Key benefits of trading on Forex in Nigeria with Alpari
Trading with Alpari Nigeria
Financial markets are strongly associated with an investment in stocks and shares. However, a more accessible form of money-making is Forex trading. Since the value of national currencies is always in flux, insightful traders derive profit from the dynamics. A reliable broker like Alpari will help you learn the ropes of trading and monetize this knowledge.
How does it work exactly?
The foreign exchange market, as the term suggests, is a place where currencies are bought and sold. Each of them has its own special asking price (buying price) and bid price (selling price) at every given moment.
Your profit is determined by this difference, which is strongly affected by both micro- and macroeconomic factors. A responsible broker provides expert financial advice and support for every trader.
Here are a few of the features that make Alpari International stand out. Operating in Nigeria, it is part of the well-established Alpari brand that has two decades of experience. It offers beneficial spreads, easy withdrawals, regular promotions and other advantages, such as:
Broad choice of trading instruments
This includes almost six dozen currency pairs, commodities, and cryptocurrencies. From gold to Etherium, the range is impressive. As concerns currencies, there are four base currencies in use. These are the US dollar, the Euro, the British pound, and the Nigerian Naira.
Besides, there are eleven global equity indices. The larger your deposit — the more advantageous the spread, and thus your personal monetary gains.
Two execution models available
Traders may choose between the ECN and market maker types.
The function allows you to trade with larger amounts than your current account balance. This ratio may reach 1000 to 1, which is very generous.
The so-called Islamic accounts are also available.
The company’s operations are subject to supervision by FSC Mauritius.
Trading is performed via one of the two platforms provided by the company.
This customizable platform has an intuitive interface, and it is equipped with multiple charting tools. There are many strategies, indicators, and scripts that facilitate analysis and trading. Moreover, the software is optimized for portable devices. It is compatible with smartphones, tablets and Pocket PC.
MT 5 is one step above its predecessor in terms of functionality. Among the additions are the trading robots, many new scripts and indicators in MQL5, and the option of quick back-testing. Overall, it is aimed at more experienced traders, and it does not work in the live trading mode. There are over three dozen indicators and over three dozen graphic objects.
Alpari Copy Trading
A special program devised for copy trading — Alpari Copy Trading — allows clients to still earn a profit when they lack time or experience to do it on their own. This is achieved through copying from a Strategy Manager for a fee.
The Alpari International team is a highly qualified support squad headquartered in Mauritius. It works 24 hours on five weekdays plus several hours on Sunday.
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