THERE is a myth among nonprofessional traders that Forex trading is banned in Nigeria, but this is not true. Forex is not prohibited in the country, but the actions of brokers are very tightly monitored.
There are several laws aimed to improve financial stability and protect consumers and investors from illegal activities by financial traders. If traders break these laws a heavy fine may apply.
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There is quite a lot going on in the buzzing forex world and many Nigerians seem to be left behind. Enter Forex Matters, a television program that brings you closer to the forex community.
See promo video below:
