Complete List Of Binary Options Brokers

vii Best Regulated Binary Options Brokers in Nigeria

The 7 Best Regulated Binary Binary Options Brokers in Nigeria revealed. We tested and verifiedthe best regulated binary options, forex brokers, for Nigerian Traders.

This is a complete list of binary options forex brokers in Nigeria.

In this in-depth guide yous'll larn:

What is a Binary Options Broker?
Which binary options brokers are best for Nigerian Traders?
Our recommended $5 (2 075 NGN) low deposit binary options brokers for Nigerian Beginner Traders?
How to compare binary options forex trading brokers against each other?
Which brokers offer a signup bonus for first-time traders?
Which Binary Options Brokers offer a mobile app on IOS and Android?
Which regulated binary options brokers offer traders to trade on the MT4/MetaTrader four and MT5/MetaTrader 5 platforms?

And lots more…

So if y'all're ready to go "all in" with the best-tested regulated binary options brokers for Nigerians…

Let's dive right in…

Louis Schoeman

Best Regulated Binary Options Brokers in Nigeria – Comparison

🥇 Broker	✔️ Regulated Binary Options Broker?	💸 Minimum Eolith (₦)	✔️ Nigerian Naira-based Account?	💰 NGN Deposits Allowed?	👉 Open An Business relationship
one. Alpari	Aye	i,000 NGN	Aye	Yes	👉 Open up Account
ii. AvaTrade	Yeah	41,500 NGN	No	Yep	👉 Open Account
3. HotForex	Yes	2,000 NGN	No	No	👉 Open Account
four. Pepperstone	Yes	lx,700 NGN	No	Yes	👉 Open Business relationship
5. FXTM	Yeah	10,000 NGN	Yes	Yep	👉 Open up Account
6. FP Markets	Yes	thirty,800 NGN	No	Yes	👉 Open up Account
seven. GO Markets	Yep	61,700 NGN	No	No	👉 Open up Business relationship

vii Best Regulated Binary Options Brokers in Nigeria (Updated 2022)

Alpari – Overall, Best Regulated Binary Options Broker in Nigeria
AvaTrade – Offers a Diverse Range of Financial Markets to Nigerians
HotForex – All-time Banker for Beginner Traders
Pepperstone – Best Binary Options Broker with Trading Tools
FP Markets – Best MT4 and MT5 Trading Platform Banker
FXTM – Best Low-Deposit Broker in Nigeria
Become Markets – Best Regulated Binary Options Banker with an ECN Account

What are binary options?

👉 Binary options are financial options that have one of two payoff alternatives. These alternatives are either a stock-still sum or nothing at all if the contract is kept open until expiration. They are referred to as binary options because there is no other way to settle the trade.

1. Alpari

Overview

👉 Alpari's clients in Nigeria accept access to more than than 250 markets, including forex, stocks, indices, metals, and cryptocurrencies.

👉 Alpari offers the MetaTrader 4 and MetaTrader 5 platforms on its desktop, online, and mobile platforms, respectively, and on its web platform.

👉 The OptionTrader demo version is at present available in the "Binary Options" surface area of Alpari's website, allowing you to practise your trading skills without having to register with the banker.

👉 You may at present practice your trading skills on Spread High / Low options, as well as other forms of options, without even needing to register for myAlpari.

Unique Features

Feature	Information
⚖️ Regulation	Financial Services Committee Mauritius (FSC)
📲 Social Media Platforms	• Facebook • Twitter • Instagram
🏛 CBN Regulation?	No
💻 Trading Accounts	Forex Standard Account (MT4), Forex Micro Account (MT4), Forex ECN Account (MT4/5), Forex Pro Account (MT4)
📱 Trading Platform	MetaTrader 4 and MetaTrader five
💵 Minimum Deposit (₦)	1,000 Naira
💳 Trading Assets	Forex Majors, Forex Minors, Forex Exotics, Forex RUB, Spot Metals, Spot Commodities, Stock Trading, Spot Indices
💸 Nigerian Naira-based Account?	Yes
✔️ NGN Deposits Allowed?	Yes
💵 Bonuses for Nigerian traders?	Aye
📊 Minimum spread	From 0.4 pips
💻 Demo Account	Yeah
☪️ Islamic Account	Yes

✔️ Pros	❌ Cons
Alpari has Nigerian-based offices and support	There are limited tradable instruments
The banker is a member of the Financial Commission (FC)	There is a lack of comprehensive educational materials for novice traders
Offers popular forex trading platforms including proprietary trading platforms and trading apps	In that location are no fixed tight spread accounts
Trading Signals are offered through AutoChartist, ane of the best third-party providers in the trading industry	The broker does not take regulation or authorization through the Fiscal Conduct Authority
PAMM Managed Accounts are offered
News on the website is streamed through FxWirePro
There is multilingual customer support offered
Commission-gratuitous trading options provided
Welcomes traders despite their trading way or trading experience
Offers competitive trading conditions across trading accounts including some of the everyman spreads on leveraged trading

Trust Score and Nigerian Market Share

🥇 Alpari has a trust score of 95% and an overall market share of more 14%.

2. AvaTrade

MetaTrader 4 and MetaTrader 5

Overview

👉 In 2006, AvaTrade became a leading binary options banker, earning a number of significant fiscal industry accolades over its tenure in the business.

👉 Today, it is a multinational corporation that provides its investors with admission to a diverse range of financial markets. AvaTrade is a trading platform that caters to the needs of all traders, from the rookie to the experienced.

👉 It offers 24-hour customer service, a large selection of assets, and an easily navigable trading surroundings. This broker also provides a comprehensive range of educational resources as well as a number of extra features.

Unique Features

Feature	Information
⚖️ Regulation	Cardinal Bank of Republic of ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA
⚖️ CBN Regulation	No
📊 Trading Accounts	Retail Investor Account, Professional Account Option
💻 Trading Platform	AvaTradeGO, AvaOptions, AvaSocial, MetaTrader four, MetaTrader five, DupliTrade, ZuluTrade
💳 Minimum Deposit (₦)	41,000 Nigerian Naira equivalent to $100
📈 Trading Avails	Foreign currencies, Cryptocurrencies, Commodities, Treasuries, Bonds, Indices, Stocks, ETFs, Options, Contract for Difference (CFD), Precious Metals
📊 Nigerian Naira-based Account?	No
💳 NGN Deposits Allowed	No
💰 Bonuses for Nigerian traders	Yeah
📈 Minimum spread	0.nine pips EUR/USD
📈 Demo Account	Yes
☪️ Islamic Account	Yes
📊 Social Trading Offered	Yes

✔️ Pros	❌ Cons
AvaTrade is multi-regulated and one of the well-nigh trusted online trading brokers in the world	Variable spreads are not offered
There is a wide range of fiscal instruments that can be traded across financial markets	In that location is a express pick between account types
There are several technical indicators, economic indicators, and other solutions for avant-garde traders	Inactivity fees are applied
There are several trading platforms to cull from	Currency conversion fees may be applied
There is a decent selection of educational textile that helps beginner traders navigate complex instruments and lower the degree of risk they are often exposed to	There is a limited number of base of operations currency options offered on accounts
There is a multitude of social trading opportunities offered
The banker accepts whatsoever trading strategy including automatic trading, expert advisors, scalping, hedging, and others.

Trust Score and Nigerian Market Share

🥇 AvaTrade has a high trust score of 96% and a market share of <5% in Nigeria.

3. HotForex

MetaTrader four and MetaTrader five

Overview

👉 More than 150 trading instruments, including forex, commodities, indices (stocks and futures), bonds, and CFDs on cryptocurrencies, are available to Nigerian traders with HotForex.

👉 HotForex's trading accounts are bachelor in a range of configurations, each of which includes commission-free forex trading for Nigerians.

👉 Binary options volition be available to traders at HotForex equally a fully licensed and regulated options banker past the Cyprus Securities and Exchange Committee (CySEC).

👉 A number of analysts believe that the extraordinarily volatile nature of binary options puts investors at risk to an excessive degree. Merely HotForex claims that binary options are easily accessible to traders of all levels of experience, even beginners.

Unique Features

Feature	Information
⚖️ Regulation	FSCA, CySEC, DFSA, FSA, FCA, FSC, with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions
⚖️ CBN Regulation	No
📊 Trading Accounts	MT5/MT 4 Micro Account, Premium Account, HFcopy Business relationship, Nada Spread Account, Motorcar Account
💻 Trading Platform	MetaTrader iv, MetaTrader 5
💳 Minimum Deposit (₦)	ii,000 Nigerian Naira equivalent to $v
📈 Trading Assets	Forex Currency Pairs, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Equity markets and Stocks DMA, ETFs
📊 Nigerian Naira-based Account?	No
💳 NGN Deposits Immune	No
💰 Bonuses for Nigerian traders	Yes
📈 Minimum spread	0.0 pips EUR/USD
📈 Demo Account	Yes
☪️ Islamic Account	Yes

✔️ Pros	❌ Cons
Well-regulated CFD and Forex banker that has a decent trust score	Us clients and another regions are non accepted by HotForex
The spreads offered are low and competitive	There may be restricted leverage for Eu clients because of regulatory requirements
There are several account types to choose from with reasonable trading fees charged	There are no variable spread accounts offered
HotForex welcomes all types of traders and trading strategies	Limited funding options offered for deposits and withdrawals
In that location is a low minimum eolith requirement and secure methods for deposits and withdrawals
Suited to beginner traders and experienced traders
Offers comprehensive expert trading and market place analysis
Offers a decent choice of educational tools and a range of trading tools

Trust Score and Nigerian Market place Share

🥇 HotForex has a trust score of 83% and a Nigerian market share of two.5%.

four. Pepperstone

Australia, Commonwealth of the bahamas, Cyprus, Dubai, Germany, Kenya, Britain

MetaTrader 4, MetaTrader five, cTrader and TradeView

Overview

👉 Internationally recognized FCA and ASIC regulated broker Pepperstone has loftier-speed execution and an offering for novices that other ECN brokers lack.

👉 Pepperstone's clients have access to the almost cutting-edge trading tools and the most competitive spreads in the industry, thanks to the visitor's longstanding partnership with the three major third-party trading platforms.

👉 Pepperstone is a fantastic alternative for Forex traders in Nigeria seeking for a low-cost and undecayed ECN broker with practiced education and market analysis sections and a decent array of trading tools.

Unique Features

Feature	Information
⚖️ Regulation	ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
📱 Social Media Platforms	• Facebook • Twitter • Instagram • LinkedIn • YouTube
🏛 CBN Regulation?	No
💻 Trading Accounts	Standard account, Razor Business relationship, Professional person Account.
📲 Trading Platform	MetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade
💰 Minimum Deposit (₦)	60,700 Nigerian Naira
💸 Trading Assets	• Forex • Cryptocurrencies • Shares • ETFs • Indices • Commodities • Currency Indices
💵 Nigerian Naira-based Account?	No
✔️ NGN Deposits Allowed?	Aye
💰 Bonuses for Nigerian traders?	No
📊 Minimum spread	From 0.0 pips
✔️ Demo Account	Yes
☪️ Islamic Business relationship	Yes

✔️ Pros	❌ Cons
Pepperstone ensures client fund security past keeping it in segregated accounts	Nigerian traders do not accept a Naira-denominated trading business relationship
Pepperstone is both a multi-regulated and multi-award-winning banker	There are boosted fees applied to the Islamic account
Pepperstone caters for all types of traders despite their trading feel or mode	At that place are some leverage restrictions
Well-regulated by some of the top marketplace regulatory entities
Pepperstone accepts Nigerian traders and provides a plethora of educational material for beginners
There is a demo account and Islamic business relationship offered
There are several funding options offered to traders
Deposit fees and withdrawal fees are not charged

Trust Score and Nigerian Market Share

🥇 Pepperstone has a very high trust score of 92% and a market place share of <v% in Nigeria.

v. FP Markets

MetaTrader 4, MetaTrader v

Overview

👉 Trading platforms like MetaTrader 4, MetaTrader v, and Iress are available from FP Markets, which also offers raw spreads and large leverage to its clients.

👉 FP Markets provides an outstanding trading environment, with raw spreads and the option of either ECN or DMA accounts as a trading option.

👉 The MetaTrader and Iress trading platforms are suitable for both novices and experienced traders, and in that location is a wide range of FX, equity CFDs, futures, and cryptocurrencies to choose from.

👉 Customers will appreciate the high level of customer support, the quick sign-up process, as well equally the user-friendly client interface that makes FP Markets an first-class choice for traders of all feel levels.

Unique Features

Feature	Information
⚖️ Regulation	ASIC, CySEC
📲 Social Media Platforms	• Instagram • Facebook • Twitter • YouTube
🏛 CBN Regulation?	No
💻 Trading Accounts	MT4/v Standard Account, MT4/5 Raw Account, MT4/5 Islamic Standard Business relationship, MT4/v Islamic Raw Account
📱 Trading Platform	cTrader, MT4 and MT5
💵 Minimum Eolith (₦)	30,800 NGN
💰 Trading Assets	• Forex • Shares • Metals • Bolt • Indices • Cryptocurrencies • Bonds
💸 Nigerian Naira-based Account?	No
✔️ NGN Deposits Immune?	Yes
💰 Bonuses for Nigerian traders?	No
📊 Minimum spread	from 0.0 pips
💻 Demo Account	Yes
☪️ Islamic Business relationship	Yes

✔️ Pros	❌ Cons
FP Markets is a well-regulated broker that has a high level of trustworthiness	In that location are no stock-still spread accounts offered
At that place is a wide range of markets that tin exist traded across nugget classes	There is no dedicated Naira account offered to Nigerian traders
At that place are powerful trading platforms supported across devices	There are withdrawal fees charged
Nigerian traders receive an ECN pricing model with raw and tight spreads	There are administration fees charged on the Islamic Account
There is guaranteed fast merchandise execution through the Equinix servers
Committee-free trading is provided
There is a defended Islamic business relationship option for Muslim traders
Copy-trading and automatic trading is offered
In that location is a dedicated educational trader's hub

Trust Score and Nigerian Market place Share

🥇 FP Markets has a loftier trust score of 81% and a marketplace share of <5% in Nigeria.

6. FXTM

MetaTrader 4 and MetaTrader v

Overview

👉 Many new traders in Nigeria will find FXTM to be a fantastic option for them. FXTM includes a Micro Business relationship with a cheap initial deposit, a great re-create trading platform, and a range of learning courses in both video and written media, among other things.

👉 Showtime traders can also benefit from its daily marketplace analysis, which helps them encompass the real-globe ramifications of news events on the options market and where trading opportunities exist.

Unique Features

Feature	Information
⚖️ Regulation	CySEC, FSCA, FCA, FSC Mauritius
📲 Social Media Platforms	• Facebook • Twitter • LinkedIn • Instagram • YouTube • Telegram
⚖️ CBN Regulation?	No
💻 Trading Accounts	Micro Account, Advantage Account, Advantage Plus Business relationship
📱 Trading Platform	MetaTrader four, MetaTrader 5, FXTM Trader
💵 Minimum Eolith (₦)	10,000 Naira
💳 Trading Assets	Precious Metals, Stock Trading, Stock CFDs, Indices, Forex Indices, Forex Currency Pairs, Bolt, Stock Baskets
✔️ Nigerian Naira-based Account?	Yes
💸 NGN Deposits Allowed?	Yes
💰 Bonuses for Nigerian traders?	Yes
📊 Minimum spread	From 0.0 pips
✔️ Demo Account	Yes
☪️ Islamic Account	Yes

✔️ Pros	❌ Cons
FXTM is a multi-regulated and honor-winning forex broker	Inactivity fees are charged on dormant accounts
There is a dedicated customer back up team available	FXTM does not offering its services to Us clients
At that place are several easy and quick funding and withdrawal methods offered
At that place are three dynamic retail investor accounts to choose from with high maximum leverage ratios
Low minimum eolith requirements and committee-free trading offered
Eolith fees are not charged on any of the payment methods offered and the processing times on withdrawals are quick
There is a choice of educational tools offered and research tools for experienced traders
There is dedicated client support offered in multiple languages

Trust Score and Nigerian Marketplace Share

🥇 FXTM has a trust score of 93% and an overall market share of over 9.6% in Nigeria.

7. GO Markets

ASIC, CySec, FSC, FSA and SCA

Overview

👉 In addition to having an ECN account, GO Markets offers a reasonable choice of tradable products on both the MT4 and MT5 trading platforms, which are both well-regulated.

👉 GO Markets' most prominent characteristic is the sheer volume of trading tools bachelor to clients, which includes a VPS hosting service, Autochartist and Trading Central, besides as MT4/MT5 Genesis and A-Quant, which provides a plethora of daily trading signals.

Unique Features

Feature	Information
⚖️ Regulation	ASIC, FSA Seychelles, FSC Mauritius, CySEC
📲 Social Media Platforms	• Instagram • Facebook • Twitter • YouTube
🏛 CBN Regulation?	No
💻 Trading Accounts	Standard Account, GO+ Business relationship
📱 Trading Platform	• MetaTrader 4 • MetaTrader five
💸 Minimum Deposit (₦)	61,700 NGN
💵 Trading Avails	• Forex CFDs • Share CFDs • Index CFDs • Metal CFDs • Commodity CFDs
💰 Nigerian Naira-based Account?	No
💳 NGN Deposits Allowed?	No
💸 Bonuses for Nigerian traders?	No
📊 Minimum spread	From 0.1 pips
💻 Demo Account	Yes
☪️ Islamic Account	No

✔️ Pros	❌ Cons
Go Markets is a well-regulated broker with a high trust score	There is a high minimum deposit
GO Markets offers powerful and user-friendly trading platforms across devices	There is no Islamic account option provided for Muslim traders
In that location are commission-free trading options offered	Nigerian traders may confront currency conversion fees when they deposit in Nigerian Naira
GO Markets offers tight spreads and competitive commissions	In that location are no local deposits and withdrawals offered to Nigerian traders
Trading Central, VPS, Myfxbook, AutoChartist, and MT4/5 Genesis is offered	There are no Nigerian Naira-denominated accounts
Traders have admission to a-Quant tools
In that location is a comprehensive Go Trade University educational portal for beginners
GO Markets offers defended client support

Trust Score and Nigerian Market Share

🥇 Get Markets has a high trust score of 98% and a market place share of <5% in Nigeria.

Agreement how binary options piece of work

👉 When it comes to binary options, the assumption is a straightforward yep or no proposition: Volition an underlying asset be trading above a specific price at a certain fourth dimension?

👉 As a result, it is one of the most straightforward financial assets to merchandise, with traders placing transactions based on whether they believe the response is yes or no.

👉 Because of its simplicity, information technology has gained widespread acceptance among traders and newbies to the financial markets.

👉 Even though binary options appear to be unproblematic, traders should thoroughly grasp how they function, which markets and fourth dimension frames they may merchandise with binary options, as well equally the advantages and downsides of using these products.

👉 Investing in binary options is as easy as request a simple question: will this market be above this toll at this particular indicate in time? If you believe it is, y'all buy; if you believe it is not, you lot sell.

👉 As a event, binary options are priced between $0 and $100, allowing yous to cull how much majuscule y'all are willing to risk.

👉 Because each contract volition show y'all the greatest amount of coin y'all may win and the maximum corporeality of money y'all could lose, you tin can always make an informed decision and ensure that losses do not screw out of hand.

👉 If your trade is a success, you will receive a $100 payout, which means your turn a profit will exist $100 less the money y'all spent to open the transaction, resulting in a profit of $100.

👉 If your deal does not go through, you will not receive a bounty for information technology. This ways that you lot have lost your capital, but not annihilation else, because your take a chance has been limited.

👉 Binary pick contracts can provide traders with fast-paced trading opportunities while also limiting their exposure to gamble, making them an fantabulous choice for traders of all levels of experience.

👉 Maintaining focus on your trading strategy while likewise managing risk is critical for success. This will prevent y'all from putting as well much coin at danger and losing more money than you can beget to lose.

How to set up upward a binary options contract

👉 A contract for a binary option is equanimous of three key components:

The market on which everything is built. This is the market on which you want to trade – typically brokers offer forex, stock indexes, commodities, and sporting events as trading options.
The striking price is the toll at which a contract is terminated. This is the critical price level at which the market place must operate. The striking toll is critical to the decision-making procedure in binary options – in gild to carry a merchandise, y'all must make up one's mind whether yous believe the underlying market place will be above or beneath the strike price.
The engagement and time of the expiration. You tin trade binary selection contracts with durations ranging from five minutes to i calendar week, with the shortest contracts lasting only v minutes.

👉 Traders tin can admission iv markets for binary options, namely:

➡️ Forex

➡️ Stock indices

➡️ Commodities

➡️ Events

How to choose a forex broker

👉 Nigerian traders must evaluate the following components of a forex broker to decide whether the banker is suited to their unique trading objectives and/or needs.

Regulations and Licenses

👉 This is the first important component that traders must thoroughly evaluate. Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others. Nigerians must beware when dealing with brokers that simply accept offshore regulations such equally FSA, SVG BVI, FSC, and others.

Account Features

👉 Account Features include leverage trading and margin requirement, commissions and spreads, initial deposit, additional features on retail investor accounts, and so on.

Deposits and Withdrawals

👉 Nigerians must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, eolith fees, and minimum withdrawal limits amid other trading and non-trading fees.

Range of Markets

👉 The range of markets offered refers to the number and range of tradable instruments that the broker offers. Nigerians must consider what they wish to trade and what is available.

Customer Support

👉 Customer Support is some other crucial factor and Nigerians must check the availability of back up (trading hours), the quality of back up, and the promptness with which the client back up team responds to queries.

Trading Platform

👉 A trading platform is the Nigerian trader's portal to the financial markets. Traders must ensure that the trading platform has the necessary technical indicators, fundamental assay, technical analysis, economic calendar, charting, newsfeed, and other tools they may need.

Didactics and Research

👉 Teaching and Research come in handy to both novice traders and experienced investors. Didactics includes some of the following:

➡️ eBooks

➡️ Trading guides

➡️ Trading knowledge on leveraged products

➡️ A risk alarm on complex instruments

➡️ Educational videos

👉 Enquiry can include some of the following:

➡️ Trading tools

➡️ Commentary

➡️ Condition of International Markets

➡️ Price movements

➡️ Market sentiments

➡️ Whether there is a volatile market place

➡️ Commutation Rates

➡️ Expert opinions and several other resources can help experienced traders make informed trading decisions.

FAQ

Is it safe to trade binary options?

Compared to other high-risk trades, trading in binary options with a broker is far safer in full general. Information technology's simple and straightforward, with a clear understanding of how much yous may await to win or lose earlier making a decision. If you don't know what you're doing with your investments, you're not going to lose money.

Can you win with binary options?

There are just two possible outcomes: winning or losing a certain sum of money. Additionally, there are no additional fees or commissions involved.

Is binary trading legal?

Binary options trading is legal equally long equally it is conducted through a legitimately regulated binary options broker.

What is the best fourth dimension for binary options trading?

Trading binary options on currencies betwixt 8 a.m. and 12 a.m. is ideal. A bulk of trading takes place between 8 AM and 12 AM (Eastern Standard Time) in the U.s. and Europe.

Can y'all trade binary options 24/7?

Nigh binary options are traded on a 24 hour footing. In that location are certain times when binary options are better traded than others.

Conclusion

👉 Overall, binary options trading is a straightforward and relatively low-risk trading method that is best conducted through regulated binary options brokers in Nigeria.