FreshForex — Nigeria
Key facts (8)
- Who actually onboards you
- Riston Capital Ltd
- Licence number
- not stated
- Established
- 2004group
- Min deposit, USD
- 10 USDgeo
- Platforms
- MT4 · MT5
- Local funding
- Local Nigerian bank transfer, OnlineNaira, M-Pes
- Max leverage
- 2000geo
- EURUSD
- from 2 pips pipsgroup
This broker against the Nigeria middle (47 of 82)
| FreshForex | Nigeria median | |
|---|---|---|
| Round turn, USD | 20.0 USD | 6.0 USD |
| Min deposit, USD | 10 USDgeo | 50.0 USD |
| Max leverage | 2000geo | 500.0geo |
| Withdrawal, h | no data | 24.0 h |
| EURUSD, standard | from 2 pips pipsgroup | 1.1 pips |
| EURUSD, raw | 0 pipsgroup | 0.0 pips |
| Established | 2004group | 2009.0 |
| Platforms | 2 | 3.0 |
Accepts residents of Nigeria
Through an offshore entity
Score (5/6 axes)
Ranked against brokers measured on every axis
Licence check
Who actually onboards you
Riston Capital Ltd
Entity not established
Served offshore by Riston Capital Ltd (SVG); no Nigerian entity.
Accounts
Classic, Market Pro, ECN; card min USD 10.
Withdrawal time and methods
Cost against the Nigeria median (47 of 82)
standard
Rating, and how many people left it
Trustpilot rating of 3.5/5 based on around 100 reviews
Software and market access (2)
MT4 · MT5
270+ instruments: FX, metals, indices, crypto, commodities.
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
Bahamas, Barbados, Burkina Faso, Cayman Islands, Central African Republic, China, Democratic Republic of the Congo, Dominica, Grenada, Guinea-Bissau, Haiti, Hong Kong, India, Indonesia, Iran, Jamaica, Mali, Montenegro, Myanmar, North Korea, Russia, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Somalia, Somaliland, South Sudan, Spain, Ukraine,
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: 2026-07-09
- freshforex.com domain
- tradersunion.com domain
- wikifx.com domain
FAQ (4)
Does FreshForex accept residents of Nigeria?
Through an offshore entity.
Which entity onboards a Nigeria client of FreshForex?
Riston Capital Ltd
What licence does FreshForex hold for Nigeria?
No licence number is published for this country.
What does one EURUSD lot cost at FreshForex?
20.0 USD per round turn against a Nigeria median of 6.0 USD, measured on 47 of 82 brokers.