7 free platforms For Learning Forex Trading in Nigeria

Forex trading is a popular investment option due to its potential for high returns and liquidity, and low transaction costs. However trading has become a popular way to make money in Nigeria, and many people are looking for ways to learn how to do it. There are plenty of places where you can learn forex trading in Nigeria. In this post, we’ll discuss some of the free platforms for learning forex trading in Nigeria.

1. AvaTrade-Trading App with Great Risk Management

AvaTrade is a trading platform committed to empowering people to invest and trade, with confidence, in an innovative and reliable environment; supported by best-in-class personal service and uncompromising integrity.AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab a Best in Class rating for Beginners for 2023.

AvaTrade also features AvaTrade’s AvaProtect tool, which provides loss protection for a limited time. Other app highlights include a market trends monitor, zoom function, and seamless synchronization with AvaTrade’s webtrader. Ava Trade also has an excellent dashboard with easy trade management tools, clear charts, and a Market Trends feature to monitor trading trends within the AvaTrade community. This is one of the free platforms for learning forex trading in Nigeria.

2. FXTM – Best Copy Trading Platform

FXTM is a global leader in online trading offering excellent trading conditions, advanced education, and the best trading tools in the forex industry.FXTM is proud to have been one of the first brokers to establish a serious presence in Nigeria and offer access to the financial markets to investors throughout the country and the wider African continent.

However, FXTM also offers the standard versions of MT4 and MT5 and the FXTM Trader App. FXTM Trader is a well-designed mobile trading platform that beginners will find easy to learn and use. It also links seamlessly with your desktop device, allowing you to open a trade on your desktop and close it on your mobile. Also, FXTM is one of the best copy and platforms in the world with a minimum deposit of 100 USD.

3.OctaFX

OctaFX is a global forex and CFD broker that has been operating since 2011 and has established itself as one of the most popular brokers, serving clients from over 100 countries.OctaFX is an online broker that provides access to the global forex and CFD markets. and utilizes advanced security measures including SSL encryption, 2FA authentication, and segregated accounts to keep trader funds and data protected.

This shows that OctaFx takes security seriously. It is also known for tight spreads, fast execution, and excellent customer service, it also holds operating licenses from FSA SVG[ License No.24952 IBC 2018].OctaFX is also one of the well-known free platforms for learning forex trading in Nigeria,

4. Pepperstone- Best Range of Trading Platforms

Pepperstone is one of the famous platforms for forex which was established in 2010 and is well-regulated, Pepperstone is one of our highest-rated brokers, globally renowned for its choice of trading platforms, including MT4, MT5, cTrader, and TradingView.This platform offers automated trading and strategy backtesting. customized charting and a range of indicators and integrated with Autocharist as one of Pepperstone’s free trading tools.

However, Pepperstone offers some of the lowest trading fees in the industry, and there is no required minimum deposit to open an account. it also offers even more advanced charting abilities, including custom timeframes, over 100,000 custom-built indicators, and integrated financial analysis.

5. IC Markets – Best Customer Support

IC Markets Global is one of the most renowned Forex CFD providers, that offers trading solutions for active day traders and scalpers as well as traders that are new to the Forex market. Its Markets Global offers its clients cutting-edge trading platforms, low latency connectivity, and superior liquidity.IC Markets is well-known for its choice of trading platforms, including MT4, MT5, and cTrader, and a wide range of trading tools. It also offers 24/7 customer support – a huge benefit to traders who may want to set up on the weekend.

IC Markets supports all three major trading platforms[ MetaTrader 4, MetaTrader 5, and cTrader ] providing traders with a broad choice of environments to suit their needs. Alongside these, the broker also provides an array of trading tools for each platform, including VPS services, Trading Central, and various copy trading services.

6.FxPro – Fastest Trade Execution

FxPro is a leading online broker that has been providing trading services to clients since 2006. With over 16 years of experience, FxPro has established itself as a trusted and reliable brokerage for traders of all levels. It helps traders to choose between four different trading platforms, including MT4, MT5, cTrader, and its in-house platform, FxPro Edge.

FxPro offers an impressive selection of trading platforms, ensuring that all types of traders can find a platform that suits their needs. Furthermore, the FxPro mobile trading app has been lauded for its user-friendly interface and accessibility, making it easy for traders to monitor and execute trades on the go. However, it is worth noting that the educational resources and market analysis tools provided by FxPro are somewhat limited when compared to other brokers.

7. HFM – Best App for Forex Analysis

HFM is a multi-regulated online CFD broker providing traders access to opportunities in the global markets. Trade Forex, Shares, Indices, Commodities, and Cryptocurrencies, Other app features include in-app fund transfers, advanced charting, and access to HFM’s HFcopy copy-trading account. also included is a live rate stream for CFDs on Forex, commodities, stocks, and indices, a market news stream, and the latest analysis published by the HFM research team

However there are other features that HFM offers which include a micro account; with a 5 USD minimum deposit, fast market execution, and spreads starting at 1 pip, Analytical tools; daily market analysis from experts, a market sentiment tool, and traders’ boarded a detailed look at the world’s markets with volume indicators and live charts.HFM is the last on the list for the free platforms For Learning Forex Trading in Nigeria.

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