Best online CFD trading platform 2018
- July, 2018
- By Samuel Adebayo
Quick link: Just want to find a great CFD broker in Nigera? We recommend IQ Option. Click here to learn more...
Are you looking for the best online CFD trading platform in Nigeria? We have tested many of the CFD trading platforms out there and we think AvaTrade is the best one by far. The reasons for these are many and we will go through this detail below but let’s start with a quick summary:
Access to all world markets with over 15k CFD's
Commodities, stocks, ETF, indexes and crypto
Leverage up to 400 times your capital on trades
Based in Nigeria with over 95k nigerian traders
Holds broker licenses in the Top 5 market hubs
Great mobile trading app for Android and iPhone
Available online, on desktop and on mobile
Local Nigerian support on phone, email and chat
Accepts all Nigerian bank accounts and cards
Minimum deposit only 36k NGN to start trading
Open an account and start trading in 5 minutes
Let’s look at this in a bit more detail.
World market access
When you are looking for a good CFD trading platform you want to make sure that you have access to as many CFD’s as possible. On the AvaTrade platform you have access to over 15,000 CFD from all world markets, spanning from stocks to commodity, forex, ETF’s and cryptocurrency like Bitcoin – all in one platform. You should be able to place trades on these CFD’s from anywhere and when we tested IQ Option you can reach all these CFD in just one login from all devices.
High leverage
One of the main reasons to trade with CFD’s is that you are offered leverage and IQ Option offers the biggest leverage for Nigerian trades, up to 400 times your own capital or in other words 1:400. You can use this leverage on all CFD’s on the trading platform and these are available to all traders, new accounts as existing. The over-night interest is also very low if you want to keep your trades open over-night. Now that is what we call the best online CFD trading platform!
Local Nigerian presence
AvaTrade is the only CFD trading platform what we found that has a local presence in Nigeria (in Lagos to be exact) and we think this is important because they would have better insights in the to the conditions and expectations of Nigerian trades then foreign brands that have offices in London or Hong Kong. You can call the local Nigerian phone number of IQ Option and ask for help at any time and from our experience when we tried this, the support staff is really friendly and helpful. You can also contact them by email or chat message if you prefer.
Regulated broker
It is of course important that the broker follows rules and regulations and IQ Option does exactly that. It is regulated in Cyprus and they apply the same rules and regulations for these Nigerian traders as well. These rules state that the broker has to keep your funds in separate bank account in well-established banks and that they must process your withdrawals in a timely fashion.
Trade on the go with mobile apps
Of course you wouldn’t want to be tied to a desktop or laptop to make your trades and you want to trade using a mobile app. IQ Option mobile provides these features from its Android and iPhone app called AvaGo. Here you can use your same login as online or desktop and have access to all trades you want to make plus check your account balance and request withdrawals. The app is also really user-friendly and easy to navigate through.
Deposit methods and minimum required deposit
IQ Options accepts deposits from as little as 3,600 NGN from all Nigerian-issued debit or credit cards as well as bank transfers and online wallets such as Neteller, Skrill and Paypal. Deposits are quick and easy and you usually have the funds in your account within minutes. The minimum required deposit is also low at only 3,600 niara or a 10 US dollars so you don’t need a lot of capital to get started trading on the online cfd trading platform.
Summary – Best online CFD trading platform
We think IQ Option is the best option of Nigerian trades for the many reasons mentioned above but if we summaries these then the high number of available CFD’s for different instruments, high leverage, local Nigerian support and bonus would be our top reasons to try IQ Option.
We hope that this article on the best online CFD trading platform has given you the information you need. The next natural step is to use the free educational material and free demo account that our recommended CFD broker provides:
IQ Option - The best choice for Nigerian traders according to us - Click here to learn more
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