Choosing the right trading account is one of the most important decisions for any forex trader. For Nigerian traders using JustMarkets, the broker offers several account types — each tailored to different trading needs. But the question is: Which account type is best for Nigerians on JustMarkets? Let’s break it down based on features, cost, and trader profile.
Available Account Types on JustMarkets Nigeria
JustMarkets offers four main account types to Nigerian clients:
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Standard Account
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Pro Account
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Raw Spread Account
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Cent Account
Each account type has its own features suitable for different trader levels, from beginners to professionals.
1. Standard Account – Ideal for Beginner Nigerian Traders
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Minimum Deposit: ₦5,000 or $10
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Spread: From 0.3 pips
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Commission: Zero
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Leverage: Up to 1:3000
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Platform: MT4 & MT5
Why it’s good for Nigerians:
This is perfect for new traders in Nigeria who want low entry barriers and no commissions. The Standard Account supports both naira and dollar deposits, including local bank transfer or fintechs like Paystack and Flutterwave.
2. Pro Account – Best for Experienced Nigerian Traders
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Minimum Deposit: ₦10,000 or $100
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Spread: From 0.1 pips
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Commission: None
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Execution: Faster than Standard
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Leverage: Up to 1:3000
Why it’s good for Nigerians:
For those already trading with experience, the Pro Account offers tight spreads with no commissions. Ideal for gold (XAUUSD), oil, or crypto pairs. Nigerian traders with good capital can benefit from the improved execution speed and market depth.
3. Raw Spread Account – Best for Scalping and EA Trading
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Minimum Deposit: ₦10,000 or $100
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Spread: From 0.0 pips
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Commission: $3 per lot per side
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Leverage: Up to 1:3000
Why it’s good for Nigerians:
If you’re a Nigerian scalper or use automated robots (EAs), this account offers the lowest spreads possible. Though it charges commission, it can save money in high-volume trades.
4. Cent Account – Best for Learning & Testing
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Minimum Deposit: ₦1,000 or $1
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Spread: From 0.3 pips
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Commission: None
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Balance Displayed in Cents
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Leverage: Up to 1:1000
Why it’s good for Nigerians:
This is ideal for beginners in Nigeria who want to practice live trading with real but small money. You can trade with as little as ₦500 while learning how the platform works.
Comparison Table for Nigerians
| Account Type | Ideal For | Minimum Deposit | Spread | Commission | Local Deposit |
|---|---|---|---|---|---|
| Cent | Beginners/Testers | ₦1,000 | From 0.3 | None | ✅ Yes |
| Standard | Beginners | ₦5,000 | From 0.3 | None | ✅ Yes |
| Pro | Intermediate/Pro | ₦10,000 | From 0.1 | None | ✅ Yes |
| Raw Spread | Scalpers/EAs | ₦10,000 | From 0.0 | $6/lot | ✅ Yes |
So, Which Account Type Is Best for Nigerians?
✅ Best for New Traders: Cent or Standard Account
✅ Best for Experienced Traders: Pro Account
✅ Best for Scalping or EA Bots: Raw Spread Account
Most Nigerian traders start with the Standard account because it balances flexibility, cost, and ease of use. If you’re confident and have more capital, Pro or Raw Spread accounts are worth considering.
Deposit & Withdrawal Options in Nigeria
JustMarkets supports local payment methods, including:
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Bank transfers (GTBank, Zenith, Access Bank, etc.)
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Flutterwave, Paystack
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USDT (Crypto)
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Debit/ATM Cards (Verve, Mastercard)
This makes funding and withdrawals easy for Nigerians without high fees or conversion delays.
Conclusion
For Nigerian traders, the Standard Account is the best all-around option — low deposit, no commission, and wide access to trading instruments. However, if you’re aiming for high-frequency strategies or using expert advisors, the Raw Spread or Pro Account may serve you better.
✅ Ready to open an account? Visit JustMarkets Nigeria Website to get started.