Which broker is best for forex trading in Nigeria?
Best Forex Brokers in Nigeria
- FXTM – Best Forex Broker in Nigeria (Instant Order Execution, low deposit & easy withdrawals)
- HotForex – Best Regulated Forex Broker with Low spread & 100% Deposit Bonus.
- OctaFX – Best Low spread broker, commission free local deposits, withdrawals & 50% deposit bonus.
What broker does Sandile Shezi use?
ACM Gold
Johannesburg – ACM Gold, the preferred broker for SA’s youngest millionaire Sandile Shezi’s Global Forex Institute, has had its licence temporarily withdrawn by the Financial Services Board. The Global Forex Institute’s website mentions that ACM Gold was its broker of choice.
Which FX broker is best?
Best Forex Brokers for 2021
- IG – Best forex broker overall, most trusted.
- Saxo Bank – Best for research.
- CMC Markets – Best web platform, most currency pairs.
- Interactive Brokers – Great for professionals and institutions.
- TD Ameritrade FX – Excellent trading platform, US only.
- City Index – Great all-round offering.
Is forex available in Nigeria?
Forex.com Broker Review. Accepts Nigerian Clients. Average spread EUR/USD 0.80 pips on trading account with lowest minimum deposit. Max leverage 200:1.
Where is OctaFX located in Nigeria?
OctaFX is our 3rd ranked forex broker for Nigerian traders….OctaFX – a quick look.
| Broker Name | OctaFX Nigeria |
|---|---|
| Address | Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent And Grenadines |
| OctaFX Minimum Deposit | $50 (₦18,000) |
| Maximum Leverage | 1:500 |
| Regulation | CySEC (372/18), SVGFSA (19776) |
Can I use FxPro in Nigeria?
Accepts Nigerian Clients. MT4, MT5, cTrader and FxPro proprietary trading platform supported. FxPro Group is regulated by FCA, CySEC, FSCA, and the SCB.
Who is John Ghatti?
John Ghatti – CEO of Winnersground – Forex Trader | LinkedIn.
What broker does FBK?
1) Average Spreads Offered By Pepperstone
| AUD/USD EUR/JPY USD/JPY USD/CAD EUR/USD | AUD/USD EUR/JPY USD/JPY USD/CAD EUR/USD | AUD/USD EUR/JPY USD/JPY USD/CAD EUR/USD |
|---|---|---|
| 0.30 | 0.68 | 0.24 |
| 0.40 | 0.70 | 0.30 |
| 0.50 | 0.80 | 0.30 |
| 0.50 | 0.40 | n/a |
Can I trade Forex without a broker?
Can you do forex trading without a broker? No. Forex trading is impossible without a broker.
Which South African bank is best for Forex?
This list provides an overview of the 5 Best Banks for Forex Trading in South Africa….🥇FNB
- 🥇FNB.
- 🏅Mercantile Bank.
- 🥉Nedbank.
- Absa.
- Standard Bank.
Is XM available in Nigeria?
First things first, many locals ask about XM’s availability to clients residing in the country, and the answer is yes, XM opens trading accounts to clients who live in Nigeria.
What is the minimum amount to withdraw in OctaFX?
The minimum for withdrawal is ₦1,750.00. The withdrawal made with this methods can take few days time. Credit/Debit Card: Traders can also receive funds in their cards, if you have used this method to add funds. The minimum withdrawal in case of card is $20.
Which is the Best Forex broker in Nigeria?
CM Trading is truly one of the top forex brokers accepting traders from Nigeria. Very popular MT4/MT5 forex broker. Fully regulated. XM is 100% safe broker and with robust and stable trading platforms. Is Forex Trading Legal in Nigeria?
How does a forex broker make their money?
There are two forex accounts available. The first is the standard account which has no commissions but slightly higher spreads, which is how the forex broker makes its money. The second is the Razor account (often called an ECN forex account) where the spreads are primarily determined by the market (not the fx broker).
Which is the Best Forex broker in the UK?
FXTM is a highly regulated Forex broker, so trading with them is safe. They are regulated globally with 3 top tier regulators i.e. FCA (UK), FSCA & CySEC. You can start trading with ₦10,000 deposit, making them a good option for new traders.
Is it safe to do forex trading in Africa?
African continent is known for a widespread forex scam. It is therefore important to protect your hard earned cash from fake forex gurus, crypto scam, ponzi schemes, get rich quick schemes and various con artists. Do yourself a favor and deposit your hard earned money only into the safe forex trading platform!