Apr 21, · The best forex broker for most people is definitely blogger.com or IG. Few online brokers are based in Nigeria, and many Nigerian forex brokers have little or Estimated Reading Time: 8 mins Aug 17, · FXTM is one of the most famous and widely used forex brokers in Nigeria, mainly because it is affordable to trade with them. This broker offers various account types, and all of them can be funded with the local Naira currency. FXTM has a minimum deposit requirement of ₦, which is affordable to most blogger.comted Reading Time: 7 mins May 28, · Nigerian Forex Brokers We have reviewed numerous forex brokers in Nigeria, there are the top 5 brokers which have met our quality guidelines and accept residents of Nigeria. We recommend the following: Vantage FX Vantage FX – This is a well-trusted international broker offering an excellent all-around service to traders. They work hard to provide [ ]Estimated Reading Time: 5 mins
The Most Successful Forex Traders in Nigeria - Top 3
Want to jump straight to the answer? The best forex broker for most people is definitely FOREX. com or IG. Few online brokers are based in Nigeriaand many Nigerian forex brokers have little or no oversight by either the Central Bank of Nigeria CBN or other regulatory agencies. Carefully consider your trading needs before you commit to a forex broker and open a live account.
Get started today with our review of the best forex brokers in Nigeria. The Nigerian currency is not among the top traded currencies listed by the Bank for International Settlements BIS. With respect to the Nigerian financial sector regulation, the Central Bank of Nigeria CBN set forth guidelines for the Nigerian stock market and forex brokers in the Banks and Other Financial Institutions Act BOFIA of Its role is comparable to that of the SEC in the United States.
Whether an online forex broker is based in Nigeria or somewhere else, the best online brokerage should generally have these 11 elements covered:. Another important consideration is the trading software the broker supports. While some brokers offer clients a proprietary trading platform, many provide market access and platforms from 3rd parties such as MetaTrader 4 and 5 from MetaQuotes, as well as cTrader and NinjaTrader. Our recommended brokers are not based in Nigeria, but they have a presence in and accept clients from Nigeria.
Our selection includes brokers based mainly in the U. and Cyprus such as FXTM, FXCM, HotForex and easyMarkets. Most of these maintain an African presence by their offices in South Africa. The list also includes FOREX. com, which has a good reputation as a well-regulated broker based in the United States. The best forex broker will depend on your personal criteria. Check out our l list of some of the top online forex brokerages that allow you to open an account from Nigeria.
OctaFX is a multi-platform trading company, allowing for FX trading in the manner you prefer. You can use MetaTrader 4, MetaTrader 5 and cTrader depending on your comfort level, along with web, desktop, Android and iOS versions of each platform. OctaFX even offers a comparison chart so you know what you get with each trading platform.
Featuring negative balance protection and funds security, OctaFX goes above and beyond with several account levels. Moreover, OctaFX offers an Islamic account with no interest and fixed fees.
With contests, giveaways and a robust referral program, you can earn more simply by using OctaFX over other trading companies. You can even join the CopyTrading program where you copy master traders, thus increasing your net worth, broker that pays forex trader earned money in nigeria. com is ranked as the No. forex broker. The company has oversight from the 2 main U.
financial regulators: the National Futures Association NFA and the Commodities Futures Trading Commission CFTC. It also has oversight from regulators in the U. Accounts at FOREX. The broker lets you trade micro lots if your preference is to start trading with smaller amounts.
It also offers an Islamic account option in addition to keeping client accounts segregated from its own funds. com offers several web-based, desktop and mobile trading platforms, which include the MetaTrader 4 and 5 platforms from MetaQuotes in addition to NinjaTrader. Due to U. restrictions, FOREX. com has a maximum leverage ratio of only available to clients who trade currencies. com Review. eToro is a social trading platform with over 10 million account holders worldwide.
It has provided forex products and more to retail clients for over 10 years. eToro has some impressive features. The most popular include CopyTrader, the Social News Feed and CopyPortfolios. CopyTrader and CopyPortfolio allow you to locate a successful trader and copy their strategy. You can copy up to traders with this feature. With the Social News Feed, broker that pays forex trader earned money in nigeria, trader updates from those in your network can be accessed in a Twitter-like thread.
Traders are able to get alerts based on certain market factors and can discuss markets and their strategies. AvaTrade has been facilitating online trading since and has offices all over the world. It also provides specialized educational content for beginners like its Trading for Beginners section. Avatrade offers multiple trading softwares, including an in-house platform. AvaTradeGO and MetaTrader 4 are available.
And you can copy trades of experienced traders with automated trading softwares like ZuluTrade, broker that pays forex trader earned money in nigeria, DupliTrade or MQL5. If you live in Nigeria, the security of your funds should be top-of-mind as you choose a forex broker.
Make broker that pays forex trader earned money in nigeria that any trading profits you earn can be easily withdrawn upon request. Select a well-regulated broker that keeps segregated accounts for its clients and holds them on deposit with a top tier bank.
Regulation by a strict authority could also save you considerable trouble and money if an issue ever arises with the broker. You must look at the account minimums, margin requirements, oversight and access to forex pairs. comregistered with the Commodity Futures Trading Commission CFTClets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade. Learn more about FOREX. com offers a highly rated platform with mentors who have 80 years of combined experience in the trading pits.
You can access hundreds of educational videos and workshops and even individualized private sessions with mentors. Never trade alone! Join ForexSignals. com now. Read More. Forex trading is an around the clock market. Benzinga provides the essential research to determine the best trading software for you in Benzinga has located the best free Forex charts for tracing the currency value changes.
Let our research help you make your investments. Ready to tackle currency pairs? Benzinga's complete forex trading guide provides simple instructions for beginning forex traders. Learn about forex signals and how to use them. Use our guide to to find the best forex signals providers for Forex trading courses can be the make or break when it comes to investing successfully.
Read and learn from Benzinga's top training options. Disclaimer: Please be advised that foreign currency, stock, and options trading involves a substantial risk of monetary loss. Neither Benzinga nor its staff recommends that you buy, sell, broker that pays forex trader earned money in nigeria, or hold any security. We do not offer investment advice, personalized or otherwise. All information contained on this website is provided as general commentary for informative and entertainment purposes and does not constitute investment advice.
Benzinga will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on this information, whether specifically stated in the above Terms of Service or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation. CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. com is a one-stop shop for forex traders.
With a massive range of tradable currencies, low account minimums and an impressive trading platform, FOREX. com is an excellent choice for brokers searching for a home base for their currency trading.
New traders and seasoned veterans alike will love FOREX. While FOREX. Though Australian and British traders might know eToro for its easy stock and mobile trading, the broker is now expanding into the United States with cryptocurrency trading. traders can begin broker that pays forex trader earned money in nigeria and selling both major cryptocurrencies like Bitcoin and Ethereum as well as smaller names like Tron Coin and Stellar Lumens.
eToro offers traders the opportunity to invest their assets into premade portfolios or cryptocurrencies, similar to services offered by robo-advisors through traditional brokers. CedarFX offers access to a wide range of tradable securities, including stocks, futures, major and exotic forex pairs, cryptocurrencies and more. Though CedarFX could introduce a few additional educational resources, the broker remains a unique option for traders invested in giving back.
IG is a comprehensive forex broker that offers full access to the currency market and support for over 80 currency pairs. The broker only offers forex trading to its U. Though IG could work on its customer service and fees, the broker is an asset broker that pays forex trader earned money in nigeria new forex traders and those who prefer a more streamlined interface.
Pairs Offered Spread From 0.
5 Best Forex Brokers 2021
, time: 7:15Legal Nigerian Forex Brokers - Best Forex Trading Platforms
Apr 21, · The best forex broker for most people is definitely blogger.com or IG. Few online brokers are based in Nigeria, and many Nigerian forex brokers have little or Estimated Reading Time: 8 mins May 28, · Nigerian Forex Brokers We have reviewed numerous forex brokers in Nigeria, there are the top 5 brokers which have met our quality guidelines and accept residents of Nigeria. We recommend the following: Vantage FX Vantage FX – This is a well-trusted international broker offering an excellent all-around service to traders. They work hard to provide [ ]Estimated Reading Time: 5 mins Aug 17, · FXTM is one of the most famous and widely used forex brokers in Nigeria, mainly because it is affordable to trade with them. This broker offers various account types, and all of them can be funded with the local Naira currency. FXTM has a minimum deposit requirement of ₦, which is affordable to most blogger.comted Reading Time: 7 mins
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