Exness Nigeria Review

Why 500,000+ Nigerian Traders Choose Exness

Exness attracts over 500,000 Nigerian traders with its low minimum deposit of ₦5,000 and high leverage up to 1:2000. Its regulated status and fast withdrawals build trust among users.

Regulated & Trusted in Nigeria

Exness operates under strict oversight from global regulators like the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC), ensuring safety for Nigerian traders. While not directly regulated by Nigeria’s SEC, its international licenses guarantee secure fund handling and transparent practices. Client funds are kept in segregated accounts, separate from the broker’s operational funds, adding an extra layer of protection. To ensure safety, always verify your account and check Exness’s regulatory details on their website before trading.

Fast Bank Transfers & Card Deposits/Withdrawals

Exness supports quick and convenient payment methods for Nigerians, including bank transfers, debit/credit cards, and local options like Paystack. Deposits are typically instant, while withdrawals take a few hours, depending on the method. This speed helps traders manage funds efficiently without delays. For the best experience, use a verified payment method linked to your Exness account to avoid processing issues.

Exness Trading Platforms

Exness offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary Exness Terminal for trading. These platforms provide real-time charts, multiple indicators, and automated trading options. Below is a comparison of their features:

To maximize these platforms, download the mobile app for trading anywhere or use the web terminal for quick access without installation.

Start Trading with Minimal Investment

Exness allows Nigerian traders to start with just ₦5,000, making forex accessible to all. 

1. Sign up on the Exness website.
2. Verify your identity with a valid ID and proof of address.
3. Deposit funds using bank transfer or card.
4. Choose a trading platform and start trading.

This low entry point suits beginners testing strategies or experienced traders managing risk. Use a demo account first to practice without risking real money. Always set a budget to trade responsibly.

Account Types for Nigerian Traders

Exness offers account types tailored for Nigerian traders, including Standard, Standard Cent, Pro, Raw Spread, and Zero accounts. Each caters to different experience levels, with varying spreads and fees. 

Choose an account based on your trading goals and budget. Test strategies on a demo account to find the best fit.

₦5,000 Minimum Deposit

Exness’s ₦5,000 minimum deposit makes trading accessible for Nigerians. Follow these steps to fund your account:

1. Log in to your Exness dashboard.
2. Select “Deposit” and choose bank transfer or card.
3. Enter ₦5,000 or more and confirm the transaction.
4. Wait for instant processing (bank transfers may take longer).

This low deposit suits beginners or those with limited funds. Use local payment methods like Paystack for faster transactions. Always ensure your account is verified to avoid delays. Monitor your funds to plan trades effectively.

Unlimited Leverage Trading Options

Exness offers leverage up to 1:2000, allowing Nigerian traders to control larger positions with small capital. This high leverage can boost potential profits but increases risk, so use it wisely.

How to Get 1:2000 Leverage in Nigeria

To access 1:2000 leverage, meet Exness’s trading volume requirements (e.g., 5 lots for Standard/Pro accounts). 

1. Open a Pro, Raw Spread, or Zero account.
2. Trade the required volume (check Exness’s website for details).
3. Apply for unlimited leverage in your dashboard.
4. Confirm eligibility with Exness support.

High leverage suits experienced traders but can lead to significant losses. Start with lower leverage (e.g., 1:100) to practice. Always use stop-loss orders to manage risk. Monitor market conditions to avoid margin calls.

24/7 Nigeria-Specific Customer Support

Exness provides round-the-clock support for Nigerian traders via live chat, email ([email protected]), and phone (+35725030959). While there’s no local phone line, the team responds quickly in English, Nigeria’s official language. They address account issues, trading queries, and payment concerns promptly. For faster help, use live chat or verify your account details before contacting support.

Quick Start: Sign Up in 3 Simple Steps

Begin trading with Exness in minutes by following three easy steps. 

1. Visit www.exness and click “Sign Up.”
2. Enter your email, phone number, and create a password.
3. Verify your identity and deposit funds to trade.

The process is quick and user-friendly, designed for Nigerian traders. Use a valid email to receive updates. A demo account helps you practice before trading live. Always read Exness’s terms to understand risks.

Create and Verify Your Account

Create an Exness account by registering with your email and phone number. Verify it with these steps:

1. Log in to your Exness dashboard.
2. Upload a valid ID (e.g., driver’s license or passport).
3. Submit proof of address (e.g., utility bill).
4. Wait for approval (usually within 24 hours).

Verification ensures secure trading and prevents delays in withdrawals. Keep your documents ready to speed up the process. Contact support if you face issues. Always use accurate details to avoid complications.

Frequently Asked Questions

Is Exness safe for Nigerian traders?

Yes, Exness is regulated by global authorities like FCA and CySEC, ensuring fund safety with segregated accounts.

What is the minimum deposit for Exness in Nigeria?

The minimum deposit is ₦5,000 for Standard and Standard Cent accounts.

Can I use Exness in Nigeria?

Yes, Exness is available to traders in Nigeria. Nigerian residents can open trading accounts, deposit funds, and trade a variety of financial instruments, including forex, cryptocurrencies, and more. However, it’s always advisable to ensure compliance with local laws and regulations before starting trading.

Which broker is best in Nigeria? 

The best broker for Nigerian traders depends on individual preferences and trading needs. Some popular brokers in Nigeria include Exness, IC Markets, and ForexTime (FXTM). Exness is highly regarded for its competitive spreads, strong customer support, and wide range of trading instruments.

In which countries is Exness banned?

Exness is not available in certain countries due to regulatory restrictions. Some of the countries where Exness is banned or restricted include the United States, Canada, and Japan. It’s important to check the official Exness website for the latest updates on regulatory restrictions in specific countries.

Which country is Exness from?

Exness is a global forex broker founded in 2008 and is based in Cyprus. The company operates internationally and is regulated in multiple jurisdictions to offer trading services worldwide.