It is a good program for any trader who wants to trade with more volume on the markets. You can avail of this for free, and no restrictions for your account. There are only advantages to it, so talk to your account manager if you need help. Currently, Olymp Trade does not have any local office in Nigeria and no local phone support.

The good thing is you can reach the customer support team by Live Chat, Email, and Telephone. You need to ensure you will not be left alone when any problems occur.

You can contact support-en olymptrade. com for quick support. Olymp Trade Review. Yes, Binary Options trading is legal in Nigeria. And no rules are preventing it in Nigeria. The Central Bank of Nigeria CBN and the Securities and Exchange Commission SEC have the power to set up a regulatory framework for trading binary options in the country.

Currently, the lack of rules overseeing online binary options trading in Nigeria does not make it illegal. Traders in Nigeria can be sure that they are not violating any law. It would be best to choose a trustworthy broker like IQ Option, Olymp Trade, Binomo, or ExpertOption as these the most trusted names in the industry.

Often, new traders face a dilemma in picking the right broker. Choosing the right binary options broker is the first step when trading Binary Options. Brokers will work as a bridge in the financial market. There are many brokers available on the Nigerian market now. It is always good to check whether the broker is regulated or not.

So, newbies should be cautious if they want to ensure a safer investment. There are some brokers whom you might think are great, but are in fact scam. A binary options broker that offers a demo account is the first step to figuring out if it will fit your needs. If you want a Broker that provides you the potentially very profitable Boundary Binary Options, then try IQ Option Nigeria risk-free demo account.

Binary Options trading is less complicated, but it is not that simple you are thinking. There are lots of traders still losing money due to poor strategy and psychological fact. Just take the right decision with a small investment amount. Also, specific analysis skills, risk management skills, and good trading discipline can bring good money and the key to long-term success. Yes, Binary Options are considered one of the riskiest forms of investment.

You bet if the price will be higher or lower after a certain time. Keep in mind that you have to walk through a road where you will find many hindrances. And the best weapon you carry is your knowledge. And the risk is limited to the amount you decide while entering the trade. Just take it easy and make the right decision at the right time with a small investment amount. For beginner traders, before making any decision to trade with real money, it is important that you learn and practice in a risk-free demo account.

The traders can practice without the fear of losing money in this account. This account can be replenished for free if you lose all the virtual money in the account.

Technical Indicators for trading Binary Options Online investment has no guarantee, but there are plenty of tools and tips that could reduce the risk.

And these are extremely important when investing in binary options. Although there is a wide array of choices when it comes to which broker to sign up with, we highly recommend our readers to stick to reputable and regulated companies to avoid being scammed.

To assist our readers in Nigeria with their selection, we have come up with a list of reputable companies which cater specifically to the needs of these investors. In Nigeria, the main regulatory body that is in charge of regulating the financial services industry is the Nigerian Securities and Exchange Commission SEC. Formed in , it is mandated to supervise the Nigerian Stock Exchange to ensure orderly and transparent dealings of securities traded.

However with regards to online trading activities, the SEC do not regulate both forex and binary options trading. This is largely due to the fact that there is a lack of a regulatory framework to govern online trading even though the concept of online trading has existed in Nigeria since when online forex trading was first introduced. Nevertheless even with the lack of regulatory oversight in the online trading industry, Nigerians took to online trading like ducks to water when they discovered the lucrative returns which they could potentially earn from trading forex online.

Due to the over eagerness and lack of trading experience, the end result was many Nigerian forex traders got their fingers burnt. With mounting losses and a loss of confidence in the industry, many Nigerians began to shy away from online forex trading.

In addition, the trader gets the chance to nearly double his money within a span of a few minutes. Although there are currently no regulations governing binary trading activities in Nigeria, there have been recent calls to the SEC to come up with a regulatory framework to regulate the online trading industry. As to whether new regulations will be imposed by the SEC that remains to be seen.

As for now, Nigerians are free to trade in binaries without any legal impediments from the SEC. With online forex trading established since , Nigerians binary options traders will have no problems in trying to fund their trading accounts with the same methods which forex traders use.

All you need do is to open an Ethereum wallet on the spectre platform fund it and trade directly from your wallet. Since its your wallet, it means that only you have access to the fund in it, even the spectre team cannot access your wallet. It also means that you can only trade binary options on this platform using the Ethereum Ether ETH. You can withdraw this instantly any time you want. In my opinion, Spectre is the safest Platform since only you have access to your funds. Also Read: 5 Tops Exchanges to buy Ethreum Ether in Nigeria.

IQ Options is an all-inclusive trading platform that has in recent years dominated the market, especially in Europe. This platform at its inception started by offering Binary options Services. However, it has now upgraded to include other types of trading including Cryptocurrencies trading, stock CFD, Digital options and ETFs.

However, to withdraw your earnings you need to open a real account and fund it. The problem you might witness when using Iq options is that the web browser-based trading room might take a long time to load especially if your internet connection is slow.

However, it is very efficient once it has loaded. to bypass this loading problem, it is best you download the desktop app. This options broker is certified by IFMRRC International Financial Market Relations Regulation Centre and is authorized and regulated by Vanuatu Financial Service.

The User Interface is simple and straight to the point. Let me rephrase; Expertoption User interface is among the best I have seen; it is as good if not better than iq options user interface. But unlike iq options, expert options browser-based trading room loads fast.

You can open 2 trades at once and navigate through them seamlessly without losing sight of any of them. The downside to expert option is that it does not have a wide range of trading time. Its trading times are 1 minute, 2 minutes, 3 minutes, 4 minutes and 5 minutes.

This is unlike most digital options brokers that have a trading time from as little as 5 seconds to as high as 24hours. So I suggest you create a WebMoney account. You can fund and withdraw from your WebMoney account via instantgoldng. Olymp is owned and managed by Saledo Global LCC. It is located in St Vincent and Grenadines, a Caribbean Island in North America. The company was established in and has ever since risen to become one of the fastest-growing trading platforms in the world.

Trading here is seamless and lucrative, Olymp Trade does not only offer you a chance to earn but will also teach how to. This is made possible by a team of world-class analysts. Its users are constantly growing every day with over , traders and up to 35,, trades closed every month.

I found it very impressive that the broker is registered under the International Financial Commission FinaCom. FinaCom guarantees monetary compensation of up to 20, Euros to any trader who has been unfairly treated by Olymp. The fund in the demo account cannot be withdrawn. Once you are contented with the outcome, you can then fund your account with real money to proceed.

All the platform listed above are top notch; they have a solid interface, very responsive and friendly customer support and easy deposit and withdrawal methods. Age :- Deriv is over 20 years which is more than 2 times the ages of other options platform in this list meaning it has stood the test of time when compared with the rest.

Country: Pocket Options is the only Binary option on the list that accepts USA and Canadian residents. Safety: All the exchange in the list have proven to be safe, secure and reputable however Spectre took it up a notch as the only option platform that lets you handle your fund.

Trading Forms: Prime XBT, Deriv and Iq Options has gone beyond Binary options to include other trading forms such as CFD, MT5 etc.

In this post, I will be showing you the best 7 Binary Options Trading Platform available to Nigerians. I personally went through 23 Options Trading platform to come up with 7 of the very best. All 7 companies are all registered and closely regulated by regulatory bodies to ensure that its users a well catered for.

Like I said in the intro Binary options in one of the fastest and easiest way to make money through trading. However, the question asked by most people is not on winning or losing but on how easily they can make deposit and how fast they can make withdrawals when they have made profit.

If you choose to trade binary options, It very important you choose a reputable one. This is because there are quite a number of scam option companies out there that let you can make deposit but not withdrawals. I have personally made deposit and withdrawal from these 7 brokers, tested out their platform, spoken with their customer service and found them to be very efficient. Note : Most binary options trading company does not which to be addressed as binary options or options company anyone due to regulation.

What ever the name is, they still function the same way. Prime XBT Regulated No Minimum Deposit 0. Prime XBT was launched in and has grown exponentially since then. Prime XBT accepts deposit and withdrawals only in Bitcoins thus it does not require users to verify their account or complete KYC to trade. It also let you trade margin with up to times your initial capital. Read review Visit Site. Pocket options was established in by Gembell Limited.

It is based in Marshall Island and regulated by IFMRRC. Its has a solid user interface making it easy for users to quickly create an account to start trading. Its trading platform is available in web, desktop, android and iOS Versions, you will have no problems understanding this platform as a beginner. One of the reasons why this broker has grown so popular is because it accepts traders from every nook and cranny, including the USA and Canada. Its limitation is that it only offers binary options trading.

Read Review Visit Site. Deriv is one of the Oldest and most reputable Binary Options company. It was launched in as Binary. com but rebranded to Deriv in Its rebranding is to show that is has gone beyond binary options to offer more smart options trading form including;. Deriv as you can see has been in the game for over 20 year, it has over 1. It is regulated by multiple agencies in the UK since making it one of the safest platforms to trade on. Spectre is the first Brokerless decentralized trading platform built on the Ethereum Blockchain.

All you need do is to open an Ethereum wallet on the spectre platform fund it and trade directly from your wallet. Since its your wallet, it means that only you have access to the fund in it, even the spectre team cannot access your wallet. It also means that you can only trade binary options on this platform using the Ethereum Ether ETH.

You can withdraw this instantly any time you want. In my opinion, Spectre is the safest Platform since only you have access to your funds. Also Read: 5 Tops Exchanges to buy Ethreum Ether in Nigeria. IQ Options is an all-inclusive trading platform that has in recent years dominated the market, especially in Europe. This platform at its inception started by offering Binary options Services.

However, it has now upgraded to include other types of trading including Cryptocurrencies trading, stock CFD, Digital options and ETFs. However, to withdraw your earnings you need to open a real account and fund it. The problem you might witness when using Iq options is that the web browser-based trading room might take a long time to load especially if your internet connection is slow.

However, it is very efficient once it has loaded. to bypass this loading problem, it is best you download the desktop app. This options broker is certified by IFMRRC International Financial Market Relations Regulation Centre and is authorized and regulated by Vanuatu Financial Service.

The User Interface is simple and straight to the point. Let me rephrase; Expertoption User interface is among the best I have seen; it is as good if not better than iq options user interface.

But unlike iq options, expert options browser-based trading room loads fast. You can open 2 trades at once and navigate through them seamlessly without losing sight of any of them. The downside to expert option is that it does not have a wide range of trading time. Its trading times are 1 minute, 2 minutes, 3 minutes, 4 minutes and 5 minutes.

This is unlike most digital options brokers that have a trading time from as little as 5 seconds to as high as 24hours. So I suggest you create a WebMoney account. You can fund and withdraw from your WebMoney account via instantgoldng. Olymp is owned and managed by Saledo Global LCC. It is located in St Vincent and Grenadines, a Caribbean Island in North America.

The company was established in and has ever since risen to become one of the fastest-growing trading platforms in the world. Trading here is seamless and lucrative, Olymp Trade does not only offer you a chance to earn but will also teach how to. This is made possible by a team of world-class analysts. Its users are constantly growing every day with over , traders and up to 35,, trades closed every month.

I found it very impressive that the broker is registered under the International Financial Commission FinaCom. FinaCom guarantees monetary compensation of up to 20, Euros to any trader who has been unfairly treated by Olymp. The fund in the demo account cannot be withdrawn. Once you are contented with the outcome, you can then fund your account with real money to proceed. All the platform listed above are top notch; they have a solid interface, very responsive and friendly customer support and easy deposit and withdrawal methods.

Age :- Deriv is over 20 years which is more than 2 times the ages of other options platform in this list meaning it has stood the test of time when compared with the rest. Country: Pocket Options is the only Binary option on the list that accepts USA and Canadian residents. Safety: All the exchange in the list have proven to be safe, secure and reputable however Spectre took it up a notch as the only option platform that lets you handle your fund.

Trading Forms: Prime XBT, Deriv and Iq Options has gone beyond Binary options to include other trading forms such as CFD, MT5 etc. So like I said, it all depends on you. You can create an account with all of them, try them out to know the one that suit you best. I will start with Pocket Option though. the Initial deposit is more but it seems more solid.

Which of the Companies do you think should be added or removed from this list of top 7 binary options platform in Nigeria?

PS: If you want to learn how to trade cryptocurrencies profitably, then I suggest you enrol for our cryptocurrency mastery academy. Our students are already making daily profit by applying the strategies they learnt from the academy. Goto www. com to enrol. Trading Binary Options carries a high level because you cannot really predict the direction of the market this can work both to your advantage and disadvantage. As a result, Binary Options may not be suitable for all investors because it is possible to lose all of your invested capital.

You should never invest money that you cannot afford to lose. Before trading, please ensure to understand the risks involved. I wish I can be added to a group of traders so we can share candid advices and knowledge of trading.

Hello Vincent, You can join us on Telegram where you can exchange ideas with our large community of traders. Thanks so much for your time to put these together. Thanks and God Bless you.

Chris Ijeh Osita. Thanks dear friend for spending your time to furnish us with useful information on option trading in Nigeria. Nonetheless, I still need you to kindly clarify specifically about which of the platforms offers lateral spread in option trading and the minimum trading fund required for a start. This site uses Akismet to reduce spam. Learn how your comment data is processed. Friend's Email Address. Your Name. Your Email Address.

Prime XBT. Regulated No. Minimum Deposit 0. Read Review. Visit Site. Regulated Yes. Iq Option.

As described earlier, there is no binary options broker with a physical presence in the country. Olymp Trade is one of the most famous and claims to be the fastest growing online brokers worldwide. Also, it will help you to grow your account. Save my name, email, and website in this browser for the next time I comment. So I suggest you create a WebMoney account. You can achieve success and minimize the risk by signing up with a reliable Binary Options broker in Nigeria. In fact, it is one of the most profitable.

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