List of Forex Brokers in Nigeria , Best Forex Trading Platform in Nigeria

List of Forex Brokers in Nigeria , Best Forex Trading Platform in Nigeria and What to Watch out For

On our quest to bring closer to you with much needed information, we are turning or spot light on list of forex brokers in Nigeria, best forex trading platform in Nigeria and important key points to watch out for in making the right choice.

ACM Gold
Admiral Market (Mtrading)
AGEA (Marketiva)
Alpari forex trading Nigeria
Bforex
Blackwell Forex
DkbMarkets
Dukascopy
Exness
Etoro
FBS
Forexmetal
ForexTime Nigeria
FXCM
FXDD
FxOpen
FxOptimax
FxPrimus
FXpro
Gkfx
HotForex
ICM Trader
IronFx
Instaforex Nigeria
Liteforex
MasterForex
Mayzus
MFI Forex
RoboFX
TradeFort (Fort Financial Service)
Tuneforex
XeMarkets
XM
Zulutrade

Best Forex Brokers : What to look for in forex trading companies in Nigeria or anywhere in the world

Year founded

Check the year founded to know when they have been around, if they have been around for years, that’s a sign that they are probably doing something right

Popularity

Popularity among other fx investors matters a lot, because you will be able to get reviews about them before you make use of their services

Help and Support

Nothing is perfect, buh with a good fast reponsive customer care and support, any issue can be minimized. So there is high need to check their help and support unit.
So there chat support, email and telephone should be within reach. Not leaving out a rich FAQ page on their website plus video tutorials and image guides

Trading Platform

The type of trading platform used is also very important, though there is high chance you will be using meta trader with access from web and mobile. Also most brokers offer their own trading platform.

Brokerage Type

With this you have two options of broker ; an Electronic Communications Network (ECN) broker or a market maker. You need to have in mind that both option has different way of charging you.
Electronic Communications Network brokers { ECN brokers } in most cases charges a commission per transaction
While Market-maker brokers take a percentage of the spread in value between selling and buying price. You have to becareful because some bad market makers do manipulate spreads artificially for their own gain.

Funding and Payment Options

Knowledge of the funding and payment options are very important before you start, or why would you go for a brokerage that’s easy to fund and very hard or tricky withdrawal options or with extremely high charges to cash out.

Other key areas to watch out for are listed below :

Open deposit
Minimum trade lot size
Number of currency pairs
Maximum leverage
Lowest spread
Headquarters
ECN Broker
Regulated
Types of accounts

There you have it on ” List of Forex Brokers in Nigeria , Best Forex Trading Platform in Nigeria and What to watch our for “, share your thoughts and suggestions with us through the comment box and like us on facebook @ facebook.com/9jaquest or follow us on twitter @ twitter.com/NaijaQuest. Thanks

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List of Forex Brokers in Nigeria , Best Forex Trading Platform in Nigeria