ThinkMarkets — Nigeria
Key facts (8)
- Who actually onboards you
- TF Global Markets Int Ltd
- Licence number
- SD060
- Established
- 2010group
- Min deposit, USD
- 50 USDgeo
- Platforms
- MT4 · MT5 · ThinkTrader · TradingView
- Local funding
- Bank/wire, Visa/Mastercard, Skrill, Neteller; lo
- Max leverage
- 500geo
- EURUSD
- 1.1 pipsgeo
This broker against the Nigeria middle (47 of 82)
| ThinkMarkets | Nigeria median | |
|---|---|---|
| Round turn, USD | 7.0 USD | 6.0 USD |
| Min deposit, USD | 50 USDgeo | 50.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | 24 hours hgroup | 24.0 h |
| EURUSD, standard | 1.1 pipsgeo | 1.1 pips |
| EURUSD, raw | 0.0 pipsgeo | 0.0 pips |
| Established | 2010group | 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
TF Global Markets Int Ltd
Entity not established
Nigerian retail clients are onboarded under the offshore TF Global Markets Int Ltd (Seychelles).
Accounts
Standard (min ~USD 50, 0 commission), ThinkZero (min USD 500, raw + commission), ThinkTrader account.
Withdrawal time and methods
Cost against the Nigeria median (47 of 82)
raw+commission
Rating, and how many people left it
4.3 out of 5
Software and market access (4)
MT4 · MT5 · ThinkTrader · TradingView
40+ forex pairs, 17 index CFDs, metals/energies, 1,500+ share CFDs, 20+ 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
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
- support.thinkmarkets.com domain
- tradersunion.com domain
FAQ (5)
Does ThinkMarkets accept residents of Nigeria?
Through an offshore entity.
Which entity onboards a Nigeria client of ThinkMarkets?
TF Global Markets Int Ltd
What licence does ThinkMarkets hold for Nigeria?
Licence SD060.
What does one EURUSD lot cost at ThinkMarkets?
7.0 USD per round turn against a Nigeria median of 6.0 USD, measured on 47 of 82 brokers.
How long does a withdrawal from ThinkMarkets take?
24 hours hours as published. Withdrawals are usually processed within 24 hours.