Nigeria Economic Forecast for 2024
We found 11 online brokers that are appropriate for Trading Nigeria Investment Platforms.
Nigeria Economic Forecast Guide
Analysis by Andrew Blumer, Updated Last updated - April 16, 2024
Nigeria Economic Forecast
Nigeria is an important economy of West Africa, with Nigerian Naira as its official currency. The year 2020 brought significant changes to the Nigerian economy, most of which were negative. Among the problems faced by the country, COVID-19 was the highlight - It single-handedly changed the economic outlook of the country.
Let's take a look at what challenges were faced by the Nigerian economy and what's ahead in 2024, and beyond.
Recent Economic Developments
A virus that was first reported in China took the whole world by surprise. Within few months, every country was under the dark clouds of this virus. Nigeria was also no exception... The virus claimed human lives and also made economic conditions more worse for the Nigerian population.
The country was on a path of economic recovery for three years. However, COVID-19 disrupted the progress and put breaks to the recovery. As a result, the economy officially entered into a recession in the year 2020. Besides COVID-19, weak global demand for crude oil and lockdown restrictions were the cause for contraction in the economy.
The most affected sectors were the same as seen in other countries: Transport, tourism, manufacturing, airlines, and trade were directly affected by the containment measures. The restrictions put in place to slow down virus spread also slowed down everything along with it...
In 2020, demand for crude oil was at all times low, mainly due to travel restrictions and weak global demand. Crude oil is considered an integral part of the country's exports and, as such, had a negative effect on the economy.
With most of the economy stagnated, few sectors such as technology, finance, and ICT saw a healthy expansion in 2020. However, expansion in these sectors was negated with contraction in most of the sectors.
The end result of all the economic troubles was a yearly contraction in real GDP. Nigerian officials believe that the economy shrunk by 3% in 2020. But it could have been way worse if the government hadn't implemented ESP (economic sustainability program).
Inflation, Interest Rate & Deficit
Inflation in Nigeria is still in double digits, putting pressure on the prices of food & other important items. Just a year before, the inflation rate was around 11.4%. However, by the end of 2020, inflation reached 12.8%, signifying a dangerous trend. Rising electricity tariffs & elimination of subsidies on fuel contributed majorly to the increased inflation rate.
The interest rate is also very high despite a small cut of 100 basis points. The current interest rate in the country is around 11.5%.
The fiscal deficit, which signifies a difference between income & expenses, also widened in 2020 to around 5.2%. Last year (2019), fiscal stimulus was around 4.3%. An increase of around 0.9% shows a fall in government revenues and increased spending during the pandemic's peak.
Rise Of Debt
The year 2020 also saw a rise of 2.4% in public debt, making it around $85.9 billion (US dollars). Any increase in the debt, even small, can eat a portion of the government's budget. The money that could have been used for people gets diverted towards loan and debt service payments. The latest available data shows that Nigeria had to allocate half of its revenue towards debt payments.
Such a high amount of debt and associated debt service payments pose a serious risk to Nigeria.
The current account also showed a deficit of 3.7% of gross domestic product. The current account was under pressure due to low price + weak demand of crude oil and reduced.
Nigeria Economic Forecast Verdict
African Development Bank group forecast for the Nigerian economy is positive for years 2024 and 2025. For years 2024 and 2025, the Nigerian economy may grow by 1.5% and 2.9%. This positive forecast is based on the idea that crude oil prices will rise along with global demand.
The government is also planning to introduce new measures based on Finance Act (2020). Under the finance act, the government is planning to increase its non-oil revenues. If this plan succeeds, the government will be able to narrow the deficit of the current account to around 2.3% in 2021.
African Development Bank also forecast a decline in the inflation rate in the year 2021. For the year 2021, inflation may reduce to around 11.4%, ultimately translating to lower domestic prices.
Let's take a look at some of the risks that could put pressure on the economy...
In the case of low crude oil demand and weak prices, government revenues will stay depressed. Another downside risk is flooding which will affect agricultural products. Less production of agricultural products will directly correlate to high food prices & high inflation.
Depreciation of Nigerian Naira is also on the cards in case of depleting foreign reserves.
We have conducted extensive research and analysis on over multiple data points on Nigeria Economic Forecast to present you with a comprehensive guide that can help you find the most suitable Nigeria Economic Forecast. Below we shortlist what we think are the best Nigeria Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Nigeria Economic Forecast.
Reputable Nigeria Economic Forecast Checklist
Selecting a reliable and reputable online Nigeria Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Nigeria Investment Platforms more confidently.
Selecting the right online Nigeria Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
- Ensure your chosen Nigeria Investment Platforms broker has a solid track record of at least two years in the industry.
- Verify that the Nigeria Investment Platforms broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the Nigeria Investment Platforms broker operates under the regulatory framework of a jurisdiction that can hold it accountable for any misconduct or resolve disputes fairly and impartially.
- Ensure that the Nigeria Investment Platforms broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for Nigeria Investment Platforms brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the Nigeria Investment Platforms broker can hire staff from diverse locations worldwide who can communicate fluently in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Compare Key Features of Nigeria Investment Platforms in Our Brokerage Comparison Table
When choosing a broker for Nigeria Investment Platforms trading, it's essential to compare the different options available to you. Our Nigeria Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
- Minimum deposit requirement for opening an account with each Nigeria Investment Platforms broker.
- The funding methods available for Nigeria Investment Platforms with each broker.
- The types of instruments you can trade with each Nigeria Investment Platforms broker, such as forex, stocks, commodities, and indices.
- The trading platforms each Nigeria Investment Platforms broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each Nigeria Investment Platforms broker affects the cost of trading.
- The level of customer support each Nigeria Investment Platforms broker offers, including their availability, responsiveness, and quality of service.
- Whether each Nigeria Investment Platforms broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
By comparing these essential features, you can choose a Nigeria Investment Platforms broker that best suits your needs and preferences for Nigeria Investment Platforms. Our Nigeria Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Top 15 Nigeria Investment Platforms of 2024 compared
Here are the top Nigeria Investment Platforms.
Compare Nigeria Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Nigeria Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Nigeria Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Nigeria Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Nigeria Investment Platforms that accept Nigeria Investment Platforms clients.
| Broker |
IC Markets
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Roboforex
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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NordFX
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EasyMarkets
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SpreadEx
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FXPro
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| Rating | |||||||||||
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
| Min Deposit | 200 | 10 | No minimum deposit | 5 | 200 | 100 | 100 | 1 | 100 | 1 | 100 |
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| Used By | 180,000+ | 1,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
| Support |
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| Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with nordfx |
Sign
Up with easymarkets |
Sign
Up with spreadex |
Sign
Up with fxpro |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
| Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
NordFX Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, CA, EU, RU, SY, KP, CU | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
All Nigeria Investment Platforms in more detail
You can compare Nigeria Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Nigeria Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Nigeria Investment Platforms below.
Nigeria Economic Forecast Table of Contents
- Nigeria Economic Forecast Explained
- 6 Factors to Consider when Choosing Nigeria Economic Forecast
- Are Your Nigeria Economic Forecast Trusted And Established?
- Are The Nigeria Economic Forecast World Leading?
- What are the Nigeria Economic Forecast Commissions and Fees?
- What are the Nigeria Economic Forecast Funding and Withdrawl Methods?
- Find Nigeria Economic Forecast with Round-the-clock support?
- Make sure the Nigeria Economic Forecast Offer Comprehensive Trader resources?
- Why Nigeria Economic Forecast needs to be regulated?
- Nigeria Economic Forecast FAQ
- What are the best Nigeria Investment Platforms brokers?
- What is the best Nigeria Investment Platform broker?
- Related Nigeria Economic Forecast Reviews
- Related Nigeria Economic Forecast Alternatives
- Related Nigeria Economic Forecast Comparisons
Nigeria Economic Forecast Explained
Trading volatile financial markets with Nigeria Economic Forecast can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by Nigeria Economic Forecast to ensure a successful trading experience.
Selecting Nigeria Economic Forecast at the forefront of innovation and considered an industry leader is crucial. Doing so will ensure you are equipped with the tools and features to navigate volatile Nigeria Economic Forecast markets effectively.
Reliability is key to gaining access to financial markets. Look for Nigeria Economic Forecast that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with Nigeria Economic Forecast confidently.
6 Factors to Consider when Choosing Nigeria Economic Forecast
Follow these five rules for selecting Nigeria Economic Forecast that are right for you:
Are Your Nigeria Economic Forecast Trusted And Established?
Search for a reputable Nigeria Economic Forecast with a extensive proven track record for Nigeria Economic Forecast, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated Nigeria Economic Forecast broker is IC Markets. Established in 2007, and in operation for 12 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is Roboforex.
Roboforex was established 2009, and in operation for 9 years Roboforex have a head office in Belize.
Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
IC Markets
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Roboforex
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XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
NordFX
|
|---|---|---|---|---|---|---|---|---|
| Year Established | 2007 | 2009 | 2002 | 2009 | 2010 | 2006 | 2005 | 2008 |
| Head Office | Australia | Belize | Poland | Cyprus | Australia | Ireland | Australia | Mauritius |
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 |
| Used By | 180,000+ | 1,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Guaranteed Stop Loss | No | No | No | No | No | No | No | |
| Learn More | Visit IC Markets | Visit Roboforex | Visit XTB | Visit XM | Visit Pepperstone | Visit AvaTrade | Visit FP Markets | Visit NordFX |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits |
Are The Nigeria Economic Forecast World Leading?
Opt for Nigeria Economic Forecast that set themselves apart as an industry leader by actively embracing innovation. Take IC Markets as an example, which is renowned for Segregates clients funds and boasts an extensive array of 2250 tradable instruments. Moreover, IC Markets caters to the needs of its clients with both an online trading platform and a mobile application, making it incredibly convenient to access the markets from anywhere, at any time.
In addition, the IC Markets platform enables access to a variety of financial markets worldwide. IC Markets is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Nigeria Economic Forecast is Roboforex. Roboforex Segregates clients funds and offers over 100 instruments.
| Broker |
IC Markets
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Roboforex
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XTB
|
XM
|
Pepperstone
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AvaTrade
|
FP Markets
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NordFX
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|---|---|---|---|---|---|---|---|---|
| Instruments Available | 2250 | 100 | 5600 | 1000 | 1200 | 1250 | 290 | 50 |
| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, CA, EU, RU, SY, KP, CU |
| Forex pairs offered | 61 | 35 | 57 | 55 | 70 | 55 | 70 | |
| Forex pairs offered | 61 | 35 | 57 | 55 | 70 | 55 | 70 | |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Cryptocurrencies (availability subject to regulation) | Yes | No | No | No | Yes | Yes | Yes | Yes |
| Commodities Offered | 20 | 21 | 21 | 15 | 16 | 17 | 18 | 0 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | No | Yes | Yes | Yes | Yes | Yes | No |
| Agricultural | Yes | No | Yes | No | Yes | Yes | Yes | No |
| Stocks Offered | 2100 | 0 | 1696 | 160 | 1100 | 1000 | 10000 | |
| UK Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
What are the Nigeria Economic Forecast Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Nigeria Economic Forecast broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Nigeria Economic Forecast broker Roboforex offers Forex, CFDs. Roboforex minimum deposit is 10. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
|
Roboforex
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XTB
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XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
NordFX
|
|---|---|---|---|---|---|---|---|---|
| Min Deposit | 200 | 10 | 0 | 5 | 200 | 100 | 100 | 1 |
| Withdrawl Fees | No | Yes | varies | No | No | No | No | No |
| Inactivity Fees | No | No | Yes | Yes | No | No | No | No |
| Deposit Fees | Varies | No | No | No | No | No | Yes | No |
| CFD Commission Fees | Yes | No | Yes | No | Yes | No | Yes | Yes |
What are the Nigeria Economic Forecast Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with Nigeria Economic Forecast. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with Nigeria Economic Forecast.
| Broker |
IC Markets
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Roboforex
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XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
NordFX
|
|---|---|---|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| Paypal | Yes | No | Yes | No | Yes | Yes | Yes | No |
| Skrill | Yes | No | Yes | No | Yes | No | Yes | No |
| Payoneer | No | Yes | Yes | No | Yes | Yes | No | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Find Nigeria Economic Forecast with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with Nigeria Economic Forecast.
Nigeria Economic Forecast customer service entails various support services to aid customers in making the most cost-effective and appropriate use of the brokers' services.
The customer support options offered by Nigeria Economic Forecast can include phone answering services, live chat support, and email customer service support.
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Roboforex support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
IC Markets and Roboforex offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
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Roboforex
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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NordFX
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| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish | English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic | Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish | English, Arabic, Indonesian, Italian, Spanish, French, Russian, Chinese, Japanese, German, Portuguese, Thai, French, Malay, Greek, Vietnamese, Romanian, Turkish, Slovenian, Dutch, Polish, Finnish, Norwegian, Swedish, Serbian, Lithuanian, Hungarian, Galician, Estonian, Danish, Czech, Croatian, Bulgarian, Basque | Indian, Chinese, Arabic, Brazilian, English, Spanish, Russian |
| Learn More | Visit IC Markets | Visit Roboforex | Visit XTB | Visit XM | Visit Pepperstone | Visit AvaTrade | Visit FP Markets | Visit NordFX |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits |
Make sure the Nigeria Economic Forecast Offer Comprehensive Trader resources?
It's important to ensure your Nigeria Economic Forecast provide complimentary resources such as analysis, education, and risk management tools. IC Markets and Roboforex collaborate with top analysts to bring the most up-to-date news and insights to traders.
Sound risk and money management are vital to financial market navigation with Nigeria Economic Forecast. However, selecting the best broker to access the markets is a critical step that traders should not overlook as they embark on trading live financial markets with Nigeria Economic Forecast.
Why Nigeria Economic Forecast needs to be regulated?
Regulated Nigeria Economic Forecast lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated Nigeria Economic Forecast.
Consumers are protected by Nigeria Economic Forecast regulation, critical to preventing inadequate services and potential financial harm.
Regulation of Nigeria Economic Forecast is necessary to prevent fraud. The Nigeria Economic Forecast working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with Nigeria Economic Forecast is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
Nigeria Economic Forecast List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, AndroidCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account Pro Account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Web Trader, TradingView, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Learn more
Losses can exceed deposits
Losses can exceed deposits