FxPro's website
Traders Trust 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
- Offshore TTCM Traders Trust Capital Markets Ltd
- Local standing
- Unregulated locally; offshore-only. Nigeria lacks a dedicated retail-FX regulator; no specific SEC Nigeria alert verified at review.
- Licence as the register states it
- No Nigerian SEC/CBN licence; offshore Seychelles FSA SD049.
- Leverage for this entity
- Up to 1:3000 (offshore).
- The firm behind it
- Founded 2009; Cyprus HQ; ECN low-spread model.
- What we hold against it
- Offshore-only after CySEC exit June 2026; no local oversight/compensation; USD-only funding a friction point for NGN clients.
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. Nigeria lacks a dedicated retail-FX regulator; no specific SEC Nigeria alert verified 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: Classic (min USD 50), Pro, VIP, demo, Islamic swap-free. 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 · Withdrawal, 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://traders-trust.com
Not tax advice. Check with the FIRS.
Deposit and withdrawal methods (6 methods · 1 local)
Cards, bank wire, Skrill, Neteller.
- Cards
- Bank wire
- Skrill
- Neteller. No NGN naira accountlocal
- No crypto
- PayPal
- Account currency
- USD, EUR, JPY, GBP. No NGN account verified.
- Fee declared
- 6 of 6 methods
- Withdrawal back to
- the funding method
Where it does not serve(19 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(1 platform)
- MT4
| Class | Count | Min spread | Leverage |
|---|---|---|---|
| MT4 | — | 1.5 | 3000NG |
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.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.6 | 0 |
Share of reviewers in Nigeria: — The platform does not publish it.
Pros and cons(4 for and 4 against, each tied to a figure on this page)
- Round turn 3 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
- No Nigeria authorisation on file: the entity that onboards you is licensed elsewhere
- Min deposit 50 USD, over the Nigeria median 20
- The published 1:3000 comes from the group's offshore entity, not from the Nigeria one
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in Nigeria(6 of 81 scored in Nigeria)
- Round turn, USD
- 3NG
- Min deposit, USD
- 1 groupNG
- Leverage
- 500NG
- Rank in this country
- #7
- Round turn, USD
- 3.5NG
- Min deposit, USD
- 10 groupNG
- Leverage
- 2000NG
- Rank in this country
- #44
- Round turn, USD
- 3.1NG
- Min deposit, USD
- 1NG
- Leverage
- 2000NG
- Rank in this country
- #51
- Round turn, USD
- 6NG
- Min deposit, USD
- 50 groupNG
- Leverage
- 500NG
- Rank in this country
- #12
- Round turn, USD
- 3NG
- Min deposit, USD
- 1 groupNG
- Leverage
- unlimited group
- Rank in this country
- #22
- Round turn, USD
- 6NG
- Min deposit, USD
- 50NG
- Leverage
- 1000NG
- Rank in this country
- #18
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 | Traders Trust |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 80 |
| 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 | 0 |
| 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 | 85 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 40 |
Where Traders Trust sits in the Nigeria base(81 brokers)
Round-turn cost, USD (57 of 81 priced)
Median 6.5 USD · range 3-20 · this broker 3 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 1:3000 · 28 of 81 brokers do not publish it
Withdrawal time published (81 brokers)
FAQ
- Does Traders Trust accept residents of Nigeria?
- No. Unregulated locally; offshore-only. Nigeria lacks a dedicated retail-FX regulator; no specific SEC Nigeria alert verified at review. Onboarding entity: Offshore TTCM Traders Trust Capital Markets Ltd
- Is Traders Trust licensed to serve clients in Nigeria?
- No Nigerian SEC/CBN licence; offshore Seychelles FSA SD049. Checked on 09.07.2026.
- How much does one round turn cost at Traders Trust?
- About 3.0 USD per standard lot on EUR/USD. The median across brokers measured for Nigeria is 6.5 USD.
- What leverage does Traders Trust offer to retail clients in Nigeria?
- Up to 1:3000. leverageGeo: Up to 1:3000 (offshore).
- Which trading platforms does Traders Trust support?
- MT4. Instruments: FX, indices, commodities, shares, crypto CFDs.
- How can I withdraw money from Traders Trust in Nigeria?
- Cards, bank wire, Skrill, Neteller. No NGN naira account or local Nigerian rails verified at review; no crypto/PayPal. Typical withdrawal time: 24.0 hours.
- What account types does Traders Trust offer?
- Classic (min USD 50), Pro, VIP; demo; Islamic swap-free.
- Does Traders Trust offer a swap-free (Islamic) account?
- Yes. Traders Trust offers a swap-free (Islamic) account to Nigeria residents.