The COVID-19 pandemic has altered the lives of millions of people around the world. Staff layoffs, business closures and the realization that the world will no longer be the same have forced people to think about new sources of income. Thus, trading is becoming an increasingly popular activity. This trend can be observed worldwide on a global scale, including in Nigeria.
However, in order to safely and effectively engage in trading, you need a reliable broker. For example, FBS Forex broker.
Who is FBS
FBS is an international company that has not only won the trust of traders around the world, but has also received numerous international awards, including Best Forex Broker, Best Copy Trading Application, Best Mobile Trading Platform, Best Forex Broker LatAm, Best Forex Broker Asia and many more. Another interesting fact is that FBS is an official Leicester City Principal Club partner.
The company was founded in 2009 and has since expanded into more than 150 countries. The head office is located in Limassol, Cyprus. FBS is trusted by over 23M traders and more than 410,000 partners worldwide, including Nigeria.
FBS Markets Inc activities are regulated by IFSC, license number IFSC/000102/310. Since the IFSC not only licenses companies, but also makes sure that they adhere to all the necessary rules for providing financial services, you can be sure that your funds are safe.
Why trade with FBS
In addition to being a licensed and experienced company, FBS provides a wide range of services for traders and meets all the requirements of modern financial markets.
Here are the main benefits of FBS in Nigeria that every trader will enjoy:
- Convenient trading tools
- Deposits and withdrawals via any system in any currency
- Deposit bonus for trading
- Multilingual customer support 24/7
FBS features: trading instruments and account types
With FBS, Nigerian traders have access to all the main trading instruments:
- Forex — major, minor and exotic currency pairs are available for trading;
- Metals — gold, silver, platinum and palladium;
- Indices — various most famous indices, including NASDAQ 100, Nikkei 225, S&P 500, and more
- Energies — natural gas and crude oil (Brent and WTI);
- Stocks — shares of the world’s largest companies, such as Tesla or Google;
- Crypto — round-the-clock trading of more than 100 currency pairs.
Depending on your preferences and interests, you can open different types of FBS accounts.
Standard account
This is the most common type of account among traders.
- No commission
- Minimum deposit of $100
- Floating spread from 0.5 pips
- Leverage up to 1:3000
Cent account
The most convenient account for beginners.
- No commission
- Minimum deposit of $1
- Floating spread from 1 pip
- Leverage up to 1:1000
Micro account
An account with a special feature — fixed spread.
- No commission
- Minimum deposit of $5
- Fixed spread of 3 pips
- Leverage up to 1:3000
Zero Spread account
Here the name speaks for itself.
- Commission from $20 per lot
- Minimum deposit of $500
- Zero spread
- Leverage up to 1:3000
ECN account
An ECN account allows you to trade without intermediaries.
- Commission of $6
- Minimum deposit of $1000
- Very low spreads
- Leverage up to 1:500
Crypto account
Trade over 100 cryptocurrencies with the FBS crypto account.
- Commission of 0.05%
- Minimum deposit of $1
- Floating spread from 1 pip
- Fixed 1:5 leverage
Special offers for Nigerian traders
A special feature is available for traders of the Muslim faith in Nigeria — the Islamic Swap Free Account. This means that traders on Cent and Standard accounts get no swaps or interest charges on overnight positions.
In addition, all Nigerian traders have access to Fix Rate special offer — deposits and withdrawals at a fixed exchange rate.
Trading platforms
With FBS, traders in Nigeria can download the following platforms to any device directly from the official website:
MetaTrader 4
- Available on Windows, Mac, Android and iOS
- 50 technical indicators and charting tools
- Create, buy, and use Expert Advisors and scripts
- All types of Forex trading orders
- Implement strategies of any complexity
MetaTrader 5
- Available on Windows, Mac, Android and iOS
- 38 technical indicators
- More functions to create technical indicators, trading robots and utility apps
- 6 types of pending orders
- Economic Calendar
FBS Trader: mobile trading platform
- FBS’s own platform
- All the trading instruments available in one app
- Real-time statistics
- Simple interface
- Instant deposits and withdrawals via your preferred payment methods in your preferred currency
- Customer support 24/7
And for users of the FBS Trader application there are valuable bonuses:
- Quick Start bonus. If you sign up for a Quick Start Bonus account after you install the app and register, you will receive a free $100 bonus to start mobile trading.
- Activate Cashback Bonus in the app and get up to 20% for each order.
- Mobile trading library. An immense selection of training materials is available in the FBS Trader app and will be useful to both novice traders and experienced professionals.
FBS Loyalty Program
The FBS Loyalty Program is an opportunity for traders in Nigeria to earn valuable prizes for every trade. Making a trade, you can earn not only money, but also status points. Then you earn new levels, which will allow you to get prizes of different values. The more points, the higher the level, the more valuable the prizes.
Overall, FBS is a great broker for those who want to start this business in Nigeria. It offers favorable conditions, comfortable and efficient trading platforms, many bonuses, and most importantly, a caring attitude towards its clients.
I appreciate most about FBS, their commitment to meeting the needs of their clients. They offer a variety of trading instruments to choose from, including forex, stocks, cryptocurrencies, and commodities, which allows traders to diversify their trading portfolios by exploring new trading opportunities.
FBS is a forex broker that has established a reputation for being a reliable and trustworthy choice for traders. They have a history of providing a secure trading environment for their clients.
I agree entirely with the points made in the article! FBS is indeed one of the best online brokers, not only in Nigeria but globally.
Their accessibility and low minimum deposit requirement make it possible for anyone to get started in trading without breaking the bank.
Furthermore, the exceptional bonuses they offer greatly enhance the trading experience, making FBS a superior choice for traders. It comes as no surprise that FBS is considered a top pick.
I kinda agree, even though I haven’t tries all the brokers here in Nigeria.
Well, it very true that this is one of the best brokers in the country, and in the world too. The broker offers a lot of tools, features and promos to boost their clients.
I would change the name of the article from “One of the best” to “the best”.
Not just in Nigeria, but in many countries as well. However, in Nigeria, I believe the Central Bank has a lot of restrictions and regulations on their currency, which makes it a bit tricky for other brokers. However, with FBS, the broker incorporates many local transaction methods, making it a simpler process to use their services.
It’s true. I researched the broker before I joined it and it turned out FBS has a global presence and its reputation in the forex industry is very good.
Are there any local payment methods available for Nigerian traders?