Online trading app without investment

Forex for beginners. 100% bonus
this unprecedented bonus is available for all clients.

Huge forex bonuses

Open a Live Forex Trading Account at Instaforex, online trading app without investment.

Instaforex gives you a unique opportunity to get the 100% bonus on first deposit. You just need to open and top up a live trading account and fill in the application form. You can withdraw all the profit from bonus funds without any restrictions.

Open a live forex trading account at instaforex.

Review forex promos, one is waiting for you!

Instaforex offers its clients the widest range of bonuses:

55% bonus
the 55% bonus is awarded for every replenishment of your trading account. The maximum amount is unlimited. The bonus is valid for every deposit no matter how much you have earned or lost in previous deals. The 55% bonus enables traders to make larger deals on forex.

100% bonus
this unprecedented bonus is available for all clients. Instaforex gives you a unique opportunity to get the 100% bonus on first deposit. You just need to open and top up a live trading account and fill in the application form. You can withdraw all the profit from bonus funds without any restrictions.

Club bonus
in addition to the 30% bonus for every replenishment, all instaforex club card holders enjoy privileges such as bonus specials. Their size depends on deposits and withdrawals from an account. The maximum bonus available to instaforex club card owners is 40%.

Or visit instaforex website directly from HERE!

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Earn money online without investment

Last updated on february 13, 2019

It is already a fact that in today’s world,many people use internet to make money and cover their real life expenses. If you are not making living via the internet,then this article is for you. The only thing you should do is to read the post till the end and start making your first money online. The tutorial is about and will list the real ways to earn money online without any investment or expenditure.

10 real ways to earn money online without investing a dime

Cashcrate.Com – is one of the legit get paid to sites online. I am using them since 2012 and always got paid my earnings on time and without any problems. If you want to make money online without an investment,you can start with cash crate right away. Also you will get $5 as a sign up bonus.

Sparkprofit.Com – offers you to earn quick cash by trading oil,gold,bitcoin and currencies. It is not a forex and you don’t need to invest any money. Sparkprofit is like a game,but pays you money if your predict is correct. For example,you set a rise price for a brent oil for the next hours,days. If market falls you lose points,if market rises you gain points which afterwards can be redeemed for real cash.

Teespring.Com – it changed the whole internet. You can sign up,create a custom t-shirt and easily sell it for a quick bucks.Just yesterday I created a simple tee,shared it on social networks and sold one unit. It is a $8 profit without spending a dime.

Google adsense – you may have heard about this program.You just need a blog and paste an advert code into your posts. You can create a free blog by using blogspot and wordpress. Start a funny images,memes,quotes blog and advertise it using social networks. Once users like your posts,they will share it with their friends and traffic will increase day by day.And within several days,you will see first dollars on your adsense account.

If you got some money,create a blog using bluehost.Com plus you will get $300 worth advertising credits for free. You can use these adwords,bing ads and other coupons to advertise your new blog.

Appnana.Com – is an incredible mobile app for ios and android phones. Use code i14431407 to get 2.500 nanas for free,plus 12.000 nanas signup bonus. The pay via paypal and it is worldwide.

Whaff – is a similar app like appnana,but only for android,no ios version available at the moment. When signing up insert CS29184 and get $0.30 into your account. Many payment options are available with whaff rewards.

Fiverr.Com – sell anything for $5 and get $4 profit. If you don’t know about this site,it is worth to register and create a free gig. It doesn’t need to be a physical product,offer any service you want. And after your balance is cleared,you can cash out using several payment options.

Slicethepie.Com – review music in return of cash. This must be the easiest way to earn money online with no investment. Although it is not active in some countries,it is still the quickest way to make some bucks.

Skylikes.Com – have a facebook page ? Sign up at this website to earn money with your page. Choose one of the viral stories from skylikes dashboard and share it on your FB page. Once you receive legit clicks,your account will be credited with money. Then,you can cash out via payoneer.Com payment processor.

Prolific.Ac – advertisers join prolific and add studies.You complete them and make between 0.50-50 euro per study. You can get paid once you have 5 euro in the balance.

If you want to learn more about making money online with or without investment, you can sign up here for email updates. Sometimes,I share private money methods with my subscribers only. So,it is free to sign up to my list ��

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This post contains affiliate links to products. I may receive a commission for purchases made through these links.

Fxdailyreport.Com

The internet has opened a sea of job opportunities for people who previously had nothing to do. A lot of people are now making a living online either part time or full time. Many of the jobs done online do not require you to make an initial investment to start working. Some of them such as blogging may need you to make a small investment but nothing significant enough to stretch your budget. Below are some of the online job ideas that require little or no investment to begin:

1. Forex trading with no deposit bonus

Forex trading is growing rapidly and attracting new investors every day. In fact, the forex market is now the largest in the world with transactions totaling an average of over 3.98 trillion daily. There have been a lot of developments in the market since the invention of forex trading, making it the most exciting business to venture in.

One of the recent development that is changing the forex market and attracting more investors is the emergence of no-deposit bonus programmes. This means that you can create and operate a forex account without making an initial deposit. Your account will be funded by a broker, and all you have to do is fill a sign-up form.

A few dollars will then be deposited into your account to help start trading. With this arrangement, you will gain some skills in forex, and you have nothing to lose in case the business fails.

2. Affiliate marketing

Affiliate marketing is a digital marketing arrangement whereby a marketer promotes or advertises products from an online retailer for a small commission. An affiliate marketer is a given a unique ID by the retailer, which is used to track the sells made by traffic from the marketer’s affiliate link.

Every time a customer buys something from the online retailer using your affiliate link, you are paid a certain commission, for example, 11% of the total product price. Some of the most popular affiliate marketing programs include:

Forex affiliate programs

Amazon associates

Clickbank

Ebay partner network

CJ affiliate

Target affiliates

JVZOO

Walmart affiliates

Warrior plus

3. Freelance writing

Best Online Business ideas Without Investment

Freelance writing involves writing articles or blog/website content for clients without being permanently employed by them. As a freelance writer, you are not an employee of the company, organization or the individual you write for. All you have to do is complete their writing assignments and move on.

You do not get to enjoy the benefits enjoyed by the employees of the company you work for as a freelance writer. Your contract is to strictly write content, submit them, get paid and that’s all.

There are different types of freelance writing jobs, including:

Newspaper articles

Blog content

Research reports

Speeches

Press release

Business plans

Magazine articles

Case studies

Annual company reports etc

There are a lot of websites on the web where you can sign up and start getting freelance writing jobs. Some of the best are:

Upwork

Iwriter

Fiverr

Freelance

Guru

Peopleperhour

Elance

Freelance writing gigs

4. Virtual assistant

A virtual assistant is someone who is skilled in a particular job and offers their services remotely to companies, private entrepreneurs, and businesses. This means that you work as an assistant to your employer in the comfort of your home. As a virtual assistant, there are a lot of services you can offer based on your training or the skills you possess. These may include:

Making and receiving phones calls

Content writing

Making appointments

Graphic design

Project management

Email correspondence

Data entry

Tech support

Customer service

Planning events

Managing social media accounts

Some of the great websites that you can find virtual assistant jobs include:

Upwork

Freelancer

People per hour

Fiverr

Freelancer

Eahelp

Vava virtual assistants

Zirtual

Virtual staff finder

Flexjobs

24/7 virtual assistant

5. Dropshipping

Dropshipping is a type of retail business where a merchant orders and sells products to consumers without physically owning or stocking them in their stores. What happens is that the merchant purchases inventory from a wholesaler or manufacturer and have them shipped straight to the consumer.

This means that the merchant does not physically come into contact with the products they sell. All they have to do is make arrangements with the manufacturer to ship the products to the consumer without the merchant’s involvement.

Some of the advantages of drop shipping are:

You don’t have to handle the product personally, so you don’t incur shipping expenses or cases of spoilage

It is easy to set up and start selling

You can start the business with a small investment

You can do it from anywhere. You only need a computer and internet connection, and you are good to go

6. SEO service / consulting

Most content creators are beginning to appreciate the role of SEO in helping websites grow. Companies and huge organizations are investing a lot of money into ensuring that their SEO techniques are competitive enough. To effectively do this, they need SEO consultants.

As an SEO consultant, your job is to critically analyze websites and give expert guidance regarding search engine optimization. Some of the basic responsibilities of an SEO specialist include:

Doing keyword research and analysis

Doing on-page SEO optimization

Assigning keywords to specific pages, which is also known as keyword mapping

Troubleshooting any SEO issues such as broken links or missing pages

Doing exhaustive website audits to determine SEO strengths and weaknesses

Ensuring that the site, in general, is SEO friendly

Giving content ideas that improve website SEO

Optimizing existing content to comply with current SEO strategies

Supervising web design and development to ensure SEO compliance

7. Blogging / publisher

A lot of people around the world are making a living from their blogs. To start earning as a blogger, you first create a blog on a specific niche and monetize it. However, before monetizing your blog and start making real income, you have to put in a lot of work.

You have to create high quality content around your specific niche. Then, do keyword research and other SEO strategies such as link building to make your content rank well in the search engines results page (SERP). From there, you have to share your content widely to attract a huge reader base. Some of the most effective ways to monetize and start earning from your blog include:

Selling a product or services such as ebooks or online courses

Selling affiliate products

Signing up for advertising programs such as google adsense

These are some of the most common online business ideas that do not require any investment. You can analyze your options and settle on one that you would feel most comfortable doing. However, do not try to do all of these jobs at once as you will simply get confused and give up before you earn anything.

The best investing apps that let you invest for free

Updated: january 4, 2021 by robert farrington

There are thousands of financial products and services out there, and we believe in helping you understand which is best for you, how it works, and will it actually help you achieve your financial goals. We're proud of our content and guidance, and the information we provide is objective, independent, and free.

But we do have to make money to pay our team and keep this website running! Our partners compensate us. Thecollegeinvestor.Com has an advertising relationship with some or all of the offers included on this page, which may impact how, where, and in what order products and services may appear. The college investor does not include all companies or offers available in the marketplace. And our partners can never pay us to guarantee favorable reviews (or even pay for a review of their product to begin with).

For more information and a complete list of our advertising partners, please check out our full advertising disclosure. Thecollegeinvestor.Com strives to keep its information accurate and up to date. The information in our reviews could be different from what you find when visiting a financial institution, service provider or a specific product's website. All products and services are presented without warranty.

Investing is risky. It comes with few guarantees. The only investing guarantee I can offer is this: everything held equal, the less you pay in fees, the better your returns. And investing apps are making it easier than ever to invest commission-free.

Fees don’t have to stop you from making wise and lucrative investments. Thankfully, we live in the 21st century, and there’s never been a better time to be a small investor.

And now, in today's mobile world, investing is becoming easier and cheaper than ever. Plus, with the investing price war that's been going on, it's cheaper than ever to invest!

Here are the best investing apps that let you invest for free (yes, free). You might also check out our list on the best brokers to invest.

Bonus offer: right now acorns is offering a $10 bonus when you open a new account. Get started at acorns here and start rounding up to invest. Open an account here >>

Forex trading without deposit | no deposit bonus explained

It’s generally known that in order to get started in forex, you need to put a lot of resources into it. And while these resources can be your time and energy, the most straightforward one is, of course, your money.

It’s no surprise that one regular lot is equal to 100,000 currency units – forex trading is definitely an expensive endeavor. However, there are still some ways in which you can start trading forex while maintaining some sort of profitability without spending hundreds of thousands of dollars.

No deposit bonus in a glance

In forex trading you can, in fact, start trading with no money of your own or even making a deposit. With free no deposit bonus offered by the top forex brokers, you can start forex trading without deposit with a good boost.

There is no sense in hiding the fact that FX trading is risky, especially if you are trading without proper knowledge and at least minimal experience. In an attempt to prevail over the risk of losing your money and to stay safe, it is undoubtedly better to start trading with a free forex account or no deposit bonus offered by various FX brokers. Especially if such deals are not so rare at this time and even best forex brokers sometimes offer such deals.

It is always better to preview all conditions that offer you an option to trade without money of your own. So, be sure to start forex trading without a deposit now and get yourself a good and reliable deal!

But let’s say that although you’ve learned how to start deposit free forex trading, it’s still too risky for you. Thankfully, there is an alternative. One way to start trading with a broker is by opening a free forex demo account for beginners. A demo account will allow you to try your hand at trading on the real market without ever touching real money. One of the best brokers to try a free demo account with would be FXTM. If you don’t want to be working with FXTM and want access to a reliable forex broker that offers its services around the globe, alpari offers a similar service, including forex trading demo accounts. If you are a US citizen that wants to trade with local brokers, then you should go for forex.Com, who offer their services within the US and are known to be one of the best brokers in the world.

Transparent pricing and fast, reliable trade executions on over 80 currencies

Start trading with the largest forex broker in the US

How to start forex trading without deposit: tips & recommendations

As a matter of fact, a lot of brokers worldwide try to offer their clients those no deposit deals, and we’ve even seen some trading apps without deposit popping up here and there. Do not perceive this as an act of generosity though, those bonuses serve as a sort of protection for them also. But still, this is good for you if you want to start forex trading without a deposit.

Here are some of the main considerations that can help you spot a decent no deposit bonus:

If you somehow dislike conditions and terms offered by the broker – simply skip the promotion. Let’s investigate the ways that may help you find the best bonus in FX. First of all, bonuses must be easy to understand and transparent in general conditions. If you see non-explicit information presented, avoid the promotion or ask the broker for clarification.

If you wish to take part in the particular promotion and start forex trading without investment, then do not overlook terms and conditions. Even the smallest detail must be in your sight. A free bonus is actually not always 100% free. Some brokers may ask you to deposit some money in order to collect your profits. Indeed, such promotions are scams.

Be attentive, because some forex brokers can demonstrate a good opportunity with their no deposit bonus, however it may ask to complete the trading volume requirement. Stay away from the bonus that asks to complete more than 1 lot for $10 to further unlock the profits and balance.

Bonuses can vary in terms of geographical location requirements. Therefore, ensure that FX bonus accounts of the broker are given in your country as well if you desire to start forex trading without investment. Furthermore, there can be account restrictions. This means that no deposit bonuses may not always be available for every account at a particular broker. Thus, check whether you applied for a correct account.

In addition, make sure what instruments can be traded to withdraw your profit before you begin trading as sometimes FX bonus accounts are not available for some of them. As for the withdrawal, some forex bonus brokers limit the maximum profit available to withdraw from the account. So, do not miss this field before you start trading on your no deposit FX bonus account.

Bonuses are frequently represented only in 1 currency equivalent. However, there are many no deposit bonuses that evaluate a similar amount in your local currency, so doing your research in order to figure out how to join forex trading without making any deposits is a good way for ensuring success in the long run.

Not ready for live trading? Try IQ option demo account!

Practice your trading skills with free $10,000 practice account!

How to start forex trading without a deposit?

As one of the cases, no deposit bonus may come with SMS verification. It is recommended to make sure that you have the right phone number prior to start applying for the bonus.

One of the last tips that can help you find a trustworthy no deposit bonus, or at least help you get through a scammer, is to save the terms and conditions document as a .Pdf file. Do this even if you deal with the best no deposit forex bonus account. You can use the help of your account manager and ask him to confirm all the statements of the bonus promotion in which you participate.

Start forex trading without deposit: introduction to best no deposit bonuses

Although there are very good no deposit bonuses offered by industry leaders and most proficient brokers, you should understand one fact: FX bonuses without a deposit are most frequently offered by bad brokers. That is the very reason why you should be very careful not to get entangled with a scammer.

All this leads to us stressing how important it is to be attentive at all times, so be attentive to details when researching how to start trading with no deposit bonuses. Fortunately, we have examples of the best brokers/investment firms.

Start forex trading without investment: XM forex broker

To begin with, XM is recognized by the united kingdom-based organization – investors in people for its powerful efforts in developing individuals to realize their entire potential and achieve both individual and corporate goals. We should also admit that this organization provides a huge amount of proven tools and resources specially designed to complement its unique framework with an aim to boost performance and indeed maximize sustainability. XM achieves this standard by showing that it is a driving force in the online trading sector and is committed to the provision of services and products of the best quality. How to start forex trading without money? If you are interested, you can claim the XM 30 USD no deposit bonus!

Get your 30 USD no deposit bonus with XM, and start trading today

*clients registered under the EU regulated entity of the group are not eligible for the bonus

No deposit bonus as an alternative – is it worth it?

So, now that you know what no deposit bonuses are and how they work, one question remains active: is it actually worth it to sign up for one yourself? Will you get any significant benefit from it?

The answer to that question is subjective; some traders can definitely find use in this type of promotion by amassing a small account balance and then turning it into a full-blown trading career. But in order to do so, you need to be very careful not to catch a scammer instead of a legitimate promotion issuer.

As for other traders, they often prefer spending their own money, which gives them more incentive to be more careful in the market – after all, it’s their own money they’re risking.

So, suffice to say no deposit bonuses have their time and place; one just has to seize that exact moment.

Stock market game

Compete, risk free with $100,000 in virtual cash

Start with $100,000 in virtual cash and put your trading skills to the test! Compete with thousands of investopedia traders and trade your way to the top!

Connect with over 700,000 worldwide

Interact with other traders from diverse backgrounds and experiences, and learn the methods behind their trades to become a better investor.

A stepping stone to the real markets

The ideal platform to get your financial feet wet! Submit trades in a virtual environment before you start risking your own capital.

Test your skills with trading challenges

Join or create challenges with your friends and other investors. Compete to see who has the best investment results daily.

Have you thought about buying stock in a certain company but just didn’t have the cash to make a trade? Or perhaps you heard news about a company and thought to yourself that the stock price was poised to rise? Or maybe you have always just wanted to know more about picking stocks? Thanks to virtual stock exchange technology, stock market simulators (aka stock market games) that let you pick securities, make trades and track the results — all without risking a penny—are as close as your keyboard or cell phone.

What is a stock market game?

Online stock market games are simple, easy-to-use programs that imitate the real-life workings of the equities markets. Most stock market games give users $100,000 in pretend money to start. From there, players pick to purchase; most of the stocks are those that are available on the new york stock exchange (NYSE), nasdaq and the american stock exchange (AMEX).

Most online stock simulators try to match real-life circumstances and actual performance as much as possible. Many even charge broker fees and commissions. These charges can significantly affect an investor's bottom line, and including these in simulated trading helps users learn to factor these costs in when making purchasing decisions. Along the way, they’ll also learn the basics of finance and learn the basic terminology of investing, such as momentum trading, shorts and P/E ratios.

Some caveats

These useful skills can be applied to an actual trading account. Of course, in the real world, there are numerous factors that affect trading and investment decisions, such as one's risk tolerance, investment horizon, investment objectives, taxation issues, need for diversification, and so on. It is impossible to take investor psychology into account because actual hard cash is not at risk.

Also, while the investopedia stock simulator comes close to replicating the real-life experience of trading, it does not currently offer a real-time trading environment with live prices. However, for most users, the 15-minute lag in trade execution will not be an impairment to their learning experience.

Investopedia’s stock simulator: play your way to profits

The investopedia stock simulator is well integrated with the site’s familiar educational content. Using real data from the markets, the trading occurs in context of a game, which can involve joining an existing game or the creation of a custom game that allows the user to configure the rules. Options, margin trading, adjustable commission rates and other choices provide a variety of ways to customize the games. From there, an easy-to-navigate menu lets users update their profiles, review holdings, trade and check their rankings, research investments and review their awards (which can be earned for completing various activities).

Best free trading apps in 2021

Mobile apps became very popular. They make your life a lot easier. There is an app for everything now. You can buy flight tickets, book a hotel or trade on the stock exchange.

There are a lot of trading apps out there so, to save you time, we selected the best free trading apps for you. Apps providing free stock and ETF trading are gaining popularity, so it is worth taking a look at them if you don't want to spend fortunes on your trading fees!

What are trading apps great for?

Trading apps can be used for trading, learning, charting, finding trading ideas, and also for market data and news. Some of the apps offer all of these features, while others only a few. Don't worry, we have made trading app top lists for all of these features!

Trading apps are usually offered by financial companies such as online brokers or banks. These apps can be great add-ons to your web or desktop trading platform, but they can also be the flagship product of a company, for instance in the case of robinhood and freetrade.

We see trading apps as excellent complementary tools to web-based trading platforms and other financial portals. When you want to buy a stock, you can make fundamental or technical analyses on a computer more conveniently, but it's easier to follow the price of the stocks you've already bought through a trading app. You can also intervene faster via an app, when, for example, you quickly need to sell your stocks.

And now, let's see the best free trading apps in 2021!

Best free trading apps in 2021

app	approves clients from	app score	US stock trading fee
robinhood	US	5.0 stars	$0.0
trading 212	globally	4.9 stars	$0.0
merrill edge	US	4.8 stars	$0.0
TD ameritrade	US, china, hong kong, malaysia, singapore, thailand, taiwan, canada (through TD direct investing)	4.8 stars	$0.0
freetrade	UK	4.7 stars	$0.0

Just to make it clear again: with these apps, you can trade stocks and etfs for free.

Besides the best free trading apps, we have also selected the best trading apps for charting, trading ideas, market data, news, and learning.

Best trading apps for other features in 2021

Name	best apps	score
best apps for charting a nd trading ide as
tradingview	best app for charting	5.0
stocktwits	best app for trading ideas	5.0
best apps for market data and news
investing.Com	best app for market data	5.0
bloomberg	best app for market news	5.0
best apps for learning
invstr	best app for learning to trade	5.0
trading game	best app for learning forex trading	4.0

Now, let's take a closer look at the best trading apps in 2021!

Compare brokers in nigeria

For our nigeria comparison, we found 18 brokers that are suitable and accept traders from united kingdom.

We found 18 broker accounts (out of 147) that are suitable for nigeria.

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About XTB

Platforms

Funding methods

82% of retail investor accounts lose money when trading cfds with this provider.

Avatrade

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About avatrade

Platforms

Funding methods

79% of retail investor accounts lose money when trading cfds with this provider.

Forex.Com

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About forex.Com

Platforms

Funding methods

79% of retail investor accounts lose money when trading cfds with this provider

Plus500

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About plus500

Platforms

Funding methods

71.4% of retail CFD accounts lose money

Axitrader

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About axitrader

Platforms

Funding methods

68.5% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Etoro

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About etoro

Platforms

Funding methods

71% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you can afford to take the high risk of losing your money.

XM group

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About XM group

Platforms

Funding methods

78.04% of retail investors lose money when trading spread bets and cfds with this provider.

Easymarkets

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About easymarkets

Platforms

Funding methods

83% of retail investor accounts lose money when trading cfds with this provider.

Thinkmarkets

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About thinkmarkets

Platforms

Funding methods

Losses can exceed deposits

Trade.Com

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About trade.Com

Platforms

Funding methods

71.36% of retail investor accounts lose money when trading cfds with this provider.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The ultimate guide to

The nigerian financial market

Now africa’s largest economy, and home to almost 200 million people, nigeria has experienced an impressive period of growth over the last 10 years. This can be mainly attributed to the country’s oil production industry, which has powered periods of growth but has also left the country susceptible to recent instability in global oil prices.

As a member of OPEC , nigeria ranks as the world’s 8 th most important oil producer at 1,797,000 barrels per day, with estimated reserves of 35 billion barrels. Crude oil accounts for 15 per cent of the country’s GDP , 77 percent of total exports and 70 percent of government revenues. In addition to crude oil, nigeria has become a leading exporter of liquefied natural gas (LNG), which makes up 15.5 percent of its exports. The next largest sector of the nigerian economy consists of agriculture, which employs 60 percent of the workforce and makes up 26 percent of GDP. Nigeria’s main agricultural products include yams, rice, millet, sorghum and livestock.

All of this period of growth, as well as any instability, has been reflected on the nigerian stock exchange (NSE) . The NSE is a self-regulating organization that oversees operations on the exchange and aims to maintain participants’ confidence and market integrity.

The exchange is overseen by nigeria’s financial regulator, the securities and exchange commission (SEC), nigeria . Under the supervision of nigeria’s federal ministry of finance, SEC nigeria regulates all of nigerian capital markets. The agency was founded in 1960 and in 1962 became an essential arm of the central bank of nigeria.

Trading in nigeria

When looking for an online broker to trade forex or cfds with, make sure to choose a well-regulated broker that has a strong reputation with clients, since they should be suitable for entrusting a margin deposit with them.

Online brokers generally offer several trading account for traders, including:

Forex trading: exchanging one currency for another forms the basis of forex trading. Exchange rates fluctuate as one currency rises or falls relative to another in particular currency pair. The popularity of forex trading has expanded greatly once online trading became possible. The forex market is the most liquid and largest financial market globally and had a daily turnover of $5.1 trillion/day in april 2016, according to data compiled by the BIS .

CFD trading: making transactions in derivative financial instruments known as contracts for difference (cfds) allows traders to speculate on the future of their underlying assets. Such assets can consist of a currency pair, commodity, stock, stock index or other financial instruments.

Demo accounts: funded with virtual money, these accounts can be used to practice trading, test a strategy or check out a broker’s services and platform. Find out more on opening demo accounts here .

Islamic accounts: these are suitable for traders who wish to trade in an account that conforms to sharia law. Find out more on trading with an islamic account .

As far as trading nigerian securities are concerned, the nigerian stock exchange (NSE) offers their services to african enterprises and investors around the world. To invest in the nigerian equities market, investors can purchase securities directly from the primary market when new issues and offerings come out, or by trading in the listed securities on their secondary market platform.

To buy securities in the primary or secondary markets, an investor must first appoint a stockbroker or dealer registered as a dealing member of the NSE to facilitate trading once the account is open. The responsibility of clearing and settlement of NSE transactions then falls on the central securities clearing system plc. (CSCS), which is the licensed depository in the nigerian capital market.

To open a trading account in nigeria, the prospective client will need to submit documents that meet regulatory know-your-client (KYC) requirements. The exchange recommends potential investors confirm the broker’s status with the NSE and SEC and to meet with the broker-dealer firm to ensure that their services match the client’s specific needs.

Domestic and foreign investors who wish to operate on the NSE can hold assets domiciled with the CSCS directly with their appointed dealer or through a licensed custodian appointed by them.

Opportunities for trading in nigeria

Nigeria is africa’s largest economy , has the largest population, and is the continent’s largest oil producer. The country’s largest city, lagos, makes up the 5 th largest economy on the african continent. The country has vast deposits of natural resources such as iron ore, coal, niobium, bauxite, lead and tin, as well as natural gas and of course crude oil.

The nigerian market’s strengths include a young and educated population, a large consumer base with a growing middle class and many public and private partnerships (ppps) for developing infrastructure. Clearly, opportunities for doing business in nigeria exist, but only for those with the patience and foresight to see their efforts come to fruition.

Biggest challenges of trading in nigeria

Nigeria poses some daunting challenges to investors and traders, including the high cost of doing business and some serious risks to public safety due to military coups and internal struggles.

In recent times, nigeria has been torn by a series of military coups and currently faces the threat of the islamic-state-aligned boko haram. The internal struggle between boko haram and indigenous and christian populations has seen thousands of people die over the past few years, with islamic law now imposed in several northern states.

Nigeria’s national currency, the naira has fallen dramatically since 2014 when the naira traded at 166 to one U.S. Dollar. In june of 2016, the naira declined by 30 per cent against the U.S. Dollar after the nigerian central bank removed its currency peg of 197 NGN to USD, which the bank had held for 16 months.

The central bank sold a total of $614.5 million directly on the interbank market for between 280 and 285 NGN. Since then, the exchange rate has declined to its current 360 to one U.S. Dollar, due to declining oil prices and the country’s political instability.

When it comes to practical matters for new businesses planning on opening an office, like dealing with registering property and getting electricity, nigeria ranked among the lowest in sub-saharan african nations countries at 184th and 171st respectively on the world bank’s list . Nigeria also ranked 149th for ease of dealing with construction permits.

When it comes to starting a business nigeria also ranked low at 120th, while the country ranked somewhat better at 38th for protecting minority investors. Taken overall, these low rankings suggest a challenging environment for opening or operating a business in nigeria.

Summary

Considering the pros and cons of doing business in nigeria, the nation’s continued internal political struggles and low world bank rankings have hampered economic growth and foreign investment.

Nevertheless, once some of the country’s internal struggles get resolved, nigeria’s abundant natural resources and large employable population could present an excellent opportunity for large and mid-sized companies.

When searching for a broker to operate through in nigeria, traders should check to see that they offer a suitable range of asset classes, a decent trading platform, strong regulation and adequate financial security for a margin deposit.

Why choose XTB
for nigeria?

XTB scored best in our review of the top brokers for nigeria, which takes into account 120+ factors across eight categories. Here are some areas where XTB scored highly in:

16+ years in business

Offers 1,500+ instruments

A range of platform inc. MT4, mirror trader, web trader, tablet & mobile apps

XTB offers three ways to tradeforex, cfds, social trading. If you wanted to trade EURUSD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

XTB have a AAA trust score. This is largely down to them being regulated by financial conduct authority, segregating client funds, being segregating client funds, being established for over 16

Best investment apps

The best brokers and robo-advisors for mobile users

We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Learn more about how we review products and read our advertiser disclosure for how we make money.

With so many different types of online stock brokers and robo-advisors available to investors, it can be tough to choose one that works best for you. That’s why we put these U.S.-based firms through a comprehensive review process that included hands-on research to determine the best in the industry.

Over the last few years, brokers and robo-advisors have increasingly adopted the mantra, “mobile-first.” as more investors and traders use tablets or smartphones as their primary platform, these firms have made efforts to improve their mobile apps, which in turn attract more mobile users. The best online investing apps offer a consistent experience between desktop and mobile platforms, including sharing watch lists and alerts as well as tools such as stock screeners and depositing checks into your account. The best robo-advisor apps keep you in touch with your progress towards your investing goals and make managing your cash simple.

Best investing apps:

Wealthfront: best automated investing app

TD ameritrade: best self-directed trading app

Betterment: best app for beginners

Interactive brokers: best app for active traders

Tastyworks: best app for options traders

Wealthfront: best automated investing app

Account minimum: $500

Fees: 0.25% for most accounts, no trading commission or fees for withdrawals, minimums, or transfers. 0.42%–0.46% for 529 plans

Wealthfront won our award for the best robo-advisor of 2020 with a full package of goal-setting, planning, banking, and investing delivered in an elegant, user-friendly platform and mobile app. If you are looking for financial guidance and don’t require it to come from a human, wealthfront offers fully digital investing for a very competitive price. Wealthfront’s goal-setting and planning technology is excellent and should serve as a model for other robo-advisors to emulate. Setting up a wealthfront account gives you access to path, the free financial planning tool that integrates your account data and uses third-party data to better project your financial situation.

The mobile apps, native ios and android, are designed to be extremely simple to use with minimal typing. Data inputs, such as dates and monthly deposits, are displayed on sliders or drop-down menus to avoid making typos. When linking external accounts, however, you still have to enter your user ids and passwords. The workflow for a new account is logical and easy to follow.

Wealthfront has taken huge strides towards its corporate goal of offering what it calls self-driving money with the launch of autopilot, which monitors bank accounts and moves funds above your monthly spending needs into an investment account or wealthfront's high-yield savings account. Wealthfront's cash account is offered in partnership with green dot bank and includes features such as mobile deposit and a network of fee-free atms.

Terrific financial planning that helps you see the big picture.

Goal-setting assistance goes in-depth for large goals, such as home purchases and college savings.

If you have multiple goals, path shows you the trade-offs you’ll face.

Portfolio line of credit and tax-loss harvesting available.

No online chat for customers or prospective customers.

Portfolios under $100,000 are not customizable beyond risk settings.

Larger accounts may contain more expensive mutual funds.

TD ameritrade: best stock trading app

Account minimum: $0

Fees: free stock, ETF, and per-leg options trading commissions in the U.S., as of october 3rd, 2019. $0.65 per options contract.

TD ameritrade has the distinction of being our pick for the best overall stock trading app in our 2020 online broker review. In fact, TD ameritrade has two of the best apps for stock trading as it allows investors to select between the TD ameritrade mobile app and thinkorswim mobile. Either app is excellent for stock trading, but the TD ameritrade mobile app is geared towards basic investing with an excellent account summary, price alerts, and a wealth of news and research. Buy and hold investors, in particular, will be able to do their trading through the mobile app, freeing them from having to deal with TD ameritrade’s more cluttered desktop interface.

For traders and more active investors, the thinkorswim mobile platform is an acceptable substitute for the full desktop trading platform. Generally, we review the trading functions of mobile apps through the lens of position maintenance while away from the full platform, but thinkorswim and a select few other apps have reached the point where a trader can reasonably plan, assess, and open complex trades on the go. The thinkorswim mobile app workflow for options, stocks, and futures is intuitive and powerful. Traders will find lots of bells and whistles that make the mobile app a complete solution for most trading purposes, including streaming real-time data and the ability to trade from charts. Both apps are very similar to the full platform experiences, so transitioning back and forth is very fluid.

TD ameritrade mobile apps are well-designed and give investors the choice between an investment-focused app and a trading-focused app.

Both apps give customers a simple one-page experience where they can quickly check in on the markets and their account.

Watchlists and customizations sync across all TD ameritrade platforms, including both mobile apps.

All available asset classes can be traded on the mobile apps.

The tools and features available in the apps differ by design, but hybrid investors (swing traders, for example) may find themselves switching between the two to get access to the tools and analysis they need.

Numerous website and platform outages were reported during august 2020.

Interest on uninvested cash earns a very low rate of interest.

Betterment: best app for beginners

Accountminimum: $10

Fees: 0.25% (annual) for digital plan, 0.40% (annual) for the premium plan

Betterment is our top choice for beginners because its platform is intuitive, user-friendly, and full of educational resources.

Betterment boasts one of the easiest accounts to set up, and the process is optimized for mobile devices. Users enter their age, annual income, and a goal. There are none of the standard risk-related questions. Instead, betterment presents you with an asset allocation suggestion and its associated risk, which you can change by adjusting the percentage of equity versus fixed income held in the portfolio. Betterment offers five portfolio types and clients can switch strategies after a portfolio is funded. The platform will even tell you if there are any tax implications prior to making a change.

The firm launched its cash management offerings, betterment checking and betterment cash reserve, in april 2020. The checking account includes a debit card and reimburses ATM fees and foreign transaction fees. In june 2020, betterment added mobile deposit capability to its checking account offering. With two-way sweep enabled, cash is swept from the checking account into the reserve account, which pays a higher rate of interest.

Quick and easy account setup, even on a phone.

You can sync external accounts to individual goals.

Add a new goal at any time and track your progress with ease.

Easily change portfolio risk or switch to a different type of portfolio.

Checking and cash reserve features offer two-way sweep.

Users of the free planning function are constantly nudged to fund a betterment account.

The standard plan incurs a charge of $199–$299 to talk to a financial planner.

Socially responsible portfolios are invested in exchange-traded funds (etfs) so are less controllable.

There are no borrowing options against your portfolio.

Interactive brokers: best app for active traders

Account minimum: $0

Fees: maximum $0.005 per share for pro platform or 1% of trade value, $0 for IBKR lite

TD ameritrade has the best apps for stock trading overall, but interactive brokers has the edge when it comes to active trading. This shouldn’t come as a surprise as interactive brokers took nearly every important trading category in our 2020 review with the exception of options trading. Whether you are using the powerful traders workstation (TWS) or the mobile app meant to give you the core features on the go, interactive brokers is geared for active traders. The interactive brokers app has nearly all the functionality of the firm’s web-based platform, but it is understandably limited in comparison to the TWS desktop app. That said, you can queue up trades for all asset classes and data streams in real-time.

Interactive brokers’ mobile app is one of the very few that make it possible for traders to assess the market and open new positions on the go as opposed to simply monitoring existing trades. While the mobile app has great research, excellent charts, and a wide selection of indicators, the lack of drawing tools and some other limitations will still result in most active traders preferring the full-featured TWS experience when possible. Compared to other mobile apps for active traders, however, interactive brokers’ app is a step ahead.

Interactive brokers’ mobile app comes close to mimicking the website experience with full order ability and the scanners and alerts active traders expect.

An intuitive trading workflow through the app is combined with the ability to set order presets for faster entry.

Mobile charts come with a suite of useful indicators for quick trading decisions.

Data streams in real-time across only one platform at a time. That said, only traders who have a multi-device approach to their workflow will be affected by this limitation.

There are no drawing tools in the mobile app.

Tastyworks: best app for options traders

Accountminimum: $0

Fees: $0.00 stock trades, $1.00 to open options trades $0.00 to close

Tastyworks does not suffer from a lack of focus. The brokerage is very focused on options traders, and this focus has allowed tastyworks’ mobile app to unseat interactive brokers in this area. While interactive brokers is still the standard for active traders, traders who are mainly using options strategies will find tastyworks’ app a better fit.

The tastyworks mobile workflow is designed for options order entry, making the process quick and intuitive. Options traders use drag and drop to choose the legs of an options spread, eliminating keyboard entry. Despite this ease of entry, the tastyworks mobile app is better thought of as a short-term substitute for the desktop platform. While you can enter new positions and exit existing ones, the app lacks some of the features available in the desktop platform for researching and analyzing trades. For heavy options trading, it is difficult to match the full feature set and extra visual space that comes with the desktop platforms.

Traders can use a drag and drop selection for options legs in the tastyworks mobile app.

The tastyworks app is streamlined for options trading. There are no unnecessary features and nothing to distract from the core function.

Tastytrade video feed is available through the mobile app.

You can’t open an account through the tastyworks mobile app.

The app won’t replace the desktop for heavy traders, but it can be used to monitor and exit existing positions.

The evolution of investing apps

TD ameritrade and others have now refined their app experience to a point where a majority of investors can take a mobile-only approach to their portfolio. However, traders and more active investors may never reach this point completely, depending on the strategies they are employing and how complex the trades are. These more desktop-dependent investors still benefit from having the ability to monitor their trades on the go and even open up new positions within reason.

It is worth reflecting back on how far the mobile apps of online brokerages have come. The vast majority of mobile apps are stable platforms with streaming data and functional workflows. This wasn’t the case as recently as five years ago when it was difficult to synchronize watchlists between platforms. As brokers and robo-advisors have embraced cloud processing and data storage, it's become the industry standard to offer the same experience on a mobile device as one might have on a desktop platform or website. That is a significant amount of progress for the investing industry overall. We can still pick at layouts and argue about which functions deserve to be included in the mobile version, but the fact remains that investors are closer than ever before to having the market in their hands.

Desktop vs. Mobile experiences

Rather than producing different apps for their customers who trade on the road, brokers now strive for a consistent experience between desktop and mobile platforms, including sharing watch lists and alerts as well as tools such as stock screeners, portfolio analysis, and depositing checks into your account. Streaming data has made its way to mobile apps along with advanced charting and educational offerings. We’ve seen complex options analysis and trading enabled as well. With the availability of computers in our pockets, the way people interact with their trading and investment accounts have forced brokers to offer mobile apps along with their traditional desktop platforms.

Methodology

Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. Our reviews are the result of months of evaluating all aspects of an online broker’s platform, including the user experience, the quality of trade executions, the products available on its platforms, costs and fees, security, the mobile experience and customer service. We established a rating scale based on our criteria, collecting thousands of data points that we weighed into our star-scoring system.

In addition, every broker we surveyed was required to fill out an extensive survey about all aspects of its platform that we used in our testing. Many of the online brokers we evaluated provided us with in-person demonstrations of its platforms at our offices.

The best stock trading apps offer a consistent experience between desktop and mobile platforms, including sharing watch lists and alerts as well as tools such as stock screeners and depositing checks into your account. Streaming data, advanced charting, complex options analysis, and trading and educational offerings are key features to have to earn a top rating in this category.

Our team of industry experts, led by theresa W. Carey, conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels. Click here to read our full methodology.

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