The Volatility 75 Index (VIX) measures and tracks the volatility of the Standard & Poor’s 500 (S&P 500), one of the world’s most important stock market indices, with a value ranging from 0 to 100.
A low value suggests minimal volatility, whereas a greater number indicates increased volatility. A rating of less than 30 on the index indicates that market conditions are tranquil, whilst a reading of less than 20 indicates a complacent market.
The following is a list of some of the best Volatility 75 Forex Brokers in Nigeria:
IC Markets
IC Markets, founded in 2007, is one of the world’s leading ECN forex brokers, offering innovative trading solutions and user-friendly platforms. IC Markets serves both novice traders and expert retail investors, offering over 230 tradeable financial assets.
IC Markets also provides access to some of the industry’s leading liquidity providers, hand-picked by the IC Markets team.
The broker is well-regulated by reputable market regulators and offer low trading as well as non-trading costs with tight variable spreads. It welcomes a range of trading strategies, trading styles such as hedging and scalping and social trading opportunities through flexible and powerful trading platforms.
Superforex
A Superforex review shows that SuperForex, in operation since 2013, is a broker with a wide-reaching global operation. SuperForex is known for offering top-tier services in trading and investment on the financial markets in over 150 countries across the globe, including Nigeria. SuperForex clients can choose between a wide range of financial instruments for trading, investment, and funds management by means of MetaTrader 4 and managed accounts.
The broker allows social trading and a choice in retail trading accounts. Spreads are unfortunately not the tightest in the industry and some traders may have preferred more than one trading platform supported.
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Pepperstone
Pepperstone, which was founded in 2010, is one of the most trusted forex brokers in the industry with competitive trading conditions. Pepperstone is a respected licenced entity and market regulator-approved ECN and STP forex broker situated in the United Kingdom and Australia.
Traders can trade a variety of financial instruments such as forex pairs, indexes, CFDs, and others. Fixed spread accounts are not provided though. Pepperstone is an award-winning broker that offers excellent customer service, social trading opportunities and low variable spreads.
Hotforex
HotForex is a well-known and trustworthy broker that uses multi-regulation to provide full trading solutions in a variety of countries across the world, including Nigeria. HotForex offers trading in a diverse range of financial products across many asset classes and places a high value on client fund security and a fair, safe, and transparent trading environment.
A range of bonuses and promotions are offered by the broker to traders holding one of its different retail investor accounts. Tight variable spreads and commission-free trading options are offered, and Islamic accounts and demo accounts can be opened.
Avatrade
AvaTrade is one of the most popular trading brokers in the world, with regulation through several reputable entities. Traders can trade over 1,250 financial instruments spread across several asset classes with one retail trading account that is feature-rich and flexible, catering for both beginner and experienced traders. AvaTrade also offers a range of trading tools, educational sources, and excellent customer service.
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