Account Types Available with Exness Trading Platform in Nigeria

Understanding Exness Account Categories

Our company provides three main account types tailored to the Nigerian market. Each account offers specific features such as execution style, spreads, and commission structures. The Standard account is ideal for beginners with low entry requirements and no commissions. Raw Spread accounts feature ultra-low spreads but include a commission per trade. Pro accounts cater to advanced traders, combining low spreads and instant execution for precise trade entries.

Nigerian users can fund these accounts conveniently using local payment options such as mobile money and bank transfers. Selecting the right account depends on your trading volume, style, and preferred cost setup.

Standard Account Features and Setup Process

The Standard account offers floating spreads starting at 0.3 pips on major forex pairs without commission fees. It requires a minimum deposit of $1, approximately ₦1,500, payable through Nigerian mobile money providers. This account supports leverage up to 1:2000 for forex and 1:200 on indices. Traders gain access to over 120 instruments including currencies, commodities, and cryptocurrencies. Demo accounts are available for unlimited practice.

Opening Your Standard Account

To open a Standard account, visit our registration page and select “Standard Account.” Enter your full name, Nigerian email, and mobile phone number. Create a secure password with mixed characters. Upload a valid Nigerian ID and proof of address in the verification section. Complete these steps to activate your account.

Deposit Methods for Standard Accounts

• Mobile money transfers via MTN, Airtel, Glo, and 9mobile
• Bank transfers from Nigerian banks
• Visa and Mastercard debit cards
• Online payments through Paystack
• USSD codes for instant transfers

Raw Spread Account Specifications

Raw Spread accounts provide near-zero spreads starting at 0.0 pips, ideal for traders focused on cost efficiency. A fixed commission of $3.50 applies per standard lot traded. The minimum deposit is $200 (≈₦300,000), payable instantly using Nigerian payment gateways. This account suits scalpers and high-volume traders requiring minimal spread costs. Execution speed improves under volatile conditions with priority order processing.

Commission Structure Details

Commissions are charged on both opening and closing trades at $3.50 per lot, with proportional fees for smaller lot sizes. All fees are billed in USD and converted automatically to your account currency. Your trading platform clearly displays commission costs separate from spreads. Charges are deducted immediately upon trade execution for transparency.

Pro Account Advanced Features

Our Pro account offers instant order execution with spreads from 0.1 pips and no commissions. It is designed for experienced traders in Nigeria who require precise trade entries and exits. The $200 minimum deposit grants access to advanced execution technology and premium support. Pro accounts benefit from additional analytical tools and exclusive market reports. Leverage remains consistent with other account types.

Instant Execution Benefits

Instant execution ensures order fills at requested prices or immediate rejection if unavailable. Our system processes Pro account trades in milliseconds during regular market hours. It eliminates requotes and partial fills common in market execution. You receive immediate status updates on trade submissions via MetaTrader 4 or 5 platforms.

Account Verification Requirements in Nigeria

Verification is mandatory for all Nigerian traders before live trading. You must upload valid Nigerian identity documents such as NIN card, driver’s license, or international passport. Proof of address requires recent utility bills, bank statements, or tenancy contracts dated within three months. Documents must be clear, showing full names and addresses matching your trading account.

Document Upload Process

Log in to your Personal Area and navigate to the “Verification” section. Select the document category and upload clear images of your identification and address proof. Ensure all four corners of documents are visible. Verification is completed within 24 business hours, unlocking full account features.

Common Verification Issues

• Blurred or cropped images cause rejection and delays
• Name mismatches between documents and account details
• Expired or photocopied IDs are not accepted
• Handwritten or non-official address documents

Platform Access Across Account Types

All account types support MetaTrader 4, MetaTrader 5, and our proprietary Exness Terminal. These platforms are accessible via desktop (Windows, macOS), mobile (iOS, Android), and web browsers. Nigerian traders benefit from USSD codes for basic account functions and SMS alerts for trade confirmations. Automated trading using Expert Advisors and custom indicators is fully supported.

Mobile Trading Capabilities

Our mobile apps offer full control over charting, order placement, and account management. Deposits via local Nigerian payment methods can be made directly through the apps. Push notifications keep you informed about market movements and executed trades. Biometric login options such as fingerprint and facial recognition enhance security.

Funding Your Trading Account

We provide multiple deposit options tailored for Nigerian traders. Mobile money platforms including MTN, Airtel, Glo, and 9mobile enable instant funding. Nigerian bank transfers through First Bank, Zenith Bank, GTBank, and Access Bank are supported with same-day processing. Debit card payments accept Visa and Mastercard with immediate crediting. Most methods incur no fees, though external providers may apply charges.

Mobile Money Deposit Steps

Log in to your Personal Area and select “Deposit.” Choose “Mobile Money” and pick your Nigerian network. Input the deposit amount in Naira and confirm. A unique payment code is generated. Dial the provided USSD code and follow instructions to complete the transaction. Funds appear almost instantly.

Bank Transfer Instructions

Select “Bank Transfer” in deposit options and choose your Nigerian bank. Use the provided account number, bank name, and reference code for your transfer. Include the reference code in your bank’s transfer description to ensure automatic crediting. Processing times range from 2 to 4 hours during Nigerian banking hours.

Withdrawal Process and Timeframes

Withdrawals are processed within 24 hours for verified Nigerian accounts. Withdrawal options mirror deposit methods to ensure security. Mobile money withdrawals clear instantly within network hours (6 AM to 11 PM). Bank transfers take 1 to 3 business days depending on the receiving bank. The minimum withdrawal is $3 (around ₦4,500), with no maximum limits on verified accounts.

Withdrawal Security Measures

All withdrawals over $100 require two-factor authentication via SMS code. First withdrawals to new payment methods require email confirmation. Large withdrawals above $5,000 equivalent may require additional verification. These measures ensure secure fund transfers for Nigerian clients.