XChief — Nigeria
Key facts (8)
- Who actually onboards you
- Serves Nigeria via offshore xChief LTD (Comoros/Mwali); a representati
- Licence number
- not stated
- Established
- 2014group
- Min deposit, USD
- 10 USDgeo
- Platforms
- MT4 · MT5
- Local funding
- No verified NGN/local bank rail; cards, wire, Sk
- Max leverage
- 1000geo
- EURUSD
- 0.6 pipsgroup
This broker against the Nigeria middle (47 of 82)
| XChief | Nigeria median | |
|---|---|---|
| Round turn, USD | 5.5 USD | 6.0 USD |
| Min deposit, USD | 10 USDgeo | 50.0 USD |
| Max leverage | 1000geo | 500.0geo |
| Withdrawal, h | no data | 24.0 h |
| EURUSD, standard | 0.6 pipsgroup | 1.1 pips |
| EURUSD, raw | 0.3 pipsgroup | 0.0 pips |
| Established | 2014group | 2009.0 |
| Platforms | 2 | 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
Serves Nigeria via offshore xChief LTD (Comoros/Mwali); a representative office in Nigeria is referenced in reviews.
Entity not established
Accounts
CENT (min $0), Classic+ ($10), DirectFX ($50), xPRIME ($500, MT5).
Withdrawal time and methods
Cost against the Nigeria median (47 of 82)
raw+commission
Rating, and how many people left it
xChief 9.4 / 10
Software and market access (2)
MT4 · MT5
FX, metals/gold, indices, 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, Angola, Australia, Belarus, Bolivia, Republic of Congo, Cuba, Democratic Republic of Congo, El Salvador, Lesotho, New Zealand, Panama, Paraguay, Reunion, Uruguay
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 (4)
Checked: 2026-07-09
- xchief.com domain
- forexbrokers.com/guides/nigeria page
- wikifx.com domain
- daytrading.com domain
FAQ (4)
Does XChief accept residents of Nigeria?
Through an offshore entity.
Which entity onboards a Nigeria client of XChief?
Serves Nigeria via offshore xChief LTD (Comoros/Mwali); a representative office in Nigeria is referenced in reviews.
What licence does XChief hold for Nigeria?
No licence number is published for this country.
What does one EURUSD lot cost at XChief?
5.5 USD per round turn against a Nigeria median of 6.0 USD, measured on 47 of 82 brokers.