Start Trading in Nigeria with a Minimum Deposit of Just $1 on Exness

Why the Minimum Deposit Matters for Nigerian Traders

If you’re in Nigeria and thinking about stepping into trading, you might be wondering what kind of money you need to start. Honestly, we get it. Starting with a huge deposit can be intimidating. That’s why at Exness, we’ve set the minimum deposit to just $1 for most account types. This lets you test the waters without feeling like you’re risking too much upfront.

From our experience, this accessibility helps traders from all walks of life get involved. Whether you’re a student, a small business owner, or someone looking to earn extra income, that low barrier makes all the difference.

Keep in mind the minimum deposit does vary slightly depending on the account you pick, but you can absolutely get started with just one US dollar in most cases.

How to Pick the Right Account Based on Your Deposit

Choosing the right account can make your trading journey smoother. If you’re comfortable starting small, our Standard accounts are designed with you in mind. You get access to forex pairs, indices, commodities, and crypto, all while only needing to deposit $1.

Professional accounts require more upfront – around $200 – but they come with tighter spreads and lower commissions. So if you’re already familiar with trading and want to keep your costs down, that might be worth considering.

Standard Account Features

• Minimum deposit: $1
• Access to all major instruments
• No max deposit limit
• Beginner-friendly interface

Professional Account Highlights

• Minimum deposit: $200
• Tighter spreads and better execution
• Advanced trading tools included

Payment Methods That Work Well in Nigeria

We know that convenience matters, especially when it comes to funding your trading account. That’s why we support several payment options that you can use right here in Nigeria.

For example, e-wallets like Skrill and Neteller are very popular because they process your deposit instantly, and you can start trading almost immediately. Credit and debit cards are also widely accepted, with similarly fast processing times.

Popular Payment Methods and Their Minimum Deposits

• Skrill: $1 minimum, instant processing
• Neteller: $1 minimum, instant processing
• Credit/Debit Cards: $1 minimum, processed within minutes
• Bank Transfers: Minimum varies, 1-3 days processing
• Cryptocurrency: Minimum depends on fees, usually around $1 equivalent

It’s good to double-check with your bank or wallet provider about any fees on their side, but we don’t charge anything for deposits ourselves.

Step-by-Step: Making Your First Deposit

Getting started with your first deposit on Exness is straightforward. Here’s how you can do it:

1. Log in to your personal area on our platform. If you haven’t signed up yet, the registration process is quick and easy.
2. Click on the “Deposit” button – you’ll find it on your dashboard.
3. Choose your preferred payment method from the list available for Nigeria.
4. Enter the amount you want to deposit. Remember, the minimum deposit is usually just $1.
5. Fill in your payment details (card number, wallet ID, etc.) and select which trading account to fund if you have more than one.
6. Confirm the deposit and wait for the processing. Most electronic payments update within moments.

Within minutes, your funds should be ready to start trading. If you run into any issues, our support team is ready to help 24/7.

Understanding Deposit Limits and Verification

One thing users often ask is about deposit limits and the verification process here at Exness. For small deposits, like that $1 minimum, you don’t need to verify your account immediately. This lets you get started fast.

But if you want to deposit more or withdraw larger amounts, completing your verification by submitting ID and proof of address is essential. It usually takes 1-2 business days.

Completing verification not only lifts limits but also speeds up withdrawals and unlocks premium support.

Managing Multiple Trading Accounts and Internal Transfers

After your first deposit, you might want to try different strategies or instruments. Our platform allows you to create multiple trading accounts under one personal area. This flexibility is handy for managing risk or testing markets separately.

How to Create Additional Accounts

Simply go to your personal area, click “Create New Account,” pick the account type and currency, and you’re set. The new account is ready instantly.

Moving Funds Between Accounts

Internal transfers let you move money between your trading accounts without delays or fees. For example, if you deposited $100 into one account but want to trade in another, just transfer the funds internally—it’s instant and straightforward.

Fees, Currency Options, and What to Expect

Let’s clear up any confusion about fees and currency. We don’t charge any fees when you deposit funds. That’s right—no deposit fees from our side.

However, your bank or payment provider might charge fees, so it’s smart to check with them beforehand. Also, if you deposit in a currency different from your account’s base currency, conversion fees may apply.

For Nigerian traders, sticking with e-wallets or cards often means the smoothest experience with minimal extra costs.

Keeping Your Deposits Safe and Secure

Security is something we take seriously at Exness. We use SSL encryption to protect your data, keep client funds separate from company money, and comply with multiple regulatory bodies worldwide.

On your side, it’s important to keep your login info private, avoid using public Wi-Fi for deposits, and enable two-factor authentication for extra protection.

We’re committed to making sure your deposits and trades stay secure at all times.