In Nigeria, gold and silver trading is gaining popularity among investors. Nigeria has several gold buying stations. The capital city, Abuja, has a number of gold buying stations. The gold should not contain mercury or amalgam. To engage in gold trading in Nigeria, you must choose the right market and decide whether to trade short-term or long-term. Once you’ve chosen the right market, you can start trading in gold in Nigeria.
Equiti is a popular forex trading platform that offers trading opportunities in the global financial market. The platform offers trading opportunities on currencies, spot metals, commodities, stocks, and indices. The company also provides training and education on trading. It has offices in Asia, Africa, and the Americas, and plans to expand its presence to key Nigerian cities. However, if you’re looking for a safe and secure forex trading platform in Nigeria, you may want to choose another broker.
Libertex allows deposits of EUR100 and accepts credit/debit cards, bank transfers, and e-wallets. The trading platform supports MT4 and MT5, and offers leverage up to 1:30. TD Ameritrade is another reputable brokerage that has a Silver trading platform with a variety of trading platforms. It offers full functionality for MT4 and MT5 and supports gold trading as well.
In addition, you can use Sanu to buy gold and silver in Nigeria in small retail quantities. This is a new innovation in the mining industry in Nigeria. The company has launched a digital platform called Sanu. Using this service, investors can buy and sell gold in Nigeria in small retail quantities. This means that you can buy and sell gold and silver with small amounts and then collect them from selected Union bank branches or from other locations in Dubai.
Trading silver is similar to trading gold. The difference is that you can invest in the currency of your choice. The currency exchange is more liquid, and you can trade in different currencies at any given time. If you’re not experienced in trading precious metals, this can be a great option. You can trade in Nigeria on the most trusted exchanges in the world. The Forex gold and silver trading in Nigeria market has plenty of liquidity to meet all your needs.
As with other commodities markets, gold and silver trading in Nigeria is regulated by the Financial Conduct Authority in the UK. However, there are a few disadvantages to using a Forex / CFD broker. Some brokers charge excessive spreads and commissions on their services. Also, they may charge a fee to hold open trades after 5pm in New York. If you want to avoid such fees, you can use an Islamic trading account.
Some brokers publish their overnight financing fees on their websites. These fees can be categorized as swap, tom/next, or overnight financing fee. The fees can be positive or negative depending on the broker’s policy. Most Forex / CFD brokers accept minimum deposits of $100. In addition, they offer free demo accounts. In Nigeria, you can also trade gold and silver in the foreign currency exchange market. You can start trading with a minimum deposit of $100.
