FxPro's websiteSEC-regulated brokers in Nigeria
Affiliate links: we earn a commission; it never changes scores or order. CFDs are high-risk and leverage can lose you money rapidly.
Key facts (17 of 81 counts · 75 brokers onboarding Nigerian residents)
Top 3
SEC-regulated brokers in Nigeria (17 of 81)
| # | Broker | Min deposit, USDNG | Withdrawal, hNG | Score | Founded | Funding |
|---|---|---|---|---|---|---|
| 1 | — | — | 4.38 | 2008 | 1 methods · local | |
| 2 | 10000 NGN | 24 | 4.18 | 2003 | 1 methods · local | |
| 3 | — | — | 4.11 | 2007 | 1 methods · local | |
| 4 | 1 group | 24 | 3.87 | 2014 | 2 methods · local | |
| 5 | 1 | — | 3.66 | 2019 | 2 methods · local | |
| 6 | 10 | 48 | 3.39 | 1995 | 1 methods · local | |
| 7 | — | — | 3.36 | 1984 | 1 methods · local | |
| 8 | 10 | 96 | 3.3 | 2019 | 2 methods · local | |
| 9 | — | — | — | 1979 | 1 methods · local | |
| 10 | — | — | — | 2006 | 1 methods · local | |
| 11 | — | 3 | — | 2016 | 3 methods · local | |
| 12 | 0 | — | — | 1991 | 1 methods · local | |
| 13 | 10 | 24 | — | 2018 | 2 methods · local | |
| 14 | — | — | — | 2003 | 1 methods · local | |
| 15 | — | 24 | — | 1991 | 1 methods · local | |
| 16 | — | — | — | 2008 | 1 methods · local | |
| 17 | — | 24 | — | 2012 | 1 methods · local |
"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.
Identical for every row, so it is stated once: Who onboards Local · SEC Nigeria · Swap-free fee none, no limit · NGN account Yes · Execution —.
What the data shows(17 of 81 distributions · 75 brokers)
Swap-free availability (17 of 81 brokers)
Admin fee after the free period (17 of 81 swap-free)
Who onboards Nigerian residents (17 of 81 brokers)
NGN account (17 of 81 brokers)
Licensed in Nigeria, or not (81 of 81)
Who grants the leverage figure (59 of 81)
Full list(17 of 81)
- 1CardinalStone Securities4.38
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- NGN
- Yes
- 2Meristem Stockbrokers4.18
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Min deposit, USD
- 10000 NGN
- NGN
- Yes
- 3Cordros Securities4.11
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- NGN
- Yes
- 4Risevest3.87
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Min deposit, USD
- 1 group
- NGN
- Yes
- 5Bamboo3.66
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Min deposit, USD
- 1
- NGN
- Yes
- 6Afrinvest Securities3.39
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Min deposit, USD
- 10
- NGN
- Yes
- 7EFG Hermes Nigeria3.36
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- NGN
- Yes
- 8Chaka3.3
- Onboards
- Local · SEC Nigeria
- Swap-free
- none, no limit
- Min deposit, USD
- 10
- NGN
- Yes
How to read this ranking
- Start with the figure this page ranks on.
Every row here is ordered by computed score, highest first; unscored brokers follow. A broker that publishes no figure is shown without one rather than guessed at.
- Check which company would onboard you.
The same brand can take a resident of Nigeria through a locally licensed entity or an offshore one, and the leverage cap, the complaint route and the protection all follow the entity, not the brand.
- Read the cost beside the deposit.
The median round turn across this country is 6.5 USD and the median minimum deposit 20.0 USD; a low deposit beside a wide spread takes the difference back on every trade.
Neighbouring slices(6 rankings · 6 explainers)
FAQ
- How many brokers qualify for this ranking in Nigeria?
- 17 of 81 brokers measured for this country qualify.
- What does a trade typically cost here?
- The median round turn - spread plus commission for one standard lot, in and out - is 6.5 USD across the brokers that publish both parts.
- Why do some rows show a dash instead of a figure?
- Because the broker does not publish that figure for this country. A dash is a statement about what is published, and a figure is never filled in from a group-wide page as if it applied locally.
How this slice is scored
Slice score = 2 + 3 × weighted mean of the six axes; the swap-free fee and availability feed price and reliability. A missing axis drops out and weights are renormalised; group-wide figures never enter. Full methodology
Verified · What changed · Sources(17 of 81 broker records)
Risk warning and affiliate disclosure
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A swap-free account removes overnight interest, not market risk. We earn a commission on some links; paid rows are marked and never ranked first.