
XTB 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
- XTB does NOT serve Nigeria - Nigeria is not on XTB's accepted-country list (only Angola, Mauritania, South Africa and Zambia are accepted in Africa).
- Local standing
- Not served / restricted jurisdiction; no local authorisation.
- Licence as the register states it
- No XTB entity is licensed by Nigeria's SEC; not authorised locally.
- Leverage for this entity
- Not applicable - XTB does not onboard Nigerian residents.
- The firm behind it
- Founded 2002 (Warsaw), HQ Poland; WSE-listed (XTB) since 2016; ~1M+ clients globally.
- What we hold against it
- Nigeria not accepted despite large local CFD demand; sources listing XTB as available in Nigeria conflict with XTB's own acceptance list - treat as not served.
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 - XTB does not onboard Nigerian residents.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youNot served / restricted jurisdiction; no local authorisation.
- 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: Not available to Nigerian residents (global product: Standard, Pro, Islamic). 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/xtb-list-of-supported-and-banned-countries
Not tax advice. Check with the FIRS.
Deposit and withdrawal methods (1 methods · 0 local rails)
Not applicable - onboarding not available.
- Account currency
- Not applicable; no NGN account.
- Fee declared
- 0 of 0 methods
- Withdrawal back to
- the funding method
Where it does not serve(6 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets

Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 3.6 | 2,883 |
Share of reviewers in Nigeria: — The platform does not publish it.
Pros and cons(2 for and 4 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 6 scored axes
- Round turn 9 USD on the raw + commission basis, over the Nigeria median 6.5
- 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
- 10NG
- Min deposit, USD
- 10 groupNG
- Rank in this country
- #48
- Round turn, USD
- 7NG
- Min deposit, USD
- 0 groupNG
- Leverage
- 500NG
- Rank in this country
- #27
- Round turn, USD
- 9NG
- Min deposit, USD
- 10 groupNG
- Leverage
- 500NG
- Rank in this country
- #45
- Round turn, USD
- 9NG
- Min deposit, USD
- 25 groupNG
- Leverage
- 1000 group
- Rank in this country
- #2
- Round turn, USD
- 7NG
- Min deposit, USD
- 10 groupNG
- Leverage
- 200NG
- Rank in this country
- #13
- Round turn, USD
- 7NG
- Min deposit, USD
- 5 groupNG
- Leverage
- 1000NG
- Rank in this country
- #25
"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 | XTB |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 30 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 80 |
| 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 | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
Where XTB sits in the Nigeria base(81 brokers)
Round-turn cost, USD (57 of 81 priced)
Median 6.5 USD · range 3-20 · this broker 9 USD · 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 · 28 of 81 brokers do not publish it
Withdrawal time published (81 brokers)
FAQ
- Does XTB accept residents of Nigeria?
- No. Not served / restricted jurisdiction; no local authorisation. Onboarding entity: XTB does NOT serve Nigeria - Nigeria is not on XTB's accepted-country list (only Angola, Mauritania, South Africa and Zambia are accepted in Africa).
- Is XTB licensed to serve clients in Nigeria?
- No XTB entity is licensed by Nigeria's SEC; not authorised locally. Checked on 09.07.2026.
- How much does one round turn cost at XTB?
- About 9.0 USD per standard lot on EUR/USD. The median across brokers measured for Nigeria is 6.5 USD.
- How can I withdraw money from XTB in Nigeria?
- Not applicable - onboarding not available.
- What account types does XTB offer?
- Not available to Nigerian residents (global product: Standard, Pro, Islamic).