Meristem Stockbrokers — Nigeria
Key facts (8)
- Who actually onboards you
- Meristem Stockbrokers Limited
- Licence number
- not stated
- Established
- 2003group
- Min deposit, USD
- not stated
- Platforms
- MeriTrade
- Local funding
- bank transfer
- Max leverage
- not stated
- EURUSD
- not priced
This broker against the Nigeria middle (47 of 82)
| Meristem Stockbrokers | Nigeria median | |
|---|---|---|
| Round turn, USD | not priced | 6.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | no data | 500.0geo |
| Withdrawal, h | 24 hours hgroup | 24.0 h |
| EURUSD, standard | not priced | 1.1 pips |
| EURUSD, raw | not priced | 0.0 pips |
| Established | 2003group | 2009.0 |
| Platforms | 1 | 3.0 |
Accepts residents of Nigeria
Yes
Score (5/6 axes)
Shown, not ranked: no round-turn price
Licence check
Who actually onboards you
Meristem Stockbrokers Limited
Entity not established
Meristem Stockbrokers Limited (MSBL), part of Meristem group
Accounts
brokerage/securities trading account; online (MeriTrade) and advisory; margin trading account
Withdrawal time and methods
Cost against the Nigeria median (47 of 82)
Rating, and how many people left it
4.3/5
Software and market access (1)
MeriTrade
NGX-listed equities and ETFs; fixed income; mutual funds within Meristem group
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 (3)
Checked: 2026-07-11
FAQ (4)
Does Meristem Stockbrokers accept residents of Nigeria?
Yes.
Which entity onboards a Nigeria client of Meristem Stockbrokers?
Meristem Stockbrokers Limited
What licence does Meristem Stockbrokers hold for Nigeria?
No licence number is published for this country.
How long does a withdrawal from Meristem Stockbrokers take?
24 hours hours as published. Withdrawal request will be treated within 24hours.