There are currently no account limits for trading or deposits to Tradefada. Limits for withdrawals and transfers between Tradefada accounts depend on your verification level. 


PLEASE NOTE: Due to Anti Money Laundering (AML) regulations, accounts must have a Level 2 Verification Level for us to accept deposits or withdrawals of fiat Nigerian Naira (NGN). 


Level 1 Verification – Withdrawal and Transfer Limit

 

Level 1 verification is achieved during the registration process once you click the link on the Registration Confirmation email sent to your registered email address. Every Tradefada account has access to all functions and features on Tradefada once the account is activated at Level 1.

 

Level 1 verified accounts have a withdrawal and transfer limit of 50,000 NGN equivalent of value per 24 hour period*.


Level 2 Verification – Withdrawal and Transfer Limit

 

You can increase the withdrawal and transfer limit on your account by upgrading it to Level 2 verification. See our article 'How do I increase my verification level?' on increasing account verification to Level 2 or 3.

 

Level 2 verified accounts have a withdrawal and transfer limit of 5,000,000 NGN equivalent of value per 24 hour period*.


Level 3 Verification – Withdrawal and Transfer Limit

 

You can request a further increase on the withdrawal and transfer limit on your account by upgrading it to Level 3 verification.  See our article 'How do I increase my verification level?' on increasing account verification to Level 2 or 3.

 

Level 3 verified accounts have a withdrawal and transfer limit of 50,000,000 NGN equivalent of value per 24 hour period*.


PLEASE NOTE: A '24 hour period' means 24 hours from your first withdrawal or transfer. For example, if you make a withdrawal at 4pm on the 8th of January, your 24 hour period runs until 3.59pm 9th of January for that amount. The next 24 hour period will commence with your next withdrawal or transfer.