Are all accounts denominated in Naira?
Yes, all deposits, withdrawals, and MT5 trading accounts are denominated in Naira.
Are payouts instant for funded?
Yes, payouts are processed within 24 hours and often instantly for funded traders.
Can affiliates withdraw any time?
Yes, once you meet the ₦3,000 minimum payout threshold.
Can I have multiple accounts?
Yes, you can have multiple accounts with the same or different email addresses, just ensure you purchase them one after the other.
Can I merge Phase 1 and Phase 2 earnings?
No. Phase 1 and Phase 2 earnings are treated separately and reset before moving to next stage.
Can I pass Phase 2 in one day?
Yes. There are no minimum trading days, so you can pass in a day.
Can I pay directly into a bank account?
No, Please proceed with placing your order (s) through your NairaTrader customer dashboard.
Can I request Phase 2 with multiple accounts?
Yes, but each account has its own countdown timer. Consider multiple dashboards if needed.
Can I trade before KYC approval?
No. Please wait until you are verified, otherwise login details may change.
Can I trade Phase 1 and Phase 2 together?
No. We withdraw Phase 1 earnings before granting Phase 2.
Can I trade while requesting payout?
No. Please ensure you have no open trades while requesting payout.
Can I use one KYC for multiple accounts?
No. Each account must be individually verified with KYC.
Can I withdraw above 10% profit?
Yes, there is no penalty for profit above 10%. You can withdraw profits once you reach 10%.
Can payout be instant?
Yes. Many affiliate payouts are processed within minutes. Trader payouts are within 24 hours.
Can payout requests be rejected?
Yes, if open trades exist or incorrect bank details are provided.
Could you please explain why I’m encountering an “Off Quote” error?
There are several reasons for the off-quotes error
- There are no prices for the selected instruments at the moment, or the last prices can no longer be treated as market prices.
- The trader is trading on an instrument that has been terminated.
- When a trader has previously received preceding rejections, such as the “Not enough free margin” error
To assist you further in your other inquiry, we kindly ask you to provide the following details: please share your trading account number and the Order ID.
Do affiliate purchases count multiple times?
Yes, multiple purchases by the same referred trader also count towards your bonus.
Do affiliates and traders share payout rules?
No. Traders withdraw from trading accounts; affiliates withdraw referral commissions separately.
Do affiliates get bonuses?
Yes, affiliates receive free trading accounts as part of our reward program:
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30 sales qualify for a ₦400,000 account
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60 sales qualify for an ₦800,000 account
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120 sales qualify for a ₦1,500,000 account
Once you reach any of these milestones, please send an email to hi@nairatrader.com with your registered affiliate email and Affiliate ID to claim your reward.
Do affiliates need KYC?
No, affiliates are not required to complete KYC verification to earn or withdraw their commissions
Do affiliates need KYC?
No, affiliates are not required to complete KYC.
Do affiliates need to trade?
No. Affiliate program is only for referrals. No trading required.
Do funded traders trade real accounts?
Yes. Trades on demo accounts are copied directly to real NairaTrader accounts.
Do I need KYC for each MT5 account?
Yes. Each MT5 account purchased requires KYC verification.
Do I need to complete KYC before Phase 2?
No, KYC is only required after moving to funded stage.
Do I need to submit request after hitting target?
Yes. Passing balance must be followed by submitting request for next phase.
Do I need to trade daily?
NO! but to maintain an active account, you are required to execute at least one live trade or submit a pending order once in seven (7) days. This ensures that your account remains active and in good standing.
Do you allow copy trading?
Yes, copy trading is accepted. No consistency rule.
Do you allow foreign clients?
No, NairaTrader is currently available exclusively to Nigerians. However, Nigerians in the diaspora can also purchase an account, provided they have a verified Nigerian bank account for payments.
Do you allow scalping?
Short-term scalping under 3 minutes for 1–3 pips is not allowed.
Do you have account merging?
Account merging is currently unavailable. We will make an announcement across all our social media channels once it becomes available.
Do you offer demo or trial accounts?
We do not offer free trials, but you can open a demo account with the same broker we use for evaluation via https://one.exnesstrack.org/a/sjgbt9ol.
Do you offer discounts?
Yes, we occasionally offer discounts, and we announce them on all our social media platforms.
Do you offer instant funding?
No, we do not offer 1-step or instant funded accounts. Only the 2-step evaluation is available.
Do you offer investment services?
NO we don't. NairaTrader is not an investment platform and does not offer investment opportunities in
any form. Our services are designed for are focused on providing capital to traders, and we are committed to
ensuring that our users have a clear understanding of our offerings.
Do you process payouts on weekends?
No. We do not process payouts on Saturdays and Sundays.
Do you provide customer support via WhatsApp?
Yes, You can reach us via Whatsapp at http://wa.me/+2348021495027 during working hours but for faster response please Email our team support at hi@nairatrader.com.
Do you provide payout certificates?
Yes, payout certificates are available for download after KYC verification.
Do you refund registration fee?
No
Do you support copy trading?
Yes. We accept copy trading and there is no consistency rule.
Does KYC affect trading?
No, KYC is for payouts. Your trading continues normally after verification.
How can affiliates use their balance?
Affiliate balances can only be withdrawn to your bank account
How do I complete KYC?
You will receive an automated email containing a KYC link. Alternatively, you can complete your KYC directly at https://app.nairatrader.com/kyc.
Please note: A mandatory 10% profit is required before your KYC can be processed.
How do I get my affiliate link?
Login to your affiliate dashboard and click on 'MY LINK' in the menu to display your referral link.
How do I know if my account is funded?
Your funded account will display 'Demo' in MT5, but trades are copied to a real NairaTrader account. Profits are genuine and paid directly to your bank.
How do I register on NairaTrader?
You can register or sign up by visiting https://app.nairatrader.com and creating your account.
How do I request payout?
Go to https://app.nairatrader.com/payout via your dashboard to request payout.
How do I request Phase 2?
Click https://app.nairatrader.com/next after passing Phase 1. It takes up to 24hrs.
How do I withdraw affiliate commission?
To request a cashout, please follow the steps below:
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Log in to your affiliate dashboard.
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Click on “Affiliate Area.”
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Select “Affiliate Cashout.”
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Submit your cashout request.
Important Notes
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We do not support partial withdrawals. Once your request is submitted, you will receive the full available balance in your affiliate dashboard.
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The minimum withdrawal amount is ₦3,000.
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Any affiliate who requests a cashout below ₦3,000 will be banned
How is drawdown calculated?
It is fixed balance drawdown, applied to both floating and closed trades. See https://www.nairatrader.com/analysis.
How is KYC linked to payouts?
Your payout bank details must match your verified KYC account.
How long does affiliate payout take?
We process affiliate commission withdrawals within 24 hours, and often much sooner.
How long does it take to get Phase 2 account?
It takes up to 24 hours after request.
How long does KYC take?
KYC verification takes up to 24 hours after submission.
How long does payout take?
Payouts are processed within 24 hours, often much faster.
How long to receive a funded account after Phase 2?
It takes up to 24 hours after request. Please wait for our email confirmation.
How many days to pass Phase 2?
You have up to 25 days max if using old rules, but currently phases have no time limit.
How often can I withdraw?
You can withdraw multiple times as long as you meet the 10% profit requirement and observe cooldown rules.
Is KYC international?
Currently KYC requires a Nigerian bank account number, so only those with NGN bank accounts can complete it.
Is my certificate tied to KYC?
Yes. Once KYC is verified, your payout certificate is downloadable on the payout page.
Is there a daily loss limit?
No, we have no daily loss limit.
Is there a maximum profit cap?
There is no maximum profit cap; however, a minimum 10% is required. All accounts have unlimited profit potential
Is there a time limit for challenges?
No, currently there is no expiration time. You can trade as long as needed.
What are the benefits of the private group?
Exclusive mentorship, faster payouts, direct access to founders, and networking.
What are the current account sizes and prices?
We offer different account sizes ranging from 200,000 Naira to 1.5 million Naira.
What are your official working hours?
Our working hours are 9am to 5pm, Monday to Friday, Please note that we do not respond to enquiries outside of these hours as well as on Saturdays, Sundays and Public holidays.
What currency are payouts in?
All payouts are in Nigerian Naira, transferred directly to your bank account.
What do I need for KYC?
Only your bank account number is required for KYC verification. Please ensure that the account name matches the name on your NairaTrader profile.
What happens if drawdown temporarily breaks then recovers?
It is still considered a violation once breached, even if trade later recovers.
What happens if I breach rules?
Your account balance is dropped to ₦1 and considered violated.
What happens if I don’t trade for 7 days?
Your account may be terminated for inactivity.
What happens if I hit 10% profit?
You can request to move to next phase or request payout if in funded stage.
What happens if I request payout while trading?
Your payout will be delayed or rejected. Always close trades first.
What happens if I trade during KYC?
Your login details may change. Wait until approval before trading.
What happens if I violate during evaluation?
You may continue trading until you submit request, but violations are checked before approving next stage.
What happens if I violate Phase 2 rules?
Your account will be breached and reset to ₦1 balance.
What happens if I violate rules during funded stage?
Your funded account will be breached and balance dropped to ₦1 if you exceed rules.
What happens if payout not received in 24hrs?
Please contact support at hi@nairatrader.com after the 24hr window.
What if I fail KYC?
You must provide correct bank details to be verified. Without it, payouts are not possible.
What if my countdown has not reset?
You must wait until the 24hr countdown resets to 0 before sending another request.
What instruments are allowed?
All forex pairs, gold, and silver. No BTCUSD, US30, indices, crypto, or energies.
What instruments can I trade?
All forex pairs, Gold, and Silver. Do not trade BTCUSD, US30, indices, energies, or stocks.
What is the affiliate reward structure?
Affiliates
30 sales qualify for a ₦400,000 account
60 sales qualify for an ₦800,000 account
120 sales qualify for a ₦1,500,000 account
What is the maximum drawdown?
20% of starting balance (floating or closed losses).
What is the minimum affiliate payout?
The minimum payout for affiliates is ₦3,000.
What is the minimum payout for affiliates?
Affiliates can withdraw once they reach ₦3,000.
What is the minimum payout for traders?
Minimum payout is 10% of your starting capital.
What is the NairaTrader office address?
Our office is situated on the 2nd Floor at 2 Akin Osiyemi Street, Off Allen Avenue, Ikeja, Lagos
What is the scale-up plan?
Our scale-up plan is straightforward. To qualify for scaling up, you must meet the following criteria:
1. Achieve a 100% profit on your funded account.
2. Complete a minimum of four withdrawals.
3. Note that the maximum scale-up allowed is 100%.
4. Maintain a minimum of one month of active trading.
What is the trading time limit?
Older rules said 50 days per phase; now unlimited trading days.
What leverage do you offer
We have 1:100 leverage
What leverage do you provide?
Leverage of 1:100 on all our accounts
What perks do top affiliates get?
Affiliates with more than ₦10,000 in commission can join our private WhatsApp group with direct support, faster payouts, and mentorship.
What platforms do you use for community?
We have Telegram and WhatsApp groups. We are not on Discord yet. We also post updates on TikTok, Instagram, and Twitter (X).
When is KYC required?
KYC is required once you reach funded stage with at least 10% profit.
Where can affiliates track earnings?
Login to your affiliate dashboard at https://app.nairatrader.com/affiliate-home/ to view commissions and earnings.
Why do I need to reset before Phase 2?
To maintain orderliness and separate phase balances.
Why do I see live trades on my account that I didn’t make?
Kindly note that we do not interfere with our customers’ trades. For this reason, we always encourage all traders to change their passwords immediately after purchasing an account.
To assist you further with your inquiry regarding the open trade you did not place, please provide the following details:
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Your MT5 trading account number
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The Order ID of the trade in question
You can send this information to our support email at hi@nairatrader.com.
Why must every MT5 account undergo KYC?
KYC links accounts to your personal bank account for secure payouts.