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Exness vs XM which is better for Nigerian traders?
Replied 1 month 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 month 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 month ago -
Note: I have only traded with Exness broker.
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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 months ago -
I hear SEC now regulates crypto investment & trading in Nigeria so my guess is forex trading will follow soon.
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High minimum withdrawal with brokers: how to bypass it
Replied 2 months 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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which forex brokers are banned in Nigeria?
Replied 2 months ago -
Kwakol isn’t operating any longer in Nigeria.
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Do I download mt5 from brokers website or playstore?
Replied 2 months ago -
You can download from either of the two, makes no difference. Thank you
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what should i consider when choosing a broker?
Replied 2 months ago -
I first of all check the brokers account types, I prefer trading with raw spread accounts so the broker must have this. I then check the payment methods to see if the broker support my local payment methods cos I need to be able to put in and withdraw money without any fuss.
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is take profit trader a reliable legit prop firm?
Replied 2 months ago -
A friend of mine trades with them and he says they are okay
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does hantec markets work in nigeria?
Replied 2 months ago -
I saw their poster (hantec markets) where they are doing this FG free forex training for 100k youths in Abuja
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Is RCG Markets Good for Beginners, Do they have Micro Account?
Replied 2 months ago -
Just because a broker has low minimum deposit does not make them good for beginners. RCG markets lacks adequate variety of trading software 9such as mobile apps, tradingview etc), they lack adequatte beginner support and their processes are generally slow. I wouldnt use them if I were a beginner even if their minimum deposit is low. I learnt how to trade with AvaTrade (not a recommendation) and they are the true definition of a broker good for beginners. other beginner oriented brokers include easy markets and trade nation.
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What was your experience with Headway Broker like?
Replied 3 months ago -
They just need to work on their customer service, broker is okay for small trades
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Is Infinox Broker Legit or Scam?
Replied 4 months ago -
oh really @kyle maybe I will open an account with infinox then because they contacted me once on linkedin
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what is the difference between ftmo and ftmo swing?
Replied 4 months ago -
FTMO swing is designed for swing traders such that there is no overnight fee
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Which Forex Broker in Nigeria Has The Best Customer Support Teams
Replied 5 months ago -
Tickmill is good because their live chat takes you straight to a human and not a bot. Trade Nation is also good
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