TheCable

From today, global award-winning broker, FXTM, is enhancing its product offering to Nigerian traders, by making its leading Standard and ECN trading accounts available in naira.

The launch of the new naira currency accounts are exclusive to citizens and residents of Nigeria, demonstrating FXTM’s commitment to providing tailored products and services for local investors.

As part of the new service, Nigerian traders can open Cent Accounts with as little as N1,000, and Standard Accounts with N20,000, while also continuing to benefit from the excellent trading terms available across all FXTM’s Standard and ECN accounts, which include floating leverage up to 1:1000, low deposits fees and instant withdrawals, and the ability to implement hedging strategies via the MT5 ECN account.

Additionally, FXTM’s clients in Nigeria can rely on the broker’s instant execution and competitive spreads, while account funding will be easier than ever – with local transfer methods also available on the new naira accounts.

Commenting on the announcement, Jameel Ahmad, VP of Corporate Development and Market Research at FXTM said, “Supporting our clients around the world to get the most from their trading experience is key to FXTM’s mission.

Having listened closely to the needs of our traders in Nigeria, we are pleased to now be one of a handful of brokers which offer the naira as a base currency for trading. This is an exciting development for FXTM, and with these new naira accounts, which have been launched specifically to cater to Nigerian traders, we expect to see even higher levels of demand for our products and services.”

FXTM’s world-class products and services for local traders were recently recognised when the broker was named Best Forex Broker, Nigeria 2016 by the Global Brand Awards.

The addition of the naira accounts is part of FXTM’s wider commitment to traders in Nigeria which has recently seen the global broker roll out an extensive program of local educational events.

Led by FXTM’s Head of Education, Andreas Thalassinos, a series of seminars and training sessions held in Abuja and Lagos from September to November, proved to be extremely popular with more than 650 attendees. Similar events are planned for 2017 as FXTM looks to further develop its educational initiative and reach more traders in Nigeria.

More information about the naira accounts available on the FXTM website.