8 Best Crypto Trading Robots in Nigeria
The 8 Best Crypto Trading Robots in Nigeria revealed. We tested and verified the best Crypto Trading Robots for Nigerian Traders.
This is a complete list of Crypto Trading Robots in Nigeria.
In this in-depth guide you’ll learn:
- What is a Crypto Trading Robot?
- Who are the best low-minimum deposit crypto trading robot brokers for Nigerians?
- Everything you need to know about trading bots in crypto
including arbitrage trading in Nigeria. - Our recommended EIGHT crypto trading robot brokers for Nigerian Beginner Traders?
- How to compare crypto trading robots against each other?
- How and can I trade crypto with $5 (2 096 NGN)?
- Which brokers offer a signup bonus on a $5 (2 096 NGN) deposit?
- Which Auto Crypto Robots offer a low minimum deposit of $5 (2 096 NGN) for first-time traders?
And lots more…
So if you’re ready to go “all in” with the best-tested Crypto Trading Robots in Nigeria…
Let’s dive right in…
- Louis Schoeman
Best Crypto Trading Robots in Nigeria – Comparison
| 💻 Trading Bot | 💰 Pricing | 💵 Trial Period | 📊 Features | 📈 Exchanges |
| 1. Pionex | 0.05% Maker and Taker Fee | 89 days | • 6 Trading Bots • Grid Trading Bot • Spot-Futures Arbitrage • Risk Management Orders | • Binance • Huobi Global • Pionex |
| 2. KuCoin | Free | N/A | • Classic Grid • Futures Grid • DCA • Margin Grid • Infinity Grid • Dynamic Rebalancing | • KuCoin |
| 3. Bitsgap | • Basic Plan ($19) • Advanced Plan ($44) • Pro Plan ($110) | 7 Days | • BTC trading program • Web-based • Grid Bot • Smart Orders • Futures Bots | • OKX • Binance • Kraken • CEX.IO, etc. |
| 4. Crypto Hopper | • Free Basic Plan • $19 to $99 monthly | 7 days | • Arbitrage • Copy Trading • Market Maker • Mirror Trading • AI • 90+ Candle Patterns | • OKX • KuCoin • Bitpanda • Huobi Global • Poloniex • Kraken, etc. |
| 5. 3Commas | • Starter ($22 – $29) • Advance ($37) • Pro ($75) | 3 days | • APIs • Stop-Loss, Take Profit, Trailing Stop Loss, etc. • Active community • Copy Trading Strategies | • Binance • Kraken • HitBTC • Gate.io • Coinbase Pro • OKX • Huobi Global, etc. |
| 6. Mudrex | • Free • Premium ($16) | N/A | • Performance Score feature • Strategy Builder • External Signals • Backtesting • API Integration | • OKX • Coinbase Pro • Binance • Binance US • Derbit • Bybit • BitMEX |
| 7. Shrimpy | • Starter ($19 per month) • Pro ($79 per month) • Enterprise ($299 per month) | 7 days | • Social Portfolio Management • Portfolio tracking and automation • Shrimpy API’s • Smart Order Routing, etc. | • KuCoin • Coinbase Pro • Binance US • Huobi Global • OKX • Gemini, etc. |
| 8. TradeSanta | • Free Plan (max 2 bots) • Basic Plan ($10.5) • Maximum Plan ($70) | 5 days | • Several indicators • Mobile iOS and Android App • Customized Bots | • Binance • Bitfinex • Upbit, etc. |
8 Best Crypto Trading Robots in Nigeria (2023)
- Pionex – Overall Best Trading Robot in Nigeria
- KuCoin – Most Prominent Cryptocurrency Exchange
- Bitsgap – Best Trading Platform Support
- IC Markets – Best Broker for Beginner Traders
- Mudrex – Top Trading Strategies
- Shrimpy – Easiest Navigation for New Traders
- TradeSanta – Best Automated Crypto Trading Bot
What is a Crypto Trading Robot?
👉 Using trading bots, crypto investors could automate the purchase and sale of positions depending on important technical indicators. In competition to achieve the greatest “win rate,” or proportion of winning transactions, trading bots use certain trading methods.
👉 There are several trading techniques based on a few indications, and if you currently trade based on indicators, a trading bot may be able to assist you in streamlining this process. Before using a cryptocurrency trading bot, determine which platform best suits your requirements.
👉 There are several trading bots available on the market, allowing you to pick one that meets your requirements. Before subscribing to a trading bot, it is also an innovative idea to begin a free trial, if feasible. This will help you determine whether the automatic trading program is suitable for you.
1. Pionex
Overview
👉 Pionex is a cryptocurrency exchange with trading bots built in. You get access to 18 distinct trading bots, and registration is free. These bots enable you to automate your investment plan, removing the need to continually watch the market.
👉 Pionex has cheap trading commissions and a well-developed mobile application. We feel Pionex would be an excellent choice for mobile, high-volume investors.
👉 While Pionex offers human trading via crypto-to-crypto conversions, its major offering is a range of trading bots. A cryptocurrency trading bot is computer software that automatically executes buy and sell orders when certain, predefined market conditions are satisfied.
👉 Pionex’s bots include:
➡️ Grid Trading Bot enables traders to purchase cheap and sell high within a given price range.
➡️ Leveraged Grid Bot offers up to five times leverage.
➡️ The Spot-Futures Arbitrage bot assists individual investors in generating passive income with minor risk. This technique is anticipated to provide a return of 15 to 50% APR.
➡️ The Martingale bot does DCA purchases and one-time sales to collect fluctuation profit.
➡️ Rebalancing bot aids in the accumulation of coins.
➡️ Dollar-Cost Averaging (DCA) Bot Programs repeated purchases at defined intervals to mitigate the consequences of volatility.
👉 In addition, the Smart Transaction terminal enables traders to create stop-loss, take-profit and trailing orders in a single trade.
👉 Pionex has a maker-taker fee structure, which requires you to pay a charge for transactions that “create” liquidity on the market and trades that “take” liquidity off the market.
👉 If your trade is not promptly matched by an existing order, you will be charged a maker fee of 0.05%. If your trade order is instantly matched with an outstanding transaction, you will be charged a 0.5% taker fee.
Price
➡️ Pionex offers a free trial.
➡️ There is a low trading fee of 0.05% charged on trades.
Features
➡️ Pionex provides residents of Nigeria with unrestricted access to sixteen distinct trading bots.
➡️ The cost of trading here is the lowest compared to the fees levied by many of the major exchanges. A 0.05% trading fee must be paid by both the person who makes the offer and the person who accepts it.
➡️ Customers who use Grid Trading Bot could buy items at low prices and sell them at unaffordable prices within a specified price range.
➡️ Leveraged Grid Bot provides an increase in leverage of up to 5x above its standard settings.
➡️ The Spot-Futures Arbitrage bot allows regular investors to create passive income while taking on a manageable amount of risk. If you pursue this strategy, you may anticipate a return rate somewhere between 15 and 50% annual percentage return (APR), which is a highly profitable return rate.
➡️ Traders can use the Smart Trade interface to place orders for trailing orders, stop-loss orders, and take-profit orders all inside the same transaction.
➡️ The Pionex exchange is connected to the cryptocurrency exchanges Binance and Huobi Global.
➡️ Among the many kinds of bots that Nigerians can encounter are Grid Trading Bots, Arbitrage Bots, Martingale Bots, Rebalancing Bots, and many more besides these.
➡️ Pionex offers a trading app that is exclusive to both Android and iOS users.
➡️ The Financial Crimes Enforcement Network of the United States (FinCEN) issued the Money Services Business (MSB) License.
➡️ The Martingale bot makes use of DCA purchases in conjunction with one-time sales to profit from price swings.
➡️ The Dollar-Cost Averaging (DCA) Bot will make several purchases to mitigate the negative effects of market volatility.
Pros and Cons
| ✔️ PROS | ❌ CONS |
| Nigerians have access to 16 free trading bots | Deposits and withdrawals cannot be done using fiat currency |
| There are affordable fees on all transactions | |
| The interface on the app is user-friendly and easy to navigate | |
| There is a low 0.05% trading fee | |
| Pionex has superior customer support on email and live chat |
2. KuCoin
Overview
👉 It is only logical for KuCoin, one of the most prominent cryptocurrency exchanges today, to build its own trading bot.
👉 Comparable to other similar tools, the KuCoin bot may be used for automated crypto trading. Simply said, users must open an account, specify criteria, and make an initial investment of funds.
👉 From that time forward, the bot will trade on their behalf. It will utilize the parameters in conjunction with the market data it receives from analytics and other tools to conduct price evaluations and generate projections.
👉 It will then set buy and sell orders, which will be executed when the price fluctuates. The bot is also capable of using a range of trading tactics, including spot trading, sometimes known as Classic Grid trading. The objective of this strategy is to benefit from market swings by placing buy and sell orders.
👉 The algorithm will purchase coins when their price decreases and sell them when their price rises above the base currency and is close to the specified price. Consequently, it will profit by using market trends.
👉 The bot is often highly effective in grid trading because of its simplicity, and the human aspect is the primary reason individuals lose money while using it manually. People make errors due to their emotions, while the bot makes judgments based only on rules and data.
👉 Consequently, during moments of volatility, when the price of individual currencies such as Bitcoin or Ethereum falls below a certain price, the bot will make buy and sell orders depending on the total grids and price range.
👉 The orders will then be performed when the price increases or decreases. When the scenario changes and the price begins to rise, it will also make a prediction to determine when to sell. If successful, it will recoup the initial investment and generate additional cash that will be pure profit.
👉 In addition to Classic Grid trading, the KuCoin Trading Bot includes Dollar-Cost Averaging, a method for long-term investments. It is not suggested to invest $10,000 in Bitcoin all at once, for example. Instead of this, customers might command the bot to invest a lesser sum at intervals.
👉 It is tough to adhere to this technique while trading manually, but it has been proved effective, therefore delegating this responsibility to the bot might be advantageous overall.
Price
➡️ Free
Features
➡️ KuCoin has already implemented six functionalities, and included in this category are Classic Grid, Futures Grid, DCA, Margin Grid, Infinity Grid, and Dynamic Rebalancing.
➡️ The bot supports all the coins that the exchange itself trades in, which totals more than a hundred different crypto coins.
➡️ KuCoin bot is an app (currently exclusively on mobile devices), so all you need to do is install it, run it, and begin trading.
➡️ The KuCoin bot is meant to be simple and user-friendly for novices.
➡️ The bot is currently free to use. Other than the fees currently levied by the KuCoin cryptocurrency exchange market, there are no expenses.
➡️ As with other crypto trading bots that focus on broad adoption rather than high customizability, KuCoin’s features are quite inflexible and not amenable to extensive fine-tuning.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| KuCoin offers an attractive selection of cryptocurrencies that can be traded. | KuCoin is not licensed in all areas. |
| There are competitive trading fees and Nigerians get volume discounts on their fees. | Funds are kept on the platform and there is no insurance on these funds. |
| There are advanced features offered like margin trading as well as futures trading. | KuCoin experienced a successful hack in 2020. |
| Credit and debit cards are accepted for crypto purchases. |
3. Bitsgap
Overview
👉 A well-known trading bot called Bitsgap is available for free download on their website. It supports over 25 trading platforms, including, but not limited to, Poloniex and Binance.
👉 You can execute trades on most of them at any one time and test out the bots in the trial trading mode provided by Bitsgap before you commit any real cash to the market.
👉 Additionally, Bitsgap provides a Futures trading bot that has a low acceptable risk threshold. This bot is only accessible on Binance, but the creator wants to add support for losses and more exchanges soon.
👉 The primary components of the platform are the demo mode, a trading terminal, and a Grid trading bot. Additionally, a new trading bot known as Bitsgap Futures was only just made available on the website.
👉 This bot provides users with a more secure method of earning money from the futures market by producing only little profit. Beginning in June 2021, the Bitsgap futures trading bot will be available to use only on the Binance cryptocurrency exchange.
👉 It indicates that the network intends to allow a substantial number of bitcoin exchanges in the not-too-distant future. As a direct consequence of this, consumers are provided with access to Bitsgap’s bitcoin trading signals.
👉 In addition, the tool gives you the ability to search for a particular cryptocurrency or to organize cryptocurrencies according to the trading platform or asset type of your choice.
👉 Your money, apart from a major portion of it, is stored safely on the servers of the bitcoin trading platform. To use this bot, you will need to provide Bitsgap with the API credentials for your cryptocurrency exchange so that it may carry out a withdrawal on your behalf.
👉 Bitsgap will propose that you use two-factor authentication (2FA) and suspend your account if you make an excessive number of wrong tries to log in. If you do not use 2FA, your account will be suspended.
Price
➡️ There is a 7-day trial period offered, with the basic plan from $19 or 7,900 NGN per month.
➡️ The Advanced plan is $44 or 18,300 NGN per month.
➡️ The Pro plan costs $110 or 45,900 NGN per month.
Features
➡️ The analysis of your trading activity may be performed quickly and easily using a chart.
➡️ Bitsgap is a fully automated bot that is active at all times of the day and night.
➡️ It is possible to test the settings before investing.
➡️ You could access it without having to download anything.
➡️ For reasons relating to safety and security, your funds will be retained on the exchange balance.
➡️ Utilizing this Bitcoin trading platform will allow you to maximize your potential for financial gain.
➡️ Backtesting is available so that preset trading bots may be optimized for both up and down markets using historical market data.
➡️ Trading in arbitrage may be done across a variety of different marketplaces.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Bitsgap offers Nigerians arbitrage services. | Bitsgap currently does not have a native mobile app for iOS or Android. |
| Nigerians can gain access to different crypto signals. | |
| Bitsgap is connected to more than 25 brokerages and platforms. | |
| There are several functions offered to Nigerians. | |
| Nigerians can access detailed TradingView charts, allowing them to evaluate their bot performance. |
4. Crypto Hopper
Overview
👉 As a one-stop-shop platform, Crypto Hopper provides several services, including trading bots, exchange arbitrage, copy trading, backtesting, and strategy building.
👉 The website provides additional trading bots for crypto signals collected via Telegram conversations. The Market Place is also a vital component of Crypto Hopper’s design.
👉 A strategy builder, a Market-Making bot, and an Arbitrage tool are a few examples of the trading tools that may be accessed via the website.
👉 There is also a marketplace for third-party services, such as trading strategies and templates, as well as other third-party services, such as Crypto Hopper signals and applications. This marketplace is called the Third-Party Marketplace.
👉 Telegram users may now employ the Crypto Hopper signalling bot offered by the application. Additionally, you could utilize the bot to automate your trade based on the coin signals you get.
👉 Moreover, Crypto Hopper’s paper trading mode lets you test trading strategies and algorithms without risking actual funds.
👉 There are four tiers of pricing for platform subscriptions. The Explorer plan also includes a free trial period, which you may take advantage of. In addition, rather than paying the membership fee monthly, you may be able to save money by joining up for an annual membership instead.
👉 The platform has been functioning for more than three years without any serious faults that resulted in consumer losses. Withdrawals from your exchange are not possible with Crypto Hopper since it utilizes API keys and does not have the authorization to do so.
Price
➡️ The Pioneer Kit is free of charge and includes 20 positions, portfolio management, and manual trading tools.
➡️ The Explorer Kit is $16.58 per month and offers 50 positions, the benefits included in the Pioneer Kit, and a trial period of 7 days before payment is due.
➡️ The Adventurer Kit is $41.58 per month and offers 150 positions, the same features included in the Explorer Kit, and more.
➡️ The Hero Kit is $83.25 and provides 500 positions, and advanced features such as support for all cryptocurrencies, marketing strategies, AI, and more. There is also a discounted annual price of $189 when Nigerians sign up for this.
Features
➡️ There is a user-friendly strategy designer along with a Signal Provider Marketplace
➡️ The Crypto Hopper mobile app is provided for Android and iOS smartphones.
➡️ There are no trading costs levied and Nigerians just pay the monthly fee.
➡️ The sorts of bots supplied include Market Maker, Mirror Trading, AI, and Arbitrage.
➡️ With this bot, Nigerians may conduct their own technical analysis.
➡️ Crypto Hopper provides a few tactics and bot designs.
➡️ There is a user-friendly UI and Crypto Hopper safeguards the user’s account utilizing sophisticated security mechanisms.
➡️ There are real-time performance reports available.
➡️ The algorithms on this application support EMA, RSI, BB, and numerous other common signals and/or indicators.
➡️ Over 90 candle patterns and 30 indicators will be available to Nigerians.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Nigerians have access to over 13 major exchanges from a central platform. | The onboarding process is tedious. |
| There is excellent customer support offered. | The mobile application is sluggish. |
| 3Commas offers a range of educational materials for beginners. | Nigerians can expect a trade bot commission on lower tiers. |
| The dashboard is user-friendly and includes a myriad of features and functions. |
5. IC Markets
Overall Rating
- 4.7/5
Min Deposit
USD 200 / 82900 NGN
Regulators
ASIC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 IC Markets is a broker that welcomes inexperienced users and provides trading on a total of 18 different cryptocurrency pairings, even though it is most well-known for the raw Forex spreads it offers.
👉 Bitcoin trading is simple, and IC Markets provides customer support around the clock, so weekend traders and newbies who are still finding their footing in the market may profit from its accessibility.
👉 IC Markets provides its users with many kinds of educational resources, such as video lessons, articles, regular webinars, and IC Markets WebTV. In addition to fundamental and technical market research, it also includes the latest news about the market.
Unique Features
| Feature | Information |
| ⚖️ Regulation | CySEC, FCA, ASIC, FinCEN, FINRA, SIPC, DNB, FSA |
| ⚖️ CBN Regulation | No |
| 📊 Trading Accounts | Retail, Professional |
| 💻 Trading Platform | eToro trading app and web-based platform |
| 💳 Minimum Deposit (₦) | 83,000 NGN equivalent to $200 |
| 📈 Trading Assets | Forex pairs, Commodities, Exchange-Traded Funds (ETFs), Indices, Stocks, Crypto trading, Stocks |
| 📊 Nigerian Naira-based Account? | No |
| 💳 NGN Deposits Allowed | No |
| 💰 Bonuses for Nigerian traders | Yes |
| 📈 Minimum spread | 1 pip EUR/USD |
| 📈 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 📊 Social Trading Offered | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated broker with competitive spreads and various social trading opportunities | IC Markets does not hold regulations from the Financial Conduct Authority (FCA) |
| Flexible and powerful trading platforms are available for the web, desktop platforms, and mobile devices | United States traders are not accepted |
| There are low trading costs involved | Fixed spreads are not offered |
| The transaction costs are transparent and cater for various traders despite their financial situation |
6. Mudrex
Overview
👉 The trading bot provider Mudrex has more than 10,000 investors on its platform and more than 200 indicators. In addition, Mudrex is interoperable with the largest exchanges, such as Binance and Coinbase Pro. You may build, test, and execute trading strategies with Mudrex.
👉 Publishing bundles on the website may potentially generate revenue; see Mudrex Bundle publishing for more.
👉 In terms of Mudrex’s risk/reward approach, a higher Performance score is preferable. Mudrex Protect will refund your membership costs if you do not make any money from the bot. In addition, you may just drag and drop your trading strategy rather than writing it.
👉 With the free plan, you will have plenty of room to explore and experiment freely. In contrast, the $19 monthly premium plan is an alternative. The first three months of the membership are free, and cancellation is permitted at any time.
👉 If monthly fees are paid, the platform is completely risk-free. According to Mudrex, sensitive personal information is secured using AES-256 at the level of a bank. In addition, every API communication is protected using SSL and TLS 1.2 to safeguard your sensitive information.
Price
➡️ A free plan that offers access to strategies, exchanges, indicators, support from Discord, and 100 weekly back-tests.
➡️ Premium Plan – $16 per month with access to all features, exchanges, settings, and unlimited back-tests. In addition, if Nigerians deposit more than $2,500, they get a discount on their monthly subscription.
Features
➡️ Mudrex follows a trend of simplicity, therefore it seems logical that people adore this bot. There are not a plethora of functions, simply the ones you need most for cryptocurrency trading.
➡️ Likewise, the UI is straightforward. You will simply traverse the cryptocurrency universe’s maze.
➡️ Support is available through Discord, live chat, social media, and email. Only the free edition limits live customer service.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| There is a simple “drag and drop” function when creating strategies. | Loading times can be long. |
| The website design is beginner friendly. | The mobile app lacks some basic features. |
| There is a comprehensive backtesting feature offered. |
7. Shrimpy
Overview
👉 When using Shrimpy.io to manage your portfolio, you may connect to any of 20 exchanges. It is possible to connect to many exchanges, and you may add as many wallets as necessary.
👉 Choose your preferred account type, either Starter, Professional, or Enterprise. You can simply keep up with Shrimpy’s cheap pricing and let the bot manage your investments when you lack the time.
👉 In addition, Shrimpy provides traders with the unique possibility to backtest tactics. Utilize Shrimpy’s exhaustive collection of exact market data to create the most effective strategy profiles on the market.
👉 Utilize a practice account to evaluate your investing possibilities. Utilize social trading to mimic a pro. This is an easy-to-use tool that enables you to combine your assets if you have distributed them over many exchanges.
Price
➡️ Starter ($19 per month)
➡️ Pro ($79 per month)
➡️ Enterprise ($299 per month)
Features
➡️ Shrimpy, unlike other trading platforms, enables crypto investors to utilize social portfolios to emulate famous traders, debate various trading techniques, and automate their portfolios.
➡️ Tracking your cryptocurrency portfolio begins with the dashboard. Shrimpy supports all major exchanges, allowing you to see your balances across all exchanges. It is both casual and professional.
➡️ Shrimpy provides a developer API that facilitates the creation of portfolio management apps, trading bots, and trackers.
➡️ Shrimpy APIs let applications carry out transactions on all sixteen recognized exchanges. Limit orders, market orders, and smart order routing are supported by the APIs.
➡️ With smart order routing, developers may simply identify the assets they want to sell and purchase. Shrimpy will examine every conceivable route and begin conducting transactions to get the best price within seconds.
➡️ Real-time data is the foundation of trading. Shrimpy offers a range of endpoints for developers to obtain the most recent exchange market data to avoid traders from being left in the dark.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Shrimpy is focused on providing innovative technology for complete portfolio automation. | There is no support for trading bot scripting. |
| Shrimpy is an ideal starting point for Nigerian beginners. | There is currently no mobile app offered. |
| The interface is intuitive and user-friendly. | There is no trading terminal offered. |
8. TradeSanta
Overview
👉 TradeSanta is a trading bot that operates on eight major exchanges, including Binance, Bittrex, HitBTC, and Bitfinex, to facilitate simultaneous crypto trading on them.
👉 A cloud-based platform for crypto trading bots that have been on the market since 2018. Hundreds of thousands of people have already benefited from its ease of use, including over 210,000 individuals who have already signed up, and over 22 million transactions have been executed.
👉 TradeSanta touts itself as an excellent platform for beginners, which it is, with its inexpensive price, user-friendly mobile and desktop interfaces, risk management features, and premade templates.
👉 However, what sets it apart is its user assistance chat, which is uncommon among rivals; “Santa’s Helpers” are there to assist.
👉 Through visuals, TradeSanta illustrates the tactics you may use. The simple illustrations demonstrate to the user how the bot will generate revenue. Currently, TradeSanta enables users to develop three different tactics.
👉 Smart Orders are for those of us who own a large quantity of cryptocurrency but are unsure of how to utilize it. When selling big sums of cryptocurrency at once, you may not get the amount you anticipated.
Price
➡️ There is a 5-day trial offered.
➡️ The free plan has a maximum of 2 bots.
➡️ The Basic Plan costs $10.5 or 4,300 NGN per month, providing 49 bots.
➡️ The Maximum Plan is $70 or 29,200 NGN and has an unlimited number of bots.
Features
➡️ TradeSanta bots can be used across several markets including futures and spot.
➡️ There are several signals offered including custom signals from TradingView, prebuilt signals that are based on the TradingView Screeners, and indicators such as MACD, RSI, and more.
➡️ There are several strategies based on DCA and Grid.
➡️ Nigerians can access the demo trading feature.
➡️ There are Telegram notifications along with real-time tracking.
➡️ Nigerians can use stop-loss, trailing stop-loss, and several other orders.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Nigerians can use TradeSanta’s advanced features to program bots of their own. | TradeSanta’s trial is only available for 5 days. |
| The dashboard is intuitive and easy to navigate. | |
| The subscription structure is straightforward and transparent. |
How to choose the right Crypto Trading Robot in Nigeria
👉 The need for Bitcoin brokers has grown because of the thousands of individuals interested in investing in cryptocurrencies globally.
👉 Numerous Bitcoin brokers will be offering their services on the market, but you will also run across reports of frauds involving Bitcoin brokers.
👉 Not all Bitcoin brokers can be trusted since many of them have turned into frauds. Even if they are, they lack adequate security measures or are deficient in certain key areas, which may cause a lot of issues for Bitcoin traders.
👉 You must thus carefully choose a crypto broker, and we have provided key features that you must verify before you deal with a crypto broker.
Background and Financial Backing
👉 A good Bitcoin broker has robust financial support, which necessitates a substantial capital basis. This ensures that your Bitcoin is secure and that the broker will not go bankrupt.
Experience and Credibility
👉 The crypto market is young compared to other markets. However, this does not imply that all brokers are unskilled. There are reputable and professional Bitcoin brokers available for usage.
👉 Bitcoin brokers must possess the necessary qualifications, such as licenses from famous and respectable regulatory authorities and specialists on their staff. You can read reviews of the broker and get insight into their services to assess whether they are a good match for you.
Responsive Customer Support
👉 Since Bitcoin trading is available 24 hours a day, seven days a week, you could have a problem or query at any moment.
👉 Therefore, it is important to seek a broker who is accessible 24/7. Regardless of your time zone, they should have a competent support crew that can respond to inquiries and concerns in a timely and professional way.
Crypto Trading Fees and Commissions
👉 You must investigate the commissions and other costs that Bitcoin brokers impose. Ensure the broker outlines the fees they charge, and any other dangers associated so that you may make an informed choice.
Trading Platform
👉 No Bitcoin broker is complete without a user-friendly web, desktop, or mobile platform, often all three. These platforms are required for an assortment of reasons.
👉 They give customers a great degree of simplicity in Bitcoin trading, and a well-designed platform provides them with a variety of possibilities.
👉 These choices make things easier and more comfortable for novice and seasoned Bitcoin traders alike. Ensure that your preferred dealer has a modern platform or a selection of platforms.
Longevity of brokerage
👉 There may be a small number of trustworthy Bitcoin brokers that have just started up, but they are quite rare. If a Bitcoin broker has been in existence for an extended length of time, it has been doing something right, as shown by the fact that customers continue to depend on it.
Account Registration Process
👉 Very few traders realize that the registration procedures of Bitcoin brokers reveal a great deal about their character. Veteran traders in this industry can rapidly determine if a broker is excellent or terrible based just on the sign-up procedure.
👉 You may initially have some problems with spotting the legit Bitcoin brokers. However, as time goes by, you will have a better time distinguishing between excellent and unfavourable brokers. A vast number of depositing fees is a frequent indicator of a fraudulent sign-up procedure.
👉 Most instances in which Bitcoin brokers urge their customers to deposit a big sum of money to join up are probable scams. This is made apparent by the fact that many reputable Bitcoin brokers now accept little or no deposits from prospective clients.
👉 You should opt for these Bitcoin brokers instead of those that want vast quantities of money for crypto transactions.
👉 Additionally, investigate the process’s security. You can do this by examining the search bar’s top-left corner for an SSL certificate. This certificate ensures that a website is secure and will not expose your data to hackers.
Technical Support for Cryptocurrencies
👉 The distinction between customer service and technical assistance cannot be overstated. Most firms have technical support teams to assist clients with issues that need assistance from experts in that field.
👉 A significant majority of Bitcoin brokers lack any form of technical support personnel. They believe that their customer service professionals are sufficient for the task and depend only on them.
👉 The team should comprise Bitcoin industry veterans with decades of expertise. They should have a thorough understanding of how things operate and be able to deliver rapid answers within minutes.
👉 Determining whether a Bitcoin broker has a competent technical support staff might consume considerable time. In most instances, a substantial bit of trial and error is required.
Overall Convenience
👉 If a Bitcoin broker does not provide any convenience, they are not worth your time. As the environment changes, this sector is undergoing tremendous change. To make the appropriate judgments at the right time, you must be current on many matters.
👉 This is only achievable if your broker provides you with features that enhance your entire experience. Your broker’s platform should be compatible with a range of devices.
👉 Using your smartphone or tablet, you should be able to access your account and see all your trades and other crypto-related actions.
👉 Easy accessibility enables you to trade on the move while guaranteeing that you do not miss anything crucial and aside from that, the broker should utilize straightforward language.
Demo Account
👉 Today, one just cannot do without a reliable demo trading solution. There are several complex circumstances involved in Bitcoin trading. If you are just beginning in this sector, you will not know how to make timely judgments.
👉 You will lose a substantial amount of money as a result, and Bitcoin demo trading might help you avoid these errors.
👉 It will instruct you on trading in the actual world while guaranteeing that your selections do not negatively affect your funds. With this option, you will neither gain nor lose money. Nonetheless, you will get knowledge about how cryptocurrency trading is conducted.
The Best Crypto Brokers in Nigeria
👉 In this article, we have listed the best brokers that offer trading solutions and opportunities to traders in Nigeria. We have further identified the brokers that offer additional services and solutions to Nigerian traders.
Best MetaTrader 4 / MT4 Broker in Nigeria
Overall Rating
- 4.8/5
Min Deposit
USD 0 / 0 NGN
Regulators
FSA, FCA, ASIC, DFSA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
66
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, Axi is the best MT4 Broker in Nigeria. More than 130 different items from Axi are available for trading on MetaTrader 4. Axi offers some of the greatest trading conditions to Nigerian traders, including minimal opening spreads on all account types.
Best MetaTrader 5 / MT5 Broker in Nigeria
Overall Rating
- 4.7/5
Total Pairs
32
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, RoboForex is the best MetaTrader 5 broker in Nigeria. RoboForex provides traders with a selection of 12,000 tradable instruments that may be traded on MetaTrader 5 in addition to a few more potent trading platforms.
Best Broker for beginners in Nigeria
Overall Rating
- 4.9/5
Min Deposit
USD 100 / 41450 NGN
Regulators
ASIC, FSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, AvaTrade is the best Broker for beginners in Nigeria. For new traders in Nigeria, AvaTrade provides some of the greatest teaching resources. Along with webinars, seminars, and other events, there are several manuals and videos.
Best Low Minimum Deposit Broker in Nigeria
Overall Rating
- 4.8/5
Min Deposit
USD 0 / 0 NGN
Regulators
FSCA, CMA, CySEC, DFSA, FSA
Trading Desk
MetaTrader 4, MetaTrader 5, HFM Trading App
Crypto
No
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, HF Markets is the best Low Minimum Deposit Broker in Nigeria. With a minimum investment of 2,000 Naira, HF Markets provides live trading accounts to Nigerian traders.
👉 Popular MetaTrader cryptocurrency broker HF Markets also has an in-house trading app for iOS and Android users.
Best ECN Broker in Nigeria
Overall Rating
- 4.1/5
Min Deposit
USD 10 / 4145 NGN
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader and TradingView
Crypto
No
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128
👉 Overall, Pepperstone is the best ECN Broker in Nigeria. One of the biggest forex and CFD brokers in the world, Pepperstone provides services in more than 170 nations.
👉 Nigerian traders should anticipate among of the quickest transaction execution times with little to no slippage and no requotes.
Best Islamic / Swap-Free Broker in Nigeria
Overall Rating
- 4.9/5
Min Deposit
USD 0 / 0 NGN
Regulators
ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA
Trading Desk
Metatrader 4 and Metatrader 5
Crypto
Yes
Total Pairs
45
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, OANDA is the best Islamic / Swap-Free Broker in Nigeria. Three different retail accounts are available from OANDA. This includes a specific Islamic account that is provided to Muslim traders in Nigeria who adhere to Sharia law.
Best Trading App in Nigeria
Overall Rating
- 4.7/5
Min Deposit
USD 5
Regulators
FSC, FSCA (south africa), ASIC, CySEC
Trading Desk
MetaTrader 4, MetaTrader 5, WebTrader, FBS Trader – all in one mobile trading platform.
Crypto
Yes
Total Pairs
250
Islamic Account
Yes
Trading Fees
Low
Welcome Bonus
100% Deposit Bonus
Account Activation Time
Instant
👉 Overall, FBS is the best trading app in Nigeria. FBS provides its cryptocurrency account through the FBS Trader. Many features and some of the greatest market analyses are available to Nigerians.
Best Nigerian Naira Trading Account Broker in Nigeria
Overall Rating
- 4.9/5
Min Deposit
USD 10 / 4145 NGN
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MT4, MT5, MT4 WebTerminal, mobile (iOS & Android, Exness Trader)
Crypto
Yes
Total Pairs
97
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, Exness is the best Nigerian Naira trading account Broker in Nigeria. One of the top multi-currency brokers that provide accounts in NGN is Exness. Exness is a broker that only works with MetaTrader and has a limited selection of trading options.
Best Lowest Spread Broker in Nigeria
Overall Rating
- 4.7/5
Min Deposit
USD 200 / 82900 NGN
Regulators
ASIC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, IC Markets is the best lowest spread Broker in Nigeria. IC Markets provides some of the narrowest spreads in the market because of its pure ECN execution mechanism.
👉 Nigerian traders can choose from a variety of crypto CFDs at IC Markets, which offers services to traders all over the world.
Best NDD Broker in Nigeria
Overall Rating
- 4.5/5
Min Deposit
USD 5 / 2 075 NGN
Regulators
IFSC, CySec, ASIC
Trading Desk
Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform
Crypto
No
Total Pairs
57
Islamic Account
Yes
Trading Fees
No (Just spread)
Account Activation Time
24 Hours
👉 Overall, XM is the best NDD Broker in Nigeria. XM is a well-known No-Dealing Desk broker that offers services to over 2.5 million traders worldwide. A portion of XM’s broad selection of more than 1,000 financial products includes cryptocurrency CFDs.
Best STP Broker in Nigeria
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 41450 NGN
Regulators
CySEC, FCA, FSA, FSCA, Labuan FSA
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, Tickmill is the best STP Broker in Nigeria. One of the finest brokers for new traders in Nigeria is Tickmill, which provides outstanding STP and ECN execution along with clear trading costs.
Best Sign-up Bonus Broker in Nigeria
Overall Rating
- 4.5/5
Min Deposit
USD 1 / 415 NGN
Regulators
IFSC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
300
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, SuperForex is the best sign-up bonus Broker in Nigeria. One of the brokers with the broadest selection of promos and incentives is SuperForex, which provides customers with a choice of 11 trading accounts.
Conclusion
👉 Crypto trading bots are one of the easiest ways for Nigerians to start trading cryptocurrency. It also offers the ideal way for traders to use automated strategies, allowing them to trade 24/7 without having to sit in front of their terminal.
👉 Trading bots allow Nigerians to take an objective, controlled approach toward crypto trading and this can help them eliminate emotions from their trading. There are hundreds, if not thousands, of trading bots available and we have analysed and tested them to provide the best ones for Nigerians.
FAQ
Can you automate crypto trading?
Yes, you can automate crypto trading. If you lack the time to trade bitcoin and do not like to purchase and retain it, automatic cryptocurrency trading is a fantastic alternative. Each automated trading platform has its own collection of features and trading tactics.
How successful are trading bots?
Trading robots can be phenomenally successful. They are not driven by greed or fear, which enhances their accuracy.
According to estimates, between 70 and 80% of the total amount of crypto trading is conducted by trading bots. These bots can simultaneously monitor various exchanges and trade depending on established rules.
How much is a trading bot?
There are several bots available on the market. Some are free, while others cost between $10 and $100 each month. Each employs a unique algorithm. Some provide pre-built applications, while others facilitate the creation of custom scripts.
Who uses trading bots?
Traders use bots to profit from the 24-hour, global crypto markets. Investors have an edge over bots because bots can respond faster. Moreover, most investors lack the time required to consistently make the greatest trades, something that bots can do.
Do crypto bots make money?
Yes, they can make money. Based on market research and trend sets, crypto trading bots provide traders with several advantages. Cryptocurrency trading bots could help experienced traders achieve substantial gains.
Top 4 Brokers
