This information would reveal to you, how you can start the bureau-de-change business without having any start-up capital and without having to go through the rigorous exercise of opening a foreign currency bank account in Nigeria. I understand how stressful that can be for some people.
What is the Currency Arbitrage Trading Business?
The currency arbitrage trading business which is otherwise known as Bureau de change involves the exploitation of the differences in quotes rather than movements in the exchange rates of the currencies in the currency pair. Forex traders typically practice two-currency arbitrage, in which the differences between the spreads of two currencies are exploited.
But currency arbitrage is a forex strategy in which a currency trader takes advantage of different spreads offered by brokers for a particular currency pair by making trades. Different spreads for a currency pair imply disparities between the bid and ask prices. Currency arbitrage involves buying and selling currency pairs from different brokers to take advantage of the mispriced rates.
The purpose of this guide is to show you how to make money from the currency arbitrage system/ bureau de change business even if you don’t have a foreign bank account in Nigeria or a start-up capital to get started.
But you need two things
- Payoneer.com account – You can click here to open one. It’s free!
- Grey.co – You can click here to open a grey.co account which is a foreign bank account for Africans. It’s also free!
Please watch the video below to see the step-by-step guide on how to get started with the Bureau De Change business.
If you find this information useful and valuable, kindly share it with others. Feel free to drop your comments and suggestions in the comment section below.
If you NEED a detailed guide on other ways to make money online legitimately in Nigeria, CLICK HERE
23 comments
I heard that the Payoneer account would need to receive money from freelance sites or payment for services for like $100 before you could send or receive to/fro other wallets or sources.
Please, I need help with the Grey KYC Verification. I keep receiving notification of low memory, what should I do?
Thanks.
Thanks for what you are doing, it’s great!!
You’re indeed creative.. pls here’s my WhatsApp number..09070108987. I’m a student. I really want to gain financial independent and create wealth. I need ur guidance
May God bless you ma
I cannot over thank you
I pray this is nurtured to reality. I will so much appreciate your support and encouragement toward this.
Thanks so much ma for this great information. I’m grateful. God bless. More wisdom and grace unto. Amen
Wow this is great, thanks buh I have a question?how can I find my payoneer account with my local currency that is converting local currency into dollar?thanks
Thanks for sending me this email I will try this out
Waw nice plz how can I get your WhatsApp number plz here is my 09037180381
My challenge has always been a reliable source where I can always buy dollars or pounds at cheaper rate.
Can you please help me on that?
Good morning ma, pls I av a serious issue withy payoneer account. I forgot the email I used and the phone number is no longer available with me
Which platform can one buy payoneer funds?
It’s taste of wealthy, how can I have the number of the leaneryou can inbox me?
Wow genius information
I have an account with payoneer already how do i proceed?
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