Best forex brokers with instant withdrawal

What distinguish a reliable broker from the "kitchen"? Right, a quick withdrawal.

Top forex bonuses

Brokers with fast withdrawals, best forex brokers with instant withdrawal.

You did a good job and deserve to your money received into a bank account as soon as possible. When a broker starts to hinder the withdrawal of your funds, offering to send additional documents or scan of credit card, this is direct evidence that there is "kitchen". Of course, you need to keep in mind that verification of your documents is a prerequisite for any reliable broker. But when the verification has already been passed, and the broker requires all new and new documents, then it is just an excuse for you not to pay your hard-earned money. Are there brokers with fast withdrawal an experiment, for the fastest withdrawals, read our review.

Brokers with fast withdrawals

Are there brokers with fast withdrawal an experiment, for the fastest withdrawals, read our review.

What distinguish a reliable broker from the "kitchen"? Right, a quick withdrawal. You did a good job and deserve to your money received into a bank account as soon as possible. When a broker starts to hinder the withdrawal of your funds, offering to send additional documents or scan of credit card, this is direct evidence that there is "kitchen". Of course, you need to keep in mind that verification of your documents is a prerequisite for any reliable broker. But when the verification has already been passed, and the broker requires all new and new documents, then it is just an excuse for you not to pay your hard-earned money.

Forex brokers with fast money withdrawal 2021

We have prepared for you TOP brokers with fast withdrawal. For the purity of the experiment, we took brokers with withdrawal to online payment systems. The withdrawal was carried out three times at the same time on all brokers participating in the experiment at different hours and days of the week, excluding weekends. We do not recommend you to order a withdrawal on weekends and holidays, as finance departments of the brokers and banks through which payments are made, only work on weekdays. As a result, we obtained the following results:

Roboforex. First place in our ranking of brokers with fast withdrawal is roboforex ( reviews ) – on if you took about 1-3 minutes, and as representatives of a broker, applications for withdrawals are processed, even at night and on weekends. In addition, roboforex offers two days per month to withdraw funds without a fee. Also, roboforex in 2021 supports withdrawals through bitcoin and ETH, the withdrawal speed is few hours;

Freshforex. In second place freshforex – withdrawal is carried out within 5-10 minutes without commissions;

Forex4you. Withdrawal with the broker forex4you takes about 20-30 minutes;

Amarkets. Another broker amarkets with fast money withdrawal – from a few minutes to an hour;

Alpari. The average withdrawal time in alpari takes from several minutes to 6 hours. The first withdrawal will call you on the cell phone to clarify the amount of output, then processing of applications will be faster.

Tag: instant withdrawal

Forex time announces no-fee deposits and instant withdrawals

International forex broker forextime (FXTM), has announced the launch of a new initiative with no-fee deposits and instant withdrawals, which is now available to all traders using the FXTM trading platform. Read more

FBS reaches out to arab world via cashu payment method

FBS, the belize-registered forex broker, is really stepping it up in terms of payment methods and has just added cashu to its list of possibilities to deposit and withdraw funds from one's account. Read more

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List of the best 23 forex brokers | trusted reviews

Are you looking for a good and serious forex broker? – then this page is the right place for you. Thanks to the large selection on the internet it is often difficult to make the right decision. With more than 7 years of experience in the financial markets, we present you with the best providers with top service and without hidden costs. Find out in the following texts how to select a secure forex provider and which online broker offers the best conditions.

Broker:	review:	regulation:	spreads:	assets:	advantages:	open account:
1. Bdswiss	(5 / 5) ➜ read the review	cysec, FSC	starting 0.0 pips + $ 2.0 commission per 1 lot	250+ (50+ currency pairs)	+ individual offers + trading signals + raw spreads + leverage up to 1:500 + best education + personal support

Watch our full video review about the best forex brokers (risk warning: your capital is at risk):

Strict criteria for the forex broker review

In contrast to many other comparison sites, we present you on this website only the safest providers with the best conditions for traders. As experts with many years of experience, we have tested many forex brokers and still use some of them. A good provider should have certain characteristics that guarantee good and safe investing.

It is not uncommon to hear of fraud on the internet. This is to be avoided by this comparison. In addition, one would like to save on charges as a trader because the costs for the trade reduce of course the actual profits. Also, the security of customer’s money is of high priority. A regulation or license, for example, is urgently needed for secure trading with international brokers. All these criteria and many more are included in the test. Therefore we can present you on this page the best forex brokers in a list.

Proven facts for a good forex broker:

Regulation and license of an official finance authority

High safety of customer funds

Fast and reliable market execution

Small forex trading fees and no hidden fees

No requotes (high liquidity)

User-friendly trading platform

Free and unlimited demo account

Professional support

Fast deposit and withdraw methods

How does a forex broker work?

A forex broker is an intermediary between a client (trader) and the interbank market for currencies (wikipedia). In addition, the broker can lend capital to the trader so that he can trade with leverage. The broker’s income is generated by the spread and the cost of financing the leveraged positions.

There are 2 different models of brokers: market maker and ECN/NDD broker

Example of live spreads for forex brokers

Market maker:

This broker does not place the trader’s orders directly into the real interbank or spot market. There is an internal matching system between the positions of the traders. Of course, the broker can hedge himself on the real markets so that there are no distortions in supply and demand. In most cases, this system can be opaque, and only as a broker employee, you know the exact functions. A market maker forex broker is not bad or scam. Nowadays, most providers offer good and exact executions.

ECN/NDD (no dealing desk) broker:

ECN and NDD mean direct access to the interbank market through various liquidity providers. These are large banks or very large forex brokers. The provider places the trader’s orders directly into the real market. So the customers get direct and real market prices for trading. With this model, there is no conflict of interest between trader and broker. Zero (no) spread accounts are offered.

Warning: only trade with regulated and licensed forex brokers

Security has the highest priority in online trading. When it comes to trading leveraged financial products, you have to be able to trust the forex broker. It is not uncommon for large sums of money to be used to generate a large profit. For example, brokers in europe must have regulations or licenses if they want to offer their services. The regulation can be in any european country. The same or almost the same requirements apply to brokers everywhere. In order to avoid fraud, it is important to look for such a license.

Licenses are only issued under certain conditions and criteria. If a broker violates these conditions, the license may be withdrawn immediately. All tested companies of mine are always concerned to keep the highest criteria and to guarantee a safe trade. Many brokers, for example, are regulated in cyprus. This has tax advantages. Nevertheless, there are also forex brokers with more than one regulation. The various regulatory authorities can be seen in the table above.

Facts of reliable and secure companies:

Regulation and license

Separated customer funds

Regulated deposit and withdrawal methods

Using well-known banks

Large liquidity providers

Another important point for serious trading is the security of customer funds. Payouts of winnings or the deposited amount should work smoothly. It was not uncommon for some brokers to speculate on customer funds themselves. In the end, withdrawals were refused or delays occurred.

How risky is forex trading?

Forex trading is managed by leveraged financial products. That means you are able to trade a bigger contract size than the amount of money in your account. Some brokers offer the leverage up to 1:3000. Many traders are afraid of the obligation to make margin calls and this is not without reason as the past has shown. Account balances could slip into the negative balance. This is possible due to extreme market situations and too large a position size in relation to the account balance.

The providers shown above all have no obligation to make additional contributions (except IC markets and vantage FX). With the providers in the upper table, you are therefore protected against such a scenario. In our experience, this can only happen if the account is too heavily leveraged. You should always beware of sensible risk management.

Beginners should always start with the free demo account to practice forex trading.

A demo account is essential for successful trading. The trading column form and conditions can be tested extensively with this account. It is a virtual credit account that simulates real money trading. It can be traded without risk. This means that new strategies can be developed or new markets tested. The demo accounts of the compared providers are completely free and unlimited. This account is best suited for entry into forex trading.

How to deposit and withdrawal money:

For most traders, the first deposit into their account is very exciting. It should work smoothly and be highly secure. Forex brokers offer well-known and proven payment methods. Capitalize the trading account with electronic methods (credit card, e-wallet, paypal, crypto) or with the classic way of bank transfer. Electronic methods work in real-time and the money is credited directly to the trading account. Trading can be started immediately. The minimum deposit at the compared brokers is very low. For example, you can open an account from as little as 1$. If this is worth it, you have to decide for yourself. There are no fees for deposits.

Example of payment methods of a forex broker

The payout is also very uncomplicated. With a few clicks, you can request a withdrawal on the menu. This is then released in 1-3 working days. However, most brokers payout customer money in less than 24 hours. All presented brokers passed this test. The fees can be high for small payouts. With payments over 200$, the most forex brokers take over the fees but some brokers do not charge any commissions.

Facts about the payments:

Instant deposit of money

Fast withdrawal within 1 – 3 working days

Electronic methods (skrill, neteller, paypal, and more)

Cryptocurrencies

Bank wire

Not every country is available for forex trading

Not every country is available for forex brokers and trading. This is because there are some restrictions and special regulations. For example, in some countries, an international broker needs a special license for that specific country. So it is too much afford for some companies to get the license and they stop taking clients from these countries. You can clearly see on the homepage which clients they accept. Not many brokers accept clients of the united states of amerika.

From my experience, the fastest-growing countries are in africa and asia. Because of the development of mobile internet, more people get connected to the forex market. India, nigeria, philippines, malaysia, and china are at the moment the fastest-growing countries.

Is forex trading legal?

Forex trading is fully legal if there is not any ban from the government. Forex trading is just changing money into another currency. This is not an illegal practice. The brokers on my review got official regulations so they act fully legal.

Review conclusion: start trading with a reliable forex broker

On this page, we have presented you with our current list of the top 23 forex brokers in comparison. Now you have a selection of good and reputable companies in front of you. It was particularly important to us that we only present providers here, which we have tested by ourselves with real money. This is not the case with most comparisons.

Profit now from the most favorable fees and the best conditions by my experience of many years. With these providers, you are 100% safe and can take your forex trading to the next level.

We hope you could learn something in this comparison and act now with better providers through my recommendations. If you can’t make up your mind, please also read the reviews.

Successful forex trading requires a good and reliable broker. In this review, we showed you the top 23 secure forex brokers. Now you can choose your professional trading partner.

Best forex brokers with instant withdrawal

Счета raw spread – это все, что вам нужно! Спреды от 0 пунктов, отсутствие реквотинга, манипуляций и ограничений. IC markets – отличный выбор для крупных трейдеров, скальперов, и тех, кто пользуется роботами.

Основная цель IC markets – создание лучших и наиболее прозрачных условий для розничных и корпоративных трейдеров. Оператор IC markets создан трейдерами и для трейдеров, поэтому мы делаем все для предоставления лучшего спреда, исполнения и обслуживания.

Торговля на форекс

Характеристики

О компании IC markets

Торговля на форекс

Характеристики

О компании IC markets

The website www.Icmarkets.Com/global is operated by IC markets global an entity that is not established in the EU or regulated by an EU national competent authority. The entity falls outside the EU regulatory framework i.E. Mifid II and there is no provision for an investor compensation scheme. Please read our terms & conditions

Please confirm, that the decision was made independently at your own exclusive initiative and that no solicitation or recommendation has been made by IC markets or any other entity within the group.

**данные, полученные из независимых источников, подтверждают, что сводный недельный спред по EURUSD был лучше, чем среди 32 прямых конкурентов в секторе форекс в 96% времени в период с января по декабрь 2019 года.

***среднее время исполнения ордера, включающее его получение, обработку и подтверждение исполнения, составляет 36,5 мс.

IC markets не принимает запросы на открытие счета от жителей США, канады, израиля и исламской республики иран. Информация на этом сайте не предназначена для жителей любой страны, территории или юрисдикции, где распространение или использование такой информации противоречит местному законодательству или нормативным актам.

Risk warning: trading derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.

The advice on this website is general in nature and does not take into account your objectives, financial situation or needs. You should consider whether the advice is suitable for you and your personal circumstances. Please read our legal documents and ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice.

The information on this site in not intended for residents of the U.S. Canada, israel, new zealand, japan and islamic of iran and use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

IC markets is an over the counter derivatives issuer, transactions are entered into on a principal to principal basis. The products issued by us are not traded on an exchange.

International capital markets pty ltd (ACN 123 289 109), trading as IC markets, holds an australian financial services licence (AFSL no. 335692) to carry on a financial services business in australia, limited to the financial services covered by its AFSL. The trading name, IC markets, used by international capital markets pty ltd is also used by other entities.

IC markets EU ltd is authorised and regulated by the cyprus securities and exchange commission with license number 362/18, registration number 356877 and with registered office at 141 omonoias avenue, the maritime centre, block B, 1st floor, 3045 limassol, cyprus.

Raw trading ltd registered in seychelles with company number: 8419879-2, trading as IC markets global, regulated by the financial services authority of seychelles with a securities dealer licence number: SD018. The website is operated by IKBK holdings ltd, registered in cyprus with registration number 362049 and registered address at 38 karaiskaki street, kanika alexander center, block 1, 1 st floor office 113B, 3032, limassol cyprus.

List of the best 23 forex brokers | trusted reviews

Broker:	review:	regulation:	spreads:	assets:	advantages:	open account:
1. Bdswiss	(5 / 5) ➜ read the review	cysec, FSC	starting 0.0 pips + $ 2.0 commission per 1 lot	250+ (50+ currency pairs)	+ individual offers + trading signals + raw spreads + leverage up to 1:500 + best education + personal support

Watch our full video review about the best forex brokers (risk warning: your capital is at risk):

Strict criteria for the forex broker review

Proven facts for a good forex broker:

Regulation and license of an official finance authority

High safety of customer funds

Fast and reliable market execution

Small forex trading fees and no hidden fees

No requotes (high liquidity)

User-friendly trading platform

Free and unlimited demo account

Professional support

Fast deposit and withdraw methods

How does a forex broker work?

There are 2 different models of brokers: market maker and ECN/NDD broker

Example of live spreads for forex brokers

Market maker:

ECN/NDD (no dealing desk) broker:

Warning: only trade with regulated and licensed forex brokers

Facts of reliable and secure companies:

Regulation and license

Separated customer funds

Regulated deposit and withdrawal methods

Using well-known banks

Large liquidity providers

How risky is forex trading?

Beginners should always start with the free demo account to practice forex trading.

How to deposit and withdrawal money:

Example of payment methods of a forex broker

Facts about the payments:

Instant deposit of money

Fast withdrawal within 1 – 3 working days

Electronic methods (skrill, neteller, paypal, and more)

Cryptocurrencies

Bank wire

Not every country is available for forex trading

Is forex trading legal?

Review conclusion: start trading with a reliable forex broker

Profit now from the most favorable fees and the best conditions by my experience of many years. With these providers, you are 100% safe and can take your forex trading to the next level.

We hope you could learn something in this comparison and act now with better providers through my recommendations. If you can’t make up your mind, please also read the reviews.

Successful forex trading requires a good and reliable broker. In this review, we showed you the top 23 secure forex brokers. Now you can choose your professional trading partner.

Best forex brokers with instant withdrawal

Exness group is an innovative CFD and forex brokerage that specializes in customized trading conditions, including instant fund withdrawal and unique leveraging rates.

Trade execution as fast as 0.1 ms in a highly regulated environment

No commissions for deposits and instant withdrawals

Free VPS hosting available for rapid automated order execution

IC markets is best known for having some of the tightest spreads in the world. In fact, our EURUSD spread has been the lowest in the world for almost two years, averaging 0.1 pips 24/5. IC markets is able to offer market leading pricing and trading conditions through its platforms by providing clients with true ECN connectivity. True ECN connectivity allows you to trade on institutional grade liquidity from the world’s leading investment banks, hedge funds and dark pool liquidity execution venues. Executable streaming prices (ESP) are sent from IC markets liquidity providers to our ECN environment where clients can trade with no dealing desk, price manipulation or re-quotes. Due to the diverse liquidity mix comprising of up to 50 different liquidity providers at any one time, IC markets is the forex broker of choice for high volume traders, scalpers and robots who demand the tightest spreads and best execution.

• true ECN spreads from 0.0 pips
• start with $200
• 500x leverage
• micro lot trading
• 77 currencies, metals and cfds
• ASIC regulated and segregated funds

Robinhood instant deposit limit 2021

Robinhood instant deposit restriction & withdrawal

Robinhood has incorporated a fair and transparent system for dealing with instant deposit issues surrounding account transfers. Online brokers continue to come up with innovative ways in which to deal with waiting times that inevitably occur when dealing with banking institutions. Our robinhood instant deposit coverage will highlight the process whereby traders can access funds instantly, providing a more conducive platform for traders to access funds and trade as they see fit. For more information on the online broker, you can read our latest robinhood review.

Compare trading providers

Instant deposit limit

Online trading can be a rigorous endeavour, requiring you to be tuned in on a constant basis. Stocks and other financial instruments rise and fall in value throughout the day. Thus, having sufficient funds in your trading account is important. Without quick access to these funds, it becomes difficult taking advantage of good price points at any given time. The introduction of instant deposits is one way of dealing with long waiting times. However, customers do not have access to unlimited deposits amounts.

The robinhood instant deposit limit is set according to your account status and previous transaction history with the company. As a standard entry point, the robinhood instant deposit limit is set at $1,000. For deposits in excess of $1,000, customers will need to wait up to 5 business days for the robinhood instant deposit withdrawal to clear through the automated clearing house (ACH).

Bigger instant deposits

For traders who are looking for maximum exposure in the market, the robinhood instant deposit restricted measures of $1,000 is not sufficient. Robinhood caters to those traders who wish to access more funds immediately in order to capitalize on market events. This way, traders can cut out the 5 business day waiting period. In order to access these services, traders need to upgrade their accounts to robinhood gold. The robinhood instant deposit withdrawals will then allow you to deposit amounts of up to $50,000 instantaneously.

Robinhood gold will base your buying power on the size of your account portfolio. For those whose accounts are valued at over $50,000, the instant deposit limit is set at $50,000. For those with accounts valued at over $25,000, deposit limits are set at $25,000. Accounts valued at $10,000 and over will have buying power of $10,000 in instant deposits. All gold accounts under $10,000 will have an instant deposit limit of $5,000. To find out more about the costs of a gold account, take a look at the latest robinhood fees.

Once you’ve upgraded to robinhood gold, it is possible to track your robinhood instant deposit withdrawal limits in the instant deposit health section of the account overview.

Why isn’t my deposit available right away?

For all account holders, there is a set instant deposit limit. Thus, each customer’s robinhood instant deposit restricted amount will only allow instant access to a certain amount of funds. If traders deposit an amount that exceeds their instant deposit limit, the funds over and above the limit are subject to the standard waiting time. For example, a trader with an instant deposit limit of $10,000 deposits $15,000. $10,000 will be immediately available. However, the remaining $5,000 is subject to the 5 business day waiting period. Once the remainder has cleared, it will become available too.

Keep in mind that traders who have not upgraded to robinhood gold, will have an instant deposit limit of $1,000. Any funds that exceed this limit will only be credited once cleared. The robinhood instant deposit restricted policy is crucial in order to maintain oversight and credibility of customers. Is robinhood safe when it comes to implementing their deposit limits? Yes, they certainly are.

Can I increase my instant deposit amount?

Yes, it is possible to increase your instant deposit amount. Keep in mind that each instant deposit limit and robinhood instant deposit withdrawal is based on the value of your account. In order to reach a higher limit, it’s necessary to increase the value of one’s account equal to or more than the next tier. If the value of your account is $30,000, then one will need to deposit $20,000 or more in order to reach the $50,000 tier. This will increase the instant deposit limit from $25,000 to $50,000. The opposite is also true and if your account drops in value, so will your instant deposit limit. It’s possible to do this by using the robinhood app.

Why did I lose access to instant deposit?

It is possible that one or more robinhood instant deposit reversals will lead to a suspension of these services. Instant deposits are based on the understanding and sentiment that your deposits will indeed clear after the clearing process. If your robinhood instant deposit restricted, then the robinhood instant deposit reset process will need to be followed. Robinhood will provide details on how to go about reinstating this service.

Conclusion

The current policy surrounding the robinhood instant deposit limits and overall process seems to be extremely transparent and fair. Robinhood does not impose unjust limitations on traders’ accounts and allows individuals to expand their own upper limits in accordance with portfolio value. This not only liberates traders in managing their own limits, but also provides protection to those who do not wish to increase their exposure too much. Ultimately, these types of procedures and tiered systems are put in place for the individual and seems the best way in managing deposit and withdrawal limits in the online brokerage game. For more on how to trade, our robinhood day trade analysis will bring you up to speed.

Robinhood instant deposit limit FAQ

Each online broker will limit the amount that any one individual can access instantly. This is put in place to protect individuals and online broker companies. Without these limits, individuals would be able to access exorbitant amounts of money without necessarily being able to cover the costs. Our coverage of the instant deposit limits will highlight exactly how much you’re entitled to and what the process is.

Individuals might want to increase their limits as their portfolios grow. Using a static instant deposit limit would not allow for this growth and expansion. Changing limits should be possible on the best online broker sites. To find out whether you can change your limits, increase or decrease, read our coverage of the latest robinhood instant deposit policies.

Ironfx is back from UK! Instant withdrawal guaranteed

Do you know the difference between ironfx UK and ironfx cyprus?

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Ironfx has been tagged as a “SCAM” broker since they had an issue with some arbitrage traders in china.

Just like ACFX, the broker had delayed withdrawal processes to some traders and it developed into a big news.

What happened to ACFX and ironfx?

ACFX had delayed withdrawals to some chinese arbitrage traders, and its financial license has been suspended from cysec last month and the regulator has officially announced that it continues to suspend the license this month.(may 2,016)

According to former workers of ACFX, majority of the workers have been dismissed and the broker is not capable of providing financial services in the future.

We are all awaiting for the official announcement of ACFX now.

Ironfx had the almost same issue as ACFX, and delayed withdrawals to some chinese arbitrage traders.

After the official investigation from cysec, ironfx has paid reconciliation fees(but not fines) to cysec and the issue has been solved.

Now ironfx is processing withdrawals one by one but some traders need to wait a few months until they receive it.

Who is ironfx UK?

Ironfx had the trouble about two years ago. That trouble was occurred from “ironfx global(in cyprus) side”.

But ironfx UK is another company name registered and licensed by the financial authority in UK.

So the main difference is as below:

Ironfx UK	ironfx global
country base	UK (united kingdom)	cyprus
financial license	FCA	cysec
reviews	recommended	not really recommended

These two brokers are regulated and licensed by different authorities, but both of them are managed by same management team.

So what is the difference between them? The main difference for investors is “the withdrawal process”.

Why ironfx UK is recommended?

Ironfx global has been known as “not processing withdrawals for its traders”, but it’s is not so true.

Ironfx global is currently taking a month or more to process withdrawals after the request.

But “ironfx UK” is different as:

All withdrawal processes are automated in ironfx UK accounts

It is because of the instruction of the UK financial authority, FCA.

With ironfx UK,all trading conditions, bonus promotions are all same as ironfx global and the only demerit “delays of withdrawal processes” is gone.

If you are interested in trading with ironfx UK, why not open the trading accounts from ironfx UK.

In order to open a trading account with ironfx UK but not with ironfx global, you just need to go through the account opening process from ironfx.Co.Uk.

Ironfx is ready to conquer the forex industry again from UK.

Best forex brokers in nigeria for 2021

We compared & then selected the 8 best forex brokers in nigeria that are regulated with FCA (UK), cysec & FSCA.

Forex trading is a popular financial instrument for investing in the markets. However, choosing the right forex broker can be a tricky task.

In a rapidly developing country such as nigeria, there are so many good brokers, but there are also a lot more scam brokers operating in the market. So it is really important to only choose trusted & regulated nigerian forex brokers and avoid the bad ones.

In order to help you find the best forex broker, we have tracked & compared over 10 different brokers that accept nigerian investors.

List of 8 best regulated forex brokers in nigeria for 2021

There are various aspects that we looked into in order to assess each broker, these include the broker’s compliance with multiple top-tier regulations, broker reviews, the amount of fee charged (even the hidden charges), leverage offered, minimum deposit, funding & withdrawal methods and time taken etc.

Our below vetted list is created especially for nigerian traders; it will quickly allow you to compare the key features that you need to look for in any reputed forex broker.

Best forex brokers in nigeria

Here’s our updated list of the 8 best performing forex brokers in nigeria in terms of trading & non-trading fees, promptness of deposits & withdrawals, trade execution, support & deposit bonus (last 6 months):

1. FXTM – best forex broker in nigeria (instant order execution, low deposit & easy withdrawals)

Overall rating 9/10

Fees: 1.9 pips average spread for EUR/USD with standard account. And 0.3 pips (plus $0.4 per mini lot) with ECN MT5 account.

Account minimum: ₦2000 or $10 (cent account)

Leverage: 1:1000

Promotion: no deposit bonus available currently

Ranks #1 forex broker in nigeria

Forextime or FXTM is the best forex broker in nigeria, and they are one of the few forex brokers that has local office & phone number in nigeria. They are safe for nigerian traders as they are regulated under various trusted jurisdictions such as the FCA in UK, cysec in cyprus, FSCA and FSC of mauritius. FXTM is our recommended forex broker for nigerian traders.

FXTM’s was founded in 2011 & they are a FCA regulated forex broker, which is a top tier regulation, so we consider them to be a safe broker. They offer various account types, all of them can be funded in USD or naira & have very low minimum deposit requirements starting from just ₦2000 with the cent account. This makes FXTM a very good choice for nigerian traders.

Apart from forex trading, FXTM also offer other instruments such as cfds on commodity futures and cfds on spot metals making them a very attractive choice for traders looking to diversify their portfolio. They have also recently upgraded its range of currencies & now offer 57 major & minor currency pairs.

Another important factor that we look for in a broker is their promptness of support & withdrawals, and FXTM beats other brokers hands down in this area.

FXTM broker offers local customer support in english & has 19 deposit & withdrawal options which includes many methods for nigerian traders including bank deposit & card payment. Even allows users to create a demo account in order to build their confidence and learn the art of trading. FXTM also offers a wide range of educational material to its clients, including trading webinars.

FXTM is a highly regulated forex broker, so trading with them is safe. They are regulated globally with 3 top tier regulators i.E. FCA(UK), FSCA & cysec.

You can start trading with ₦2000 deposit, making them a good option for new traders.

Low spreads for most major & minor currency pairs including EUR/USD with ECN MT5 account.

Fast withdrawals in nigeria.

Live chat support is available 24/5 & for few hours during weekends. Their support overall is quite good.

FXTM has bit higher spread with their standard accounts compared to other brokers. For ex. Their typical EUR/USD spread with standard account is around 1.9 pips on average, but its still competitive.

2. Hotforex – best regulated forex broker with low spread & 100% deposit bonus

Overall rating 9.0/10

Typical fees: 1.2 pips spread for EUR/USD with micro account & 0.3 pips with zero account. This would be variable depending in the market conditions.

Account minimum: $5 (₦2000)

Leverage: 1:1000

Promotion: get 100% bonus on new deposits with at-least ₦30,000 deposit required.

Ranks #2 forex broker in nigeria

Hotforex is our recommended low cost broker for nigeria. They have a local office & phone support in nigeria & are a highly regulated broker (FCA, FSCA & cysec). They are a 100% STP broker which ensures very fair dealing. Plus they offer very good order execution on all trades, have really low spreads for EUR/USD & other majors, and very good customer support as well. We highly recommend hotforex for beginner traders looking for a well regulated low cost broker in nigeria.

Hotforex was established in the year 2010. They are regulated with FCA (UK), cysec & even financial sector conduct authority (south africa), so we find them to be a trusted broker for nigerians.

They have very low minimum deposit, as low as $5. Also, they offer extremely competitive spread of 0.3 pips for EUR/USD with zero account (1.2 pips with premium, micro accounts), 0.8 for USD/JPY, 0.6 for GBP/USD (this may vary depending on the market fluctuations).

Further, hotforex offers trading on various platforms that can be accessed from android, iphone and desktop. You can trade on the metatrader 4 or metatrader 5 platforms, both of which are the most widely used trading platforms in the world.

Hotforex also offers local bank withdraw and deposit methods for nigerian traders, and there are many wallet options as well. Plus, hotforex have ongoing deposit bonus promotion available for traders in nigeria.

Hotforex is a highly regulated broker, as they are regulated by 3 top-tier regulatory authorities FCA, FSCA & CYSEC. This ensures very fair dealing.

Low minimum deposit requirements of $5.

Hotforex has one of the lowest spread of all the brokers that we have compared. Around 0.3 pips typical spread for EUR/USD with their zero account.

Very attractive 100% sign up bonus for new customers & good loyalty program for existing customers.

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.

Very good support available via live chat, phone & emails.

100% depoit bonus available for every deposit of $250 or higher.

Their commission per lot of $6 (roundturn) with zero account is higher than other brokers like IC markets, FXTM that offer similar low spread ECN type accounts.

3. Octafx – low spread broker, commission free local deposits, withdrawals & 50% deposit bonus

Overall rating 8.9/10

Fees: 1.1 pips typical spread for EUR/USD with MT4 micro accounts. And 0.7 pips (plus $0.3 per mini lot) with ECN ctrader account.

Account minimum: $50 (₦18,000)

Leverage: 1:500

Promotion: 50% deposit bonus on all deposits

Ranked #3 forex broker in nigeria

Octafx is a cysec regulated forex broker that also accepts nigerian clients. They offer good trading conditions including competitive spread, fixed as well as variable spread MT4 accounts, local nigerian bank deposit & withdrawal methods, and multiple trading platforms i.E. MT4, MT5 & ctrader for mobile, web, and desktop.

Octafx is a forex & CFD broker that was established in 2011. They have 3 account types i.E: MT4 micro account for new traders with spread starting from 0.4 pips, the MT5 account for expert traders with 0.2 pips spread & ctrader ECN account for professional traders with the lowest raw spread & direct market execution. All their accounts have good trading conditions with support for scalping & hedging.

Their trading instruments on offer are limited though, as octafx offers forex trading on 28 currency pairs, and CFD trading on metals, energies, indices & cryptocurrencies. But they have competitive spread on their available trading assets, especially for traders who are looking to trade major currency pairs, and 3 main cryptos (bitcoin, ethereum and litecoin).

Their support is also very responsive in handing issues. Their live chat support is available for 5 week days, and email support is available 24/7. They also have whatsapp text support available. But they don’t have a nigerian phone number currently.

The funding & withdrawal options at octafx are very wide for nigerian traders. They offer instant funding via skrill, neteller, and quick zero fees funding via bank transfer, or cash, or ATM in their gtbank account. Also they offer BTC funding & withdrawal.

Octafx is a cysec regulated forex broker, so it is considered safe for nigerian traders to trade with them.

Their spreads for major currency pairs is quite competitive. For ex. Their spread for EUR/USD starts from 0.4 pips even with their beginner MT4 micro account.

Local deposit & withdrawals options available in nigeria, and they don’t charge any fees with this method. Also instant wallet funding and withdrawals options are available.

Their support overall is good, as their live chat support is available 24/5, and their email support is available 24/7.

They have a 50% deposit bonus available for all deposits.

Octafx has lesser trading assets available as compared to other forex brokers. They have 28 currency pairs, cfds on 4 metals, 10 indices & 3 cryptos (bitcoin, litecoin, ethereum).

So, let's see, what we have: we conducted an experiment on the speed of withdrawal of funds from forex brokers ⼮ see the results who is faster, read our review. At best forex brokers with instant withdrawal