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How to Choose Best Forex Broker in Nigeria

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IFP Media Wire
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How to Choose Best Forex Broker in Nigeria

Choosing Best Forex Broker

Financial markets are primarily associated with stocks and shares. However, currencies are also bought and sold, and shifts in corresponding exchange rates bring considerable profits to traders. With Alpari as a Forex broker, South Africans can now access the global marketplace with ease. But what exactly does a trustworthy broker do?

Understanding the Basics

In essence, these companies function as intermediaries between parties willing to act on the Forex market and the marketplace itself. Aside from individual traders, large entities (such as banks and hedge funds) also engage in currency trading. In fact, an overwhelming majority of transactions are completed by institutions, which constitutes over 94% of the overall turnover.

Users in South Africa may benefit from currency exchange by using one of the digital platforms supplied by brokers. Alpari, a well-established name in Forex trading, is a popular choice for a good reason.

Advantages to Look For

There are several distinctive features that aspiring traders in Nigeria should be looking for. Here are just a few of such competitive advantages, which are all demonstrated by Alpari International.

First, it is part of a prominent brand with over two decades of experience in the realm of currency transactions. This company as its part has been rendering first-class services since 2014. It boasts favorable spreads, effortless deposits and withdrawals, regular incentives and rewards, and much more.

The range of finance instruments is impressively broad. Traders gain access to roughly six dozen currency pairs, cryptocurrencies, global equity indices, and commodities. Whether you are keen on digital or conventional assets, there is a service for you. From gold to Ethereum, it’s all here.

Currencies in Use

These are always traded in pairs, the most popular is the GBP/USD combination. It reflects the value of the British pound (base currency) in relation to the US dollar (the quote currency). The other base currency options are Euro, USD, and the Nigerian Naira. All currencies may be bought or sold depending on their relation to one of the quote currencies.

Money transfers to and from personal accounts are simple, with a broad choice of means, from bank cards to Skrill. Naturally, the more is deposited, the more favorable the spread offered by the broker, and the more you eventually stand to gain.

How to Choose Best Forex Broker in NigeriaExecution models offered: there are two possible options available. Both are covered by Alpari International. Its clients choose between the ECN and market maker schemes.

Very favorable leverage: the term refers to the opportunity to trade with bigger volumes than your actual account balance. In the most generous scenario, the indicator reaches 1000 to 1.

Inclusion of swap-free option: also known as Islamic accounts.

Adherence to Rigid Regulation

Check your broker’s legal status in the region. Are its operations overseen by a reputable control body? For example, in the case of Alpari International, the controlling entity is the Financial Services Commission (FSC) in Mauritius, where it is registered and headquartered.

Software to Access the Market

A trader accesses the currency marketplace via dedicated software tools. Alpari provides two cutting-edge platforms. Both (MetaTrader 4 and MetaTrader 5) are customizable platforms with intuitive interfaces and multiple charting tools.

The embedded strategies, indicators, and scripts facilitate forecasting and trading. The second version is more advanced, with trading robots, new scripts, and indicators in MQL5, as well as speedy back-testing.

Naturally, both programs have been successfully adapted to portable devices. Whether it is your smartphone, tablet or laptop, you gain access wherever you are.

Copy Trading and Its Benefits

This service is indispensable for those who wish to trade, but do not have sufficient time to follow the trends and conduct transactions. In essence, they delegate the job to an expert (strategy manager), whose trades are copied into their account.

Easily Reachable Support

The support team has to be efficient and contactable. The customer care squad at Alpari is headquartered in Lagos & Abuja. It works around the clock on weekdays.

Flood-hit children in Jask

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Photo of the Day
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Flood-hit children in Jask - Iran Flood

US Trying to Seize Syria’s Oil Wells, Rouhani Warns

By
IFP Editorial Staff
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Hassan Rouhani - Imad Khamis

In a meeting with Syria’s visiting prime minister in Tehran on Tuesday, Iranian President Hassan Rouhani expressed gratitude to the Syrian government and nation for their sympathy over the American assassination of top Iranian commander Lt. General Qassem Soleimani and the loss of scores of Iranians in the recent crash of a Ukrainian passenger plane.

General Soleimani was a great and highly-revered figure not only among Iranians, but among the whole freedom-seeking people in the region and the world, President Rouhani noted, saying the late Iranian commander was assassinated in a US terrorist attack because he was a supporter of the oppressed people across the region and thwarted the plots hatched by the US and the other enemies.

“We will never forget such grave US crime and believe that the regional nations should not relax until ending the military presence of the US in the region and evicting those invaders,” he added.

“Today, the Americans’ interference in the affairs of the other countries and their attempts to seize Syria’s oil wells have clearly revealed that they’ve never cared about the interests of the regional nations,” the president stated.

He further reaffirmed that the Islamic Republic of Iran will keep supporting the oppressed nations in the face of the global arrogance in the same way that it has stood by the Syrian government and nation in the fight against terrorism.

The cooperation between Iran and Syria must continue until achieving the ultimate victory, eradicating terrorism, expulsion of the foreign occupiers from Syria, and the return of Syrian refugees to their homeland, President Rouhani stressed.

He finally expressed hope that the process initiated by Syria’s Constitutional Committee would fulfill the interests of the Syrian nation.

For his part, Prime Minister of Syria Imad Khamis offered his condolence over the martyrdom of Lt. General Soleimani, describing the loss of the Iranian commander as a major disaster for all liberalist nations in the world.

Paying tribute to the late commander for his indescribable bravery, Khamis said Lt. General Soleimani will remain forever in the hearts of Syrians following his great contribution to the axis of resistance in the region.

The Syrian premier also noted that Iran’s retaliatory missile attack on a US military base in Iraq has sent a clear message to the regional and world governments, saying, “This action showed the enemies that the arrogance has no place in this region anymore.”

Highlighting the continued efforts to eradicate terrorism in the region, Khamis added, “The presence of Americans in Syria is a blatant example of occupation, and we believe that all nations and governments must stand against their (US’) illegitimate presence in the region.”

The Syrian premier further offered condolences to Iran over the deaths of people in the Ukrainian plane crash, saying Iran’s admission of responsibility for the accident indicates the Iranian officials’ honesty and prudence.

The Syrian nation is grateful to the “Iranian brothers” for all their support and help, Khamis noted, calling for efforts to expand the trade ties and to broaden cooperation between Damascus and Tehran in various fields.

“In the process of reconstruction of Syria, Iran is definitely our top priority, and we invite the (Iranian) companies and private sector to get involved in the Syrian projects,” the Syrian prime minister concluded.

Iran’s Beauties in Photos: Qadamgah Town

By
IFP Editorial Staff
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Qadamgah Town

The significance of Qadamgah is mainly because of a visit to the town by the eighth Shiite Imam, Ali ibn Musa al-Reza (PBUH) during his political-historic voyage from Medina to Marv.

During the past centuries, thanks to the large number of travellers, pilgrims and merchants, many public and governmental buildings including ribat (a small fortification built along a frontier), Chapar Khane (courier house), and bathhouses have been developed in the town.

The town is also home to the Qadamgah Garden, a monument located in 24 km to the east of Neyshabour on the route leading from Neyshabour to Mashhad.

The monument was built in 1020 AH by the order of Shah Abbas Safavi with a four-Iwan pattern and a high dome on the top and tilework decorations.

What distinguishes the monument is a spring consecrated by the presence of Imam Reza in the central area of the garden, both flowing from and hiding in that very area.

Iran Develops Electronic Autopsy Table, Software

By
IFP Editorial Staff
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Iran Develops Electronic Autopsy Table, Software

The product was developed by a group of students at a knowledge-based pharmaceutical sciences company affiliated with Shahid Baheshti University of Medical Sciences, said an official.

“We began simulation work at the university in 2014, and the primary objective was not to develop a product only, but to create a platform and domestically develop the technology from A to Z,’ said Dr. Rezqi, Vice-Chancellor for Research and Technology at Shahid Beheshti University of Medical Sciences.

He said the newly developed software has numerous educational and medical applications.

“This software includes the world’s largest educational anatomy database with more than 20 models, real human bodies, and over 30,000 anatomical parts,” he said.

“The software is capable of simulating more than 5,000 models for specialized anatomical radiological education, and a unique model for specialized training on the bran and nerves,” he said.

For a brief review of Iran’s achievements in various fields of science and technology, check the book “Science and Technology in Iran: A Brief Review – 2019”

He added the software is also capable of reading radiological, MRI, CT Scan and X-RAY data and turning them into a 3-D format.

Among the features of the apparatus and software is high scientific precision, the ability to re-read and reconstruct radiological images, simulate the anatomical model of the brain, the embryo’s anatomy and some models of animals.

One of the major advantages of the apparatus is that it can support more than 20 bodies and schematic models while similar European and American devices can support only one or two.

Iran Flood Relief Work Underway in Affected Areas

By
IFP Editorial Staff
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Iran Flood Relief Work Underway in Affected Areas

Commander of Iran’s Islamic Revolution Guards Corps (IRGC) Major General Hossein Salami visited affected areas on Tuesday to get a first-hand account of the situation on the ground.

“We managed to have an aerial inspection of some of the flood-stricken areas in Chabahar region by helicopter,” said the top general.

Iran Flood Relief Work Underway in Affected Areas“The main problem which exists is that ground linking routes to villages have been cut off, and villages are surrounded by floods; so, most of the relief work is being done with helicopters,” he added all of the IRGC’s “engineering facilities and equipment” in the south have been mobilized to reopen blocked roads and paths.

Iran Flood Relief Work Underway in Affected Areas

He added makeshift kitchens have also been set up to prepare food for affected residents.

Gen. Salami said bottled water, heating devices and other urgently needed items are being distributed among flood victims.

He expressed hope the situation on the ground will get back to normal in the coming days.

Heavy Flooding in South-Eastern Iran Leaves Casualties

Ukraine Plane Crash Case Should Come to Special Court, President Says

By
IFP Editorial Staff
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Ukraine Plane Crash Case Should Come to Special Court, President Says

Addressing a conference in Tehran on Tuesday, President Rouhani said the case of the Ukrainian plane is not an ordinary one.

“The Judiciary must set up a special court with a high-ranking judge and tens of experts to examine the case. This is not a normal and ordinary case, and the entire world will be watching this court of ours,” he added.

The president said he made great efforts to shorten the process of investigation as soon as he considered the possibility that the crash of the Ukrainian jetliner may not be ordinary.

He said the Iranian Armed Forces, which was the only path to discovering the truth, worked in close cooperation after the incident, adding, “Immediately after I became confident that a very painful and unforgivable mistake has been made, I ordered the relevant officials to inform the public.”

President Rouhani said the grief over the tragic incident was intensified after it transpired that a human error has caused the disaster.

Pointing to his talks with the leaders and officials of the countries whose citizens have been killed in the crash, the Iranian president pledged that his administration will pursue the case by all means.

He further described the Armed Forces’ candid admission of fault and their apology to people as a “good first step”, stressing that the subsequent steps must be also taken.

Highlighting his familiarity with the air defense systems, President Rouhani said such incident could not be blamed on only one person.

“Just one person who has pushed the button could not be culpable; there are others too. And I want this issue to be publicized clearly,” he added.

President Rouhani then denounced the US as the root cause of all the recent sorrows, saying, “It was the US that inflamed the situation, made the conditions abnormal, threatened us, and took the life of our dear one (Lt. General Qassem Soleimani)”

However, he underlined, this should not prevent Iran from examining all factors behind the plane crash.

The president further called on the Iranian officials to fully explain the whole process of investigation to the public, since when the accident occurred on Wednesday morning until the time when the Supreme National Security Council found out the truth on Friday night.

“All of our people share this grief, but they want to know whether their officials behaved correctly according to the rules and within the framework of moral principles,” the president added.

“This is not a small incident, but it is an issue relating to the security of Iran’s airspace. It is not only about 176 persons. Those we lost were undoubtedly very special to us, but the security of Iran’s airspace is greatly significant for our nation and for the world,” he added.

He then emphasized that anyone found culpable must be brought to justice, saying the Iranian administration feels responsible not only for the Iranian victims, but also for the nationals of other countries who died in the accident.

The administration will carry out all of its legal and judicial duties in this regard, Rouhani underlined.

He finally noted that people must be given an assurance that such incidents would not happen again, saying this would require a revision of the regulations and methods.

Iran’s Wetlands; Habitat of Migratory Birds in Cold Season

By
IFP Editorial Staff
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When the weather gets cold, more than five million migratory birds travel over 3,000 miles from northern Europe and Asia to various Iranian wetlands including the coasts of Persian Gulf, Gandoman Pond in the southwest, and Eshqabad artificial lake in Tehran province.

Most water birds such as ducks, Eurasian teals, egrets, herons, flamingos and pelicans prefer warmer wetlands in the south.

Meanwhile, birds like house sparrows, crowns, white wagtails, doves, black kites, sandpipers, harriers, northern lapwings, etc. come to Eshqabad seasonal wetland.

What follows are YJC and Fars News Agency’s photos of beautiful migratory birds in Iran’s wetlands:

Kermanshahi Shreds Stew: A Luxury Iranian Food

By
IFP Editorial Staff
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Kermanshahi Shreds Stew: A Luxury Iranian Food

The delicious meal contains almond shreds, barberries and rose water. Since past times, people of Kermanshah have cooked the shreds stew as a food served for guests and on formal occasions. They believe the stew should be transparent and have a nice colour.

 

Ingredients:

Chopped veal: 100gr to 150gr per person

Onions: 2 big onions

Almond shreds: 50gr per person

Black or red barberries: 200gr

Rose water: 3 to 4 spoonfuls

Stewed saffron: 4 spoonfuls

Dried lime: 1 lime per person

Cinnamon sticks: 1 piece

Tomato paste: 2 to 3 spoonfuls

Salt, turmeric, black pepper and Kermanshahi oil: as much as needed

Kermanshahi Shreds Stew: A Luxury Iranian Food
Kermanshahi Shreds Stew

Recipe:

First, skin and wash the onions. Then chop them to small pieces and sauté them in a casserole with some turmeric on low heat.

Then add to the onions the chopped veal that you have already washed well. Sauté them all well until the meat changes colour. Then add boiling water until it covers the veal. Then allow the veal to be half-cooked on low heat.

Fry the tomato paste in a separate dish. Then add it to the half-cooked meat along with stewed saffron and almond shreds. Put the mixture in the casserole and wait until the veal and almond shreds are cooked through. Note that water should cover the ingredients.

After the veal is cooked, add rose water, dried lime, cinnamon sticks, salt and some black pepper to the ingredients and allow the stew to be cooked through on low heat.

Then sauté the barberries after washing them. Be careful lest they might get burned. Ten minutes before you turn off the flame, add the barberries and wait for ten minutes until the stew is cooked through. Then take the cinnamon sticks out and serve the stew with rice.

Iranian Scientists Unveil Homegrown Medicine for ALS Patients

By
IFP Editorial Staff
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Iranian Scientists Unveil Homegrown Medicine for ALS Patients

The medication was recently unveiled in the presence of the country’s Vice President for Science and Technology Sorena Sattari.

The drug, produced by a knowledge-based company at the University of Medical Sciences, has been on the market for two months and been used by about 50 patients.

Alsava is a thick product that is prescribed for patients with ALS.

ALS causes damage to motor cells in the spinal cord and brain and is a type of degenerative disease.

There are no known causes for this disease in most cases. People over the age of 50 may develop ALS, but it’s been seen at younger ages as well. According to neurologists, the disease is not treatable.

Acclaimed physicist Stephen Hawking was suffering from this disease and lost his life in 2018.

 

Related Articles:

Iran Becomes Region’s Top Country in Biotechnology: VP

Iran’s Knowledge-Based Companies Withstanding US Sanctions: VP

Iran Says Focused on Producing Goods Sanctioned by US

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