The Reality of Forex Trading in Nigeria

Forex trading in Nigeria: Learn more about Forex, Open an account Using leverage can lead can large gains learn properly applied, however, without careful study and tracking trading trends you can leverage yourself into a hole.

The information here will enlighten you about the top 10 forex brokers operating in Nigeria. You could visit basil page to check our pictures at CBN head quarters in abuja. Trading currencies you are not familiar with can sometimes lead training to make risky about without understanding the consequences.

Beginner’s guide to Forex trading

Forex Trading in Nigeria Forex is a short form for the FOReign currencies EXchange market. It is one of the most liquid markets in the world, while being the largest financial market (daily average volume is about $ trillion according to BIS report).

Their clients can open both real and demo trading accounts. They operate on MetaTrader 5 platform. You can open trading account with share up to 1: Their registered traders can trade on their Plus Trading Platform.

The minimum deposit is Euro. They allow their registered traders to open both real and demo trading accounts. You can open trading account with this broker with leverage of You can trade both on their MetaTrader 5 and MetaTrader 4 trading platforms.

Their website is www. Their trading platforms are Trade Desk and Web Trading. You can open trading account with a leverage of Their leverage is Their website is at https: This broker is not regulated. Anonymous, there is nothing to lie about. For Your information Sec Called a meeting and we all went to CBN to discus the issue of regulation with all the issues arising from from forex trading. You could visit basil page to check our pictures at CBN head quarters in abuja.

Please you also should veryfy your information before you make unguarded comments. One of the major problems that has plagued foreign exchange trading in Nigeria and the reason it lacks participation from big money are lies peddled around and the failure of the small guys in retail to for once just be modest and straightforward in their assessment of the current reality on ground.

Anonymous, I share your views and enthusiasm for the state of the forex market in Nigeria. However, I strongly disagree with you that Emeka Basil orchestrated the event in his quest to secure sponsorships from brokers for his expo or for any order insidious motive. Basil remained neutral in our debates and clarifications. Anonymous, you had three issues with this post, 1.

I made a point in my first comment that the article is poorly researched, lacking in facts and is misinforming the well meaning executives who read this blog. Basil, Bade, Kingsley, I advice you not to pay attention to the anonymous fellow is obvious that he his mischievous and and unlearned very unconisistent in all of his way, look at him explaining the process of getting regulation when he boldly claim that no meeting was called by the CBN and SEC with respect to regulation.

In the west, when a company or entity is criticised, they take it as constructive feedback to work on. You see really its time that justifies reality, well you could chose to accuse an innocent person who is perfect bystander over this issue or better yet confront the reality of your ineptitude.

Bade, Basil, Bull FX. Why are you mentioning my name please? Wow, Basil did all these and still walking a free man? I await the drowning things and you have really opened my eyes to these stories. I can see you are a good Orator. There are so many other thing Basil did, spill it out bro. A journey of a thousand miles begins with a step.

The step has been taken, which is the most important thing. It is imperative Forex is Regulated in Nigeria so support the movement. Secondly, a friendly advise Mr Kelvin, i will not allow falsified usage of my name on social media. I am a loss here. At what point did Bade and Basil mention Kelvin Emmanuel in their responses to the comments made by the anonymous? Was their offence in calling out the the anonymous to his identity known? Kelvin, you obviously have an axe to grind with basil as evident in your vituperation.

At best, you could have offered or tender your perspectives instead of the all-out attack approach you adopted. Hi my brother, thanks for your article. I am one of the early casualties of forex market foray into Nigeria. I want some personal development before I go in again. Useless Anonymous who has blown several managed accounts, held failed fx-expo,.

AUFX — well, not sure about optimism as much as some people seeing short term opportunities.