Start Trading Forex with Exness in Nigeria

Reasons for Exness Popularity

Exness is a popular choice among Nigerian forex traders for several key reasons. 

Low Minimum Deposit for Nigerian Traders

One big advantage of Exness is how little money you need to get started trading forex. They only ask for a tiny minimum deposit of just $10 (or around ₦15,000 in Nigerian naira). This low entry cost makes forex accessible to pretty much anyone interested, even if they don’t have much spare cash.

For professional accounts, the minimum deposit will be higher – $500 (or about ₦75,000 in Nigerian naira). But the benefits of trading with Pro accounts will be greater than with Standard accounts.

When the minimum deposit is so small, it removes a major barrier that could prevent many Nigerians from trying out currency trading.

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Support for MT4 and MT5 Platforms

One main reason traders like Exness is that it provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are favorites among forex traders worldwide. MT4 and MT5 are easy to use and come with powerful tools such as charts, indicators, and automated trading. They might look simple, but they are actually used by professional currency traders all over the globe. By offering MT4 and MT5, Exness lets Nigerian traders use the same top-quality trading software as the experts.

High Leverage Trading Conditions

• Exness offers super high leverage up to 1:2000 on some account types. What this means is you can trade really big position sizes compared to the actual money you have in your account.

For example, if you deposit just $100 but have 1:2000 leverage, you can control $200,000 worth of trading power! That’s a pretty crazy multiplier.

• However, leverage is a double-edged sword. Just like it can amplify your potential profits tremendously, it also amplifies potential losses just as much.

With that 1:2000 example, if your $200,000 trade moves just 0.5% against you, your entire $100 capital could get wiped out. Pretty risky stuff.

• That’s why responsible risk management is absolutely vital when using high leverage like what Exness provides. Never risk more than you can afford to lose. Proper stop losses, position sizing and money management techniques are crucial to survive with high leverage.

Financial Regulators and the Legality of Exness in Nigeria

Exness is a global broker that is regulated and licensed by well-known financial authorities. In Nigeria, forex trading is legal and regulated by the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN).

Exness has licenses from top regulators such as:

• Financial Services Authority (FSA) of Seychelles
• Financial Conduct Authority (FCA) of the United Kingdom
• Cyprus Securities and Exchange Commission (CySEC)
• Financial Sector Conduct Authority (FSCA) in South Africa
• Financial Services Commission (FSC) in Mauritius

These respected regulatory bodies make sure Exness follows high standards, operates transparently, and keeps client funds safe. This regulatory status gives Nigerian traders the confidence that they are dealing with a reliable and trustworthy broker.

Types of Accounts Provided by Exness

Exness offers five types of accounts In addition to the Standard account, there are four account types to choose from: the Standard Cent Account for beginners who want to start real trading with a small amount of money with low risk, the Raw Spread Account for intermediate and advanced traders with low spreads, the Pro Account, and the Zero Account, which eliminates spreads (for the top 30 stocks). You can choose from five account types.

Deposit and Withdrawal Methods

Exness offers many ways to deposit and withdraw money. They support different currencies like Nigerian Naira, US Dollar, Euro, British Pound, and more.

All transactions are done in real-time, and Exness does not charge any fees for deposits or withdrawals.

Exness Trading Platforms

Mobile App Exness WebTerminal MetaTrader 4 MetaTrader 5 MT4/MT5 Mobile

Mobile AppExness WebTerminalMetaTrader 4MetaTrader 5MT4/MT5 Mobile

Exness Mobile Application

The Exness mobile app lets you trade on your phone or tablet. It is made for Android and iOS devices. The app has an easy graphical interface. You can watch the markets and trade with a few taps. Android 2.1 and newer can use it. Also, iPhones, iPads, and iPod touch with iOS 9.0 or newer.

Key features are: add up to 9 time periods like 1 minute or 1 day, place market, limit, and stop orders, over 30 built-in indicators, over 20 trend lines, news feed, and push notifications.

Download Exness Mobile App

Exness WebTerminal

The Exness WebTerminal runs in your web browser. No need to install programs. Works on most modern browsers like Chrome, Firefox, Safari. Trade from any device with internet.

Open WebTerminal

MetaTrader 4

MetaTrader 4 (MT4) is a famous trading platform. It has many tools for analyzing markets, automated trading, charting. With MT4 you can use indicators, expert advisors, place orders like market, limit, stop.

Download Exness MT4 Terminal

MetaTrader 5

MetaTrader 5 (MT5) is the newest version of MetaTrader. Compared to MT4, it has more time frames up to 21, better charts, over 90 built-in indicators. It also has stop-limit orders, one-click trading panel, price board.

Download Exness MT5 Platform

MT4/MT5 Mobile

Trade on the go with MT4 and MT5 mobile apps for Android and iOS. The mobile apps have a simple graphical interface. You can add time frames, order types, indicators, trend lines. Works on Android 2.1+ and iOS 9.0+ for iPhone, iPad, iPod touch.

Download MT4/MT5 Mobile App

How to Register an Exness Personal Account and Open a Trading Account

In order to start trading on Exness, you need to fulfill a few simple conditions: register, pass verification, choose the type of trading account and fund it, download the trading platform.

Sign Up for Your Exness Personal Area

Signing up for an Exness personal area is simple.

1. Visit the Exness website
2. Find and click the “Open Account” button
3. Enter your personal details like name, email, password
4. Provide country of residence and contact information
5. Review and agree to the terms and conditions
6. Submit your application
7. Check your email and follow the verification link to activate

Create Exness Account

It’s a simple process to get your Exness personal area set up.

Complete Your Profile and Verify Identity

Next, complete your profile and verify your identity. This step is important for security and to meet regulations. Upload clear copies of your government-issued ID, like a passport, national ID card, or driver’s license.

Depending on your country and account type, you might need to provide more documents. These could include a recent utility bill or bank statement as proof of address, and information about your source of income.

Fund Your Account with a Low Minimum Deposit 

Once your profile is complete and verified, you can fund your trading account. Exness offers many funding methods, like bank transfers, credit/debit cards, and online payment systems.

One great thing about Exness is the low minimum deposit. This makes it easy for traders of all levels to start trading. The exact amount you need to deposit depends on the account type you choose, but it is generally affordable.

Open a Trading Account and Start Trading 

After funding your account, you can open a trading account. This is usually easy and can be done from your personal area.

1. Login to your personal area
2. Open a trading account
3. Choose your preferred account type
4. Your account will now be open and funded

Open New Exness Account

Once your trading account is opened and funded, you are ready to trade. You can use a variety of trading platforms including MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as well as web and mobile versions.

Exness Affiliate Program

Exness has a leading Affiliate Program with great payouts. As an affiliate, you can earn up to $1,850 for every client you successfully refer to Exness. The company provides different commission plans, so you can choose the one that suits you best.

One key advantage of the Exness Affiliate Program is the scheduled payouts, meaning you get your commissions regularly. Additionally, Exness is known for competitive commission rates, making their affiliate program an attractive opportunity.

Become an Exness Partner

Trusted by Nigerian Traders

Exness is trusted by many Nigerian traders for its good services. Local traders have shared positive experiences, praising the easy-to-use trading platforms, competitive pricing, and helpful customer support.

One trader from Lagos said, “I’ve used Exness for 2 years. Their platforms are simple, and trade execution is fast. Never had issues with withdrawals or deposits.”

A trader from Abuja said, “I like Exness’s transparency. Their pricing is clear, and I don’t feel cheated. Their support team is always available to help with any questions.”

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Exness Customer Support

Exness offers great customer support for traders:

• Available 24/7, 5 days a week, to help with any questions or issues
• Multiple ways to contact support: Live chat, Email, Phone.
• Support staff is knowledgeable, friendly, and speaks multiple languages to assist traders worldwide

Exness also has a knowledge base and FAQ section on their website with valuable guides and resources for all trader levels.

A Bit of Information About Exness

Exness started up in 2008. It was a small company back then. But the goal was big – to provide excellent trading services worldwide.

In the beginning, Exness worked hard on two things. First, making trading platforms that were easy to use. Second, offering great trading conditions like low spreads and fast execution. These efforts paid off. More and more traders joined Exness.

As Exness grew bigger, it got licenses from respected regulators. Licenses like from the FSA in Seychelles and CySEC in Cyprus. Having these allowed Exness to operate legally in many countries. It showed Exness provides a secure trading environment that follows the rules.

These days, Exness is considered among the biggest forex brokers globally. Over 2 million traders from 120+ nations use Exness. The company has won lots of “Best Forex Broker” awards over the years too. A sign of their quality services.

Exness keeps expanding with offices in Europe, Asia, Middle East and other regions. They keep adding new services and features. Things like education resources, powerful trading tools, fast withdrawals. No wonder many traders choose Exness as their top broker today!

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