 |
7.13 |
5.74 |
5.94 |
|
Execution of orders |
8.25 |
9.5 |
6.85 |
4.15 |
3.23 |
|
Investment instruments |
10 |
9.2 |
9.7 |
4.7 |
9.2 |
|
Withdrawal speed |
6 |
5 |
8 |
5 |
6 |
|
Customer Support work |
8.9 |
7.58 |
7.03 |
5.53 |
4.04 |
|
Variety of instruments |
9.27 |
7.02 |
8.02 |
7.75 |
7.37 |
|
Trading platform |
9.2 |
9.03 |
3.88 |
6.71 |
3.87 |
|
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FAQ
Can you earn passive income in the financial markets?
Yes, the best brokers in Nigeria offer passive income options. These could include copy trading, PAMM accounts, managed portfolios, etc.
What are the risks of trading in the financial markets?
Any trading in the financial markets carries risks of losing your money due to asset volatility. Therefore, it is important to develop the rules of risk management in your strategy and strictly follow them.
Why is a license important for a broker?
License is the key document testifying to the broker’s reliability. It means that the company complies with the requirements of the financial regulatory authority that issued it. It is recommended that you choose brokers with licenses from top financial regulators: the USA, European Union, the UK, as these jurisdictions have the strictest licensing requirements.
Is it possible to work with offshore brokers?
It is best not to work with offshore brokers. However, if you have chosen such a company, you need to check and analyze it very thoroughly. There are offshore brokers with good reputations. Before you start working with such a company, deposit the minimum amount and start trading. Once you’ve worked with the broker for a little while and checked how it operates and how quickly it processes withdrawals, you can start depositing higher amounts.
Best Futures Trading Brokers For Beginners by Countries
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.