Pepperstone , "While Pepperstone offers a small set of tradeable products, it provides one of the largest selections of third-party platforms, including multiple social copy trading options. IC Markets , "IC Markets caters exceptionally-well to algorithmic traders through its commission-based accounts. That said, the range of markets, and research materials offered by IC Markets are not as impressive. Tickmill Visit Site , "Tickmill is a plain vanilla MT4 broker offering a minimal selection of tradeable securities.

The primary drawback to an otherwise balanced offering is pricing that is higher than the industry average. Vantage FX , "While offering forex and CFD traders the MetaTrader platform suite, multiple social trading platforms, and a proprietary mobile app, Vantage FX trails industry leaders in key areas, including mobile apps, research, and education. Moneta Markets "As a new standalone brand within Vantage Group, Moneta Markets struggles to compete with the industry average in the primary categories that are most important to forex and CFD traders. Eightcap , "With a small range of markets and no standout features across its research, education, platforms, and account offerings, Eightcap struggles to compete with the best forex brokers.

VT Markets , "VT Markets benefits from being part of the Vantage Group of companies, yet struggles to compete with the best forex brokers due to a limited offering of research, platforms, and tools, as well as a limited range of available markets to trade.

CMC Markets: One of the Oldest Players in the Market

BlackBull Markets , "With just MetaTrader 4 available alongside a handful of social copy trading platforms, BlackBull Markets offers a limited product range and struggles to compete with industry-leading forex brokers. Beyond its European license in Cyprus, OctaFX lacks regulation in major jurisdictions, which puts it at a severe disadvantage compared to other trusted forex brokers. Regulated and trusted across the globe, IG offers traders the ultimate package of excellent trading and research tools, industry-leading education, competitive pricing, and an extensive list of tradeable products.

For traders that can afford the USD 10, minimum deposit GBP for the UK , Saxo Bank offers competitive pricing, excellent trading platforms, brilliant research, reliable customer service, and over 40, instruments to trade. CMC Markets is a globally trusted broker that delivers a terrific offering for traders thanks to excellent pricing, nearly 10, tradeable instruments, and the Next Generation trading platform, which comes packed with quality research, innovative trading tools, and powerful charting.

When it comes to pricing, Tickmill offers the most competitive all-in cost to trade. Tickmill offers three accounts, and no question, Tickmill is best for active and VIP traders, who have access to pricing that competes among the lowest brokers in the industry. Using typical spread data listed by Tickmill for its Pro account offering of 0. Methodology: To assess brokers, we take into consideration how much beginners, average traders, and even more seasoned traders would pay, looking at average spreads for standard forex contracts , units as well as mini accounts 10, units and micro accounts 1, units , where applicable.

We then calculate the all-in cost by including any round-turn commission that is added to prevailing spreads. It delivers a terrific user experience, advanced tools, comprehensive market research, and an excellent mobile app. Hands down, the CMC Markets Next Generation trading platform is a market leader that will impress even the pickiest of traders. IG offers the most tradeable CFDs in the industry, 19, CFDs, or "contracts for difference," enable traders to speculate whether the price of a stock, forex pair, market index, or commodity will go up or down without taking ownership of the underlying asset.

Alongside offering over 9, CFDs, Saxo Bank offers the most tradeable currency pairs, in total. The one caveat to Saxo Bank is the broker's high minimum deposit requirement for non UK residents. After placing phone calls to assess customer service from locations across the UK, XTB offered the best phone service. Connection times were consistently less than one minute and across 13 total calls, XTB received an average Net Promoter Score of 9.

• Top 10 Forex Brokers In The World [ Largest + Best].
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• Best Forex Brokers in Nigeria for 2021.

Methodology : To assess customer service, ForexBrokers. For the Review, customer service tests were conducted over eight weeks. Ten unique templates were used with three questions being asked, on average, per call. This program in the UK is available only to Professional Clients. Using the average spread data of 0. Professional client status : In today's highly regulated forex world, traders who want to maximize their margin leverage must apply and obtain ESMA's professional client status with their broker. Methodology : We broke down each forex broker's active trading program to assess brokers for professional trading, comparing available rebates, tiers, and all-in costs.

Alongside pricing, each broker's trading platform was tested for available advanced trading tools frequently used by professionals. First you need to choose a good broker. For this you can check our list of best forex brokers for trading in Nigeria. There are few things that you must consider.

A good broker will generally have more positive reviews by genuine clients, and also see how the broker responds to negative reviews as this is a good indication of their support. Disclosure: We earn a commission if you Sign Up with a broker through referral links in this review. This helps us cover the expenses for running the website. NG is an Investment Comparison website with an aim to help Investors in Nigeria find the best forex brokers. Read More.

Who is the Earliest Currency Exchange Service Provider?

Read full risk disclaimer.. All Rights Reserved, By Akin Benjamin Editorial Staff —. Fees: 1. And 0. They are regulated globally with 3 top tier regulators i. Fast Withdrawals in Nigeria. Their support overall is quite good. For ex. Overall Rating 9. Typical Fees: 1. This would be variable depending in the market conditions.

Ranks 2 Forex broker in Nigeria. This ensures very fair dealing. Hotforex has one of the lowest spread of all the brokers that we have compared. Around 0. Hotforex offers local deposit options like bank transfers for Nigerian customers. You would need to talk to their Live chat for the local bank funding options.

Overall Rating 8. Their spreads for major currency pairs is quite competitive. Also instant wallet funding and withdrawals options are available. Fees: As Low as 0. And 1. And zero deposit fees. Ranks 4 Forex Broker in Nigeria. XM Pros XM is regulated with 2 top tier regulators i.

Pepperstone Is The Best Global Broker

XM has very competitive spread with Ultra Low account 0. Their spread is around 1.

Ranks 5 Forex broker in Nigeria. Very low spread of as low as 0.

Instant withdrawal options are also available if you withdraw via EWallets. Fees: 0. They are a fixed spread broker, so their spread will remain the same regardless of the market conditions or time of the day you are trading. Fees: On average 1. Ranks 7 Forex broker in Nigeria. They have a long track record of reliable and trustworthy operation in the industry. Your final choice will depend on your trading goals and the instruments they offer. Home » News. Featured Consultant. Khaja Hameed, Managing Director. Vipin Arora, Managing Director. Shubhajit, Founder. Neena Sangeet Sharma, Founder.

Ayoshmita Biswas, Founder. Niraj Bora, Founder. Girish Bhagat, Founding Partner. Bal Kulkarni, Founder.

Best Forex Brokers for Trading Online [+60 brokers rank]

Sameer Sheikh, Founder. Dilip Cherian, Founder, Perfect Relations. Ninan Lawrence, Founder, Owlspriorty Immigration. Example of these forex brokers are: 1.