Best Prop Trading Firms in Nigeria (2026)

Prop trading firms let skilled traders access trading capital without using their own money — you prove your skill in an evaluation, then you trade real capital and keep a share of the profits. These Prop trading firms are popular among Nigerian traders looking to scale beyond personal account limits. In this guide, we break down the key metrics you care about:

✔ Country of Origin
✔ Assets (Forex, Crypto, Indices, Commodities, Metals, etc.)
✔ Supported Platforms
✔ Maximum Allocation & Account Sizes
✔ Evaluation Steps & Profit Targets
✔ Daily Loss & Max Drawdown Rules
✔ Profit Split & Payout Frequency
✔ Pricing & Fees

Each firm ends with a call-to-action so readers know where to read the full review.

1. The5ers.com

🇮🇱 Overview

• Country of Origin: Israel (Five Percent Online Ltd)
• Founded: 2016
• Reputation: Long-standing prop firm with global trader community and scaling plans.

Tradable Assets

• Forex pairs
• Metals & commodities
• Indices
• Crypto CFDs (availability varies by program)

Platforms

• MetaTrader 5 (MT5)
  (Some accounts may allow alternative execution platforms via liquidity partners).

Accounts & Allocation

• Evaluation → Funded accounts from $5,000 up to $100,000+ depending on program
• Scaling potential up to $4,000,000 with performance milestones.

Targets & Rules

• Profit Target: ~10% typical for main evaluation paths
• Max Drawdown: ~6% (varies by program)
• Daily Loss Limit: ~3%–5% based on account type
• Time Limits: Unlimited in many evaluation paths (trade at your own pace).

Profit Split & Payouts

• Up to 100% profit share depending on account level and scaling progress
• Frequent payouts (e.g., bi-weekly once funded).

Pricing

• Bootcamp accounts: from around €95
• Instant Funding: from about €235
• High Stakes: from around €495
  💡 Fees can be refundable after first profit payout in many programs.

👉 Check out our full review of The5ers.com here

2. FTMO

🇨🇿 Overview

• Country of Origin: Czech Republic
• Founded: 2015
• Reputation: One of the most established and widely used prop firms globally.

Tradable Assets

• Forex
• Commodities
• Indices
• Stocks & crypto (via CFDs)
• Note: asset availability depends on platform and account setup.

Platforms

• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)
• cTrader
• DXtrade (varies by region)

Accounts & Allocation

• Sizes: $10,000 → $200,000 (standard)
• Scaling potential up to $2,000,000 with performance milestones.

Evaluation Structure

FTMO uses a two-phase process:

1. Challenge:
   • Profit Target: 10%
   • Max Drawdown: 10%
   • Daily Drawdown: 5%
2. Verification:
   • Profit Target: 5%
   • Same drawdown rules

• Unlimited time to complete both phases; minimum 4 trading days per phase.

Profit Split & Payouts

• Base split: 80% to trader
• Can scale up to 90% through FTMO’s scaling plan and consistent performance
• Payouts processed typically bi-weekly or monthly after funding.

Pricing

• Starting challenge fees vary by size:
  • ~$90 for $10K
  • ~$225–$486 for mid sizes
  • ~$972+ for $200K
• Fees are refundable upon passing and first payout.

👉 Check out our full review of FTMO here

Start FTMO Challenge →

3. FundingPips

🌍 Overview

• Country of Origin: United Arab Emirates (incorporated in Comoros Union per official profile)
• Founded: Early 2020s
• Focus: Low-fee access with fast payouts and flexible challenge options.

Tradable Assets

• Forex pairs
• Indices
• Metals & energies
• Cryptocurrencies
  (Asset picks depend on the platform you choose: MT5, cTrader, Match-Trader).

Platforms

• MetaTrader 5 (MT5)
• cTrader
• Match-Trader (mobile/web)

Accounts & Allocation

• Initial funded accounts: $5,000 – $100,000
• Scaling opportunities up to $300,000+ or more for elite traders
  (terms vary by challenge type).

Targets & Rules

• Evaluation Options: 1-phase, 2-phase
• Profit Targets: ~8% (Phase 1) + 5% (Phase 2)
• Daily Drawdown: ~5%
• Max Drawdown: ~10%
• Time Limit: Unlimited for reaching targets
  (Some models add consistency days or milestones).

Profit Split & Payouts

• Default split ~80%, scaling up to 90% or even 100% for monthly payout cycles
• Payout Frequency: Weekly, bi-weekly, monthly, or on-demand depending on your choice.

Pricing

• Entry fees are among the lowest in the industry:
  • $32 for $5K
  • $60 for $10K
  • $139 for $25K
  • $239 for $50K
  • $399 for $100K
• Fees are typically refundable with your first payout.

👉 Check out our full review of FundingPips here

4. Maven Trading

🇨🇦 Overview

• Country of Origin: Canada (headquartered in Vancouver)
• Founded: Early 2020s (rapid growth since launch)

Tradable Assets

• Forex
• Indices
• Commodities
• Crypto CFDs & ETFs (400+ instruments depending on the challenge/model)

Platforms

• MetaTrader 4
• MetaTrader 5
• cTrader
• Match-Trader (mobile/web)

Accounts & Allocation

• Account sizes: Generally up to $100,000 initially, scalable up to $1,000,000+ as you perform
• Various challenge routes (Instant, 1-Step, 2-Step, 3-Step) let traders pick based on risk appetite and experience

Targets & Rules

• Profit targets (varies by path):
  • 1-Step/Instant: ~8%
  • 2-Step: ~8% then 5%
  • 3-Step: ~3% per phase
• Daily Drawdown: ~2–3% (varies by model)
• Max Drawdown: ~3–8% depending on pathway
• Time Limits: No maximum time to complete the challenge; trade at your pace

Profit Split & Payouts

• Profit Split: Minimum ~80% for traders
• Payout Frequency: Typically every 10 business days, depending on your route and regulation

Pricing

• Entry fees: Very low — from as little as $13–$19 for smaller accounts/challenges
• Fees are refundable upon payout in many challenge models

💡 Maven’s pricing and rules are beginner-friendly, often among the lowest in the industry.

👉 Check out our full review of Maven Trading here

5. FundedNext

🌍 Overview

• Country of Origin: United Arab Emirates (registered and serving global traders)
• Founded: Early 2020s
• Focus: Flexible challenge models with multiple entry points and adjustable risk/profit paths

Tradable Assets

• Forex
• Indices
• Commodities
• Crypto CFDs
• Futures (newer models)

Platforms

• MT4
• MT5
• cTrader
• Match-Trader
• Proprietary futures platform (where available)

Accounts & Allocation

• Account sizes: Typically $6,000 up to $300,000 in CFD models, with Futures accounts and >$200,000 also offered
• Scaling potential: Up to $4,000,000 for top performing traders under the Two-Step Stellar plan

Evaluation & Rules

Evaluation Phases (varies by model):

• Standard evaluation: ~25% profit target with 5% daily max and 10% overall max loss
• One-Step Stellar: ~10% profit target with 6% max loss and 3% daily drawdown
• Two-Step Stellar: 8% then 5% profit target phases with 10% max loss
• Express & other models: Alternative structures exist with no time limits and different consistency rules

Profit Split & Payouts

• Profit Split: Up to 95% for CFDs and up to 100% for Futures in some models
• Payout Frequency: Often bi-weekly, with fast payout claims (sometimes within 24 hours)

Pricing

• Pricing ranges widely by model:
  • CFD evaluation models: Approx. $32 – $1,099 depending on size and structure
  • Some Express or Instant options feature unique rates and bonus payouts

💡 FundedNext stands out for multiple challenge types and high profit splits, though it’s important to read detailed rules carefully as limits and model requirements vary significantly.

👉 Check out our full review of FundedNext here

6. SeacrestFunded (formerly MFFX)

🇿🇦 Overview

• Country of Origin: South Africa (Seacrest Markets PTY LTD regulated by FSCA)
• Founded: Mid-2020s (rebranded from MFFX)
• Reputation: Mid-tier firm with a range of evaluation paths and generally positive community feedback balanced with some negative reviews (varied experiences reported)

Tradable Assets

• Forex
• Commodities
• Indices
• Crypto (via CFDs)
  (Exact instruments can depend on platform and challenge chosen.)

Platforms

• MetaTrader 5 (MT5)
• Match-Trader
• DXtrade (varies by account)

Accounts & Allocation

• Account sizes: Typical challenge levels from $10,000 → $200,000+, fees range accordingly
• Scaling: Incremental scaling models may apply based on performance.

Targets & Rules

Evaluation Structures (varied):

• 1-Step Evaluation: ~10% gain target, ~4% daily loss, ~6% overall loss, unlimited time
• 2-Step Evaluation: Phase 1 ~8% then Phase 2 ~5%, ~5% daily drawdown, ~8% overall loss
• 3-Step Evaluation: Progressive smaller targets (e.g., ~6%) across phases

Profit Split & Payouts

• Profit Split: Traders can earn up to ~90% of profits on funded accounts (depends on model)
• Payout Frequency: Typically bi-weekly, with some programs offering faster cycles

Pricing

• Flat evaluation fees vary by account size — e.g., $50 for a $10K challenge, up to $499+ for larger challenges
• Fees are refundable upon first payout in many cases.

💡 Community reviews for Seacrest are mixed — some traders praise its ease and payout speed, while others report negative customer service experiences, so it’s worth checking current reviews when you link to your full review.

👉 Check out our full review of SeacrestFunded here

7. Alpha Capital Group

🇬🇧 Overview

• Country of Origin: United Kingdom / global operations
• Founded: 2021
• Reputation: Mixed — strong social following and Trustpilot scores, but some traders report payout denials and rule enforcement issues, so research carefully before joining.

Tradable Assets

• Forex
• Commodities
• Indices
  (Asset lists can vary by account type and platform selection).

Platforms

• MetaTrader 5 (MT5)
• cTrader
• DXTrade for select regions (e.g., U.S.)

Accounts & Allocation

• Account Sizes: Typically $5,000 – $200,000
• Potential scaling up to $2 million+ for consistent traders.

Targets & Rules

• Profit Targets: ~8% initial; next phase ~5% (2-step challenge)
• Daily Drawdown: ~5%
• Max Drawdown: ~10%
• Minimum Trading Days: ~3 calendar days
• Unlimited overall trading period to hit targets.

Profit Split & Payouts

• Profit Split: Standard ~80% to trader
  (Some add-ons may aim for higher splits, check current offerings)
• Payout Frequency: Typically bi-weekly or on-demand after funded qualification.

Pricing

• Evaluation fees range from $50 to $1,097, depending on account size and model.

⚠️ Trader feedback is mixed — some praise transparency and payouts, others warn about denial or delays after passing challenges.

👉 Check out our full review of Alpha Capital Group here

8. E8 Markets

Overview

• Country of Origin: Saint Lucia (E8 Markets Ltd, registered entity)
• Founded: Early 2020s, growing reputation as flexible challenge prop firm.

Tradable Assets

• Forex
• Futures
• Crypto
  (Prop programs may simulate trading conditions; read firm disclosures before joining).

Platforms

• MetaTrader 5 (MT5)
  (Some offerings include TradeLocker, cTrader, or Match-Trader on related brands).

Accounts & Allocation

• Account Sizes: Commonly $10,000 – $200,000 (up to higher for elite traders)
• Unlimited time to complete evaluations and challenges.

Targets & Rules

• Profit targets typically aligned with industry norms (~8–10%)
• Flexible drawdown structures with realistic loss limits
• No fixed minimum trading days — trade when ready.

Profit Split & Payouts

• Profit Split: ~80% standard, potential to reach up to ~100% for top performers
• Payout Frequency: Fast payouts — often on-demand or bi-weekly options.

Pricing

• Challenge fees vary by account size and structure (generally in the mid-range among industry peers).

🔥 Pros: Clear, flexible rules; fast evaluations and payouts.
💡 Note: Most programs are in simulated trading environments for skill testing.

👉 Check out our full review of E8 Markets here

9. Bright Funded

Overview

• Country of Origin: Global (registered prop firm with online challenge ecosystem)
• Founded: Mid-2020s with rapid growth.

Tradable Assets

• Forex
• Indices
• Commodities
• Crypto (depending on platform)
  (Exact instruments vary by challenge and platform choice).

Platforms

• Proprietary dashboard with integrated trading tools
• Some offerings also support cTrader or MT5 for execution.

Accounts & Allocation

• Account Sizes: Typically $5,000 – $200,000
• Three-phase evaluation routes with clear progression paths.

Targets & Rules

• Multi-phase challenges with profit targets often around ~8% per phase
• Daily drawdown ~5%; total drawdown ~10%
• Generally requires minimum trading days per phase to demonstrate consistency.

💰 Profit Split & Payouts

• Profit Split: Starts around ~80% for traders
• Opportunity to scale up toward ~100% via performance metrics and loyalty programs
• Payout Frequency: Weekly payouts, often with fast processing times (e.g., ~4 hours with some plans).

💸 Pricing

• Challenge fees vary by account size; discount promotions may be available.

💡 Bright Funded is known for transparent rules and rapid payouts, making it appealing to traders seeking predictable funded paths.

👉 Check out our full review of Bright Funded here

10. OANDA Prop Trader

Overview

• Country of Origin: United States (OANDA Global Corporation — established broker with prop challenge arm)
• Founded: 1990s for OANDA; Prop Trader program launched in the mid-2020s
• Reputation: Backed by a long-standing regulated broker with global footprints.

Tradable Assets

• Forex pairs
• Commodities & metals via CFDs
• Indices (platform dependent)
  (Crypto trading may not be available for all clients).

🛠 Platforms

• OANDA’s proprietary trading systems (web and mobile) with tight pricing
• Data feeds integrated with OANDA’s global execution network.

💼 Accounts & Allocation

• Challenge Levels: $5,000 → $500,000 virtual funded accounts
• Unlimited time to complete each challenge phase.

🎯 Targets & Rules

• Profit Targets: ~5% per phase
• Daily Loss Limit: ~5% of initial balance
• Maximum Drawdown: ~10% static
• Minimum Trading Days: ~3 calendar days for consistency metrics.

💰 Profit Split & Payouts

• Profit Split: ~80% to trader
• First payout often refunds the challenge cost
• Payout Frequency: After funding, withdrawals are processed to your OANDA trading account.

💸 Pricing

• Challenge fees vary by level (e.g., ~$35 – ~$599 depending on account size).

✨ OANDA Prop Trader stands out for stability and regulation, making it a good choice for traders who want a recognized name behind their funded account challenge.

👉 Check out our full review of OANDA Prop Trader here

Compare all 10 prop trading firms

💡 Note: Figures are approximate ranges based on 2025 industry data and can change — link to full reviews for exact current details.

🧠 Quick Highlights

Best for Low Entry Cost

• Maven Trading and FundingPips start very low, ideal for beginners or budget-focused traders.

Highest Profit Splits

• The5ers, FundedNext, E8 Markets, and Bright Funded can push toward ~100% for top performers.

Strongest Regulation / Brand

• FTMO and OANDA Prop Trader are widely recognized and trusted in the global trading community.

Most Flexible Rules

• FundedNext and SeacrestFunded offer multiple evaluation paths to fit different trading styles.