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Afrinvest Securities in Nigeria — review, licence and costs
Score (5 of 6 axes scored)
shown, not ranked: no cost
Who actually onboards you
- Entity that onboards Nigeria residents
- Afrinvest Securities Limited
- Local standing
- SEC-regulated domestic stockbroker
- Licence as the register states it
- SEC Nigeria licensed broker-dealer; NGX (Nigerian Exchange) authorized dealing member
- Leverage for this entity
- no retail forex/leverage; long-only equities & fixed income
- The firm behind it
- Founded 1994, Lagos-based; ~28+ years in market; distributes Afrinvest-originated investment products plus secondary-market trading in equity, debt, money-market and currency instruments; 2023 partnership with NGX and SecondSTAX for access to Nairobi and Ghana stock exchanges
- What we hold against it
- not verified at review
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Nigerian residents enters the score.
no retail forex/leverage; long-only equities & fixed income
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youSEC-regulated domestic stockbroker
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Accounts
Account types the broker names for this country: Brokerage/investment account (retail & institutional). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Payouts(1 method)
| Method | Deposit, h | Withdrawal, h | Fee, USD | Min, USD |
|---|---|---|---|---|
| Bank transfer | 24 | — | 0 | 50 |
Taxes for a Nigerian resident(1 rule)
- Trading profits are taxable and must be declared to the Nigeria Revenue Service (NRS, formerly FIRS).https://afrinvest.com/about-us/afrinvest-securities/
Not tax advice. Check with the FIRS.
Deposit and withdrawal methods (1 methods · 0 local rails)
Bank transfer;
- Bank transfer
- Account currency
- NGN
- Fee declared
- 1 of 1 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets
Pros and cons(3 for and 5 against, each tied to a figure on this page)
- Authorised by the Nigeria regulator in its own register
- Min deposit 10 USD, under the Nigeria median 20
- Track record 100 of 100, its strongest of 5 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- A regulator warning is on file against this broker
- Withdrawal in 48 h, over the Nigeria median 24
- Reviews 0 of 100, its weakest of 5 scored axes
- Not scored on round-turn cost: the broker publishes no figure we could read
Alternatives in Nigeria(6 of 81 scored in Nigeria)
- Round turn, USD
- 10NG
- Min deposit, USD
- 10 groupNG
- Rank in this country
- #48
- Round turn, USD
- 13.6NG
- Min deposit, USD
- 0 groupNG
- Leverage
- 200NG
- Rank in this country
- #50
- Round turn, USD
- 6NG
- Min deposit, USD
- 20NG
- Leverage
- 200NG
- Rank in this country
- #10
- Round turn, USD
- 7NG
- Min deposit, USD
- 10 groupNG
- Leverage
- 200NG
- Rank in this country
- #13
- Round turn, USD
- 6NG
- Min deposit, USD
- 0 groupNG
- Leverage
- 500NG
- Rank in this country
- #17
- Round turn, USD
- 6NG
- Min deposit, USD
- 50NG
- Leverage
- 500NG
- Rank in this country
- #24
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Nigeria score. Full methodology
| Axis | Weight | What is measured | Afrinvest Securities |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 0 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | — |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 90 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 60 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
— the broker does not publish this figure; it is not read as a zero and it is not scored.
Where Afrinvest Securities sits in the Nigeria base(81 brokers)
Round-turn cost, USD (57 of 81 priced)
Median 6.5 USD · range 3-20 · 24 of 81 brokers do not publish it
Minimum deposit, USD (29 of 81 priced)
Median 20 USD · range 0-100 · this broker 10 USD · 52 of 81 brokers do not publish it
Retail leverage (53 of 81 with a Nigeria figure)
Median 1:500 · range 100-3000 · 28 of 81 brokers do not publish it
Withdrawal time published (81 brokers)
FAQ
- Does Afrinvest Securities accept residents of Nigeria?
- Yes. SEC-regulated domestic stockbroker Onboarding entity: Afrinvest Securities Limited
- Is Afrinvest Securities licensed to serve clients in Nigeria?
- SEC Nigeria licensed broker-dealer; NGX (Nigerian Exchange) authorized dealing member
- How can I withdraw money from Afrinvest Securities in Nigeria?
- Bank transfer; other methods not verified at review
- What account types does Afrinvest Securities offer?
- Brokerage/investment account (retail & institutional)
- Does Afrinvest Securities offer a swap-free (Islamic) account?
- No. Afrinvest Securities publishes no swap-free (Islamic) account for Nigeria.