Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Best Regulated Binary Options Brokers Main Banner

7 Best Regulated Binary Options Brokers in Nigeria

The 7 Best Regulated Binary Binary Options Brokers in Nigeria revealed. We tested and verified the best regulated binary options, forex brokers, for Nigerian Traders.

This is a complete list of binary options forex brokers in Nigeria.

In this in-depth guide you’ll learn:

  • What is a Binary Options Broker?
  • Which binary options brokers are best for Nigerian Traders?
  • Our recommended $5 (2 075 NGN) low deposit binary options brokers for Nigerian Beginner Traders?
  • How to compare binary options forex trading brokers against each other?
  • Which brokers offer a signup bonus for first-time traders?
  • Which Binary Options Brokers offer a mobile app on IOS and Android?
  • Which regulated binary options brokers offer  traders to trade on the MT4/MetaTrader 4 and MT5/MetaTrader 5 platforms?


And lots more…

So if you’re ready to go “all in” with the best-tested regulated binary options brokers for Nigerians…

Let’s dive right in…

Updated : June 20, 2022

Best Regulated Binary Options Brokers in Nigeria – Comparison

🥇 Broker✔️ Regulated Binary Options Broker?💸 Minimum Deposit (₦)✔️ Nigerian Naira-based Account?💰 NGN Deposits Allowed?👉 Open An Account
1. AlpariYes1,000 NGNYesYes👉 Open Account
2. AvaTradeYes41,500 NGNNoYes👉 Open Account
3. HotForexYes2,000 NGNNoNo👉 Open Account
4. PepperstoneYes60,700 NGNNoYes👉 Open Account
5. FXTMYes10,000 NGNYesYes👉 Open Account
6. FP MarketsYes30,800 NGNNoYes👉 Open Account
7. GO MarketsYes61,700 NGNNoNo👉 Open Account

7 Best Regulated Binary Options Brokers in Nigeria (Updated 2022)

  1. Alpari – Overall, Best Regulated Binary Options Broker in Nigeria
  2. AvaTrade – Offers a Diverse Range of Financial Markets to Nigerians
  3. HotForex – Best Broker for Beginner Traders
  4. Pepperstone – Best Binary Options Broker with Trading Tools
  5. FP Markets – Best MT4 and MT5 Trading Platform Broker
  6. FXTM – Best Low-Deposit Broker in Nigeria
  7. GO Markets – Best Regulated Binary Options Broker with an ECN Account

What are binary options?

👉 Binary options are financial options that have one of two payoff alternatives. These alternatives are either a fixed sum or nothing at all if the contract is kept open until expiration. They are referred to as binary options because there is no other way to settle the trade.

1. Alpari

Overall Rating

Min Deposit

USD 100 / 41450 NGN

Regulators

FSC

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

48

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

 

Overview

👉 Alpari’s clients in Nigeria have access to more than 250 markets, including forex, stocks, indices, metals, and cryptocurrencies.

 

👉 Alpari offers the MetaTrader 4 and MetaTrader 5 platforms on its desktop, online, and mobile platforms, respectively, and on its web platform.

 

👉 The OptionTrader demo version is now available in the “Binary Options” area of Alpari’s website, allowing you to practice your trading skills without having to register with the broker.

 

👉 You may now practice your trading skills on Spread High / Low options, as well as other forms of options, without even needing to register for myAlpari.

 

Unique Features

FeatureInformation
⚖️ RegulationFinancial Services Commission Mauritius (FSC)
📲 Social Media Platforms• Facebook
• Twitter
• Instagram
🏛 CBN Regulation?No
💻 Trading AccountsForex Standard Account (MT4), Forex Micro Account (MT4),
Forex ECN Account (MT4/5), Forex Pro Account (MT4)
📱 Trading PlatformMetaTrader 4 and MetaTrader 5
💵 Minimum Deposit (₦)1,000 Naira
💳 Trading AssetsForex Majors, Forex Minors, Forex Exotics, Forex RUB, Spot Metals, Spot Commodities, Stock Trading, Spot Indices
💸 Nigerian Naira-based Account?Yes
✔️ NGN Deposits Allowed?Yes
💵 Bonuses for Nigerian traders?Yes
📊 Minimum spreadFrom 0.4 pips
💻 Demo AccountYes
☪️ Islamic AccountYes

 

✔️ Pros❌ Cons
Alpari has Nigerian-based offices and supportThere are limited tradable instruments
The broker is a member of the Financial Commission (FC)There is a lack of comprehensive educational materials for novice traders
Offers popular forex trading platforms including proprietary trading platforms and trading appsThere are no fixed tight spread accounts
Trading Signals are offered through AutoChartist, one of the best third-party providers in the trading industryThe broker does not have regulation or authorization through the Financial Conduct Authority
PAMM Managed Accounts are offered
News on the website is streamed through FxWirePro
There is multilingual customer support offered
Commission-free trading options provided
Welcomes traders despite their trading style or trading experience
Offers competitive trading conditions across trading accounts including some of the lowest spreads on leveraged trading

 

Trust Score and Nigerian Market Share

🥇 Alpari has a trust score of 95% and an overall market share of more than 14%.

2. AvaTrade

Overall Rating

Min Deposit

USD 100 / 41450 NGN

Regulators

ASIC, FSA

Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Overview

👉 In 2006, AvaTrade became a leading binary options broker, earning a number of significant financial industry accolades over its tenure in the business.

 

👉 Today, it is a multinational corporation that provides its investors with access to a diverse range of financial markets. AvaTrade is a trading platform that caters to the needs of all traders, from the rookie to the experienced.

 

👉 It offers 24-hour customer service, a large selection of assets, and an easily navigable trading environment. This broker also provides a comprehensive range of educational resources as well as a number of extra features.

 

Unique Features

FeatureInformation
⚖️ RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA
⚖️ CBN RegulationNo
📊 Trading AccountsRetail Investor Account, Professional Account Option
💻 Trading PlatformAvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade
💳 Minimum Deposit (₦)41,000 Nigerian Naira equivalent to $100
📈 Trading AssetsForeign currencies, Cryptocurrencies, Commodities, Treasuries, Bonds, Indices, Stocks, ETFs, Options, Contract for Difference (CFD), Precious Metals
📊 Nigerian Naira-based Account?No
💳 NGN Deposits AllowedNo
💰 Bonuses for Nigerian tradersYes
📈 Minimum spread0.9 pips EUR/USD
📈 Demo AccountYes
☪️ Islamic AccountYes
📊 Social Trading OfferedYes

 

✔️ Pros ❌ Cons
AvaTrade is multi-regulated and one of the most trusted online trading brokers in the worldVariable spreads are not offered
There is a wide range of financial instruments that can be traded across financial marketsThere is a limited choice between account types
There are several technical indicators, economic indicators, and other solutions for advanced tradersInactivity fees are applied
There are several trading platforms to choose fromCurrency conversion fees may be applied
There is a decent selection of educational material that helps beginner traders navigate complex instruments and lower the degree of risk they are often exposed toThere is a limited number of base currency options offered on accounts
There is a multitude of social trading opportunities offered
The broker accepts any trading strategy including automated trading, expert advisors, scalping, hedging, and others.

 

Trust Score and Nigerian Market Share

🥇 AvaTrade has a high trust score of 96% and a market share of <5% in Nigeria.

3. HotForex

Overall Rating

Min Deposit

USD 5 / 2073 NGN

Regulators

CySEC, FSC, FSCA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

No

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

 

Overview

👉 More than 150 trading instruments, including forex, commodities, indices (stocks and futures), bonds, and CFDs on cryptocurrencies, are available to Nigerian traders with HotForex.

 

👉 HotForex’s trading accounts are available in a range of configurations, each of which includes commission-free forex trading for Nigerians.

 

👉 Binary options will be available to traders at HotForex as a fully licensed and regulated options broker by the Cyprus Securities and Exchange Commission (CySEC).

 

👉 A number of analysts believe that the extraordinarily volatile nature of binary options puts investors at risk to an excessive degree. But HotForex claims that binary options are easily accessible to traders of all levels of experience, even beginners.

 

Unique Features

FeatureInformation
⚖️ RegulationFSCA, CySEC, DFSA, FSA, FCA, FSC, with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions
⚖️ CBN RegulationNo
📊 Trading AccountsMT5/MT 4 Micro Account, Premium Account, HFcopy Account, Zero Spread Account, Auto Account
💻 Trading PlatformMetaTrader 4, MetaTrader 5
💳 Minimum Deposit (₦)2,000 Nigerian Naira equivalent to $5
📈 Trading AssetsForex Currency Pairs, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Equity markets and Stocks DMA, ETFs
📊 Nigerian Naira-based Account?No
💳 NGN Deposits AllowedNo
💰 Bonuses for Nigerian tradersYes
📈 Minimum spread0.0 pips EUR/USD
📈 Demo AccountYes
☪️ Islamic AccountYes

 

✔️ Pros❌ Cons
Well-regulated CFD and Forex broker that has a decent trust scoreUnited States clients and some other regions are not accepted by HotForex
The spreads offered are low and competitiveThere may be restricted leverage for EU clients because of regulatory requirements
There are several account types to choose from with reasonable trading fees chargedThere are no variable spread accounts offered
HotForex welcomes all types of traders and trading strategiesLimited funding options offered for deposits and withdrawals
There is a low minimum deposit requirement and secure methods for deposits and withdrawals
Suited to beginner traders and experienced traders
Offers comprehensive expert trading and market analysis
Offers a decent selection of educational tools and a range of trading tools

 

Trust Score and Nigerian Market Share

🥇 HotForex has a trust score of 83% and a Nigerian market share of 2.5%.

 

4. Pepperstone

Pepperstone-Logo-Tagline-RGB-BlackBlue

Overall Rating

Min Deposit

USD 10 / 4145 NGN

Regulators

Australia, Bahamas, Cyprus, Dubai, Germany, Kenya, UK

Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradeView

Crypto

Yes

Total Pairs

60+

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

 

Overview

👉 Internationally recognized FCA and ASIC regulated broker Pepperstone has high-speed execution and an offering for novices that other ECN brokers lack.

 

👉 Pepperstone’s clients have access to the most cutting-edge trading tools and the most competitive spreads in the industry, thanks to the company’s longstanding partnership with the three major third-party trading platforms.

 

👉 Pepperstone is a fantastic alternative for Forex traders in Nigeria seeking for a low-cost and dependable ECN broker with good education and market analysis sections and a decent array of trading tools.

 

Unique Features

FeatureInformation
⚖️ RegulationASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
📱 Social Media Platforms• Facebook
• Twitter
• Instagram
• LinkedIn
• YouTube
🏛 CBN Regulation?No
💻 Trading AccountsStandard account, Razor Account, Professional Account.
📲 Trading PlatformMetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade
💰 Minimum Deposit (₦)60,700 Nigerian Naira
💸 Trading Assets• Forex
• Cryptocurrencies
• Shares
• ETFs
• Indices
• Commodities
• Currency Indices
💵 Nigerian Naira-based Account?No
✔️ NGN Deposits Allowed?Yes
💰 Bonuses for Nigerian traders?No
📊 Minimum spreadFrom 0.0 pips
✔️ Demo AccountYes
☪️ Islamic AccountYes

 

✔️ Pros❌ Cons
Pepperstone ensures client fund security by keeping it in segregated accountsNigerian traders do not have a Naira-denominated trading account
Pepperstone is both a multi-regulated and multi-award-winning brokerThere are additional fees applied to the Islamic account
Pepperstone caters for all types of traders despite their trading experience or styleThere are some leverage restrictions
Well-regulated by some of the top market regulatory entities
Pepperstone accepts Nigerian traders and provides a plethora of educational material for beginners
There is a demo account and Islamic account offered
There are several funding options offered to traders
Deposit fees and withdrawal fees are not charged

 

Trust Score and Nigerian Market Share

🥇 Pepperstone has a very high trust score of 92% and a market share of <5% in Nigeria.

5. FP Markets

Overall Rating

Min Deposit

USD 100 / 41450 NGN

Regulators

ASIC, CySEC

Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

Total Pairs

60

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

 

Overview

👉 Trading platforms like MetaTrader 4, MetaTrader 5, and Iress are available from FP Markets, which also offers raw spreads and large leverage to its clients.

 

👉 FP Markets provides an outstanding trading environment, with raw spreads and the option of either ECN or DMA accounts as a trading option.

 

👉 The MetaTrader and Iress trading platforms are suitable for both novices and experienced traders, and there is a wide range of FX, equity CFDs, futures, and cryptocurrencies to choose from.

 

👉 Customers will appreciate the high level of customer support, the quick sign-up process, as well as the user-friendly client interface that makes FP Markets an excellent choice for traders of all experience levels.

 

Unique Features

FeatureInformation
⚖️ RegulationASIC, CySEC
📲 Social Media Platforms• Instagram
• Facebook
• Twitter
• YouTube
🏛 CBN Regulation?No
💻 Trading AccountsMT4/5 Standard Account, MT4/5 Raw Account, MT4/5 Islamic Standard Account, MT4/5 Islamic Raw Account
📱 Trading PlatformcTrader, MT4 and MT5
💵 Minimum Deposit (₦)30,800 NGN
💰 Trading Assets• Forex
• Shares
• Metals
• Commodities
• Indices
• Cryptocurrencies
• Bonds
💸 Nigerian Naira-based Account?No
✔️ NGN Deposits Allowed?Yes
💰 Bonuses for Nigerian traders?No
📊 Minimum spreadfrom 0.0 pips
💻 Demo AccountYes
☪️ Islamic AccountYes

 

✔️ Pros❌ Cons
FP Markets is a well-regulated broker that has a high level of trustworthinessThere are no fixed spread accounts offered
There is a wide range of markets that can be traded across asset classesThere is no dedicated Naira account offered to Nigerian traders
There are powerful trading platforms supported across devicesThere are withdrawal fees charged
Nigerian traders receive an ECN pricing model with raw and tight spreadsThere are administration fees charged on the Islamic Account
There is guaranteed fast trade execution through the Equinix servers
Commission-free trading is provided
There is a dedicated Islamic account option for Muslim traders
Copy-trading and automatic trading is offered
There is a dedicated educational trader’s hub

 

Trust Score and Nigerian Market Share

🥇 FP Markets has a high trust score of 81% and a market share of <5% in Nigeria.

6. FXTM

Overall Rating

Min Deposit

USD 10 / 4145 NGN

Regulators

CySec, FSCA 

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

 

Overview

👉 Many new traders in Nigeria will find FXTM to be a fantastic option for them. FXTM includes a Micro Account with a cheap initial deposit, a great copy trading platform, and a range of learning courses in both video and written media, among other things.

 

👉 Beginning traders can also benefit from its daily market analysis, which helps them comprehend the real-world ramifications of news events on the options market and where trading opportunities exist.

 

Unique Features

FeatureInformation
⚖️ RegulationCySEC, FSCA, FCA, FSC Mauritius
📲 Social Media Platforms• Facebook
• Twitter
• LinkedIn
• Instagram
• YouTube
• Telegram
⚖️ CBN Regulation?No
💻 Trading AccountsMicro Account, Advantage Account, Advantage Plus Account
📱 Trading PlatformMetaTrader 4, MetaTrader 5, FXTM Trader
💵 Minimum Deposit (₦)10,000 Naira
💳 Trading AssetsPrecious Metals, Stock Trading, Stock CFDs, Indices, Forex Indices, Forex Currency Pairs, Commodities, Stock Baskets
✔️ Nigerian Naira-based Account?Yes
💸 NGN Deposits Allowed?Yes
💰 Bonuses for Nigerian traders?Yes
📊 Minimum spreadFrom 0.0 pips
✔️ Demo AccountYes
☪️ Islamic AccountYes

 

✔️ Pros❌ Cons
FXTM is a multi-regulated and award-winning forex brokerInactivity fees are charged on dormant accounts
There is a dedicated customer support team availableFXTM does not offer its services to United States clients
There are several easy and quick funding and withdrawal methods offered
There are three dynamic retail investor accounts to choose from with high maximum leverage ratios
Low minimum deposit requirements and commission-free trading offered
Deposit fees are not charged on any of the payment methods offered and the processing times on withdrawals are quick
There is a selection of educational tools offered and research tools for experienced traders
There is dedicated customer support offered in multiple languages

 

Trust Score and Nigerian Market Share

🥇 FXTM has a trust score of 93% and an overall market share of over 9.6% in Nigeria.

7. GO Markets

Overall Rating

Min Deposit

USD 200 / 82900 NGN

Regulators

ASIC, CySec, FSC, FSA and SCA

Trading Desk

Hybrid

Crypto

Yes

Total Pairs

60

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

 

Overview

👉 In addition to having an ECN account, GO Markets offers a reasonable choice of tradable products on both the MT4 and MT5 trading platforms, which are both well-regulated.

 

👉 GO Markets’ most prominent feature is the sheer volume of trading tools available to clients, which includes a VPS hosting service, Autochartist and Trading Central, as well as MT4/MT5 Genesis and A-Quant, which provides a plethora of daily trading signals.

 

Unique Features

FeatureInformation
⚖️ RegulationASIC, FSA Seychelles, FSC Mauritius, CySEC
📲 Social Media Platforms• Instagram
• Facebook
• Twitter
• YouTube
🏛 CBN Regulation?No
💻 Trading AccountsStandard Account, GO+ Account
📱 Trading Platform• MetaTrader 4
• MetaTrader 5
💸 Minimum Deposit (₦)61,700 NGN
💵 Trading Assets• Forex CFDs
• Share CFDs
• Index CFDs
• Metal CFDs
• Commodity CFDs
💰 Nigerian Naira-based Account?No
💳 NGN Deposits Allowed?No
💸 Bonuses for Nigerian traders?No
📊 Minimum spreadFrom 0.1 pips
💻 Demo AccountYes
☪️ Islamic AccountNo

 

✔️ Pros❌ Cons
GO Markets is a well-regulated broker with a high trust scoreThere is a high minimum deposit
GO Markets offers powerful and user-friendly trading platforms across devicesThere is no Islamic account option provided for Muslim traders
There are commission-free trading options offeredNigerian traders may face currency conversion fees when they deposit in Nigerian Naira
GO Markets offers tight spreads and competitive commissionsThere are no local deposits and withdrawals offered to Nigerian traders
Trading Central, VPS, Myfxbook, AutoChartist, and MT4/5 Genesis is offeredThere are no Nigerian Naira-denominated accounts
Traders have access to a-Quant tools
There is a comprehensive GO Trade Academy educational portal for beginners
GO Markets offers dedicated customer support

 

Trust Score and Nigerian Market Share

🥇 GO Markets has a high trust score of 98% and a market share of <5% in Nigeria.

Understanding how binary options work

👉 When it comes to binary options, the assumption is a straightforward yes or no proposition: Will an underlying asset be trading above a specific price at a certain time?

 

👉 As a result, it is one of the most straightforward financial assets to trade, with traders placing transactions based on whether they believe the response is yes or no.

 

👉 Because of its simplicity, it has gained widespread acceptance among traders and newbies to the financial markets.

 

👉 Even though binary options appear to be simple, traders should thoroughly grasp how they function, which markets and time frames they may trade with binary options, as well as the advantages and downsides of using these products.

 

👉 Investing in binary options is as easy as asking a simple question: will this market be above this price at this particular point in time? If you believe it is, you buy; if you believe it is not, you sell.

 

👉 As a result, binary options are priced between $0 and $100, allowing you to choose how much capital you are willing to risk.

 

👉 Because each contract will show you the greatest amount of money you may win and the maximum amount of money you could lose, you can always make an informed decision and ensure that losses do not spiral out of hand.

 

👉 If your trade is a success, you will receive a $100 payout, which means your profit will be $100 less the money you spent to open the transaction, resulting in a profit of $100.

 

👉 If your deal does not go through, you will not receive a compensation for it. This means that you have lost your capital, but not anything else, because your risk has been limited.

 

👉 Binary option contracts can provide traders with fast-paced trading opportunities while also limiting their exposure to risk, making them an excellent choice for traders of all levels of experience.

 

👉 Maintaining focus on your trading strategy while also managing risk is critical for success. This will prevent you from putting too much money at danger and losing more money than you can afford to lose.

How to set up a binary options contract

👉 A contract for a binary option is composed of three fundamental components:

  1. The market on which everything is built. This is the market on which you want to trade – typically brokers offer forex, stock indexes, commodities, and sporting events as trading options.
  2. The striking price is the price at which a contract is terminated. This is the critical price level at which the market must operate. The striking price is critical to the decision-making process in binary options – in order to conduct a trade, you must determine whether you believe the underlying market will be above or below the strike price.
  3. The date and time of the expiration. You can trade binary option contracts with durations ranging from five minutes to one week, with the shortest contracts lasting only five minutes.

 

👉 Traders can access four markets for binary options, namely:

➡️ Forex

➡️ Stock indices

➡️ Commodities

➡️ Events

How to choose a forex broker

👉 Nigerian traders must evaluate the following components of a forex broker to decide whether the broker is suited to their unique trading objectives and/or needs.

 

Regulations and Licenses

👉 This is the first important component that traders must thoroughly evaluate. Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others. Nigerians must beware when dealing with brokers that only have offshore regulations such as FSA, SVG BVI, FSC, and others.

 

Account Features

👉 Account Features include leverage trading and margin requirement, commissions and spreads, initial deposit, additional features on retail investor accounts, and so on.

 

Deposits and Withdrawals

👉 Nigerians must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits among other trading and non-trading fees.

 

Range of Markets

👉 The range of markets offered refers to the number and range of tradable instruments that the broker offers. Nigerians must consider what they wish to trade and what is available.

 

Customer Support

👉 Customer Support is another crucial factor and Nigerians must check the availability of support (trading hours), the quality of support, and the promptness with which the customer support team responds to queries.

 

Trading Platform

👉 A trading platform is the Nigerian trader’s portal to the financial markets. Traders must ensure that the trading platform has the necessary technical indicators, fundamental analysis, technical analysis, economic calendar, charting, newsfeed, and other tools they may need.

 

Education and Research

👉 Education and Research come in handy to both novice traders and experienced investors. Education includes some of the following:

➡️ eBooks

➡️ Trading guides

➡️ Trading knowledge on leveraged products

➡️ A risk warning on complex instruments

➡️ Educational videos

 

👉 Research can include some of the following:

➡️ Trading tools

➡️ Commentary

➡️ Status of International Markets

➡️ Price movements

➡️ Market sentiments

➡️ Whether there is a volatile market

➡️ Exchange Rates

➡️ Expert opinions and several other resources can help experienced traders make informed trading decisions.

FAQ

Is it safe to trade binary options?

Compared to other high-risk trades, trading in binary options with a broker is far safer in general. It’s simple and straightforward, with a clear understanding of how much you may expect to win or lose before making a decision. If you don’t know what you’re doing with your investments, you’re not going to lose money.

Can you win with binary options?

There are just two possible outcomes: winning or losing a certain sum of money. Additionally, there are no additional fees or commissions involved.

Is binary trading legal?

Binary options trading is legal as long as it is conducted through a legitimately regulated binary options broker.

What is the best time for binary options trading?

Trading binary options on currencies between 8 a.m. and 12 a.m. is ideal. A majority of trading takes place between 8 AM and 12 AM (Eastern Standard Time) in the United States and Europe.

Can you trade binary options 24/7?

Most binary options are traded on a 24 hour basis. There are certain times when binary options are better traded than others.

Conclusion

👉 Overall, binary options trading is a straightforward and relatively low-risk trading method that is best conducted through regulated binary options brokers in Nigeria.

9.1/10 - (20 votes)

Table of Contents

Menu