Kano Crypto
How we test

How we test

What we check before a broker is ranked, where our numbers come from, and the limits of our testing.

What we check, and in what order

Every broker page starts with the same question: can a resident of Nigeria open an account, fund it with a local method and withdraw again. A broker that fails that is not ranked, however good its spreads look.

Then, in order: which entity takes the client and who licenses it; the real cost of a round trip on bitcoin; funding and withdrawal methods and their fees; platform support; and what the broker's own documents say about leverage and negative balance protection.

The limits of our testing

We do not have an account with every broker we write about, and we say which ones we have used. Where we have not, the page reports documents and published terms, not experience.

Our calculators use standard contract sizes and the leverage you enter. They are arithmetic, not a simulation of your broker's margin engine.

Where our numbers come from

Costs and conditions come from the broker's own published documents and account pages, with the date we read them. Where a figure is from a third party, we name the third party.

Conditions drift. A spread table read three months ago is not evidence about today, so pages carry the date they were checked and we re-read rather than re-publish.

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FxPro offers MT4, MT5, cTrader and FxPro Edge for BTC/USD, with funding from Nigeria by local bank transfer, Visa or Mastercard debit cards, e-payments and crypto. It is licensed by the FCA (UK), CySEC and FSCA; confirm any broker on the SEC Nigeria register of capital market operators.

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FAQ

Common questions

How do you check the facts you publish?

We check each claim against a fixed set of sourced facts and describe anything unverified in terms of what it depends on rather than inventing a number. Where a figure is disputed, we say so. For example, maximum leverage in Nigeria is up to 1:200 via an offshore entity, but one review cited 1:30/1:20 caps, which is conflicting and not verified at review.

Why do you refuse to publish spreads or minimum deposits as numbers?

Because we were not given verified numbers for them, and inventing one would mislead you. Spreads, commissions, swaps and minimum deposits depend on the broker, the account type, the entity serving you and market conditions at the time. We explain what each cost consists of and what it depends on, and you confirm the live figure with the broker.

What does your margin example actually assume?

The worked figure uses a 0.10-lot bitcoin position at 1:200 via an offshore entity, which needs about $385.00 margin. That is a single illustration of the arithmetic, not a recommendation to use that leverage. Leverage is a cap, not a setting to aim at, and your own margin requirement changes with position size and the price of BTC/USD.

How do the calculators on the site work?

The position size, pip value, margin, profit and pivot point calculators apply standard formulas to the inputs you enter, using 1 lot = 1 BTC and pip = 1.0 for bitcoin. They are arithmetic tools, not forecasts. Output depends entirely on your inputs, and the results are only as good as the price and lot size you type in.

What are the limits of your methodology?

We cover one instrument, bitcoin (BTC/USD), and we work from a limited set of verified facts, so we cannot confirm live broker pricing, execution quality or entity-specific terms. We also cannot verify conflicting leverage reports. Where the facts run out, we say what the answer depends on and point you to the broker and the SEC Nigeria register.