Start with the fundamentals, then put them to work with the free calculators.
FxPro offers gold with competitive spreads, MT4/MT5 and Local NGN bank transfers, Visa/Mastercard debit cards, e-payments, crypto-friendly funding for traders in Nigeria.
See FxPro conditions →Start with position sizing, not with predictions. Gold moves in dollars per ounce, one standard lot is 100 oz, and one pip is 0.01, so a 0.10-lot position carries real exposure per pip. Learn what a given lot size costs you per pip before you study any strategy. Our position size and pip value calculators make that concrete.
There is no fixed figure, and anyone quoting one as a rule is guessing. What matters is that your account can absorb the pip exposure of the lot size you intend to trade without a normal gold swing forcing you out. Work backwards: choose a lot size, measure margin and pip value, then decide whether your capital supports it.
Learn gold as its own instrument rather than as a currency pair. It has no interest-rate differential in the usual sense, its volatility profile differs from majors, and news such as central bank buying or risk sentiment hits it differently. Treating XAU/USD as just another pair is a common beginner error that shows up in oversized positions.
Leverage amplifies losses as well as positions, so it turns a sizing mistake into an account-ending one, but the root cause is position size. Up to 1:200 is available via the offshore entity for Nigerian clients, and that is a cap, not a target. At 1:200, a 0.10-lot gold position needs about $85.50 margin, which shows how much exposure a small deposit controls.
Check who holds your money before you learn any strategy. FxPro is licensed by the FCA (UK), CySEC and FSCA; confirm any broker on the SEC Nigeria register of capital market operators. That register check is the local authority step, and it is worth doing before you send a naira bank transfer to any platform.
