Plus500 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
- Not applicable - Plus500 does not accept Nigerian residents.
- Local standing
- Not served; Nigeria appears on Plus500's list of countries where services are unavailable.
- Licence as the register states it
- Not applicable - no SEC Nigeria authorisation and Nigeria is on Plus500's not-served list.
- Leverage for this entity
- not applicable
- The firm behind it
- Plus500 Ltd, founded 2008 in Haifa, Israel; listed on the London Stock Exchange (FTSE 250); profitable CFD-only fintech with proprietary technology and tens of millions of registered customers.
- What we hold against it
- Reputable listed broker overall, but does not serve Nigeria - do not present as available.
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.
not applicable
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youNot served; Nigeria appears on Plus500's list of countries where services are unavailable.
- 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: Single CFD trading account (no tiered accounts), Retail vs Professional classification affects leverage, protections, free unlimited demo. 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://tradingbeasts.com/plus500-list-of-supported-and-banned-countries
Not tax advice. Check with the FIRS.
Deposit and withdrawal methods (1 methods · 0 local rails)
not applicable
- Account currency
- Multiple account currencies by entity (USD, EUR, GBP, AUD, CAD, ZAR, SGD, etc.).
- Fee declared
- 0 of 0 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(1 platform)
- Plus500 WebTrader
| Class | Count | Min spread | Leverage |
|---|---|---|---|
| Plus500 WebTrader | — | 0.6 | —NG |
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 | 4.2 | 1,827 |
Share of reviewers in Nigeria: — The platform does not publish it.
Pros and cons(3 for and 3 against, each tied to a figure on this page)
- Round turn 6 USD on the standard basis, under the Nigeria median 6.5
- Swap-free account available
- Round-turn cost 95 of 100, its strongest of 6 scored axes
- No Nigeria authorisation on file: the entity that onboards you is licensed elsewhere
- Withdrawal in 72 h, over the Nigeria median 24
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in Nigeria(6 of 81 scored in Nigeria)
- Round turn, USD
- 6NG
- Min deposit, USD
- 100 groupNG
- Leverage
- 500NG
- Rank in this country
- #1
- Round turn, USD
- 7NG
- Min deposit, USD
- 100 groupNG
- Leverage
- 200NG
- Rank in this country
- #3
- Round turn, USD
- 5NG
- Min deposit, USD
- 10 groupNG
- Leverage
- 2000NG
- Rank in this country
- #5
- Round turn, USD
- 5NG
- Min deposit, USD
- 100 groupNG
- Leverage
- 3000NG
- Rank in this country
- #6
- Round turn, USD
- 6NG
- Min deposit, USD
- 0 groupNG
- Leverage
- 2000NG
- Rank in this country
- #11
- Round turn, USD
- 6NG
- Min deposit, USD
- 50 groupNG
- Leverage
- 500NG
- Rank in this country
- #12
"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 | Plus500 |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 60 |
| 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 | 0 |
| 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 | 90 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
Where Plus500 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 · 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 Plus500 accept residents of Nigeria?
- No. Not served; Nigeria appears on Plus500's list of countries where services are unavailable. Onboarding entity: Not applicable - Plus500 does not accept Nigerian residents.
- Is Plus500 licensed to serve clients in Nigeria?
- Not applicable - no SEC Nigeria authorisation and Nigeria is on Plus500's not-served list. Checked on 09.07.2026.
- How much does one round turn cost at Plus500?
- About 6.0 USD per standard lot on EUR/USD. The median across brokers measured for Nigeria is 6.5 USD.
- Which trading platforms does Plus500 support?
- Plus500 WebTrader. Instruments: 2,000+ CFDs across forex, indices, commodities, shares, ETFs, options and crypto (crypto availability varies by jurisdiction).
- How can I withdraw money from Plus500 in Nigeria?
- not applicable
- What account types does Plus500 offer?
- Single CFD trading account (no tiered accounts); Retail vs Professional classification affects leverage and protections; free unlimited demo.
- Does Plus500 offer a swap-free (Islamic) account?
- Yes. Plus500 offers a swap-free (Islamic) account to Nigeria residents.