And I thought the problem was with the platform, but now I realize that it’s my broker. It also did the same on US OIL and this was just a technical analysis. I found that the trade hit my TP and went even beyond, but when I come back I find it on a loss. On October 26, 2020, Pepperstone Kenya officially launched its operations in Kenya, and became the 3rd CMA licensed and regulated forex broker in the Kenya.
In addition to above, Alpari also offers zero fees with all their deposit methods, 30% bonus offer for new users, and loyalty bonus for old users. Another key feature is that the support team of Alpari is available 24X5 in Nigeria, so you can reach them anytime if you need their help. In addition to this, Exness offers tight spreads with their three major account types. Minimum spread for FX starts from 0.1, which is quite low compared to various other brokers operating in the market. Exness does not charge any commissions with two of its account types. The funding & withdrawal options at OctaFX are very wide for Nigerian traders.
You should be aware that investing may result in financial loss. For a Mini/standard account, it requires a minimum deposit of $1, but then it is accompanied by larger spreads beginning from 0.3 but fewer instruments available to trade. The Mini account type is apt for users as it requires a $1 minimum deposit, a 0.000 minimum lot size, and no deposit and withdrawal commissions.
You’ll also find more than 50 different drawing tools and over 100 indicators. It takes just one click to set all the necessary buy and sell orders, set parameters for these orders, and access additional features. Only clients of the broker have access to this terminal. As soon as you register your personal account, you only need to make one click on the “Trade” button and then select Exness Terminal. This platform has extended functionality and is even more convenient for making decisions.
Exness offers an excellent trading environment for both beginner and expert traders. Commissions will vary depending on the account type and on the asset being traded. With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide.
Exness Market Tools And Analytical Instruments
My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications. By definition, a margin is a sum of money taken by a broker for his services. The asset’s remnant on the personal account is called a ‘free margin’. The difference between these notions is that margin is applied for current existing orders, while free margin denotes the number of funds available to open new trades. Although it is possible to check a free margin in the Personal Area, they are not extracted from the account until trades are in progress.
A live chat isn’t available, but most traders are unlikely to need much assistance. Exness offers multilingual support and advertises its availability on its website, as well as via email and phone. English, Chinese, and Thai assistance are available 24 hours a day, seven days a week. The commission-free Pro Account has higher spreads than the ECN Account but lower commission costs at $25.
Trading Exness And Forex
Each category consists of a vast selection of sub-modules, written content, and videos. It follows the quality of the published research with attention to detail as well as a well-thought-through instructional course. It is an outstanding source for new traders to build a solid foundation from which to grow. Nymstar also offers the failed successor platform, MT5, which lacks backward compatibility. Exness has over twelve years of operational experience and is currently in the process of restructuring.
So, it looks like everything is provided here for customers to gain their income. Broker companies, nowadays, are essential for the relations between trader and buyer. One of the famous and high-quality broker companies is Exness which provides its customer with well-developed service. There are many advantages we can notice for Exness, for instance, its minimum deposit and the fact, that it provides customers with trustworthy security.
At Exness you can expect a fully-regulated and safe trading environment that allows to either open a demo account and test trading strategies or to open a live account to enter forex markets. The traders of world jurisdictions may be subjected to different account offerings that range according to regulation and compliance. Hopefully, this will change as soon as Pepperstone realizes the number of potential Kenyan clients they are discouraging from trading with them by not offering this popular transaction option. For now, your best bet would be to trade with one of the forex brokers that accept Mpesa.
Exness Raw Spread Account Features
While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that Exness is not a scam, read our trader reviews and check other popular trading related websites and forums. We have scanned fees that Exness etmedialabs.com/news/the-best-tools-for-volume-trading.html charges when trading popular currency pairs, here is their breakdown in pips. Forex trading is not yet regulated in Nigeria but choosing a foreign regulated forex broker is safe and legal in Nigeria.