Moneta Markets — Nigeria
Key facts (8)
- Who actually onboards you
- Moneta Markets Ltd
- Licence number
- SD144
- Established
- 2019group
- Min deposit, USD
- 50 USDgeo
- Platforms
- MT4 · MT5 · PRO Trader (web) · AppTrader (mobile)
- Local funding
- Bank/wire, Visa/Mastercard, FasaPay, SticPay and
- Max leverage
- 1000geo
- EURUSD
- 1.2 pipsgeo
This broker against the Nigeria middle (47 of 82)
| Moneta Markets | Nigeria median | |
|---|---|---|
| Round turn, USD | 12.0 USD | 6.0 USD |
| Min deposit, USD | 50 USDgeo | 50.0 USD |
| Max leverage | 1000geo | 500.0geo |
| Withdrawal, h | within 24 business hours hgroup | 24.0 h |
| EURUSD, standard | 1.2 pipsgeo | 1.1 pips |
| EURUSD, raw | 0.1 pipsgeo | 0.0 pips |
| Established | 2019group | 2009.0 |
| Platforms | 4 | 3.0 |
Accepts residents of Nigeria
Through an offshore entity
Score (6/6 axes)
Ranked against brokers measured on every axis
Licence check
Who actually onboards you
Moneta Markets Ltd
Offshore entity
Nigerian retail clients are onboarded by Moneta Markets Ltd, St Lucia-registered (RIBC 2023-00068) under Seychelles FSA licence SD144.
Accounts
Direct STP (min USD 50, spread-only from ~1.2 pips), Prime ECN (min USD 50, from 0.0 pips + ~USD 3/side), Ultra ECN (min
Withdrawal time and methods
Cost against the Nigeria median (47 of 82)
standard
Rating, and how many people left it
4.1 424 reviews
Software and market access (4)
MT4 · MT5 · PRO Trader (web) · AppTrader (mobile)
1,000+ instruments: forex, indices, commodities, share CFDs, crypto CFDs, ETFs and bonds.
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, Cyprus, France, Italy, Spain, Russia, Ukraine
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
FAQ (5)
Does Moneta Markets accept residents of Nigeria?
Through an offshore entity.
Which entity onboards a Nigeria client of Moneta Markets?
Moneta Markets Ltd
What licence does Moneta Markets hold for Nigeria?
Licence SD144.
What does one EURUSD lot cost at Moneta Markets?
12.0 USD per round turn against a Nigeria median of 6.0 USD, measured on 47 of 82 brokers.
How long does a withdrawal from Moneta Markets take?
within 24 business hours hours as published. requests are typically processed within 24 business hours