Economy
Forex No Deposit Bonus in Nigeria | How To Choose It & Where To Get It

Engaging in Forex trading with little or no upfront financial commitment is a desirable opportunity for many traders. This intriguing possibility is realized with Nigeria’s no-deposit bonus. Understanding this financial incentive can elevate your trading strategies and significantly impact your profit margins.
Traders Union explained the no deposit bonus in Nigeria and provided a comprehensive guide for seasoned traders and novices to decipher this financial lure and make informed decisions.
What is a Forex Bonus?
According to TU experts, a Forex bonus is free funds a broker gives to a trader under certain conditions. Often, registration and personal data confirmation suffice to qualify for these bonuses. A no-deposit bonus in Nigeria is among the enticing incentives brokers use to attract clients, adding substantial values up to 120% of the deposited amount to the trader’s account. While this system increases the brokers’ clientele and income, traders with limited budgets can afford higher bets, enhancing their profit margins.
Advantages and disadvantages of Forex no deposit bonus
As per TU experts, the no deposit bonus Forex has distinct pros and cons that traders must carefully weigh.
Advantages:
- It allows traders to earn in the foreign exchange market without depositing personal funds.
- Novice traders can gain basic trading skills without risking their budget.
- Free funds are helpful in studying the Forex market and the broker’s trading platform.
- Competent and patient traders can earn substantial capital without personal investments.
Disadvantages:
- In most cases, the no-deposit Forex bonus cannot be withdrawn in Nigeria.
- Withdrawal is typically allowed after large trading volumes, which is hard for beginners.
- For infrequent traders, this bonus does not provide significant advantages.
- The broker can withdraw the bonus at any time without warning.
Can I withdraw my Forex bonus in Nigeria?
TU experts elaborate that withdrawal conditions for Forex bonuses in Nigeria vary based on the broker’s policies. For instance, RoboForex’s Forex welcome bonus cannot be withdrawn but can be used in trading. The profit earned using this bonus is withdrawable. Similar terms apply for other bonuses RoboForex offers, including their 120% deposit bonus and 60% deposit bonus.
How to choose a Forex bonus in Nigeria?
Choosing a Forex bonus in Nigeria can be tricky and requires a careful analysis of multiple factors, as the TU experts suggest. These include understanding the preconditions for bonus receipt, the compatibility of different bonus types, a thorough study of the bonus terms and conditions, considering regional restrictions, and analyzing various companies offering brokerage services in Nigeria.
How to choose the most profitable Forex bonus?
Choosing the most profitable Forex bonus involves analyzing the terms and conditions carefully. A Forex welcome bonus in Nigeria, despite requiring a deposit, can be more beneficial than a no-deposit bonus. The Traders Union rating can be a valuable tool for this comparison.
Best Forex bonuses in Nigeria
According to TU experts, some of the best Forex bonuses in Nigeria are offered by:
- RoboForex: This broker is regulated and offers a welcome bonus of $30, with an initial deposit of $10 required.
- TeleTrade: A regulated broker, TeleTrade offers a generous welcome bonus of $1000, requiring a matching deposit.
- InstaForex: InstaForex, another regulated broker, provides a no-deposit bonus of $2000.
- XM: XM offers a no-deposit bonus of $30 and follows regulations strictly.
- Tickmill: Tickmill, a regulated broker, provides a no-deposit bonus of $30.
In addition, Traders Union has also published the Mindful Trader reviews. Mindful Traders has several advantages and disadvantages which affect traders’ trading. To read an insightful and comprehensive Mindful Trader review, visit the official website of Traders Union.
Conclusion
Understanding and choosing the right Forex bonus in Nigeria can be a game-changer for traders. Traders can maximize their profits by carefully evaluating the pros and cons, reading the terms and conditions, and leveraging platforms like Traders Union. To learn more about the best Forex bonuses and to keep yourself updated with market trends, visit Traders Union’s official website. Your trading journey awaits you with exciting possibilities.
Economy
NNPC Denies Selling Substandard Petrol at Retail Stations

By Aduragbemi Omiyale
The Nigerian National Petroleum Company (NNPC) Limited has refuted claims that it sells substandard premium motor spirit (PMS), otherwise known as petrol, at its retail stations, especially in Lagos.
The state-owned oil company was reacting to a viral video, which said petrol bought at NNPC retail stations burns faster.
Reacting to this in a statement on Saturday, the Chief Corporate Communications Officer of the NNPC, Mr Olufemi Soneye, said the said fuel being talked about in the video may have been the product bought from a rival refinery in the country, Dangote Petroleum Refinery.
“It is important to emphasize that a significant percentage of Premium Motor Spirit (PMS) sold at NNPC retail stations in Lagos—where this deceptive video was created—is sourced from the Dangote Refinery, a strategic partner in promoting local production and energy security. Dangote Refinery adheres to strict industry standards, guaranteeing the quality of petroleum products supplied to our consumers,” a part of the statement said.
It, therefore, described the allegations in the viral video as “false and misleading,” adding that it is also “baseless and entirely unfounded” as it originated “from unverified and amateur research that lacks credibility, accuracy, and professional oversight.”
“NNPC reaffirms that its fuel is carefully formulated with one of the best compositions, ensuring optimal efficiency, durability, and environmental sustainability for consumers,” the company stated.
However, it warned that, “Henceforth, NNPC will take firm legal action against individuals or groups who intentionally spread falsehoods about our brand and operations. Those engaged in such malicious activities will be held fully accountable under the law.”
It lamented that the video was done by “economic saboteurs to misinform the public and tarnish NNPC’s reputation,” warning that it “will not tolerate deliberate misinformation designed to undermine our operations and mislead Nigerians.”
NNPC urged “the public to disregard such fabricated content and rely on verified sources for accurate information,” noting that it “remains steadfast in its mission to ensure fuel availability, affordability, and quality for all Nigerians while maintaining global industry standards.”
Economy
Four Stocks Show Investors Love at NASD Valentine’s Day Trading

By Adedapo Adesanya
Four price gainers lifted the NASD Over-the-Counter (OTC) Securities Exchange by 0.54 per cent on Friday, February 14.
Okitipupa Plc improved its share price by N11.29 to close at N124.18 per unit versus N112.89 per unit, Mixta Real Estate Plc appreciated by 34 Kobo to finish at N3.76 per share versus the preceding day’s N3.42 per share, Afriland Properties Plc went up by 62 Kobo to settle at N21.03 per unit compared with N20.41 per unit, and FrieslandCampina Wamco Nigeria Plc jumped by 5 Kobo to trade at N39.95 per share, in contrast to the preceding day’s N39.90 per share.
At the close of business, the market capitalization rose by N9.91 billion to N1.828 trillion from N1.818 trillion and the NASD Unlisted Security Index (NSI) increased by 17.49 points to 3,227.53 points from the 3,210.04 points recorded on Thursday.
During yesterday’s session, the volume of securities transacted by investors jumped by 1,001.3 per cent to 5.1 million units from the 465,820 units transacted in the previous trading day.
Also, the value of transactions surged by 1,025.4 per cent to N108.5 million from N9.6 million, while the number of deals went south by 10 per cent to nine deals from 10 deals recorded on Thursday.
Impresit Bakolori Plc finished the day as the most active stock by value (year-to-date) with 519.5 million units worth N504.3 million, trailed by FrieslandCampina Wamco Nigeria Plc with 7.4 million units valued at N293.2 million, and Geo-Fluids Plc with 9.3 million units sold for N44.8 million.
Similarly, Impresit Bakolori Plc ended the session as the most active stock by volume (year-to-date) with 519.5 million units worth N504.3 million, followed by Industrial and General Insurance (IGI) Plc with 69.6 million units sold for N23.6 million, and Geo-Fluids Plc with 10.7 million units valued at N51.2 million.
Economy
Naira Stable at Official Market, NAFEM, Appreciates at Black Market

By Adedapo Adesanya
The Naira was relatively stable against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, February 14, though it shed 10 Kobo or 0.01 per cent to sell at at N1,510.10/$1 compared with the previous day’s value of N1,510.00/$1.
However, it depreciated against the Pound Sterling in the official market during the trading day by N7.32 to quote at N1,879.42/£1 versus the N1,872.42/£1 it was sold at the previous session and lost N6.27 against the Euro to settle at N1,566.23/€1, in contrast to Thursday’s closing rate of N1,559.96/€1.
At the parallel market, the Nigerian Naira improved its value against the US Dollar yesterday by N5 to finish at N1565/$1 compared with the preceding session’s value of N1,570/$1.
As for the cryptocurrency market, it was positive on Friday after investors overlooked recent data that frustrated the landscape.
This week, the US data released showed increment in the Consumer Price Index (CPI). This shows the US Federal Reserve will likely wait till June before making changes to the current interest rate levels.
Over the last two weeks, the US Securities and Exchange Commission (SEC) has also acknowledged applications for Litecoin and Solana exchange traded funds (ETFs) — indicating that the SEC’s leadership under the Donald Trump administration has changed its tact to crypto-related listings.
Ethereum (ETH) expanded its value by 5.4 per cent to sell at $3,394.79, Solana (SOL) recorded a 4.4 per cent appreciation to end at $260.86, Cardano (ADA) jumped by 2.9 per cent to trade at $1.00, and Litecoin (LTC) saw a 2.6 per cent surge to quote at $116.78.
In addition, Bitcoin (BTC) appreciated by 2.1 per cent to settle at $1o4,978.31, Ripple (XRP) rose 0.7 per cent to $3.16, Dogecoin (DOGE) increased by 0.6 per cent to finish at $0.3572, and Binance Coin (BNB) gained 1.6 per cent to sell for $710.31, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) remained unchanged at $1.00 each.
-
Feature/OPED5 years ago
Davos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz2 years ago
Estranged Lover Releases Videos of Empress Njamah Bathing
-
Banking7 years ago
Sort Codes of GTBank Branches in Nigeria
-
Economy2 years ago
Subsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking2 years ago
First Bank Announces Planned Downtime
-
Sports2 years ago
Highest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
-
Technology4 years ago
How To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN