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NairaTrader
Details
- Profile details were refreshed
Naira-denominated prop challenges for Nigerian traders: pay a fee in naira, pass an evaluation on a demo account, then trade a funded account for a profit share. It was founded in 2023.
Profiled by ProprietaryTrading.com
Things to know (4)
Independent notes from our review. Many firms have some; check the sources for detail.
Medium (3)
- Headline figures on the site (₦3.1B paid out, 200,000+ traders, "no payout denial") are self-reported and could not be verified. The current domain was registered in Feb 2025, though the brand says it started in 2023 (checked 4 Nov 2026). NairaTrader homepage; RDAP (opens in new tab)
- Some traders report paid accounts marked "expired" after about a week, locked dashboards and unanswered support (Trustpilot and an independent write-up, checked 4 Nov 2026). Trustpilot; ReclaimDC (opens in new tab)
- Trustpilot shows NairaTrader's rating as unavailable for a breach of its guidelines (checked 4 Nov 2026). Trustpilot (opens in new tab)
Low (1)
- The site advertises "No KYC", but its verify page says bank KYC is required before payouts. Evaluations run on an Exness demo account (checked 4 Nov 2026). NairaTrader verify page (opens in new tab)
- Headquarters
- Nigeria
- Founded
- 2023
- Legal entity
- NairaTrader FxHub (Nigeria, CAC RC 8486857, per its About page)
- Funding model
- Evaluation
- Geographic availability
- Worldwide policy not clearly stated
U.S. availability: not confirmed
May suit
traders focused on forex; traders comfortable with an evaluation phase.
Trader rating
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At a glance
Structured facts about this firm
- Firm Type
- Evaluation prop firm
- Market Focus
- Forex
- Trading Style
- Discretionary intraday trading
- Retail Accessibility
- Open to retail traders via evaluation
- Based in
- Nigeria
- Geographic availability
- Worldwide policy not clearly stated
Payout structure
How and when you get paid
Funding programs
Account types and the path to capital
Evaluation
AvailablePass a challenge before receiving a funded account.
Instant funding
—Not offered by this firm.
Scaling plan
—No formal scaling plan documented.
Trading rules
What's allowed, what isn't
Asset classes supported
Related terms: trailing drawdown · consistency rule · profit split
Platforms & technology
Where and how you trade
Supported platforms
NairaTrader FAQs
Based on terms reviewed Nov 4
What should traders verify before choosing NairaTrader?+
Review the specific program's drawdown rules, payout eligibility, prohibited strategies, platform availability, refund terms and any country restrictions before purchasing. Terms can differ between programs at the same firm. This profile summarizes the latest documented terms we found, but traders should confirm the current rules directly with NairaTrader before purchasing.
Does NairaTrader offer evaluation and instant-funding options?+
NairaTrader offers an evaluation (challenge) path. Program rules, fees and payout terms can differ between paths, so confirm the terms of the specific program you intend to buy.
How do NairaTrader's payouts and profit split work?+
The published profit split is up to 70% of net profits to the trader, depending on the program. Payout eligibility begins after the applicable program cycle, and program-specific terms should be confirmed directly with the firm.
Which platforms and markets are available at NairaTrader?+
Platforms: MetaTrader 5 (Exness demo). Markets: forex. Availability can differ by program and by region — confirm on the firm's platform and product pages before purchasing.
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