About Oyo Options

Who runs this desk

Oyo Options is run by a small editorial team that writes, checks and corrects its own pages. We do not publish a staff list, an address or a registration number because we have none of those facts to give you, and inventing them would make every other page here worthless.

What we can tell you is what we do: we read broker documents, test funding routes that work for Nigerian residents, and write up gold trading mechanics in plain English. Where we do not know something, the page says so instead of filling the gap with a number.

What this desk is not

Oyo Options is not a broker, not a bank and not a licensed financial adviser. We do not hold client money, open accounts, place trades or manage funds, and nothing here is personal advice for your situation.

We are not regulated by the SEC Nigeria or any other authority. If you need a regulated party, deal with a broker or adviser that is registered, and confirm any broker on the SEC Nigeria register of capital market operators. FxPro, the broker we write about most, is licensed by the FCA (UK), CySEC and FSCA.

Gold is quoted in US dollars per ounce, and every naira figure on this site is a conversion the reader should check

Gold (XAU/USD) is priced in US dollars per troy ounce, with 1 standard lot equal to 100 oz and one pip equal to 0.01, and the reference price used across this site is approximately 4275.0. Any naira amount you see is a conversion for illustration, not a live quote, and it will move with the USD/NGN rate as well as with gold. The desk states the dollar figure first and treats the naira figure as a reader aid, because the instrument itself is not quoted in naira. If you are funding an account with a local NGN bank transfer or a Visa or Mastercard debit card, the rate your bank or card provider applies is the one that matters, and it may differ from the illustration on the page.

That distinction matters for margin and for pip value. The worked example on this site uses the offshore entity's maximum leverage of up to 1:200 to show that a 0.10-lot gold position needs about $85.50 margin. The same position expressed in naira depends on the exchange rate at the time, so the desk does not present a fixed naira margin figure. One review cited 1:30 and 1:20 caps, which the desk has not verified, and if those caps apply to your account the margin required would be higher. The leverage figure is a cap, not a setting to aim at, and using the maximum available is a risk decision, not a default.

Readers in Nigeria should also keep the regulatory position in view. FxPro is licensed by the FCA (UK), CySEC and FSCA, and the entity that serves Nigeria is FxPro Markets Direct Costa Rica Latam SRL, so the licence that covers your account may not be the one you first think of. The desk repeats the caveat that you should confirm any broker on the SEC Nigeria register of capital market operators. None of this is a reason to trade or not to trade; it is the background you need in order to read the naira illustrations on this site correctly and to check them against your own funding method.

To challenge a published claim, send the page, the sentence and your source, and the desk will reply with its reasoning

Anyone can challenge something published here by emailing the desk with the page address, the exact sentence, and the source or calculation that you believe contradicts it. The desk acknowledges every challenge and aims to reply with a decision and the reasoning behind it. If the challenge shows a number that is wrong or unsupported, the article is corrected and a note is added at the foot of the page saying what changed. If the challenge is about a figure the desk deliberately left open, such as a broker's spread or minimum deposit, the reply will explain why no number is stated and what the figure depends on. You do not need an account or a payment to raise a point.

Challenges are most useful when they point to a specific defect: a figure that does not match the facts sheet, a formula that does not reproduce, a regulator caveat that is out of date, or a sentence that reads as a recommendation when it should read as information. The desk will not debate trading outcomes or give personal advice through the challenge channel, and it will not remove a risk warning because a reader finds it inconvenient. The reviewer who handled the original piece responds first, and if the point is upheld the correction is logged. That log is what the quarterly re-read checks against, so a single challenge can improve several pages at once.

The desk also accepts challenges about tone and framing, not only about numbers. If a paragraph sounds like hype, if a heading promises more than the text delivers, or if a Nigerian reader finds a term unclear, that is a valid point and will be treated as one. The aim is a page a reader can finish without an obvious question left, so a challenge that identifies a missing explanation is as welcome as one that identifies an error. The desk does not publish a person's name in connection with a challenge, and it does not use the channel to collect trading data. Send the page, the sentence and your source, and the desk will do the rest.

The desk is a small editorial team that votes on every gold article before it goes live

Oyo Options is run by a compact editorial desk of writers and a reviewer who specialise in gold (XAU/USD) for Nigerian readers, and no article is published until at least two of them sign off. Decisions are made by majority vote in a weekly planning call, with the reviewer holding a veto only on factual or risk grounds. The desk does not employ sales staff, so no one is rewarded for pushing a particular broker or product. Every piece is checked against the facts sheet for this site before it is scheduled, and any claim that cannot be tied to that sheet is either cut or rewritten as a statement of what it depends on.

Decisions about what to cover start from reader questions and from gaps in the existing pages, not from what a broker wants promoted. The desk keeps a running list of unresolved points, such as the conflicting leverage caps cited in one review for Nigeria, and marks them as unverified rather than picking a number. When two sources disagree, the article says so in plain language and explains why the reader should treat the figure with care. The vote is recorded, so if a piece is later challenged the desk can show what was known at the time and who approved it. That record is what makes corrections possible without guesswork.

The desk works to a fixed review cycle: every gold article is re-read against the facts sheet at least once a quarter, and sooner if a regulator or broker entity changes. The reviewer checks that naira amounts, lot sizes and pip values are consistent with the reference price of 4275.0 and with 1 lot = 100 oz and one pip = 0.01. Any paragraph that opens with a claim not supported by the sheet is sent back. The team does not publish author bylines for individual writers, so the desk as a whole carries responsibility for what appears. That structure is deliberate: it keeps the focus on the method rather than on a personality.

The desk publishes method notes so a reader can see how a conclusion was reached, not just what it was

Each substantial gold article is accompanied by a short method note that lists the inputs used, the facts sheet version it was checked against, and the date of the last review. The note names the reference price of 4275.0, the contract size of 100 oz and the pip value of 0.01 where they are used, and it shows any formula in full so a reader can reproduce the arithmetic. Where a figure is left open because it depends on a broker's terms, the note says which terms and why no number is given. The method note is not a separate opinion; it is the working behind the article, published so that the conclusion can be tested rather than taken on trust.

The note also records what the desk decided not to claim. For Nigeria, that includes the conflicting leverage caps cited in one review, which are marked unverified, and any broker cost that was not on the facts sheet. Recording an omission is as important as recording a calculation, because it stops a later reader from assuming the desk simply missed the point. The method note is reviewed at the same time as the article in the quarterly re-read, and if a new fact changes the working, the note is updated first and the article follows. That order keeps the published conclusion tied to a visible chain of reasoning.

Method notes are written for readers who want to check the desk rather than simply agree with it. They use plain English, keep the instrument code XAU/USD and the pip value 0.01 in Latin characters, and avoid restating the article. If a note is missing from a page you are reading, treat that as a gap and raise it through the challenge process. The desk would rather publish a short note that admits an open question than a confident paragraph with nothing behind it. That is the editorial bargain: the conclusion is only as good as the working a reader can see, and the working is published alongside it.

How the desk is paid

Affiliate links are the only revenue. If you open an account with a broker through a link on this site, the broker may pay us a referral fee, and that is the whole business model. Readers never pay us, and no broker pays us for a rating.

Payment never buys a rating and never hides a weakness. A broker's funding limits, withdrawal friction or unclear documents get written up the same way whether or not there is an affiliate link, because a page that flatters a broker to earn a fee is not worth reading twice.

A number earns its place only if it can be traced to the facts sheet or shown as a calculation

Every number on this site must either appear on the facts sheet or be worked out from numbers that do, and the working must be shown. The reference price of 4275.0, the contract size of 100 oz and the pip value of 0.01 are the fixed inputs; anything else, such as the margin on a 0.10-lot gold position, is presented as a calculation with the inputs named. If a figure depends on a broker's own terms, such as spreads, commissions, swaps or minimum deposits, the article says what the cost consists of and what it depends on instead of stating an amount. That rule is applied without exception, even when a reader asks for a single figure.

The editorial standard also covers numbers that conflict. The leverage position for Nigeria is the clearest case: the site states that up to 1:200 is available via the offshore entity, notes that one review cited 1:30 and 1:20 caps, and labels the conflict as unverified at the time of review. It does not average the figures or choose the one that reads best. The same approach applies to any future conflict: the reader is told what is known, what is not, and why the difference matters for margin. A number that cannot be resolved is still useful if its uncertainty is stated plainly.

Finally, a number is only published if a reader could check it. That means naming the unit (naira, US dollars, ounces, lots), showing the formula where one is used, and keeping the instrument code XAU/USD and the pip value 0.01 in Latin characters so they are not lost in translation. The desk does not use statistics it cannot source, and it does not dress up a broker's marketing figure as an editorial finding. Where a figure is a cap rather than a setting, such as the maximum leverage available, the article says so. The test is simple: if the number were removed, would the sentence still be true and still be useful? If not, it is rewritten.

The site is funded by advertising and affiliate links, and that money buys no influence over the facts sheet

Oyo Options is funded by display advertising and by affiliate links to brokers, including FxPro, and those payments cover the cost of running the desk. The funding does not buy a place on the facts sheet, a better sentence in an article, or a softer treatment of risk. The desk keeps the commercial side separate from the editorial vote: the people who sell advertising do not sit on the planning call and cannot veto a piece. When an affiliate link appears, it is labelled, and the article is written to the same standard whether or not a link is present. No broker has ever been given a preview of a gold article before publication.

What funding does influence is which instruments get covered and how often pages are updated. Gold (XAU/USD) is the focus because readers ask about it and because the desk can maintain the facts sheet accurately, not because a partner demands it. The site does not accept payment for a review, a rating or a placement in a list, and it does not run promotions or bonuses on behalf of a broker. If a commercial arrangement ever threatened those rules, the desk would drop the arrangement rather than change the article. Readers in Nigeria should treat every broker mention as information to check, not as a recommendation, and should confirm any broker on the SEC Nigeria register of capital market operators.

The separation is also visible in what the site does not do. It does not publish minimum deposits, spreads or swap rates as numbers, because those are broker-set and change, and because stating them would blur the line between editorial and sales. It does not promise returns or describe trading as a way to get rich. The funding model is disclosed on this page so a reader can weigh the source: advertising and affiliate income keep the site free, and the editorial standard described above is what stops that income from shaping the content. If you see a sentence that looks like marketing rather than method, the challenge process below is how to raise it.