6 minute read
Is Exness Still Working in Nigeria? A Comprehensive Review
from Exness Blog
by Exness_India
The first question most Nigerian traders ask today is simple: is Exness still working in Nigeria? The short answer is yes, Exness continues to operate actively in Nigeria in 2025. Traders in the country can still open accounts, deposit and withdraw funds, and access all major trading platforms like MT4 and MT5. However, the details of how Exness functions in Nigeria, the payment methods available, and the regulations that affect Nigerian clients require a deeper look.
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This article will break everything down in a clear and direct way so you know exactly where Exness stands in Nigeria right now.
Exness Availability in Nigeria
Exness is one of the largest forex and CFD brokers in the world, with millions of traders across different regions. In Nigeria, it has maintained a steady presence for years. As of 2025, Nigerian traders can still:
· Register for new Exness accounts without restrictions.
· Access both Standard and Professional account types.
· Use Naira-friendly deposit and withdrawal methods.
· Trade forex, gold, cryptocurrencies, indices, and energies.
Unlike some brokers that have exited certain African markets, Exness continues to support Nigerian clients fully. This is mainly because Nigeria is one of the fastest-growing forex trading communities in Africa.
Regulation and Legitimacy in Nigeria
A common concern among traders is whether Exness is “officially regulated” in Nigeria. Here’s the reality:
· Exness is not regulated locally by the Central Bank of Nigeria (CBN) or the Securities and Exchange Commission (SEC Nigeria).
· However, Exness is a globally recognized broker regulated by respected international bodies such as the FCA (UK), CySEC (Cyprus), FSCA (South Africa), and FSA (Seychelles).
What this means for Nigerian traders is that Exness operates legally under international regulation, but not directly under Nigerian law. This setup is common for forex brokers in Nigeria since the CBN does not yet provide direct licensing for foreign brokers.
Deposits and Withdrawals for Nigerian Traders
One of the biggest reasons Nigerian traders prefer Exness is the ease of moving money in and out of trading accounts. Exness supports multiple payment methods that are highly accessible in Nigeria:
1. Bank transfers – Local Nigerian bank deposits and withdrawals are supported, often processed instantly or within hours.
2. Online payment systems – Skrill, Neteller, and Perfect Money remain popular among Nigerian Exness clients.
3. Cryptocurrency deposits – Bitcoin and Tether are widely available for Nigerian traders who want faster, decentralized funding.
4. Debit and credit cards – VISA and MasterCard are accepted, though some Nigerian banks may block international transactions.
In practice, Nigerian traders find that local bank transfers are the most convenient way to fund their accounts. Withdrawals are generally smooth, with Exness offering near-instant payouts for many methods.
Trading Conditions for Nigerians
Exness maintains the same trading conditions for Nigerian clients as it does for traders in other regions. These include:
· Spreads starting from 0.0 pips on Raw Spread and Zero accounts.
· Unlimited leverage in some cases, depending on the account type.
· MetaTrader 4 and MetaTrader 5 platforms for desktop, web, and mobile.
· Low minimum deposit starting from as little as $1 for Standard accounts.
This accessibility makes Exness attractive to Nigerian beginners who want to start small, as well as professionals who require advanced trading conditions.
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Customer Support for Nigeria
Another key factor to consider is whether Nigerian traders receive localized support. Exness provides 24/7 customer support and offers assistance in multiple languages. While there is no physical Exness office in Nigeria, online support and regional account managers are available.
Traders in Lagos, Abuja, Port Harcourt, and other cities rely on live chat, email, and phone support, which remain responsive.
Why Exness Is Still Popular in Nigeria
Even with tough competition from other global brokers, Exness remains one of the most popular names in Nigeria. Here are the main reasons:
· Trust and reputation – Exness has been operating since 2008 and is globally regulated.
· Fast payments – Nigerians value the instant withdrawal system, which is rare among brokers.
· Flexible trading conditions – The ability to start with as little as $1 makes it inclusive.
· Variety of instruments – From forex to gold and crypto, Nigerian traders can diversify.
These factors explain why many Nigerians stick with Exness despite the lack of local regulation.
Challenges Nigerian Traders Face
While Exness is fully functional in Nigeria, there are some challenges Nigerian traders should be aware of:
1. Bank restrictions – Sometimes, Nigerian banks may limit international card transactions, which can make deposits harder unless using local transfer or crypto.
2. Regulation gap – Since Exness is not locally regulated, traders rely on international protection and dispute resolution.
3. Forex risks – High leverage and volatile markets mean Nigerian traders must manage risk carefully.
These issues are not unique to Exness but apply to nearly all global forex brokers operating in Nigeria.
Exness and Nigerian Forex Regulations
The Central Bank of Nigeria has placed restrictions on forex trading at the retail level, mainly to control capital outflow and protect the Naira. However, these restrictions target local banks and FX dealers, not individual traders using international brokers.
As a result, Nigerians can legally use Exness for online trading. There is no law banning individuals from opening accounts with foreign brokers. The main responsibility falls on traders to understand the risks and choose reliable brokers like Exness.
Future of Exness in Nigeria
Looking ahead, there are strong signs that Exness will remain committed to the Nigerian market. The company has consistently adapted to regulatory changes and expanded its payment systems to match Nigerian needs.
Given the growth of forex education and trading communities in Lagos, Abuja, and other cities, it is likely that Exness will continue to support Nigerian traders with even better services.
Final Answer: Is Exness Still Working in Nigeria?
Yes, Exness is still working in Nigeria in 2025. Nigerian traders can register, trade, deposit, and withdraw money without major issues. While Exness is not regulated directly by Nigerian authorities, it operates under strong international licenses and remains a trusted broker.
For Nigerians, Exness continues to provide:
· Smooth local deposits and withdrawals.
· Strong trading platforms like MT4 and MT5.
· Tight spreads and flexible leverage.
· A reputation for reliability and transparency.
The bottom line is simple: if you are in Nigeria and want to trade forex, gold, or crypto, Exness remains one of the most reliable choices available today.
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