FxPro's website
FXGT in Nigeria — review, licence and costs
Cost calculator (median of 57 priced of 81)
Score (6 of 6 axes scored)
ranked against full-basis brokers
Who actually onboards you
- Entity that onboards Nigeria residents
- GT Global Ltd
- Local standing
- Offshore (Seychelles FSA); Nigeria's SEC does not license retail forex, so trading is effectively unregulated with no local recourse.
- Licence as the register states it
- GT Global Ltd holds Seychelles FSA Licence No. SD019; no Nigerian SEC licence.
- Leverage for this entity
- Up to 1:5000 on Optimus; not capped by a Nigerian regulator.
- The firm behind it
- GT Group brand, launched 2019; crypto-forex hybrid broker with Seychelles/FSCA/Vanuatu/CySEC entities.
- What we hold against it
- Offshore only; Nigerian retail forex is unregulated, so standard offshore caveats apply; no verified SEC alert against FXGT.
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.
Client protection
- Local entity onboards youOffshore (Seychelles FSA); Nigeria's SEC does not license retail forex, so trading is effectively unregulated with no local recourse.
- 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.
Price against Nigeria market median(priced from 57 of 81)
Medians run over the 57 of 81 brokers that publish a price for Nigeria, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Mini, Standard+, Micro/Cent, Pro, ECN Zero, Optimus, commission-free except ECN Zero, min deposit from ~USD 5-50. 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
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 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://fxgt.com
Not tax advice. Check with the FIRS.
Deposit and withdrawal methods (4 methods · 0 local rails)
Cards, bank wire, e-wallets and crypto;
- Cards
- Bank wire
- E-wallets
- Crypto
- Account currency
- USD, EUR and JPY; no NGN account, so NGN funding is converted.
- Fee declared
- 4 of 4 methods
- Withdrawal back to
- the funding method
Where it does not serve(8 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- MT4
- MT5
- FXGT WebTrader
Identical for every row: Min spread 1.4 · Leverage 5000 NG.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.3 | 1,600 |
Share of reviewers in Nigeria: — The platform does not publish it.
Pros and cons(5 for and 3 against, each tied to a figure on this page)
- Round turn 6 USD on the raw + commission basis, under the Nigeria median 6.5
- Min deposit 5 USD, under the Nigeria median 20
- Swap-free account available
- Round-turn cost 95 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, FXGT WebTrader
- No Nigeria authorisation on file: the entity that onboards you is licensed elsewhere
- Withdrawal in 72 h, over the Nigeria median 24
- Safety 10 of 100, its weakest of 6 scored axes
Alternatives in Nigeria(5 of 81 scored in Nigeria)
- Round turn, USD
- 5.5NG
- Min deposit, USD
- 10NG
- Leverage
- 1000NG
- Rank in this country
- #36
- Round turn, USD
- 6NG
- Min deposit, USD
- 20NG
- Leverage
- 200NG
- Rank in this country
- #10
- Round turn, USD
- 6NG
- Min deposit, USD
- 0 groupNG
- Leverage
- 500NG
- Rank in this country
- #17
- Round turn, USD
- 4.8NG
- Min deposit, USD
- 0NG
- Leverage
- 500NG
- Rank in this country
- #29
- Round turn, USD
- 7NG
- Min deposit, USD
- 0 groupNG
- Leverage
- 1000NG
- Rank in this country
- #23
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 | FXGT |
|---|---|---|---|
| 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 | 95 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 10 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 40 |
| Track record | 10% | Years since the firm was founded, from its own filings | 35 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 80 |
Where FXGT sits in the Nigeria base(81 brokers)
Round-turn cost, USD (57 of 81 priced)
Median 6.5 USD · range 3-20 · this broker 6 USD · 24 of 81 brokers do not publish it
Minimum deposit, USD (29 of 81 priced)
Median 20 USD · range 0-100 · this broker 5 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 1:5000 · 28 of 81 brokers do not publish it
Withdrawal time published (81 brokers)
FAQ
- Does FXGT accept residents of Nigeria?
- No. Offshore (Seychelles FSA); Nigeria's SEC does not license retail forex, so trading is effectively unregulated with no local recourse. Onboarding entity: GT Global Ltd
- Is FXGT licensed to serve clients in Nigeria?
- GT Global Ltd holds Seychelles FSA Licence No. SD019; no Nigerian SEC licence. Checked on 09.07.2026.
- How much does one round turn cost at FXGT?
- About 6.0 USD per standard lot on EUR/USD. The median across brokers measured for Nigeria is 6.5 USD.
- What leverage does FXGT offer to retail clients in Nigeria?
- Up to 1:5000. Up to 1:5000 on Optimus; not capped by a Nigerian regulator.
- Which trading platforms does FXGT support?
- MT4, MT5, FXGT WebTrader. Instruments: 50+ FX pairs, 30+ crypto CFDs, synthetic crypto pairs, 50+ US share CFDs, 10+ indices, metals and energy CFDs.
- How can I withdraw money from FXGT in Nigeria?
- Cards, bank wire, e-wallets and crypto; local Nigerian bank transfer commonly used but specific rails not verified at review.
- What account types does FXGT offer?
- Mini, Standard+, Micro/Cent, Pro, ECN Zero and Optimus; commission-free except ECN Zero; min deposit from ~USD 5-50.
- Does FXGT offer a swap-free (Islamic) account?
- Yes. FXGT offers a swap-free (Islamic) account to Nigeria residents.