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Best international online brokers in Nigeria in 2024

Written by
Adam N.
Fact checked by
Updated
May 2024

Find below the strengths of the best brokers available in Nigeria, updated for 2024:

  1. XTB is the best international online brokers in Nigeria in 2024. - Commission-free stocks and ETFs (for trades up to €100k per month). Free and fast deposit and withdrawal. Easy and fast account opening. High interest paid on cash.
  2. Admirals (Admiral Markets) - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
  3. FXCM - Fast and straightforward account opening. Good technical research tools. High-quality educational content.
  4. IC Markets - Low forex fees. Easy and fast account opening. Free deposit and withdrawal. Offers standard and raw spread accounts.
  5. Pepperstone - Fast and fully digital account opening. Seamless and free deposit and withdrawal. Great educational materials.
  6. Spreadex - Low forex fees. Good web platform. Helpful customer service.
  7. Capital.com - Low forex CFD fees. Great account opening experience. Excellent email and chat support.
  8. Tickmill - Low forex fees. Fast and easy account opening. Free deposit and withdrawal.
  9. Axi - Low forex fees. No withdrawal/deposit fees. Fully digital account opening.
  10. Fusion Markets - Low trading and non-trading fees. Fast and easy account opening. Great customer service.
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International online brokers' key info overview

While many international online trading brokers offer an excellent service, the ones in our toplist go the extra mile. These international online trading platforms offer a broad range of markets and asset classes and are suitable for beginners and experienced traders alike.

Broker
Minimum deposit
Time to open account
XTB
$0
1 day
Admirals (Admiral Markets)
$100
1 day
FXCM
$50
1-3 days
IC Markets
$200
1 day
Pepperstone
$0
1 day
Spreadex
$0
1-3 days
Capital.com
$20
1 day
Tickmill
$100
1 day
Axi
$0
1-3 days
Fusion Markets
$0
1 day


Popularity of the best online brokers in Nigeria

Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.

Trading fees

In most cases the key broker selection criteria is how much you have to pay for a trade in spreads, commission and other trading costs, so we collected the most important fees for you in the table below.

Broker
US stock
UK stock
XTB
$0.0
$0.0
Admirals (Admiral Markets)
$0.0
$0.0
FXCM
-
-
IC Markets
-
-
Pepperstone
-
-
Spreadex
-
-
Capital.com
-
-
Tickmill
-
-
Axi
-
-
Fusion Markets
-
-
Fees at the best international online brokers in May 2024
All commissions, spreads and financing rates (if applicable) for opening a position, holding for a week, and closing.

Other fees at international online brokers

Non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.

Broker
Account fee
Inactivity fee
XTB
Admirals (Admiral Markets)
FXCM
IC Markets
Pepperstone
Spreadex
Capital.com
Tickmill
Axi
Fusion Markets
Account, inactivity, and deposit/withdrawal fees at the best online brokers in May 2024

Can I trust these online brokers in Nigeria?

Yes, BrokerChooser exclusively recommends legit brokers, overseen by at least one globally acknowledged regulator. We track more than 30,000 brokers and trading platforms that we don't recommend. To make sure that a broker is reputable and reliable, use our Scam Broker Shield tool.

Key criteria determining a broker's trustworthiness are: regulation, availability of investor protection, as well as a long and spotless track record. Explore the interactive table below, encompassing this array of vital data.

Broker
Top-tier regulators
Trusted broker
XTB
FCA in the UK
Admirals (Admiral Markets)
FCA in the UK and ASIC in Australia
FXCM
FCA in the UK and ASIC in Australia
IC Markets
ASIC in Australia
Pepperstone
ASIC in Australia, FCA in the UK, and BaFin in Germany
Spreadex
FCA in the UK
Capital.com
FCA in the UK and ASIC in Australia
Tickmill
FCA in the UK
Axi
FCA in the UK and ASIC in Australia
Fusion Markets
ASIC in Australia
Trust metrics for the best online brokers in Nigeria in 2024
We label a broker as trusted if it has reliable regulation.

Our assessment of best international online brokers for residents in Nigeria in 2024

At BrokerChooser we do our best to make it easier for you to compare and select the best broker for your needs. Here is a summary of our scores in the most important aspects of these trading platforms' services.

Broker
Overall score
Fees score
XTB
4.8
/5
4.5
/5
Admirals (Admiral Markets)
4.5
/5
3.7
/5
FXCM
4.4
/5
4.3
/5
IC Markets
4.4
/5
4.4
/5
Pepperstone
4.4
/5
4.3
/5
Spreadex
4.4
/5
4.1
/5
Capital.com
4.4
/5
3.8
/5
Tickmill
4.4
/5
4.1
/5
Axi
4.4
/5
4.0
/5
Fusion Markets
4.3
/5
4.5
/5
Score summary of best international online brokers for residents in Nigeria

If you are unsure how brokerage fees are charged, check out this article on the various fees, charges and costs.

And now, let's see the top international online brokers for 2024 for residents in Nigeria in detail one by one, starting with the winner, XTB.

XTB Logo

XTB

Recommended for forex and CFD traders looking for low fees and great deposit/withdrawal service

Visit broker
76-85% of retail CFD accounts lose money

XTB snapshot
Fees class Low
Minimum deposit $0
Deposit method Bank transfer, Credit/debit cards, Paysafe, Skrill, ecommpay, PayU, PayPal
Withdrawal method Bank transfer
Withdrawal fee $0
Time to open account 1 day
Inactivity fee Yes
Read review For a detailed analysis of XTB services, check out our review for 2024

Recommended for forex traders who are familiar with the MetaTrader trading platforms

Visit broker
80% of retail CFD accounts lose money

Admirals (Admiral Markets) snapshot
Fees class Low
Minimum deposit $100
Deposit method Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong
Withdrawal method Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong
Withdrawal fee $0
Time to open account 1 day
Inactivity fee Yes
Read review For a detailed analysis of Admirals (Admiral Markets) services, check out our review for 2024

Recommended for forex traders looking for easy account opening, funding and withdrawal

Visit broker
73% of retail CFD accounts lose money

FXCM snapshot
Fees class Low
Minimum deposit $50
Deposit method Bank transfer, Credit/debit cards, Neteller, Skrill, Unionpay
Withdrawal method Bank transfer, Credit/debit cards, Neteller, Skrill, Unionpay
Withdrawal fee $0
Time to open account 1-3 days
Inactivity fee Yes
Read review For a detailed analysis of FXCM services, check out our review for 2024

Recommended for forex and CFD traders who value easy account opening and free deposit/withdrawal options

Visit broker
70.64% of retail CFD accounts lose money

IC Markets snapshot
Fees class Low
Minimum deposit $200
Deposit method Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna
Withdrawal method Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna
Withdrawal fee $0
Time to open account 1 day
Inactivity fee No
Read review For a detailed analysis of IC Markets services, check out our review for 2024

Recommended for forex traders looking for great account opening and customer service

Visit broker
75.2% of retail CFD accounts lose money

Pepperstone snapshot
Fees class Low
Minimum deposit $0
Deposit method Bank transfer, Credit/debit cards, POLi, BPay, PayPal, Neteller, Skrill, Union Pay, MPESA+FaceID
Withdrawal method Bank transfer, Credit/debit cards, POLi, BPay, PayPal, Neteller, Skrill, Union Pay, MPESA+FaceID
Withdrawal fee $0
Time to open account 1 day
Inactivity fee No
Read review For a detailed analysis of Pepperstone services, check out our review for 2024

Recommended for spread, forex and CFD traders looking for low fees and great deposit/withdrawal options

Visit broker
64% of retail CFD accounts lose money

Spreadex snapshot
Fees class Low
Minimum deposit $0
Deposit method Bank transfer, Credit/debit cards
Withdrawal method Bank transfer, Credit/debit cards
Withdrawal fee $0
Time to open account 1-3 days
Inactivity fee No
Read review For a detailed analysis of Spreadex services, check out our review for 2024

Recommended for investors and CFD traders looking for a great trading platform and excellent customer service

Visit broker
80.84% of retail CFD accounts lose money

Capital.com snapshot
Fees class Low
Minimum deposit $20
Deposit method Bank transfer, Credit/debit cards, Apple Pay, PayPal, Neteller, Skrill, Sofort, Trustly
Withdrawal method Bank transfer, Credit/debit cards, Apple Pay, PayPal, Neteller, Skrill, Sofort, Trustly
Withdrawal fee $0
Time to open account 1 day
Inactivity fee Yes
Read review For a detailed analysis of Capital.com services, check out our review for 2024

Recommended for forex traders looking for low fees who are familiar with the MetaTrader 4 platform

Visit broker
70% of retail CFD accounts lose money

Tickmill snapshot
Fees class Low
Minimum deposit $100
Deposit method Bank transfer, Credit/debit cards, Neteller, Skrill, dotpay, Paysafecard, Sofort, Rapid by Skrill, PayPal
Withdrawal method Bank transfer, Credit/debit cards, Neteller, Skrill, dotpay, Paysafecard, Sofort, Rapid by Skrill, PayPal
Withdrawal fee $0
Time to open account 1 day
Inactivity fee No
Read review For a detailed analysis of Tickmill services, check out our review for 2024
Axi Logo

Axi

Recommended for forex traders familiar with the MetaTrader 4 platform

Visit broker
76.3% of retail CFD accounts lose money

Axi snapshot
Fees class Low
Minimum deposit $0
Deposit method Bank transfer, Credit/debit cards, Neteller, Skrill, Sofort, GiroPay, iDeal, Polish Internet Banking, Global Collect, China Union Pay
Withdrawal method Bank transfer, Credit/debit cards, Neteller, Skrill, Sofort, GiroPay, iDeal, Polish Internet Banking, Global Collect, China Union Pay
Withdrawal fee $0
Time to open account 1-3 days
Inactivity fee Yes
Read review For a detailed analysis of Axi services, check out our review for 2024

Recommended for forex traders looking for low fees and a chance to use the MetaTrader 4 platform

Visit broker
74-89% of retail CFD accounts lose money

Fusion Markets snapshot
Fees class Low
Minimum deposit $0
Deposit method Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku
Withdrawal method Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku
Withdrawal fee $0
Time to open account 1 day
Inactivity fee No
Read review For a detailed analysis of Fusion Markets services, check out our review for 2024

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How did we select the best international online brokers in Nigeria in 2024?

  • We checked whether the broker is regulated by a trusted regulator,
  • Compared fees (including spreads, withdrawal fees, commissions),
  • We checked and compared every aspect of their services,
  • Opened an account and tested the platform (charting, features, usability) with real money.
Save hours of research!
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.

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Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

author image
Adam Nasli
Author of this article
I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.
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