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Best Mobile Trading App in Nigeria for 2025

Updated: February 17, 2025

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Fact-checked by

Mirjan Hipolito

Cryptocurrency and stock expert

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1
Best Mobile Apps in Nigeria - XM Group

XM Group is a globally recognized broker, operational in nearly 190 countries and serving over 15 million traders. In 2025, the company is celebrating its 15th anniversary. The broker offers over 1,400 trading instruments, including Forex pairs, stocks, commodities, cryptocurrencies, and precious metals. With licenses from regulators like FSC and CySEC, XM ensures a secure trading environment.
The company is committed to high-speed order execution without requotes, ensuring 99.35% of trades are completed nearly instantly. The broker's leverage varies by region, offering up to 1:1000 for some non-EU countries while maintaining strict compliance with European standards for others. The spreads start from 0.6 pips.
XM doesn't offer passive investment options like PAMM accounts but provides access to MQL5 copy trading and a VPS for algorithmic trading.

👍 Advantages of trading with XM Group for traders in Nigeria:

•XM Broker guarantees 100% execution of orders, 99,35% of orders delivered nearly instantly. No requotes guaranteed;

•No “markup” on narrow market spreads (broker's margins over the spread);

•Over 1,000 trading instruments. Available for trading are: 57 currency pairs, including CFDs on cross rates, metals (including palladium and platinum), commodities (cocoa, cotton, grain), stocks;

•No commission for replenishment and withdrawal of money. XM Broker incurs all commission costs of payment systems;

•Around the clock support for 5 days a week in more than 30 languages.

👎 Disadvantages of XM Group for traders in Nigeria:

•Expanding their limited choice of trading platforms. Despite the fact that the broker offers 16 terminals, all of them are modifications of MT4 and MT5 for desktop, browser and mobile trading.

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2
Best Mobile Apps in Nigeria - RoboForex

RoboForex is a well-established brokerage company offering a broad spectrum of trading opportunities for active traders and investors alike. With an impressive selection of over 12,000 financial instruments - including currency pairs, CFDs on stocks, indices, metals, energies, and futures - RoboForex provides a versatile trading environment.
The broker boasts competitive trading conditions: tight spreads starting from 0 pips, high leverage up to 1:2000, and fast execution speeds. The broker also offers the CopyFx investment program, which allows traders to copy the strategies of successful investors and earn passive income. Additional perks include instant fund withdrawals and some of the industry’s highest affiliate payments (up to 84%).
RoboForex prioritizes reliability and client satisfaction, establishing itself as a trusted partner for traders worldwide.

👍 Advantages of trading with RoboForex for traders in Nigeria:

•Availability of favorable trading conditions and a minimum deposit

•Unique investment program CopyFx

•Highest affiliate payments: up to 84% of the fee paid by the referral

•Market launch - STP and ECN

•Instant withdrawal of funds

•Minimum deposit - $10

👎 Disadvantages of RoboForex for traders in Nigeria:

•A small number of currency pairs - 28, for accounts: Pro, Pro-Cent, ECN

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3
Best Mobile Apps in Nigeria - Bybit

Bybit is a leading cryptocurrency exchange specializing in derivatives trading. Its proprietary trading platform is user-friendly but caters primarily to experienced traders who are comfortable with advanced financial instruments. Integration with TradingView provides seamless market analysis and trade execution. Bybit is regulated by the AFSA (Astana Financial Services Authority - Kazakhstan), holds a preliminary license from the VARA (Virtual Assets Regulatory Authority - Dubai) and secures MiCAR (Markets in Crypto-Assets Regulation) license from Austria’s Financial Market Authority (FMA).

Bybit allows highly leveraged trading of up to 100x with a clear and transparent fee structure. For those seeking alternative investment strategies, Bybit offers copy trading programs for both derivatives and spot markets, enabling users to automatically replicate the trades of successful investors. The exchange provides 24/7 customer support, a safe banking environment, and instant deposits/withdrawals. Additionally, Bybit offers a crypto debit card, allowing users to spend their digital assets on everyday purchases.

👍 Advantages of trading with Bybit for traders in Nigeria:

•It has a convenient, intuitive proprietary trading platform that is presented in the browser version, which eliminates conflicts with the operating system and braking when sending orders;

•Integration with TradingView allows users to simplify crypto market analysis and trading via a single platform;

•Combination of futures and perpetual contracts trading;

•There is an order book that allows you to assess the depth of the market and current trading volumes;

•It has a minimum entry threshold. The cost of a BTC/USD futures contract is USD 1;

•It is possible to open long and short positions with subsequent mutual recalculation;

•Opportunities for Muslim traders to participate in the crypto market.

👎 Disadvantages of Bybit for traders in Nigeria:

•It has conditions for trading futures that are difficult for beginners, such as the formula for calculating the leverage, the terminology of the funding size and the premium index, funding rates, etc.;

•Lacks a mechanism to protect the interests of traders in the event of controversial issues;

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4
Best Mobile Apps in Nigeria - NPBFX

NPBFX is a long-standing broker offering competitive spreads starting from 0.4 pips and leverage up to 1:1000. Traders can access a variety of markets including Forex, oil, stocks, and indices. Account types range from beginner-friendly Master account to more advanced options like Expert and VIP accounts.
NPBFX has fast order execution speeds (50-70 ms), making it suitable for scalping and high-frequency trading. Moreover, the broker explicitly indicates that these approaches are welcomed. However, clients should note that the only available trading platform is MetaTrader 4.
NPBFX doesn't hold licenses from major regulators, but the broker is a member of the Financial Commission, offering some level of deposit insurance and dispute resolution.

👍 Advantages of trading with NPBFX for traders in Nigeria:

•The broker provides traders with best market prices supported by liquidity from Tier 1 banks and ECN systems, such as Integral, Currenex, and Hotspot;

•Membership in the Financial Commission provides up to EUR 20,000 insurance coverage on deposits of traders;

•social trading with access to the independent ZuluTrade platform;

•Loyal trading conditions. Minimum deposit is $10 with leverage up to 1:1000;

•all strategies are allowed, including scalping, hedging/locking, and algorithmic high-frequency trading on all types of accounts.

👎 Disadvantages of NPBFX for traders in Nigeria:

•compared to other brokers, the speed of copying trades on ZuluTrade is not the fastest;

•no MT5 trading platform, which has unique advantages over MT4;

•There are no licenses from regulators. The broker is a member of the Financial Commission, which does not always support traders and is not authorized to recover fines imposed on brokers;

•no cent accounts.

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5
Best Mobile Apps in Nigeria - IC Markets

IC Markets stands out as a highly reputable broker offering trading with 2,250+ instruments across Forex, stocks, commodities, cryptocurrencies, and more.
The broker provides ultra-fast execution with order speeds up to 40 milliseconds facilitated by its top-tier liquidity partners and processes over $29 billion in Forex trades daily. With a strong focus on active traders, it offers ECN accounts with raw spreads from 0 pips and leverage up to 1:500 (based on which regulator's rules apply to a trader's account). Copy trading is also well-supported through integration with ZuluTrade, cTrader Copy, and other platforms.
IC Markets clients benefit from robust security and regulatory licenses from ASIC, CySEC, and others.

👍 Advantages of trading with IC Markets for traders in Nigeria:

•Availability of three licenses;

•Wide range of assets;

•Standard and ECN account types for trading on different platforms;

•Mobile apps for Android and iOS-based devices;

•Scalping, hedging, and algorithmic trading are allowed;

•Minimum delay when executing orders and ultra-fast market execution;

•Competitive trading fees;

•Wide choice of social trading and copy trading platforms;

•24/7 support via live chat;

•Demo accounts on MT4, MT5, and cTrader;

•Swap-free accounts are available for Muslim traders.

👎 Disadvantages of IC Markets for traders in Nigeria:

•Education materials available on the website are not very informative or diverse;

•Rebates are available outside Australia and the European Economic Area;

•Not all clients are equally protected since compensation for investment is subject to the trader's country of residence.

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Best Mobile 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.

XM Group - Education for Investors

Investment Education Online

Information

XM Broker has dedicated a separate section to training, which focuses on video content. Novice traders can watch the video, which describes the basic functions of the broker's platforms. There are also webinars and seminars conducted repeatedly at the site. The subjects are the most diverse - from the basics of fundamental and technical analysis to the development of trading systems.

Information available in the Analysis and Education section

Unavailable information at XM Broker site

Review of certain markets and their long-term development

Basic trading terminology

Investment strategies based on certain technical indicators within different time frames

Textual description of indicators, trading indicators

Trading strategies, based on the market sentiment

TTrading signals

Educational videos and webinars

Guide on working with trading platforms

All these tools are more of an auxiliary nature, giving traders the opportunity to build up their own experience and their own views on trading systems and trading.

RoboForex - Education for Investors

Investment Education Online

Information

A large training section has been created on the RoboForex website. Each trader will receive the necessary information for successful trading — from the basics of the Forex market to analytics, reviews of trading strategies, advisors, and indicators.

Information available in the Analysis and Education section

Information not available at the RoboForex website

Free video course on the basics of Forex, technical and fundamental analysis, trading psychology, etc.

Detailed theory on each issue. The broker focuses on practice

How to open a trading account

How to begin Forex trading

How to trade NASDAQ and NYSE stocks

The company's specialists recommend opening a demo (practice) account and educating yourself by obtaining and later applying theoretical knowledge in practice by actually trading on the demo account, thereby combining theory and practice. Thus, you will gain valuable experience and the necessary skills to work on a real account.

NPBFX - Education for Investors

Investment Education Online

Information

The section on the NPBFX website is a powerful analytical and educational tool where professionals can find a wealth of interesting materials.

Information provided in the “Education” section

Information not available on the NPBFX website

Live chat with an analyst

There are no descriptions with templates of particular indicators and expert advisors based on them

Courses, workshops, and webinars with theoretical information and current forecasts

Electronic Forex tutorial

Trading signals and trader calculators

Trading strategies. There are over 60 strategies for 9 time frames ranging from scalping to position trading.

A demo account allows users to put their newly acquired knowledge into practice.

IC Markets - Education for Investors

Investment Education Online

Information

The Education section on the broker’s official website contains the basics of over-the-counter (OTC) trading on the Forex market. Forex glossary is available in the Help & Resources block. The Australian office also has podcasts with their infographic text decoding.

Information available with IC Markets

Information not available on the IC Markets website

Description of general concepts of financial markets

Settings for copy trading on MetaTrader

Main advantages of trading derivatives on the OTC market

Videos on MetaTrader 4 and cTrader

Webinars

Forex and CFD glossary

To virtually trade without risking real money, open a demo account on MT4, MT5, or cTrader.

How to choose a mobile trading app in Nigeria?

Choosing the best mobile trading app is a critical decision that can seriously impact your trading journey. The following are five key tips that beginner traders in Nigeria can consider when making this choice:

User-friendly interface. An intuitive and user-friendly interface is essential for both novice and experienced traders. The trading app should have clear navigation, a simple order placement process, and charts that are easy to understand. Ease of use and accessibility are significant factors that can lead to trading success.

Customer support. Reliable customer support is essential, especially for beginner traders facing numerous technical difficulties. Identify a mobile trading app with caring and responsive technical support. Such support comes in handy in case of any arising inquiries or problems.

Security measures. Security is a significant factor when trading online. Make sure that the app you select utilizes robust security measures, including two-factor authentication and encryption. These measures protect your personal information and trading account from unauthorized access.

Regulatory compliance. Ensure that your selected app is regulated by recognized international financial regulators or the appropriate financial authority in Nigeria. Regulatory compliance is key for the safety of your funds. It ensures protection against misconduct or fraud. Therefore, ensure that the trading app is registered with financial organizations such as the Nigerian Securities and Exchange Commission (SEC).

Range of tradable assets. Trading apps can offer different trading asset classes, such as commodities, cryptocurrencies, forex, and stocks. As a novice trader, you should start your trading journey with an app that offers a variety of tradable assets. This range of assets enables you to diversify your trading portfolio or focus on certain instruments that excite you the most.

Benefits of using the best trading apps

Using the best trading apps in Nigeria has numerous benefits. For instance, it enhances your trading experience and increases your profits. The following are some of the key benefits:

Portfolio management. The best trading apps provide various tools for tracking and managing your investment portfolio. Consequently, you can easily monitor your holdings, adjust your positions, and view performance reports.

Accessibility. These apps ensure 24/7 access to the financial markets. This accessibility allows you to trade from anywhere in the world, provided you have internet connectivity. It is also advantageous for traders who want to seize emerging market opportunities.

Risk management. These apps also provide risk management features like take-profit and stop-loss orders. These features help you manage risk by automatically closing your trading positions at predetermined levels. Therefore, you can protect your capital and limit potential losses.

Order execution speed. These apps often have quick order execution, which is important for taking advantage of price movements. With lightning-fast order execution, you can easily seize opportunities in fast-paced markets. This level of order execution makes a huge difference in your trading results.

Real-time data. These apps also offer real-time market data, including news, charts, and price quotes. Such information is critical for making informed trading decisions. Therefore, having it at your fingertips gives you a competitive edge.

A step-by-step guide to downloading a trading app

If you’ve decided to begin your trading journey with a mobile app, here’s a step-by-step guide to get started:

Choose your broker and download their XYZ trading app. To get started, research and choose a reputable broker operating in Nigeria. Make sure that the broker offers a mobile trading app compatible with your mobile device (Android or iOS). Visit AppStore or the broker’s official website portal to download the mobile trading app.

When signing up, create a user ID and a password. After installing the mobile app, open it and click on the option to "Create New Account" or "Sign Up". This option will prompt you to provide personal information, including your full name, email address, and phone number. Also, you must create a unique user ID and a strong password. Don't expose this information since it is confidential.

Verify your identity. The trading app may prompt you to verify your identity. This requirement is essential to ensure compliance with regulatory standards. You can comply by providing proof of address, a photo for facial recognition, and possibly uploading a government-issued ID card. Follow the app’s instructions to complete the identity verification process.

Deposit funds. With the account verification complete, it's time to fund your trading account. The app will provide several deposit options, such as e-wallets, bank transfers, or credit/debit cards. Select your preferred method and deposit any amount you wish to start trading. Keep in mind the minimum deposit amount set by your broker.

Start trading. Since you now have funds in your account, you can start trading. Explore the features presented by the app, monitor the real-time market data, and practice with a demo account. When comfortable, place your first trade by choosing an asset, defining the trade size, and setting any take-profit or stop-loss orders.

How to trade like a pro via mobile trading app

You'll need a sound strategy and discipline to trade like a pro using a mobile trading app. Here are some tips:

Start with a demo account. Most trading apps offer a demo account. It enables you to practice with virtual money. You can use this feature to test your strategies, build confidence, and gain experience without risking your capital.

Education and analysis. Invest in your trading education by learning fundamental concepts and technical analysis. Also, understand economic indicators, chart patterns, and market trends. This knowledge enables you to make informed decisions rather than relying purely on luck.

Stay informed. Stay updated on market events and news. Such developments influence market movements. Therefore, use them to make better decisions.

Emotions control. Emotions such as greed and fear can cloud your judgment. Avoid impulsive decisions and stick to your plan. To trade like a pro, you must stay disciplined and prevent emotions from dictating your actions.

Risk management. Implement risk management controls, including take-profit orders to secure profits and stop-loss orders to limit potential losses. Diversify your trading portfolio to spread risk and never risk more than you can afford to lose in a single trade.

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 Mobile Trading App in Nigeria 2025.

	XM Group	RoboForex	Bybit	NPBFX	IC Markets
Overall score	8.53	8.28	7.43	6.82	8.35
Execution of orders	9.35	8.95	8.57	8.55	9.45
Investment instruments	9.2	4.9	9.75	4.7	9.9
Withdrawal speed	7	8	9.25	3	8
Customer Support work	8.7	9.6	7.8	8.97	7.19
Variety of instruments	8.02	9.02	0	9.12	8.02
Trading platform	8.9	9.2	9.23	6.57	7.51
	Study Review	Study Review	Study Review	Study Review	Study Review
	Open an account Your capital is at risk.	Open an account Your capital is at risk.	Open an account Your capital is at risk.	Open an account Your capital is at risk.	Open an account Your capital is at risk.

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FAQ

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).

Does the functionality of apps differ from that of the web version?

It depends on the broker. A good quality mobile app replicates the functionality of the web version either fully or as much as possible.

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.

Are there versions of the apps for tablets?

In some cases, Forex brokers develop separate versions of apps for smartphones, tablets and even for TV sets.