Frequently Asked Questions

1. Who can Benefit from AbokiMart Foreign Exchange’s Services?

Any Nigerian business or private client that has foreign exchange requirements (receivable or payable). Typical industry verticals and clients include: We are conveniently integrated with a payment system that works and you can test our service with a small amount to see how it works.

  • Small and medium sized businesses
  • Publicly traded companies (oil and gas and mining)
  • Importers and exporters
  • Manufacturers
  • Wholesalers and distributors
  • Transportation
  • Non-profit organizations
  • Government organizations
  • Accountants, Law firms e.t.c

We are conveniently integrated with a payment system that works and you can test our service with a small amount to see how it works.

2. What is the Amount I am Saving?

With large volume of money exchanged on behalf of thousands of Nigerian businesses and individuals, AbokiMart Foreign Exchange specializes in helping Nigerians save money with better currency exchange rates.

On average, a client can save about 1.5% to 2% of their transaction amount compared to their usual currency exchange rate. This results in several hundreds to thousands of dollars of savings based on your transaction size.

We offer highly competitive currency exchange rates because of our significant number of sellers power and volume agreements with our Nigerian financial institution partners. We simply undercut the bank's high markup.

The exchange rate you get from your bank may include a substantial markup when you actually transact and convert currency. AbokiMart Foreign Exchange has segregated client trust accounts at Nigerian financial institutions and is regulated by NIBSS - your funds are safe.

3. Can you Hold an Exchange Rate for me that I Book?

No. We can not hold an exchange rate for you after your session is closed, because of the market movement

4. Are AbokiMart Foreign Exchange Online Transfers Safe and Guaranteed?

Yes. AbokiMart’s wire transfers are executed through Nigerian financial institutions.  Each wire transfer is subject to a number of verification procedures to ensure accuracy. AbokiMart Foreign Exchange has segregated client accounts at Nigerian financial institutions and funds can be transferred same-day or next business day.

5. Are There any Costs to Register with AbokiMart Foreign Exchange?

No. There are no costs to register with AbokiMart Foreign Exchange. There are no account maintenance fees or any hidden charges. You can test our service with a small amount to see how it works.

6. Are There any Costs to Register with AbokiMart Foreign Exchange?

No. There are no costs to register with AbokiMart Foreign Exchange. There are no account maintenance fees or any hidden charges. You can test our service with a small amount to see how it works.

7. How do I Open an Account?

Our foreign exchange team is just one phone call away and ready to help you open an account. Please call us at 080AbokiMart to speak with a member of our firm or get started here. We are regulated and are required by law to validate the identity of everyone we work with.

8. How long does it take to register?

An account can be opened within five minutes.

9. How Long Does it Take to get Funds Converted?

Transactions are generally processed the same day as the funds are received by AbokiMart Foreign Exchange. Please specify rush if you need your transaction completed quickly.

Visit AbokiMart to book a transaction and lock-in an exchange rate with a seller. A trade confirmation will be sent to you confirming the seller is available with the specified exchange rate and amounts before you transfer any funds to our segregated client trust account.

Send funds by online payment processing from your local bank. Our team will assist you with this. Converted funds are sent back to your account of choice.

We call the banks every morning and ensure our exchange rates are cheaper than the banks.

10. Are There any Transaction Fees?

Yes. But very low, we charge 0.01 of your transaction as our transaction fee. Almost free, right?

Where do i get help

For further help and assistance you can contact our customer care centre. We would be glad to provide solutions to all your questions.

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Safe and Secure

Two-factor authentication (email or authenticator apps) is required for all withdrawals and API usage. Our entire site requires SSL.

Fast & Simple

Registration is quick and easy and the trading platform is very easy to use. You will be making high quality trades in no time.

24/7 Customer Support

We have a fully functional online query handling system to assist you in using our online trading platform.

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