CMTrading — Nigeria
Key facts (8)
- Who actually onboards you
- GCMT Limited
- Licence number
- not stated
- Established
- 2012
- Min deposit, USD
- 100 USDgeo
- Platforms
- MT4 · WebTrader · mobile app
- Local funding
- OnlineNaira, PayUnit/local cards, bank transfer,
- Max leverage
- 200geo
- EURUSD
- not priced
This broker against the Nigeria middle (47 of 82)
| CMTrading | Nigeria median | |
|---|---|---|
| Round turn, USD | not priced | 6.0 USD |
| Min deposit, USD | 100 USDgeo | 50.0 USD |
| Max leverage | 200geo | 500.0geo |
| Withdrawal, h | no data | 24.0 h |
| EURUSD, standard | not priced | 1.1 pips |
| EURUSD, raw | not priced | 0.0 pips |
| Established | 2012 | 2009.0 |
| Platforms | 3 | 3.0 |
Accepts residents of Nigeria
Yes
Score (4/6 axes)
Shown, not ranked: no round-turn price
Licence check
Who actually onboards you
GCMT Limited
Entity not established
Served via offshore GCMT Limited (FSA Seychelles); no Nigerian entity or SEC registration.
Accounts
Basic/Silver/Gold/Premium/VIP; entry min ~USD 300 (or ~USD 100 via local methods).
Withdrawal time and methods
Cost against the Nigeria median (47 of 82)
Rating, and how many people left it
Trustpilot rating of 4.0 out of 5 stars based on approximately 4,700 reviews
Software and market access (3)
MT4 · WebTrader · mobile app
FX, indices, commodities, shares, crypto CFDs.
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
United States, North Korea, Iran, Syria, European Union member states
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 (4)
Checked: 2026-07-09
- sec.gov.ng/illegal-operator-cmtrading page
- channelstv.com domain
- guardian.ng domain
- cmtrading.com/onlinenaira page
FAQ (3)
Does CMTrading accept residents of Nigeria?
Yes.
Which entity onboards a Nigeria client of CMTrading?
GCMT Limited
What licence does CMTrading hold for Nigeria?
No licence number is published for this country.