FxPro's website
AMarkets in Nigeria — review, licence and costs
Cost calculator (median of 57 priced of 81)
Score (6 of 6 axes scored)
ranked against full-basis brokers
Who actually onboards you
- Entity that onboards Nigeria residents
- AMarkets Ltd
- Local standing
- Unregulated locally; offshore only. Not verified on SEC Nigeria warning list at review.
- Licence as the register states it
- No SEC Nigeria / CBN licence (neither licenses retail forex/CFD brokers).
- Leverage for this entity
- Up to 1:3000 on some account types.
- The firm behind it
- Founded 2007; Financial Commission member (up to EUR 20,000); long-standing presence in Africa.
- What we hold against it
- Offshore/no local licence; high leverage; considered reputable among Nigerian offshore choices per third-party sources.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Nigerian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youUnregulated locally; offshore only. Not verified on SEC Nigeria warning list at review.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Nigeria market median(priced from 57 of 81)
Medians run over the 57 of 81 brokers that publish a price for Nigeria, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Standard, ECN, Zero, min deposit USD 100. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Taxes for a Nigerian resident(1 rule)
- Trading profits are taxable and must be declared to the Nigeria Revenue Service (NRS, formerly FIRS).https://amarkets.com
Not tax advice. Check with the FIRS.
Deposit and withdrawal methods (5 methods · 0 local rails)
Naira via local exchangers / bank wire per third-party reviews;
- Bank wire per third-party reviews
- E-wallets Neteller
- Skrill
- FasaPay
- Crypto
- Account currency
- USD per official; NGN-denominated account not verified.
- Fee declared
- 5 of 5 methods
- Withdrawal back to
- the funding method
Where it does not serve(12 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(4 platforms)
- MT4
- MT5
- AMarkets App
| Class | Count |
|---|---|
| MT4 | — |
| MT5 | — |
| AMarkets App | — |
| All instruments | 550+ |
Identical for every row: Leverage 3000 NG.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.4 | 5, 297 |
Share of reviewers in Nigeria: — The platform does not publish it.
Pros and cons(5 for and 3 against, each tied to a figure on this page)
- Round turn 5 USD on the raw + commission basis, under the Nigeria median 6.5
- Withdrawal in 24 h, one of 71 of 81 brokers here that publish a time
- Swap-free account available
- Round-turn cost 100 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, AMarkets App
- No Nigeria authorisation on file: the entity that onboards you is licensed elsewhere
- Min deposit 100 USD, over the Nigeria median 20
- Safety 10 of 100, its weakest of 6 scored axes
Alternatives in Nigeria(5 of 81 scored in Nigeria)
- Round turn, USD
- 6NG
- Min deposit, USD
- 100 groupNG
- Leverage
- 500NG
- Rank in this country
- #1
- Round turn, USD
- 6NG
- Min deposit, USD
- 100 groupNG
- Leverage
- 500NG
- Rank in this country
- #37
- Round turn, USD
- 6NG
- Min deposit, USD
- 10NG
- Leverage
- 3000NG
- Rank in this country
- #26
- Round turn, USD
- 6NG
- Min deposit, USD
- 50 groupNG
- Leverage
- 500NG
- Rank in this country
- #12
- Round turn, USD
- 6NG
- Min deposit, USD
- 100NG
- Leverage
- 500NG
- Rank in this country
- #8
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Nigeria score. Full methodology
| Axis | Weight | What is measured | AMarkets |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 70 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 100 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 10 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 95 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
Where AMarkets sits in the Nigeria base(81 brokers)
Round-turn cost, USD (57 of 81 priced)
Median 6.5 USD · range 3-20 · this broker 5 USD · 24 of 81 brokers do not publish it
Minimum deposit, USD (29 of 81 priced)
Median 20 USD · range 0-100 · this broker 100 USD · 52 of 81 brokers do not publish it
Retail leverage (53 of 81 with a Nigeria figure)
Median 1:500 · range 100-3000 · this broker 1:3000 · 28 of 81 brokers do not publish it
Withdrawal time published (81 brokers)
FAQ
- Does AMarkets accept residents of Nigeria?
- No. Unregulated locally; offshore only. Not verified on SEC Nigeria warning list at review. Onboarding entity: AMarkets Ltd
- Is AMarkets licensed to serve clients in Nigeria?
- No SEC Nigeria / CBN licence (neither licenses retail forex/CFD brokers). Checked on 09.07.2026.
- How much does one round turn cost at AMarkets?
- About 5.0 USD per standard lot on EUR/USD. The median across brokers measured for Nigeria is 6.5 USD.
- What leverage does AMarkets offer to retail clients in Nigeria?
- Up to 1:3000. Up to 1:3000 on some account types.
- Which trading platforms does AMarkets support?
- MT4, MT5, AMarkets App. Instruments: FX, metals, indices, commodities, stocks, ETFs, crypto CFDs.
- How can I withdraw money from AMarkets in Nigeria?
- Naira via local exchangers / bank wire per third-party reviews; e-wallets Neteller, Skrill, WebMoney, FasaPay; crypto.
- What account types does AMarkets offer?
- Standard, ECN, Zero; min deposit USD 100.
- Does AMarkets offer a swap-free (Islamic) account?
- Yes. AMarkets offers a swap-free (Islamic) account to Nigeria residents.