Cowrywise — Nigeria
Key facts (8)
- Who actually onboards you
- Cowrywise Financial Technology Limited
- Licence number
- not stated
- Established
- 2017group
- Min deposit, USD
- not stated
- Platforms
- Cowrywise mobile app (iOS/Android) · web
- Local funding
- bank transfer, debit cards, USSD
- Max leverage
- not stated
- EURUSD
- not priced
This broker against the Nigeria middle (47 of 82)
| Cowrywise | 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 | 24 hours hgroup | 24.0 h |
| EURUSD, standard | not priced | 1.1 pips |
| EURUSD, raw | not priced | 0.0 pips |
| Established | 2017group | 2009.0 |
| Platforms | 2 | 3.0 |
Accepts residents of Nigeria
No
Score (4/6 axes)
no data
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
Cowrywise Financial Technology Limited
Entity not established
Accounts
savings and investment account (regular savings, life goals/plans, mutual fund investing, stash/circle)
Withdrawal time and methods
Cost against the Nigeria median (47 of 82)
Rating, and how many people left it
Software and market access (2)
Cowrywise mobile app (iOS/Android) · web
Naira and USD savings; 30+ aggregated mutual funds (money market, fixed income, equity, dollar funds) from SEC-licensed managers
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: 2026-07-11
FAQ (4)
Does Cowrywise accept residents of Nigeria?
No.
Which entity onboards a Nigeria client of Cowrywise?
Cowrywise Financial Technology Limited
What licence does Cowrywise hold for Nigeria?
No licence number is published for this country.
How long does a withdrawal from Cowrywise take?
24 hours hours as published. Your withdrawal will be processed 24 hours after it is initiated.