tutorials and FAQs were not considered educational materials. Instead, multiple phone calls, emails, and live chat interactions should be conducted to determine an overall rating of customer service. See section, Best Forex Trading Platform below. When it comes to competitive all around pricing, CMC Markets took first place as the best broker in the commissions and fees category. Brokers who did not offer any phone support were penalized, with email and live chat being used as an alternative testing method. ( 79 of retail CFD accounts lose money. FxPro - Best for MetaTrader, ranked #1 for MetaTrader brokers, FxPro caters to the needs of a diverse range of traders due to its various orders and account types, as well as its execution and pricing models, which offer instant execution, and floating or fixed. While many brokers struggle to organize research for their customers, Saxo Bank does a fantastic job centralizing the research it provides across its platform suite, within its recently redesigned website, and on its Trading Floor offering. IG also finished #1 for Offering of Investments (5 Stars) and Education (4.5 Stars). With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument.
CMC Markets placed fifth with 9,959 instruments, including 330 forex pairs (including two-way"s, such as EUR/USD and USD/EUR which is the most number of forex pairs of all the brokers weve tested in 2018. This review will surface the most important features and/or benefits of selecting one forex broker over another, including discounted commissions, differences in trading account requirements, available research tools and trading platforms, as well as the quality of customer support. Components assessed included blogs, articles, video content, seminars, webinars, and content organization, among others educational resources. Most tend to be in the middle free job online work at home of that and can enjoy 50:1 leverage on most currency pairs and 5 percent margin requirements. First place once again went to IG this year as the broker provides one of the most comprehensive offerings of educational materials for forex. Most brokers also have forums where traders can chat and help each other. Additional Services, additional services come in the form of educational materials: video, audio, and texts. The broker revamped its commission structure with the roll-out of additional tiers for both entry-level and active traders from its Asia offices. This does not impact our completely unbiased research, which is respected by broker executives as among the most thorough on the web.
As there is no substantial legal framework for online forex and binary options brokers operating in Nigeria, no authority is overseeing their business activities.
Forex trading is very popular in Nigeria today.