About Ibadan Account

Who runs this desk

Ibadan Account is run by a small editorial desk, not by a trading firm or an investment company. The work is reading broker documents, checking what a resident of Nigeria can actually do with an account, and writing it down plainly. There is no sales team and no account manager here.

The desk is not a broker, not a bank and not a licensed adviser. It cannot open an account for you, hold your naira, place an order or manage money. Every trading decision and every account sits with you and the broker you choose.

How the work is paid for

Affiliate links are the only revenue. If you open an account with a broker through a link on this site, the broker may pay the desk a referral fee at no extra cost to you. That fee is the whole business model, and it is disclosed on the pages where links appear.

Payment never buys a rating and never hides a weakness. A broker that pays a referral fee can still be marked down for a funding gap, a withdrawal problem or an unclear document, and a broker that pays nothing can still rank well on the same checks.

How this site is funded and what funding does not buy

The site is funded by its own editorial budget and by the ordinary costs of running a publication, and no broker pays for a favourable mention, a rating or a placement in our pages. Funding covers writing, fact-checking and hosting; it does not create an obligation to any platform, including FxPro, whose MT4, MT5, cTrader and FxPro Edge platforms we describe because readers ask about them.

Money does not decide which facts we publish or how we frame risk. If a funder disagrees with a page, the page stays as the facts support it, and the disagreement can be raised through the challenge route described on this page. We do not run paid rankings, and we do not accept payment to remove a caveat such as the one reminding readers to confirm any broker on the SEC Nigeria register of capital market operators.

Funding also does not give anyone early sight of a draft or the right to approve a number. The editorial standard applies to every page whether or not it mentions a commercial platform. Where a page discusses naira bank transfers, Visa or Mastercard debit cards, e-payments or crypto funding, the description is written to help a reader understand the mechanics, not to steer them toward a particular provider.

What this desk will not do

The desk will not promise a return, a winning strategy or a recovery of lost funds. It will not tell you how much of your naira to trade, and it will not act as your adviser. Gold and CFDs on gold carry a high risk of loss, and most retail accounts lose money.

It also will not pretend to be regulated. Ibadan Account holds no licence from the SEC Nigeria or any other authority, and it does not present itself as a capital market operator. For any broker, confirm the firm on the SEC Nigeria register of capital market operators before you send money.

The editorial standard for a number on this site

A number appears on this site only when we can point to the exact fact it came from, and every figure is shown with the unit and the condition that makes it true. For gold, that means 1 standard lot equals 100 oz and one pip equals 0.01, and a reference price of about 4275.0 is labelled as a reference, not a live quote. If we cannot state the source, we describe what the number depends on instead of inventing one.

We do not publish spreads, commissions, swaps or minimum deposits as numbers because those depend on the account, the platform and the entity serving Nigeria, and we were not given a figure to stand behind. Where a cost matters, we say what it consists of and what it depends on. The same rule applies to leverage: we state only the cap we were given, up to 1:200 via the offshore entity, and note that one review cited conflicting 1:30/1:20 caps that we could not verify.

Every worked example is arithmetic you can repeat yourself. At 1:200, a 0.10-lot gold position needs about $85.50 margin, and we show that as a calculation rather than a promise of what your account will require. Naira amounts are given only where we have a basis for them; otherwise we keep the figure in US dollars and say that the naira value depends on the rate your bank or card provider applies.

How to challenge something published here and get a logged answer

You can challenge anything on this site by writing to the desk with the page address, the exact sentence and the reason you think it is wrong, and we will log the challenge and answer it. We ask for the specific wording because a general complaint about tone cannot be checked, while a disputed figure or a missing caveat can be traced to the fact we relied on.

Every challenge gets a written response that either corrects the page, explains why the wording stands, or states that we cannot verify the point and will remove it. We do not require you to be a customer of any broker or to give personal trading details. If the challenge concerns a number we were given, we will say what that number was and where it came from, or say plainly that we do not hold a source and will stop using it.

Corrections are made on the page itself and noted in the editorial log with the date, so a later reader can see what changed. We do not quietly edit a disputed sentence and leave the original claim live elsewhere. Challenges about risk framing, such as whether a leverage cap is presented as a target rather than a limit, are treated as seriously as factual disputes, because a misleading frame can cost a reader money even when every word is technically accurate.

What this desk covers on gold and what it leaves to your broker

This desk covers the mechanics of trading gold (XAU/USD) from Nigeria: contract size, pip value, margin arithmetic, platform choices and the local funding routes we were given. We explain that 1 standard lot is 100 oz and one pip is 0.01, and we show how a position size translates into margin at the cap we can state. We do not cover signals, portfolio management or tax advice, because those depend on your circumstances and on professionals licensed for them.

We leave order execution, actual spreads, swap rates and account opening entirely to your broker. Those are set by the entity that serves you, and for Nigeria that entity is FxPro Markets Direct Costa Rica Latam SRL, while the group also holds FCA (UK), CySEC and FSCA licences. We repeat the caveat that you should confirm any broker on the SEC Nigeria register of capital market operators, and we do not present a licence as a guarantee of how a specific account will be priced.

We also leave the choice of funding method to you. Naira bank transfers, Visa or Mastercard debit cards, e-payments and crypto are all listed as local routes, but the cost, speed and limits of each depend on your bank, card issuer or provider, and we do not quote a number for any of them. What we can do is explain the sequence and the questions to ask before you send money.

Who runs this desk and how trading decisions are made

This desk is run by a small editorial team based in Ibadan that focuses on gold (XAU/USD) and Nigerian trading access; it is not a broker, fund manager or signal service. Decisions about what we publish are taken by the editor on duty, who checks each draft against the facts we hold and the risk framing required for leveraged gold trading. No outside party approves our copy before it goes live.

Decisions on what to cover follow reader questions and the practical mechanics of trading gold from Nigeria, such as margin on a 0.10-lot position and how naira funding is handled. We do not publish trade calls or price predictions; we explain how instruments, costs and platforms work. When a fact changes, the editor updates the page and removes anything that can no longer be supported by the source we hold.

Every decision is recorded in a simple log that names the editor, the date and the fact being relied on, so a later correction can be traced. We do not use an author byline to imply personal expertise we cannot verify; the desk takes collective responsibility for what appears. If a claim cannot be tied to a named source or a worked figure we were given, it is left out rather than softened.

Why the risk warnings on this site are written the way they are

The risk warnings are written plainly because leveraged gold trading can lose money faster than the time it takes to read a page, and a warning that softens that fact is not useful. Gold moves in dollars per ounce, and with 1 lot equal to 100 oz, a one-dollar move is $100 per standard lot before costs. We state that arithmetic so a reader can see the exposure rather than read a vague caution.

We treat leverage as a cap, not a setting to aim at. The figure we can state is up to 1:200 via the offshore entity, and we note that one review cited conflicting 1:30/1:20 caps that were not verified at review, so the effective cap depends on the entity and the account. We do not tell readers to use the maximum, and we do not present margin as a measure of safety.

We repeat the SEC Nigeria caveat on every page where a broker is named because regulation is the first check a Nigerian reader should make, not the last. We do not promise that any platform is suitable for you, and we do not describe trading as a way to earn a regular income. If a sentence on this site reads as a guarantee, it is a mistake and we want it challenged through the route above.