From $5 or less
3The smallest entry on this page.
Minimum deposits · Nigeria · 2026
How much do you need to start trading?
Ten brokers, sorted by what they ask for up front. The deposit is only half the answer — the minimum trade decides how many goes that money actually buys.
9 of 10 brokers accept it · cheapest is Deriv at $5
DerivPocket OptionQuotexIQ OptionOlymp TradeExpert OptionExnovaBubingaStockity
Deposits are held in dollars. Whatever you pay with — bank transfer, a wallet or a card — the provider converts at its own rate on the day.
Comparison
Columns
Payout is the share of a winning fixed-time contract the broker pays back. A broker with no regulator in the table is not unlicensed by accident — we looked and found nothing.
Before you fund
Do the maths
If the trade wins
returned, your stake included
If it loses
the whole stake is gone
Break even
of trades must win just to stand still
A fixed-time contract pays a set percentage on a win and takes the whole stake on a loss, so the break-even win rate is above half at every payout below 100%. This is arithmetic about the contract, not a forecast about you.
Methodology
Method
- 01Read the deposit pageThe minimum deposit is taken from the broker's own funding page, not from a review site, and re-read on the check date.
- 02Record the minimum tradeThe smallest amount the platform will accept into one position — a different number from the deposit, and the one that decides how long your money lasts.
- 03Look the licence up in the registerThe regulator and number come from that regulator's public register. Where there is nothing to find, the table says “none found” rather than naming a body that has not licensed the broker.
- 04Leave out what we cannot verifyNo naira conversions, no per-broker payment matrix, no deposit speeds we did not measure. A number on this page is one we can point at a source for.
Registers used: SEC Nigeria · CySEC · MFSA · VFSC
By amount
By budget
From $10
6Where most of the market sits.
- Quotex$10
- IQ Option$10
- Olymp Trade$10
- Expert Option$10
- Exnova$10
- Stockity$10
Above $10
1Worth it only for something the cheaper accounts do not give you.
- BinaryCent$250
Broker by broker
Each broker
These blocks carry the figures we hold and no others. Where the register has nothing on a broker, that is what the line says.
Deriv
#1- Minimum deposit
- $5
- Minimum trade
- $0.35
- Maximum payout
- 100%
- Where it runsAndroid, iOS, Web, MT5 and TradingView
- Own platformDeriv Trader, Deriv X, SmartTrader
- In a registerMFSA 70156, Labuan FSA MB/18/0024 and VFSC company No. 14556
Pocket Option
#2- Minimum deposit
- $5
- Minimum trade
- $1
- Maximum payout
- 92%
- Where it runsAndroid, iOS, Web, MT4 and MT5
- Own platformPocket Option platform
- In a registerMISA (Mwali) T2022086
- Named by a regulatorthe FCA warning list (United Kingdom), a CONSOB order (Italy) and a CFTC warning (United States)
Quotex
#3- Minimum deposit
- $10
- Minimum trade
- $1
- Maximum payout
- 98%
- Where it runsAndroid, iOS and Web
- Own platformQuotex platform
- In a registerNo licence found in a register
IQ Option
#4- Minimum deposit
- $10
- Minimum trade
- $1
- Maximum payout
- 95%
- Where it runsAndroid, iOS and Web
- Own platformIQ Option platform
- In a registerCySEC 247/14 (EEA)
Olymp Trade
#5- Minimum deposit
- $10
- Minimum trade
- $1
- Maximum payout
- 95%
- Where it runsAndroid, iOS and Web
- Own platformOlymp Trade platform
- In a registerVFSC company No. 40131 (Aollikus Limited) and Financial Commission (member)
Expert Option
#6- Minimum deposit
- $10
- Minimum trade
- $1
- Maximum payout
- 95%
- Where it runsAndroid, iOS and Web
- Own platformExpertOption platform
- In a registerFinancial Commission (member)
Exnova
#7- Minimum deposit
- $10
- Minimum trade
- $1
- Maximum payout
- 92%
- Where it runsAndroid, iOS and Web
- Own platformExnova platform
- In a registerNo licence found in a register
- Named by a regulatorwithdrawal complaints on record and no financial regulator oversees it
BinaryCent
#8- Minimum deposit
- $250
- Minimum trade
- $0.10
- Maximum payout
- 92%
- Where it runsAndroid, iOS and Web
- Own platformBinaryCent platform
- In a registerNo licence found in a register
- Named by a regulatora VFSC notice of fraud (Vanuatu), the CFTC RED list (United States), the AMF blacklist (France) and an FMA warning (New Zealand)
Bubinga
#9- Minimum deposit
- $5
- Minimum trade
- $1
- Maximum payout
- 95%
- Where it runsAndroid, Web and TradingView
- Own platformBubinga platform
- In a registerNo licence found in a register
- Named by a regulatorno financial regulator oversees it
Stockity
#10Sponsored- Minimum deposit
- $10
- Minimum trade
- $1
- Maximum payout
- 90%
- Where it runsAndroid, iOS and Web
- Own platformStockity platform
- PlacementA paid slot — and the figures in it were verified like all the rest.
Paying in
Payments
Bank transferAny local bank, through the NIP network.
Mobile walletsOPay, PalmPay and Moniepoint are the ones traders here use most.
CardsVerve, Visa and Mastercard, subject to your bank's international limit.
USDTUsually TRC-20; the fastest route when a card is declined.
We do not publish a broker-by-broker list of accepted methods. Processors are switched on and off without notice, and a table that is right in October is wrong by December — the deposit screen of the broker is the only reliable source. Open it before you register: it names every method available to a Nigerian account today.
Answers
Deriv, Pocket Option and Bubinga at $5. Most of the rest start at $10, and BinaryCent is the outlier at $250. Move the budget slider at the top of the page to see who accepts your amount.
No, and the difference matters. The deposit is what you must pay in to open the account; the minimum trade is the smallest amount you can put into one position. A $5 account at a $0.35 minimum trade is 14 trades, not one.
Accounts are held in dollars. Whether you pay by bank transfer, a wallet or a card, the payment provider converts naira at its own rate on the day, which is not the official rate. We do not publish naira equivalents for that reason.
We deliberately do not publish that as a table. Processors are turned on and off without notice, and a list that is correct today misleads in two months. Open the broker's deposit screen — it shows what a Nigerian account can use right now.
Some brokers charge nothing, others charge per method or take a percentage. It is the single most expensive detail to get wrong, so check it on the broker's own withdrawal page before you fund the account.
No. The Securities and Exchange Commission does not license fixed-time (binary) trading in Nigeria. The table shows the foreign regulator and number we could find in a public register, and says plainly where there is none.