Another factor contributing to the popularity of CFDs in Nigeria is the cost advantage compared to traditional trading methods.
CFD trading: Is it really a growing opportunity for investors?, By Femi AdeagboHow Ukraine’s Superhuman Centre is helping war heroes walk againINVESTIGATION: How displaced Nigerian villagers are massacred in search for foodYahaya Bello and EFCC’s circus show, By Zainab Suleiman OkinoThe rise of mobile trading applications has made CFD trading even more accessible to a broader audience of investors, including those in Nigeria.
Since there’s no need to physically own the underlying asset in CFD trading, traders can avoid many expenses such as broker fees and stamp duties. This affordability makes it easier to open and close positions without incurring high costs. Moreover, several brokers like HFM offer tight spreads, further reducing trading expenses for traders seeking to maximise their profits and minimise costs.Support journalism driven by facts, created by Nigerians for Nigerians.
In addition to offering a secure platform, HFM provides access to a wide range of over 1,200 financial instruments, including forex pairs, commodities like gold and oil, indices such as the S&P 500 and Nasdaq, and even cryptocurrencies like Bitcoin and Ethereum. This variety allows Nigerian traders to explore diverse markets and grow their investment portfolios while tailoring their strategies to their risk tolerance and financial goals.
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