HFM — Nigeria
Key facts (8)
- Who actually onboards you
- HF Markets (SV) Ltd
- Licence number
- not stated
- Established
- 2010group
- Min deposit, USD
- not stated
- Platforms
- MT4 · MT5 · HFM app
- Local funding
- Local NGN bank deposit / online banking via Zeni
- Max leverage
- 2000geo
- EURUSD
- 1.4 pipsgroup
This broker against the Nigeria middle (47 of 82)
| HFM | Nigeria median | |
|---|---|---|
| Round turn, USD | 6.0 USD | 6.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | 2000geo | 500.0geo |
| Withdrawal, h | 24 hours hgroup | 24.0 h |
| EURUSD, standard | 1.4 pipsgroup | 1.1 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 2010group | 2009.0 |
| Platforms | 3 | 3.0 |
Accepts residents of Nigeria
Yes
Score (6/6 axes)
Ranked against brokers measured on every axis
Licence check
Who actually onboards you
HF Markets (SV) Ltd
Offshore entity
Nigerian clients onboarded under offshore HF Markets (SV) Ltd (SVG).
Accounts
Cent, Zero, Pro, Premium, Islamic; Pro/Premium/Zero can be NGN-denominated.
Withdrawal time and methods
Cost against the Nigeria median (47 of 82)
raw+commission
Rating, and how many people left it
4.6/5 based on 1,500+ reviews
Software and market access (3)
MT4 · MT5 · HFM app
FX, metals, indices, shares, commodities, 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
United States, Canada, North Korea, Sudan, Iran
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
- compareforexbrokers.ng domain
- safeforexbrokers.ng domain
- fxscouts.ng domain
FAQ (5)
Does HFM accept residents of Nigeria?
Yes.
Which entity onboards a Nigeria client of HFM?
HF Markets (SV) Ltd
What licence does HFM hold for Nigeria?
No licence number is published for this country.
What does one EURUSD lot cost at HFM?
6.0 USD per round turn against a Nigeria median of 6.0 USD, measured on 47 of 82 brokers.
How long does a withdrawal from HFM take?
24 hours hours as published. HFM aims to process withdrawal requests within 24 hours on business days.