6 minute read
Is Exness Still Working in Nigeria? (Updated Guide for Traders)
from EXNESS INDIA
Short answer: ✅ Yes, Exness is still working in Nigeria. Nigerian traders can open accounts, deposit and withdraw in Naira (NGN), and trade Forex and CFDs normally. However, Exness is not regulated by Nigerian authorities, so there are important legal and safety details to understand before using it.
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1. Exness in Nigeria – What’s the Current Situation?
As of 2025, Exness continues to operate in Nigeria and accepts Nigerian clients. Traders can easily sign up using their local phone numbers, fund accounts via local bank transfers, and even trade using Naira (NGN) as their base currency.
There is no official ban on Exness from Nigerian regulators, and many active traders still use the broker daily.
If you visit the official Exness website from Nigeria, it automatically redirects to the global domain (exness.com), and the signup process works perfectly. This means Exness is still open for business in the country.
However, accessibility ≠ local regulation. Exness operates in Nigeria through its international entities, not under a Nigerian licence.
2. Exness Legal and Regulatory Status in Nigeria
a. No Local Regulation
Exness does not hold a licence from the Central Bank of Nigeria (CBN) or the Securities and Exchange Commission (SEC Nigeria).Instead, it operates under offshore entities such as:
Exness SC Ltd – regulated by the Financial Services Authority (FSA) in Seychelles (Licence No. SD025).
Exness VG Ltd – regulated by the Financial Services Commission (FSC) in the British Virgin Islands.
Exness B.V. – regulated by the Central Bank of Curaçao and Sint Maarten (CBCS).
These licences allow Exness to serve international clients, including those in Nigeria, but they are not Nigerian licences.
b. The Nigerian Forex Regulatory Environment
Nigeria doesn’t currently have a detailed regulatory framework for retail forex brokers.
The CBN focuses on banks and currency exchange control, while the SEC mainly oversees capital markets and investment firms — not offshore forex platforms.
As a result, Nigerians can legally trade with offshore brokers like Exness.
However, since the broker isn’t supervised by local authorities, your protection depends on the offshore regulator, not Nigerian law.
c. What This Means for Nigerian Traders
Here’s the practical truth:
You can legally use Exness from Nigeria.
But you are not protected by Nigerian investor compensation schemes.
In case of disputes, your complaint must go through Seychelles FSA or the Exness support channels, not the Nigerian SEC.
Therefore, you should trade responsibly, verify withdrawal channels, and never deposit more than you can afford to risk.
3. Funding and Withdrawals for Nigerian Traders
One of Exness’s strongest points in Nigeria is its payment convenience.
a. Supported Local Methods
Exness allows Nigerian users to deposit and withdraw using:
Local bank transfers (GTBank, Zenith, Access Bank, UBA, etc.)
Cryptocurrency wallets (USDT, BTC, ETH)
E-wallets (Skrill, Neteller, Perfect Money)
These local channels make it easier for Nigerian traders to move funds without heavy conversion fees or long wait times.
b. Naira (NGN) Support
You can choose NGN as your account currency, meaning you won’t lose money through exchange rate conversions when depositing or withdrawing.
This feature is one of the main reasons why Exness remains a popular broker in Nigeria — it’s localized and practical.
c. Withdrawal Performance
Most traders report fast withdrawals. Exness processes withdrawals instantly or within a few hours for local bank transfers.Many Nigerian users have confirmed successful cashouts directly to their banks.
Example review (Reddit, 2025):“Yes, you absolutely can withdraw to your Nigerian bank account. That’s one of the best things about Exness for us.”
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4. Exness Trading Conditions for Nigerian Users
a. Account Types
Exness offers several account options accessible from Nigeria:
Standard Account – no minimum deposit, good for beginners.
Pro Account – tighter spreads and faster execution.
Raw Spread & Zero Accounts – for experienced traders who need lower costs.
All accounts are available on MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
b. Leverage
Nigerian traders can enjoy unlimited leverage (depending on their account type and experience).However, using high leverage is risky — it can magnify profits but also amplify losses.
c. Spreads and Fees
Exness is known for tight spreads, especially on major currency pairs like EUR/USD and GBP/USD.There are no hidden charges for deposits or withdrawals on most payment methods.
d. Customer Support
Exness provides 24/7 multilingual support, and English-speaking agents are readily available for Nigerian traders.Support can be reached through live chat, email, or the Exness Help Center.
5. Safety and Reputation: Is Exness Trustworthy for Nigerians?
a. Global Reputation
Exness is a well-known broker with over 500,000 active traders worldwide and billions of dollars in monthly trading volume.It’s considered reliable globally, with strong transparency and regular audits.
b. Independent Reviews
Many Nigerian traders rate Exness as one of the most trusted brokers for its instant withdrawals, stable platforms, and low fees.Still, because it’s not locally regulated, you should treat it as an offshore service, not a domestic one.
c. How to Stay Safe
Always use two-factor authentication (2FA) on your account.
Enable withdrawal confirmations via email/SMS.
Don’t share your login credentials.
Keep your funds in verified payment channels.
6. Common Questions About Exness in Nigeria
Q1: Is Exness banned in Nigeria?
No. There is no government ban on Exness. Nigerians are free to use it.
Q2: Can I deposit in Naira (NGN)?
Yes. Exness supports NGN deposits and withdrawals via local banks.
Q3: Does Exness have an office in Nigeria?
No official office yet. The broker serves Nigerians through its online platform.
Q4: Is Exness safe for Nigerian traders?
Yes, but it’s regulated offshore, not by Nigerian authorities. Always use trusted payment methods and secure your account.
Q5: Can I trade crypto or CFDs on Exness from Nigeria?
Yes. You can trade forex, cryptocurrencies, commodities, indices, and more.
7. Pros and Cons of Using Exness in Nigeria
Pros:
Works perfectly in Nigeria
NGN deposit and withdrawal options
Tight spreads and fast execution
Instant withdrawals
User-friendly for beginners and pros
Cons:
Not licensed by Nigerian regulators
Offshore dispute resolution
Currency exchange risks for non-NGN accounts
8. The Bottom Line: Is Exness Still Working in Nigeria?
✅ Yes — Exness is still working in Nigeria in 2025.
You can open an account, deposit Naira, trade on MT4 or MT5, and withdraw your profits locally. The platform is fully functional and continues to serve Nigerian traders actively.
However, since Exness operates under offshore regulation, it’s important to trade wisely and stay aware of the risks of using a non-local broker.
If you prefer convenience, transparency, and easy transactions, Exness remains one of the most accessible and efficient brokers for Nigerians today.
But if you want a broker licensed by Nigerian authorities, you may need to wait — as Nigeria still lacks a robust local framework for forex regulation.
✅ Trade with Exness now: Open An Account or Visit Brokers 👈
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