FxPro's website
FXCM 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
- Stratos Global LLC
- Local standing
- Not locally regulated
- Licence as the register states it
- Global offshore entity
- Leverage for this entity
- Up to 1:400
- The firm behind it
- Founded 1999, global broker
- What we hold against it
- No NBP, offshore oversight
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 youNot locally regulated
- 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 live, demo, Islamic. 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(1 method)
| Method | Deposit, h | Withdrawal, h | Fee, USD | Min, USD |
|---|---|---|---|---|
| NGN bank transfer | 24 | — | 0 | 50 |
Taxes for a Nigerian resident
Not tax advice. Check with the FIRS.
Deposit and withdrawal methods (1 methods · 1 local)
NGN bank transfer
- NGN bank transferlocal
- Account currency
- NGN supported
- Fee declared
- 1 of 1 methods
- Withdrawal back to
- the funding method
Where it does not serve(9 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)
- Trading Station
- MT4
- ZuluTrade
| Class | Count | Min spread |
|---|---|---|
| Trading Station | — | 1.3 |
| MT4 | — | 1.3 |
| ZuluTrade | — | 1.3 |
| Forex pairs | 41 | — |
147 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 141 more.
Identical for every row: Leverage 400 NG.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.4 | — |
Share of reviewers in Nigeria: — The platform does not publish it.
Pros and cons(3 for and 5 against, each tied to a figure on this page)
- Swap-free account available
- Track record 100 of 100, its strongest of 6 scored axes
- 3 platforms: Trading Station, MT4, ZuluTrade
- Round turn 7.5 USD on the raw + commission basis, over the Nigeria median 6.5
- No Nigeria authorisation on file: the entity that onboards you is licensed elsewhere
- Min deposit 50 USD, over the Nigeria median 20
- Withdrawal in 72 h, over the Nigeria median 24
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in Nigeria(6 of 81 scored in Nigeria)
- Round turn, USD
- 6NG
- Min deposit, USD
- 50 groupNG
- Leverage
- 500NG
- Rank in this country
- #12
- Round turn, USD
- 9NG
- Min deposit, USD
- 25 groupNG
- Leverage
- 1000 group
- Rank in this country
- #2
- Round turn, USD
- 7NG
- Min deposit, USD
- 50NG
- Leverage
- 500NG
- Rank in this country
- #14
- Round turn, USD
- 6NG
- Min deposit, USD
- 50NG
- Leverage
- 1000NG
- Rank in this country
- #18
- Round turn, USD
- 6NG
- Min deposit, USD
- 50NG
- Leverage
- 500NG
- Rank in this country
- #24
- Round turn, USD
- 7NG
- Min deposit, USD
- 50NG
- Leverage
- 1000NG
- Rank in this country
- #32
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 | FXCM |
|---|---|---|---|
| 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 | 88 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 40 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 25 |
Where FXCM sits in the Nigeria base(81 brokers)
Round-turn cost, USD (57 of 81 priced)
Median 6.5 USD · range 3-20 · this broker 7.5 USD · 24 of 81 brokers do not publish it
Minimum deposit, USD (29 of 81 priced)
Median 20 USD · range 0-100 · this broker 50 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 1:400 · 28 of 81 brokers do not publish it
Withdrawal time published (81 brokers)
FAQ
- Does FXCM accept residents of Nigeria?
- Yes. Not locally regulated Onboarding entity: Stratos Global LLC
- Is FXCM licensed to serve clients in Nigeria?
- Global offshore entity Checked on 27.08.2026.
- How much does one round turn cost at FXCM?
- About 7.5 USD per standard lot on EUR/USD. The median across brokers measured for Nigeria is 6.5 USD.
- What leverage does FXCM offer to retail clients in Nigeria?
- Up to 1:400. leverageGeo: Up to 1:400
- Which trading platforms does FXCM support?
- Trading Station, MT4, ZuluTrade. Instruments: Forex, CFDs, crypto
- How can I withdraw money from FXCM in Nigeria?
- NGN bank transfer
- What account types does FXCM offer?
- Standard live, demo, Islamic
- Does FXCM offer a swap-free (Islamic) account?
- Yes. FXCM offers a swap-free (Islamic) account to Nigeria residents.