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CMC Markets 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
- CMC Markets does not list Nigeria among its accepted countries and does not appear to onboard Nigerian residents.
- Local standing
- Not served; no local Nigerian regulation and no verified offshore onboarding for Nigerian residents.
- Licence as the register states it
- No CMC entity holds a Nigerian SEC licence; not applicable.
- Leverage for this entity
- not applicable
- The firm behind it
- Founded 1989, HQ London, listed on the London Stock Exchange; long-established global CFD/spread-betting broker.
- What we hold against it
- Tier-1 regulated group; Nigeria not among its serviced markets.
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.
Scale from 1:10 to 1:3000, logarithmic.
"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.
Client protection
- Local entity onboards youNot served; no local Nigerian regulation and no verified offshore onboarding for Nigerian residents.
- 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: not applicable. 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.
Taxes for a Nigerian resident(1 rule)
- Trading profits are taxable and must be declared to the Nigeria Revenue Service (NRS, formerly FIRS).https://tradersunion.com/brokers/forex/view/cmc-markets/available-countries
Not tax advice. Check with the FIRS.
Deposit and withdrawal methods (1 methods · 0 local rails)
not applicable
- Account currency
- not applicable
- Fee declared
- 0 of 0 methods
- Withdrawal back to
- the funding method
Where it does not serve(5 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(1 platform)
| Class | Count | Min spread | Leverage |
|---|---|---|---|
| All instruments | 12000+ | — | 200NG |
147 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 141 more.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.3 | 3000 |
Share of reviewers in Nigeria: — The platform does not publish it.
Pros and cons(2 for and 5 against, each tied to a figure on this page)
- Min deposit 0 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
- No Nigeria authorisation on file: the entity that onboards you is licensed elsewhere
- Withdrawal in 120 h, over the Nigeria median 24
- Safety 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
- 4NG
- Min deposit, USD
- 20NG
- Leverage
- 200NG
- Rank in this country
- #20
- Round turn, USD
- 9NG
- Min deposit, USD
- 0 groupNG
- Rank in this country
- #47
- 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
- 9NG
- Min deposit, USD
- 25 groupNG
- Leverage
- 1000 group
- Rank in this country
- #2
- Round turn, USD
- 4.2NG
- Min deposit, USD
- 0 groupNG
- Leverage
- 200NG
- Rank in this country
- #4
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 | CMC Markets |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 65 |
| 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 | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 0 |
| 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 |
Where CMC Markets 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 0 USD · 52 of 81 brokers do not publish it
Retail leverage (53 of 81 with a Nigeria figure)
Median 1:500 · range 100-3000 · this broker 1:200 · 28 of 81 brokers do not publish it
Withdrawal time published (81 brokers)
FAQ
- Does CMC Markets accept residents of Nigeria?
- No. Not served; no local Nigerian regulation and no verified offshore onboarding for Nigerian residents. Onboarding entity: CMC Markets does not list Nigeria among its accepted countries and does not appear to onboard Nigerian residents.
- Is CMC Markets licensed to serve clients in Nigeria?
- No CMC entity holds a Nigerian SEC licence; not applicable. Checked on 09.07.2026.
- What leverage does CMC Markets offer to retail clients in Nigeria?
- Up to 1:200. +44 (0)20 7170 8200 [email protected] Create account 0.0 Pips FX minimum spread ¹ 1:200 Maximum retail leverage 0.01 Micro lot trading* 12,000 Financial instruments 24/5 Dedicated cust
- How can I withdraw money from CMC Markets in Nigeria?
- not applicable
- What account types does CMC Markets offer?
- not applicable