6 minute read
Exness Nigeria Sign Up for MT4/MT5 Trading Accounts
from Exness
by Exness_Blog
If you live in Nigeria and want to start trading forex or CFDs, one of the most reliable brokers you’ll come across is Exness. With a strong international reputation, competitive spreads, and support for both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), Exness has become a popular choice among Nigerian traders. In this guide, we’ll explain how to sign up for an Exness account in Nigeria, what legal considerations to keep in mind, the types of accounts available, payment methods, and the minimum deposit you’ll need to get started.
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Is Exness Legal and Available in Nigeria?
The first question Nigerian traders often ask is whether Exness is legally available in the country. The answer is yes. Exness is a globally recognized broker regulated by several reputable authorities, including the Financial Services Authority (FSA) of Seychelles, the Financial Sector Conduct Authority (FSCA) of South Africa, and the Cyprus Securities and Exchange Commission (CySEC).
While Exness does not have a local license from the Central Bank of Nigeria (CBN), Nigerians can legally open trading accounts with international brokers that accept clients from the region. Exness falls under this category. This means that Nigerians can safely trade through Exness as long as they comply with both the broker’s requirements and their local financial laws, particularly around taxation of trading profits.
In short: Exness is available and accessible in Nigeria, and signing up is straightforward.
How to Sign Up for an Exness Account in Nigeria
The registration process is simple and can be completed online within minutes:
1. Visit the Exness Website – Go to the official Exness Nigeria 👈 portal.
2. Click “Register” – You’ll find the sign-up button at the top right corner of the homepage.
3. Enter Your Details – Provide your email, password, and select Nigeria as your country of residence.
4. Verify Your Identity – Upload a government-issued ID (passport, national ID, or driver’s license) and proof of address (such as a utility bill or bank statement).
5. Choose Your Account Type – Decide between Standard or Professional accounts depending on your trading needs.
6. Download MT4 or MT5 – Once your account is set up, you can log in using MetaTrader 4 or MetaTrader 5.
7. Make Your First Deposit – Select one of the supported Nigerian payment methods and fund your account.
Within minutes, you can start trading forex, indices, commodities, or cryptocurrencies with Exness.
Exness Account Types in Nigeria
Exness offers a variety of account types designed for different levels of traders. Nigerians have access to the same range of accounts as traders in other regions:
1. Standard Accounts
Perfect for beginners and casual traders.
· Standard Cent: Allows you to trade with micro-lots, making it ideal for those testing strategies with small amounts of capital.
· Standard Account: A flexible account with competitive spreads, no commission, and access to all trading instruments.
2. Professional Accounts
Designed for experienced traders who want tighter spreads and better execution.
· Raw Spread Account: Ultra-low spreads starting from 0.0 pips with a fixed commission per lot.
· Zero Account: Zero spread on major instruments for most of the trading day, with a small commission.
· Pro Account: Instant execution and no commission, best suited for professional traders.
Each account type is available on both MT4 and MT5, giving Nigerian traders flexibility in choosing their preferred platform.
Supported Payment Methods in Nigeria
Funding your Exness account in Nigeria is straightforward because the broker supports multiple local and international payment methods. This is one of the main reasons why Nigerian traders prefer Exness—it makes deposits and withdrawals fast and convenient.
Here are the most common options:
1. Local Bank Transfers
o Exness supports direct deposits and withdrawals via major Nigerian banks such as GTBank, Zenith, Access Bank, and First Bank.
o Transactions are usually processed instantly or within a few hours.
2. E-Wallets
o Skrill, Neteller, and Perfect Money are supported.
o These are great for traders who want faster and more private transactions.
3. Bank Cards
o Visa and MasterCard are accepted.
o Deposits are instant, while withdrawals may take 3–5 business days.
4. Cryptocurrency
o Exness allows funding with Bitcoin, Tether (USDT), and other cryptos.
o This is useful for traders who prefer decentralized payment methods.
The key advantage of Exness is that deposits and withdrawals are free of charge. The broker does not impose hidden fees, though your bank or payment provider might.
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Minimum Deposit Requirement for Exness Nigeria
Another common question is: What is the minimum deposit to open an Exness account in Nigeria?
The good news is that the minimum deposit is very low:
· Standard Accounts – From $1 (approximately ₦1,500, depending on exchange rates).
· Professional Accounts – From $200 (around ₦300,000).
This means beginners can start trading with very little capital, while advanced traders can choose professional accounts for better pricing.
Why Choose Exness in Nigeria?
Nigerian traders have many broker options, but Exness stands out for several reasons:
· Regulated and Trusted: Exness is regulated by top-tier authorities, giving traders confidence in security.
· Low Minimum Deposit: Starting from just $1, which is perfect for beginners.
· Flexible Account Types: Suitable for both novice and professional traders.
· Fast Deposits and Withdrawals: With support for local Nigerian banks.
· Supports MT4 and MT5: The world’s most popular trading platforms with advanced charting and automation tools.
· Transparent Pricing: No hidden fees and tight spreads.
Final Thoughts
Signing up for Exness in Nigeria is quick, legal, and beginner-friendly. With account options for every level, instant local deposits, and access to both MT4 and MT5, it’s one of the best choices for traders in the country. The minimum deposit is also affordable, making it possible to start small and grow over time.
If you’re ready to start trading forex or CFDs, Exness provides a secure and transparent environment for Nigerian traders. Just remember to trade responsibly, use risk management strategies, and stay aware of the legal obligations around your profits.
💥 Trade with Exness now: Open An Account or Visit Brokers 🏆
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