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 Options Trading App in Nigeria for 2025, based on our assessments.
AvaTrade is a brokerage company that provides optimal working conditions for all traders with any skill level. The broker provides customers with security by protecting their data and finances, and they are constantly working to improve the service.
SaxoBank is a Danish broker designed for professionally active and passive trading.
Velocity Trade is a broker for financial institutions willing to expand the range of services that it provides, such as access to global order execution and its business development consulting services.
The ARMO broker is suitable for traders and investors with different trading styles. However, the services range of the company does not include the possibility of earning passive income. ARMO is designed for cooperation with active market participants and provides services to professional and novice traders alike, regardless of the country of residence.
Moomoo is a trading and investment broker aimed at beginners and experienced investors as well as traders who rely on technical analysis.
1
Best Options Apps in Nigeria - AvaTrade
AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 10 countries. It currently has over 300, 000 registered users and processes more than 2 million transactions every month. These factors contribute to AvaTrade being a reliable and trusted broker. They are accredited across five continents and are one of the market leaders. The broker is regulated by the Australian Securities and Investment Commission (ASIC, 406684), the Japanese FSA ( 1662), and the South African FSCA ( 45984). AvaTrade holds accreditation by the Central Irish Bank ( C53877 ), the Abu Dhabi Financial Services Regulatory Authority (190018), and the British Virgin Islands Financial Services Commission ( SIBA/L/13/1049), CySEC ( 347/17). AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 1,200 tools to customers.
👍 Advantages of trading with AvaTrade for traders in Nigeria:
•a wide range of trading instruments;
•there is a license for the provision of services on the territory of 5 continents;
•customer service operates around the clock and provides competent assistance to users in 14 languages;
•a wide choice of convenient trading platforms;
•ability to trade from mobile devices;
•availability of an account for representatives of Islam (swap-free);
•for reliable storage of customer funds, the broker uses a segregated account;
•option for automated trading using trading advisors, indicators, and other analysis tools;
•no restrictions on trade and scalping;
•availability of training materials and conducting webinars for beginners and experienced traders.
👎 Disadvantages of AvaTrade for traders in Nigeria:
•the site interface is not user-friendly;
•customer service efficiency and response time
•trading terminals are prone to occasionally freeze.
2
Best Options Apps in Nigeria - Saxo Bank
The SaxoBank brokerage company was founded in 1992 under the original name Midas. In 2001, the broker was licensed by the FSA, a Danish Financial Supervisory Authority (1149), FCA (Financial Conduct Authority | UK, 551422), ASIC (Australian Securities and Investments Commission, AFSL 280372), FINMA (Swiss Financial Market Supervisory Authority, CHE-106.787.764), and SFC (Securities and Futures Commission | Hong Kong, AVD061). After that, the company changed its name to SaxoBank. Today the broker provides online access to various financial markets to clients from 170 countries. In 2017, the SaxoTraderGO terminal was recognized as the best trading platform for active trading according to FX Week’s e-FX Awards and ADVFN International Financial Awards. Can you trade options with Saxo Bank?
👍 Advantages of trading with Saxo Bank for traders in Nigeria:
•favorable trading terms for professional traders with at least 1 year of experience;
•over 71 thousand instruments for trading;
•the opportunity to invest in ready-to-use long-term portfolios managed by professionals.
👎 Disadvantages of Saxo Bank for traders in Nigeria:
•Cent accounts are not available.
•You can trade through proprietary platforms; access to the MT4 and MT5 terminals is not provided;
•a ban on algorithmic trading for traders from abroad;
•you cannot contact support in the online chat on the company's website.
3
Best Options Apps in Nigeria - Velocity Trade
Velocity Trade is an international brokerage company that has been providing financial services since 2007. The range of services includes comprehensive brokerage solutions, commission management, creation of trading terminals, access to the Forex market and 40 international exchanges, as well as consulting and financial services. The range of trading instruments available includes currency pairs, stocks, futures, options, commodities, CFDs, FX Spot, and others. Companies from different countries can become Velocity Trade clients because Velocity Trade is licensed on 5 continents. The broker is authorized and regulated by the Australian ASX and ASIC (329813); Canadian IIROC, CIPF, and TMX; European AFM; South African FSCA (43295) and STRATE; British FCA (497263); and the New Zealand FMA (FSP20003).
👍 Advantages of trading with Velocity Trade for traders in Nigeria:
•The company cooperates with clients worldwide.
•It offers a large number of trading instruments.
•The broker is regulated and licensed in 6 regions.
•The company offers comprehensive solutions for its clients.
•Trading terms of cooperation are discussed with each client on an individual basis.
•The company provides high asset liquidity, including margin instruments.
•The broker has about 10 offices in various countries.
👎 Disadvantages of Velocity Trade for traders in Nigeria:
•The company doesn’t offer financial services to private traders.
•Bonuses and affiliate programs are not provided.
•Not any organization can become a Velocity Trade client because the broker reserves the right to reject an application for cooperation.
4
Best Options Apps in Nigeria - ARMO Broker
ARMO is a stockbroker based in Germany that provides financial services internationally. The conditions of the company are suitable for traders and investors with any level of knowledge in stock market trading, and it also provides access to a training center. There are no investment offers or methods to get passive income at the ARMO broker; therefore, the broker cooperates exclusively with active market participants only. Among the trading instruments at ARMO are stocks, options, futures, bonds, exchange-traded funds, CFDs, and Forex. In total, the company has over a million assets.
👍 Advantages of trading with ARMO Broker for traders in Nigeria:
•The broker provides a free demo account.
•ARMO customers can open a multi-currency account.
•The company provides training materials for beginners and professional traders.
•It protects client capital.
•ARMO clients have access to a wide range of trading instruments.
•There is no commission for non-trading activities.
👎 Disadvantages of ARMO Broker for traders in Nigeria:
•High level of minimum deposit.
•The company does not provide programs and services to receive passive income.
•There are few ways to replenish the deposit and withdraw funds.
5
Best Options Apps in Nigeria - Moomoo
Moomoo (moomoo.com) is a California-based broker-dealer and a member of FINRA, SIPC, DTCC, OSS, and NASDAQ. Moomoo Inc. was established in 2018 and is a subsidiary of Futu Holdings Ltd., which is registered with the SEC (0001667858). Moomoo is a member of the LSE and SGX, and is licensed by MAS. The broker offers an intuitive trading platform with professional fundamental and technical analysis tools, as well as interest-free trading in US stocks, ADRs, ETFs, and options. For experienced traders, the platform provides a customizable news feed with audible alerts that allow you to quickly respond to market changes. Users have access to quotations on the exchanges of the USA, China, Hong Kong, and Forex markets. They also have enhanced possibilities for building both standard charts (bars, hollow, full candlesticks, and lines) and multi-charts, including VWAP with different time frames.
👍 Advantages of trading with Moomoo for traders in Nigeria:
•No commission when trading stocks, ETFs, options, and US ADRs.
•Analytical tools include third-party analyst ratings, graphical financial reports, and various charts with over 50 technical indicators.
•No minimum deposit required to open an account.
•All accounts open through a mobile application.
•Active trading community with over 100,000 users.
👎 Disadvantages of Moomoo for traders in Nigeria:
•No chat and phone support.
•Limited investment opportunities. You cannot use cryptocurrency, mutual funds, or bonds.
•Withdrawal of funds only via bank transfer and АСН.
Best Options 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.
AvaTrade - Education for Investors
Investment Education Online
Information
The broker’s website has the Training section, which contains hundreds of text and video materials. Among them, there is both a base intended for training beginners and deeper analytics for advanced training of experienced traders.
If you want a more effective training system, you should use a demo account. Putting theory into practice will help you gain a better understanding of the material and will enable you to use the acquired knowledge safely to generate income on a live account.
Saxo Bank - Education for Investors
Investment Education Online
There is a "Training" section to support traders. The materials for novice traders and professionals are in English.
You can apply your knowledge using a demo account.
Velocity Trade - Education for Investors
Investment Education Online
Velocity Trade is a broker for large corporations and organizations and doesn’t offer training materials on Forex trading.
Velocity Trade doesn’t provide cent or virtual accounts.
ARMO Broker - Education for Investors
Investment Education Online
The ARMO broker provides services for active traders. Therefore, the company offers a section with training materials, thanks to which professionals can develop professional skills, and novice players can learn to trade in stock and other markets.
ARMO Broker’s clients can test their knowledge of trading various assets, as well as test new trading strategies on a virtual demo account. It eliminates financial risks, but it is also impossible to make money on such an account.
Moomoo - Education for Investors
Investment Education Online
The broker’s website does not contain a training section, but information useful for clients is available in the Help Center. In the News section, clients have access to current stock news (7x24), political and economic news affecting the markets (Highlights), and the Financial Calendar.
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 Options Trading App in Nigeria 2025.
| AvaTrade | Saxo Bank | Velocity Trade | ARMO Broker | Moomoo | |
|---|---|---|---|---|---|
|
Overall score |
8.03 |
6.53 |
6.72 |
5.7 |
6.95 |
|
Execution of orders |
8.5 |
6.31 |
4.11 |
5.49 |
6.74 |
|
Investment instruments |
10 |
10 |
10 |
5.91 |
7.16 |
|
Withdrawal speed |
5 |
6 |
8 |
5.55 |
6.8 |
|
Customer Support work |
7.9 |
5.48 |
6.18 |
5.85 |
7.1 |
|
Variety of instruments |
10 |
6.14 |
7.97 |
5.33 |
6.58 |
|
Trading platform |
6.8 |
5.24 |
4.04 |
6.07 |
7.32 |
|
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FAQ
Is it possible to register with a broker using the mobile app?
Yes. Brokers provide an opportunity to open an account and pass verification directly in the mobile app.
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.
If I remove the app from my phone and then reinstall it, will I lose the information?
No. The information is stored in the user account on the server. You will need to enter your username and password, pass two-factor authentication (if applicable) and you will have full access to your information.
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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.