Many traders in Nigeria use mobile apps to trade. Many brokers operate in this country, each offering their own platform. Before making a choice, it is important to evaluate apps to find the one that perfectly suits your goals and strategy. TU analysts compared Top 5 mobile apps. You will be able to choose the Best Futures Trading App in Nigeria for 2025, based on our assessments.
FxPro is a reliable broker company that offers market access to all traders, regardless of their level of knowledge and experience. Broker's clients are protected from negative balance; their activities are carried out in comfortable conditions and with competent professional support.
FBS is a broker for those who appreciate a variety of trading instruments and prompt support. The company is suitable for both beginners and experienced traders working on PCs and smartphones.
Pepperstone is particularly suitable for novice market participants as well as more seasoned trading professionals. In general, the Pepperstone platform offers everything novice traders need for comfortable trading such as favorable conditions, reliability, a wide selection of trading options, along with an assortment of first rate educational materials.
Equiti offers favorable trading terms for both beginners and experienced traders, as well as investors.
IFC Markets is a mid-level broker with interesting innovative developments. The broker will be of interest to those seeking new trading products and original solutions.
Best Futures Trading App in Nigeria for 2025
| FxPro | FBS | Pepperstone | Equiti Group Ltd | IFC Markets | |
|---|---|---|---|---|---|
|
Trading platform |
MT4, Mobile Trading, MT5, cTrader, FxPro Edge |
MT4, Mobile Trading, MT5, FBS app |
MT4, Mobile Trading, WebTrader, cTrader, MT5, TradingView |
EQTrader, MetaTrader4 |
MT4, MT5, NetTradeX |
|
Min deposit |
$100 |
$5 |
$1 |
$500 |
$1 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
|
Trust management |
No |
No |
No |
No |
No |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
|
Spread |
From 0 points |
From 1 point |
From 0 points |
From 0 points |
From 0.4 points |
|
Level of margin call / stop out |
25% / 20% |
40% / 20% |
90% / 20% |
100% / 30% |
No |
|
Execution of orders |
Market Execution |
Market Execution |
Instant Execution |
Market Execution, ECN |
Market Execution, Instant Execution |
|
No deposit bonus |
No |
No |
No |
No |
No |
|
Cent accounts |
No |
No |
No |
No |
Yes |
1
Best Futures Apps in Nigeria - FxPro
FxPro is a well-established broker offering traders access to over 2,100 financial instruments across multiple asset classes, including Forex, stocks, commodities, indices, and cryptocurrencies. It is regulated by reputable authorities – FCA, CySEC and others.
The broker stands out with its focus on technology and offers an average order execution speed of 14-30 ms, setting a market benchmark. FxPro also provides an impressive suite of trading tools and educational resources, such as Trading Central analytics. The minimum deposit of $100, however, is higher than some competitors.
With a company capital exceeding 100 million euro, and a track record of reliability, FxPro stands out as a top-tier choice for traders looking for a secure and dynamic trading environment.
👍 Advantages of trading with FxPro for traders in Nigeria:
•Negative Balance Protection of a client on a real account is a unique broker service. It has an automated transaction monitoring and a risk management system, the capital is guaranteed not to go into a negative balance;
•insurance of client funds at the expense of the broker participation in an investor compensation fund;
•beginner traders will be able to access tested advisors;
•a full package of services is available to the client regardless of the balance of his account;
•VIP account holders are offered a personal manager and get a Free VPS;
•company capital exceeds 100 million euros;
•offers swap-free accounts for customers whose religious beliefs do not permit swapping eg. Islamic traders;
•the reliable trading environment provided by the competent educational and research department.
👎 Disadvantages of FxPro for traders in Nigeria:
•it is not the best choice for beginner traders who are looking for their first broker as the minimum deposit of $100 is considered high;
•difficulties registering in an affiliate program.
2
Best Futures Apps in Nigeria - FBS
FBS is an international broker with a strong presence in Asia, offering a wide range of trading instruments including Forex, stocks, indices, energies, and metals. With over 90 international awards and 27 million clients across 150 countries, FBS boasts a strong global reputation.
The company provides flexible trading conditions: leverage up to 1:3000, floating spreads from 0.7 pips, commission-free trading, and fast execution speeds starting at 0.01 seconds. FBS ensures client security with negative balance protection and offers a user-friendly experience on familiar trading platforms.
While FBS doesn't currently offer cryptocurrency trading or passive income options like PAMM accounts and copy trading, its competitive conditions and extensive educational resources make it a compelling choice for traders seeking a comprehensive and accessible experience.
👍 Advantages of trading with FBS for traders in Nigeria:
•negative balance protection;
•a large selection of trading instruments;
•the support service works 24/7.
👎 Disadvantages of FBS for traders in Nigeria:
•auto copying is not available;
•no PAMM accounts;
•not suitable for short-term trading, such as scalping;
•the support service works in a limited number of languages;
•only two real accounts.
3
Best Futures Apps in Nigeria - Pepperstone
Pepperstone (Pepperstone.com) was founded in 2010 in Melbourne, Australia,
by professional traders who were not satisfied with the quality of services provided by most brokers. The founders
decided to avoid many of the disadvantages of competitors, including high commissions, delayed execution of orders,
etc. The founders therefore focused on improving the technical component. The company has set itself the goal of
changing the “rules of the game” and setting the bar high for online trading.
Today, Pepperstone offers clients all over the world some of the best technological solutions and favorable trading
conditions. The company also provides professional tools that help traders not only master the fine art of trading,
but also significantly increase trading efficiencies. In addition, Pepperstone’s platform is scrutinized by seven
regulatory authorities, including ASIC (Australian Securities and
Investments Commission, AFSL No.414530), FCA (UK Financial
Conduct Authority, 684312), DFSA
(F004356), BaFin (151148), CMA, SCB
(SIA-F217), and CySec (388/20). Moreover,
with Pepperstone, clients' assets are maintained in aggregated accounts with several major, global banking
institutions. These facts confirm the reliability of the company and guarantee the safety of the client's capital.
👍 Advantages of trading with Pepperstone for traders in Nigeria:
•Attractive trading conditions;
•Fast order execution - 30 ms on average;
•1,200+ trading instruments;
•Low fees; and
•No inactivity fee.
👎 Disadvantages of Pepperstone for traders in Nigeria:
•Support service works only 24/7;
•No cent account;
•Not available to US clients;
•Limited passive trading opportunities;
•Limited analytical materials available on the site. The only way to resolve this issue is to connect to trading signals;
•No news section; and
•Demo accounts can only trade for free for 60 days.
4
Best Futures Apps in Nigeria - Equiti Group Ltd
Equiti is the joint name of the companies that are part of the Equiti Group Ltd. Holding conglomerate, formed in 2008. The regulators that monitor the business units in Europe, Asia, Africa, and North and South America are six international commissions, including FCA 528328 (UK), JSC 50248 (Jordan), FSA SD064 (Seychelles), SCA 20200000026 (UAE), CMA (Kenya), and CBA 0011 (Armenia). Equiti offers its clients online trading of currency pairs and CFDs on favorable terms, access to the most popular platform among traders, MetaTrader 4, and a pool of liquidity from 35 providers.
👍 Advantages of trading with Equiti Group Ltd for traders in Nigeria:
•Processing of trades using ECN (electronic communication network) technology without the involvement of a dealing center.
•Operation under the licenses of six regulators and insurance coverage of up to 1 million US dollars per client.
•MT4 and EQTrader trading platforms are available on any device.
•More than 300 assets and no limitations on the use of expert advisors, and scalping strategies.
•Availability of a training demo account and accounts with different minimum deposit sizes.
•The Premiere account allows the client to trade with spreads of 0.0 pips and zero fees on trades with CFDs on US stocks.
•The ability to invest in Multi Account Manager (MAM) trust management accounts, which allow passive investors to earn income without trading independently.
👎 Disadvantages of Equiti Group Ltd for traders in Nigeria:
•High minimum deposits on accounts with narrow spreads; e.g., to start trading on the Premiere Account, the client needs to deposit $20,000.
•No bonuses for clients.
•No referral program for retail traders. The company offers remuneration only to introducing brokers (IBs).
5
Best Futures Apps in Nigeria - IFC Markets
IFC Markets was established in 2006. The company is owned by IFCM Group, a financial corporation that turned the services of providing access to international asset markets into a separate business. The broker focuses on two areas – classical trading services and synthetic instrument trading services. The broker is regulated by BVI FSC SIBA/L/14/1073 (British Virgin Islands). Deposits of the traders are insured at AIG Europe Limited.
👍 Advantages of trading with IFC Markets for traders in Nigeria:
•Unique instruments for trading: portfolio quoting, continuous stock indices and derivatives, and a proprietary trading platform.
•Insurance against risks of professional liability.
•Over 600 trading assets of different classes, including synthetic instruments.
👎 Disadvantages of IFC Markets for traders in Nigeria:
•Relatively high spread – from 1.8 pips.
•Complex verification. Certification of the documents by a notary public and their translation into English may be required.
•Offshore regulation, which is unlikely to help a trader in any way.
•The broker’s proprietary platform does not envisage the use of an advisor and indicators on MQL. Translation into the platform’s language is performed at the trader’s expense.
•There are no passive income programs.
Best Futures Trading App in Nigeria 2025: Education for Investors
When choosing the app, it is important to consider educational tools offered by brokers. TU analysts prepared a comparison of educational programs.
FxPro - Education for Investors
Investment Education Online
Information
The information in the Education Section of the broker’s website is structured in a way to provide maximum information to both novice traders and professionals. For novice traders, the website offers basic courses on fundamental and technical analyses, reviews of indicators, and articles on the psychology of trading. For professionals there are news, daily analytics on individual assets, and market dynamics.
Any trader can test the tools on a demo account.
FBS - Education for Investors
Investment Education Online
The FBS website has an impressive training section where everyone can get the information they need to trade successfully on Forex and beyond. The broker provides a quick guide to Forex, tips for traders, and video tutorials. The company also conducts webinars. The section is divided into levels for beginners, elementary, intermediate, and advanced levels.
To practice the knowledge gained on the FBS website, the specialists of the brokerage company recommend opening a demo account. You can practice on it without risking real money.
To support traders, a separate analytical section with an economic calendar, a currency converter, and calculators have been created on the site.
Pepperstone - Education for Investors
Investment Education Online
The Pepperstone.com website includes a tutorial section that contains the basic information necessary to understand the trading platform. Also, the trader can learn the basic terms and the fundamentals of market analysis. This will help you quickly get used to trading, as well as increase the efficiency and profitability of your trades.
For the practical application of the theoretical knowledge gained on the Pepperstone website, the company's specialists recommend opening a demo account. And after training on a demo account, you can start trading in the real market.
Equiti Group Ltd - Education for Investors
Investment Education Online
The educational section of the Equiti Group platform is called Academy. It contains e-books, lessons in video format, and infographics on financial markets. There is also a webinar sub-section. It is currently incomplete, but the company intends to add a comprehensive program of online educational lectures from leading Equiti Capital analysts in the future.
A beginner can open a demo account with virtual currency at Equiti Capital to master the fundamentals of trading currency pairs and CFDs.
IFC Markets - Education for Investors
Investment Education Online
The Education page on the IFC Markets website covers practically everything. The Introduction to Trading section is perfect for novice traders. There is information about how Forex works and how to earn a profit on it. There is the Market Forecast section for advanced traders, featuring instruments for technical and basic analysis.
The broker also offers demo accounts, where you can test obtained knowledge and run strategies.
How to choose futures trading app in Nigeria
Here are 5 tips for beginners on how to choose a futures trading app in Nigeria:
Evaluate the app's features and functionality
Choose an app that's easy to navigate, allows you to make different kinds of orders, and doesn't hit you with high fees or commissions. If you're an advanced trader, you might also want an app that offers API access for algorithmic trading.
Consider the app's reputation and security
Pick an app that other traders trust and talk highly of. Make sure it also uses strong encryption to keep your personal and financial information safe.
Check if the app offers a demo account
Go for an app that has a demo account. This feature lets you practice trading with virtual money, so you can learn without risking your own funds.
Look for educational resources
Keep an eye out for apps that provide learning materials like tutorials, webinars, and market analysis. These resources can help you get better at futures trading and develop your strategies.
Consider the app's customer support
Make sure to choose an app with quick and helpful customer service. Good support can be a lifesaver if you run into any issues or have questions.
How much money do you need to start futures trading in Nigeria?
The money you need to start futures trading in Nigeria depends on several factors: the futures contracts you aim to trade, your chosen broker, and margin requirements. Here are some key points to consider:
Broker minimum
Opening a trading account requires a minimum deposit with most brokers. Some have eliminated this requirement for futures trading, but others still ask for a specific amount just to get started.
Margin minimum
To trade a futures contract, you'll need to meet the broker's margin requirement. Usually, this is around 3-10% of the contract's total value, though the exact amount can change based on the broker and the contract type.
Initial margin payment
When you trade futures, you don't pay the full contract price upfront. Instead, your broker will ask for an initial margin payment, often a few thousand dollars per contract.
Pros and cons of futures trading in Nigeria
Futures trading in Nigeria offers opportunities for new market access and risk management but also poses significant risks and complexities. Investors should weigh these pros and cons carefully before diving into futures contracts.
Pros:
Easy pricing. Standardized pricing for futures contracts simplifies the valuation process for investors.
High liquidity. Regulated exchanges host futures contracts, ensuring a large market of buyers and sellers for easy entry and exit.
Risk hedging. Futures contracts offer a way to safeguard against price changes in underlying assets like commodities or currencies.
Access to new markets. Trading in futures opens doors to markets that investors might not otherwise be able to enter.
Cons:
Highly speculative. The speculative nature of futures trading, exacerbated by low margin requirements and high volatility, can result in considerable losses.
Potential for significant losses. The high leverage in futures trading means investors can lose more than their initial investment.
No Control over future events. Market conditions like natural disasters or unexpected weather can affect the value of futures contracts, and investors can't control these factors.
Longer investing hours. The trading hours for futures extend beyond those of the stock market, demanding more time from traders.
Increased complexity. Trading in futures requires a more in-depth understanding of assets and market dynamics compared to other trading forms.
How to start futures trading in Nigeria?
To dive into futures trading in Nigeria, follow this comprehensive guide.
Step 1: Understand how futures work and the risks involved
First, grasp the fundamentals of futures contracts. These are legal agreements that lock you into buying or selling a specific asset, commodity, or security at a set price on a future date. Futures trading lets you bet on price shifts in a wide array of asset classes, including commodities, precious metals, and even stock indexes. But before you jump in, acquaint yourself with the risks and investment strategies specific to futures.
Step 2: Choose a futures contract type and market to trade in
Next, decide what type of futures contract interests you, as several options exist depending on the asset class you wish to engage with. Examine the market’s liquidity and volatility; these factors can make or break your trading experience. In Nigeria, the Nigerian Stock Exchange (NSE) offers a platform for futures trading through its Derivatives Market.
Step 3: Open a futures trading account with a reputable broker
Your next move is to pick a futures broker that grants you access to the markets and assets you want to trade. Make sure your broker falls under the regulation of a credible authority, like the Securities and Exchange Commission (SEC) in Nigeria. To open an account, you'll usually need to provide identification and make an initial deposit.
Step 4: Learn and develop a trading strategy
Before you place your first trade, develop a clear-cut trading strategy tailored to your financial goals and risk tolerance. Employ a mix of technical and fundamental analysis to pinpoint promising trade opportunities. Many brokers offer demo accounts, giving you a risk-free environment to practice and refine your strategy.
Step 5: Monitor the market and execute trades
Always keep your finger on the pulse of market news and events that could sway asset prices. Your chosen trading platform will help you assess the market, make orders, and manage your ongoing trades. Implement risk management strategies like stop-loss orders to cap any potential losses.
Step 6: Review and improve your trading performance
Maintaining a trading journal allows you to record your trades and evaluate your effectiveness. Identify weak spots and fine-tune your trading strategy. To keep up with market shifts and strategies, invest time in continued education through books, online courses, and webinars.
Summary
In this review, you had an opportunity to learn about the features of 5 brokers, which traders in Nigeria choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Futures Trading App in Nigeria 2025.
| FxPro | FBS | Pepperstone | Equiti Group Ltd | IFC Markets | |
|---|---|---|---|---|---|
|
Overall score |
8.6 |
7.89 |
8.2 |
6.89 |
4.93 |
|
Execution of orders |
8.25 |
9.5 |
9.15 |
6.35 |
3.15 |
|
Investment instruments |
10 |
9.2 |
10 |
9.8 |
9.5 |
|
Withdrawal speed |
6 |
5 |
7 |
8 |
4 |
|
Customer Support work |
8.9 |
7.58 |
6.98 |
5.41 |
2.8 |
|
Variety of instruments |
9.27 |
7.02 |
8.75 |
6.12 |
5.75 |
|
Trading platform |
9.2 |
9.03 |
7.29 |
5.64 |
4.35 |
|
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FAQ
Can You Trade Futures on MT4?
Yes, you can trade futures on the MT4 platform. MT4 is versatile and widely used, making it a popular choice for futures trading.
What Is the Best Brokerage to Trade Futures?
FxPro stands out as a reliable option for futures trading, known for its robust platform and competitive fees.
Which Trading App Works in Nigeria?
Both FxPro and InstaForex offer trading apps that are accessible and functional in Nigeria.
Which Forex Trade Is the Best in Nigeria?
Saxo Bank holds a strong reputation for forex trading in Nigeria, with a wide range of currency pairs and competitive spreads.
If a broker has several platforms, does it mean it offers several apps?
No. If a broker has several trading platforms, there is either an option to switch between them in the app, or only one trading platform is available (usually the proprietary one).
Do I need to pay for downloading the app?
Brokers do not charge a fee for downloading their mobile app. They are provided for free.
Are there updates for the apps of brokers?
Yes. Mobile apps of brokers are regularly updated and it is very important to update them in the view of proper operation of services.
How are the apps protected against unauthorized access?
As a rule, in addition to the username and password, other security measures apply, for example two-factor authentication. In this case, you will need to enter a unique code to access your account.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.