Exness Naira Account & Minimum deposit in Nigeria
Accepts Nigerian Clients
Exness is a global Forex and CFDs broker famous for its user-friendly platforms and diverse account offerings. Additionally, Exness is one of the top brokers in the market when it comes to financial inclusion. This broker supports a plethora of national currencies as base account currencies. The Nigerian Naira is one of the currencies that this broker supports.
In this article, we will look at the Exness Naira Account. We will shed light on how it serves as a gateway to seamless forex trading in Nigeria.
What is the Exness Naira Account?
The Exness Naira Account is designed to provide Nigerian traders with a convenient and accessible account to participate in the forex market. This account is denominated in the local currency, the Naira (NGN). As such, it eliminates the need for currency conversion and offers a transparent and straightforward trading experience.
Risk warning: Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
Key Features of Exness Naira Account
Local Currency Denomination
The primary advantage of the Exness Naira Account is that it is denominated in Naira, the official currency of Nigeria. This eliminates the hassles associated with currency conversion.
t ensures that traders can easily manage their accounts without being subjected to exchange rate fluctuations. Moreover, having an account in a trader’s local currency ensures fast deposits and withdrawals.
Exness offers traders some of the lowest spreads in the market. There are five different accounts to choose from all with different offerings to traders. There are five main accounts to choose from, two standard accounts and three professional accounts.
The two standard accounts offer spreads from as low as 0.3 pips with no commissions paid. On the other hand, the three professional accounts offer lower spreads with only two of the accounts requiring a commission.
Low Entry Barriers
Exness is committed to providing inclusive access to the forex market, and the Naira Account reflects this. With low entry barriers, traders can open an account with a relatively small initial deposit.
This makes it accessible to a wide range of individuals, including those who are new to forex trading. Exness requires a fairly low minimum deposit amount. The minimum Exness deposit in Nigeria is approximately 7,775 Naira (the equivalent of $10).
Among other deposit and withdrawal methods, Exness supports the following payment options.
Flexible Leverage Options
Leverage is a crucial aspect of forex trading. It is a double-edged sword that amplifies both potential profits and risks. The Exness Naira Account offers Nigerian traders one of the highest leverage options in the market.
On this broker site, traders can access leverage of up to 1:unlimted. This allows traders to choose a leverage level that aligns with their risk tolerance and trading strategy. Such flexibility empowers traders to customize their approach based on individual preferences.
Wide Range of Tradable Instruments
Exness provides access to a diverse range of financial instruments. In total, the broker offers its traders access to over 250 different trading instruments. These include CFDs on forex, stocks, energies, cryptocurrencies, and indices. Traders using the Naira Account can diversify their portfolios and capitalize on various market opportunities.
Advanced Trading Platforms
Exness offers cutting-edge trading platforms, including the widely acclaimed MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Additionally, it offers its own platform, Exness Terminal.
These platforms are known for their user-friendly interfaces, advanced charting tools, and automated trading capabilities. Consequently, they provide traders with a seamless and efficient trading experience.
Exness supports the following trading platforms
Benefits of Exness Naira Account for Nigerian Traders
The Exness Naira Account stands as a testament to the broker’s commitment to providing accessible and tailored solutions for traders in Nigeria. With this account, Exness creates a platform that caters specifically to the needs of Nigerian traders. It eliminates the complexities associated with currency conversion and lowers entry barriers.
On top of that, it offers a range of features to fit all kinds of traders. The Naira Account not only facilitates seamless transactions but also contributes to the broader goal of financial inclusion. It empowers individuals to participate in the global forex market with confidence. We can conclude that the Exness Naira Account is a compelling option for Nigerian traders seeking a reliable and user-friendly platform for their forex endeavours.