Who Is Habby Forex? Damilare Ogundare’s Story, Net Worth, and Trading Academy

If you’ve spent any time around Nigerian forex trading content on Instagram or YouTube, you’ve likely come across the name Habby Forex.

He’s become one of the most recognizable faces in Nigeria’s retail trading and forex-education scene — but a lot of what circulates about him online is repeated without checking, especially around his net worth. Here’s what’s actually documented.

Who Is Habby Forex?

Habby Forex, real name Damilare Ogundare, is a Nigerian forex trader and educator born on March 18, 2001, in Osun State, Nigeria. He reportedly began trading around 2016, while still a student, and later attended the University of Lagos (UNILAG).

Over the following years he built a public profile as a trading educator rather than staying a purely private trader — a path that’s become common among successful young African forex traders, since education and mentorship products scale in a way individual trading gains don’t.

The Habby Forex Trading Academy

His main venture is the Habby Forex Trading Academy, which offers mentorship and structured training for aspiring traders, both online and in physical locations including Lagos.

Reported course content emphasizes technical approaches like Smart Money Concepts and risk management. Multiple sources describe the academy as having trained a large number of students over the years, though exact enrollment figures vary by source and aren’t independently verified.

He’s also been recognized publicly beyond trading — he was named an ECOWAS Youth Ambassador in 2022, which is often cited alongside his trading credentials in profile pieces about him.

How Much Is Habby Forex Actually Worth?

This is where a lot of online content gets sloppy, so it’s worth being precise. Various unofficial sources estimate his net worth somewhere in the $5–10 million range, and he’s frequently described online as one of Nigeria’s richest young forex traders. However:

• No audited financial statement or recognized authority (Forbes or similar) has published a verified figure
• He does not appear on any established rich-list
• The widely repeated numbers trace back to entertainment/news sites rather than financial disclosures

The accurate way to frame this for readers: his net worth is estimated and unverified, not confirmed. Repeating a specific dollar figure as fact — which a lot of existing content does — isn’t something a careful publisher should do without a real source behind it.

Controversy

Like many high-visibility trading educators, Habby Forex hasn’t been free of public disputes. In 2025, he was publicly accused by an investor of mismanaging approximately $111,000, a claim he denied.

He’s also faced criticism online regarding the consistency of his paid trading signals — a common friction point in the broader signal-selling and mentorship space, where outcomes are hard for outside parties to verify.

None of this is presented here as a verdict on either side — it’s simply part of the public record around him, and any honest profile should include it rather than only the highlight-reel version that appears in most existing bios.

What His Story Reflects About Nigeria’s Forex Scene

Whatever the specifics of his numbers, Habby Forex’s rise reflects a broader trend: forex trading and trading education have become one of the most visible paths to financial aspiration among young Nigerians.

Partly because it requires no formal credentials or large starting capital, and partly because trading-lifestyle content performs extremely well on social media. That combination has produced a wave of trader-influencers — Habby Forex is simply one of the most prominent.

For readers considering trading education from any influencer-led academy (his or otherwise), a few basic checks are worth doing regardless of how established the person appears:

• Whether the academy discloses realistic outcomes (most traders lose money — reputable education acknowledges this rather than only showcasing wins)
• Whether trading signals or strategies come with any track record you can independently verify, rather than screenshots alone
• Whether any broker partnerships mentioned are actually regulated in the jurisdiction you’d be trading from

 

Bottom Line

Habby Forex (Damilare Ogundare) is a genuinely well-known figure in Nigeria’s forex education space, with a real academy and a public following built over nearly a decade.

But the specific net-worth figures attached to his name are unverified estimates, not confirmed fact, and his public record includes real disputes alongside the success story.

A useful profile — and a useful decision if you’re considering his academy — treats both sides as part of the picture, not just the highlight reel.

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This article is based on publicly available reporting and has not been independently verified with Damilare Ogundare or Habby Forex Trading Academy. Figures described as estimates should be treated as such.