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Win A $100 Trading Account expired

Additional FAQ

Try to find reviews about your broker and their bonuses to get a better understanding of what you are getting into. Look for the good and the bad, the do's and the don'ts, etc.

Don't be hasty and try to surf the internet for a while and come back when you have a better idea. Looking at the track records of your broker is recommended, make sure they are regulated and not a scammer.

Continue Reading at What You Need to Do in Choosing the Best Forex Bonus

  1. The first reason is that forex investments generally don't receive the same protection in the eyes of the law compared to instruments like stocks and futures.
  2. The second reason is modern forex trading through the net, where people could easily get in and out, even erasing their trails.
  3. Third, forex traders often deal with foreign brokers, which means that fund reimbursement becomes more complicated due to legal differences.

Investopedia mentioned that US NFA settled 166 cases in 2008, but only 23% received lost funds.

Continue Reading at How to Recover from Forex Broker Scams

We have made a list of the best forex brokers in Nigeria:

  1. IC Markets: Best for commission trading.
  2. FXTM: Regulated forex broker with various educational events.
  3. HF Markets: Popular broker with attractive bonus programs.
  4. OctaFX: Best broker for easy deposit and withdrawal.
  5. XM: Best broker with low spreads.
  6. Exness: Great for professional traders.
  7. AvaTrade: Multi-regulated forex broker.
  8. FP Markets: Suitable for advanced traders.
  9. FBS: Popular broker with diverse trading instruments.

Continue Reading at Best Forex Brokers in Nigeria

Some brokers might claim that they are in the process of applying for a license or a license extension. But in reality, not all brokers are true to their words. Some of them don't actually apply for any license and only use those words to steal the clients' funds. Even if the license is indeed "in the process", the broker's still unregulated during that time.

Continue Reading at Forex Regulation Insights: Defining Your Broker's Status


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