HERE IS A LIST OF FOREX BROKERS THAT OFFER INSTANT WITHDRAWALS
Best Brokers with Instant Withdrawals
Several brokers offer instant withdrawals to international clients including traders from Nigeria. Instant withdrawal helps strengthen customer-broker relationships and it's a sign a broker is committed to its clients. Moreover, instant withdrawals give clients a good user experience and brokers use it as a means to attract traders. It allows traders to access their profits immediately and use them as they wish.
This article will look at some of the best brokers with instant withdrawals. To determine the best broker we will first have to determine the quality of service the broker offers. This will include features such as low spreads, a deep collection of trading instruments, world-class trading platforms, and regulations from reputable organizations. Let’s jump in.
Exness
Exness is a popular broker that offers instant withdrawals to its traders. An important point to note is that although the broker processes the withdrawal instantly the request may take some time to be processed on the payment system provider's side. Some of the fastests payment systems supported by Exness include Skrill, Neteller, Mobile Money, Card payments and Cryptocurrencies.
According to the broker's deposit and withdrawal page. "At Exness, 95% of withdrawals are processed instantly (under 1 minute). Once your funds leave our custody, it's up to your chosen payment provider to process the funds and credit your account."
Exness stands out among its competitors with regulations from renowned regulators in the market. The broker has licenses and regulations from the FSCA in South Africa and the CMA in Kenya. On top of that, it has regulations by the CySEC in Cyprus, and the FCA in the UK.
Further, Exness has several accounts a trader can choose from. The accounts offered range from two standard accounts to three professional accounts. The standard has two account types that have spreads from as low as 0.3 pips for major currency pairs with no commissions. On the other hand, the professional accounts have spreads from as low as 0 pips plus a commission. The commission offered on the professional account depends on the account a trader is on.
Further, Exness allows diversification of trading portfolios due to the wide range of trading instruments it offers. The range of markets offered by the broker includes forex, indices, stocks, metals, energies, and cryptocurrencies. Traders can invest in these markets using MetaTrader 4, MetaTrader 5, Exness Terminal, and Exness trade app. The variety helps clients to find the best platform that better suits their needs.
HFM
HFM offers instant withdrawals on iPay, DusuPay, Neteller, and Skrill. What's more, Nigerian traders can withdraw on the above gateway with no additional fees. HFM offers different account types including the cent, zero, pro, and premium accounts. The cent and the premium accounts feature spreads from 1 pip and 1.2 pip for major currencies respectively. The pro account features spreads from as low as 0.5 pips for major currency pairs with no commission. Lastly, the zero account features lower spreads from 0.0 pips with a commission that can be accessed on the broker's site.
HFM also offers a variety of trading instruments for its traders to choose from. On this broker site, clients get access to over 500 market products including forex, metals, shares, stocks, bonds, indices, energies, commodities, crypto, and ETFs. The advanced trading platforms the broker offers to their clients include the MT4, MT5, and the HFM platform.
HFM has regulations from reputable organizations in the market including the FSCA in South Africa, the CMA in Kenya, the FCA in the UK, and more.
FP Markets
FP Markets is one of the reputable brokers in Nigeria that offers traders instant withdrawal. There are various payment methods that have instant withdrawal on FP Markets. These include Mybux, local bank transfers, and STICPAY (wallet instant). For a trader to acquire fast processing, the client is required to submit withdrawal requests from FP Markets' secure client portal.
Notably, FP Markets offers various global markets for Nigerians to invest in. With the variety offered Nigerians can invest in over 10,000 different instruments. These include forex currency pairs and CFDs on indices, commodities, stocks, bonds, and ETFs. Traders can access these trading instruments on world-class trading platforms the broker offers which include MT4, MT5, Iress, cTrader, and TradingView. The variety enables clients to choose the best platform that better suits their needs. The various platforms feature advanced charting, powerful trading tools, and superior executions.
FP Markets features two main account types that have different spreads and commissions. The trading accounts include the standard and the raw accounts. The standard account features spreads from as low as 1.0 pips for major currency pairs with zero commission. On the other hand, the raw account features spreads from 0.0 pips with a small commission of $3 per lot per side.
Lastly, FP Markets has licenses and regulations from reputable organisations in the market. The broker has regulations from the FSCA in South Africa, the CySEC in Cyprus, and the ASIC in Australia. regulations and longevity of a broker help improve its reputation.
FXTM
Trading Forex and CFDs entail risk.
Your capital is at risk.
FXTM offers instant withdrawal to Nigerian traders via one main payment option. Nigerian traders can access the withdrawal instantly on local Nigerian bank transfers with no additional charges. This is impressive as on most broker sites bank transfer withdrawals can take up to 2 business days. Moreover, this withdrawal option allows traders to access funds in their local currency, the Naira.
Notably, Nigerian traders can choose between MetaTrader 4, MetaTrader 5, and FXTM Trader as the trading platforms available to use in a variety of markets. Clients can access over 1,000 CFDs including on forex, indices, stocks, shares, cryptocurrencies, and metals. This diversity the broker offers is attractive to traders who want to diversify their trading portfolio.
FXTM offers three main accounts which include the micro, the advantage, and the advantage plus accounts. The Micro account and the Advantage Plus account both feature spreads as low as 1.5 pips upwards. In contrast, the Advantage account features commissions of about $0.4 to $2 based on the volume with spreads from 0.0 pips.
Lastly, the broker is regulated by several well-known regulators in the market. These include the FSCA in South Africa, the CMA in Kenya, and the FCA in the UK, among others.
Advantages of Instant Withdrawals
Instant withdrawal from broker sites comes with a plethora of advantages to brokers. Traders gain the convenience of managing their finances on their own terms. This enhances the trading experience and helps foster trust between traders and brokers. Several brokers in the market offer instant withdrawals to Nigerian traders. The brokers we listed here stand out for offering instant withdrawal plus excellent services to traders. Moreover, they are regulated brokers with years of experience in the market.
Nonetheless, there are tther brokers who offer instant withdrawals apart from the ones listed in this review. Hence, we advise traders to do their research before choosing a broker. Some of the factors they should consider include regulations from reputable organizations, a variety of trading instruments, low spreads, world-class trading platforms, and a diversity of global markets.