4/29/ · XM Forex is another broker that we definitely recommend to new Nigerian traders. If you are looking for a brokers that is regulated, offers % order execution in less than 1 second, has low spread, free research, multi platform support, and wide choice of trading instruments then XM is one of the blogger.comted Reading Time: 8 mins 4/13/ · Top 10 Forex Brokers In Nigeria. Our best list of registered forex brokers in Nigeria is. blogger.com - Best Forex Broker In Nigeria. Pepperstone - MT4 Best Forex Trading Platform. FP Markets - STP Forex Trading Account. FXTM - Nigerian Naira (NGN) Funding. IC Markets - Lowest Spread Nigerian blogger.comted Reading Time: 9 mins 5/12/ · Check the forex brokers Nigeria comparison. �� Top 10 Forex Brokers in Nigeria. Our handpicked list of registered forex brokers operating in Nigeria. AvaTrade – Best Forex Broker in Nigeria ; CM Trading – Nigerian Naira (NGN) Funding; blogger.com – No Deposit Bonuses $30; Pepperstone – Best MT4 Forex Trading Platform; Plus – Best Forex Demo Account
10 Best Forex Brokers In Nigeria [ Regulated Brokers]
Carefully selected list of the Top 10 Best Forex Top 10 forex trading platforms in nigeria in Nigeria for Online Trading in Leave a comment if your favourite one is not on the list. Forex Trading is becoming a great trend not only in Nigeria but all over the world.
If you are one of the forex brokers in the world, you would know how addictive it could get and how intensive the amount of money one can have if you know the process and steps in forex investment.
While others find it difficult to invade the foreign exchange broking industrysome find it as easy as 1,2,3. You top 10 forex trading platforms in nigeria to be persistent, skilled, and patient when it comes to increasing your investment in the forex market.
However, the forex industry provides you with a modest income monthly in such ways that you would never go broke again. Also, the economic stability of Nigeria has massively increased with the help of its forex trading. The country is one of the best countries to invest in. It is also a country with the best forex brokers on the continent. Nigeria is known to have one of the most bountiful economic deposits and contributions in the continent, and it also has the best forex brokers in the continent.
Great contributors to such claims are the abundance in its resources and huge oil reservoir. Also, the import-export processes of Nigeria have increased in recent years, top 10 forex trading platforms in nigeria.
All of these have marked an increased demand in the forex market in Nigeria. In this article, we will discover more about the forex market, top 10 forex trading platforms in nigeria, what spread to look for, how much money to deposit, how to trade in the forex market profitably, and we will also know the top 10 best forex brokers in Nigeria for online trading.
Before you start trading in the Forex market, there are a few things that you need to consider. First of all, make sure that the account that you are opening in is one of the regulated brokers. This means you have to have a forex trading system which is a set of rules and conditions that guide the way you trade, and it shows you how to manage your risks by telling you when to enter and exit a trade.
This is to protect both the brokers and the traders from having their financial losses in both their profits, deposits, leverage and other financial records in cases of bankruptcy. Failing to check on the best forex brokers may put your investment in the wrong brokers and may lead you to financial losses, instead of earning more money, top 10 forex trading platforms in nigeria.
The second thing that you need is to have ongoing support and training by an experienced foreign exchange trading mentor. Most people start in Forex trading by buying an e-book or attending a forex trading seminar. After reading and attending the forex trading seminar, they go straight away by opening a forex trading account and deposit with real money in their chosen brokers. This could lead to some inaccurate decisions in trading since you are not practically guided by an expert.
Never start right away and deposit real money in your account. Give yourself some practice, and if you know someone available for practical guidance, that is a lot better! You can hire them and having their pieces of advice, their guidance, and their wisdom in forex top 10 forex trading platforms in nigeria could help you grow your knowledge and expertise as a forex broker.
The third thing is you need to have a learning account — not a demo account! A learning account is a practice account that enables you to learn the techniques of a forex trading account.
Most brokers fail in forex trading because they use a demo account to learn forex tradings which can be one of the biggest mistakes one can ever make in learning forex trading which causes forex traders a lot of headaches and stress. They deposit money in their accounts and start trading and eventually lost the trades.
That would mean losing your deposits and not even experiencing a profit. You have to take note that most of the first time brokers in the forex trading industry failed because of their lack of knowledge about the matter.
Check on their minimum deposit, their spread, their support team, and their experience in the trading industry. By comparing the statuses of the different reputable brokers, you would then be able to decide which broker to invest your trades in.
The fifth thing you need to consider is their fees. Many forex brokers give you low initial offers as a primary deposit in your new accounts. However, as you go on with the process, there are hidden charges which you were not informed of. This is the reason why you top 10 forex trading platforms in nigeria to check on their trading fees and make sure everything is transparently done.
Some brokers have their ways of adding up hidden charges to their traders which is not allowed. This way, it is easier for you to resolve issues that you may face any time of the day. Also, if you are a Nigerian living in the community, you have to check if they have their local offices in the region. Some brokers do not have local offices, which is also a little bit worrying since you may experience delays in settling some issues which you may encounter in the trading process.
Lastly, check on their forms of platforms in trading. Some brokers do not have trading platforms available on mobile devices. This may cause inconveniences, especially if you are a trader who travels a lot. Again, forex trading is not something that would make you a millionaire in an instant, it will take time, and you will also experience losses before you enjoy the fruits of your gains.
Those are all parts of the forex trading industry. So, having said those things that you need to prepare before you start your forex trading account, let us get to know the top 10 best forex brokers in Nigeria. A lot of Nigerians claim to have difficulty in foreign exchange trading because some forex trading firms do not allow Nigerians to spread and open your accounts in Nigerian Naira. We all know that opening an account in forex trading is one of the most famous instruments in growing your bank accounts with a tremendous amount of money.
However, it is so difficult in choosing the perfect and righteous forex brokers for you. Being a part of a regulated and reliable forex Nigerian broker is an imperative part of being in the Nigerian forex trading. To give you the best set of choices for a Nigerian forex broker, here are the top 10 Nigerian forex brokers that may interest you in trusting your forex accounts with. Forextime or FXTM started in the forex industry in the year and is considered as one of the best forex brokers in Nigeria.
It is one of those forex brokers who, may be considered as new in the forex trading industry in Nigeria, but is considered as the top-selling and most-preferred and is one of the best forex brokers in the entire region. It was rated with 9 out of 10 by most Nigerian forex traders. It is duly regulated by the Nigerian forex market and is considered as one top 10 forex trading platforms in nigeria the least amounts of spreads.
If you are planning on opening accounts in FXTM, you are only required to have a minimum deposit of Naira, and you are also allowed to open different accounts in FXTM. Their minimum deposit may sound a little bit high, but this amount will double in a short time. As of now, they offer as many as 60 currency pairs, both for major and minor currencies, top 10 forex trading platforms in nigeria. Forextime offers you honest support in its forex transactions, spreads, tradings, and withdrawals.
This is the reason why many Nigerians opt to open their accounts in FXTM. It is also known for its quick and prompt responses to every problem encountered by a Nigerian trader. For most first time traders, FXTM does not only support their needs in forex trading, but it also helps them in gaining knowledge and expertise in terms of forex trading in Nigeria. They offer a learning kit that enables traders to learn more things about forex trading in Nigeria.
Apart from that, FXTM also offers up to 20 options both for withdrawals and deposits of accounts. Its greatest highlight lies in the fact that FXTM is highly in-demand among forex traders in Nigeria.
This is because it is one of the most regulated forex brokers in Nigeria and other regions of the continent. Top 10 forex trading platforms in nigeria traders also top 10 forex trading platforms in nigeria that FXTM has a low volume of spreads for its pairs of currencies, making it a very good deal for most Nigerian traders.
For most new Nigerian forex traders, FXTM is very popular for its excellent spread offers and quick withdrawal system in Nigeria. In case of any concerns about your accounts, FXTM offers chat supports who would assist Nigerian traders in solving their concerns. They also have good speaking English traders and brokers, which is very good, especially for foreign traders of Nigerian Naira. Alpari, compare to FXTM, is older and was established in the year Its length in the forex trading industry is one of the reasons why it is considered as one of the best forex brokers in Nigeria.
In terms of longevity of experience in handling forex trading in Nigeria, top 10 forex trading platforms in nigeria, Alpari has better experiences and has established its reputable name in the forex industry of Nigeria.
Alpari was rated by trades with 8. It has been noted that, top 10 forex trading platforms in nigeria, just like FXTM, Alpari also has one of the biggest volume trades every month and it has one of the most numbers of accounts among the different forex brokers. Their services range from a very low minimum deposit, a very healthy trading nature, and good and up-to-date spread.
These up-to-date spreads are one of the primary things that most Nigerian traders look for in some foreign brokers. Unlike FXTM, Alpari has fewer currency pairs offered, which are limited up to 48 only. Alpari offers traders to deposit their accounts to a maximum of 6 options. Their Nano Account is available for up to zero amount of deposits and they also offer accounts in forex trading in cryptocurrencies. Mainly, Alpari takes pride in offering its forex traders with a spread at a very low amount.
Alpari functions under the regulation of CySeC and is also proud to say that their years of service, being one of the oldest, is one of the most trusted and is one of the best forex brokers in Nigeria. OctaFX was founded in the same year with FXTM — and is one of the best forex brokers in Nigeria. Their account types are limited to 3 only, which is a good choice, especially for newbies in the forex trading industry in Nigeria. It offers forex trading with 28 pairs of currency and is known for its good spread.
Having been rated with 8. However, in terms of being competitive, OctaFX does not go behind in terms of its spread in an asset, and they also offer bitcoins and other cryptocurrencies.
Just like FXTM and Alpari, they also have supports who are fluent in English to help and accommodate foreign forex traders.
Just like Alpari, OctaFX is regulated by CySec; therefore, Nigerians are in good hands if they choose to deposit their accounts in OctaFX as one of their brokers. OctaFX also offers a wide range of local deposits and withdrawals in Nigeria, making it even easier for Nigerian traders to trade and access their accounts, top 10 forex trading platforms in nigeria. Unlike the top 3 best forex brokers in Nigeria, Hotforex is duly regulated by 3 regulatory committees; namely, FCA.
SCA and CySec. Being regulated by these three makes it safer and easier for most Nigerian forex traders to trade and open their accounts in Hotforex as their brokers. Their low minimum deposit and good spread are two of the things that make them the best forex broker in Nigeria. Aside from their good spread, their platforms are also very much accessible by simple taps in your mobile phones and computers. This is not true to all forex brokers since not all of them can be downloaded in smartphones.
How to start trading Forex in Nigeria -- Strategy
, time: 7:448 Best Forex Brokers in Nigeria (Ranked!) | blogger.com
5/12/ · Check the forex brokers Nigeria comparison. �� Top 10 Forex Brokers in Nigeria. Our handpicked list of registered forex brokers operating in Nigeria. AvaTrade – Best Forex Broker in Nigeria ; CM Trading – Nigerian Naira (NGN) Funding; blogger.com – No Deposit Bonuses $30; Pepperstone – Best MT4 Forex Trading Platform; Plus – Best Forex Demo Account 4/29/ · XM Forex is another broker that we definitely recommend to new Nigerian traders. If you are looking for a brokers that is regulated, offers % order execution in less than 1 second, has low spread, free research, multi platform support, and wide choice of trading instruments then XM is one of the blogger.comted Reading Time: 8 mins 4/13/ · Top 10 Forex Brokers In Nigeria. Our best list of registered forex brokers in Nigeria is. blogger.com - Best Forex Broker In Nigeria. Pepperstone - MT4 Best Forex Trading Platform. FP Markets - STP Forex Trading Account. FXTM - Nigerian Naira (NGN) Funding. IC Markets - Lowest Spread Nigerian blogger.comted Reading Time: 9 mins
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