Binary Option Training In Nigeria

7 All-time Regulated Binary Options Brokers in Nigeria

seven All-time Regulated Binary Binary Options Brokers in Nigeria revealed. We
tested and verifiedthe all-time regulated binary options, forex brokers, for Nigerian Traders.

This is a consummate list of binary options forex brokers in Nigeria.

In this in-depth guide you’ll acquire:

  • What is a Binary Options Banker?
  • Which binary options brokers are best for Nigerian Traders?
  • Our recommended
    $5 (two 075 NGN)
    low deposit binary options
    brokers for Nigerian Beginner Traders?
  • How to
    binary options forex trading brokers
    each other?
  • Which brokers offer a
    signup bonus
    for beginning-time traders?
  • Which Binary Options Brokers offer a
    mobile app
  • Which regulated binary options brokers offer  traders to trade on the
    MT4/MetaTrader iv and MT5/MetaTrader 5

And lots more…

Then if you lot’re ready to go “all in” with the best-tested regulated binary options brokers for Nigerians…

Permit’s dive right in…

Louis Schoeman

  • Louis Schoeman

Best Regulated Binary Options Brokers in Nigeria – Comparison

🥇 Broker ✔️ Regulated Binary Options Broker? 💸 Minimum Eolith (₦) ✔️ Nigerian Naira-based Account? 💰 NGN Deposits Immune? 👉 Open up An Account
ane. Alpari Yes 1,000 NGN Aye Yes 👉
Open Business relationship
two. AvaTrade Yes 41,500 NGN No Yes 👉
Open Account
3. HotForex Yes 2,000 NGN No No 👉
Open Account
4. Pepperstone Aye 60,700 NGN No Yeah 👉
Open Account
five. FXTM Yes x,000 NGN Yes Yes 👉
Open Account
half dozen. FP Markets Yes 30,800 NGN No Yeah 👉
Open Business relationship
7. Go Markets Aye 61,700 NGN No No 👉
Open up Account

vii All-time Regulated Binary Options Brokers in Nigeria (Updated 2022)

  1. Alpari – Overall, All-time Regulated Binary Options Broker in Nigeria
  2. AvaTrade – Offers a Diverse Range of Financial Markets to Nigerians
  3. HotForex – All-time Broker for Beginner Traders
  4. Pepperstone – Best Binary Options Broker with Trading Tools
  5. FP Markets – Best MT4 and MT5 Trading Platform Broker
  6. FXTM – Best Depression-Deposit Broker in Nigeria
  7. Become Markets – Best Regulated Binary Options Broker with an ECN Business relationship

What are binary options?

👉 Binary options are financial options that have one of two payoff alternatives. These alternatives are either a stock-still sum or zip at all if the contract is kept open until expiration. They are referred to as binary options considering there is no other way to settle the trade.

1. Alpari

FP Markets Review 2


👉 Alpari’s clients in Nigeria have admission to more than than 250 markets, including forex, stocks, indices, metals, and cryptocurrencies.

👉 Alpari offers the MetaTrader 4 and MetaTrader five platforms on its desktop, online, and mobile platforms, respectively, and on its web platform.

👉 The OptionTrader demo version is now available in the “Binary Options” area of Alpari’due south website, assuasive you lot to practice your trading skills without having to register with the banker.

👉 You may now exercise your trading skills on Spread High / Low options, likewise as other forms of options, without fifty-fifty needing to register for myAlpari.

Unique Features

Feature Information
⚖️ Regulation Financial Services Commission Mauritius (FSC)
📲 Social Media Platforms • Facebook
• Twitter
• Instagram
🏛 CBN Regulation? No
💻 Trading Accounts Forex Standard Account (MT4), Forex Micro Account (MT4),
Forex ECN Account (MT4/5), Forex Pro Account (MT4)
📱 Trading Platform MetaTrader 4 and MetaTrader 5
💵 Minimum Eolith (₦) 1,000 Naira
💳 Trading Assets Forex Majors, Forex Minors, Forex Exotics, Forex RUB, Spot Metals, Spot Commodities, Stock Trading, Spot Indices
💸 Nigerian Naira-based Account? Aye
✔️ NGN Deposits Allowed? Yeah
💵 Bonuses for Nigerian traders? Yep
📊 Minimum spread From 0.4 pips
💻 Demo Account Yes
☪️ Islamic Account Yes
✔️ Pros ❌ Cons
Alpari has Nigerian-based offices and support In that location are express tradable instruments
The banker is a member of the Financial Commission (FC) There is a lack of comprehensive educational materials for novice traders
Offers popular forex trading platforms including proprietary trading platforms and trading apps There are no fixed tight spread accounts
Trading Signals are offered through AutoChartist, ane of the all-time 3rd-party providers in the trading manufacture The broker does not accept regulation or authorization through the Financial Conduct Authority
PAMM Managed Accounts are offered
News on the website is streamed through FxWirePro
There is multilingual customer support offered
Commission-gratuitous trading options provided
Welcomes traders despite their trading style or trading feel
Offers competitive trading conditions across trading accounts including some of the lowest spreads on leveraged trading

Trust Score and Nigerian Market Share

🥇 Alpari has a trust score of 95% and an overall market place share of more than 14%.

2. AvaTrade

avatrade logo 2

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central


👉 In 2006, AvaTrade became a leading binary options broker, earning a number of pregnant financial industry accolades over its tenure in the business.

👉 Today, it is a multinational corporation that provides its investors with access to a diverse range of financial markets. AvaTrade is a trading platform that caters to the needs of all traders, from the rookie to the experienced.

👉 It offers 24-hour customer service, a large option of assets, and an easily navigable trading surroundings. This broker as well provides a comprehensive range of educational resources besides as a number of extra features.

Unique Features

Feature Data
⚖️ Regulation Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA
⚖️ CBN Regulation No
📊 Trading Accounts Retail Investor Business relationship, Professional person Account Option
💻 Trading Platform AvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade
💳 Minimum Deposit (₦) 41,000 Nigerian Naira equivalent to $100
📈 Trading Assets Foreign currencies, Cryptocurrencies, Bolt, Treasuries, Bonds, Indices, Stocks, ETFs, Options, Contract for Difference (CFD), Precious Metals
📊 Nigerian Naira-based Account? No
💳 NGN Deposits Allowed No
💰 Bonuses for Nigerian traders Aye
📈 Minimum spread 0.9 pips EUR/USD
📈 Demo Account Yes
☪️ Islamic Account Yes
📊 Social Trading Offered Yes
✔️ Pros ❌ Cons
AvaTrade is multi-regulated and 1 of the most trusted online trading brokers in the world Variable spreads are non offered
There is a broad range of fiscal instruments that can be traded across financial markets In that location is a limited selection between account types
At that place are several technical indicators, economical indicators, and other solutions for advanced traders Inactivity fees are applied
At that place are several trading platforms to choose from Currency conversion fees may be applied
There is a decent option of educational material that helps beginner traders navigate complex instruments and lower the degree of risk they are ofttimes exposed to There is a limited number of base of operations currency options offered on accounts
At that place is a multitude of social trading opportunities offered
The broker accepts whatever trading strategy including automated trading, good advisors, scalping, hedging, and others.

Trust Score and Nigerian Marketplace Share

🥇 AvaTrade has a high trust score of 96% and a marketplace share of <v% in Nigeria.

iii. HotForex

HF Markets

MetaTrader four and MetaTrader 5


👉 More 150 trading instruments, including forex, commodities, indices (stocks and futures), bonds, and CFDs on cryptocurrencies, are available to Nigerian traders with HotForex.

👉 HotForex’south trading accounts are available in a range of configurations, each of which includes commission-free forex trading for Nigerians.

👉 Binary options will exist available to traders at HotForex as a fully licensed and regulated options broker by the Cyprus Securities and Exchange Committee (CySEC).

👉 A number of analysts believe that the extraordinarily volatile nature of binary options puts investors at risk to an excessive degree. But HotForex claims that binary options are easily accessible to traders of all levels of experience, even beginners.

Unique Features

Feature Information
⚖️ Regulation FSCA, CySEC, DFSA, FSA, FCA, FSC, with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions
⚖️ CBN Regulation No
📊 Trading Accounts MT5/MT 4 Micro Account, Premium Business relationship, HFcopy Business relationship, Zero Spread Account, Auto Account
💻 Trading Platform MetaTrader four, MetaTrader five
💳 Minimum Deposit (₦) 2,000 Nigerian Naira equivalent to $5
📈 Trading Assets Forex Currency Pairs, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Equity markets and Stocks DMA, ETFs
📊 Nigerian Naira-based Business relationship? No
💳 NGN Deposits Immune No
💰 Bonuses for Nigerian traders Yes
📈 Minimum spread 0.0 pips EUR/USD
📈 Demo Account Yeah
☪️ Islamic Business relationship Yes
✔️ Pros ❌ Cons
Well-regulated CFD and Forex banker that has a decent trust score United States clients and some other regions are not accepted by HotForex
The spreads offered are low and competitive There may exist restricted leverage for EU clients because of regulatory requirements
In that location are several business relationship types to cull from with reasonable trading fees charged There are no variable spread accounts offered
HotForex welcomes all types of traders and trading strategies Express funding options offered for deposits and withdrawals
There is a depression minimum deposit requirement and secure methods for deposits and withdrawals
Suited to beginner traders and experienced traders
Offers comprehensive expert trading and market analysis
Offers a decent selection of educational tools and a range of trading tools

Trust Score and Nigerian Market place Share

🥇 HotForex has a trust score of 83% and a Nigerian marketplace share of 2.5%.

4. Pepperstone


Australia, Bahamas, Cyprus, Dubai, Deutschland, Republic of kenya, United kingdom of great britain and northern ireland

MetaTrader 4, MetaTrader v, cTrader and TradeView


👉 Internationally recognized FCA and ASIC regulated banker Pepperstone has high-speed execution and an offering for novices that other ECN brokers lack.

👉 Pepperstone’s clients accept admission to the most cutting-edge trading tools and the most competitive spreads in the industry, thanks to the company’s longstanding partnership with the 3 major 3rd-political party trading platforms.

👉 Pepperstone is a fantastic alternative for Forex traders in Nigeria seeking for a depression-cost and dependable ECN broker with good teaching and market analysis sections and a decent array of trading tools.

Unique Features

Feature Information
⚖️ Regulation ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
📱 Social Media Platforms • Facebook
• Twitter
• Instagram
• LinkedIn
• YouTube
🏛 CBN Regulation? No
💻 Trading Accounts Standard account, Razor Account, Professional Account.
📲 Trading Platform MetaTrader iv, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade
💰 Minimum Eolith (₦) 60,700 Nigerian Naira
💸 Trading Assets • Forex
• Cryptocurrencies
• Shares
• ETFs
• Indices
• Bolt
• Currency Indices
💵 Nigerian Naira-based Business relationship? No
✔️ NGN Deposits Immune? Yep
💰 Bonuses for Nigerian traders? No
📊 Minimum spread From 0.0 pips
✔️ Demo Account Yeah
☪️ Islamic Business relationship Yes
✔️ Pros ❌ Cons
Pepperstone ensures client fund security by keeping it in segregated accounts Nigerian traders do not have a Naira-denominated trading account
Pepperstone is both a multi-regulated and multi-award-winning broker In that location are additional fees applied to the Islamic business relationship
Pepperstone caters for all types of traders despite their trading experience or style There are some leverage restrictions
Well-regulated past some of the tiptop market regulatory entities
Pepperstone accepts Nigerian traders and provides a plethora of educational material for beginners
There is a demo account and Islamic account offered
There are several funding options offered to traders
Deposit fees and withdrawal fees are not charged

Trust Score and Nigerian Market Share

🥇 Pepperstone has a very high trust score of 92% and a market share of <5% in Nigeria.

5. FP Markets


MetaTrader 4, MetaTrader 5


👉 Trading platforms like MetaTrader 4, MetaTrader five, and Iress are available from FP Markets, which besides offers raw spreads and large leverage to its clients.

👉 FP Markets provides an outstanding trading environs, with raw spreads and the option of either ECN or DMA accounts every bit a trading option.

👉 The MetaTrader and Iress trading platforms are suitable for both novices and experienced traders, and there is a wide range of FX, equity CFDs, futures, and cryptocurrencies to choose from.

👉 Customers will capeesh the loftier level of client support, the quick sign-up process, as well as the user-friendly client interface that makes FP Markets an fantabulous choice for traders of all experience levels.

Unique Features

Feature Data
⚖️ Regulation ASIC, CySEC
📲 Social Media Platforms • Instagram
• Facebook
• Twitter
• YouTube
🏛 CBN Regulation? No
💻 Trading Accounts MT4/v Standard Account, MT4/five Raw Account, MT4/5 Islamic Standard Business relationship, MT4/v Islamic Raw Business relationship
📱 Trading Platform cTrader, MT4 and MT5
💵 Minimum Eolith (₦) xxx,800 NGN
💰 Trading Avails • Forex
• Shares
• Metals
• Commodities
• Indices
• Cryptocurrencies
• Bonds
💸 Nigerian Naira-based Business relationship? No
✔️ NGN Deposits Immune? Yeah
💰 Bonuses for Nigerian traders? No
📊 Minimum spread from 0.0 pips
💻 Demo Account Yes
☪️ Islamic Business relationship Aye
✔️ Pros ❌ Cons
FP Markets is a well-regulated banker that has a high level of trustworthiness There are no fixed spread accounts offered
At that place is a wide range of markets that tin can be traded across asset classes In that location is no defended Naira account offered to Nigerian traders
There are powerful trading platforms supported across devices There are withdrawal fees charged
Nigerian traders receive an ECN pricing model with raw and tight spreads At that place are administration fees charged on the Islamic Account
There is guaranteed fast trade execution through the Equinix servers
Commission-free trading is provided
There is a dedicated Islamic account option for Muslim traders
Copy-trading and automatic trading is offered
There is a dedicated educational trader’s hub

Trust Score and Nigerian Market Share

🥇 FP Markets has a loftier trust score of 81% and a market place share of <5% in Nigeria.


FXTM Review 1

MetaTrader 4 and MetaTrader 5


👉 Many new traders in Nigeria will find FXTM to exist a fantastic choice for them. FXTM includes a Micro Account with a cheap initial eolith, a dandy copy trading platform, and a range of learning courses in both video and written media, among other things.

👉 Beginning traders tin also benefit from its daily market analysis, which helps them embrace the real-globe ramifications of news events on the options market and where trading opportunities exist.

Unique Features

Characteristic Information
⚖️ Regulation CySEC, FSCA, FCA, FSC Republic of mauritius
📲 Social Media Platforms • Facebook
• Twitter
• LinkedIn
• Instagram
• YouTube
• Telegram
⚖️ CBN Regulation? No
💻 Trading Accounts Micro Account, Advantage Account, Advantage Plus Account
📱 Trading Platform MetaTrader 4, MetaTrader v, FXTM Trader
💵 Minimum Deposit (₦) 10,000 Naira
💳 Trading Assets Precious Metals, Stock Trading, Stock CFDs, Indices, Forex Indices, Forex Currency Pairs, Commodities, Stock Baskets
✔️ Nigerian Naira-based Account? Yes
💸 NGN Deposits Allowed? Yes
💰 Bonuses for Nigerian traders? Yes
📊 Minimum spread From 0.0 pips
✔️ Demo Account Yes
☪️ Islamic Account Yes
✔️ Pros ❌ Cons
FXTM is a multi-regulated and award-winning forex broker Inactivity fees are charged on dormant accounts
At that place is a defended client support squad available FXTM does non offer its services to United States clients
In that location are several easy and quick funding and withdrawal methods offered
At that place are three dynamic retail investor accounts to choose from with high maximum leverage ratios
Low minimum eolith requirements and commission-free trading offered
Deposit fees are not charged on any of the payment methods offered and the processing times on withdrawals are quick
There is a option of educational tools offered and inquiry tools for experienced traders
At that place is dedicated customer support offered in multiple languages

Trust Score and Nigerian Market Share

🥇 FXTM has a trust score of 93% and an overall market share of over 9.6% in Nigeria.

7. GO Markets

Go Markets logo



👉 In addition to having an ECN account, GO Markets offers a reasonable choice of tradable products on both the MT4 and MT5 trading platforms, which are both well-regulated.

👉 Become Markets’ most prominent feature is the sheer volume of trading tools available to clients, which includes a VPS hosting service, Autochartist and Trading Central, as well every bit MT4/MT5 Genesis and A-Quant, which provides a plethora of daily trading signals.

Unique Features

Feature Information
⚖️ Regulation ASIC, FSA Seychelles, FSC Mauritius, CySEC
📲 Social Media Platforms • Instagram
• Facebook
• Twitter
• YouTube
🏛 CBN Regulation? No
💻 Trading Accounts Standard Account, Get+ Account
📱 Trading Platform • MetaTrader 4
• MetaTrader five
💸 Minimum Eolith (₦) 61,700 NGN
💵 Trading Assets • Forex CFDs
• Share CFDs
• Index CFDs
• Metal CFDs
• Commodity CFDs
💰 Nigerian Naira-based Account? No
💳 NGN Deposits Allowed? No
💸 Bonuses for Nigerian traders? No
📊 Minimum spread From 0.1 pips
💻 Demo Account Yes
☪️ Islamic Account No
✔️ Pros ❌ Cons
GO Markets is a well-regulated banker with a high trust score There is a high minimum deposit
GO Markets offers powerful and user-friendly trading platforms across devices There is no Islamic account choice provided for Muslim traders
At that place are commission-free trading options offered Nigerian traders may face up currency conversion fees when they eolith in Nigerian Naira
Become Markets offers tight spreads and competitive commissions There are no local deposits and withdrawals offered to Nigerian traders
Trading Cardinal, VPS, Myfxbook, AutoChartist, and MT4/five Genesis is offered There are no Nigerian Naira-denominated accounts
Traders take admission to a-Quant tools
There is a comprehensive GO Merchandise University educational portal for beginners
Become Markets offers dedicated client support

Trust Score and Nigerian Market Share

🥇 GO Markets has a high trust score of 98% and a market share of <v% in Nigeria.

Understanding how binary options piece of work

👉 When it comes to binary options, the supposition is a straightforward yeah or no proposition: Will an underlying asset exist trading to a higher place a specific cost at a certain time?

👉 Equally a result, it is i of the nigh straightforward fiscal assets to trade, with traders placing transactions based on whether they believe the response is yes or no.

👉 Considering of its simplicity, it has gained widespread credence among traders and newbies to the fiscal markets.

👉 Even though binary options announced to be uncomplicated, traders should thoroughly grasp how they function, which markets and time frames they may trade with binary options, likewise equally the advantages and downsides of using these products.

👉 Investing in binary options is every bit easy as asking a unproblematic question: will this marketplace exist to a higher place this price at this item indicate in time? If you believe it is, y’all purchase; if you lot believe it is not, you sell.

👉 As a result, binary options are priced between $0 and $100, assuasive yous to cull how much capital you are willing to risk.

👉 Because each contract will prove yous the greatest corporeality of money you lot may win and the maximum amount of coin yous could lose, y’all can always make an informed conclusion and ensure that losses do not screw out of hand.

👉 If your merchandise is a success, you will receive a $100 payout, which ways your profit will be $100 less the money y’all spent to open the transaction, resulting in a profit of $100.

👉 If your bargain does not go through, you volition not receive a compensation for it. This ways that you lot have lost your capital, merely not anything else, considering your run a risk has been limited.

👉 Binary option contracts can provide traders with fast-paced trading opportunities while likewise limiting their exposure to take chances, making them an excellent choice for traders of all levels of experience.

👉 Maintaining focus on your trading strategy while also managing risk is critical for success. This will prevent you from putting also much money at danger and losing more than coin than you tin beget to lose.

How to ready up a binary options contract

👉 A contract for a binary option is composed of 3 primal components:

  1. The market on which everything is congenital. This is the marketplace on which yous want to trade – typically brokers offer forex, stock indexes, bolt, and sporting events as trading options.
  2. The striking price is the price at which a contract is terminated. This is the critical price level at which the market must operate. The hit toll is critical to the decision-making process in binary options – in social club to conduct a trade, you must determine whether you believe the underlying market will exist above or below the strike price.
  3. The date and time of the expiration. Yous can trade binary pick contracts with durations ranging from five minutes to one week, with the shortest contracts lasting only 5 minutes.

👉 Traders tin can access four markets for binary options, namely:

➡️ Forex

➡️ Stock indices

➡️ Commodities

➡️ Events

How to choose a forex broker

👉 Nigerian traders must evaluate the following components of a forex broker to decide whether the broker is suited to their unique trading objectives and/or needs.

Regulations and Licenses

👉 This is the starting time important component that traders must thoroughly evaluate. Reputable brokers are regulated past market place regulators such every bit FCA, ASIC, CySEC, FSCA, and others. Nigerians must beware when dealing with brokers that only have offshore regulations such as FSA, SVG BVI, FSC, and others.

Account Features

👉 Account Features include leverage trading and margin requirement, commissions and spreads, initial deposit, additional features on retail investor accounts, and and then on.

Deposits and Withdrawals

👉 Nigerians must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits amid other trading and not-trading fees.

Range of Markets

👉 The range of markets offered refers to the number and range of tradable instruments that the broker offers. Nigerians must consider what they wish to trade and what is bachelor.

Client Support

👉 Client Support is another crucial gene and Nigerians must check the availability of support (trading hours), the quality of support, and the promptness with which the client support team responds to queries.

Trading Platform

👉 A trading platform is the Nigerian trader’s portal to the financial markets. Traders must ensure that the trading platform has the necessary technical indicators, cardinal analysis, technical analysis, economic agenda, charting, newsfeed, and other tools they may need.

Instruction and Research

👉 Education and Research come in handy to both novice traders and experienced investors. Pedagogy includes some of the following:

➡️ eBooks

➡️ Trading guides

➡️ Trading noesis on leveraged products

➡️ A risk warning on circuitous instruments

➡️ Educational videos

👉 Research can include some of the following:

➡️ Trading tools

➡️ Commentary

➡️ Status of International Markets

➡️ Toll movements

➡️ Market sentiments

➡️ Whether there is a volatile market

➡️ Exchange Rates

➡️ Skillful opinions and several other resource can aid experienced traders make informed trading decisions.


Is it safe to merchandise binary options?

Compared to other high-adventure trades, trading in binary options with a broker is far safer in general. It’s simple and straightforward, with a clear agreement of how much you may expect to win or lose before making a conclusion. If yous don’t know what yous’re doing with your investments, you’re not going to lose coin.

Tin can you win with binary options?

There are merely two possible outcomes: winning or losing a certain sum of coin. Additionally, there are no additional fees or commissions involved.

Is binary trading legal?

Binary options trading is legal every bit long as information technology is conducted through a legitimately regulated binary options broker.

What is the best time for binary options trading?

Trading binary options on currencies between viii a.thou. and 12 a.m. is ideal. A majority of trading takes place between eight AM and 12 AM (Eastern Standard Fourth dimension) in the United States and Europe.

Tin you merchandise binary options 24/vii?

Most binary options are traded on a 24 hour basis. There are certain times when binary options are improve traded than others.


👉 Overall, binary options trading is a straightforward and relatively low-run a risk trading method that is all-time conducted through regulated binary options brokers in Nigeria.


Baca juga:  The Best Binary Options Signal Service