Weltrade — Nigeria
Key facts (8)
- Who actually onboards you
- Weltrade Ltd
- Licence number
- not stated
- Established
- 2006group
- Min deposit, USD
- 1 USDgeo
- Platforms
- MT4 · MT5 · Smart Invest app
- Local funding
- Local bank transfer, Paystack, Flutterwave, card
- Max leverage
- 2000geo
- EURUSD
- not priced
This broker against the Nigeria middle (47 of 82)
| Weltrade | Nigeria median | |
|---|---|---|
| Round turn, USD | 3.1 USD | 6.0 USD |
| Min deposit, USD | 1 USDgeo | 50.0 USD |
| Max leverage | 2000geo | 500.0geo |
| Withdrawal, h | no data | 24.0 h |
| EURUSD, standard | not priced | 1.1 pips |
| EURUSD, raw | 0.01 pipsgroup | 0.0 pips |
| Established | 2006group | 2009.0 |
| Platforms | 3 | 3.0 |
Accepts residents of Nigeria
Yes
Score (4/6 axes)
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
Weltrade Ltd
Entity not established
Onboards Nigerians via offshore Weltrade Ltd (SVG/Saint Lucia); active local marketing.
Accounts
Micro/Cent ($1), Pro ($10), Premium ($25), SyntX.
Withdrawal time and methods
Cost against the Nigeria median (47 of 82)
raw+commission
Rating, and how many people left it
Software and market access (3)
MT4 · MT5 · Smart Invest app
FX 40+ pairs, metals, energies, indices, stocks, crypto, synthetic indices.
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, United Kingdom, European Union member states, Russian Federation, Belarus, India, Iran, North Korea
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
- weltrade.com domain
- wikifx.com domain
- fxscouts.ng domain
FAQ (4)
Does Weltrade accept residents of Nigeria?
Yes.
Which entity onboards a Nigeria client of Weltrade?
Weltrade Ltd
What licence does Weltrade hold for Nigeria?
No licence number is published for this country.
What does one EURUSD lot cost at Weltrade?
3.1 USD per round turn against a Nigeria median of 6.0 USD, measured on 47 of 82 brokers.