TMGM — Nigeria
Key facts (8)
- Who actually onboards you
- Trademax Global Ltd
- Licence number
- 40356
- Established
- 2013
- Min deposit, USD
- not stated
- Platforms
- MT4 · MT5 · IRESS · TMGM mobile app
- Local funding
- Cards (Visa/Mastercard/UnionPay), Skrill, Netell
- Max leverage
- 1000geo
- EURUSD
- 1.0 pipsgroup
This broker against the Nigeria middle (47 of 82)
| TMGM | Nigeria median | |
|---|---|---|
| Round turn, USD | 7.0 USD | 6.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | 1000geo | 500.0geo |
| Withdrawal, h | no data | 24.0 h |
| EURUSD, standard | 1.0 pipsgroup | 1.1 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 2013 | 2009.0 |
| Platforms | 4 | 3.0 |
Accepts residents of Nigeria
Through an offshore entity
Score (5/6 axes)
Ranked against brokers measured on every axis
Licence check
Who actually onboards you
Trademax Global Ltd
Offshore entity
Nigerian retail clients are onboarded under the offshore arm Trademax Global Ltd (Vanuatu).
Accounts
Classic (commission-free), Edge (raw-spread + commission) and IRESS; min deposit USD 100 (IRESS USD 5,000).
Withdrawal time and methods
Cost against the Nigeria median (47 of 82)
raw+commission
Rating, and how many people left it
Looking at 196 reviews
Software and market access (4)
MT4 · MT5 · IRESS · TMGM mobile app
12,000+ instruments: forex, share CFDs, precious metals, energies, indices and 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, Canada, Hong Kong
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: 2026-07-09
- tmgm.com/en/about/why-choose-tmgm page
- wikifx.com domain
- sec.gov.ng domain
FAQ (4)
Does TMGM accept residents of Nigeria?
Through an offshore entity.
Which entity onboards a Nigeria client of TMGM?
Trademax Global Ltd
What licence does TMGM hold for Nigeria?
Licence 40356.
What does one EURUSD lot cost at TMGM?
7.0 USD per round turn against a Nigeria median of 6.0 USD, measured on 47 of 82 brokers.