Best Binary Options Brokers In Nigeria Top 5. ExpertOption — Best Binary Options Trading Experience. Pocket Option — Ideal For Beginner Binary Options Traders. Olymp Trade — Number One For Binary Options Trading. Binomo — Reliable Binary Options Broker. Best binary options brokers in Nigeria video. IQ Option Broker. Trading Experience 9. Customer Support 7. Mobile Trading 9.

Asset Coverage 9. Fees 8. Security 9. Pros Regulated By CySEC Foundation Year: Min. Cons MetaTrader Or CTrader Platforms Not Offered Not The Highest Leverage On The Market Limited To Certain Jurisdictions. VISIT IQ OPTION. ExpertOption Broker. Customer Support 8. Asset Coverage 7. Pros Regulated By FMRRC, VFSC, MiFID and CySEC Foundation Year: Min. Olymp Trade Broker. Mobile Trading 8. This is because whichever broker you choose can go quite a long way in determining how successful you may turn out to be in trading binary options.

There are a lot of binary options brokers out there, with different offers and brokerage models. A good number of them are not credible, and maybe outright binary options scams.

As such, one must be equipped with information that will enable you to select the right binary options brokers. And there are some qualities largely common to all good brokers, as summarised below.

By all means, you should go for a regulated broker as there is a clear distinction in the world of binary options between regulated and non-regulated brokers. Government agencies that regulated binary options brokers include the UK Financial Conduct Authority FCA , the European Securities and Markets Authority ESMA , the Cyprus Securities and Exchange Commission CySEC and the South African Financial Services Board FSB.

Signing up with a regulated binary options broker comes with a lot of benefits. For one, you rest assured that the broker will most likely not cheat you, as the regulator must have put in strict guidelines in place for them to comply with. Furthermore, in the event of bankruptcy or insolvency of the broker, your funds will likely be protected, or otherwise, you will at least receive some compensation.

The best binary options brokers provide quality customer support to Nigerian binary options traders. As such if you have any complaints, you can easily reach out to get them fixed. Beyond customer service, your binary options broker of choice should provide quality brokerage service. This includes user-friendly binary options platform interface, up-to-date binary options charting and technical analysis tools, amongst others.

There are a number of features and qualities which almost all good binary options platforms share. The binary options brokers platform must support fast and efficient execution of trades. The platform must display up-to-date and accurate live prices of assets traded on it.

If prices displayed lag even by a few seconds, it can lead to significant losses in the ultra-volatile world of financial markets trading. Your binary options trading platform of choice must be set-up in a way for you to be able to properly measure the risks involved in each trade you wish to execute. This can help you avoid significant binary options losses. Some notable binary trading brokers that accept Nigerians include IQ Option Nigeria, Olymp Trade Nigeria, Deriv.

com Nigeria, Binary. com Nigeria, amongst others. Each trade you enter must be based on a reasonable basis. This reasonable basis should however arise from carefully done analysis. To be able to properly conduct analysis, you need the right tools. For technical analysis, you need binary options charts, oscillators and indicators that can help you reasonably forecast the likely movements of the price of the assets you are trading.

On the other hand, to conduct fundamental binary options analysis, you need access to live news, events and expert analysis. Your trading platform must provide you with all these and more. While you look at the upsides in selecting a binary options platform of choice, you should also look at potential red flags that help you avoid the wrong binary options brokers. They include:. You have to research properly to ensure that your binary options trading platform of choice meets the above criteria.

Once you have decided that, you can then proceed to the registration and binary options login stage. When you sign up with a binary trading broker in Nigeria, and want to trade, using either a demo account or a live account that you have deposited into, you need a binary trading platform on which to do so. A binary options trading platform is a computer program where you get to place online binary options trades, provided by the broker.

However, the binary trading platform is used for much more than just entering and exiting trades. Trading platforms now come with basic and advanced charting tools and indicators to be used for technical analysis. They can also contain news feeds and reports to be used for fundamental analysis. It should be noted that not all trading platforms are provided or owned by the broker. As such, based on ownership there are 2 basic types of trading platforms: Proprietary and Third-party.

One of the reasons why binary trading brokers in Nigeria host their platforms on third-party programs is that they are usually much more accessible than proprietary platforms. Another reason is that these third-party binary trading programs are usually filled with more trading tools and resources. One very popular example of such third-party platforms is MetaTrader 4 popularly called MT4 , and its newer version, the MT5.

Trading platforms — either proprietary or third-party — can be accessed via web traders for PC users, and mobile apps for smartphones. There are a number of features that a binary options trading platform should have; these features will generally make your binary trading experience much easier. One required quality of a good binary options trading platform is having an array of good binary trading tools, charts and indicators. There should be Live Price and Live Updates. One indispensable feature that trading platforms must provide is live price updates.

In trading, every number counts and differences or lags in price display may be costly to your trading. Furthermore, your binary trading platform should be accessible on many fronts. Technological advancement has made it easy for us to access the internet using multiple devices; and any automated trading software Nigeria that is worth using should follow suit.

Accessibility on multiple devices will give you access to seamless binary trading, as you can tailor your trading to your lifestyle. The term trading software is often used interchangeably with the trading platform, and rightly so. In many cases, a binary options trading platform essentially means the same as binary trading software.

There may be as many binary trading software out there as there are brokers, but not all binary options trading software is worth the use. This is because the choice of your binary trading software can make or mar your trading. If you choose the wrong trading software, you can set yourself up for debilitating losses in the market.

As such, it is recommended that you carefully select your trading software. There are a number of factors that serve as pointers to a good binary options software; some of these factors are summarised below:. A slow binary options trading software is dangerous for your trading and can lead you to make heavy losses.

The slow-to-respond trading software will likely lag in displaying prices of market instruments or slow to feed you relevant market news. This can mislead you into making wrong decisions, thereby ending up hurting your capital. Another factor to look into in selecting your trading software is its level of security.

We are in a time when cybersecurity issues and breaches are at their most alarming; and considering the fact that your trading probably involves your hard-earned capital, the software on which you trade should be adequate. Your binary trading software should come with some good features. Such features that are indispensable include analysis tools, the latest indicators, amongst others. For instance, binary options trading software that does not come with candlestick charts is not worth using.

A demo account is simply an account provided by the binary options broker to you for free. The demo account typically contains virtual money which you can use to make trades in the markets, without any risks to you. Amongst its many numerous uses, the demo account gives newbie traders the opportunity to practise their trading skills, and experienced ones to test out new strategies.

Before you go for binary trading software in Nigeria, it is important that you properly research it. You can check blogs, forums and trader chatrooms for reviews of the binary options software by those who might have used it before. While we are not staying that you avoid new software, we strongly recommend that you go for trading software that has passed the test of time, and have been certified as good. There are numerous brokers offering binary options trading services to Nigerians, but we have had to handpick those whom we believe are 4 of the very best; they are:.

IQ Option is an all-inclusive trading platform that has in recent years dominated the market, especially in Europe. IQ Option Nigeria offers Binary options Services alongside Cryptocurrencies trading, stock CFDs, Digital options and ETFs.

Finding the best binary options trading platform as a Nigerian can be a difficult process. Most especially getting the ones that accept Nigerian binary options traders and would let you trade using different binary option trading strategies. Below is the list of all the best binary options brokers that accept Nigerian traders. IQ Option Broker 9 Trading Experience 9. Leverage: Lowest Spreads: 0. ExpertOption Broker 8.

Olymp Trade Broker 8. Pocket Option Broker 8. Binomo Broker 9. Best Binary Options Brokers In Nigeria Top 5. ExpertOption — Best Binary Options Trading Experience. Pocket Option — Ideal For Beginner Binary Options Traders. Olymp Trade — Number One For Binary Options Trading. Binomo — Reliable Binary Options Broker.

Best binary options brokers in Nigeria video. IQ Option Broker. Trading Experience 9. Customer Support 7. Mobile Trading 9. Asset Coverage 9.

Fees 8. Security 9. Pros Regulated By CySEC Foundation Year: Min. Cons MetaTrader Or CTrader Platforms Not Offered Not The Highest Leverage On The Market Limited To Certain Jurisdictions. VISIT IQ OPTION. ExpertOption Broker. Customer Support 8. Asset Coverage 7. Pros Regulated By FMRRC, VFSC, MiFID and CySEC Foundation Year: Min.

Olymp Trade Broker. Mobile Trading 8. Asset Coverage 8. Cons Limited To Certain Jurisdictions. VISIT OLYMP TRADE. Pocket Option Broker. Fees 9. Security 8. Cons Not The Highest Leverage On The Market. VISIT POCKET OPTION. Binomo Broker. Cons Simplistic Offering, May Not Be As Suited To Advanced Traders. VISIT BINOMO. Previous Best Binary Options Brokers In Brazil Top 5.

Next Best Forex Brokers In Top Search for:.

A slow binary options trading software is dangerous for your trading and can lead you to make heavy losses. third-party trading platforms are independent software programs on which brokers then host their platforms. Olymp Trade — Number One For Binary Options Trading. In trading, every number counts and differences or lags in price display may be costly to your trading. The level of broker scams in the binary options industry in some countries got so high that countries like the US and Japan have to totally ban binary options Similarly, tech giants Apple and Google — owners of the App Store and Play Store, respectively — took actions some years ago to heavily regulate and ban apps that facilitate binary options on their stores. Pros Regulated By FMRRC, VFSC, MiFID and CySEC Foundation Year: Min. Your binary options trading platform of choice must be set-up in a way for you to be able to properly measure the risks involved in each trade you wish to execute.

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