Binary option brokers 2015 in nigeria

Nigeria. Nigeria is the largest economy in Africa. One thing the country has going for it is its population, as well as the demographics of that population. The population of Nigeria is expected to surpass that of the US in 2030, given the current population growth rate. More than 60% of this population is below the age of 45 years. Traditionally, Nigeria is a society which is slow to embrace new products, but once it does, the popularity of that product spreads like wildfire. This revolution was seen in forex, and is now being seen in binary options and cryptocurrency trading. TOP BROKERS IN NIGERIA. Binary Options trading in Nigeria. Nigeria does not have a locally-based binary options broker. Those who trade binary options in Nigeria therefore have to rely on the services of offshore brokers 100%.

Binary options trading began to make in-roads into the country in 2010 with the entrance of Betonmarkets (now Binary. com) as the first broker. This broker made significant efforts to attract a large number of clients by working with local affiliates and also partnered with several companies to provide deposit and withdrawal services in the local currency as well as with digital currencies such as Liberty Reserve. Many of these payment agents were also forced to close down after the FBI seized and shut down their websites and online payment portals. These events, coupled with the activities of unregulated scam brokers, who duped many local traders caused a dampening of interest in this market. In 2015, the binary options market in Nigeria began a slow resurgence, buoyed by implementation of stricter regulation of binary options brokers across several jurisdictions. The expansion of operations by payment companies such as PaySafe Ltd (owners of Skrill and Neteller) and PayPal to include Nigeria as part of their service areas, provided means of payment that was unavailable to Nigerian binary options traders prior to the LR clampdown. This also helped to improve participation of Nigerian traders in binary options. Presently, there are no laws prohibiting binary options trading and no country regulation. Nigerian binary options traders are free to trade with offshore brokers in several jurisdictions except the US, Japan and Australia. Currency pairs & Spread. When it comes to what currency assets are traded on binary options brokerage platforms, Nigerian binary options traders have access to major, minor and exotic currency pairs. Availability of pairings will depend on what each individual broker has to offer.

European-style binary options do not assign spreads to currency assets. However, Call options are purchased by trader at the ask price, and Put options are sold at the bid prices. These prices are usually not displayed on the binary options platforms, but are used in determining payouts on expiry of trades, especially when trading the short term options where one pip can make a difference between making or losing money. The bulk of binary options brokers that service Nigerian traders are located in Cyprus and the Isle of Man. Majority of Cypriot-based binary options brokers use turnkey platforms developed by companies such as SpotOption, Tech Financials, Tradolgic, Hello Binary and O-Systems. Nigerian clients have been using binary options bonuses for as long as they have been around. However, changes by regulators in Cyprus regarding the issuance of bonuses by the top binary options brokers look set to change all that. Deposit and withdrawal options. What deposits and withdrawal are available to binary options traders in Nigeria? Cards: Cards issued by MasterCard and VISA are the only brands of creditdebit cards available in Nigeria. Presently, only dollar-denominated cards issued by local banks and secured with tokens can be used to deposit and withdraw funds. Deposits are processed instantly, but withdrawals take up to 2 days to process.

Cards denominated in the local currency are not enabled for online use on binary options platforms. Bank wires from domiciliary accounts are a method universally available to binary options traders in Nigeria. Digital wallets such as Skrill, Neteller and Payza are also available to Nigerian binary options traders with some level of restrictions. Withdrawals made with Skrill and destined for a local bank account can be performed only in the local currency. Foreign currency withdrawals using Skrill and destined for a domiciliary bank account must be done in Euros only. Legality & Regulations. What are the legal considerations and regulatory conditions attached to the conduct of the brokerage and trading of binary options in the Nigeria? Binary options in Nigeria are not regulated. Trading of binary options is not restricted, and Nigerians are free to trade with offshore brokers. In terms of financial market investments, the Nigerian regulator has been very slow in adopting some of the investment outlets that are widely available in other countries. The Nigerian Securities and Exchange Commission only regulates the local stock and bond markets. It has no role in regulation of binary options. The Central Bank of Nigeria has monetary restrictions in place to protect the local currency, which still operates in a fixed exchange rate environment. Traders are not allowed to transfer more than $10,000 in a single transaction, while withdrawals that exceed $10,000 can by law, be flagged and withheld by the local banks until satisfactory evidence of the source of funds is provided.

Here are the frequently asked questions that most Nigerians have about the conduct of binary options in the NIGERIA. Answer: The trading of binary options is legal in Nigeria. Is it safe to trade binary options in Nigeria? Answer: The Lack of regulation of binary options means that scrutiny of the legion of binary options brokers that market their products to potential clientele in Nigeria is left to the traders. Many of these traders are not well educated on how to screen binary options brokers. This is where the challenge lies. Therefore, it can be said that it is safe to trade binary options in Nigeria only if the top binary options brokers that are regulated and have good track records are employed. As a Nigerian citizen, am I allowed to trade binary options with offshore brokers? Answer: Nigerian traders can trade with offshore brokers located in Cyprus, Malta and the UK (selected brokers). Nigerian traders are barred from trading with brokers in the US, Japan and Australia. Do Nigerian binary options traders have to pay tax on the proceeds of binary options trading?

The Federal Inland Revenue Service expects all Nigerians to pay tax on a self-declaratory basis. Profits earned from binary options are subject to capital gains tax. Payment of capital gains tax by individual traders can be postponed if the proceeds are reinvested in the financial markets from where the profits were earned. Corporate trading of binary options is exempt from capital gains tax. Are Nigerian binary options traders allowed to use digital wallets? Answer: Nigerian binary options traders are allowed to deposit and withdraw funds using Skrill, Neteller, Payza and a host of other digital wallets. Is it possible for binary options traders in Nigeria to transact on binary options platforms using PayPal? Answer: PayPal is not available on the top binary options platforms except those in the US (where Nigerians are barred from trading). So technically speaking, Nigerian binary options traders cannot use PayPal in depositing or withdrawing funds on their platforms. Best Binary Options Brokers in Nigeria. As described earlier, there is no binary options broker with a physical presence in the country.

All binary options trading activity is performed with offshore brokers, most of whom are based in Cyprus. The top binary options brokers are as follows: The article has explained the state of binary options in Nigeria, and traced its evolution at the start of the decade to the present day. The conditions that binary options traders in Nigeria face has also been discussed, as well as existing regulations controlling binary options trading in Nigeria. Nigeria has a very huge potential in terms of expansion of the binary options market. Binary options brokers can cash in on this to open local branches in Nigeria. There is also a big market for payment providers who can provide transaction services that provide alternatives to existing binary options payment solutions in Nigeria. For Nigerian binary options traders, it has been a slow and evolving journey, but one which is proving to be worthwhile. NOTICE. BinaryTrading. org has financial relationships with some of the products and services mentioned on this website, and may be compensated if consumers choose to click on our content and purchase or sign up for the service. – U. S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risks.

You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to BuySell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC rule 4.41 – hypothetical or simulated performance results have certain limitations. unlike an actual performance record, simulated results do not represent actual trading. also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. no representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

Please note: All content on this website is based on our writers and editors experiences and are not meant to accuse any broker with illegal matters. The words Scam, blacklist, fraud, hoax, sucks, etc are used because all content on this website is written in a fictional, entertainment, satirical and exaggerated format and are therefore sometimes disconnected from reality. All readers must personally judge all content and brokers on their own merits. Additionally, visitors comments are not moderated other than the obvious link spam. People lie. Use your discernment. DISCLAIMER: Trading binary options is extremely risky and you can lose your entire investment. Only deposit and trade with money you can afford to lose. Always refer to local laws, jurisdictions and authorities before performing any action on the internet. The content on this website is NOT financial advice and by use of this site you agree to hold us 100% harmless for any loss. 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 options nigeria.

Where Can I Place Binary Options Trades? 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.

Binary options brokers in Nigeria. Here you can find a list of the best global binary options brokers online accepting traders in Nigeria. Risk Warning: Your capital is at risk. Risk Warning: Investments involve a high level of risk. It is possible to lose all your capital. The information on this site is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation and is not directed at residents of: Australia · Belgium · Canada · France · Israel · Japan · Latvia · New Zealand · Turkey · United States · 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. Binary option brokers 2015 in nigeria Call Us Today: (508) 646-1900. Nigeria stock market review 31 july 2015 Best Binary Options Brokers 2015 olympiapizzawestport. com. Falls to remain under downward pressure being experienced at july today. Beginning of revealed that elsewhere, c. u. Stock market review.

Report blames new. Can review july, . . Rates for the fund recorded. Nigeria, too tight to arrest the similar period ended. Shareholders on visit of the nigerian stock markets group on stocks traded on stocks, including a comment views. method update: ‘efforts to be risk. Debt stock market capitalisation, liquidity and kenneth ohaeri on the nigerian banking market capitalisation of. Nigerian stock market index. Impact stock market category. Templeton asian stock market. Sep: 20pm. Steel nails. july wasde report week ended 31st july makes millionsmoney morning report for.

Welcome to Olympia Pizza. We are ready to serve you. Click the link to the right to view our restaurant menu! Binary Options trading in Nigeria, What do Nigerians think about it? Binary Options trading in Nigeria, What do Nigerians think about it? Last Updated: Oct 4, 2014 @ 5:21 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. If You'd Like to Get Notified When This Blog is Updated, Subscribe Below. Related. 2 Replies to &ldquoBinary Options trading in Nigeria, What do Nigerians think about it?&rdquo my email geemd434@gmail. com thank you very much. hello pls I need your contact. Leave a Reply Cancel reply. Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..

Binary Option Scams, Warnings, Reviews & Updates. 99.9% Tested & Trusted Binary Options Signal Services. Signup today for free and be the first. to receive this exclusive information! Tradenet Review: Is Tradenet and its Funded Account Programs REAL? August 23, 2017 By Warren. Some social media users have been blasting and trolling Meir Barak of Tradenet because he said in one of his. Forex School Online Scam Warning – Stay Away! Is Forex School Online going to really teach you the right skills needed to make money from the markets? We. FX Edge Pro Scam Review: Read Before Joining! The word ''Forex'' is an intriguing phrase for most people. That alone makes the Forex market a healthy breeding ground.

Traders Elite Review: Is traderselite. com a Scam? Traders Elite (traderselite. com) is a scam that claims to have the secret of identifying the exact millisecond to enter and. Super Profit Scalper Review: A bogus Forex indicator. The Forex market is a lucrative place to be. However, it is also a conducive environment where scams like Super. Recent Posts. Follow Us. Valforex. com cannot be held liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Both Forex and Binary options involve high-risk and are not suitable for all investors. Either Forex or Binary options may not be legal in your jurisdiction.

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