Adam Rosen - Lead financial writer
Using spread betting in Nigeria, Nigerian traders can speculate on financial markets such as forex, indices, commodities, and stocks without having to purchase the underlying asset. Nigeria Spread betting is a popular derivative product that allows Nigerian spread betting traders to speculate instead, on whether they believe the spread betting price will climb or decline in the near future.
Nigeria spread betting is leveraged, which means you'll utilise a little deposit (known as margin) to build a greater position than Nigeria traders would normall be able too. Just keep in mind that because both Nigeria losses and gains are computed on the full position size, Nigerian traders total losses and earnings could exceed their initial Nigeria deposits. Nigeria spread betting is tax-free because Nigerian traders are not acquiring ownership of the underlying asset.
🤴 IC Markets is Used By: 180,000
⚡ IC Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
💵 What You Can Trade with IC Markets: Forex, Majors, Energies, Metals, Agriculturals,
💵 Instruments Available with IC Markets: 232
📈 IC Markets Inactivity Fees: No
💰 IC Markets Withdrawal Fees: No
💰 IC Markets Payment Methods: Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,
IC Markets Risk warning : Losses can exceed deposits
🤴 Roboforex is Used By: 10,000
⚡ Roboforex is Regulated by: RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272
💵 What You Can Trade with Roboforex: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with Roboforex: 100
📈 Roboforex Inactivity Fees: No
💰 Roboforex Withdrawal Fees: Yes
💰 Roboforex Payment Methods: Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,
Roboforex Risk warning : Losses can exceed deposits
🤴 AvaTrade is Used By: 200,000
⚡ AvaTrade is Regulated by: Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)
💵 What You Can Trade with AvaTrade: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds,
💵 Instruments Available with AvaTrade: 1000
📈 AvaTrade Inactivity Fees: No
💰 AvaTrade Withdrawal Fees: No
💰 AvaTrade Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, WebMoney, Payoneer,
AvaTrade Risk warning : 71% of retail CFD accounts lose money
🤴 FP Markets is Used By: 10,000
⚡ FP Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority (St. Vincent and the Grenadines)
💵 What You Can Trade with FP Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with FP Markets: 100
📈 FP Markets Inactivity Fees: No
💰 FP Markets Withdrawal Fees: No
💰 FP Markets Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer,
FP Markets Risk warning : Losses can exceed deposits
🤴 NordFX is Used By: 10,000
⚡ NordFX is Regulated by: Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
💵 What You Can Trade with NordFX: Forex, Majors, Metals,
💵 Instruments Available with NordFX: 50
📈 NordFX Inactivity Fees: No
💰 NordFX Withdrawal Fees: No
💰 NordFX Payment Methods: Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI,
NordFX Risk warning : Losses can exceed deposits
🤴 XTB is Used By: 250,000
⚡ XTB is Regulated by: Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comision Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa
💵 What You Can Trade with XTB: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with XTB: 4000
📈 XTB Inactivity Fees: Yes
💰 XTB Withdrawal Fees: No
💰 XTB Payment Methods: Credit cards, MasterCard, Maestro, Visa, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, Poli, Paysafe, Payoneer,
XTB Risk warning : 76% - 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
🤴 Pepperstone is Used By: 89,000
⚡ Pepperstone is Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
💵 What You Can Trade with Pepperstone: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
💵 Instruments Available with Pepperstone: 100
📈 Pepperstone Inactivity Fees: Yes
💰 Pepperstone Withdrawal Fees: No
💰 Pepperstone Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, BPAY, POLi, UnionPay, FasaPay, QIWI, Payoneer,
Pepperstone Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
🤴 XM is Used By: 10,000,000
⚡ XM is Regulated by: Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
💵 What You Can Trade with XM: Forex, Stock CFDs, Commodity CFDs, Minors, Majors, Exotics, Equity Indices CFD, Energies CFD, Precious Metals
💵 Instruments Available with XM: 1000
📈 XM Inactivity Fees: Yes
💰 XM Withdrawal Fees: No
💰 XM Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Moneta, ABAQOOS, PRZELEWY24, Neteller, PerfectMoney, WebMoney, UnionPay, FasaPay, CashU, Payza, QIWI, SOFORT, Giropay, Payoneer, Skrill,
XM Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor
accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford
to take the high risk of losing your money.
🤴 eToro is Used By: 20,000,000
⚡ eToro is Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
💵 What You Can Trade with eToro: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with eToro: 2000
📈 eToro Inactivity Fees: Yes
💰 eToro Withdrawal Fees: Yes
💰 eToro Payment Methods: Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, eWallets,
eToro Risk warning : 51% of retail investor accounts lose money when trading CFDs with this provider.
🤴 FXPrimus is Used By: 10,000
⚡ FXPrimus is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC)
💵 What You Can Trade with FXPrimus: Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals,
💵 Instruments Available with FXPrimus: 130
📈 FXPrimus Inactivity Fees: No
💰 FXPrimus Withdrawal Fees: Varies
💰 FXPrimus Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Payoneer, SafeCharge, TrustPay, EmerchantPay, Bitcoin, UnionPay, FasaPay, Giropay,
FXPrimus Risk warning : Losses can exceed deposits
🤴 easyMarkets is Used By: 142,500
⚡ easyMarkets is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
💵 What You Can Trade with easyMarkets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals, Agriculturals, Options,
💵 Instruments Available with easyMarkets: 200
📈 easyMarkets Inactivity Fees: No
💰 easyMarkets Withdrawal Fees: No
💰 easyMarkets Payment Methods: Credit cards, MasterCard, Maestro, American Express, JCB, Astropay, Debit cards, Bank Transfer, SOFORT, GiroPay, iDeal, Bpay, Electronic wallets (eWallets), Skrill, Neteller, WebMoney, UnionPay, WeChatPay, FasaPay, STICPAY,
easyMarkets Risk warning : Your capital is at risk
🤴 Trading 212 is Used By: 15,000,000
⚡ Trading 212 is Regulated by: Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
💵 What You Can Trade with Trading 212: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, ETFs, Bonds,
💵 Instruments Available with Trading 212: 10000
📈 Trading 212 Inactivity Fees: No
💰 Trading 212 Withdrawal Fees: No
💰 Trading 212 Payment Methods: Credit cards, MasterCard, VISA, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Skrill, Dotpay, Carte Bleue, Direct eBanking, Apple Pay, Google Pay, iDeal, Giropay,
Trading 212 Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
🤴 Admiral Markets is Used By: 10,000
⚡ Admiral Markets is Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Jordan Securities Commission (JSC)
💵 What You Can Trade with Admiral Markets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, ETFs, Bonds,
💵 Instruments Available with Admiral Markets: 148
📈 Admiral Markets Inactivity Fees: No
💰 Admiral Markets Withdrawal Fees: No
💰 Admiral Markets Payment Methods: Credit cards, Visa, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, SOFORT, Safety Pay, Przelewy, iDEAL, Klarna,
Admiral Markets Risk warning : Losses can exceed deposits
🤴 SpreadEx is Used By: 10,000
⚡ SpreadEx is Regulated by: Financial Conduct Authority (FCA)
💵 What You Can Trade with SpreadEx: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds, Options, Treasuries,
💵 Instruments Available with SpreadEx: 15000
📈 SpreadEx Inactivity Fees: No
💰 SpreadEx Withdrawal Fees: 0, minimum £50
💰 SpreadEx Payment Methods: Credit cards, VISA, Switch, Maestro, Debit cards, Bank Transfer, Payoneer,
SpreadEx Risk warning : Losses can exceed deposits
🤴 Axi is Used By: 10,000
⚡ Axi is Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA), Financial Service Authority of St. Vincent and the Grenadines (FSA)
💵 What You Can Trade with Axi: Forex, Minors, Cryptocurrencies, Majors, Exotics,
💵 Instruments Available with Axi: 100
📈 Axi Inactivity Fees: No
💰 Axi Withdrawal Fees: No
💰 Axi Payment Methods: Credit cards, Debit cards, Bank Transfer, Neteller, BPAY, UnionPay, Payoneer,
Axi Risk warning : Losses can exceed deposits
🤴 HYCM is Used By: 10,000
⚡ HYCM is Regulated by: Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048
💵 What You Can Trade with HYCM: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, Energies, Metals, Agriculturals,
💵 Instruments Available with HYCM: 100
📈 HYCM Inactivity Fees: Yes
💰 HYCM Withdrawal Fees: No
💰 HYCM Payment Methods: Credit cards, Debit cards, Bank Transfer, PayPal, WebMoney, Payoneer,
HYCM Risk warning : Losses can exceed deposits
🤴 Swissquote is Used By: 300,000
⚡ Swissquote is Regulated by: Swiss Financial Market Supervisory Authority (FINMA), Commission de Surveillance du Secteur Financier (CSSF), Financial Conduct Authority, Dubai Financial Services Authority (DFSA), Hong Kong Securities and Futures Commission (SFC), Monetary Authority of Singapore (MAS)
💵 What You Can Trade with Swissquote: Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Bonds,
💵 Instruments Available with Swissquote: 100
📈 Swissquote Inactivity Fees: No
💰 Swissquote Withdrawal Fees: $10
💰 Swissquote Payment Methods: Credit cards, Debit cards, Bank Transfer, Payoneer,
Swissquote Risk warning : Losses can exceed deposits
🤴 Markets.com is Used By: 4,000,000
⚡ Markets.com is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), BVI Financial Services Commission (BVI FSC)
💵 What You Can Trade with Markets.com: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, Bonds,
💵 Instruments Available with Markets.com: 2200
📈 Markets.com Inactivity Fees: Yes
💰 Markets.com Withdrawal Fees: No
💰 Markets.com Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Skrill, Neteller, PayPal,
Markets.com Risk warning : 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
🤴 ForTrade is Used By: 1,000,000
⚡ ForTrade is Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB)
💵 What You Can Trade with ForTrade: Forex, Minors, Cryptocurrencies, Majors, Exotics, Bonds,
💵 Instruments Available with ForTrade: 100
📈 ForTrade Inactivity Fees:
💰 ForTrade Withdrawal Fees: No
💰 ForTrade Payment Methods: Credit cards, Debit cards, Bank Transfer, PayPal, Neteller, Payoneer,
ForTrade Risk warning : Your capital is at risk
🤴 Eightcap is Used By: 10,000
⚡ Eightcap is Regulated by: Australian Securities and Investments Commission (ASIC), Vanuatu Financial Services Commission (VFSC)
💵 What You Can Trade with Eightcap: Forex, Minors, Majors, Exotics, Indices, Energies, Metals,
💵 Instruments Available with Eightcap: 100
📈 Eightcap Inactivity Fees: No
💰 Eightcap Withdrawal Fees: Yes
💰 Eightcap Payment Methods: Credit cards, Debit cards, Bank Transfer, POLi, UnionPay, Payoneer,
Eightcap Risk warning : Losses can exceed deposits
In order to take a position on the underlying market price of an asset, Nigeria spread betting must follow the value of the asset. Spread betting does not require Nigerian spread bettors to take ownership of the asset. Nigeria spread betting allows you to trade short and long positions while leveraging and margining your account.
Nigeria spread betting platforms, which are not to be confused with traditional Nigeria gambling markets, allow you to trade financial instruments such as gold, currencies, stocks, and oil using leverage, which is basically high risk borrowed money from the Nigeria spread betting platform. It is necessary to correctly estimate whether the value of a financial instrument will rise or decline in order to make money. Nigeria spread betting platform spread betting differs from forms of gambling in that you will not be obliged to pay any capital gains tax on your profits.
Spread betting is high risk for Nigerian traders. Without the use of a stop loss position, losses can be quick and limitless. Because of the geared nature of Nigeria spread betting, market movements are magnified and volatility is increased. The fact that a loss can occur does not mean that it can be offset against a Nigerian spread betting investors capital gains on subsequent investments, as is the case with stock purchases.
You can open a Nigeria position in spread betting utilising margin, which allows you to do so by merely investing a proportion of the total value of the position. Therefore, your Nigeria losses will be magnified, and you may end up losing your entire Nigeria investment portfolio. Nigeria Profits and losses are calculated as a percentage of the total value of your stake.
On Nigeria spread betting platforms, the difference between two prices, rates, or yields is referred to as the spread. The spread, according to one of the most accepted definitions, is the difference between the bid and ask prices of a security or asset. This is referred to as the bid-ask spread or simply the price difference on Nigeria spread betting platforms.
Nigeria speculative betting on the price changes of an underlying asset without actually owning the underlying instrument is known as spread betting. Nigeria Contracts for difference (CFDs) are high risk leveraged trades that follow the value of an underlying instrument and pay out in accordance with the value of an agreed instrument. A Nigeria CFD trade is a speculative trade between the Nigerian spread bettor and the Nigeria spread betting platform. With both spread betting and CFD trading no underlying financial assets are brought or sold.
Because you do not acquire ownership of the underlying assets when you trade them, you do not have to pay stamp duty on any of these products.
In the case of Nigeria share trading, you will truly be the owner of the asset, share, or stock you are trading in. Nigeria spread betting is a financial instrument in which you do not own any underlying stocks or other financial assets. Speculating on the up or down movement of an underlying financial instrument is the sole purpose of Nigeria spread betting. Speculating on the up or down movement of an underlying financial instrument is the sole purpose of Nigeria spread betting.
Nigeria Forex spread betting is the act of placing a speculative buy or sell trade on the movement of the price of two different currencies. Typically, a Nigeria spread betting platform that offers currency spread betting will present two prices: a bid and an ask.
The spread is the difference between the purchase and sell prices expressed in points of difference (pips). In order to accomplish so, you must remove the bid price from the ask price. Consider the following example: if you're trading the GBP/USD at 2.6041/2.6045, the spread is 0.0004 percent (4 pips).
When you place a spread bet on a Nigeria spread betting platform, there will be no commission fee paid. This is due to the fact that the cost of executing your transaction is reflected into the spread calculation with your Nigeria spread betting broker. Other Nigeria fees and charges may apply to your spread bets, depending on how long you choose to keep your position open and how much money you invest on your Nigeria spread betting platform.
Only trade with reputable Nigeria spread betting platforms that are well financially regulated. You can check a Nigeria spread betting platforms financial regulation by searching for their name on your regulators website. Nigeria spread betting platforms who are authorised and licensed to offer spread betting services to Nigerian traders provide a particular level of security for their Nigerian clients funds. All Nigeria spread betting platforms must separate Nigerian client funds segregated from the companys own funds. This is incase your Nigeria spread betting platform goes bankrupt, your Nigerian funds should be separate and you have some recourse through your financial regulator.
The margin requirements for Nigeria spread betting vary from one Nigeria spread betting platform to the next and are typically determined by the underlying assets that are exchanged in the contract. It is computed as a percentage of the value of the underlying asset and can range from 2 percent to 50% depending on the liquidity and volatility of the financial market that is being speculated on.
Good customer support from your Nigeria spread betting platform is an essential part of a successful trading strategy. If for any reason you have an issue with the Nigeria spread betting platform trading tools, funding methods, withdrawal methods, you will need these issues resolved quickly. Nigerian spread betting traders should check for live chat, email, and phone support options from their Nigeria spread betting platforms.
If Nigeria spread bets are placed correctly, spread betting may result in a good amount of profit. Only a tiny fraction of traders are actually successful, while the vast majority of Nigeria spread bet traders are unsuccessful. Spread betting is high risk and is only for experienced Nigerian traders.
Nigeria spread bets are exempt from Capital Gains Tax. Tax regulations may differ depending on your status and are subject to change. Nigeria spread bets are not tax deductible, which means that any losses cannot be used to offset other types of Nigeria capital gains. Please consult a Nigeria tax professional for clarification.
Spread betting is legal in Nigeria and is available to Nigerian residents.
Despite the fact that it is considered gambling by the Nigeria government, many Nigerian spread betting platform traders benefit from trading in a manner similar to CFD trading and take advantage of the fact that any profits are tax-free. Spread betting is very high risk, so is highly regulated by Nigeria financial regulators.
IC Markets is the best Nigeria spread betting platform.
Once you have short listed your chosen regulated Nigeria spread betting platforms, you will want to open a demo or live spread betting trading account.
To open a live Nigeria spreading betting account the broker will require you to register and verify your identification.
For this you will need to provide the Nigeria spread betting platform with your Full Name, Home Address, Date Of Birth, Proof Of ID and Nigeria Telephone number.
Only trade with Nigeria regulated spread betting platforms. As part of your Nigeria spread betting platforms regulatory requirements you will need to pass what is know as Know Your Customer or KYC. This involved Nigerian spread betting platform traders to provide proof of Nigeria residence and ID. Valid Nigeria proof of ID can be a Nigeria passport or valid Nigeria drivers license and a recent upto 3 month old utility bill which has your full name and address on it.
to Trade on a live spread betting platform in Nigeria, you will need to fund and make a deposit to your account. There are many funding methods for Nigeria spread betting platforms including, Credit cards, Debit Cards, Bank Transfers, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, and cryptocurrency like Bitcoin and Ethereum.
Modern Nigeria spread betting platforms have a wide range of live market data, technical analysis tools that allow Nigeria traders to spot trends and opportunities in spread betting financial markets. You will need to take the time to understand and analysis spread betting trading charts. Most importantly Nigeria spread betting platform tools allow Nigerian spread betting traders to plan and perform risk management and use risk management tools when placing buy and sell spreadbet orders.
You should be able to quickly access and perform analysis on spread betting stocks, currency, crypto, commodity, ETF and CFD financial markets on your chosem Nigeria spread betting platform.
Once you have thoroughly conducted your research, and are ready to place a spread betting buy or sell order on your Nigeria spread betting platform.
To place your spreadbet, click on the 'buy' or'sell' option on the trading dashboard of your Nigeria spread betting trading platform screen. Nigeria Spread betting platforms function on the basis of 'points' or pips with each point representing a different unit of an asset in the spread betting financial markets. Consider the following example: if you bet 1 [currency] per point, your profit or loss will increase or decrease by 1 [currency] for each point the asset rises or falls in value by. Before executing any Nigeria trades make sure you set and use risk management tools like stop loss orders or limit orders. This will help to limit loss in times spread betting market volatility. When you are ready confirm your buy or sell spread betting order on your chosen Nigeria spread betting platform and it will be executed straight away.
Modern spread betting platforms in Nigeria have seen huge growth over the last year.
Which ever Nigeria spread betting platform your decide upon, You will need to make sure you pay any required tax on your profits. When using Nigeria spread betting trading platforms and trading using a spread betting facility, you should be able to keep 100 percent of your trading profits. But you will need to check this with a Nigeria tax professional.
When shortlisting the best Nigeria spread betting platforms, pay attention to criteria such as the number of supported spread betting markets, commissions and spreads, the minimum trade requirements, and very importantly check your Nigeria spread betting platform is very well financially regulated and are licensed and allowed to serve Nigerian spread betting traders.
If spread betting using spread betting leverage on a Nigeria spread betting platform make sure you understand the risks. Trading using leverage when spread betting is very high risk. Trading using CFD trades are only for Nigerian experienced traders. With CFD trading you may lose more than your exposure to the financial markets.
If Nigeria isn’t quite what you are looking for you can check out some of the best Nigeria alternatives below.
If you would like to see Nigeria compared against some of the best Nigeria Spread Betting Platform alternatives available right now you can do so by clicking on the links below.