8 Best Forex Brokers In Nigeria 2021 Ranked!

Feb 8, 2021

8 Best Forex Brokers In Nigeria 2021 Ranked!

With this broker bonus, traders can access a range of exclusive privileges. Exness provides a number of ways to deposit and withdraw money to satisfy the needs of the majority of customers. These include credit/debit cards, electronic wallets, cryptocurrencies, etc. In some payment systems, instant withdrawal is available. In this version of the trading platform, users will find tools and features that are missing in MT4. The fourth version of the trading platform did not have customizable timeframes, as well as some types of orders that are available in the fifth version of the terminal.

exness review

I realized it’s just a matter of time growing it so being patient is the best attitude when it comes to investment. Compounding your wealth is an important thing, so keep that in mind always. Please wait for our reply, we remain committed to providing best service for our clients. We apologize for any inconvenience, there was a technical issue on our real 11 server since 13.10 GMT . We will be investigating all claims from affected account carefully and compensation adjustment will be made.

Exness Vs Xm Customer Support Compared

The task of the trader is to determine whether the value will touch this border in the selected period. An additional advantage is that the profit from the trade can be received before the expiration of the term (if the «Touch» option is selected and the condition is met). If you are just entering the world of Forex trading and want to find out how trading feels, this account is for you. In addition, they’re so transparent with the team of management that is a good way to begin fresh relationship with the traders.

We recommend Exness for very fast execution & extremely tight spread. Traders can sign up for two basic types of trading accounts such as standard and professional. In addition, there is a subcategory of standard account type offered by Exness named as standard cent. This account is suitable for beginners, but they can only trade in forex currency pairs and metals in standard cent account type. For this you can check our list of best forex brokers for trading in Nigeria. They offer English language customer support via Phone, Live Chat & email.

  • Exness, as a company, has a strong collection of rules for ensuring fair trading on its own platform.
  • Because these lessons are designed for the newbie traders who seek proper guidelines for getting started with their trading career.
  • The hedging system allows to open divergent positions in one instrument.
  • Moreover, these forex brokers also actively take part in social media platforms and interact with various organizations that partner with big celebs like Cristiano Ronaldo.

Apart from providing comfortable trading conditions to its clients, Exness offers amazing customer care in 13 languages along with the updated financial news. Alternatively, there is also a provision to sign up for a demo account that is absolutely free. Through a demo trading account, the traders can test the online trading ecosystem and the trading strategies that work. Besides updated news on market researches, website Exness () also provides analytical reports on various financial instruments through its trading channels and intuitive research tools. There is no need to download the platform separately, which is an added advantage for users.

They have Nigerian phone number for support, but the phone & English language chat support are not available 24/5, and are only available during their business hours. Exness also has local bank transfer option for funding & withdraws in Nigeria. This payment method is instant even during withdrawals. But your balance will be converted into Naira during withdrawals & USD during funding, at the latest exchange rates. Exness does not offer Naira base currency account at the moment. Their spreads for major currency pairs is quite competitive.

Does Exness Have A Bonus?

The base of active users reaches 80,000 people, and monthly trading reaches 325 billion dollars. Review broker Exness starts with a review of legality and licenses. The brand is legalized by the authorization of the Financial Commissions of Seychelles, Cyprus and Great Britain. Also, the company is regularly audited by the renowned https://uh4c.org/news/the-right-time-to-trade-forex.html Deloitte Corporation. It means that the work on Exness terminals is reliable and honest. Too many red flags exist at Nymstar to qualify it for a legitimate consideration as a broker.

This means you can use this platform on any mobile, tablet, and laptop devices besides desktop computers. Select your country, enter your email address, and set the password for your personal area. Apart from the above, the broker doesn’t apply any other hidden charges or additional fees like inactivity and maintenance fees. Exness Academy – Offers free education materials, daily market updates, technical analysis, and webinars. Instant Withdrawals – Withdrawal requests made through electronic payment systems are processed instantly. Exness was founded as an online-trading broker in 2008.

exness review

If you are just starting your way in trading, you will get all the basic knowledge you need and learn how to manage risk, and most importantly, how to put that knowledge into practice. A good broker will never leave his clients without important information and education. Why look up important financial news from American sources when you can get the main video stream from the NYSE right now from Exness. How do you quickly convert from one currency to another?

Professional Accounts

One of the main positives for Exness is that they’re regulated by our own Financial Conduct Authority here in the UK. Negative balance protection is there to protect its customers. Customers do indeed need protecting as trading can be a volatile business and not everybody who invests knows the full consequences of their trade. Have you ever heard of the expression ‘to hedge one’s bets’? This basically means to not speculate solely on the outcome of one event as it could be potentially risky holding all your assets in one place.

It is because ECN quotes are more volatile than regular accounts’. That’s why most less experienced traders prefer regular accounts to Zero account. Choosing the suitable account types is very important to succeed in trading. That’s why most brokers offer different account types, because you can only be successful in trading if you trade the suitable accounts. For me, the biggest forex brokers should be the most prestige.

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