FXChoice — Nigeria
Key facts (8)
- Who actually onboards you
- FX Choice Ltd
- Licence number
- not stated
- Established
- 2010group
- Min deposit, USD
- 100 USDgeo
- Platforms
- MT4 · MT5
- Local funding
- Cards, e-wallets, bank wire; crypto historically
- Max leverage
- 200geo
- EURUSD
- 0.5 pipsgroup
This broker against the Nigeria middle (47 of 82)
| FXChoice | Nigeria median | |
|---|---|---|
| Round turn, USD | 7.0 USD | 6.0 USD |
| Min deposit, USD | 100 USDgeo | 50.0 USD |
| Max leverage | 200geo | 500.0geo |
| Withdrawal, h | 24 hours hgroup | 24.0 h |
| EURUSD, standard | 0.5 pipsgroup | 1.1 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 2010group | 2009.0 |
| Platforms | 2 | 3.0 |
Accepts residents of Nigeria
No
Score (5/6 axes)
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
FX Choice Ltd
Entity not established
FX Choice Ltd (Belize) serves Nigerian clients cross-border; no local NG entity.
Accounts
Classic, Pro, Optimum. Min USD 100 (Classic/Pro).
Withdrawal time and methods
Cost against the Nigeria median (47 of 82)
raw+commission
Rating, and how many people left it
User Rating|3.5 (2 reviews)
Software and market access (2)
MT4 · MT5
40+ FX pairs, indices, 80+ stocks, metals, 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
Afghanistan, Belize, Iraq, Italy, Korea, Spain, Sudan, Syria, United States, Guam, Northern Mariana Islands, Puerto Rico, Virgin Islands, U.S., United States Outlying Islands, American Samoa
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
- myfxchoice.com domain
- forexbroker.ng domain
- tradersunion.com domain
FAQ (5)
Does FXChoice accept residents of Nigeria?
No.
Which entity onboards a Nigeria client of FXChoice?
FX Choice Ltd
What licence does FXChoice hold for Nigeria?
No licence number is published for this country.
What does one EURUSD lot cost at FXChoice?
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 FXChoice take?
24 hours hours as published. withdrawals, which are processed within 24 hours Monday to Friday