
Here are the best proprietary trading firms allowing traders from Nigeria (in terms of programs, features & services):
| Features |
|
|
|
|
|---|---|---|---|---|
| Price range | $20 – $890 | €155 – €1,080 | $39 – $850 | $36 – $499 |
| Max capital allocation | $640,000 | $400,000 | $4,000,000 | $600,000 |
| Payment/Withdrawal methods | Bank wire transfer, Credit/Debit card, Crypto, Wise, Rise | Skrill, Crypto, Card, BankWise, Card, Crypto, Bank | Wise, Card, Crypto, Bank | Credit/debit cards, RiseWorks, Crypto, Neteller, Skrill |
| Profit split | 80% – 90% | 80% – 90% | 50% – 100% | 80% – 90% |
| Refund | ✅ up to 200% refund of your account’s purchase fee | Yes ✅ | No ❌ | ✅ on your fourth withdrawal |
| Free trial | Yes ✅ | Yes ✅ | No ❌ | No ❌ |
| No time limit | Yes ✅ | Yes ✅ | Yes ✅ | No and Yes (it depends on the program) |
| Trading platform | RF-Trader (in-house trading platform) | MetaTrader 4, MetaTrader 5, DXtrade and cTrader (third party platforms) | MetaTrader 5 | Match-Trader, cTrader, DXtrade, TradeLocker |
| Instruments | Forex, Metals, Energies, Crypto, Indices & Equities | Indices, Commodities, Stocks, Crypto, Forex | Securities, Forex, Metals, Indices | Crypto, Forex,Indices, Metals & Energies |
| News trading | Yes ✅ | Yes ✅ | Yes ✅ | Yes ✅ |
| Weekend holding | Yes ✅ | Yes ✅ | Yes ✅ | Yes ✅ |
| Overnight holding | Yes ✅ | Yes ✅ | Yes ✅ | Yes ✅ |
| Instant funding | No ❌ | No ❌ | Yes ✅ | No ❌ |
| Expert Advisors | No ❌ | Yes ✅ | Yes ✅ | Yes ✅ |
| Customer service | Responsive 24/7 | Responsive | Responsive | Responsive |
| Rating |
4.5/5 |
5/5 |
5/5 |
4.5/5 |
At RebelsFunding, you can easily make naira deposits with your Nigeria bank card and buy a funded program.
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.
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).
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 an advanced 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.
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.
RebelsFunding is rated as one of the best proprietary companies in Nigeria — Best for Nigerians. It offers one of the most affordable trading programs in the industry, an impressive customer support, with a modern prop trading platform.
Prop trading in Nigeria is not regulated by the Securities and Exchange Commission nor the Central Bank. What you want to check is if your firm of interest is legally registered in its jurisdiction. And next, examine customer reviews and (if applicable) regulatory bodies in the country where their office is located.
