The 10 Richest Forex Traders in Nigeria

In one of our posts on how to make money online, we shared how to start trading forex in Nigeria. In the article, we shared everything you need to know about forex trading and how you can make profits as a beginner trader. In this post, we will be going a step further by sharing with you the richest forex traders in Nigeria.

We are doing this to prove that there are Nigerians that are really making millions from trading forex no matter how hard the economy is. These rich Nigerians have not just been able to create wealth reaching millions of dollars, these people have become entrepreneurs in one way or the other so that they can invest their proceeds wisely to make more money.

Top 10 Richest Forex Traders in Nigeria

Below is the list of the richest forex traders in Nigeria as of today.

1. Damilare Ogundare (HabbyFX): $15 Million

HabbyFX started his Forex trading career in 2016, and since then, he has made an indelible mark in the financial market trading sector, making him the youngest and richest Forex trader in Nigeria. HabbyFX’s success in the Forex market is due to his deep knowledge and understanding of the financial market, which he gained through years of study and trading experience.

He has to his credit over 10,000 students whom he teaches in Forex classes both online and offline, many of whom are now millionaires thanks to the knowledge acquired from HabbyFX. He is the CEO and Co-founder of the biggest prop firm in Africa, Consummate Traders. He is also the CEO of the biggest Forex Trading Institution in Nigeria, Habby Forex Trading Academy.

Apart from his achievements in the Forex market, HabbyFX has also invested in several real estate properties across the country. Additionally, he owns a 2020 Lamborghini Urus, 2021 Mercedes Benz CLA45, Chevrolet Camaro, and a Range Rover. In 2022, he was honored by the Economic Community of West African States (ECOWAS) as their Youth Ambassador for his outstanding achievements and contributions to the development of Nigerian youth.

With proven records of several live trades and over $600,000 withdrawal on his Instagram live streams within a month, which no other trader has, HabbyFX is undoubtedly the Richest Forex Trader in Nigeria with a net worth of over 15 million dollars.

2. Jeffrey Benson: $10 Million

Jeffrey Benson is a Nigerian professional forex trader, founder of Firepips, and co-founder of the forex proprietary firm ‘Consummate Trader’. In 2017, Jeffrey got into Forex Trading and has made millions of dollars since then.

Due to his dedication to helping youths achieve financial freedom legally, he founded of Firepips Company Limited, a popular forex academy dedicated to assisting novice and proficient forex traders in enhancing their trading skills and making more informed trades.

With the unique technical trading knowledge Jeffrey provides through Firepips, he has helped thousands of Nigerian youths become millionaires from scratch. Jeffrey Benson also owns several real estate properties around the country and a range of luxurious cars, the latest of which are the 2022 Range Rover Velar and the 2021 Mercedes Benz CLA45.

With proven records of him trading live with his students and also on Instagram Live streams, Jeffrey recently challenged himself to trade a 1 million dollar account for a period of 1 month, during which he made $818,941.75 in profit and withdrew $810,000. Jeffrey Benson is undoubtedly the second richest forex trader in Nigeria with a net worth of over 10 million dollars.

3. Uche Paragon: $5 Million

Uche Paragon is a forex and commodities trader, a portfolio and risk manager, a tech influencer, and an entrepreneur. He is the richest forex trader in Nigeria with an estimated net worth of $5 million. He is the CEO of two prestigious institutions specializing in foreign exchange trading in Nigeria. Forex is a complex and risky trading system.

However, with patience and consistency in no time, one will definitely make money from it. The decision and dedication of Uche is the reason why he was able to create wealth in the forex market. Uche owns a trading business known as CCI Traders. He is into the oil business. He actually started his forex trading career in 2007 through an informal search online.

And as time went by he also attended numerous trading trainings and seminars to develop his trading skills. The advert he saw from XM Forex brokers offering a $30 bonus deposit for new traders in Nigeria further gave him the potential sh to give it a try.

4. Dapo Willis: $5 Million

Dapo Willis is a professional Nigerian forex trader and a content creator on YouTube. He is a young millionaire based in Dubai. He is also a finance coach, technical analyst, and keynote speaker that has turned the lives of thousands of forex traders into money-makers. Dapo’s special trading skills caught the attention of Aliko Dangote and other African billionaires.

He has recognition today due to his success in trading forex in a unique way. Due to his consistency in trading Dapo’s net worth is estimated at $5 million. Dapo Willis was born in Lagos state, Nigeria. He began trading forex at the age of 19 and he made his first million at the age of 25 at age 28, he was already an established self-made millionaire.

5. Ejimi Adegbeye: $1.5 Million

Ejimi Adegbeye is a pastor who is a chartered wealth manager, ex-bank trader, and most of all a professional forex coach. He is known for practicing different strategies on how to invest smarter and earn faster through the trading of forex.

Ejimi offers effective teaching on forex trading and he shows undistinguished dedication to helping others achieve success in their trading careers. All these have made him one of the most influential men in Nigeria.

As a professional forex coach, Ejimi authored two ebooks titled:

I. The Millionaire Forex Trader

II. What I Learned After 10000 Hours of Trading

These books so far have helped many beginners on how to trade forex. Ejimi makes a steady income as a forex trader and he teaches Christians that are willing to learn wealth creation ideas and strategies. As of recently, his net worth was estimated to be around $1.5 million.

6. Sandile Shezi: $1.3 Million

Sandile Shezi is of Nigerian decent. However, he is a South African businessman. He once borrowed and used his tuition fees at the university to join the currency market. Sandile has made profits from trading despite having no prior trading experience. He traded currencies and stocks.

Sandile regarded George Van der Riet as his mentor and he followed him because he had been in the market for 15 years. He has spent a reasonable amount of time studying forex terminologies and risk management systems. As of now, he has devoted his time to helping everyone interested in trading forex.

Sandile’s profits in the market are contributed to his consistency and resilience and he has a proven track record.

7. Patrick Ogagbor: $600,000

Patrick Ogagbor was an ex-banker before becoming a full-time forex trader. Asides from this, he also makes money by teachers inspiring traders on how to trade. In 2003 he started trading forex with a capital of $200 and by 2007 he had grown the capital to $5,000. He is one of the most successful traders in Nigeria due to his patience and resilience.

Ogagbor has the ability to manage risk and he has a competitive edge. He only joins a transaction only when it meets his criteria. His net worth is estimated at $600,000.

8. Benjamin Ilesani Ajimoko $400,000

Ajimoko is a Nigerian forex trader who got famous for achieving success through his disciplined approach to the forex market. He is known as the “Forex Gump” as he has the ability to identify key trends and patterns in the market.

Ajimoko started as a part-time forex trader and forex trading instructor in 2001. And today his net worth is estimated at around $400,000.

9. Chinedu Onuoha: $280,000

Onuoha is a Nigerian forex trader with technical analysis skills due to his ability to identify notable trends and patterns in the market. After becoming a successful forex trader he went into stocks, commodities, and futures. He understands risk management as regards forex trading.

He has trading experience of over 12 years. Today, he is well known as a forex trading mentor.

10. Bade Ajidahun Afioluwa: $22,000

Bade started in 2005, he started with several setbacks and a gambling attitude which resulted in several losses. But despite his unprofitable beginning and he has risen to a significant level in his forex trading career having tested all forex trading strategies.

Although his net worth is the smallest this is still a significant money today especially due to the high exchange rates in Nigeria.

Conclusion

Forex trading is a lucrative business to venture into if you have some money set aside that you can afford to lose because the more mistakes you learn in trading the more knowledge you gain about the market. However, it takes years before you can become a professional just like trading crypto.

What do you think about the rich list? Share your thoughts in the comment below.

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