Mobile traders should try to limit the number of open trades and be aware of the charting limitations on their trading app. Mobile devices are designed to be with you when you are doing other things. Trading while you are doing other tasks can be a dangerous game. Trading when you are doing other tasks is a dangerous game.

If you are trading on a mobile device, make sure that you have taken the time and space to judge your trading decisions before following through. While execution speeds on the best mobile trading apps are good, you should not use them for scalping. Mobile networks are getting faster all the time, but there will always be a delay relative to a desktop trading environment. Often, the best move when trading is to do nothing — especially when you are on the move and without access to the tools and charts you have at your desk.

With the convenience of a mobile trading app, there is the danger that you will be tempted to trade too often, and in ways that you would not normally do when at your desk. Mobile trading apps are not a replacement for a desktop platform. While their convenience is undeniable, there is just too much space for distraction and overtrading while on a mobile device.

The best Forex trading apps can achieve some of the aspects of the best trading platforms but will never be able to match a desktop platform for analysis and execution speed. Forex and CFD transactions involve high risk due to the following factors: Over-leveraging, unpredictable market volatility, slippage arising from a lack of liquidity, inadequate trading knowledge or experience, and a lack of regulatory protection for clients.

Traders should not deposit any money that is not disposable. Regardless of how much research you have done, or how confident you are in your trade, there is always a substantial risk of loss. Learn more from the FCA or from ASIC. Our State of the Market Report and Broker Directory are the results of extensive research on over Forex brokers. The explicit goal of these resources is to help traders find the best Forex brokers — and steer them away from the worst ones — with the benefit of accurate and up-to-date information.

With over data points on each broker and over hours of research and review writing, we believe we have succeeded in our goal. In a world where trading conditions and customer support can vary based on where you live, our broker reviews focus on the local trader and give you information about these brokers from your perspective. All research has been conducted by our in-house team of researchers and writers, gathering information from various company representatives, websites and sifting through the fine print.

Learn more about how we rank brokers. References Here are the resources that were used to research and write this article. Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page. By Chris Cammack. AvaTrade - Best Forex Trading App HFM HotForex - Best App for Forex Analysis FBS - Highest Leverage Mobile Trading XM - Fastest Execution Speed Skilling - Best Trading App for Beginners IC Markets - Best cTrader Mobile Experience markets.

com - Most Instruments to Trade in an App XTB - Best Regulated Trading App FXTM - Best App for Automated Trading. Best Forex Trading Apps Scroll for more details. Overall Rating. Official Site. Mobile App. Apple Score. Google Score. Analytical Tools. Forex Calendar. Forex Analysis News Feed. Watch List. Cross Device Syncing. Charting - Draw Trendlines. Charting - Drawings Autosave. Charting - Multiple Time Frames. Charting - Trendlines Moveable. How to Choose a Forex Trading App Forex trading apps are all different, but the best apps will have fast trade execution speeds, comprehensive functionality, platform stability and the full range of assets to trade.

Good for beginners Well regulated Low minimum deposit. Dealing desk Limited market analysis. Visit Broker Read Review. Accepts Nigerian Clients. Max leverage Islamic account available. AvaTrade Group regulated by ASIC, FSCA, B.

HFM formerly known as HotForex — Best App for Forex Analysis HFM offers trading on Forex, commodities, indices, shares, bonds, and ETFs through the HFM HF App. HF APP FEATURES Micro Account: with a 5 USD minimum deposit, fast market execution and spreads starting at 1 pip. Trading calculators, an economic calendar, and information on upcoming live webinars with reservation functionality. A dedicated section for copy-trading: Monitor the status of investments, allocate funds and manage your portfolio.

Low minimum deposit Tight spreads Well regulated Good range of accounts. HF Markets Group regulated by the FSCA, FCA, FSC, CySEC and the DFSA. FBS TRADER FEATURES More than global and local payment methods. Tight spreads Low minimum deposit Excellent education Excellent market analysis. Limited range of assets Extreme leverage. FBS is regulated by ASIC, CySEC, the FSCA, and the IFSC. XM — Fastest Execution Speed XM is a well-regulated broker supporting MT4 and MT5 native XM apps with three account types: A Micro Account, Standard Account and a commission-based XM Zero Account with super-tight spreads.

No re-requotes or rejections of orders. Well regulated Excellent education Free deposits and withdrawals. Dealing desk Wide spreads on its entry-level accounts. XM Group regulated by CySEC, ASIC, and the IFSC.

Skilling — Best Trading App for Beginners Available on both Android and iOS devices, the Skilling Trader app is well-designed. SKILLING TRADER FEATURES Spreads starting at 0. Two Platforms: Seamless integration between Skilling Trader and cTrader, The choice of two platforms from a single trading account with the same margin, same wallet, and same trading conditions.

Copy trading accounts Tight spreads Great platform choice. No swap-free account option Limited education. MT4, Skilling, and cTrader platforms supported. Skilling is regulated by CySEC, the FCA, and the FSA-Seychelles. IC Markets — Best cTrader Mobile Experience IC Markets is an Australian ECN broker with two Raw Spread Accounts and a Standard Account, all with variable spreads, on the MT4, MT5 and cTrader platforms. Well regulated Tight spreads Wide range of assets Great platform choice.

High minimum deposit Limited market analysis. IC Markets is regulated by CySEC, ASIC, and the FSA. com — Most Instruments to Trade in an App Markets. MARKETSX FEATURES Low trading costs, with spreads starting at 0. Over global shares, 67 currency pairs, 41 global indices, 27 commodities including everything from gold and copper to wheat, cotton, and heating oil , 60 ETFs, 7 cryptocurrencies, and 4 government bonds. Blends are stock baskets of industry-leading companies.

Built-in advanced charting — trendlines, channels, pitchforks, Fibonacci Retracements, and more. A range of tools that use data from leading analysts, hedge funds, and commentators. Each tool has integrated buy and sell buttons. Well regulated Tight spreads Wide range of assets Fast and free withdrawals. MT4, MT5, and Marketsx platforms supported. com is regulated by the FCA, CySEC, ASIC, and the BVI FSC.

Fully customisable layout. Traders can also choose between light and dark mode, saving battery and keeping clarity. Well regulated Tight spreads Low minimum deposit Good for beginners.

xStation5 platform supported. XTB Group is regulated by CySEC, FCA, the DFSA, and the IFSC. Good for beginners Excellent education Well regulated Low minimum deposit Copy trading accounts.

Leverage offered can vary depending on country of residence, and your trading knowledge and experience. FXTM is regulated by CySEC, FCA, FSCA, and the FSC. HFM MetaTrader 4, MetaTrader 5 FSCA, CySEC, DFSA, FSA, FCA, FSC Yes No Yes No No Yes 3. OctaFX MetaTrader 4, MetaTrader 5, OctaFX App CySEC, SVG FSA Yes No Yes No No Yes 4.

FBS FBS Trader, MetaTrader 4, MetaTrader 5, CopyTrade Platform IFSC, CySEC Yes No Yes No Yes Yes 6. Alpari MetaTrader 4, MetaTrader 5, Alpari Trading App FSC No Yes Yes Yes Yes Yes 7. eToro eToro trading app and web-based platform CySEC, FCA, ASIC, FinCEN, FINRA, SIPC, DNB, FSA Yes No Yes No No Yes 8.

IC Markets MetaTrader 4, MetaTrader 5, cTrader ASIC, CySEC, FSA, SCB No No No No No Yes 9. AvaTrade AvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade CBI, BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA Yes No Yes No No Yes InstaForex MetaTrader 4, MetaTrader 5, InstaForex Platform FSC, SIBA, BVI Yes No Yes No Yes Yes. HFM — Best MetaTrader 4 App for Scalping. OctaFX — Lowest Stock Trading Fees. XM — Fastest Order Execution App.

FBS — Highest Leverage Trading app for Nigerians. Alpari App — Lowest NGN Pair Spreads. eToro — Best Social Trading App for beginners. IC Markets cTrader — Best App for Advanced Traders. AvaTrade — Excellent all-around app experience. InstaForex — Best in App No-Deposit Forex Bonus in Nigeria. Overall Rating. Min Deposit. CySec, FSCA. Trading Desk. MetaTrader 4 and MetaTrader 5. Total Pairs. Islamic Account. Trading Fees. Account Activation Time.

Read Review. CySEC, FSC, FSCA. FCA UK. XM Trading Point. IFSC, CySec, ASIC. Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform. No Just spread. USD 1 NGN. IFSC, FSCA south africa , ASIC, CySEC. MetaTrader 4, MetaTrader 5, FBS Trader — all in one mobile trading platform. Welcome Bonus. Alpari App.

MetaTrader 4. CySec, FCA. IC Markets cTrader. Metatrader 4. ASIC, FSA. MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central.

CySEC, FSC. Overview These retail traders rely on a series of trading apps to provide them with an in-depth market analysis on the Nigerian naira and other currency pairs, technical analysis, fundamental analysis, foreign currency quotes, demo accounts, Nigerian trading account management, and several other useful features. Top 10 Brokers in Nigeria. Sign Up Bonus. Open Account.

FSA, FCA, CySEC, FSCA. CySEC, FSC, CFTC. FSA, FSCA. FSA, CySec. IFSC, CySEC. FSC, IFSC, MFSC. CySec, FSC, FSA, BaFin, NFA. Top 10 Brokers. Regulations and Licenses This is the first important component that traders must thoroughly evaluate. Account Features Account Features includes leverage trading and margin requirement, commissions and spreads, initial deposit, additional features on retail investor accounts, and so on.

Deposits and Withdrawals Nigerians must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits among other trading and non-trading fees. Range of Markets The range of markets offered refers to the number and range of tradable instruments that the broker offers.

Customer Support Customer Support is another crucial factor and Nigerians must check the availability of support trading hours , the quality of support, and the promptness with which the customer support team responds to queries. Education and Research Education and Research come in handy to both novice traders and experienced investors.

Frequently Asked Questions How do Nigerians choose the right trading app? What should Nigerian traders look for in a trading app? Which is the best trading app for beginners in Nigeria? What are the advantages of a forex trading app? The advantages include convenience, mobility, and quick response times.

What are the disadvantages of a forex trading app? Is forex trading legal in Nigeria? Yes, forex trading is legal in Nigeria. Which payment methods do brokers typically offer in Nigeria? Table of Contents. Download our FREE Forex Guide Ebook.

Get Your Free Ebook. Most Popular. About Us. Contact Us. Facebook Twitter Linkedin Pinterest Youtube. All Rights Reserved. Be the first to rate us on Trustpilot — click below! Best MT4 Broker with the Lowest Fees. FREE Video Trading Tutorials. Accepts Nigerian Traders. com Review Roboforex Review IC Markets Review Forex.

com Review Axi Review GT. io Review Etoro Review Plus Review Instaforex Review Naga Review Top 12 Rated Brokers 🥇Exness Review IG Review TD Ameritrade Review Admiral Markets Review FXCM Review Liteforex Review Fidelity Review Capital. com Review ACY Review NinjaTrader Review OspreyFX Review Liteforex Review Crypto Best Crypto Trading Platforms Best apps for Cryptocurrency trading Best Bitcoin Trading Platforms How to trade Crypto Ethereum Trading Platforms Crypto brokers for Beginners Crypto Trading Robots 10 Best Cryptocurrency Stocks to Buy in Nigeria Crypto Farming Pairs What Cryptocurrency Staking is in Nigeria Best Cryptocurrency Brokers How to buy Bitcoin with PayPal in Nigeria What are NFTs in Nigeria What are Decentralized Applications dApps in Nigeria  What Cross-Chain Bridges are in Nigeria How to Invest in NFTs in Nigeria 10 Best NFT Trading Platforms in Nigeria What is DeFi Lending in Nigeria 7 Best DeFi Trading Platforms in Nigeria What is DeFi Yield Farming in Nigeria Guides Step by Step Guides How to Trade forex How much money do you need to trade forex in Nigeria.

How to trade Crypto Best Time to Trade How to succeed as a trader Is forex trading legal in Nigeria? Best Currencies Pairs to Trade in Nigeria What is Web3? How to invest in Web3 Web3 Stocks to buy Terminology What is Forex Leveraging What is a Pip? What is a Spread? What is Day Trading? What is Scalping? What is Swing Trading? Webinars 🔒 OPEN AN ACCOUNT. Fund your trading account in Nigerian Naira. Get Started. CySEC , FSCA , FCA, FSC. FBS Trader, MetaTrader 4, MetaTrader 5, CopyTrade Platform.

IC Markets. MetaTrader 4, MetaTrader 5, cTrader. AvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade.

CBI, BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA. Precious Metals, Stock Trading, Stock CFDs, Indices, Forex Indices, Forex Currency Pairs, Commodities, Stock Baskets.

Spreads, commission, minimum deposit, overnight fees, withdrawal fees, inactivity fees. Forex Currency Pairs, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs.

Metatrader 4 Google Play — , Votes MetaTrader 5 Google Play — , Votes MetaTrader 4 App Store — 56, Reviews MetaTrader 5 App Store — 13, Reviews.

Metatrader 4 Google Play — 4.

Home » Forex Brokers » Best Forex Trading Apps in Nigeria. The 10 Best Forex Trading Apps for Nigerians revealed. We tested the best IOS and Android apps available for Nigerian Traders. This is a complete guide to forex and stock trading apps in Nigeria. FXTM is a well-known forex broker that strives to provide its Nigerian traders with the greatest trading environment and tools possible to assist them in achieving their trading objectives.

The broker offers MetaTrader 4 and MetaTrader 5 as its principal forex trading platforms , as well as a variety of alternative trading platforms, including a web-based platform, mobile applications for Android and iOS, and API services. With the FXTM app, Nigerian traders can view exchange rates, real-time quotes, open positions, and several other account metrics and trading activities.

The FXTM trading app is ideal for Nigerian traders, regardless of whether they are experienced traders or complete newbies. The interface is user-friendly and there is an array of options offered, including technical analysis, charting tools with built-in technical indicators, over 2, custom indicators, and more. Another top trading app for Nigerian traders is the HFM mobile app through MetaTrader 4 and MetaTrader 5 that offers a copy-trading feature through HFcopy and PAMM copy-trading.

With the mobile app, Nigerians can trade a wide range of instruments spread across several asset classes. Traders have access to fast order execution, advanced charting, in-app fund transfer, market news, analysis that is published by the broker, and much more. The HFM MetaTrader apps offer Nigerian traders the best in the trading industry. They are both ideal for beginner and advanced traders and offer a significant number of features, competitive trading conditions, and more.

OctaFX is one of the best forex trading apps available to Nigerian traders because it offers the best design, dot mapping features, and the lowest fees in the industry. In addition, the app also has custom indicators, expert advisors, VPN service, and more. OctaFX is one of the best brokers that offer a proprietary trading app to Nigerian traders. OctaFX charges some of the lowest trading costs in the industry, far less than its competitors.

Of all the forex trading apps on the list, XM offers the most superior order execution in Nigeria. In addition to this, XM also offers a wide range of educational materials and research tools. With XM Trading Point, Nigerians can expect tight spreads, low minimum deposits, and a range of tradable financial markets. XM is a multi-regulated broker that is known for its comprehensive trading service, low trading fees, and the access it grants retail investors to stock exchanges, forex markets, and a wide array of other financial instruments.

The XM mobile trading app offers economic calendars, algorithmic trading , margin trading, and a wide range of other advanced tools and analytical tools, making it a perfect fit for Nigerian users.

From the list of best trading apps for Nigerian traders, FBS is one of few that offer high leverage up to , providing traders with the opportunity to open larger position sizes. However, traders are urged to proceed with caution and to use risk management tools and protocols. When dealing with FBS, Nigerian traders can expect a wide range of tradable instruments, a choice between several types of accounts, instant withdrawal requests, and low minimum deposits. FBS is a reputable online broker for Nigerian users because of its minimum investment amount, range of technical indicators, and several advanced features.

The online trading platform provides access to more than one financial market and Nigerians can expect access to stock markets, foreign exchange markets, and several other investment opportunities.

FBS charges some of the lowest spreads and currency rates as part of competitive trading conditions. FBS Trader also offers financial news, financial services, and advanced market analysis.

Alpari is a broker with Nigerian-based offices that cater for beginner traders and professional traders from the region, offering tailored trading services and solutions. Alpari is available across several trading platforms including desktop, mobile, and web-based trading.

Alpari not only offers some of the lowest and most competitive spreads but also offers the best-localized customer support for Nigerian traders through its local office.

When it comes to social trading and investing platforms, eToro was one of the earliest and most successful. eToro is the best choice for active traders and social traders, regardless of their level of experience. IC Markets is a reputable forex broker that is well-regulated by several entities such as ASIC, FSA, SCB, CySEC, and FSA. IC Markets offers some of the most advanced trading tools to experienced traders in Nigeria including technical indicators, trading ideas, and comprehensive trading services.

In addition, advanced traders can also use a range of trading strategies including automated trading strategies, scalping, hedging, expert advisors, and several others. Through IC Markets, Nigerians can access a safe, well-regulated trading environment in which client funds are protected.

The mobile app is robust and offers a decent selection of tradable instruments, decent liquidity, and social trading opportunities. AvaTrade is trusted forex and CFD trading broker that is recognized for offering its customers the best trading tools and resources.

Some of the features that AvaTradeGO offer to Nigerian traders include intuitive position management tools, charting capabilities, educational material, and more. Additional noteworthy apps from AvaTrade include:.

Here, traders can express their market view using either calls or puts and they can execute straddles, strangles, risk reversals, and several other strategies. This app also includes professional risk management tools, portfolio simulation, and several other features. AvaTrade is one of the best brokers for traders around the world despite their level of experience.

The proprietary apps offer a range of instruments, fast deposits and withdrawals, and several trading opportunities for Nigerians. InstaForex offers a broad variety of services for traders at all levels of expertise. InstaForex has a decent market share in Nigeria and offers comprehensive mobile trading across several financial markets. InstaForex is a top-rated broker that offers various benefits and extra tools through its proprietary trading app, making it the perfect mobile trading companion for Nigerian traders.

These retail traders rely on a series of trading apps to provide them with an in-depth market analysis on the Nigerian naira and other currency pairs, technical analysis, fundamental analysis, foreign currency quotes, demo accounts, Nigerian trading account management, and several other useful features.

FSCA, FSA, CySEC, FCA, CBCS, FSC BVI , FSC. IIROC, ASIC, CFTC, NFA, FCA, FFAJ, MAS, MFSA. Finding the right app to suit your unique trading objectives, trading strategies, and styles can be tedious and time-consuming.

We have simplified the process by gathering some of the best trading apps for Nigerians to try out right now! This is the first important component that traders must thoroughly evaluate.

Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others. Nigerians must beware when dealing with brokers that only have offshore regulation such as FSA, SVG BVI, FSC, and others.

Account Features includes leverage trading and margin requirement, commissions and spreads, initial deposit, additional features on retail investor accounts, and so on.

Nigerians must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits among other trading and non-trading fees.

The range of markets offered refers to the number and range of tradable instruments that the broker offers. Nigerians must consider what they wish to trade and what is available. Customer Support is another crucial factor and Nigerians must check the availability of support trading hours , the quality of support, and the promptness with which the customer support team responds to queries.

Traders must ensure that the trading platform has the necessary technical indicators, fundamental analysis, technical analysis, economic calendar, charting, newsfeed, and other tools they may need. Education and Research come in handy to both novice traders and experienced investors. Education includes some of the following:. Research can include some of the following:. Traders must first understand their unique trading objectives and needs. Next, they can consider the trading apps that are available to them and select accordingly.

Traders can consider the trade execution speed, full functionality and additional features, platform stability, and the range of markets offered. AvaTradeGO is the best trading app for beginners in Nigeria, it was voted the best forex trading app in The advantages relate to smaller trading screens, external distractions, slow execution speed and latency, and the risk of overtrading.

This will differ between brokers, but most offer bank transfer, international bank transfer, Neteller, Skrill, AstroPay, and various other payment methods that can be used. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Windsor Brokers Review. FXChoice Review. Scope Markets Review. FXPesa Review. Weltrade Review.

How to Invest in Bitcoin in Nigeria. How to Invest in Crypto in Nigeria. Take advantage of low trading costs with no transaction fees or currency exchange rates. Best Trading Platform. Forex Trading Platforms.

Broker Reviews. OPEN AN ACCOUNT. How to choose the best FREE app for your trading style How to compare the apps — iOS vs Android. How to install and download the app with one click. Which trading apps offer MetaTrader 4 or 5? Who is our 1 recommended App in Nigeria for Beginners Which trading apps offer a demo account. Best forex app for PC for currency trading.

Which broker offers a sign-up bonus for first-time traders? Louis Schoeman. Updated : September 5, Swipe left to view table. FXTM MetaTrader 4, MetaTrader 5, FXTM Trader CySEC , FSCA , FCA, FSC Yes Yes Yes Yes Yes Yes 2. HFM MetaTrader 4, MetaTrader 5 FSCA, CySEC, DFSA, FSA, FCA, FSC Yes No Yes No No Yes 3. OctaFX MetaTrader 4, MetaTrader 5, OctaFX App CySEC, SVG FSA Yes No Yes No No Yes 4. FBS FBS Trader, MetaTrader 4, MetaTrader 5, CopyTrade Platform IFSC, CySEC Yes No Yes No Yes Yes 6.

Safety — Exness was founded in and they are registered in Seychelles as Nymstar Limited. Their platform supports mutiple charts, order types, and EAs for automated trading. Fees Although, it is not the only factor to consider in trading but is a very important aspect. Their support is good as per our tests. XM does not charge deposit and withdrawal fees, and no commissions for opening positions or closing them. Which Forex Trading App is the Best in Nigeria? IC Markets.

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