Market News

Not all forex brokers in Nigeria allow Nigerians to open Naira-based trading accounts

1. Overview

Nigeria's official currency is the Nigerian Naira. Not all forex brokers in Nigeria allow Nigerians to open Naira-based trading accounts, which allow for no currency conversion fees and immediate transactions by local financial institutions.

Here, we'll take a look at some of the best Naira Trading Accounts available from brokers who also offer great trading conditions according to Louis Schoeman from Forexbroker.ng

2. Exness

Overview

Exness provides a simple trading solution for both new and experienced traders, thanks to the wide range of accounts it offers. Among these accounts are commission-free, commission-based, and raw spread.

Many currency pairs are accessible for trading, with a wide range of trading options made available to traders.

Features

3. HotForex

Overview

HotForex is a forex broker with a global presence, a sophisticated website, and a substantial variety of trading instruments available to users worldwide. The terminology used is simple to comprehend, and they do an excellent job of explaining the fundamentals of forex and CFD trading to beginners.

Features

4. Forextime

Overview

In comparison to many of its rivals, Forextime is a well-established trading platform and broker. You may find an account with FXTM to suit your trading style, regardless of how advanced or novice you are.

On average, fees fall somewhere around the middle of the spectrum. Traders have a wide variety of ways to get in touch with customer service.

Features

5. Alpari

Overview

If you're seeking for some of the lowest Forex margins, Alpari is a good option. Regardless matter whether you're a novice or a seasoned trader, the variety of accounts and features available will appeal to many.

The most recent platform is simple to use and has a rapid signup process. Many current traders are drawn to Alpari because of their commitment to providing comprehensive education.

Features

6. 7bForex

Overview

In terms of trading circumstances and solutions, 7BForex is a locally based Nigerian broker that provides extensive options.

Trading in real time is available to Nigerians on three different trading platforms. Managing assets and receiving first-rate customer service is as simple as choosing from among the many accessible alternatives.

Features