Is Exness the best forex trader in Nigeria? Read on to discover the pros and cons. We ll start with its low fees. If you don t have a lot of money, you can start with a standard account and earn as much as $12000 per transaction. Traders from Nigeria can also use an online bank transfer, which is fast and free of charges. You can also withdraw your funds at any time, provided you have a minimum balance of $3.
Besides a wide range of CFDs, Exness offers fast withdrawals, a negative balance protection, and knowledgeable chat support. However, there are some drawbacks. Exness is not regulated in Nigeria and has a long hold time for live chat. It also doesn t have a local office or any deposit options through a Nigerian bank. Traders can deposit funds using their bank transfer, Visa card, or EWallet. Support is also not very fast, so you may have to wait for several hours before getting an answer.
If you re looking for a low-risk, reliable forex broker, try AvaTrade. Their award-winning app makes trading mobile easier. Moreover, their tight spreads 0.9 pips for EUR/USD are among the lowest in the industry. Besides, you don t need a lot of money to start trading, which makes AvaTrade the best forex trader in nigeria.
Alpari is another reliable option. Founded in 1998, Alpari offers a wide variety of financial instruments, including spot metals and CFDs on indices. The broker offers MetaTrader 4 and MetaTrader 5 platforms. As you can see, there are many advantages to Alpari. But you may want to consider Alpari if you re a beginner in the forex market.
A lot of traders may not think of a Nigerian broker when looking for the best forex trading platform. However, many of them do, and they may make you happy with their services. You can even make a deposit of as little as $10. If you re not familiar with the basics of Forex trading, CM Trading can help you learn about Forex, indices, and cryptocurrencies. You can even take advantage of their negative balance protection and personalised customer service. And don t forget that the spreads on EURUSD are fixed at 1.70 pips.
Another Forex trading company that offers a wide range of features and benefits for new and experienced traders is FXTM. This UK-based firm has offices in Lagos and Abuja, and has a local customer support team that speaks English. You can open a demo account for free, and you can access educational materials and webinars. This company is a great choice for Nigerian forex traders. And remember: it s never too late to get started on forex trading in the world of forex. cunoa?te More About Forex Trading in Nigeria
XM Forex is a well-regulated CFD broker that offers low spreads and fast order execution. They offer multiple platforms support, free research, and are 100% commission-free. Exness doesn t have a Nigerian branch, but its parent company, TPFI Ltd., was founded in 2009, and is regulated by CySEC and the Australian Securities and Investments Commission ASIC since 2013.