How does forex work in Nigeria?
The central bank of Nigeria, the most populous African country, has introduced new security
measures aimed at improving the image of the country as a reliable and manageable economy,
The All Africa Agency reported that the Central Bank of Nigeria has introduced a new biometric
technology to retrofit complex technical systems that will bring the national banking and
financial system in line with international standards. A new approach will provide support for the
growing forex industry. Brokers working in duly regulated jurisdictions such as the UK will find
it easier to accept traders from Nigeria in their circles.
The RallyTrade Forex broker is managed by FRNG Nigeria, headquartered in Lagos, Nigeria,
and is an international brokerage company that provides trading services in emerging markets.
"RallyTrade offers a wide range of financial instruments, good trading conditions, an extensive
educational program, as well as trading platforms and trading accounts that take into account the
individual needs of its customers. Moreover, the company strives to offer its customers reliable
and safe trading services to form a full-fledged financial portfolio, "says FinCom's release.
The company became one of 20 in the list of brokers who used the services of the Financial
Commission, and now provides its clients with a transparent system of dispute resolution by a
neutral party. The RallyTrade broker entered category B, with an established compensation fund
of up to $ 5,000. It is worth noting that, in addition to brokers, the Commission has certified
some trading platforms. Thus, the number of its participants increased.