06/06/ · Hot Forex offers traders a choice between five different account types along with providing traders the opportunity to trade in various financial instruments including over securities, Forex, CFDs and more. While trading through Hot Forex, Nigerian traders can feel safe knowing that their funds are secure and kept in segregated accounts along with receiving negative protection blogger.comted Reading Time: 6 mins 22/11/ · Is Forex Trading Legal In Nigeria; the answer is yes. As long as you abide by the Foreign exchange (monitoring and miscellaneous provisions) Act, and trade through one of the licensed forex brokers in Nigeria, you are free to trade with nobody on your neck. Is Forex Trading Profitable in Nigeria; another yes. Trading forex in Nigeria either part-time or full-time is profitable as long as you are; trained, equipped with the best trading tools, and trading with tested winning trading Reviews: 5 Trading in Nigeria with FXTM Access unparalleled education, personalised customer support and much more when you trade in Nigeria with FXTM. Get started What we offer FXTM is proud to have been one of the first brokers to establish a serious presence in Nigeria, and offer access to the financial markets to investors throughout the country and the wider African continent
Forex Trading in Nigeria - How it Works, What you Need to Start Trading
Hot Forex is a highly reputable broker that was founded in and has local offices along with support in Nigeria. Apart from this, forex business in nigeria, Hot Forex has a global footprint with overregistered traders around the world. Hot Forex provides Nigerians with No Dealing Desk, or NDD, execution in addition to Straight Through Processing STP as a standard.
Hot Forex offers traders a choice between five different account types along with providing traders the opportunity to trade in various financial instruments including over securities, Forex, CFDs and more. While trading through Hot Forex, Nigerian traders can feel safe knowing that their funds are secure and kept in segregated accounts along with receiving negative protection balance.
Hot Forex is a Cyprus-based online broker that is authorized and regulated by the following regulatory entities in the following jurisdictions where it forex business in nigeria clients: CySEC — Cyprus Securities and Exchange Commission. FSC — Financial Services Commission of the Republic of Mauritius. FSP — Financial Conduct Services of the Republic of South Africa. FCA — Financial Conduct Authority of the United Kingdom.
DSA — Dubai Financial Services Authority. FSA — Seychelles Financial Services Authority. Being regulated and authorized by such a significant amount of entities results in strict compliance with several rules and regulations in day-to-day operations as well as the way in which client funds are secured and clients are protected financially, forex business in nigeria.
Hot Forex caters for the needs of a variety of traders who have different trading plans by providing a choice between six accounts. This forex business in nigeria that Nigerian traders have a choice in which account will better suit their needs and preferences. The minimum deposit for the various accounts provided is at the current exchange rate between the US Dollar and the Nigerian Naira, and traders should always ensure that they stay up to date with the exchange rates before depositing the minimum amount.
Competitive spreads and fees, floating leverage. Hot Forex offers Nigerian traders extremely tight spreads when keeping in consideration the variety of accounts that they offer with spreads typically starting from 0 pips when the trader registers for the zero spreads account, and from 1 pip for other accounts, forex business in nigeria.
In addition, forex business in nigeria, Hot Forex offers zero commissions on the majority of accounts with commissions charged when Nigerians trade Forex. There are no other fees which are charged when depositing or withdrawing funds, but there may be other fees not mentioned in this article and traders always need to verify any additional charges with Hot Forex when they decide to register an account.
Depending on the type of account the Nigerian trader chooses, there is both a fixed and floating leverage of between up to But when using leverage, it is imperative to consider the gains forex business in nigeria with the risks involved as higher levels of leverage provides the chance of great gains, but it may also increase the risk of losing a significant amount of initial capital.
Hot Forex allows Nigerian traders the opportunity to trade several financial instruments, including: Forex Cryptocurrencies Indices Precious metals Shares Energies Commodities, and Bonds Trading Platforms When using Hot Forex as a broker, Nigerians have two of the most reputable, popular, highly customizable, and user-friendly trading platforms to their disposal, namely MetaTrader 4 and Metatrader 5, forex business in nigeria. Both trading platforms were developed by MetaQuotes Software Corp.
Both MetaTrader 4 and MetaTrader 5 cater for beginner and expert traders and can be downloaded on Desktops using Windows, forex business in nigeria, Linux and MacOS, forex business in nigeria, Android and iPhone mobile devices and Nigerian traders can also make use of the WebTerminal.
Hot Forex caters extensively for beginner Nigerian traders forex business in nigeria starting their journey to become advanced and expert traders by providing the following educational tools: Forex Education Electronic trading courses Tutorial Videos Webinars Events that are announced as they occur.
Hot Forex offers an array of research tools that can be used by Nigerian traders in order to conduct comprehensive and detailed technical and fundamental analysis, in addition to catering for various types of trading strategies and techniques these include: The Hot Forex Mobile Application view the best forex trading apps VPS Hosting Service Trader Tools AutoChartist tools Trading calculators Exclusive analysis Economic calendar, and more Promotions and bonuses.
Trading Rewards Loyalty Program based on four different reward levels depending on the volume being traded and the active trading days forex business in nigeria the trader. Trading contests in which traders stand a chance to win a variety of prizes. Free Account funding which is provided to all live accounts.
Hot Forex also has a wide range of merchandise that is provided to loyal traders and partners. Hot Forex does not charge any fees when traders deposit funds or request for withdrawals to be made from their trading account. Nigerian traders who need to get in contact with Hot Forex can do so either by email or telephone or by making use of the Instant Chat function on the Hot Forex website.
By viewing the offer that Hot Forex has in more detail, it is easy to see why it is the most forex business in nigeria Forex Trading Platform in Nigeria. It is an award-winning, highly reputable, and strictly regulated broker with a comprehensive and competitive offering and trading conditions. Nigerian traders who use Hot Forex will be catered for despite their trading needs and their trading plan requirements. Why Wait till Next Year? Begin Studying for an Accounting Degree Anywhere With….
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How to start trading Forex in Nigeria -- Strategy
, time: 7:44List of Forex Trading Companies in Nigeria in - Forex Education
06/01/ · One Forex broker with expertise in serving Nigerian resident clients is FXTM, which, unusually for a major international Forex brokerage, has a physical presence in Nigeria. FXTM requires a minimum deposit from Nigerian residents of only ₦2,Author: Adam Lemon 22/11/ · Is Forex Trading Legal In Nigeria; the answer is yes. As long as you abide by the Foreign exchange (monitoring and miscellaneous provisions) Act, and trade through one of the licensed forex brokers in Nigeria, you are free to trade with nobody on your neck. Is Forex Trading Profitable in Nigeria; another yes. Trading forex in Nigeria either part-time or full-time is profitable as long as you are; trained, equipped with the best trading tools, and trading with tested winning trading Reviews: 5 06/06/ · Hot Forex offers traders a choice between five different account types along with providing traders the opportunity to trade in various financial instruments including over securities, Forex, CFDs and more. While trading through Hot Forex, Nigerian traders can feel safe knowing that their funds are secure and kept in segregated accounts along with receiving negative protection blogger.comted Reading Time: 6 mins
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