Mobile Trading 9. Asset Coverage 9. Fees 8. Security 9. Pros Regulated By CySEC Foundation Year: Min. Cons MetaTrader Or CTrader Platforms Not Offered Not The Highest Leverage On The Market Limited To Certain Jurisdictions.

VISIT IQ OPTION. ExpertOption Broker. Customer Support 8. Asset Coverage 7. Pros Regulated By FMRRC, VFSC, MiFID and CySEC Foundation Year: Min. Olymp Trade Broker. Mobile Trading 8. Asset Coverage 8. Cons Limited To Certain Jurisdictions. VISIT OLYMP TRADE. Pocket Option Broker. Fees 9. Security 8. Cons Not The Highest Leverage On The Market. VISIT POCKET OPTION. Binomo Broker. ASIC, BaFin, CMA , CySEC, DFSA, FCA, SCB.

MetaTrader 4, MetaTrader 5, cTrader and TradingView. Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. FXTM includes a Micro Account with a cheap initial deposit, a great copy trading platform, and a range of learning courses in both video and written media, among other things. On Go Markets Website. If you believe it is, you buy; if you believe it is not, you sell.

This means that you have lost your capital, but not anything else, because your risk has been limited. This will prevent you from putting too much money at danger and losing more money than you can afford to lose. Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others. Nigerians must beware when dealing with brokers that only have offshore regulations such as FSA, SVG BVI, FSC, and others.

Nigerians must consider what they wish to trade and what is available. Traders must ensure that the trading platform has the necessary technical indicators, fundamental analysis, technical analysis, economic calendar, charting, newsfeed, and other tools they may need. Education includes some of the following:. Compared to other high-risk trades, trading in binary options with a broker is far safer in general. There are just two possible outcomes: winning or losing a certain sum of money.

Additionally, there are no additional fees or commissions involved. Binary options trading is legal as long as it is conducted through a legitimately regulated binary options broker. Trading binary options on currencies between 8 a. and 12 a. is ideal. A majority of trading takes place between 8 AM and 12 AM Eastern Standard Time in the United States and Europe.

Most binary options are traded on a 24 hour basis. There are certain times when binary options are better traded than others. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Windsor Brokers Review. FXChoice Review. Scope Markets Review. FXPesa Review. Weltrade Review. How to Invest in Bitcoin in Nigeria. How to Invest in Crypto in Nigeria. Take advantage of low trading costs with no transaction fees or currency exchange rates.

Best Trading Platform. Forex Trading Platforms. Broker Reviews. OPEN AN ACCOUNT. This is a complete list of binary options forex brokers in Nigeria. Which binary options brokers are best for Nigerian Traders? How to compare binary options forex trading brokers against each other? Which brokers offer a signup bonus for first-time traders? Which Binary Options Brokers offer a mobile app on IOS and Android? Louis Schoeman. Updated : September 5, Alpari Yes 1, NGN Yes Yes 👉 Open Account 2. AvaTrade Yes 41, NGN No Yes 👉 Open Account 3.

HFM Yes 2, NGN No No 👉 Open Account 4. Pepperstone Yes 60, NGN No Yes 👉 Open Account 5. FXTM Yes 10, NGN Yes Yes 👉 Open Account 6. FP Markets Yes 30, NGN No Yes 👉 Open Account 7. GO Markets Yes 61, NGN No No 👉 Open Account. What are binary options? Overall Rating. Min Deposit. Trading Desk. MetaTrader 4. Total Pairs.

Islamic Account. Trading Fees. Account Activation Time. Read Review. ASIC, FSA. MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central. CySEC, FSC, FSCA. MetaTrader 4 and MetaTrader 5. FP Markets. ASIC, CySEC. MetaTrader 4, MetaTrader 5.

CySec, FSCA. GO Markets. ASIC, CySec, FSC, FSA and SCA. Understanding how binary options work 👉 When it comes to binary options, the assumption is a straightforward yes or no proposition: Will an underlying asset be trading above a specific price at a certain time? How to set up a binary options contract 👉 A contract for a binary option is composed of three fundamental components: The market on which everything is built.

This is the market on which you want to trade — typically brokers offer forex, stock indexes, commodities, and sporting events as trading options.

The striking price is the price at which a contract is terminated. This is the critical price level at which the market must operate. The striking price is critical to the decision-making process in binary options — in order to conduct a trade, you must determine whether you believe the underlying market will be above or below the strike price.

However, some people have never in Nigeria have never heard of Binary Options or do not understand what exactly they are, but are keen to learn more about them, and that is the purpose of the following guide.

Below I am going to give you an insight into what they are and pass onto you a few trading tips, and that should hopefully allow you to make up your own mind as to whether they are a type of financial product that you will be willing to embrace and trade.

In their most basic form, Binary Options are simply a type of financial trade on which you have to correctly predict whether something is going to rise in value or fall in value over any given time period, and if you predict the way those values move then you have placed a winning Binary Options trade and are paid out accordingly. As for just what you are going to be able to place Binary Options trades on if you do live in Nigeria, well there are certainly going to be lots of different commodities, currencies and assets that you can pick and choose from, and below are some of the most popular types of Binary Options trades that Nigerian traders do base their trades around.

Currency Pairs Trades — You will have the opportunity of placing currency pairing trades at most Brokers sites and on their apps too, and what you have to try and do is to pick a currency that is either going to increase or decrease in value against the other one to have placed a winning trade.

Stock Trading — Stocks are another popular type of Binary Options trade that you are going to be able to place in Nigeria, and as such simply pick a company and then accurately predict if that companies shares will increase or decrease on value over a set time period. Below you will find a very good mix of different types of Binary Options trades that you can place from Nigeria, so do learn more about each type of trade as by doing so you will always have the option of placing them when you spot one that looks profitable.

It is important that you keep the processing costs and fees down to a very low level when you make a deposit or a withdrawal from your trading accounts, so if you can do try and use a debit card to make deposits as you can then have your profits sent back to the bank account that card is linked up to.

By learning more about One-Touch Binary Options you are going to find a whole new and very exciting world of Binary Options trading, and as soon as the trade touches the way you predicted it would then you will have placed a winning trade. It is the Call and Put Trades that are the most basic types of trades you an place these days, and as such if you are new to Binary Options trading then please do discover how those types of trades work and operate as you will have loads of those types of trading opportunities available to you know matter where you choose to place your Binary Options trades.

No trader is going to want to have to pay currency conversion fees and charges when they top up their Binary Options trading accounts or when they make a withdrawal from those accounts. That is why you should actively ensure that the Broker you do sign up to and trade at gives you the option of depositing, trading and withdrawing your profits in Nigerian Naira, and plenty of them do by the way.

You will never want to experience any delays regarding making a deposit into your trading account and you will certainly not want to experience any delays when it comes to cashing out and withdrawing your profits either. That is why you will find all top-rated Brokers will offer their customers a very diverse range of different payment options which can include options such as bank wires and web and e-wallet payment options too.

Some type of Binary Options trades will allow traders to cash out any profits early, however do keep in mind that rather than wait for the full expiry time of such trades, when taking an early cash-out option you will be offered a smaller percentage of your profit, but many traders prefer to take such an early cash-out option to guarantee them a winning profit on such trades.

Just be aware that not every single Binary Options Broker that you come across online will be approved and fully licensed. However, to make finding licensed and approved Broker easy, you are going to find all the top-rated ones showcased to you throughout this website, so do feel free to read out reviews of each of them.

To keep your Binary Options account safe and highly secure, and to ensure that your details are validated too all Binary Options Brokers will require you to send into them a copy of a Government issued identification document such as a Driving License or a Passport, along with a recent utility bill to validate your address, that process is streamlined so you will not be waiting long to get your account verified. You can of course place absolutely any type of Binary Options trade legally from Nigeria, but to ensure that you never experience any problems placing such trades, then I do urge you to stick to trading at those Brokers that you see showcased throughout this website, as they are all fully licensed and as such they offer a highly regulated trading environment for all Nigeria based traders.

Binary Options Brokers Nigeria. Popular Trade Types in Nigeria As for just what you are going to be able to place Binary Options trades on if you do live in Nigeria, well there are certainly going to be lots of different commodities, currencies and assets that you can pick and choose from, and below are some of the most popular types of Binary Options trades that Nigerian traders do base their trades around.

Top 10 Trading Options in Nigeria Below you will find a very good mix of different types of Binary Options trades that you can place from Nigeria, so do learn more about each type of trade as by doing so you will always have the option of placing them when you spot one that looks profitable.

Resources By learning more about One-Touch Binary Options you are going to find a whole new and very exciting world of Binary Options trading, and as soon as the trade touches the way you predicted it would then you will have placed a winning trade.

Frequently Asked Questions Can I Place Trades in Nigerian Naira? Nigeria Trader Friendly Payment Options You will never want to experience any delays regarding making a deposit into your trading account and you will certainly not want to experience any delays when it comes to cashing out and withdrawing your profits either. Can I Cash-Out Early? Which Binary Options Brokers are Approved?

How do I Get My Binary Options Account Verified? Are Binary Options Legal in Nigeria? Can I place Binary Options Trades on a Mobile? Share this article:.

Thanks to the efforts of the likes of Steve Jobs, we now have smartphones that can be used as mobile computers. No trader is going to want to have to pay currency conversion fees and charges when they top up their Binary Options trading accounts or when they make a withdrawal from those accounts. Is there a difference between binary trading software and the trading platform? The list is not very exhaustive, but we consider this a good place to start. How to trade Crypto Best Time to Trade How to succeed as a trader Is forex trading legal in Nigeria? In my opinion, Spectre is the safest Platform since only you have access to your funds. It is essential that you choose a broker who can provide live customer chat services, manned by responsive staff who can attend to your requests promptly.

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