There are a plethora of benefits of investing in Binary Options, and as part of our ongoing series of guides we will present to you lots of questions and their respective answers that anyone in Nigeria may have in regards to starting to invest in these often very profitable financial instruments.
With the Naira having just been devalued it may be the case that you are looking for a brand new way of investing your funds in some new form of opportunities and that is exactly what you will find offered when you start to discover just how wide and varied the range of companies you will be able to place Binary Options trades on.
You will not be forced to just pick home grown Nigerian business and companies whose share prices you will be able to place Binary Options trades on, you will find that becoming a trader in Nigeria will mean you have instantly available trades and markets on companies from every other country in the world at your disposal and will be able to use your skill and knowledge to try and make as much money as you can when the share price moves on any such company.
- How do I benefit from Binary Options Broker bonuses?
You will get an large sign up bonus when you join up to any of our listed Binary Options Brokers, and the main benefits of claiming those bonuses when you make your initial deposit into those sites is you will have more available resources via the bonus funds to try and make multiple winning trades.
- Which Binary Options Brokers do you recommend?
We only recommend those Binary Options Brokers listed upon this website for each of them are fully licensed and regulated and therefore adhere to a very high set of standards and a very strict code of conduct.
- What trades should I place?
It is up to you and you alone just what types of Binary Options trades you should place online or via your mobile trading account, but many professional traders will always pre plan their daily trading schedule but will be prepared to change it instantly should any breaking news stories be likely to affect either positively or negatively the value of any company’s share price.
- How quickly do Binary Options Brokers pay?
You will find that the very fastest paying Binary Options Brokers are those that we have handpicked to present to you on this website, for we have tested them all out ourselves to ensure they pay their winning traders as quickly as is possible. But do be aware one aspect that may have an effect on just how long it will take you to get paid your cash outs is the method you choose to get paid your withdrawals by. Usually it will take no longer than a day or so for you to receive your entire withdrawal.
- Is there a limit on how many trades I can place?
You will not be limited in regards to how many open trade you can have at any given moment in time, as long as you have available funds in your Binary Options trading site account then you can use those funds to place as many individual trades as you so desire.
- What types of trading platforms are there?
You can place trades on either an online or a mobile trading platform, and you will also find when placing Binary Options trades online you will have access to more than one single type of trading platform, as there are very basic trading platforms on offer which are ideal for novice or first time traders as well as there being lots of more advanced trading platforms on offer.
- Can I trade on any company?
As long as a company is listed on any worldwide stock exchanges then you are going to be able to place a Binary Options trade on that company. But make sure that you make use of the trading platforms offered at each of our listed Binary Options Brokers sites for they have the most available types of trading opportunities and will never give you only a small number of companies that you can place Binary Options trades on.
- When is the best time to place Binary Options trades?
There is no good or bad time to place your Binary Options trades, there is always going to be a stock exchange open somewhere in the world at any time of the night or day you are going to find plenty of available trading opportunities on offer, and the price of any company’s share price can and will move in value at any time of the night or day!
- How many Binary Options trade types are there?
The most basic type of Binary Options trades you can place are those which simply require you to predict whether the share price in any given company will rise or fall in value over a set given period of time. However, you are going to find lots of more exotic types of Binary Options trading options are available at each of our showcased trading sites, but we would always advise first time traders to start of using the more basic Binary Options to allow them to get used to trading and then take a look at all of the other ones on offer.
How old do I have to be to trade online?
You have to be over the age of 18 to be able to open up a trading account at any online or mobile Binary Options trading site, be aware that each one you will find listed throughout our website will have checks and procedures in place and they may require you to send them proof of you age and will also require you to send in some form of identification documents to prove that you are over the age of 18 before the will allow you to trade or when you have requested a withdrawal from their broking sites.