82 brokers measured47 pricedmedian 6.0 USDformula v1.0Data captured 03.10.2026
regulated-regulated brokers in Nigeria
Key facts (6 · 18 of 82)
In this ranking
18 of 82
Ranked on all axes
0 of 18
Round turn, USD · Median
6.0 USD
Min deposit, USD · Median
50.0 USD
Max leverage
500.0geo
Withdrawal, h · Median
24.0 h
Top picks (0 / 0 of 18)
Full list (18)
Sorted by computed score, highest first. Unscored brokers follow.
Showing 18 of 82 brokers that onboard Nigeria residents.
| Broker | Score | Round turn, USD | Min deposit, USD | Max leverage | Withdrawal, h | Onboarding entity |
|---|---|---|---|---|---|---|
| CardinalStone Securities | no data | not priced | no data | no data | no data | CardinalStone Securities Limited (subsid |
| Meristem Stockbrokers | no data | not priced | no data | no data | 24.0 | Meristem Stockbrokers Limited |
| Chaka | no data | not priced | no data | no data | 96.0 | Chaka Technologies (Chaka), owned by Ris |
| Bamboo | no data | not priced | no data | no data | no data | Bamboo Systems Technology Limited (Niger |
| CSL Stockbrokers | no data | not priced | no data | no data | no data | CSL Stockbrokers Limited (CSLS), member |
| Cordros Securities | no data | not priced | no data | no data | no data | Cordros Securities Limited |
| Cowrywise | no data | not priced | no data | no data | 24.0 | Cowrywise Financial Technology Limited |
| FBNQuest Securities | no data | not priced | no data | no data | no data | FBNQuest Securities Limited (subsidiary |
| PiggyVest | no data | not priced | no data | no data | no data | PiggyTech Global Limited (operator of Pi |
| Risevest | no data | not priced | no data | no data | 24.0 | RV Fund Management Limited (SEC fund man |
| Stanbic IBTC Stockbrokers | no data | not priced | no data | no data | no data | Stanbic IBTC Stockbrokers Limited |
| Trove | no data | not priced | 10.0geo | no data | 24.0 | Trove Technologies Limited; Nigerian sto |
| Vetiva | no data | not priced | no data | no data | no data | Vetiva Securities Limited |
| APT Securities and Funds | no data | not priced | no data | no data | 24.0 | APT Securities and Funds Limited |
| ARM Securities | no data | not priced | no data | no data | no data | ARM Securities Limited |
| Afrinvest Securities | no data | not priced | no data | no data | 48.0 | Afrinvest Securities Limited |
| EFG Hermes Nigeria | no data | not priced | no data | no data | no data | EFG Hermes Nigeria Limited (Victoria Isl |
| United Capital Securities | no data | not priced | no data | no data | 24.0 | United Capital Securities Limited (UCSL) |
Distributions across the base
Round-turn cost, USD (47 of 82)
Median 6.0 · Range 2.0–20.0 USD
Minimum deposit, USD (22 of 82)
Median 50.0 · Range 0.0–100.0 USD
Retail leverage (54 of 82)
Median 500.0 · Range 100.0–3000.0 1:x
Withdrawal time, hours (38 of 82)
Median 24.0 · Range 24.0–120.0 h
How to choose (5)
- Check the entity in the last column: Nigeria residents are onboarded by a local entity at some of these brokers and by an offshore one at others.
- Compare the round turn against the median of 6.0 USD, measured on 47 of 82 brokers rather than on the whole base.
- Treat a blank as a blank: 18 of 18 brokers here are missing at least one axis and are listed without a score.
- Read the leverage column with its marker: a figure the country's regulator did not set belongs to the broker's group, not to this country.
- Open the licence number on the broker page and check it in the register before funding.
Related rankings (6)
Methodology
2 + 3 × weighted mean of six axes. A broker enters this ranking only with a review rating and a round-turn price; others are listed with their score withheld.
FAQ (3)
How many brokers are in this ranking?
18 of 82 of the 82 brokers in our Nigeria base, and 0 of 18 of them are measured on all six axes.
How is the order decided?
By the computed score: 2 + 3 × the weighted mean of six axes. A broker without a review rating or without a round-turn price is listed but not ranked.
What does trading cost in Nigeria on average?
The median round turn on one EURUSD lot is 6.0 USD, measured on 47 of 82 brokers.