SEC proposes N3bn capital for Online Forex Broker Dealers

SEC proposes N3bn capital for Online Forex Broker Dealers

Nigeria’s Securities and Exchange Commission (SEC) has released a set of proposed rules on online forex (FX) trading and contract read more SEC proposes N3bn capital for Online Forex Broker Dealers

SEC Tightens Grip On Online Forex Trading, Targets Offshore Platforms Serving Nigerians - TV360 Nigeria

New rules extend regulatory reach beyond Nigerian operators to foreign platforms soliciting local investors….. The Securities and Exchange Commission, SEC, is moving to bring Nigeria’s rapidly expanding online foreign exchange market under tighter regulatory control, including platforms based outside the country that actively provide services to Nigerian residents. The Commission’s newly released rules extend the …

Nigeria Axes Binary Options In New FX and CFD Rules

Nigeria's Securities and Exchange Commission (SEC) unveiled an inaugural proposed framework on Tuesday tailored for CFDs and forex. This marks another push toward stricter oversight in another African nation. Notably, the SEC intends to ban binary options entirely while curtailing traditional finfluencer marketing tactics and setting strict 1:2 leverage limits on crypto. Among others, the SEC is taking a direct strike at social media myth-making…

SEC targets offshore forex platforms with N5bn capital, local ownership rules

The Securities and Exchange Commission (SEC) has proposed minimum capital requirements of up to N5 billion for operators in Nigeria’s retail foreign exchange and Contracts for Difference (CFDs) market. The proposed framework, contained in the Draft Rules on Online Forex Trading and Contracts for Difference, was issued pursuant to the Investments and Securities Act (ISA) […]

SEC Proposes N5bn Capital Base for Online Forex, CFD Brokers

The Securities and Exchange Commission (SEC) has proposed a new regulatory framework for online forex trading and Contracts for Difference (CFDs), including minimum capital requirements of up to N5 billion for operators seeking to serve Nigeria’s retail market. The proposed rules, issued under the Investments and Securities Act (ISA) No. 2, 2025, are contained in […] The post SEC Proposes N5bn Capital Base for Online Forex, CFD Brokers appeared …

SEC Proposes N5bn Capital For Forex Trading Platforms, N3bn For Brokers

The Securities and Exchange Commission (SEC), has proposed minimum capital requirements of up to N5 billion for operators in Nigeria’s retail forex and Contracts for Difference (CFDs) market, as it moves to bring both domestic and offshore platforms under formal regulation. The draft Rules on Online Forex Trading and Contracts for Difference were issued under […]