Success starts with the best trading. All these platforms are available for Nigerian account holders; therefore, they offer access to the markets in a remarkably similar way. So, let’s look into the best Forex trading platform in Nigeria.

1. MetaTrader 4
MT4 is the best Forex trading platform in Nigeria because it is considered the Forex trading industry standard due to its speed, customisability, broker adoption, and security. MT4 runs smoothly and performs trades speedily, even on slower internet connections. But it is most famous for its customization options.

2. MetaTrader 5
MetaTrader 5 has a more modern appearance and features than MT4. MT4 supports access to CFDs, like equities, stocks, and commodities markets, through modifications to the platform. This more comprehensive range of CFDs is suitable for brokers: it lets them give more products to traders in a single platform. These make MetaTrader 5 one of the best Forex trading platforms in Nigeria.

3. cTrader
cTrader is a multi-asset trading platform that allows users to trade Forex and other CFDs. cTrader offers high-speed performance with a clean user interface which is one of the reasons why it is one of the best Forex trading platforms. cTrader also enables automated trading with the built-in cTrader Automate.

Pros
There is no minimum deposit

The fees are low, and the withdrawals are primarily free

cTrader has a good customer service


Cons

There is no investor protection for clients outside the UK, EU, and EEA.

There is a withdrawal fee for clients outside the EU and Australia.

Continue: https://eodvn.com/best-forex-trading-platform-in-nigeria/

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You are right that investors have little to no protection in Nigeria. But I still do think they should be trading only with brokers regulated somewhere on the continent. In practice, that means by the FSCA in South Africa (because as you probably know, there is basically not any other country that actively regulates the forex space in Africa). If you are based directly in SA, you can try brokers that offer ZAR accounts as nearly all brokers that offer this account type have a good presence in SA and are often also highly regulated.