There are certain times when binary options are better traded than others. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Windsor Brokers Review.

FXChoice Review. Scope Markets Review. FXPesa Review. Weltrade Review. How to Invest in Bitcoin in Nigeria. How to Invest in Crypto in Nigeria. Take advantage of low trading costs with no transaction fees or currency exchange rates. Best Trading Platform. Forex Trading Platforms. Broker Reviews. OPEN AN ACCOUNT. This is a complete list of binary options forex brokers in Nigeria. Which binary options brokers are best for Nigerian 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? Louis Schoeman. Updated : September 5, Alpari Yes 1, NGN Yes Yes 👉 Open Account 2. AvaTrade Yes 41, NGN No Yes 👉 Open Account 3. HFM Yes 2, NGN No No 👉 Open Account 4. Pepperstone Yes 60, NGN No Yes 👉 Open Account 5. FXTM Yes 10, NGN Yes Yes 👉 Open Account 6. FP Markets Yes 30, NGN No Yes 👉 Open Account 7.

GO Markets Yes 61, NGN No No 👉 Open Account. What are binary options? Overall Rating. Min Deposit. Trading Desk. MetaTrader 4. Total Pairs. Islamic Account. Trading Fees. Account Activation Time. Read Review. ASIC, FSA.

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central. CySEC, FSC, FSCA. MetaTrader 4 and MetaTrader 5. FP Markets. ASIC, CySEC.

MetaTrader 4, MetaTrader 5. CySec, FSCA. GO Markets. ASIC, CySec, FSC, FSA and SCA. Understanding how binary options work 👉 When it comes to binary options, the assumption is a straightforward yes or no proposition: Will an underlying asset be trading above a specific price at a certain time? How to set up a binary options contract 👉 A contract for a binary option is composed of three fundamental 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 price at which a contract is terminated.

This is the critical price level at which the market must operate. The striking price is critical to the decision-making process in binary options — in order to conduct a trade, you must determine whether you believe the underlying market will be above or below the strike price. The date and time of the expiration. You can trade binary option contracts with durations ranging from five minutes to one week, with the shortest contracts lasting only five minutes.

Regulations and Licenses 👉 This is the first important component that traders must thoroughly evaluate. 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, deposit fees, and minimum withdrawal limits among 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. Customer Support 👉 Customer Support is another crucial factor and Nigerians must check the availability of support trading hours , the quality of support, and the promptness with which the customer support team responds to queries.

Education and Research 👉 Education and Research come in handy to both novice traders and experienced investors. FAQ Is it safe to trade binary options? Can you win with binary options? Is binary trading legal? What is the best time for binary options trading? 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.

Table of Contents. Download our FREE Forex Guide Ebook. Get Your Free Ebook. Most Popular. About Us. Contact Us. Facebook Twitter Linkedin Pinterest Youtube. All Rights Reserved. Be the first to rate us on Trustpilot — click below! Best MT4 Broker with the Lowest Fees. The comparison tables below list and ranks the different binary trading sites based on different criteria like minimum deposit, maximum return, regulations, and bonuses available.

You can also read our reviews about each broker and platform we recommend in this article, this information about brokers will help you compare them and make the best choice. In this comparison list, you will also find different tips on how to choose the best trading platform according to your personal needs, all of which will mainly depend on your affinity and preference as a binary options trader.

Brokers Payout Min. Table of Contents. io is probably one of the best binary options trading sites in our comparison. With a simple and intuitive trading platform, with no less than 22 trends indicator and oscillators, as well as the most precise trading signals that will help you in the development of your trading strategies.

Quotex gives access to More than instruments such as Forex, commodities and indices. You can open a demo account without registration or deposit to practice binary options trading and develop your strategies.

Deposits and withdrawals are made by various popular payment methods such as Visa and MasterCard debit and credit cards, Skrill, Neteller, Yandex Money, WebMoney and Qiwi.

IQ Option also allows you to speculate via contracts for difference CFDs on stocks, cryptocurrencies, and ETFs as well as on various digital options. The IQ option trading platform is used to trade CFDs as well as to trade binary options and digital options.

You can trade with leverage on different assets such as forex, commodities and stocks as well as on indices. IQ option is a CySEC Regulated broker and is MiFID compliant.

However, clients outside the EEA operate with a company called IQ Option Ltd. which is based in St. Vincent and the Grenadines. Pocket Option is one of the best brokers for binary options trading. Pocket option allows you to trade online with over assets through its web platform, mobile app or MetaTrader 5 trading platform. This binary options broker operates under the company name Gembell Limited which is located in the Marshall Islands. It is a serious offshore broker for trading stocks, commodities, forex, currencies, crypto currencies.

This binary broker is regulated by IFMRRC and accepts clients from all over the world, including traders from the United States and Europe. It is very easy to open an account on Pocket Option and withdrawals are immediate.

We find that this broker is very popular and appreciated by traders all over the world. You can trade binary options on a modern web platform and their trading app which has everything you need for a top level trading experience including popular indicators and signals.

In addition, many special features make the broker unique such as Copy Trading as well as other innovative features. Raceoption is one of the most renowned binary options companies. It is a serious binary options broker and provides a clear and intuitive trading platform.

Launched in RaceOption operates under the company name Makerun Corp and is based in the Marshall Islands, it is one of the only binary option brokers to accept clients from the US and around the world. You can also trade forex via CFDs as well as other assets available on the platform. RaceOption is one of the few binary option brokers to feature Copy Trading, which is a feature many traders like to familiarize with trading and copy top traders registered with the broker.

Unlike other brokers, access to customer service is very easy and this is done through a dialog box visible at the bottom right of your screen. Created in , This broker operates under the name of Wave Makers LTD, a brokerage company based in Marshall Islands.

Just like other brokers that we list in this ranking of the best brokers, BinaryCent is not only a binary options broker, but also provides forex brokerage and contract for difference CFD services. CFD gives you the advantage of being able to use leverage. This gives you the opportunity to take larger positions than you normally can and thus amplify your potential profits. In terms of regulation, BinaryCent is a broker regulated by the Global Financial Services Authority GLOFSA.

OlympTrade is a serious online trading broker that accepts traders from most countries of the world. This online brokerage companie are fully legal and officially registered and have received several awards for their professionalism.

This Binary options broker is regulated by the International Finance Commission since which is an excellent point. On our binary option broker list, OlympTrade is the best binary option broker with MT4 trading platform. yous can Explore the platform and test your trading strategies for free and can make quick and easy deposits and withdrawals with Bank Card, JCB, Union Pay, Neteller, Skrill, Perfect Money, WebMoney, Bitcoin, Tether USDT and Ethereum.

With this online broker, you can trade Currencies, Stocks, Metals, Indices, Commodities, Crypto, ETF and OTC assets with their platform or with the MT4 trading platform that many traders like for online trading. com started its activity in and is a renowned binary options broker that allows you to benefit from the same rates as traders in the interbank market.

All prices are in real time, compared to interbank options markets. all without any hidden fees or commissions. This broker is one of the best in the binary options industry.

With this broker you have access to a wide range of assets such as currencies, stock indices, commodities, and synthetic indices and you can choose expiration periods ranging from 10 seconds to days on binary option contracts. con is licensed and regulated in the British Isles and in Malta since and operates with the strictest security standards in the industry by segregating your funds and holding them with secure and approved financial institutions.

You can make your withdrawals and deposits with a wide variety of payment methods such as bank transfers, Visa, Mastercard and Maestro debit and credit cards and a multitude of electronic wallets such as Skrill, Neteller, WebMoney, QIWI, PaysafeCard, Sticpay, Airtm, PerfectMoney and FasaPay. Binomo is a well-known brand in the online trading and binary options industry. This broker has won numerous awards, notably the IAIR Awards and the FE Awards. Binomo is regulated by the Financial Commission, an independent regulatory body that compensates clients for bad brokerage practices and litigation.

With binomo you can trade simultaneously without restriction. Trader the week and gives you the opportunity to trade using a wide range of assets via binary options and CFDs.

Like most of the best brokers, you can trade with their app for iOS and Android as well as stay informed instantly about trade closings and markets closing, promotions and tournaments. With this broker, You can make deposits and withdrawals quickly via Visa, Mastercard and American Express cards as well as via JCB and China Union Pay. ExpertOption is one of the leader in online trading industry and is trusted by more than 50,, clients. This broker received the award of the Best Trading Platform at China Trading Expo in May On ExpertOption, you can trade among more than assets and stocks and is continuously adding new financial instruments to have more and more market opportunities for traders.

Instead of using classic trading platforms like MT4 and MetaTrader 5, this binary option broker has its own platform with 4 types of charts Area, Line, Bars and Candles 8 indicators Moving average, Bollinger bands, Alligator, Parabolic SAR, Fractal, RSI, Awesome oscillator and MACD and trend lines for your technical analysis.

Expert Option gives you the possibility to use a Social trading function too, which can help beginners as well as expert traders to copy the trades of the best traders. Deposits and withdrawals of money on Expert Option are fast and without commission. They can do this with Visa, MasterCard and Maestro debit and credit cards as well as various payment methods such as skrill, Neteller, m pesa and JCB.

The Broker Expert Option does not accept citizens and residents of the European Economic Area as well as other countries and regions of the world such as the United States, Canada, Russia, Switzerland, Israel, New Zealand, Australia, Puerto Rico, Singapore, Bangladesh, Indonesia, Iran, North Korea and Yemen.

ai is a blockchain-based broker that uses crowdsourcing technology, which allows traders to trade directly against Specter. ai liquidity pool or against other traders. One of the particularity of this binary options broker is that it is entirely based on a set of audited and secure smart contracts. With the blockchain technology and integrated smart contract of this broker, you can trade directly from your own digital wallet without making a deposit. This broker is also recommended to Muslim traders because it is a Sharia-compliant halal broker, with no hidden fees, no haram assets and with no-fee trading.

This allows the trader who honors the Islamic faith to be able to trade their preferred assets while respecting their faith and beliefs. This broker is regulated by the CFTC which is one of the most renowned regulators in the online tarding industry and guarantees you financial compensation in the event of a dispute with the company.

Of course, this binary options broker accepts US American traders and gives them access to a whole range of derivative products such as binary options and other financial derivatives.

If you are looking for a simplified investment strategy, look no further than that offered by binary options brokers in Nigeria. However, it might be challenging to locate the top binary options trading platform in Nigeria. Therefore, we have compiled a list of the best forex brokers in Nigeria that offer binary options so that you could invest in Binary Options and Digital Options from the comfort of your own home.

Nadex, which is one of the best binary options brokers in Nigeria , is licensed by the Commodity Futures Trading Commission CFTC , is the biggest binary options exchange in the United States and allows traders to speculate on currency pairs, commodities, and stock indices. Exchange-traded foreign currency contracts provide the backbone of the BinaryCent trading platform. BinaryCent is one of the best options for best forex brokers in Nigeria.

Trading binary options with forex as the underlying asset is a little different from other trading platforms. Since the lowest investment required by BinaryCent is merely 41 NGN, the platform is gaining popularity among traders.

As one of the most prominent online options brokers, IQ Option is headquartered in Cyprus and is one of the best forex brokers in Nigeria with binary options.

With customers in over countries and 43 million registered users, they handle over 1 million deals daily. Open a Free Trading Account Now. Because of its long history in the industry, Binary.

com has a solid reputation. It was created in Across a million people all over the globe have signed up as members. com sets itself apart from other brokers by giving you access to a wide variety of trading platforms, including the popular MT5, the innovative Binary Bot, and the versatile SmartTrader.

Since its founding in , this binary options broker situated in the United Kingdom has processed over 10, transactions a day on average.

They provide outstanding CFD trading features, such as live charting and rapid trade execution, on a platform that is accessible from any computer or mobile device. Binary options trading is a convenient method to supplement your income without taking on the standard market risk. However, Nigerians should approach with care since binary options are dangerous despite their seeming clarity.

Several market regulators oversee several binary options firms, but many brokers are unregulated. Also Read: Why Forex Trading Is So Popular. Ezra Yakusak, said this in a news briefing heralding the NEPC Export Week scheduled from November 21 to Yakusak emphasised the need for Nigerians to embrace the non-oil export critical in growing the economy, providing more jobs and addressing insecurity in the country. Yakusak added that the ultimate goal was to ensure that the events that were lined up would become an avenue for massive recruitment of people into the non-oil export net.

He said revenue generated from non-oil exports which increased to 2. Others are an export inclusiveness day for women and youth, the Export4Survival walk and a variety show and gala night to be held on Thursday, November Shell Nigeria Exploration and Production Company Limited SNEPCo has announced the completion of the Turn Around Maintainance TAM of its offshore Floating Production Storage and Offloading Vessel, christened Bonga.

He said the relatively new Ocean Bottom Node OBN technology, could significantly reduce the logistical encumbrances.

Furthermore, he hinted that the evolution of OBN technology enables the improvement of subsurface imaging bring about higher returns on investment, improved risk reduction and accelerate the pace of unlocking the prize. The company also held technical sessions at its Exhibition Booth, where a large turnout of students, business people, investors and visitors were educated about the company, while the technical experts through different sessions, dealt with topics relating to the theme of the conference.

Visitors to the TotalEnergies booth were also lectured on topics covering maters relating to jobs opportunities and career placements, contract and procurement requirements, Corporate Social Responsibility and Health and Medical issues in the company.

In another highly technical presentation on Acquisition, Processing 3D and 4D Joint Inversion — Egina Field Case Study, the company gave details of its exploration activities on the Egina field in conformity with the standards and regulations that meet global best practices.

The event which had major key players in the Oil and Gas industry from both local and international platforms, exhibited their products and services. The conference started with a management session highlighting on the Decade of Gas Initiative, where experts contributed diversely on factors to improve the Lower Carbon Drive in the country. Connect with us. Nadex Overview Nadex, which is one of the best binary options brokers in Nigeria , is licensed by the Commodity Futures Trading Commission CFTC , is the biggest binary options exchange in the United States and allows traders to speculate on currency pairs, commodities, and stock indices.

Pros and Cons PROS CONS Nadex is fully regulated and offers user-friendly trading platforms CFD trading is not supported Nigerians can expect powerful trading tools There is a limited range of forex pairs There is a range of tradable asset classes There are limited funding options BinaryCent Overview Exchange-traded foreign currency contracts provide the backbone of the BinaryCent trading platform.

Pros and Cons PROS CONS IQ Option has one of the best mobile apps for Nigerian traders on the go There is a limited selection of markets offered There is a demo account offered The app and platform are accessible and user-friendly? Open a Free Trading Account Now Binary. com Overview Because of its long history in the industry, Binary. Pros and Cons PROS CONS Binary. com accommodates beginners and experienced traders Some offerings are not considered legal in many jurisdictions There is a choice between different platforms There are several rare options not allowed by other brokers RaceOption Overview Since its founding in , this binary options broker situated in the United Kingdom has processed over 10, transactions a day on average.

FAQ What are Binary Options? Binary options provide two potential outcomes: a preset profit or losing your investment. Are Binary Options Brokers Regulated? Related Topics:. Up Next NIMASA Inaugurates Team On Maritime Security. Continue Reading.

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Amongst its many numerous uses, the demo account gives newbie traders the opportunity to practise their trading skills, and experienced ones to test out new strategies. Trading Experience 9. While you look at the upsides in selecting a binary options platform of choice, you should also look at potential red flags that help you avoid the wrong binary options brokers. With this broker you have access to a wide range of assets such as currencies, stock indices, commodities, and synthetic indices and you can choose expiration periods ranging from 10 seconds to days on binary option contracts. Continue Reading. With customers in over countries and 43 million registered users, they handle over 1 million deals daily.

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