Finding the best online trading app as a Nigerian can be a difficult process. Most Especially getting the ones that accept Nigerian forex traders and would let you download them on your android or ios device. Don’t worry, we’ve got you covered!

We’ve listed the top best online forex trading apps that would let you as a Nigerian trader, trade Forex and Stocks.

Here’s a breakdown of the top 10 best forex trading apps in Nigeria:

  1. XM – Best Overall Forex Trading App In Nigeria.
  2. IQ Option – Ideal FX App For Beginner Traders.
  3. HotForex – Most Trusted Forex Trading App.
  4. IC Markets – Best Forex App With The Lowest Spreads.
  5. FXTM – Best Forex App For Online Trading.
  6. OctaFX – Award Winning International Forex App.
  7. Alpari – Ideal App For Dedicated Forex Day Traders.
  8. eToro – Best App For Forex Copy Trading.
  9. Olymp Trade – Best Reliable Forex Trading App.
  10. ExpertOption – Best Online Forex Trading App Experience.

Best forex trading apps in Nigeria video

Below is the list of all the best forex trading apps that accept Nigerian traders. We’ve also included the pros & cons of each of the forex trading apps with links to download them on your device.

XM App

9.6

Trading Experience

9.6/10

Customer Support

9.4/10

Mobile Trading

9.6/10

Asset Coverage

9.6/10

Funding/Withdrawal

9.7/10

Fees

9.3/10

Security

9.7/10

Pros

  • Regulated By ASIC, CySEC and IFSC
  • Foundation Year: 2009
  • Min. Deposit: $5
  • Min. Trade: 0.01 Micro lots
  • Max. Leverage: 1:888
  • Lowest Spreads: 0.1 Pips on Currencies
  • Trading Platforms: MT4, MT5, Android, iOS, Windows & Mac OS
  • Zero Commission On All Trades
  • A Solid Educational Offering For Beginner Traders With Daily Interactive Live Trading Rooms
  • Great Customer Support & Fast Withdrawals

Cons

  • No Forex ECN Account


IQ Option App

9.3

Trading Experience

9.8/10

Customer Support

8.5/10

Mobile Trading

9.5/10

Asset Coverage

9.5/10

Funding/Withdrawal

9.0/10

Fees

9.0/10

Security

9.9/10

Pros

  • Regulated By FCA, MiFID and CySEC
  • Foundation Year: 2013
  • Min. Deposit: $10
  • Min. Trade: $1
  • Max. Leverage: 1:1000
  • Lowest Spreads: 0.6 Pips on Currencies
  • Trading Platforms: Android, iOS, Windows & Mac OS
  • Margin Trading
  • Beginner Friendly

Cons

  • MetaTrader Or CTrader Platforms Not Offered
  • Not The Highest Leverage On The Market
  • Limited To Certain Jurisdictions


HotForex App

9.3

Trading Experience

9.3/10

Customer Support

9.3/10

Mobile Trading

9.4/10

Asset Coverage

9.0/10

Funding/Withdrawal

9.3/10

Fees

9.2/10

Security

9.5/10

Pros

  • Regulated By CySEC, DFSA, FCA, FSA-SC, FSCA
  • Foundation Year: 2010
  • Min. Deposit: $5
  • Min. Trade: 0.01 Lots
  • Max. Leverage: 1:1000
  • Lowest Spreads: 0.0 Pips on Currencies
  • Trading Platforms: MT4, MT5, Android, iOS, Windows & Mac OS
  • Commission-Free Trading Accounts Available
  • Lots Of Premium MetaTrader Tools And Indicators Such as AutoChartist
  • Great Customer Support and Beginner Friendly

Cons

  • Only 56 Shares Are Available


IC Markets App

9.2

Trading Experience

9.7/10

Customer Support

9.3/10

Mobile Trading

9.4/10

Asset Coverage

9.1/10

Funding/Withdrawal

9.3/10

Fees

8.7/10

Security

9.0/10

Pros

  • Regulated By ASIC, CySEC and FSA-SC
  • Foundation Year: 2007
  • Min. Deposit: $200
  • Min. Trade: 0.01 Lots
  • Max. Leverage: 1:500
  • Lowest Spreads: 0.0 Pips on Currencies
  • Trading Platforms: cTrader, MT4, MT5, Android, iOS, Windows & Mac OS
  • Commission-Free Trading Available
  • Raw Spread Accounts With Institutional Grade Liquidity Available
  • Impressive Library Of Educational Material and Videos

Cons

  • Beginner Traders May Be Overwhelmed By the Choice Of Markets and Platforms


FXTM App

8.8

Trading Experience

8.8/10

Customer Support

8.7/10

Mobile Trading

8.8/10

Asset Coverage

8.7/10

Funding/Withdrawal

8.4/10

Fees

8.9/10

Security

9.0/10

Pros

  • Regulated By CySEC, FCA and FSC
  • Foundation Year: 2011
  • Min. Deposit: $10
  • Min. Trade: 0.01 Lots
  • Max. Leverage: 1:1000
  • Lowest Spreads: 0.3 Pips on Currencies
  • Trading Platforms: MT4, MT5, Android, iOS, Windows & Mac OS
  • Offers Both ECN and Standard Accounts
  • Impressive Research and Education Services

Cons

  • Traders From USA, Canada and Iran Not Welcomed


OctaFX App

8.6

Trading Experience

8.8/10

Customer Support

9.0/10

Mobile Trading

7.5/10

Asset Coverage

8.6/10

Funding/Withdrawal

8.4/10

Fees

8.4/10

Security

9.3/10

Pros

  • Regulated By CySEC
  • Foundation Year: 2011
  • Min. Deposit: $10
  • Min. Trade: 0.01 Micro lots
  • Max. Leverage: 1:500
  • Lowest Spreads: 0.1 Pips on Currencies
  • Trading Platforms: MT4, MT5, cTrader, Android, iOS, Windows & Mac OS
  • Wide Range Of Trading Accounts
  • Forex ECN Account Available
  • Access Copy Trading, Bonus Promotions and Research Tools

Cons

  • Limited Commodity Markets, No Individual Stock CFDs


Alpari App

9.1

Trading Experience

9.3/10

Customer Support

9.4/10

Mobile Trading

8.9/10

Asset Coverage

9.3/10

Funding/Withdrawal

9.1/10

Fees

8.6/10

Security

9.3/10

Pros

  • Regulated By FSC
  • Foundation Year: 1998
  • Min. Deposit: $5
  • Min. Trade: 0.01 Lots
  • Max. Leverage: 1:1000
  • Lowest Spreads: 0.1 Pips on Currencies & 0 Pips on ECN Accounts
  • Trading Platforms: MT4, MT5, Android, iOS, Windows & Mac OS
  • Both ECN and Standard Accounts Available
  • Access the Alpari Copy Trading Programme
  • Wide Range Of Trading Accounts, Some Offering Commission-Free Trading

Cons

  • Non-Existent Research Tools
  • Traders From USA, Canada and Iran Not Welcomed


eToro App

9.1

Trading Experience

9.9/10

Customer Support

9.1/10

Mobile Trading

9.1/10

Asset Coverage

8.9/10

Funding/Withdrawal

8.8/10

Fees

8.4/10

Security

9.2/10

Pros

  • Regulated By ASIC, CySEC, FCA and MiFID
  • Foundation Year: 2007
  • Min. Deposit: $200
  • Min. Trade: $1
  • Max. Leverage: 1:30
  • Lowest Spreads: 1.0 Pips on Currencies
  • Trading Platforms: cTrader, Android, iOS, Windows & Mac OS
  • Best Overall Copy Trading Broker
  • Innovative Trading Platform
  • Ability To Earn 2% Management Fee as an Investor Trader

Cons

  • Does Not Have The MetaTrader Platform


Olymp Trade App

8.6

Trading Experience

9.0/10

Customer Support

7.5/10

Mobile Trading

8.6/10

Asset Coverage

8.2/10

Funding/Withdrawal

8.6/10

Fees

8.5/10

Security

9.5/10

Pros

  • Regulated By CySEC
  • Foundation Year: 2014
  • Min. Deposit: $10
  • Min. Trade: $1
  • Max. Leverage: 1:1000
  • Lowest Spreads: 0.7 Pips on Currencies
  • Trading Platforms: MT4, MT5, Android, iOS, Windows & Mac OS
  • Extensive Asset Coverage
  • European Regulation
  • Beginner Friendly

Cons

  • Limited To Certain Jurisdictions


ExpertOption App

8.9

Trading Experience

9.3/10

Customer Support

8.9/10

Mobile Trading

9.3/10

Asset Coverage

7.5/10

Funding/Withdrawal

8.8/10

Fees

8.8/10

Security

9.7/10

Pros

  • Regulated By FMRRC, VFSC, MiFID and CySEC
  • Foundation Year: 2014
  • Min. Deposit: $10
  • Min. Trade: $1
  • Max. Leverage: 1:500
  • Lowest Spreads: 0.5 Pips on Currencies
  • Trading Platforms: Android, iOS, Windows & Mac OS
  • Extensive Asset Coverage
  • European Regulation
  • Best For Beginners

Cons

  • MetaTrader Or CTrader Platforms Not Offered
  • Not The Highest Leverage On The Market
  • Limited To Certain Jurisdictions