Moneta Markets
Visit brokerBest brokers in Nigeria with the MT5 platform
branded|
Explore our selection of brokers ideal for traders in Nigeria who want to use MT5.
For traders in Nigeria using MT5 as their primary platform, the FXStreet Team highlights Moneta Markets as a notable broker in 2026. It offers a complete MetaTrader 5 experience, fast execution and competitive pricing. VT Markets provides competitive spreads and leverage, while PU Prime offers multi-asset access and flexible account options, giving Nigerian traders additional choices for how they structure their trading environment. MetaTrader 5 is a multi-asset trading platform developed by MetaQuotes, released in 2010 as the successor to MetaTrader 4, and supports forex, stocks, futures, commodities and other asset classes from a single interface. Its differentiators include expanded charting timeframes, a wider range of order types, depth of market tools, and the MQL5 programming environment with a multi-threaded strategy tester for more advanced analysis. For traders, this translates into the ability to run and host automated strategies via Expert Advisors, backtest across different markets and timeframes, tap into a marketplace of third-party tools, and manage diversified portfolios within one integrated platform. All listed brokers are available to clients in Nigeria. While they are not regulated locally, Nigerian traders can open accounts with brokers licensed by international regulators such as the FCA, FSCA, and other reputable authorities.
What trading platforms do these top brokers with MT5 support?
The trading platform you choose plays an important role in how you analyse markets, place trades and manage open positions. While MetaTrader remains the most widely supported platform, some brokers also provide additional platforms and tools that may appeal to different trading styles. Other platforms commonly available alongside MT5 include MetaTrader 4, cTrader, TradingView, and broker-developed proprietary platforms. MetaTrader 4 remains widely used among forex-focused traders and supports a large library of automated trading scripts. cTrader offers a modern interface with depth-of-market data and order execution tools. TradingView provides web-based charting with community-driven analysis and broker-integrated trading. Proprietary platforms vary by broker and are typically designed for ease of use and account management. Compare the trading platforms with the table below.
All five brokers support MetaTrader 5, while four also offer MetaTrader 4. Moneta Markets, VT Markets, and PU Prime provide the widest platform line-ups, combining MT4, MT5, web platforms, and mobile apps. PU Prime alone offers Mirror Trader, PU Web Trader, PU Prime App, and PU Social. TradingPRO limits its offering to MT4, MT5, and a Prop Firm (TradingPLUS) platform, while LHFX focuses solely on MT5.
How well-regulated are the best brokers with the MT5 platform in Nigeria?
Regulation plays an important role when comparing brokers. It helps establish the standards each firm must meet for client protection, financial oversight and operational practices. As mentioned in the article’s introduction, these brokers can offer their services to clients in Nigeria even though they are not regulated locally. The table below breaks down regulation for each broker.
The table shows that regulation profiles vary across these five brokers. Moneta Markets combines FCA (United Kingdom), FSCA (South Africa), FSA (Seychelles), and FSC (Mauritius) oversight, while PU Prime holds the broadest mix with ASIC (Australia), CMA (United Arab Emirates), FSA (Seychelles), FSCA (South Africa), and FSC (Mauritius). VT Markets is regulated by ASIC (Australia), FSCA (South Africa), and FSC (Mauritius), whereas TradingPRO and LHFX each list FSCA (South Africa) and FSC (Mauritius) only.
What markets do these best brokers provide access to?
These brokers with the MT5 platform offer coverage across several asset classes, allowing traders to manage diversified portfolios without having to switch brokers. The table below lists the ones available for the five brokers.
The table shows that the five brokers offer Forex, with major and minor pairs, indices and commodities, like energies, Gold or Silver. Moneta Markets and PU Prime add exotic pairs, future indices, regional stocks, a wide set of share CFDs and ETFs, as well as bonds and cryptocurrencies. VT Markets also covers a wide multi-asset range including stocks, share CFDs, stocks, ETFs, precious metals, cryptocurrencies and bonds. TradingPRO has a list centred on the same assets mentioned before, similar to what LHFX offers.
Which account types are available at the top brokers with the MT5 platform in Nigeria?
Each broker offers a range of account types designed to suit different trading styles and levels of experience. Account types can vary in terms of spreads, commissions, minimum deposits and available features. The table below breaks down account types.
The data shows that these brokers in Nigeria offer a range of account types. Moneta Markets lists Direct STP, Prime ECN, and Ultra ECN accounts, while VT Markets offers ECN, and STP accounts. PU Prime provides Standard, Prime, ECN, and Cent accounts, and TradingPRO lists Rookie Account, Micro Account, Pro Account, and ScalpX Account options. LHFX focuses its trading accounts availability on a single STP/ECN Account.
Moneta Markets
Moneta Markets
| Regulated by | FCA, FSCA, FSA, FSC |
| Currencies accepted for deposits/withdrawals | CAD, CHF, EUR, GBP, JPY, NZD, USD, BRL, HKD, SGD |
| Trading platforms allowed | MetaTrader 4 (MT4), MetaTrader 5 (MT5), MT4 WebTerminal, MT5 WebTrader, Web Platform, Mobile App, ProTrader, AppTrader |
| Customer service languages available | Arabic, Cantonese, Chinese (Traditional), Chinese (Simplified), English, German, Indonesian, Italian, Japanese, Korean, Malay, Mandarin, Persian (Farsi), Spanish, Turkish, Thai, Vietnamese |
VT Markets
VT Markets
| Regulated by | ASIC, FSCA, FSC |
| Currencies accepted for deposits/withdrawals | AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD |
| Trading platforms allowed | MetaTrader 4 (MT4), MetaTrader 5 (MT5), MT4 WebTerminal, MT4 MultiTerminal, MT5 WebTrader, Mobile App, Web Platform, MAM/PAMM |
| Customer service languages available | Chinese (Simplified), Chinese (Traditional), English, Thai, Vietnamese, Mandarin, Malay, Portuguese, Polish, Khmer, Indonesian, Hindi, German, French, Filipino (Tagalog) |
PU Prime
PU Prime
| Regulated by | ASIC, CMA, FSA, FSCA, FSC |
| Currencies accepted for deposits/withdrawals | USD, GBP, CAD, EUR, SGD, NZD, HKD, JPY, AUD |
| Trading platforms allowed | MetaTrader 4 (MT4), MetaTrader 5 (MT5), MT4 WebTerminal, MT5 WebTrader, Web Platform, Mobile App, MAM/PAMM, Mirror Trader, PU Web Trader, PU Prime App, PU Social |
| Customer service languages available | Chinese (Simplified), Chinese (Traditional), Vietnamese, Thai, Spanish, Malay, Indonesian, Filipino (Tagalog), Russian, Hindi, Latvian, Romanian, Bulgarian, Dutch |
TradingPRO
TradingPRO
| Regulated by | FSCA, FSC |
| Currencies accepted for deposits/withdrawals | USD, AUD, CAD, CHF, EUR, GBP, JPY, NXD, SGD, TRY, ZAR, CNY, SEK, NOK, CNH, HKD, PLN, THB |
| Trading platforms allowed | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Prop Firm (TradingPLUS) |
| Customer service languages available | English, Indonesian, Vietnamese, Arabic, Filipino (Tagalog), Chinese (Simplified), French, German, Japanese, Malay, Thai, Tamil, Spanish |
LHFX
LHFX
| Regulated by | FSCA, FSC |
| Currencies accepted for deposits/withdrawals | EUR, USD, GBP, BTC |
| Trading platforms allowed | MetaTrader 5 (MT5) |
| Customer service languages available | Arabic, English, French, Portuguese, Spanish |
Forex Brokers FAQs
Share
Our Editorial Process
Our editorial team personally tests each broker with real accounts. We evaluate spreads, execution speed, customer support, and withdrawal times over a 3-month period. Every broker on this list has been independently verified by at least two members of our research team to ensure accuracy and fairness in our recommendations.