Economy
Best Copy Trade Broker in Nigeria 2022: A New Investment Option
If you reside in Nigeria and consider investing in a dynamic platform but you have no idea how to get started, we have an attractive solution for you.
Digital investment platforms have become extremely popular and accessible nowadays. Investors from Nigeria can effortlessly access foreign exchange trading using a system called “Forex copy trading” or “Social trading.” By using this automated copy trading system, you can generate significant earnings.
Copy trading basically involves copying the trading strategies of professional traders. Also, this platform allows new investors to copy multiple successful traders, which allows you to diversify your portfolio and reduce investment risks.
Judging how popular copy trading has become, it’s definitely here to stay. According to a recent survey, the copy trading market is likely to expand to €70 billion by 2025 (at an annual growth rate of 48%).
To start copying trades, choose a reliable and proven platform and a transparent trading system to copy investment strategies. You can copy trading strategies with one click after checking out successful traders, their performance and trading history.
More Info About Copy Trading
As we’ve mentioned earlier, copy trading or social trading platforms enable investors to copy professional traders who have raked substantial earnings by implementing their trading strategies. Copy trading is an automated system, so copy trading is also called auto trading.
Copy Trading Forex System
You can invest through copy trading across all the major markets, such as FX, stocks, indices, and commodity markets. More than 85% of FX transactions include GBP/USD, EUR/USD, USD/CAD, USD/JPY, USD/CHF, AUD/USD, and NZD/USD.
Copy trading is one of the simplest ways to tap into the knowledge and expertise of seasoned traders and make a good income.
How Copy Trading Works in forex?
There are two ways of using the copy trading system.
- Copy trading strategies of successful traders and turn a profit
This option will be suitable for those investors who want to invest in a trading strategy and following successful traders.
Select the strategies to invest in.
Start copying these strategies to your investment account.
Get the same percentage of profit as the trader without having any expert knowledge in trading.
Benefits:
Easy to get started: The copy trading system is extremely user-friendly. You don’t need to be a professional trader and have deep knowledge of trading to start investing in the financial markets. You only need to copy the strategies of experienced traders.
Flexibility: All the trading strategies are available in RAMM (Risk Allocation Management Model) – the web-based platform for copy trading, or in the mobile app on iOS and Android devices.
Simplicity: Simply pick a desired strategy from the Strategy rating based on the strategy data such as profitability, age, commission%, number of followers, etc.
Full control of your funds: You do not need to transfer your money to some separate manager account. The funds are kept in your account. You can close your investment at any time.
Profit multiplication: A leading copy trading platform allows you to set a multiplier (factor parameter), which enables you to multiply your earnings up to 10 times or minimize your losses.
Transparency: You only pay commission to a trader if you make a profit by copying their strategy.
- Create trading strategies and make a profit when others copy them
This option is suitable for expert traders who can create strategies and earn from investors who pay fees for copying the strategy to their investment accounts.
Create trading strategies in a copy trading platform.
Earn from the investors’ profit when they copy your strategy.
You can earn up to 50 per cent of investors’ profit.
Advantages:
Attract investors hassle-free: The minimum initial deposit to open a copy trading account is $100. Such a low entry deposit attracts many investors.
Auto trading system: There is no need to add new investments in your strategy manually. The system is fully automated. It’ll do it for you.
Weekly payout: The auto trading system checks and calculates investment results weekly and transfers your earnings as a trader’s fee to your account.
You can decide the percentage of profit yourself: When creating a strategy, you can decide which percentage of investors’ profit you would like to receive as a commission.
Conclusion
It’s important to note that copy trading should not be seen as a way to make quick cash. Regardless of which trading platform you use, there is no such thing as a risk-free investment.
Although successful traders will serve as guides, investors should always try to improve their ability to evaluate risk, diversify to reduce losses to receive higher returns. Check out the AMarkets RAMM Copy Trading service in Nigeria. It has a user-friendly interface, easy to register, and provides excellent profit-making opportunities.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange opened the week with a 0.52 per cent rise on Monday, July 20, driven by renewed buying interest.
The volume of securities traded during the opening session surged by 6,663.3 per cent to 52.6 million units from the previous 777,002 units, and the value of securities rose by 200.9 per cent to N191.2 million from the preceding session’s N104.2 million, while the number of deals depreciated by 15.2 per cent to 28 deals compared to the preceding session’s 33 deals.
Great Nigeria Insurance (GNI) Plc remained the most active stock by value on a year-to-date basis, with 3.4 billion units sold for N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units valued at N6.5 billion in trades, and Central Securities Clearing System (CSCS) Plc with 75.4 million units exchanged for N5.3 billion.
GNI Plc also closed the day as the most traded stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infracredit Plc with 2.3 billion units transacted for N6.5 billion, and Resourcery Plc with 1.1 billion units traded for N415.7 million.
Yesterday, there were two price gainers and three price losers, led by FrieslandCampina Wamco Nigeria Plc, which slid by 66 Kobo to end at N141.15 per unit versus last Friday’s N141.81 per unit, Food Concepts Plc lost 24 Kobo to close at N2.31 per share versus N2.55 per share, and Geo-Fluids Plc declined by 17 Kobo to settle at N2.25 per unit compared with the previous closing price of N2.42 per unit.
Conversely, CSCS Plc chalked up N5.19 to close at N99.33 per share versus N94.14 per share, and Mass Telecoms Plc appreciated by 3 Kobo to sell at 35 Kobo per unit from 32 Kobo per unit.
As a result, the market capitalisation increased by N13.57 billion to N2.606 trillion from N2.593 trillion, and the NASD Security Index (NSI) gained 22.6 points to quote at 4,343.27 points, in contrast to the previous 4,320.67 points.
By Adedapo Adesanya
The Naira almost traded flat against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Monday, July 20. It gained 7 Kobo during the session to sell at N1,380.11/$1, in contrast to last Friday’s value of N1,380.18/$1.
It also appreciated against the Euro in the same market window during the session by N1.64 to close at N1,575.95/€1 versus the preceding session’s N1,576.99/€1, but depreciated against the Pound Sterling by N2.93 to trade at N1,857.35/£1 compared with the previous trading day’s N1,854.42/£1.
At the GTBank forex desk, the Nigerian Naira lost N1 against the US Dollar to quote at N1,389/$1 versus N1,388/$1, and at the black market, it traded flat at N1,405/$1.
Data from the Central Bank of Nigeria (CBN) showed that interbank FX turnover settled at $266.2 million, 7.5 per cent lower than the previous close of $287.8 million. Also, the number of deals at the interbank FX market declined to 68 from 106.
Despite this, there are signals that the Naira has pillars that can prop up its stability. Updated data from the apex bank showed Nigeria’s gross foreign exchange reserves increased to $51.92 billion as of July 16, 2026, reflecting continued improvements in the country’s external position.
A slew of analysts predict further increases will lift the gross balance above $52 billion this week, the highest seen since 2009.
Also, there are expectations that the country will be able to boost remittances into the country to $1 billion on a monthly basis by the end of the year; this will help ease pressure on the FX markets.
Meanwhile, in the crypto market, Bitcoin (BTC) climbed to about $65,500, reaching a two-week high, as the semiconductor selloff that dragged crypto lower last week reversed and Asian chip stocks led a broad risk rally. It rose by 2.4 per cent to $65,676.01.
There was also support from five straight days of inflows into US spot Bitcoin ETFs totalling more than $600 million, marking the strongest stretch of institutional buying since mid-July.
Cardano (ADA) jumped by 8.3 per cent to $0.1756, Ethereum (ETH) grew by 4.0 per cent to $1,930.33, Ripple (XRP) improved by 3.9 per cent to $1.13, Solana (SOL) appreciated by 3.2 per cent to $78.34, Binance Coin (BNB) added 1.9 per cent to sell for $575.34, and Dogecoin (DOGE) expanded by 1.7 per cent rise to $0.0729.
However, TRON (TRX) declined by 0.1 per cent to $0.3261, and the US Dollar Tether (USDT) and the US Dollar Coin (USDC) traded flat at $1.00 each
By Dipo Olowookere
Sustained bargain-hunting in local stocks further lifted the Nigerian Exchange (NGX) Limited by 1.12 per cent on Monday.
The buying pressure was across the major sectors of Customs Street, though the consumer goods space came under profit-taking, closing flat.
But the banking counter expanded by 3.14 per cent, the industrial goods index gained 2.82 per cent, the insurance sector increased by 0.25 per cent, and the energy segment soared by 0.08 per cent.
Consequently, the All-Share Index (ASI) surged by 2,721.83 points to 246,183.96 points from 243,462.13 points, and the market capitalisation went up by N1.755 trillion to N158.812 trillion from N157.057 trillion.
Custodian Investment and NEM Insurance chalked up 10.00 per cent each to sell for N75.90 and N30.80, respectively, BUA Cement rose by 9.98 per cent to N303.10, First Holdco improved by 9.95 per cent to N105.50, and FTN Cocoa advanced by 9.94 per cent to N9.29.
On the flip side, SUNU Assurances shrank by 10.00 per cent to N3.60, Tripple Gee slipped by 9.77 per cent to N3.51, ABC Transport tumbled by 9.62 per cent to N7.05 per cent, Abbey Bank crashed by 9.00 per cent to N9.10, and Coronation Insurance dipped by 7.69 per cent to N2.40.
The market breadth index was flat yesterday, as there were 31 price gainers and 31 price losers.
First Holdco led the activity chart during the session, with a turnover of 203.9 million shares valued at N21.5 billion. Access Holdings sold 190.7 million equities worth N4.8 billion, UBA traded 29.2 million stocks for N1.4 billion, Zenith Bank transacted 24.7 million shares valued at N2.9 billion, and Sterling Holdings exchanged 23.6 million equities worth N187.4 million.
When trading activities ended at 4 pm, investors traded 851.6 million stocks for N49.6 billion in 56,873 deals compared with the 685.9 million stocks valued at N42.7 billion transacted in 44,134 deals last Friday, representing a rise in the trading volume, value, and number of deals by 24.16 per cent, 16.16 per cent, and 28.86 per cent, respectively.
