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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 1 day ago -
Its not as bad as they make it seem, many Nigerians still trade forex and withdraw their profits successfully. Just choose a broker that is well regulated from countries with strong economies like the United Kingdom, Australia, etc. avoid brokers solely regulated from countries with weak economies
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Which brokers support ussd code deposit method?
Replied 4 days ago -
Trade Nation supports USSD payment methods with $1 minimum deposit.
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What was your experience with Headway Broker like?
Replied 5 days ago -
Headway is legit bro
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My 5 Best Forex Brokers in Nigeria
Replied 1 week ago -
Tickmill is a no no! they do not have instant withdrawals which is a turn-off for me
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Is Infinox Broker Legit or Scam?
Replied 1 week ago -
oh really @kyle maybe I will open an account with infinox then because they contacted me once on linkedin
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Exness vs XM which is better for Nigerian traders?
Replied 1 week ago -
XM spreads cannot be trusted they can manipulate, but Exness is more reliable
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does goat funded trader offer free trials?
Replied 2 weeks ago -
No, but try Think Capital, the prop firm offers 14 day free trial
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What's the minimum I can deposit to trade with Oanda?
Replied 2 weeks ago -
I dont think they have a minimum deposit at Oanda.What instruments do you hope to trade because you also have to consider the spread
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Has anyone traded with FxPro Nigeria? What was your experience like?
Replied 2 weeks ago -
FxPro deposit and withdrawal process is so smooth, that is what I like about them. I hear they have added TradingView to their platforms now which is great.
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what is the difference between ftmo and ftmo swing?
Replied 2 weeks ago -
FTMO swing is designed for swing traders such that there is no overnight fee
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is deriv synthetic indices better than real indices?
Replied 2 weeks ago -
I think synthetic indices can be manipulated by the brokers offering them causing you to lose in the long run
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My broker often rejects my withdrawals, should I be concerned?
Replied 2 weeks ago -
rejection of withdrawals is a red flag and a sign of a scam broker. Do not take it lightly, especially if it keeps recurring.
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what should i consider when choosing a broker?
Replied 3 weeks ago -
trading & non-trading fees and regulation. do you know some brokers even charge yearly admin fees up to $100? some of them charge double the spread that other charge, causing you to pay more when your friends are paying less.
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Do I download mt5 from brokers website or playstore?
Replied 1 month ago -
Makes no difference, you can download mt5 from any of the sources.
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is maven prop firm legit?
Replied 1 month ago -
Their kyc documentation process is really smooth
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Which Forex Broker in Nigeria Has The Best Customer Support Teams
Replied 1 month 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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