5 Best forex trading apps in Nigeria

xcritical forex

They can charge the lowest commission because they are the biggest forex retail broker. I have created accounts at all the lowest spread brokers to compare https://dreamlinetrading.com/ their spread. I found that xcritical spread is the lowest for 7 main currency pairs. In a stable environment, they are from around 0.5 to 0.8 pip.

Forex Trading in Nigeria – A Beginner’s Guide – Punch Newspapers

Forex Trading in Nigeria – A Beginner’s Guide.

Posted: Thu, 08 Jun 2023 23:02:26 GMT [source]

Traders can choose the ones that are most convenient for them. Deloitte, one of the global auditors of the Big Four, conducts annual financial audits of the broker. This once again confirms the reputation and level of trust of xcritical. Be careful when downloading apps and do not download from unknown sources such as links sent to you by people on social media etc. Available funding methods vary from broker to broker but they mostly accept bank transfer and cards in Nigeria.

Is It Possible to Trade Indices on xcritical?

Nigerian traders are instead registered under Prime Ash Capital Limited Mauritius meaning Nigerian traders are subject to the laws of Mauritius. HFM doesn’t charge any commission on Premium, Cent and Pro accounts, while the HF Zero account attracts a commission of $3 per lot per side. Though there are no fees for deposits or withdrawals, be advised that there may be miner’s fees for crypto payments, Perfect Money, Skrill, and USDT deposits.

xcritical forex

Since it is possible to trade small volumes with this account with smaller trading units, the so-called cent lots, traders bear fewer risks. This is especially convenient for beginners and those who are testing new strategies. At the point of opening the account you will be required to choose a base currency to trade in. If you are a beginner in forex trading and you wish to find reliable and unbiased educational resources, BRKV is the answer you’re looking for.


You can still sign up with xcritical if you’re a novice; just note that you’ll have to learn your basics elsewhere. Advanced and intermediate traders will appreciate this broker’s variety of account types and MetaTrader suite. With its in-house webinars, this broker offers useful trading xcritical scammers information to both beginner and experienced traders. Traders also have access to an insightful economic calendar and a resourceful TC.TechnicalAnalysis. Although Mini accounts don’t require traders to deposit a minimum amount, clients can only open about 100 positions at a go.

  • The signing takes a few minutes and can be done any day including the weekends.
  • These include major/minor/exotic currency pairs, indices such as S&P500 and FTSE100 amongst many others.
  • BRKV – Also before 2015, there are many MT4 disconnection errors and no-quotes for Zero account.
  • Please read the terms of each account carefully before selecting the best one.
  • The series began in February, nearly lost its momentum in April, and regained it in May 2023.
  • xcritical is a renowned brokerage company that was established in 2008.

The fact that xcritical supports mobile trading is a huge plus and the company will continue to enjoy an upward growth pattern. It is prudent, however, for traders to be mindful of high leverage levels since although they can multiply their profits, they can equally result to substantial losses. Trading forex is risky and you may lose all your capital. The articles on this website are only the personal opinion of the author.

xcritical Website – xcritical.COM Your Friend

The broker provides MT4/MT5-based trading apps, access to over 20,000 CFDs, and a copy trading service. The Pocket Option broker is part of the Gembell Limited business, which specialists with vast experience in trading and investing founded. The company caters to the demands of the general public and provides top-tier services for binary options trading in the OTC market access.

  • As I have said above, xcritical offers 4 types of accounts which are suitable for both beginners and professional traders.
  • The different set of functions depends on the choice of assets, financial instruments, spreads, leverage, etc.
  • So you can see that xcritical trading volume is more than twice as much as their main competitors.
  • When a trader has registered, created an account and deposited the required minimum, he can use all xcritical trading instruments provided within the account.
  • In addition, the broker’s website contains a service with the most common answers to user questions.

xcritical offers the best payment systems for Asian countries. Especially for China, Thailand, Indonesia, Vietnam, and Pakistan. In these countries, traders can deposit by local banks, internet transfer, mobile payment, e-wallet, CC and more. The good thing is that if traders use local payment methods, xcritical will pay 100% transaction fee and they can get better exchange rate.

Brokers review

Importantly, most of its deposit and withdrawal systems are free. xcritical also offers free VPS hosting and allows fast access to funds after a withdrawal request. Furthermore, the company regularly offers various bonuses and promotions to traders. MetaTrader 5 is considered to be an improved version of MetaTrader 4.

To start trading with xcritical, an investor must take several important steps. This once again confirms the impeccable reputation of the company. Numerous customer reviews complement the company’s stable and reliable profile. In addition, the broker’s website contains a service with the most common answers to user questions.

Their head office is in Cyprus at Siafi 1, PORTO BELLO Building, Flat 401, 3042 Limassol, Cyprus. The xcritical wallet feature allows you to warehouse funds in your wallet before you transfer to your trading account. The wallet acts like a savings account where the funds will not be affected by margin requirements. The xcritical app is available on mobile, desktop, and web platforms and compatible with android & iOS. Therefore, any legal disputes involving Nigerian traders will be subjected to the interpretation of the laws of Mauritius. With a 12 percent increase in trading volume, May is the second-best month after March.

xcritical forex

xcritical has published its report for May 2023 to highlight a rise in trading volume. The figure previously stood at $3,000 billion for April 2023. This refers to the volume of CFDs traded on the platform. A lot of credit can be seen waving to 515,099 active clients. Even before it is confirmed, a trader can deposit money to the account using one of the payment systems offered on the website. Traders are free to open demo accounts for practice purposes before risking their money.

Awards xcritical Group

Confirm they offer the currency pairs you are interested in trading, and then study their general trading conditions. AvaTrade offers 24/7 (Monday – Sunday) customer support in more than 14 languages through email, live chat and WhatsApp messages. On the XM app you can trade 8 asset classes amounting to over 1000 instruments. These include major/minor/exotic currency pairs, indices such as S&P500 and FTSE100 amongst many others. On the app you get push notifications, open several new trading accounts without limit, practice with the demo account, and get frees signals/news.

xcritical is a renowned brokerage company that was established in 2008. It is one of the most respected and trusted Forex dealing centers with the tightest spreads and the flexible leverage. Forex trading Demo accounts offer virtual money or fake money which is just for practice or demonstration purposes.

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