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IG Markets 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
- IG International Ltd
- Local standing
- No local regulation; offshore BMA oversight only.
- Licence as the register states it
- No local Nigerian SEC licence; Bermuda BMA Class F.
- Leverage for this entity
- Up to ~1:200 under IG International (Bermuda).
- The firm behind it
- IG Group, LSE-listed (FTSE 250), founded 1974.
- What we hold against it
- Reputable but served offshore; not on Nigerian SEC-licensed list.
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 youNo local regulation; offshore BMA oversight only.
- 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: CFD, retail. Min bank transfer ~$0, card ~$300. 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://tradersunion.com
Not tax advice. Check with the FIRS.
Deposit and withdrawal methods (3 methods · 0 local rails)
Cards, bank transfer, PayPal;
- Cards
- Bank transfer
- PayPal
- Account currency
- USD (no NGN).
- Fee declared
- 3 of 3 methods
- Withdrawal back to
- the funding method
Where it does not serve(8 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(6 platforms)
- IG web/app
- ProRealTime
- L2 Dealer
- MT4
- TradingView
| Class | Count | Min spread |
|---|---|---|
| IG web/app | — | 0.6 |
| ProRealTime | — | 0.6 |
| L2 Dealer | — | 0.6 |
| MT4 | — | 0.6 |
| TradingView | — | 0.6 |
| All instruments | 17000 | — |
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 200 NG.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 3.9 | 8,324 |
Share of reviewers in Nigeria: — The platform does not publish it.
Pros and cons(3 for and 4 against, each tied to a figure on this page)
- Min deposit 0 USD, under the Nigeria median 20
- Track record 100 of 100, its strongest of 6 scored axes
- 5 platforms: IG web/app, ProRealTime, L2 Dealer, MT4
- Round turn 13.6 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
- Withdrawal in 120 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
- 7NG
- Min deposit, USD
- 10 groupNG
- Leverage
- 200NG
- Rank in this country
- #13
- Round turn, USD
- 7NG
- Min deposit, USD
- 0 groupNG
- Leverage
- 500NG
- Rank in this country
- #27
- Round turn, USD
- 6NG
- Min deposit, USD
- 20NG
- Leverage
- 200NG
- Rank in this country
- #10
- Round turn, USD
- 6NG
- Min deposit, USD
- 0 groupNG
- Leverage
- 500NG
- Rank in this country
- #17
- Round turn, USD
- 4.8NG
- Min deposit, USD
- 0NG
- Leverage
- 500NG
- Rank in this country
- #29
- Round turn, USD
- 13NG
- Min deposit, USD
- 5 groupNG
- Leverage
- 3000NG
- Rank in this country
- #33
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
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 | IG Markets |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 45 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 57 |
| 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 | 0 |
| 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 | 55 |
Where IG Markets sits in the Nigeria base(81 brokers)
Round-turn cost, USD (57 of 81 priced)
Median 6.5 USD · range 3-20 · this broker 13.6 USD · 24 of 81 brokers do not publish it
Minimum deposit, USD (29 of 81 priced)
Median 20 USD · range 0-100 · this broker 0 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 1:200 · 28 of 81 brokers do not publish it
Withdrawal time published (81 brokers)
FAQ
- Does IG Markets accept residents of Nigeria?
- No. No local regulation; offshore BMA oversight only. Onboarding entity: IG International Ltd
- Is IG Markets licensed to serve clients in Nigeria?
- No local Nigerian SEC licence; Bermuda BMA Class F. Checked on 09.07.2026.
- How much does one round turn cost at IG Markets?
- About 13.6 USD per standard lot on EUR/USD. The median across brokers measured for Nigeria is 6.5 USD.
- What leverage does IG Markets offer to retail clients in Nigeria?
- Up to 1:200. Up to ~1:200 under IG International (Bermuda).
- Which trading platforms does IG Markets support?
- IG web/app, ProRealTime, L2 Dealer, MT4, TradingView. Instruments: 17,000+ markets: FX, indices, shares, commodities.
- How can I withdraw money from IG Markets in Nigeria?
- Cards, bank transfer, PayPal; no local NGN rails verified.
- What account types does IG Markets offer?
- CFD; retail. Min bank transfer ~$0, card ~$300.