Here we should note that while the retail forex market in Nigeria is not regulated, it is also not restricted, and you can open a trading account with any broker, who The trading platform is another thing that you should look into when in search for a good FX broker in Nigeria. One of the best platforms in the industry is currently the Metatrader 4. 7 Best Forex Brokers in Nigeria. 1. Forextime – Best Forex Broker (Instant Order Execution, low deposit & easy withdrawals) Overall Rating 9 /10. Visit FXTM. 2. Alpari: Good ECN broker & Low minimum deposit. 3. OctaFX – Low spread broker, commission free local deposits, withdrawals & 50% deposit Since forex trading and online forex brokers in Nigeria do not come under any form of regulation, Nigerian traders are free to open accounts with their international fx trading platforms of choice and follow the regulations that this broker has put in place from their own regulatory body. This forex broker was established in the year 2003 and has established its reputable name in the forex trading industry in Nigeria ever since. With its existence, XTrade is one of the best forex brokers in Nigeria for having one of the most volumes in spread accounts. Forex brokers in Nigeria. Here you can find a list of the best global Forex brokers online accepting traders in Nigeria for Forex trading. Risk Warning: Your capital is at risk. Another popular forex broker in Nigeria is easyMarkets, formerly easy-forex, which was established in 2003. This broker has its base in Cyprus and has oversight from CySEC and ASIC in Australia. The broker provides its services in more than 160 countries and offers trading in 175 different products,
There are many local and international forex brokers operating in Nigeria. Most of them offer currency trading alongside other financial instruments like CFDs, More international Forex brokers are anticipated to follow FXTM into Nigeria, widening the choice for Nigerian Forex traders. Best Forex Trading Platforms in 17 Dec 2019 Here are the basics you need to know about Forex trading in Nigeria. To better appreciate how trading in foreign exchange works, let us use a With the local currency trading getting deeper and mature, several renowned forex trading brokers have come to set up their local office in the capital of Nigeria (
The forex market in Nigeria is regulated by the CBN. The central bank ensures transparency and efficiency of currency market by issuing licenses to both local and foreign brokers that want to operate in the country. The consumer protection department of the bank receives complaints from investors and analyzes them.
Forex trading is essentially buying and selling two currencies against each other. List of Forex Brokers accepting traders from Nigeria: Forex trading is getting in the centre of attention of many young people nowadays and Nigeria is not an exception. The African country has the biggest economy Our list of the top brokers for forex trading: IG; CMC Markets; OANDA; London Capital Group (LCG); X-Trade Brokers (XTB); Forex.com; Pepperstone. Which brokers are safe to trade online with in Nigeria? Compare the best online brokers for trading forex, cryptocurrencies, stocks, commodities & indices that 27 May 2019 As a forex trader in the country, you must choose a reliable trading platform provider so that you don't lose your money and stay well away from 11 Dec 2019 You can open a trading account with any Internationally regulated forex broker after comparing their reviews & regulations. Some of these brokers
9 Mar 2020 Compare the best forex brokers in Nigeria based on the forex trading platform, fees + more. View the Top 8 forex broker for Nigerian traders. 20 Feb 2020 Forextime or FXTM is the best forex broker in Nigeria, and they are one of the few forex brokers that has local office & phone number in Nigeria.