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.
