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Which brokers support ussd code deposit method? Replied 2 days ago - Deriv do not support Ussd but they support bank transfers and debit card.
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which unlimited leverage brokers can you recommend? Replied 2 days ago - I dont know about unlimited but fxpro does 1:10k leverage
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Is FirewoodFX no deposit bonus legit? Replied 3 days ago - Yes, it is I have used it before.
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Is Assexmarkets a Scam? Replied 3 days ago - This broker is run by a scammer team in nigeria. Any money you deposit with them will be going into their bank accounts. Avoid them at all cost.
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is deriv legit Replied 3 days ago - They dont have a CMA license which is issued by the Kenyan government. This license limits the leverage brokers can offer Kenyans to 1:400 amongst other investor protection clauses.
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FxPro withdrawal still pending what's their withdrawal time? Replied 3 days ago - FxPro withdrawal time has improved considerably, itis now instant. I made a withdrawal today and it took less than 1 minute for the funds to reach my bank account.
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Why Was Exness Banned in Malaysia? Replied 3 days ago - Thanks mate!
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Is Quotex A Legit Broker? Replied 3 days ago - Thanks for sharing @amos
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does maven prop firm have MetaTrader? Replied 5 days ago - es — Maven DOES support MetaTrader 5 (MT5).
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does Trading 212 require same minimum deposit for investors & traders? Replied 5 days ago - 1.Invest / Stocks Account (for long-term investing) You can start with as little as €1 / £1 / $1. This account is used for buying and holding real stocks and ETFs. 2.CFD / Trading Account (forex, commodities, indices, leveraged products) The minimum deposit is higher, commonly around €10 / £10 / $10 (or equivalent). This account type is used by traders, especially if you want to trade forex, CFDs, crypto, etc.
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is ftmo on tradingview? Replied 5 days ago - No — FTMO is not a broker, so it does not appear as a TradingView broker feed. FTMO is a proprietary trading firm, not a chart/data provider or broker you can connect to directly in TradingView.
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MT5 Replied 5 days ago - You can download from either of the two.
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How do Forex Brokers Make Money? Replied 5 days ago - 3. Swap Fees (Rollover/Overnight Interest) Every currency has an interest rate. When you buy one currency and sell another, you pay or earn the difference. Brokers make money when: They increase the swap rate slightly They charge swap on both sides depending on the trade They receive swap from LPs and pass modified rates to retail clients Swap depends on: Central bank rates (Fed, ECB, BOE, BOJ) Long vs short positions Broker-specific markup Some brokers offer swap-free (Islamic) accounts and instead charge: A small fixed daily fee A higher spread Higher commissions Which still produces revenue for the broker.
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Exness vs XM which is better for Nigerian traders? Replied 1 week ago - Do people still trade with XM? Exness is way better especially when it comes to funding your account in naira.
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why do most brokers require you connect to TradingView via a raw spread account? Replied 1 week ago - Easy Markets lets you connect to TradingView with a standard account and they offer fixed spread with this standard account. I think Trade Nation also lets you connect to TradingView with a standard account too.
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which broker trades on weekends? Replied 1 week ago - Note: I have only traded with Exness broker.
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Which are the Best Prop Firms in Nigeria with Low Challenge Fees? Replied 1 week ago - Alright, i will do just that.
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I stumbled across a warning from SEC that Nigerians trade forex at their own risk. Is forex trading legal in Nigeria? If not, what is stopping Nigerian authorities from licensing forex brokers? Replied 2 weeks ago - I hear SEC now regulates crypto investment & trading in Nigeria so my guess is forex trading will follow soon.
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My broker often rejects my withdrawals, should I be concerned? Replied 2 weeks ago - I would be extremely concerned. Most brokers intentionally do all they can to discourage withdrawals. If they accepted the deposit easily, then they should process the withdrawal with equal enthusiasm. Once I notice a broker is not happy to process my withdrawals I immediately close my account and move on. I would rather be safe than sorry.
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High minimum withdrawal with brokers: how to bypass it Replied 3 weeks ago - The brokers have found out this loop hole so they now check where you are resident. For instance if the broker sees you are resident in Nigeria and you open a ZAR account, they will increase the minimum deposit. A good example is the broker Trade Nation that has been discussed here, their minimum deposit for South African residents is 50 ZAR but if a Nigerian opens a ZAR account they immediately increase the minimum deposit to 500 ZAR
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