InstaForex — Nigeria
Key facts (8)
- Who actually onboards you
- Instant Trading Ltd
- Licence number
- not stated
- Established
- 2007
- Min deposit, USD
- 1 USDgeo
- Platforms
- MT4 · MT5 · proprietary web/mobile
- Local funding
- Naira deposits via local banks (GTBank, Sterling
- Max leverage
- 1000geo
- EURUSD
- not priced
This broker against the Nigeria middle (47 of 82)
| InstaForex | Nigeria median | |
|---|---|---|
| Round turn, USD | not priced | 6.0 USD |
| Min deposit, USD | 1 USDgeo | 50.0 USD |
| Max leverage | 1000geo | 500.0geo |
| Withdrawal, h | no data | 24.0 h |
| EURUSD, standard | not priced | 1.1 pips |
| EURUSD, raw | not priced | 0.0 pips |
| Established | 2007 | 2009.0 |
| Platforms | 3 | 3.0 |
Accepts residents of Nigeria
Through an offshore entity
Score (3/6 axes)
no data
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
Instant Trading Ltd
Entity not established
Nigerian clients served via offshore Instant Trading Ltd (BVI); localised site instaforex.com.ng.
Accounts
Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica; min USD 1.
Withdrawal time and methods
Cost against the Nigeria median (47 of 82)
Rating, and how many people left it
Software and market access (3)
MT4 · MT5 · proprietary web/mobile
FX, indices, commodities, stocks, crypto (300+).
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
no data
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 (4)
Checked: 2026-07-09
- instaforex.com.ng domain
- fxscouts.ng domain
- forexbroker.ng domain
- tradersunion.com domain
FAQ (3)
Does InstaForex accept residents of Nigeria?
Through an offshore entity.
Which entity onboards a Nigeria client of InstaForex?
Instant Trading Ltd
What licence does InstaForex hold for Nigeria?
No licence number is published for this country.