The Forex Market is growing at a very fast rate in Africa. More and more Forex trading companies continue to open up in Africa’s major cities targeting the populace interested in the forex cycle.

The Trading wave has started to gain momentum on the continent, in countries like Nigeria, we are seeing over 30 companies indulging in trade with the locals because of the fact that people have realized the value of Forex trading. Companies like Grand Capital, TickMill, FxPro, FXTM and FBS are some of the major brands dealing with Africa.

What’s the big deal with forex trading that has drawn the people in ?

  • Forex trading promises quick returns on investments – boasting huge sums in returns that fund those that partake in the trade.
  • The lure of not being bogged down by a 9 to 5 job, but instead the flexibility to determine your own working hours while earning much better than a regular job could offer.

The above is just a portion of  what has made forex trading a booming prospect which has in turn lured forex trading companies into opening up in Africa.

The recipe used by successful Forex trading companies in Africa

DusuPay has been of immense help to Forex trading companies that can now easily relate with Africa because they now have a form of tapping into how to pay and accept money.

Africa’s bulk of the population is unbanked – but with DusuPay, Forex traders now don’t have to worry because these companies can now pay and accept payments using Africa’s mobile money.

Therefore creating a link between Forex trading companies that use banks and Africa’s mobile wallets.

Reuben Kihumuro

Author Reuben Kihumuro

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