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Fake Forex Brokers List in Nigeria 2023

It is well known that the forex market is highly volatile, and because of that, scammers are always active in forex to scam investors. And African countries such as Nigeria are known for their scamming activities and scam brokers in Nigeria are growing. Nevertheless, people are aware of this situation, but forex scams in Nigeria are always innovative when it comes to scamming. That is why sometimes traders find it difficult to know if a broker is legit or a scam. And during that time, knowing about the fake forex brokers list in Nigeria will be helpful. Nevertheless, knowing the list of scammers will help the traders to avoid forex trading scams in Nigeria. That’s why we have made a comprehensive list of forex scams in Nigeria, which will help investors stay away from those brokers. Read on to know the fake forex brokers list in Nigeria.

Is Forex Trading Legal in Nigeria?

Trading forex is legal in Nigeria, and brokers operating in Nigeria are required to follow the regulations and guidelines imposed by the government. However, unlike other countries in the world, such as the UK or the USA, forex in Nigeria is not highly regulated. But the fact is that forex is getting popular amongst the citizens of Nigeria.

The Central Bank of Nigeria usually regulates the forex in Nigeria, and forex brokers need to maintain some specific criteria to operate there. However, scam brokers in Nigeria don’t follow any regulatory rules. So, if you know about such forex scams in Nigeria, which are provided on this page, you can easily save yourself from scammers.

How to Identify the Forex Trading Scams in Nigeria?

fake forex brokers list in nigeriaTo identify the scammers in Nigeria, you may need to go through a lot of validation processes via list of forex scams in Nigeria which is eventually time-consuming. But there is a good and easy way to get to know the Nigerian forex scammers, and it is looking at the fake forex brokers list in Nigeria, which we have enlisted here in this article. Nonetheless, scammers follow a pattern through which you can recognize a scam broker.

Forex Scam in Nigeria Provide a Guarantee to Success

Scam brokers across the world tend to offer unrealistic success, perhaps high returns. Logically, providing a guarantee of earning from forex is impossible as the forex industry is volatile, and price can move in every second. Hence, providing a guarantee to success should not be possible. So, any Nigerian broker offering such a guarantee should be counted as a scam even if they are regulated.

Don’t have Any History

Normally a legit best forex broker has credible background info, which can impress any investors. On the other hand, the scam brokers in Nigeria cannot provide any background data of the company as they don’t have any. When it comes to proving their claims, they tend to provide fake statements or screenshots of their earning. So, when you ask them to provide any live trading info with a huge return, they might not be able to show any. Therefore, if you come across any broker with no background info, you may consider that as a scam broker.

Fake Forex Brokers List in Nigeria: Unwanted Marketing

If any forex broker does any sort of aggressive marketing, there is a huge possibility that the broker is a scam. The scammers often tend to push the traders to take their offer. Sometimes they remain in a hurry and don’t provide any time to think about the offer, which represents a sign of a scammer. So, any such urgency should be avoided.

 

Scam Brokers List

BrokerWebsiteReason
FX NextGenwww.fxnextgen.comOffshore license
Caliburwww.caliburcapital.netNo license
Titan FXwww.titanfx.comOffshore License
FTE FXwww.ftefxpro.comOffshore License
Prime XBTwww.primexbt.comOffshore License
Traderswaywww.tradersway.comOffshore License
MidasGlobewww.midasglobe.comNo License
Kronosinvestwww.kronosinvest.comNo license
Binomowww.binomo.comOffshore license
Circleforexwww.circleforex.comNo license
First BTC FXwww.firstbtcfx.comNo license
EssenceFXwww.essencefx.comOffshore license
EvisionFXwww.evisionfx.comNo license
RickGlobalwww.rickglobal.comOffshore license
RCM FXwww.rcmfx.comOffshore license
247SmartFxwww.247smartfx.comNo license
Traderiawww.traderia.comOffshore license
FX Options24www.fx-options24.comNo license
JustForexwww.justforex.comOffshore license
TBFXwww.tbfxtrades.comNo license
MGM Marketswww.mgm-markets.comNo license
OlympusMarketswww.olympusmarkets.comOffshore license
Sure Forex Tradewww.sureforextrade.comNo license
CFreservewww.cfreserve.comNo license
Fernwww.fuerfx.comNo license
Capital TradeFXwww.capitaltradefx.comOffshore license
FX PREMIUMwww.fx-premium.comOffshore license
Pari Fx Tradewww.parifxtrade.comOffshore license
InvestTeckwww.investteck.comNo license
Aduno Capitalwww.adunocapital.comNo license
S&P Brokerwww.snpbroker.ioNo license
Capital88www.capital88.comOffshore license
4xincomewww.4xincome.comOffshore license
TopTradeProwww.toptradepro.comOffshore license
Go Capital FXwww.gocapitalfx.comOffshore license
Swiss Investment Fxwww.swissinvestmentfx.comOffshore license
Smartoptionfxwww.smartoptionfx.comNo license
Globalixwww.globalix.comOffshore license
Libra Marketswww.libramarkets.comNo license
Monfexwww.monfex.comOffshore license
iFXOPTIONwww.ifxoption.comNo license
GoldFxTradingwww.web.goldfxtrading.comOffshore license
GoTechFxwww.gotechfx.comOffshore license
Ultrontradefxultrontradefx.comNo license
FXIG Tradeswww.fxigtrades.comNo license
4xpremiumwww.4xpremium.comNo license
TurboForexwww.turboforex.comOffshore license
Swissinv24www.swissinv24.comOffshore license
Golden Key Prowww.goldenkeypro.comOffshore license
UproFxwww.uprofx.comNo license
GoldmanCFDwww.goldmancfd.comOffshore license
GCG Asiawww.guardiancapitalag.asiaNo license
Trade Global Marketwww.tradeglobalmarket.comNo license
AZ Tradeswww.aztrades.comOffshore license
IC Financewww.ic-finance.netOffshore license
69Brokerswww.69brokers.comNo license
TraderURwww.traderur.comOffshore license
WandaFxwww.wandafx.comNo license
SeRex Investmentswww.serexinvestments.comNo license
Tradepro Capitalswww.tradeprocapitals.comOffshore license
KayaFXwww.kayafx.comNo license
PTBancwww.ptbanc.comOffshore license
Millennium FXwww.mnmfx.comOffshore license
Kapitalfxwww.kapitalfx.deNo license
PRIMEXQwww.primexq.comNo license
Obsbitwww.obsbit.comOffshore license
SwiftCFDwww.swiftcfd.comOffshore license
BlueMax Capitalwww.bluemaxcapital.comOffshore license
ItradeFXoptionwww.itradefxoption.comNo license
70Tradeswww.70trades.comOffshore license
Capital Hallwww.capitalhall.comOffshore license
K2 Wall Streetwww.k2wallstreet.comNo license
CapitalFXclubwww.capitalfxclub.comNo license
Worldwide CapitalFXwww.worldwidecapitalfx.comOffshore license
TradeInvest90www.tradeinvest90.comOffshore license
ADN Marketswww.adnmarkets.comOffshore license
Hugoswaywww.hugosway.comOffshore license
Brokerzwww.brokerz.comOffshore license
Trading Epicwww.tradingepic.comNo license
FXNobelswww.fxnobels.ioNo license
Swiss Capital Investwww.swisscapitalinvest.co.ukNo license
Lockwood Investmentswww.lockwoodinv.comOffshore license
CFDpremiumwww.cfdpremium.comOffshore license
MegaTradeFXwww.megatradefx.comOffshore license
ProFxPremiumwww.profxpremium.comOffshore license
Dax300www.dax300.comOffshore license
FXLeaderwww.fxleader.comOffshore license
Blue Tradingwww.bluetrading.comNo License
Trader.Onlinewww.trader.onlineOffshore license
Ace Forexwww.acefx24.comOffshore license
GxFXhttps://gxfx.comNo License
Forex Grandhttps://forexgrand.comOffshore License
BTCHOMEwww.btchomemining.comOffshore License
FXtrade777www.fxtrade777.comOffshore license
AitsFXwww.aitsfx.comOffshore license
ZeegosFXwww.web.zeegos.onlineOffshore license
Citifxmarketswww.citifxmarkets.comNo license
Finbitexwww.finbitex.comOffshore license
Golden Financialwww.gdfxuk.comNo license
MaxiTradewww.maxitrade.comOffshore license
FXLinkedwww.fxlinked.comOffshore license
Ideal Global Tradingwww.fxideal.comNo license
VolumeFXwww.volumefx.comOffshore license
The55thFxwww.the55thfx.comNo license
KapitalSwisswww.kapitalswiss.comNo license
ZonggangCaifuwww.zgangfx.comNo license
Phy Capital Investments Limitedwww.phyfx.comNo license
eMarketsTradewww.emarketstrade.comNo license
Esplanadehttps://esplanade-ms.comOffshore License
Admiral-Markets.comhttps://www.admiral-markets.comNo License. Clone Firm.
Bex Optionswww.bexoptions.comNo license
Affliated Trade Groupwww.affiliatedtradegroup.comNo license
Kingston Tradinghttps://kingstontrading.comNo License
Wigmarketswww.wigmarkets.comOffshore license
City Global Tradinghttp://www.cityglobaltrading.comNo License
Option94www.option94.comNo License
TheCryptoLimitedhttps://www.thecryptolimited.comNo License
Pro X Financewww.proxfinance.comOffshore license
Circle Marketshttps://circlemarkets.comOffshore license
Pinprotradewww.pinprotrade.comOffshore license
NewSolidwww.newsolid.comNo license
Cointeckwww.cointeck.ioNo license
OneLifewww.onelife.comOffshore license
UKFinvesthttps://www.ukfinvest.comOffshore License
Emporio Tradinghttps://emporiotrading.comOffshore License
EasyTradehttps://www.easytrade.bizNo License
Chrono FMhttps://www.chronofm.comNo License
OMC Marketswww.omcmarkets.comNo License
CFD Trendwww.cfdtrend.comOffshore License
Easy FX Tradewww.easyfxtrade.comNo license
United FCGwww.unitedfcg.comNo license
Financial.orghttps://financial.orgNo License. Negative Reputation.
CCM Clearinghttp://ccmclearing.comNo License
OriginalCryptohttp://www.originalcrypto.comNo License
4xCube4xcube.comOffshore License
Bitalonghttps://www.bitalong.comNo License
Your Trade Choicewww.yourtradechoice.comOffshore license
FinmarkFXwww.finmarkfx.comOffshore license
LiteFinTechwww.litefintech.ioOffshore license
TradeLTDwww.tradeltd.comNo license
ForexChiefhttps://www.forexchief.comOffshore License
KryptoWizehttps://www.kryptowize.comNo License
BigOptionhttps://www.bigoption.comOffshore License
Golden FXwww.golden-fx.comOffshore license
Solidary Markets FXwww.solidarymarkets.comNo license
DCA-Financehttps://dca-finance.comNo License
CryptoNettohttps://cryptonetto.comNo License
Daiju Commodity Marketshttps://www.daiju-cm.comNo License
GWITwww.gwitmarkets.comNo license
Europe Forex Investwww.eufxinvest.comOffshore License
Forex Birdswww.forexbirds.comOffshore License.
Blackstone500www.blackstone500.comNo License
Capoinvestwww.capoinvestgroup.co.ukNo License
Royal GTXwww.royalgtx.comNo License
Premium Brokerswww.the-premium-brokers.netOffshore License
Uptoswww.uptos.netOffshore License
StarkMarketswww.starkmarkets.comNo License. Negative Reputation
Fx Option Trade247www.fxoptiontrade247.comNo License. Clone Firm.
TraderKingwww.traderking.ioOffshore License
AMarketswww.amarkets.comOffshore License
LionsFMwww.lionsfm.comOffshore License
WDC Marketswww.wdcmarkets.comNo License
Royaltd24www.royaltd24.netOffshore License
RoyalsFXwww.royalsfx.coNo License
Spectrewww.spectre.aiOffshore License
Concept4Xwww.concept4x.comOffshore License
FxFixedwww.fxfixed.comNo License
FINMAXwww.finmaxbo.comNo License
Videforexwww.videforex.comOffshore License
MetaFinanceTradewww.metafinancetrade.comNo License
Capital GMAwww.capitalgmafx.comNo License
Finqwww.finq.comOffshore License
SmartFXwww.smartfx.comOffshore License
AAG Marketswww.aagmarkets.comOffshore License
CVC Marketswww.cvcmarkets.comOffshore License
JustProForexwww.justproforex.comOffshore License
GoldenSkyCapitalwww.goldenskycapital.comOffshore License
Swissquoteswww.swissquotes.deNo License
Uniglobe Marketswww.uniglobemarkets.comOffshore License
CobraCFDwww.cobracfd.bizOffshore license
Elite Tradingwww.elitetrading.coNo License
Arum Tradewww.arumtrade.comOffshore License
FXprimewww.fxprime.ioOffshore License
AnyTradeswww.anytrades.comOffshore License
BrighterTradewww.brightertrade.comOffshore license
BK-Coinhttps://bk-coin.com/No license
Capital Tradershttps://www.capital-traders.com/No license
CryptoAllDayhttps://cryptoallday.com/No license
SpearTraderwww.speartrader.comNo license
TegasFXwww.tegaxfx.comOffshore License
Cryptonix Teamhttps://thecryptonixteam.com/No License
Cyber FXhttps://www.cyber-fx.com/No License
MCH Investment Strategieswww.mchinvestment.comNo License
CF Merchantswww.cfmerchants.comOffshore license
OneTradexwww.onetradex.comOffshore license
Evolution Brokerswww.evolutionbrokers.comOffshore license
4xFXwww.4xfx.comNo License
YFX Capitalwww.yfxcapital.comOffshore license
PrimeFXwww.pfx-bank.comNo license
AG Capitalswww.agcapitals.comOffshore license
Aleforexwww.aleforex.comNo license
CarterFSwww.carterfs.comNo license
Option888www.option888.comNo license
Parnassus Groupwww.parnassusgroupllc.comOffshore License
Primewww.hbblmw.comNo license
UBCFXwww.ubcfx.comOffshore License
Zuercher Capitalwww.zuerchercapital.comNo License
CFDStockshttps://www.cfdstocks.com/No License
Aisawww.aisafx.comOffshore license
St Clair Capital Grouphttp://stclaircapitalgroup.com/No License
PBN Tradehttps://pbntrade.com/No License
Morgan Newfieldhttp://www.morgannewfield.com/No License
By Tradinghttp://by-trading.comNo License
GSI Marketswww.gsimarkets.comOffshore license
RichmondFGwww.richmondfg.comNo License
FXmarket247https://fxmarket247.comNo License
Binary Unohttps://www.binaryuno.com/No License
OptionStars Globalhttps://www.optionstarsglobal.com/No License
Goptionshttp://www.goptions.com/No License
Welkronwww.welkron.comOffshore license
XtradeFXhttp://xtradefx.com/No License
Jones Mutualwww.jonesmutual.comNo License
Swift Bit Optionswww.swiftbitoptions.comOffshore license
Rocket Consultant Groupwww.rocketconsultantgroup.comNo license
RCProwww.rcpro.comNo license
Extickwww.extick.comNo license
2dotswww.2dots.comNo license
GSFXhttp://www.gsfx.comNo license
10Brokerswww.10brokers.comNo license
Platinums Tradewww.platinumstrade.comOffshore license
Broker Yardhttp://www.brokeryard.comOffshore license
Shinsei Corporate Managementhttps://www.shinseisecurities.comNo License
Binatexhttps://binatex.com/No License
LottMarkethttps://lottmarket.com/No License
Finparihttp://www.finpari.com/Offshore License
Empire Optionhttps://www.empireoption.com/Offshore License
BeAlgowww.bealgo.comNo license
Noble Capital Househttps://www.noblecapitalhouse.com/No license
SoarFXhttps://www.soarfx.comNo license
OPCompanywww.opcompany.netNo license
Dax-300www.dax-300.comOffshore license
XEcrypto Bankxecryptobank.comNo License
Pearson Investmentshttps://www.pearson-investments.com/No License
Dubai FXMwww.dubaifxm.comOffshore license
Asic Traderwww.asictrader.comNo license
TouchTradeswww.touchtrades.comNo license
CF Groupwww.forexcf.comNo license
Markets Xchangewww.marketsxchange.comOffshore license
NBR Tradinghttps://www.nbrtrading.com/No License
RoyalCriptohttp://royalcripto.com/No License. Negative Reputation
CK Marketsckmarkets.comNo License
TopstepFXwww.topstepfx.comNo License
PlusOptionhttps://www.plusoption.com/No License
Financikawww.financikatrade.comOffshore license
PWRTradewww.pwrtrade.coOffshore license
CriptoRobotcriptorobot.comNo License
Point Investment Grouphttp://www.pointinvestmentgroup.com/No License. Negative Reputation
Ayrexhttps://www.ayrex.comNo License
Fin-Tech Primewww.fin-techprime.comOffshore license
Trade Fintechhttps://tradefintech.com/Offshore License
iMarketsLivehttps://imarketslive.com/No License
Nagaharu Globalhttp://www.nagaharu-global.com/No License
FxtPremiumwww.fxtpremium.comOffshore license
LatAmhttps://www.latam-fx.com/No License
VTGFXwww.vtgfx.comOffshore License
VNC Brokerswww.vncbrokers.comOffshore License
Zend Tradewww.zendtrade.comNo license
OndaMarketswww.ondamarkets.comOffshore license
Inmarket FXwww.inmarketfx.comOffshore license
EyeLinewww.eyelinetrading.comNo License
Shtern Grouphttps://www.shterngroup.com/No License
TIXfxhttp://www.tixfx.com/No License
Invest Traderhttps://investrader.net/No License
Option Experthttps://optionexpert.net/No License
24TradeRushhttp://24traderush.com/Suspended License.
FXBTGwww.fxbtg.co.nzNo license
Easy Line Prowww.easylinepro.comNo license
FX Merchantswww.fxmerchants.comNo license
Trades.comwww.trades.comNo license
TopTradehttps://www.toptrade.fm/No License
TeamFXhttps://www.teamfxtrading.co.uk/No License
HybridReservewww.hybridreserve.comOffshore license
Templer FXwww.templerfx.comOffshore license
Britonpricewww.britonprice.comNo license
WT Capitalwww.wt-capital.comOffshore license
Eminagewww.eminage.comNo License
ECMwww.ecmtrader.comNo License
Tallinexwww.tallinex.comNo License. Negative Reputation
UB4Tradewww.ub4trade.comNo license
Finodaxwww.finodax.comNo license
TradeTorowww.tradetoro.comOffshore license
GMFX24www.gmfx24.comOffshore license
Boom Xchangewww.boomxchange.comNo license
CapitalXPwww.capitalxp.comOffshore license
Roitekshttps://roiteks.com/No License
365 FXwww.365-fx.comOffshore license
LVMexchangewww.lvmexchange.comOffshore license
4xbrandswww.4xbrands.comOffshore license
Big Bosshttps://www.bigboss-financial.com/Offshore license
PrimeCryptohttps://primecrypto.io/No License
Capital Swiss FXwww.capitalswissfx.comOffshore license
CFDs100www.cfds100.comNo license
Marketsplushttps://marketsplus.com/No license
Novatradeshttps://www.novatrades.com/No license
AMP Tradinghttps://www.novatrades.com/No license
GFCInvestmentwww.amptradinggroup.comOffshore license
FXBreezewww.gfcinvestment.comNo License
CoinbrokerZwww.coinbrokerz.comNo License
Crypto Options Traderwww.crypto-optionstrader.com/No License
TradesFXwww.tradesfx.comOffshore license
Cac400www.cac400.com/No License. Negative Reputation
MT4Investwww.mt4invest.com/No License
UFXwww.ufx.comOffshore License
MPlus Socialwww.mplussocial.comOffshore license
XtraderFXwww.xtraderfx.comNo license
IGOFXwww.igofx.comOffshore license
Vix500https://vix500.com/No License. Negative Reputation
DracoFXwww.dracofx.comNo License
Efexa1000www.efexa1000.comOffshore license
AlphaCapitalwww.alphacapital.capitalNo License
Mib700www.mib700.net/No License. Negative Reputation
Bormancorpwww.bormancorp.comOffshore license
HispaMarketswww.hispamarkets.comOffshore license
RC Global Financialwww.rcglobalfinancial.comOffshore license
Trade111www.trade111.com/No License. Negative Reputation of the Group.
4xpointwww.4xpoint.com/No License.
LittInvestwww.littinvest.comNo License.
XtreamForexwww.xtreamforex.com/No License.
SigmaCFDwww.sigmacfd.comOffshore license
Markets Cubewww.marketscube.comOffshore license
Markets.Onlinewww.markets.onlineNo License
Prestige.FMwww.prestige.fmNo License
FXGIMwww.fxgim.comOffshore license
EuroPrimehttps://www.europrime.com/No License.
AroTradewww.arotrade.comOffshore License
FXPrimeswww.fx-primes.comNo License.
XMarketswww.xmarkets.comNo License.
FXG Investwww.fxginvest.comOffshore license
InvestCitywww.investcity.comNegative Reputation.
Profit Tradewww.profit-trade.comOffshore license
Escuela Tradeswww.escuelatrades.comNo License
Primus Tradeswww.primustrades.comNo license
RaxoFXwww.raxofx.comOffshore license
EFXGlobalwww.efxglobal.comOffshore license
True4Xwww.true4x.comOffshore License.
GDM FXwww.gdmfx.comNo License. Negative Reputation.
Market Investmentwww.marketinvestment.com/Offshore License.
Up4xwww.up4x.comOffshore license
Master4xwww.master4x.comNo license
ECN Capitalwww.ecncapital.comOperates with No License. Negative Reputation.
Caesar Tradehttp://caesar-trade.com/Operates with No License. Negative Reputation.
TradeX1https://tradex1.comOperates with No License
HBC Brokerwww.hbcbroker.comOffshore license
PBN Capitalwww.pbncapital.comNo license
TorOptionwww.toroption.comOperates with No License
CFXPointwww.cfxpoint.com/Operates with No License
InvestingPROwww.investingpro.comOffshore license
RoyalCFDswww.royalcfds.comOffshore license
XLR Tradewww.xlrtrade.comNon Licensed Operation.
ManagedForexHubhttp://managedforexhub.com/Non Licensed Operation.
24StarTradewww.24startrade.comNon Regulated Broker.
31FXwww.31-fx.comOffshore license
365Marketswww.premium.365markets.comNo license
AGAMhttps://atlanticgam.online/No License. Numerous warnings.
Five Windshttps://fivewindsam.com/No License. Numerous warnings.
TitanTradewww.titantrade.comOffshore license
AFX Markets Onlinewww.afxmarketsonline.comOffshore license
Getco Prowww.forex.getcopro.comNo license
BForexwww.bforex.comNo license
MyFintecwww.myfintec.comOffshore license
AlfaTradehttp://alfatrade.com/Offshore License. Negative Reputation.
AAFX Tradingwww.aafxtrading.comOffshore company. Negative Reputation.
CloseOptionwww.closeoption.comLack of Regulation
Capitals Bankswww.capitalsbanks.comNo license
Wise Bancwww.wisebanc.comNo license
HiWayFXhttps://hiwayfx.comSuspended License. Suspicious Operations.
S2Tradewww.s2trade.comOperates with No License
PBN Investwww.pbninvest.comOffshore license
Fxcentralhttp://www.fxcentral.netNo License. Negative Reputation.
Capprofxwww.capprofx.comOperates with No License
Forex Optimumhttps://forexoptimum.comOperates with No License
KontoFXwww.kontofx.comNo license
Forex Swiss FXCHhttp://forex-swiss.comOperates with No License.
ACFXhttp://atlaseforex.comSuspended License. Negative Reputation.
Global Clearing Grouphttp://2pipsforex.comOperates with No License
FinPro Tradinghttps://finprotrading.comOperates with No License
GAINSYwww.gainsy.comOperate without License.
NetoTradewww.netotrade.comOperation with no license. Negative Reputation.
Trade24www.trade-24.comOffshore license
Benchhill Partnerswww.benchhill.chNo license
Markets Brokerwww.marketsbroker.comNo License. Offshore Broker.
Yadixwww.yadix.comNegative Reputation
Trade Capitalwww.tradecapital.comNo license
AAAFxhttps://aaafx.comNumerous complaints.
iFOREXwww.iforex.comNon compliance
TradeDAXwww.tradedax.comOffshore license
GCI Financialwww.gcitrading.comNo License
Opportunity Tradewww.opportunity-trade.comNo License
TopicMarketswww.topicmarkets.comOffshore license
BrokerOfficialwww.brokerofficial.comNo license
Profiforexwww.profiforex.comNo License. Offshore Broker.
FxOnUshttps://fxonus.com/No License
SuperForexwww.superforex.comOffshore license
Bulls Capital Marketswww.bullscapitalmarkets.comNo License.
FreshForexhttps://freshforex.com/No License.
LQDFXwww.lqdfx.comOffshore license
Capital Currency Tradewww.capitalcurrencytrade.comOffshore license
PaxForexhttps://paxforex.comNo License
GFBrokerwww.gfbroker.comOffshore license
FxGlorywww.fxglory.comOffshore license
Trade12www.trade12.comNo License
Fort Financial Serviceswww.fortfs.comLack of Regulation.
Stock Trade Investwww.stocktradeinvest.comNo license
InvestMibwww.investmib.comOffshore license
FxUnitedhttp://fxunitedglobal.comNo License. Scam operations.
Grand Capitalwww.grandcapital.netOffshore license
Capital Markets Banc CMBhttps://capmbeu.comNo License
FXC Marketswww.fxcmarkets.comOffshore license
TGC FXwww.tgcgroupfx.comNo license
Turnkey Forexwww.turnkeyforex.comOffshore License
BECFDwww.becfd.comOffshore license
Swiss Marketswww.global.swissmarkets.comOffshore license
ExpertOptionwww.expertoption.comOffshore License
Royal Capital Prowww.royalcapitalpro.comNo License
CentroBancwww.centrobanc.comOffshore license
Richmond Investingwww.richmondinvesting.comOffshore license
FXGiantswww.fxgiants.comNon Compliance
IronFXwww.ironfx.comNon compliance
KB Capitalswww.kbcapitals.comNo license
Crown Financewww.crown-finance.comOffshore license
ForexMartwww.forexmart.comReputation
UniTraderwww.unitrader.comOffshore license
FGS Marketswww.fgsmarkets.comOffshore license
XForexwww.xforex.comOffshore License
72optionwww.72option.comNo license
Banc De Monarchwww.bancdm.ioOffshore license
SGT Marketswww.sgtmarkets.comOffshore license
8888Marketswww.8888markets.comNo license
HQBrokerwww.hqbroker.comOffshore license
FXT24www.fxt24.comNo license
TradesPrimewww.tradesprime.comOffshore license
VFX Capitalwww.vfxcapital.comOffshore license
iForex24www.iforex24.comOffshore license
StarfishFXwww.starfishfx.comNo license
Investexwww.investex.comOffshore license
WorldFXMwww.worldfxm.comOffshore license
GreenFields Capitalwww.greenfieldscapital.comNo license
SimpleFXwww.simplefx.comOffshore license
1000 Extrawww.1000extra.comOffshore license
NordFXwww.nordfx.comOffshore license
Ostrich Capitalwww.ostrichcapital.comNo license
CM Tradingwww.cmtrading.comOffshore license
LMFXwww.lmfx.comOffshore license
Tradeview Forexwww.tradeviewforex.comOffshore license
UMOFXNo license
Gallant Financewww.gallantfinance.comOffshore license
FXChoicewww.myfxchoice.comNo license
TradeFTMwww.tradeftm.comNo license
Stern Marketswww.sternmarkets.comOffshore license
OnlyTradeswww.onlytrades.comNo license
Xinghui InternationalNo license
AVA Investmentswww.ava.investmentsOffshore license
FxFWaywww.fxfway.comOffshore license
TradeBNPwww.tradebnp.comOffshore license
Baihua Globalwww.bfmfx.comNo license
YesTradingwww.yestrading.comOffshore license
FSMSmartwww.fsmsmart.comOffshore license
AccentForexwww.accentforex.comOffshore license
Suisse Trade Centerwww.stcforex.comOffshore license
CMSTraderwww.cmstrader.comOffshore license
FXPremaxwww.fxpremax.comNo license
SwissCCIwww.swisscci.comOffshore license
Axe Investwww.axeinvest.comOffshore license
Forex4Youwww.forex4you.comOffshore license
TradeTimewww.tradetime.comOffshore license
Universe Markets FXwww.universemarketsfx.comNo license
12Traderwww.12trader.comOffshore license
Umarketswww.umarkets.comOffshore license
Utradewww.utrade.onlineNo license
JAFXwww.jafx.comOffshore license
uTraderwww.utrader.comOffshore license
Al Tradewww.alforex.comNo license
10Marketswww.10markets.comOffshore license
Caxton Globalwww.caxtonglobal-fx.netNo license
InstaFX24www.instafx24.comOffshore license
8inFXwww.8infx.comOffshore license
StoxMarketwww.stoxmarket.comOffshore license
TDMarketswww.tdmarkets.comOffshore license
Trade WFXwww.tradewfx.comNo license
Tait Investment Groupwww.taitinvestmentgroup.comNo license
FXG Tradewww.fxgtrade.comOffshore license
SolidCFDwww.solid-cfd.comOffshore license
GCC Investingwww.gccinvesting.comNo license
MarketTMwww.markettm.comNo license
MaxCFDwww.maxcfd.comNo license
BRFX Tradewww.brfxtrade.comOffshore license
Tradovestwww.tradovest.comOffshore license
CFD Corporatewww.cfdcorporate.comNo license
Pro TradeFXwww.protradefx.comOffshore license
Gulf FXwww.gulffx.coNo license
Time4Xwww.time4x.coOffshore license
100XFXwww.100xfx.comOffshore license
CT-Tradewww.ct-trade.comNo license
Everest International Group Ltdwww.everestinter.comNo license
EU-Capitalwww.eu-capital.coOffshore license
Bristol Consulting FXwww.bristolconsultingfx.comNo license
MarketGBPwww.marketgbp.comOffshore license
Tradeu2www.tradeu2.comOffshore license
CFD Royalwww.cfdroyal.comNo license
Meta Investingwww.metainvesting.comOffshore license
Xiaohangjia BrokersOffshore license
ISGXchangeNo license
Get FinancialOffshore license
Broker XPwww.brokerxp.comOffshore license
Oracle-FXwww.tg.oracle-fx.comOffshore license
Primus Forex Financial Groupwww.primusasia.comNo license
Bitex360www.bitex360.comOffshore license
Swiss Assets FXwww.sfmsas.netNo license

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    How to Avoid Scam Brokers in Nigeria?

    Anyone who knows the forex trading scams in Nigeria, can avoid them without losing the investment. So, can first check the intended broker with the list of forex scams in Nigeria. We have listed all the fake brokers here on this page, so you should see if your selected broker is available in the list, and if it is listed, you should avoid that.

    Alternatively, as a prospective trader, you should also see if the broker offers a huge return, push you to register with them, and has no background data. Broker having all of these or at least one problem, you should avoid it.

    Final Words

    If you really want to stay away from the scam broker, you should check the fake forex brokers list in Nigeria before jumping into forex trading. On top of that, verifying the broker via the fake broker identifying method will be another great way to save yourself from forex trading scams in Nigeria. Additionally, you will also find reviews and discussions on the broker in our forex broker reviews section. Last but not the least, you should avoid any unknown or new brokers unless they are regulated and provide enough proof.

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