EGM platform revolutionises global markets trading
Attracts over 5000 trading accounts within two years
The revolution Nigerians expect from trading in global markets is finally here, through the Naira Platform provided by one of Africa’s most innovative Financial Technology (FINTECH) companies, Eagle Global Markets (EGM).EGM, which added the Naira Cloudtrade Platform to its existing US Dollar MT4 platform, has succeeded in enabling traders access over 1000 global markets financial products using our local currency.
Speaking at a press briefing in Lagos, at the weekend, Co-Founder, Eagle Global Markets, Gbite Oduneye, explained that as a leading pan African brand, the platform provides opportunity for clients to access global financial markets.“We have two platforms: the Naira Cloudtrade, and then the US Dollar MT4, which is the only other player in the industry offered to the clients.”
Products, ranging from international equities, commodities, indices and currency pairs, traders, according to him, can through the EGM naira platform access over 1,000 financial products across the world.These include derivatives of companies such as Facebook, Google and Snapchat; as well as commodities such as Crude Oil, Gold, and Silver.
Global market watchers had two weeks ago seen one of largest drops in the history of the Dow Jones as well as a rise followed by a drop in oil prices.“In times gone by, this will constitute engaging conversation, but now, one could generate an income from taking advantage of these moves from the comfort of your mobile phone with Naira. EGM makes the investing World a much smaller place by breaking down barriers, making it possible for Nigerians to trade in thousands of financial products with Naira,” he said.
Oduneye said: “We have experienced account managers who guide our clients. We are one of the most innovative financial technology (Fintech) companies in Africa. We offer tight spreads, Mobile apps: Android and Apple; and Fast Trade Execution. Our clients are at the heart of our business and we provide the best client management in the industry”.
“In less than two years, we have grown our clientelle base considerably from a mere 500 to 5,000 and still counting. This is driven by our commitment to professionally advise and educate of our clients. Education is at the heart of our business; we offer free seminars in our Ikoyi office as well as our EGM Academy in Ikeja. We are looking to open in Ibadan in the next quarter of this year,” Oduneye said.
“We enable clients diversify their portfolios by taking advantage of opportunities that exist in Global Markets. We enable Nigerians earn extra income and provide jobs for our Introductory brokers. We offer the highest level of compliance with our Financial Conduct Authority (FCA) regulated technology partners.”
We hold all clients funds in segregated accounts,” he further said.“Our plan is to revolutionise the sector so that global market traders get value in what they are doing. Now they have seen that it is possible to invest or trade any of the tradable 1,000 financial instruments across the world with our local currency,” Oduneye noted.
Eagle Global Markets not only makes trading global markets more accessible, but also addresses issues such as a local currency risk and transactions with foreign entities.
EGM sets out to ensure that online trading becomes Nigerian, and run for the Nigerian people. It educates and nurtures its clients into confident self-directed traders, who want the freedom the company’s multi asset, multi device trading platform offers.
Also speaking at the event, Director Operations, Temitayo Sanusi, said, “At EGM, we are constantly working towards the highest level of compliance possible, ensuring proper due diligence is always carried out and Know Your Customers (KYCs) is adhered to.”The Sales Manager, EGM, Barbara Awodu Aleshe, added, “We guide our clients through the market by providing the highest level of customer care and back office support.”
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