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Best Gold Trading Platforms allowed to trade in Nigeria. Rating with real reviews

1
JustMarkets
JustMarkets 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. JustMarkets 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.
JustMarkets 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
JustMarkets 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
2
Scope Markets
Provide premium trading conditions and institutional services to traders and businesses looking for that extra edge in trading. Flexible products and the best solutions for our clients are what we believe in. No matter whether we are providing services for individuals or businesses, it doesn't matter. We guarantee that we will never let you down.
Scope Markets Pros
There are many trading tutorials and courses available.
Support available 24/5, multilingual
Access to MT5
Commissions low
Spreads are quite tight
Market news, updates and webinars regularly
Scope Markets Cons
Instruments for trading with limited restrictions
No demo account
High initial deposit
3
IG International Limited
Our online trading platform is a leader in the industry, giving you access to thousands of financial markets and allowing you to trade. CFDs allow thousands of traders to profit from opportunities on shares, forex, indices and other financial markets. We are the No. 1 CFD provider in the world, and more traders trust us with money than anyone else. IG International has been licensed by the Bermuda Monetary Authority to engage in investment and digital asset trading.
IG International Limited Pros
You have great withdrawal and deposit options
Web trading platform of the highest quality
Excellent educational tools
IG International Limited Cons
Slow customer service
CFD and forex fees are high
Limited product portfolio
4
VT Markets
VT Markets is part of the Vantage Group, which gives it access to the MetaTrader suite and its own VT Pro trading apps. Despite offering a variety of third-party features, VT Markets is unable to compete with top forex brokers because of its limited research materials, lack of educational content and small number of markets.
VT Markets Pros
VT Markets is a regulatory body in one tier-3 jurisdiction. It is also part of Vantage Group which has licenses in two tier-1 countries.
VT Markets provides the complete MetaTrader suite and premium trading tools from Trading Central.
Trading costs at VT Markets vary from an average rate (when you use the VT Markets ECN Account) to a high price (if you choose the Standard account option).
VT Pro - The broker's mobile app - is simple to use and provides news headlines as well as research.
VT Markets has indemnity insurance as an addition to its regulatory protection.
Third-party support such as ZuluTrade copy trading and trading signals via Acceage
VT Markets Cons
VT Markets has fewer than 200 symbols, compared with the wide range of markets available at Saxo Bank and IG.
VT Markets has a limited number of educational content. This puts it in a competitive position with its peers.
Access to Trading Central Tools requires a minimum of $1,000 deposit
5
Firm Fountain Multi Investment Ltd
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
6
INFINOX Capital Ltd
INFINOX, a worldwide recognized FX & CFD broker has been regulated since 2009. Our presence is in more than 15 countries and offers premium client service and trading conditions worldwide. With over 100 years industry experience, our Management team is focused on clients. We can prove it.
INFINOX Capital Ltd Pros
Trade on 250+ financial CFDs
Multi-platform trading available, including MT4.
FCA regulated. ECN trading accounts available.
INFINOX Capital Ltd Cons
There are not many resources for trader education.
7
Bamboo
The Crypto version of these micro-investing platforms is Bamboo app. Bamboo app makes use of the power and efficiency of dollar cost average. This means that you only invest small amounts of money often. This strategy has been proven to be more effective than "timing the market". Bamboo is the only app that allows Cryptocurrency micro-investing in Australia. You can also use round-up technology to invest in Cryptocurrency. In this Bamboo app review, I will explore this round-up technology more. Bamboo allows users to choose their own portfolio mix from Bitcoin, Ethereum and Gold. The Bamboo App allows you to invest in Cryptocurrency if you have a Self Managed Super Fund. Bamboo automatically invests the round-up money when it reaches $50. Bamboo also allows you to make one-off investments. Automated investing in Cryptocurrency via bamboo is a great way for you to get exposure to this asset class. It happens because emotions and thoughts are removed, and it is done automatically.
Bamboo Pros
Cryptocurrency investing is easy with a low barrier to entry
Technology roundup
Automated investing
Custom Portfolio Construction
SMSF Functionality
Bamboo Cons
Low accounts could attract high fees
All investors won't be able to buy all Cryptocurrency.
Education content is lacking
8
Capitalfield Investment Group Ltd
Capitalfield Investment Group's day can be very chaotic, but also quite interesting. As an HR advisor, you are exposed to many challenges every day. You will have to manage people of different temperaments and personalities. I have learned a lot during my time with this organization. One such lesson is the ability to take on any challenge head-on and not give up. I have grown professionally and personally.
Capitalfield Investment Group Ltd Pros
Call incentives for free
Capitalfield Investment Group Ltd Cons
There are so many meetings that take up too much of one's personal time.
9
Trade360
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.
10
Trading 212
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

What is the purpose of gold trading?

Gold trading is the art of betting on gold prices in order to make a profit. It involves trading futures, options and shares as well as spot prices. During transactions, physical gold bars and coins are typically not handled. Instead they’re settled in cash.
There are many reasons that you might choose to trade gold.
The traditional mantra of “buy low, buy high” is not necessary when trading gold. It’s possible to go long or short on the gold price, taking advantage in both declining and rising markets. You can take any position you want, but the goal of gold trading will be to predict which market direction it will go in. The farther the market moves in the direction predicted by you, the more you profit. However, the bigger the loss, the less it moves for you.

Where can I get gold for trade?

Gold Futures
Futures contracts, which are the most popular way to trade precious metals, are the main method. A futures deal is an agreement to buy/sell gold at a specified price at a given date. Futures contracts can also be used to seize physical commodities. But, you don’t necessarily need to do so – futures contracts can be settled with cash.
Gold contracts are traded mainly through the OTC London market and the US futures exchange COMEX. Online gold trading brokers can trade futures in gold.
Gold Options
Optional gold trades give you the ability to buy and sell gold at a predetermined price. This is known as the strike value. It expires on a given date. While a call option can be used to buy the metal, a put or call option can be used to sell it. Gold futures are used as the underlying asset in most gold options. With the best gold trading brokers, you can trade your gold options.

How can I exchange gold in Nigeria?

There are numerous gold buying points located throughout Nigeria. Currently, your gold can be purchased at Gold Buying Stations in Abuja, Lagos, Ibadan, Mokwa and others. If you want your gold to be accepted, it should come in disc or bar format and must not contain any amalgam or mercury. You can also trade your gold online with some of the most reputable gold trading brokers in Nigeria.

How do you open a gold trading account?

You can quickly and easily find the right position for you in three easy steps:

  1. Select a gold trading market. Choose from one or more gold markets.
  2. Plan your trading strategy. Decide whether or not you want to trade on gold in the short-term.
  3. Open a live account.

CFDs let you choose whether to purchase or sell gold or gold-linked investments. You’d purchase if you anticipated the asset’s price rising in a specific time period and you’d sell when you believed it was going to fall.
To fully understand how the market will change, it is essential to do both fundamental research and technical research.

Which gold trading broker is the best in Nigeria?

Physical gold is preferred over gold stocks, gold mining stocks, and gold ETFs by long-term traders. Online gold trading brokers have made it much easier to purchase high quality physical gold. It can be shipped home or stored safely in a vault. But there have been instances of fake gold or counterfeit metal coins being sold online. You need to ensure that you’re buying from a reliable dealer.
Nigeria`s best online gold trading platforms:

  1. JustForex
  2. Scope Markets.
  3. IG International Limited
  4. VT Markets
  5. Firm Fountain Multi Investment
  6. INFINOX Capital
  7. Bamboo
  8. Capitalfield Investment Group
  9. Trade360
  10. Trading 212

Is it possible for gold to be traded?

Some believe that gold trades are the most difficult. It doesn’t move in the same way as other markets. If investors want gold trading to be rewarding, they should keep these points in mind.

  • Keep your mining stock trade positions, including those for gold, silver or other metals, small.
  • Pay attention at turning points and cycles. Many markets can be cyclical.
  • Every indicator you choose to use in the gold market should be checked for efficiency.
  • Only use moving-averages if you know they have worked in the past.
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