By: Damian Okonkwo
A. IC Markets – Score 9.19/10
This broker has emerged Wikifx most recommended broker for the year 2021. This broker was founded in 2007 with headquarters in Sydney Australia. IC Markets specializes in CFDs over Forex, stock indices, commodities, bonds, and equity markets in Asia, Latin America, Middle East, Australia and Europe and extensions in Nigeria. IC Markets is regulated in Australia and Cyprus by ASIC and CYSEC respectively.
Wikifx has so much recommended this broker and lauded the quality of its customers service provision as always responding and resolving all customers complaints within seven working days.
B. Exness – Score 8.99/10
This is the second highest rated broker by Wikifx in 2021. Exness brokerage services was established in 2008.
Exness has built a strong record of excellence in the industry over the years, especially in the regions where they operate including Nigeria. This broker is fully regulated by a number of regulators such as: FCA, CYSEC, FSA and FSCA. Exness has a very good deposit and withdrawal scheme for all investors in their local currency. They have a very excellent customers support to attend to all investors complaints.
C. XM – Score 8.99/10
XM is the third highly rated broker by Wikifx. This broker was established in 2007 with branches in various regions across Asia, Africa (South Africa, Nigeria) and UK. This broker has a multiple regulators such as: ASIC, CYSEC, IFSC, FSA and DFFSA.
XM has a very strong recommendations from Wikifx and a very good customer support services. Their minimum deposit is $100.
D. EightCap – Score 8.44/10
This is the 5th highest ranked broker according to Wikifx rankings. This broker was established in 2008 and regulated by ASIC, FCA, VFSC and SCB. This broker only supports the major currencies deposits like USD, GBP and EUR, but does not support minor currencies. All local Currencies deposited are automatically converted to these major currencies and a little conversion fee deducted. The minimum deposit for trading with this broker is $100.
E. Easy Markets – Score 8.35/10
Easy markets is the 8th highest ranked broker operating in Nigeria according to Wikifx rankings. This broker is fully regulated by ASIC, CYSEC, FSA and FSCA. This broker has a minimum deposit of $100. Easy markets offers several unique features attractive to beginners through its proprietary trading platform. However, easyMarkets is pricey, offers only a small selection of tradeable products, and does not provide special market research for traders on their platforms.
F. Ava Trade – Score 8.03/10
Ava Trade is another broker operating in Nigeria Regulated by Tier 1 regulators: ASIC Australia, FSA Japan, FSCA South Africa. This broker is the 49th highly ranked broker according to Wikifx rankings.
AvaTrade offers an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helps beginners to learn about the market. They equally provide a copy trades option for beginners in their platforms.
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