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10 Best NFT Trading Platforms in Nigeria

The 10 Best NFT Trading Platforms in Nigeria revealed. We tested and verified the best NFT Trading Platforms for Nigerian Traders.

This is a complete list of NFT Trading Platforms in Nigeria.

In this in-depth guide you’ll learn:

  • What is an NFT Trading Platform?
  • What is
    the best NFT marketplace for artists?
  • Our recommended TEN NFT trading platforms for Nigerian Beginner Traders?
  • How to compare NFT trading platforms against each other?
  • How and can I trade Bitcoin with $5 (2 096 NGN)?
  • Which brokers offer a signup bonus on a $5 (2 096 NGN) deposit?


And lots more…

So if you’re ready to go “all in” with the best-tested NFT trading platforms in Nigeria…

Let’s dive right in…

Updated : September 22, 2022

What is an NFT Marketplace?

👉 An NFT marketplace is a decentralized marketplace that functions like an eCommerce platform where creators or merchants post their items and customers can purchase them. NFTs can be exchanged for other NFTs or sold/purchased through these decentralized NFT marketplaces.

 

👉 NFT markets include various features and categories, distinguishing them from eCommerce marketplaces. For example, NFTs or digital assets may be saved, exchanged, and exhibited to a broad audience.

 

👉 NFT markets are giving birth to the NFT Business Model, in which unique non-fungible tokens about art, film, and music are purchased and sold. Subsequently, this incorporates NFT development techniques for developing, deploying, and managing NFT markets and NFTs.

 

👉 A crypto wallet is necessary to conduct transactions in an NFT marketplace. All transactions, including buying, selling, and storing NFTs, will be conducted via the crypto wallet.

1. NFT LaunchPad

NFT LaunchPad

Overview

👉 NFT LaunchPad is the leader when it comes to the greatest NFT markets. NFT LaunchPad was founded in February 2022 and is an all-encompassing platform where buyers and creators may interact and conduct transactions.

 

👉 In addition to integrating with the Web3 environment, NFT LaunchPad has helped promote ideas such as blockchain games and the metaverse.

 

👉 The digital assets featured on NFT LaunchPad are housed on the BNB Chain. They may be bought using Wrapped BNB, one of the greatest cryptocurrencies for investing in NFTs.

 

👉 NFT LaunchPad’s asset selection is vast, with NFTs originating from various areas, including sports, films, metaverse products, trading cards, and digital art. The unique collections provided to investors are one of the most intriguing parts of NFT LaunchPad’s service.

 

👉 Other amazing NFT projects include PixelDoge NFTs, Crazy Angry Greedy Pandas, and CryptoPunks. Notably, NFT LaunchPad offers assets at all price points, guaranteeing that newcomers are not excluded.

 

👉 Lucky Block NFTs comprise most of NFT LaunchPad’s volume at the time of writing. As the name suggests, these NFTs are provided by the crypto-phenom Lucky Block and play a significant part in the ecosystem’s new NFT competition platform.

 

👉 In addition, the purchasers of these NFTs could win prestigious prizes.

 

Features

💻 Featureℹ️ Information
Marketplace Type/CategoriesDigital Art, Videos, Gaming NFTs
Payment MethodsEthereum and Polygon
Overall Rating4.2/5
Year Launched2022
BlockchainBinance Smart Chain, Polygon

 

Pros and Cons

✔️ Pros❌ Cons
The marketplace does not currently impose any gas feesNigerians must first mint NFTs to start the overall creation process
Nigerians can easily “Flip” NFTs
Nigerians can mint and create NFTs on one platform
The platform uses Wrapped BNB for trading activities
There are various NFT collectibles on the platform

2. Rarible

Rarible

Overview

👉 Rarible enables users to purchase and sell art, collectibles, video game assets, and non-fungible tokens. Rarible can be purchased and traded using Ethereum, Flow, and Tezos.

 

👉 Rarible charges a flat 2.5% fee plus applicable gas costs for each transaction. A credit card can purchase NFTs, enabling transactions in fiat currencies.

 

👉 An intriguing part of Rarible is that it generated its own native token, RARI, rather than having internal management determine everything. RARI holders can vote on corporate decisions, such as policy changes.

 

👉 Rarible announced cooperation with Adobe in 2021 to facilitate the verification and security of metadata for digital material, including NFTs.

 

👉 Rarible might be the ideal NFT marketplace for individuals who want access to a broad network with robust connections. In addition, it still maintains a decentralized mentality.

 

👉 Self-listing is the primary emphasis of Rarible. As a result, artists may develop a market for their non-fungible tokens without incurring any commission or platform costs. This is analogous to Uniswap’s standing among cryptocurrency exchanges in many aspects.

 

👉 For instance, Uniswap enables anybody to offer cryptocurrencies on their platform without requiring a laborious and time-consuming listing process. The same applies to Rarible, but in terms of NFTs.

 

👉 Additionally, the self-listing process generates a diverse supply of NFTs. Finally, Rarible provides access to collectibles, trading cards, and digital art.

 

Features

💻 Featureℹ️ Information
Marketplace Type/CategoriesArt, Photography, Games, Metaverse, Music, Domains, DeFi
Payment MethodsEthereum, Tezos, Flow
Overall Rating3.5/5
Year Launched2020
BlockchainEthereum

 

Pros and Cons

✔️ Pros❌ Cons
Rarible is considered an all-inclusive marketplace where Nigerians can buy, sell, and create NFTsThere is an expensive 2.5% transaction fee
Users can change the price of existing collectibles for free at any given timeUsers must first connect a wallet before they can access items on Rarible
The platform integrates with OpenSeaYou cannot deposit or withdraw without an Ethereum wallet
There is a robust royalty system where artists can make money from the NFTs they have soldThe process of creating a wallet on Rarible is tedious and time-consuming
Nigerians can connect to an existing wallet or create a new one
The platform has robust security, including verification and a report structure
Nigerians can connect to Rarible from Twitter, Instagram, Telegram, and other platforms

3. Magic Eden

Magic Eden

Overview

👉 On Solana, the Magic Eden platform is the primary Market for NFTs. Their Reselling Act permits the reselling of individual NFTs and the listing and minting of whole collections through their Launchpad on their official website.

 

👉 There is currently no Magic Eden-like marketplace. Therefore, you will need to apply to be listed or mint your collection. However, having curated collections gives you control over the exhibited material, allowing you to construct a collection of superior quality.

 

👉 Magic Eden offers key features, including auctions, collection statistics, price or attribute filtering, and a limited-time free browser game called “Mini Royal.”

 

👉 In addition, skins and other in-game goods could be exchanged for NFTs in this game, which pays tribute to famous Battle Royale titles (Fortnite, COD Warzone, etc.). However, the production of the game is still in its earliest phases.

 

👉 Magic Eden is a comprehensive marketplace that reminds me of OpenSea, the most popular NFT market.

 

👉 To use Magic Eden, you must have either a Trust Wallet or an Exodus Wallet, both of which are Solana-compatible, and enough SOL to pay for your NFT and the Solana blockchain transaction fee.

 

👉 Magic Eden also has an iOS version, but to trade NFTs, you must use a web browser to access the site and link your web3 wallet.

 

Features

💻 Featureℹ️ Information
Marketplace Type/CategoriesArt, Photographs, Game Assets, and more.
Payment MethodsSolana, Ethereum
Overall Rating4/5
Year Launched2019
BlockchainSolana

 

Pros and Cons

✔️ Pros❌ Cons
The Magic Eden platform is user-friendly in terms of buying and creating NFTsThe mobile app only allows for browsing
There is a wide range of NFTs that you can buySome NFTs on the platform appear to be copies of more notable collections
The transaction fees are low and competitiveThe software is closed source
The Magic Eden launchpad makes it easy to list NFTs

4. Crypto.com

Crypto.com

Overview

👉 When determining where to purchase NFTs, Crypto.com is another excellent alternative. This prominent NFT marketplace is one of the world’s leading cryptocurrency exchanges, utilized by over ten million individuals.

 

👉 In addition to its well-known crypto-trading services, Crypto.com has opened its own NFT marketplace. The marketplace was founded in 2021 and currently sells NFTs in art, celebrities, gaming, athletics, music, and cryptocurrency.

 

👉 Crypto.com intends to simplify the investment process since Nigerians may open a Crypto.com NFT account in minutes. Furthermore, NFTs are accessible by auction or at a set price. Customers may acquire them using a credit or debit card.

 

👉 Alternately, NFTs could be purchased using cryptocurrency through the “Crypto.com Pay” gateway. However, in sharp contrast to many other sites, Crypto.com does not charge a transaction fee to purchase NFTs.

 

👉 This is the most tempting aspect of the purchasing procedure. However, on Crypto.com, you might also discover some of the costliest NFTs on the market.

 

Features

💻 Featureℹ️ Information
Marketplace Type/CategoriesArt, Music, Gaming, Sport, Celebrities
Payment MethodsUS Dollars, Ethereum, CRO
Overall Rating4.5/5
Year Launched2021
BlockchainCrypto.org and Ethereum

 

Pros and Cons

✔️ Pros❌ Cons
There are no transaction fees when you purchase NFTsThe minting process on this platform is not transparent
Nigerians can purchase NFTs using a credit or debit cardUsers must complete a comprehensive application to become a creator
There are several categories offered on the Crypto.com NFT marketplaceThere is a 72-hour review period for NFT minting
The platform supports Ethereum-based NFTsThere are only 5 file formats supported
There is a robust mobile app offered for buying NFTs
Several payment methods are offered

5. OpenSea

OpenSea

Overview

👉 OpenSea is an Ethereum-based NFT marketplace launched in 2017 as a listing and trading platform for non-fungible blockchain tokens.

 

👉 Although the first version of OpenSea was created with CryptoKitties in mind, it immediately became evident that a universal platform could be developed.

 

👉 Soon after adopting the moniker “OpenSea,” the business started creating an Ethereum NFT marketplace that would accommodate a variety of blockchain-based games and apps.

 

👉 OpenSea aspires to be the “Swiss Army Knife” of the business in this manner. As a result, developers can design new games and apps without needing to master specialist programming languages or deal with single, all-encompassing blockchain technology.

 

👉 This is significant because it allows developers to work in emerging markets without learning innovative technology first. OpenSea’s key cryptocurrencies are Ethereum, Solana, and USDC, with more cryptocurrencies available as payment choices.

 

👉 Please be aware that you cannot use fiat currencies such as the US Dollar or the Nigerian Naira. But, positively, OpenSea is very user-friendly for novices. You can register a free account within minutes and instantly begin exploring NFTs. You can even construct NFTs on their platform.

 

👉 OpenSea levies a fee of 2.5% of each transaction to cover expenses. In addition to paying the gas price, you must additionally pay the fee for completing NFT transactions using Ethereum. Gas costs are the transaction fees that miners are charged.

 

👉 OpenSea is an excellent alternative for newcomers seeking a basic marketplace and as many possibilities as feasible for NFTs.

 

Features

💻 Featureℹ️ Information
Marketplace Type/CategoriesArt, Music, Photography, Trading Cards, Virtual Worlds, and more
Payment MethodsEthereum, Solana, USDC
Overall Rating5/5
Year Launched2017
BlockchainEthereum, Solana, Polygon, Klaytn

 

Pros and Cons

✔️ Pros❌ Cons
There are low fees, and gas-free transactions are offeredFiat currency is not accepted
There are over 200 payment optionsNigerians must have an existing Ethereum wallet
There is a massive selection of NFT collectibles offered
The platform supports Ethereum-based NFTs
The interface is user-friendly, even for complete beginners
There are several useful features on the platform

6. Binance NFT Marketplace

Binance NFT Marketplace

Overview

👉 Another location to buy NFTs that comes highly recommended is the Binance NFT Marketplace. The largest cryptocurrency exchange in the world, Binance, runs this market, as the name would imply.

 

👉 Binance is renowned for its cheap costs. This applies to the NFT marketplace, where Nigerians pay just a 1% transaction charge when purchasing NFTs. In addition, the Binance NFT Marketplace provides access to NFTs on both the Binance Smart Chain and the Ethereum blockchain.

 

👉 The Binance marketplace provides NFTs in various categories, including art, sports, entertainment, gaming, collectibles, and others.

 

👉 The enticing ‘Mystery Box’ feature on Binance enables users to buy a box and acquire a random NFT that may be quite valuable. If you already have an account with Binance, you may use the same credentials to access the NFT marketplace.

 

👉 The marketplace is supported by the bigger cryptocurrency exchange Binance. However, it is uncertain what rules govern the Binance exchange, given that the business relocated outside China when the government raised its cryptocurrency restrictions.

 

👉 However, the corporation makes every effort to comply with country-specific rules.

 

Features

💻 Featureℹ️ Information
Marketplace Type/CategoriesGaming, Sports, Entertainment, Art, Mystery Boxes, and more
Payment MethodsBinance Coin, Binance USD, Ethereum
Overall Rating4/5
Year Launched2021
BlockchainBinance Smart Chain

 

Pros and Cons

✔️ Pros❌ Cons
Nigerians can create and verify their Binance account free of charge, and the account can be used across the entire Binance ecosystemMinting permissions can be extremely restrictive
The platform and marketplace are user-friendly and easy to navigateThe marketplace is still young when compared to competitors
There is a competitively low minting feeThe royalties are much lower than that of competitors
There are several robust security features
There are NFTs offered on Ethereum and BSC
There is an attractive and innovative mystery box feature

7. Nifty Gateway

Nifty Gateway

Overview

👉 Nifty Gateway is renowned for staging pricey and exclusive NFT transactions, such as the $91.8 million sale of digital artist Pak’s “The Merge.” Subsequently, it made news when the site was bought by Gemini, which Cameron and Tyler Winklevoss control, towards the end of 2019.

👉 This market focuses on art, especially pieces created by well-known artists and public figures. Nifty Gateway uses the idea of “open editions” to boost demand. Editions are only offered briefly when a new kind of NFT is introduced.

👉 This marketplace does permit the use of credit cards for purchases. Nifty Gateway might be the way to go if you want to invest substantially in NFTs and desire access to premium alternatives.

👉 Nigerians must use the cryptocurrency saved on their Gemini accounts to purchase NFTs. In addition, Nifty Gateway charges a 5% fee plus a $0.30 transaction fee to the seller of each NFT.

 

Features

💻 Featureℹ️ Information
Marketplace Type/CategoriesArt
Payment MethodsEthereum, credit card, debit card, EtherCredit, Gemini Account
Overall Rating3.5/5
Year Launched2019
BlockchainEthereum

 

Pros and Cons

✔️ Pros❌ Cons
Gemini backs Nifty ExchangeGas fees will pile up if gas is used often
The marketplace focuses on premium dropsThe only way to withdraw funds is from a Gemini account
The marketplace has attracted many high-profile namesNifty Gateway was victim to the NFT heist in 2021
The interface is easy to use
Nifty Gateway has a rigorous vetting process for artists

8. Axie Marketplace

Axie Marketplace

Overview

👉 The Axie Infinity Market is the NFT market for one of the most popular crypto-based video games. Players can purchase and sell NFTs for Axie Infinity creatures, objects, and lands. Given that the game needs three Axies to begin, the marketplace is the quickest option to begin.

 

👉 The Axie Infinity Marketplace is a marketplace specializing in NFTs for the popular Axie Infinity game. It provides millions of Axies, digital pets with varying qualities and rarity. You may use these animals in combat to explore the game world and breed young Axies.

 

👉 The marketplace also sells land and things inside the game universe. Purchased NFTs from the Axie Infinity Marketplace are added to your stock. You can sell your goods at a predetermined price or an auction.

 

👉 People have been attracted to Axie Infinity because it is a play-to-earn cryptocurrency game. Through in-game prizes, players earn cryptocurrency. This allows you an additional opportunity to earn from investing in NFTs since selling them is not the only way to do so.

 

👉 Some people purchase Axies and play the game to gain cryptocurrency. Others invest in Axies and rent them out to other players for a share of their revenue. This arrangement is known as a Scholarship.

 

👉 The Axie Infinity Marketplace charges no fees to purchasers. In addition, free NFTs are available for purchase, which is uncommon in NFT markets. Nigerians should note that transferring Ethereum to your Ronin Wallet, essential to utilize this site, incurs gas costs.

 

Features

💻 Featureℹ️ Information
Marketplace Type/CategoriesCollectibles, Gaming Assets
Payment MethodsEthereum
Overall Rating4/5
Year Launched2022
BlockchainEthereum

 

Pros and Cons

✔️ Pros❌ Cons
Users can easily buy and sell gaming NFTs on this marketplaceThere is an excessive seller’s fee of 5.25%
There is no buyer’s feeThere are multiple wallets required, namely Ronin Wallet and MetaMask
Users can easily earn crypto rewardsThere is only one category of NFT offered for Axie Infinity players

9. Larva Labs / CryptoPunks

Larva Labs / CryptoPunks

Overview

👉 When people think of Larva Labs, they think of the CryptoPunks NFT project. In 2017, they were distributed for free, but now, certain CryptoPunks fetch prices in the millions.

👉 Autoglyphs is only one of several ongoing digital art projects at Larva Labs, including creating apps based on the Ethereum blockchain.

👉 Although the Larva Labs CryptoPunks NFTs are no longer available directly from the company, they can still be purchased through secondary markets.

👉 Meebits, for example, could bid via Larva Labs’ internal marketplace. However, most of the company’s endeavours are interesting enough to warrant monitoring.

👉 About 10,000 distinct people worked on the CryptoPunks marketplace. Punk-style males and females predominate in these algorithmically created 24×24-pixel artworks. Zombie and ape characters and a few aliens round out the cast of non-humans that can technically still play a role.

👉 The status of these CryptoPunks NFTs is shown on the site using a colour coding method. The ones with blue backgrounds are the ones that have been claimed as NFTs, while the ones with red backgrounds are the ones whose owners are trying to sell them.

👉 When a bid is placed on an NFT, that NFT will have a purple backdrop. A bot in the CryptoPunks Discord channel will publicize any upcoming auctions.

👉 To date, the “CryptoPunk #3100” sold on March 11, 2021, for 4,200 Ethereum, making him the most expensive CryptoPunk ever sold (totalling USD 7.6 million at the time).

 

Features

💻 Featureℹ️ Information
Marketplace Type/CategoriesCollectibles
Payment MethodsEthereum
Overall Rating2.5/5
Year Launched2017
BlockchainEthereum

 

Pros and Cons

✔️ Pros❌ Cons
There are no services fees charged on CryptoPunks or MeebitsThere are limited NFT options
CryptoPunks are some of the most renowned NFTsThe website and marketplace have different layouts when compared to other marketplaces, which results in a learning curve for inexperienced users
Larva Labs does not support the minting of NFTs

10. Foundation

Foundation

Overview

👉 Foundation is a market for NFTs that enables artists to purchase and sell NFT artwork in an auction format. When a minimum bid is established, auctions last for 24 hours.

 

👉 The firm was established in 2020, and it takes pleasure in curating unique digital art. Foundation has shown digital materials by notable NFT artists such as Kevin Roose, Pak, and Jack Butcher, among others.

 

👉 The buzz around the new creative economy has overwhelmed several markets with fresh mints. This buzz subsequently forced prospective purchasers to filter through many GIFs and memes to locate the asset.

 

👉 To keep things simple, Foundation sells fewer items on its marketplace, enabling purchasers to locate potentially valuable paintings readily.

 

👉 Like other of the greatest NFT marketplaces like OpenSea and Rarible, Foundation is a DeFi platform that operates on the Ethereum blockchain and enables the purchase and sale of original digital artwork.

 

👉 However, being able to sell on Foundation requires an invitation from one of their present artists, making it a challenging prospect to get.

 

👉 When offering crypto art for sale, producers establish a “reserved” price that must be fulfilled before the auction may begin. Then, when a prospective buyer submits a good offer, a 24-hour action will commence.

 

👉 In the case of a last-minute bid, the clock will remain frozen for 15 minutes. Both parties will settle the deal after the auction. Foundation generates revenue from main sales commissions, like other exclusive markets such as SuperRare.

 

👉 The art suppliers will pay a 15% transaction fee to the site. Consequently, as the developer of the non-fungible tokens, the artist will get 10% perpetual royalties on any future sales of their artwork.

 

Features

💻 Featureℹ️ Information
Marketplace Type/CategoriesImages, Videos, 3D Art
Payment MethodsEthereum
Overall Rating3/5
Year Launched2020
BlockchainEthereum

 

Pros and Cons

✔️ Pros❌ Cons
Nigerians who want to buy art NFTs can buy them at FoundationThe marketplace fee is 5%, which is more than that of other platforms
The design of Foundation is user-friendly and simpleUsers must have a compatible web3 wallet to make purchases
The platform is renowned for minting NFTs because of its setup and fee structureThere is a steep 15% commission fee on primary sales
Creators can earn 10% royalties on secondary sales
The auctions are popular and allow creators to earn more than they might on other platforms
The platform is selective of artists, and the few chosen will gain more exposure

How to Choose the Right NFT Marketplace in Nigeria

NFT Marketplace

👉 Nigerians will have recently seen references to non-fungible tokens (NFTs) around the Internet. In 2020, the NFT industry continued to expand, and the technology initially designed to assist artists now draws celebrities, athletes, gamers, and even multinational organizations.

 

👉 There are now a variety of NFT markets where you may purchase and trade these unique tokens. However, given the abundance of available alternatives, choosing the platform that will best serve your interests and, most importantly, be 100% safe and trustworthy might be challenging.

 

👉 Below we have provided Nigerians a guide on choosing the right NFT Marketplace suitable to their unique trading needs and requirements.

 

Identify the type of marketplace you need

👉 Some NFT markets may contain a wide range of various sorts of NFTs, while others specialize in just one category.

 

👉 Additionally, NFT markets are classified as either streamlined or enhanced. Streamlined platforms accommodate a wider variety of NFTs and provide more local generic services. In contrast, augmented platforms specialize in specialty NFTs and give a more customized experience.

 

👉 Streamlined NFT markets are more adaptable, accepting credit cards and cryptocurrency payments in Bitcoin, Ethereum, and other tokens. As a result, they often provide few extra services and have a large user base.

 

👉 Meanwhile, augmented markets provide more sophisticated services, such as minting, marketing, curation, price suggestions, and portfolio trackers. Unfortunately, this results in increased transaction fees and setup charges. Some popular NFT Marketplace categories include:

➡️ Art

➡️ Music

➡️ ASMR

➡️ Tweets

➡️ Game Assets

➡️ Sports, and more.

 

Consider the Security of the Marketplace

👉 Choose an NFT marketplace with sufficient security measures to protect yourself from fraudulent actions.

 

👉 Two-factor authentication (2FA) and sophisticated encryption must be implemented. In addition, a marketplace should require you to create a secure password, ideally saved in a physical form, and use a hardware wallet.

 

Examine the Digital Wallet Compatibility

👉 Ensure that the marketplace you choose allows numerous crypto wallets and payment methods so that participating in transactions is quick and convenient.

 

Consider the Navigation

👉 An NFT marketplace best serves its users when it provides intuitive navigation for vendors and buyers among its collections and subcategories. Nigerians must ensure that they can see the list of available NFTs along with the following information:

➡️ Price

➡️ Number of bids

➡️ Owner

➡️ Transaction history

 

View the Marketplace Ratings

👉 Before selecting an NFT marketplace, you should analyse user evaluations and platform statistics as valuable sources of information.

 

👉 The finest platforms will make all data accessible to the public. You can easily get this information on sites like DappRadar and Statista, as well as on the markets’ own websites.

 

Evaluate the Gas Fees

👉 A market should strive to reduce the annoyance of gas fees by decreasing the price, allowing lazy minting, or eliminating gas fees overall, for example.

The Best Crypto CFD Brokers in Nigeria

👉 In this article, we have listed the best brokers that offer trading solutions and opportunities to traders in Nigeria. We have further identified the brokers that offer additional services and solutions to Nigerian traders.

 

Best MetaTrader 4 / MT4 Broker in Nigeria

Overall Rating

Min Deposit

USD 0 / 0 NGN

Regulators

FSA, FCA, ASIC, DFSA

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

66

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Axi is the best MT4 Broker in Nigeria. More than 130 different items from Axi are available for trading on MetaTrader 4. Axi offers some of the greatest trading conditions to Nigerian traders, including minimal opening spreads on all account types.

 

Best MetaTrader 5 / MT5 Broker in Nigeria

Overall Rating

Min Deposit

USD 10

Regulators

IFSC

Trading Desk

Meta Trader 4

Crypto

Yes

Total Pairs

32

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

on RoboForex’s website

👉 Overall, RoboForex is the best MetaTrader 5 broker in Nigeria. RoboForex provides traders with a selection of 12,000 tradable instruments that may be traded on MetaTrader 5 in addition to a few more potent trading platforms.

 

Best Broker for beginners in Nigeria

Overall Rating

Min Deposit

USD 100 / 41450 NGN

Regulators

ASIC, FSA

Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, AvaTrade is the best Broker for beginners in Nigeria. For new traders in Nigeria, AvaTrade provides some of the greatest teaching resources. Along with webinars, seminars, and other events, there are several manuals and videos.

 

Best Low Minimum Deposit Broker in Nigeria

Overall Rating

Min Deposit

USD 5 / 2073 NGN

Regulators

CySEC, FSC, FSCA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

No

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, HF Markets is the best Low Minimum Deposit Broker in Nigeria. With a minimum investment of 2,000 Naira, HF Markets provides live trading accounts to Nigerian traders.

 

👉 Popular MetaTrader cryptocurrency broker HF Markets also has an in-house trading app for iOS and Android users.

 

Best ECN Broker in Nigeria

Pepperstone-Logo-Tagline-RGB-BlackBlue

Overall Rating

Min Deposit

USD 10 / 4145 NGN

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradingView

Crypto

No

Total Pairs

60+

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128

👉 Overall, Pepperstone is the best ECN Broker in Nigeria. One of the biggest forex and CFD brokers in the world, Pepperstone provides services in more than 170 nations.

 

👉 Nigerian traders should anticipate among of the quickest transaction execution times with little to no slippage and no requotes.

 

Best Islamic / Swap-Free Broker in Nigeria

Overall Rating

Min Deposit

USD 0 / 0 NGN

Regulators

ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA

Trading Desk

Metatrader 4 and Metatrader 5

Crypto

Yes

Total Pairs

45

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

on Oanda’s website

👉 Overall, OANDA is the best Islamic / Swap-Free Broker in Nigeria. Three different retail accounts are available from OANDA. This includes a specific Islamic account that is provided to Muslim traders in Nigeria who adhere to Sharia law.

 

Best Trading App in Nigeria

Overall Rating

Min Deposit

USD 1 (415 NGN)

Regulators

IFSC, FSCA (south africa), ASIC, CySEC

Trading Desk

MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading pltform, CopyTrade

Crypto

Yes

Total Pairs

250

Islamic Account

Yes

Trading Fees

Low

Welcome Bonus

$140 (58 116 NGNFind out More)

Account Activation Time

Instant

👉 Overall, FBS is the best trading app in Nigeria. FBS provides its cryptocurrency account through the FBS Trader. Many features and some of the greatest market analyses are available to Nigerians.

 

Best Nigerian Naira Trading Account Broker in Nigeria

Overall Rating

Min Deposit

USD 10 / 4145 NGN

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA

Trading Desk

MT4, MT5, MT4 WebTerminal, mobile (iOS & Android, Exness Trader)

Crypto

Yes

Total Pairs

97

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Exness is the best Nigerian Naira trading account Broker in Nigeria. One of the top multi-currency brokers that provide accounts in NGN is Exness. Exness is a broker that only works with MetaTrader and has a limited selection of trading options.

 

Best Lowest Spread Broker in Nigeria

Overall Rating

Min Deposit

USD 200 / 82900 NGN

Regulators

ASIC 

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

65

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, IC Markets is the best lowest spread Broker in Nigeria. IC Markets provides some of the narrowest spreads in the market because of its pure ECN execution mechanism.

 

👉 Nigerian traders can choose from a variety of crypto CFDs at IC Markets, which offers services to traders all over the world.

 

Best NDD Broker in Nigeria

Xm.com Logo 1 1024x514 1

Overall Rating

Min Deposit

USD 5 / 2 075 NGN

Regulators

IFSC, CySec, ASIC

Trading Desk

Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform

Crypto

No

Total Pairs

57

Islamic Account

Yes

Trading Fees

No (Just spread) 

Account Activation Time

24 Hours

👉 Overall, XM is the best NDD Broker in Nigeria. XM is a well-known No-Dealing Desk broker that offers services to over 2.5 million traders worldwide. A portion of XM’s broad selection of more than 1,000 financial products includes cryptocurrency CFDs.

 

Best STP Broker in Nigeria

Overall Rating

Min Deposit

USD 100 / 41450 NGN

Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

Trading Desk

Meta Trader 4

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Tickmill is the best STP Broker in Nigeria. One of the finest brokers for new traders in Nigeria is Tickmill, which provides outstanding STP and ECN execution along with clear trading costs.

 

Best Sign-up Bonus Broker in Nigeria

Overall Rating

Min Deposit

USD 1 / 415 NGN 

Regulators

IFSC

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

300

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

on SuperForex’s website

👉 Overall, SuperForex is the best sign-up bonus Broker in Nigeria. One of the brokers with the broadest selection of promos and incentives is SuperForex, which provides customers with a choice of 11 trading accounts.

Conclusion

👉 An NFT marketplace is a digital marketplace for the purchase and sale of NFTs. These services enable users to keep and show their NFTs and sell them for cryptocurrency or fiat cash. However, Nigerians must remember that not all marketplaces are the same.

 

👉 Therefore, Nigerians must decide the type of NFTs they want to buy. Next, they must evaluate different marketplaces, their fees, categories they offer, security, and other components, to determine whether a platform will suit their unique needs.

FAQ

How can I trade NFTs in Nigeria?

Nigerians must choose an ERC-20 compatible digital wallet to start trading NFTs. Next, Nigerians can select a marketplace where their preferred category of NFTs is listed (games, art, videos, etc.) and purchase or sell NFTs.

 

Where can I sell NFTs in Nigeria?

You can sell your NFTs on platforms such as Crypto.com, NFT Launchpad, Binance NFT, OpenSea, and other platforms that welcome creators.

 

Which app is the best for NFTs in Nigeria?

OpenSea is one of the best NFT Apps that lists over 80 million Art and Music NFTs. In addition, NFT Launchpad has over 10,000 Art, Music, Sport, Photography, and other NFTs.

 

Can I make money through NFTs in Nigeria?

Yes, you can create and list your NFTs on marketplaces that welcome creators. Once your NFT has been listed, you must pay the gas fees, and you can make money from your NFT.

 

How can I sell NFT art in Nigeria?

Once you have minted your NFT, you can choose a marketplace where it will be listed and ensure that you have a compatible crypto wallet. Then, you can upload your artwork in PNG, GIF, WEBP, MP4, or MP3 on most marketplaces.

Next, depending on the marketplace, you can sell your NFT at a fixed price and hold an Unlimited Auction or a Timed Auction. In addition, you will be subject to a listing fee and a commission fee when your NFT is purchased, depending on the marketplace where you sell your NFT art.

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