We found 11 online brokers that are appropriate for Trading Nigerian Markets Brokers.
When it comes to Forex trading in Nigeria, you will want to know how the time difference may effect your trades.
The market in London opens from 3:00 AM to 11 AM. Meanwhile, if you are trading in New York, the marketplace is open from 7:000 AM to 4 PM, Japan or Australia Markets will be open from 7:00 PM to 4 AM.
The trading times are different from one market to another simply because of the time difference between the different regions.
Forex Trading Time in Nigeria is different from other countries also.
Forex Trading is beneficial as it is available 24 hours a day from 5pm Sunday to 5pm ET on Friday.
Bear in mind that holidays do not prevent the market from stopping. There will be risks of non-liquid conditions at the early of the trading week opening. So, you will want to be aware of the situation of the market.
You might have a question if it is possible to trade in Nigeria on Sunday. Well, there’s a scenario which you can work around so that you can conduct the Forex trading anytime you want.
Normally, common brokerages will start trading during weekdays from 00:00 on Mondays to 24:00 on Friday.
But if you want to trade on Sunday from Nigeria, you could stick to an Australian brokerage. There are some brokerages that you can find overseas in Australia. But you could just focus on the renowned ones such as Pepperstone or IC Markets. In this instance, you can trade on Sunday starting from 15:00 Nigerian time.
Forex Market is not centralized. Rather, the activities are prevalent for various participants which have the networks across the globe.
Therefore, the market can happen across the globe with at different times. Although it is open 24 hours, you will want to be certain that you can proceed at your location.
The market opens from 5 p.m. EST on Sunday until 4 p.m. EST on Friday. But as mentioned, if you are using an Australian brokerage account, you can start trading from Sunday from 15:00 Nigerian Time.
Think about joining with an Australian brokerage if you want to be ahead of competitors.
It is important to find out the right time to trade in Nigeria so that you can maximize your earning and minimize the risks.
Traders from Nigeria must trade during the opening hours of the London session from 8:00 AM to early New York Session hours until five PM Nigerian Time.
The Nigerian traders could stick to this time window to optimize their opportunities to earn money from Forex trading.
This time is the most liquid in terms of some currency pairs. During this time window, consider the top currency pairs like EUR/USD, and GBP/USD, USD/JPY, and more.
Some people might want to know the best time to trade Forex in Nigeria but the market is open 24 hours a day and five days a week. It would not be an exaggeration to say that the opportunities are always available.
Undertanding Forex Market hours in the Nigerian time zone is important for all the beginners who take part in the specific Nigerian financial markets.
First, you will need to comprehend the three major trading sessions in the world: The Asian Session, European Session, and American Session.
Major brokerages that you find will represent these main trading sessions.
The Forex market hours are similar to the local business hours in terms of open and close time.
It is completely up to you to join any trading session you want. Some people take Forex trading as their main source of income.
Meanwhile, some people want to spare time besides their main core activity.
Either way, you will want to trade in the Nigerian timezone trading hours. Here are the trading hours for traders in Nigerian in Lagos time:
The Asian session indeed has a major time difference with Lagos time. Therefore, the trading session with Asia is converted to Lagos time which is from 12:00 AM to 09:00 AM GMT+1.
Asian sessions are a prevalent choice for those who can stay up past midnight to dawn in Nigeria.
London Session could be a great option if you can wake up early on a daily basis, to take advantage of the time diiference.
the London session happens from 08:00 AM to 05:00 PM GMT+1. If you have any reason to trade in the London Forex market, then it would be idea to understand and take advantage of the London trading session.
The New York Session time, after converted to Lagos Time will be a prevalent choice for those who have free time after work.
If noon to dusk is your spare time, you could trade the New York session which takes place from 02:00 PM to 11:00 PM GMT+1.
We have conducted extensive research and analysis on over multiple data points on Nigeria Trading Times to present you with a comprehensive guide that can help you find the most suitable Nigeria Trading Times. Below we shortlist what we think are the best Nigerian Markets Brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Nigeria Trading Times.
Selecting a reliable and reputable online Nigerian Markets Brokers trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Nigerian Markets Brokers more confidently.
Selecting the right online Nigerian Markets Brokers trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Nigerian Markets Brokers trading, it's essential to compare the different options available to you. Our Nigerian Markets Brokers brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Nigerian Markets Brokers broker that best suits your needs and preferences for Nigerian Markets Brokers. Our Nigerian Markets Brokers broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Nigerian Markets Brokers.
Compare Nigerian Markets Brokers brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Nigerian Markets Brokers broker, it's crucial to compare several factors to choose the right one for your Nigerian Markets Brokers needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Nigerian Markets Brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Nigerian Markets Brokers that accept Nigerian Markets Brokers clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
Support |
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Learn More |
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Up with icmarkets |
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Up with roboforex |
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Up with etoro |
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Up with xtb |
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Up with xm |
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Up with pepperstone |
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Up with avatrade |
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Up with fpmarkets |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Nigerian Markets Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Nigerian Markets Brokers for 2024 article further below. You can see it now by clicking here
We have listed top Nigerian Markets Brokers below.
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