Best Prop Firms in Nigeria to Start Trading with a Master Account
9/15/2025, 6:54:31 AM
Discover the best prop firms in Nigeria for funded trading accounts, and explore the key benefits of trading with FundingPips as a Nigerian trader.
Are you looking to turn your trading profit into a professional income? Don’t worry, because we have got you covered. In the last few years, prop trading has gained popularity in the financial markets due to its mutually beneficial model. The model benefits both parties, where the trader earns profits by utilizing their expertise, and the firms provide their tools and resources to help the traders.
In return, the profit is divided between both parties, with the trader retaining 70 to 90% of it. In Nigeria, many traders are turning to prop trading, particularly those who prefer not to use their personal capital for trading. Many reputable prop firms are now open for Nigerian traders. Traders with limited capital access have a lot to gain by setting up prop firm accounts. They gain access to firm resources, community support, reduced personal risk, enhanced trading strategies, and scaling plans for long-term growth. FundingPips is a UAE-based firm that caters to Nigerian traders.
Are you ready to trade faster, smarter, and better, and make the most out of your skills? Join FundingPips today and trade with reduced personal risk.
Why Nigerian Traders Prefer Prop Firm Accounts
Nigerian traders prefer not to risk their finances when a better option is available. Trading with prop firms allows them to trade without significant personal capital. With prop firms, they get access to higher leverage where they can open bigger positions, diversify their portfolio, and scale up steadily.
Key Factors to Consider When Choosing a Prop Firm
When selecting a prop firm, certain key factors can significantly impact your trading experience. The main factor is the evaluation model. If traders choose the zero model, known as “instant funding” in the industry, they pay a higher entry fee. In the case of the evaluation model, they need to prove consistency before accessing the master account. The profit split ratio matters a lot, which should be considered too.
If a firm offers MetaTrader 5, it can take your trading game to the next level. Lastly, check for the allowed trading styles; some firms offer scalping and swing trading but restrict new trading. You must select a firm that aligns with your growth plan and strategy for the optimized performance.
Top Prop Firms in Nigeria for Master Accounts
Many prop firms are now welcoming Nigerian traders. However, each firm has its own guidelines and rules for compliance. Depending on your preferences, choose the one that goes well with your goals. Also, visit their official website to read up on the guidelines and rules. FundingPips, headquartered in Dubai, can be the best option for Nigerian traders, as:
FundingPips meets the global and local regulatory requirements.
It is the best for MT5 traders with multiple evaluation models.
With $120+ million in payouts, it stands out for its no payout denial policy and offers multiple withdrawal options.
Traders can decide between many account sizes, which allows traders to diversify as well.
It offers multilingual support, has a high trading volume, and has traders from more than 190 countries.
FundingPips lets traders scale up to $2 million and earn profit rewards on the side as well.
Also, the profit splits start at 80% and go up to 100% upon consistent performance.
With so many benefits available, hurry up and join FundingPips today to embark on the journey of excellence.
How to Get a Prop Firm Account in Nigeria
To get a master account in Nigeria, sign up on the official platform. Complete your KYC application. After your verification is complete, pay the entry fee and start your evaluation. Traders who want to gain instant access to a master account must pay a slightly higher entry fee. At FundingPips, traders pay $499 for a $100k account. It is also known as FundingPips zero.
Traders who want to pass the evaluation phase to get a master account have to trade within the drawdown limits and meet the profit targets before getting their master account. To pass an evaluation phase at FundingPips for a 1-step account, traders aim for an 8% profit target with a daily loss limit of 5% and an overall loss limit of 10%. The method for the 2-step evaluation phase is similar.
After traders pass both steps, they get the master account. FundingPips doesn't have any time pressure, so that traders can trade at their own pace.
To overcome the challenges, traders must comply with the rules, stay within the drawdown limits, meet the profit targets, and remain consistent and disciplined to secure access to the master account.
Risks and Challenges of Trading with a Prop Firm
To trade with a prop firm, traders don’t need only luck; instead, they require solid skills and knowledge about the markets. The prop firms have strict trading rules. In the event of non-compliance, traders risk losing their accounts and resources.
Additionally, there is increased psychological pressure since traders must meet profit targets and maintain consistency to sustain and grow their trading accounts. Without regular performance, traders can lose out on lots of profit-making opportunities.
Tips for Success with a Master Account
To maintain a master account and have success with it, traders can follow these tips.
Traders must follow the risk management methods and stay within the maximum and daily drawdown limits.
It's essential to stick with a trading plan and avoid impulsive decisions during volatile times. Patience is the key.
If traders practice using demo accounts before evaluation, they get an idea about the real trading environment and can refine their strategies and perform better.
Conclusion
FundingPips lets Nigerian traders trade with the firm’s capital, access generous profit splits, and use advanced tools for an improved trading experience without greater risk. Regardless of the firm you choose, ensure that it matches your objectives so that you trade with ease and less inconvenience. For aspiring Nigerian traders, trading with a prop firm is highly beneficial, as it enables them to diversify their trades, develop new skills and strategies, and achieve success steadily.
Join FundingPips today, where you can trade with MT5, access better risk management strategies, and trade multiple financial markets, all in one place.
