NairaTrader
Naira-Denominated- Headquarters
- Ikeja, Lagos, Nigeria
- Last reviewed
- August 2026
- 4.0
- Trustpilot
Firm details
Lagos-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.
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.
- Headquarters
- Ikeja, Lagos, Nigeria
Instruments and assets
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
Consistency rules
—
Firm rules
- News tradingProhibited
- Positions may not be opened or held through high-impact news releases.
- Weekend tradesProhibited
- All positions must be closed before the weekend break.
- Bots and expert advisorsProhibited
- Automated strategies and expert advisors are not permitted.
- Copy tradingProhibited
- Copying another trader's account is prohibited.
- Minimum trading days
- — of activity are required before the evaluation can be passed.
Payout policy
- Profit split
- 70%
- Payout cycle
- On-demand
- Max allocation
- ₦6,000,000
- Consistency rule
- —
NairaTrader challenges & pricing
Per-account-size pricing for NairaTrader is not in our dataset yet — these are the programme-level terms. Confirm the exact plan on the official site before purchasing.
- Challenge types
- 2-Step, Instant Funding
- Price from
- ₦8,900
- Profit split
- 70%
- Max allocation
- ₦6,000,000
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Disclaimer
Figures on this page describe a simulated-trading evaluation product and are not an offer of investment services or financial advice. Pricing, drawdown limits and payout terms change without notice — confirm the exact plan on NairaTrader's own site before you buy. Profile data sourced from fxpropsignal.com.