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Forex brokerNaira-Denominated
NairaTrader
Official siteLagos-based prop firm pricing everything in naira — entry from ₦8,900, accounts to ₦6,000,000 — with a 20% drawdown allowance and payouts on request 24/7.
- Great
- 4.0 rating
About NairaTrader
NairaTrader is a Nigerian prop firm based at 2 Akin Osiyemi Street, Allen Avenue, Ikeja, Lagos, positioning itself as a local alternative for Nigerian traders with naira-denominated fees and funded accounts.
Its founding year is not published, so it is left unrecorded here rather than estimated. Trader feedback highlights fast, undisputed payouts. Confirm the selected plan and current rules on the official website before purchasing.
- Accounts and fees priced in naira, from ₦8,900
- 20% maximum drawdown — far wider than the 6–10% typical elsewhere
- Payouts can be requested 24/7
- Headquarters
- Ikeja, Lagos, Nigeria
- Last reviewed
- August 2026
Trading details
Assets
Forex
Withdrawal methods
Bank Transfer
Instruments and features
NairaTrader offers forex evaluations denominated in naira, with funded accounts from ₦200,000 to ₦6,000,000.
The standard route runs two phases, each requiring a 10% profit target inside a 20% maximum drawdown. A separate Disciplined Traders Challenge gives a ₦3M account for ₦8,000 on a 60/40 split with a 60-day limit per phase. Minimum withdrawal is 10% of profits, with a 72-hour cooldown between payouts.
What traders gain and give up with NairaTrader
Pros
- Accounts and fees priced in naira, from ₦8,900
- 20% maximum drawdown — far wider than the 6–10% typical elsewhere
- Payouts can be requested 24/7
Cons
- Profit split of 70% is below the sector norm
- A 72-hour cooldown applies between payouts
- Founding year is not published
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Disclaimer
Figures on this page describe a third-party trading service and are not an offer of investment services or financial advice. Spreads, fees, leverage and bonus terms change without notice — confirm them on NairaTrader's own site before you deposit. Profile data sourced from fxpropsignal.com.