LiteFinance — Nigeria
Key facts (8)
- Who actually onboards you
- LiteFinance Global LLC
- Licence number
- 931
- Established
- 2005group
- Min deposit, USD
- 50 USDgeo
- Platforms
- MT4 · MT5 · cTrader · proprietary web/mobile terminal
- Local funding
- NGN bank-transfer deposits/withdrawals via local
- Max leverage
- 500geo
- EURUSD
- from 1.8 pips pipsgroup
This broker against the Nigeria middle (47 of 82)
| LiteFinance | Nigeria median | |
|---|---|---|
| Round turn, USD | not priced | 6.0 USD |
| Min deposit, USD | 50 USDgeo | 50.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | within 24 hours hgroup | 24.0 h |
| EURUSD, standard | from 1.8 pips pipsgroup | 1.1 pips |
| EURUSD, raw | from 0.0 pips pipsgroup | 0.0 pips |
| Established | 2005group | 2009.0 |
| Platforms | 4 | 3.0 |
Accepts residents of Nigeria
Through an offshore entity
Score (5/6 axes)
Shown, not ranked: no round-turn price
Licence check
Who actually onboards you
LiteFinance Global LLC
Entity not established
Nigerian residents are onboarded under offshore LiteFinance Global LLC (St Vincent); LiteFinance operates a Lagos office and active local marketing.
Accounts
Cent, Classic (min USD 50, no commission) and ECN (min USD 50, commission-based); MT4/MT5.
Withdrawal time and methods
Cost against the Nigeria median (47 of 82)
Rating, and how many people left it
LiteFinance is rated "Great" with 4 / 5 on Trustpilot
Software and market access (4)
MT4 · MT5 · cTrader · proprietary web/mobile terminal
Forex pairs, metals, oil, stock indices, share CFDs and 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, European Economic Area, Russia, Japan, Israel
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
- litefinance.org domain
- forexbroker.ng domain
- sec.gov.ng domain
FAQ (4)
Does LiteFinance accept residents of Nigeria?
Through an offshore entity.
Which entity onboards a Nigeria client of LiteFinance?
LiteFinance Global LLC
What licence does LiteFinance hold for Nigeria?
Licence 931.
How long does a withdrawal from LiteFinance take?
within 24 hours hours as published. Larger amounts are processed within 24 hours