FX Empire’s top picks for the best forex brokers in Nigeria. We evaluated online brokers for their regulations, trading platforms, customer service, account types, commissions and more. Which brokers are safe to trade online with in Nigeria? Compare the best online brokers for trading forex, cryptocurrencies, stocks, commodities & indices that also accept traders from Nigeria and also offer islamic accounts. This up-to-date comparison was last updated in November 2020. Forex trading is exploding in Nigeria. Read our quick guide on the best forex brokers in Nigeria at the moment. Contents1 1. eToro2 2. Tickmill3 3. AvaTrade4 4. IG Markets5 5. HotForex6 6. FXTM 7 7. CM Trading8 8. Exness 1. eToro eToro was founded in 2007 and is popular for several reasons. This reputable […] If you are a trader from Nigeria and want to start forex trading, be smart to avoid financial scams prevalent on African continent and consider trading with CBN regulated forex brokers. Nigerian forex traders should make sure if depositing in Nigerian NAIRA currency is allowed by your chosen Nigerian forex trading platform! Doing so, can save you future exchange rate fees between USD and NAIRA. 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 58-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how ... As there is no substantial legal framework for online forex and binary options brokers operating in Nigeria, no authority is overseeing their business activities. Apparently the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) are the bodies who have the power to establish a regulatory framework for trading in OTC derivatives in Nigeria. It’s in their powers to ... 8 Best Forex Brokers in Nigeria. Here’s our updated list of the 8 best performing forex brokers in Nigeria in terms of trading & non-trading fees, promptness of deposits & withdrawals, trade execution, support & deposit bonus (last 6 months): 1. Forextime – Best Forex Broker (Instant Order Execution, low deposit & easy withdrawals)
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