Broker Recommendation

Hello everyone, I’m new here. Which broker could be best recommended in Nigeria. I’ll appreciate your responses. Thank you all.

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Hi, did you finish the education section already?

Yes, I did here on babypips

I have a buddy in Kenya, he was the one who introduced me to Forexchief. Easy to use. The fact that he comfortably use the broker from Africa, I think you can too. Check em out and also the reviews at Forexpeacearmy.com, there are other good options there too.

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Thank you very much

Before choosing a broker, I think it is essential to know your expectations or needs from a broker, what do you want from a broker. Let me provide you with the names that are suited for almost everyone. Try out etoro, turnkey forex, IC markets, XM, and Alpari. These are good brokers for beginners. Trading with IC markets and turnkey forex myself and quite satisfied with them. They got low spreads, low commissions, effective trading platforms and good trading conditions. Check em out.

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Before choosing a Forex broker you always should research at internet and try to find a broker with good online reputaion and broker should be registered and regulated.

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Check the reviews for ICM on FPA before using them. There is an ongoing case against the company.

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This is a good choice. I have positive experience.

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Hey Gove1971,
Do you know where IC Markets secures Dposits?

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I am yet to open an account, still learning, but a fellow trader friend of mine recently opened accounts with XTB and Fxview. Heard only good things so far - in terms of market access and transaction costs.

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You can try Eagle FX, Crypto rocket, Trader’s way…

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Yes that is true, you’ll need to be careful before choosing offshore brokers.

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Use a broker that gives low spreads and offers high leverage. IG, XTB, Fxview, Oanda are some reliable names.