Reliable forex broker in nigeria



The same for other brokers not being regulated by the strict CFTC controls in the US. Pepperstone looked so good — great charts and a great market range!! We use the latest network and technology solutions. Do you have any other recommendations? FCA regulkation is great for UK based brokers, as they guarantee safety of funds. ForexMart is highly committed to offering the top-of-theline trading software, giving exceptional trading experience, protecting your account against any fraudulent activity, and equipping you with significant trading knowledge. This grants our clients more advantages over dealing desk market makers: FXCC strives to offer its clients the most competitive rates and spreads in the market.




One simple method we can use, in order to begin to understand reliable forex broker in nigeria concept of spreads in the forex market, is to consider the times when we change our holiday currency at a bureau de change. This is perhaps the simplest example of a forex spread that we see in our daily lives. The simple definition of a "spread" is the difference between the buying and selling price of a security. It can also be regarded as one of the costs of doing business when trading. The spread in the forex markets can be nkgeria as the difference between the various buying and selling prices on offer for any particular currency pair.

Before any trade actually becomes profitable, forex traders brokwr first account for the cost of the spread, automatically deducted by the broker. A lower spread naturally ensures trades will move into profitable territory earlier. In the forex markets investors are still exchanging one currency for another, trading one currency versus another.

Traders use a certain currency to take a position versus the other currency, betting that it will fall or rise. Therefore, currencies are quoted in terms of their price in another bro,er. The EUR euro would be the base currency and the USD dollar would be the quote, or the counter currency. So that is the straightforward, universal, method used to quote currencies in the marketplace, now let's look at how the spread is calculated. Generally this small spread is the broker's profit on the transaction, or the commission.

The bid represents the price at which the broker is willing to buy the base currency the euro in our example in exchange for the counter currency the dollar. Conversely, the ask price is the nigeriz at which the broker is willing to sell the base currency in exchange for the counter currency. Forex prices are generally quoted using five numbers. Now we have explained what spreads are and how they are calculated, it is important to stress the critical difference between the standard market maker broker with their advertised fixed spreads, and how an ECN fkrex STP broker such as FXCC operates, whilst offering access to the true market spreads.

And how a broker operating an ECN - STP model is the right choice arguably the only choice for traders who consider themselves professionals. Many traditional market maker forex brokers will advertise what they term their "low, fixed, forex spreads", as being an advantage to forex traders. However, the reality is corex fixed spreads cannot offer a significant advantage and in many instances may be misleading, given that market makers by definition reliable forex broker in nigeria their own market and a market within a sector in order to benefit their own profitability.

The trader may brooker the trade at what they perceive to be a fixed one pip spread, however, that spread may be three pips away from the true market pricing, therefore the actual spread paid is in reality four pips. Comparing this to an ECN straight through processing model, where the trader's order is matched by the ECN participants, it becomes apparent how essential it is for retail traders, who want to be considered professionals, to place trades through an ECN environment.

Therefore the spread on offer will always accurately reflect the true buying and selling rates for a particular currency pair, ensuring that investors are trading forex under real forex market conditions of genuine supply and demand parameters. A fixed spread may seem like a good thing when market conditions are optimal and there is heavy supply and demand. The fact is, a fixed spread remains in place even when market conditions are not the best and regardless of what the true buying and selling rates for any reliable forex broker in nigeria currency pair are.

We do not compete with our clients, or even trade against them. This grants our clients more advantages over dealing desk market makers: FXCC strives to offer its clients the most competitive rates and spreads in the ni. This nigerria the reason we have invested heavily in establishing strong relationships with reputable and reliable liquidity providers. The advantage our clients have is that they enter the forex arena on the same terms as the largest financial institutions.

RISK WARNING: Trading in Forex and Contracts for Difference CFDswhich are leveraged products, is highly speculative and involves substantial risk of loss. It is possible to lose all the initial forex com australia invested. Therefore, Forex and CFDs may not be suitable for all investors. Only invest with money you can afford to lose. So please ensure that you fully understand the risks involved. Seek independent advice if necessary.

FOREX OFFERS XL ECN ACCOUNT. Forex Tools Economic Calendar. Try our FREE demo account. Bolivia, Plurinational State of. British Indian Ocean Territory. Congo, the Democratic Republic of the. Holy See Vatican City State. Iran, Islamic Republic of. Korea, Democratic People's Republic of. Lao People's Democratic Republic. Macedonia, the former Yugoslav Republic of. Micronesia, Federated States of. Saint Helena, Ascension and Tristan da Cunha.

Saint Kitts and Nevis. Saint Martin French part. Saint Pierre and Miquelon. Saint Vincent and the Grenadines. Sao Tome and Principe. South Georgia and the South Sandwich Islands. Svalbard and Jan Mayen. Taiwan, Province of China. Tanzania, United Republic of. Turks and Caicos Islands. Venezuela, Bolivarian Republic of. Fixed spreads versus true market pricing Now we have explained what spreads are and how they are calculated, it is important to stress the critical difference between the standard market maker broker with their advertised fixed spreads, and how an ECN - STP broker such as FXCC operates, whilst offering access to the true market spreads.

This grants our clients more advantages over dealing desk market makers:. No conflict relible interest between FXCC and its clients. No limits on Scalping. FXCC strives to offer its clients the most competitive rates and spreads in the market. Seek independent advice if necessary.




Forex Trading Spreads | Low Spread Forex Broker | FXCC Forex Spreads


✔ Watch Electronic Currency Trade In Nigeria - Forex Trading Platforms In Nigeria

The Spread in the Forex markets is the difference between the various buying and selling prices on offer for any particular currency pair.
Overview of GCI Financial. GCI is a Foreign Exchange (" Forex ") and CFD broker, with a focus on superior trading conditions and customer service.
The best and most reliable Forex Broker is key to having trading success because without it you are going to cost yourself both a lot of money and time.

Add a comment

Your e-mail will not be published. Required fields are marked *