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Best Swing Trading App in Nigeria for 2025

Updated: February 02, 2025

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Fact-checked by

Mirjan Hipolito

Cryptocurrency and stock expert

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	XM Group	RoboForex	TeleTrade	Libertex	NPBFX
Trading platform	MT4, MT5, Mobile Trading, XM App	MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader	MT4, MT5	Libertex, MT5, MT4	MT4
Min deposit	$5	$10	$10	$100	$10
Leverage	From 1:1 to 1:30	From 1:1 to 1:2000	From 1:1 to 1:1000	From 1:0 to 1:1000	From 1:200 to 1:1000
Trust management	No	No	No	No	No
Accrual of % on the balance	No	10.00%%	1.00%%	No	No
Spread	From 0.8 points	From 0 points	From 0.2 points	From 0.1 points	From 0.4 points
Level of margin call / stop out	100% / 50%	60% / 40%	70% / 20%	50% / 50%	No
Execution of orders	Market Execution	Market Execution, Instant Execution	Market Execution	Market Execution, Instant Execution	Instant Execution, Market Execution
No deposit bonus	No	No	No	No	No
Cent accounts	No	Yes	Yes	No	No

1
Best Swing 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 Swing 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 Swing Apps in Nigeria - TeleTrade

TeleTrade is a global broker serving clients worldwide. They offer trading on Forex, indices, stocks, metals,cryptocurrencies, and energies. While lacking PAMM accounts and certain investment options, TeleTrade boasts a robust copy trading service, a strong affiliate program, and diverse account types (ECN, NDD, crypto). With sufficient leverage (up to 1:1000) and spreads from 0 pips, the broker caters to various trading styles, including scalping, intraday trading, and medium to long-term strategies.
TeleTrade supports traders with market analytics, expert forecasts, an economic calendar, and a comprehensive education section on their website.

👍 Advantages of trading with TeleTrade for traders in Nigeria:

•detailed analytical section;

•informative training section;

•Invest Start risk-free investment service;

•interest accrual on deposit;

•copytrading service;

•several affiliate programs with high payouts.

👎 Disadvantages of TeleTrade for traders in Nigeria:

•no PAMM accounts or other money management options;

•few withdrawal options;

•support is available 24/5;

•withdrawals delayed;

•technical support responds slowly;

•sometimes it takes a long time to verify data.

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4
Best Swing Apps in Nigeria - Libertex

Libertex is an online broker that provides access to trading CFDs on stocks, commodities, cryptocurrencies, and more. The company has been in the market for over 10 years. One of the advantages and distinctive features of the broker is its proprietary web trading platform with non-standard functionality designed for novice traders. It features a user-friendly interface, high information content, and advanced technical functionality.

👍 Advantages of trading with Libertex for traders in Nigeria:

•fast registration process;

•usability of the platform. It has a user-friendly interface for trading online on a PC or laptop as well as other devices;

•more than 300+ CFDs on stocks, precious metals, oil and gas, indices, cryptocurrencies - almost all popular trading underlying assets in one platform;

•tight spreads;

•investment account providing for investing in real stocks without commission fees.

👎 Disadvantages of Libertex for traders in Nigeria:

•Libertex accounts have fees subject to the underlying asset. For example, a 0.0005% fee is charged on Forex CFD.

•No proprietary technological solutions for passive investing.

•Libertex is available only in the web version and mobile app which doesn’t allow adding custom indicators and advisors. Algorithmic trading is not available.

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5
Best Swing 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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Best Swing 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.

TeleTrade - Education for Investors

Investment Education Online

Information

The TeleTrade website features a large educational section where every trader can find information for successful Forex trading and more. The broker provides information on the basics of analysis, trading strategies, and also offers educational courses, video tutorials. The company also holds webinars.

Information available in the Education Section

Information not available on the TeleTrade website

Forex for dummies

There are no video tutorials on working with MT4

Fundamental market analysis

Market technical analysis

Indicators

Strategies

Features of trading instruments

You can test the knowledge you gained on the TeleTrade website by using a demo account. The broker’s specialists believe it can give novice traders the experience and skills to trade on a live account.

To support traders, a separate analytical section has been created on the website with an economic calendar, news and market overview.

Libertex - Education for Investors

Trading Education Online

Information

Analytical and educational sections have been created on the official website, where a trader can find useful materials in video format on how to use the platform, open an account, and analyze the market.

Information available in the “Education” section:

Information not available on the Libertex website:

Basics of trading for novice traders.

Reviews of indicators, strategies, and expert advisors.

Webinars on technical and fundamental market analyses.

The psychology of trading.

Separate sections: Economic calendar and FAQs.

Each of these tools can be tested on a demo (free) 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.

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 Swing Trading App in Nigeria 2025.

	XM Group	RoboForex	TeleTrade	Libertex	NPBFX
Overall score	8.53	8.28	6.73	6.06	6.82
Execution of orders	9.35	8.95	3.21	6.1	8.55
Investment instruments	9.2	4.9	4.7	2.5	4.7
Withdrawal speed	7	8	7	6	3
Customer Support work	8.7	9.6	8.41	9.24	8.97
Variety of instruments	8.02	9.02	8.75	6.37	9.12
Trading platform	8.9	9.2	8.29	6.16	6.57
	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

Do all brokers offer mobile apps for iOS and Android?

Unfortunately no. Some companies focus only on one operating system. Before opening an account make sure that the broker offers the version for your operating system.

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).

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.

Can a platform function less effectively in the app than in the web version?

The platforms of reliable brokers with good apps work as smoothly as the web version. Therefore, there are almost no instances when the app runs poorly and the web version runs well. That may happen only in case of technical failures, which also happen rarely if the app is good.