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Harmattan Desk
82 brokers measured47 pricedmedian 6.0 USDformula v1.0Data captured 03.10.2026Some links are partner links. They never change a score or a position.
Score recalculated 03.10.2026

ARM Securities — Nigeria

Key facts (8)

Who actually onboards you
ARM Securities Limited
Licence number
not stated
Established
2008group
Min deposit, USD
not stated
Platforms
—
Local funding
Bank transfer; other methods not verified at rev
Max leverage
not stated
EURUSD
not priced

This broker against the Nigeria middle (47 of 82)

ARM SecuritiesNigeria median
Round turn, USDnot priced6.0 USD
Min deposit, USDno data50.0 USD
Max leverageno data500.0geo
Withdrawal, hno data24.0 h
EURUSD, standardnot priced1.1 pips
EURUSD, rawnot priced0.0 pips
Established2008group2009.0
Platforms03.0

Accepts residents of Nigeria

Yes

Score (2/6 axes)

no data

Shown, not ranked: no review-platform rating

Licence check

Licence number
not stated
Checked
no data

Register

Who actually onboards you

ARM Securities Limited

Entity not established

ARM Securities Limited (Ikoyi, Lagos), part of ARM (Asset & Resource Management) Group

Accounts

Brokerage/investment account for retail and institutional investors

Withdrawal time and methods

Withdrawal, h
not stated

Cost against the Nigeria median (47 of 82)

Round turn, USD
not priced
Median
6.0 USD

Rating, and how many people left it

Reviews
no data

Software and market access (0)

NGX equities and debt-market instruments

The tax side in Nigeria

Trading profits are taxable and must be declared to the Nigeria Revenue Service (NRS, formerly FIRS). Framework changed under the Nigeria Tax Act 2025 and Nigeria Tax Administration Act 2025, effective 1 January 2026. Individuals: forex/CFD gains generally taxed as part of personal income under progressive Personal Income Tax bands (as of the review): 0% on first N800,000; 15% on N800,000-N3m; 18%

Other brokers that onboard Nigeria residents (6)

Where it does not serve

no data

Methodology

2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%

Methodology

Verified · what changed · sources (3)

Checked: —

FAQ (3)

Does ARM Securities accept residents of Nigeria?

Yes.

Which entity onboards a Nigeria client of ARM Securities?

ARM Securities Limited

What licence does ARM Securities hold for Nigeria?

No licence number is published for this country.