Top 10 Richest Forex Traders in Nigeria and Their Net Worth

One of the questions that we frequently hear from aspiring forex traders in Nigeria is whether it is possible to get rich trading forex online. More often than not, these enthusiastic forex traders want to see real life examples of fellow Nigerians who have made it in life to the extent of becoming millionaires from trading forex.

There are many successful Forex traders in Nigeria. However, due to the nature of this business, it is difficult to determine who is the richest Forex trader in Nigeria. Many of them keep their business activities secret and do not reveal their earnings or profits.

Many of the richest forex traders in Nigeria got their start in trading by learning from others who have already achieved success. They then leveraged that knowledge to build their own fortunes through trading. There are many sources of information and education on trading available today, and those who are willing to put in the hard work stand the best chance of becoming successful traders.

Hopefully, these stories of forex traders in Nigeria will inspire out to take action today. As you read them, kindly consider opening demo or even real trading accounts with the recommended forex brokers.

Richest Forex Traders in Nigeria and Their Net Worth

We went out of our way to schedule interviews with some of the richest forex traders in Nigeria. We wanted to know their net worth and their secret to consistently making money with forex trading.

One theme that kept recurring as we interviewed these successful forex traders was the choice of a broker and the initial minimum deposit required to start trading. Out of the 7 successful forex traders that we interviewed, 5 of them highly recommended trading with ECN brokers like LiteFinance.

But first of all, you might want to know who these lucky persons are, and so, without further a do, here is a list of the most successful forex traders in Nigeria

Richest Forex Traders in Nigeria and Their Net Worth

1. Habby Forex
2. Uche Paragon
3. Bade Ajidahun Afioula
4. Olufukeji Ejimi Adegbeye 
5. Blessing Ezeako – Richest Female forex trader in Nigeria
6. Benjamin Ilesani
7. Chinedu Onuoha
8. Patrick Ogagbor
9. Sandile Shezi

2. Uche Paragon – Richest Millionaire Forex Trader in Nigeria

Uche Paragon is a well-known name in the Nigerian online forex industry and needs no introduction to people who frequent forex trading forums and seminars across the country. He’s also known for his love of expensive cars.

Uche has been in the industry since 2007 and has made a fortune since then. He stumbled into the lucratve world of forex trading almost by accident. When he was looking for the best ways to make money online, Uche came across an advert by XM Forex brokers offering $30 No Deposit Bonus for new traders in Nigeria.

His interest was piqued. But it wouldn’t be easy for the young man to make money in this industry. Uche soon realized that without proper skills, he’d only continue to lose his money. He dedicated time and effort to learning how to properly trade forex, and his persistence finally paid off.

As of this minute, Uche Paragon has an estimated net worth of $16 million, making him one of the richest forex traders in Nigeria.

He prefers to trade oil since it is one of the most volatile commodities in the market, and there is never shortage of news to cause the price of oil to change every other day.

However, his journey to where he stands has not always been easy. In fact, at the time Uche Paragon was venturing into the online forex trading industry in 2007, there was little information on the subject, and very few mentors for that matter.

Also Read: Uche Paragon Net Worth

3. Dapo Willis

Dapo Willis is nothing short of a phenomenon in the Nigerian Forex trading scene. At just 29 years old, he has amassed over 11 years of trading experience, gaining a net worth of $10 million. Starting his journey at the tender age of 17 in Nigeria, Dapo hit his first million by 25 and now resides in the global financial hub of Dubai.

But trading isn’t his only forte; Dapo is also a YouTube content creator, keynote speaker, and technical analyst. He has a unique ability to simplify complex trading concepts, making him a popular figure in the educational space. As a speaker, he graces various national and international stages, sharing actionable insights and motivating aspiring traders.

His entrepreneurial spirit doesn’t stop there; he manages funds for high-net-worth individuals, including Africa’s richest man, Aliko Dangote. His diversified income streams come from various lucrative endorsement deals with top firms in Nigeria, as well as from a range of investments in sectors like tech and real estate.

Dapo lives a life that many can only dream of. His luxury car collection features brands like Mercedes Benz, Range Rover Sports, and G-Wagon, and he owns several homes that are architectural marvels. Despite the opulence, his core message to traders remains constant: success is attainable with dedication, strategy, and the right tools.

If you’re looking to follow in his footsteps, choosing a reliable Forex trading platform is crucial. Dapo’s success serves as a testament to the power of having the right technology and resources at your disposal, laying the foundation for a profitable and secure trading journey.

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4. Bade Ajidahun Afioluwa

However, like every other trader on our list of profitable forex traders in Nigeria, Ajidahun did not find success easily or quickly. He had to perceiver loss after loss. Only determination and belief that he would ultimately find success kept him going.

Ajidahun studied and tested many forex trading strategies before finally finding the one that worked for him. His advice to beginner forex traders is to never give up and keep learning.

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5. Ejimi Adegbeye 

Ejimi  Adegbeye is a Nigerian Forex trader with an estimated net worth of $5 million. He started trading at the age of 19 and has since become one of the most successful traders in Nigeria. In 2012, he won the prestigious African Trader of the Year award, and in 2016 he was named one of Africa’s 50 Most Influential People.

Ejimi attributes his success to his strict discipline and risk management techniques. He has never lost money on a trade and only invests a small percentage of his capital in any given trade. This conservative approach has helped him to weather the market volatility that has plagued other traders over the years.

What sets Ejimi apart from other forex traders in Nigeria is his unique approach to trading. He doesn’t rely on technical indicators or fundamental analysis to make decisions; instead, he uses price action to trade the markets. This makes him a very successful trader, as price action is one of the most reliable indicators of future market direction.

✅ Must Read: Ejimi Adegbeye Net Worth

6. Blessing Ezeako – Best Female Forex Trader in Nigeria

Blessing Ezeako Net Worth

Blessing Ezeako has an estimated net worth of $200,000. She has made most of her wealth in the forex industry. She says that proper risk management and goal setting as some of the best character traits for people who want to become successful forex traders in Nigeria.

Also Read: Blessing Ezeako Net Worth in Dollars

Blessing is always willing to share her forex trading knowledge and insights with others, and she frequently offers free training sessions and webinars. She also writes extensively about Forex trading on her blog, and her articles are always well-informed and full of useful information.

If you’re interested in learning more about Forex trading in Nigeria, or if you just want to hear from one of the best in the business, then be sure to check out Blessing Ezeako’s work. You won’t be disappointed.

7. Jeffrey Benson

Jeffrey Benson isn’t just another name in the crowded space of Forex trading; he’s one of the richest forex traders in Nigeria. His estimated net worth varies between $1.5 million and $10 million, a testament to his mastery in trading, which he started in in 2017.

One of the most important aspects that sets Benson apart from other forex traders in Nigeria is his psychological approach to trading. With a high-risk tolerance and emotional resilience, he’s crafted a mindset conducive to long-term success. His commitment to self-discipline ensures that he remains consistent in a notoriously volatile market.

His trading strategy is a versatile mix of technical analysis, market indicators, and instinctual decision-making. He uses forex charts, trend lines, and market indicators like moving averages and Fibonacci retracements to make informed trading decisions. His risk management measures are also impeccable, serving as a safety net for his high-stakes plays.

Jeffrey’s influence extends beyond his trading accounts. With a YouTube channel amassing over 188K subscribers and a website offering comprehensive forex trading courses, he also contributes to the growth of the Forex community in Nigeria.

Jeffrey Benson’s life and trading style offer both inspiration and a challenge to aspiring forex traders in Nigeria

8. Kojo Forex

Though not Nigerian himself, Kojo Forex, hailing from neighboring Ghana, serves as an inspirational figure for forex traders not only in his home country but also in Nigeria. With a net worth of $2 million as of 2023, Kojo Forex is one of the richest forex traders in Africa.

Kojo started his trading journey in 2016 after completing a 4-year accountancy degree. He invested long hours in studying market trends, analyzing charts, and honing trading strategies until he started reaping consistent profits.

As his trading career took off, Kojo decided to give back by founding the Kojoforex Academy. Through this platform, he has offered premium online forex education and provided real-world trading opportunities via a prop firm trading desk. His hands-on approach to teaching has made the academy a highly respected learning center for forex trading in Africa.

Kojo Forex’s success story is a vivid example of how forex trading can offer a path to financial independence. His journey is filled with trials and tribulations that he overcame through continuous learning and adaptability. His belief that anyone, regardless of background, can succeed in forex trading is both empowering and motivating for upcoming traders in Nigeria.

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How to Become a Successful Forex Trader in Nigeria

I have come to the conclusion that the only way any trader has a chance to become one of the richest forex traders in Nigeria or even just what they think is ‘great’, is having a pretty good trading strategy with a great risk to reward ratio on EVERY TRADE. 

You have to look at it in large numbers, not just how well you do after 10 trades but how well you do after 1,000 trades. 

When you have a 1:2.5 Risk-Reward ratio, and you just hit 50/50 of your trades…YOU ARE A PROFITABLE TRADER!  But if you doing the opposite and taking on trades with R:R at 2.5:1, you are doomed to having, at best, a break-even career in front of you. 

If you are getting 60% winners, you are doing something great in your trading.  Remember if you are trading and consistently making more on your winners than lose on your losers, you are in the 5% of the most successful forex traders in the world.  This is just one thing every Great Trader had in common, great R:R implemented in their trading strategies, so why shouldn’t we all be doing this? 

Here are 7 rules to follow for profitable forex trading in Nigeria

1. The 1% Rule! Never trade with more than 1% of your capital. For example, if you have a £10,000 account and take £100 (1%), then simply divide that by your reward:risk ratio (this can either be 2:1 or 3:1).

2. Control Your Emotions Greed & Fear drive the markets, so setting targets with a clear mind, will help you to not be influenced in making decisions purely based on your gut instinct, but rather on calculated risk, which is a good thing!

3. Learn From Your Mistakes It is very important to keep a diary to log your trades as well as your emotions in terms of how you reacted which may have caused you to make an error. This can simply consist of a few comments next to your figures not forgetting to include time & date of trade.

4. Learn From The Best! There are a number of courses and experienced pro traders like myself out there, who offer complimentary advice, tips & data to help you learn and achieve. I once had a trading coach who believed that knowledge really was power and shared the same philosophy that if you have the know, there is enough money in the world for all to live comfortably, so why not you?

5. “Money Money Money!” Don’t think how much you can make, instead seriously consider how much you’re prepared to lose before entering any trade. This will then also help keep your emotions in check and enable you to better focus so you’re not surprised if you lose. Think like I do, I calculate my risk then pretend like I’ve already lost it! Also, see why many forex traders in Nigerial lose money.

6. Think Big, Think Bigger, Start Small Like everyone who starts out trading, setting goals/targets is a must to give you something to aim for. You, however, can easily get over excited about the potential for financial freedom in terms of how much you can make to buy all your materialistic goodies and provide for your family and although there is nothing really wrong with that, it just comes back to controlling your emotions and staying focused. So, stick to your rules and above all, be patient as this is one of the single most important factors to trading. Amateur traders try and trade everything due to boredom, whereas the pros will sit on their hands and wait for the best of the best opportunities and make a killing, often in less time it takes to make dinner!

7. “Plan Your Trade, Trade Your Plan.” Finally, what I mean by this, is discover a set of profitable strategies/techniques and master them. This will incorporate all of the above rules for you to stick to and not deviate from. Once you implement these best practices, there should be nothing to stop you achieving your financial goal!

? Trader’s Name	?️ Trader Since	? Net Worth	?️ Forex Broker
Uche Paragon	2007	$16 to $20 Million	HF Markets
Bade Ajidahun Afioluwa	2005	$220,000	OctaFx
Blessing Ezeako	2010	$200,000	FBS
Ejimi Adegbeye	2010	$5 Million	HF Markets
Chinedu Onuoha	2011	$280,00	Roboforex
Patrick Ogagbor	2003	$600,000	HF Markets
Benjamin Ilesani Ajimoko	2001	$400,000	FBS
Habby Forex			FBS
Sandile Shezi	2015	$1.3 million	OctaFx