Tuesday, September 11, 2007

And they




Isn't it saddening tha FXsol, FXClub, InterbankFX and other couple of brokers banned Nigerians from signing up for a forex account. I was quite surprised when someone sent me an email to the effect. Even tho its been a bit of time ago that this happened, i have not had time to blog about it. While the action of wonderbanks have caused this sanctions, i believe that we all should'nt panic as it is practically impossible for a particular body to ban Nigerians from trading forex on the FX market, even though individual broker can.There are more than one thousand brokers(both regulated and unregulated) that one can suscribe to, and that ease off the tension. For those who are still afraid, i guess visiting the NFA website for a list of regulated brokers should do the job. Also, emailing the broker prior to registration about their registration process and the confirmation of them allowing Nigerians on their trading platform should also be done before attempting to signing up.

For now, i am sure that Northfinance, crownFX, FXDD, Marketiva, Finex still all allow Nigerians. Visit the broker's website, and take action based on the information you get.