How to Open a Naira (NGN) Account on Exness

For Nigerian traders, opening a Naira (NGN) account on Exness offers a convenient way to trade without worrying about currency conversion fees or exchange rate fluctuations. A Naira-denominated account allows you to deposit, withdraw, and trade directly in NGN using local payment methods, ensuring faster transactions and lower costs.

By choosing an NGN account, traders in Nigeria can benefit from instant local bank transfers, mobile payments, and seamless withdrawals, making forex trading more accessible and efficient.

Introduction of Naira Account

A Naira (NGN) account on Exness is a trading account that allows Nigerian traders to deposit, withdraw, and trade directly in Nigerian Naira without the need for currency conversion. This eliminates exchange rate fluctuations and conversion fees, making trading more cost-effective and efficient.

By opening a Naira account, traders can use local payment methods such as bank transfers, USSD, and mobile wallets, ensuring faster transactions and lower costs. This account type is ideal for Nigerian traders who want to simplify their forex trading experience with seamless financial operations.

Steps to Open a Naira Account on Exness

Opening a Naira (NGN) account on Exness is a simple process that allows Nigerian traders to deposit, withdraw, and trade directly in NGN without worrying about conversion fees. Follow these steps to get started:

Register on Exness by going to www.exness.com, clicking on “Sign Up” at the top right corner, entering your email address, phone number (Nigeria), and password, selecting Nigeria as your country of residence, and clicking Continue to create your account.
Verify Your Exness Account by logging in to your Exness Personal Area, clicking on “Verify Account” and completing the required steps (uploading a valid Nigerian ID, providing proof of address, and verifying your phone number via an SMS code), then waiting for verification approval which is usually processed within minutes.
Choose NGN as Your Account Currency by going to “Open New Account” in your Personal Area, selecting the account type (Standard, Pro, Raw Spread, or Zero), choosing Naira (NGN) as your preferred currency, and clicking Confirm to finalize your account setup.
Fund Your Naira Account by going to the “Deposit” section in your Exness account, choosing a local payment method (Bank Transfer, USSD, Mobile Wallet), entering the amount in NGN and following the payment instructions, after which your funds will reflect instantly or within minutes.
Start Trading once your deposit is successful by opening MetaTrader 4 (MT4) or MetaTrader 5 (MT5), logging in with your Exness trading account details, and selecting currency pairs or assets to begin trading.

Benefits of Opening a Naira Account on Exness

A Naira (NGN) trading account on Exness offers several advantages for Nigerian traders, making forex trading more efficient, cost-effective, and accessible. Below are the key benefits of using a Naira account on Exness.

Deposit and Withdraw in NGN Without Conversion Fees as with an NGN account, Nigerian traders can deposit and withdraw in Naira without needing to convert to USD or other foreign currencies, which eliminates currency conversion charges and reduces overall trading costs.
Faster Local Transactions since deposits and withdrawals via Nigerian bank transfers, USSD, and mobile wallets are processed instantly or within minutes, with no need to wait for long international transfer processing times.
Avoid Exchange Rate Fluctuations because with a Naira account, your trading balance remains in NGN, so you don’t lose money due to forex exchange rate fluctuations, and when using a USD account, NGN devaluation can impact withdrawals, but an NGN account eliminates this issue.
Access to Local Nigerian Payment Methods with Exness supporting multiple Nigerian-friendly payment options, including local bank transfers, USSD payments, mobile money services, and e-wallets like Skrill & Neteller.

Easier Account Funding and Management as there’s no need for dollar-based accounts or foreign exchange services to fund your trading, allowing you to simply transfer directly from your local bank account into your Exness Naira account.
Lower Trading Costs and Fees since there are no conversion fees, you save money on deposits and withdrawals, and Exness offers tight spreads and low commissions, further reducing trading expenses.
Ideal for Nigerian Traders with Exness offering localized customer support for Nigerian traders and a platform that is optimized to handle transactions in Naira, ensuring smooth and seamless trading.

Depositing Money in Your Naira Account

Go to “Deposit” in your Exness account.
Select Local Bank Transfer, USSD, or Online Banking.
Enter the deposit amount in NGN.
Confirm the transaction and receive funds instantly or within minutes.

Withdrawing Funds from Your Naira Account

Navigate to the “Withdrawal” section.
Select Local Bank Transfer or E-wallet.
Enter your bank details and the withdrawal amount in NGN.
Confirm the withdrawal and receive funds within a few hours.

Important Considerations for Nigerian Traders

Choose NGN during registration, as it cannot be changed later.
Ensure your Nigerian bank supports online transactions for smooth deposits and withdrawals.
Complete identity verification to access full trading features.
Check for any transaction limits depending on your payment provider.

Conclusion

Opening a Naira (NGN) account on Exness is a smart choice for Nigerian traders looking for a seamless, cost-effective, and efficient forex trading experience. By following a simple registration process, traders can deposit, withdraw, and trade directly in Naira, avoiding currency conversion fees and exchange rate fluctuations. With fast local transactions, low fees, and access to Nigerian-friendly payment methods, an NGN account ensures smooth financial management while trading on Exness.