The Best Stock trading app in Nigeria
The best stock trading applications provide commission-free purchases and sales of shares of stocks and ETFs. You may quickly enter orders to purchase or sell using them, do invest research, and keep an eye on your portfolio.
The top eight brokers and trading platforms you can use when trading from Nigeria was identified after extensive research by experts at Traders Union. In this piece, we will discuss the best stock trading app in Nigeria, as revealed by experts at Traders Union.
Continue reading to learn more.
Best Stock Trading App in Nigeria
Traders Union experts considered pricing and fees, investment possibilities, account kinds, investment platforms, investment research, and educational tools when making their recommendations.
According to Traders Union, the best stock trading app in Nigeria are;
RoboForex R StocksTrader
Traders Union revealed that Roboforex has developed as a next-generation broker that provides a variety of online stock and commodity trading services and has been in business since 2009. This broker emphasizes stocks as an asset class and provides many other assets. Clients can trade in eight distinct asset classes, which include over 3,000 equities, currencies, commodities, and indexes. They have mobile versions that are available for both Android and iOS users.
IC Markets MT4, CTrader
IC Markets, established in Cyprus, is one of Nigeria’s largest online stock and Forex brokers. The broker was created in 2007 and provides consumers and institutional traders with a comprehensive range of trading services. The broker is completely licensed and headquartered in Sydney, Australia. This platform’s Android and iOS app provides traders with instant messaging, interactive profiles, and trading groups.
MultiBankMT4, MT5, and cTrader
Multibank is one of the world’s major finance brokers, offering innovative and technology-driven online trading solutions. The company was founded in 2005, with its headquarters in Hong Kong. Multibank has a solid global presence, with 20 branches across the world. Mobile trading systems include all of the features and functionality of desktop trading platforms. All of these platforms are available for live trading as well as demo accounts.
eToro is a renowned global brokerage with a cutting-edge social trading platform. The broker became prominent thanks to its social investing platform, a novel feature allowing users to mimic other investors’ trades.
Clients may trade on the go with eToro’s free mobile trading app, which they can download and install on their mobile devices. The program was created for iOS and Android-powered mobile devices to simultaneously provide complete mobility and access to financial markets.
Interactive Brokers has long been a prominent broker for advanced traders, but the company launched IBKR Lite, a second service tier for more casual users, in 2019. IBKR Lite provides unlimited free trading of stocks and exchange-traded funds listed on US exchanges.
The Interactive Brokers app is available for both Android and iOS devices. This mobile App has practically every capability of the TWS and Client Portal web platforms, thanks to numerous Interactive Brokers APIs.
Saxo Bank is one of the most prominent and well-known investment banks. It specializes in online trading services and investment, with over 35,000 trading products available on the platform Saxo Capital Markets offers SaxoTraderGo mobile, which includes all of the desktop platform’s features. Furthermore, executing and monitoring trades is very simple; price alerts and watchlists synchronize with the desktop platform; this is regarded as one of the most valuable aspects.
XM MT4, MT5
With millions of active trading software users worldwide, including Nigeria, the XM ecosystem is one of the world’s largest stock and Forex traders networks.
XM Group offers its clients to run the MetaTrader platforms’ user versions on their smartphones and mobile devices; MT4 and MT5 mobile apps power the users’ mobile trading capabilities. XM services are available for both Android and iOS users. MetaTrader 4’s XM mobile trading platform is well-designed and user-friendly, with a robust search tool.
Tickmill’s trading systems, which one and two-tier regulators regulate, provide traders with access to a platform for trading numerous assets. Tickmill clients can trade in more than 85 products, most of which are currency pairs, equities, CFDs, bonds, precious metals, and indexes.
Tickmill’s mobile version is functional. The Tickmill app may be readily downloaded from Android, Windows, and iOS app stores and installed to conduct mobile trading in assets on the mobile trading platform.
How to choose the best stock trading app in Nigeria.
Traders Union experts advised that in choosing a stock trading app, traders should do the following;
- Learn the regulation and reliability of the broker.
- Look at offers for local clients
- Explore the App’s functionality
- Try demo; and
- Open an account.