OctaFX — Nigeria
Key facts (8)
- Who actually onboards you
- Octa Markets Ltd
- Licence number
- not stated
- Established
- 2011group
- Min deposit, USD
- not stated
- Platforms
- OctaTrader · MT4 · MT5
- Local funding
- Naira local bank transfer commonly cited; verify
- Max leverage
- not stated
- EURUSD
- 0.6 pipsgroup
This broker against the Nigeria middle (47 of 82)
| OctaFX | Nigeria median | |
|---|---|---|
| Round turn, USD | 6.0 USD | 6.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | no data | 500.0geo |
| Withdrawal, h | no data | 24.0 h |
| EURUSD, standard | 0.6 pipsgroup | 1.1 pips |
| EURUSD, raw | not priced | 0.0 pips |
| Established | 2011group | 2009.0 |
| Platforms | 3 | 3.0 |
Accepts residents of Nigeria
No
Score (4/6 axes)
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
Octa Markets Ltd
Offshore entity
NG clients served under offshore Octa Markets Ltd (Mwali/MISA, Comoros); no local entity.
Accounts
Micro (MT4), Pro (MT5), OctaTrader; min USD 25.
Withdrawal time and methods
Cost against the Nigeria median (47 of 82)
standard
Rating, and how many people left it
Software and market access (3)
OctaTrader · MT4 · MT5
FX, metals, indices, commodities, crypto & stock 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
Russia, Cyprus, Belarus, Kazakhstan, Ukraine, Puerto Rico, United States, U.S. Virgin Islands, U.S. Outlying Islands, American Samoa, Northern Mariana Islands, Guam
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
- octabroker.com domain
- sec.gov.ng domain
FAQ (4)
Does OctaFX accept residents of Nigeria?
No.
Which entity onboards a Nigeria client of OctaFX?
Octa Markets Ltd
What licence does OctaFX hold for Nigeria?
No licence number is published for this country.
What does one EURUSD lot cost at OctaFX?
6.0 USD per round turn against a Nigeria median of 6.0 USD, measured on 47 of 82 brokers.