Using reputable forex trading platforms in Nigeria enables one to have access to the market around the clock and to speculate on currency pairings from all over the globe.
As much as your attitude, trading strategy, and overall approach to the markets play a part in your success or failure, your trading partner or forex broker is another massive factor that could lead you to victory or loss.
Exness has been around since 2009 and it is globally renowned for its competitive trading conditions, range of trading solutions, trustworthiness, and powerful trading software. Furthermore, here are 5 detailed reasons why you should choose Exness as your connection to global financial markets.
#1 Exness is trustworthy and multi regulated
In this Exness review you will find that Exness is an honest trading platform. Customers can access audits and key performance indicators by perusing the company’s publicly available reports, and it is governed by several regulatory bodies.
It is authorized to operate by many Tier-1, Tier-2, and Tier-3 international bodies, including the FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, and FCA.
Exness also ensures that no customer ever incurs a negative balance, so investors never stand to lose more than they initially put in. This makes Exness an excellent choice as forex trading platforms in Nigeria. Exness is audited regularly by Deloitte, which is widely recognized as a top auditing company.
#2 Exness offers several multi-currency accounts
In this Exness review, we can see that the broker offers five retail accounts namely a Standard, Standard Cent, Raw Spread, Zero, and Pro Account.
Of these accounts, four can be registered with Nigerian Naira as the base currency, with the exception being the Cent account, which can be registered with USC, EUC, GBC, CHC, AUC, or CAC as the base currency.
This exempts Nigerians from paying currency conversion fees when they deposit in Naira.
#3 Exness has the best liquidity
A high trading volume is something Exness can be proud of. According to the Exness website, the trading volume in June 2022 was $2.249 trillion and Exness already has 323,216 active traders.
In addition, Exness has also had $984.9 million in client withdrawals in the second quarter of 2022, with $88.6 million in partner rewards that have been paid out during the same period.
#4 Exness offers the best trading platforms
Exness offers the popular MetaTrader 4 and MetaTrader 5 platforms, which are critically renowned as the best platforms in the world. Nigerians can use these platforms on mobile, desktop, or most web browsers.
Exness also offers a proprietary trading app that can be downloaded on iOS or Android devices, providing powerful charting capabilities, more than 50 drawing tools, 100 indicators, and more.
#5 Exness offers a broad range of forex pairs
The platform offers Nigerians access to over 100 forex pairs spread across major, minor, and exotic currency pairs. This provides Nigerians with diversity and the benefit that they can use leverage from 1:500 on equity of $30,000 and more to unlimited leverage on equity of $0 to $999.
The achievements of Exness speak for themselves. This broker is one of the best Forex Brokers in Nigeria and the industry, and it is not difficult to see why. Regardless of whether they are beginners or experts, Nigerians can benefit from having Exness as their trading partner.
Also Read: 9 Common myths about online forex trading
Can Exness be trusted?
Yes, Exness has a high trust score of 97% and has regulations with several reputable entities that overview its operations. Exness also undergoes frequent audits and provides its financial reports and other documents on the website.
Is Exness good for beginners?
Yes, it is a good option for beginners as they can register a demo account followed by a cent account, giving them a safe live trading environment where they are not at risk of losing substantial amounts.