Are Binary Options Legal In Nigeria Trading Guide 2022
"Marketsworld is a great binary options platform!! I deposited $85 and up at $159. For the price manipulation, that is not true. They do not manipulate prices. It’s because you are not trading right. I have compared their market prices several times with other brokers and my meta trader terminal and the prices are more so the same. The live chat is the best I have gotten help from compared to other binary option platforms. The only problem i have with them is that they lack some vital assets like S&P 500, some currencies and indices"
Forex, or the foreign exchange market (also called FX or currency market) is a worldwide decentralized market for trading of currencies of different countries. Larger international banks of the G countries are the major participants of this market. Financial centers around the world trade the monies of the countries around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies.
No deposit Bonus: Get $10/£10/€10/C$10/A$10 no deposit welcome bonus when you open your first account with this broker. $50 Risk-Free Trade: You can win $50 Risk-Free trade as your first trade with Markets world and you have two chances to win this. $500 Refer a Friend: By referring a friend to Markets world, you can 100% cash match of their account for up to $500. Monthly Loyalty Reward: The broker also offers Monthly Loyalty Reward for its traders. 100% Deposit Bonus up to $1000: The broker is also offering 100% deposit bonus on your first deposit for up to $1000.
Before the review, I am giving you the most serious Marketsworld complaints I found all over the internet. I was searching for days to be sure that I can give an objective article of this binary options broker.
With the no-touch binary option trade, the binary options trader selects a strike price above or below the current market price as well as an expiration time. The broker will offer him a payout percentage corresponding to his selection.
Forex is just one of the four assets that can be traded by binary options traders; the other three being stocks, indices, and commodities. Because binary options allow a trader to take full advantage of the performance of the financial markets and to profit from it, and Forex is a popular trading asset, most new traders go for Forex in trading. Whether the trend is bullish, bearish, or any other trend type, as long the right strategies are implemented, maximum profit can be achieved for successful trades.
Payout will vary greatly depending how far away is the strike price and the time till expiration. The further away the strike price, the lower the payout as there is less chance to touch the target. The longer the expiration time, the higher the payout as one has more time and hence more chance to touch the target.
Marketsworld is the only non-US based regulated broker that accepts US customers (it does not anymore) . This means a lot for its reliability. Also, many traders claim that it is the best binary options broker that accepts US traders.
Trading is a complex domain, and it takes years and years of practice to understand the market. Still, the trading market is highly subjective and is subjected to various risks, but you can certainly minimize them by taking calculated risks and finding a balance.
For a transparent and straightforward trading experience, the brokers are encouraged to go through education centers for Nigerian traders to gain all the possible knowledge. Moreover, it helps the Nigerian traders to clarify their doubts from someone qualified.
The businesses or brokers based outside Nigeria and are not licensed by The Nigerian Government are hard to map out by the Government Specialist. The binary traders from Nigeria should look out for the type of binary indicators the broker is offering. The Nigerian Government cannot recover your money if you lose it in the fraud inside or outside the country. Investing in binary options is subjected to a personal choice by the Nigerian Government. It is not illegal, but in scams, the government plays no role in it. Be very careful with the imposter websites, and it is really popular in the scam market. They can steal the name, logo and even hijack the actual website used by the company.
Financial contracts that give the buyer the right, but not the obligation, to purchase a given quantity of an underlying financial asset (securities, indices, currencies etc …) at a specific price called "strike" on a specific date or by that date.
Since we are interested in binary options trading here , we just need to know this definition of call options and put options, avoiding to go on in long and complicated explanations. Let’s now look at the call and put binary options.
Binary options is based on the simple idea that there is price fluctuation among financial assets. Based on your analysis of these price fluctuations, you can either estimated the price will rise or fall. If you think the price will rise, you should buy a CALL option. If you think the price will fall, you should buy a PUT option.
