By Peter Egwuatu
THE revolution Nigerians expected in trading global markets is finally in place 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 to over 1000 global markets financial products using our local currency.
As one of the leading pan African brands, EGM provides opportunity for its clients to access global financial markets. The Naira Platform of this multi-asset derivative firm is the latest of its game changers seen to force its competitors into a catch-up mood.
Speaking, while taking some capital market correspondents through the rudiments of trading global markets, Gbite Oduneye, Co-Founder, EGM, said: “We have two platforms: the Naira Cloudtrade and then the US Dollar MT4 which is the only one other players in the industry offer to their clients,” Ranging from international equities, commodities, indices and currency pairs, traders can through EGM naira platform access over 1000 financial products across the world. This includes 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 would 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 1000s of financial products with Naira.”
“As one of Africa’s most innovative financial technology companies, providing opportunities for its clients to make money from trading 1000s of financial products with Naira, no doubt EGM has now become preferred global local broker. “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 5000 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.
Also speaking at the event, Temitayo Sanusi, Director Operations, at EGM said, “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”.
“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.