FXCM — Nigeria
Key facts (8)
- Who actually onboards you
- Stratos Global LLC
- Licence number
- not stated
- Established
- 1999group
- Min deposit, USD
- not stated
- Platforms
- Trading Station · MT4 · ZuluTrade
- Local funding
- NGN bank transfer
- Max leverage
- 400geo
- EURUSD
- 1.3 pipsgroup
This broker against the Nigeria middle (47 of 82)
| FXCM | Nigeria median | |
|---|---|---|
| Round turn, USD | 7.5 USD | 6.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | 400geo | 500.0geo |
| Withdrawal, h | no data | 24.0 h |
| EURUSD, standard | 1.3 pipsgroup | 1.1 pips |
| EURUSD, raw | 0.2 pipsgroup | 0.0 pips |
| Established | 1999group | 2009.0 |
| Platforms | 3 | 3.0 |
Accepts residents of Nigeria
Yes
Score (5/6 axes)
Ranked against brokers measured on every axis
Licence check
FXCM is described as serving Nigerian clients through its international entities, while local Nigerian regulation is not indicated.
Who actually onboards you
Stratos Global LLC
Entity not established
Nigeria clients are served under Stratos Global LLC, the FXCM entity identified for Nigeria/South Africa local bank transfer support.
Accounts
Standard live, demo, Islamic
The results describe a commission-free Standard live account, a free demo account, and Islamic swap-free accounts. One source also says FXCM offers multiple retail account types globally.
Withdrawal time and methods
FXCM lists debit/credit cards, bank wire, Google Pay, Skrill, and Neteller as deposit methods. For Nigeria, NGN bank transfer support is noted, but local bank-transfer withdrawals are not available.
Cost against the Nigeria median (47 of 82)
raw+commission
Rating, and how many people left it
4.4 out of 5
Software and market access (3)
Trading Station · MT4 · ZuluTrade
Forex, CFDs, crypto
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, Canada, United Kingdom, European Union, Hong Kong, Australia, Israel, Japan, India
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 (0)
Checked: 2026-08-27
FAQ (4)
Does FXCM accept residents of Nigeria?
Yes.
Which entity onboards a Nigeria client of FXCM?
Stratos Global LLC
What licence does FXCM hold for Nigeria?
No licence number is published for this country. FXCM is described as serving Nigerian clients through its international entities, while local Nigerian regulation is not indicated.
What does one EURUSD lot cost at FXCM?
7.5 USD per round turn against a Nigeria median of 6.0 USD, measured on 47 of 82 brokers.