Best Training courses providers in Nigeria

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

FP Markets is a low-cost broker that allows you to trade forex and CFDs - provided you use the MetaTrader platform. Although the Iress platform suite has well over 8,000 symbols that can be traded, it is primarily a share trading platform and tends to be more expensive. Forex and CFD traders can find a flexible, affordable MetaTrader option at FP Markets. However, they won't have the industry experts' research and educational content.
FP Markets Pros
FP Markets was founded in 2005. It is regulated by one tier-1 and one tier-2 jurisdictions, making it a safe broker (average risk) for trading forex or CFDs.
FP Markets offers MetaTrader Suite, as well as ultra-competitive spreads via its Raw ECN account.
FP Markets was again voted Best in Class for MetaTrader and Commissions and Fees in 2022.
FP Markets offers access to Iress Platform Suite which has over 8,800 tradeable symbol.
FP Markets Cons
Although the new mobile app by FP Markets is a welcome addition, it still lacks many features that are common in top mobile trading apps.
Although the educational content of FP Markets isn't particularly strong, it has improved over time with podcasts and more articles.
FP Markets' Iress platform focuses more on share trading than forex. Data fees can quickly add up if you are not an active trader or have a high-balance accounts.
FP Markets' social trading portal is compatible with MetaTrader 4 but lacks advanced performance metrics like copy trading leaders.
IC Markets' low prices and scalable execution make them a great choice for algorithmic traders. Although it offers a wide range of third-party plugins and tools, IC Markets education and research offerings are less impressive than those offered by industry leaders.
IC Markets Pros
It is a safe broker (average risk) that maintains regulatory status in one jurisdiction tier-1 and one jurisdiction tier-2. This makes it an acceptable broker for trading forex and CFDs.
Competitive pricing for all account types, with low average spreads.
Third-party research tools and trading plugins are available to enhance the IC Markets MetaTrader service.
IC Markets is the top-ranked MetaTrader broker for 2022.
It has significantly increased its market coverage from 204 symbols up to more than 3500.
IC Markets' low-cost and scalable execution makes it a great fit for traders who are interested in running algorithmic strategies.
IC Markets Cons
Trails the best Forex brokers in terms of its market research scope and educational content.
A proprietary trading app is not available.
OctaFX provides a low-cost, basic MetaTrader platform experience along with its social copy-trading platform. Although it has made significant progress in pricing options for traders but lacks a wide range of tradeable instruments as well as a variety of educational content, OctaFX is still a poor choice. OctaFX is also a holder of one regulatory license.
OctaFX Pros
OctaFX was founded in 2011 and is regulated by only one tier-2 jurisdiction (Cyprus). This makes it a high-risk broker in forex and CFD trading.
Keeps an increasing number of well-organized research with trading ideas, weekly forecasts and third-party content.
OctaFX is a brand new platform for social copy-trading.
OctaFX Cons
Customers who are served by the broker's offshore non-regulated entity in Saint Vincent & the Grenadines, (SVG), do not receive any regulatory protection.
OctaFX seems to have competitive trading costs. However, its listed spreads don't have corresponding date ranges and are paired only with a small selection of over 50 tradeable symbol pairs.
OctaFX is unable to compete in education with multi-asset brokers.
OctaFX no longer offers cTrader's platform.
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.