Best Training courses providers in Nigeria

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

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.
Trading non-domestic goods can be prohibitive because of capital requirements, data costs, and transparency. Further complicating matters is the inefficiency of converting local base currency to and from foreign currency. Sometimes the gains made in investment are negatively affected by simple currency exchange.
Eagle Global Markets Pros
It’s an excellence driven work place that comes with great perks!
Eagle Global Markets Cons
If you can’t take the heat, stay out of the kitchen. Egmarkets pushes you to grow out of your comfort zone and get the most value out of each day.
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
XM Group, a MetaTrader-only broker, offers a remarkable selection of market research and educational content. XM is not as competitive with the best brokers in this market, due to its limited pricing and range of markets.
XM Group Pros
Offers 1,230 CFDs, which include 57 forex pairs.
In-house research is complete with Autochartist and Trading Central.
If you wish to trade non-CFD securities, the XM Shares account will require a $10,000 deposit.
Great research content, including daily videos, podcasts, organized articles, and other media.
Live recordings and TV-quality video content are available for in-house broadcasting.
An extensive selection of educational webinars, articles and Tradepedia courses.
MetaTrader Suite - Offers complete MetaTrader suite, which includes signals market for copy trading and Analyzzer algorithm.
XM Group Cons
Standard account spreads can be more expensive than industry leaders.
Average spreads for the commission-based XM Zero account are not published.
Exness, is a forex broker and CFD broker that offers trading access in currencies, crypto and stocks. Exness provides their own Trading Terminal platform, MetaTrader 4 and 5 as well as MetaTrader 4. There are many account types to suit different traders.
Exness Trading Pros
Massive leverage up to 1:2000
The deposit processing time is instant
24/7 Customer Support
Exness Trading Cons
They don't offer ECN trading desks.
ETF cfd trading cannot be done.
Canadian and USA traders are not allowed to be accepted.
There are withdrawal fees.

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.