Regulated broker · Naira-friendly accounts
Trade global markets from Lagos, Abuja or Port Harcourt
FXTM gives Nigerian traders local Naira accounts, MetaTrader platforms trusted worldwide, and free education — so you can start with the amount you're comfortable with and grow from there.
Forex/CFDs are complex instruments. Most retail investor accounts lose money when trading CFDs. Trade only what you can afford to lose.
Built for how you actually trade and bank
No detours through a foreign bank account or a currency you don't hold day to day. Here's what that looks like in practice.
Deposit and withdraw in Naira
A dedicated Naira account for Nigerian citizens means you fund and cash out through local banks — no manual currency conversion, no guessing the exchange rate on the way in or out.
Local bankingMetaTrader 4 and MetaTrader 5
Trade on the platforms most traders already know, with charting, automated strategies and mobile apps for iOS and Android — so you can manage positions from your phone between errands.
Copy experienced traders with FXTM Invest
New to trading? You can follow and copy the positions of over 5,000 strategies from more experienced traders, and adjust your exposure as you learn.
Copy tradingFunds held separately from company funds
Client money is kept in segregated accounts, separate from FXTM's own operating funds, with insurance cover on client balances — standard practice you should expect from any broker you trust with a deposit.
Free structured education
Guides, webinars and a demo account let you practise order types, leverage and risk management with virtual funds before a single Naira is on the line.
Demo account includedLocal support, not a call centre abroad
With offices in Lagos, Abuja and Port Harcourt, support understands the local banking rails and the questions Nigerian traders actually ask.
Three account types, one goal: match your trading style
Every account trades the same markets — the difference is how spreads and commission are structured.
| Account | Best for | Spreads | Commission | Platforms |
|---|---|---|---|---|
| Micro | Starting out with smaller position sizes | From 1.5 pips | None | MT4 |
| Advantage | Active traders who want the tightest spreads | From 0.0 pips | Volume-based, charged per lot | MT4 & MT5 |
| Advantage Plus | Traders who'd rather see one all-in cost | From 1.5 pips | None | MT4 & MT5 |
Minimum deposits, exact spreads and leverage limits vary by account and change over time — confirm the current figures on FXTM's official site before you fund an account.
From sign-up to your first trade
Create your MyFXTM profile
Register with your email and choose the account type that fits your budget and experience level.
Verify and fund in Naira
Confirm your identity, then deposit through a local Nigerian bank transfer or card — no foreign currency needed.
Trade, practise, or copy
Go live on MT4/MT5, run a free demo first, or copy an experienced trader's strategy through FXTM Invest.
Before you open an account
FXTM operates under Exinity Limited and is regulated by the UK's Financial Conduct Authority (FCA) and the Financial Services Commission (FSC) of Mauritius, among other regional licences depending on the entity you're onboarded to.
Yes — the Naira account is built specifically for Nigerian citizens, with funding and withdrawals through local bank transfer, so you avoid manual currency conversion.
Minimum deposits differ by account type and change from time to time. Check the current minimum for each account on FXTM's official registration pages before you fund.
Client funds are held in accounts segregated from FXTM's operating funds, with insurance cover on client balances. That said, segregation protects your deposit — it doesn't protect you from losses on open trades.
Yes, a free demo account lets you trade with virtual funds on live market prices, so you can get familiar with MT4/MT5 and test a strategy with nothing at risk.
Yes. Forex and CFDs are leveraged products, and most retail accounts lose money trading them. Only trade with money you can afford to lose, and use the demo account and free education before going live.
More opportunities, more rewards — and now you know why.
Trading is risky. Forex/CFDs are complex instruments and most retail investor accounts lose money when trading them with this provider. Never trade with money you can't afford to lose.