Best Training courses providers in Nigeria

Best Copy trading brokers allowed to trade in Nigeria. Rating with real reviews

Justforex is a broker who helps people make money in the financial markets by offering them the best conditions. Our international brokerage allows us to work with clients all over the globe. This allows us to recognize that everyone has their own values. When developing our services, we take into account the different cultures, countries and trading experiences of our clients. Justforex offers a range of trading accounts that offer many trading tools so that every trader can find the right one. We keep an eye on current trends to improve the services we offer traders as well as partners. We want them to be able to do the things they love without being distracted by other things.
Justforex Pros
Easy-to-use trading platforms for desktop, mobile, and web.
There are many forex currency pairs that can be traded.
Spreads starting from 0.0 pip with fast execution speeds
Copy trading and managed accounts
To test your trading online, demo accounts are available.
There are many options for quick and simple payments.
Islamic accounts for Muslim traders
MAM accounts
Social trading supported
Support team available 24/7
Bank accounts are kept separate from client funds
Justforex Cons
US clients are not accepted
Spreads High
Absence of top-tier regulations
The number of trading instruments is limited
Clients from other countries won't be accepted
After several days of inactivity you could be subject to Inactivity fees
Withdrawals charged
No FIX API connectivity
FirmFountain Multi Investment Ltd, a rapidly growing company, is passionate about forex trading, education and information technology "ICT". We offer consultation in all areas of our services and products.
Firm Fountain Multi Investment Ltd Pros
Ease of use
Superb customer service
Firm Fountain Multi Investment Ltd Cons
Design customization could use more work
Occasional glitches
Pepperstone provides a growing number of tradeable markets, high-quality research and support for multiple social trading platforms. It supports MetaTrader and cTrader, and it has a wide variety of third-party plugins and tools that enhance its already impressive range of platforms.
Pepperstone Pros
Pepperstone was founded in 2010 and is licensed in two tier-1 jurisdictions. This makes it a safe broker (low risk) to trade forex and CFDs.
Pepperstone's dual MetaTrader/cTrader offering is a great fit to copy traders.
Pepperstone offers multiple platform add-ons to enhance your MetaTrader experience.
Pepperstone's research is superior to the industry average, but it still trails leaders like IG and Saxo Bank.
Pepperstone has a growing number of markets that can be traded.
While pricing is competitive for active traders using Pepperstone's Razor accounts and retail traders, trading costs are average.
There are many social copy trading platforms.
Pepperstone Cons
Pepperstone's educational material range is comparable to industry average, but not as great as the category leaders.
Interactive courses, progress tracking or educational quizzes are not offered.
Trade360's innovative mobile and web app offers more than a thousand symbols. It supports MetaTrader 5 (MT5) which makes it an excellent platform for CFD and forex trading. Trade360's educational content and market research are very limited. Spreads can also be quite expensive when compared to other platforms.
Trade360 Pros
CrowdTrading offers trading signals that are guided by sentiment data from clients.
Six account types are available (minimum deposit ranges from $250 to $100,000).
Useful thematic indices are provided with Industry Stock and Smart Collects.
With the Self-Select feature, traders can adjust their leverage per trade.
The Economic Calendar Event Detail usefully displays affected symbols.
Trade360's mobile app closely matches the web platform experience.
ASIC in Australia and CySEC Cyprus regulate them.
Trade360 Cons
Access to Trading Central Tools requires a minimum of 1,000 Euros deposit
Spreads can be expensive. They range from 1.8 to 4 pip on EUR/USD depending on the account type.
Videos of financial market news are no longer available.
Daily Market Report focuses on technical analysis of just two key symbols.
There is a limited selection of educational content. Here are a few videos and articles.
There are only 10 educational articles available.
Executions of trades sent to Belize's IFSC-regulated entity PX Exchange.
HotForex (HF Markets Europe) has an enhanced MetaTrader offering, quality research and a copy trading platform. HFcopy offers a decent selection, over 1,000 CFDs, and 47 forex pairs. HotForex's trading costs are still slightly higher than the industry average. The HF mobile app doesn't yet support trading.
HotForex Pros
FX Blue Labs has developed Premium Trader Tools that enhance the default MetaTrader suite.
HotForex is able to balance in-house market analysis with third-party research content and news.
Special research reports are produced by an in-house team, including quarterly, annual, and monthly outlooks.
HotForex's Traders Board module offers sentiment and correlation data.
HotForex Cons
HotForex's educational content is lacking in quality, despite a good selection of videos.
All account types have trading costs slightly higher than the industry average.
HotForex's copy trading platform HFcopy requires 300 EUR to copy existing strategies. It is less mature than eToro’s offering.
Although the HF app has been improved, trading is not allowed. HotForex traders can only use MetaTrader.
Trading 212 is best known for its mobile trading application. It offers a simple-to-use trading platform for CFD and share trading as well as a wide range of forex pairs. Trading 212 is not a top-rated broker because of its attractive platform and large selection of symbols.
Trading 212 Pros
Trading 212's intuitively designed and easy-to use web trading platform was awarded Best in Class in our annual review for its ease-of-use.
A wide range of 1,785 symbols are available for CFD trading and forex trading.
Many exotic FX pairs are supported, 16 of which are against the Bulgarian Lev.
Provides indemnity insurance above EUR 1,000,000 with excess EUR 20,000 from the Cypriot regulator.
Trading 212 Cons
Mobile app does not offer any news headlines, except for the economic calendar events.
Apart from sentiment data, the web platform only allows for snippet-like updates.
Trading 212 does not have many written articles, despite the large number of videos.
MetaTrader is currently unavailable
Our mission is to help our clients succeed and expand the financial services industry in every country where we work. We are constantly innovating and making sure that our services remain relevant. One step is enough to travel 1,000 miles according to a Chinese proverb. This is the story behind Alpari. The company was established in 1998 and has been an international broker for more than 20 years. Alpari Limited is a registered company under the Registrar of International Business Companies number 20389 IBC2012. Alpari is a member of the Financial Commission which helps in resolving Forex markets disputes.
Alpari Limited Pros
Platform compatible for trading
All types of traders can benefit from the services of caterers
Seamless technology
Transparent
Alpari Limited Cons
We do not accept clients from Russia, Japan, the USA, or other countries.
Vantage completes its MetaTrader platform offering by adding support for multiple social trading platforms and content powered via Trading Central. Vantage is behind the industry leaders in key areas like research and education.
Vantage Pros
Vantage is regulated in two tier-1 and one tier-3 jurisdictions, making it a safe broker (average chance) to trade forex and CFDs.
Indemnity insurance is held to provide additional protection beyond what is required by regulations.
Vantage has done a great job integrating TradingView into the MetaTrader suite.
Smart Trader add-ons available for MetaTrader and multiple social-copy-trading platforms (not offered in Australia).
Vantage ranks again among the Top MetaTrader Brokers and Best Copy Trading Brokers in 2022.
Vantage Cons
Pro ECN accounts require a minimum deposit $20,000 which makes them unsuitable for budget investors.
A $1,000 deposit is required to gain access to the Pro Trader Tools powered By Trading Central.
The spreads on the Standard account are not impressive unless you deposit at minimum $10,000 to be eligible for active trader rebates.
XTB has more than 15 years of experience and is the largest stock exchange-listed FX & CFD broker in the world. There are offices in 13 countries, including the UK, France, Germany, France, Chile, and Poland. XTB is committed to providing the best trading experience for its clients. Our core values align closely with this vision. Our goal is to help clients become better investors. Our customer service team is available 24 hours a days, 5 days a semaine. We also have a large library of educational materials that includes videos, webinars, and courses for beginners as well as experienced investors.
XTB Online Trading Pros
Opening an account is easy and quick
Fast and free withdrawals
Some ETFs/stocks/ETFs have low forex CFD fees and commission-free.
XTB Online Trading Cons
Inactivity fee charged
We have limited fundamental data
CFDs limit product portfolio
Research in South Africa's Exness review reveals that Exness was established in 2008, with significant developments since then. Exness is a licensed broker in the United Kingdom and Seychelles, South Africa.
The Exness Pros
Regulated by United Kingdom of Cyprus, Seychelles and South Africa.
Client funds kept separate from other accounts
Broker for Dealing-Desk
Tight spreads
More than 130+ Currency Pairs With Multiple Trading Platforms
The Exness Cons
There are no multi-currency accounts

Is copytrading a good idea?

One reason people fear trying new things is that they aren’t equipped to do the job. Copy trading can be an attractive option for novice traders. You can start slow and learn how you trade. Forex trading in Nigeria is easy to learn. A great way to boost your confidence is to be able profit by following proven guidelines from the beginning of your trading journey. It is literally saying that you will be supported hand in hand by some of the most experienced Forex traders throughout every trade that you make.

Is Copy trading good for beginners?

Copy trading can be a good way to get started, especially if you don’t have much trading knowledge. Instead of investing your energy and time into learning the markets, copy trading allows you to simply follow the example of an experienced trader.

Can you get rich copy trading?

If the trader discovers a successful trader, copy-trading in Nigeria can yield high profits. Market risk is the greatest risk for traders when copy trading. Failure to follow a trader’s strategy could result in them losing money. When markets are volatile, traders also have liquidity risk. If the product they trade experiences sharp declines, rallies, traders may be at risk of being exposed to systemic risks.

How do I get into copy trading in Nigeria?

• Select a trader. Find traders by assets, performance, risk score, etc.
• Amount Enter a total number for the copy. It will automatically calculate the proportions.

• Click Copy. Click on the “Copy” button to automatically copy the positions of the trader.

It is easy and quick to set up your copy trade. You simply need to choose the user you wish duplicate, enter the amount you would like to allot, and click on COPY. You will automatically duplicate their positions in real time and in direct proportion. You can at any point stop or start copying a user.

Is copy trade legal in Nigeria?

Yes, you can copy trade in Nigeria provided your broker’s regulation by the Commodity Futures Trading Commission(CFTC) for forex and Securities and Exchange Commission(SEC) (for stocks).

How much does it cost start copy trading in Nigeria

It doesn’t matter how much money you have, there is no minimum investment required to begin copy trading here in Nigeria. While you can start your copy trading business with only $100, there are limited opportunities for those with less capital.
If you start with a very small amount, it is worth narrowing down your choices of signal providers to just one. You will otherwise quickly exhaust your margin. A few signal providers have minimum investment requirements to ensure trades will go through for the copier.

Which broker can you trust for copy trading in Nigeria?

  • List of the Top Copy Trading Platforms In Nigeria

 

JustForex.

• Firm Fountain.

• Pepperstone.

• Trade360.

• HotForex.

• Trading 212.

• Alpari Limited.

• Vantage.

• XTB Online Trading.

• The Exness

Does copy trade require you to pay?

While you are able to replace any existing accounts at any point, it is important that each trader you follow will have their own Invest account. There are no extra fees to use the copy trade function. The only exception is the payment you make to the Strategy Manager for any profit.