According to a recent trend report released by Tradingbrowser.com, Nigeria and other African countries are topping the list of countries searching for copy trading and trading bot.
This report also contains other African countries like South Africa, Kenya, and Ghana. South Africa came second in the number of searches on copy trading, however, it had 800% more searches than the United states While Kenya had 1.8 times higher searches than the UK and 1.5 times higher search rates than Australia for copy trading.
Ghana also had more than enough search rate which is double New Zealand’s search rate for copy trading, earning the fourth spot on the list. Copy trading app which is a similar search term for mobile trading apps discloses the prevalent interest of Nigerians in mobile trading.
Brand Spur Nigeria also reports that Nigeria had a high search rate for “trading bot” with a search score of 100 on Google, which was 3.7 times higher than the UK and 4.5 times higher than the United States. This list also features other African countries like Kenya, South Africa, and Ghana, in which Kenya came second with 3.2 times more searches than the UK and 3.7 times more searches than the USA with a search score of 85.
While South Africa came third with a 155% higher search rate than the USA, with a search score of 46 for trading bots. Also, Ghana had more searches on the Trading bot than both the USA and UK respectively with 38 and 86% respectively higher than the two other countries.
However, this increase in the number of searches on “copy trading bot” and “bitcoin bot” indicates Nigeria is taking a keen interest in emerging markets and are starting to embrace emerging technology innovations and this is strongly backed by a recent study by Statista which indicates that mobile usage in Nigeria is expected to increase from 33.92% in 2023 to 48% in 2027. With more Nigerians having access to mobile phones means more Nigerians are browsing the internet and this may be contributing to an increase in the popularity of trading bots and copy-trading searches in the country.
A spokesperson for Tradingbrowser.com highlighted that this recent increase in the number of searches for copy trading and trading bots in Nigeria is due to a number of factors which include the high level of mobile phone usage in the country as well as the increase in the adoption of fintech solutions in the country.
The spokesperson also added that “Furthermore, Nigerians are known for their entrepreneurial spirit, and many are turning to trading as a means of creating wealth and achieving financial freedom. Looking forward, the use of trading bots and copy trading in Nigeria is likely to become even more prevalent, as traders continue to look for ways to gain a competitive edge in the financial markets, especially through their mobile phones.”.
