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|Top 5 Best Forex Brokers In Nigeria 2021 by sotomayor: 7:23am On Mar 24|
There are so many forex brokerage companies available for people in Nigeria, but you need to be careful to settle for the best. Some of the Forex brokerage companies are operated by people with selfish motives and you might lose your money by investing with them.
Here are 5 Crucial Things to Consider When Choosing a Forex Broker
1.Security. The first and foremost characteristic that a good broker must have is a high level of security. ...
2,Transaction Costs. No matter what kind of currency trader you are, like it or not, you will always be subject to transaction costs. ...
3.Deposit and Withdrawal. ...
T4.rading Platform. ...
Top Best Forex Brokers in Nigeira
Hotforex-Low Spread Broker
Hot Forex is currently the best Forex broker available for Nigerian traders and this is simply because of their top-notch services, starting with their high leverage and low spreads.
Minimum deposit- $5
Spread- 1 pip for the Micro accounts and 0.2pips for a Zero spreads account
Payment Methods- Major debit/credit cards, e-wallets including crypto, Bank wire and Bank direct transfers.
Regulatory body- Cyprus Securities and Exchange Commission (CySEC)
Octafx- Islamic trading(No swap fees)
OctaFX was founded in 2010 and it offers several trading instruments, including 28 currency pairs, CDFs on indices & metals.
Minimum deposit- $100
Spread- Averagely 0.7 pips.
Payment Methods – Bank cards and local bank transfers for traders in Nigeria, India and Thailand.
Regulatory body- Cyprus Securities and Exchange Commission (CySEC).
Registration Bonus- During special offers, you can get a 15-100% bonus on initial deposits.
Deriv-Best Synthetic Broker in Nigeria
DERIV is a top international broker that you can rely on. The trading platform they offer has all the tools you need to run your trades and their wide range of assets.
Minimum deposit —$ 5(₦ 2000)
Maximum leverage— 1:1000
Transaction cost— There are no charges for deposits and withdrawals
The Malta Financial Services Authority (FSA)
The Vanuatu Financial Services Commission (FSC)
The British Virgin Islands Financial Services Commission (FSA)
Fxtm—Fast Execution Broker
FXTM is tried and tested to be a top of the pack Forex broker for Nigerians in 2021. Its wide variation of Forex pairs and crosses, including precious metals and cryptos, make this broker stand out among the rest. I
Cent Account—₦ 2000
Standard account— ₦ 40,000
Maximum leverage— 1:1000
Transaction cost—No transaction costs charged for deposits. There is also no withdrawal cost if you use cryptocurrencies or a wallet, but there are up to 1.5% charges if you use the local bank transfer.
Financial Conduct Authority (FCA) in the UK
Financial Sector Conduct Authority (FSCA) of South Africa
Cyprus Security Exchange Commission (CySEC) in Cyprus
International Financial Service Commission (IFSC)
Is Forex trading legal in Nigeria?
Forex trading in Nigeria is legal and anyone can trade on condition they trade for themselves and use a licensed broker.
Where can i learn forex?
As a beginner you can learn forex from tradingtiger.pro
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|Re: Top 5 Best Forex Brokers In Nigeria 2021 by richboy7(m): 12:07am On Mar 25|
sotomayor:Boss thank you. You're doing well
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