Choosing a forex trading app as a beginner has a lot to do with your trading habit & strategy. For higher risk trading strategies like short selling, you will need an app that offers above average risk management tools. As a beginner, you don’t need a complex app, but a more easy app to understand. In this article, we will take you through on how to make the right choice of forex trading apps. This will also help you to find your perfect trading style. What Are the Forex Trading Apps? Forex trading apps are application used to check market data and trade forex. You can download these apps on your phone or tablet which allows you to trade forex and other financial instruments. Forex trading apps can be installed for free by forex brokers. Some of these trading apps are proprietary, that is, developed in-house by a broker. However, some other popular apps are developed by third-party companies. The important thing is that proprietary forex trading apps are easier to set up and operate by beginners. Forex trading apps will allow you to open either a demo account or a trading account to buy and sell instruments. You can then deposit and withdraw funds from your broker. Providing real-time market data, price alerts, display news and analysis, with tools to manage your risks. What Are The Best Forex Trading Apps In Nigeria? Below are the best forex trading apps you can download in Nigeria; 1. AvaTrade Forex Trading App – Trading App with Great Risk Management AvaTrade trading app is also be called AvaTradeGo. It has an advanced risk management tool called AvaProtect. This tool returns any money you lost while trading forex & gold CFDs back to your account. It also provides a stable trading experience with an advanced dashboard. It contains features like clear charts or zoom for details, management tools, and market trends features. To be able to use all these features you need to pay a fee which expires after some period. The minimum lowest fees is 100 USD deposit which is as low as 0.9 pips on the EUR/USD. While the trading cost is 9 USD. In April 2020 AvaTradeGo was voted the best forex trading apps at the global forex awards. AvaTradeGo Attributes AvaTradeGo Regulation Pros Cons 2. Exness Forex Trading App– Best Forex Trading App For MT4 & MT5 Accounts Exness Forex trading app is a seamless and transparent trading app. It is a leading global forex trading app that has gained a strong foothold in the Nigerian forex trading market. It also offers a large range of advanced trading platforms, competitive spreads and cutting-edge technologies. Exness Forex Trading Platforms This offers various selections of trading platforms to handle the needs of different traders. This includes; Exness Attributes Exness Regulation Pros Cons 3. FXTM Forex Trading App – Best App for Automated Trading FXTM forex trading app allows traders to access their complete range of CFDs. You can choose from over 1,000 instruments to trade from. These instruments include forex, 180 company shares, spot metals, commodities, cryptocurrencies and indices. You can open and close positions in seconds with FXTM, and get live currency rates. It manages your trading accounts and supervises your FXTM invest copy-trading account. It was established for forex in 2011 and it is regulated by the UK’s FCA and FSC in Mauritius, and also CFD broker. FXTM Attributes; FXTM Regulation Pros Cons 4. Octa FX Forex Trading App – Best Copy Trading OctaFX Forex trading app is a well-regulated trading platform across all mobile devices and it is also known for its range of bonuses and promotions. OctaFX copy trading app can be easily used on iOS and Android devices. Traders can choose from any of the three trading account options, each of these accounts has a minimum of 20 USD deposit and spreads down to 0.6 pips (EUR/USD). Clients are allowed to choose from a list of master traders to compare their gain, commission amount. Once you have compared all this, you can start copying their trades automatically. The app has well-detailed statistics on trading performance. Traders can stop their copy trades manually at any time. OctaFX Trading Attributes; OctaFX Trading Platforms; Pros Cons 5. XM Forex Trading App – Fastest Execution Speed XM Forex trading app supports MT4 and MT5 accounts. Each account offers tight spreads such as a micro account, standard account and commission-based XM zero account. XM zero account starts at 1.6 pips of EUR/USD on the Micro and Standard Accounts. The spread is down to 0.1 pips with a commission of 7 USD round trip. XM Forex App Attributes; XM Regulation Pros Cons 6. HFM (formerly known as Hot Forex) – Best App for Forex Analysis HFM is a forex trading app which offers commodities, shares, bonds, and indices. The HFM forex trading app is known for its user-friendly platforms, comprehensive resources and competitive trading conditions. The app features consist of in-app fund transfers, copy-trading accounts and advanced charting. HFM App Attributes; HFM Regulation Pros Cons 7. Skilling Forex Trading App – Best Trading App for Beginners The Skilling Forex trading app is available on Android and iOS devices. Skilling app is a well-designed app for beginners to find easy to use. There is a trading assistant that will walk you through the app. Traders can easily transfer, withdraw and deposit funds and many more. There are many instruments to use like watchlists, technical indicators charts in multiple time frames, etc. It provides educational materials and market trending news. Skilling Trader Attributes; Skilling Regulation Pros Cons How To Select The Best Forex Trading Apps To be able to stay updated with the latest market trends, access, charts, and conduct technical analysis you need to choose the best Forex trading app. Doing this will make it easy for you to place trades from your smartphone or tablet. There are so many apps out there, so there are a few important things you need to