Рубрика: Watch forex trading

Best forex brokers in nigeria coat

best forex brokers in nigeria coat

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Social trading. Regulatory deposit insurance. Islamic accounts swap-free. Accepts Canadian clients. Accepts Japanese clients. Scalping allowed. Spread Betting. Trading API. Trailing stops. Interest on margin. Fixed spread. Variable spread.

Category Forex Brokers. Best Forex Brokers in Nigeria List of the best forex brokers accepting residents of Nigeria in , sorted by user ratings. Verify each broker's regulatory status and how strongly regulated they are. Compare the minimum deposit required to open a CFDs trading account and the maximum leverage available of each broker.

Compare which brokers are offering the availability of cent accounts ideal for forex beginners or traders with low investments , the brokers with availability of Islamic accounts, without rollover fees swap-free , and check out the tradable asset classes including commodities, FX and cryptocurrencies of each broker. Show Filter. Forex Cryptocurrencies Metals.

Found an error? Thank you! Sign Up. Remember Me. Join our mailing list? Receive contest notifications. Forgotten Password. IC Markets. The customer support is very responsive in handling issues and complaints.

They also have WhatsApp text support for traders, but unfortunately, they still don't have a Nigerian number. XM offers no less than 55 forex currency pairs and more than CFD instruments on their platform. XM is one of the more experienced brokers in the world of online forex trading today.

Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and Webinar feature that is accommodated in 19 different languages with 35 native instructors for each language. XM prides itself to be the ideal broker in trading execution, offering a stat of Trading in XM would be also provided with a strict no requotes policy, no virtual dealer plug-in, no rejection of orders, real-time market execution, and the choice for traders to place orders online or by phone.

Spreads on all majors can reach as low as 0. Instead of providing maximum leverage on the scale of or round numbers , XM chooses to limit their leverage on a scale, a unique number that is now widely recognized as XM's trademark. To protect the client's fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection. Traders who open accounts in XM are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1, units.

If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0. For the deposit, XM applies zero-fee deposits in most of its available payment methods. Traders can choose to fund or withdraw their accounts via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay.

XM also provides an Islamic Account for Muslim Traders obligated to Sharia Law that prohibits the use of interest generated by overnight swaps for each currency pairs. All in all, there is no doubt that XM has gone global with its deep commitment to providing trading services in more than 15 languages around the world. Aside from easing traders' experience with mainstream trading platforms and high-quality trading execution, XM is open to various types of traders , from small capital traders to the more experienced ones with big deposits at the ready.

Traders are even provided with a Cent Trading environment should they choose to register under Micro Account. Demo and Islamic accounts are also available across the board. Conveniently, no commission will be charged for any trading account.

One of the notable features in XM is the no requotes policy. Around XM also offers free research tools through its own in-house team of analysts. The interface is quite user-friendly and available across many devices, including PC, mobile, and web. For trading education, you can enjoy live web seminars as well as free training programs to help you improve your trading skills even more.

The broker offers no less than financial CFD instruments including forex currency pairs, shares, indices, energies, metals, and cryptos. The choice of broker is adjusted to the needs of each trader. If you are a trader who only needs a basic platform and trading features with the best attributes, then Exness can be your best choice. Exness covers its lack of feature variations with other advantages like low spreads starting from only 0.

This is very suitable for traders who use scalping strategies Scalper. Spreads on major pairs in certain account types can also be as low as 0. Not only that, but traders can also enjoy other advantages such as an automatic fund withdrawal system. If a trader withdraws funds through the e-Payment facility provided by Exness, the processing time is instant and goes straight into the account.

This means that when traders make a withdrawal, everything happens automatically without human intervention. Exness's ability to become an official partner of the Real Madrid soccer team for 3 years, starting July , also provides evidence that the company has high solidity. Deposits and withdrawals may be made 24 hours a day, 7 days a week.

However, it is important to note that the company shall not be liable for delays in processing deposits and withdrawals if such delays are caused by the payment system. When trading on Exness, transaction fees are not charged to traders. A variety of payment methods are provided for traders, including Wire Transfer, Bank Card, Neteller, Skrill, and many others.

All information displayed on the Exness website is tested and proven. Their business is audited quarterly by Deloitte, which is an audit company for financial services. Moreover, Exness is one of the mote transparent brokers in the online trading industry. Traders can find out all information about this company on the website, such as trading volume, number of active clients, client deposits, company funds, and many more.

This makes it easy for traders when trading on Exness, as they can also access Exness platforms anywhere and anytime. Over the years, Exness has developed into a broker that attracts traders. One measure of client confidence can be put on the trading volume. By December , their clients' monthly trading volume reached USD Through the program offered by Exness, traders also have the opportunity to earn extra income by becoming their partners.

Additional income can also be obtained from Exness Partners. When trading with Exness , profit opportunities generated by traders also increase with VPS hosting services. This feature helps to maintain trading activities to progress smoothly and without interruption in the event of unexpected troubles such as lost internet connection or electricity problems that shut down traders' PCs unanticipatedly. From the review above, it can be concluded that Exness is a favorite broker for traders because of low spreads and flexible account types.

This condition is very suitable for traders with limited funds but is in need of more opportunities to get maximum profit. This broker is also well known for its maximum support on both new and existing partners. Exness has won many awards as a retail broker, mostly because of its reliable services and a comfortable trading environment. The spreads typically start from 0. In addition, the broker offers up-to-date financial news and technical analysis charts to help traders with their trades.

The customer support is also commendable as it opens 24x5 in eight languages and 24x7 in three languages. Some e-wallets have instant withdrawal options. AvaTrade is a well-known global broker and one of the top recommendations in Nigeria.

Although AvaTrade still has no local office in Nigeria in particular, the European broker is widely recognized almost everywhere and has offices in many countries across the globe. They do, however, have a Nigerian phone number for customer support, but the phone and English language chat are only available during their business hours. Avatrade can be called one of the most well-rounded brokers that support almost all trading styles. Not only allowing hedging, scalping, and expert advisor EA , Avatrade also completes their service with One-cancels-the-other order OCO and AutoTrading in many variants of automated trading systems.

AvaTrade was founded in , with the primary mission to empower people to trade with confidence. If traders are still confused about what is the best broker for supporting trader's trading, AvaTrade perchance option of traders, because it has been evaluated and honored for some of the industry's most remarkable financial and technological achievements that it provided to clients.

In , the Dublin-based broker got achievement from Daytrading. Furthermore, for traders who have high mobility, AvaTrade provides many platforms that allow traders to trade using laptops and mobile phones. The availability of the free Autochartist tool in the platforms is the best support for both novice and experienced traders because it makes it easier for them to find trading opportunities without the need to glance at charts all day.

By opening an account in AvaTrade , traders don't have to pay for getting a full Autochartist service. Autochartist itself is a market scanner tool that can detect trading signals from various technical perspectives. In terms of regulation, AvaTrade is regarded as a superior broker because it has a lot of credible licenses. That way, even with deposits of up to ten thousand dollars, security can be guaranteed. Can traders lose more than their deposit abruptly in the event of high volatility?

AvaTrade explicitly answers no, as traders have negative balance protection. With a minimum deposit of USD, AvaTrade offers various leverage depending on the trading instruments; whether it is forex starts from , indices starts from , commodities starts from , ETFs starts from , or cryptocurrencies starts from AvaTrade has committed to a set of values in relation to customers.

Therefore, the company provides the best trading experience, offering multilingual customer service and the most sophisticated and user-friendly trading platform. New traders can also learn forex trading in the Education tab on AvaTrade's official website.

Traders will find a wide collection of articles, video tutorials, and more tools that will assist them every step of the way. It is an important requirement as the forex market might be a bit overwhelming and even scary at times, so traders need to make sure that they are fully prepared to begin trading in the real account.

There are many types of account types provided by AvaTrade. Islamic account type is similar to a regular one with one key difference; it is not subject to any special fees or interests swap-free , which sits well with the finance principles of Sharia Law. If traders have felt confident for forex trading, traders can choose AvaTrade as an ideal choice.

The minimum deposit and various platforms offered to make it a suitable destination for even beginners who would like to try forex trading for the first time. AvaTrade uses a fixed spread system, so the amount will remain the same regardless of the market conditions or the time of the day you are trading.

They give 0. For deposits and withdrawals, AvaTrade charges zero fees. Through the broker's intuitive and simple interface, traders can easily navigate the trading platform. There's also specialized educational content for beginners, as well as multiple trading software like MetaTrader 4 and AvaTradeGo which is an in-house platform. You can also copy trades of experienced traders with automated trading software like ZuluTrade or MQL5. Alpari was founded in and has grown into one of the largest brokers in terms of monthly trading volume.

As one of the oldest brokers in the world, Alpari has done a great job in maintaining its reputation and expanding its business to various countries, including Nigeria. Apart from having a local office in Abuja, Alpari also offers a good trading environment for clients.

They provide a broad range of trading instruments, including forex and CFDs on indices and spot metals, which can be accessed using MetaTrader 4 or MetaTrader 5 trading platforms. Alpari International is one of the largest forex brands. They always try to work hard to make sure traders make the best trading and investment decisions. Established on 24th December , Alpari has started from a small group of men who are looking to start a business in finance in one of the most economically precarious years in Russia's history.

Alpari does not charge any extra commission apart from the spread. In addition, Alpari offers zero fees in all their deposit methods. The customer support is also excellent as it is available 24x5 in Nigeria, so you can reach them whenever you need their help. The broker was founded in and is regulated by ASIC. In this broker, you can trade on more than 10, markets covering forex, cryptos, metals, shares, commodities, and indices. For additional security, FP Markets offers negative balance protection and uses a segregated account for clients' funds.

This broker supports MetaTrader 4 and MetaTrader 5. The account is also typically more suitable for trading in the stock market. As a well-regulated global CFD broker, FBS offers the ability to trade on multiple assets, including forex, metals, indices, stocks, energies, and over 35 cryptocurrencies, which is considered quite a large number compared to other brokers. In addition, the broker also offers a copy trading platform and a free FBS service for clients that fulfill certain requirements.

This broker has been trusted by millions of traders and thousand partners from various countries. Based on their data, FBS garners about 7, new traders and partner accounts every day. No wonder the broker is growing rapidly due to the incredible growth in the number of clients. Clients who want to try higher leverage than that can alternatively register an account under FBS Belize.

In all types of accounts, provided spreads start from 1 pip. On a standard account, volume orders can be made from 0. Therefore, this account is recommended for experienced traders. Whereas on Cent Accounts, volume orders can be carried out with a maximum of cent lots or the equivalent of 5 standard lots. Cent Accounts involve a different level of risk. FBS recommends Cent Accounts for beginner traders. All account types support the following trading tools: 28 currency pairs and 2 metals.

Before plunging into the real forex market, traders can practice with FBS Demo Account which consists of two types, i. These platforms provide a trading experience at traders' fingertips, allowing traders to progress as a trader anywhere at any time. MetaTrader platforms also have a variety of mainstay features, including the possibility to create, buy, and use expert advisors EA and scripts, One-click trading and embedded news, technical analysis tools, the possibility to copy deals from other traders, hedging positions, and VPS service support.

The process of depositing and withdrawing funds can be run easily and quickly. Based on clients' testimonies, each process usually takes no more than hours, except on holidays. If a trader loses funds during a transaction but is insured, FBS will refund the trader's funds. The FBS partnership system provides partner commissions that are already in 3 level positions.

Only by introducing new clients to FBS according to certain procedures, traders can earn extra income. Traders will also get trading education experience at FBS. They have prepared a comprehensive forex course. The course consists of 4 levels: beginner, elementary, intermediate, and experienced. Traders can take courses that will turn them from newbies to professionals. All materials are well-structured.

Besides, FBS provides various forex analyzes, webinars, forex news, and daily market analysis that can be accessed easily on their site. Traders can access the FBS website with many language choices. Of course, this will increasingly provide comfort for traders.

Live chat support is also provided 24 hours 7 days a week. In conclusion, FBS is a widely known broker among retail traders around the world. It continually grows to become a preferred broker because of flexible trading conditions that enable its clients to trade with various instruments, low deposit, and other trading advantages.

There are numerous account types to choose from in order to suit all traders with various degrees of expertise. Also, the trading costs are relatively lower than other ECN brokers. Additionally, the customer service is fast and responsive. The deposit and withdrawal methods are also numerous so clients can choose which payment options are the best for their conditions.

In the fast-growing country of Nigeria, the choice of a broker becomes a crucial thing in forex trading. If you are a Nigerian trader, the first thing that you need to check is whether the broker is safe or not. Regulation by a strict authority can save you from unnecessary trouble as it helps to ensure that the brokers follow their rules and frameworks aimed to protect clients.

Also, it would be helpful to check the broker's reviews before registering so you can get an idea about the broker's real performance as well as the history of dealing with their clients. The side-by-side comparison below might help you in choosing the best broker from the list above:. I just experienced it myself. Hopefully it doesn't happen like this again.

Each broker must have advantages and disadvantages of each. The features are quite complete. However, when you trade for a longer period of time and with more money, you will lose more often. Unreasonable price differences are often the cause of your lose. Arlette Livingston: When a client is submitting a withdrawal, we will have a two-step authentication that will allow the withdrawal to go into Processing, in regards to Client Area access we will have the login information which is sent to your email inbox, upon registration.

If a client feels that their account may be accessed by another individual, our team will be more than happy to investigate this matter for you and ensure that your password information is safe and has been changed, if you wish to do so. To compare the other brokers, you can go to this page and choose brokers that you would like to compare.

An International Relations graduate who's passionate in contemporary global financial issues. Currently active in writing online articles specifically about cryptocurrency, forex, and trading strategies. I do nothing in the meantime. If you can follow these three rules, you may have a chance. If intelligence were the key, there would be a lot more people making money trading. If you don't bet, you can't win. If you lose all your chips, you can't bet. Losers get high from the action; the pros look for the best odds.

They are aware of trading psychology their own feelings and the mass psychology of the markets. They are taking 5 to 10 percent risk, on a trade they should be taking 1 to 2 percent risk on. The most important thing in making money is not letting your losses get out of hand. Not finding what you're looking for in this page?

Or go to one of our top sections if you need any suggestion. Best Forex Brokers in Nigeria. Forex trading is becoming more and more popular in the fast-growing countries like Nigeria. Here are 10 of the best forex brokers for traders in Nigeria.

Forex Trading in Nigeria Trading in Nigeria can be considered quite easy to do. Review Start Trading. Website www. Spread Variable. Established Key Features Extensive Review. Interest rate on funds. Free education. PAMM accounts. MAM accounts. Segregated accounts. Managed accounts.

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Fake Forex Brokers List in Nigeria 2022 - Scam Brokers list in Nigeria

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best forex brokers in nigeria coat

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