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AuthorBy Chris Cammack
Updated: May 5, 2022

We compared the maximum Forex leverage for retail traders across 160+ regulated Forex brokers to create this shortlist of brokers who offer the highest leverage to Nigerian traders.

High leverage enables traders to place larger orders on the market, and while higher leverage gives traders greater buying power, it also significantly increases risks. Beware of margin calls with high leverage trading, as poor money management will force the broker to automatically close your trade due to a lack of funds to cover potential losses. Beginner traders should avoid using high leverage unless they are employing a high-risk trading strategy.

While many international brokers can only offer traders a maximum of 30:1 leverage due to regulatory restrictions, offshore brokers can offer greater leverage to Nigerian clients.

The data to create this list is directly from the broker websites and was last updated in November 2022.

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Broker
Overall Rating
Visit Broker
Max. Leverage (Forex)
Min. Deposit
EUR/USD - Standard Spread
Trading Cost - Standard Account
Trust Score
International Regulators
Platforms
Trading Desk
Compare
FBS
4.23 /5
Read Review
Visit Broker >
Your capital is at risk
3000:1
USD 1
0.80 pips
USD 7
111104/ 5
IFSC
STP
ECN/DMA
JustMarkets
3.18 /5
Read Review
Visit Broker >
Your capital is at risk
3000:1
USD 1
1.00 pips
USD 10
110.5002.5/ 5
FSA-Seychelles
VFSC
STP
FXTM
4.27 /5
Read Review
Visit Broker >
Your capital is at risk
2000:1
USD 10
1.50 pips
USD 15
111104/ 5
FSC
CMA
ECN/DMA
Market Maker
Exness
4.12 /5
Read Review
Visit Broker >
Your capital is at risk
2000:1
USD 3
0.70 pips
USD 7
111003/ 5
FSA-Seychelles
CMA
Market Maker
RoboForex
3.71 /5
Read Review
Visit Broker >
Your capital is at risk
2000:1
USD 10
0.00 pips
USD 4
110.5002.5/ 5
IFSC
Market Maker
HFM (HotForex)
4.43 /5
Read Review
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Your capital is at risk
1000:1
USD 5
1.00 pips
USD 10
111104/ 5
DFSA
FSC
FSA-Seychelles
STP
FXPRIMUS
4.11 /5
Read Review
Visit Broker >
Your capital is at risk
1000:1
USD 15
1.50 pips
USD 15
1110.503.5/ 5
VFSC
Market Maker
Infinox
4.03 /5
Read Review
Visit Broker >
Your capital is at risk
1000:1
GBP 1
0 pips
USD 8
111104/ 5
SCB
FSC
STP
ECN/DMA
IronFX
3.54 /5
Read Review
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Your capital is at risk
1000:1
USD 50
2.20 pips
USD 22
11110.54.5/ 5
Market Maker
ECN/DMA
NordFX
3.53 /5
Read Review
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Your capital is at risk
1000:1
USD 10
2.00 pips
USD 20
1110.503.5/ 5
VFSC
ECN/DMA
FIBO Group
3.50 /5
Read Review
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Your capital is at risk
1000:1
USD 0
0.60 pips
USD 6
1110.503.5/ 5
BaFin
Fi
B.V.I FSC
FSC
Market Maker NDD
ECN/DMA
Tradersway
2.85 /5
Read Review
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Your capital is at risk
1000:1
USD 5
0.50 pips
USD 5
000000/ 5
None
ECN/DMA
IQ Option
2.68 /5
Read Review
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Your capital is at risk
1000:1
USD 10
0.80 pips
USD 8
000000/ 5
None
IQ option
Market Maker
Weltrade
2.67 /5
Read Review
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Your capital is at risk
1000:1
USD 25
1.50 pips
USD 15
100001/ 5
FSA-St-Vincent
STP
XM
4.25 /5
Read Review
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Your capital is at risk
888:1
USD 5
1.60 pips
USD 16
111104/ 5
IFSC
Market Maker
Axiory
3.99 /5
Read Review
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Your capital is at risk
777:1
USD 10
0.20 pips
USD 8
111003/ 5
IFSC
FSC
Market Maker
Tickmill
4.48 /5
Read Review
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Your capital is at risk
500:1
USD 100
0.00 pips
USD 4
111104/ 5
LFSA
FSA-Seychelles
STP
IC Markets
4.46 /5
Read Review
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Your capital is at risk
500:1
USD 200
0.10 pips
USD 8
111104/ 5
FSA-Seychelles
ECN/DMA
Axi
4.34 /5
Read Review
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Your capital is at risk
500:1
USD 0
1.00 pips
USD 10
11110.54.5/ 5
FMA
DFSA
FSA-St-Vincent
ECN/DMA
XTB
4.29 /5
Read Review
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Your capital is at risk
500:1
USD 0
0.70 pips
USD 7
111104/ 5
DFSA
IFSC
KNF
xStation5
Market Maker NDD
OctaFX
4.27 /5
Read Review
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Your capital is at risk
500:1
USD 25
0.60 pips
USD 6
1110.503.5/ 5
Fi
FSA-St-Vincent
ECN/DMA
Valutrades
4.25 /5
Read Review
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Your capital is at risk
500:1
USD 5
0.10 pips
USD 7
111104/ 5
FSA-Seychelles
ECN/DMA
FP Markets
4.22 /5
Read Review
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Your capital is at risk
500:1
AUD 100
0.10 pips
USD 7
111104/ 5
IRESS
ECN/DMA
Admiral Markets
4.18 /5
Read Review
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Your capital is at risk
500:1
USD 25
0.80 pips
USD 8
11110.54.5/ 5
JSE
MT Supreme
STP
ThinkMarkets
4.18 /5
Read Review
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Your capital is at risk
500:1
USD 0
1.20 pips
USD 12
11110.54.5/ 5
FSA-Seychelles
FSA-Japan
ThinkTrader
ECN/DMA
STP
Fondex
4.14 /5
Read Review
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Your capital is at risk
500:1
USD 1
0.28 pips
USD 7.80
1110.503.5/ 5
Fi
BaFin
FSA-Seychelles
ECN/DMA
Eightcap
4.13 /5
Read Review
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Your capital is at risk
500:1
AUD 100
0.00 pips
USD 7
111104/ 5
FSA-St-Vincent
SCB
Market Maker NDD
ACY Securities
4.08 /5
Read Review
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Your capital is at risk
500:1
USD 50
1.00 pips
USD 10
111104/ 5
VFSC
ECN/DMA
Skilling
4.07 /5
Read Review
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Your capital is at risk
500:1
USD 100
0.80 pips
USD 8
111104/ 5
Fi
BaFin
FSA-Seychelles
Skilling Trader
Market Maker
HYCM
4.02 /5
Read Review
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Your capital is at risk
500:1
USD 100
1.20 pips
USD 12
111104/ 5
DFSA
Fi
BaFin
CIMA
FSA-St-Vincent
Market Maker

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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