FBS — Nigeria
Key facts (8)
- Who actually onboards you
- FBS Markets Inc
- Licence number
- not stated
- Established
- 2009
- Min deposit, USD
- not stated
- Platforms
- MT4 · MT5 · FBS Trader app
- Local funding
- Local bank transfer, cards, e-wallets; NGN rails
- Max leverage
- 3000geo
- EURUSD
- 0.7 pipsgroup
This broker against the Nigeria middle (47 of 82)
| FBS | Nigeria median | |
|---|---|---|
| Round turn, USD | 7.0 USD | 6.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | 3000geo | 500.0geo |
| Withdrawal, h | instant withdrawals available; withdrawal requests within 24 hours hgroup | 24.0 h |
| EURUSD, standard | 0.7 pipsgroup | 1.1 pips |
| EURUSD, raw | not priced | 0.0 pips |
| Established | 2009 | 2009.0 |
| Platforms | 3 | 3.0 |
Accepts residents of Nigeria
Through an offshore entity
Score (6/6 axes)
Ranked against brokers measured on every axis
Licence check
Who actually onboards you
FBS Markets Inc
Offshore entity
Nigerian clients onboarded via offshore FBS Markets Inc. (Belize).
Accounts
Cent, Standard, ECN/ECO, Zero Spread, Crypto.
Withdrawal time and methods
Cost against the Nigeria median (47 of 82)
standard
Rating, and how many people left it
FBS Reviews | Read Customer Service Reviews of fbs.com - Trustpilot
Software and market access (3)
MT4 · MT5 · FBS Trader app
FX pairs, metals, indices, energies, stocks, 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, European Union countries, United Kingdom, Israel, Iran, Myanmar
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 (2)
Checked: 2026-07-09
- fbs.com domain
- sec.gov.ng domain
FAQ (5)
Does FBS accept residents of Nigeria?
Through an offshore entity.
Which entity onboards a Nigeria client of FBS?
FBS Markets Inc
What licence does FBS hold for Nigeria?
No licence number is published for this country.
What does one EURUSD lot cost at FBS?
7.0 USD per round turn against a Nigeria median of 6.0 USD, measured on 47 of 82 brokers.
How long does a withdrawal from FBS take?
instant withdrawals available; withdrawal requests within 24 hours hours as published. Instant withdrawals available