Best Four (4) Prop Firms in Nigeria

19.8. 20241742x

Here are the best four prop firms in Nigeria (in terms of programs, features & services):

Comparison of the best prop firms in Nigeria

(Scroll/swipe the table to your left ← or right → to view all providers)

Features	RebelsFunding	FTMO	the5ers	FundingPips
Price range	$25 – $890 (Affordable)	€155 – €1,080	$39 – $850	$32 – $399
Can I pay with Naira?	Yes	No	No	No
Payment options (for account purchase)	Instant bank transfer/Naira card payment, Crypto, Wise, etc.	Skrill, Crypto, etc.	Wise, Crypto, Bank	Crypto & Rise
Withdrawal methods	Rise, Crypto, Nigerian Banks	Skrill, Crypto, Bank	Wise, Crypto, Bank	Rise & Bank
Profit split	80% – 90%	80% – 90%	50% – 100%	80% – 90%
Refund (after a successful completion of an evaluation process)	Yes, up to 200% refund of your account’s purchase fee	Yes	No	Yes
Free trial	Yes	Yes	No	No
No time limit	Yes	Yes	No and Yes (it depends on the program)	Yes
Trading platform	RF-Trader (in-house trading platform)	MetaTrader 4, MetaTrader 5, DXtrade and cTrader (third party platforms)	MetaTrader 5	Match-Trader, cTrader, TradeLocker
Instruments	Forex, Metals, Energies, Crypto, Indices & Equities	Indices, Commodities, Stocks, Crypto, Forex	Indices, Securities, Forex, Metals	Energies, Metals, Forex, Crypto, Indices
News trading	Allowed	Allowed	Allowed	Allowed
Weekend holding	Allowed	Allowed	Allowed	Allowed
Overnight holding	Allowed	Allowed	Allowed	Allowed
EAs	Not allowed	Allowed	Allowed	Allowed
Customer service	Responsive (24/7)	Responsive	Responsive	Responsive
Rating (Trustpilot)	4.4/5.0	4.8/5.0	4.8/5.0	4.4/5.0

Amongst all, RebelsFunding seems to stand out on the table.

Its starter program is the most affordable; you can instantly purchase a trading program with a (Nigerian) bank transfer or your card, and trade on an advanced trading platform.

What criteria should I consider when choosing the best prop firm in Nigeria?

1. Reputation & sustainability: What is the reputation of the prop firm, and does it have the potential to stand the test of time?

This is the first and most important question to ask when choosing a prop firm.

You want to choose a firm that has a good reputation (on Trustpilot review), is reliable (and would not cease operations overnight because of a new regulatory policy from a third party platform they utilise).

Lately, we’ve seen several firms go down because they could not meet the new requirement of their third party trading software, MetaTrader.

This tragedy would not have been possible if it was an in-house trading platform.

2. Fee & profit sharing structure: What is their fee and profit sharing structure?

Affordability and profit is also essential to most of us.

In a recession or difficult economic situation, you want a place where you can get funded with a small budget and gradually grow financially (or scale up).

3. Trading support tools: What tool(s) does the firm offer to traders to help/enhance trading experience and performance? Is their trading platform reliable, user-friendly & feature-rich?

Choose a firm with a helpful/friendly customer support & community, a firm that provides educational resources to help you become a better trader.

Also, you want to consider the trading platform. You want a modern and user-friendly trading platform with features that can help you succeed.

One of such platforms is the RF-Trader. It is integrated with TradingView chart, it has a risk management calculator, you can view the ask and bid charts (spread history) and make informed speculations.

4. Trading style and goal(s): Does the firm match my trading style? This is another useful question. Yes, you also need a firm where you can function well.

Most of the firms on the table match all trading styles and goals (with a no time limit offer that gives you the freedom to make sound decisions).

They offer a variety of training programs that cater to different levels of experience.