am new to the world of forex and i need your recommendation on a good and reliable froex broker that i can open account with. am in Nigeria. Thanks
In my opinion, ExpertOption is a pretty good option. I have been trading with it for a long time, so far only positive impressions.
Hi @seyifunmi7!
Welcome to the BabyPips community. We’re happy to have you.
We try to stay as unbiased as possible when it comes to recommending brokers so instead, I suggest you check out this lesson on the 6 Crucial Things to Consider When Choosing a Broker before making your decision.
Hope this helps!
Penelopip
You can try [SuperForex]. They have lots of offers and bonuses for new customers plus they offer local currency deposit.
For lower spread use my affiliate code is TJNT123 (writedown this)
Forex trading is still unregulated in Nigeria. Look for brokers who are, at minimum, already regulated by the South African Financial Sector Conduct Authority (FSCA), but also accept Nigeria residents.
Sticking with brokers who are regulated in multiple jurisdictions globally (EU, UK, AU) like FXCM, Pepperstone, and Saxo Bank would be safer choices.
That said, you must do your own research though since it’s your capital at risk.
I would like to suggest you to go with TurnkeyForex.com, I have been trading with them from a very long time. They got some real deal and quite amazing trading conditions. Low spreads & commissions and variety of accounts and offerings. Give it a try to them, I am sure you will not be disappointed.
without using practically thats really difficult to recommend at any broker , because right now so many brokers are available in this market place and most of them are found to be scams.