# Naira Trader — rules, pricing and payouts > Naira Trader — proprietary trading firm tracked by Prop Firm Pal. **Source:** https://propfirmpal.com/firms/unverified/naira-trader **Generated:** 2026-10-12 **Publisher:** Prop Firm Pal — independent prop firm comparison _Prop Firm Pal earns affiliate commission from some listed firms. This is disclosed on-site and does not affect the computed ranking order._ --- ## Key terms | Field | Value | | --- | --- | | Verification | Listed, not verified | | Community rating | no reviews yet | | Evaluation types | not published | | Cost to a $100,000 funded account | not published | | Cheapest entry price | not published | | Instant funding | not offered | | Account sizes | not published | | Maximum profit split | not published | | Phase 1 profit target | not published | | Daily drawdown | not published | | Maximum drawdown | not published | | Platforms | not published | | Instruments | not published | | Payment methods | not published | | Payout methods | not published | ## Is Naira Trader legit? Prop Firm Pal has not verified Naira Trader, so this is not an endorsement: it is what the record shows. Its own pages give its location as Akute, Ifo, Ogun State. Its website has been active in Prop Firm Pal's monthly traffic record since June 2026, and traffic over the last three months is growing fast. | Record | What we hold | | --- | --- | | Headquarters | Akute, Ifo, Ogun State | | In our traffic record | Since June 2026 (4 months) | | Traffic, last three months | Growing fast (+243% to September 2026) | - Headquarters: "42, Magnus Martins Street, Akute, Ifo Ogun State" — https://nairatrader.ng/contact ## What this firm publishes Naira Trader describes itself as the first naira-based prop firm: its funded accounts are priced and sized in Nigerian naira rather than US dollars. It runs a 2-step challenge model it calls 2 step Scale Up, in two versions. Trade Everything Tradable covers all symbols, while Currencies and Metal Only restricts the symbols you can trade. Both come in account sizes of ₦1.5M, ₦3M, ₦6M and ₦9M, and trading is on MetaTrader 5 (desktop, web and mobile). On its accounts page, the ₦1.5M account shows a ₦150k profit target, a ₦75k evaluation drawdown and a ₦75k funded drawdown, across 2 phases. The rules page adds two limits that can catch traders out: a maximum of 5 inactivity days, and a limit of 5 on 1–2 minute scalping, which the page does not explain further. On its homepage, Naira Trader lists no consistency rule and says weekend holding is allowed. The pages read say nothing on news trading, EAs, copy trading, hedging, minimum trading days or a time limit. The accounts page lists rewards at 70%, a profit split that is the only published figure on getting paid. The ₦1.5M challenge is priced at ₦5k and paid by bank transfer. Account resets are offered, and the registration fee is listed as refundable, but neither the reset price nor the refund conditions are stated. Prices for the ₦3M, ₦6M and ₦9M accounts were not found on the pages read, and neither were the payout frequency, the minimum payout or the payout methods. The firm names Ben Oyeyemi as founder and CEO, gives an office address in Akute, Ifo, Ogun State, and takes support through tickets, Discord and Telegram. _Compiled from Naira Trader's own published pages, retrieved 2026-09-14. Not independently verified by Prop Firm Pal._ | Field | Value | Source | | --- | --- | --- | | headquarters | Akute, Ifo, Ogun State | [published page](https://nairatrader.ng/contact) | | founders | Ben Oyeyemi | [published page](https://nairatrader.ng/) | | ceo | Ben Oyeyemi | [published page](https://nairatrader.ng/) | | platforms | MetaTrader 5 | [published page](https://nairatrader.ng/accounts) | | paymentMethods | Bank transfer | [published page](https://nairatrader.ng/accounts) | | maxProfitSplitPercent | 70 | [published page](https://nairatrader.ng/accounts) | | positioning | The first naira-based prop firm | [published page](https://nairatrader.ng/) | | accountCurrencies | NGN | [published page](https://nairatrader.ng/) | | resetPolicy | Account reset is offered; the price and conditions are not stated | [published page](https://nairatrader.ng/accounts) | | refundPolicy | The registration fee is listed as refundable; the conditions are not stated | [published page](https://nairatrader.ng/accounts) | | inactivityPolicy | A maximum of 5 inactivity days | [published page](https://nairatrader.ng/rules) | | supportChannels | Support tickets, Discord, Telegram | [published page](https://nairatrader.ng/contact) | | rules | [object Object], [object Object], [object Object], [object Object], [object Object], [object Object], [object Object], [object Object], [object Object], [object | — | | plans | 1 plans | [published page](https://nairatrader.ng/accounts) | ## Frequently asked questions ### What is Naira Trader's profit split? Naira Trader's accounts page lists rewards at 70%. The pages read give no payout frequency, minimum payout or payout method. ### How much does a Naira Trader challenge cost? The ₦1.5M Naira Trader challenge costs ₦5k, paid by bank transfer. Prices for the ₦3M, ₦6M and ₦9M accounts were not found on the pages read. ### What account sizes does Naira Trader offer? Naira Trader offers accounts of ₦1.5M, ₦3M, ₦6M and ₦9M, all in naira. Each size comes in two challenge versions: Trade Everything Tradable (all symbols) or Currencies and Metal Only (restricted symbols). ### What are the Naira Trader challenge rules? The Naira Trader challenge has 2 phases, and the ₦1.5M account shows a ₦150k profit target with a ₦75k evaluation drawdown and a ₦75k funded drawdown. Its rules page also sets a maximum of 5 inactivity days and a limit of 5 on 1–2 minute scalping. ### Does Naira Trader have a consistency rule? No. Naira Trader's homepage says there is no consistency rule and that weekend holding is allowed. ### Does Naira Trader allow news trading and EAs? Naira Trader does not say on the pages read. Beyond a limit of 5 on 1–2 minute scalping, no rules on news trading, EAs, copy trading or hedging were found. ### Does Naira Trader refund the challenge fee? Naira Trader lists the registration fee as refundable, but does not say when or on what conditions. It also lists account resets as available, with no reset price published. ### What platform does Naira Trader use? Naira Trader accounts trade on MetaTrader 5, on desktop, web and mobile. ### Is Naira Trader legit? Naira Trader names Ben Oyeyemi as founder and CEO and publishes an office address in Akute, Ifo, Ogun State, plus support through tickets, Discord and Telegram. No legal entity name, financial licence, or terms and conditions page was found on the pages read. ## Related pages - [Naira Trader rules](https://propfirmpal.com/firms/unverified/naira-trader/rules) — markdown: https://propfirmpal.com/firms/unverified/naira-trader/rules.md - [All prop firms compared](https://propfirmpal.com/best-prop-firms) - [Naira Trader alternatives](https://propfirmpal.com/alternatives/naira-trader) - [Naira Trader web traffic history](https://propfirmpal.com/firms/unverified/naira-trader/traffic)