FXTM — Nigeria
Key facts (8)
- Who actually onboards you
- Exinity Ltd
- Licence number
- C113012295
- Established
- 2011
- Min deposit, USD
- not stated
- Platforms
- MT4 · MT5
- Local funding
- Local Nigerian bank transfer, cards; local proce
- Max leverage
- 2000geo
- EURUSD
- 1.5 pipsgroup
This broker against the Nigeria middle (47 of 82)
| FXTM | Nigeria median | |
|---|---|---|
| Round turn, USD | 3.5 USD | 6.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | 2000geo | 500.0geo |
| Withdrawal, h | no data | 24.0 h |
| EURUSD, standard | 1.5 pipsgroup | 1.1 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 2011 | 2009.0 |
| Platforms | 2 | 3.0 |
Accepts residents of Nigeria
Through an offshore entity
Score (4/6 axes)
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
Exinity Ltd
Offshore entity
Nigerian clients onboarded under offshore Exinity Ltd (Mauritius FSC); FXTM runs a dedicated Nigeria office/seminars and NGN accounts.
Accounts
Standard/Cent/ECN range + Advantage; Islamic available.
Withdrawal time and methods
Cost against the Nigeria median (47 of 82)
raw+commission
Rating, and how many people left it
Software and market access (2)
MT4 · MT5
FX, indices, commodities, stock CFDs, limited 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
USA, Mauritius, Japan, Canada, Haiti, Iran, Suriname, Democratic People's Republic of Korea, Puerto Rico, Occupied Area of Cyprus, Quebec, Iraq, Syria, Cuba, Belarus, Myanmar, Russia, 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 (2)
Checked: 2026-07-09
FAQ (4)
Does FXTM accept residents of Nigeria?
Through an offshore entity.
Which entity onboards a Nigeria client of FXTM?
Exinity Ltd
What licence does FXTM hold for Nigeria?
Licence C113012295.
What does one EURUSD lot cost at FXTM?
3.5 USD per round turn against a Nigeria median of 6.0 USD, measured on 47 of 82 brokers.