Because high liquidity and volatility of the foreign exchange market, Nigerian traders need rapid access to market news, useful information as well as trading platforms.
Subsequently, Nigerian traders’ use of mobile trading applications has skyrocketed. Currency traders who are actively engaged in the market need constant access to market data, including market news, quotations, charts, and trading accounts.
What better way than using comprehensive forex trading apps for ease of use while trading forex in Nigeria? We have researched and tested several different apps for this review.
Must-Haves for all great Forex Apps
Every forex trading platform in Nigeria or app aspires to serve a certain part of the market, but the most trustworthy ones have the following three qualities.
Updates in Real-Time
The value of a currency may fluctuate at any moment, so having the most recent data at your fingertips is essential for making the most educated trades.
Advanced Analytics and Instrument Tracking
A forex trading app’s high-tech analytics and monitoring tools enable you to find the most favourable exchange rates for the day.
Features for beginners and experts
When dealing with a market that is always evolving, information is key. The most useful forex trading applications include not just educational materials, but also up-to-date news and analysis from across the world.
Choose a forex trading app that can meet your needs whether you are just starting or are a seasoned pro.
You might be completely unfamiliar with the investing process and have no clue where to start; nevertheless, by downloading the appropriate app, you can always stay abreast of your investments.
6 Best Forex Apps to make trading easier
AvaTradeGO’s outstanding interface includes simple trade management features, clear charts, and a Market Trends feature to track trading patterns across the AvaTrade community.
In addition, it was named Best Forex Trading App in 2020 by the Global Forex Awards. With this app, Nigerians can expect:
- Access to over 1,000 instruments
- Access to AvaProtect
- Access to market trends
- The ability to make secure deposits and withdrawals
Another well-liked trading software that works on both iOS and Android is Trade Interceptor. Traders get access to many forex brokers via the app, enabling them to trade currency pairs, binary options, and commodities futures.
Alerts for certain price levels or news events may be established by traders. The economic news schedule and market updates are available to them 24/7.
It also has a function that lets users practice trading in a virtual environment and backtest their techniques using actual market data.
Forex, spot metals, 180 corporate shares, commodities, indices, and cryptocurrencies are just some of the CFDs that may be traded with the FXTM Trader mobile app.
You can manage your trading accounts and keep an eye on your copy-trading account with FXTM Invest, all inside a single, easy-to-use platform.
Copy-trading accounts, sophisticated charts, and money transfers are just some of the new features available in the HF Markets App.
Other features of the app include real-time rates for CFDs on Forex, commodities, equities, and indices, a news feed, and the most recent analysis from the HotForex research team.
Forex, commodities, cryptocurrencies, metals, and stocks are all available for trading via the FBS Trader app, the MT4 and MT5 platforms, and FBS, a hybrid STP/ECN broker. Trading online is convenient and accessible from any location with the new FBS Trader app.
Exness’ trading app allows Nigerians to access their trading account from anywhere in the world. In addition to account management, Nigerian traders can carry out technical analysis by using a range of tools, set up real-time notifications, and access several reputable market news sources.
Mobile trading in Nigeria is becoming more popular because it is much easier for traders to interact with the financial markets via mobile devices.
The trading applications on this list have been vetted and are all available for no cost. All of them allow traders to initiate and complete transactions from a portable device
*** Editor’s note: This is a promoted article