Best Nigeria Forex Regulation Guide
Nigeria Forex Regulation
Nigerian Forex trading involves currencies trading in currency pairs with the aim of profiting from the constant changing world currency prices.
As you conduct this activity in Nigeria, you will probably use Nairas as the base. But if you are trading overseas, you will need to convert your Nairas to foreign currencies.
The exchange rate will depend on the global marketplace and the Forex market.
When it comes to the Forex trading in Nigeria, you will expect such dynamics and vitality in the marketplace.
The level of volatility is the key to comprehend your risks and opportunities there. The movement of the currencies can alter from time to time depending on various factors which are dynamic.
If you are an individual investor, you will want to cover all the basics and equip yourself with enough knowledge before proceeding.
What you really need to consider before investing in the Forex Markets in Nigeria
It is just like in other countries. You need to choose a trustworthy and reliable Forex broker in Nigeria if you are looking for the most appropriate place to invest in the currency market.
The good news is that Forex trading in Nigerian countries is legal. But there’s still risk if you are dealing with unregulated brokerages.
Therefore, you need to be especially careful when browsing around trading options online.
Start by checking if the broker is regulated by the official regulatory entities. If your brokerage does not come with reputable regulatory status, you better skip to brokerages who can prove their regulated status.
It will only work well if you focus your search to the eligible and regulated brokerages.
The Regulated Forex Brokerages in Nigeria
As mentioned, you can rest assured to conduct your Forex trading activity if you are dealing with the correct party.
In this particular case, the Central Bank of Nigeria is by far the most renowned provider of the Forex exchange business in the country.
The Central Bank of Nigeria has the right and power to make the laws and regulations. It is also their responsibility to regulate the brokerages in the Nigerian Forex market.
The Central Bank of Nigeria has released a vast amount of detailed guidelines concerning Forex markets. The central bank also issues the license for the commercial banks in Nigeria.
Most of these commercial banks also deal with the foreign exchange markets.
In the case of banking, both residents and non-residents can open commercial banks accounts in Nigeria. It is also important to realize that only residents of Nigeria will be able to use the domiciliary accounts.
Are you eligible to conduct Forex trading in Nigeria?
To conduct the Forex trading activity, you will need to be an authorized buyer in the country.
The authorized buyers can be the official entities, or the end-users approved by the central bank to conduct the foreign exchange in the bank. Meanwhile, the central bank has also appointed some authorized dealers to sell the Forex exchange to end-users.
The legality of Forex in Nigeria
The legality of the Forex in Nigeria has also been a challenging topic since it is still relatively new as the instrument of making money. If you have any questions regarding its legality, then you are good. It will help you prevent bad situations later.
The Forex market in Nigeria comes with high volatility. The condition of the market is dependent upon the oil in the country as oil production is the major earner of Forex.
Because it is highly volatile, the Central Bank is working with the government to regulate the sector with the most appropriate measures.
Nigerian foreign exchange regulations and laws have caysed the Central Bank to issue policies to regulate the Forex transactions in the country. The Central Bank can regulate transactions which traders execute even in foreign currencies.
Nigerian Commercial banks hold the right to conduct and monitor all foreign exchange transactions. The Central Bank of Nigeria also allows only authorized dealers to conduct the transactions.
In a nutshell, the Central Bank allows the banks and other authorized bodies to conduct Forex trading.
Whether you are traveling, living, or just passing through Nigeria, you have the right to conduct online Forex transactions, however Forex is relatively new in Nigeria.
When it comes to rules, there is no specific rules that you should worry about, however you should always deal with regulated over unregulated brokers.
Therefore, you could check candidates to see if they are regulated by the Association of Online Forex Trading Agent in Nigeria.
The Association has been working with the Central Bank of Nigeria and other regulatory agencies to come up with the most appropriate regulations applied to the country.
Local Forex traders need to be compliant to the extent of the Nigerian laws and confirm legally in all activities.
If you are unsure, you could contact brokerages and the financial regulatory body in Nigeria to check a brokers status.
Just like in any other country, it is illegal to use an investors money unless the brokerages are authorized to do so, so a trustworthy business should not mind providing you some proof of credibility if you ask for it.
We've collected thousands of datapoints and written a guide to help you find the best Nigeria Forex Regulation for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Nigerian Forex Brokers below. You can go straight to the broker list here.
Reputable Nigeria Forex Regulation Checklist
There are a number of important factors to consider when picking an online Nigerian Forex Brokers trading brokerage.
- Check your Nigerian Forex Brokers broker has a history of at least 2 years.
- Check your Nigerian Forex Brokers broker has a reasonable sized customer support of at least 15.
- Does the Nigerian Forex Brokers broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Nigerian Forex Brokers broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Nigerian Forex Brokers broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Nigerian Forex Brokers can hire people from various locations in the world who can better communicate 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.
Our brokerage comparison table below allows you to compare the below features for brokers offering Nigerian Forex Brokers.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Nigerian Forex Brokers.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Nigerian Forex Brokers of 2021 compared
Here are the top Nigerian Forex Brokers.
Compare Nigerian Forex Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Nigerian Forex Brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Nigerian Forex Brokers that accept Nigerian Forex Brokers clients
| Broker |
eToro
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IC Markets
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XTB
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FP Markets
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City Index
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Roboforex
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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| Rating | |||||||||||
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), 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 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) |
| Min Deposit | 200 | 200 | No minimum deposit | 100 | 25 | 1 | 1 | 100 | 200 | 100 | 5 |
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| Used By | 12,000,000+ | 60,000+ | 250,000+ | 10,000+ | 14,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ |
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| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps |
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| Learn More |
Sign
Up with etoro |
Sign
Up with icmarkets |
Sign
Up with xtb |
Sign
Up with fpmarkets |
Sign
Up with cityindex |
Sign
Up with roboforex |
Sign
Up with trading212 |
Sign
Up with plus500 |
Sign
Up with pepperstone |
Sign
Up with easymarkets |
Sign
Up with xm |
| Risk Warning | 71% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 82% 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. | Losses can exceed deposits | 75% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider 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. 79.3% 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 | Your capital is at risk | Your capital is at risk |
| Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
City Index Demo |
Roboforex Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
| Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | US, JP, NZ | US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW | US, JP | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY |
All Nigerian Forex Brokers in more detail
You can compare Nigerian Forex Brokers 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 Nigerian Forex Brokers for 2021 article further below. You can see it now by clicking here
We have listed top Nigerian Forex Brokers below.
Nigeria Forex Regulation Table of Contents
- Nigeria Forex Regulation Explained
- 6 Factors to Consider when Choosing Nigeria Forex Regulation
- Are Your Nigeria Forex Regulation Trusted And Established?
- Are The Nigeria Forex Regulation World Leading?
- What are the Nigeria Forex Regulation Commissions and Fees?
- What are the Nigeria Forex Regulation Funding and Withdrawl Methods?
- Find Nigeria Forex Regulation with Round-the-clock support?
- Make sure the Nigeria Forex Regulation Offer Comprehensive Trader resources?
- Why do Nigeria Forex Regulation need to be regulated?
- Nigeria Forex Regulation FAQ
- What are the best Nigerian Forex Brokers brokers?
- What is the best Nigerian Forex B broker?
- Related Nigeria Forex Regulation Reviews
- Related Nigeria Forex Regulation Alternatives
- Related Nigeria Forex Regulation Comparisons
Nigeria Forex Regulation Explained
Trading the financial markets with Nigeria Forex Regulation when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Nigeria Forex Regulation is the platform that a Nigeria Forex Regulation offer.
Choose Nigeria Forex Regulation that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Nigeria Forex Regulation that you can rely on.
6 Factors to Consider when Choosing Nigeria Forex Regulation
Follow these five rules for selecting a broker that's right for you:
Are Your Nigeria Forex Regulation Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Nigeria Forex Regulation broker is eToro. Established in 2006, and in operation for 12 years eToro have a head office in Cyprus, UK.
eToro is regulated. This means eToro are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) regulatory bodies.
Another top rated broker is IC Markets.
IC Markets was established 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 Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) regulatory bodies.
| Broker |
eToro
|
IC Markets
|
XTB
|
FP Markets
|
City Index
|
Roboforex
|
| Year Established | 2006 | 2007 | 2002 | 2005 | 1983 | 2009 |
| Head Office | Cyprus, UK | Australia | Poland | Australia | UK | Cyprus |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) | Cyprus Securities and Exchange Commission (CySEC) |
| Used By | 12,000,000+ | 60,000+ | 250,000+ | 10,000+ | 14,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | Yes | Yes | Yes | No |
| Guaranteed Stop Loss | No | No | No | No | Yes | No |
| Learn More | Visit eToro | Visit IC Markets | Visit XTB | Visit FP Markets | Visit City Index | Visit Roboforex |
| Risk Warning | 71% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 82% 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. | Losses can exceed deposits | 75% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits |
Are The Nigeria Forex Regulation World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. eToro Segregates clients funds and offers over 2000 instruments. eToro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, eToro supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. eToro 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 Forex Regulation is IC Markets . IC Markets Segregates clients funds and offers over 232 instruments.
| Broker |
eToro
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IC Markets
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XTB
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FP Markets
|
City Index
|
Roboforex
|
| Instruments Available | 2000 | 232 | 4000 | 100 | 12500 | 100 |
| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps |
| Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | US | 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, JP, NZ | US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW | US, JP |
| Forex pairs offered | 50 | 65 | 50 | 60 | 100 | 35 |
| Forex pairs offered | 50 | 65 | 50 | 60 | 100 | 35 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies | Yes | Yes | Yes | Yes | Yes | No |
| Commodities Offered | 31 | 19 | 21 | 18 | 26 | 21 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | Yes | Yes | No |
| Agricultural | Yes | Yes | Yes | Yes | Yes | No |
| Stocks Offered | 957 | 100 | 1696 | 10000 | 4500 | 0 |
| UK Shares | Yes | No | Yes | Yes | Yes | No |
| US Shares | Yes | Yes | Yes | Yes | Yes | No |
| German Shares | Yes | Yes | Yes | Yes | Yes | No |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | No |
What are the Nigeria Forex Regulation Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Nigeria Forex Regulation broker eToro offers competitive offers for Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). eToro minimum deposit is 200.
Another top rated Nigeria Forex Regulation broker IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
| Broker |
eToro
|
IC Markets
|
XTB
|
FP Markets
|
City Index
|
Roboforex
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| Min Deposit | 200 | 200 | 0 | 100 | 25 | 1 |
| Withdrawl Fees | Yes | No | varies | No | Varies | Yes |
| Inactivity Fees | Yes | No | No | No | Yes | No |
| Deposit Fees | No | Varies | No | Yes | Varies | No |
| CFD Commission Fees | No | Yes | Yes | Yes | 0.0015 | No |
What are the Nigeria Forex Regulation Funding and Withdrawal Methods?
When dealing with Nigeria Forex Regulation having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
eToro
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IC Markets
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XTB
|
FP Markets
|
City Index
|
Roboforex
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | Yes | Yes | No |
| Skrill | Yes | Yes | Yes | Yes | No | No |
| Payoneer | No | No | Yes | No | Yes | Yes |
| Neteller | Yes | Yes | Yes | Yes | No | Yes |
Find Nigeria Forex Regulation with Round-the-clock support?
Customer service is very important when dealing with Nigeria Forex Regulation.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Nigeria Forex Regulation customer support can include Phone answering services, Live chat support and Email customer service support.
eToro support a wide range of languages including English, German, Spanish, French, Italian
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
eToro and IC Markets offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
eToro
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IC Markets
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XTB
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FP Markets
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City Index
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Roboforex
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| Support |
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| Languages | English, German, Spanish, French, Italian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese | English, Spanish, German, Arabic, Polish, and Chinese | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian |
| Learn More | Visit eToro | Visit IC Markets | Visit XTB | Visit FP Markets | Visit City Index | Visit Roboforex |
| Risk Warning | 71% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 82% 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. | Losses can exceed deposits | 75% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits |
Make sure the Nigeria Forex Regulation Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, eToro and IC Markets work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why do Nigeria Forex Regulation need to be regulated?
A regulated Nigeria Forex Regulation broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Nigeria Forex Regulation brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Nigeria Forex Regulation List
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic 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 Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic 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 Islamic account VIP account
Plus500 offer a 100% Free and Unlimited Demo account 0 Commissions Tight Spreads
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account