Chaka — Nigeria
Key facts (8)
- Who actually onboards you
- Chaka Technologies (Chaka), owned by Risevest Technologies since Sept
- Licence number
- not stated
- Established
- not stated
- Min deposit, USD
- not stated
- Platforms
- Chaka mobile app · web
- Local funding
- Bank transfer, cards (naira funding); USD for US
- Max leverage
- not stated
- EURUSD
- not priced
This broker against the Nigeria middle (47 of 82)
| Chaka | Nigeria median | |
|---|---|---|
| Round turn, USD | not priced | 6.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | no data | 500.0geo |
| Withdrawal, h | 3-4 business days hgroup | 24.0 h |
| EURUSD, standard | not priced | 1.1 pips |
| EURUSD, raw | not priced | 0.0 pips |
| Established | not stated | 2009.0 |
| Platforms | 2 | 3.0 |
Accepts residents of Nigeria
Yes
Score (4/6 axes)
Shown, not ranked: no round-turn price
Licence check
Who actually onboards you
Chaka Technologies (Chaka), owned by Risevest Technologies since Sept 2023; local trades cleared via Citi Investment Cap
Entity not established
Accounts
Digital brokerage/investment account (app-based)
Withdrawal time and methods
Cost against the Nigeria median (47 of 82)
Rating, and how many people left it
3.7 2.42K reviews
Software and market access (2)
Chaka mobile app · web
NGX-listed Nigerian equities, US equities, global ETFs, Nigerian treasury bills
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%
Verified · what changed · sources (3)
Checked: —
FAQ (4)
Does Chaka accept residents of Nigeria?
Yes.
Which entity onboards a Nigeria client of Chaka?
Chaka Technologies (Chaka), owned by Risevest Technologies since Sept 2023; local trades cleared via Citi Investment Capital
What licence does Chaka hold for Nigeria?
No licence number is published for this country.
How long does a withdrawal from Chaka take?
3-4 business days hours as published. credited to you account within 3-4 business day