Mitrade — Nigeria
Key facts (8)
- Who actually onboards you
- Mitrade Holding Ltd
- Licence number
- not stated
- Established
- 2011group
- Min deposit, USD
- 20 USDgeo
- Platforms
- Proprietary Mitrade app/web
- Local funding
- Local NGN bank/card rails not verified at review
- Max leverage
- 200geo
- EURUSD
- 0.4 pipsgeo
This broker against the Nigeria middle (47 of 82)
| Mitrade | Nigeria median | |
|---|---|---|
| Round turn, USD | 4.0 USD | 6.0 USD |
| Min deposit, USD | 20 USDgeo | 50.0 USD |
| Max leverage | 200geo | 500.0geo |
| Withdrawal, h | 1-2 banking days hgroup | 24.0 h |
| EURUSD, standard | 0.4 pipsgeo | 1.1 pips |
| EURUSD, raw | not priced | 0.0 pips |
| Established | 2011group | 2009.0 |
| Platforms | 1 | 3.0 |
Accepts residents of Nigeria
Not established
Score (5/6 axes)
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
Mitrade Holding Ltd
Offshore entity
Nigerian clients served via offshore Mitrade Holding Ltd (Cayman/CIMA).
Accounts
Standard; min ~USD 20-50.
Withdrawal time and methods
Cost against the Nigeria median (47 of 82)
standard
Rating, and how many people left it
Software and market access (1)
Proprietary Mitrade app/web
400+ CFDs: FX, indices, commodities, shares, ETFs, crypto.
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, Japan, New Zealand, Iran, North Korea, Yemen, Afghanistan
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
- sec.gov.ng domain
- mitrade.com domain
FAQ (5)
Does Mitrade accept residents of Nigeria?
Unclear.
Which entity onboards a Nigeria client of Mitrade?
Mitrade Holding Ltd
What licence does Mitrade hold for Nigeria?
No licence number is published for this country.
What does one EURUSD lot cost at Mitrade?
4.0 USD per round turn against a Nigeria median of 6.0 USD, measured on 47 of 82 brokers.
How long does a withdrawal from Mitrade take?
1-2 banking days hours as published. within a minimum of one (1) business day and up to three (3) business days