Nigeria Prop Trading Cheapest Prop Firm
Understanding Effective Trading Solutions in Nigeria
FXCI has established itself as a leading prop trading firm in Nigeria, offering affordable funding solutions for traders of all levels. Our comprehensive approach combines accessibility for traders with professional trading conditions. Nigerian traders can access a professional trading infrastructure without having to make a significant capital investment.
FXCI offers Nigerian traders funded accounts starting from ₦22,500 ($49). Use promo code “FUNDEDTRADING” for 15% discount on any challenge purchase.
Key benefits for Nigerian traders:
- Refundable evaluation fee upon first payout
- Zero hidden costs or additional fees
- Complimentary second phase after successful completion
- Regular biweekly payouts
- Industry-leading 85% profit split
- Direct bank transfers to Nigerian financial institutions
- 24/7 technical support via Discord
- Educational resources and market analysis
Trading advantages:
- Multiple currency pairs
- Indices trading
- Commodity markets
- Cryptocurrency pairs
- Precious metals
Account Sizes and Pricing Structure
Unlock premium trading resources starting from just $49! Use promo code “FUNDEDTRADING” at checkout to enjoy a 15% discount and start your journey with an extra boost.
Detailed Account Options for Nigerian Traders:
| Account Size | Unlimited Challenge� | Boosted Challenge� |
| $5.000 | $49 | $59 |
| $10.000 | $99 | $109 |
| $25.000 | $189 | $199 |
| $50.000 | $299 | $309 |
| $100.000 | $499 | $509 |
| $200.000 | $949 | $959 |
Unlimited ( 2-step Challenge)
| Category | Phase 1 | Phase 2 | Funded Trader |
| Trading Period | No Limit | ||
| Minimum Trading Days | 0 | 0 | x |
| Max Daily Loss | 5% | 5% | 5% |
| Max Drawdown | 10% | 10% | – |
| Leverage | 1:100 | 1:100 | 1:100 |
| Profit Target | 10% | 5% | x |
| Profit Split | – | – | 85% |
Boosted (1-step Challenge)
| Category | Phase 1 | Funded Trader |
| Trading Period | No Limit | |
| Minimum Trading Days | 4 | x |
| Max Daily Loss | 3% | 3% |
| Max Drawdown | 5% | 5% |
| Leverage | 1:100 | 1:100 |
| Profit Target | 10% | x |
| Profit Split | – | 60% |
Additional Account Features:
- Account reset options
- Multiple account ownership allowed
- Custom challenge parameters available
FXCI is dedicated to empowering traders with flexible options to match their trading style and strategies. Here’s how we support a range of trading methods:
- Copy Trading Supported
Follow and replicate trades from seasoned professionals to leverage their insights and enhance your trading outcomes.
- Trade During News Events
Unlike some platforms, FXCI permits trading during major economic announcements, letting traders potentially benefit from market volatility.
- Martingale Strategy Allowed
FXCI accommodates the Martingale approach, where trade sizes are adjusted after losses, giving traders room to apply their preferred risk strategies.
- Hedging Permitted
Hedging is allowed, so you can balance positions to manage risk and exposure more effectively.
- No Stop Loss Requirement
FXCI does not enforce mandatory stop loss levels, offering traders freedom to adapt their risk controls according to individual strategies.
- End-of-Week Position Closure
To prevent risks from weekend market gaps, all trades need to close by 3:45 PM EST on Fridays.
Trading Conditions for Nigerian Traders
Standard trading parameters:
- Maximum daily loss: 5% of initial balance
- Maximum total drawdown: 10% of initial balance
- Forex pairs leverage: 1:100
- Indices and commodities leverage: 1:50
Trading instruments available:
| Category | Instruments |
| Major Forex Pairs | EUR/USD, GBP/USD, USD/JPY, USD/CHF |
| Minor Forex Pairs | EUR/GBP, GBP/JPY, EUR/AUD |
| Exotic Pairs | USD/NGN, EUR/NGN, GBP/NGN |
| Indices | US30, NASDAQ, S&P 500, FTSE 100 |
| Commodities | Gold, Silver, Crude Oil, Natural Gas |
Payment Systems for Nigerian Traders
Available payout methods: We offer a range of payment methods including Stripe, Coinbase, PayPal and AstroPay, credit cards, bitcoin and other cryptocurrencies.
Minimum withdrawal amount: ₦46,000 ($100)
Payment features:
- Biweekly payment schedule
- Processing time: 3-5 business days
- Zero withdrawal fees
- Automated payment system
- Transaction tracking
- Payment confirmation
- Support team assistance
Supported Nigerian banks:
- First Bank
- GTBank
- Zenith Bank
- Access Bank
- UBA
- Sterling Bank
- Union Bank
- Fidelity Bank
Platform Features
| FXCI cTrader Capabilities | YFT Platform Features |
| Advanced charting tools | User-friendly interface |
| Multiple timeframe analysis | Quick order execution |
| Custom indicators | Multiple chart layouts |
| Automated trading support | Technical analysis tools |
| Mobile trading access | Economic calendar |
| Real-time market data | Market news feed |
| Risk management tools | Trading signals |
| Position sizing calculator | Risk calculator |
| Trading journal integration | Portfolio management |
| Performance analytics | Trading history reports |
Real Trader Reviews
1. Dina (Verified User):
“Fast payout system, completed both phases in one day. Bank wire processed within 3 working days. Responsive support team. Trading conditions are transparent and execution is reliable. The platform never freezes during high-impact news events.”
2. _lots (Verified User):
“Platform interface is excellent. Trading experience smooth from start. Only missing a pips calculator. Customer service responds quickly through Discord. The evaluation process is straightforward and fair.”
3. Joshua Dike (Nigerian Trader):
“Support response times need improvement. Sometimes it takes 3-4 days for email responses. However, trading conditions are competitive and payouts are processed as promised.”
FAQ for Nigerian Traders
The minimum investment is $49 for a $5,000 account. This fee is refundable upon first payout from your funded account. Additional account sizes are available with proportional pricing.
Standard verification takes 24-48 hours. Complete documentation speeds up the process. Our compliance team works efficiently to process Nigerian traders’ applications while maintaining security standards.
Bank wire transfers to all major Nigerian banks are available, with a minimum withdrawal of ₦46,000, processed every two weeks. There are no withdrawal fees, and tracking information is provided for all transfers.