Recently updated on October 30th, 2023 at 08:56 pm
Last Updated on October 30, 2023
Are you looking for legit Forex investment companies in Nigeria? It’s a tricky task because some companies pretend to be Forex experts but are just after your money.
Forex investment, also known as Forex trading, is pretty popular in Nigeria as a way to make money. But remember, all investments have risks. In Nigeria, you’ll find many Forex investment companies. Some are real, others are scams.
Forex is about trading currencies on a global market. But with so many companies claiming to help you invest or trade, it’s hard to tell the real from the fake.
Be cautious with companies that promise huge profits. One example is MBA Forex, which took lots of people’s money and never gave it back. That’s why we’ve put together a list of trustworthy Forex investment companies in Nigeria. These won’t run off with your cash.
Checkout: Best Investment Companies in Nigeria
List of Forex Investment Companies in Nigeria
Here’s a list of the top Forex investment companies in Nigeria for you:
1. Forextime (FXTM)
Forextime aka FXTM is one of the most popular forex investment companies in Nigeria. Launched in 2011, FXTM’s mission is to be a global leader in online trading.
With Forextime, you can start trading forex with at least N2,000. If you’re a beginner to forex trading, FXTM offers a demo account for you to learn the basics of forex till you fill confident to start trading with real money.
Forextime doesn’t just allow you to trade forex (currencies), you can also trade indices, commodities, stocks and cryptocurrencies.
This Forex trading app in Nigeria offers 19 deposit and withdrawal options, so funding your account and withdrawing from it shouldn’t be a hassle.
FXTM has a global network of offices across Europe, Africa, Asia, and Latin America, with over 3 million customers in 180 countries, with Nigeria included.
FXTM has a local telephone and local office line in Nigeria, so traders can easily contact them for support and withdrawal issues. This is something most forex investment companies in Nigeria do not possess.
Alpari is one of the biggest forex companies globally. Having existed for over 20 years, with a presence in 8 global locations, this forex platform has over 2 million customers.
Alpari is one of the forex investment companies in Nigeria with a local office in Abuja. This forex company’s mission is to create a sustainable trading environment for its users.
Alpari has 24-hour customer service, and a local deposit option, and is a good option for both beginner and expert forex traders. This forex company offers a wide range of financial instruments that include forex trading, commodities, spot metals, and CFDs.
Alpari also offers a demo account as well.
3. IC Markets
IC Markets is one of the top forex investment companies in Nigeria. They offer some of the lowest spreads in the market due to their relationships with some of the world’s leading reliable liquidity providers.
Because of IC Markets wide selection of trading options, all types of traders are attracted to this forex platform, like active day traders scalpers, and beginner traders.
IC Markets is a regulated Forex CFD Provider that caters to both retail and institutional traders. This forex company doesn’t just offer superior spreads in the market, it also offers superior execution and service as well.
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.
Pepperstone is definitely one of the biggest forex brokers in the world. Since the company launched in 2010, it has grown in leaps and bounds to become one of the most recognised brands in the Forex market.
This forex platform offers world-class tech-based trading that allows traders to take advantage of the investment opportunities available in the global market and also be equipped to take on the challenges it presents as well.
Pepperstone is an award-winning forex company. it is one of the top forex investment companies in Nigeria that has won prestigious awards.
This forex company is used by millions of traders because it offers excellent trading conditions with exceptional customer service.
With a simple and user-friendly user interface, anyone can start to trade easily with Pepperstone. You also get a demo account you can use to practice trading without risking your money.
You can also easily fund your trading account and make withdrawals easily with this forex broker.
5. Octa FX
Founded in 2011, OctaFX has grown into a renowned STP Forex broker globally. OctaFX is one of the favourite forex investment companies in Nigeria for traders because of the excellent trading conditions it offers them.
OctaFX has over 1.5 million trading accounts on its platform alongside numerous industry awards, with a presence in over 100 countries. This forex company is definitely one you can trust with your money.
A very popular feature of OctaFX is copy trading, where other traders can successfully copy the trades of a successful trader in a bid to make a profit.
Traders can also enjoy tight spreads on Octa FX with the potential to make 25% more than if you go with most other forex brokers in Nigeria.
When you sign up with this forex company, you’ll also get a 50% deposit bonus as well.
You will also enjoy the Octa FX fast withdrawal option, and you can even join the Octa FX free trading academy to improve your forex knowledge.
Also See: Forex Trading Apps in Nigeria
FXCM has excellent mobile trading and one-click order execution which makes it one of the best forex investment companies in Nigeria for any trader. FXCM was founded in 2015, with offices in London, New York, Hong Kong, Sydney, Berlin, and others, the brand has grown into a top forex trading app.
With the FXCM platform, you’ll have access to educational courses on Forex trading and top trading tools. You can also access wholesale execution and high liquidity with FXCM PRO.
FXCM customers have access to dedicated 24/5 customer support, so they can trade conveniently on the platform. FXCM also offers a demo account.
AvaTrade is a pioneer of online trading. The forex company launched in 2006 with a mission of redefining the online trading experience of retail traders. It has regional offices and support centres in Paris, Dublin, Milan, Tokyo, and Sydney
AvaTrade is one of the most reputable forex investment companies in Nigeria, as it continues to provide a reliable trading environment for its customers.
AvaTrade offers trading instruments that include forex trading, stocks, commodities, and indices.
Avatrade claims to execute over 2 million trades a month from over 200,000 customers around the world, with its trading volume exceeding $60 billion each month.
Avatrade’s simple-to-use platform and its industry award prove it is a great option for forex investments in Nigeria.
Also See: Forex Trading Sessions in Nigeria Time
Launched in 2014 in a bid to innovate in the current market, ExpertOption’s main selling point was its transparent trading experience.
This forex company’s simplistic trading platform allowed clients to easily make trades without navigation hassles. ExpertOption also has a focus on providing forex and financial education to their customers as they want to ensure a good customer experience.
ExpertOption platform is available on the Web, Windows, macOS, iPhone, iPad, and Android.
Another thing that makes Expertoption great is its speed. Traders can expect fast trading execution speed, no delays in order executions and no lags in the user interface as this forex platform uses cutting-edge technologies.
There are over 30 million accounts on the ExpertOption platform with the company seeing over 30 million transactions per month. You can also get a demo account for practising your forex trading with Expertoption before deciding to use real funds to trade on a live account.
It is important that you read the terms and conditions of any forex platform before you decide to open an account and invest your money with them.
Also, take a close look at their different packages and choose the package that suits you the most.
You don’t have to trade forex your self and you can give trusted local forex your funds to trade for you. The risk is very high, as they will take more risks with your funds and will likely end up losing your money.
The best option is to learn how to start forex trading or you check out legit investment platforms in Nigeria where you can stash your money and they do all the work. The only thing is you might just get moderate returns on your money.