Do you want to start trading and are looking for the best site? From the best FX trading platform?
Are you an informed trader but want to switch brokers to pay less commissions or have more leverage?
Then you have come to the right place. We have made this comparison of the best trading sites so that you can find the best forex trading platform in Nigeria that suits your needs; whether you are a beginner or experienced.
Trading platform VS online broker
Before getting to the heart of the matter, know that there are generally two types of stock brokers:
- Traditional brokers that allow you to buy a wide range of financial products: stocks, investment funds (OPCVM) and trackers. This is usually a service you will receive if you open a securities account with an online bank.
- Leveraged trading platforms that typically offer a greater variety of underlying assets (stocks, stock market indices, currencies, commodities, etc.). What makes these platforms special is that they offer a significant leverage effect that allows you to invest in excess of the initial bet. In recent years, some of them have also allowed buying and selling cryptocurrencies with or without leverage. If you want to fully understand the concent, make sure to read on the basics first by asking yourself on what does leverage mean in Forex?
We also advise you to determine the platform that best suits your level and trading style; with a site that is too complex for you, you risk making mistakes. Without further ado, here are the best trading platforms!
Best Trading Platforms
- XTB. Advanced platform without commissions, for active or passive investors.
- eToro. A simple platform ideal for beginners. Attractive price!
- FXFlat. A variety of investments and a team ready to support you!
- Capital.com. Very good platform with a wide range of cryptocurrencies and goods!
- Libertex. Wide range of cryptocurrencies, transparent commissions and spreads.
- FXCM. For experienced traders, especially in Forex
Other trading platforms
We have presented the top 6 trading platforms, but they are not the only ones. If you are looking for a more traditional broker that allows you to access more individual stocks, we recommend DEGIRO.
Separately, it is worth mentioning Freedom Finance, a broker that is one of the few that facilitates access to an IPO. The site even made it their specialty!
Otherwise, other marketplaces have not integrated our rating, either because their pricing conditions are unfavorable, or because these platforms are a little outdated. However, you can check out these platforms: Avatrade, IG, Saxo Bank and CMC Markets.
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