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Many Nigerian forex traders are already experiencing new life with Forex trading, thanks to Ubanker Nigeria. Although this broker firm is pretty new in the country, it has earned the trust of lots of online forex traders – both beginner and expert traders.
As there is no substantial legal framework for online forex and binary options brokers operating in Nigeria, no authority is overseeing their business activities. Apparently the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) are the bodies who have the power to establish a regulatory framework for trading in OTC derivatives in Nigeria. It’s in their powers to ... If you are a trader from Nigeria and want to start forex trading, be smart to avoid financial scams prevalent on African continent and consider trading with CBN regulated forex brokers. Nigerian forex traders should make sure if depositing in Nigerian NAIRA currency is allowed by your chosen Nigerian forex trading platform! Doing so, can save you future exchange rate fees between USD and NAIRA. The Forex market can be wild as there exist many forex brokers in Nigeria, but which among them is reliable, dully registered and trustworthy to help you make a decision if you want to start Forex trading in Nigeria. This post will show give you that list. 8 Best Forex Brokers in Nigeria. Here’s our updated list of the 8 best performing forex brokers in Nigeria in terms of trading & non-trading fees, promptness of deposits & withdrawals, trade execution, support & deposit bonus (last 6 months): 1. Forextime – Best Forex Broker (Instant Order Execution, low deposit & easy withdrawals) To help Nigerian forex traders chooser a broker the best forex brokers in Nigeria based on fees, forex trading platforms and features were compared in 2020. Only CBN regulated forex brokers, African or Europe licenced firms are listed. View the forex brokers Nigeria comparison below. Best Forex Brokers That Accept Traders in Nigeria. By Press Release October 22, 2020, 7:46 am • Posted in Brokers News. Nigeria is an oil-rich country and it is often referred to as the gateway ... Carefully selected list of the Top 10 Best Forex Brokers in Nigeria for Online Trading in 2020. Leave a comment if your favourite one is not on the list. Forex Trading is becoming a great trend not only in Nigeria but all over the world. If you are one of the forex brokers in the world, you would know how addictive it could get and how intensive the amount of money one can have if you know the ...
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