Trade Nation — Nigeria
Key facts (8)
- Who actually onboards you
- Trade Nation Ltd
- Licence number
- not stated
- Established
- 2014group
- Min deposit, USD
- 0 USDgeo
- Platforms
- TN Trader · MetaTrader 4
- Local funding
- Visa/Mastercard and bank transfer; local NGN nai
- Max leverage
- 200geo
- EURUSD
- 0.6 pipsgeo
This broker against the Nigeria middle (47 of 82)
| Trade Nation | Nigeria median | |
|---|---|---|
| Round turn, USD | 6.0 USD | 6.0 USD |
| Min deposit, USD | 0 USDgeo | 50.0 USD |
| Max leverage | 200geo | 500.0geo |
| Withdrawal, h | up to five business days hgroup | 24.0 h |
| EURUSD, standard | 0.6 pipsgeo | 1.1 pips |
| EURUSD, raw | not priced | 0.0 pips |
| Established | 2014group | 2009.0 |
| Platforms | 2 | 3.0 |
Accepts residents of Nigeria
No
Score (6/6 axes)
Ranked against brokers measured on every axis
Licence check
Who actually onboards you
Trade Nation Ltd
Entity not established
Nigerian retail clients are onboarded under the offshore entity Trade Nation Ltd, regulated by the Securities Commission of The Bahamas (SCB).
Accounts
Two live tiers - lower-leverage (up to 1:30) and higher-leverage (up to 1:200), plus demo; TN Trader is fixed-spread, MT
Withdrawal time and methods
Cost against the Nigeria median (47 of 82)
standard
Rating, and how many people left it
holding a Trustpilot rating of 4.4 out of 5 stars based on 2,091 verified customer reviews
Software and market access (2)
TN Trader · MetaTrader 4
1,000+ instruments - ~40 forex pairs, ~1,100 share CFDs, plus indices, commodities 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
Afghanistan, American Samoa, Australia, Belgium, Canada, Central African Republic, Democratic Republic of Congo, Haiti, Iran, Israel, Korea, Democratic People's Republic of, Libyan Arab Jamahiriya, Myanmar, Puerto Rico, Russian Federation, Somalia, South Sudan, Spain, Sudan, Syrian Arab Republic, United Kingdom, United States, United States Minor Outlying Islands, Virgin Islands, Yemen
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
FAQ (5)
Does Trade Nation accept residents of Nigeria?
No.
Which entity onboards a Nigeria client of Trade Nation?
Trade Nation Ltd
What licence does Trade Nation hold for Nigeria?
No licence number is published for this country.
What does one EURUSD lot cost at Trade Nation?
6.0 USD per round turn against a Nigeria median of 6.0 USD, measured on 47 of 82 brokers.
How long does a withdrawal from Trade Nation take?
up to five business days hours as published. withdrawals go back to the original payment method ... and can take up to five business days