![]() ![]() ![]() ![]() □ FxPro desktop platform has useful features but they are not all replicated in the mobile app. This ensures they remain transparent and always segregate client funds. □ FxPro is licensed by one of the best regulatory bodies on the planet- The FCA United Kingdom. Help channels include: Live Chat, Telephone (no Nigerian phone number), email, & a FAQ section which is not very easy to navigate because of pre-set questions. Should the need arise for help/support, assistance is available on weekdays only and this is a minus. While FxPro offers the shared MT4 & MT5 platforms, there also avail you the cTrader platform and for a more personalized experience they offer the home-grown FxPro Platform.Īlthough FxPro offers their home-grown platform on Desktop, Web & Mobile, the mobile version doesn’t mirror complete features of the desktop version. FxPro also offers you Islamic accounts void of any swaps. Other asset classes such as Crypto & Futures have 1:20 & 1:50 leverage respectively.įxPro allows you to open Naira accounts with a N5, 000 minimum deposit.You can fund your account through bank transfer, Visa & Master credit/debit cards, Skrill, PayPal and Neteller. Let’s look at the FxPro instrument catalogue below:įxPro uses a dynamic leverage model, & maximum leverage for FX is 1:200. You can combine 23 FX Pairs to make your currency pair. FxPro Raw+, and Elite Accounts have spreads as low as 0.2 plus a commission of $3.5 per side.Ģ100+ CFDs from a mixed collection of asset classes are what you can trade on the FxPro platforms. While FxPro can register traders under jurisdictions of the United Kingdom, & European Union, Nigerian traders, however, have their accounts registered under laws of The Bahamas.įxPro is licensed and overseen by regulatory bodies in various geographies as can be seen in the table below:Ī close look at their Standard and Pro Accounts reveal spread is taken but commission Is Zero. Energies like Brent & Crude Oil, Indices like US100, StocksįxPro was founded in 2006 and is a No-dealing Desk forex & CFD broker with a variety of trading platforms that can be used by Beginner & Pro traders, thus making them an overall best choice for any trader.įxPro Global Markets also known by their trading name “FxPro” were incorporated in The Bahamas & also have headquarters there. of top-tier regulations, fees for trading different currency pairs, any extra charges for non-trading activities, platforms available, account types, is the broker a market maker or offers DMA, availability of customer support in Nigeria & more factors.įorex, Metals like XAU/USD, Commodities. We explain more in these points in the comparisons below. We’ve tracked 8 data points of each forex broker in this list. IC Markets – Forex Broker with multiple accounts.Pepperstone – ASIC Regulated Forex Broker.FXTM – Best Forex Broker with Naira Account.AvaTrade – Best Forex Broker for Pro Traders & Fixed Spreads.HF Markets – Best Forex Broker for Beginners.XM Broker – Deposit Bonus Forex Broker with Ultra-Low Accounts.Exness– Best Forex Broker for Lowest Spreads.FxPro – Best Forex Broker in Nigeria Overall.It should be noted that FxPro is the best Forex broker in Nigeria by our analysis of all the factors. There are 40+ foreign & offshore forex brokers operating in Nigeria however, we have narrowed down our picks to only a few of the best brokers in Nigeria. It is very important that you deal with a brokerage firm that is regulated by foreign top-tier regulators like FCA, FSCA, ASIC. That is why the Securities and Exchange Commission (SEC) warned that dealing with any forex broker (local or foreign) is at your own risk. It is not illegal for you to engage in online retail forex trading in Nigeria, but it is not regulated as of now. ![]()
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