FIBO Group — Nigeria
Key facts (8)
- Who actually onboards you
- Nigerian clients onboarded by offshore FIBO Group, Ltd (BVI).
- Licence number
- not stated
- Established
- 1998group
- Min deposit, USD
- not stated
- Platforms
- MT4 · MT5 · cTrader
- Local funding
- No NGN bank rail verified; cards, bank wire, Skr
- Max leverage
- 1000geo
- EURUSD
- 0.2 pipsgroup
This broker against the Nigeria middle (47 of 82)
| FIBO Group | Nigeria median | |
|---|---|---|
| Round turn, USD | 2.0 USD | 6.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | 1000geo | 500.0geo |
| Withdrawal, h | up to 2 business days hgroup | 24.0 h |
| EURUSD, standard | 0.2 pipsgroup | 1.1 pips |
| EURUSD, raw | not priced | 0.0 pips |
| Established | 1998group | 2009.0 |
| Platforms | 3 | 3.0 |
Accepts residents of Nigeria
Through an offshore entity
Score (5/6 axes)
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
Nigerian clients onboarded by offshore FIBO Group, Ltd (BVI).
Entity not established
Accounts
MT4/MT5 Cent (from 1 cent), Fixed/NDD (min USD 50), cTrader (min USD 50).
Withdrawal time and methods
Cost against the Nigeria median (47 of 82)
standard
Rating, and how many people left it
based on 16 reviews
Software and market access (3)
MT4 · MT5 · cTrader
FX, metals, crypto CFDs, US stock CFDs, indices.
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
Australia, Belgium, Russia, United Kingdom, North Korea, United 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
- fibogroup.com domain
- sec.gov.ng domain
- rally.trade domain
- wikifx.com domain
FAQ (5)
Does FIBO Group accept residents of Nigeria?
Through an offshore entity.
Which entity onboards a Nigeria client of FIBO Group?
Nigerian clients onboarded by offshore FIBO Group, Ltd (BVI).
What licence does FIBO Group hold for Nigeria?
No licence number is published for this country.
What does one EURUSD lot cost at FIBO Group?
2.0 USD per round turn against a Nigeria median of 6.0 USD, measured on 47 of 82 brokers.
How long does a withdrawal from FIBO Group take?
up to 2 business days hours as published. Withdrawals are typically processed within up to 2 business days.