Exness Broker Nigeria 2025 – Review & How to Start Trading
Exness remains a popular forex broker among Nigerian traders for three simple reasons: a low ₦ 16,000 (\$10) entry cost, lightning-fast NGN withdrawals processed in under a minute, and strong global regulation by CySEC and the FCA. 2025 brings a tighter local rule-book—the new SEC Investments & Securities Act and CBN FX Code—but Exness’ track-record of transparent pricing and audited safeguards puts it in a good position to keep serving Nigeria’s 25- to 35-year-old, mobile-first trading crowd. Below you’ll find everything you need—fees, platforms, how-tos, and real user feedback—structured for speed and clarity.
Is Exness Broker Legit in Nigeria?
Global licences that protect your funds
- CySEC #178/12 and FCA #730729 oversight ensure segregated accounts and regular audits.
- Additional coverage from the Financial Sector Conduct Authority (FSCA) in South Africa and the FSA in Seychelles.
Local regulatory landscape in 2025
- Nigeria’s Investments & Securities Act 2025 now requires a SEC licence for any broker actively marketing to residents.
- The CBN FX Code (Jan 2025) sets ethics and disclosure rules for all wholesale FX participants.
See why millions trust Exness – Open My Exness Account.
Exness Minimum Deposit & Account Types
| Account | Min Deposit | Spread (from) | Commission | Best for |
|---|---|---|---|---|
| Standard | ₦ 16 000 ($10) | 0.2 pips | None | New traders |
| Pro | $200 ≈ ₦ 320 000 | 0.1 pips | None | Frequent traders |
| Raw Spread | $200 | 0.0 pips | from $3.50/lot | Scalpers |
| Zero | $200 | 0.0 pips 95 % of time | from $0.05/lot | High-volume strategies |
Choose your account – Start with ₦ 16 000.
How to Deposit & Withdraw Funds in NGN
Supported payment channels
- Bank transfer (GTBank, UBA, Zenith) – zero fees.
- E-wallets: PalmPay, OPay.
- Cards: Visa, Mastercard.
- Cryptocurrency for USD-based accounts.
Processing speed
- 98 % of withdrawals under one minute.
- Deposits usually land instantly; any fees are displayed before confirmation.
Fund wallet now and trade instantly.
Step-by-Step: Open Your Exness Account
1. Create your profile
Click “Open My Exness Account.” Use a valid email and set a strong password.
2. Verify identity (takes ≈ 2 minutes)
Upload a clear photo of your NIN slip or international passport.
3. Secure your account
Enable two-factor authentication via SMS or authenticator app.
4. Choose an account type
Pick Standard if you’re testing the waters; upgrade later without extra paperwork.
5. Make your first deposit
Select NGN bank transfer, enter ₦ 16 000 or more, and confirm. Funds show in your wallet almost instantly.
6. Start trading
Download MT4/MT5 or the Exness Trade app and log in with your new credentials.
Open my Exness account in 5 minutes.
Exness Trading Platforms (MT4, MT5 & Mobile App)
Desktop: MT4 & MT5
- One-click trading, custom indicators, and automated strategies via Expert Advisors.
Mobile: Exness Trade
- Rated 4.3★ on Google Play; praised for simple deposits but some users cite slow withdrawals.
- In-app price alerts, built-in economic calendar, and biometric login.
WebTerminal
- No install needed; trade on low-power devices using Chrome, Edge, or Safari.
Download MT4/MT5 and trade on the go.
Fees, Spreads & Leverage Explained
Spread snapshot (average, May 2025)
| Asset | Standard | Raw Spread | Zero |
|---|---|---|---|
| EUR/USD | 0.9 pips | 0.1 pips | 0.0 pips 95 % of time |
| XAU/USD (Gold) | 18 cents | 6 cents | 0 cents |
Commission model
- Standard/Pro: zero commission.
- Raw Spread/Zero: pay a tiny lot-based fee that often works out cheaper for scalpers.
Leverage
- Up to 1:Unlimited on major pairs; adjust in your Personal Area any time.
- Remember: higher leverage amplifies gains and losses—use risk controls.
See live spreads before you trade.
Regulation & Nigeria’s 2025 FX Code
- The CBN FX Code sets six ethical pillars for all FX market participants, including transparent pricing.
- The SEC ISA 2025 warns that leveraged forex providers must obtain a Nigerian licence or face sanctions).
- Exness has publicly stated it follows all disclosure rules and keeps client funds in segregated Tier-1 bank accounts.
- No Nigerian broker holds an unlimited-leverage permit; always check updates on the SEC “Public Notice” page.
Stay protected – trade with a compliant broker.
Pros & Cons for Nigerian Traders
What we like
- Low barrier to entry: ₦ 16 000 starts a Standard account.
- Fast NGN withdrawals: 98 % in under one minute.
- Tight spreads on Zero/Raw accounts: 0 pips on majors and gold.
- Unlimited leverage available (use responsibly).
- 24/7 support through live chat and WhatsApp.
Where to be careful
- Not yet licensed by Nigeria’s SEC.
- Occasional withdrawal-delay complaints on Google Play.
- High leverage magnifies risk; use stop-loss orders.
Ready to trade? Get started now.
Nigerian User Reviews & Testimonials
“I withdrew profits to my Zenith account in seconds—no hidden charge.” — Chidi O., Lagos
“App is easy to use, but support took days to solve my withdrawal query.” — Grace A., Abuja
Social proof at a glance
- Trustpilot rating: 4.2 / 5 across 15 000+ reviews.
- Over 1 million active traders worldwide.
Join thousands of Nigerians already trading – create your account.
FAQ
Is Exness broker legit?
Yes. Exness is regulated by CySEC and the FCA, providing strong client-fund safeguards even though it lacks a local SEC licence.
What is the minimum deposit for Nigerians?
A Standard account starts at ₦ 16 000 ($10)).
How do I deposit money into my Exness account in Nigeria?
Use NGN bank transfers, PalmPay, cards, or e-wallets for instant credit.
What is the minimum withdrawal?
Most channels allow withdrawals from ₦ 4 000 upward; confirm in your Personal Area.
How long do withdrawals take?
98 % clear in under one minute after approval.
Does Exness support demo accounts?
Yes—unlimited, risk-free demo balance available in MT4, MT5, and the mobile app.
Which account type suits beginners?
The Standard account offers no-commission trading and the lowest entry cost.
Is Exness PCI DSS certified?
Yes; card details are processed via PCI DSS-compliant gateways.
Is Exness compatible with Nigeria’s 2025 FX Code?
Exness states it follows the Code’s transparency and ethics rules and is monitoring SEC requirements.
Can I trade on my phone?
Absolutely—Exness Trade and MT4/MT5 mobile apps support Android and iOS.
Got more questions? Tap “Talk to Support” and get answers in seconds.
Risk warning: Forex and CFDs are leveraged products and may result in the loss of your capital. Trade responsibly and only with funds you can afford to lose.