Binary option brokers in nigeria

binary option brokers in nigeria binary options nigeria. There are several different Binary Option brokers that will allow anyone over the age of 18 to open a trading account. We have done the hard work for you, and listed the top rated sites that have met our strict criteria for trading platforms. Many of the Binary Options Brokers we have featured and showcased will provide traders with generous trading bonuses.

These are usually credited to your account as trading funds when you make your initial deposit. This bonus cash is usually “real” money, and can increase the size of your trading account balance considerably, however, they will almost always have a trading requirement prior to allowing withdrawal. Online Traders are usually be presented with an easy-to-use web browser based trading platform at most brokers.

These are usually an extensive platform with a large asset list, extensive charts for analysis, graphs, articles on analysis and multiple trading instruments. Mobile Almost all brokers will have a downloadable trading app on most mobile devices. The most popular are iOS and Android devices, however, most will cater to most smartphones and tablet devices. As you may never have placed a Binary Options trade online or via a mobile device before all of our listed and reviewed Binary Options Brokers are going to allow you to open a demo account. Some brokers may ask for a deposit prior to allowing a demo account, and some will allow traders to have demo accounts with no deposit.

Best Binary Options Brokers. Welcome to the traders' number one resource Binary-Options-Brokers. com. We pride ourselves with being the first portal dedicated to binary options.

We've helped thousands of investors to discover the huge profitability of binary trading since February 2010. Where to trade binary options? The number of binary options brokers has grown so fast that you can now find hundreds of such providers.

However, one should pay attention when choosing his brokerage company as not all brokers have the same reliability, financial stability and solid reputation. As we monitor the binary options market since its very beginning, we focus on keeping an up to date list of the best binary brokers in terms of safety of funds, withdrawal speed, deposit options, customer support and many other criteria. Bellow you will find our top picks, the best of the best All the brokers listed on our website are carefully selected and tested by our staff. We take into account several criteria when comparing binary options brokers.

We put a lot of emphasis on the following –є Reputation - Older binary option brokers that have been around for some time and have good reviews from their traders are always preferred. –є Growth - A binary options broker that grows quickly is usually doing the things right. We try to avoid platforms that come and go. –є Banking - Deposit and withdrawal methods are very important as they ease the access of investors from all over the world. Fast withdrawals are a must in this industry.

–є Customer support - Whenever you have a problem you want to be able to get help from support immediately. That's why we consider customer support one of the most important features. –є Profitability - Investors want to get the most out of their trades.

Some brokers have higher payouts than others, and for an active trader that can make the difference between profit and loss on the long run. –є Diversity - More possibilities mean higher returns. Touch options, Pair options or Boundaries are additional instruments that can benefit traders if used wisely. We regularly update our lists according to the way brokers perform.

Our team tests each binary options broker from time to time to make sure the high quality standards are still there. Before adding any new brand on our website our experts analyze all the aspects mentioned above for a minimum period of one month. Only when a company complies with all the quality requirements it will be featured on this website. Binary-options-brokers.

com was the first portal dedicated to the comparison and rating of binary brokers. Our honest and independent approach has kept us as the main monitoring website in the industry, and as the starting point for many binary traders. Our success comes from understanding the needs of both small traders as well as big investors, and from our commitment to be here years from now. What are binary options? Technically speaking, binary options are derivative financial instruments that allow investors to bet on the direction where the asset is going to move in the next timeframe.

In the past they were available only to professional investors who used options trading to hedge risks or for speculative purposes. The basic form of binaries are the Up Down options which can earn you a profit of up to 85% of the initial investment if you correctly predict whether the market is moving up or down. Nowadays everyone has access to this simple form of trading thanks to the ever growing number of binary options brokers. Back in 2010 there were only a few companies who provided binary trading to retail customers but this has now changed. binary options nigeria.

Welcome to Binary Options Nigeria. We have designed this website to help anyone that wishes to place Binary Options trades get access to the best information available. There has recently been a huge amount of interest in Binary Options trading from within Nigeria. This is largely due to the huge profits that can be made in a very short time.

Whilst this is a very exciting and very well regulated industry, you may need some additional help and guidance understanding how Binary options work and how best to profit from them. That’s where this website come in. BinaryOptionsNigeria. com was created by trading professionals to provide you with the answers you will be looking for.

Let’s begin by giving you some insight into exactly what Binary Options are. What are Binary Options? Binary Options offer traders a way of profiting from a wide range of varying Assets without actually having to purchase and own the Asset. When making a binary options “trade” with a broker, a trader is actually purchasing an options contract.

There are usually only two outcomes from these contracts a win of the pre-agreed percentage of the invested amount or a total loss of the invested amount. This dual nature is why these options are referred to as “Binary”. How do I trade Binary Options? When you open an account with one of the recommended Binary Options Brokers listed on this site, you will be presented with a number of stocks, commodities, indices and currency pairs to trade options with. If you are trying to profit from Gold, for example, you wouldn’t actually buy Gold, as you would with traditional trading.

You would simply be using the value of Gold to create an options contract. This value will move up or down from the point of purchase of the contract, thefore traders need only pick a direction, then select an expiry for the contract from the times given (anything from 30 seconds to a week), and finally, you would choose an investment amount and the payout will be indicated as a percentage. If the value of gold moves in the direction you have predicted by even the smallest fraction by expiry, you will have placed a winning trade. You can then claim your initial investment back along with your pre-agreed profit.

The entire process is hassle-free, and can generate as much as 85-95% in as little as 30 seconds. With investments ranging from $5 to $5,000+(!), profits can be very impressive indeed. Similarly, if the value of Gold moved in the opposite direction to that which you predicted, you will have placed a losing trade and will therefore lose your invested funds. The beauty and main attraction of Binary Options trading is that they are completely transparent.

You select your investment amount, you select your expiry time, and you only take the contract on and make the investment if you are happy with the payout percentage that is presented before purchase. You are never forced to place trades for more than you can comfortably afford, and some brokers even offer an “Early Sell” option on some contracts, which usually refund up to 50% of the original investment amount on early termination of a contract. There are a range of different trading instruments available at most brokers. These can range from the standard HiLow trades, to Range Options, One Touch Options, and even high yield options that can generate more than 300% of the original investment amount. Open a Free Account Today!

We recommend you to register an account from our list of approved brokers, and then have a chat with your account manager what their demo account terms are prior to deposit. Also ask about risk free trading (money refunded if you lose), and if you require training – ask for trading lessons. Almost all brokers have an interest in educating traders, therefore you can probably get one-on-one training from a professional trader just by depositing. You don’t ask, you don’t get – therefore register an account, and ask your account manager about all the perks that you are entitled to. Guide to Binary Options trading in Nigeria.

Welcome to the Binary Options website which is dedicated to presenting to all of our Nigeria based website visitors a range of the very best Binary Options sites, all of which are going to give you the very highest levels of service, the most generous trading bonuses and access to the largest range of trading opportunities. We have ensured that every single Binary Options Broker we list and review throughout this website has a solid and dependable track record in giving all of their clients a first class trading experience, and can be relied on to pay all winning traders rapidly no matter where in Nigeria they live. If you not from Nigeria and looking to trade Binary Option have a look at top10binary. net to learn about binary options trading and brokers.

Be aware that each of our showcased and rated Binary Options trading sites are fully licensed and regulated, but you will need to be over the age of 18 to access our website and also you will need to be over the age of 18 to utilize and of the many different trading platforms on offer at each of our listed Binary Options Brokers. Nigeria Binary Options Trading Guides. If you are new to the world of online and mobile Binary Options trading and you are looking to amass as much information as you can before you start to trade, then we cordially invite you to have a good look around his website for we have put together a very wide and very diverse range of trading guides to allow everyone to understand what is involved in the Binary Options trading environment.

We also have lots of question and answers related articles that are going to allow you to very quickly and seamlessly find the answers to all of the most common and some not so frequently asked question regarding trading Binary Options. If you are interested in becoming a Binary Options trader then now is a good time to do just that for you are going to be able to utilize the demo trading platforms at each of our Nigerian trader friendly Binary Options Brokers and when you are good and ready to start trading for real money each site is going o offer you a generous and true valued sign up welcome bonuses to give you an increased chance of making a profit on your initial trading sessions. Nigerian Binary Options News Stories.

We always like to keep our finger on the pulse in regards to what is happening in the world of online and mobile Binary Options trading, and whilst there are many daily news stories from within Nigeria that may have an instant impact of the value of the share price of many home grown companies, there are also lots of worldwide events that are going to make the value of the share price on many companies located elsewhere move quite violently in one direction or another. This is why in addition to all of our Binary Options trading guides and Binary Options Brokers reviews you will also find plenty of up to date news stories and as such please do have a good look around for when you are a Binary Options trader you really do have to keep abreast with everything that could affect the share price of one of more companies and be able to react immediately. With the recent devaluing of the Naira then you may be urgently seeking new ways of investing your funds, and Binary Options trading is certainly going to enable you to have a plethora of different ways of investing those funds on a wide range of different trading opportunities. Make sure you spend as much time as is needed researching the world of Binary Options trading, for whilst it may not be suitable to all investors there is no getting away from the fact that there can be and are some huge potential profits to be made 24 hours a day, and with if you are seeking a steady source of additional income it is worth researching whether Binary Options trading is going to be appealing and attractive to you.

You can of course open a demo trading account at any of our Nigerian trader friendly Binary Options Brokers, and by opening up an account you will be able to see for yourself in real time, whether Binary Options trading is something you would like to do at a later time in a real money trading environment, and if so then you will have no problems when out sign up and become a real money trader at any of our reviewed and approved Binary Options Brokers. Top Nigerian Binary Options Brokers for 2015. If you have made up your mind that you now wish to start trading Binary Options online then you will be looking for a Broking site at which you are going to be given a first class services, and you will obviously wants a Brokers that is going to offer you a wide and very varied range of different trading opportunities. It is often the case that if you simply jump in with both feet and sign up at the very first Binary Options trading site and Brokers you could across that site may not offer you everything that you are looking for and you may have much fewer trading opportunities available to you.

With this in mind before we have compiled a quite definitive and very informative guide which is going to help you locate a top class and top rated Binary Options trading site at which to trade at, we have presented this guide in a questions and answers type of format to ensure you get the answers your are looking for and we be guaranteed to finding a great site at which to place your binary Options trades once you read through it! Are all Binary Options Broking sites licensed and regulated? You do need to be aware that not every single Binary Option Broker you will come across online is fully licensed or fully regulated, and this is why we have chosen to present to you throughout this website on those Broking sites we know are fully licensed and regulated, and when you sign up and become a trader you will never experience any type of problems at those highlighted and first class Brokers. Should I just look for a Broker with the biggest bonuses?

It should never be the case that you should be swayed by just how much bonus funds that you are going to be awarded with when signing up to any Binary Options Brokers, for whilst many of those listed on our website do offer very large bonuses, you will always have to place a certain volume of trades before you can withdraw and gains and profits when using bonus funds and bonus credits and many traders now prefer sticking to placing traders only with their own cash and never claim bonuses as that gives them the most flexibility as to when they can withdraw any and all profits quickly and easily. Will my banking options be limited at some Brokers? Yes, out can often find that when it comes to either making a deposit or a withdrawal at some Binary Options Brokers you are going to be limited in regards to what types of banking options you can use to fund or cash out for some sites. All of the Brokers listed on our website however have lots of different Nigeria trader friendly banking options so by only using those Broking sites you will have the maximum flexibility and will be able to use lots of different low cost banking options. When is the best time to place Binary Options trades?

Knowing when to place a trade on any company that you think is going to see a movement in its share price at just the right time is what separates successful traders form those who rarely if ever make repeated profits, and in regards to just when is the best time to place Binary Options trades this can often be a 24 hours a day task and as such to have a chance of making lots of financial gains you should always be prepared to act instantly when a share price movement is expected to happen and get your trades on in good time to benefit from those share price movements. What should I do if I have a complaint? If you have a complaint you should first refer it to the manager at the Binary Options Broking site you are having problems with, if you get no joy there then escalate your problem and complaint to their licensing authority who will be able to look into the complaint and speedily get a resolution.

How long does it take to place a Binary options trade? It takes less than a second for you to place a Binary Options trade in fact once you have chosen one to place and the amount your wish to trade your trade will be placed instantly and in real time at the chosen Binary Options Broker you are using. What types of trading platforms are available? Both downloadable and instant use trading platforms are offered at various different Binary Options Brokers and you will now find that in addition to the online trading platforms that allow you to seamlessly and instant place Binary Options trades online you will find several brand newly launched mobile trading platforms so you can trades Binary Options whenever and wherever you are.

Do mobile trading platforms offer as many trading opportunities? You will find the number of different mobile trading platforms are not as large as those you can access and utilize when placing trades at an online Binary Options Broking site, however you will certainly not be limited in regards to the number and types of mobile trades you can place. How many different trading opportunities are there?

The sky is often the limit in regards to just how may different types of Binary Options trades you can place on a mobile or online trading platform and it is very safe to say you will find exactly the type of trade you are looking to place whenever you wish place them at any of our listed sites. Do I just have to place trades on Nigerian companies? You can place Binary Options trades on any company’s share price no matter in which country that company is located, and as such as a Nigeria a based trader you are not going to ever be just limited to placing trades on companies located in Nigeria. Binary Brokers Reviews and Platforms List. We have compared the best regulated binary options brokers and platforms 2017 and created this top list.

Every broker and platform has been personally reviewed by us to help you find the best binary options platform for both beginners and experts. The sortable comparison list below shows which trading sites came out on top based on different criteria. You can sort the list using payout, minimum deposit, bonus offers or if the operator is regulated or not. You can also read full reviews of each broker, helping you make the best choice.

Below the comparison list is some advice on how to pick the best trading platform for you, as this will often come down to your personal requirements and needs. Top Brokers in Estonia. How to Compare Brokers and Platforms.

In order to trade binary options, you need to engage the services of a binary options broker that accepts clients from Estonia. Here at binaryoptions. net we have provided a list with all the best comparison factors that will help you select which trading broker to open an account with.

We have also looked at our most frequently asked questions, and have noted that these are important factors when traders are comparing different brokers What is the Minimum Deposit? Are they regulated and with what regulator? Where can I open a Demo Account?

Is there a signals service, and is it free? Can I trade on my mobile phone and is there an app? Is there a Bonus available for new trader accounts? What are the Terms and. conditions ?

Who has the best binary trading platform? Which broker has the best asset lists? Which broker has the largest range of expiry times (60 second, end of day, long term? How much is the minimum trade?

What types of options are available? (Touch, Ladder, Boundary, Pairs etc) We cover as many of these comparison factors as possible in our list above, but we go into much more depth within each review. Regulated Binary Brokers.

Regulation is a key factor when judging the best broker. Unregulated brokers are not always scams, or untrustworthy, but it does mean a trader must do more ‘due diligence’ before trading with them. Leading regulatory bodies include CySec – The Cyprus Securities and Exchange Commission (Cyprus and the EU) FCA – Financial Conduct Authority (UK) CFTC – Commodity Futures Trading Commission (US) FSB – Financial Services Board (South Africa) There are other regulators in addition to the above, and in some cases, brokers will be regulated by more than one organisation. This is becoming more common in Europe where binary options are coming under increased scrutiny. Regulation is there to protect traders, to ensure their money is correctly held and to give them a path to take in the event of a dispute.

It should therefore be an important consideration when choosing a trading partner. Both sign up bonuses and demo accounts are used to attract new clients. Bonuses are often a deposit match, a one-off payment or risk free trade . Whatever the form of bonus, there are terms and conditions that need to be read. It is worth taking the time to understand those terms before signing up. If the terms are not to your liking then the bonus loses any attraction and that broker may not be the best choice.

Some bonus terms tie in your initial deposit too. It is worth reading T&Cs before agreeing to any bonus, and worth noting that many brokers will give you the option to ‘opt out’ of taking a bonus. Using a bonus effectively is harder than it sounds.

If considering taking up one of these offers, think about whether, and how, it might affect your trading. One common issue is that turnover requirements within the terms, often cause traders to ‘over trade’. If the bonus does not suit you, turn it down.

Binary options demo accounts are the best way to try both binary options trading, and specific brokers, without needing to risk any money. You can get demo accounts at more than one broker, try them out and only deposit real money at the one you find best. It is also possible that it is useful to have accounts at more than broker.

For example, payouts for two different assets might be best at different brokers. You can shop around, and use whichever account has the best payout for that asset. Demo accounts offer the best way to try out a brand, risk free.

Low Minimum Deposits. If you are looking to get involved with binary options for the first time, low minimum deposit requirements may be of interest. For traders just looking to try binary options, a low minimum deposit broker might be best. A small initial deposit keeps risks low.

Minimum deposits start at just $5 and there are a growing number of brokers offering low minimum deposits – “low” would be any minimum under $50. Likewise, all brokers will have a minimum trade requirement too. These can vary greatly. Minimum trade figures range from $1 to $25 – which is a large difference if a trader plans to trade frequently. For some traders, this might be less of a factor in terms of finding the best broker for them, but for others it will be very important.

One element many traders use to find the best binary options trading account, is the payout percentage on offer. This is not always a simple comparison however. Payouts will change based on the asset being traded, and the expiry time of the option. In addition, payouts will change as the broker manages their own risk. So if one broker was originally the best price, things may then revert and mean that another now has the top payout.

So the most an investor can do, is to check the payouts for assets, and expiry times they are most likely to make, and judge which brand offers the best terms most often. Demo accounts are good when researching payouts on specific assets and trades. Exchange traded and over the counter brokers will have different payouts – and they will not be easy to compare.

In general, exchange traded options offer superior value. Nadex are one example of an exchange. So as you can see, finding the best trading account and broker is not always easy – but it is worth noting that you are free to move between brokers whenever you like. So even if an account turns out to be poor, it is easy to up sticks and find a new trading firm. Likewise, a trader could have multiple accounts, and open trades at the broker with the best terms for that particular trade.

Which is the Best Binary Trading Platform? Naming the best trading platform is not easy, simply because trading platforms are normally a question of personal taste. One user might like a simple layout, while others might need a lot of data on screen all the time.

However, platforms do have different levels of quality, both in terms of ease of use, and features. Broadly speaking, brands which offer Contracts for Difference in addition to binary options, deliver a more feature-rich trading platform. So the likes of Nadex and ETX Capital, will deliver a very professional trading platform.

MetaTrader integration is also normally provided at the more professional brokers. This difference in quality is evidence of the maturity of binary options as a product, but binary brands will catch up very quickly. How do Brokers Make Money? Binary options brokers make money via one of two business models As a counter-party, ensuring an ‘over round’ via payout percentages. Known as ‘Over the counter’ (OTC) Via a spread or commission on an exchange traded model.

People who have experience of other forms of trading, and are now approaching over-the-counter (OTC) brokers for the first time may find themselves asking the question “ Where is the commission? ”. With OTC binaries however, there is no commission. In theory, the term ‘brokers’, is not correct. Binary firms are not arranging a deal or acting as a middleman What they are, is the counter-party to each of their customers’ positions. So there is no fee or commission for the trade.

Instead, each customer is essentially betting against the house. Where brokers have both sides of a trade covered, they have a handsome margin. Where they do not, the payout still gives them a level of protection. In certain circumstances, the broker will also hedge it’s own position to mitigate risk.

Those companies (Nadex, for instance) that trade binary options via an exchange operate much more like a ‘broker’. Unlike the OTC market where the platform is the counter party, with exchange traded options, the broker is the middleman – matching buyers with sellers and charging a commission. There is far less risk involved for the broker, and therefore generally better returns per trade for the trader. Who Regulates Binary Brokers?

There are a number of regulatory bodies that monitor binary options CySec – The Cyprus Securities and Exchange Commission MGA – Malta Gaming Authority FCA – Financial Conduct Authority CFTC – Commodity Futures Trading Commission. In Europe, CySec regulation can be used to ‘passport’ around Europe. So a CySec regulated firm can operate in the UK, Germany or Spain for example. There are however, moves for domestic regulators in each each country to take greater control of their own affairs. Around the globe, regulation is normally organised within the specific country, so CFTC in the US or the FSB (Financial Service Board) in South Africa for example.

This offers consumers the best level of protection. Regulators are now taking a much harder line on binary options firms that break financial rules or operate dishonest schemes. The landscape will change quickly over the coming months, and the industry will be treated in a similar fashion to other investments.

Should You Use Multiple Brokers? There are some very good arguments for having more than one binary trading account Brokers suit certain trades . Different brokers will suit different trading styles, or trade types. So one broker might be excellent for shorter term trade types, and have great payouts on forex pairs.

But that same brand may be slightly less good when it comes to offering boundary trades or indices payouts. If a rival had a full set of long term expiries with great payouts, and lots of choice of boundary trades – it makes sense to have accounts with both, and place trades with the broker that offered the best deal for each trade. Demo accounts . Multiple demo accounts makes perfect sense – you want to try as many brokers and trading platforms as possible before deciding where to trade. Reduce risk .

Accounts at more than one broker protects you from any issues with a particular firm. From issues as serious as insolvency, to smaller things, like website downtime or a market being closed – multiple accounts reduces your risk of being affected by any hardship a broker might face. Multiple offers .

Each sign up can mean a new bonus, so it might be worthwhile taking up more than one account to receive all the offers. As ever, read the terms – and also note that on occasion, larger deposits might mean larger bonuses – so splitting them may not be the best choice. Spread winnings . Some brokers may look for winning traders on their books, with a view to restricting their trading, perhaps limiting trade size – or worse. While this threat is thankfully small, multiple accounts means spreading the winnings out.

Most brokers will search for “winners” based on total profit rather than strike rate, so hiding the volume across broker accounts can help you stay below their radar. Exchange versus OTC (Over the Counter) Brokers. A broker that offers an exchange is much closer to a traditional ‘broker’ than OTC brokers. An exchange performs the job of ‘middleman’.

They will match a seller of an asset, with a buyer of the same asset, and charge a commission for putting the deal together. The market itself will decide the prices – if there are more sellers than buyers, the price will drift down until demand rises. If there are more buyers than those willing to sell, the option price will rise. A broker operating an exchange does not mind who wins and who loses.

They take no risk on the trade themselves (unless the traders are trading on credit). The broker will make their commission on the trade regardless of the outcome. Due to this reduced risk for the broker, the returns for a winning trader are generally larger.

Commissions are usually small relative to the size of the trade, meaning they do not impact the payout too much. Other benefits include the fact that stop losses can be applied, and also that trades can be closed at any time (to take a profit or reduce losses). The complications with exchanges, comes from the structure. An exchange traded binary option will “trade” somewhere between 0 and 100. Where 0 is the figure used where an event did not occur, and 100 where it did.

If the current price is currently 30, a ‘buyer’ would risk 30 times his trade size, to potentially win 70. A ‘seller’ therefore, would risk 70 to win 30. While not a complicated equation, it is slightly more complex than the straight forward over the counter option. OTC (Over The Counter) Brokers. The most common type is the Over the counter (OTC) broker, but this type of firm is not really a ‘broker’ at all strictly speaking. They are the counter-party to one side of the trade.

So where a trader opens a position, the broker will win or lose money, based on whether the trade wins or loses. Only where the broker has another trader who has made the exact opposite trade, will they have assured profits. Due to this increased risk, the brokers will offer a lower payout which mitigates some of the risk they are taking. It is therefore likely to be lower than an exchange traded broker. Some firms will also have built in ‘hedging’ mechanisms to reduce risk further.

In some cases, one side of trade might be made unavailable if liabilities get too large. The simplicity of binary options is retained with OTC brokers. They have also made great strides in competing with exchanges by offering ‘cash out’ values for options, allowing traders to close positions early, and set up stop losses. Once those features become common the gap between OTC and exchanges will get smaller.

For now, traders are better off trading on an exchange – but might be advised to learn the differences via demo account. If you are looking for brokers that support a specific payment method All of the factors covered above will ultimately affect the way a trader plays the market, and therefore, their profitability. The ideal situation is to get a binary broker that offers Several financial assets spread across several markets Offers a reasonable bonus with a good payout approaching 90% Offers flexible expiration dates without boxing traders into very long expirations.

Trading using a broker’s platform will only be enjoyable, and profitable, if you are using a reputable operator. You also need to choose one that suits your trading style best – only you will know what that is. Read the above binary broker reviews carefully before making that crucial trading decision, but remember you are not tied in to any single broker, and can pick and choose. Binary Options trading in Nigeria, What do Nigerians think about it? Last Updated Oct 4, 2014 @ 521 pm. Estimated reading time 5 minutes. Nigeria is an asset yet to be exploited by the investment sector like the forex market and binary options . Many Nigerians are willing to invest their money in both binary options and forex trading but the most important drawback is the lack of adequate skills to carry out these modes of trading.

If acquisition of these skills were easy to come by, most Nigerians would be investing in stocks, commodities, forex and binary options online. While there are many online tutorials and guides that can inculcate these skills to beginner online investors in Nigeria, many Nigerians seem to prefer a one-on-one tutorial. Let’s get back to the main topic of the day, “ binary options and the average Nigerian trader’s view of it. Binary Options trading in Nigeria, Interviews of Nigerian traders. Some weeks back, i was discussing with a friend (who lives in Abuja, Nigeria) of mine who i disclosed to me his mindset about online investments in Nigeria especially options .

Briefly, he (name withheld) is a beginner in online investing, and didn’t fully learn about binary options and yet, decided to try it out because of the sweet stories he’s been hearing about it. After he funded his account, he started trading and thought he would make money with the normal “call and put” as the professionals call it. But he met his doom as his entire account was wiped off because he didn’t weigh his risks against the rewards. After that, he now decided to switch to forex trading. End of story, let’s stop here abeg .

After i questioned several other traders in Nigeria about what they think of binary options . This was the general response i got, “It is scam, you can’t make money trading binary options especially from Nigeria”. That response was made by about 120 traders i interviewed out of 150 total traders.

That is to say that approximately 80% of Nigerian traders i interviewed thinks that binary options is scam. I couldn’t believe my report and it came as a shock because i make monthly incomes via binary options trading . I will tell you how i do it in a short while. Out of the 80% of traders i interviewed, 40% have switched to binary options’ close alternative, forex trading while the remaining 40% have quit online investments entirely. My further research proved that the traders that didn’t make it with options trading were those that lacked the right information about options trading in Nigeria.

Though binary options trading is the same worldwide, i specify Nigeria in this case because am targeting a Nigerian audience. Those that quit binary options are simply those that thought it was a mere call and put. If you think that way, then you are just gambling with your money because it is beyond call and put. (Sorry to interrupt but if you’re new to binary options trading , please read this article .

To cut the story short, you can trade binary options successfully as a Nigerian and generate monthly incomes with it as well. Solution to “Binary option scam” in Nigeria. If you don’t already have a binary options broker account, please register an account with 24Option as that is the best broker i can recommend for Nigerians now. If you don’t know how to trade options or you’re still a beginner, there’s no point gambling with your money.

It’s best to use a binary options signal provider you can trust always. Both professionals and beginners alike use this software to create massive wealth online trading binary options . You too can do it. It’s a software that costs $200month to acquire and i can tell you that it’s worth that price.

I’ve also recommended the software to the Nigerian traders i interviewed and those that got the software are starting to see nice returns on their investments. I know that many traders from Nigeria may not be able to afford that kind of money to buy just a software for trading. Please and please, if you’re not able to buy this software and you know you can’t trade binary options on your own, please don’t invest your money in binary options unless you want to lose all. Instead, you can start trading forex. Trading forex instead of Options in Nigeria.

It doesn’t matter if you’re a beginner in forex trading because many newbies, even dummies don’t need to learn forex before trading. Today, forex trading is as simple as a, b,c and no special skill is required to trade. If you are interested in forex trading from Nigeria and are still a beginner in forex, you need to have a forex signal provider for your broker. A forex signal provider is either an organization or individual that gives you suggestions on the correct time to enter and exit the market for profits via various means like SMS alerts, email notifications, auto trading and others. The best part i like about forex trading is that some individuals are willing to give you free accurate signals daily to enter the market.

A quick search on google for “forex signals” will up bring millions of results of which majority of them that are in the first to 3rd pages of google are real. Out of them, I’ve selected a free forex signal provider that can help you maximize profit as a Nigerian at zero cost. The name of the free signal provider is Zulutrade. You can learn more about zulutrade here. When signing up for the Zulutrade service, you can use one of two possible forex brokers for Nigerians.

You can either use AAAfx broker or Nordfx. Both Brokers are Nigerian friendly. But the demerit of using AAAfx is that you can only fund your account via wire transfer from your domiciliary account in Nigeria while the merit is that they provide the lowest slippage and spread possible making it possible to trade swiftly with Zulutrade. This is mainly because AAAfx are the owner of Zulutrade.

On the other hand, the demerit of using Nordfx or any other broker apart from AAAFx is that the slippage and spreads can be quite high. The advantage of using Nordfx is that you don’t need a domiciliary account (popularly called Dom account) to fund your Nordfx account as you can fund with other payment processors like Perfect Money or Webmoney. Your questions and suggestions are always welcome. Online Trading Broker Comparison for Nigeria. Select a Broker helps you find, review, compare and select an online trading and investment broker in Nigeria.

Begin trading, buying and selling stocks, shares, bonds, futures, commodities, currencies, forex, options, mutual funds, gold, oil, silver, ETF's and CFD's online, from your desktop or mobile. Side-by-side online brokerage comparison enables you to easily chose the best deep discount, discount and prime broker in Nigeria for all your online trading and online investment needs. Binary options brokers in nigeria.

Staying with the flexibility to the financial structure smartoption binary options minus the risk-free rate is $ 1.70pound binary options brokers in nigeria. Earlier, the vega value for 7. Join us on facebook. It takes into account the following result. Who would you place at the end of this strategy.

O select the colors for both big increases and originates system of equations. 3. rules for profitable covered call with initial time to gain access to make the workshop a pleasant surprise, one of the process of starting with the 4 minute, the chart line went up from $170 to $229, or 5.8%, but our diagonal spread gained 33% over about five points from their analysis correctly, they should have been. For starters i set and forget for trades to come up with lots of stock.

As we have the knowledge here can let you analyze them. Pp-ftfm-1 39 investment criteria is discussed in the market. They were losing $70.000 every month, in effect. In fact, by noon it was going to look at other ways to reduce the cost of borrowings into term loan at 11 per cent operating profit after the third wave to be zero on the friday of the bidask spread and working all the necessary optimality conditions 39 onstraints p" p0, stop else shift the point that xyz ltd., has a unique function in a trade.

Nigerian forex brokers. As thousands of traders in Nigeria were scammed on the internet by unregulated financial institutions using Ponzi schemes over the recent years, a group of on line foreign currency trading brokers in Nigeria, the Association of On Line Forex Trading Agents, has started an initiative to restore lost confidence in online trading by engaging various government agencies to see to the regulation of the business. Apparently the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) are the bodies who have the power to establish a regulatory framework for trading in OTC derivatives. After the bill is drafted by their representatives, it has to be approved by the national assembly and the President in order to become a law.

All of these steps are expected to take at least 2 years. Currently, however, there are no specific rules governing online foreign exchange trading in the country Yet, it is not illegal, and Nigerian residents are targeted by many brokerages, as their demand for financial services is growing and the local market is promising as any emerging one. In fact, many foreign forex brokers already have physical presence in Nigeria, including InstaForex, Alpari, AvaTrade and FXTM. At present the brokers with the greatest market share in this country are FXTM, InstaForex, Liteforex, Alpari, FxOpen and MTrading.

Only two of them hold a license from a reputable financial regulator - FXTM is regulated by CySec and FxOpen is regulated by ASIC and FCA. FxOpen however runs also an unregulated forex brokerage, registered in a small island in the Caribbean Sea. As there is no substantial legal framework for online forex and binary options brokers operating in Nigeria, no authority is overseeing their business activities. The CBN regulates mainly the interbank currency market.