BREAKING: SEC proposes N3 billion minimum capital for forex brokers, N5 billion for trading platforms
The Securities and Exchange Commission (SEC) has proposed a new regulatory framework for online forex trading and Contracts for Difference (CFDs), setting minimum capital requirements of up to N5 billion for operators seeking to participate in Nigeria’s retail forex market. The post BREAKING: SEC proposes N3 billion minimum capital for forex brokers, N5 billion for trading platforms appeared…
The Securities and Exchange Commission (SEC) in Nigeria has proposed new regulatory framework for online forex trading and Contracts for Difference (CFDs), setting minimum capital requirements of up to N5 billion for operators seeking to participate in Nigeria’s retail forex market. The proposed rules, issued under the Investments and Securities Act (ISA) No. 2, 2025, are designed to bring both domestic and offshore operators into a formal licensing and supervisory framework, alongside a proposed 30% minimum local ownership requirement for licensed brokers.
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