Score 30% discount on your first account
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It is valid for a new customer. Must apply a code.
Expires: No Expires
Submitted: 3 months ago
Instant 20% off on 200K or more evaluations (First 250 people)
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It is first come first serve base offer. Make sure to get before it’s gone.
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Submitted: 3 months ago
Enjoy ₦10,000 off on larger NairaTrader plans
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Valid for higher tier accounts like the ₦800,000 and ₦1,500,000 plans.
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Submitted: 3 months ago
Quick half off for the first 50 entries only
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Go ahead and apply this code to slash the price by 50% off.
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Submitted: 3 months ago
Which's the best month to shop at NairaTrader?
4 codes, up to 30% off in July Live
We have tracked NairaTrader's historical data for the years, so you know when to save maximum.
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All full look of the company
Headquartered in Ikeja, Lagos, NairaTrader is the first Naira-denominated prop trading firm. It was started with the mission to help the killed Nigerian forex traders to give an access to funded accounts. That too at some of the lowest entry prices in the industry. The platform was founded in 2022 by Ben Oyeyemi and uses Exness as their brokerage partner. NairaTrader follows the full transparency need the KYC verification before the first withdrawal.
Key reasons to choose NairaTrader:
- Supports MT5 terminal and available on Android, iPhone/iPad, and Windows.
- No consistency rule, no minimum trading days, and no lot size restrictions.
- News trading, martingale, and multiple strategies are all allowed.
- Naira-based pricing means no dollar conversion fees.
- No daily loss limit means very less chances of ending your account.
Available accounts and pricing
NairaTrader works on the two phase evaluation model. There are only two trading rules to follow. The traders need to pay buy an account at the set price and follow the profit target on each phases to be a funded.
| Account Size (₦) | Entry Fee (₦) | Approx. USD Equivalent |
| ₦200,000 | ₦8,999 – ₦9,500 | ~$5.50 – $5.80 |
| ₦400,000 | ₦18,500 | ~$11.30 |
| ₦800,000 | ₦36,000 | ~$22.00 |
| ₦1,500,000 | Available (pricing varies) | Varies |
- Trustpilot: 3.2 out of 5 from 180 reviews
- Evaluation phases: 2 phases before funded stage
- Profit target: 10% per phase
- Drawdown: 20% maximum
- Payout speed: Processed within 24 hours to trader’s bank
- Quick Cash Out: Available — if your account is in overall profit
- Inactivity rule: The ideal accounts for up to 5 days would be automatically removed by the broker
Common questions and answers
Can I apply promos for free retake from NairaTrader.is?
As of Thursday, there is no any ongoing codes for retake. You must purchase the new challenge at the retail price. You can try any other saving options but it won’t completely remove the fees.
Do vouchers alter the NairaTrader challenge rules?
No, not at all. The deals you see are only to reduce your spending at NairaTrader. It has nothing to do with the challenge rules. You still need to follow their required norms to be eligible for the payouts.
Does NairaTrader refund if I fail?
All the sales are final once the accounts are delivered and activated. You must follow the rules and if fail, then the account will be deactivated immediately. NairaTrader hardly refund the money.
Is it possible to invite friends to earn free evaluations?
It is nice idea. However, the platform does not operate any referral program. You can become their affiliate if planning to send multiple friends. It will help to earn some commissions. Later, you can use it as discount for your next order.
Our editorial process for NairaTrader
Every codes on this page is manually tested at NairaTrader’s checkout before it goes live here. If something stops working in between, then please let us know — we would re-test the same day and update the page accordingly.
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