Forex trading and funded trading are becoming very popular in Nigeria. Selecting the best prop trading firms in Nigeria is not an easy task, as these firms do not require regulations and are easy to launch and operate. On our platform, we constantly review and evaluate prop firms, and we have selected a few of the best prop firms offering funded accounts to Nigerian traders:
To search the best prop firms Nigeria can be a tricky place unless traders can read our reviews and find the best options on this page. These firms have been selected by their overall score evaluating their safety, fees, finding options, profit share, trading rules and limits, support, education, and more.
Top 3 Prop Trading Firms In Nigeria
Having options when selecting suitable prop firms in Nigeria is never a good idea, but shrinking the list to just 3 of the best and then selecting one is much easier and time-saving. Selecting the top funded trading accounts Nigeria offers several choices, but we have shrunk the list to just three of the best by their overall score.
Funded Trading Plus – Best overall specs
Funded Trading Plus is a well-established prop firm offering funding to traders who want to make profits on the markets. The firm has a minimalistic approach toward rules and offers diverse funding options and a higher profit share of 80% which is the industry standard. The minimum audition fee starts from 119 USD for the 5,000 USD funded account which is the lowest funded account. The platform is MT4 and offers access to diverse markets including Forex pairs, commodities, metals, indices, and cryptos. The highest funding amount is 2.5 million USD, which is only achievable through the scaling plan. The support is one of the quickest we have seen in prop firms and all popular channels are supported such as the live chat, email, and hotline. Funded Trading Plus is one of the best prop firms for Spanish traders as it has an overall score of 4,05 out of 5 on our platform.
Sign up with Funded Trading Plus now
FTMO – Reliable and popular
FTMO is definitely one of the most popular and well-established prop firms. The company was launched in 2015 giving it solid experience in the industry. The firm is one of the few to get a 5 out of 5 score in our safety evaluation. It has no hidden rules and every single rule is clearly given on the website. Profit share starts at 80% but gets 90% for successful traders together with the possibility of getting 2 million cumulative funding using the scaling plan. Trading platforms offered are MT4 and MT5 and trading assets include Forex pairs, cryptos, stocks, commodities, metals, and indices. The one-time fee for the smallest, 10,000 USD account is 164 USD. The firm offers a multitude of educational materials for beginner traders and has excellent support including mail, live chat, and a hotline. FTMO has a FirmFunded score of 4.03 out of 5.
Blue Guardian – Solid specs
Blue Guardian is a solid choice for Nigerian traders as it offers up to 2 million USD in funding using the scaling plan. The smallest account starts from 10,000 USD and will cost just 87 USD, which is one of the lowest on the market right now. The trading platform is MT4 and trading assets provided include indices, forex, commodities, metals, and crypto. The account currency is USD, and supported languages include English.
The FirmFunded score for the Blue Guardian prop firm is 3.95 out of 5 which is an impressive result.
Sign up with Blue Guardian now
All Prop Trading Firms Available To Nigerian Traders
When selecting the best proprietary trading firms Nigeria stands out as the country where the majority of popular firms are offering their funded services. Below is a small list of some prop firms in Nigeria that have a decent overall score. This list also offers super brief specs and is useful for searching for a suitable firm depending on the fees, funding options, and profit share.
- Funded Trading Plus – Overall 4.05 out of 5 FirmFunded score. The maximum profit share is up to 80%. The maximum funding ceiling is up to $2.5 million through a scaling plan. The minimum audition fee starts at 119 USD for the smallest 5,000 USD account. Forex, commodities, and crypto markets are available for funded traders on all accounts.
- The 5ers – Overall 3.58 out of 5 FirmFunded score. The maximum profit share is up to 90. A maximum of 4 million USD is available in funding through a scaling plan. The minimum evaluation fee starts at 39 USD for the smallest 5,000 USD account. Forex, stocks, and commodities markets are available for trading on all funded accounts
- FTUK – Overall 3.64 out of 5 FirmFunded score. A maximum of 80% profit share is available. A maximum of 5 million USD is available in funding through a scaling plan. Minimum evaluation fee starts at $149 ($14,000 account). Forex, indices, commodities, and crypto trading markets are available for all funded accounts
- FTMO – Overall 4.03 out of 5 FirmFunded score. The highest of 90% profit share can be gained. Maximum funding of 2 million USD is available through the scaling plan. Minimum audition fee of 164 USD for the smallest 10,000 USD account. Forex, indices, commodities, stocks, and crypto trading markets are available on all funded accounts
- SurgeTrader – Overall 3.48 out of 5 FirmFunded score. The highest profit share that can be gained is at 90%. Maximum possible funding of 1 million USD without the scaling plan. The minimum audition fee starts at 200 USD for the smallest 25,000 USD account. Forex, indices, commodities, and crypto trading markets are available for all funded accounts
- Fidelcrest – Overall 3.5 out of 5 FirmFunded score. The maximum profit share is up to 90%. Maximum possible funding of 2 million USD is available without the scaling plan. The minimum audition fee starts at EUR 99 for the smallest 15,000 USD account. Forex, indices, commodities, and stock markets are available on all funded accounts.
- Bulenox – Overall 3.52 out of 5 FirmFunded score. A maximum of 90% profit share is accessible. The maximum funding of 150,000 USD is available. The minimum audition fee starts at 125 USD for the smallest 10,000 USD account. Forex, commodities, indices, and crypto trading markets are accessible to all funded traders.
- Finotive Funding – Overall 3.35 out of 5 FirmFunded score. Up to 95% maximum profit share is accessible for successful traders. Maximum possible funding of 3.2 million USD without any scaling plan. The minimum audition fee starts at 50 USD for the smallest 2,500 USD account. Forex, indices, crypto, and commodities trading markets are available for all funded account types.
Now, there are many more prop firms available in the Nigerian market, but this list summarizes some of the best companies. These firms control a considerable market share of prop firms and offer solid specs. To find out more about each of them, please refer to our reviews.
Head-to-Head Comparison Of Prop Trading Firms In Nigeria
The table below allows readers to see the head-to-head comparison for each of the best prop trading firms Nigeria. This table is the best and fastest way to quickly evaluate and select firms and compare their specs. Spec comparison is super important to select the most suitable firm for Nigerian traders.
| Prop Firm | Blue Guardian | Funded Trading Plus | FTMO | The 5ers | SurgeTrader | Fidelcrest |
|---|---|---|---|---|---|---|
| Year founded | 2017 | 2013 | 2015 | 2016 | 2021 | 2018 |
| Minimum audition fee | USD 87 | USD 119 | USD 164 | USD 39 | USD 200 | EUR 99 |
| Instruments | Forex, Crypto, Indices, Commodities | Forex, Commodities, Crypto | Forex, Indices, Commodities, Stocks, Crypto | Forex, Stocks, Indices, Commodities | Forex, Crypto, Commodities, Indices | Forex, Indices, Commodities, Stocks |
| Minimum funded amount | $10,000 | $5,000 | $10,000 | $5,000 | $25,000 | $15,000 |
| Scaling | Yes | Yes | Yes | Yes | Yes | Yes |
| Maximum funded amount | $200,000 ($2 million via scaling) | $250,000 ($2.5 million via scaling) | $200,000 ($2 million via scaling) | Up to $4 million via scaling | $1 million | $1 million ($2 million via scaling) |
| Allowed daily loss | 4% | 3-4% | 5% | 5% | 5% | 5-10% |
| Profit target | 4-8% (1st and 2nd Phases) | 10% | 10% | 5-10% | 5-10%
(1-Phase and 2-Phase) |
5-20% (Pro and Micro Accs) |
| Max trailing drawdown | 8% | 5-8% | 10% | 10% | 8% | 20% |
| Profit share | 85% | 70-80% | 90% | 75-90% | 90% | 80-90% |
| MetaTrader Available | Yes | Yes | Yes | Yes | Yes | Yes |
| Safety | 3/5 | 3/5 | 5/5 | 1.5/5 | 3/5 | 3/5 |
| Education | 2/5 | 2/5 | 5/5 | 5/5 | 2.8/5 | 2.8/5 |
| Customer Support | 4/5 | 5/5 | 3.6/5 | 3.6/5 | 3.6/5 | 3.6/5 |
| Rules and Limitations | 5/5 | 4/5 | 4.8/5 | 3/5 | 2.9/5 | 3.2/5 |
| Fees | 4/5 | 5/5 | 2.5/5 | 4/5 | 2.5/5 | 4/5 |
| Overall | 3.95/5 | 4.05/5 | 4.03/5 | 3.58/5 | 3.48/5 | 3.5/5 |
| Action | Register | Register | Register | Register | Register | Register |
Nigeria Prop Trading Firms And Their Supported Languages
The official language of Nigeria is English opening door for all prop firms to offer their services to local traders. The best Nigeria prop trading firms offer English language support as well. FTMO supports the most number of languages from the top prop firms in Nigeria.
| English | Italian | German | |
|---|---|---|---|
| Fidelcrest | |||
| Blue Guardian | |||
| SurgeTrader | |||
| Funded Trading Plus | |||
| FTMO | |||
| The 5ers |
Do SEC and CBN Oversee Prop Trading Companies In Nigeria?
Proprietary firms are specialized financial firms that are not required to be regulated the same way as brokers. The regulation of financial markets and brokers is under the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN). Selecting the top forex prop firms Nigeria offers a diversity of firms that offer services through regulated brokers.In our reviews, we specifically observe and check that every prop firm offers trading through a regulated partner broker.
FAQs about the best prop firms in Nigeria
What are the best prop trading firms in Nigeria?
How to choose the best proprietary trading firm in Nigeria?
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Which is the best prop trading firm in Nigeria for beginners?
Is prop trading legal in Nigeria?
